🇮🇳 India Daybook: Cochin Shipyard OFS Opens, Titan Reports 41% Growth

📍 ORDER WIN

• NBCC (India): The company has secured three new Project Management Consultant (PMC) contracts from the government, further strengthening its order book in the infrastructure space.
• Dilip Buildcon: Received a provisional completion certificate for the Bengaluru–Vijayawada Expressway Package-7 HAM project, valued at ₹780.12 crore.
• Admach Systems: Announced a fresh domestic order win worth ₹94.35 lakhs for the supply of Non-Destructive Testing (NDT) equipment.

📍 ACQUISITION

• Varun Beverages: Its Kenyan subsidiary has entered into an agreement to acquire the dairy, juice, and packaged water business of Devyani Food Industries Kenya for ₹305 crore to expand its East African footprint.
• Primo Chemicals: The board has approved the acquisition of the remaining 51% stake in Flow Tech Chemicals, making it a wholly-owned subsidiary.
• Persistent Systems: Continues to be in focus following its massive €1.27 billion acquisition of Munich-based technology firm Nagarro to boost its AI capabilities.

📍 BUSINESS UPDATES

• Titan Company: Reported a robust 41% YoY growth in consumer business revenue for Q1 FY27, with the jewellery segment growing by 39% and international business surging by 128%.
• Trent: Standalone revenue for Q1 FY27 grew by 19% YoY to ₹5,666 crore; the company added 20 net stores during the quarter.
• Jubilant FoodWorks: Consolidated revenue grew 14.1% YoY to ₹2,569.3 crore in Q1, with Domino's India reporting a like-for-like sales growth of 2.5%.
• Senco Gold: Reported strong quarterly performance across its retail network, maintaining positive momentum in the luxury goods sector.

📍 CORPORATE ACTIONS

• Cochin Shipyard: The Government of India’s Offer for Sale (OFS) for a 5.04% stake opens today for non-retail investors, with the floor price attracting significant market attention.
• Avenue Supermarts (DMart): Issued commercial papers worth ₹300 crore at a 6.60% coupon rate with a maturity date of September 29, 2026.
• Dividends (Ex-Date): Several major stocks including Sun Pharma, JSW Steel, Cera Sanitaryware, and Dodla Dairy are trading ex-dividend today.
• Zen Technologies: Its subsidiary, Vector Technics, has scaled its drone propulsion manufacturing capacity to 3 lakh units annually, becoming India's largest integrated manufacturer in the segment.

📍 REGULATORY & OTHERS

• Torrent Pharmaceuticals: Received approval from NCLT Ahmedabad for the amalgamation of J.B. Chemicals & Pharmaceuticals with the company.
• Reliance Industries: SEBI has issued an administrative warning to the company’s Compliance Officer regarding alleged lapses in insider trading regulations from 2024.
• Fractal Analytics: Ashwath Bhat has resigned from his position as Chief Financial Officer.

📍 IPO & LISTING

• SME Listings: A record six SME companies—Kratikal Tech, Vinit Mobile, Sampark India Logistics, Seemax Resources, Atharva Polyplast, and Teja Engineering—are debuting on the BSE SME and NSE Emerge platforms today.

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