Things I compiled yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 NBCC (India) Limited emerges as highest bidder in e-auction for a commercial tower at Bharat Business Park, Sarojini Nagar, New Delhi, with total estimated investment of ₹1,374.45 Cr.
🟢 Mazagon Dock is finalizing contract negotiations with Thyssenkrupp Marine Systems for a 6 submarine project under Project 75(I). Defence Minister Rajnath Singh departs for Germany from April 21 on a 3-day visit. Deal size is approximately ₹70,000 to 75,000 Cr.
Partnerships, Investments & Acquisitions
🟢 Zaggle Prepaid Ocean Services enters into a 3-year agreement with Federal Bank to provide employee expense management services. Zaggle now serves over 3,700 corporate clients and 3.7 million users, with a 48% revenue growth print in Q3 FY26.
🟢 Paytm converts ₹197 Cr outstanding debt in First Games Technology into equity, raising its stake from 55% to 82.6%. First Games had discontinued real money gaming operations. The equity conversion has no P&L impact as the investment was already fully impaired.
Core Business & Regulatory
🟢 UltraTech Cement’s India capacity surpasses 200 MTPA with 3 new units commissioned across UP, Jharkhand, and AP; eyes 240 MTPA target. UltraTech crossed 200 MTPA a full year ahead of its original FY27 deadline, ranking it among the top 3 cement producers globally outside China.
🟢 Apollo Micro Systems is granted a lifetime arms manufacture licence by the Government of India, authorising manufacture of missiles, ATGMs, torpedoes, aerial bombs, and loitering munitions at its Hyderabad facilities. The licence allows production of up to 1,000 units per category annually, a first for a listed private-sector defence OEM in this weapon class.
🟢 Zen Technologies receives arms manufacturing licence from the Government of India for 12.7mm, 23mm, 30mm, and 40mm cannons, enhancing air defence and counter-drone capabilities. Zen already supplies hardkill counter-drone systems to the Army Air Defence College and holds a ₹120 Cr combat training node contract.
🟢 Max Healthcare plans to add 1,200 beds in FY27, expanding overall capacity to around 6,500 beds by end of FY27. A broader ₹5,000 Cr plan targets over 10,000 beds across India within 2 to 4 years, funded entirely through internal accruals.
🟢 Bajaj Consumer portfolio now contributes annual sales of ₹225 Cr and aspires to grow to ₹500 Cr over the next 3 years. The company’s Almond Drops commands an estimated 65% share in the light hair oil segment against Marico and Dabur.
Economy, IPO & Other
🔴 India smartphone shipments fell 3% YoY in Q1 2026, marking the weakest quarter in six years, as memory cost inflation and weak entry-level demand weighed on volumes.
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.