Key reductions:

• FIIs trimmed their stake in Urban Company Ltd from 65.63% to 55.77%, a decrease of 9.86%.
• FIIs reduced their stake in ICICI Bank Ltd from 43.87% to 34.48%, marking a decrease of 9.39%.
• FIIs decreased their stake in Aavas Financiers Ltd from 24.72% to 16.74%, reflecting a decline of 7.98%.
• FIIs trimmed their stake in Restaurant Brands Asia Ltd from 16.82% to 10.59%, down by 6.23%.
• FIIs reduced their stake in Manappuram Finance Ltd from 28.78% to 23.23%, representing a decrease of 5.55%.

This trend is not isolated; FIIs have consistently reduced their stakes in several mid-cap stocks over the past four quarters. The ongoing portfolio rebalancing aligns with profit booking strategies observed across the market.

Other significant reductions include Max Healthcare Institute Ltd, where FIIs decreased their stake from 50.55% to 45.39%. Bliss GVS Pharma Ltd saw its stake drop from 14.54% to 10.45%. CarTrade Tech Ltd experienced a reduction from 64.58% to 60.15%, while Landmark Cars Ltd fell from 9.82% to 5.05%.

The overall market capitalisation of these firms may reflect the cautious approach taken by investors, as they navigate uncertain economic conditions and sector performance variability.

The current stake for Adani Total Gas Ltd stands at 12.75%, down from previous levels, while IRCTC has seen its share drop to 4.86%. As the landscape evolves, further developments are expected as FIIs reassess their positions amidst changing market dynamics.

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The shares of Precision Camshafts Ltd closed at ₹142.50 per share, reflecting investor interest in the company. Despite a revenue decline of 8.1% from ₹194.55 crore to ₹178.68 crore, the company has turned around from a loss of ₹6.36 crore to a profit of ₹9.21 crore.

Operating profit has improved significantly, rising from ₹8.15 crore in December 2024 to ₹14.42 crore in December 2025, while the operating profit margin (OPM) increased from 4.19% to 8.07%. This positive trend indicates a potential recovery for the company.

Precision Camshafts Ltd, a leading manufacturer of camshafts and critical engine components used in passenger and commercial vehicles, has an order book extended until 2032, with a lifetime potential of ₹1,500 crore. The company is also investing around ₹120 crore in capacity expansion and advanced manufacturing.

Notably, exports contribute around 50% of the company’s revenue, showcasing its strong engineering capabilities and its role in serving global automotive OEMs. This strategic focus on exports may help bolster its financial position further.

As Kedia’s investment unfolds, observers will be keen to see how Precision Camshafts Ltd capitalizes on its growth potential and navigates the challenges in the automotive sector. Details remain unconfirmed regarding any further investments or strategic changes that may arise from this acquisition.

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Adani Power shares fell as much as 2.5% to an intraday low of Rs 151 on the BSE on Wednesday, following a concerning financial report. This decline comes after the stock had gained over 7% on the exchanges prior to the downturn.

The company’s recent financial performance revealed a 19% year-on-year drop in its December quarter consolidated net profit, which stood at Rs 2,480 crore. Additionally, Adani Power reported a 9% year-on-year decrease in revenue from operations, amounting to Rs 12,451 crore.

During the trading session on 18 March 2026, Adani Power saw a total of 11,653,185 shares exchanged. The stock opened at ₹156.00 and reached an intraday high of ₹156.50 before retreating.

Despite the recent decline, Adani Power maintains a market capitalisation of approximately ₹2,93,802 crores. The company’s Mojo Score stands at 50.0, indicating a Hold rating.

In a statement, Adani Power remarked, “This achievement marks yet another PSA win for APL during a period of renewed surge in investments in the thermal power sector.” S B Khyalia, CEO of Adani Power, added, “We are swiftly securing long-term power purchase agreements for our upcoming capacities, with nearly half of our 23.7 GW expansion already tied up in PPAs with state DISCOMs.”

Adani Power has established itself as a leading provider of new generation capacity, supporting the nation’s goal of adding 100 GW of thermal power capacity by 2032. This strategic positioning may play a crucial role in the company’s future performance amid current market fluctuations.

As the situation develops, stakeholders will be closely monitoring the company’s financial health and stock performance in the coming weeks. Details remain unconfirmed regarding any potential recovery strategies that may be implemented to address the recent downturn.

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Before the recent developments, Adani Power’s share price was under pressure, reflecting a challenging financial environment. The company’s recent financial results for Q3 FY25-26 had shown a disappointing 17.6% decline in profit after tax (PAT) to ₹2,479.58 crores compared to the previous four-quarter average. This decline had raised concerns among investors about the company’s performance and future prospects.

However, a decisive moment came when Adani Power secured a significant contract to supply 1,600 MW of power under a 25-year Power Supply Agreement with the Maharashtra State Electricity Distribution Company Ltd. This contract is expected to enhance the company’s revenue stream and stabilize its financial outlook. Following this announcement, Adani Power shares were trading at ₹156.35, reflecting an increase of ₹2.25 or 1.46% during the session.

The stock opened at ₹155.80, compared to its previous close of ₹154.10, indicating a positive market reaction to the news. The competitive bidding process saw Adani Power offer a tariff of ₹5.30 per kWh, which was competitive enough to secure the contract. This strategic move is likely to bolster the company’s market position and investor confidence.

As a result of this contract win, Adani Power’s market capitalisation has reached ₹2,97,177 crores, indicating a strong market presence. The stock currently trades at ₹154.10, up 5.04% on the day, which suggests that investors are optimistic about the company’s future prospects following the contract announcement.

Moreover, Adani Power has a 52-week high of ₹182.75 and a low of ₹94.41, showcasing the volatility in its share price over the past year. Institutional investors hold 15.06% of Adani Power’s shares, reflecting a level of confidence from larger investment entities in the company’s potential for growth.

Experts suggest that this contract could be a turning point for Adani Power, providing a much-needed boost to its financial health. The positive movement in share price is indicative of renewed investor interest, which may lead to further investments in the company. However, the backdrop of disappointing financial results still looms, and it remains to be seen how effectively the company can leverage this new contract to improve its overall performance.

In summary, the recent developments surrounding Adani Power’s share price highlight a significant shift in market sentiment following the announcement of a major power supply contract. While the company faces challenges, this contract could pave the way for a more stable financial future. Details remain unconfirmed regarding the long-term impacts of this contract on the company’s profitability and share price stability.

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On March 16, 2026, Larsen & Toubro’s share price activity was highlighted by a surge in options trading, with the ₹3,600 strike leading the way. A total of 2,787 contracts were traded at this strike, generating a turnover of approximately ₹280.69 lakhs, indicating robust investor engagement in the stock.

Additionally, the ₹3,800 strike saw 2,564 contracts exchanged, with a turnover of ₹73.50 lakhs and an open interest of 7,916 contracts. The ₹3,500 strike also attracted significant attention, with 2,521 contracts traded and a turnover of ₹433.37 lakhs. This activity reflects a strong interest in the company’s options, particularly as the expiry date for these options approaches on March 30, 2026.

Despite this bullish options positioning, Larsen & Toubro’s stock price has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. On the same day, the stock outperformed its sector by 0.65%, registering a gain of 0.81%. This performance comes amid a broader market decline, as the BSE Sensex closed at 74,563.92, down 1.93%.

Delivery volumes for Larsen & Toubro on March 13 reached 81.51 lakh shares, marking a significant 345.68% rise over the five-day average. This spike in delivery volumes suggests that investors may be positioning themselves for potential future gains, despite the current challenges faced by the stock.

With a market capitalisation of ₹4,73,341 crore, Larsen & Toubro remains a significant player in the market. The company’s Mojo Score stands at 58.0, reflecting a Hold rating, which indicates a cautious outlook among analysts. The trading capacity of the stock is approximately ₹39.27 crore, based on 2% of the five-day average traded value.

Investors and analysts are closely monitoring the situation as the expiry date for options approaches, and further developments in the stock price are anticipated. The current market dynamics and options activity suggest that while there is interest in the stock, uncertainties remain regarding its future performance.

Details remain unconfirmed regarding the factors influencing the stock’s performance, but the options trading activity indicates that investors are actively engaged in positioning themselves ahead of potential market shifts.

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On March 12, 2026, two oil tankers carrying roughly 3 million barrels of West Asian oil successfully arrived in India after transiting the Strait of Hormuz. Among them, the Liberia-flagged Shenlong is transporting around 1 million barrels of Saudi Arabian crude oil, while an India-flagged VLCC is carrying approximately 2 million barrels of crude from Iraq.

The arrival of these tankers has raised hopes for enhanced energy supplies to India, which relies on imports for around 60% of its liquefied petroleum gas (LPG) requirement, with 90% of these imports passing through the Strait of Hormuz.

Diplomatic Engagements

India’s External Affairs Minister, Randhir Jaiswal, noted that he and Iran’s Foreign Minister have engaged in three conversations recently. “The objective of the diplomatic engagement was to keep the sea route open for Indian vessels so that shipments of crude oil and liquefied natural gas (LPG) continue without major disruption,” he stated.

However, disruptions linked to ongoing conflicts involving the US, Israel, and Iran, along with instability around the Strait of Hormuz, have triggered a shortage of commercial LPG in India. This situation has particularly affected the hospitality sector, which relies heavily on stable LPG supplies.

Market Response

On the same day, the Indian Oil Corporation (IOC) recorded a total traded volume of 56,34,938 shares. The stock opened at ₹157.40, reflecting a 2.01% decrease from the previous close of ₹160.63. The last traded price was ₹157.20, indicating a day’s loss of 1.43%. IOC currently holds a market capitalization of ₹2,26,928 crores.

Future Considerations

Details remain unconfirmed regarding the exact permission status from Iran for the two oil tankers to cross the Strait of Hormuz. Observers are also concerned about the long-term implications of the current disruptions in LPG supply, as India navigates its energy security amidst these challenges.

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On March 10, 2026, the stock rose by 7.10%, reaching a high of Rs 10,501 on the Bombay Stock Exchange (BSE). This surge comes after Nomura retained its ‘Buy’ rating on the company, forecasting a potential upside of 50% based on the latest market dynamics.

The immediate catalyst for this price movement was the approval from the Ministry of Electronics and Information Technology (MEITY) for a joint venture between Dixon Technologies and HKC Overseas Limited. This partnership aims to manufacture liquid crystal display modules and thin-film transistor liquid crystal display modules, which are essential components in the electronics market.

As of 9:44 AM IST on the same day, Dixon’s stock was trading at ₹10,286.00, reflecting an increase of ₹482.00 or 4.92%. The company’s market capitalisation now stands at approximately ₹62,550 crore, indicating robust investor confidence.

Nomura has set a target price of Rs 14,678 for Dixon Technologies, based on estimated earnings per share for FY28. The investment in the display manufacturing project is expected to be around Rs 1,200 crore, with trials for the display plant anticipated to commence in Q2 FY27.

Dixon will maintain a 74% ownership stake in the joint venture, which is expected to significantly enhance India’s domestic display ecosystem and reduce reliance on imports. Display module assembly, which constitutes about 10% of the bill of materials, typically offers healthy double-digit margins, further supporting the venture’s financial viability.

Nomura commented on the strategic importance of this development, stating, “This along with camera modules, which is already in ramp up stage, will increase value addition by Dixon and remains a longer-term structural margin tailwind, in our view.”

The joint venture is poised to strengthen manufacturing capacity across the electronics and automotive segments, aligning with India’s broader goals for self-sufficiency in technology production.

Overall, the approval clears a significant regulatory hurdle for Dixon’s planned expansion into display manufacturing, marking a pivotal moment for the company and its stakeholders.

Details remain unconfirmed regarding the timeline for the joint venture’s operational launch and its projected impact on the overall market.

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The stock rose 7.10%, reaching a high of Rs 10,501 on the Bombay Stock Exchange (BSE). As of 9:44 am IST, the stock traded at ₹10,286.00, reflecting a gain of ₹482.00 or 4.92%. This surge comes after Nomura retained its ‘Buy’ rating on Dixon Technologies, predicting a potential upside of 50% based on the company’s future performance.

Nomura has suggested a target price of Rs 14,678, which is based on estimated earnings per share for FY28. The firm highlighted that the joint venture will manufacture liquid crystal display modules and thin-film transistor liquid crystal display modules, which are essential components for the electronics industry.

