Things I read yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Agarwal Industrial Corporation won BPCL bitumen supply order worth ₹218.59 Cr for 42,800 MT to Kakinada and Mangalore between Jan 2026–Jan 2027.
Partnerships, Investments & Acquisitions
🟢 RITES signed MoU with SAIL for locomotive leasing and maintenance collaboration, strengthening rail services partnership across operations and upkeep support.
🟢 Infosys renewed and expanded its digital partnership with MSG, aiming to deepen joint technology initiatives and enhance digital experiences across platforms.
Core Business & Regulatory
🟢 Lupin launched Dasatinib Tablets in the US after FDA approvals for all six strengths, targeting chronic myeloid leukemia market with ~$930M annual sales.
🟢 Brigade Hotel Ventures signed MoU with Tamil Nadu government to invest ₹1,100 Cr in Chennai, adding 500+ keys across three new hotels.
Economy, IPO & Other
🟢 India and the US agreed to cut the reciprocal tariff from 25% to 18%. Washington also removed an additional 25% punitive levy on Indian goods. The move is part of a new trade arrangement aimed at de‑escalating past tariff hikes. In return, India has committed to increase purchases of US products, including energy, technology and agricultural goods. This is expected to strengthen bilateral trade ties and support export‑oriented sectors in both countries.
🟢 Gift Nifty rallied sharply after the trade announcement, surging about 650–800 points intraday. This move translates into a gain of roughly 2.7–3.3%.
🔴 Air India grounded a Boeing 787-8 after another reported fuel control switch issue on a Bengaluru-Heathrow flight.
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.