Things I compiled yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Power Mech Projects secures ₹296.44 Cr order from Maha Mumbai Metro Operation Corporation for operations and maintenance of Mumbai Monorail for a duration of 5 years.
🟢 Enviro Infra Engineers received Letters of Empanelment for 2 projects in Maharashtra worth ₹972.19 Cr with 24-month execution under Swachh Bharat Mission. Projects cover Pune and Nashik ULBs, adding 241.60 MLD of total STP capacity across 306 urban local bodies.
🟢 Zaggle Prepaid Ocean Services entered a 2-year agreement with Generali Central Insurance Company for the Zaggle Zoyer Platform. Zoyer is Zaggle's B2B spend management platform; insurance sector adoption signals widening enterprise client verticals beyond BFSI.
Core Business & Regulatory
🟢 AstraZeneca Pharma bags CDSCO nod for Calquence (Acalabrutinib) additional indication covering treatment of previously untreated CLL/SLL in India. India's oncology market is projected to expand by $2.35 billion between 2025 and 2030, growing at a 20% CAGR.
🟢 Anand Rathi Wealth crosses ₹1 lakh Cr in AUM. The milestone was reached on April 10, aided by post-March equity market recovery; FY26 closing AUM stood at ₹93,037 Cr.
🟢 Godrej Properties added ₹42,100 Cr of future sales potential through FY2026 portfolio additions, achieving over 200% of guidance and 59% YoY growth. The company added 18 new projects totalling ~33.32 million sq. ft., more than double its initial ₹20,000 Cr guidance for the year.
🔴 TCS reported its first-ever full-year YoY decline in dollar revenue since its 2004 listing. FY26 dollar revenue stood at $30,017 million, a 0.5% YoY decline and 2.4% decline in constant currency terms.
🔴 TCS reacted to the Nashik sexual harassment probe confirming employees are being investigated and suspended, with 6 employees and 1 HR official arrested and ~9 FIRs filed.
Economy, IPO & Other
🔴 Cigarette sales fell 3-5% in March and continued to fall further in April, with the steepest decline in East India (ITC, Godfrey Phillips). The decline follows the February GST hike from 28% to 40% and an additional excise duty effective February 1.
🟢 RBI proposes asset size of ₹1 lakh Cr for NBFCs to be classified as Upper Layer.
That’s it for today.
FINVEZTO.COM | Build Wealth. With Clarity.
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.