The Nepal Stock Exchange (NEPSE) has kicked off March 2026 with a surge of energy. Following a significant political shift that saw the Rastriya Swatantra Party (RSP) gain a strong foothold, investor sentiment has skyrocketed. The benchmark index recently crossed the 2,800 mark, fueled by hopes of more stable governance and economic reform.
While the market is “feasting” on optimism, smart investors know that sentiment gets you in the door, but fundamentals keep you in the house. Here is a breakdown of the sectors and stocks showing the most promise this month.

1. Commercial Banks: The Value Play
Despite the hype in speculative sectors, commercial banks remain the backbone of a safe portfolio. Many are currently trading at attractive Price-to-Earnings (P/E) ratios compared to the rest of the market.
- Nabil Bank (NABIL): Still a market leader in terms of capitalization and consistent dividend history.
- Everest Bank (EBL): Noted for its high profit margins and strong financial health in recent quarterly reports.
- Agricultural Development Bank (ADBL): Currently showing strong fundamental signals with a healthy dividend yield around 4.1%.
2. Hydropower: The Momentum King
The hydropower sector continues to dominate turnover, often accounting for the lion’s share of daily trading volume.
- Chilime Hydropower (CHCL): A perennial favorite for long-term investors due to its strong reserves and consistent performance.
- Solu Khola (SOHL): Recently hit positive circuit limits (10% gain), showing massive short-term momentum.
- Ngadi Group Power (NGPL): Frequently appears in the top turnover lists, making it a high-liquidity choice for traders.
3. Development Banks & Finance
These sectors have seen a sharp uptick in March. Saptakoshi Development Bank (SAPDBL) and Salapa Development Bank have recently posted near 10% daily gains, reflecting a “risk-on” appetite among retail investors.
Best Stocks to Buy in NEPSE: March 2026

| Symbol | Sector | LTP (NPR) | Dividend Yield | Signal |
| ADBL | Banking | 317.00 | 4.1% | Fundamental Buy |
| CHCL | Hydropower | 508.60 | 2.36% | Long-term Hold |
| NABIL | Banking | 530.50 | Consistent | Blue Chip |
| SABBL | Dev. Bank | 1,043.40 | High Growth |
Frequently Asked Questions
Is it a good time to buy stocks in NEPSE right now (March 2026)?

Yes, but with caution. The NEPSE index is currently in a strong bullish phase, recently crossing 2,824 points. While the momentum is high due to political stability and lower interest rates, it is best to use a “buy on dip” strategy rather than chasing stocks that have already hit their 10% daily upper circuit.
Which sectors are performing best in the 2026 bull run?

Currently, Hydropower and Development Banks are leading in terms of daily gains and turnover. However, the Banking sector is gaining traction as a “haven” due to attractive valuations and stable dividends, especially as commercial banks have started reducing fixed deposit interest rates for the month of Chaitra.
Are there any upcoming IPOs in March 2026?
Yes, the primary market is very active. Notable upcoming issues include Sopan Pharmaceuticals (opening March 23) and Sanigad Hydro. Additionally, several local issues for projects like Taksar and Kalanga Hydro are currently open for application via MeroShare.
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