SRF is facing a significant tax demand of INR 327.4 crore due to a technical error, with an additional INR 101.8 crore for interest. The company has submitted rectification requests and appeals, hoping to reverse the decision. Currently, this issue is not expected to impact their financials.
Mohit Agarwal
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EPL Ltd and Indovida India Pvt Ltd have combined forces, forming a packaging powerhouse with over $1 billion in annual revenue, particularly targeting emerging markets. Post-merger, EPL's earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to reach INR1,750 crore. Indorama will own 51.8% of the new entity, while Blackstone retains a 16.6% stake.
ICICI Bank has revised downwards its prediction for India's economic growth in FY27, citing concerns over energy disturbances, high global oil costs, and supply chain bottlenecks as major factors contributing to this reduced outlook.
HSBC has affirmed its 'Buy' recommendation for Polycab due to robust Q4 revenue growth, boosted by higher sales realizations. However, KEI Industries received a 'Hold' rating from HSBC due to ongoing challenges in West Asia.
Sharda Cropchem, an agrochemical exporter based in Mumbai, has experienced significant growth over the past year, with its stock price surging by approximately 90%. This remarkable increase has more than tripled investors' wealth over a five-year period. The company currently holds a market capitalization of around ₹8,200 crore.
Hi-Tech Pipes surpassed Q4 records with a 27% year-on-year increase in sales, reaching 1.47 lakh mt. Their total FY26 sales also grew by 10%, amounting to 5.32 lakh mt. As a result, their shares climbed by 1.53% to ₹78.3 on the NSE.
Nomura reaffirms a Buy rating on Adani Ports, predicting a robust 11% year-on-year cargo increase to 501 million tons in FY26. The projected revenue and EBITDA growth for the same period stand at 14% and 13% respectively. The company's valuation is deemed attractive with a multiple of 11 times estimated FY28 earnings before interest, taxes, depreciation, and amortization (EV/EBITDA).
The Nifty Chemicals index experienced a 3.4% drop due to the government's decision to eliminate import duties on crucial petrochemicals, potentially causing increased competition for companies like Swan Energy (-5.6%) and SRF (-5.5%). Analysts predict these firms may face margin pressures as a result.
Banks like HDFC, ICICI, and IDFC First are set to unveil their Q4 FY26 results and dividend declarations in April. Key focus areas will be Net Interest Margin (NIM), asset quality, credit demand, and readiness for regulatory challenges given the global environment.
Alkem Labs has increased its investment in a new formulations plant in Ujjain to ₹1036 crore, almost doubling the original ₹533 crore allocation. The expansion of the facility will be carried out in phases.
Steel Strips Wheels Ltd achieved a record-breaking sales figure of over ₹500 crore in March 2026, marking a significant milestone. Notably, commercial vehicle sales surged by 74% year-on-year and tractor sales showed a substantial increase of 31%. This impressive growth indicates strong market demand for their products.
Investment advisor Motilal Oswal has identified TCS, HCLTech, Tech Mahindra, Infosys, and Coforge as top IT picks before Q4 results. These companies have shown resilience, strong growth, and excellent execution according to the recommendation.
Ishan Dyes and Chemicals Ltd has allocated 7.4 lakh shares to its promoter Piyushbhai Natvarlal Patel through a preferential allotment, increasing the company's equity capital to approximately ₹27.3 crore. The diluted share capital now stands at around ₹30.7 crore following this transaction.
BEL lands major contracts, enhancing its market outlook significantly. The government's intervention on ATF pricing could benefit associated industries positively.
HCLTech and CrowdStrike have collaborated to introduce an AI-driven continuous threat management service for enhanced risk monitoring. The partnership has boosted HCLTech's stock, peaking at Rs. 1358.8 in intraday trading with a turnover of over Rs. 170 crores on the BSE.
Great Eastern Shipping has added a 2014-built, 49,420 dwt tanker to their fleet, marking the acquisition for the first quarter of FY27. The company is financing the purchase using its own funds.
The Indian stock market experienced a significant boost on April 1st, with both the Nifty 50 and Sensex increasing by approximately 1.56% and 1.65% respectively. This growth was led by gains in defense stocks such as GRSE, Mazagon Dock, and Cochin Shipyard, along with a rally in PSU banks.
Blue Star Ltd. has reached its lowest price point in the past year at Rs 1,519.5, following five straight losses, resulting in a 12.2% drop over three days, despite momentarily reaching an intraday high of Rs 1,684.95.
Corporate credit upgrades in India might have reached their peak, according to ICRA, Crisil, and India Ratings, due to global tensions and rising energy costs. Balance sheet strength is noted, but mid-tier firms and energy-dependent sectors face potential disruptions.
The Nexus Global Opportunities Fund has purchased approximately 200,000 shares of Wonder Electricals Ltd., with an average transaction price of around ₹82.63 per share. This investment indicates a potential interest in the electrical appliances manufacturer.