Things I compiled yesterday as part of my stock research activities.
Quarterly Results
Partnerships, Investments & Acquisitions
🟢 BHEL entered a LAToT (Licensing Agreement for Transfer of Technology) with NSTL-DRDO covering fabrication, installation, and commissioning of the LM2500 GT-IRSS for naval vessels. The LM2500 engine propels multiple Indian Navy destroyers and frigates.
🟢 PC Jeweller’s Chad-based step-down subsidiary PCJ Mining SARL was incorporated for precious metal ore extraction. Chad remains one of Africa’s least-explored mineral jurisdictions, giving early entrants a structural advantage in securing resource blocks at minimal acquisition cost.
Core Business & Regulatory
🟢 ITC plans to double manufacturing capacity of luxury chocolate brand Fabelle over the next 15-18 months and expand its retail footprint. India’s premium chocolate segment, estimated at ₹1,000-1,200 crore, is growing at nearly double the pace of the overall ₹22,000 crore chocolate market.
🟢 Maruti Suzuki’s chairman guided capex of approximately ₹10,000 crore in FY27, directed at new manufacturing plants at Kharkhoda and Gujarat. Maruti Suzuki’s chairman said new production lines at Kharkhoda and Gujarat will together add 500,000 units of capacity by end of FY27, driven by the small car demand revival post GST cuts. Maruti ended FY26 with approximately 1.3 lakh pending small car orders, validating the urgency behind the capacity push.
🟢 Eternal (Zomato) targets $1 billion of adjusted EBITDA by FY29, is more confident than ever about achieving 5-6% margin guidance, and ended Q4FY26 with a cash balance of ₹17,972 crore. Eternal says no meaningful profitability impact is expected in Q1FY27 from the recent LPG shortage, though some restaurants in affected pockets saw temporary disruption. Demand has redistributed within the Zomato platform rather than disappearing, as wide restaurant selection across cuisines and price points absorbs localised supply shocks.
🟢 Hindustan Zinc CEO plans to add 3 new rare earth metals to its portfolio over the next 5 years, tapping a pipeline of 10 mineral blocks under exploration. India imports nearly 9,700 tonnes of rare earth elements annually, overwhelmingly from China, making this strategically critical.
Economy & Other
🔴 FIA, representing Air India, IndiGo and SpiceJet, warned the government that Indian aviation is on the verge of stopping operations, with a ₹73/litre ATF jump for international routes making global networks unviable.
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.