Stocks to Watch for March 16: IndiGo, Jindal Stainless, GMR Airports, Voltas and more

By Admin

16 Mar, 2026

As the market opens for trading on Monday, March 16, investors are closely monitoring several companies that have recently announced key developments, contracts, operational updates, and regulatory actions. These updates could influence investor sentiment and stock price movements during the trading session.

From aviation and infrastructure to banking and healthcare, a wide range of companies are in focus. Here are the top stocks to watch on March 16 and the key reasons behind the market attention.

IndiGo Introduces Fuel Surcharge Amid Rising Jet Fuel Prices

India’s largest airline IndiGo has announced the introduction of a fuel surcharge starting March 14, 2026, citing a sharp surge in jet fuel prices triggered by geopolitical tensions in West Asia.

The airline reported that jet fuel prices have risen by more than 85%, significantly increasing operational costs. To manage this, IndiGo will implement additional charges ranging from ₹425 on domestic and Indian subcontinent routes to ₹2,300 on Europe routes.

The airline clarified that the surcharge is intended to balance rising expenses while continuing to offer affordable air travel. Investors will watch how this move affects passenger demand and revenue in the coming quarters.

Jindal Stainless Faces Supply Chain Disruptions

Jindal Stainless has warned that the ongoing West Asia conflict is affecting its operations due to disruptions in fuel supply and shipping logistics.

The company noted that limited availability of industrial gases such as propane, LPG, and natural gas has forced some manufacturing facilities to operate at rationalised capacity. Additionally, vessel diversions and longer shipping transit times are putting pressure on supply chains.

This development may have implications for production volumes and margins, making the stock a key one to monitor.

GMR Airports to Upgrade Delhi Airport Cargo Terminal

GMR Airports Ltd has secured a contract from Delhi International Airport Ltd to upgrade, modernise, and operate Cargo Terminal-1 at Indira Gandhi International Airport in New Delhi.

The project will run on a revenue-share model until 2036, with the first full-year revenue share expected to be around ₹340 crore.

This upgrade is expected to improve cargo handling capacity and strengthen GMR Airports’ role in India’s growing aviation logistics ecosystem.

SEAMEC Wins ₹410 Crore ONGC Contract

Offshore services provider SEAMEC Ltd, in partnership with Supreme Hydro Private Ltd, has secured a ₹410.74 crore contract from Oil and Natural Gas Corporation (ONGC).

The contract involves the operation and maintenance of the MSV Samudra Sevak vessel and will run for 738 days between 2026 and 2028. Work is expected to begin within 60 days.

The contract strengthens SEAMEC’s order book and reinforces its presence in offshore energy services.

Voltas Under GST Inspection

Consumer appliances and engineering services company Voltas Ltd disclosed that the Assistant Commissioner of State Tax, Investigation A, Mumbai, initiated a GST inspection at its Chinchpokli office on March 12 under the Maharashtra GST Act, 2017.

The inspection pertains to GST records for the state of Maharashtra. Voltas stated that it is fully cooperating with authorities and that the inspection currently has no material impact on its operations or financials.

However, regulatory actions often keep investors cautious in the short term.

Bajel Projects Secures ₹700 Crore Transmission Order

Bajel Projects Ltd has secured an EPC order worth over ₹700 crore from the Maharashtra State Electricity Transmission Company Ltd.

The project involves constructing a 400/220 kV AIS substation at Saswad in Pune district, along with associated transmission lines. The company described it as its largest transmission contract to date, with completion expected within 23 months.

Ramky Infrastructure Signs ₹3,000 Crore Pharma Park Deal

Ramky Infrastructure Ltd, through its subsidiary Maha Integrated Life Sciences City Ltd, has signed a ₹3,000 crore concession agreement with the Maharashtra Industrial Development Corporation (MIDC).

The project will develop a High-Tech Pharmaceutical Park at Dighi Port Industrial Area in Maharashtra under the DBFOT (Design, Build, Finance, Operate, Transfer) model.

The PPP project will run for 95 years, including a five-year construction period, positioning the company strongly in India’s pharmaceutical infrastructure sector.

Dilip Buildcon Emerges Lowest Bidder for Odisha Road Project

Infrastructure company Dilip Buildcon Ltd has been declared the lowest (L1) bidder for a road construction project worth ₹160.20 crore (excluding GST).

The project involves constructing a diversion road from 4/700 km to 11/500 km of the Duduka–Gopalpur–Toparia Road, a six-lane corridor with a service road in Sundargarh district, Odisha.

Winning the project could further strengthen Dilip Buildcon’s order pipeline.

Fino Payments Bank Reports Record Deposits

Fino Payments Bank reported a record deposit level of ₹2,900 crore as of March 13, reflecting strong growth in customer engagement.

The bank added 1.5 lakh new accounts since February 27, indicating strong expansion in its user base. However, the bank also reported that Q3 FY26 net profit declined 47% year-on-year, which may influence investor sentiment.

VA Tech Wabag Wins Major Water Infrastructure Order

VA Tech Wabag announced that its joint venture has secured a major order funded by the Asian Development Bank (ADB) from the Chennai Metropolitan Water Supply and Sewerage Board.

The project involves building a city-wide looped water grid for Chennai, aimed at strengthening water distribution infrastructure in the city.

PN Gadgil Jewellers Expands Retail Presence

PN Gadgil Jewellers has opened a new retail outlet at Panchami Heights in Sawantwadi, Sindhudurg (Maharashtra) under its Franchise Owned, Company Operated (FOCO) model.

With this addition, the company’s total store count has reached 71, reflecting continued retail expansion.

Aster DM Healthcare Faces Revenue Loss Due to Nurse Strike

Healthcare provider Aster DM Healthcare reported a revenue loss of ₹17.69 crore between March 8 and March 13 due to a nurse strike in Kerala.

Following directions from the Kerala High Court, operations are expected to resume by March 19, though the company indicated potential additional losses of up to ₹5.33 crore.

Ola Electric Launches ‘EndICEAge’ Campaign

Ola Electric Mobility has launched its “EndICEAge” campaign, aimed at accelerating India’s transition from petrol-powered two-wheelers to electric vehicles.

As part of the initiative, the company is offering limited-period benefits worth over ₹20,000 to encourage customers to adopt electric mobility.

Conclusion

Several companies across sectors are expected to remain in focus during Monday’s trading session, driven by major contracts, operational developments, regulatory inspections, and macroeconomic challenges.

Stocks such as IndiGo, Jindal Stainless, GMR Airports, SEAMEC, and Bajel Projects may see increased investor attention due to significant business updates. Meanwhile, developments involving Voltas, Aster DM Healthcare, and Fino Payments Bank could influence market sentiment.

Investors and traders will likely monitor these stocks closely as the market reacts to these announcements and broader global developments.