🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• TCS: The IT major kicked off Q4 FY26 earnings with a 12% YoY jump in net profit to ₹13,718 crore and a revenue increase of 9.6%. The board recommended a final dividend of ₹31 per share, bringing the total FY26 payout to ₹110.
• Adani Green Energy: Reported a robust 35% YoY growth in operational capacity to 19.3 GW for FY26, supported by the addition of 5.1 GW of new greenfield capacity during the year.
• Muthoot Finance: The board has approved an interim dividend of ₹30 per equity share (300%) for the financial year 2025–26.
• Mahindra & Mahindra (M&M): Posted strong production and sales figures for March 2026, with utility vehicle volumes crossing 1 lakh units, marking a 22.3% YoY increase.
• Prestige Group: Announced a joint venture to develop a premium residential project in Versova, Mumbai, with an estimated development value exceeding ₹90 billion.
• Enviro Infra Engineers: Secured two significant projects worth ₹972.2 crore from the Swachh Maharashtra Mission Directorate.

Neutral Developments

• Reliance Industries: The company has sought government approval to import Iranian crude ahead of the April 19 US waiver deadline; the stock remains in a trading blackout period ahead of its FY26 results.
• Government NBFCs (REC, PFC, IRFC, HUDCO): These stocks will be in focus following the RBI's proposal to classify state-run entities as "upper-layer" NBFCs based on an asset-size approach.
• Shriram Finance: Listing of 47 crore MUFG-held shares is scheduled for today, with these shares remaining under a mandatory lock-in until October 13, 2026.
• Sun Pharma: Issued a clarification stating that media reports regarding a potential acquisition of Organon are speculative.

Negative News

• Geopolitical Impact: GIFT Nifty indicates a gap-down opening of over 300 points (approx. 1.2%) tracking a spike in Brent crude to $104/barrel after failed US-Iran negotiations.
• Coal India: Expected to remain under pressure after falling 4.2% in the previous session, emerging as the top Nifty loser despite a broader market rally.
• Swiggy: Co-founder Nandan Reddy has resigned from the board to focus on independent ventures, signaling a major leadership transition.
• Jindal Poly: The company has withdrawn its demerger application for the Global Nonwovens scheme, citing significant regulatory delays.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex