🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Reliance Industries: The company is in the spotlight after US President Donald Trump announced a historic $300 billion deal for a new oil refinery at the Port of Brownsville, Texas. Reliance is reportedly backing the project, which is designed to process 100% US-produced shale oil.
• JK Lakshmi Cement: The company has been declared the preferred bidder for a large limestone block in Assam covering 405 hectares. Additionally, its board approved the acquisition of a 77.96% stake in NECEM Cements for ₹19 crore to expand its regional footprint.
• Gravita India: The recycling giant has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries for ₹559.08 crore, a move expected to significantly enhance its metal recycling capacity by the end of March 2026.
• ACME Solar Holdings: The company’s subsidiary has successfully commissioned the second phase of its battery energy storage system (BESS) project, adding 33.33 MW / 160.51 MWh to its operational capacity.
• NBFC Stocks: Brokerage firm Nomura has initiated coverage with 'Buy' ratings on Tata Capital, Piramal Finance, and L&T Finance, projecting high-teens loan growth through FY28.

Neutral Developments

• Tata Motors: The board has approved a new Share-based Long Term Incentive Scheme involving over 23 lakh equity shares. While a positive internal development, the stock remains under pressure, recently touching a new 52-week low of ₹328.35.
• Manorama Industries: The board of directors has approved a proposal to raise up to ₹500 crore via Qualified Institutional Placements (QIP) or other debt/equity instruments to fund future growth.
• HDFC Bank: The private lender has notified customers of a scheduled four-hour system maintenance window on March 14, 2026, during which UPI, NEFT, and IMPS services will be temporarily unavailable.
• Avenue Supermarts: The operator of D-Mart continues its steady expansion, announcing the opening of two new stores in Pune and Chilakaluripeta, taking its total count to 463 stores.

Negative News

• Balaji Amines: The company reported severe logistical disruptions in procuring ammonia due to the ongoing Middle East conflict. Consequently, several of its manufacturing plants are currently non-operational.
• Tata Steel: The steel major has filed an appeal against a ₹1,132 crore GST demand and penalty order issued by the Jharkhand GST authorities, seeking a total quashing of the demand.
• Anil Ambani Group: The Enforcement Directorate (ED) has attached fresh assets worth ₹581 crore belonging to Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL) as part of an ongoing money laundering investigation.
• Market Outlook: Nifty and Sensex are expected to open with a significant gap-down today, tracking a 9% surge in Brent crude prices which settled above $100 per barrel following news of military strikes in the Middle East.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex