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March 27, 2026 TOP NEWS Brigade: The company has
launched two residential projects in Bengaluru—‘Brigade
Lumina’ in Northwest Bengaluru (₹700 crore GDV, 4.11 acres, 2 & 3 BHK
units) and ‘Brigade Belvedere’ in East Bengaluru (₹1,100 crore GDV, 10.75
acres, 773 units in initial phase). Both projects offer strong connectivity
to key corridors and are positioned as net-zero carbon developments,
reflecting the company’s focus on sustainability and premium housing. Infosys Limited: The company has approved
the acquisition of Optimum Healthcare IT for up to USD 465 million to
strengthen its healthcare vertical and accelerate AI-led cloud and digital
transformation capabilities. The acquisition enhances Infosys’ presence in
the healthcare provider segment by adding domain expertise, clients, and
synergies with its platforms like Topaz and Cobalt. Based on FY25 revenue of
USD 275.9 million, the implied P/S multiple is ~1.7x (465 / 275.9). However,
P/E cannot be calculated as profit data is not disclosed in the filing. The
deal is strategically useful as it deepens Infosys’ healthcare consulting
capabilities, improves cross-selling opportunities, and strengthens its
positioning in high-growth AI-driven healthcare transformation. Power Mech Projects: The company states
that WBSEDCL has annulled the tender for a 250 MW Battery Energy Storage
System (BESS) project at Goaltore, resulting in a
reduction of the order book by Rs. 1,563 crore.
Negative HFCL: The company approves a
preferential issue of warrants worth up to Rs. 555 crore
& will set up a preform manufacturing
facility through its arm, HFCL Technologies, with an estimated investment of
nearly Rs. 580 crore. The company approves expansion
and consolidation of its defence and aeronautics operations and plans to
invest Rs. 175 crore with partners in its arm, HFCL
Advance. LIC: The company receives a tax demand
of Rs. 7,100 crore, including interest, from the
Income Tax Department. Negative. Lupin: The company has received tentative
approval from the United States Food and Drug Administration (U.S. FDA) for
its Abbreviated New Drug Application for Pitolisant
Tablets, 4.45 mg and 17.8 mg. This product would be manufactured at Lupin’s
Nagpur facility in India. Graphite India & HEG: Graftech, an US based leading company announced it has
informed that graphite electrode prices will increase by a minimum of $600 to
$1,200 per metric ton, depending on region, effective immediately on
uncommitted volume. Over the past three years, market prices for graphite
electrodes have declined significantly in each of our key regions and remain
below sustainable levels necessary to support continued investment and
reliable long-term supply for our customers. In addition, current geopolitical
developments are driving increases in our key input costs, including oil‑based
raw materials, energy, and logistics. Positive Prestige Group: Prestige, along
with Arihant Group, has acquired a ~16.3-acre land parcel in Chennai with an
estimated GDV of ~₹5,000 crore for a premium residential project. MACRO WRAP ·
Mr.
Trump extended the deadline for striking Iran by 10 days amid talks. Iran
allowed 10 tankers through Hormuz and rejected the US plan, proposing its own
terms, including control over Hormuz. Additionally, US Défense Department is
considering sending as many as 10,000 troops to the Middle East. That would
give Trump more military choices as the conflict with Iran unfolds ·
OECD:
Global GDP growth is forecast at 2.9% in 2026 and 3.0% in 2027, driven by
tech investment and easing tariffs, despite Middle East conflict uncertainty.
Inflation for G20 economies is revised to 4.0% in 2026, moderating to 2.7% in
2027. US growth will slow from 2.0% to 1.7%, with inflation peaking at 4.2%.
China's growth will ease to 4.4% and 4.3%. The Eurozone will grow 0.8%,
recovering to 1.2%, while Japan's growth remains at 0.9%. ·
The OECD
sharply increased its inflation forecasts for major economies, projecting the
average G20 inflation to jump to 4% this year compared to its 2.8% December
estimate. Negative for broader market as this will keep interest rates
higher. ·
US
equities suffered heavy losses during regular trading on Thursday before the
deadline extension provided a late lifeline. The DJIA, the S&P500, and
the Nasdaq Composite Index fell 1.0%, 1.7%, and 2.4% respectively. The Euro
Stoxx 50 fell 1.5%. The Dollar Index edged up 0.3% to 99.90, EUR-USD dipped
30 pips to around 1.1530. Brent crude oil prices jumped 5.7% to USD108.00 per
barrel. Gold fell 2.9% to USD4,376. Silver fell 4.4% to USD68.06. ·
The US
2Y yield surged 10bp to 3.99%, while the US 10Y yield rose 8bp to 4.41%. This
aggressive sell-off spilled over into the Asia-Pacific session, with
Australian yields rising early Friday, reflecting a global market adjusting
to a "higher-for-longer" rate regime dictated by the energy shock. ·
China’s
industrial profits rose 15.2% year-on-year in Jan–Feb 2026, beating
expectations, before Middle East tensions drove oil prices up about 50% and
lifted raw material costs. Earnings stabilized in 2025 after years of
decline. While stronger metals prices and policy efforts eased deflation,
rising input costs now threaten margins, benefiting upstream energy firms.
Producer prices may turn positive in March, ending deflation, but
profitability remains weak, with margins at a record-low 5.3% in 2025. Sentimentally
Positive for industrial commodities ·
US
initial jobless claims rose by 5,000 to 210,000 in mid-March, meeting
expectations but below last year's average. Continuing claims fell by 32,000
to 1,819,000, below expectations, tying the lowest since May 2024. This
contrasts with February's weak jobs report. Federal employee claims fell by
59 to 584. ·
South
Asian economies face additional pressure after a cyclone forced the
curtailment of output at three Australian LNG plants, which together account
for around 8% of global liquefied natural gas supply. The shutdown, caused by
severe Tropical Cyclone Narelle in Western Australia, has further strained
Asian energy markets already impacted by disrupted shipments from Qatar,
pushing regional LNG prices up by more than 90%. INVESTMENT CALL Stock
Update: APL Apollo Tubes Ltd– Sector tailwinds to drive growth. Reco:
BUY
CMP: Rs.1,999
Target:
2,460
OTHER NEWS JSW Steel: Company acquires
92.19% quity stake and the shareholders loans of
Minas De Revuboe for $74.24 mn
Manaksia Steels: Company proposes 250,000 tonnes per
annum capacity addition for cold rolled coils at Haldia. Aurobindo Pharma: The company’s subsidiary, CuraTeQ Biologics, has entered into a marketing and
distribution agreement with STADA Arzneimittel AG, a leading European
healthcare and pharmaceuticals company. Under the agreement, STADA will
market and distribute two EMA-approved biosimilars developed by CuraTeQ in select European Union territories, including
France and Germany. Trent: The company has approved the
private placement of Non-Convertible Debentures (NCDs) worth up to Rs. 500 crore. Sula
Vineyards: The company has announced that it has signed a definitive
agreement with Moet Hennessy India Private Limited to acquire Chandon’s
world-class estate in Dindori, Nashik, unlocking a
high-quality, scalable platform for the company’s next phase of growth.
Spread across 19 acres, the estate comprises a highly advanced wine
production facility with an annual capacity of 4.5 lakh litres, scalable up
to 13 lakh litres. The property also features an ultra-premium visitor
centre, a banquet facility, and 5 acres of vineyards, offering a premium
immersive wine tourism platform. Collectively, these features make it a
perfect setting for developing a landmark destination wine resort.
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