🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Aurobindo Pharma: The board has approved a buyback of up to 54.23 lakh shares at a price of ₹1,475 per share, totaling ₹800 crore. Additionally, its subsidiary CuraTeQ Biologics reported positive Phase 3 clinical trial results for its Omalizumab biosimilar.
• Nykaa (FSN E-Commerce): The company expects its fastest quarterly revenue growth in three years for Q4 FY26, with net revenue projected to grow in the late-20% range, driven by strong demand in the fashion and beauty segments.
• RBL Bank: Reported a robust Q4 business update with total deposits increasing 25% YoY to ₹1,390.37 billion and gross advances growing 22% YoY, supported by strong traction in secured retail lending.
• Adani Power: Secured a significant long-term contract to supply 2,500 MW of renewable energy round-the-clock power to Maharashtra State Electricity Distribution Company for a period of 25 years.
• Prestige Estates: Launched a massive township project, 'Prestige Golden Grove', in Hyderabad with an estimated gross development value (GDV) of ₹9,500 crore.
• NMDC: The state-owned miner has hiked iron ore prices by up to 11.1% effective from April 5, 2026, which is expected to boost realizations in the coming quarter.
• Tata Motors: Q4 passenger vehicle production showed strong momentum, with compact vehicle output up 13% and Utility Vehicle (UV2) production surging 71% YoY.
• PC Jeweller: Reported a 32% YoY jump in Q4 revenue and a 49% increase for the full year FY26. The company also successfully reduced its bank debt by 23% during the quarter.
• Infrastructure Gains: GR Infraprojects signed an EPC agreement worth ₹1,897 crore for a new railway line, while J Kumar Infraprojects secured a contract worth ₹1,184 crore for an exhibition centre in Lucknow.

Neutral Developments

• IFCI: The Government of India has appointed Manikumar Sivaramakrishnan, formerly of NABARD, as the Deputy Managing Director for a three-year term.
• Jubilant FoodWorks: Reported a 19.1% YoY rise in consolidated revenue to ₹2,505.8 crore for Q4, though like-for-like growth remained relatively modest.
• Godrej Consumer Products: The company expects double-digit sales growth in its standalone business but warned that rising input costs, particularly in crude and palm oil, may weigh on profit margins.
• HDFC Bank: Reported steady growth in its Q4 update with gross advances increasing 12% YoY to ₹29.60 lakh crore and healthy deposit growth.

Negative News

• IT Sector: Ahead of TCS kicking off the earnings season on April 9, analysts have flagged a subdued Q4 outlook for the sector. Revenue growth is expected to be muted due to geopolitical uncertainties and cautious discretionary spending by global clients.
• Oil & Gas Stocks: The sector remains under pressure as global crude prices (Brent) hover around $110 per barrel amid ongoing geopolitical tensions and supply chain concerns.
• Reliance Industries: Shares ended as a major laggard in the previous session, falling over 4% amid broader selling in the oil and gas space.

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