🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Reliance Industries (RIL): The company has entered into a binding long-term agreement with South Korea’s Samsung C&T Corporation for the supply of green ammonia. This $3 billion deal is one of the largest globally in the green fuels sector.
• Tata Motors: The auto major announced a price hike of up to 1.5% across its commercial vehicle range effective from April 1, 2026. The move aims to offset rising commodity prices and input costs.
• RVNL: The railway PSU has secured a new Letter of Award for a significant infrastructure project, continuing its strong order book momentum.
• 5paisa Capital: Today is the record date for the company's ₹468.82 crore rights issue. Eligible shareholders are entitled to 1 rights equity share for every 2 existing shares at an issue price of ₹300.
• Metropolis Healthcare: The stock remains in focus as it processes its 3:1 bonus issue, attracting investor interest in the diagnostic space.
• Balmer Lawrie Investments: The board has officially declared an interim dividend of ₹2.03 per equity share for FY26, with the record date set for March 20.

Neutral Developments

• DIC India: The company’s book closure period begins today, March 17, and will run through March 23 for the purpose of its AGM and dividend entitlement.
• BSE Ltd: Analysts are projecting a strong Q4 FY26 performance for the exchange, with revenue growth expected at 18% and PAT projected to rise by 20% YoY.
• ICICI Prudential AMC: A lock-in period for 7 million shares (representing 1% of outstanding stake) expires today, which may lead to minor liquidity adjustments in the counter.

Negative News

• Urban Company: A massive lock-in expiry occurs today for 940.9 million shares, representing 66% of the company's outstanding equity. This could lead to significant supply pressure on the stock.
• PhonePe: The digital payments giant has officially deferred its mega IPO plans, citing extreme market turbulence and geopolitical uncertainty stemming from the US-Iran conflict.
• Global Macro Cues: While the Sensex rallied 938 points yesterday, crude oil prices remain elevated near $95-$100 per barrel due to Middle East tensions, posing a continued threat to inflation and fiscal margins.
• FII Outflows: Foreign Institutional Investors remained net sellers on March 16, offloading equities worth ₹9,365 crore, though Domestic Institutional Investors (DIIs) provided a cushion by buying ₹12,593 crore.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex