Overnight Digest: Stocks to Watch on Monday – March 30, 2026
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Markets fell sharply last week as geopolitical risks and a weak rupee weighed on investor sentiment. Key stocks like Pee Cee Cosma Sope, Happiest Minds, Coal India, and Prestige Estates offer potential opportunities for Monday.
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Indian equity benchmarks ended sharply lower on Friday, March 27, with the Nifty 50 and Sensex declining over 2 per cent each. The complete week saw volatility across the trading sessions.
Global developments continued to weigh on markets. U.S. President Donald Trump indicated an extension of the pause on attacks targeting Iran’s energy infrastructure into April, stating that negotiations were progressing well. However, Iran termed the U.S. proposal as “one-sided and unfair” and continued strikes on U.S. and Israeli bases, keeping geopolitical tensions elevated.
Meanwhile, in response to rising global crude oil prices and pressure on oil marketing companies, the government reduced the Special Additional Excise Duty (SAED) on petrol and diesel by Rs 10 per litre each.
Keeping these developments in mind, let’s have a look at some shares that will be exciting to watch on Monday:
Pee Cee Cosma Sope has incorporated a wholly owned subsidiary (WOS) by the name Pee Cee Energy and Realty. The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on March 27, 2026. The company will be engaged, inter alia, in the business of energy, realty, and related trading of materials.
Pee Cee Cosma Sope Ltd ended the session at Rs 320.95, up Rs 9.80 or 3.15 per cent, reflecting positive investor sentiment following the announcement of its wholly owned subsidiary, Pee Cee Energy and Realty.
Happiest Minds Technologies Ltd
The Indian rupee fell to a record low of 94.70 against the USD, amid concerns over prolonged geopolitical risks. Additionally, Happiest Minds Technologies Ltd announced a strategic partnership with UnifyApps, the AI Agent and App Builder Platform for the enterprise. Through this collaboration, Happiest Minds will use UnifyApps’ AI OS architecture and horizontal platform to help enterprises transform into AI-native organisations. The partnership will enable clients to unify enterprise knowledge, actionability, and governance through an AI OS architecture that allows enterprises to rewire their business and transition GenAI initiatives from pilots to secure, scalable, production-grade deployments.
Happiest Minds Technologies Ltd closed at Rs 389.40, down Rs 10.00 or 2.50 per cent, as the market reacted to currency headwinds with the Indian rupee hitting a record low against the USD, despite the strategic AI partnership announcement.
Coal India Ltd, in a move aimed at improving the quality of its coking coal, will be setting up eight new coking coal washeries at an estimated capital outlay of Rs 3,300 crore. Expected to be operational by 2029-30, these would have a combined washing capacity of 21.5 million tonnes per year (MT/Y). The upcoming coking coal washeries are in addition to the ten that CIL already operates, having a cumulative capacity of 18.35 MT/Y. The Maharatna coal miner will also invest Rs 300 crore in renovation and modernisation of the existing coking coal washeries to ensure their optimal and gainful utilisation. Of the eight new washeries, five will be set up in Central Coalfields Limited (14.5 MT/Y) and three in Bharat Coking Coal Limited (7 MT/Y).
Coal India Ltd (CIL) marginally gained to Rs 445.15, up Rs 1.40 or 0.32 per cent, as investors welcomed the company’s plans to expand coking coal washeries and modernise existing facilities.
Prestige Group, one of India’s leading Real Estate developers, and Arihant Group, a reputed Chennai-based real estate company, have jointly acquired a prime 16.331-acre land parcel in Padi, Chennai. The acquisition has been undertaken through Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations and Housing Ltd. The land parcel is proposed to be developed into a premium residential project with a total saleable area of about 3.6 million square feet and an estimated revenue potential of approximately Rs 5,000 crore.
Prestige Estates Projects Ltd slipped to Rs 1,172.70, down Rs 55.05 or 4.48 per cent, on profit-taking pressure, even after the joint acquisition of a prime 16.331-acre land parcel in Padi, Chennai.
Disclaimer: The article is for informational purposes only and not investment advice.