Things I read yesterday as part of my stock research activities.
Quarterly Results
Partnerships, Investments & Acquisitions
🟢 MPS Limited acquired 100% of US-based Unbound Medicine for $16.5 million, strengthening its portfolio with AI-driven clinical decision support and medical education platforms.
Core Business & Regulatory
🟢 Hyundai Motor India hits highest-ever monthly total sales of 73,137 units in January 2026, up 11.5% YoY. Led by stronger domestic sales.
🟢 Tata Motors Passenger Vehicles records Jan 2026 sales of 71,066 units, up 47.1% YoY, with domestic up 46.1% and EV volumes rising.
🟢 Mahindra & Mahindra posts strong Jan 2026 volumes with total vehicle sales up 24% and domestic tractor sales up 46% with a total of 93,689 bookings.
Budget Beneficiaries
🟢 Larsen & Toubro benefits as Budget indicates ₹12.2 Lac Crore infrastructure outlay for FY27. This supports EPC ordering visibility across roads, ports, rail and energy.
🟢 Container Corporation of India benefits as Govt plans multiple rail networks for containers and boosts container manufacturing, allocating ₹10,000 Cr over 5 years.
🟢 Dixon Technologies, Amber Enterprises benefits as Govt announces electronics components manufacturing plan with ₹40000Cr outlay, accelerating localization and demand for EMS and components.
🟢 Power Finance Corporation gains as Govt plans to restructure PFC and REC, improving power-sector financing architecture and lending efficiency over time.
🟢 Apollo Hospitals, Medanta, Narayana Hrudalaya, Max Healthcare benefits as Govt proposes 5 hubs for medical value tourism, supporting inbound patient flows and premium procedure utilization. This also creates partnership opportunities across hospitals, travel operators, insurers and diagnostic ecosystems.
Economy, IPO & Other
🟢 Income-tax rates/slabs are broadly unchanged in Budget 2026, so your main decision remains old vs new regime based on whether your deductions/exemptions meaningfully reduce tax.
🟢 The Budget speech reiterated the Income Tax Act, 2025 takes effect 1st April 2026, with simplified rules, forms and compliance.
🔴 Govt hikes STT on futures by 2.5x to 0.05% and on options by 1.5x. India’s Honorable Finance Minister Nirmala Sitharaman cites many complaints and retail losses, explaining the STT hike intent to curb speculation.
🟢 Govt announces provision of 4,000 e-buses in select locations in Union Budget 2026, supportive for e-bus OEMs, charging ecosystem and related suppliers.
🟢 Govt proposes a tax holiday for cloud services with India data centres in Union Budget 2026, incentivising capacity expansion and domestic cloud infrastructure buildouts.
🟢 Govt keeps commodities transaction tax unchanged in Union Budget 2026, avoiding extra cost pressure for commodity market participants.
🟢 Govt plans to develop fisheries reservoirs under Union Budget 2026.
🔴 Govt guides FY26 fiscal deficit at 4.4% of GDP and projects debt-to-GDP at 55.6% in FY27, keeping borrowing in focus.
That’s it for today.
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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.
Traders are so angry on X after the STT hike but overall the budget is not so bad.
1. Defense allocation is up.
2. Goverment is promoting Ship building.
3. Holiday tax for cloud companies.
These themes should do well.