🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• HDFC Bank: The private lender is in focus after JPMorgan upgraded the stock to 'Overweight' citing attractive valuations at a 16-year low price-to-book ratio. Additionally, Jefferies has maintained a bullish stance with a price target suggesting a potential 64% upside.
• Adani Group: Adani Defence has successfully delivered the first batch of indigenously manufactured Light Machine Guns (LMGs) to the Indian Army 11 months ahead of schedule. Separately, Adani Ports (APSEZ) has operationalized India's first "Port of Refuge" to support distressed vessels.
• NTPC: Its subsidiary, NTPC Green Energy, has declared the commercial operation of 75 MW at the Bhadla project in Rajasthan and 105 MW at the Khavda project in Gujarat, taking the group’s total commercial capacity to 87,809 MW.
• RailTel Corporation: The company has bagged a Letter of Intent (LoI) worth ₹444 crore for the KSWAN 3.0 project and an additional hospital management system contract from the Mumbai Port Authority.
• GR Infraprojects: The firm emerged as the lowest bidder for an NHAI project in Gujarat worth ₹1,453.57 crore and secured a ₹413 crore battery energy storage contract from NTPC.
• Info Edge: The company has committed to investing up to ₹250 crore in a SEBI-registered Alternative Investment Fund (AIF) focused on early-stage deep-tech startups in India.

Neutral Developments

• Tata Motors: The company clarified that a temporary production pause at its Jaguar Land Rover (JLR) Solihull plant due to supplier constraints is "short-term and limited in scope," with no material impact expected on overall financial performance.
• TVS Motor Company: The stock will trade ex-dividend today. The company also announced the launch of the Apache RTR 310 in Morocco as part of its African market expansion.
• Chennai Petroleum Corporation: The board has declared an interim dividend of ₹8 per share for FY26, with April 2, 2026, set as the record date.
• CMS Info Systems: The company is set to acquire the ATM managed services business of Financial Software and Systems (FSS) for ₹115 crore, a move expected to be completed by Q1 FY27.
• Sammaan Capital: The company received regulatory approval for a controlling stake acquisition by Avenir Investment, involving a preferential issue of approximately ₹8,850 crore.

Negative News

• Reliance Industries (RIL): Shares remain under heavy pressure after the government reimposed windfall taxes on diesel (₹21.50/litre) and ATF (₹29.50/litre) exports. The company also issued a clarification rejecting reports of purchasing Iranian-origin crude.
• NHPC: Its subsidiary, NHDC Limited, has been served an income tax demand notice of ₹231.78 crore, which includes interest components.
• Market Sentiment: The GIFT Nifty indicates a start with a discount of over 250 points. Geopolitical tensions have pushed the Indian Rupee to a record low of 94.96 against the US Dollar, while crude oil prices have surged 45% this month.
• Indian Overseas Bank: The lender has received tax demand notices totaling over ₹2,300 crore for previous assessment years and is currently in the process of filing appeals.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex