🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Bajaj Auto: The company reported a stellar 34% YoY jump in Q4 net profit to ₹2,746 crore. The board has approved a massive share buyback at ₹12,000 per share and recommended a dividend of ₹150 per share.
• Paytm (One 97 Communications): Reported a consolidated net profit of ₹184 crore for the March quarter, marking a significant turnaround from a loss of ₹540 crore in the same period last year. Revenue grew 18% YoY.
• InterGlobe Aviation (IndiGo): Shares are in focus after a 6.6% surge in the previous session as Brent crude prices tumbled toward $100 per barrel, significantly easing operational cost concerns.
• HDFC Bank: Sentiment remains positive following reports that independent legal reviews found no major governance lapses, clearing the path for the reappointment of CEO Sashidhar Jagdishan.
• Blue Star: The cooling solutions major reported a 17% YoY increase in consolidated net profit to ₹227 crore, supported by strong demand.
• Godrej Consumer Products: Reported a 9.7% YoY increase in consolidated PAT to ₹451.77 crore with revenue growth exceeding 10%.
• KPI Green Energy: The stock continues its upward trajectory after reporting record revenue for the eighth consecutive quarter and achieving its highest-ever full-year results.
• ACME Solar Holdings: Announced the commissioning of a new 8 MW wind power project in Gujarat by its subsidiary.

Neutral Developments

• Q4 Results Today: A heavy line-up of companies will report their earnings on May 7, including Pidilite Industries, Dabur India, Lupin, Thermax, Indraprastha Gas (IGL), Mahanagar Gas (MGL), and BSE Limited.
• Oracle Financial Services (OFSS): The stock will trade ex-dividend today for a substantial interim dividend of ₹270 per share.
• Biocon: The company officially denied reports regarding leadership succession planning following market speculation about Kiran Mazumdar-Shaw’s successor.
• Kaiser Corporation: Submitted a "Report on Complaints" to exchanges as part of its ongoing merger process with Emazing Deals Limited.

Negative News

• Raymond Lifestyle: Reported a sharp 53% YoY decline in Q4 net profit to ₹12 crore, despite a marginal 8% increase in revenue.
• Greaves Cotton: Consolidation net profit for the March quarter fell by 6.3% YoY to ₹22.5 crore.
• Reliance Industries: Emerged as the biggest laggard in the previous session's rally, shedding 1.8% as the sharp decline in crude oil prices weighed on the energy heavyweight.

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