Almost 55.46 & 49.70 Lakh SIP accounts closed in January & feb 2026
74.11 lakh new SIPs were started in January, and 65.72 lakh new SIPs were started in February. ✅
EDIBLE OIL PRICES SHOOT UP
Edible oils prices rise by Rs 11-20 per kg in March
Sunflower oil sees the sharpest increase of Rs 20/kg
Palm oil sees the least increase of Rs 11/kg
From Distributors
Impact on Snacking Industry-Palm oil constitutes 50% of raw material for snacks
Impact on FMCG industry-Palm oil can make upto 15-20% of overall raw material
India SIP Accounts – Feb 2026 Update
• Net Addition: Around 16 lakh net SIP accounts added in Feb 2026.
• New SIPs: 65.72 lakh new SIP accounts registered.
• Closures: 49.70 lakh SIP accounts closed or discontinued.
• Monthly SIP Flow: Contributions fell 4% to ₹29,845 Cr.
• Equity Inflows: Equity mutual fund inflows rose 8% to ₹25,978 Cr, led by mid & small caps.
• SIP AUM: Total SIP assets reached ₹16.64 lakh crore, up 1.7% MoM.
🟡 Impact: Mixed
Retail participation remains strong, but high closures and lower monthly flows indicate some market caution.
BANDHAN BANK: BANK CLARIFIES ON NEWS ITEM – PROMOTER EXPLORES STAKE SALE, IPO TO FACILITATE INVESTOR EXITS
BANK SAYS NOT AWARE OF ANY SUCH DEVELOPMENT, AND THE BANK HAS NOT RECEIVED ANY COMMUNICATION IN THIS REGARD.
*Stocks in News*
*Ramky Infra:* Company secures major Pharma Park Project, order book hits ₹13,500 Crore (Positive)
*Seamec:* Company secures Rs 410 crore contract for ONGC’s Samudra Sevak. (Positive)
*Deep Industries:* Company signs MOU with Advait Energy for Hydrogen projects. (Positive)
*GMR Airports:* Company wins bid to operate & upgrade cargo Terminal-1 at Delhi Airport (Positive)
*Bajel Projects:* Company bags order worth over ₹700 cr from MSETCL for 400/220 kV substation at Saswad, Pune (Positive)
*A B Infrabuild:* Company receives Rs 66.96 crore LOA for construction of road over bridge project (Positive)
*JK Lakshmi Cement:* Company declared preferred bidder for mining lease for new Umrangso Limestone Block. (Positive)
*3i Info:* Company wins ₹2.21 Cr International Cloud Services Order (Positive)
*Omnitech:* Net profit at Rs 22.3 cr versus Rs 8.1 cr, Revenues at Rs 134 cr versus Rs 74 cr (Positive)
*Dilip Buildcon:* Company declared Lowest Bidder for EPC Project worth Rs 160 Cr (Positive)
*VA Tech Wabag:* Company has secured order above ₹1,000 Crores, from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for a crucial water infrastructure project (Positive)
*Brigade:* Company has further strengthened its presence in Hyderabad by leasing 550 seats to My Compliance Office (MCO) at its Mindspace Business Park facility. (Positive)
*Oil India:* Company has announced the inauguration of its Numaligarh-Siliguri Product Pipeline (NSPL) Capacity Augmentation Project by the Hon’ble Prime Minister of India. (Positive)
*Tata Motors:* Company secures Orders for Over 5,000 Buses from State Transport Units. (Positive)
*Baazar Style Retail:* Company expands to 263 Stores with New Odisha Location (Positive)
*RailTel:* Company bags ₹29.9 Cr order from UP Police Recruitment Board (Positive)
*Venky’s, Orkla:* Demand for ready-to-eat food rising (Positive)
*Jio Financial Services:* IRDAI grants approval to JV -Allianz Jio Reinsurance (Positive)
*Nippon Life AMC:* DWS to acquire 40% stake worth Rs 733cr in AIF arm (Positive)
*Alkem Labs:* Company gets EU GMP Certificate for manufacturing facility at Baddi (Positive)
*Data Patterns:* Company gets Rs 288 cr order (Positive)
*Britannia:* Board approved appointment of Rakshit Hargave as CEO and MD (Positive)
*HEG:* Redrose Vanijya LLP bought 1.05 lk shares. (Positive)
*IRB Infrastructure Developers:* IRB Holding bought 22 lk shares. (Positive)
*Jindal Stainless:* JSL Overseas Holding bought 8.54 lk shares. (Positive)
*NCC:* Sirisha Projects bought 3.42 lk shares. (Positive)
*Asian Granito India:* Company appointed Mr Dibyendu Dey as CFO of the company. (Neutral)
*City Union Bank:* Bank opened 5 new branches in New Delhi, Lucknow and Vikarabad on March 13, 2026 increasing its total branch count to 925. (Neutral)
*Dr Reddy’s Laboratories:* Subsidiary of Dr Reddy’s Laboratories to halt enrolment & wind down the TACTI-004 Phase III trial for Eftilagimod Alfa in first-line non-small cell lung cancer. (Neutral)
*Voltas:* Assistant Commissioner of State Tax, Investigation A, Mumbai, has initiated inspection proceedings on 12th March 2026 at the company’s Chinchpokli office regarding GST records (Neutral)
*Ravindra Energy:* Company issues corporate guarantee totaling ₹328 Crore for Associate EIM (Neutral)
*IDBI Bank:* Bids likely below reserve price, transaction may not proceed: CNBC. (Neutral)
*Voltas:* Company under GST inspection in Mumbai; company says no material impact on operations (Neutral)
*JSL Industries:* Company has received a favorable order from the Superintendent Range-IV, Division-VIII, Anand CGST and Central Excise. (Neutral)
*Ganesh Infraworld:* Company has approved the acquisition of a 39.78% equity stake in Kandoi Transport Limited for ₹98.84 Cr. (Neutral)
*Firstcry:* Company has announced the expansion of its ‘Qwik’ delivery service across select pincodes in Bengaluru, Pune, & Hyderabad. (Neutral)
*GE Power India:* Company announced the resignation of Mr. Aashish Ghai from his roles as Whole-time Director & Chief Financial Officer. (Neutral)
*P N Gadgil Jewellers:* Company has further strengthened its retail presence by launching a new showroom in Uran, Navi Mumbai. (Neutral)
*Jagsonpal Pharma:* Company has received an assessment order from the Income Tax Dept for AY 2024-25, resulting in a tax demand of ₹4.81 Cr due to disallowance of certain expenses. (Neutral)
*Jubilant Ingrevia:* Company has acquired a 100% stake in Remidex Pharma Private Limited for ₹16.5 Cr. (Neutral)
*IndiGo:* Company has announced the introduction of a ‘Fuel Charge’ on both domestic & international routes. (Neutral)
*KRN Heat Exchanger:* Board approved raising up to ₹500 Cr via Qualified Institutions Placement (QIP). (Neutral)
*Mahindra Lifespace:* Company has announced that Ms. Asha Kharga resigned as a Non-Executive Non-Independent Director of the Company. (Neutral)
*Ola Electric:*- Company launches EndICEAge EV adoption campaign (Neutral)
*Muthoot FinCorp:* Company eyes Rs 600 crore via issuance of retail bond (Neutral)
*Fino Payment Bank:* Total deposit balance reached ₹2,900 crores as of March 13, 2026. (Neutral)
*Bajaj Electricals:* Company faces Rs 19.93 crore GST demand for FY 2019-20 and 2022-23. (Neutral)
*Tata Consumer:* Gets tax demand worth Rs 98 crore from Kolkata tax body. (Neutral)
*JSW Steel:* Announces coking coal mining project in Mozambique, gets access to reserves of premium hard coking coal. (Neutral)
List of stocks included in the short term ASM Framework: Adani Total Gas (Neutral)
List of stocks excluded from ASM Framework: Quality Power (Neutral)
*DIC India Ltd* Ex-Date Today, Interim Dividend – Rs. – 3.00
*5paisa Capital Ltd* Ex-Date Tomorrow, Right Issue of Equity Shares (Neutral)
*Salasar Techno:* Company says production, material delivery, and EPC operations impacted by LPG supply disruption. Company coordinating with OMCs and authorities to secure LPG supply (Negative)
*Vivimed Labs:* Net profit at Rs 106 cr versus Rs 186 cr, Revenues at Rs 312 cr versus Rs 482 cr (Negative)
*Gillette India:* Adverse development from Pollution Control Board (Negative)
*Sterling and Wilson:* Maharashtra state tax officials conclude their search at the company’s offices with no impact on operations. (Negative)
Rupee opens at 92.43/$ Vs Friday’s close of 92.46/$
Nomura Slashes Nifty Target: 24,900 by Dec 2026
Sharp Downside Revision
– Nifty target cut to 24,900 from 29,300 (15% lower).
– P/E multiple trimmed to 18.5x from 21x amid macro pressures.
Earnings Risk Looms
– 10-15% downside risk to FY27 consensus if oil stays elevated.
– Recommends bottom-up stock picking over index bets.
Focus Valuation Over Narrative
– Prioritize cheap, cash-generative names in uncertain macro.
– Correction favors defensive, resilient pockets.
Outperformance Sectors
– Utilities
– Coal
– Oil Producers
– Healthcare
– Pharma
– Staples
– Telecom
Key Takeaway: De-rate index dreams – hunt undervalued defensives in a high-oil correction.
HSBC on India Oil and Gas
The crude squeeze – higher prices pressure earnings
Downgrade IOCL, HPCL and BPCL to Hold
Higher crude oil prices lead to sharp cuts in earnings for OMCs
Expect marketing losses, even at $75/bbl
ONGC is a beneficiary of higher crude prices, but potential policy risks overshadow a case for supernormal profits
IOCL – Downgrade to Hold from Buy; Cut TP to Rs 150 from Rs 220
BPCL – Downgrade to Hold from Buy; Cut TP to Rs 340 from Rs 470
HPCL – Downgrade to Hold from Buy; Cut TP to Rs 360 from Rs 620
ELARA CAPITAL ON STANDALONE REFINERS
Standalone refiners strongest beneficiaries of higher crude prices
GRMs rise about $5 per barrel for every $10 increase in crude
Mangalore Refinery and Petrochemicals Limited and Chennai Petroleum Corporation Limited likely major beneficiaries
Policy intervention risk rises if margins remain elevated
GLENMARK PHARMA: GLENMARK PHARMACEUTICALS INC., USA TO LAUNCH POTASSIUM PHOSPHATES INJECTION IN US, THIS INJECTION HAS ANNUAL SALES OF APPROXIMATELY USD 50.7M
|
Read More article like this on vivekananda-college.org
