Diamond Power Infrastructure has secured a Rs. 19.6 crore cable supply contract from Adani Green Energy, marking a new business agreement between the two companies. The deal, valued at approximately $2.7 million, is scheduled for execution in the next 15 days and does not involve any related party transactions or promoter connections.
Ravi Chaudhary
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Morgan Stanley keeps a neutral stance on Tata Motors' passenger vehicles, setting a target price of INR 340, due to weakening sales trends at its subsidiary Jaguar Land Rover. Despite robust wholesale figures, US retail sales for JLR declined significantly in March, indicating a concerning trend.
Krishana Phoschem will disclose their latest quarterly results and dividend on April 8, 2026, following a board meeting for review and discussion of company updates.
Goldman Sachs maintains its neutral stance towards Dabur and sets a price target at INR 490, suggesting potential for stability rather than significant growth or decline in the near term.
Reliance Industries shares dropped by 4%, reaching a 10-month low of ₹1,300.2, with the market capitalization dipping below ₹18 trillion. Analysts attribute this decline to increased export duties, escalating costs, and adjustments in LPG production that could negatively impact short-term profit margins.
The Sensex rose by 185 points to end the day at 73,319.55, with the Nifty 50 also gaining slightly. Notably, financial advisor Sumeet Bagadia suggests considering investments in Infosys, Kalyan Jewellers, Supriya Lifescience, MM Forgings, and Vedanta.
Nimbus Projects makes its debut on the National Stock Exchange (NSE), expanding its market reach beyond the Bombay Stock Exchange (BSE). The initial market capitalization of approximately ₹350-365 crore and shares trading near book value suggest a stable valuation for the company.
Bajaj Housing Finance shows promising growth in Q4 with an increase in disbursements, indicating positive investor sentiment that has brought the stock close to its initial public offering (IPO) price.
Jindal Steel has switched to using syngas in its furnaces to overcome issues with natural gas and LPG shortages, ensuring smooth operations even during supply interruptions.
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.
Strong performances by major banks such as HDFC, Yes, Kotak Mahindra, IDBI, Union Bank of India, and Bank of Baroda have sparked a rally in banking stocks. Key highlights include HDFC's 10-12% growth in loans and 12.8% increase in deposits, while Yes Bank, IDBI Bank, and Kotak Mahindra Bank also showed strong double-digit growth in key metrics.
Axis Securities has issued a warning about increased pressure on margins for companies like HUL, Dabur, and Asian Paints due to rising costs of crude and materials. The FMCG, paints, QSR, and retail sectors are experiencing cost shocks, with Jubilant FoodWorks, Trent, and V-Mart being the most vulnerable.
Kotak Securities has upgraded Bharti Airtel to a 'Buy' recommendation, predicting a price target of Rs 2,250. The upgrade is based on expectations of an ARPU increase, accelerated capital expenditure, and a relatively low EV/EBITDA valuation of 8 times for FY28.
Ganesha Ecosphere aims to maximize its operations by achieving a utilization rate of 90-100% in the current financial year, suggesting increased efficiency and optimal use of their resources.
SAIL reports a significant 11.5% increase in sales for FY26, reaching 20.14 million tonnes, while crude steel production stood at 19.43 MT. Notably, the company's exports more than doubled (162%) to 2.9 lakh tonnes, expanding into new markets such as Bhutan.
Mahindra & Mahindra experienced a significant 21% increase in vehicle sales for March 2026, reaching 99,969 units. Notably, over 60,000 of these were SUVs, demonstrating strong consumer interest in this segment.
CSL Finance experienced a 21.1% increase in assets under management (AUM) this year, reaching INR 1450 crore as of March 26. The company successfully secured INR 523.5 crore in debt from 35 lenders, maintaining a Capital Adequacy Ratio (CAR) at 44% and boasting liquidity reserves of INR 108 crore.
Ambika Cotton Mills promoters retain a significant 61% ownership, with no pledged shares, indicating a strong commitment to the company, given the total 5.7 million equity shares outstanding.
Coal India has disclosed preliminary e-auction data for coal supply in March 2026 (FY26), specifying the offered quantities, allocations, allocation percentages, and price changes for the fiscal year 2025-2026.
Starting April 1, 2026, HDFC Bank will include UPI transactions within their free ATM withdrawal limit. PNB reduces debit card cash withdrawals at ATMs, while Bandhan Bank sets a cap on non-bank ATM transactions. These changes aim to streamline banking services across these three banks.