๐ฎ๐ณ India Daybook ~ Stocks in News
Published: 2026-01-28 08:15 IST | Category: Markets | Author: Abhi
Positive Buzz
- Tata Consumer Products: Reported a robust 38% year-on-year jump in net profit to โน384.61 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 โน460 crore and revenue of โน3,537 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 โน1.50 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 โน242.50 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 โน190.10 crore for the December quarter, fueled by strong festive demand.
Neutral Developments
- Vodafone Idea: The telecom operator's net loss narrowed sequentially to โน5,286 crore from โน5,524 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 โน685 per share, scheduled for January 28โ29.
- Life Insurance Corporation (LIC): Subscribed to 5.12 lakh debentures of Bajaj Finance Limited with an aggregate value of โน5,120 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.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
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