🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Apollo Hospitals: The company reported a robust Q4 performance with consolidated net profit surging 35.9% YoY to ₹529.3 crore. The board has declared a final dividend of ₹10 per share and approved the divestment of stakes in Apollo Specialty and Apollo Fertility for an enterprise value of approximately ₹1,550 crore.
• Reliance Industries: The Andhra Pradesh government has cleared 800 acres of land in Visakhapatnam for the company’s ambitious ₹1 trillion AI data center project.
• TeamLease Services: The board has approved a share buyback of 14.9 lakh shares at a price of ₹1,600 per share, totaling up to ₹238 crore, following a 5.2% growth in Q4 net profit.
• Medplus Health: Reported a strong 24.6% increase in Q4 net profit to ₹63.9 crore, supported by a 23.5% rise in revenue.
• Honeywell Automation: Posted a 14.2% rise in quarterly profit to ₹160 crore with stable demand in the industrial automation segment.
• AI & Data Centre Stocks: Shares of Anant Raj, E2E Networks, and Netweb Technologies are expected to be in focus following Nvidia’s stellar global earnings performance.

Neutral Developments

• F&O Ban List: The National Stock Exchange has retained Steel Authority of India (SAIL) and Kaynes Technology on the F&O ban list for May 21, as their open interest crossed the 95% market-wide position limit.
• Bharat Petroleum (BPCL): While net profit saw a marginal dip of 0.7%, the stock remains in focus due to management's strategy to increase spot market purchases and continue buying Russian crude to maintain refinery margins.
• Technical Outlook: The Nifty 50 is currently navigating a consolidation range of 23,300–23,800, with analysts suggesting that sustaining above 23,650 is crucial for further recovery.

Negative News

• Sammaan Capital: The company reported a massive consolidated quarterly loss of ₹8,101.4 crore, compared to a loss of ₹324 crore in the previous year, primarily due to heavy impairment on financial instruments and exceptional losses.
• Whirlpool of India: Despite an 8.8% rise in revenue, the company saw its consolidated net profit decline by 32.7% to ₹80.2 crore, reflecting significant margin pressures.
• Zee Entertainment: The stock continues to face selling pressure, having dropped over 5% in the previous session following a weak earnings report and concerns over slowing advertising demand.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex