IOC
No increase in normal petrol price, only in premium category, say Indian officials
#RupeeAtClose | Rupee Ends At A Record Closing Low Of 93.71/$ Vs Wednesday’s Close Of 92.63/$
IOCL HIKES INDUSTRIAL DIESEL PRICE TO 109.59 INR FROM 87.57 INR
#BREAKING
ETERNAL: CO HIKES FOOD DELIVERY PLATFORM FEE TO ₹14.90 FROM ₹12.50 PER ORDER – CNBC TV18
MAHINDRA HOLIDAYS & RESORTS (MHRIL): EXPANSION UPDATE
KEY DEVELOPMENT
– Launch of two new resorts:
– Club Mahindra Amba Ghat, Maharashtra
– Club Mahindra Bandhavgarh, Madhya Pradesh
CAPACITY ADDITION
– Total addition of 159 keys
– Strengthens presence in Western & Central India
STRATEGIC EXPANSION
– Part of plan to add 1,000 rooms in FY26
– Long-term target: scale to 12,000 keys by FY30
BUSINESS OUTLOOK
– Expansion supports inventory growth
– Enhances footprint in high-demand leisure destinations
IMPACT ASSESSMENT
– Positive
OVERALL TAKEAWAY
– Consistent capacity addition aligns with long-term growth strategy
– Strengthens market position in domestic tourism & vacation ownership
PERSISTENT SYSTEMS
Persistent Appoints Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services
TATA CONSULTANCY SERVICES: CO.
EXTENDS STRATEGIC PARTNERSHIP WITH SWISSPORT FOR FIVE YEARS TO ACCELERATE AI-LED TRANSFORMATION
FOCUS ON DIGITAL INNOVATION AND OPERATIONAL EXCELLENCE.
DHURANDHARRUSH
Expecting base case scenario collection of Rs 800-1,000 Cr from Dhurandhar 2
PVR has 30% market share of box office collection
Expecting Dhurandhar 2 to outdo box office collections from Dhurandhar 1
Pipeline of movies in Q1FY27 looks good for the media industry
SECTOR → STOCK-WISE PLAYBOOK (INDIA)
AUTO ANCILLARY (OEM RECOVERY PLAY)
– ASK Automotive → 2W braking, strong OEM linkage
– Endurance Technologies → diversified auto anc, EV optionality
– Sona BLW → EV + global driveline exposure
GRAPHITE (HIGH GROWTH)
– HEG Ltd → export-driven, strong operating leverage
– Graphite India → capacity + global demand tailwind
CABLES (PLI / ELECTRONICS THEME)
– Polycab India → market leader, strong FMEG + cables
– KEI Industries → retail + infra demand
– Finolex Cables → stable play, housing + telecom
CHEMICALS (STRUCTURAL GROWTH)
– SRF Ltd → specialty + chemicals leader
– Navin Fluorine → high-value fluorochemicals
– PI Industries → agro + pharma CDMO play
KMP / EXPORT LINKED INDUSTRIALS
– AIA Engineering → export-heavy, global mining play
– ISGEC Heavy Engineering → project + industrial growth
PAINTS (DIGITAL / PREMIUMIZATION)
– Asian Paints → leader, strong pricing power
– Berger Paints → steady growth
– Kansai Nerolac → industrial coatings exposure
ALCOHOL (STEADY DEMAND)
– United Spirits → premiumization play
– Radico Khaitan → strong brand portfolio
– Globus Spirits → ethanol + ENA linkage
TEXTILE (COTTON YARN BENEFICIARY)
– KPR Mill → integrated player, strong margins
– Vardhman Textiles → cotton yarn leader
– Trident → home textiles + yarn
CEMENT (HIGH MARGIN / STABLE)
– UltraTech Cement → market leader
– Shree Cement → best-in-class margins
– Dalmia Bharat → capacity expansion story
STEEL (EXPORT / CYCLICAL)
– JSW Steel → export + scale advantage
– Tata Steel → global + domestic mix
– Jindal Steel & Power → infra + export
TYRES (OEM RECOVERY)
– MRF → premium segment leader
– Apollo Tyres → export + domestic growth
– CEAT → 2W + PV growth
FMCG (DEFENSIVE WITH COST PRESSURE)
– Hindustan Unilever → pricing power
– ITC → diversified FMCG + cigarettes
– Nestle India → premium consumption
SUGAR (ETHANOL PLAY)
– Balrampur Chini → ethanol leader
– Dalmia Bharat Sugar → integrated player
– Triveni Engineering → sugar + distillery
HOME IMPROVEMENT (MIXED IMPACT)
– Astral Ltd → pipes (pass-through model)
– Supreme Industries → plastics leader
– Greenpanel Industries → wood panels
OVERALL STRATEGY
– High conviction: Cables, Chemicals, Graphite
– Cyclical recovery: Auto anc, Steel, Tyres
– Defensive: FMCG, Paints
– Tactical: Sugar (ethanol), Textile (inventory gains)
P N Gadgil Jewellers Limited has achieved a significant milestone, surpassing ₹10,000 crore in revenue for FY25-26. 📈
𝗚𝘂𝗱𝗶 𝗣𝗮𝗱𝘄𝗮 𝗦𝗮𝗹𝗲𝘀 𝗦𝘂𝗿𝗴𝗲:
Festive sales during Gudi Padwa reached ₹170.7 crore, marking a robust 38% year-on-year (YoY) growth. This strong performance highlights customer trust and effective execution across markets. 💰
𝗦𝗲𝗴𝗺𝗲𝗻𝘁-𝘄𝗶𝘀𝗲 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲:
– 𝗚𝗼𝗹𝗱: Revenue increased by 35% YoY. 🌟
– 𝗗𝗶𝗮𝗺𝗼𝗻𝗱: Demonstrated strong growth of 61% YoY. ✨
– 𝗦𝗶𝗹𝘃𝗲𝗿: Achieved exceptional growth of 118% YoY. 💍
𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:
Dr. Saurabh Gadgil, Chairman & MD, expressed optimism, stating that the ₹10,000 crore milestone is a testament to customer trust and employee dedication. He noted strong customer traction during Gudi Padwa despite elevated gold prices. The company anticipates sustaining this momentum, driven by the ongoing wedding season, expansion into new markets, and a focus on compelling designs and value. This positions them well to close the financial year strongly.
P N GADGIL JEWELLERS: CO CELEBRATES ANOTHER MILESTONE, SURPASSING ₹10,000 CRORE REVENUE; GUDI PADWA SALES RISE 38% YOY
WAR IMPACT: SECTOR-WISE SUMMARY
KEY NOTE
– Prolonged war (>2 months) may disrupt supply chains & cost pass-through
– Short-term inventory gains possible; long-term margin pressure
OIL & GAS (O&G)
– Upstream: Beneficiaries of higher crude prices
– Downstream (OMCs): Worst hit; limited pricing power
– LNG demand shifts may impact India’s gas economics
INFRA
– Potential slowdown in govt capex
– Middle-East execution/order inflow may weaken
AIRLINES
– ATF = 35–40% of costs; 10% rise cuts ~1.5% EBITDA margin
– Flight rerouting & conflict impact earnings visibility
FMCG
– Crude-linked packaging = ~15% cost
– 2–3 months inventory; near-term margin pressure
– Large players better placed to pass on costs
ALCOHOL
– Gas-intensive production; 20–25% gas price rise
– Overall cost increase of ~3–5%
TEXTILES
– MEG/PTA supply disruption (polyester inputs)
– Polyester yarn prices ↑ ₹20–25/kg (15–20%)
– Inventory gains near term; cotton yarn players benefit
CEMENT
– No ME supply risk; but fuel cost impact
– 10% fuel price rise → ~₹13–14/t EBITDA hit
– Packaging cost inflation adds ~₹8/t impact
HOME IMPROVEMENT
– Crude-linked inputs → margin hit 70–150 bps
– Wood panels: 30–60 bps decline
– Pipes: minimal impact (pass-through model)
SUGAR
– Ethanol diversion ↑ → sugar prices +1.5%
– Higher crude may accelerate ethanol blending
FERTILIZERS
– Input & logistics shock; supply stable for now
– Urea: cost ↑ but subsidy offset likely
– Positive: domestic players; Negative: DAP importers
CHEMICALS
– Crude-linked input inflation across segments
– Export-oriented/FMCG-linked players face margin pressure
– Specialty players with pass-through contracts relatively safe
STEEL
– Export realization benefit from global price rise
– Slight input cost increase (coal/scrap)
– Near-term margin tailwinds
AUTO
– Margins largely stable; minor cost pressure
– Demand impact may come with lag if inflation persists
RAC & EMS
– Temporary disruption due to LPG/resin shortages
– AC production may be impacted in peak summer
– EMS exports stable for now; risk if disruption prolongs
OVERALL TAKE
– Winners: Upstream O&G, Steel (short-term), Cotton yarn
– Losers: OMCs, Airlines, FMCG (near-term), Chemicals (margin pressure)
– Neutral/Mixed: Auto, Cement, EMS, Fertilizers
Source : DAM CAPITAL
*Adani Power:* Company has expressed in-principle interest in acquiring certain power assets and investments from Jaiprakash Associates under its resolution plan. (Neutral)
*Power Grid:* Board clears merger of 28 Arms into 2 WOS entities (Neutral)
*Balmer Lawrie Investments Ltd* Ex-Date Today, Interim Dividend – Rs. – 2.03 (Neutral)
*Kama Holdings Ltd* Ex-Date Today, Interim Dividend – Rs. – 23.20 (Neutral)
*Maha Rashtra Apex Corporation Ltd* Ex-Date Today, Right Issue of Equity Shares (Neutral)
*Metropolis Healthcare Ltd* Ex-Date Today, Bonus issue 3:1 (Neutral)
*REC Ltd* Ex-Date Today, Interim Dividend – Rs. – 3.20 (Neutral)
*Castrol India Ltd* Ex-Date Monday, Final Dividend – Rs. – 5.25 (Neutral)
*India Glycols Ltd* Ex-Date Monday, Interim Dividend – Rs. – 7.50 (Neutral)
*Power Finance Corporation Ltd* Ex-Date Monday, Interim Dividend – Rs. – 3.25 (Neutral)
*TIL Ltd* Ex-Date Monday, Right Issue of Equity Shares (Neutral)
*Metal stocks:* Metal prices fell sharply, upto 5 percent during the previous session. (Negative)
*Stocks in News*
*NTPC:* Company signs MOU with Octopus Energy Group for collaboration in power and energy sector (Positive)
*SJVN:* Company has commissioned 1,000 MW Solar Project in Rajasthan (Positive)
*TARC:* Company expands Gurugram Project with 518 Residences on 9+ Acre. (Positive)
*TCS:* Company has signed MoU with ABB to deepen their strategic partnership across IT infrastructure, AI, data centers & emerging tech (Positive)
*J K Cements:* Company declared preferred bidder for Dommarnandyala block-3 mining lease in Andhra Pradesh (Positive)
*Highway Infrastructure:* Company secures Rs 14.60 crore work order for Beverly Greens project (Positive)
*Nestlé India:* Company adds new munch production line at Sanand plant with Rs 225 crore investment, capacity of 8,300 TPA (Positive)
*Tata Elxsi:* Company announces the launch of a global offshore development centre for Terumo Corporation (Positive)
*IndiQube Spaces:* Company has announced a significant workspace leasing agreement with a leading GCC client in Pune, India. (Positive)
*Leo Dryfruits:* Company has secured 5-Year Supply Agreement with Haldiram (Positive)
*Lemon Tree Hotels:* Company expands with New 50-Room Resort in Lonavala. (Positive)
*Samvardhana Motherson:* Company partners Hellmann to strengthen auto supply chain business (Positive)
*JSW Cement:* Company commissions greenfield cement plant in Nagaur, Rajasthan (Positive)
*ACME Solar Holdings:* Company commissions power project in Gujarat (Positive)
*SBI:* SBI Funds files DRHP for IPO. SBI to sell upto 12.8 crore shares (6.3%) via OFS. (Positive)
*IOL Chemicals:* NCVI Enterprises bought 7 lakh shares. (Positive)
*FACT, NFL, RCF:* Government enhances gas supplies (Positive)
*Gillette India;* Positive update from Rajasthan State Pollution Control Board (Positive)
*Deepak Nitrate, Meghmani Organics:* India imposes anti-dumping duty on China DASDA imports (Positive)
*Glottis:* Board approved incorporation of a wholly owned subsidiary in Malaysia on March 19, 2026. (Neutral)
*Welspun Living:* Company to buy 20% stake in Welspun Corporate Services. (Neutral)
*ASM Technologies:* Company has approved a strategic investment of Rs 79.57 crore to acquire 51% stake in Asmaitha Wireless Technologies Pvt Ltd. (Neutral)
*Physicswallah:* Company completes acquisition of Nextseed Foundation, becomes wholly owned subsidiary (Neutral)
*Emerald Finance:* Company partners with Shamshree Lifesciences to launch early wage access program for employees (Neutral)
*L&T:* Company gets BSE, NSE No-Objection to scheme of arrangement with L&T Realty. (Neutral)
*Cipla:* Company approved investment up to $100M in equity share capital of Cipla (EU) limited (Neutral)
*Aksharchem India:* Company resumes h-acid plant production at Indrad after planned shutdown for maintenance (Neutral)
*DMart:* Company opened store in Ambala: Store Count Reaches 464. (Neutral)
*Wipro:* Company launched new hub at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. (Neutral)
*Adani Enterprises:* Company approves conversion of 137.47 cr partly paid shares to fully paid shares. (Neutral)
*BHEL:* Company has expands into Coal-to-Chemicals with ₹3,064 Crore JV Investment (Neutral)
*Vibhor Steel Tubes:* Company has secures ₹16.87 Crore Transmission Tower Order. (Neutral)
*Amber Enterprises:* Company Invests ₹296 Crore in EMS Subsidiary (Neutral)
*ICICI Lombard:* Company acquires stake in HDFC Bank for Rs. 39 crore. (Neutral)
*IREDA:* Company has enhanced its borrowing plan to rs. 35,800 crore for fiscal 2026 and up to Rs. 40,000 crore for fiscal 2027; the board will meet on March 25 to consider an interim dividend. (Neutral)
*Adani Ports:* Company has expressed in-principle interest in acquiring certain assets and control over Kanpur Fertilisers and Chemicals as an implementing entity for Jaiprakash Associates. (Neutral)
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