Top Stocks That Delivered 10%+ Returns in March 2026

Below is a detailed look at eight stocks that delivered over 10% monthly returns by March 30, 2026, based on Rate of Change (ROC) momentum data.

Premier Energies (+21.98%)

The biggest mover of the month was Premier Energies, which clocked a staggering 21.98% gain by the time March closed out. The Hyderabad-based integrated solar manufacturer has been through a rough patch since hitting an all-time high near ₹1,388 in December 2024. The stock had fallen sharply, touching lows close to ₹660 before finding its footing again. But March appears to have been the turning point.

A series of major order wins played a significant role in driving sentiment. The company secured orders worth ₹2,307 crore during Q3 FY26, with execution scheduled over FY27–28. It also commissioned a new 400 MW solar cell manufacturing facility at its E-City plant in Maheshwaram, Telangana, a concrete milestone in its plan to scale up to 10.6 GW of solar cell capacity by September 2026. The company's Q3 net income of ₹3.92 billion reflected genuine operational momentum, not just market optimism. With promoter holding steady at 63.9% and revenue doubling year-over-year in FY24, Premier Energies is building a compelling long-term case, even if near-term volatility remains high.

Acutaas Chemicals (+18.52%)

Not many investors would have predicted a specialty chemicals company making it to the top of the March leaderboard, but Acutaas Chemicals, formerly Ami Organics, delivered an 18.52% gain last month. The company has been on a strong trajectory, with its one-year return sitting at over 109% and a market cap crossing ₹19,000 crore.

The Surat-based manufacturer makes pharmaceutical intermediates used in APIs spanning over 23 therapeutic areas, including anti-retroviral, anti-cancer, anti-Parkinson's, and anti-coagulant drugs. But what has been catching analysts' attention lately is its expanding footprint in specialty chemicals for battery applications, semiconductor photoresists, and agrochemicals. Revenue grew 43.8% year-on-year in Q3 FY26, and net profit jumped 133.8% during the same period. The company's Rs 220 crore capex plan for FY26, with part of it allocated to its Indochem JV focused on battery chemicals, signals a calculated bet on segments that are expected to see meaningful demand over the next few years. With FII holding at 16.7% and mutual funds at 15.11%, institutional confidence in this stock remains firm.

Jain Resource Recycling (+15.42%)

Jain Resource Recycling is one of the newer entrants to the listed space, having completed its IPO in September 2025 at ₹232 per share. By March 30, 2026, the stock had delivered 15.42% in a single month, quite the statement for a company still finding its footing in the public markets. The Chennai-headquartered firm operates in a space that often flies under the radar: non-ferrous metal recycling.

The company recycles lead, copper, and aluminium scrap and produces refined metal products, with its lead ingots carrying the distinction of being London Metal Exchange (LME) registered. That's not just a certification; it's a direct pass to international buyers who demand quality assurance. Around 60% of its output is exported to marquee clients including Vedanta-Sterlite, Luminous Power, and Mitsubishi. With three facilities in Tamil Nadu and a JV agreement signed in October 2025 expanding its operational capacity, the company is building scale fast. Net income grew 73.19% sequentially in the most recent quarter, and the ₹500 crore in fresh IPO proceeds is being used to chip away at its ₹1,040 crore debt load. The circular economy narrative is working in its favour with institutional investors.

Waaree Energies +(14.78%)

India's largest solar module manufacturer by capacity had an eventful March. Waaree Energies notched a 14.78% monthly gain, and a buy signal was triggered on March 9, 2026, from a pivot bottom — from which the stock subsequently rallied over 24% in the weeks that followed. The company, which operates out of Mumbai and was originally incorporated in 1990, has transformed itself into a full-spectrum renewable energy company with close to ₹93,000 crore in market capitalisation.

March saw significant leadership changes at Waaree. CEO Amit Paithankar was relieved on March 20, replaced by Jignesh Rathod who has been with the company since 2007 and understands its manufacturing operations intimately. CFO Sonal Shrivastava also stepped down, with Abhishek Pareek, a two-decade finance veteran, taking over. While leadership transitions can sometimes unsettle investors, the market appeared to treat this as a planned, smooth handover. The company's FY26 full-year numbers were strong: revenue of ₹14,846 crore and net profit of ₹1,928 crore. An upcoming ₹3,900 crore glass plant under its Waaree Green Glass subsidiary and the recent 3,000 MW/year module expansion in Kutch add to the growth pipeline.

Emmvee Photovoltaic Power (+11.36%)

Emmvee Photovoltaic Power gained 11.36% in March, not as flashy as some others on this list, but meaningful for a company that has been part of the solar sector's growth story for nearly two decades. Incorporated in 2007, Emmvee is India's second-largest pure-play integrated solar cell and module manufacturer by capacity. It operates in the TOPCon solar cell segment, which represents next-generation photovoltaic technology with higher efficiency compared to older PERC cells.

The stock had some noise around it in March, a customs order carrying penalties was disclosed on March 16, and the company issued a clarification about a Moneycontrol article the following day. Despite this, the market responded positively to the company's fundamentals. With revenue at ₹2,336 crore, profit at ₹369 crore, and promoter holding firm at 80%, Emmvee has the makings of a solid business. JM Financial and Kotak Securities have both initiated coverage on the solar sector broadly, and Emmvee has been part of those conversations. The company is a constituent of Nifty 500, Nifty Smallcap 250, and Nifty Total Market indices.

Urban Company (+10.98%)

Urban Company, formerly UrbanClap Technologies, made its mark as the only platform/tech play on this list, posting an 10.98% gain in March. The Gurugram-based company listed in 2025 and operates as a tech platform connecting skilled service professionals (plumbers, electricians, beauticians, appliance repair technicians) with urban households across India and internationally.

The stock had hit its all-time low of ₹100.70 on March 4, 2026, making the March recovery all the more notable. A key development during the month was InstaHelp, Urban Company's on-demand service vertical, surpassing 1 million monthly delivered bookings in March, operating across five cities. That kind of operational metric is exactly what loss-making, growth-stage companies need to show investors to maintain credibility. SBI Mutual Fund had increased its stake by ₹600 crore earlier in the year, a vote of confidence that supported the stock's base. The company is currently loss-making (EPS of -₹0.14 per share in Q3), and multiple analyst meetings were scheduled in late March, signalling efforts to rebuild investor confidence heading into FY27.

ACME Solar Holdings (+10.85%)

ACME Solar Holdings, one of India's largest solar independent power producers (IPPs), delivered 10.85% in March. The Gurugram-based company, founded in 2003, currently owns and operates 2,540 MW of installed solar capacity and has another 3,780 MW under development. The company also operates in wind and hybrid power generation segments — giving it a diversified clean energy portfolio.

February 2026 saw the company win two large tenders — a 301 MW FDRE-VII project from SECI and a 220 MW Solar + BESS project — adding considerable revenue visibility to its pipeline. Net profit for Q3 FY26 came in at ₹113.71 crore, up 1.47% year-on-year, with the company sitting on a market cap of approximately ₹17,400 crore. The analyst consensus target sits at ₹325, representing meaningful upside from where it traded in late March. Promoter holding at 83.3% is notably high, leaving limited float — which can amplify price moves in either direction. With the government pushing hard on renewable energy targets and ACME's project pipeline expanding, the stock has a clear fundamental story to tell.

Zydus Wellness (+10.77%)

Rounding out the list with a 10.77% gain is Zydus Wellness — the most distinct name here given it has nothing to do with energy or industrial manufacturing. The Ahmedabad-based consumer health and wellness company owns beloved Indian brands like Glucon-D, Sugar Free, EverYuth, Complan, and Nycil. It is a subsidiary of Zydus Lifesciences and caters to a broad, India-wide consumer base.

March saw Zydus Wellness spike 9% intraday on March 13, with the stock being the biggest gainer in BSE's A-group that day. The recovery gathered momentum as investors began pricing in the company's structural story: revenue was up 2.22% to ₹857.70 crore in Q1 FY26, and the company had been publicly embracing sustainable manufacturing practices. Three designated persons at the company purchased shares in open market transactions between March 2 and March 9 — a minor but psychologically positive signal for retail investors tracking insider activity. While Q3 FY26 profit declined sharply, sequential improvement was visible. The company's 52-week low of ₹320.66 had established a price floor, and the March rally pushed it firmly back into recovery territory.

What the March Rally in These Stocks Tells Us

Looking at the list as a whole, a clear pattern emerges, six of the eight stocks are directly linked to India’s clean energy push, spanning solar manufacturing, recycling, and power generation. This is no coincidence. India’s March 2026 move to mandate locally sourced solar ingots and wafers from June 2028 has reinforced its ambition to build a self-reliant renewable ecosystem, triggering a broad re-rating across the value chain.

This trend has been further amplified by global developments. Rising tensions between the United States and Iran, along with disruptions around the Strait of Hormuz, a critical oil transit route, have heightened concerns over crude supply and price volatility. For an import-dependent country like India, this strengthens the case for accelerating renewable adoption. At the same time, stocks like Acutaas Chemicals and Zydus Wellness highlight that strong returns are also driven by fundamentals, institutional flows, and stock-specific triggers, reminding investors that markets move on a mix of macro tailwinds and company-level factors.