Stocks to Watch Today (March 12, 2026): IOCL, Mahanagar Gas, KEC International, Ashok Leyland, Wipro and more

Stocks to Watch Today (March 12, 2026): Indian markets may see stock-specific action on Thursday, March 12, with corporate announcements, board meetings and developments in the gas supply chain likely to influence investor sentiment. Here are the key stocks to track.

Indian Oil Corporation (IOCL)

Shares will trade ex-dividend today for an interim dividend of Rs 2 per share.

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Jagsonpal Pharmaceuticals

The company’s board will meet to consider a share buyback proposal.

Max Financial Services

The board will meet to consider a fund-raising proposal.

Mahanagar Gas

The company said gas supply will be prioritised for domestic PNG and CNG segments. Supply to industrial and commercial customers may be curtailed following government directives.

The company has started implementing the changes and is currently assessing the potential impact on its business. Some gas suppliers have also reduced supply to the company.

KEC International

The infrastructure company secured new orders worth around Rs 1,476 crore for its transmission and distribution business. The orders are from India, the Middle East, Africa and the Americas.

Omnitech Engineering

The company signed a master agreement worth around Rs 920 crore plus GST with Weatherford Products GmbH. The contract is valid for five years.

5paisa Capital

The board approved a Rs 4,688 crore rights issue at a price of about Rs 300 per share. The record date is March 17, 2026, while the issue will open on March 27.

The company will issue one rights share for every two shares held.

Ashok Leyland

The company conducted the ground-breaking ceremony for a greenfield battery pack manufacturing plant in Tamil Nadu. The project involves an investment of around Rs 400–500 crore and aims to strengthen the electric mobility ecosystem.

Wipro

Wipro signed a multi-year agreement with TruStage to transform its retirement services business.

Borosil group companies

Several companies in the Borosil group said they received communication from oil marketing companies about disruption in LPG supply due to geopolitical tensions in the Middle East.

Borosilicate glass furnace production has been halted temporarily, while opal glass furnaces are operating at reduced capacity.

Power Finance Corporation

The board will meet on March 17 to consider a fund-raising plan, the market borrowing programme for FY27 and an interim dividend.

REC Ltd

The company will hold a board meeting on March 16 to consider an interim dividend.

Redington

The Income Tax Department has withdrawn a tax demand of about Rs 230 crore against the company.

Voltas

The Department for Promotion of Industry and Internal Trade (DPIIT) signed a memorandum of understanding with the company to strengthen collaboration with startups.

Ramky Infrastructure

The board approved a proposal to acquire a company in the water and wastewater management segment in India.

Aether Industries

The company reported a fire incident at its external warehouse in Surat. The fire has been brought under control.

Canara Bank

The bank announced a revision in its marginal cost of funds-based lending rate (MCLR) effective March 12. The two-year MCLR has been increased to 8.95 per cent from 8.85 per cent earlier.

Vascon Engineers

The company secured a work order worth about Rs 116 crore from Ahmedabad Municipal Corporation to develop the Lotus Park building project.

Indo Tech Transformers

Renew Wind Energy cancelled an order worth about Rs 64 crore for transformer supply due to delays in the project.