🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• GR Infraprojects: The company has secured a significant order worth ₹2,440.87 crore from the National Highways Authority of India (NHAI) for the construction of a greenfield section of NH-33 in Bihar.
• SEPC Ltd: The board has approved the acquisition of a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC for ₹1,530 crore, aimed at expanding its global oil and gas footprint.
• Coal India: The state-run miner is set to unlock value by divesting up to a 25% stake in its subsidiaries, South Eastern Coalfields and Mahanadi Coalfields, via an Offer for Sale (OFS) and a potential IPO for SECL.
• Wipro: The IT major has expanded its international operations by launching a new Innovation Lab in Seoul, South Korea, focusing on co-creation and rapid solution development for local clients.
• Union Bank of India: The public sector lender successfully raised ₹30 billion through the issuance of long-term bonds to bolster its capital base.
• Ceigall India: The infrastructure firm has been awarded a new highway project from NHAI, further strengthening its order book.
• PVR Inox: The multiplex giant has opened a new three-screen facility in New Delhi, continuing its aggressive expansion in the national capital region.

Neutral Developments

• InterGlobe Aviation (IndiGo): The airline has appointed Aloke Singh, the former CEO of Air India Express, as its new Chief Strategy Officer, effective April 6, 2026.
• Kotak Mahindra Bank: Its subsidiary, Kotak Mahindra Capital, has signed agreements to divest a 30.99% stake in Infina Finance for approximately ₹1,293.91 crore to various investors, including the estate of Rakesh Jhunjhunwala.
• Tata Motors: The company has announced a price hike across its passenger vehicle and SUV portfolio, which will come into effect from April 1, 2026.
• ITC: Global brokerage Morgan Stanley has maintained an "Equal-weight" rating on the stock with a target price of ₹346, noting that recent tax increases are largely priced in.
• Corporate Actions: Kilitch Drugs India and Times Green Energy (India) will trade ex-bonus today, while SAIL and Samman Capital remain in the F&O ban.

Negative News

• HDFC Bank: The stock remains under scrutiny following the resignation of Chairman Atanu Chakraborty; reports indicate the bank has engaged external law firms to review his resignation letter citing "ethics and values" concerns.
• LG Electronics India: The company has received a draft assessment order from the Income Tax Department proposing disallowances of ₹572.8 crore for the financial year 2022–23, including transfer pricing adjustments.

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