🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Reliance Industries (RIL): The conglomerate achieved a historic milestone, becoming the first Indian company to surpass $10 billion in annual Profit After Tax (PAT) for FY26. Despite a 12.5% YoY dip in Q4 net profit to ₹16,971 crore due to O2C segment pressure, the board has approved a 1:1 bonus issue.
• Hindustan Unilever (HUL): The FMCG giant reported a robust 21% YoY rise in Q4 net profit to ₹2,994 crore, supported by divestment gains and a 6% increase in volume. The board has recommended a final dividend of ₹22 per share.
• Vedanta: The massive demerger into five separate listed entities (Aluminium, Oil & Gas, Power, Steel and Ferrous, and Base Metals) becomes effective today, May 1, 2026. The restructuring is aimed at unlocking significant value for shareholders via a 1:1 share swap.
• Tata Motors: Although audited results are due on May 13, the company reported a stellar operational performance for Q4 FY26 with vehicle production jumping 38% and domestic sales rising 36% YoY.
• Aster DM Healthcare: Reported a strong Q4 performance with revenue rising 18% to ₹1,182 crore and normalized PAT surging 45% to ₹153 crore, driven by improved operational efficiency and margin expansion to 21.7%.
• Mangalam Worldwide: Shares are in focus after Q4 net profit surged 81.2% YoY to ₹15.38 crore. The company also approved a proposal for direct listing on the Main Board of the BSE.

Neutral Developments

• Market Holiday: The NSE and BSE are closed today, May 1, 2026, in observance of Maharashtra Day. Trading in equity and derivative segments will resume on Monday, May 4.
• NSDL: The depository reported steady financial performance for the final quarter and recommended a dividend of ₹4 per share for its shareholders.
• Earnings Calendar: Several mid-cap and small-cap firms are scheduled to release their results today despite the market holiday, including Jindal Steel & Power, Zen Technologies, Ramkrishna Forgings, and Punjab Chemicals.
• US Fed Policy: The Federal Reserve held interest rates steady at 3.50–3.75%. While expected, the "higher for longer" stance has limited the chances of a rate cut before late 2026, keeping global markets on edge.

Negative News

• Adani Enterprises: The flagship firm reported a surprise consolidated net loss of ₹167 crore for Q4 FY26, compared to a profit of over ₹4,000 crore in the previous year. The loss was attributed to higher depreciation and operational expenses, despite a 20% jump in revenue.
• Currency & Macro: The Indian Rupee hit a fresh record low of 95.32 against the US Dollar on April 30. Simultaneously, Brent crude prices are hovering near $100/barrel as geopolitical tensions threaten supply routes in the Strait of Hormuz.
• FII Selling: Foreign Institutional Investors (FIIs) remain in a heavy selling mode, having pulled out approximately ₹44,000 crore from Indian equities in April 2026 alone, citing rising US yields and energy shocks.
• Dr Lal PathLabs: Reported a 15.18% decline in consolidated PAT to ₹1,313 crore for Q4 FY26, missing some analyst estimates despite a 16% rise in revenue.

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