🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Wipro: The stock is expected to see a significant rally today after its American Depositary Receipts (ADRs) skyrocketed 18.5% on the New York Stock Exchange during the Indian market holiday.
• Ashok Leyland: The commercial vehicle giant reported its highest-ever Q4 net profit of ₹1,405 crore, marking a 13% YoY growth. The company also saw a 17.4% rise in revenue for the quarter.
• Goodyear India: Net profit for the fourth quarter nearly doubled to ₹9.7 crore compared to ₹4.9 crore YoY, supported by a sharp 382 bps expansion in EBITDA margins.
• Vadilal Industries: The company posted a robust Q4 with net profit surging to ₹54.9 crore from ₹22 crore YoY. The board has also declared a substantial dividend of ₹43 per share.
• Elgi Equipments: Reported a 25.5% YoY increase in consolidated net profit to ₹128 crore for the March quarter, alongside a dividend recommendation of ₹2.70 per share.
• Jagran Prakashan: FY26 consolidated net profit jumped 97% to ₹184.93 crore. The board approved an interim dividend and a special dividend totaling ₹10 per share.

Neutral Developments

• Reliance Industries (RIL): The conglomerate is seeking shareholder approval for internal transactions worth over ₹16.64 trillion involving Jio Platforms and Reliance Jio Infocomm over the next five years.
• Coal India: The retail portion of the government's Offer for Sale (OFS) opens today, May 29, following a successful non-retail bidding session earlier in the week.
• Life Insurance Corporation (LIC): Shares will be in the spotlight as today is the record date for the company's 1:1 bonus issue, which will lead to a price adjustment.
• Zydus Lifesciences: The stock will be closely watched as today marks the record date for its share buyback program.
• Earnings Calendar: A massive list of companies will report results today, including Asian Paints, InterGlobe Aviation (IndiGo), NMDC, IREDA, Gujarat Gas, Glenmark Pharma, and BEML.
• Ex-Dividend Stocks: Several heavyweights including Bajaj Auto (₹150/share), Bank of India, GSK Pharma, and ICICI Lombard are trading ex-dividend today.

Negative News

• Bata India: The footwear major reported a sharp 95.2% decline in consolidated net profit to ₹2.2 crore for Q4, severely impacted by a one-time loss of ₹28 crore.
• Market Sentiment: GIFT Nifty futures indicate a weak start, with some trackers suggesting a gap-down opening of over 100 points as the market adjusts to global volatility during the holiday break.

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