Things I read yesterday as part of my stock research activities.
Key Company Results, Q2 FY26
New Orders & Projects
🟢 Kalpataru Projects won new orders worth ₹2,332 crore across overseas power transmission and domestic buildings and factories. FY26 order inflows approach ₹15,000 crore, improving backlog and execution visibility in core EPC businesses.
🟢 PTC Industries obtained purchase order from DRDO’s GTRE for post-cast operations on Single Crystal Ready-to-Fit Turbine Blades.
🟢 Pace Digitek received a ₹1,159.31 crore award from SECI for a 600 MW/1,200 MWh battery storage DC package. Includes ten year maintenance.
🟢 Vikram Solar secured 148.9 MW order from Sunsure Energy for high-efficiency M10R N-Type TOPCon solar modules, completion by January 2026.
🟢 Bondada Engineering clinched ₹1,050 Cr order from Adani Group for 650 MW solar power project.
Partnerships & Acquisitions
🟢 Hero MotoCorp entered the UK with distributor MotoGB. It launches its Euro 5 plus compliant Hunk 440 at £3,499 and plans over 35 outlets by 2026, extending its European footprint.
🟢 Cipla signed marketing agreement with Eli Lilly for second tirzepatide brand Yurpeak in India for diabetes and obesity.
🟢 Premier Energies bought 51% stake in Transcon Ind for ₹500.3 Cr to expand in power transformers manufacturing.
🟢 Caplin Point Laboratories bought 4 approved US generic filings from third parties. The products have a combined market opportunity of 121 million dollars and are planned for introduction in 2026.
🟢 Choice International expanded wealth management by acquiring Fintoo Group’s distribution business and Glory Prime Wealth. Added roughly ₹635 crore assets under management from these and related acquisitions, strengthening retail reach and recurring fee income.
🟢 Syrma SGS and Premier Energies will jointly acquire KSolare Energy for ₹170 crore. The deal expands solar inverter manufacturing aligned with rooftop adoption under the PM Surya Ghar program.
Core Business & Regulatory
🟢 Glenmark Pharma to introduce Ropivacaine Hydrochloride Injection in US, bioequivalent to Naropin with $20.9 million market.
🟢 Stove Kraft plans to expand exclusive brand outlets to 500 by April 2027 from a base of 300 plus. Management expects 15 to 20 percent revenue contribution from own stores as offline reach deepens.
Economy, IPOs & Other
🟢 CRISIL said US tariffs could cut revenue for Indian leather and allied products by 10 to 12 percent in FY26. Export heavy players face pressure, partly offset by domestic demand and product diversification.
🟢 RBI reported digital payment modes formed 99.8 percent of transaction volume in the first half of 2025 and 97.7 percent by value. UPI continued to dominate by volume among retail systems.
🟢 NHAI will deploy Network Survey Vehicles across 23 states to assess 20,933 kilometres of national highways. Data will feed an analytics platform to detect defects and prioritise maintenance and renewal works.
🟢 China’s Communist Party pledged to modernise industry and accelerate technology self reliance in the 2026 to 2030 plan. The agenda maintains strong support for high tech manufacturing.
That’s it for today.
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