Bharti Airtel (+ve): Discontinued its 1GB/day ₹249 plan. With Jio already hiking, Vodafone Idea likely to follow, setting a floor for tariffs – positive for telecom earnings.
Nazara Tech (-ve): Gaming Bill to be tabled in Parliament today. Stricter regulations could impact online gaming companies, weighing on sentiment.
Delta Corp (+ve): Gained 11% yesterday as it has limited online gaming exposure. Seen as a safer play in this space.
HAL & Defense Stocks (+ve): Govt cleared ₹62,000 cr deal for 97 Tejas Mk1A jets. Strong order pipeline boosts confidence in HAL and defense sector.
Textiles (+ve): Govt exempts customs duty on cotton imports till Sept 2025. Yarn and spinning players expected to benefit from lower costs.
IndiGo, Travel & Tourism (+ve): India-China to resume direct flights. A strong positive for airlines, tourism, and visa services.
Ultratech Cement (+ve): AGM commentary upbeat. On track to reach 200 MTPA capacity by FY26, a year earlier than planned. Reflects robust demand outlook.
SRF (+ve): Signs strategic deal with Chemours to support chemical growth in India. Adds to long-term visibility.
Endurance Tech (+ve): Approves ₹136 cr capex for ABS and brake systems expansion. Positive for future growth in auto-ancillary space.
Reliance & Refiners (-ve): Negative global commentary on Russian oil buying could impact refining margins and weigh on sentiment.
Key Themes Today
-
Telecom: Tariff hike cycle supportive for earnings.
-
Defense: Strong government order flow keeps sector in focus.
-
Textiles: Duty relief helps margins.
-
Travel: Flight resumption with China to lift aviation.
-
Gaming: Regulation risk for online players, while Delta Corp gains.
Disclaimer: This report is for informational purposes only and not investment advice; please consult your financial advisor before acting.