🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Defence Stocks (HAL, BEL): The sector is in the spotlight following an 18% increase in Defence Capex to ₹7.85 lakh crore. The Budget's focus on indigenous jet engines and drone technology is expected to drive fresh buying interest in these heavyweights.
• Biocon & Sun Pharma: These companies are primary beneficiaries of the newly proposed ₹10,000 crore "Biopharma Shakti" program, which aims to establish India as a global hub for biologics and biosimilars.
• Power Grid: The state-owned utility reported a 6.8% YoY growth in Q3 net profit to ₹4,160 crore and declared a second interim dividend of ₹3.25 per share.
• Anant Raj: The stock is buzzing after the Budget announced a tax holiday until 2047 for foreign cloud providers using Indian data centers, directly benefiting the company's massive Delhi-NCR facility expansion.
• HBL Engineering: Shares are in focus after the company secured a significant order for 'KAVACH', the Indian Railways' indigenous automatic train protection system.
• MOIL: The state-owned manganese miner has announced a 5% price hike for various ferro grades of manganese ore, effective from February 1.
• Action Construction Equipment (ACE) & Escorts Kubota: A new government program to strengthen local production of construction machinery offers a clear competitive advantage to these manufacturers.

Neutral Developments

• Tata Steel: The company has successfully acquired a 50.01% stake in Thriveni Pellets for ₹635.13 crore, a strategic move to secure its raw material supply chain.
• Corporate Dividend Payouts: A slew of companies have announced interim dividends following Q3 results, including BPCL (₹10), Motilal Oswal (₹6), Coforge (₹4), and CG Power (₹1.30).
• Subros: The board has approved a capacity expansion for both Electric and ICE compressors with a capital investment of ₹265 crore.
• Zota Health Care: The company has signed a Memorandum of Understanding (MoU) to acquire a 100% stake in Curexis Ventures.

Negative News

• Brokerages & Exchanges (BSE, Angel One, Nuvama): These stocks are under pressure after the Budget increased STT on futures to 0.05% and options premium tax to 0.15%. Analysts expect these higher transaction costs to dampen retail F&O volumes.
• ITC Ltd: The "Sin Tax" giant faces headwinds as excise duty adjustments on tobacco are projected to lead to a price hike of nearly ₹55 per pack, potentially impacting sales volumes in the premium segment.
• PSU Banks (SBI, PNB, Bank of Baroda): Higher projected government borrowing for FY27 may tighten system liquidity and raise bond yields, potentially hurting the treasury income of these lenders in the near term.

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