Stocks to Watch on March 16, 2026: Data Patterns, Adani Power, Waaree Energies, Ramky Infrastructure, Bajel Projects, Voltas and Others

In the previous trading session, benchmark indices traded cautiously as investors monitored global developments and geopolitical tensions, particularly rising fuel prices amid ongoing conflicts in the Middle East. 

Market participants also continued to track company-specific announcements such as project wins, capital investments, management changes and regulatory developments that could influence stock movements in the near term. 

Data Patterns (India) Ltd 

Data Patterns has secured an order worth ₹288 crore from the Indian Meteorological Department (IMD) for the supply of 32 Doppler Weather Radar units. The order is expected to strengthen the company’s presence in specialised electronic systems and meteorological infrastructure. 

Adani Power Ltd 

Adani Power received a Letter of Award from the Maharashtra State Electricity Distribution Company (MSEDCL) for the supply of 1,600 MW of thermal power under a long-term Power Supply Agreement, supporting the company’s generation capacity utilisation and long-term revenue visibility. 

Avenue Supermarts Ltd 

The board of Avenue Supermarts has approved the appointment of Kalpana Unadkat as Chairperson of the company with effect from April 1. Current Chairman Chandrashekhar Bhave will complete his second term as an Independent Director on May 16, 2026, and will step down as Chairman from March 31. 

Waaree Energies Ltd 

Waaree Energies announced plans to establish a 10 GW integrated ingot and wafer manufacturing facility in Nagpur, Maharashtra. The project will involve an investment of approximately ₹6,200 crore and aims to strengthen the company’s solar manufacturing ecosystem. 

Dilip Buildcon Ltd 

Dilip Buildcon has been declared the lowest bidder for a road construction project worth ₹160.2 crore from the Odisha Bridge & Construction Corporation (OBCCL). The EPC project involves building a six-lane diversion road along the Duduka–Gopalpur–Toparia corridor in Sundargarh, Odisha. 

Ramky Infrastructure Ltd 

Ramky Infrastructure announced the execution of a concession agreement with the Maharashtra Industrial Development Corporation (MIDC) through its subsidiary, Maha Integrated Life Sciences City (MILeS City). The project involves the development of a high-tech pharmaceutical park at the Dighi Port Industrial Area in Raigad with an estimated project cost of ₹3,000 crore under a PPP model. 

Bajel Projects Ltd 

Bajel Projects secured an engineering, procurement and construction contract worth over ₹700 crore from Maharashtra State Electricity Transmission Company (MSETCL). The project involves the establishment of a 400/220 kV AIS substation at Saswad in Pune along with associated transmission lines. 

Voltas Ltd 

The Assistant Commissioner of State Tax has initiated inspection proceedings at Voltas’ office premises in Mumbai related to GST records for Maharashtra. The company stated that the inspection is ongoing and currently has no material impact on its financials or operations. Separately, Gyan Shanker Pandey has resigned from the position of Head – Digital effective March 13. 

JK Lakshmi Cement Ltd 

JK Lakshmi Cement has been declared the preferred bidder for the mining lease of the New Umrangso limestone block in Assam. The mining block spans approximately 200 hectares and is expected to support the company’s raw material security for cement production. 

Read More: Stocks to Watch on March 13, 2026: JK Lakshmi Cement, Gravita India, Balaji Amines, Shaily Engineering, Kalpataru and Others! 

GMR Airports Ltd 

GMR Airports has received a Letter of Award from Delhi International Airport (DIAL) to upgrade, modernise, finance, operate and maintain Cargo Terminal 1 at Indira Gandhi International Airport in New Delhi. The project operates under a revenue-share model with DIAL and is expected to generate around ₹340 crore in revenue share during the first full year of operations. 

Seamec Ltd 

Oil and Natural Gas Corporation (ONGC) has issued a Notification of Award to a consortium of Seamec and Supreme Hydro Pvt. Ltd. for operation and maintenance services of ONGC-owned MSV “Samudra Sevak” for the period 2026–2028. The order value is estimated at approximately ₹410.74 crore. 

InterGlobe Aviation Ltd 

InterGlobe Aviation has introduced a fuel charge on both domestic and international routes effective March 14 due to the sharp rise in jet fuel prices amid geopolitical tensions in the Middle East. 

Hindalco Industries Ltd 

Hindalco clarified media reports suggesting that it had halted aluminium product sales due to the Iran conflict. The company stated that operations continue normally and the aluminium extrusions segment represents less than 0.1% of its overall operations. 

Britannia Industries Ltd 

Shareholders of Britannia Industries have approved the appointment of Rakshit Hargave as Chief Executive Officer and Managing Director for a term of five years, effective December 15. 

Conclusion 

Major project wins, infrastructure contracts, renewable energy investments, management changes and regulatory developments are expected to drive stock-specific action in today’s trading session. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.