Stocks to Watch for March 13: Max Financial Services, Indian Overseas Bank, JK Lakshmi Cement and more

By Admin

13 Mar, 2026

The Indian stock market is expected to see active movement on March 13 as several companies have announced important corporate updates that could influence investor sentiment. From fundraising plans and revised lending rates to supply disruptions and mining wins, these developments may play a key role in shaping trading activity during Friday’s session.

Here are some key stocks investors and traders should keep an eye on today.

1. Max Financial Services

Max Financial Services is likely to remain in focus after the company’s board approved plans to raise up to ₹2,000 crore through a Qualified Institutional Placement (QIP) or other permissible fundraising routes.

The capital may be raised in one or more tranches, subject to necessary regulatory and shareholder approvals. The move is aimed at strengthening the company’s capital base and supporting its future growth strategy, making the stock one of the important financial sector counters to track in today’s trading session.

2. Manorama Industries

Manorama Industries has also announced a significant fundraising initiative. The company’s board approved plans to raise up to ₹500 crore through the issuance of securities.

This may include equity shares, non-convertible debt instruments, warrants, or other convertible instruments. The fundraise could be carried out via Qualified Institutional Placement (QIP) or other permitted routes, possibly in multiple tranches, depending on regulatory and shareholder approvals. The capital infusion is part of the company’s broader strategy to support expansion and strengthen financial resources.

3. Balaji Amines

Chemical manufacturer Balaji Amines is currently facing logistical disruptions in ammonia procurement due to the ongoing West Asia conflict. Ammonia is a critical raw material for the company’s manufacturing operations.

The supply disruption has temporarily impacted operations, causing some of the company’s plants to become non-operational due to the shortage. The company has stated that it is closely monitoring the situation and taking steps to manage production during the disruption. This development could influence the stock’s short-term performance.

4. JK Lakshmi Cement

JK Lakshmi Cement has secured a positive development in the mining sector. The company has been declared the preferred bidder for the Juipahar New Umrangso Limestone Block (A and B) in an e-auction conducted by the Government of Assam.

The mining lease covers an area of 405 hectares in Assam, strengthening the company’s access to key raw materials required for cement production. Winning the limestone block could support the company’s long-term expansion and raw material security, making the stock noteworthy for investors tracking infrastructure and cement sector growth.

5. Indian Overseas Bank (IOB)

Public sector lender Indian Overseas Bank (IOB) has revised its Marginal Cost of Funds Based Lending Rate (MCLR), which will come into effect from March 15, 2026.

The bank has reduced its one-month MCLR by 10 basis points to 8.20%, while keeping rates for other tenors unchanged. Importantly, the one-year MCLR remains steady at 8.80%, ensuring stable borrowing costs for most long-term loans. This adjustment may impact lending rates and borrowing costs for certain customers.

6. Nectar Lifesciences Ltd

Nectar Lifesciences Ltd has entered into an inter-corporate loan agreement of up to ₹100 crore with its wholly owned subsidiary Avensis Exports Private Ltd.

The unsecured loan carries 12% annual simple interest with a tenure of 10 years and will be used for general corporate purposes. According to the company, the related-party transaction was executed at arm’s length without special rights or security, ensuring compliance with regulatory norms.

Conclusion

Several corporate announcements across sectors such as financial services, banking, chemicals, cement, and pharmaceuticals are likely to drive market attention on March 13. Fundraising initiatives by Max Financial Services and Manorama Industries, operational challenges at Balaji Amines, the mining win by JK Lakshmi Cement, lending rate adjustments by Indian Overseas Bank, and the loan agreement involving Nectar Lifesciences are key developments that traders and investors will be closely watching.

As the market reacts to these updates, these stocks could witness heightened volatility and trading interest during Friday’s session. Investors are advised to monitor further disclosures and market movements before making investment decisions.