🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Zee Entertainment: The company has bagged the exclusive broadcasting rights for the 2026 FIFA World Cup in India, a major boost for its media and sports portfolio.
• PTC Industries: Reported a stellar performance for Q4 FY26, with consolidated net profit surging 143% year-on-year to ₹0.60 billion.
• Anant Raj: The company has signed an MoU with the Haryana government to invest ₹25,000 crore for building data centers and developing cloud services.
• PNC Infratech: Shares will be in focus as the company secured the Pantnagar Airport project, strengthening its infrastructure order book.
• Equitas Small Finance Bank: Received RBI approval for Mirae Asset Mutual Fund to acquire up to a 9.5% stake in the bank.
• Black Box: Announced a strategic partnership with AIONOS to scale its AI-led infrastructure and application services globally.
• Fino Payments Bank: Partnered with Ezee.ai to build a lending ecosystem as it continues its transition toward becoming a Small Finance Bank.

Neutral Developments

• Ola Electric Mobility: The company has launched its Qualified Institutional Placement (QIP) with a floor price of ₹37.74 per share; it may offer a discount of up to 5%.
• NHPC: The Government of India is paring its stake by up to 6% through an Offer for Sale (OFS) starting today, with a base offer of 3% and a green shoe option for another 3%.
• Alkem Laboratories: A block deal is likely on the counter as the promoter trust plans to sell up to a 1.5% stake at a floor price of ₹5,200 per share.
• Wipro: Its subsidiary is set to acquire an additional 20% stake in insurtech affiliate Aggne Global for $28.5 million.
• NMDC: May business update showed robust iron ore production of 5.31 million tonnes (up YoY), though sales saw a slight decline to 4.04 million tonnes.
• Tata Elxsi: Set June 10 as the record date for a dividend of ₹75 per share for the fiscal year 2026.

Negative News

• Gujarat Gas: Reported a 47.3% decline in Q4 FY26 net profit to ₹1.52 billion, despite a 41% jump in sales, as margins remained under pressure.
• Tilaknagar Industries: The company slipped into the red, reporting a net loss of ₹0.15 billion for Q4 FY26 compared to a profit in the previous year.
• MOIL: Revised its manganese ore prices downward, cutting prices of ferro grades by 6% for the current month.
• FMCG Sector: Stocks like HUL and ITC remain under pressure following a below-normal monsoon forecast by the IMD and rising raw material costs.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex