🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Schaeffler India: The company reported a strong set of quarterly results with net profit rising to ₹322.36 crore compared to ₹237.28 crore in the same period last year. Revenue for the quarter stood at ₹2,724.2 crore.
• Waaree Energies: The stock remains in focus after securing a significant new order and announcing a strategic collaboration in the green hydrogen sector.
• H.G. Infra Engineering: The company has been declared the L-1 (lowest) bidder for a major six-lane ring road project in Odisha, valued at ₹1,582 crore.
• JSW Energy: The company received approval from both BSE and NSE for the listing of 95.23 lakh preferential shares, boosting capital structure visibility.
• Bharti Airtel: Citigroup has maintained a 'Buy' rating with a target price of ₹2,380, citing the company's strategic foray into the NBFC sector via a planned ₹20,000 crore capital infusion as a long-term growth driver.
• Tata Steel & Reliance Industries: These heavyweights showed resilience in the previous session's bloodbath and are expected to lead the recovery in the opening trade today.

Neutral Developments

• IRFC (Indian Railway Finance Corp): The government’s Offer for Sale (OFS) for a 4% stake opens today for non-retail investors. The floor price is set at ₹104 per share, which is a discount to recent market prices.
• Aditya Infotech: Market reports suggest that promoters and Dixon Technologies may sell up to a 5.8% stake in the company through a block deal today. The deal size is estimated at approximately ₹1,000 crore.
• Omnitech Engineering: The company’s ₹583 crore Initial Public Offering (IPO) opens for subscription today with a price band of ₹216–227 per share.
• Earnings Today: Several companies are scheduled to report their quarterly results, including KSB Ltd, Sanofi India, Sanofi Consumer Healthcare, and Foseco India.
• Bank Nifty: Analysts expect the banking index to consolidate within the 60,000–61,750 range, noting that PSU banks continue to outperform the broader market.

Negative News

• IT Sector (Infosys, TCS, Tech Mahindra): Technology stocks remain under pressure following a sharp decline on Tuesday. Concerns regarding AI-led disruptions and potential US tariff threats continue to weigh on investor sentiment for the sector.
• ITC: CLSA has issued a cautious note, cutting the target price significantly to ₹367 from ₹485. The downgrade follows concerns over the impact of increased indirect taxes on cigarette volumes and margins.
• ABB India: Kotak Institutional Equities has downgraded the stock to 'Reduce' with a target price of ₹5,750, suggesting that current valuations may be stretched despite decent execution in the last quarter.
• Realty Stocks: The sector saw significant selling pressure in the previous session, with companies like SignatureGlobal leading the decline, as higher volatility keeps buyers on the sidelines.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex