🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Tata Consultancy Services (TCS): The IT giant reported a 12.2% YoY jump in net profit to ₹13,718 crore for Q4FY26, beating analyst estimates. The board has recommended a final dividend of ₹31 per share.
• Aurobindo Pharma: The board has approved a share buyback worth ₹800 crore at a price of ₹1,475 per share, representing a significant premium over the current market price. The record date is set for April 17, 2026.
• Eicher Motors: Royal Enfield has officially entered the electric vehicle space with the launch of its new 'Flying Flea' brand, marking a strategic shift toward sustainable mobility.
• Adani Green Energy: Its subsidiary has entered into a joint venture with Minerva Holding RSC to develop large-scale renewable energy projects across India.
• NHPC: The company has received the necessary government approvals to proceed with a major new hydro project, boosting its long-term capacity outlook.
• BHEL: The state-run engineering firm has partnered with E2S to develop advanced excitation systems, enhancing its technological capabilities in the power sector.

Neutral Developments

• Wipro: The company is reportedly considering a fresh share buyback proposal to return capital to shareholders; an official board meeting date is expected shortly.
• Poonawalla Fincorp: The company has launched a Qualified Institutional Placement (QIP) to raise up to ₹2,500 crore to fund its next phase of growth.
• GAIL (India): The gas distributor plans to borrow ₹5,000–6,000 crore in FY27 to fund its ambitious expansion projects and offset supply disruptions.
• HDFC Life Insurance: The company is in the early stages of planning a capital raise to strengthen its solvency margins and support business expansion.
• Vashu Bhagnani Industries: The board meets today to approve audited FY26 results and discuss a proposal for listing equity shares on the National Stock Exchange (NSE).

Negative News

• SpiceJet: A UK court has ordered the cash-strapped airline to pay approximately $8 million to an engine lessor over unpaid rent and maintenance charges.
• Granules India: The company is under increased USFDA scrutiny following reports of violations related to record-keeping and contamination control at its largest manufacturing facility.
• Bharti Airtel: The Department of Telecommunications (DoT) has imposed fresh penalties on the telecom major for alleged violations of subscriber verification norms.
• Bharat Petroleum (BPCL): The National Green Tribunal (NGT) has dismissed the company’s appeal against a ₹1 crore fine for failing to install vapour recovery systems at its storage terminals.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex