** 🇮🇳 India Daybook ~ Stocks in News
Published: 2026-02-26 08:15 IST | Category: Markets | Author: Abhi AI
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Positive Buzz
- Larsen & Toubro (L&T): The company’s Power Transmission & Distribution vertical has secured "major" EPC orders valued between ₹5,000 crore and ₹10,000 crore for electricity grid elements in India and the Middle East.
- Reliance Industries (RIL): Meta Platforms' subsidiary, Facebook Overseas Inc, has acquired a 30% stake in Reliance Enterprise Intelligence (REIL) for ₹853 crore, making REIL a step-down subsidiary of RIL.
- Engineers India Ltd (EIL): The board is meeting today to consider a second interim dividend for FY26. The company recently reported a threefold increase in Q3 net profit to ₹347.2 crore.
- Shaily Engineering Plastics: The company bagged a contract worth ₹423 crore from a large Indian pharmaceutical company for the manufacture and supply of pen injectors over the next four years.
- Metal Sector (Tata Steel, SAIL, Vedanta, NALCO): Sentiment remains buoyant after a 7% rally in the previous session; analysts project a further 15-25% upside due to strong domestic demand and new "green steel" policies.
- Oberoi Realty: The company’s Sky City Mall in Borivali, Mumbai, officially opens today, featuring Apple’s second retail store in the city, which is expected to boost the project’s premium positioning.
- SBI Life Insurance: The board has declared an interim dividend of ₹2.70 per equity share for the financial year 2025-26.
- Canara Bank: The bank is scheduled to raise up to ₹5,000 crore today through the issuance of Tier 2 bonds on the NSE electronic bidding platform.
- Eris Lifesciences & Natco Pharma: The companies have partnered to launch generic semaglutide in India to target the rapidly growing diabetes market.
Neutral Developments
- Vesuvius India: The board meets today to approve audited financial results for the quarter and year ended December 31, 2025, and to recommend a final dividend.
- John Cockerill India: The company will hold its board meeting today for results and dividend consideration; an earnings call is scheduled for 3:00 PM IST.
- Tata Capital: Its subsidiary, Tata Capital Housing Finance, has approved a rights issue worth ₹650.02 crore.
- Iykot Hitech Toolroom: Trading in 1.94 lakh converted fully paid-up equity shares will commence today on the BSE following rights issue conversion.
Negative News
- Sanofi India: The company reported a significant decline in Q4 net profit to ₹61.7 crore versus ₹91.3 crore year-on-year. It has recommended a final dividend of ₹48 per share.
- KSB: Q4 net profit fell sharply to ₹10.8 crore compared to ₹73 crore in the same period last year, despite a slight increase in revenue.
- Solar Stocks (Waaree Energies, Vikram Solar, Premier Energies): These stocks may face pressure following the US Department of Commerce's preliminary decision to impose a 125.87% countervailing duty on certain Indian solar imports.
- Indian Railway Finance Corp (IRFC): The Government of India decided not to exercise the 2% greenshoe option in its recent Offer for Sale (OFS), limiting the total divestment to the base offer of 2%.
- Nova Iron & Steel: The company is scheduled to consider results today but remains under watch due to a pending insolvency application filed by a financial creditor.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: ** Stocks in News Stock Market Buzzing Stocks Nifty Sensex