Things I compiled yesterday as part of my stock research activities.
Key Quarterly Results
Core Business
🔴 Eicher Motors received Andhra Pradesh Government approval for a 215.7-acre greenfield plant at TADA as existing motorcycle capacity operates at near-full utilization of 14.6 lakh units annually. Through its VECV arm, Eicher will additionally deploy up to 1,000 Eicher Pro-X electric trucks for Amazon India’s Amazon Now quick-commerce operations by 2028, its most significant fleet EV commitment to date.
🟢 Airtel warned that India’s telecom pricing model is under structural stress as ARPU growth begins to stall. Airtel’s ARPU of approximately ₹245 in Q3 FY26 leaves limited tariff hike capacity without subscriber churn risk, making revenue growth increasingly dependent on subscriber addition rather than deeper monetization.
🟢 Neogen Chemicals has commissioned 200 MTPA of lithium electrolyte salt capacity with 1,300 MTPA under trial production, and management targets ₹875 to 950 Cr revenue in FY27. FY27 is positioned as a transformative year as battery chemicals scale from near zero to a meaningful revenue contributor within the overall portfolio.
🟢 Paytm launched Pocket Money, enabling UPI payments for teenagers without a bank account, with parental real-time spend monitoring and limit controls. India has over 250 million teenagers, and this product expands Paytm’s addressable user base well beyond its existing adult payments and credit customer pool.
🟢 Deccan Gold Mines discovered significant Nickel, Copper, and Platinum Group Elements mineralisation at its Bhalukona project in Chhattisgarh. PGEs command 10x to 50x the unit price of base metals and are critical for catalytic converters and hydrogen fuel cells.
🟢 Uno Minda announced total FY27 capex of ₹1,750 Cr with ₹1,100 Cr directed toward growth projects and guided for 11% EBITDA margins. Growth capex at 63% of total outlay reflects an aggressive push to capture rising demand across EV components, passive safety systems, and alloy wheels.
🔴 Amber Enterprises expects temporary margin pressure of 50 to 100 bps on a consolidated basis per its concall.
New Orders Received
🟢 Marine Electricals won orders worth ₹208.72 Cr from Adani Infra and Udupi Cochin Shipyard for power distribution and alarm monitoring systems, to be executed over 12 to 24 months.
🟢 GR Infraprojects’ wholly owned subsidiary executed a concession agreement with NHAI for a ₹1,453.57 Cr highway upgradation project to be completed in 910 days.
🟢 Pace Digitek secured a ₹709.9 Cr BESS EPC and 12-year O&M contract from NLC India Renewables for a 250 MW / 500 MWh project across three Tamil Nadu substations. Back-to-back large utility wins take FY27 YTD energy segment order inflows to ₹1,412 Cr, positioning Pace among India’s most active utility-scale BESS EPC contractors.
🟢 Bondada Engineering received orders from Adani Group worth ₹469.52 Cr for a 250 MW BOS package to be executed in 8 months. Cumulative executed capacity now reaches 975 MW, placing the company within striking distance of the 1 GW milestone this fiscal year.
Economy & Other
🟢 Commerce Minister Piyush Goyal set a $1 trillion goods and services export target for FY27 and a $2 trillion target over the next five years. Reaching $1 trillion from FY26’s estimated base implies approximately 15 percent growth, making export-oriented sectors including pharma, engineering goods, and textiles key structural beneficiaries.
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.
Hi Sir..
This is interesting and Clear Economy data of the market ..
Thanks.