Stocks To Watch On 2 April 2026: IOCL, Lupin, Power Grid

By Kotak News Desk
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02 Apr 2026 at 12:00 PM IST
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Market News
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4m

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Summary

Markets are set for a weak start because GIFT Nifty indicates a negative start for the benchmark Indian equity indices. Auto and banking stocks, along with updates from IOCL, Lupin, and Power Grid, will drive focus.

GIFT Nifty futures indicate a gap-down start, as traders stay cautious ahead of the holiday, with markets shut tomorrow for Good Friday. Globally, cues are slightly positive but not strong enough to lift sentiment. Asian markets are trading higher, and US markets closed in the green after comments from Donald Trump suggested the Iran conflict may ease. Still, uncertainty around oil and geopolitics is keeping pressure on markets.

Which Stocks Will Be In Focus Today?

Banking Stocks: Banks like Indian Bank and Karnataka Bank will remain in focus after their March quarter updates.

Auto Stocks: Hero MotoCorp, Maruti Suzuki, and TVS Motor Company remain in focus after March sales numbers.

Acme Solar Holdings: The company has added new capacity to its battery energy storage projects.

Indian Oil Corporation: The PSU reported record refinery and pipeline throughput of 75.4 million metric tonnes with 99.5% operational reliability.

Lupin: The company is acquiring a 43.38% stake in a Philippines-based pharma firm to expand its international presence.

Lemon Tree Hotels: A new property agreement in Srinagar supports its expansion strategy.

YES Bank: The appointment of a new Chief Risk Officer puts the focus on risk management.

Power Grid Corporation of India: The company has won a transmission project under competitive bidding.

Glenmark Pharmaceuticals: The company is shifting its strategy to directly handle the commercialisation of its nasal spray in the US, aiming for better control over margins and market presence.

Inox Clean Energy: The company's acquisition of Vibrant Energy strengthens its renewable portfolio.

Latent View Analytics: The company's $3 million investment into an AI healthcare firm signals a focus on new-age tech.

Also Read - Travel Firm Travomint Opts For Confidential IPO Filing With SEBI

Source

Business Standard

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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