Overnight Digest: Stock to Watch on March 12, 2026

The benchmark indices reflected the cautious mood: the NIFTY 50 fell by 1.63 per cent, while the SENSEX dropped 1.72 per cent, tracking losses in global markets and concerns over energy costs.

Despite the broader market decline, certain shares saw gains. This is due to the government’s announcement of the Jal Jeevan Mission 2.0 extension and a rise in LPG prices in India.

Let’s have a look at the key stocks to watch on Thursday, March 12, 2026.

Jindal Saw Limited - On March 10, 2026, the Union Cabinet, led by Prime Minister Narendra Modi, approved a plan to change the Jal Jeevan Mission (JJM) from just building water infrastructure to focusing on actually delivering water services to people. The plan will also strengthen water management and set up systems to make sure rural communities get safe and reliable piped drinking water for the long term. The Cabinet has approved the enhancement of total outlay to Rs 8.69 lakh crore with total central assistance of Rs 3.59 lakh crore enhancing from Rs 2.08 lakh crore approved in 2019-20. This has resulted in an addition of Rs 1.51 lakh crore.

Jindal Saw share price closed at Rs 198.04 today, up Rs 32.19 or 19.41 per cent from the previous session.

Dilip Buildcon - Dilip Buildcon Ltd secures Rs 1,850 crore LOI from REC Power Development for the 400 kV Mekhali Sub-Station project in Karnataka, with the share price rising over 1 per cent following the announcement. The order was awarded by REC Power Development and Consultancy Limited (RECPDCL), acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka. The EPC value for DBL (without GST) is approximately Rs 1,850 crore. Under the terms of the LOI, Dilip Buildcon Ltd will acquire 100 per cent equity shares of the Project SPV and act as the Transmission Service Provider (TSP). The Construction and commissioning of the project are scheduled to be completed within 24 months from the Effective Date.

The Dilip Buildcon Limited share closed lower on Wednesday, March 11, 2026, at Rs 452.90, down 1.29 per cent from the previous close.

Stove Kraft Limited - Oil and natural gas companies in India have increased the prices of LPG cylinders due to the ongoing Iran-Israel conflict. The price hike has drawn nationwide attention, with long queues visible outside gas agencies. The issue was also discussed in Parliament on March 11, 2026, when the Congress-led opposition raised concerns about the rising LPG costs. Domestic LPG prices were increased by Rs 60 in cities, with a 14.2-kg non-subsidised cylinder costing Rs 913 in Delhi. Commercial 19-kg cylinders went up by about Rs 114-115, priced at Rs 1,883 in Delhi. Reports also say that many hotels and restaurants in Mumbai, Bengaluru, and other major cities are facing LPG shortages.

The Stove Kraft Limited share closed significantly higher on Wednesday, March 11, 2026, at ₹544.95, up 12.06% from the previous close.

Waaree Renewable Technologies Limited - The company has signed a contract for the Engineering, Procurement, and Construction (EPC) of a ground-mounted Solar photovoltaic (PV) plant. The project will have a capacity of 300 MWac / 420 MWp. According to the company, the project is expected to be completed in the financial year 2027-28. Another major development is the rising share of Foreign Institutional Investors (FIIs). FIIs' shareholding increased from 1.38 per cent in September 2025 to 1.70 per cent in December 2025.

The Waaree Renewable Technologies Limited share closed higher on Wednesday, March 11, 2026, at Rs 821.05, rising 2.99 per cent from the previous session.

Blue Star Limited - Room air-conditioner makers have begun raising prices by 5–15 per cent between February and April as higher raw material costs, a weaker rupee and new energy- efficiency norms push up manufacturing expenses ahead of the peak summer season. Leading players have announced price increases across models, citing higher costs of key raw materials such as copper, rising freight charges and the impact of new energy-efficiency standards.

The Blue Star Limited share closed higher on Wednesday, March 11, 2026, ending at Rs 1,941.10, up 2.82 per cent from the previous close.

Disclaimer: The article is for informational purposes only and not investment advice.