🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Marico: The FMCG major reported strong double-digit volume growth in the domestic market for Q1. The company expects revenue growth in the early twenties, supported by international momentum and softer copra prices.
• Dhanlaxmi Bank: The lender posted a robust 26.5% YoY increase in gross advances to ₹157.85 billion. A standout highlight was the 75.9% surge in gold loans, reflecting high demand in the segment.
• Bajaj Finance: In its Q1 business update, the NBFC reported a 24% YoY growth in Assets Under Management (AUM) to ₹5.47 lakh crore. New loans booked during the quarter rose by 20% to 16.13 million.
• CSB Bank: The bank's gold loan advances jumped 47% YoY to ₹21,906 crore. Total deposits grew 26%, while gross advances saw a 24% increase for the quarter ended June 2026.
• NLC India: Its subsidiary, NLC India Renewables, has secured a major 600 MW solar power project in Uttar Pradesh. Separately, the company saw a leadership transition with Sanoj Kumar Jha assuming additional charge as CMD.
• NMDC: The mining giant reported strong iron ore production figures for June, sustaining its growth trajectory.
• V2 Retail: The company signaled strong Q1 growth momentum in its latest operational update, attracting investor interest in the retail space.
• SBC Exports: The company secured a six-month extension for its manpower services contract from MPMMCC-BHU, Varanasi, valued at ₹32 crore.

Neutral Developments

• Adani Enterprises: The flagship firm launched its Qualified Institutional Placement (QIP) on July 2 with a floor price of ₹3,034.68 per share to fund its expansion plans.
• Ex-Dividend Stocks: A host of major companies are trading ex-dividend today, including Tech Mahindra (₹36/share), Mahindra & Mahindra, Union Bank of India, Redington, and Thermax.
• Mphasis: The board has re-appointed Nitin Rakesh as the CEO and Managing Director for a further period of five years.
• Indian Bank: The lender revised its Treasury Bill Linked Lending Rates (TBLR), with minor adjustments ranging from a 5 bps reduction in short-term rates to a 10 bps increase in long-term rates.
• Bikaji Foods: The company has successfully completed the acquisition of a 74% stake in Jai Barbareek Dev Snacks, making it a subsidiary.

Negative News

• Global Cues: Asian markets, particularly Japan’s Nikkei 225, traded lower as investors rotated out of technology stocks following a weak lead from the Nasdaq overnight.
• Sectoral Pressure: The Power and Telecom sectors witnessed selling pressure in the previous session, a trend that may weigh on sentiment for stocks like Bharat Elec and major telcos.
• Regulatory Risks: Analysts have flagged rising regulatory risks for "tollbooth monopoly" stocks, specifically noting that market coupling and policy changes could impact platforms like IEX.
• Banking Laggards: Despite the broader rally, Axis Bank and Kotak Mahindra were among the top losers in the previous session, indicating selective selling in the private banking space.

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

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