STALLION

April 8 (Reuters) - Stallion India Fluorochemicals Ltd STAF.NS:

• STALLION INDIA FLUOROCHEMICALS - NAMES VIRENDERKUMAR MEHTA AS CFO

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Further company coverage: STAF.NS

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** Shares of Indian chemical makers SRF SRFL.NS, UPL UPLL.NS drop 5.1% and 1.6%, respectively, while Navin Fluorine NAFL.NS plunged 5.4%

** Deepak Nitrite DPNT.NS down 2.4%

** U.S. President Donald Trump imposed 26% reciprocal tariffs on Indian imports as part of his wider plan to levy a 10% baseline tariff on all imports from April 5

** Sectors including chemicals likely to take major hit from the broader tariffs, analysts at Nirmal Bang said in a note

** Chemicals account for about 4.01% of India's exports share to the U.S. - Nirmal Bang

** SRFL, DPNT rated "hold" on avg, UPL, NAFL rated "Buy" - data compiled by LSEG

** Year-to-date, SRFL, UPLL, NAFL, up 33%, ~31%, ~31%, while DPNT down ~19%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Ganesh Benzoplast GNSB.NS jump as much as 5.8% to 119.83 rupees, last up 2.9%

** The liquid storage tank provider bagged order for engineering, manufacturing, supply and construction of a chemical tank project

** Order valued at 1.69 billion rupees ($19.73 million)

** Year-to-date, stock down ~15%

($1 = 85.6420 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Indian telecom firm Vodafone Idea's shares VODA.NS surged 10% to 7.48 rupees in early trade

** Indian government to raise stake in the company to about 48.99% from 22.6% by converting 369.5 billion rupees ($4.32 billion) in outstanding spectrum auction dues into equity

** Government asks VODA to issue shares at 10 rupees apiece - a 47% premium on the last closing price

** Stock rated "Hold" on avg vs "Buy" rating on larger rivals Bharti Airtel BRTI.NS - data compiled by LSEG

** Year-to-date, VODA down ~6%, BRTI up ~9%

($1 = 85.4830 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Shares of India's auto parts suppliers to Tesla TSLA.O drop between 4.5% and 7.6% after U.S. President Donald Trump unveiled 25% tariff on all car and auto parts imports

** Sona BLW SONB.NS, Tesla's biggest India supplier, down as much as 6.8%

** Samvardhana Motherson SAMD.NS and Bharat Forge BFRG.NS fall as much as 7.6% and 4.5%, respectively

** Tariffs on car imports are set to take effect from April 2, while those on parts from May 3

** Auto component companies have significant global exposure in the range of 30%-80% of their revenues and change in U.S. tariffs is a risk for them - J.P.Morgan

** SAMD, SONB rated "buy" on avg, BFRG rated "hold" - data compiled by LSEG

** Year-to-date, SAMD, SONB and BFRG down ~14%, ~17% and ~9%, respectively

(Reporting by Manvi Pant in Bengaluru)

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** Carraro India CARD.NS slides 8.5%; Ventive Hospitality VENE.NS drops ~5%

** Senores Pharma SENO.NS down 3% and Tolins Tyres TOLI.NS flat

** 3-months lock-in expires for VENE (2% shares), CARD (5%) and SENO (7%); and 6-month lock-in expires for TOLI (54%), per Nuvama

** Since Dec 30 listings, VENE up 10% and SENO surges ~47%, while CARD tumbled 55%

** TOLI slides 49% since Sept 16 listing

** 72 lock-ins expire from March 17 to May 30 but not all shares will be for sale given promoters' sizeable stakes -Nuvama

(Reporting by Manvi Pant in Bengaluru)

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** Brigade Enterprises BRIG.NS climbs as much as 6.5% to at 1,057.85 rupees, nearly 6-week high

** Real estate developer buys 4.4-acre land parcel in Bengaluru for premium residential project

** Project's gross development value is 9.5 bln rupees (~$111 mln)

** Over 526,000 shares traded vs 30-day avg of 352,687

** Stock top gainer on Nifty realty index .NIFTYREAL, which is up 0.22%

** BRIG rated "buy" on avg, same as peer Oberoi Realty OEBO.NS and Godrej Properties GODR.NS, per data compiled by LSEG

** YTD, BRIG, OEBO, GODR down 20%, ~28% and 21%, respectively

($1 = 85.6820 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** 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)

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** 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)

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** Shares of Jio Financial Services JIOF.NS climb 2.2% to 230.17 rupees, extending gains to the second straight session

** The Economic Times newspaper reported that German insurer Allianz ALVG.DE is stepping up efforts for a deal with Jio Financial, citing people in the know

** On Monday, Reuters reported that Allianz was exploring a possible venture with JIOF after plans to sell stake in two India JVs

** Shares jumped 2.6% a day after the report, they have gained ~5% in the two sessions

** Jio Financial and Allianz did not immediately respond to Reuters' request for comment

** JIOF down ~25% YTD

(Reporting by Manvi Pant in Bengaluru)

