Stocks to watch, March 24: JBM Auto, Olectra Greentech, Wipro, HDFC Bank, CIL, OMCs, ONGC, OIL, IRFC, IndiGo, Asian Paints

In a regulatory filing dated March 23, the IT company stated that it launched the innovation lab as part of the Wipro Innovation Network (WIN) and its continued investment in “local talent to support South Korean clients locally and globally”.

The Bengaluru-based firm noted that the Seoul innovation facility will serve as a space for close collaboration with South Korean clients and ecosystem partners, “enabling co‑creation, rapid experimentation, and solution development".

Replying to supplementary queries during Question Hour, Minister of Housing and Urban Affairs Manohar Lal said Prime Minister Narendra Modi had, on August 16, 2023, announced the PM e-Bus Sewa scheme to provide mobility in smaller cities and tackle rising pollution.

Since states were unable to provide adequate finance for e-buses, a target of a total of 10,000 buses was put under the PM e-Bus Sewa scheme for towns with a population between 3 lakh and 40 lakh, he said.

The minister said states were told to give their demands, and a selection criterion was laid down, and buses were sanctioned on the recommendations of coordination committees.

Speaking on this occasion, Manoj Kumar Dubey, Chairman & Managing Director, IRFC, said, "IRFC is actively expanding its footprint by supporting critical infrastructure sectors that have strong linkages with the railways. This refinancing transaction with HURL reflects our whole-of-government approach, where we bring cost-effective, long-term financing solutions to strategically important sectors such as fertilisers. By enabling financial efficiency, we are also contributing to agricultural sustainability while strengthening logistics with railways at the core.”

The bank, in an exchange filing on March 24, said that Chakraborty, in his resignation letter, did not mention any happenings and practices which were "not in congruence with his personal values and ethics".

The stock has declined 12.19% in the past week, while it has fallen 18.47% in a month. Year-to-date, it is down 25.11%.

The scrip had hit its 52-week low of ₹741.05 apiece on March 23, 2026, while a year's high of ₹1,020.50 per unit was recorded on October 23, 2025.

The appointment comes less than two weeks after the sudden resignation of IndiGo's CEO Pieter Elbers.

"Singh will lead the company's long-term strategic planning function and drive enterprise-wide transformation initiatives focused on accelerating growth, enhancing operational efficiency, and strengthening competitive positioning in a rapidly evolving global aviation landscape.

"He will partner closely with the leadership team on cross-functional priorities designed to improve agility, elevate customer experience, and deliver sustainable shareholder value," IndiGo said in a statement.

Post this expansion, Birla Corporation Limited’s consolidated production capacity stands at 21.4 mt, and, as announced by the company earlier, it is to be further expanded to 27.6 mt by 2028-29. The estimated cost of the Kundanganj expansion is around ₹300 crore.

The crash in crude oil prices follows the latest update about the conflict in West Asia.