Dixon Technologies is planning to invest approximately Rs 1,200 crore into the display manufacturing project, which aims to strengthen India’s domestic display ecosystem and reduce reliance on imports. The company’s market capitalisation currently stands at around ₹62,550 crore.

The approval from the Ministry of Electronics and Information Technology (MEITY) clears a significant regulatory hurdle for Dixon, allowing the company to expand its operations in display manufacturing. The joint venture is expected to enhance manufacturing capacity across the electronics and automotive segments.

Nomura noted that this strategic partnership, along with the ramp-up of camera modules, will increase value addition for Dixon and provide a longer-term structural margin tailwind. The display module assembly, which accounts for roughly 10% of the bill of materials, typically carries healthy double-digit margins.

As Dixon Technologies progresses with its plans, trials for the display plant are likely to commence in the second quarter of FY27. This development is anticipated to further solidify the company’s position in the electronics manufacturing sector.

Overall, the market’s positive reception of the joint venture reflects growing confidence in Dixon Technologies’ future prospects and its commitment to enhancing India’s manufacturing capabilities.

Details remain unconfirmed.

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Shares of State Bank of India (SBI) fell 5.60% to Rs 1,079.40 on the National Stock Exchange (NSE) during trading on March 9, 2026. This decline resulted in a significant loss of nearly Rs 62,352 crore in market capitalisation, prompting concerns among investors.

The stock opened at Rs 1,111.10, down from its previous close of Rs 1,143.55. Throughout the session, SBI’s shares reached an intraday high of Rs 1,113.60 and a low of Rs 1,064.25, reflecting the volatility in the market.

As a result of this decline, SBI’s valuation slipped below the Rs 10 lakh crore mark, now standing at approximately Rs 9.93 lakh crore. The bank’s 52-week high is recorded at Rs 1,234.80, while the 52-week low is Rs 719.20, indicating a challenging period for the stock.

The broader market environment has also been unfavorable, with the BSE PSU Bank index falling 5.65% amid a general sell-off in Indian equities. This downturn has been attributed to rising geopolitical tensions involving Iran, Israel, and the United States, which have led to an increase in crude oil prices.

Currently, SBI’s price-to-earnings (P/E) ratio is at 12.97, and its price-to-book (P/B) ratio stands at 2.14, reflecting its valuation metrics in the current market climate. Investors are closely monitoring these developments as they assess the bank’s performance and market position.

Details remain unconfirmed regarding the long-term implications of this decline on SBI’s market strategy and investor confidence. Observers are keen to see how the bank will navigate through this challenging period and whether it can recover in the coming sessions.

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On March 9, 2026, Oil India Ltd. recorded a total traded volume of 48,83,579 shares, reflecting active trading amid fluctuating market conditions.

The company opened at ₹503.0, marking a gap-up of 3.82% from the previous close of ₹484.5. However, the last traded price settled at ₹478.4, indicating a day-on-day decline of 1.15%.

The current market capitalisation of Oil India Ltd. stands at ₹78,817 crores. This decline in share price occurred despite the company being upgraded from a Sell to a Hold rating on January 28, 2026.

On the same day, the broader Sensex index declined by 2.88%, reflecting a challenging environment for many stocks. Oil India Ltd.’s 1-day return was -1.37%, underperforming its sector’s 1-day return of -1.21%.

Sector Performance

Crude oil prices have recently exceeded $115 per barrel, contributing to volatility in the oil sector. Companies such as Bharat Petroleum and Hindustan Petroleum Corporation have faced significant declines, with Bharat Petroleum sinking 7% to ₹328.15 and HPCL’s shares dropping 6.7% to ₹378.1.

Additionally, profit forecasts for FY27 have been lowered for major oil marketing companies, with Indian Oil Corporation’s forecasts down by 19%, Bharat Petroleum’s by 15%, and Hindustan Petroleum’s by 46%.

Geopolitical Factors

The escalating conflict in the Middle East has triggered supply concerns, benefiting companies like ONGC. UBS noted that “the risk to oil prices remains skewed to the upside,” while Equirus Securities commented on the historical volatility of oil markets in response to geopolitical conflicts.

Details remain unconfirmed regarding the long-term impact of these geopolitical tensions on oil prices and the future profit outlook for oil marketing companies if pump prices remain unchanged.

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