🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Ashok Leyland: The company has commenced the groundbreaking for a new battery-pack manufacturing facility in Tamil Nadu with a planned investment of ₹400–500 crore, signaling a strong push into the EV ecosystem.
• Wipro: Announced the signing of a multi-year contract with TruStage to modernize and transform their retirement services operations.
• Morepen Labs: The company has fully repaid all credit facilities to Kotak Mahindra Bank, receiving a No-Dues Certificate and strengthening its balance sheet.
• Phoenix Mills: Its subsidiary, Classic Mall, has increased its stake in Torrent to 34.23% following the allotment of 70 lakh Class A equity shares.
• Hatsun Agro: The NCLT has sanctioned the merger of its subsidiary, Milk Mantra Dairy, with the company, streamlining its corporate structure.

Neutral Developments

• Dividend Ex-Dates: Several major stocks will trade ex-dividend today, including R Systems International (₹6/share), Indian Oil Corporation (₹2/share), and Sun TV Network (₹1.25/share).
• Rights Issues: Maruti Interior Products (3:1 ratio at ₹10) and Vertex Securities (1:1 ratio at ₹2) trade ex-rights today.
• V2 Retail: The company has officially set March 26, 2026, as the record date for its upcoming stock split.
• eClerx Services: March 12 marks the final day for investors to purchase shares to qualify for the company's 1:1 bonus issue ahead of the ex-date on March 13.
• Craftsman Automation: The board has approved a draft scheme to merge multiple subsidiaries, including DR Axion India, into Sunbeam Lightweighting Solutions.

Negative News

• Borosil: The company has temporarily suspended production at its borosilicate glass furnace and reduced capacity at opal glass furnaces due to severe LPG supply disruptions linked to regional geopolitical issues.
• Wardwizard Innovations: Reported a dismal Q3 FY26 performance with net profit plunging 99% year-on-year to just ₹0.03 crore, down from ₹3.82 crore.
• F&O Ban: The National Stock Exchange has placed SAIL and Sammaan Capital under the F&O ban for today’s session after they crossed the 95% market-wide position limit.
• Aviation & OMCs: Stocks like InterGlobe Aviation (IndiGo) and SpiceJet may face headwinds as Brent crude surges toward $100/barrel, potentially impacting operating margins.

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

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