Stocks To Watch Today: Acme Solar, Indian Oil, Power Grid, Glenmark Pharma In Focus

Stocks to watch on April 2 would include stocks from the energy sector, the pharmaceutical sector, the banking sector, and the infrastructure sector. Indian equity markets will remain closed on April 3, 2026, on account of Good Friday.

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Key Corporate Developments

Acme Solar Holdings said its subsidiary ACME Sun Power Private Limited commissioned 33.333 MW/160.48 MWh capacity under its Battery Energy Storage System project in Rajasthan. This forms part of the total 300 MW/1409.34 MWh project.

Indian Oil Corporation reported its highest-ever refinery throughput of 75.4 million metric tonnes (MMT) in FY26, according to company data. Pipeline throughput also reached a record 105.3 MMT, with operational reliability at 99.5%.

Power Grid Corporation of India emerged as the successful bidder for an inter-state transmission project under tariff-based competitive bidding. The project involves strengthening the transmission system at Tumkur-II to integrate 2.7 GW of renewable energy capacity.

Glenmark Pharmaceuticals announced it will directly manage the commercialisation and distribution of its nasal spray Ryaltris in the U.S., marking a shift in its business strategy for that market.

Deals And Expansion Plans

Lupin said it will acquire a 43.38% stake in Multicare Pharmaceuticals Philippines Inc. in a deal valued at up to $39.6 million, as per company disclosure.

Lemon Tree Hotels signed a licence agreement for a new property, Keys Prima by Lemon Tree Hotels, in Srinagar. The property will be managed by its subsidiary Carnation Hotels Private Limited.

Inox Clean Energy acquired Vibrant Energy, a renewable energy independent power producer owned by Macquarie, at an enterprise value of about ₹5,000 crore.

Banking And Auto Stocks In Focus

The shares of Indian Bank, Karnataka Bank, and Karur Vysya Bank will be monitored after the announcement of the business updates for the January-March quarter.

Hero MotoCorp, Maruti Suzuki, and TVS Motor Company's auto shares will be in the news after the disclosure of the March 2026 sales figures.

Other Key Updates

YES Bank has appointed S Anantharaman as the new Chief Risk Officer. Latent View Analytics announced that its U.S.-based subsidiary has executed SAFE Notes worth $3 million for investment in Healtheon AI Inc., according to exchange filings.

Jubilant FoodWorks renewed its master franchise agreement for operating Domino’s stores in India for a period of 15 years.

These developments across sectors are expected to keep the mentioned stocks in focus during the trading session.