Things I compiled yesterday as part of my stock research activities.
🟩 Titagarh Rail Systems guided its Passenger Rail Systems segment to a minimum of 200 cars in FY27. FY26 delivered 63 passenger rail cars. The 200-car target represents over 3x year-on-year growth in a single year. Vande Bharat Sleeper deliveries, a BHEL JV for Vande Bharat Sleeper manufacturing, and the first aluminium metro coaches made entirely in India are the FY27 milestones.
🟩 IEX recorded a total electricity trade volume of 12,983 MU in May 2026, up 18.6% year-on-year. Day-Ahead Market volume rose 25% year-on-year in May. Average market clearing price stood at Rs.4.88 per unit. April 2026 volume was 12,341 MU, also up 16.6% year-on-year. Each successive month has accelerated versus the prior.
🟩 JBM Auto claims 49% electric bus market share in May 2026 with 157 e-bus registrations for the month. FY26 full-year market share was 24% with 1,282 registrations.
🟩 Bajel Projects was awarded an EHV substation EPC order worth Rs.300-400 crore from a domestic client
🟩 Shilpa Medicare acquired a 30.4% equity stake in Gate2Brain, a Swiss clinical-stage biotech developing brain cancer therapies.
🟥 Zydus Lifesciences received a USFDA warning letter for its Baddi formulation manufacturing facility in Himachal Pradesh. The letter cites purified talc used at Baddi that did not meet current USP requirements.
🟥 SEBI restrained Rajesh Mehta, Executive Chairman of Rajesh Exports, from buying, selling, or dealing in securities of Rajesh Exports. Rajesh Exports is India's largest gold processing, manufacturing, and export company by revenue, with significant domestic retail brand presence.
🟩 India's HSBC Composite PMI for May 2026 rose to 59.3, up from 58.1 in April 2026. Services PMI reached 59.8, the stronger of the two sub-indices, rising from 58.9 in April. Consecutive monthly readings above 58 confirm expansion in domestic services output and new business formation.
🟩 The Union Cabinet approved a Rs.10,000 crore ATF Price Stabilisation Fund. The fund is structured as interest-free advances to oil marketing companies (IOCL, BPCL, HPCL).
🟥 India tightened silver import regulations, mandating DGFT prior authorization for all 99.9% purity silver forms including grains and powder. India spent USD 12 billion on silver imports in FY26, up 150% year-on-year from USD 4.8 billion in FY25. Import tariffs on gold and silver were also raised to 15% from 6% earlier this year. Collectively designed to reduce bullion-driven pressure on India's foreign exchange reserves.
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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.