🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Jio Financial Services: The company has infused ₹2,000 crore into its subsidiary, Jio Credit Ltd, to accelerate its growth and expansion in the domestic lending market.
• Shaily Engineering Plastics: The stock is in the spotlight after securing a major ₹4.23 billion order from a large domestic pharmaceutical company to supply pen injectors over a four-year period.
• MSTC: The company has emerged as the L1 bidder for a Coal India tender to act as an external service provider for conducting linkage auctions for the non-regulated sector.
• Netweb Technologies: Announced a partnership with Vertiv to deliver advanced liquid-cooled rack solutions aimed at the growing AI data center market in India.
• GMDC & NTPC: The two power and mining majors have signed an MoU to jointly explore coal and lignite gasification projects in Odisha and Gujarat.
• Brigade Enterprises: Partnered with Primus Senior Living to develop three senior housing projects in South India, with an estimated revenue potential of ₹750 crore.
• Coforge: The IT services firm has entered a strategic partnership with VHC Health to become its primary digital and IT services provider.
• Infobeans Technologies: Today is the record date for the company's 3:1 bonus issue; the stock will be adjusted to reflect the issuance of three free shares for every one held.

Neutral Developments

• Indian Oil Corporation (IOCL): The board will meet on March 6 to consider a second interim dividend; the trading window for insiders is officially closed starting today.
• IRFC: Announced that its board will meet on March 9 to consider a second interim dividend for FY26, with March 13 set as the tentative record date.
• Bharat Petroleum (BPCL): The company has expanded its global footprint by incorporating a wholly-owned subsidiary, Bharat Petroleum Global Energy Services, in Singapore.
• GAIL (India): Successfully performed the groundbreaking for its new Research and Development center in Sohna, Haryana, to boost its technical capabilities.
• Motilal Oswal: Its arm, Motilal Oswal Alternates, announced the first close of its private credit fund, "India Credit Excellence Fund - I," raising ₹1,700 crore.

Negative News

• Vishal Mega Mart: The stock may face selling pressure as Samayat Services LLP is reportedly looking to sell a 6.5% stake via a block deal at a floor price of ₹115, a 9.8% discount to the previous close.
• Sanofi India: Reported a decline in Q4 revenue to ₹4.20 billion from ₹5.15 billion year-on-year, reflecting a challenging quarter for the pharma major.
• Market Sentiment: GIFT Nifty suggests a gap-down opening of approximately 94 points, tracking a sharp decline in US chipmakers and broader caution in Asian markets.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex