🟢 Sterling and Wilson Renewable Energy (SWREL) wins new domestic orders worth ₹3,550 Cr anchored by Coal India’s 875 MW solar project in Bikaner as L1 bidder. FY26 total EPC order inflows of SWREL crossed ₹10,062 Cr beating the initial ₹10,000 Cr annual target. This is also SWREL's first order from Coal India marking entry into the PSU mining-to-renewables pivot segment.

🟢 TVS Motor signs a Memorandum of Understanding with Hyundai Motor Company to develop and locally manufacture electric 3-wheelers for India’s last-mile mobility market. Hyundai leads engineering and design while TVS handles production and sales. Mahindra Last Mile Mobility commands over 40% share in India’s electric 3-wheeler segment.

🔴 Tata Starbucks has hiked prices by 5-10% across its menu in response to rising coffee bean, milk, rental, and staff costs.

🔴 Mastek reduces EBITDA margin guidance from 17% to 16.5% due to increased competition. The company’s actual FY26 operating EBITDA came in at 15.8% for the full year.

🟢 Carysil targets quartz kitchen sink capacity of 1.25 million units per annum with a proposed ₹50 Cr investment to serve major US retail chains. Carysil is Asia’s only manufacturer using proprietary German Schock technology holding IKEA’s exclusive non-US quartz supply contract.

🔴 IRDAI is preparing draft regulations on insurance commissions. DFS Secretary M. Nagaraju has stated that higher insurance commissions are a concern for the government. IRDAI recently sought granular channel-wise and product-level commission data from all insurers signaling an imminent regulatory overhaul of distribution economics.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 NBCC (India) Limited emerges as highest bidder in e-auction for a commercial tower at Bharat Business Park, Sarojini Nagar, New Delhi, with total estimated investment of ₹1,374.45 Cr.

🟢 Mazagon Dock is finalizing contract negotiations with Thyssenkrupp Marine Systems for a 6 submarine project under Project 75(I). Defence Minister Rajnath Singh departs for Germany from April 21 on a 3-day visit. Deal size is approximately ₹70,000 to 75,000 Cr.

🟢 Zaggle Prepaid Ocean Services enters into a 3-year agreement with Federal Bank to provide employee expense management services. Zaggle now serves over 3,700 corporate clients and 3.7 million users, with a 48% revenue growth print in Q3 FY26.

🟢 Paytm converts ₹197 Cr outstanding debt in First Games Technology into equity, raising its stake from 55% to 82.6%. First Games had discontinued real money gaming operations. The equity conversion has no P&L impact as the investment was already fully impaired.

🟢 UltraTech Cement’s India capacity surpasses 200 MTPA with 3 new units commissioned across UP, Jharkhand, and AP; eyes 240 MTPA target. UltraTech crossed 200 MTPA a full year ahead of its original FY27 deadline, ranking it among the top 3 cement producers globally outside China.

🟢 Apollo Micro Systems is granted a lifetime arms manufacture licence by the Government of India, authorising manufacture of missiles, ATGMs, torpedoes, aerial bombs, and loitering munitions at its Hyderabad facilities. The licence allows production of up to 1,000 units per category annually, a first for a listed private-sector defence OEM in this weapon class.

🟢 Zen Technologies receives arms manufacturing licence from the Government of India for 12.7mm, 23mm, 30mm, and 40mm cannons, enhancing air defence and counter-drone capabilities. Zen already supplies hardkill counter-drone systems to the Army Air Defence College and holds a ₹120 Cr combat training node contract.

🟢 Max Healthcare plans to add 1,200 beds in FY27, expanding overall capacity to around 6,500 beds by end of FY27. A broader ₹5,000 Cr plan targets over 10,000 beds across India within 2 to 4 years, funded entirely through internal accruals.

🟢 Bajaj Consumer portfolio now contributes annual sales of ₹225 Cr and aspires to grow to ₹500 Cr over the next 3 years. The company’s Almond Drops commands an estimated 65% share in the light hair oil segment against Marico and Dabur.

🔴 India smartphone shipments fell 3% YoY in Q1 2026, marking the weakest quarter in six years, as memory cost inflation and weak entry-level demand weighed on volumes.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 RVNL emerged as L1 bidder for an East Coast Railway project worth ₹967.93 Cr for construction of major bridges with open web steel girders on EPC mode. RVNL’s current order book exceeds ₹1 lakh crore.

🟢 VA Tech Wabag’s JV with Kuwait’s HEISCO submitted the lowest bid of ~$374 million (KWD 114 million) for the Doha SWRO Desalination Plant with 8-year O&M services, awaiting LOA. With multiple Gulf LOAs and L1 bids secured in FY26, Wabag’s total Middle East order pipeline now exceeds ₹6,000 crore.

🟢 Aditya Infotech signed an MoU for a proposed 50:50 manufacturing JV with Orient Cables (India) focused on CCTV, LAN, and electric cable production, targeting backward integration for its CP Plus product range.

🟢 Hindustan Copper’s team is set to visit Chile on April 18-19 to evaluate a proposed JV stake in 4 Codelco copper blocks alongside Coal India and NTPC Mining. Mines Secretary confirmed JV talks are already in final stages.

🟢 Wipro announced a ₹15,000 crore buyback of up to 60 crore shares at a confirmed price of ₹250 per share via the tender offer route, representing a ~19% premium. This is Wipro’s first buyback since April 2023 and its largest ever.

🟢 DRDO is advancing the Development cum Production Partner (DCPP) model under its DRDO 2.0 strategy, progressively handing over development and production of conventional missile and weapon systems to Indian private companies from 2025. Adani Defence (RudraM-II missile) and Reliance Infrastructure (155mm artillery ammunition) are among the first confirmed private sector DCPP beneficiaries.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 John Cockerill India bagged a ₹300 Cr order from JSW Steel Coated Products for a Continuous Galvanizing Line (CGL#3) at the Khopoli Plant. JCIL has now executed CGL lines for AMNS Hazira and Tata Steel Kalinganagar; JSW Khopoli expands its dominance across India’s full coated-steel value chain.

🟢 Container Corporation of India bagged a turnkey order for 09 BLSS (Spine Car) rakes worth ₹175 Cr.

🟢 Paras Defence and Space Technologies signed a 10-year agreement with Bandak Aviation (DBA Northstar), USA for supplying air-to-air refueling systems to Indian Armed Forces. India currently operates only six aging IL-78MKI tankers; this deal addresses a critical force-multiplier gap for the IAF’s deep-strike mission capability.

🟢 Hitachi Energy and Adani Energy Solutions successfully commissioned a major HVDC City Center Infeed in Mumbai, enabling up to 1,000 MW power injection and increasing electricity supply by 50%, supporting over 20 million residents. The link uses the world’s first compact HVDC substation and freed 2 sq km of urban land. It was conceived directly in response to Mumbai’s October 2020 blackout.

🟢 Aurobindo Pharma’s subsidiary TheraNym Biologics signed an additional product schedule with Merck Sharp & Dohme, expanding its CMO relationship and will build a 60 KL mammalian drug substance manufacturing facility at an investment of $150-175 million. India currently has near-zero commercial-scale biologics CDMO capacity.

🟢 Time Technoplast signed an MOU to acquire a 76% stake in Systoverse to strengthen its HDPE Pipe business. India’s HDPE pipe market is growing at ~12% CAGR, driven by Jal Jeevan Mission and infrastructure spending.

🟢 Tata Group Chairman N. Chandrasekaran said the group expects to roll out 20 lakh vehicles in the next 5 years and will also manufacture hydrogen buses from the Lucknow factory. At 4 lakh units per year, this would represent over 30% growth from Tata Motors’ current commercial and passenger vehicle combined volumes. Hydrogen bus production signals early-mover positioning in zero-emission transport.

🟢 Prestige Estates delivered highest-ever annual sales of ₹30,024 Cr vs ₹27,000 Cr guidance for FY26. The 76% YoY surge marks the first time Prestige has crossed the ₹30,000 Cr threshold, with NCR alone contributing 33% of FY26 volumes.

🟢 Nuvoco Vistas approved establishing a bulk cement terminal at Viramgam, Gujarat with ~1.5 MMTPA capacity and dedicated railway siding, expected to be commissioned by FY 2027-28. Gujarat’s cement consumption is growing on the back of GIFT City, port-led infrastructure, and PM Gati Shakti projects.

🔴 Vedanta’s 600 MW coal plant in Chhattisgarh was shut after a boiler explosion. The blast at the Athena Power Plant in Singhitarai, Sakti district on April 14 killed at least 16 workers. The unit had been commissioned only in August 2025, less than 9 months ago.

🔴 Active investor base declined for the first time in 3 years per NSE data, with active investors declining by ~35 lakh. Angel One saw a decline in retail trading. NSE active accounts fell from 4.92 Cr to 4.57 Cr in FY26. Zerodha’s active share slipped to 15.08% and Angel One’s to 14.79%.

🔴 India’s March WPI inflation rose to 3.88% YoY vs 2.13% previous. The 175 bps MoM spike was primarily driven by crude petroleum.

🟢 IRDAI is asking all insurance companies to share detailed data on commissions paid, hinting at a major overhaul of insurance commission structures. Insurers have proposed a mutual-fund-style TER cap on commissions. PB Fintech carries asymmetric downside risk if variable commission structures are curtailed.

🟢 Govt notified pricing norms for low-grade iron ore (haematite, BHQ, BHJ) to boost production. ASP for 35-45% Fe grade is set at 75% of the higher-grade benchmark, making beneficiation economically viable for the first time and unlocking vast sub-45% Fe reserves in Odisha and Jharkhand. Benefits NMDC.

🔴 CCI found 28 companies violated anti-trust rules between 2015 and 2023. WhatsApp groups including “Friends of Steel” and “TMT TYCOONS” were used to coordinate steel price fixing. Probe includes Tata Steel, JSW Steel, SAIL, and RINL, with 56 senior executives held personally liable. Under Section 3 of the Competition Act, CCI can impose fines of up to 10% of annual turnover per year of wrongdoing. JSW and SAIL have denied the allegations.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Hindustan Zinc declared successful bidder for the Jhandawali-Satipura potash and halite block in Rajasthan covering 1,841 hectares at G3 exploration level. India currently imports 100% of its potash requirement; this is India’s first-ever potash block auction.

🟢 GHV Infra Projects secured an EPC contract worth ₹1,250 Cr from APCO Infratech for expressway connectors between Jalna and Nanded in Maharashtra, with a 30-month execution timeline. The contract equals ~55% of GHV Infra’s current market cap of ~₹2,250 Cr.

🟢 ArisInfra Solutions signs MoU with Capacit’e Infraprojects for material procurement worth a minimum of ₹800 Cr. The agreement is structured over five years.

🟢 MVK Agro Food receives Maharashtra government approval granting “Mega Project” status for its ₹275 Cr expansion in Nanded focused on sugar, ethanol, and allied products. Mega Project status qualifies the company for incentives under Maharashtra’s Package Scheme of Incentives (PSI) 2019.

🟢 Godawari Power & Ispat subsidiary GNEPL signs a 5-year supply agreement with China’s EVE Power for LFP cells.EVE Power is among the world’s top LFP cell manufacturers; LFP is the global standard chemistry for utility-scale BESS applications.

🟢 Puravankara plans to launch 30 projects over the next 24 months with a GDV over ₹55,000 Cr. The pipeline spans 51.14 million sq. ft., primarily across South India and Mumbai, with most projects already at the approvals stage.

🟢 RR Kabel expands its FMEG portfolio with new kitchen appliances and an enhanced air cooler range to drive deeper market penetration. FMEG now represents a growing revenue diversification lever as RR Kabel reduces reliance on its core cables and wires business.

🟢 Ather Energy is looking to reduce aluminium usage in its scooters to cut costs and improve margins. Domestic aluminium prices have risen approximately 14% YoY to ~₹358/kg, and Ather is targeting a 10–20% cost reduction through material substitution.

🔴 Vedanta Power Plant in Chhattisgarh’s Sakti district suffered a boiler tube rupture killing at least 9 and injuring 40 workers; rescue operations are still ongoing and the toll may rise.

🟢 India's March 2-wheeler sales rose 19.3% year-on-year to 19,76,128 units per SIAM data. FY26 cumulative 2W sales crossed 21.4 million units, surpassing India’s pre-COVID FY2019 peak of 21.17 million for the first time.

🟢 India's March 3-wheeler sales climbed 21.4% year-on-year to 76,273 units per SIAM data. Bajaj Auto commands ~62% segment share.

🟢 India's March domestic Passenger Vehicle sales grew 16% year-on-year to 4,42,460 units per SIAM data; figures exclude BMW, Mercedes-Benz, JLR, and Volvo. FY26 full-year PV sales hit a record 47 lakh units, the highest in India's automotive history.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Power Mech Projects secures ₹296.44 Cr order from Maha Mumbai Metro Operation Corporation for operations and maintenance of Mumbai Monorail for a duration of 5 years.

🟢 Enviro Infra Engineers received Letters of Empanelment for 2 projects in Maharashtra worth ₹972.19 Cr with 24-month execution under Swachh Bharat Mission. Projects cover Pune and Nashik ULBs, adding 241.60 MLD of total STP capacity across 306 urban local bodies.

🟢 Zaggle Prepaid Ocean Services entered a 2-year agreement with Generali Central Insurance Company for the Zaggle Zoyer Platform. Zoyer is Zaggle's B2B spend management platform; insurance sector adoption signals widening enterprise client verticals beyond BFSI.

🟢 AstraZeneca Pharma bags CDSCO nod for Calquence (Acalabrutinib) additional indication covering treatment of previously untreated CLL/SLL in India. India's oncology market is projected to expand by $2.35 billion between 2025 and 2030, growing at a 20% CAGR.

🟢 Anand Rathi Wealth crosses ₹1 lakh Cr in AUM. The milestone was reached on April 10, aided by post-March equity market recovery; FY26 closing AUM stood at ₹93,037 Cr.

🟢 Godrej Properties added ₹42,100 Cr of future sales potential through FY2026 portfolio additions, achieving over 200% of guidance and 59% YoY growth. The company added 18 new projects totalling ~33.32 million sq. ft., more than double its initial ₹20,000 Cr guidance for the year.

🔴 TCS reported its first-ever full-year YoY decline in dollar revenue since its 2004 listing. FY26 dollar revenue stood at $30,017 million, a 0.5% YoY decline and 2.4% decline in constant currency terms.

🔴 TCS reacted to the Nashik sexual harassment probe confirming employees are being investigated and suspended, with 6 employees and 1 HR official arrested and ~9 FIRs filed.

🔴 Cigarette sales fell 3-5% in March and continued to fall further in April, with the steepest decline in East India (ITC, Godfrey Phillips). The decline follows the February GST hike from 28% to 40% and an additional excise duty effective February 1.

🟢 RBI proposes asset size of ₹1 lakh Cr for NBFCs to be classified as Upper Layer.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 HBL Engineering secures ₹83.81 Cr Kavach order from Patiala Loco Works. Order covers Kavach Version 4.0 supply, testing, and commissioning. HBL’s cumulative Kavach order book now exceeds ₹3,860 Cr.

🟢 BEML Limited signs MOU with Delhi Metro Rail Corporation for strategic partnership to jointly bid for metro rail projects in India and abroad.

🟢 Ashiana Housing acquires 28.55 acres of land in Pune for a senior living project with saleable area of 20 lakh sq ft and potential sales value of ₹1,800 Cr. The company’s largest-ever land acquisition.

🟢 Eicher Motors launches Flying Flea C6 electric motorcycle priced at ₹2.79 lakh (ex-showroom), with test rides from April 10 and deliveries starting end of May 2026. Royal Enfield’s first EV in its 125-year history.

🟢 Glenmark Pharma receives US FDA approval for Progesterone Vaginal Inserts 100 mg, a generic for Endometrin with annual US sales of approximately $59.2M. The drug is primarily used in IVF and fertility treatments, a US market growing at over 5% annually.

🟢 Castrol India launches full synthetic engine oils for two- and four-wheelers including Castrol Activ 10W-30, 5W-30 and GTX 5W-30, 0W-20. The transition brings full synthetic technology to mass-market segments for the first time.

🟢 Apollo Micro Systems completes successful blast trials for limpet mines, becoming the only Indian company to develop this product for the Indian Navy. The milestone makes AMS the sole provider of India’s full underwater mine spectrum, shallow to deep water to limpet.

🔴 HDFC Bank has large defaulter dues of ₹54,315 Cr with 4,914 recovery cases pending as per CIBIL TransUnion data up to February 2026.

🟢 Centre to provide up to 200 metric tonnes/day LPG (sector-wide cap) to ceramics, pharma and specialised industries at 70% of pre-March 2026 consumption levels.

🔴 Steel companies raise HR coil prices by ₹3,500/tonne to approximately ₹64,500/tonne this month; cold-rolled coil prices to also rise ₹3,000 to ₹68,000/tonne.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 KEC International bags mega orders worth ₹2,518 Cr including its largest-ever commercial real estate order in the civil segment. KEC’s FY26 order intake has crossed ₹22,800 Cr, a 35% YoY growth, with the civil segment now a strategic revenue pillar.

🟢 HFCL subsidiary HTL Limited secures orders worth ₹1,366 Cr for supply of optical fiber cables from a Tier-1 domestic customer; execution scheduled by December 2026.

🟢 NPST wins AI-powered merchant underwriting and risk management order from a public sector bank.

🟢 Larsen & Toubro emerges as lowest bidder for a package valued at ₹22,500 Cr for NTPC Lara and DVC-CIL projects. If converted, this would rank among L&T’s largest single thermal EPC wins in a decade.

🟢 NTPC signs non-binding MoU with EDF for cooperation in nuclear power projects in India. EDF operates 56 reactors supplying ~70% of France’s electricity. Collaboration aligns with India’s 100 GW nuclear target by 2047 under the 2025 nuclear energy policy.

🟢 RedTape acquires international sports brand Sprandi, securing rights for India, Nepal, Bhutan, and Sri Lanka markets with plans for a large-volume launch across online and retail channels. Sprandi is a Polish mass-market sportswear brand.

🟢 GOCL Corp’s new EMS facility becomes fully operational at its Hyderabad-based Gummadidala unit after receiving factory license. GOCL is one of only three private-sector licensed EMS manufacturers in India.

🟢 Hyundai Motor India announces up to 1% price increase across its car portfolio effective May 2026, citing input cost escalation. Hyundai's last price revision was January 2026. Cumulative steel and aluminium cost inflation since then has exceeded 8%.

🟢 RBI maintains repo rate unchanged at 5.25%; marginal standing facility rate and bank rate stand at 5.50%.

🟢 RBI Governor announces new framework for NBFC categorisation is coming soon. The revised framework is expected to formalise upper and middle layer classifications, tightening capital norms for the top NBFCs.

🟢 SEBI extends IPO approval validity to September 30, giving one-time relief to IPO-ready firms. Approximately 40 issuers with ₹43,500 Cr in planned fundraising benefits. A cluster of IPOs is expected in August-September 2026 once geopolitical uncertainty clears.

🟢 Cabinet approves ₹41534 Cr nutrient-based subsidy for summer season crops. This is the third consecutive year of above-₹40000Cr NBS allocation. Fertiliser companies with NBS-linked product exposure such as Chambal and GNFC gain.

🔴 Aluminium shortage set to hit EV two-wheeler margins. Aluminium prices rose ₹35–45/kg since end-Feb to ~₹358.7/kg. This significantly raises input cost for Ola Electric, Bajaj Auto, and TVS Motor. Two-wheeler frames use 8 to 12 kg of aluminium. A ₹40/kg spike adds ₹320 to ₹480 per vehicle in direct material cost, compressing margins by 50 to 100 bps at the operating level.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Swan Defence and Heavy Industries bagged a landmark order from Energy ONE Ltd for 4 x 92,500 DWT dual-fuel ammonia bulk carriers worth between ₹1,501 Cr and ₹3,000 Cr. These are India's first ammonia dual-fuel ships. First delivery is due October 2029, with subsequent deliveries at four-month intervals.

🟢 Infosys signed a strategic collaboration with Harness to accelerate AI-led software delivery for global enterprises combining Infosys Topaz, Cobalt and Harness AI. Harness clients have reported release acceleration of up to 75% and cloud cost reductions of up to 60% using the platform.

🟢 Biocon announced the US commercial launch of Bosaya and Aukelso, its denosumab biosimilars. The combined US denosumab market is approximately $7 billion.

🟢 Tata Steel’s Q4 FY26 crude steel production stood at 6.25 million tonnes, up 15% year-on-year, beating guidance. Full-year India output hit a record 23.48 million tonnes in FY26, up 8% YoY, driven by Kalinganagar ramp-up.

🟢 Alembic Pharmaceuticals received USFDA final approval for Dapagliflozin tablets 5 mg and 10 mg, the generic of AstraZeneca’s Farxiga. The addressable US market is approximately $10.5 billion.

🔴 Tata Motors March UK Land Rover total sales declined to 13,753 units versus 14,178 units year-on-year. JLR's UK full-year retail volumes fell 17.8% to 352,300 units in FY26.

🔴 SBI was reportedly most impacted by the RBI directive, reportedly holding short rupee positions of around $5 billion. SBI's $5 billion represents roughly 20% of the total $25-30 billion industry-wide short rupee exposure being forcibly unwound by the April 10 deadline.

🔴 Smartphone companies raised prices by up to 25-30% in select segments, driven by AI-led memory chip shortages and a weak rupee, which could lead to an estimated 10% annual drop in smartphone sales. Dixon Tech could be impacted. India’s smartphone market recorded a 9% year-on-year volume decline in the first nine weeks of 2026.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Wipro secured an 8-year strategic transformation deal with Olam Group valued at over $1B (committed $800M), acquiring Olam's IT arm Mindsprint.

🟢 Brigade Hotel Ventures and Hyatt announced plans for Grand Hyatt Chennai ECR and Hyatt House Bengaluru Devanahalli. Both locations target premium leisure and airport-proximity demand segments

🟢 Titagarh Rail Systems' unit received in-principle approval from the Directorate General of Shipping for a brownfield capacity expansion at Falta under the Shipbuilding Development Scheme, with a total project cost of about ₹610 Cr.

🔴 Domestic pharma firms including Dr. Reddy’s, Sun Pharma, and Aurobindo Pharma urged NPPA to increase the maximum selling price of cancer medicines by 50% due to a platinum price surge. Platinum prices nearly doubled in six months to ~₹8,000/gram by February 2026.

🟢 Govt will clear ₹17,500 Cr dues to Oil Marketing Companies (OMCs) in FY27. Pending dues reimbursement will directly ease working capital pressure on HPCL, BPCL, and IOC, which absorbed LPG price subsidies below market cost.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 J Kumar Infraprojects received a Letter of Acceptance for construction of an International Exhibition-cum-Convention Centre in Lucknow worth ₹1,184 Cr, to be completed in 24 months from the Public Works Department, Lucknow.

🟢 Vikran Engineering received ₹530.80 Cr orders from MSEDCL for an ADB-funded Power Distribution Enhancement Program covering Nashik (₹235.63 Cr) and Kolhapur (₹295.17 Cr) zones, to be completed in 21 months.

🟢 Jash Engineering's UK subsidiary Waterfront Fluid Controls Limited acquired 100% stake in Penstocks (UK) Limited for £5,50,000, with completion expected by June 30, 2026, to establish pan-UK presence and support clients in water utilities. Penstocks (UK) brings 40+ years of proprietary penstock design experience and an existing framework agreement with a UK water utility.

🟢 Hindustan Copper reported FY2025-26 MIC production up 9% to 27,421 tonnes, the highest in the last seven years, ore production up 6% to 3.67 million tonnes, with copper MIC sales of 27,367 tonnes the highest in the last 5 years.

🟢 Bajaj Auto reported March 2026 total sales of 4,45,377 units. Domestic 2-wheeler sales up 20% YoY and exports up 21% YoY. FY26 full year sales crossed 51.17 lakh units, making it a record year for the company across both segments.

🟢 NOCIL started trial batches for capacity enhancement in rubber chemicals at Dahej with capital expenditure not exceeding ₹250 Cr, with samples to be sent to customers for approval. The Dahej TDQ antioxidant expansion adds approximately 20% to NOCIL's existing 115,000 MTA capacity, with commercialisation targeted in H1 CY2026.

🟢 Prestige Estates Projects launched Prestige Golden Grove, a 5,120-unit mega township in Hyderabad with a GDV of ₹9,500 Cr spread across 28.6 acres with total saleable area of ~10.36 million sq ft.

🔴 Escorts Kubota announced a tractor price increase (excluding Kubota brand) effective April 15, 2026, with variation by model and geography.

🔴 Tata Steel received a demand notice of ₹1,755.10 Cr from the District Mining Office, Ramgarh, Jharkhand, for alleged excess extraction of 1.62 crore MT of coal at its West Bokaro Colliery for the period FY2000-01 to FY2006-07, with the company planning to pursue legal remedies.

🔴 Trump threatened Iran with further attacks on power plants and bridges unless the Hormuz Strait is reopened, warning of severe consequences.

🔴 Indian pharma sector faces a US 100% tariff on patented drug imports unless manufacturers sign a pricing deal or relocate production to the US, with large pharma companies given 120 days and smaller ones 180 days to comply. India's direct exposure is limited. ~90% of its $9.7 Bn in US pharma exports in FY25 were generics, which remain exempt for now.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 HBL Engineering wins order worth ₹180 Cr. HBL has been diversifying from traditional battery and railway electronics into broader defence and energy storage orders.

🟢 Astra Microwave JV Astrra Rafael Comsys receives order worth ₹250.58 Cr from Hindustan Aeronautics Limited for supply of Software Defined Radio. SDR is a key element of HAL's platform modernisation. This order validates the Astra-Rafael JV's competitive positioning in Indian defence avionics.

🟢 Krishna Institute of Medical Sciences unit enters a 20-year operations and management agreement with Avitis Super Speciality Hospitals. O&M agreements are capital-light. KIMS effectively expands managed bed capacity without balance sheet burden.

🟢 Emami acquires 100% stake in Axiom Ayurveda (brand 'Alofrut') for ₹200 Cr to enter the beverage sector. Alofrut's ayurvedic fruit drink positioning gives Emami a natural adjacency to its existing wellness and FMCG distribution network.

🟢 Zaggle Prepaid Ocean Services infuses ₹50 Cr into Rivpe Tech, acquiring a strategic stake for fintech expansion. Embedded fintech services have higher LTV than standalone prepaid card products.

🟢 Apollo Hospitals Enterprise approves establishment of a multi-speciality hospital at Dwarka, New Delhi with a 55-year land license and annual fee of ₹33 Cr from the fifth year. Dwarka gives Apollo access to a dense, underserved West Delhi area where it currently has no major footprint.

🟢 Ashok Leyland plans to expand its addressable market in the LCV segment from 54% to 80% over the next 3-4 years by entering sub-2-tonne, 4-6-tonne, and small passenger vehicle categories.

🟢 LG Electronics India sells over 1 million ACs in Q1 CY26, showing India market dominance.

🔴 Hariom Pipe Industries faces temporary closure at its Perundurai unit following TNPCB directions.

🔴 India Manufacturing PMI for March came in at 53.9 vs 56.9 previous, indicating a slowdown in manufacturing activity.

🔴 US prepares to impose new tariffs on pharmaceutical imports. India supplies roughly 30% of US generic drug volumes. Sun Pharma, Cipla, and Dr Reddy's together generate over $3.5 Bn annually from the US market.

🔴 Gas crunch hits Firozabad's glass industry as the West Asia conflict continues. Firozabad accounts for roughly 70% of India's glass bangle production.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 BEL bagged ₹6,795 Cr in defence orders since its March 30 disclosure, covering mountain radars from MoD, LCA avionics package from HAL, and a major export order for communication equipment, taking its total order book to ₹74,000 Cr.

🟢 Zaggle signed a 5-year deal with Fanuc India focused on employee expense management and benefits solutions.

🟢 Oriana Power (TrueRe Oriana) secured a ₹3,135 Cr green ammonia offtake deal with SECI under the National Green Hydrogen Mission. The agreement covers supply of 60,000 tonnes of green ammonia annually at ₹52.25/kg over 10 years, with SECI as intermediary and Madhya Bharat Agro Products as end off-taker.

🟢 J. Kumar Infraprojects won an NHAI EPC order worth ₹2,360 Cr for a 32.18 km, 4-lane (expandable to 8-lane) expressway connecting NH-48 to the upcoming Vadhvan Port in Maharashtra

🟢 Jubilant Foodworks renewed its master franchise agreement with Domino’s Pizza International Franchising Inc for exclusive rights to operate Domino’s in India, Sri Lanka, and Bangladesh for 15 years.

🟢 Tube Investments acquired full control of Tivolt EV, investing ₹30 Cr to make it a wholly owned subsidiary. Aligned with their EV two-wheeler and three-wheeler expansion roadmap.

🟢 DCM Shriram fully commissioned its 52,000 TPA Epichlorohydrin plant at Jhagadia, with the balance 17,000 TPA operational from April 1. It is one of very few domestic producers of epoxy resin precursor.

🟢 Welspun Living announced partial commencement of commercial production at its Nevada pillow manufacturing unit, with US$13 million capex approved for home textiles expansion.

🟢 Adani Ports crossed the 500 million tonnes cargo milestone and remains on course for 1 billion tonnes by 2030. Targeting a double-digit volume CAGR.

🟢 United Breweries launched Kingfisher Smooth Strong premium beer in Maharashtra, entering the fastest-growing premium strong beer segment where rivals Bira 91 and Carlsberg India have been gaining shelf share.

🟢 Lupin received tentative approval from the US FDA for Sugammadex Injection, a generic of Merck’s Bridion in a $500+ million US market with limited current generic competition.

🔴 Govt cancelled the auction of 11 critical and strategic mineral blocks in the sixth round due to poor investor response and lack of qualified bidders

🟢 India's March 2026 gross GST collections rose 8.8% YoY to ₹2,00,064 Cr

🔴 Commercial LPG prices hiked effective April 1. The price of 19 kg cylinder rose ₹195.50 to ₹2,078.50 in Delhi.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Pace Digitek secured a ₹494.54 Cr NTPC EPC order for BESS at Nabinagar STPS, with 15-month execution plus 11-year O&M, as a domestic non-related party contract. This adds to an order book that crossed ₹10,000 Cr.

🟢 Bharat Electronics received orders worth ₹1,660 Cr including satellite communication network, electronic warfare systems, and avionics.

🟢 BHEL won an order worth ₹13,500 Cr from NTPC for the 3x800 MW Telangana Stage-II supercritical thermal power project at Peddapalli, with a 62-month execution schedule covering full BTG and civil works.

🟢 NBCC (India) was appointed as project management consultant by the Republic of Seychelles for a $75 Mn affordable housing and infrastructure project funded via EXIM Bank LOC. This is NBCC's second major Africa/Indian Ocean international PMC mandate in recent years, diversifying its revenue geography beyond domestic redevelopment projects.

🟢 CMS Info Systems acquired FSS ATM managed services business for ₹115 Cr, adding 8,000 ATM units to its portfolio. This acquisition will increase CMS's managed services portfolio from approximately 31,000 to 39,000 units.

🟢 Healthcare Global Enterprises will strengthen its Nagpur cancer care unit with a ₹98 Cr infusion and is investing ₹253.66 Cr to acquire additional 34% stake in Vizag Hospital.

🔴 Bharti Airtel is set to pay over ₹5,000 Cr of a combined ~₹10,000 Cr AGR dues (shared with Tata Teleservices) as moratorium ends. This payment represents the first instalment under a 6-year schedule and accounts for roughly 1/5th of Airtel's total AGR liability, which now exceeds ₹40,000 Cr with accrued interest.

🟢 NTPC added 180 MW solar capacity, with group installed capacity reaching 87,809 MW. At 87,809 MW group capacity, NTPC now accounts for over 18% of India's total installed power generation base.

🟢 India will ban Chinese CCTV brands unless certified from April 2026, boosting digital security and benefiting local surveillance tech brands. Domestic beneficiaries include CP Plus, Godrej Security, and Zicom, with India's CCTV market estimated at ~₹8,000 Cr annually.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 G R Infraprojects emerged as the lowest bidder for a contract worth ₹1,454 Cr. GR Infra has now secured three major L1 wins in FY26, adding over ₹5,800 Cr to its order pipeline.

🟢 KNR Constructions won a ₹1,734 Cr NHAI HAM project for 4-laning of NH-167 (80.01 km Gudebellur-Mahabubnagar section in Telangana), part of the Hyderabad-Panaji Economic Corridor

🟢 JNK India secured a major order from JNK Global, Korea for cracker furnace package support in an Indian refinery project worth ₹300-600 Cr. JNK Global is JNK India's parent. This is an intra-group export revenue flow.

🟢 Seamec bagged a ₹330 Cr ONGC contract for Samudra Prabha O&M services. O&M contracts with ONGC provide multi-year annuity revenue with lower execution risk.

🟢 Aegis Vopak Terminals executed a deed of assignment to transfer rights for acquiring a specialised ammonia storage terminal at Pipavav Port to its unit with a planned static storage capacity of 36,000 MT. Ammonia is a key hydrogen carrier. Pipavav ammonia storage positions Aegis Vopak directly in India's green hydrogen import corridor.

🟢 UltraTech Cement settled a ₹1,000 Cr dispute with Jaiprakash Associates and secured full control of the Dalla unit. Dalla's ~2.5 MTPA capacity in Uttar Pradesh removes a long-running legal overhang and clears UltraTech's path to full capacity utilisation.

🟢 Chandan Healthcare entered Chhattisgarh by launching a Raipur diagnostic centre. Diagnostics penetration in Chhattisgarh is significantly below the national average. Offers great potential.

🟢 Eicher Motors' Royal Enfield launched the 2026 Guerrilla 450 Apex with sportier design and enhanced performance; bookings open now with retail sales starting March 31, 2026. The 350-500 cc motorcycle segment is growing at approximately 18% CAGR, and the Guerrilla 450 directly targets the performance-oriented youth buyer.

🟢 PVR Inox is set to end FY26 on a three-year high with Dhurandhar 2 topping ₹600 Cr in India. Current Occupancy at 50-60% with plans to add 100-110 screens annually. 50-60% occupancy is excellent. Pre-covid it used to be only 33-35%

🟢 Urban Company's InstaHelp crossed 1 million monthly delivered bookings, becoming the fastest-growing vertical in company history. Nearest rival Snabbit had ~0.5 million monthly orders in February, giving InstaHelp roughly 2x lead with 49% segment share.

🔴 Reliance Industries strongly denied media reports alleging it purchased crude oil of Iranian origin, calling the claims baseless and factually incorrect.

🔴 Tata Motors' Jaguar Land Rover halted production at its UK Solihull plant for up to two weeks after a fire at one of its key suppliers in Norway. Solihull is JLR's most profitable plant producing Range Rover and Range Rover Sport.

🔴 IDFC First CEO said the bank will post profit in Q4 despite taking the full hit of the Haryana fraud.

🔴 Kotak Mahindra Bank said there is no material impact from the alleged FD fraud linked to Panchkula Municipal Corp and is cooperating fully with authorities.

🔴 50% of commercial planes reported technical defects per a Parliament panel audit, with IndiGo accounting for the highest number. India's commercial aviation fleet has become 3X in a decade, but airline maintenance engineering headcount has not kept pace with fleet growth.

🟢 Government sharply cut fuel excise duty with petrol duty slashed to ₹3/litre from ₹13 and diesel duty reduced to 0 from ₹10. The annual revenue cost of the cut is estimated at ₹1.75 lakh crore. The move primarily offsets OMC losses.

🔴 Steel Ministry flagged an LPG supply crunch amid West Asia tensions.

🔴 India's FX reserves fell to $698.35 Bn vs $709.76 Bn previously. RBI deployed an ~$16-18 billion in March to defend the rupee.

🔴 INR traded at 94.50 per USD. The rupee has weakened 10.38% over the past 12 months.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Avantel secured a ₹459.9 Cr rate contract from Zetwerk for satellite communication equipment including supply, 1-year comprehensive onsite warranty, and 5-year AMC support, executed over 3 years. The ₹460 Cr contract is ~1.85x Avantel's record FY25 turnover of ₹248.67 Cr.

🟢 L&T won a significant contract with values between ₹10B to ₹25B. Contract won from Guwahati's drinking water board for its Water & Effluent Treatment business.

🟢 Bharat Dynamics plans 2 additional manufacturing facilities with additional orders of ₹150B envisaged in FY 2026-27. BDL's ₹25,500 Cr order book already provides 4+ years of forward revenue visibility.

🟢 Cochin Shipyard formed a JV with HBL Engineering to develop electric mobility and energy storage technology with CSL holding 40% and HBL 60% in the new JV. The JV specifically targets marine electric and hybrid propulsion, not road or land mobility.

🟢 RRP Defense signed a strategic MOU with BEL to boost semiconductor and unmanned systems collaboration. The MOU also covers Electro-Optics, expanding collaboration across 3 high-value defence technology domains.

🟢 Sterlite Technologies launched India’s first hollow core fibre (HCF) cable for data centres enabling 46% faster signal travel and reduced latency. STL is India’s only HCF manufacturer, holding 780-plus patents and targeting global hyperscalers.

🟢 Puravankara unveiled 30 projects across South India and Mumbai with GDV over ₹55,000 Cr in the next 24 months.

🟢 HFCL to set up a ₹580 Cr preform facility via subsidiary strengthening backward integration for optical fiber business. HFCL’s recent $1.10 billion global OFC supply deal makes this preform capacity important.

🟢 Bata India crossed 700 franchise stores with about 70% of stores in Tier II, III and IV markets. At 700-plus stores, franchise now drives Bata’s growth with minimal capex per location added.

🟢 Coal India subsidiary CMPDIL filed prospectus with ROC for an IPO of 107.1 million shares following RHP. This is Coal India’s first subsidiary IPO; CMPDIL is the group’s technical exploration arm.

🔴 Kotak Mahindra Bank faces alleged ₹150-160 Cr fraud linked to Panchkula Municipal Corporation with missing FDs and fund diversion under vigilance probe. Follows IDFC First’s ₹590 Cr Haryana FD fraud.

🔴 Power Mech Projects had its 250 MW battery storage tender annulled by WBSEDCL, reducing order book by ₹1,563 Cr. The reversal erases PM Green’s maiden BESS order won just 2.5 months ago in January.

🟢 Finance Ministry nod sought to extend E2W and E3W SOPs with around 1 million E-2Ws sold against a target of 1.4 million (OLA Electric, Hero Moto, TVS Motor).

🔴 Zerodha doubled some intraday F&O brokerage charges to ₹40 as SEBI mandates 50% cash collateral. Fee applies from April 1; traders maintaining 50% cash margin still pay the standard ₹20.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Chandan Healthcare secured a 10-year tender to install 1.5T MRI at a 200-bed Civil Hospital in Rohtak. Chandan has secured 3 PPP radiology contracts in the past few months. They are targeting rapid government expansion.

🟢 Ceigall India bagged 2 work orders worth ₹297.89 Cr for an Andhra Pradesh hybrid power project. Ceigall has already exceeded its FY26 order inflow guidance of ₹5,000 Cr with a ₹14,237 Cr order book.

🟢 Suzlon Energy won its 6th repeat order of ~100 MW from GAIL for 47 S120 WTGs in Nandurbar Maharashtra. PSU and C&I orders now form 64% of Suzlon's book; this is their maiden Maharashtra project.

🟢 BPCL-Sembcorp JV (NeuEn Green Energy) secured a contract to supply 10,000 tonnes per annum of green hydrogen to Numaligarh Refinery Ltd. NeuEn won at ₹279/kg, India's lowest-ever green hydrogen tariff, beating 9 competing bidders.

🟢 Kilburn Engineering secured multiple orders totaling ₹54.58 Cr including Rotary Dryers for Limestone (₹19.85 Cr) and Paddle Dryer/Cooler systems.

🟢 Adani Enterprises acquired 24% Category I and 0.74% Category II shares in IANS India Private Limited a news media company. Adani now fully owns IANS, NDTV, and BQ Prime, making it India's largest private media conglomerate.

🟢 Natco Pharma board approved demerger of its agrochemicals business into Natco Crop Health Sciences issuing 1:1 shares to Natco Pharma shareholders.

🟢 HDFC Bank appointed external law firms to review Chairman Chakraborty’s resignation.

🔴 India PMI Services came in at 57.2 vs 58.1 previous and PMI Manufacturing at 53.8 vs 56.9 previous indicating slowdown. Both PMIs remain above 50 though. The slowdown was primarily driven by Middle East conflict.

🟢 Noida International Airport is set for March 28 inauguration. Phase 1 handles 12 million passengers annually; full build-out targets 70 million across four phases.

🟢 Govt launched the 7th tranche of e-auction for critical minerals including rare earth elements for clean energy and advanced manufacturing (benefits NMDC and Vedanta). India imported ₹1.7 lakh crore in electronics last year, making domestic critical mineral supply strategically urgent.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 G R Infraprojects secured a massive ₹2,440.87 Cr NHAI Letter of Award for an 82.4 km greenfield highway project in Bihar (NH-33).

🟢 C2C Advanced Systems secured an order for 29 counter-drone mission computing systems from an Indian defence player.

🟢 Simplex Castings announced large order wins worth ₹41.38 Cr from BHEL, Thyssenkrupp, and SMS.

🟢 Kotak Mahindra Bank is set to acquire Deutsche Bank’s India retail business for ₹4,500 Cr, having emerged as the preferred bidder as part of Deutsche’s exit strategy

🟢 Bosch Limited and Tata AutoComp Systems formed a 50:50 joint venture to manufacture and sell eAxle systems and electric motors in India, with operations expected to commence by mid-2026.

🟢 Bharti Airtel deployed over 2,750 new 5G sites across 36 districts in Gujarat, enhancing connectivity for 41 million users.

🟢 Powergrid increased FY26 Capex guidance to ₹35,000 Cr and raised its capitalisation target to ₹25,000 Cr.

🟢 Astral’s subsidiary Al-Aziz Plastics was granted a patent for a ‘Multiport Water Outlet’ by the Government of India.

🔴 Coal India Board granted in-principle approval to divest up to a 25% stake in subsidiary Mahanadi Coalfields Limited (MCL) via an IPO or OFS.

🔴 PM Modi said India has 5.3 million tons of strategic petroleum reserve, government is ensuring oil and gas supplies are not affected much.

🟢 India considers a 10-kg LPG supply plan, supplying 10 kg in standard 14.2-kg cylinders to stretch limited stocks as the Hormuz crisis hits imports.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 DCX Systems secured a purchase order worth ₹563.45 Cr from a domestic customer for the manufacture and supply of Maritime Patrol Radar Systems.

🟢 Ceigall India’s subsidiary emerged as the L1 bidder for an NHAI tender in Punjab worth ₹603 Cr, involving a 10.3 km 6-lane Hybrid Annuity Mode contract.

🟢 RITES secured a ₹105.69 Cr RDSO contract for 5-year maintenance of Dedicated Test Track in Jodhpur Division (NWR).

🟢 Oberoi Realty acquired 100% of Hotel Horizon Private Limited (HHPL), which owns and manages hotel real estate assets in Mumbai, for ₹919.25 Cr.

🟢 Tata Power’s imported coal-based power plant in Gujarat has been mandated by the government to operate at full capacity from April to June.

🟢 Powergrid approved the merger of 28 subsidiaries to streamline structure and improve efficiency.

🟢 MCX is in positive volume momentum with Q4 overall options premium turnover up 51% QoQ and energy segment ADTO (Average Daily Turnover) up 83% QoQ.

🟢 BSE reported ADTO in Q4 up 51% QoQ with market share increased to an all-time high of 31%.

🔴 Tata Motors Passenger Vehicles will hike passenger vehicle prices by 0.5% from April 1.

🔴 IOCL hiked industrial diesel price to ₹109.59 from ₹87.57 per litre.

🔴 Eternal hiked its food delivery platform fee to ₹14.90 from ₹12.50 per order.

🔴 IndiGo, SpiceJet, and Air India opposed the government’s 60% free seat selection diktat saying it will force airfare hikes.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.

🟢 Patel Engineering received a letter of award for the Renuka Ji Dam Project valued at ₹910.08 Cr.

🟢 J K Cements was declared the preferred bidder for the Dommarnandyala Block-3 mining lease in Andhra Pradesh, which spreads over 1,188 hectares.

🟢 Samvardhana Motherson International formed a joint venture with Hellmann Worldwide Logistics to expand global automotive supply chain solutions.

🟢 Firstsource Solutions launched a full-stack agent-first AI operating model.

🟢 Lemon Tree Hotels signed a new resort in Lonavala, Maharashtra, further strengthening the company’s leisure portfolio.

🟢 Nestle India added a new Munch production line at its Sanand Plant with a ₹225 Cr investment and a capacity of 8,300 TPA.

🔴 HDFC Bank’s Chairman Atanu Chakraborty resigned citing ethical concerns and governance discomfort, with his statement indicating issues observed over the last 2 years.

🟢 RBI stated there is no material concern for HDFC Bank, which remains financially sound.

🔴 IRDAI announced zero commission on all insurance products on BIMA Sugam, a negative development for PB Fintech’s Policy Bazaar platform.

🟢 Centre offered an extra 10% LPG to states committing to PNG shift, benefiting IGL, MGL, and Gujarat Gas.

🔴 Aluminum fell more than 8% on the LME, the biggest drop since 2018, negatively impacting Hindalco Industries and NALCO.

That’s it for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.