Stocks to Watch on March 30: Thermax, Coal India, ONGC, Defence Stocks, Oberoi Realty, Urban Company, and Ceigall India
By Swati Verma | Updated March 30, 2026, 08:23 IST
As the domestic stock market prepares to open on March 30, investors should brace for significant movements. The GIFT NIFTY futures indicate that the NIFTY50 index will open approximately 253 points lower, signaling cautious trading at the start of the week. Several key stocks are expected to be in focus due to recent developments across sectors including defense, energy, real estate, and technology services.
Defence Stocks in Spotlight Amid Major Procurement
Defence stocks such as BEL and BEML are expected to draw investor attention following a major acquisition push by India. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved a package totaling ₹2.38 lakh crore on March 27, 2026. This includes the procurement of five additional S-400 missile systems from Russia and 60 medium transport aircraft, alongside other military platforms. This move aims to bolster the combat capabilities of the Indian Armed Forces and is likely to impact related defense and aerospace stocks.
Real Estate: Oberoi Realty’s New Redevelopment Project
Oberoi Realty has inked a Development Agreement with two adjacent housing societies on M.L. Dahanukar Marg and Dr. G. Deshmukh Marg in Mumbai’s Peddar Road district. The project covers redevelopment of lands approximating 4,800 square meters. Oberoi’s share of the free-sale component is estimated at up to 140,000 square feet of RERA carpet area, subject to applicable height and land-use regulations. This redevelopment project places Oberoi Realty in focus for potential growth and expansion opportunities.
Infrastructure Order for Dilip Buildcon
Shares of Dilip Buildcon are likely to respond to the company securing a government contract valued at ₹698.49 crore. The firm has received the Letter of Acceptance (LoA) to build a flood protection embankment on the Narmada River in Bharuch district, Gujarat. The project is under the aegis of the Narmada Water Resources, Water Supply & Kalpasar Department, Government of Gujarat, and is expected to contribute significantly to Dilip Buildcon’s order book.
NLC India Boosts Domestic Coal Production
The Neyveli Uttar Pradesh Power Limited, a JV between NLC India Limited and UP Rajya Vidyut Utpadan Nigam, has commenced coal production at a Jharkhand coal block. This marks progress at the Pachwara South Open Cast Project, where production began on March 29, 2026. Enhanced domestic coal output supports India’s energy security amid growth in power demand and could positively impact related energy sector stocks.
Vedanta Faces Reversal in Jaypee Asset Bid
Anil Agarwal, Chairman of Vedanta, has publicly stated that the company initially received written confirmation of winning the bid for Jaypee Group assets through the insolvency resolution process. However, the decision was later reversed without detailed explanation, creating uncertainty. This development may affect Vedanta’s stock sentiment in the near term.
Financial Services and Insurance: Jio Financial Services’ Expansion Plans
Jio Financial Services (JFS) plans to launch general and life insurance businesses this year, contingent on regulatory approvals. CEO Hitesh Sethia indicated that while there are no immediate plans for unsecured or consumer durable lending, the insurance segment is a key focus area for growth in 2026. ### Titan Company and CaratLane’s Retail Expansion
CaratLane, a Titan Company brand, intends to expand its retail footprint by opening 40 new stores in the 2026-27 financial year. Approximately 10% of these new outlets will be company-owned, primarily focusing on northern, eastern, and southern India. This expansion plan aims to strengthen the brand presence and increase market penetration across India.
Hospitality Sector Update: Indian Hotels Company’s New Taj Safaris Lodge
Indian Hotels Company Limited (IHCL) announced the signing of a greenfield Taj Safaris lodge project in Satpura, Madhya Pradesh. The 20-key lodge will further bolster IHCL’s presence in the wildlife and ecotourism segment with properties in key locations like Pench, Kanha, Bandhavgarh, and Panna.
RailTel Wins ₹13.03 Crore Order from Mumbai Port Authority
RailTel has received a Letter of Acceptance for a contract from the Mumbai Port Authority valued at ₹13.03 crore (excluding taxes), which is expected to contribute to the company’s revenue growth.
Coal India’s ₹1,057 Crore Battery Energy Storage Project
Coal India Limited received a Letter of Award from Telangana Power Generation Corporation Limited for setting up a 750 MWh Battery Energy Storage System (BESS) plant in Choutuppal, Telangana. The project is valued at ₹1,057.09 crore and marks a step towards sustainable energy storage infrastructure.
Thermax Secures ₹1,600 Crore Boiler Supply Order
Thermax’s subsidiary, Thermax Babcock & Wilcox Energy Solutions, secured a significant boiler package order worth approximately ₹1,600 crore. The contract involves supply, commissioning, and testing for a 1×800 MW ultra-supercritical thermal power plant in Central India. This reinforces Thermax’s position in the energy solutions space.
ONGC’s Daman Upside Development Project Hits Milestone
ONGC announced that its $1 billion Daman Upside Development Project offshore in western India achieved gas flow from Platform B-12-24P, marking a key operational milestone. The gas is now being sent to the Hazira processing plant, enhancing ONGC’s production capacity.
Urban Company’s InstaHelp Crosses 1 Million Monthly Bookings
Urban Company’s InstaHelp quick-service housekeeping vertical achieved over 1 million monthly delivered bookings in March, setting a record for the fastest scaling business unit in the company’s history. This development highlights Urban Company’s rapid growth in the home services segment.
US FDA Inspection of Aarti Pharmalabs Unit IV
The US Food and Drug Administration concluded its inspection of Aarti Pharmalabs Limited’s Unit IV in Maharashtra, issuing one procedural observation in Form 483. The company will respond with corrective actions within the stipulated period.
In summary, investors should keep an eye on these stocks amid ongoing government contracts, strategic expansions, and operational milestones across sectors such as defense, infrastructure, energy, and consumer services. Market participants are advised to monitor futures trends and stock-specific news closely as the week begins.
This article is for informational purposes and does not constitute investment advice.