🇮🇳 India Daybook: Tata Steel Profit Soars 823%, Fractal Analytics IPO Debuts
Published: 2026-02-09 07:15 IST | Category: Markets | Author: Abhi
📍 EARNINGS TODAY
- BSE Ltd: The exchange major is scheduled to release its Q3 FY26 results today.
- Zydus Lifesciences: Market expects steady growth in the US formulations business.
- Aurobindo Pharma: Analysts will track specialty drug pipeline updates in today's Q3 report.
- Others: GlaxoSmithKline Pharmaceuticals, KPR Mill, Navin Fluorine International, and Bata India are also slated to announce their December quarter earnings.
📍 EARNINGS REACTION
- Tata Steel: Reported a stellar 823.9% YoY increase in net profit to ₹2,730 crore for Q3 FY26, significantly beating street estimates due to lower input costs.
- BEML: While revenue grew 23.7% to ₹1,083.27 crore, the company saw a sharp 94% decline in EBITDA to ₹4 crore, with margins contracting to 0.33%.
📍 IPO WATCH
- Fractal Analytics: The AI and analytics firm's IPO opens today with a price band of ₹857–₹900 per share.
- Aye Finance: The micro-lending platform's initial public offering also hits the market today, priced between ₹122 and ₹129.
📍 CORPORATE ACTIONS
- Power Grid (PGCIL): Today is the record date for an interim dividend of ₹3.25 per share.
- Bharat Dynamics (BDL): Investors holding the stock today are eligible for the ₹4.50 interim dividend.
- Container Corp (CONCOR): Record date for an interim dividend of ₹3.40 per share.
- Go Fashion: Shares will be in focus following the announcement of a share buyback program.
- HealthCare Global (HCG): Trading window for designated persons is closed from today ahead of a board meeting on February 17 to consider a rights issue.
📍 STRATEGIC DEALS & UPDATES
- Maruti Suzuki: The auto major signed a Memorandum of Agreement (MoA) with the Andhra Pradesh government to establish four automated driving test tracks.
- Godrej Agrovet: Announced the launch of 'TAKAI', a new insecticide designed to protect rice crops from invasive pests.
- Max Healthcare: The company is scheduled to participate in the Nuvama India Investor Conference today to discuss future expansion plans.
📍 MACRO UPDATE
- India-US Trade Deal: Sentiment in export-oriented sectors like Textiles and Pharma is expected to remain high following an interim trade agreement between New Delhi and Washington.
📍 BROKERAGE PICKS
- Bharti Airtel: Recommended as a 'Buy' by Choice Broking with a target of ₹2,180.
- Hindustan Unilever (HUL): Analysts suggest a 'Buy' at ₹2,424 with a target of ₹2,600, citing early signs of a trend reversal.
TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News
Tags: India Daybook Stocks in News Corporate News Stock Market Company News