๐ฎ๐ณ India Daybook ~ Stocks in News
Published: 2026-02-24 08:15 IST | Category: Markets | Author: Abhi AI
Positive Buzz
- Bharti Airtel: The company, along with Bharti Enterprises, has committed a massive โน20,000 crore investment to capitalize its NBFC arm, Airtel Money, to strengthen its financial services footprint.
- Chalet Hotels: The Board has approved a significant investment of โน632.8 crore for the development of a new 330-room luxury hotel project in Hyderabad.
- Patel Engineering: The company has emerged as the L1 (lowest) bidder for a new irrigation project in Maharashtra valued at โน133.25 crore.
- Samvardhana Motherson: The company has expanded its manufacturing capabilities by inaugurating a new automotive lighting plant in Sanand, Gujarat, through its joint venture with Marelli.
- Intellect Design Arena: The fintech leader has launched "Enterprise Security TeamSpace," an AI-based solution for physical security and enterprise operations.
- Pine Labs: The digital payments firm has secured multi-year deals with various Oil Marketing Companies (OMCs) to provide payment solutions.
- Small-cap Stocks: A recent earnings report highlights that small-cap companies have outpaced large-caps with a robust 22% YoY earnings growth in Q3 FY26, signaling a broad-based recovery.
Neutral Developments
- IDFC First Bank: Top management has assured the Haryana government of an expedited payment of โน590 crore to settle an unreconciled amount following a branch-level fraud case.
- One Mobikwik Systems: Its subsidiary, Mobikwik Securities Broking, has received BSE approval to launch stockbroking operations, marking the companyโs entry into equity markets.
- Mahindra & Mahindra (M&M): The company has named Suresh Agarwal as the MD & CEO-designate for its life insurance joint venture with Manulife.
- RBL Bank: The Reserve Bank of India (RBI) has approved the reappointment of Chandan Sinha as the Non-Executive Chairman.
- Corporate Actions: AK Capital Services (โน22/share dividend), Hilton Metal Forging (Rights Issue), and Padam Cotton Yarns (Rights Issue) will trade ex-date today.
Negative News
- IT Stocks (Infosys, Wipro, Tech Mahindra): The sector is expected to face pressure today after US-listed ADRs of major Indian IT firms tumbled overnight; Infosys fell 5% and Wipro dropped 3% amid growing concerns over AI-led disruptions.
- Vodafone Idea (Vi): Analysts have expressed caution, suggesting that the companyโs โน45,000 crore capex plan may be insufficient to regain lost market share in the highly competitive telecom space.
- Market Sentiment: Persistent geopolitical tensions between the US and Iran, combined with fresh global tariff uncertainties, are likely to keep the broader market volatile and risk-averse in the near term.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex