🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Wipro: The IT giant has secured a landmark 8-year deal worth over $1 billion with the Olam Group. The agreement includes a committed spend of $800 million for AI-driven transformation services, boosting sentiment for the IT sector ahead of earnings.
• Kalyan Jewellers: Reported a stellar Q4 FY26 business update with consolidated revenue growth of 64% YoY. The India operations led the charge with a 65% jump, driven by robust wedding and discretionary demand.
• Deep Industries: The company has bagged a contract worth ₹59 crore from ONGC for natural gas compression and dehydration services at the Rajahmundry Asset, spanning a three-year period.
• Indian Railway Finance Corporation (IRFC): Sanctioned and fully disbursed a ₹1,000 crore term loan to Maharashtra State Power Generation Company (MAHAGENCO) to bolster the state's power infrastructure.
• Shyam Metalics and Energy: Released a strong Q4 business update showing a 22.46% YoY increase in stainless steel volumes. Average realisations also improved by nearly 5% compared to the previous year.
• CreditAccess Grameen: Reported a 14% YoY growth in its gross loan portfolio to ₹29,590 crore for March 2026, meeting its annual guidance with strong disbursements in the final quarter.
• Infosys: Announced a strategic partnership with Harness to leverage "agentic AI" for accelerating software delivery transformation for global enterprises.
• GAIL (India): Entered into a long-term charter agreement with Alpha Gas for the LNG carrier 'Energy Fidelity,' strengthening its global energy logistics and supply chain.

Neutral Developments

• RBI Monetary Policy: The MPC is expected to maintain the repo rate at 5.25% today. While a status quo is widely anticipated, the Governor’s commentary on inflation and the impact of recent geopolitical volatility will be critical.
• Mahindra & Mahindra: Announced a price hike across its domestic tractor range effective today, April 8, 2026. The hike is intended to offset rising input commodity costs.
• Varun Beverages: Shares will trade ex-dividend today for a final dividend of ₹0.50 per share.
• Life Insurance Corporation (LIC): Shares will be in focus as the board is scheduled to meet on April 13 to consider a proposal for issuing bonus shares to shareholders.
• Gallantt Ispat: Reported strong Q4 production numbers with power generation up 14% and pellet production surging 59% YoY, though the stock's reaction may be tempered by broader market volatility.

Negative News

• Air India: The airline is implementing a hike in fuel surcharges for both domestic and international flights starting today. This comes alongside the resignation of CEO Campbell Wilson, marking a period of leadership transition.
• Jubilant FoodWorks: The stock hit a 52-week low recently following a muted Q4 update. While consolidated revenue grew 19.1%, standalone revenue growth remained soft at 6.2%, signaling continued pressure on core margins.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex