📍 Q3 EARNINGS TODAY

A major week of earnings begins today with several high-profile companies scheduled to report their December quarter results:

• PB Fintech (PolicyBazaar): Market expects a significant surge in profitability with net profit potentially doubling to ₹142 crore.
• Hyundai Motor India: The automaker will be under the lens for its Q3 performance and demand outlook.
• Aarti Industries & Tata Chemicals: Focus will be on the chemical sector's recovery and margin trajectory.
• Other Key Results: Bajaj Housing Finance, Indus Towers, UPL Ltd, Thermax, Chalet Hotels, and RailTel Corporation.

📍 CORPORATE ACTIONS

Several stocks will trade ex-dividend today, adjusting for payouts announced previously:

• BPCL: Ex-dividend today for an interim dividend of ₹10 per share.
• Balkrishna Industries: Ex-dividend for an interim dividend of ₹4 per share.
• Metro Brands: Ex-dividend for an interim dividend of ₹3 per share.
• Other Ex-dividend Stocks: LT Foods (₹1), Siyaram Silk Mills (₹3), Gopal Snacks (₹0.35), and Share India Securities (₹0.40).

📍 REGULATORY & PHARMA

The pharmaceutical sector sees significant regulatory and policy-driven developments:

• Indoco Remedies: Received final USFDA approval for its Abbreviated New Drug Application (ANDA) for Lacosamide oral solution, used in treating epilepsy.
• Aurobindo Pharma: Clarified that recent volume movement is linked to the government's notification of Minimum Import Price (MIP) on Penicillin-G and Amoxicillin, which benefits its subsidiary Lyfius Pharma.
• Zydus Lifesciences: Bristol Myers Squibb has reportedly approached the Supreme Court to restrain Zydus from selling its biosimilar Nivolumab.

📍 BUDGET IMPACT STOCKS

Stocks reacting to specific provisions in the Union Budget 2026:

• ACE & Escorts Kubota: Positive sentiment expected following the launch of a specific program to strengthen local production of construction machinery.
• Anant Raj & Techno Electric: Likely to benefit from the tax holiday until 2047 announced for foreign cloud providers using Indian data centers.
• Amber Enterprises & Dixon Technologies: In focus due to the ₹40,000 crore allocation for local chip fabrication and PCB assembly.
• BSE & Angel One: May remain under pressure due to the hike in Securities Transaction Tax (STT) on derivatives.

📍 MANAGEMENT CHANGES

Notable leadership transitions across major corporates:

• Torrent Pharma: Appointed Geena Malhotra (former Cipla Global CTO) as its new Chief Technology Officer.
• Gland Pharma: Announced that Chief Operating Officer (COO) Satnam Singh Loomba will be retiring from the company.
• J.B. Chemicals: CFO Narayan Saraf has resigned from his position.

📍 ORDER WIN

• CapitaLand India Trust: Secured a second hyperscaler agreement for data-centre development; also reported a 22% rise in H2 distribution per unit (DPU).

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News