Things I compiled yesterday as part of my stock research activities.
🟥 Vedanta disclosed that the Enforcement Directorate searched its premises from June 1 to 3 under FEMA, reportedly over royalty payments to parent Vedanta Resources. The company says no penalty or business impact followed. This search has happened just weeks before its demerger. Strange.
🟩 Titan set an FY30 target to double its jewellery revenue versus FY26 at a 20% CAGR and reach 1,400 stores from 800. The 20% pace sits well below the 46% jewellery growth Titan posted in Q4 FY26, signalling planned normalisation after gold-price-driven gains.
🟩 Maruti Suzuki launched India’s first flex-fuel car, capable of running on up to 100% ethanol, at a Delhi event with Union Minister Mr. Gadkari and Mr. Puri. Maruti becomes the first automaker to launch a flex-fuel model. The government will roll out 100 ethanol fuel stations across Delhi-NCR and Maharashtra, targeting 500 by end-2026 and 5,000 by 2027, said Mr. Puri.
🟩 Hyundai Motor India will roll out its first dedicated mass-market EV, a compact eSUV, from its Chennai plant this year. Hyundai will build the model in Tamil Nadu for export worldwide, anchoring its $5 billion India investment plan.
🟩 Aurobindo Pharma received final US FDA approval for Tofacitinib tablets in 5 mg and 10 mg strengths, the generic of Pfizer’s Xeljanz. Tofacitinib treats rheumatoid arthritis, psoriatic arthritis and ulcerative colitis, adding to Aurobindo’s 550-plus final US approvals that anchor its largest revenue market.
🟩 Dixon Technologies said its joint venture with China’s Vivo for smartphone manufacturing is under active consideration for government approval. Approval would hand Dixon scale in branded smartphone assembly. China-linked electronics tie-ups still face prolonged security and FDI clearance in India though.
🟩 HDFC Mutual Fund will temporarily restrict lumpsum subscriptions into its Gold ETF and Gold Fund of Fund. Fund houses cap gold ETF inflows when demand outpaces the physical gold they can source.
🟩 The Defence Ministry is evaluating incentives for sourcing indigenous military-grade materials under the draft Defence Acquisition Procedure 2026, a tailwind for Mishra Dhatu Nigam. Mishra Dhatu Nigam is India’s main producer of superalloys and special steels for defence and space, so sourcing mandates would lift its captive demand.
🟩 India’s power consumption rose 11.55% year-on-year to 164.98 billion units in May 2026, from 147.89 billion units in May 2025. An intense heatwave drove the jump as peak demand hit a record 270.82 GW, more than the year-ago 230.99 GW.
🟩 The Union Cabinet approved scrapping capital gains tax on foreign portfolio investors’ holdings of government securities, to be enacted through an ordinance. The move targets the bond market only.
FINVEZTO.COM | Build Wealth. Systematically.
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.