🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Adani Group Stocks: The conglomerate remains in the spotlight as Adani Ports reported a 21% YoY jump in net profit to ₹3,054 crore, while Adani Enterprises saw a massive profit surge to ₹5,627 crore (aided by a one-time gain). Additionally, Adani Defence & Aerospace signed an MoU with Leonardo Helicopters to establish a manufacturing ecosystem in India.
• Reliance Industries: The company’s subsidiary, Reliance Strategic Business Ventures, acquired a 50.1% stake in Sikhya Entertainment for ₹150 crore, strengthening its Jio Studios content portfolio.
• Varun Beverages: The company reported a robust 33% YoY growth in net profit at ₹260 crore for the December quarter, driven by strong volume growth.
• NBCC (India): The state-owned construction firm secured multiple new work orders worth approximately ₹271.32 crore for various infrastructure projects across India.
• Mobikwik: Shares surged after the company turned profitable, reporting a net profit of ₹4 crore for Q3 FY26 compared to a loss of ₹55 crore in the previous year.
• Alphabet (Google): Though not a domestic stock, reports of its massive 2.4 million sq. ft. office expansion in Bengaluru are expected to boost sentiment for the Indian tech and commercial real estate sectors.
• Ather Energy: The EV maker saw its shares spike after reporting a narrowed Q3 loss of ₹85 crore, supported by a significant rise in sales volumes.
• Vikran Engineering: The company incorporated a new subsidiary to execute a ₹459.20 crore solar project awarded by NTPC Renewable Energy.

Neutral Developments

• RBI Monetary Policy Committee: The three-day MPC meeting begins today, February 4. While a status quo on rates is widely expected, the market will closely monitor the commentary for future guidance.
• Earnings Today: High-profile companies including Trent, Tata Power, and Bajaj Finserv are scheduled to report their Q3 FY26 results today.
• REC Ltd: The company officially clarified that recent media reports regarding a proposed merger with PFC are not based on any factual information.
• Shipping Corporation of India (SCI): The company signed a memorandum with CONCOR and JNPA to jointly operate container vessels, aiming to streamline end-to-end logistics.
• Canara Bank: The lender successfully redeemed its Basel III AT1 bonds worth ₹120 crore, ensuring stable capital adequacy levels.

Negative News

• Bajaj Finance: The shadow lender reported a 6% YoY decline in consolidated net profit to ₹4,066 crore, as higher credit costs and margin pressure weighed on its bottom line.
• Signature Global: The real estate player reported a consolidated net loss of ₹45.33 crore for Q3 FY26, a sharp reversal from the profit recorded in the same period last year.
• FMCG Sector: The BSE FMCG index hit a 52-week low as heavyweights like HUL, ITC, and Godrej Consumer faced selling pressure due to persistent rural demand concerns and new tax implications on tobacco.
• Zydus Wellness: The company’s net loss widened to ₹40 crore for the quarter, even as revenue saw a significant uptick.
• DAM Capital Advisors: Reported a sharp 61.5% drop in net profit to ₹20.1 crore for the December quarter.
• Shriram Finance: The company informed exchanges that it has received a GST penalty order from the tax department amounting to approximately ₹46.9 lakh for FY 2022-23.

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