Stocks to Watch on March 23, 2026: HDFC Bank, South Indian Bank, PFC, Castrol India, Vedanta, MM Forgings and Others

Written by: Team Angel OneUpdated on: 23 Mar 2026, 1:30 pm IST
Banking, financial services, metals, railways, and consumer stocks are expected to remain in focus amid leadership changes, dividends, and order developments.
Stocks to Watch
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In the previous trading session, benchmark indices traded with caution as investors assessed global cues alongside key domestic developments. 

Market participants are closely tracking corporate announcements including leadership transitions, dividend declarations, fundraising plans and infrastructure-related contracts, which may influence near-term stock movements. 

HDFC Bank Ltd 

HDFC Bank is in focus following a leadership transition after the resignation of its Chairman. The bank has also taken action against certain senior executives over internal lapses at its overseas branch.  

However, the Reserve Bank of India has clarified that there are no material concerns regarding the bank’s governance or financial stability. An interim non-executive chairman has been appointed to ensure continuity. 

South Indian Bank Ltd 

South Indian Bank will see a key leadership change as its current non-executive chairman retires. A former RBI executive has been appointed as the new chairman for a three-year term, with additional senior management changes scheduled to take effect from April. 

Power Finance Corporation Ltd (PFC) 

Power Finance Corporation will be in focus as it trades ex-dividend for its interim dividend announcement, which may impact investor sentiment and stock price movement. 

Castrol India Ltd 

Castrol India is set to trade ex-dividend following its final dividend declaration, making it a key stock to watch in the oil and lubricants segment. 

Read MoreAppraisal Season 2026: Do Performance-Linked Incentives Increase EPF Contributions? 

Vedanta Ltd 

Vedanta remains on investors’ radar as its board is scheduled to consider a third interim dividend. The outcome of the meeting could influence near-term price action. 

MM Forgings Ltd 

MM Forgings has announced a board meeting to consider raising funds through equity issuance, subject to necessary approvals, signalling potential capital expansion plans. 

RITES Ltd 

RITES has secured a Letter of Acceptance for the maintenance of Indian Railways’ first high-speed test track. The project highlights the company’s growing role in specialised railway infrastructure. 

Texmaco Rail & Engineering Ltd 

Texmaco Rail is expected to remain in focus amid continued developments in the railway and engineering sector, supported by ongoing infrastructure investments. 

P N Gadgil Jewellers Ltd 

P N Gadgil Jewellers has expanded its retail footprint by opening two new jewellery stores in Maharashtra, indicating steady growth in the organised jewellery segment. 

India Glycols Ltd 

India Glycols will trade ex-dividend following its interim dividend announcement, which may attract investor attention. 

Conclusion 

Leadership changes, dividend-related developments, fundraising plans and infrastructure project wins are likely 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. 

Published on: Mar 23, 2026, 7:58 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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