🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Tata Consultancy Services (TCS): The IT giant reported a 5% YoY rise in net profit to ₹13,349 crore for Q1 FY27, with revenue growing 14% to ₹72,275 crore. The company highlighted a robust order book of $9.5 billion and an annualized AI revenue run rate of $2.6 billion, while declaring an interim dividend of ₹12 per share.
• Anand Rathi Wealth: The firm posted a stellar 73.6% YoY jump in consolidated net profit to ₹163 crore for the June quarter, supported by a 17.5% increase in revenue.
• Dixon Technologies: Shares are in focus after signing a definitive joint venture agreement with Vivo Mobile India to manufacture electronic devices and smartphones, with Dixon holding a controlling 51% stake.
• Mahindra & Mahindra: The automaker reported strong momentum for June 2026, with total sales reaching 1,03,502 units compared to 78,142 units in the same month last year, reflecting a significant growth trajectory.
• Premier Energies: The company inaugurated a massive 5.6 GW solar module manufacturing facility in Telangana and commenced work on a new 6 GWh Battery Energy Storage System (BESS) facility.
• Muthoot Microfin: Reported healthy operational growth with Assets Under Management (AUM) rising 18% YoY to ₹14,457 crore and disbursements surging 49% to ₹2,645 crore.
• JSW Cement: The company has announced aggressive expansion plans to increase its total cement capacity to 60 MTPA through upcoming projects in Nagaur, Vijayanagar, and Dolvi.

Neutral Developments

• CONCOR & GAIL: The two entities have signed a Memorandum of Understanding to set up an LNG dispensing station at CONCOR’s Inland Container Depot in Ahmedabad to promote cleaner logistics fuels.
• Great Eastern Shipping: The company expanded its fleet by taking delivery of the 'Jag Laxman,' a Long Range 2 tanker, funded entirely through internal accruals.
• Rashtriya Chemicals and Fertilizers (RCF): The board is considering an equity expansion through a Follow-on Public Offer (FPO) to fund future growth initiatives.
• Mangalam Worldwide: The stock will be in focus as it undergoes a stock split from a face value of ₹10 to ₹1 per share effective today.
• Mahindra Logistics: The company has fixed today as the record date for its final dividend of ₹2.50 per share.

Negative News

• Dr. Reddy’s Laboratories: The pharmaceutical major has initiated a voluntary recall of select batches of its Semalix injection disposable pens following a notification from the manufacturer, though the company noted no immediate risk to patients.
• TCS Margins: Despite YoY profit growth, the company's EBIT margin contracted to 24% from 25.3% in the year-ago period, primarily due to the impact of annual wage hikes and pricing pressures.

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