🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Tata Electronics: The company has entered a strategic partnership with Dutch firm ASML to power its $11 billion semiconductor foundry in Gujarat. This collaboration aims to build India’s first 300mm commercial fab, focusing on AI and mobile segments.
• Muthoot Finance: Reported a stellar 135% YoY surge in net profit to ₹3,397 crore for Q4FY26. The board has also recommended its highest-ever dividend of 300% (₹30 per share).
• United Spirits: Consolidated net profit rose 28% YoY to ₹539 crore, supported by a 5% growth in the Prestige & Above segment. The company announced a final dividend of ₹11 per share.
• Steel Authority of India (SAIL): Reported a significant 46.6% jump in consolidated quarterly profit to ₹1,835.5 crore, driven by improved operational efficiencies.
• Coal India: The PSU major is reportedly exploring lithium and copper mining opportunities in Chile as part of its diversification into critical minerals.
• Technical Breakouts: Analysts are tracking positive momentum and volume breakouts in Zydus Lifesciences, Nazara Technologies, Crompton Greaves Consumer Electricals, and AGI Infra.

Neutral Developments

• Earnings Today: A large cohort of companies will report their Q4 results today, including Indian Oil Corporation (IOC), Indraprastha Gas (IGL), Astral, JSW Cement, Zydus Wellness, and Afcons Infrastructure.
• Power Grid Corporation: Reported a 9.7% increase in consolidated net profit to ₹4,546.3 crore for the March quarter; however, revenue saw a marginal decline of 5% YoY to ₹11,665.6 crore.
• PFC & REC: Power Finance Corporation is moving ahead with its merger plan with REC Limited and has reportedly sought presidential approval for the same.
• Vodafone Idea: The stock remains in focus as the company continues to progress with its ₹4,730 crore fundraising initiative to support network expansion.

Negative News

• Market Sentiment: GIFT Nifty indicates a potential drop of over 100 points at the open. Concerns regarding US-Iran tensions have pushed crude oil prices higher, adding pressure to emerging markets.
• FPI Outflows: Foreign Portfolio Investors continue to be aggressive sellers, having pulled out over ₹27,000 crore from Indian equities so far in May 2026, citing global macroeconomic uncertainties.
• Currency Pressure: The Indian rupee has hit a record low against the US dollar, intensifying concerns over imported inflation and fiscal stability.
• F&O Ban: Stocks including SAIL and Kaynes Technology remain under the NSE's futures and options ban for the day due to crossing the market-wide position limit.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex