Stocks in focus today: HDFC Bank, South Indian Bank, PFC, Castrol India, Vedanta, MM Forgings, RITES, Texmaco Rail, P N Gadgil Jewellers, India Glycols- Grow Mudra

Stocks in focus today: HDFC Bank, South Indian Bank, PFC, Castrol India, Vedanta, MM Forgings, RITES, Texmaco Rail, P N Gadgil Jewellers, India Glycols

23 Mar , 2026 By : Suparna Basu

Let's catch up on the latest news from the stock market.

From significant investments to major deals, quarterly earnings, appointments, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

HDFC Bank: HDFC Bank is currently navigating a leadership transition following the resignation of Chairman Atanu Chakraborty, who cited differences related to personal values, ethics, and certain internal practices. In a related development, the bank has terminated three senior executives in connection with lapses identified at its Dubai branch. The Reserve Bank of India has since clarified that there are no material concerns regarding the bank's conduct, governance, or financial position. Keki Mistry has been appointed as the interim non-executive chairman for a period of three months to ensure continuity during this phase.

South Indian Bank: V.J. Kurian retires as Non-Executive Part-Time Chairman on March 22. Jose Joseph Kattoor (ex-RBI Executive Director) has been appointed, effective March 23, for 3 years (RBI-approved). Senior management elevations were also approved from April 1.

MM Forgings: Board meeting intimated for March 25 to consider raising funds via equity issuance, subject to approvals.

RITES: It has secured LoA for the maintenance of Indian Railways’ 1st high-speed test track. The 64-km-long dedicated test track is developed by RDSO and is designed for comprehensive testing of rolling stock.

P N Gadgil Jewellers Store: The company has executed a retail expansion in the jewellery chain with two new stores in Maharashtra.

Kirloskar Pneumatic: The Company announced allotment of 6,100 shares under ESOP/ESOS.

GE Vernova T&D India: The post-ballot results include updates on having appointed Rashmi Joshi as Independent Director for five years and re-appointed Sandeep Zanzaria as Managing Director & CEO for three years, while also approving related party transactions with UK Grid Solutions Limited.

Tata Steel: The company has commissioned a Rs 3,200 crore project in Punjab, introducing scrap-based EAF technology for low-carbon steel production.

Bulk Deals

Ashish Kacholia (ace investor) sold 10.78 lakh shares (8.25% stake) in Naman Industries Proxima at Rs 53.41 per share for Rs 5.76 crore, while buying 7.73 lakh shares in Aelea Commodities at Rs 120.5 per share for Rs 9.32 crore.

Vanguard Total International Stock Index Fund sold 7.21 lakh shares (0.53% stake) in NIIT at Rs 59.77 per share for Rs 4.31 crore.

Norges Bank sold 60.99 lakh shares (0.63% stake) in Zee Entertainment at Rs 72.73 per share for Rs 44.36 crore. FII exit pressure on media stock.

Chanakya Opportunities Fund I offloaded 2.49 lakh shares (1.07%) in Tridhya Tech at Rs 8.15 for Rs 20.29 lakh.

India Capital Management bought 1.64 lakh shares (0.61%) in Ganesha Ecosphere at Rs 828 for Rs 13.60 crore.

Pine Oak Global Fund sold 3.95 lakh shares (1.85%) in Monika Alcobev at Rs 240 for Rs 9.48 crore.

Stocks Trade Ex-Dividend

Power Finance Corporation: Interim dividend Rs 3.25/share — ex-date and record date March 23.

Castrol India: Final dividend Rs 5.25/share — ex-date March 23.

India Glycols: Interim dividend Rs 7.50/share — ex-date March 23.

Vedanta: Board meeting today (March 23) to consider 3rd interim dividend — potential ex-date/record implications post-decision.

Stock Trades Ex-Date for Rights

TIL Ltd