The Adani Group has asked a US court to dismiss the SEC fraud case concerning their 2021 bond sale for Adani Green Energy. They claim that the jurisdiction is questionable and accuse the SEC of baseless allegations about the overseas bond sale. The defense asserts no securities law violations occurred, since the bonds were repaid in full, and there's a lack of credible evidence to support bribery claims.
Nikhil Bansal
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Tata Steel faces a hefty Rs 1,755 crore mining claim, potentially impacting its finances significantly. Meanwhile, Emami is set to acquire a substantial 73.5% stake in Axiom Ayurveda, and Shree Cement plans to invest Rs 1,800 crore in a new plant in Meghalaya.
HDFC Securities has rated APL Apollo 'Add', setting a target price of INR 2,070. The rating is based on projected accelerated Annual EPS growth (CAGR) for FY25-28, driven by robust fundamental strengths within the company.
Abneesh Roy of Nuvama identifies Marico, Tata Consumer, Nestle, and Britannia as solid FMCG investments due to their resilience against rising raw material costs, thanks to favorable pricing trends and retail expansion.
Diamond Power secured orders worth INR 163 crore from the Adani Group, with notable orders coming from Adani Power (INR 43.3 crore) and Adani Electricity (INR 100.5 crore). The company's Q3 FY26 net profit surged by an impressive 693% to INR 49.72 crore, attributable to a strong sales growth of 54.2%, reaching INR 474.08 crore.
On April 6, 2026, Sumeet Bagadia suggests considering buy calls for Tata Consumer Products, BEL, and ACME Solar Holdings due to their optimistic trends, suggesting possible reversals and upward trajectories.
SFL, a division of Satin Creditcare, has achieved an Assets Under Management (AUM) of Rs 1,000 crore in the fiscal year 2025-26, marking significant growth. The expansion of their operations now spans across 121 locations, accompanied by an increase in staff to over 1,200 employees. This progress suggests a robust and expanding presence in the financial services sector.
Amber Enterprises has completed the acquisition of the remaining 50% share in Amber Resojet, making it a fully-owned subsidiary for approximately INR 1.74 crore.
Goldman Sachs keeps a neutral stance on HAL, predicting a target price of INR 5,255, based on projected FY26 revenue growth of 4.1%. Despite potential Q4FY26 revenue decline by 4.4% due to delays, the firm expects support from other income to maintain margins.
The US tariff threat on certain medicines has caused Indian pharma stocks to decline, with notable drops seen in Biocon, Sun Pharma, Glenmark, Aurobindo, and Ipca Labs by 4-5%. The Nifty Pharma index fell by 3.8% due to these concerns about reshoring production.
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.
Granules company reports that the recent FDA inspection resulted in a voluntary action classification. Following the inspection, the FDA decided not to take any additional regulatory actions.
Texmaco Rail announced a significant ₹357.1 crore order from JSW Group for railway wagons and rakes, however, the company's share price dropped by 5.7% to ₹78.9 on Monday, marking a 20% decrease in a month and a 42.6% decline over the past six months.
Muthoot Finance has been issued a significant tax demand of over 970 crores related to ESOPs, TDS, and bad debts. The company plans to challenge this decision, expressing confidence that it won't have any substantial financial repercussions on their overall standing.
According to Crisil Ratings, the recovery rate for Asset Reconstruction Companies (ARCs) is projected to reach 90% next fiscal year due to resolution progress in sectors like real estate, roads, and power. However, private ARCs faced a 4% decrease in assets under management (AUM) this year, as redemptions exceeded acquisitions. The low supply of new stressed assets could pose challenges for future growth.
The Nifty's usual April gains could be challenged due to escalating geopolitical tensions, currency fluctuations, and energy market volatility. TCS will initiate the Q4 earnings season on April 9, 2026, amidst an unpredictable market climate.
Adani Electricity has awarded Jyoti Structures a contract for the construction of power lines (220kV and 110kV) over the next year. The scope includes design, manufacturing, testing, and commissioning phases.
BHEL has secured a significant order worth INR 13,500 crores, expanding their order book and signaling renewed interest in the company's power engineering sector.
Despite robust year-to-date PAT growth for six Nifty 500 stocks, they have experienced significant declines up to 35%, possibly due to the combined impacts of rising crude prices, inflation, and market turbulence. Aegis Vopak, SBFC, IOB, and Muthoot Finance appear to be particularly affected by these pressures.