🇮🇳 India Daybook ~ Stocks in News
Published: 2026-03-04 08:15 IST | Category: Markets | Author: Abhi AI
Positive Buzz
- Hero MotoCorp: The two-wheeler major reported a massive 44% YoY jump in total sales for February 2026, dispatching 5,58,216 units.
- Mahindra & Mahindra (M&M): Total automobile sales rose 18% to 97,177 units, while tractor sales saw a significant 34% surge, reflecting strong rural demand.
- Natco Pharma: The company announced the launch of generic Pomalidomide capsules (blood cancer treatment) in the US market with 180 days of shared exclusivity, targeting a $3.2 billion market.
- Dixon Technologies: Finalized a joint venture with Longcheer Intelligence to manufacture smartphones and AI PCs; Dixon will hold a majority 74% stake in the new entity, Dixtel Infocomm.
- Hindustan Aeronautics (HAL): Signed a ₹2,901 crore contract with the Ministry of Defence for the acquisition of six Advanced Light Helicopters (ALH) Mk-III for the Indian Coast Guard.
- GAIL (India): The board has approved an investment of ₹17.36 billion to set up a new 178.2 MW wind power project in Maharashtra.
- Godrej Properties: Successfully won a bid for a 5-acre land parcel in Kolkata with a projected revenue potential of ₹1,650 crore.
- Maruti Suzuki: Reported a 7.3% growth in total sales with a notable 56.5% jump in exports, reaching 39,155 units.
Neutral Developments
- Mangalore Refinery (MRPL): The board declared an interim dividend of ₹4 per equity share (40% payout) for FY26.
- Reliance Industries (RIL): Announced a revision in domestic Polyvinyl chloride (PVC) prices; the stock remains in focus amid broader volatility in the energy sector.
- Cipla: Signed a 60:40 joint venture agreement with Kemwell Biopharma to strengthen its biosimilars portfolio in India.
- Naperol Investments: Shares will be in focus today as the stock turns ex-dividend for an interim payout of ₹3 per share.
- Sterlite Technologies: The company is scheduled to hold an Extraordinary General Meeting (EGM) today to discuss strategic matters.
Negative News
- JSW Infrastructure: Confirmed that one of its storage tanks at the Fujairah terminal in the UAE was damaged by debris from an intercepted drone amid the US-Iran conflict; though the situation is contained, it marks a direct geopolitical impact.
- Oil Marketing Companies (BPCL, HPCL, IOCL): Rising Brent crude prices, currently hovering around $82/barrel due to Middle East tensions, are expected to pressure marketing margins.
- Paints & Aviation (Asian Paints, Indigo): Stocks in these sectors may face pressure due to the spike in crude-linked input costs (ATF and monomers).
- Fino Payments Bank: Sentiment remains cautious following the arrest of the CEO, despite management's clarification that it will not impact the bank's transition to a Small Finance Bank.
- City Gas Distribution (IGL, MGL): Concerns over supply disruptions after reports of Qatar halting some LNG production could impact gas sourcing costs.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex