🇮🇳 India Daybook: Coal India OFS, LIC Bonus, and Bajaj Auto Dividend in Focus**

The Indian stock market is set to reopen on Friday, May 29, 2026, following a holiday for Bakri Id, with investors closely watching geopolitical developments and a flurry of corporate actions. Key highlights include the continuation of the Coal India OFS, the ex-date for LIC's bonus issue, and significant earnings reactions from firms like Bharat Dynamics and Ashok Leyland.

📍 DIVIDEND & BONUS

• Bajaj Auto: The company has fixed May 29 as the record date for its recommended dividend of ₹150 per share for the financial year ended March 31, 2026.
• LIC (Life Insurance Corporation): Shares will trade ex-bonus today, May 29, as the company processes its recently announced bonus issue for shareholders.
• Procter & Gamble Health: The board has recommended a dividend of ₹45 per equity share following a strong 30% growth in FY26 profit.
• Black Box: The company has declared a 50% dividend for its shareholders following a robust fiscal year performance.

📍 EARNINGS

• Bharat Dynamics: Reported a significant 58.5% YoY drop in Q4 FY26 net profit, which may lead to selling pressure in today's session.
• Ashok Leyland: The commercial vehicle major posted a 14% YoY rise in net profit for the fourth quarter, supported by steady demand.
• Concord Control Systems: Reported record FY26 results with revenue up 69% and PAT surging 88%; the company is scheduled to meet with institutional investors today.
• Enviro Infra Engineers: Despite a 29% drop in Q4 profit to ₹51.9 crore, the company's order book has surged 242% YoY to a record ₹6,813 crore.
• Pine Labs: Reported a significant turnaround in Q4 FY26, posting a net profit of ₹59 crore compared to a loss in the previous year.

📍 ORDER WIN / BUSINESS UPDATE

• Black Box: The company announced that its order backlog has grown 57% YoY to approximately ₹7,000 crore ($792 million), providing strong revenue visibility for FY27.
• ONGC: Management indicated that natural gas is expected to become an increasingly dominant and profitable segment as high-priced gas production ramps up.
• Apollo Micro Systems: Shares remain in focus after reporting a 163% jump in net profit and an 81% increase in revenue for the recent quarter.
• Reliance Industries (RIL): The company has officially announced June 19, 2026, as the date for its 49th Annual General Meeting (AGM).

📍 OFFER FOR SALE (OFS)

• Coal India: The government’s offer for sale (OFS) to divest up to a 2% stake continues today, May 29, for retail investors. The floor price has been set at ₹412 per share, a discount to its recent closing price.

📍 STOCKS TO WATCH (ANALYST PICKS)

• Intraday Picks: Analysts have flagged Bajaj Auto, Coal India, Zomato (Eternal), NTPC, and Axis Bank as key stocks to watch for momentum plays.
• Delivery Picks: Technical experts recommend watching Welspun Corp, Ola Electric, and IDFC First Bank amid the current market volatility.

TITLE: 🇮🇳 India Daybook: Coal India OFS, LIC Bonus, and Bajaj Auto Dividend in Focus

SUMMARY: Indian markets reopen today after a mid-week holiday with a heavy focus on corporate actions including the LIC bonus ex-date and Coal India's stake sale. While earnings from Bharat Dynamics and Ashok Leyland will drive sectoral moves, the record order books of Black Box and Enviro Infra provide long-term optimism.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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