🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Bharat Electronics (BEL): The Ministry of Defence has signed a major contract worth ₹1,950 crore with BEL for the procurement of two indigenous mountain radars for the Indian Air Force.
• Avenue Supermarts (DMart): The retail giant reached a milestone of 500 stores nationwide after opening 12 new outlets in a single day across multiple states including Maharashtra and Tamil Nadu.
• Tata Power: The company has successfully resumed operations at its Mundra Plant (4,150 MW) after a nine-month hiatus, significantly boosting its operational capacity.
• Tejas Networks: Shares remain in focus after the company signed an MoU with IIT Gandhinagar to establish a Telecom Centre of Excellence for advanced research in 5G and wireless technologies.
• Escorts Kubota: Reported a 6.6% YoY growth in tractor sales for March 2026, totaling 12,119 units, driven by steady rural demand.
• V-Mart Retail: The company posted a robust 24% YoY increase in Q4 revenue to ₹971 crore, with same-store sales growth (SSSG) standing at 12%.
• NMDC: Recorded a massive 50% YoY jump in iron ore production and a 40% rise in sales, reflecting strong domestic demand in the metals sector.
• Signature Global: The real estate firm has partnered with RMZ Group, which invested ₹12.93 billion for a 50% stake in a subsidiary to develop a large-scale commercial project in Gurugram.
• Ola Electric: Witnessed a 150% month-on-month surge in vehicle registrations, highlighting rapid adoption in the EV two-wheeler segment.

Neutral Developments

• ADC India Communications: The mandatory open offer by Amphenol Corporation to acquire a 26% stake at ₹1,233.59 per share commences today, April 2, and will run until April 17.
• Aster DM Healthcare & IREDA: These stocks will be in the spotlight as they trade around their interim dividend ex-dates; Aster DM has declared ₹3 per share, while IREDA has declared ₹0.60 per share.
• Tamilnad Mercantile Bank: Reported a healthy 17.37% YoY growth in total business, with advances surging over 20% in its latest quarterly update.

Negative News

• IndiGo (InterGlobe Aviation): The airline has announced a revised fuel surcharge ranging from ₹275 to ₹10,000 per ticket following a record surge in global jet fuel prices, which may impact passenger demand.
• Oil & Gas Sector: Stocks like BPCL, HPCL, and IOC may face pressure as Brent crude prices jumped over 4% to cross $106 per barrel following geopolitical tensions in the Middle East.
• Global Macro Sentiment: Benchmark indices Sensex and Nifty are expected to witness heavy selling pressure early in the day as investors react to the potential escalation of the US-Iran conflict.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex