Stocks to Watch for April 2: IOCL, Varun Beverages, Lupin, Bank & Auto Stocks and more

Stocks to Watch for April 2: IOCL, Varun Beverages, Lupin, Bank & Auto Stocks and more


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Indian Oil Corporation Ltd | The PSU reported a strong operational performance for FY26, with multiple segments delivering record volumes, led by refining, pipelines and marketing businesses. The company said its refineries achieved the highest-ever crude throughput of 75.4 million metric tonnes (MMT), supported by an operational reliability of 99.5%. Pipeline throughput also touched a record 105.3 MMT during the year.

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Varun Beverages | The firm has fixed Wednesday, April 8, 2026, as the record date to determine eligible shareholders for its final dividend for the financial year ended December 31, 2025, the company informed in an exchange filing.
The bottler for global giant Pepsi company will pay a final dividend of ₹0.50 per equity share of face value ₹2 each.

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Automotive Stocks: Honda Cars India, TVS Motor Company, Hero MotoCorp, Maruti Suzuki, Nissan Motor India, and Force Motors reported their March 2026 sales, keeping auto stocks in focus as investors track demand trends.

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Banking Stocks | Several banks such as Karur Vysya Bank, Indian Bank, Karnataka Bank and Tamilnad Mercantile Bank reported their January–March quarter business updates, putting their shares in focus ahead of Thursday’s trading session.

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Lupin | Drugmaker said its arm will acquire a 43.38% stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI) in a deal valued at up to US $39.6 million, as it moves to strengthen its presence in the Philippines market.

Mineral Control: Refined minerals used in batteries, magnets and semiconductor wafers form the first critical layer. This segment recorded $14.5 billion in global exports in 2024, with processing capacity heavily concentrated in China. Other contributors include Indonesia, Chile, Zimbabwe, Canada and Argentina, but control over refining — rather than mining alone — determines who anchors this defence-relevant industrial stage. (Image: Canva)

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NDMC | State-run miner reported a sharp rise in iron ore production and sales for March, with output and dispatches recording strong year-on-year growth, according to provisional data released by the company.

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Prestige Estates Projects Ltd | Prestige Group has secured a ₹4,200 crore development opportunity in Gurugram after signing a Joint Development Agreement (JDA) for a 17.212-acre land parcel in Sector 92, strengthening its NCR expansion strategy.

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Glenmark Pharma | Glenmark Pharmaceuticals Inc., USA, a subsidiary of Glenmark Pharmaceuticals Ltd, has announced a strategic shift to directly manage the end-to-end commercialisation and distribution of its nasal spray RYALTRIS in the United States from April 1, 2026, as part of efforts to strengthen its innovative portfolio and expand its commercial presence in the market.

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V-Mart Retail Ltd | Company reported a strong operational performance for the March quarter, with revenue growth supported by steady same-store sales and an aggressive store expansion strategy.

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TrueRE Oriana Power |  The company said in an exchange filing that it has signed a long-term green ammonia offtake agreement with Solar Energy Corporation of India (SECI) worth about ₹3,135 crore.



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