🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Alkem Laboratories: The pharmaceutical major is scheduled to release its Q4 FY26 results today. Analysts are projecting a steady performance with revenue estimates hovering around ₹35.30 billion and an expected EPS of ₹45.15.
• JK Tyre & Industries: The company reported a stellar 83.4% YoY increase in Q4 net profit, reaching ₹1.78 billion. Revenue also grew 12.4% to ₹42.23 billion, supported by strong volume growth in the domestic market.
• Finolex Industries: Reported a robust Q4 performance with net profit jumping 59% YoY to ₹2.61 billion. The company saw significant EBITDA margin expansion to 25% from 15% in the previous year.
• Adani Power: The stock continues its bull run, recently overtaking Infosys in market capitalization to become the 11th most valuable company in India. The surge is attributed to rising peak power demand and aggressive expansion plans.
• HFCL: The telecom gear maker has secured a fresh purchase order worth ₹135.09 crore from RailTel Corporation of India for the supply of optical fiber cables.
• Hitachi Energy India: Shares reached a new record high following strong Q4 earnings. Brokerages have maintained a "Neutral-to-Positive" outlook citing a massive order pipeline in the green energy sector.
• JSW Energy: The company successfully closed its Qualified Institutional Placement (QIP), raising ₹4,000 crore to fund its renewable energy transition.

Neutral Developments

• Market Holiday: Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today for Bakri Id. Trading will resume on Friday, May 29. The Multi Commodity Exchange (MCX) will remain closed for the morning session but will reopen for evening trading.
• Coal India: The government’s Offer for Sale (OFS) received a strong response from institutional investors on Day 1, with bids worth approximately ₹19,000 crore, ensuring the base issue was comfortably oversubscribed.
• Solar Industries: In a regulatory filing, the promoters of the company declared that there is no encumbrance on their shareholding for the financial year ending 2026.

Negative News

• HDFC Bank: The banking heavyweight remains under investor scrutiny following media reports of a regulatory probe regarding interest payments. While the bank has "strongly rejected" these claims, the news has caused short-term volatility.
• Geopolitical Tensions: Global market sentiment remains fragile due to escalating US-Iran tensions in West Asia. Rising crude oil prices resulting from this conflict are expected to weigh on the Rupee and domestic inflation when markets reopen.
• IT Sector Concerns: Legacy IT firms like Wipro and TCS continue to face headwinds as analysts flag AI-related disruptions as a major risk to traditional outsourcing models, leading to a broader derating of the sector.

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