🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Afcons Infrastructure: The company has emerged as the lowest bidder for a significant project in Europe valued at ₹7,544 crore, marking a major international expansion.
• HG Infra Engineering: Secured a substantial road project order worth ₹3,931 crore, strengthening its domestic order book.
• Bharat Forge: Signed a long-term supply agreement with Embraer, diversifying its aerospace segment revenue streams.
• MCX (Multi Commodity Exchange): Reported a stellar Q4 performance with revenue from operations jumping 205% YoY to ₹8.9 billion.
• Voltas: Received a favorable ruling from a Qatar court, awarding the company over QAR 370 million in a long-standing legal dispute.
• HFCL: The telecom gear maker bagged export orders worth ₹184 crore, continuing its push into global markets.
• IRM Energy: Reported a robust Q4FY26 with net profit (PAT) surging 190% YoY.
• MRF: Received significant relief as a Chennai tax authority set aside a previously issued tax order worth ₹182 crore.
• Urban Company: Reported strong Q4 growth with revenue increasing to ₹4.3 billion from ₹3 billion YoY, reaching its highest quarterly transacting value in four years.

Neutral Developments

• Earnings Today: A heavy calendar of results is expected including Berger Paints, Dixon Technologies, Dr. Reddy's Laboratories, Pfizer, Tata Power, Torrent Power, Nazara Technologies, and V-Guard Industries.
• Tata Motors: The board is scheduled to meet to consider and recommend a dividend for the financial year 2026.
• Hyundai Motor India: Full-year results were largely in line with estimates; analysts project a 12% revenue growth for the upcoming fiscal year.
• Sarla Performance Fibers: The Board of Directors has approved a share buyback of up to 40 lakh shares at ₹110 per share via the tender offer route.
• Canara Bank: The lender has hiked its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenures effective May 12.

Negative News

• Market Sentiment: GIFT Nifty is trading nearly 200 points lower, indicating a gap-down start for the Sensex and Nifty 50 following a 1.5% slump in the previous session.
• Tata Power: Analysts expect lower Q4 profits due to the impact of the Mundra plant shutdown and compressed EPC margins.
• Canara Bank: Reported a 9.9% YoY decline in standalone net profit for Q4FY26, falling to ₹45.1 billion.
• Oil Marketing Companies (IOC, BPCL, HPCL): PSU OMCs are in focus as reports suggest soaring crude prices ($105/bbl) and frozen pump prices could result in Q1 FY27 losses that wipe out entire FY26 profits.
• FII Activity: Foreign Institutional Investors remained heavy sellers, offloading shares worth ₹8,438 crore in a single session on May 11.
• Geopolitical Risks: Uncertainty regarding the US-Iran ceasefire and rising crude oil prices continue to weigh heavily on emerging market sentiment.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex