These 6 stocks from NIFTY 100 stayed resilient despite the US-Iran war, rallied up to 12% in March

The Indian benchmark indices are soaring over 2% on Wednesday afternoon as investors breathe a sigh of relief amid gathering momentum in de-escalation talks. The Iranian President stated that Iran has the will to end this war if guarantees are met. The US Secretary of War also stated that the US would like to end the war sooner rather than later in the coming few weeks.

The NIFTY50 jumped over 500 points and traded near 22,850 levels. Similarly, the SENSEX jumped 1,533 points up by 2.1% on Wednesday afternoon. The rally follows a volatile March, where both indices fell over 11%, marking the worst monthly selloff since March 2020. Along with the benchmark indices, the broader indices too rallied over 3% on Wednesday afternoon as investors preferred to add beaten-down names.

Despite the sharp fall in March, a few stocks posted a resilient performance in a gloomy environment. Here are seven stocks that rallied as much as 11% in March

Adani Power (+11.9%)

Adani Power shares traded over 3.4% higher on Wednesday afternoon, extending their rally from March 2026. The shares jumped 11.9% in March ahead of its inclusion in the F&O segment along with seven other stocks. During the period, the company secured power supply agreement for 25 years commencing in 2030-31 from Maharashtra State Electricity Distribution Company. Despite the intense selling pressure, positive business announcements kept the shares buoyant.

Avenue Supermarts (+10.3%)

Shares of India’s largest retail chain company, Avenue Supermarts (DMart) jumped 10.3% in March 2026 as investors turned their focus towards domestic-oriented businesses. Institutional and individual investors sought opportunities in stocks less prone to the geopolitical shocks. The shares rallied over 7% on Wednesday, most single day gain since February 2020 after company announced opening of new stores.

Coal India ltd (5.0%)

The state-run coal manufacturer shares were the third-highest gainer from the NIFTY 100 category, for March. The shares jumped 5% during the war period as investors pivoted towards coal alternative energy sources to gas and oil. Coal India plays vital role in driving India’s initiative to achieve 100 MT (million tonnes) of coal gasification by 2030. Alongside, shares were also in focus due to multiple corporate announcements during the month. The company signed an LoA worth ₹1057 crore with Telangana Power Generation Corporation for setting up of 750 MWh (187.5 MW for 4 hours) BESS Plant at Choutuppal.

Mazagon Dock Shipbuilders (+4.3%)

Mazagon Shipbuilders rallied 4.3% in March despite gloomy outlook for export trade sector. The domestic shipbuilding industry remained resilient against the headwinds arising out of Middle East. The company recently signed a contract with Shipping Corporation of India (SCI) for the construction and sale of one 3000 DWT Methanol Dual Fuel Platform Supply Vessel worth $39 million.

Tech Mahindra (+3.9%)

One of the top gainers in the IT sector, the Mahindra & Mahindra group subsidiary, Tech Mahindra posted a resilient show in March 2026 as investors favored beaten down IT stocks amid sharp depreciation currency. IT stocks have witnessed one of the sharpest correction in recent months amid the threats of AI models to traditional software services business model.

ONGC (+3.1%)

The Oil & Gas exploration company of Government of India, stood out as the primary beneficiary of the conflict, as crude oil prices skyrocketed over 60% in one month time frame. Experts believe, the supply shocks from the Strait of Hormuz are expected to remain elevated and the risks, acting as a tailwind for the upstream oil & gas companies like ONGC.