🇮🇳 India Daybook: Eicher Motors Surges on Earnings Beat, Union Bank Eyes Fundraising

📍 QUARTERLY RESULTS

• Eicher Motors: Reported a strong Q4 beat with total operating income growing 16% YoY to ₹60.80 billion. Royal Enfield sales volumes rose 12% to 3.14 lakh units, leading to significant brokerage upgrades.
• Nykaa (FSN E-Commerce): Net profit surged 290% YoY to ₹78–79 crore for Q4 FY26. The company officially crossed the $1 billion annual revenue milestone, with full-year revenue reaching ₹10,022 crore.
• Suzlon Energy: Reported a mixed set of numbers with revenue jumping 44% YoY, though net profit slipped 6% to ₹1,114 crore.
• GAIL India: Revenue remained stable at ₹357.05 billion for the March quarter, but profitability declined to ₹14.85 billion from ₹17.56 billion in the preceding quarter. The board recommended a final dividend of ₹0.50 per share.
• Minda Corporation: Revenue rose 29% YoY to ₹17.04 billion, while Profit After Tax (PAT) remained flat at ₹0.52 billion.
• Info Edge: Revenue grew 5.3% YoY to ₹8.05 billion. Notably, its real estate vertical, 99acres, turned EBITDA positive during the quarter.
• Yatharth Hospital: Delivered robust growth with PAT up 90% YoY to ₹107.4 crore and revenue up 81% for the full year FY26.

📍 BOARD MEETINGS

• Union Bank of India: The board is meeting today, May 26, to consider and approve a massive fundraising plan via QIP, Rights Issue, or FPO.
• Centrum Capital: Seeking approval to raise ₹1,000 crore through Non-Convertible Debentures (NCDs) and an additional ₹1,000 crore via equity.

📍 ORDER WIN

• Jupiter Wagons: Announced the acquisition of new significant orders for Battery Energy Storage Systems (BESS), further diversifying its portfolio beyond railway wagons.

📍 ACQUISITION

• Adani Power: Moving forward with the acquisition of Jaypee Group’s power assets in a deal valued at approximately ₹4,194 crore, marking one of the largest consolidations in the private power sector.

📍 CORPORATE ACTION

• ITC Ltd: Today is the last day for investors to buy shares to qualify for the final dividend of ₹8 per share (Record Date: May 27).
• Ex-Dividend Today: Several stocks turn ex-dividend today, including Dhampur Sugar Mills (₹2), GPT Infraprojects (₹1), Hatsun Agro Product (₹10), and IRB Infrastructure (₹0.05).
• Maruti Suzuki: Announced a portfolio-wide price hike of up to ₹30,000 effective from June 2026 to offset rising input costs.

📍 STOCKS IN NEWS

• FTSE Index Rebalancing: Six Indian companies including Lenskart, Tata Capital, LG Electronics India, Meesho, ICICI Prudential AMC, and Groww are set to be added to FTSE indices effective June 22, likely triggering passive inflows.
• Banking Stocks: HDFC Bank and SBI remain in focus after leading yesterday's 1,000-point Sensex surge, supported by a strengthening Rupee (₹95.26/USD) and falling bond yields.
• Data Patterns: Shares may face pressure despite decent earnings as analysts flag concerns over a high accrual ratio and weak free cash flow conversion.

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