STALLION

** Shares of Power Mech Projects POMP.NS jump as much as 8.2% to a 2-month high of 2,347 rupees, last up 4.5%

** Engineering and construction firm gets 5.79-billion rupee (~$67 million) order from Bharat Heavy Electricals BHEL.NS for civil structure and architechtural work in Jharkhand state

** Order for a period of 32 months

** Year-to-date, POMP down ~16%

($1 = 85.8575 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian carmaker Hyundai Motor India HYUN.NS gains as much as 2.4% to 1,653 rupees in early trade, last up 1.4%

** HYUN to hike prices by up to 3% from April due to higher input and operational costs

** 18 brokerages' avg rating on stock is "buy", median PT is 2,029 rupees - data compiled by LSEG

** Stock down about 15% since trading debut on October 22

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian airline IndiGo INGL.NS climbs 3.9% to 4,992 rupees, its highest in six months

** Carrier plans to increase its international capacity share, or the proportion of its total available seat kilometres for international routes, to 40% by fiscal year 2030 from 28% currently

** Avg rating of 20 analysts on stock is "Buy", median PT is 5,233 rupees - data compiled by LSEG

** Rival SpiceJet SPJT.BO is rated "Hold" on avg

** Year-to-date, INGL up 5.5%, SPJT down ~13%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Coffee Day Enterprises CODE.NS jump 4.97% to 24.49 rupees, on track to snap seven sessions of losses

** Co settled outstanding debt of two debenture holders for 2.05 bln rupees ($23.6 mln), which will be paid in three tranches

** The repayment will include 550 mln rupees from sale of 12.41% of shares of unit Coffee Day Global to a third-party

** Stock up ~3% YTD

($1 = 86.7280 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Mahanagar Telephone Nigam MTNL.NS slump 7.7% to 45.14 rupees

** Telecom co said it has defaulted on payments to seven banks including Union Bank of India UNBK.NS, State Bank of India SBI.NS and Punjab National Bank PNBK.NS

** Its current total principal default amount to the banks stands at 77.94 bln rupees ($898 mln), overdue interest stands at 4.83 bln rupees

** Stock snaps two straight sessions of gains; eyes worst day in over five weeks

** MTNL gained 14.9% last week, it is down ~3% YTD

($1 = 86.7920 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Bharat Forge BFRG.NS jump 2.9% to 1,087.15 rupees

** BFRG, which makes safety and critical components for different sectors, said its unit entered a deal with Taiwan's Compal Electronics 2324.TW

** Deal for manufacturing platform servers used in central processing units of computers

** BFRG rated "hold" on avg, median PT at 1,225 rupees - data compiled by LSEG

** Stock down ~19% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Ambuja Cements ABUJ.NS climb 1.9% to 484 rupees, while Orient Cement ORCE.NS rises 2.3% to 334.95 rupees

** India's antitrust watchdog on Tuesday approved Ambuja's acquisition of Orient, months after the Adani Group company first announced the deal

** ORCE set for busiest trading session in over four months, with volumes at 6.8x the 30-day avg; ABUJ's vols relatively muted at about 0.3x its 30-day avg

** ABUJ on track to for biggest one-day gain in a month, ORCE for best day in more than 3 months

** ABUJ stock rated "buy' on avg, ORCE rated "sell" - data compiled by LSEG

** Ambuja and Orient are down about 11% and 4.5% YTD, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of diversified chemicals and agricultural products maker DCM Shriram DCMS.NS climb 6.5% at 983.7 rupees

** Co says it will evaluate options to restructure its agricultural inputs and building materials divisions to maximize growth

** Stock was down 0.4% ahead of the announcement, and is now on track for biggest one-day pct gain in over two months

** Stock trims YTD loss to 19.8%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Crompton Greaves Consumer Electricals CROP.NS climb as much as 2.2% to 328.35 rupees, last up 1.7%

** Co launched new fans, seeks to grow premium contribution to sales to 40% in near-term from 23%-24% currently - Elara Capital, citing analyst February 27 meet

** Adds CROP's new fans are priced at par with industry avg; co stocked up to meet strong demand anticipated this year

** Analysts at Centrum say co's growth will be lead by premium fans, appliances and lighting

** Stock snaps two sessions of losses

** CROP rated "buy" on avg, median PT at 460 rupees - data compiled by LSEG

** Year-to-date, CROP down ~19% vs 11% decline in Nifty 500 index .NIFTY500

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian industrial machinery and equipment maker KSB KSBL.NS climbs as much as 8.1% to 658 rupees

** Stock last up 5.9%; on track to log biggest intraday pct gain in 10 months

** Co reported 33% y/y rise in December-quarter consol profit; rev grew ~21% y/y

** Rev from mainstay pumps business grew ~19%, valves segment's rev rose ~32%

** KSB also recommended a final dividend of 4 rupees ($0.0458) apiece

** Stock eyes busiest trading session in 17 months, volumes at 28.5x the 30-day avg

** KSBL is top pct gainer on Nifty 500 index .NIFTY500, which is down 1.4%

** Year-to-date, KSBL, NIFTY500 down ~21%, 9%

($1 = 87.3520 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian cables and wires makers Polycab India POLC.NS, KEI Industries KEIN.NS and Havells India HVEL.NS plunge 13.7%, 10% and 7%, respectively

** UltraTech Cement said it will spend 18 bln rupees ($206.3 mln) to start wires and cables business

** Analysts at J.P. Morgan see ULTC's move as disruptive for the wires and cables industry as it can lead to increased competition

** The development will likely have a material impact on industry leaders' growth and margins beyond FY27 - HSBC

** Cuts price targets on POLC, HVEL and KEIN by 20%, ~7% and 20%

** POLC, HVEL, KEIN rated "buy" on average - data compiled by LSEG

** POLC hits lowest in nearly 11 months, HVEL at lowest level in a year, while KEIN slides an exchange-allowed maximum

** Year-to-date, POLC, HVEL, KEIN down ~21%, ~8% and 14%

($1 = 87.2530 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Bhagyanagar India BHIL.NS climb as much as 16.03% to 88.39 rupees, eyes best day in nearly three months

** BHIL got order for development of 53 megawatts solar power project in Maharashtra state

** Total investment of project at 2.45 billion rupees ($28 mln)

** Stock eyes busiest trading session in over a month, volumes at 3.7x the 30-day avg

** BHIL was up 1% before the announcement

** BHIL last up 8.2%; shares down ~21% YTD

($1 = 87.1550 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Niva Bupa Health Insurance NIVA.NS slides as much as 4.8% to 74 rupees, lowest in nearly a month

** Heath insurer says it is investigating if any customer data was leaked after an anonymous person claimed to have access to such data

** Adds, "As a matter of urgency, we continue to conduct investigation(s) of data leak and implement measures to mitigate the risk"

** Stock last down 3.6%; drops ~4% since debut on November 14, 2024

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of JM Financial JMSH.NS climb as much as 5.5% to 108.61 rupees; last up 2.9%

** Financial services firm will receive income tax refund of 2.3 billion rupees ($27 million)

** Stock up ~8% so far this week, on track to log biggest weekly gain since late-September

($1 = 86.5525 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of travel firm Thomas Cook THOM.NS gain 5.7% to 126.23 rupees

** THOM, with group company STOC Travel, signed a deal with Korea Tourism Organisation

** We aim to enhance engagement for South Korea as a premier travel destination for Indian travellers, Korea Tourism executive said

** Year-to-date, THOM down ~36%, peers Yatra Online YATR.NS and Easy Trip Planners EASM.NS fall 32%, 20%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Indian IT firm Hexaware Technologies' HEXW.NS shares climb as much as 10%, more than expected, on first day of return to stock market

** Stock opened at 745.5 rupees vs IPO price of 708 rupees; last up 8.4% at 766.95 rupees

** The $1 bln IPO was bolstered by institutional investors; lack of retail interest had led to expectations of a muted debut

** JM Financial starts with "buy" and PT of 820 rupees

** Says Hexaware's "strategy of going after scalable clients with a wider bouquet of services has helped them hunt as well as farm well", much like 'buy'-rated midcap peer Coforge COFO.NS

** JM values HEXW at 30x 24-month forward EPS, a 10% premium to midcap IT sector, but a "justified" 25% discount to Coforge -similar to levels before Hexaware went private in 2020

** Coforge's forward 12-month PE is 2nd-highest on 10-member IT index .NIFTYIT - LSEG data

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of ABB India ABB.NS climb 3.9% to 5,447.6 rupees; on track to snap three-session losing streak

** Engineering solutions firm's Q4 profit jumped ~56% y/y on strong demand in its electrification and motion businesses

** The segments contribute 78% of total rev, which grew 22% y/y

** Co also recommended a final dividend of 33.5 rupees

** Over 930,000 shares traded, 2.4x the 30-day avg

** Peers Siemens SIEM.NS, Cummins India CUMM.NS also reported higher quarterly profit earlier in the month

** ABB, SIEM, CUMM rated "hold" on avg - data compiled by LSEG

** Year-to-date, ABB, SIEM, CUMM down 21%, 25%, ~18%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of auto-parts maker Samvardhana Motherson SAMD.NS slip ~2% to 123.81 rupees

** At least 11 brokerages cut price targets on stock after Q3 results missed estimates on Friday, hurt by weak global car sales, per data compiled by LSEG

** Brokerages including J.P. Morgan, Nomura, Citi Research said global auto demand remains weak in near-term on production delays, uncertainty around U.S. tariffs

** Investec says co is not "out of the woods yet" as macroeconomic demand challenges continue

** Some analysts flag positive growth momentum in co's emerging businesses segment, which includes electronics and aerospace segments and on management strategy to focus on acquisitions

** Mean PT of 19 brokerages falls to 162.43 rupees from 179.26 rupees before results - data compiled by LSEG

** Stock down ~21% YTD, it rose 53% in 2024

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's Nifty Energy index .NIFTYENR and Nifty Oil & Gas .NIFOILGAS trade down 1.1% and 1.3%, respectively

** Both have dropped 5.7% and 4.9%, respectively, in the past four sessions amid a broader sell-off in markets, with the benchmark Nifty 50 .NSEI down 2.6% during the same period .BO

** Heavyweights Reliance Industries RELI.NS and ONGC ONGC.NS down 3.4% and 8.7%, respectively, during the period

** Concerns over global trade war after U.S. President Donald Trump said on Sunday he would impose reciprocal tariffs on several nations continue to rattle Indian stocks

** Oil India OILI.NS has dropped ~3% since February 10 on missing Q3 profit estimates; Gujarat Gas GGAS.NS down 13% since February 6 after lower Q3 results and as analysts flagged headwinds

** Eleven of 13-major sectoral indexes are trading in red on the day

** Year-to-date, NIFTYENR, NIFOILGAS, NSEI have lost 11.5%, 7% and 3%, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Amara Raja Energy & Mobility AMAR.NS falls 3.4% to 997.7 rupees

** Co on Sunday reported drop in Q3 EBITDA margin to 12.4% from year-ago 15%

** Post earnings call, Morgan Stanley says battery maker's management seeing continued margin headwinds in Q4 from currency depreciation, fuel purchase agreements

** J.P. Morgan lowers valuation of co's cell business from 278 rupees/share to 199 rupees/share on delay in co's gigafactory commissioning

** Motilal Oswal cautious about potential returns from co's lithium-ion initiative

** At least six brokerages, including J.P. Morgan and Motilal Oswal, cut PT after earnings call - LSEG

** Stock rated "hold" on avg

** AMAR down ~17% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian metal stocks .NIFTYMET drop 2.5%, with 13 of the 15 constituents trading in red

** Metals index is the biggest pct loser among 13 major sectoral indexes; benchmark Nifty 50 .NSEI down 0.43%

** U.S. President Donald Trump on Sunday said he would impose 25% tariffs on U.S. steel and aluminium imports, adding to existing duties

** JSW Steel JSTL.NS and Adani Enterprises ADEL.NS are top losers on metals index, down 2.8% and 1.2%

** The index is down about 3% so far this year vs a near-1% loss in Nifty 50

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Hero MotoCorp HROM.NS gains as much as 2.1% to 4,319.95 rupees in early trade, last up ~1%

** HROM's Q3 profit beat estimates on higher sales of mid-level models such as the "Xtreme 125R"

** India's top motorcycle maker by volumes declares dividend of 100 rupees ($1.14)/share

** Rivals TVS Motor TVSM.NS, Bajaj Auto BAJA.NS reported profit misses, but analysts cheered exports, margin outlook

** HROM, TVSM, BAJA rated "buy" on avg - LSEG

** HROM down 2.5% so far this week

($1 = 87.4710 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** State Bank of India SBI.NS drops 0.7% ahead of Q3 results later in the day

** On avg, analysts expect lender to report Q3 profit of 164.72 bln rupees ($1.88 bln), per data compiled by LSEG

** SBI's net profit came in at 91.64 bln rupees a year ago after taking a one-time hit of 71 bln rupees related to provisions for wage revisions and pension costs

** PL Capital sees the state-run lender outperforming private peers; expects SBI's loans to rise 13% y/y

** Elara Capital says, "We expect co to deliver strong loan growth in Q3, supported by growth in retail and SME segments"

** Peers HDFC Bank HDBK.NS and ICICI Bank ICBK.NS and Kotak Mahindra Bank KTKM.NS posted strong Q3 results

** SBI, HDBK, ICBK and KTKM rated "buy" on avg - LSEG

** YTD, SBI down 4%

($1 = 87.5400 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Swiggy SWIG.NS falls ~2% ahead of Q3 results later in the day

