🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Vikran Engineering: The company has successfully bagged a massive project worth ₹3,500 crore and is reportedly eyeing a significant push into the data centre segment.
• Poonawalla Fincorp: In its Q1 business update, the company reported its Assets Under Management (AUM) reached approximately ₹67,000 crore with a strong liquidity position of ₹4,000 crore.
• Nykaa: The beauty and fashion retailer expects a robust nearly 30% net revenue growth for Q1 FY27, driven primarily by strong performance in its fashion segment.
• SIS: The company increased its stake in Updater Services to 5.17% after acquiring an additional 2 lakh shares.
• Radico Khaitan: The liquor major anticipates a 20% growth in its premium-and-above segment, signaling strong consumer demand in the high-end category.
• Biocon & Lupin: Both pharma majors are seeing positive momentum; analysts have set upside targets of ₹485 for Biocon and ₹2,580 for Lupin.
• IndusInd Bank: Identified as a top pick in the banking sector with an upside target of ₹1,020 following strong technical strength.
• Electronics Mart India: Targeted for an upside move towards ₹165-₹200 based on strong momentum in the electronics retail space.
• EPL: The company has infused an additional ₹14.5 crore into its subsidiary, EPL Packaging, to strengthen its operations.

Neutral Developments

• NSE: The exchange is planning to launch quanto cross-currency derivatives and is currently awaiting approval from the RBI.
• Aster DM Healthcare: The company has officially changed its name to Aster DM Quality Care to reflect its updated corporate identity.
• Belrise Industries: Received 'no adverse observation' letters from both BSE and NSE regarding its proposed merger with Badve Engineering.
• Corporate Actions (Dividends): Several stocks are trading ex-dividend today, including Sundaram Finance (₹24/share), Pilani Investment (₹9/share), and DCM Shriram International (₹0.40/share).
• Board Meetings: Apollo Micro Systems and SEPC are scheduled to meet today to consider various fund-raising proposals.
• IC Electricals: The company’s initial public offer (IPO) enters its second day of subscription today.

Negative News

• Supriya Lifescience: The Customs Department has initiated an investigation against the company's General Manager, Sreekant Sreedharan, who has been granted judicial custody until July 17 over export transaction lapses.
• Bajaj Consumer Care: The management has flagged early signs of cost inflation, which could potentially impact margins in the coming quarters.
• Vedanta (Copper India): While reporting high Q1 sales, the company saw a 51% YoY decline in Fujairah copper rod sales due to the ongoing closure of the Strait of Hormuz.
• Monsoon Concerns: Market sentiment remains cautious as June rainfall was reported to be 40% below the Long Period Average (LPA), raising concerns over rural demand and food inflation.

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