Stocks In Focus 24 March: Coal India Divestment, Wipro Expansion, IRFC Deal And More

On March 24, 2026, the Indian stock market (NSE/BSE) opened sharply higher, with the Sensex rising over 1,000 points to 73,700 and the Nifty climbing 1.2% to 22,786.

Meanwhile, the US markets closed with gains of over 1%, and most Asian indices are in the green. Brent crude futures have moved up to around $102.93 a barrel after a sharp jump. That tends to make traders uneasy, especially in sectors that react quickly to oil.

Which Stocks Are In Focus Today?

Coal India: The company’s board has given in-principle approval to list its subsidiary, South Eastern Coalfields Ltd (SECL), through an initial public offering (IPO). The plan includes an offer for sale of up to 25% of Coal India’s stake, along with a fresh issue of up to 10% equity by SECL, subject to regulatory approvals.

InterGlobe Aviation: IndiGo’s parent company has brought in Aloke Singh as Chief Strategy Officer from 6 April. He has run Air India Express before, so this is not an unfamiliar name in aviation circles.

GR Infraprojects: A fresh order win is here. The company has secured a ₹2,440.87 crore highway project from NHAI in Bihar. The timeline stretches to about 910 days, so execution will play out over time.

Hindustan Zinc / Tata Steel: Hindustan Zinc has partnered with Tata Steel to expand the use of its low-carbon zinc product, EcoZen, in steel production.

Bosch: The company has entered into a joint venture with Tata AutoComp Systems to tap opportunities in the electric mobility space.

Indian Railway Finance Corporation: IRFC has signed a refinancing deal with Hindustan Urvarak and Rasayan (HURL). The number is large, up to ₹12,842 crore. The purpose is straightforward: manage and restructure existing long-term debt.

Wipro: The company is expanding in South Korea with a new innovation lab. This is more about strengthening its presence in that market than a near-term trigger.

HDFC Bank: The stock is likely to stay on the radar after the chairman’s resignation. The conversation right now is less about numbers and more about governance and board processes.

Other Key Market Triggers

Bluspring Enterprises: Ashish Dhawan has added to his stake, picking up 17 lakh shares worth ₹7.74 crore.

Brand Concepts: Ashish Kacholia has exited completely, selling his entire holding for ₹3.9 crore.

Innovision: A cluster of institutional investors has bought shares at a premium. That usually signals conviction, though the price paid is worth noting.

SAIL: Still in the F&O ban list, so trading in derivatives stays restricted.

Sammaan Capital: Also under an F&O ban, which limits fresh positions.

The start looks positive on paper. But it may not be that simple once trading begins. Oil is still moving, and global cues can shift quickly. The question is whether the opening strength holds, or fades as the day settles.

Sources:

Business Standard

Moneycontrol

CNBC TV18