12/03/26, Happiest Minds share price:

Shares of Happiest Minds Technologies have rallied over 25% over the past five sessions (as of the March 11 closing level on the NSE).

On Wednesday, March 11, the stock gained 2.88% on the NSE to close the session at ₹412.

The latest upside in the stock is being fuelled by the company's upward revision in its FY27 growth expectation.

On March 10, in its press release, Happiest Minds said it reaffirmed the company's strong growth trajectory, strengthened by its AI First strategic initiatives and robust demand across sectors.

On March 26, 2025, the company announced 10 strategic initiatives, which collectively provided the foundation for setting a revenue growth expectation of 10% in constant currency over a four-year horizon.

"That announcement signalled the company's intention to pursue a focused, initiative-led transformation across its business," the press release added.

Among those 10 initiatives, Happiest Minds added, was the creation of Generative AI Business Services (GBS). Over the intervening period, GBS has matured significantly-both in capabilities and in client acceptance-to the point where it became the foundation for the company's most consequential strategic evolution to date.

Launch of the AI First Initiative - The 11th Strategic Initiative

On February 10, 2026, the company launched AI First - its 11th strategic initiative.

"This initiative represents not merely an addition to the existing framework but a strategic elevation: AI First reorients the company's entire operating model, service delivery architecture, and client engagement philosophy around the primacy of artificial intelligence as a value-creation mechanism," it added.

At the time of the AI's first launch, the company communicated that it was observing rapid acceptance of its initiatives across the client base. Acknowledging the pace of change, the company had indicated it would undertake an evaluation of client feedback, pipeline metrics, market opportunities, and the expanded scope of its AI-first offerings and provide an updated growth outlook.

FY27 growth guidance upped

Happiest Minds said, "Having completed its assessment, the company is happy to announce a revision of its FY27 growth expectation to 12.5%, up from the earlier 10%."

This reflects the company's confidence that its AI-First strategy and broader portfolio of strategic initiatives are generating measurable traction ahead of prior expectations.

The company also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth, it added.

Management Speak

Ashok Soota, Chairman & Chief Mentor, Happiest Minds, said, "Happiest Minds is witnessing an accelerated growth driven by AI and other strategic initiatives. We are leading from the front with our AI-First strategy, which is already delivering measurable results and driving client transformations at scale. With this momentum, we are strongly positioned for sustained leadership in the AI-driven future of IT services."

Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds, said, "We are witnessing all-round growth led by rapid acceleration in financial services, healthcare, high-tech, and manufacturing by robust adoption of AI. The enhanced pipeline and strong business momentum we are experiencing validate our AI-first strategy and reinforce our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory."

Why is it significant?

An upward revision in growth guidance by an Indian IT firm in the current environment is a positive and significant development. It raises hopes that the recent AI-led sell-off may ease in the near term and that the Indian IT sector could return to a phase of sustainable growth, with artificial intelligence emerging as a key growth driver.

Happiest Minds Q3 FY26 Earnings

IT firm Happiest Minds Technologies reported a 19.56% decline in consolidated net profit to ₹40.3 crore in the October-December quarter (Q3 FY26), primarily weighed down by the one-time impact of the new Labour Code implementation.

The company had posted a net profit of ₹50.1 crore in the year-ago period, the company said in a regulatory filing.

The company's revenue from operations rose 10.69% to ₹587.56 crore in Q3 FY26, as compared to ₹530.81 crore in Q3 FY25.

Seen sequentially, revenue rose 2.43%, while profit fell 25.39%.

Happiest Minds Technologies accounted for an exceptional impact of ₹22.03 crore from the implementation of the new Labour Codes.

"Supported by robust cash flows and a steadfast focus on long-term value creation through our AI First approach, we remain well-positioned to drive sustainable growth, profitability, and returns for our stakeholders.

"We plan to double down on our AI/GenAI investments and build a dedicated 1,000+ team by the end of FY27," company MD Venkatraman Narayanan said.

About Happiest Minds

Happiest Minds Technologies is a digital engineering services provider that focuses on artificial intelligence-led solutions and technology-driven transformation for enterprises. The company offers services spanning product engineering, cybersecurity, analytics, and automation platforms, helping organisations build secure and scalable digital systems.

Happiest Minds provides solutions across multiple sectors, including banking and financial services, edtech, healthcare and life sciences, high technology and media, as well as manufacturing, energy, retail, and logistics, supporting companies in accelerating their digital transformation initiatives.

According to the company's website, as of February 2026, Happiest Minds generates annualised revenues in excess of $260 million, has a people strength of over 6,500+ across 43 global offices, and serves 290+ customers, including 85+ billion-dollar corporations.

Report by Upstox

source:Dailyhunt

12/03/26, market in the opening

 Indian equity markets opened sharply lower by more than 1 percent each on Thursday, extending the previous session's losses amid rising crude oil prices, persistent foreign institutional selling, and weak global cues.

At 09:17 am, the Sensex was down 946 points or 1.2 percent at 75,918, while the Nifty slipped 296 points or 1.2 percent to 23,571, falling further below the 24,000 mark amid broad-based selling. Market breadth remained weak with 1,707 shares declining against 633 advances on the NSE.

The sharp fall followed a weak close in the previous session, when the Sensex had dropped 1,342 points and the Nifty lost nearly 395 points, dragged by heavy selling across sectors.

Global cues also remained negative. Asian equities declined on Thursday as oil prices jumped after reports that additional ships were struck in the Strait of Hormuz and Iraqi waters, raising fears of supply disruptions and fuelling inflation concerns worldwide.

Oil prices surged again, with Brent crude rising about 9 percent to around $100 per barrel, while West Texas Intermediate crude climbed nearly 9 percent to around $95, despite the International Energy Agency announcing the largest coordinated release of emergency oil reserves in history.

US markets had also closed lower overnight. The Dow Jones Industrial Average fell 0.61 percent, while the S&P 500 declined slightly and the Nasdaq Composite edged marginally higher, as investors focused on the escalating conflict linked to the US-Israeli war on Iran.

Gainers and losers on NSE, BSE in opening trade

Back home, banking and financial stocks were among the major drags. The Nifty Bank index fell around 1.7 percent to 54,786, while the Nifty Private Bank index dropped a similar 1.7 percent.

Among Nifty constituents, ICICI Bank stock declined about 2.6 percent, while Kotak Mahindra Bank slipped around 1.7 percent. Other losers included InterGlobe Aviation, Larsen & Toubro, Tata Steel, Shriram Finance, and JSW Steel, which fell between 1.5 percent and 3 percent.

Sectorally, losses were widespread. The Nifty Auto index dropped over 2 percent, while the Nifty PSU Bank index declined about 2 percent. The Nifty Midcap 100 index fell around 1.7 percent, and the Nifty Smallcap 100 index slipped nearly 1.8 percent, reflecting weakness across broader markets.

Volatility also increased, with the India VIX rising nearly 5 percent to 22.07, indicating heightened nervousness among investors.

Crude oil prices, geopolitical uncertainty drag Indian markets

Analysts said the resurgence in crude prices and geopolitical uncertainty has pushed the market into a weaker zone. “External headwinds have pushed the market into a weak zone. With the war continuing and Brent crude again bouncing back to $100 levels, the weakness is likely to persist,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.

Institutional flows also remain a key concern. Foreign institutional investors (FIIs) extended their selling streak to nine consecutive sessions, offloading equities worth Rs 6,267 crore, while domestic institutional investors (DIIs) continued to provide support, purchasing shares worth Rs 4,965 crore in the previous session.

Technical analysts said the Nifty is now approaching a crucial support zone. According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, as long as the index trades below 24,000, market sentiment is likely to remain weak. On the downside, the 23,700 level could be retested, with a further fall potentially dragging the index toward the 23,600-23,550 zone.

Despite the near-term volatility, analysts note that geopolitical shocks historically tend to have only temporary impacts on markets, and investors may look for opportunities to accumulate high-quality stocks during periods of correction.

Report by Shareen Agrawal 

source:MoneyControl

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not of us.  We advise investors to check with certified experts before making any investment decisions.

12/03/26, commodity news

Market recap (as of 7:00 pm of 11/3/26)

• Gold 2 April Futures: ₹1,62,089/ 10 gram (▼ 0.7%)
• Silver 5 May Futures: ₹2,68,284/ 1 kg (▼ 3.4%)
• Crude Oil 19 March Futures: ₹7,855/ 1 BBL (▲ 5.8%)

• Technical view

  MCX Gold traded with a mildly negative bias today, but remained above the crucial support zone of ₹1,60,000. Prices attempted a recovery during the session, but encountered resistance at the short-term moving averages of around ₹1,62,000-₹1,63,000. This indicates a lack of strong momentum. The metal remains trapped within a broader range of ₹1,60,000 to ₹1,69,600. Meanwhile, the flattening moving averages and subdued ADX reading suggest weak trend strength and consolidation in the near term.

  

  Silver traded sideways with a slight downward bias, with prices slipping below the ₹2,77,000 resistance zone and hovering near the ₹2,70,000 level. The repeated failure to reclaim ₹2,77,000 suggests ongoing selling pressure at higher levels. Meanwhile, the metal continues to trade within the broader range of ₹2,57,800-₹2,77,000. The relatively low ADX reading suggests that the market may remain range-bound unless a decisive breakout occurs.

  

  Crude oil prices saw a modest recovery today following the sharp correction earlier on, with the contract bouncing back from the ₹7,215 support level. However, prices are still struggling to rise decisively above the short-term moving averages near the ₹8,000 zone, which suggests that there is still selling pressure at higher levels. The cooling ADX suggests that the earlier strong trend has slowed and that crude may continue to consolidate unless it remains above ₹8,000 or falls below the ₹7,215 support level.

  

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  Disclaimer

  Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for the client's consumption, and such material should not be redistributed. We do not recommend any particular stock, securities, or strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely to show how to do analysis. Take your own decision before investing.

• source: Upsrox

12/03/26, Share Market Today

 The Indian stock market came under renewed selling pressure in Wednesday's session, March 11, following a brief rally, as high crude and gas prices, caused by the ongoing US-Iran war, have kept risk-off sentiment elevated.

Concerns about higher inflation stemming from rising energy prices are holding investors back from making fresh bets, leaving domestic equities struggling to find a floor. The spike in energy costs has heightened concerns that global interest rates could remain elevated for longer, which is further prompting overseas investors to trim their positions in emerging markets.

After a 1% rally in the previous session, the Nifty 50 reversed its gains, falling 1.63% to the 23,866 level, while the BSE Sensex also dropped sharply by 1.72% to the 76,863 level. The broader markets, too, saw heavy bleeding, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 1.25% and 0.36%, respectively.

Selling gripped all major sectors, with the auto pack hit the hardest, as the Nifty Auto crashed 3.15% while the Nifty Private Bank tumbled 2.41%.

Stock market today

Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher, said that the Nifty 50, in the last three sessions, has witnessed high fluctuations with gap-ups and gap-downs and was once again subjected to heavy profit booking, tanking sharply with a huge bearish candle formation on the daily chart and closing near the 23,850 zone, with bias and sentiment very much precariously placed.

Parekh noted that the Nifty 50 index would have the recent low made near the 23,700 zone as the important and crucial support level to be watched in the coming sessions, which needs to be sustained failing that, the overall sentiment can turn very much bearish.

Commenting on the banking index, the analyst said Bank Nifty witnessed heavy profit booking, sliding steadily as the session progressed to end near the 55,700 zone, with sentiment maintained with a nervous approach and no signs of easing in the Middle East geopolitical tensions.

She added that the index would now have the previous major low made near the 53,600 zone as the crucial and important support, which needs to be sustained to maintain the overall trend intact. Only a decisive move above the 200-period moving average at the 57,500 level can improve the bias thereafter to establish some conviction.

Parekh further said that the support for the day is seen at 23,700 levels, while resistance is seen at 24,100 levels. Meanwhile, Nifty Bank would have the daily range of 55,000-56,500 levels.

Vaishali Parekh's stock recommendations for today

Regarding stocks to buy and sell today, Vaishali Parekh recommended three buy-or-sell stocks for intraday trading: PNB Housing Finance, Adani Green Energy, and Oil India.

1] PNB Housing Finance: Sell at ₹784, Target ₹750, Stop Loss ₹800.

2] Adani Green Energy: Sell at ₹855, Target ₹830, Stop Loss ₹870; and

3] Oil India: Buy at ₹480, Target ₹500, Stop Loss ₹470.

source:Mint

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not of us.  We advise investors to check with certified experts before making any investment decisions.

11/03/26, The Reserve Bank of India (RBI) has limited the maximum dividend banks can pay to their shareholders at 75% of profit after tax (PAT).

The new norms will come in effect from the financial year (FY) 2026-27. Following the consultations with stakeholders, the RBI has issued the Reserve Bank of India (Commercial Banks - Prudential Norms on Declaration of Dividend and Remittances of Profits) Directions, 2026.

Under these norms, the regulatory capital of the bank should not fall below the applicable regulatory capital requirement even after the payment of dividends. Further, a foreign bank operating in India in branch mode should have positive PAT for the period for which the profits are to be remitted to the Head Office.

The RBI has also issued prudential norms on declaration of dividend for small finance banks, local area banks, payment banks, and regional rural banks. Meanwhile, the combined net profit of all scheduled commercial banks (SCBs) grew 14.8% year-on-year to Rs 4.01 lakh crore during FY25, with the return on assets (RoA) at 1.4% and return on equity (RoE) at 13.5%.

The RBI revised the limit upwards from 40% earlier. The move is expected to benefit banks with a high capital adequacy ratio (CET 1). Additionally, the banks can only pay 0% to 100% of the Adjusted profit after tax ( Adjusted PAT= Reported PAT- 50% of the net NPA). This ensures the bank is well liquidated with provisions for bad debts. However, the total amount of dividends paid should not exceed 75% of the reported PAT.

Banks with high CET1 ratios can now distribute higher dividends and can attract investors who have a growth and efficiency mindset. While banks with lower CET 1 ratios may continue to deliver lower dividend payouts.

source: Reserve Bank 

11/03/26, AC stocks:

Blue Star, Voltas, LG Electronics, are among other stocks that surged during the trading session on Wednesday, March 11, 2026, amid the heatwave warning from the Indian Meteorological Department (IMD).

On March 10, IMD issued a 'severe heat warning' for several areas in Mumbai, Thane and Palghar, while the Raigad region was put under a yellow alert. These weather warnings came after temperatures in the regions touched 42.5 degrees earlier this week.

"Day temperatures are expected to remain significantly above normal over several regions in the coming days," said IMD in a social media post on X, highlighting that this trend is likely to continue till March 12, 2026.

As the heatwave looms over the people of the country across several regions, stock market investors are now focusing their attention on the air conditioner (AC) stocks which are likely to be in demand due the early signs of a raging summer season.

AC stocks like Blue Star, Voltas, LG Electronics, Havells India, and PG Electroplast surged during the intraday trading session on Wednesday despite an overall bearish sentiment on the Indian stock market with the Nifty 50 trading lower. Reports suggest that investors are also focusing on the potential rise in AC prices due to an upcoming hot summer season in 2026.

Blue Star share price

Blue Star stock jumped 5.09% to ₹1,984 during the early market session on Wednesday, compared to ₹1,894.90 at the previous trading close, according to NSE data. Shares of Blue Star are trading 3.68% higher over the previous market close level, as of 1:51 p.m. on March 11.

Shares of Blue Star have given stock market investors more than 318% returns on their investment in the last five years, and over 157% returns on the last three years, NSE data showed. However, the stock has lost 3.27% in one year but is trading 10.33% higher on a year-to-date (YTD) basis.

Voltas share price

Voltas shares rose 4.2% in the early market session to hit an intraday high of ₹1,509.80 on Wednesday, compared to the previous market close at ₹1,448.90, NSE data showed. Voltas stock was trading 1.47% higher at ₹1,470.20 as of 2:10 p.m.

Voltas shares have given investors more than 38% returns on their investment in the last five years, and over 64% returns on the last three years, NSE data showed. The stock is up 4.69% in one year and is trading 6.34% higher on a year-to-date (YTD) basis.

LG Electronics India share price

LG Electronics shares rose 2.44% to hit the intraday high of ₹1,611.50, compared to ₹1,573 at the previous market close, stock exchange data showed. LG shares were trading 0.32% lower at ₹1,578 as of 2:14 p.m.

On a year-to-date (YTD) basis, LG Electronics shares were trading 6.32% higher in 2026, and are up 2.02% in the last five market sessions on the Indian stock market.

Havells India share price

Havells India shares jumped 3.43% to ₹1,404.60 intraday high level, compared to ₹1,358 at the previous trading close, according to the NSE data. The shares of the company are trading 0.66% higher at ₹1,367 as of 2:17 p.m.

Shares of Havells India have given stock market investors more than 22% returns in the last five years and over 12% gains in the last three years. However, the company's stock has lost 6.96% YTD, but is trading 3.72% higher in the last five market sessions.

PG Electroplast share price

PG Electroplast shares surged 3.7% to hit the intraday high of ₹564.40 during Wednesday's market session, compared to ₹544.10 at the previous market session, NSE data showed. The company's stock was trading 1.53% higher at ₹552.45 as of 2:21 p.m.

Shares of PG Electroplast have given investors 1,180% returns on their investments in the last five years, and over 287% returns in the last three years. However the stock has lost 38% in one year and is trading 4.66% lower on a YTD basis.

Will AC prices rise?

According to a recent report from PTI, air conditioner manufacturers in the market are increasing the price range of the machines in the range of 5% to 15% in an effort to offset the rising cost of raw materials and increasing supply chain expenses.

The report also highlighted that the price hikes are set to be rolled out between the month of February to April, which also marks the peak summer season and serves as the peak demand for AC sales. Leading AC makers in the market have all accounced a price increase across their models passing on the input costs to the customer for using ky raw materials like copper.

Report by Upstox

Source:Dailyhunt

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Us. Please consult with a financial advisor before making any investment decisions.

11/03/26, PostMarket REPORT

The Indian benchmark indices, SENSEX and NIFTY50, continued their downward trend during the volatile afternoon session on Wednesday, March 11, weighed down by auto and private bank stocks.

The SENSEX declined by as many as 1,045.15 points to an intraday low of 77,160.83. Meanwhile, the NIFTY50 reached the session's low of 23,971.60.

At 12:36 PM, the S&P BSE SENSEX slumped by 965.33 points, or 1.23%, to 77,240.65, while NSE's NIFTY50 was trading at 23,990.10, reflecting a 271.50 points, or 1.12% fall.

On Tuesday, the foreign institutional investors (FIIs) sold stocks worth ₹4,672.64 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹6,333.26 crore on a net basis, according to exchange data.

Furthermore, the India VIX, the volatility gauge, spiked over 10% during Wednesday's noon session.

Shares of Bajaj Finance, which lost 3.97%, contributed to the decline of the NIFTY50 index. It was followed by Bajaj Finserv (-3.35%), Axis Bank (-3.10%), Mahindra & Mahindra (-3.06%), and Bajaj Auto (-2.55%), which were among the top losers.

On the contrary, the top gainers included NTPC (1.70%), Wipro (1.59%), Jio Financial Services (1.50%), Coal India (1.42%) and Tech Mahindra (1.14%).

Buzzing stocks on March 11: Check list

Pipe, pumps, and EPC stocks

The stock of Shakti Pumps, KSB Limited, VA Tech Wabag, Astral, NCC, L&T, among others were trading with impressive gains in an otherwise volatile market on Wednesday, March 11, as the Union Cabinet on Tuesday approved the extension of the Jal Jeevan Mission up to December 2028 with an enhanced outlay of ₹8.7 lakh crore, Union Minister Ashwini Vaishnaw said.

The project was launched by Prime Minister Narendra Modi in 2019 to provide safe and adequate drinking water through tap connections to all households in rural India.

"The Cabinet approved the Ministry of Jal Shakti's proposal to restructure and reorient the implementation of the Jal Jeevan Mission (JJM) from infrastructure creation to service delivery, supported by drinking water governance and an institutional ecosystem for a sustainable rural piped potable water supply," the minister said at a press conference.

InterGlobe Aviation

Shares of InterGlobe Aviation Limited, which operates budget carrier IndiGo, rose as much as 3.02% to an intraday high of ₹4,512.90 in early trade on March 11, after the company announced that Pieter Elbers has stepped down as chief executive officer (CEO) with immediate effect.

In an exchange filing on March 10, the company stated that Elbers resigned due to personal reasons and his notice period was waived.

"It has been both an honour and a privilege to serve as IndiGo's CEO these past years, since September 2022, and being a part of the great IndiGo family, its beautiful growth story, and the steps we have made together in this. If the company so desires, obviously, I will be available for any handover or transition otherwise," Elbers said in his resignation letter.

Meanwhile, Rahul Bhatia, Managing Director of IndiGo, will lead the company as the interim CEO until the announcement of a new leader.

Reliance Industries

The stock of Reliance Industries (RIL) was trading in red after hitting a high of ₹1,434 apiece on the National Stock Exchange (NSE), as the US President Donald Trump announced that the Indian oil refining giant will invest in an oil refinery in Brownsville, Texas, via a $300 billion deal.

In his post on Truth Social, President Donald Trump announced that an oil refinery will be opened in Brownsville, Texas, United States, the first new establishment in the region over the last 50 years.

Trump extended his gratitude to Reliance Industries for their "tremendous investment" in what is being called a $300 billion oil refinery deal. He also said that this refinery aims to fuel the US markets, strengthen America's energy production capabilities, and boost global exports from the United States.

H.G. Infra Engineering

Shares of H.G. Infra Engineering rallied as much as 19.13% to hit an intraday high of ₹584.40 per unit on the NSE, on bagging an order worth ₹401.33 crore from Anuppur Thermal Energy (MP) Pvt Ltd in Madhya Pradesh.

In a regulatory filing dated March 10, the company stated that it secured the order for the development of railway infrastructure at the thermal power project in Anuppur, Madhya Pradesh.

As per the filing, the project involves the execution of civil works, including earthwork, bridges, and station buildings, along with P-way works for the development of railway infrastructure at the 2x800 MW thermal power project.

The project, expected to be done in an item rate or Bill of Quantities (BOQ) mode, has a construction period of 18 months.

Waaree Energies

Waaree Energies' stock rose as much as 2.87% to the session's peak of ₹2,732 apiece on Wednesday, March 11, as the company's subsidiary is investing $30 million in a US solar holding company to boost international reach.

In an exchange filing on March 10, the company said that its wholly-owned unit, Waaree Solar Americas Inc, has entered into a share subscription agreement with United Solar Holdings for the subscription of 53,68,551 series B preferred shares for $30 million.

"The transaction is not a related party transaction. None of the company's promoter / promoter group / other group companies have any interest in the above transaction," Waaree Energies said.

Sedemac Mechatronics

Sedemac Mechatronics shares debuted at ₹1,535 apiece on the NSE on Wednesday, March 11. This reflects a premium of 13.54% over the issue price of ₹1,352 per share.

On the BSE, the scrip started trading at ₹1,510 per unit, up 11.69% from the issue price.

A lot consisted of 11 shares. Investors who received the Sedemac Mechatronics IPO allotment made ₹16,885 per lot.

Report by Updtox

11/03/26, US President Donald Trump on Tuesday announced a plan to build an oil refinery in Brownsville, Texas, calling it a massive win for American workers. Trump said that the new refinery would fuel American markets and strengthen national security, along with boosting energy production.

"America is returning to REAL ENERGY DOMINANCE! Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas,” Trump wrote in a post on his Truth Social social media platform.

“Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment," he added.

A statement from Reliance Industries Ltd is awaited.

In a statement, America First Refining, the company behind the project, said the refinery will be located at the Port of Brownsville, Texas, and will significantly strengthen the country's long-term energy dominance. The company said it expects to break ground in the second quarter of 2026.

Trump added that the new refinery would deliver billions of dollars in economic impact and create thousands of jobs in the region.

"It is because of our America First Agenda, streamlining Permits, and lowering Taxes, that have attracted Billions of Dollars in Deals coming back to our Nation. A new Refinery at the Port of Brownsville will fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in Economic impact, and will be THE CLEANEST REFINERY IN THE WORLD. It will power Global Exports, and bring THOUSANDS of long overdue Jobs and Growth to a Region that deserves it. This is what AMERICAN ENERGY DOMINANCE looks like. AMERICA FIRST, ALWAYS!", he said.

Trump described the agreement as a historic $300 billion deal -- the biggest in US history -- saying it represents a massive win for American workers, the energy industry, and the people of South Texas.

"This project represents a historic step forward for American energy production," said John V Calce, chairman and founder of America First Refining.

The development comes as the West Asia conflict widens beyond Iran, with Tehran carrying out retaliatory missile and drone attacks targeting US military bases, diplomatic missions, and civilian and energy facilities in Gulf nations such as the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Jordan.

The fighting has also caused major disruptions to global energy markets, especially around the Strait of Hormuz, a route for roughly one-fifth of the world's oil supply.

On Tuesday, during a press briefing, White House Press Secretary Karoline Leavitt said that the oil and gas prices would soon come down, potentially even lower than what they were before the start of 'Operation Epic Fury.'

Leavitt told the media, "Rest assured to the American people, recent increase in oil and gas prices is temporary and this operation will result in lower gas prices in the long term. Once the national security objectives of Operation Epic Fury are fully achieved, Americans will see oil and gas prices drop rapidly, potentially even lower than they were prior to the start of the operation. We will live in a world where Iran can no longer threaten the United States or our allies with a nuclear bomb."

source: Network18 

11/03/26, US-Israel-Iran War news

Iran has formally shifted to deploying heavy-warhead missiles weighing over one ton, marking a transition from calibrated retaliation to preparations for sustained high-intensity missile campaigns, top intelligence sources told. 

The announcement was made by IRGC Aerospace Commander General Mousavi, who outlined a new war tactic centred on high-impact strikes and saturation attack strategies designed to overwhelm regional air defence systems.

According to top intel sources, Tehran has moved away from mixed-payload missile usage to standardising heavy warheads above one ton, pointing to a preference for maximum destructive capability. The shift indicates that future strikes are intended to cripple hardened military infrastructure, including airbases, bunkers, ports, logistics hubs and command centres, rather than target symbolic or limited tactical objectives.

One-ton-plus warheads significantly increase blast overpressure and possess major penetration capability against reinforced infrastructure, sources said. The wider reach of these systems is aimed at enabling strikes deeper into Israel, US regional assets and other adversaries across West Asia.

Iranian missile platforms such as the Khorramshahr-4 are expected to become central to this force projection strategy. The system offers high payload capacity with medium-range reach, making it suitable for regional power deterrence.

Sources further indicated that increased launch frequency and larger missile waves suggest the adoption of defence-saturation tactics designed to exhaust interceptor inventories. The doctrine directly targets advanced air defence ecosystems, including Israel's Iron Dome, David's Sling and Arrow systems, where interception probability decreases under mass simultaneous launches.

The strategic shift has heightened escalation concerns, with intelligence assessments indicating that Tehran is preparing for sustained, high-intensity barrages rather than isolated exchanges.

The development marks a doctrinal evolution in Iran's missile policy, expanding its strategic reach across West Asia and signalling readiness for a broader regional confrontation.

Source:News18

11/03/26, ( 3 Recommend Stocks); Following the de-escalation buzz in the US-Iran war, the Indian stock market witnessed strong buying throughout the Tuesday session.

 The Nifty 50 index finished 233 points higher at 24,261, the BSE Sensex surged 639 points and closed at 78,205, and the Bank Nifty index ended 931 points higher at 56,950. Among sectors, the auto index was the top gainer, rallying over 3%, whereas the IT index registered intraday profit booking at higher levels.

Stock market today

Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladdher, believes the undertone of the Indian stock market is cautious. The Prabhudas Lilladher expert said the Nifty 50 index opened with a huge gap up near the 24,300 zone and thereafter had a range-bound session, ending in the green near the 24,250 zone, signalling a relief rally.

Parekh added that the 50-stock index would need to stabilise and close above the 24,400 -24,500 band to establish some clarity and conviction, and thereafter, can expect a further upward move in the coming days.

"The low made near the 23,700 zone would be the important support level to be watched for and would need to improve the bias in the coming sessions with volatility anticipated," Parekh added.

On the outlook of the Bank Nifty index, Vaishali Parekh of Prabhudas Lilladher said the Bank Nifty index witnessed an almost 1,000-point recovery to end near the 57,000 zone inside the ascending channel pattern on the daily chart and would need to move past the near-term resistance of the 57,800 level to fill up the recent gap and establish some conviction.

"The index would have the near-term support at the 55,200 level, which needs to be sustained, and with the overall scenario still maintained with a cautious approach, one needs to wait and watch for further developments," said Parekh.

Vaishali Parekh's stock recommendations for today

Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks for intraday trading: Piramal Pharma, Bharat Dynamics Ltd, and Oberoi Realty.

1] Piramal Pharma: Buy at ₹154, Target ₹160, Stop Loss ₹151;

2] Bharat Dynamics Ltd or BDL: Buy at ₹1380, Target ₹1450, Stop Loss ₹1350; and

3] Oberoi Realty: Buy at ₹1504, Target ₹1550, Stop Loss ₹1480.

source:Mint

: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not of us. We advise investors to check with certified experts before making any investment decisions.

11/03/26, Financial Express Report on AeroSpace boom

 Global aerospace presents a massive, rapidly growing addressable market, expected to expand from ₹1.2 lakh crore in 2023 to ₹2.2 lakh crore by 2029, as per Azad Engineering.

Global air traffic is also projected to double by 2029, serving as a major tailwind for the sector.

The aerospace industry is expanding for several other reasons. Two companies (Boeing and Airbus) control more than 90% of the market share. Currently, the industry has a backlog of 15,000 aircraft, approximately 84% of which are narrow-body aircraft, such as the Airbus A220, A320, and Boeing 737.

Rising defence spending, with a strong focus on modernization, advanced aircraft, and missile manufacturing, is another tailwind for the industry. As such, here are three hidden gems benefitting from the opportunity.

#1 Raymond: The LEAP engine specialist

Raymond, a part of the Raymond group, is the aerospace business.

The company's aerospace business is housed in JK Maini Global Aerospace (JKMGAL), a subsidiary of Raymond. This company supplies mission-critical parts to global OEMs and Tier 1 suppliers, such as Airbus and Boeing.

JK Maini Global: Serving the Boeing-Airbus Duopoly

JKMGAL manufactures aircraft components, having developed over 1,200 precision aero-engine parts for more than 25 global clients. It is a preferred partner to the top three global aircraft engine manufacturers, who collectively command an 88% global market share.

This business is a 'low volume, high mix' model and is witnessing tremendous growth. Revenue grew 34% year-on-year to ₹273 crore in 9MFY26. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 34% to ₹57 crore, with margins at 20.9%.

Aerospace and Defence Segment Financials

 Source: Company

Complex Engine Parts is the segment's biggest revenue generator, accounting for over 75% of total revenue. An excellent example of their capabilities is the manufacturing of nozzle guide vanes and the 6th and 7th stages of the low-pressure turbine for the LEAP 1A engine.

JKMGAL can produce 8,000 units of these per year using Rene 77 material, employing advanced techniques such as vacuum brazing, 5-axis grinding, EDM, and TIG welding. Structural and system components accounted for the remaining 16% and 6% of revenue, respectively.

Its revenue mix is ​​heavily export-oriented, with 60% derived from Europe, followed by the US (21%) and India (17%). To further expand its global footprint beyond traditional Western markets, the company recently participated in the Dubai Airshow 2025 to explore new opportunities with customers in the Middle East.

The LEAP engine specialist: Scaling high-margin complex parts

A major driver of their growth is their participation in the high-volume LEAP engine programs (1A/B/C), for which they supply 300-350 different types of parts. The LEAP engine program comprises multiple high-volume, advanced aircraft engines extensively used by world-renowned aerospace companies such as Airbus and Boeing.

The aerospace industry has high barriers to entry and needs long-term commitment, which provides JKMGAL with strong clarity regarding its operational outlook. Customer agreements typically last 5 to 10 years. Thanks to these long-term contracts and a continuous pipeline of new product approvals, its order book averages around 2.5 to 3 times its current earnings.

When Raymond secures a contract for a new component, the OEM typically allocates 35% of the market share to testing. And customers consistently increase this allocation to 65% when quality is strong, and 100% on-time delivery is achieved. Currently, more than 50% of their components have already surpassed this 65% mark.

Revenue Visibility: Long-Term contracts and the ₹500 crore capex plan

To meet growing demand, the company plans to undertake a substantial capital expenditure of approximately ₹500 crore over the next five years. This amount will be utilized to establish an aerospace manufacturing facility in Andhra Pradesh, thereby ensuring significant long-term expansion and cost-related benefits.

#2 Sansera Engineering: Transitioning from Auto to Aerospace

Sansera Engineering, a traditional manufacturer of automotive components, is now venturing into the defence sector as well. Defence-related operations constitute a crucial part of its rapidly expanding ADS (Aerospace, Defence, and Semiconductor) vertical.

To capitalize on the impetus India is giving to indigenous defence manufacturing, the company is actively expanding its defence capabilities. Sansera has allocated a dedicated manufacturing facility for this sector. Given the rapidly increasing order volume within the ADS division, management is also actively seeking to acquire land.

The ADS Pivot: Accelerating beyond traditional automotive parts

The company manufactures complex, mission-critical aerospace structural components using its precision engineering expertise. Its key aerospace products include actuation gimbals, door beams, door fittings, bottom panel liners, and actuator housings.

Exclusive Airbus partnership: Powering aeromedical evacuation systems

Sansera's clientele includes world-renowned aircraft OEMs and Tier-1 suppliers. A major achievement for the company is a long-term contract with Airbus Defence and Space, valued at approximately ₹160 crore.

Sansera has been selected to provide manufacturing, supply, and support for the 'Airborne Intensive Care Transport Module.' This is a key system used for aeromedical evacuation in light and medium-category transport aircraft. Notably, Sansera is the only Indian supplier selected by Airbus for this program.

Sansera also supplies a large volume of parts for the first ship set of doors for the A220 aircraft, and production is currently ramping up to align with customer schedules. Management states that aircraft manufacturers are currently booking orders faster than they can deliver them, leading to a heavy reliance on Indian suppliers to secure resources and trained manpower.

A ₹3,800 crore lifetime backlog: Scaling capacity for FY30 targets

The aerospace division is currently experiencing explosive financial growth. ADS revenue surged more than 4X year-on-year in Q3FY26. In 9MFY26, revenue from ADS surpassed ₹215 crore. It is on track to achieve the revenue target of ₹300-320 crore in FY26, and ₹500-600 crore revenue in FY27. By FY30, it expects to execute ₹1,200-1,300 crore annually from the existing backlog.

Shifting Revenue-Mix

 Source: Company

Operational Ramp-Up: The September 2026 facility expansion

The strongest indicator of its strength is its cumulative unexecuted lifetime order backlog, which stood at ₹3,800 crore as of December 2025. The current facility will hit its maximum revenue capacity of ₹600 crore next year. To handle the steep ramp-up, Sansera has planned ₹250 crore in capex over the next few years. A plant is expected to be live by September 2026.

#3 Azad Engineering: The Global Tier-1 Powerhouse

Azad Engineering supplies products, including actuator assemblies and hydraulic system components, which are essential to flight control and landing gear systems. The Aerospace and Defence Segment is the key growth engine for the company, accounting for 18% of total revenue in FY25.

Partnering with Rolls-Royce, Honeywell, and Pratt & Whitney

Azad is an established global Tier-1 supplier to major commercial aircraft manufacturers and engine OEMs. These relationships are based on years of engineering validation, and there exist high barriers to entry. Azad supplies critical components for various aircraft platforms manufactured by Boeing, Airbus SE, and Gulfstream.

About Azad Aerospace Division

 Source: Company

Azad has recently signed a 'Master Terms Agreement' and a 'Purchase Agreement' with Pratt & Whitney for the development and manufacturing of aircraft engine components. Notably, the company's India head has indicated plans to significantly increase component supply from India.

Azad is progressing on contracts for highly engineered critical rotating components. Management emphasized that Azad works with Safran as a global supplier benchmarked against global standards, rather than relying solely on domestic offset policies.

Azad started working with Rolls-Royce in 2024 and signed a long-term agreement to produce components for Civil Aircraft Engines. Initial supplies are expected to commence in FY27. It has also received a phase 1 business award worth US $16 million (about ₹108 crore) to manufacture and supply highly complex components for Honeywell Aerospace.

Defence Modernisation: Import Substitution for UAVs and Anti-Ship Missiles

The company is also developing strategic jet engines for use in defence UAVs, drones, and anti-ship missiles. These engines serve as import substitutes under the Government of India mandate, representing a massive market potential.

Sustaining 30% growth with a ₹6,500 crore order book

Looking ahead, management has reiterated its top-line revenue growth guidance of 30% for FY26, with a long-term EBITDA Margin of 33-35%. This is supported by a massive order book of over ₹6,500 crore and an increasing backlog from OEMs.

Azad Engineering Financials

 Source: Company

From a financial perspective, its revenue in 9MFY26 increased 31.8% year-on-year to ₹433 crore, while its EBITDA margin improved to 36.9%. Net Profit surged by 55.3% year-on-year to ₹97 crore. This growth was driven by the aerospace and defence sector (which grew 31.2%). Exports contributed 92.9% to the total revenue.

The Investor's Dilemma: Growth vs. Valuation

Return ratios, including Return on Capital Employed (ROCE) and Return on Equity (ROE), are muted across three companies. Raymond is recently listed post demerger, so return ratios are yet to show their true numbers.

In terms of valuation, Raymond is trading at a discount relative to both its median and industry multiples, whereas Sansera is trading at a premium compared to both. Azad is trading at a significant premium relative to its historical levels and to the industry.

Peer Comparison (X)
Company	EV/EBITDA	3Y Median EV/EBITDA	Industry EV/EBITDA	ROCE (%)	ROE (%)
Raymond	9.5	12.8	12.4*	1.6	7.5
Sansera	22.5	14.4	12.4	13.4	10.5
Azad	85.9	59.2 (2.3Y)	18.5	12.2	8.6

Source: Screener.in (Auto Sector (Not Realty) Number is Taken)

India's aerospace and defence opportunity is expanding rapidly, driven by rising air traffic, aircraft backlogs, and defence modernisation. Raymond, Sansera, and Azad are positioning themselves to benefit through long-term global OEM contracts and expanding order backlogs.

However, despite strong visibility into growth, valuation premiums and muted return ratios remain key considerations for investors. Whether they can continue to lead the aerospace and defence race remains to be seen. Meanwhile, add them to your watchlist and stay tuned.

the above article is only for educational purpose and not of trading advice 

11/03/26, Stocks to Watch Today:

Investors tracking the Indian stock market today will keep a close watch on several stocks to watch today, including Aditya Birla Capital, Reliance Industries, Adani Enterprises, IDFC First Bank, and Nazara Technologies, among others.

These stocks are in focus due to key corporate announcements, investments, stake acquisitions, management changes, and new order wins that could influence stock market sentiment and share price movement.

Market participants looking for top stocks in news, stocks in focus today, and stocks likely to move today should monitor these companies as they could drive sectoral momentum and short-term market trends.

So here's the list of stocks to watch today:

Stock Name	Headline
Aditya Birla Capital	Rs 750 Crore Rights Investment in Housing Finance Arm
Nazara Technologies	Morgan Stanley Asia Acquires 0.77 per cent Stake
Adani Enterprises	Subsidiary Acquires Remaining Stake in DP Jain TOT Toll Roads
HG Infra Engineering	Receives Rs 401.33 Crore Order
Reliance Industries	Jamnagar Refinery to Maximise LPG Production
Hindustan Zinc	MoU Signed for Zinc Alloy Manufacturing Facility
Tips Music	CEO Hari Nair Resigns
IDFC First Bank	Rs 645 Crore Fraud Claim Settled
Waaree Energies Ltd	Subsidiary to Invest USD 30 Million in United Solar Holdings
TVS Supply Chain Solutions	Expands Operations with Caterpillar India
IndiGo (InterGlobe Aviation)	CEO Pieter Elbers Steps Down

IndiGo (InterGlobe Aviation)

CEO Pieter Elbers Steps Down

Pieter Elbers has resigned as Chief Executive Officer of IndiGo, effective March 10. Rahul Bhatia, the Managing Director, will take over management responsibilities on an interim basis.

Aditya Birla Capital

Rs 750 Crore Rights Investment in Housing Finance Arm

Aditya Birla Capital has invested Rs 750 crore, on a rights basis, in the equity shares of its subsidiary Aditya Birla Housing Finance.

Nazara Technologies

Morgan Stanley Asia Acquires 0.77 Per Cent Stake

Morgan Stanley Asia Singapore has acquired 28.85 lakh shares, representing a 0.77 per cent stake in Nazara Technologies, from Think India Opportunities Master Fund LP for Rs 69.18 crore.

Adani Enterprises

Subsidiary Acquires Remaining Stake in DP Jain TOT Toll Roads

Adani Enterprises stated that its wholly owned subsidiary, Adani Road Transport, has acquired the remaining 49 per cent stake in DP Jain TOT Toll Roads Pvt Ltd, along with 100 per cent optionally convertible redeemable preference shares, under a previously signed share purchase agreement.

HG Infra Engineering

Receives Rs 401.33 Crore Order

HG Infra Engineering has secured an order worth Rs 401.33 crore from Anuppur Thermal Energy in Anuppur.

Reliance Industries

Jamnagar Refinery to Maximise LPG Production

Reliance Industries announced that its Jamnagar oil refining complex will maximise the production of cooking gas LPG. Additionally, gas from the Bay of Bengal KG-D6 fields will be diverted to priority sectors to help the Indian economy manage disruptions caused by the West Asia war.

In a separate development, the corporate dispute appellate tribunal NCLAT has set aside an appeal filed by Reliance Realty that sought insolvency proceedings against Altruist Customer Management.

Tips Music

CEO Hari Nair Resigns

Hari Nair has resigned as Chief Executive Officer of Tips Music, effective April 30, 2026, to pursue new opportunities.

Hindustan Zinc

MoU Signed for Zinc Alloy Manufacturing Facility

Hindustan Zinc has signed a Memorandum of Understanding (MoU) with CMR Green Technologies, a non-ferrous recycling company in India, to establish a zinc alloy manufacturing facility at Zinc Park.

IDFC First Bank

Rs 645 Crore Fraud Claim Settled

IDFC First Bank announced that it has settled fraud claims related to its Chandigarh branch for Rs 645 crore and has found no further discrepancies.

Waaree Energies Ltd

Subsidiary to Invest USD 30 Million in United Solar Holdings

Waaree Energies stated that its wholly owned subsidiary, Waaree Solar Americas Inc., has signed a share subscription agreement with United Solar Holdings Inc. to subscribe to approximately 5.37 million Series B preferred shares for about USD 30 million.

TVS Supply Chain Solutions

Expands Operations with Caterpillar India

TVS Supply Chain Solutions has strengthened the global supply chain operations of Caterpillar India Pvt Ltd by establishing a 40,000 sq. facility.

Report by Economic Times
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggests readers and investors  to consult their financial advisors before making any money-related decisions.)