🇮🇳 India Daybook: IndusInd Bank Q4 Results, M&M Sales Surge 22%

📍 Q4 EARNINGS TODAY

• IndusInd Bank: The private lender is scheduled to report its March quarter results today; investors will watch for updates on loan growth and credit costs.
• ICICI Prudential AMC: The board will meet to approve audited financial results and is likely to recommend a final dividend for FY26.
• Just Dial: To announce its Q4 performance today; focus remains on user growth and margin sustainability.
• Swaraj Engines: Earnings announcement expected today, with the board also considering an equity dividend for the financial year.
• Others: Continental Controls, Ind Bank Housing, and Innovision are also slated to release their quarterly report cards.

📍 BUSINESS UPDATES

• Mahindra & Mahindra: Reported a 22.3% YoY jump in total sales for March 2026, reaching 1 lakh units. The company also announced that its subsidiaries will divest their entire 99.04% stake in Erkunt Foundry.
• Adani Green Energy: The company’s operational capacity grew by 35% YoY to 19.3 GW in FY26, supported by the addition of 5.1 GW of greenfield capacity during the year.
• Prestige Estates: Entered a joint venture with ABIL Group for a premium residential project in Versova, Mumbai, with an estimated development value exceeding ₹9,000 crore.
• Eicher Motors: The company has officially entered the electric vehicle space with the launch of its first electric motorcycle.
• Swiggy: Co-founder Nandan Reddy has resigned from the board; the company has appointed Chief Growth Officer Phani Kishan and Group CFO Rahul Bothra as Executive Directors.

📍 ACQUISITION

• Larsen & Toubro: Its subsidiary, L&T Realty Properties, has signed an agreement to acquire a 100% stake in International Green Scapes.
• Amber Enterprises: The company has acquired a 50% stake in Amber Resojet for a total consideration of ₹1.7 crore.
• Apollo Hospitals: Acquired an additional 7.8 lakh shares in its subsidiary, Apollo Health and Lifestyle, for ₹18.7 crore.

📍 DIVIDEND

• Muthoot Finance: The board has approved an interim dividend of ₹30 per equity share (300%) for the financial year 2025-26.

📍 ORDER WIN

• GHV Infra: The company has secured a new work order, further strengthening its construction and infrastructure order book.

📍 STOCK SURVEILLANCE

• BSE: The exchange has revised the price bands for 75 stocks, including Ola Electric and ITDC, effective today to control unusual price movements and speculation.

📍 LISTING & REGULATORY

• Shriram Finance: Approximately 47 crore shares issued to MUFG are set to list on the NSE and BSE today, though they will remain under a lock-in period until October 2026.
• Sun Pharma: The company issued a clarification stating that recent media reports regarding a $12 billion acquisition of Organon are speculative.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News