🇮🇳 India Daybook ~ Stocks in News**

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Positive Buzz

• Trent: The retail major is in the spotlight after reporting a significant jump in quarterly profit and revenue. The board has also approved a bonus issue in the ratio of 1:2 and announced plans for a rights issue to fund future expansion.
• Oracle Financial Services Software: Shares are expected to react positively to robust earnings growth, characterized by a sharp increase in both profit and revenue driven by strong demand for fintech solutions.
• Bharti Airtel: The telecom giant continues its growth trajectory, reporting strong subscriber additions for March, reinforcing its competitive positioning in the Indian market.
• Infratech: The company has successfully secured two new road projects from the National Highway Authority of India (NHAI), boosting its order book visibility.
• Eveready Industries: The company inaugurated India's only operational alkaline battery plant in Jammu with an investment of ₹200 crore, marking a significant step in domestic manufacturing.
• Unimech Aerospace and Manufacturing: The board has approved an investment of ₹450 crore to acquire Hobel Bellows through its subsidiary, aimed at strengthening its aerospace portfolio.
• Karnataka Bank: The lender has entered into a strategic partnership with Pine Labs to enhance its Point of Sale (PoS) services for merchant customers.

Neutral Developments

• Infosys: The IT giant is scheduled to announce its Q4 results today. While a 2.2% QoQ dip in USD revenue is anticipated due to seasonal weakness, PAT is expected to rise by 13% QoQ. The board will also consider a final dividend and provide guidance for FY27.
• SBI Life Insurance: The company reported a marginal decline in net profit for the fourth quarter; however, steady growth in net premium income and renewal premiums suggests resilient underlying business momentum.
• Tata Communications: The company has secured a $250 million sustainability-linked loan for a five-year tenure, aligning its financial strategy with carbon emission reduction targets.
• Lemon Tree Hotels: The hospitality chain has signed new license agreements for properties in Raipur and Jalandhar, expanding its footprint in tier-2 cities.
• Corporate Actions (Ex-Date): Several stocks will trade ex-dividend today, including Schaeffler India (₹35/share), CRISIL (₹9/share), and Huhtamaki India (₹2/share).

Negative News

• Market Sentiment: Indian markets are expected to open lower following a nearly 1% drop in the previous session. Concerns are mounting as Brent crude surged past $102/barrel amid geopolitical tensions in the Strait of Hormuz.
• Delta Corp: The stock is under pressure following a reported decline in quarterly profits, reflecting challenges in the gaming and hospitality segment.
• Transformers and Rectifiers (India): Analysts have issued a substantial cut to the company's revenue and EPS estimates for the near term, citing a more bearish outlook on execution.
• FII Activity: Foreign Institutional Investors remained heavy net sellers on April 22, offloading equities worth ₹2,078.36 crore, adding to the liquidity pressure on domestic indices.
• F&O Ban: SAIL continues to remain on the NSE’s F&O ban list for the trading session of April 23.

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

Tags: ** Stocks in News Stock Market Buzzing Stocks Nifty Sensex