🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• IRB Infrastructure: The company reported a strong set of Q4 FY26 results with a net profit of ₹2.96 billion, up from ₹2.15 billion in the previous year, driven by improved operational profitability.
• Aurionpro Solutions: Shares will be in focus after the company announced bagging a major contract in the United States, strengthening its international presence.
• ITC: The board has declared a final dividend of ₹8 per share for FY26, with the record date set for May 27, following steady quarterly performance.
• Bharat Electronics (BEL): Motilal Oswal has maintained a 'Buy' rating with a target of ₹510, citing strong margin performance and emerging opportunities in indigenous data center solutions.
• Grasim Industries: Upgraded to 'Buy' by Nuvama with a revised target price of ₹3,546, supported by improving demand in the Cellulosic Staple Fibre segment and scaling up of the paints business.
• JSW Cement: Reported a 10.8% YoY growth in revenue from operations for Q4 FY26, reaching ₹18.95 billion.
• PI Industries: Received US registration for its bionematicide product; Morgan Stanley maintained an 'Overweight' rating, expecting a return to positive revenue growth in FY27.
• Metro Brands: Expected to see traction following the release of its Q4 FY26 financial results.

Neutral Developments

• Eicher Motors: The board approved an investment of up to ₹750 crore to form a 50:50 joint venture with Volvo Financial Services (VFS) India. The company is also scheduled to report its earnings today.
• Maruti Suzuki: The automaker announced a price hike of up to ₹30,000 across its vehicle portfolio effective June 2026 to offset rising input costs.
• Adani Total Gas: Sanjay Pandita has been appointed as the new Chief Executive Officer, effective May 22, 2026, succeeding Suresh Manglani.
• Varun Beverages: Extended its exclusive bottling and trademark license agreement with PepsiCo Inc. in India until April 30, 2049.
• Yatra Online: The company and its Indian subsidiary are scheduled to release their fourth-quarter and full-year financial results today.
• Cochin Shipyard: Signed an agreement to acquire a 5% stake in Maritech Integrated Maritime, a deep-tech platform, under its startup initiative.

Negative News

• State Bank of India (SBI): Staff under the AISBISF have threatened a two-day nationwide strike starting May 25, demanding increased recruitment and better working conditions.
• Reliance Industries (RIL): The company is embroiled in a legal battle in the Supreme Court, refuting government claims regarding the alleged siphoning of gas from ONGC’s fields in the Krishna-Godavari basin.
• Jubilant Foodworks: Goldman Sachs maintained a 'Neutral' rating and cut the target price to ₹460, flagging concerns over near-term margin pressure from energy and wage inflation.
• Banking & IT Laggards: Stocks like Bajaj Finance, Tech Mahindra, and Infosys saw selling pressure in the previous session and remain under watch amid volatile market conditions.

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