*Stocks in News*
*Canara Bank:* The government appoints Brajesh Kumar Singh as Managing Director and CEO. (Positive)
*Groww:* Company announces that State Street Global Advisors will acquire a stake in its arm Groww AMC, with an economic interest of 22.9%. (Positive)
*MOIL:* Company revises prices of manganese ore and related products, cutting prices of ferro grades by 6%. (Positive)
*EKI Energy:* Company has received a licence from the Central Electricity Regulatory Commission, enabling its entry into the electricity trading segment. (Positive)
*Sayaji Hotels:* Company has opened new hotel in Chandrapur, Maharashtra under ‘The Forest Chapter’ brand. (Positive)
*Cantabil:* Company has opened 4 new showrooms/shops in May 2026. (Positive)
*Anant Raj:* ARL signs MoU with Haryana Government’s HEPC on June 1, 2026. (Positive)
*Jainik Power Cables Limited:* Company announces full operational readiness after securing key Bureau of Indian Standards (BIS) certifications for Aluminium Conductors (Positive)
*Fino Payments Bank Ltd:* Company has partnered with Ezee. ai to develop a lending ecosystem, a key step in its transition to a Small Finance Bank (SFB). (Positive)
*Strides Pharma Science Limited:* Company announces that the Scheme of Demerger involving ArCompany Lab Private Limited & Pivot Path Private Limited has become effective from June 1, 2026.. (Positive)
*Softtech:* Company has collaborated with the Brihanmumbai Municipal Corporation (BMC) to develop CivitTWIN, India’s first AI-powered digital approval twin designed for building permit processes. (Positive)
*Shree Refrigerations:* Company to inaugurate new manufacturing facility in Maharashtra; expands manufacturing footprint by 50,000 sq ft to boost marine and defence HVAC&R capabilities. (Positive)
*Organic Recycling Systems:* Company guides for ~30% YoY revenue growth in FY27 driven by strong execution pipeline and business momentum (Positive)
*Steel strips wheels:* Company plans ~1.2 mn alloy wheel capacity addition in FY27, taking total capacity to ~6.2 mn units (Positive)
*Black box:* Company and aionos form strategic alliance to accelerate ai-led infrastructure and enterprise ai transformation (Positive)
*M&M/ Praj Ind:* US cuts tariffs on agricultural equipment to 15% from 25%. (Positive)
*Indiqube:* Company signs Rs. 52 cr workspace deal with a leading consulting and management services Company in Bengaluru. (Positive)
*Vip Industries:* Company unveils new ‘travel vip’ campaign, launches three new collections for modern Indian travellers. (Positive)
*Maruti:* Total May Passenger Vehicles production rose from 193,466 to 226,100 units. (Positive)
*NMDC:* April–May provisional iron ore sales at 7.72 million tonnes versus 7.94 million tonnes YoY (Neutral)
*NHPC:* The government of India announced an Offer for Sale (OFS) in state-owned NHPC Ltd (Neutral)
*ACME Solar:* Company has launched a qualified institutional placement (QIP) to raise up to ₹2,800 crore. (Neutral)
*Jindal Stainless:* Company will consider the candidature of Kunjal Mehta for the position of Chief Financial Officer. (Neutral)
*GIC Housing Finance:* Company announces that Ashwani Kumar ceases to be a Non‑Executive Director following his exit as MD & CEO of UCO Bank. (Neutral)
*Hero Motocop:* May total sales up 12.3% year-on-year to 5.7 lakh units. (Neutral)
*Cochin Shipyard:* Company extends the additional charge of CMD to Jose VJ for a further period of three months. (Neutral)
*UltraTech Cement:* Company will consider Q1 earnings on July 20. (Neutral)
*RateGain:* ICICI Prudential Mutual Fund sells a 2.1% stake, reducing its holding to 2.88%. (Neutral)
*Protean eGov:* Ajay Rajan takes over as MD & CEO, while V Easwaran ceases to be Interim CEO. (Neutral)
*Max Financial Services:* Company receives Rs. 381 crore from Axis Bank via share subscription and will allot 2.5 crore shares of Axis Max Life, reducing its stake to 80.01%. (Neutral)
*Urban Company:* The Saudi Arabia Ministry cancels registration of its step‑down arm UC KSA, which ceases to be a subsidiary of the company. (Neutral)
*Ola Electric:* Company approves QIP floor price of Rs. 37.74 per share; may offer up to 5% discount to eligible institutional buyers (Neutral)
*Equitas Small Finance Bank:* Company RBI approves Mirae Asset mutual fund to acquire up to 9.5% stake in Company (Neutral)
*Carysil:* Carysil ceramictech struck off from ROC records; ceases to be wholly owned subsidiary of Carysil effective June 1 (Neutral)
*Wipro:* Company to acquire additional 20% stake in Aggne Global Inc for $28.5 mn; transaction expected to close by June 5, 2026 (Neutral)
*Authum Investment:* Amit Kumar Jha resigns as CFO effective from June 1, 2026. (Neutral)
*Adani Energy Solutions:* Company has incorporated 7 new wholly owned subsidiaries on June 1, 2026. (Neutral)
*Alkem:* Block deal launched in Alkem Laboratories, up to 1.5% stake on offer: CNBC. (Neutral)
*Tata Elxsi:* Company sets June 10 as the record date for a dividend of Rs. 75 per share for FY26. (Neutral)
*Marsons:* Anupriya Consultants sold 13.66 lakh shares at Rs 141.1 per share. (Neutral)
*Ravindra Energy:* Khandepar Investments sold 22 lakh shares at Rs 118.9 per share. (Neutral)
*SJS Enterprises:* Joseph Kannampadathil Abraham sold 1.65 lakh shares at Rs 2100 per share. (Neutral)
*Paradeep Phosphates:* Promoter Zuari Maroc Phosphates bought 0.8 lakh shares. (Neutral)
*Euro Pratik Sales:* Promoter Jai Gunvantraj Singhvi bought 0.64 lakh shares. (Neutral)
List of stocks included in the Long term ASM Framework: Fineotex Chemical. (Neutral)
List of stocks included in the short term ASM Framework: Sakar Health, Supriya Life, Wockhardt. (Neutral)
List of stocks excluded from ASM Framework: Fusion Finance, Sharda Crop, Suven Life. (Neutral)
*Force Motors:* May 2026 sales fell by 15.4% to 2,614 units on a YoY basis. (Negative)
Stocks in Action:
Gillette India Ltd: Gillette India reported a strong improvement in profitability and margin performance for the fourth quarter of FY26, with cost management and premiumisation driving a strong profit beat. The company posted a 21.4% year-on-year rise in net profit at Rs. 192.5 crore for the March quarter, compared to Rs. 158.6 crore in the corresponding period last year. Revenue grew 3.2% YoY to Rs. 792 crore, and profit before tax climbed 24% YoY to Rs. 260 crore. Operational performance remained strong during the quarter, with EBITDA rising 23% YoY to Rs. 277.3 crore from Rs. 226 crore in Q4FY25. EBITDA margin expanded sharply to 35% compared to 29.4% in the year-ago period. The grooming segment remained the dominant revenue contributor at Rs. 653 crore, while oral care grew meaningfully to Rs. 138.7 crore. Margin expansion was aided by a deliberate pullback in advertising, with promotional spends declining 22% YoY to Rs. 85 crore in the quarter. On a full-year basis, FY26 net profit surged 56.6% YoY to Rs. 654 crore, reflecting strong operating leverage. The board recommended a final dividend of Rs. 60 per share for FY26. Positive on Gillette India given consistent profit compounding, strong parent-backed brand equity, and premiumisation of products.
Mishra Dhatu Nigam Ltd (MIDHANI): MIDHANI delivered its strongest-ever quarterly and annual operational performance in Q4FY26, with record turnover and a sharp profit recovery driven by higher production and robust defence order execution. Q4 revenue surged 34.7% YoY to Rs. 553 crore which is the highest-ever quarterly turnover, while EBITDA rose 25% YoY to Rs. 116 crore and net profit jumped 39% YoY to Rs. 78 crore. For the full year, FY26 annual revenue reached a record Rs. 1,209 crore, up 12.5% YoY, with EBITDA growing 8.7% and net profit rising 18.82% to Rs. 131 crore. A landmark operational milestone was titanium production growing 40% YoY in FY26, reinforcing MIDHANI’s position as India’s sole titanium alloy manufacturer. A long-term contract to supply superalloys worth Rs. 6,000 crore to HAL was signed during the year, providing multi-year revenue visibility. The order book stood at Rs. 2,290 crore as of April 2026, with the board recommending a final dividend of Rs. 1.25 per share. Positive on MIDHANI given record execution, a structurally growing defence and aerospace demand pipeline, and the HAL contract anchoring earnings visibility well into the next decade.
Stocks In News
Canara Bank
– Brajesh Kumar Singh Appointed MD & CEO
– Effective From 1 June 2026
Anant Raj
– MoU Signed: ₹25,000 Cr
– Data Centers & Cloud Services
– Project Location: Haryana
Black Box
– Strategic Alliance With AIONOS
– Focus On AI Infrastructure
– Enterprise AI Opportunity
PNC Infratech
– New Order: ₹194.4 Cr
– Lucknow Flyover EPC Project
IndiQube Spaces
– Workspace Deal: ₹52 Cr
– Major Consulting Client
– Bengaluru Location
VIKRAM SAHU
BANK OF AMERICA
FIls are waiting for value and time correction before increasing allocations
Earnings expectations are better compared to a year ago
Responsiveness to challenges facing India has improved, including the lack of a US trade deal, Al-related overhang, and reform implementation
India remains attractive due to its size, scale and growth potential
Indian corporates are highly adaptive to changing circumstances
Does not believe the Indian market is being irrational about Al adoption and opportunities
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