Things I compiled yesterday as part of my stock research activities.
Key Quarterly Results
Core Business
🟢 Caplin Point Laboratories plans to enter Canada, Australia, MENA, Russia/CIS, Mexico and Brazil in the near to medium term. These additions extend Caplin’s addressable regulated-market geography well beyond its current US-Latin America base.
🟢 Zydus Lifesciences acquires Nasdaq-listed Assertio Holdings at $23.50 per share in an all-cash deal valued at $166 million (~₹1,570 Cr). The headline asset is Rolvedon, an FDA-approved oncology biologic that reduces infection risk in chemotherapy patients and competes in a high-margin segment well above traditional generics.
🟢 Crompton Greaves targets a ₹2,000 Cr solar business within 3-4 years through national rollout of the Crompton Armor wires brand. India’s PM Surya Ghar programme targets 10 million rooftop solar homes, creating large addressable demand for branded wiring and balance-of-system products from established consumer electrical names.
🟢 Siemens AG reports India revenue grew 21% in Q2 FY2026, far above Street estimates of 6-7%, reflecting robust domestic capex across industry, infra and electrification. India was the fastest-growing geography within Siemens’ Asia Pacific region, which grew 8% overall.
New Orders Received
🟢 Kalpataru Projects reports new order wins of ₹1,833 Cr YTD FY27, with L1 status on an additional ₹3,200 Cr of projects. The combined confirmed-plus-pipeline position of ~₹5,000 Cr at the very start of FY27 is consistent with the ₹26,000 Cr-plus annual inflow pace achieved in FY26.
🟢 MTAR Technologies secures international blanket purchase orders worth ₹2,279 Cr from an undisclosed existing customer, with execution timelines to be finalized later. This single order is nearly equivalent to MTAR’s entire FY26 closing order book of ₹2,581 Cr.
🟢 L&T, as prime contractor, will offer the Unmanned MCM Suite to all Indian Navy shipyards bidding for the 12 Mine Counter Measure Vessels programme, with France-based Exail as technology partner.
Economy & Other
🔴 Higher platinum import duty, doubled from 6.4% to 15.4%, is set to raise vehicle costs by ₹2,500-4,000 for entry-level cars, ₹8,000-12,000 for mid-size diesel SUVs and ₹12,000-18,000 for strong hybrid models. The duty change accelerates OEM incentive to reduce platinum-group metal loading in catalysts or pivot to BEVs where catalytic converters are absent entirely.
🔴 Ministry of Railways plans to dilute 5-10% stakes in six listed railway PSUs and 2-3% in CONCOR via OFS in FY27 to meet ₹2.62 trillion in NMP 2.0 monetization targets. A 5% stake sale across the six PSUs alone could raise ₹15,000-20,000 Cr for the government while all entities retain above-51% government ownership.
🔴 India’s April WPI rose to 8.30% YoY from 3.88% in March, a 42-month high, with fuel and power prices surging 24.71% and crude petroleum inflation hitting 88% YoY. The print significantly overshot consensus estimates.
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.