** This will be food and grocery delivery firm's first quarterly report since going public in November 2024

** Analysts expect consol loss of 6.17 bln rupees ($70.8 mln), per data compiled by LSEG

** Co's Q2 consol loss was 6.26 bln rupees

** ICICI Securities sees 20% y/y rise in SWIG's food delivery gross order value (GOV)

** Expects quick-commerce (QC) segment GOV to grow 108.9% y/y

** Anand Rathi Research says QC segment's EBITDA margins will contract 80-100 bps q/q on heightened competition, rival Zepto's relentless cash burn

** Last month, SWIG dropped below IPO price (390 rupees) for the first time

** Rival Zomato ZOMT.NS's Q3 profit more-than-halved on rising competition in QC, increased expenses

($1 = 87.1200 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Bharat Wire Ropes BHWR.NS slide as much as 6.2% to 165.5 rupees, their lowest in nearly two years

** Steel wire ropes maker's Dec-qtr net profit fell ~44% y/y to 148.8 mln rupees ($1.7 mln)

** Expenses grew 16%, outpacing a ~3% rise in rev from ops

** Stock last down 4.7%; it has fallen ~27% since its reporting Sept-qtr results on Oct. 28

($1 = 87.1075 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Eicher Motors EICH.NS gains as much as 3.4% to a record high of 5,575.5 rupees; last up ~1%

** Royal Enfield motorcycle maker's total sales jumps 20% y/y in January

** Rivals Hero MotoCorp HROM.NS, Bajaj Auto BAJA.NS log 2% and 7% rise in total sales in the period, respectively

** HROM, BAJA down 0.6% and 1.3%

** EICH, HROM, BAJA rated "buy" on avg - LSEG

** Eicher Motors among four stocks trading in green on 15-member Nifty auto index .NIFTYAUTO, which is down ~0.7%

** EICH up ~14% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of India's Apex Frozen APEX.NS, Zeal Aqua ZEAQ.BO, Coastal Corporation COAS.NS and Kings Infra Ventures KIVL.BO up between 4.4% and 9.3%

** India will introduce framework for sustainable harness of fisheries in the exclusive economic zone, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Larsen and Toubro (L&T) LART.NS climb 3% to 3,523.5 rupees; among top gainers on Nifty 50 index .NSEI, which is up 0.34%

** Infra major reported 53% y/y growth in orders in Q3 to an all-time high of 1.16 trln rupees ($13.39 bln)

** Company management said it sees LART reporting higher than the previously guided 10% annual growth in orders for FY25

** There is reasonable likelihood of L&T exceeding its guidance, we expect the market to look at the stock more favourbaly - Morgan Stanley

** Strong order execution, cash flow management should lead to a beat on rev growth guidance of 15% for FY25 - J.P.Morgan

** At least five brokerages increased ratings and raised price targets on the stock after results, as per LSEG data

** Analysts' avg rating on stock is "buy", median PT is 4,094 rupees - LSEG data

** LART down 1.7% so far in Jan. vs 1.5% drop in NSEI

($1 = 86.6375 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Bharat Electronics BAJE.NS climb 3.3% to 276 rupees

** Electronic equipment maker's Q3 revenue and profit beat estimates

** BAJE's sales in the quarter likely grew 21% year-on-year on better execution of orders, analysts at Elara Capital said

** Stock rated "buy" on avg, median PT of 345 rupees - data compiled by LSEG

** Stock was up ~1% ahead of results

** About 29.8 mln shares traded, 2.1x the 30-day avg

** BAJE down 6.5% so far in Jan., on track for biggest monthly fall since March 2021

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of JSW Energy JSWE.NS down 7.2% to 467.95 rupees, their lowest levels since mid-March

** The power producer reported an over 27% y/y drop in Q3 consol net profit at 1.68 bln rupees ($19.4 mln) on tepid domestic power demand

** Analysts at Jefferies retain "buy" on stock, cut price target (PT) by ~21% to 680 rupees - a 35% upside on last close

** Q3 EBITDA was sharply lower than expected as reduced prices and flattish fuel costs hurt - Jefferies

** Drop in earnings due to overall softness in the merchant market due to sluggish power demand growth - Antique Stock Broking

** Slashes PT by ~11% to 563 rupees, keeps "hold" rating

** Stock eyes busiest trading session in a month, volumes at 3.3x the 30-day avg

** Stock gained 57% in 2024 vs ~28% rise in Nifty next 50 index .NN50

($1 = 86.6000 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))