Things I compiled yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Sterling and Wilson Renewable Energy (SWREL) wins new domestic orders worth ₹3,550 Cr anchored by Coal India’s 875 MW solar project in Bikaner as L1 bidder. FY26 total EPC order inflows of SWREL crossed ₹10,062 Cr beating the initial ₹10,000 Cr annual target. This is also SWREL's first order from Coal India marking entry into the PSU mining-to-renewables pivot segment.
Partnerships, Investments & Acquisitions
🟢 TVS Motor signs a Memorandum of Understanding with Hyundai Motor Company to develop and locally manufacture electric 3-wheelers for India’s last-mile mobility market. Hyundai leads engineering and design while TVS handles production and sales. Mahindra Last Mile Mobility commands over 40% share in India’s electric 3-wheeler segment.
Core Business & Regulatory
🔴 Tata Starbucks has hiked prices by 5-10% across its menu in response to rising coffee bean, milk, rental, and staff costs.
🔴 Mastek reduces EBITDA margin guidance from 17% to 16.5% due to increased competition. The company’s actual FY26 operating EBITDA came in at 15.8% for the full year.
🟢 Carysil targets quartz kitchen sink capacity of 1.25 million units per annum with a proposed ₹50 Cr investment to serve major US retail chains. Carysil is Asia’s only manufacturer using proprietary German Schock technology holding IKEA’s exclusive non-US quartz supply contract.
Economy
🔴 IRDAI is preparing draft regulations on insurance commissions. DFS Secretary M. Nagaraju has stated that higher insurance commissions are a concern for the government. IRDAI recently sought granular channel-wise and product-level commission data from all insurers signaling an imminent regulatory overhaul of distribution economics.
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.