Things I compiled yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Transformers and Rectifiers (India) Ltd secured an export order worth USD 16.26 million (approx. ₹150 Cr) from PDC AK LPIV, LLC for supply of 5 transformers, with delivery scheduled by mid-2027. TRIL’s order book stands at ~₹5,000 Cr.
🟢 Sigma Advanced Systems secured a £300 million (₹3,800 Cr) seven-year agreement with Rolls-Royce to manufacture and supply high-precision aerospace components through its India-UK manufacturing network. The seven-year term provides Sigma steady revenue visibility through FY33 and cements its position as a program-level OEM partner.
Partnerships, Investments & Acquisitions
🟢 Sterling Tools entered into a technical collaboration and supply agreement with Nanjing Haohang Technology Ltd, China, to localise engineering, manufacturing, and sales of advanced rider assistance systems (ARAS) for India’s two-wheeler market. India’s 18 crore-plus two-wheeler fleet is one of the world’s largest ARAS addressable markets and currently sits at near-zero penetration.
Core Business & Regulatory
🟢 Indian Oil Corp, as part of an Indian consortium also including Oil India Ltd, announced a fresh oil and gas discovery from the sixth exploratory well in Block Area 95/96, Libya’s Ghadames Basin. IOCL holds a 25% participating interest. The 6,600 sq km block has already yielded multiple prior discoveries. Libya holds Africa’s largest proven oil reserves of approximately 48 billion barrels.
🟢 UltraTech Cement will commence its wires and cables business from Q3 FY27, with a ₹1,800 Cr greenfield plant near Bharuch, Gujarat. UltraTech’s entry directly threatens incumbents Polycab and KEI Industries, both of which saw 10% stock declines when the foray was first announced in February 2025.
🔴 UltraTech quantified West Asia crisis cost headwinds in its Q4 FY26 concall at ₹120/ton combined impact. Every $10/ton rise in petcoke hurts EBITDA by ₹70/ton and 10% higher diesel adds ₹30/ton. Despite these pressures, UltraTech reported a record Q4 FY26 PAT of ₹3,000 Cr.
🟢 Premier Energies unveiled India’s first all-black G12R DCR solar module (NeoBlack Series, 600 to 630 Wp, TOPCon technology) at RenewX Chennai. DCR compliance positions NeoBlack to qualify for PM Surya Ghar rooftop subsidies, a scheme targeting installations across 1 crore Indian homes.
Economy, IPO & Other
🟢 India’s electric passenger vehicle market grew 87.4% YoY in FY26 to 2.33 lakh units, led primarily by the mid-price ₹20 to 30 lakh SUV segment whose share nearly doubled to 35.7% of total EV sales. Entry-level EVs below ₹10 lakh shrank to just 6% of total sales, confirming that India’s EV transition remains skewed toward higher-income buyers for now.
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.