🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Tata Consumer Products: Reported a robust 38% year-on-year jump in net profit to ₹384.61 crore for Q3 FY26, driven by strong growth in the domestic India business.
• Marico: The FMCG major beat street estimates with a net profit of ₹460 crore and revenue of ₹3,537 crore for the December quarter; EBITDA margins also came in higher than expected.
• Granules India: Shares will be in focus after the company reported a 28% YoY rise in net profit to ₹1.50 billion, supported by strong performance in the finished dosage segment in North America.
• Torrent Pharma: The company increased its stake in JB Chemicals and received a Voluntary Action Indicated (VAI) status with zero observations from the USFDA for its Dahej facility.
• Rail Vikas Nigam (RVNL): Emerged as the L1 bidder for a South Central Railway project worth ₹242.50 crore involving overhead electrification upgradation.
• ONGC: Entered into a strategic shipbuilding contract with Samsung Heavy Industries and Mitsui O.S.K. Lines to construct two Very Large Ethane Carriers (VLECs).
• PC Jeweller: Reported a 28% increase in consolidated net profit to ₹190.10 crore for the December quarter, fueled by strong festive demand.

Neutral Developments

• Vodafone Idea: The telecom operator's net loss narrowed sequentially to ₹5,286 crore from ₹5,524 crore; revenue saw a marginal growth of 1.10% YoY.
• Vedanta: Approved a sale of a 1.59% stake in Hindustan Zinc via an Offer for Sale (OFS) with a floor price fixed at ₹685 per share, scheduled for January 28–29.
• Life Insurance Corporation (LIC): Subscribed to 5.12 lakh debentures of Bajaj Finance Limited with an aggregate value of ₹5,120 crore.
• Earnings Today: A high-volume earnings day with Larsen & Toubro (L&T), Maruti Suzuki, SBI Life, TVS Motor, Cochin Shipyard, and SBI Cards among the major companies scheduled to release their Q3 results.
• Ex-Dividend Date: Multiple stocks including KEI Industries, KPI Green Energy, K.P. Energy, and Wendt (India) turn ex-dividend today.

Negative News

• Asian Paints: Reported a 4.6% decline in Q3 profit, reflecting continued pressure on margins and muted volume growth in the decorative segment.
• Cipla: Shares may face continued pressure after reporting a sharp 57% year-on-year decline in net profit for the December quarter in its recent filing.
• Hindustan Media Ventures: The company witnessed a significant 95% dip in net profit for the third quarter, despite a slight increase in consolidated revenue.

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