🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Adani Group Stocks: Shares will be in significant focus after the US Department of Justice dropped all criminal charges against Gautam Adani and Sagar Adani, ending the high-profile fraud case in New York.
• Premier Energies: The company reported a stellar 64.45% YoY jump in Q4 net profit to ₹4.57 billion, supported by a 37.6% rise in revenue and a strong order book of ₹140.10 billion.
• HFCL: The company has secured an international export order worth approximately ₹1.06 billion ($11.07 million) for optical fiber cables, with completion expected by August 2026.
• Eicher Motors: The company announced a major investment of ₹2,500 crore to set up a new Royal Enfield manufacturing facility in Andhra Pradesh.
• Alembic Pharma: Reported a healthy 29% YoY rise in Q4 consolidated net profit to ₹2.02 billion, driven by strong domestic and international performance.
• Godfrey Phillips: The tobacco major saw its consolidated revenue from operations rise sharply to ₹34.86 billion in the March quarter compared to ₹18.88 billion a year ago.

Neutral Developments

• Q4 Earnings Calendar: A heavy lineup of results is scheduled for today, including Bharat Electronics (BEL), BPCL, Mankind Pharma, Zydus Lifesciences, PI Industries, PNC Infratech, and Zee Entertainment (ZEEL).
• Ex-Dividend Trading: Several stocks will trade ex-dividend today, including Metropolis Healthcare, Man Infraconstruction, Alicon Castalloy, Atishay, and IndiGrid Infrastructure Trust.
• F&O Ban List: The National Stock Exchange (NSE) has retained Steel Authority of India (SAIL) and Kaynes Technology in the futures and options ban list for May 19 as their open interest crossed the 95% limit.
• Gift Nifty: Early trends indicate a cautious but positive start, with the Gift Nifty trading at a premium of nearly 22 points over the Nifty futures' previous close.

Negative News

• Moody’s Outlook: Moody’s Ratings has warned that Indian corporate earnings growth may slow over the next 12–18 months due to rising input costs, rupee depreciation (which recently hit a record low of 96.35), and global supply-chain disruptions.
• SJVN: The stock remains under pressure after missing annual statutory earnings estimates by 22%, leading to a 5.5% drop in share price over the past week and downward revisions by analysts.
• Broader Market Weakness: Despite a recovery in the benchmarks, the Nifty Smallcap 100 and Midcap 100 indices saw significant selling pressure in the previous session, falling 1.26% and 0.15%, respectively.
• Volatility Index: The India VIX surged 4.47% to 19.63, indicating heightened market uncertainty and the potential for sharp intraday swings.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex