🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Hero MotoCorp: The two-wheeler giant reported a record quarterly profit, jumping 30% YoY to ₹1,401 crore, supported by strong sales and EV growth. The board has declared a dividend of ₹75 per share.
• Bajaj Auto: Shares will be in high focus as the board meets today to consider not only the Q4 financial results and dividend but also a proposal for the buyback of fully paid-up equity shares.
• National Stock Exchange (NSE): Reported an 8% YoY growth in consolidated PAT to ₹2,871 crore for Q4. The board has recommended a significant dividend of ₹35 per share, which includes a ₹10 special dividend.
• J&K Bank & Poonawalla Fincorp: Both financial entities reported robust earnings; J&K Bank's profit surged 36% while Poonawalla Fincorp saw a 70% QoQ jump in net profit.
• CAMS: The company reported a steady performance with revenue and PAT both growing by approximately 11% YoY in the March quarter.
• Technical Breakouts: L&T Finance and CG Power are seeing positive momentum after breaking out from "Flag" patterns on daily charts, with analysts suggesting a bullish outlook.
• Global Cues: GIFT Nifty indicates a gap-up start of over 200 points as international markets rally on hopes of a diplomatic resolution in West Asia and easing Brent crude prices to around $108.

Neutral Developments

• Earnings Heavyweight Calendar: Over 60 companies are scheduled to release their Q4 results today, including Godrej Consumer Products, Shree Cement, Polycab India, Blue Star, KPIT Technologies, and Kansai Nerolac.
• Larsen & Toubro (L&T): The infrastructure major reported a mixed set of numbers with a marginal 3% YoY decline in consolidated PAT to ₹5,326 crore, though revenue from operations grew a healthy 11.25% to ₹82,762 crore.
• One 97 Communications (Paytm) & PB Fintech: Both fintech leaders are set to report their earnings today; markets will closely monitor their paths to profitability and management guidance.

Negative News

• Shoppers Stop: The retail chain reported a net loss of ₹16.35 crore for the fourth quarter, despite a steady rise in annual revenue.
• Institutional Selling: Foreign Institutional Investors (FIIs) remained net sellers in the previous session, offloading shares worth ₹3,519 crore, which may cap sharp upside moves.
• Currency Pressure: The Indian Rupee hit a fresh record low against the US Dollar (near 95.33), driven by macro volatility and previous spikes in energy costs, potentially weighing on import-heavy sectors.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex