🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• BEML: The company has secured its first-ever overseas order for metro rolling stock, receiving a Letter of Intent (LoI) worth approximately $60 million for a project in the African region.
• G R Infraprojects: The firm has emerged as the L-1 bidder for a massive NHAI construction project valued at Rs 2,441 crore, significantly strengthening its order book.
• Mankind Pharma: The company has secured exclusive rights to manufacture, market, and distribute the 'Rivotril' brand in India after acquiring the rights from Roche.
• Nazara Technologies: Its UK-based subsidiary is set to acquire a 50% controlling stake in Bluetile Games and BestPlay Systems for approximately Rs 918 crore ($100.3 million).
• Manappuram Finance: The Reserve Bank of India (RBI) has granted final clearance for Bain Capital to acquire joint control via a 41.66% stake in the company and its subsidiaries.
• Shipping Corporation of India (SCI): The company executed a shipbuilding contract with Mazagon Dock Shipbuilders for its first-ever Methanol Dual Fuel Platform Supply Vessel.
• Alkem Laboratories: The board has approved a Rs 533 crore investment to set up a new greenfield formulations facility in Ujjain.
• United Breweries (UBL): The company has received the necessary environmental clearance for its brewery located in Unnao, Uttar Pradesh.
• Urban Company: Shares are in the spotlight after SBI Mutual Fund increased its stake in the company by acquiring over 3.5 crore shares via a bulk deal.

Neutral Developments

• Vedanta & TVS Holdings: Both companies have scheduled board meetings (March 23 and March 25, respectively) to consider and approve interim dividends for the current fiscal year.
• Kotak Mahindra Bank & Federal Bank: Both lenders are in focus as they have reportedly submitted final bids to acquire Standard Chartered's India credit card portfolio of 600,000 customers.
• Infosys & ICICI Bank: The IT major and the private lender have announced their Q4 FY26 earnings release dates as April 23 and April 18, respectively.
• Bajaj Auto: The company has re-appointed Pradeep Shrivastava as a Whole-Time Director, ensuring management stability.
• R Systems: The company announced the launch of 'EXIQO,' its new AI studio designed for enterprise-scale agentic AI integration.
• Aditya Birla Lifestyle Brands: The board has approved the allotment of 50,000 Non-Convertible Debentures (NCDs) worth Rs 500 crore.

Negative News

• HDFC Bank: The bank's part-time Chairman and Independent Director, Atanu Chakraborty, has resigned with immediate effect, citing differences with the board.
• Physicswallah: The ed-tech firm has received a tax demand of Rs 263 crore; however, it continues expansion by incorporating a new arm for student housing.
• Market Sentiment: GIFT Nifty indicates a potential gap-down opening of over 500 points as Brent crude prices surged above $111/bbl amid escalating Middle East tensions and a hawkish US Fed stance.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex