🇮🇳 India Daybook ~ Stocks in News**
Published: 2026-03-02 08:15 IST | Category: Markets | Author: Abhi AI
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Positive Buzz
- Tata Steel: The steel major received a significant boost as it won an income tax appeal allowing an interest deduction of ₹518.76 crore related to its Corus acquisition. This ruling reduces the company's total tax exposure for the FY2008–2015 period.
- Eicher Motors: The company reported an 11% year-on-year growth in total motorcycle sales for February 2026, reaching 1,00,905 units. Additionally, it announced a ₹958 crore expansion at its Cheyyar plant to significantly boost production capacity.
- NBCC India: The state-owned construction firm has bagged a large-scale redevelopment order, further strengthening its order book and visibility for the upcoming fiscal year.
- Brigade Enterprises: The real estate developer has unveiled its new "Stellaris" project in Chennai, signaling aggressive expansion in the residential segment.
- Zaggle Prepaid Ocean Services: The company signed a one-year contract with Chennai Super Kings Cricket Limited to provide corporate expense cards for their employees and associates.
- Larsen & Toubro (L&T): The infrastructure giant remains in focus following new domestic order wins in the green energy and defense sectors, aligned with the government's self-reliance initiatives.
Neutral Developments
- Auto Sector: Shares of Maruti Suzuki, Tata Motors, and Mahindra & Mahindra will be in the spotlight today as the market processes February 2026 sales figures. Early estimates suggest steady demand in the SUV and EV segments.
- Corporate Actions (Ex-Date): Several companies are trading ex-date today, including Varvee Global (Stock Split 10:5), Foce India (Bonus Issue 7:5), and HealthCare Global Enterprises (Rights Issue).
- Altius Telecom Infrastructure Trust: Today is the record date for determining shareholder eligibility for its upcoming income distribution.
- Siemens Energy & Polycab India: These stocks have been highlighted by major brokerages as key picks for the week based on industrial growth trends and infrastructure spending.
Negative News
- Fino Payments Bank: The stock is expected to face significant pressure following reports of the arrest of CEO Rishi Gupta. The company has appointed its CFO as the interim head to manage operations.
- Oil Sensitives (ONGC, HPCL, BPCL, IOC): Marketing margins and operational costs are under threat as Brent crude surged nearly 13% following military escalations in the Middle East.
- InterGlobe Aviation (IndiGo): The aviation leader faces twin headwinds from rising Aviation Turbine Fuel (ATF) prices and increased operational costs due to airspace closures necessitating longer flight rerouting.
- IT Sector: Sentiment remains cautious for major IT firms like Infosys and TCS as investors reassess earnings risks following new AI-related disruptions and global volatility.
- Sammaan Capital: The stock has entered the NSE’s F&O ban list for today’s session.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: ** Stocks in News Stock Market Buzzing Stocks Nifty Sensex