Stocks to Watch: March 9 Focus on Oil-Sensitive and Key Sector Stocks The domestic stock market is expected to open with significant losses on Monday, March 9, amid weak global cues. GIFT NIFTY futures indicate the NIFTY50 index may open 770 points lower, reflecting investor caution ahead of the trading session. Oil-sensitive stocks, including upstream companies like ONGC and Oil India, as well as public sector oil marketing companies (OMCs) such as Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp, are likely to remain in focus. This is due to surging global oil prices that have crossed the $100 per barrel mark, driven by escalating tensions between the U.S. and Iran. Analysts warn that these developments could disrupt global supply chains and heighten inflationary pressures. Paints, tyres, and aviation sectors are also expected to be closely watched. Companies like Asian Paints and Kansai Nerolac, along with tyre manufacturers such as MRF and JK Tyres, may see increased attention. Aviation stocks could face volatility as rising fuel costs impact airline profitability. Cipla, a major pharmaceutical player, is anticipated to dominate headlines after its U.S.-based subsidiary, Cipla USA, Inc., initiated a voluntary recall of over 400 cartons of generic anti-cancer medication. The recall, classified as a Class III voluntary action by the U.S. Food and Drug Administration (USFDA), pertains to Nilotinib Capsules in 150 mg and 200 mg strengths. The affected lots, totaling 271 and 164 cartons, were recalled due to "failed tablet/capsule specifications." The company announced the recall on February 18, 2026, and emphasized its commitment to compliance with current good manufacturing practices (CGMP) standards.#ongc #oil_india #indian_oil_corp #bharat_petroleum_corp #hindustan_petroleum_corp
Is Cochin Shipyard Headed towards Rs 2,500? Cochin Shipyard Ltd's share price has experienced significant fluctuations over the past year. The stock rose from Rs 1,295 at the end of February 2025 to Rs 2,350 in early June 2025 but has since declined, currently trading around Rs 1,493. This volatility has been influenced by factors such as corrections in the Indian defence sector and poor Q2 FY26 results, which weighed heavily on the stock. However, the company has recently garnered attention due to a series of new order wins, prompting analysis of its prospects. Cochin Shipyard Ltd (CSL) is a government-owned shipbuilding and repair company with Schedule A Miniratna status. It specializes in constructing and maintaining high-quality vessels, including tankers, carriers, passenger ships, and air defence ships. The company also provides repair services for both defence and commercial ships. Notably, CSL is the only Indian shipyard capable of repairing aircraft carriers for the Indian Navy, having completed repairs on three iconic carriers: ISN Viraat, INS Vikramaditya, and INS Vikrant. Additionally, it offers maintenance and upgradation services for oil exploration vessels and other specialized ships. Several factors are currently supporting CSL's share price. The company has a substantial orderbook, which includes Rs 211 billion in contracts as of August 2025, with Rs 15 billion allocated for ship repair and the remainder for shipbuilding. Since then, CSL has secured four major orders, including a "Mega" order extending until February 2026.#indian_navy #ongc #cochin_shipyard_ltd #svitzer #polestar_maritime_ltd
Adani Green Energy shares fell 6% on March 2 after Norway's $1.2-trillion sovereign wealth fund, Norges Bank, excluded the company from its portfolio citing concerns over alleged links to financial crime. The decision followed a similar exclusion of Adani Ports and Special Economic Zone Ltd in May 2024, which the fund attributed to "unacceptable risk" of contributing to serious human rights violations in conflict zones. Norges Bank provided no specific details about the alleged misconduct tied to Adani Green Energy, though it previously excluded other Indian firms like Coal India and ONGC for issues ranging from environmental damage to tobacco production. The exclusion came as Adani Green Energy's shares traded 6.4% lower at Rs 886.65, despite domestic mutual funds having increased their stake in the company 10 times since 2025. Mutual funds now hold 3% of AGEL's shares, up from 0.3%, according to market data. The fund's decision contrasts with its historical performance, as Norges Bank has delivered a 6% annualized return since 1998, one of the lowest in the global investment landscape. Norges Bank's exclusion of Adani Green Energy aligns with its broader strategy of avoiding companies linked to "gross corruption or other serious financial crime." The fund, which manages over $43.9 million in AGEL shares, has also excluded firms like Walmart, Boeing, and Philip Morris for ethical and legal reasons. Meanwhile, Adani Ports, previously excluded in 2024, saw its stock rise 18% since the decision, highlighting the mixed market reaction to such exclusions. The move underscores growing scrutiny of corporate conduct, particularly in sectors like energy and infrastructure.#ongc #coal_india #adani_green_energy #norges_bank #adani_ports
