🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Wipro: The IT major announced its largest-ever share buyback of ₹15,000 crore at a price of ₹250 per share via the tender route. The company also reported a 12.27% QoQ rise in net profit to ₹3,501.8 crore for Q4 FY26.
• VST Industries: The company reported a stellar performance for Q4 FY26, with net profit surging 120% YoY to ₹116.7 crore and revenue growing 31%. The board also declared an interim dividend of ₹19 per share.
• Lakshya Powertech: The company secured a major operations and maintenance (O&M) contract worth ₹642 crore from Vedanta Limited.
• John Cockerill India: Shares will be in focus after winning a ₹300 crore contract from JSW Steel Coated Products for a galvanizing line.
• Oil Marketing Companies (HPCL, BPCL, IOCL): These stocks may see positive momentum following a sharp crash in global crude oil prices, which fell nearly 5% to settle around $90-$93 per barrel.
• Muthoot Finance: Today is the ex-date for an interim dividend of ₹30 per share.
• Shriram Finance: Received RBI approval to commence primary dealer operations via its overseas arm.

Neutral Developments

• HDFC Bank: The bank's Nomination and Remuneration Committee (NRC) meets today to deliberate on the appointment of a new chairman following Atanu Chakraborty's exit. The board also approved a ₹1,000 crore investment in HDFC Life.
• HDFC Life: Reported a modest 4.7% YoY growth in net profit to ₹497 crore. The board approved issuing 1.45 crore shares to HDFC Bank on a preferential basis to boost its solvency ratio.
• Om Power Transmission: The company is scheduled to list on the BSE and NSE today. Gray Market Premium (GMP) indicates a muted debut with a potential listing gain of only ~1%.
• Adani Enterprises: Jefferies maintained a 'Buy' rating but lowered the target price to ₹2,600 from ₹2,750, citing near-term headwinds for the airport division.

Negative News

• Vedanta: Reported a boiler explosion at its 600 MW coal plant in Chhattisgarh, leading to an immediate shutdown of the unit.
• Alok Industries: The company reported a widened net loss of ₹186.6 crore for the March quarter, compared to a loss of ₹67.8 crore in the previous year.
• Elecon Engineering: Shares may face pressure after reporting a steep decline in net profit to ₹6 crore from ₹146 crore on a YoY basis.
• Tejas Networks & GTPL Hathway: Both companies reported disappointing Q4 results with a significant increase in net losses.

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