🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Indian Oil Corporation (IOCL): The energy major achieved a record performance in FY26, processing 75.4 MMT of crude oil with a 99.5% operational efficiency. Total petroleum product sales reached a new high of 104.4 MMT, reflecting a 4% growth over the previous year.
• TVS Motor Company: Reported a strong 25% YoY growth in March 2026 sales, with 5.19 lakh units sold. Notably, its electric vehicle sales surged 44% to 38,877 units, signaling a successful transition in the two-wheeler segment.
• Adani Power: The company received a Letter of Award to supply 2,500 MW of renewable energy round-the-clock to Maharashtra State Electricity Distribution Company for a 25-year period.
• Lupin Ltd: Completed the acquisition of VISUfarma B.V., a leading European specialty pharmaceutical company. The move expands Lupin’s ophthalmology portfolio to over 60 branded products across Europe.
• HDFC Bank: In its Q4 business update, the private lender reported a 12% YoY increase in gross advances to ₹29.60 lakh crore, supported by healthy deposit growth and stable balance sheet expansion.
• Infrastructure Sector: J Kumar Infraprojects secured a ₹1,184 crore contract for an international exhibition centre in Lucknow, while GR Infraprojects signed a ₹1,897.51 crore EPC agreement with West Central Railway.
• Astra Microwave Products: Its joint venture, Astra Rafael Comsys, secured a ₹250.58 crore order from Hindustan Aeronautics Ltd (HAL) for the supply of Software Defined Radios.

Neutral Developments

• Manufacturing PMI: India's manufacturing activity moderated to a 45-month low of 53.9. While still in expansion territory, the slowdown reflects the impact of global supply chain disruptions.
• Karnatak Bank: The stock will be in focus following its provisional Q4FY26 business update, which indicates steady operational growth in line with industry standards.
• Avenue Supermarts (DMart): Analysts have noted a constructive bullish setup for the retail giant as it reclaims key short-term moving averages after a consolidation phase near the ₹4,000 support level.

Negative News

• Granules India: The company's Chantilly facility in the US was inspected by the US FDA, resulting in four observations. Investors will monitor the outcome for potential impacts on future regulatory approvals.
• Geopolitical Pressures: Renewed tensions in West Asia have pushed Brent crude prices toward the $100/bbl mark, leading to a 2.04% rise in the India VIX, indicating heightened market volatility.
• FII Outflows: Foreign Institutional Investors continue to be net sellers, offloading significant stakes in the previous week, which may cap the upside for Nifty 50 near the 22,800–23,000 resistance zone.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex