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Indian markets are set for a weak start on March 4. Key stocks to watch include Mahindra & Mahindra, Natco Pharma, JSW Cement, Affle India and Lupin.

Stocks To Watch Today, March 4.
Stocks To Watch Today, March 4: Indian markets are likely to begin Wednesday’s session on a weak note amid global risk-off sentiment. The GIFT Nifty is currently trading nearly 550 points or 2.2 per cent lower at around 24,450, indicating a sharp gap-down start for benchmark indices.
Investors will also track several stock-specific developments, including appointments, defence contracts, acquisitions, regulatory developments and bulk deals.
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Here are the key stocks likely to remain in focus on March 4.
Hindustan Aeronautics
The Ministry of Defence has signed contracts worth Rs 5,083 crore for the procurement of six Advanced Light Helicopters (ALH) Mk-III (Maritime Role) for the Indian Coast Guard and Surface-to-Air Vertical Launch – Shtil missiles for the Indian Navy.
Of the total order value, a Rs 2,901 crore contract has been awarded to Hindustan Aeronautics for ALH Mk-III helicopters along with operational role equipment, engineering support and performance-based logistics.
Reliance Industries
Jio Platforms has appointed Dan Bailey as President, where he will lead the company’s international business initiatives.
Bailey will be based in London and report to Akash Ambani, Chairman of Reliance Jio Infocomm. He will also join the Executive Committee of Jio Platforms and contribute across broader business functions.
He previously served as Chairman of Deutsche Bank’s TMT practice.
Dabur India
Dabur has signed a definitive agreement to acquire a minority stake in luxury skincare D2C brand RAS Beauty for Rs 60 crore under its recently launched Dabur Ventures initiative.
Tata Motors
The company clarified that reports regarding Indonesia suspending vehicle imports relate to a domestic policy discussion on imports and local manufacturing, and not to the execution of the order received by the company.
Tata Motors said the order and advance payment already received remain programme-driven, and deliveries will begin soon in phases.
Earlier, its subsidiary PT Tata Motors Distribusi Indonesia had signed an agreement to supply 70,000 vehicles for deployment in the country.
Mahindra & Mahindra
The company said it has already received advance payment for the delivery of an order of 35,000 LCV units from Indonesia.
As of now, the company has not received any communication regarding any suspension of the order.
Cipla
The company has entered into a 60:40 joint venture agreement with Kemwell Biopharma to set up a new company in India.
The JV will focus on developing, manufacturing and commercialising biologic products, including licensing, exports and outsourcing activities.
Natco Pharma
Natco Pharma and its partner Breckenridge Pharmaceutical have launched Pomalidomide Capsules in the US market, a generic version of Celgene’s Pomalyst used for the treatment of multiple myeloma.
The drug recorded estimated US sales of $3.2 billion for the 12 months ending September 2025.
Adani Ports and Special Economic Zone
The company handled 42.5 million metric tonnes (MMT) of cargo in February, registering a 16 percent year-on-year growth.
Container volumes rose 14 percent, while dry cargo increased 15 percent during the month.
Power Grid Corporation of India
The company said the market regulator SEBI has granted relaxation under certain LODR provisions.
Additionally, its board will meet on March 9 to consider a proposal for fundraising.
State Bank of India
The contract of Nitin Chugh, Deputy Managing Director and Head of Digital Banking & Transformation, concluded on March 3, following which he has been relieved from the bank’s services.
Life Insurance Corporation
The tenure of Sunil Agarwal, Chief Financial Officer of LIC, has been extended by one year until March 1, 2027.
JSW Cement
The company has been declared the preferred bidder for the Sikilangso Limestone Block (Part A & B) in Assam, with each block spread across 200 hectares.
Affle (India)
Anuj Kumar has resigned as the Non-Executive Director of the company with effect from April 16, 2026. He has also stepped down from roles in the company’s subsidiaries and step-down subsidiaries.
Lupin
The GST Department in Maharashtra has concluded inspection and search proceedings at the company’s registered office.
The company said it provided all required documents and no adverse findings have been communicated so far.
Greenlam Industries and Greenply Industries
The Income Tax Department conducted search operations at the registered offices and manufacturing facilities of both companies.
Greenply said the search and seizure operations that began on February 26 concluded on March 2.
Persistent Systems
Persistent Systems said its step-down subsidiary Persistent Telecom Solutions Inc., USA has been merged into its wholly owned subsidiary Persistent Systems Inc., effective February 28.
Shalby
The company has decided to discontinue SOCE operations in Rajkot and Lucknow, though outpatient department (OPD) services will continue in both cities.
Bulk Deals
In Dev Information Technology, US-based Xduce Technologies bought 51.25 lakh shares, equivalent to a 9.09 percent stake, at Rs 23.33 per share.
Meanwhile, promoters offloaded a similar stake in the company through market transactions.
Clean Max Enviro Energy Solutions
Citigroup Global Markets Mauritius sold 8.28 lakh shares, representing a 0.7 percent stake, at Rs 846.72 per share, valued at around Rs 70 crore.
Other Stocks To Watch
Shares of Kiaasa Retail, Sical Logistics, and newly listed PNGS Reva Diamond Jewellery may also remain in focus amid stake transactions and listing developments.
Meanwhile, Sammaan Capital remains under the F&O ban for the session.
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March 04, 2026, 07:47 IST
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