🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Sterling and Wilson Renewable Energy: The company's joint venture has secured a landmark Letter of Award (LoA) for a 1,000 MWac Solar PV project and a 600 MWh Battery Energy Storage System in Egypt, valued at approximately ₹4,600 crore.
• HDFC Bank: The board has approved the appointment of former Finance Secretary and Chief Election Commissioner Rajiv Kumar as Part-time Chairman for a four-year term, effective June 30, 2026, ending months of leadership uncertainty.
• Godrej Properties: The developer has acquired a 47-acre land parcel in South Chennai (OMR) for a residential project with an estimated developable potential of 1.2 million sq. ft. and a revenue potential of ₹500 crore.
• Omaxe: Announced a massive expansion into the hospitality sector with plans to invest ₹6,200 crore to develop 19 hotels across five states over the next 4-5 years.
• Wockhardt: Received USFDA approval for "Zaynich" (cefepime and zidebactam), a novel intravenous antibiotic for treating complicated urinary tract infections in adults.
• SJVN: The company has signed Power Purchase Agreements (PPAs) with GUVNL for the supply of power from three hydro projects in Himachal Pradesh with a combined capacity of over 650 MW.
• Lupin: Received USFDA approval for its Sodium Sulfate, Magnesium Sulfate, and Potassium Chloride tablets, used for colon cleansing.

Neutral Developments

• Astral Ltd: The board has approved a strategic restructuring plan to spin off its chemicals business into a separate, independently listed company to focus on its core segments.
• Bajaj Group Stocks: Shares of Bajaj Finance, Bajaj Finserv, and Bajaj Holdings & Investment will trade ex-dividend today, which may lead to technical price adjustments.
• GIFT Nifty: Early indicators suggest a flat to mildly positive opening for the Nifty 50, with the index trading near the 23,970–24,000 range.
• LIC: The Life Insurance Corporation of India is evaluating the establishment of a dedicated fintech subsidiary to enhance its digital service capabilities.
• Rolex Rings: Fixed July 3, 2026, as the record date for its ₹180 crore share buyback program.

Negative News

• Bandhan Bank: Shares may see volatility following the resignation of CFO Rajeev Mantri, who has stepped down to pursue other professional opportunities.
• Maruti Suzuki: The company received a GST demand and penalty order totaling ₹6.9 crore from West Bengal authorities; the company intends to appeal the order.
• Zomato (Blinkit): The FSSAI has sought an explanation from the quick-commerce platform following a consumer complaint regarding food safety (contaminated curd).
• Suzlon Energy: Plans to challenge a ₹28.95 crore SEBI penalty order before the Securities Appellate Tribunal (SAT) regarding historical financial disclosure issues.
• Tata Elxsi: Received an income tax demand notice of ₹1.58 crore for the assessment year 2025-26 due to tax credit mismatches.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex