🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• SAIL & Bharat Dynamics: India and Indonesia have signed multiple defense and industrial agreements. SAIL will form a joint venture with Krakatau Steel for stainless steel production, while Bharat Dynamics has signed a deal for air-to-air missiles.
• Embassy Developments: The company reported a stellar Q1FY27 business update with pre-sales surging 338% YoY to ₹868 crore and collections rising 54% to ₹496 crore.
• Ceigall India: The company has received "appointed dates" for three major HAM road projects totaling ₹4,050 crore, including packages for the Varanasi–Ranchi–Kolkata Highway, enabling the start of construction.
• NTPC Green Energy: Declared the commercial operation of the first 50.4 MW phase of its Vanki Wind Energy Project in Gujarat. The group’s total commercial capacity now stands at 10,671.4 MW.
• Kusumgar Corporates: The ₹650 crore IPO of the engineered synthetic fabric manufacturer opens for subscription today, July 8, at a price band of ₹398–₹419.
• ideaForge Technology: The company has launched its QIP issue with a floor price fixed at ₹835.86 per share to fund its expansion plans.
• JSW Infrastructure: Its subsidiary has entered into a novation agreement with JSW Utkal Steel for the development of a captive jetty at Jatadhar Muhan, Odisha.
• RITES: The company has secured an order for an AI-native DPR appraisal platform, showcasing its growing footprint in digital infrastructure consulting.

Neutral Developments

• RCF: The Board has approved raising up to ₹1,500 crore through a Follow-on Public Offer (FPO), which will help the state-owned firm meet capital requirements.
• Tata Power: Shareholders have officially approved the appointment of Nishi Vasudeva and Deepak Kapoor as Independent Directors.
• Restaurant Brands Asia: A Lenexis Foodworks-led group has completed the acquisition of a 41.78% stake for ₹2,235 crore, becoming the new promoters of the company.
• Axis Bank: Successfully priced an additional $100 million in AT1 notes at 6.875%, bringing the total series issuance to $600 million.

Negative News

• Oil & Gas, Aviation, Paints: Brent crude prices have surged past $76 per barrel following US strikes on Iran and the revocation of oil export waivers. This is expected to put significant pressure on OMCs, airlines like IndiGo, and margin-sensitive sectors like paints and tyres.
• InterGlobe Aviation (IndiGo): Despite leading in on-time performance, DGCA data shows IndiGo's market share dipped to 64.9% in May, while the Air India Group’s share rose to 25.6%.
• Dilip Buildcon: A landslide occurred at the company's tunnel project site in Wayanad due to extreme rainfall; the company is currently assisting in rescue operations.
• Panacea Biotec: The company has moved the High Court to appeal against multiple industrial tribunal awards involving worker transfers and back-wage payments.
• Trent: The stock saw a sharp sell-off in the previous session, crashing 13% amid broader profit-booking in high-valuation retail names.

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