🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• RBL Bank: Reported a massive 234% year-on-year surge in net profit to ₹230 crore for the March quarter. Net interest income (NII) also saw steady growth of 7% to ₹1,671 crore.
• L&T Finance: Posted a robust 26.8% increase in net profit to ₹806.6 crore, driven by a 24.8% jump in net interest income, reflecting strong operational performance.
• Indian Energy Exchange (IEX): Announced a 10.8% rise in consolidated net profit to ₹1.30 billion for Q4. The company recorded its highest-ever electricity trading volumes and recommended a final dividend of ₹2 per share.
• LTIMindtree: Shares will be in focus after reporting a 23% year-on-year rise in net profit to ₹13.9 billion, significantly outperforming quarterly expectations.
• Breakout Picks: Technical analysts have highlighted IPCA Laboratories, Varun Beverages, and Bank of Maharashtra as stocks showing strong momentum and trendline support in the current market setup.

Neutral Developments

• Reliance Industries (RIL): The energy giant reported mixed results with revenue rising 12.9% to ₹3.25 lakh crore. While profit declined, the board recommended a dividend of ₹6 per share, which may provide some cushion for the stock.
• Major Earnings Today: A high-volume earnings day is expected with over 50 companies reporting, including UltraTech Cement, Coal India, Adani Total Gas, AU Small Finance Bank, and Bajaj Housing Finance.
• Corporate Actions: 360 One WAM and Alka India trade ex-dividend today, while Trustwave Securities will trade ex-date for a capital reduction.
• UTI AMC: Reported steady revenue growth of 4% YoY to ₹3.9 billion, maintaining its position in a competitive asset management landscape.

Negative News

• Reliance Industries (RIL): Reported a net profit decline (estimates ranging from 8.9% to 12.5% YoY) primarily due to pressure in the Oil-to-Chemicals (O2C) segment and global energy market volatility.
• IT Sector Woes: Sentiment remains fragile for IT heavyweights like Wipro, TCS, and HCL Tech after the sector index corrected over 10% last week following subdued guidance from industry majors.
• Market Volatility: Despite the positive GIFT Nifty start, the broader market remains under pressure from FII outflows and high crude oil prices, which surged recently due to Middle East tensions.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex