Key Stocks to Monitor: Acme Solar, Indian Oil, Glenmark Pharma Amid Market Volatility

Q: What are the significant achievements reported by Indian Oil Corporation?

Indian Oil Corporation reported record crude throughput of **75.4 million metric tonnes** and pipeline throughput of **105.3 million metric tonnes** for FY26.

Original: Stocks to Watch today: Acme Solar, Indian Oil, Power Grid, Glenmark Pharma

Business Standard•Apr 2, 20264 min

In a Nutshell

On April 2, 2026, Indian equity markets are expected to open lower, influenced by global market trends and US political developments. Notable stocks to watch include Acme Solar, which has commissioned a new energy project, and Indian Oil, reporting record crude throughput. Investors should also keep an eye on Glenmark Pharma's strategic shift in the U.S. market.

Key Points

01GIFT Nifty futures indicate a negative start for Indian equity markets, down 361 points.
02Indian Oil Corporation achieved record crude throughput of 75.4 million metric tonnes.
03Acme Solar commissioned a new 33.333 MW phase of its energy storage project in Rajasthan.
04Glenmark Pharmaceuticals is shifting to direct management of its nasal spray Ryaltris in the U.S.
05Lupin is acquiring a 43.38% stake in Multicare Pharmaceuticals for up to $39.6 million.

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Full Summary

On April 2, 2026, GIFT Nifty futures indicated a negative start for the Indian equity markets, down 361 points at 22,439. This decline follows comments from U.S. President Donald Trump regarding the Iran conflict, which impacted global markets, including a 1.4% drop in Japan's Nikkei 225. Noteworthy stocks include Indian Oil Corporation, which reported a record crude throughput of 75.4 million metric tonnes and pipeline throughput of 105.3 million metric tonnes for FY26. Acme Solar Holdings has commissioned a new phase of its 300 MW Battery Energy Storage System project in Rajasthan. Additionally, Glenmark Pharmaceuticals announced a strategic shift to directly manage its nasal spray Ryaltris in the United States, while Lupin is acquiring a 43.38% stake in Multicare Pharmaceuticals for up to $39.6 million. Investors should also monitor banking and auto stocks following recent business updates.

Key Figures

75.4 million metric tonnes

Record crude throughput by Indian Oil Corporation

33.333 MW

Capacity of the new phase commissioned by Acme Solar

$39.6 million

Value of Lupin's acquisition in Multicare Pharmaceuticals

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Why It Matters

The fluctuations in stock prices could affect investor sentiment and market confidence, impacting individual investors and financial institutions.

Who is affected

Investors, financial institutions, and stakeholders in the energy and pharmaceutical sectors.

What to know

Investors should review their portfolios and consider market trends before making investment decisions.

FAQ

The negative start was influenced by global market trends, particularly comments from U.S. President Donald Trump regarding the Iran conflict.

Indian Oil Corporation reported record crude throughput of 75.4 million metric tonnes and pipeline throughput of 105.3 million metric tonnes for FY26.

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