Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 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.
Partnerships, Investments & Acquisitions
🟢 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.
Core Business & Regulatory
🟢 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.
Economy, IPO & Other
🔴 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.
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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.