Things I compiled yesterday as part of my stock research activities.
Key Quarterly Results
Key Stock Updates
🟢 Bharat Forge signs an MoU with the Andhra Pradesh government to establish India’s first private-sector Marine Gas Turbine manufacturing facility at Visakhapatnam, expected to create approximately 750 jobs. India currently imports all naval gas turbines, making this a import-substitution play.
🟢 Zydus Lifesciences guides for high-teen revenue growth in FY27, with India formulations up 14% YoY at ₹1,753 crore. Separately, the board approves a buyback of up to 95,65,217 shares at ₹1,150 per share via tender offer, aggregating ₹1,100 crore. This is Zydus’ third buyback in three years, reflecting consistent surplus capital generation as US generics and biosimilar launches scale.
🟢 Max Healthcare completes acquisition of approximately 58.28% equity stake in Kalinga Hospital, Bhubaneswar for approximately ₹297.97 crore, financed via External Commercial Borrowings of up to ₹300 crore. This marks Max Healthcare’s first footprint in Odisha, a market where private hospital bed penetration remains significantly below the national average.
🟢 Transformers and Rectifiers India (TARIL) secures a ₹175 crore domestic order from Bhanwariya Infra Projects for manufacturing transformers and reactors, with delivery by March 2028. This adds to an order book that now exceeds ₹5,005 crore, against FY26 revenue of ₹2,395 crore standalone.
🟢 NIBE successfully completes test-firing of its Suryastra Universal Rocket Launcher System.
🔴 ITC and Godfrey Phillips hike prices on select pocket pack brands following the 30 to 40% excise duty increase effective February 2026. Pocket Marlboro is now priced at ₹85 from ₹70 and Gold Flake Superstar at ₹79 from ₹70. These might affect cigarette volumes.
Economy & Other
🔴 The Indian Rupee hits a fresh all-time low of approximately 96.38 per USD, extending its decline to over 2.2% this week alone. Brent near $107, persistent FII outflows, and higher US yields are some key factors.
🔴 India is on Ebola alert after WHO declared a global health emergency. No cases are confirmed in India so far but airport health screening is being tightened at major international gateways.
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.