🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• RailTel Corporation: The company has secured a significant domestic contract valued at ₹8.64 billion from the Municipal Corporation of Greater Mumbai for cloud service provisioning and maintenance through 2029.
• Trent Ltd: The board is scheduled to meet today to consider the issuance of bonus shares and a final dividend, alongside its Q4 FY26 financial results.
• HCL Technologies: Reported a 4.2% YoY increase in net profit to ₹4,488 crore for Q4 FY26, with revenue growing 12.3%. The board also declared an interim dividend of ₹24 per share.
• Indian Hotels (IHCL): Completed the acquisition of Brij Hospital for ₹222 crore, strengthening its presence in the healthcare-allied hospitality segment.
• UGRO Capital: The lender reported a strong Q4 performance with net profit rising 26% YoY to ₹0.51 billion, supported by a 51% jump in total income.
• Nelco: The Tata Group company reported a turnaround in Q4 with a net profit of ₹11 million, compared to a net loss of ₹40.4 million in the same period last year.

Neutral Developments

• Earnings Today: A wide array of companies will report their Q4 results today, including SBI Life Insurance, Tech Mahindra, Havells India, L&T Technology Services, Tata Communications, and Oracle Financial Services Software.
• Infosys: The board is expected to discuss a leadership transition plan for CEO Salil Parekh, whose term ends in March 2027; a two-year extension is likely to facilitate succession planning.
• Reliance Industries: Shares remain in focus as the market awaits its Q4 earnings and dividend announcement scheduled for April 24.
• Jindal Stainless: The company announced its strategic expansion into the retail rebar market to diversify its product portfolio.

Negative News

• Global Cues: GIFT Nifty indicates a gap-down start (down ~150 points) as geopolitical tensions in West Asia persist following the failure of a key meeting between US and Iranian representatives.
• Lupin: The company received three procedural observations from the USFDA following an inspection of its Somerset facility conducted between April 13 and April 17, 2026.
• Jio Financial Services: Reported a 14% YoY decline in consolidated net profit to ₹272 crore for the March quarter, despite a surge in operational revenue.
• Sectoral Pressure: Energy and Transport services sectors saw significant declines in the previous session, which may continue to weigh on sentiment amid volatile crude oil prices.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex