🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• JSW Steel: The company reported a massive nearly 11-fold surge in consolidated quarterly profit to ₹16,370 crore, supported by improved operational performance and exceptional gains.
• Muthoot Finance: Standalone quarterly profit jumped by 104.7%, driven by robust demand for gold loans and improved interest margins.
• SEPC Ltd: The company’s joint venture secured an EPC sub-contract worth ₹521.46 crore for the widening and upgradation of a major road section in Uttar Pradesh.
• HUDCO: Reported a stellar Q4 performance with net profit rising to ₹1,981 crore against ₹728 crore in the previous year; the board also declared a final dividend of ₹1.50 per share.
• Bharti Airtel: Continues to see positive momentum following strong Q4 results, emerging as a top gainer and supporting the Nifty’s recovery.

Neutral Developments

• Adani Enterprises: The stock will be in focus following a bulk deal where GQG Partners sold a 0.45% stake (58.92 lakh shares) to SBI Mutual Fund for approximately ₹1,435 crore.
• Earnings Today: A massive lineup of over 145 companies will report Q4 results, including Tata Steel, Power Grid Corporation, SAIL, NHPC, Cochin Shipyard, and Solar Industries.
• Dividend Ex-Dates: Several major stocks trade ex-dividend today, including State Bank of India (₹17.35), Kennametal India (₹40), Nuvama Wealth (₹14), and IEX (₹2).
• Corporate Actions: Dev Labtech Venture will trade ex-date for a 1:2 stock split and 1:1 bonus issue, while Biogen Pharmachem turns ex-date for a 1:6 bonus.

Negative News

• Tata Motors Passenger Vehicles: Reported a sharp 31.7% decline in consolidated quarterly profit to ₹5,783 crore, impacted by pressures in the JLR segment and increased marketing expenses.
• Fuel Price Hike: The Government has increased petrol and diesel prices by ₹3 per litre in major metros, marking the first retail price revision in four years, which may trigger inflationary concerns.
• IT Sector Drags: Technology stocks like Infosys, Tech Mahindra, and HCL Tech have emerged as key drags on the indices, with the Nifty IT index falling nearly 2% in recent trade.
• Thomas Cook (India): Shares faced selling pressure after the company missed statutory earnings estimates by over 6%, leading to a downward revision in consensus price targets.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex