*Stocks in News*
*Marine Electricals:* Company receives order worth Rs 115 crore from L&T (Positive)
*Brigade hotel ventures:* Brigade group and Hyatt announce plans for grand Hyatt Chennai ECR and Hyatt house Bengaluru Devanahalli (Positive)
*Globus spirits:* Company launches Terai tequila India’s first crt-certified tequila bottled domestically, marks strategic entry into premium global spirits category (Positive)
*Shipping Corp of India land & assets:* Company signs MOU with synergy marine group Singapore, focus: maritime training, research & knowledge exchange (Positive)
*Nykaa:* Q4 Business Update – GMV growth in high 20s, NSV in early 30s; fashion segment drives momentum (Positive)
*Aurobindo Pharma:* Arm Xolair biosimilar phase 3 study results are positive. (Positive)
*Tata Motors PV:* Q4 Business Update – Safari, Harrier (UV2) volumes at 15,334 units, up 71% YoY (Positive)
*PC Jeweller:* Q4FY2026 revenue grows 32% YoY; FY2026 revenue up 49% YoY; MOU signed with NSDC to develop 200,000 micro-entrepreneurs (Positive)
*PDS Ltd:* Company bags contract worth Rs 450 crores from US value retailer (Positive)
*Avantel:* Company has secured ₹11.59 Crore Order from NewSpace India for Xponders. (Positive)
*Texmaco Rail:* Company has secured Rs 39.26 Crore Order from Southern Railway. (Positive)
*Titagarh Rail:* Company has secured key approval for Rs 610 Crore Shipbuilding Expansion (Positive)
*Deep Industries:* Company has secured Rs 59 Crore ONGC Contract for Gas Services (Positive)
*HBL Power/ Kernex:* Indian Railways approves ₹1,364.45 cr for Kavach deployment & signalling modernisation across multiple zones (Positive)
*Power stocks:* India FY26 Wind Energy Capacity Addition of 6.05 GW, Up 46% YoY. (Positive)
*Shyam Metaliks:* Stainless Steel volumes surged 58.91% YoY & realizations up 19.01% YoY. Reddy’s (Positive)
*Sharda Cropchem:* No impact of Middle East tensions on supply chain till today. (Positive)
*Bharti Airtel:* Company expands 5G network in UP East with 4,300+ new sites (Positive)
*Fino Payment Bank:* Disbursements up 96% QoQ to ~₹600 cr; deposits hit all time high (Positive)
*Acme Solar Holdings:* Commissions Phase V of 76 MW/160.5 MWh BESS in Rajasthan (Positive)
*Pondy Oxides:* Company reports that a promoter has acquired 21.1 lakh shares, representing a 6.91% stake. (Positive)
*SCI Land and Assets:* Company has signed a Memorandum of Understanding (MoU) with Synergy Marine Group to collaborate on maritime training and research (Positive)
*Gallantt Ispat:* Company’s Q4 business update highlights that power production grew 14% to 2.2 lakh Mega Units and pellet production rose 59% to 2.2 lakh MT. (Positive)
*Deep Industries:* Company has secured an order worth Rs. 59 crore from ONGC for specialized equipment hiring services. (Positive)
*Stove Craft, TTK Prestige:* Government relaxes energy efficiency norms for 6 months till Jan 1 for induction hobs. (Positive)
*GMDC, NMDC:* Government eases norms for mining of deep-seated critical minerals (Positive)
*Indsil hydro power and manganese:* Company upgrades power substation at Garbham, Vizianagaram from 33kv to 132kv, to drive electricity tariff cost reduction at the unit (Neutral)
*Creditaccess grameen:* Q4 disbursements of Rs 24,860 crores in FY26, up 24% (YoY), Company’s GLP growth of 14% (YoY) in FY26, in line with the annual growth guidance (Neutral)
*Greenlam Industries:* Company acquires remaining 33% in PT Greenlam Indo Pacific Indonesia for IDR 82.5 crore, target now 100% wholly owned step-down subsidiary. (Neutral)
*Sunteck Realty:* Company has transferred its 100% stake in Mantavya Real Estates Private Limited (Mantavya) to Sunteck Real Estates Private Limited. (Neutral)
*Mindspace Business Parks:* REIT has received reaffirmed credit ratings from ICRA Limited. T. (Neutral)
*Indian Oil and Bharat Petroleum:* Companies have delayed routine maintenance at some of their units to ensure adequate supplies: Bloomberg (Neutral)
*IRFC:* Rs 1,000 Cr loan disbursed to MAHAGENCO. (Neutral)
*Jubilant Food:* Cons revenue at ₹2,506 cr, up 19.1% YoY; Domino’s India adds 59 stores; total at 2,455. (Neutral)
*Godrej Consumer Products:* Company expects double-digit sales growth in its standalone business for Q4, though it anticipates a cost hit of 6-9% due to high crude prices. (Neutral)
*Bajaj Finance:* Company will hold a board meeting on April 29 to consider its Q4 financial results and a recommendation for a final dividend for FY26. (Neutral)
*Pine Labs:* Company reports that its Chief Business Officer (CBO), Navin Ashokkumar Chandani, has resigned from the organization. (Neutral)
*Adani Total Gas:* Company reports that shareholders have approved the re-appointment of Suresh P Manglani as Whole-Time Director for a one-year term. (Neutral)
*Bajaj Finserv:* Company will hold a board meeting on April 30 to consider and approve its audited financial results for the quarter and year ended March 31, 2026. (Neutral)
*Kolte Patil:* Company gets Rs. 58 crore tax demand from Mumbai body. (Neutral)
List of stocks included in the short term ASM Framework: Beta Drugs. (Neutral)
List of stocks excluded from ASM Framework: Confidence Petroleum, Dee Development, Gujarat Alkalies. (Neutral)
*Avax Apparels and Ornaments Ltd* Ex-Date Today, Bonus issue 3:1 (Neutral)
*Gravity India Ltd* Ex-Date Tomorrow, Right Issue of Equity Shares (Neutral)
*Varun Beverages Ltd* Ex-Date Tomorrow, Final Dividend – Rs. – 0.50 (Neutral)
Stocks in Action:
Bank of Baroda Ltd.: Bank of Baroda continues to demonstrate steady business momentum, supported by healthy growth across advances and deposits, while maintaining a balanced and diversified loan book. The bank’s global business stood at ~Rs.30.79 trillion as of March 2026, registering ~13.9% YoY growth, driven by strong traction in advances, which grew ~16.2% YoY to ~Rs.14.30 trillion, outpacing deposit growth of ~12% YoY to ~Rs.16.49 trillion. Domestic advances also remained robust with ~14.6% YoY growth, led by retail advances which grew ~17.9% YoY, indicating improving mix towards higher-yield segments. Deposit growth remained healthy with domestic deposits rising ~12.8% YoY, reflecting steady liability franchise expansion. The bank continues to focus on calibrated growth, improving asset mix and strengthening its retail franchise, while maintaining adequate liquidity and capital buffers. Positive on Bank of Baroda Ltd. given strong advances growth, improving retail mix and stable deposit mobilisation supporting sustainable balance sheet expansion.
FSN E-Commerce Ventures Ltd. (Nykaa): Nykaa delivered strong business momentum in Q4FY26, supported by broad-based growth across both Beauty and Fashion verticals, with consolidated GMV and net revenue growth expected in the late twenties and NSV growth in the early thirties, marking the highest growth in the last 12 quarters. The Beauty segment continued to witness steady traction driven by omnichannel expansion, improved conversion metrics and strong performance of its in-house brands, while the Fashion vertical saw a sharp acceleration with NSV growth in the early forties, supported by improved customer acquisition, richer brand assortment and strong platform engagement. Store expansion remained robust with a record addition of 26 new stores and 11 Kiehl’s integrations during the quarter, taking the total store count to 313. The company also highlighted improving GMV to NSV conversion and limited exposure to geopolitical risks. Positive on FSN E-Commerce Ventures Ltd. given strong omnichannel growth, accelerating fashion business and continued scale-up of owned brands supporting long-term growth visibility.
AIR INDIA
Air India issues revised fuel surcharge
For flights between 0-500 km, Rs 299 to be levied
For flights between 501-1000 km, Rs 399 fuel charge to be levied
Rs 549 for flights between 1001-1500 km
Rs 749 for flights between 1501-2000 km
Rs 890 for flights beyond 2000 km
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