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** Indian multiplex operator PVR Inox PVRL.NS jumps 4.3% to 940 rupees, on track to log best day since mid-August

** Brokerage Nuvama says February 2025 has been the highest-grossing February post-pandemic for the Bollywood film industry with box-office collections of 12.45 bln rupees (~$144 mln)

** Adds, promoters have slightly increased their stake by 0.03%, which is small but sends a positive signal to minority investors, especially after previous rounds of stake sales and pledged shares

** Says box-office collections in January-February jumped 39% y/y to 22.64 bln rupees, led by the release of "Chhaava" movie

** 19 analysts covering the stock on avg have a "buy" rating; median PT is 1,600 rupees - data compiled by LSEG

** Day's gains trim monthly fall, stock now down 0.3% in March

($1 = 86.7140 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Indian automotive tech firm KPIT Technologies KPIE.NS jumps 4.2% to 1,257 rupees

** Co said Qualcomm Ventures, the venture capital arm of Qualcomm QCOM.O, will become minority shareholder in KPIE's joint venture company Qorix GmbH

** Qorix GmbH is KPIE's JV with German technology manufacturing company ZF Friedrichshafen ZFF.UL

** Qualcomm Ventures will have an option to increase shareholding in JV by up to 10 million euros ($10.9 million), it did not disclose the initial shareholding details

** KPIE stock is rated "buy" on avg, median PT at 1,580 rupees - data compiled by LSEG

** KPIE down ~18% YTD

($1 = 0.9189 euros)

(Reporting by Manvi Pant in Bengaluru)

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** Indian multiplex operator PVR Inox PVRL.NS gains as much as 2.9% to 980.35 rupees

** Kotak Institutional Equities says PVRL stock's recent correction is overdone; upgrades stock to "buy"

** PRVL stock fell 17% in February, logging its fifth straight monthly loss

** Brokerage says recent correction in stock due to continued weakness in box office collections, expects Hollywood releases to drive collections in FY26

** Even as the overall content cycle in multiplex chains remains depressed, PVRL's cost optimisation and expansion strategies are noteworthy - Kotak

** Brokerage cuts fair value to 1,200 rupees from 1,300 rupees to factor in delays in bollywood recovery

** PRVL stock up 5.4% so far this week; on track to log biggest weekly gain since early November, if current trend holds

** Stock rated "buy" on avg, median PT at 1,655 rupees - data compiled by LSEG

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Hitachi Energy India HITN.NS rise 6.8% to 13,010.8 rupees, and on track for their best day in more than a month, if gains hold

** Goldman Sachs keeps "buy" rating, hikes price target on stock by 61.8% to 13,350 rupees apiece - a 9.5% premium on last close

** GS sees potential of more order wins in high voltage transmission segment, industries segment and data centres

** "We find more room for margin to expand alongside rising orders amid expanding demand for both the domestic and export market," GS analysts say

** Expects HITN to be significant beneficiary of rising grid and non-grid transmission equipment demand over FY32-FY50

** HITN rated "hold" on avg, median PT at 14,175.5 rupees - data compiled by LSEG

** Stock among top five pct gainers Nifty energy index .NIFTYENR, which is up 2.8%

** Year-to-date, HITN, NIFTYENR down 15%, 12%

(Reporting by Manvi Pant in Bengaluru)

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** 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)

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** Shares of Ola Electric Mobility OLAE.NS slide as much as 5.5% to 53.71 rupees, their lowest level on record

** Co will laying off more than 1,000 employees and contract workers, Bloomberg News reported, citing people familiar with the matter

** The company did not immediately respond to a Reuters request for comment

** OLAE is rated "hold" on avg, median PT at 76 rupees - data compiled by LSEG

** Stock has fallen ~40% since listing on August 9; last down 3.2%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of multi-specialty hospital Artemis Medicare Services ATEM.NS fall 4.2% to a four-month low of 240.3 rupees

** Centrum Broking cuts price target on the stock by ~26% to 290 rupees, but keeps "buy" rating after discussions with co's management

** Says co's ongoing expansion plans in Raipur will require additional investments, which will put pressure on profitability in near to medium term

** Adds Raipur facility to be operational by Q3FY26 and will be loss-making for first 3 years; Centrum expects facility to breakeven by FY29

** We remain positive on long-term growth prospects - Centrum

** Stock down 20% YTD

(Reporting by Manvi Pant in Bengaluru)

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Updates levels, adds RR Kabel

** Indian cables and wires makers Polycab India POLC.NS, KEI Industries KEIN.NS plunge ~19% and ~21%, respectively, hitting lowest levels in nearly 11 months

** Havells India HVEL.NS slides 6% to lowest level in a year

** R R Kabel RRKA.NS falls ~20% to record low; shares debuted in September 2023

** UltraTech Cement ULTC.NS said it will spend 18 bln rupees ($206.3 mln) to start wires and cables business; ULTC down ~5%

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

** HSBC says ULTC's foray into the sector will likely have a material impact on industry leaders' growth and margins beyond FY27

** HSBC cuts price targets on POLC, HVEL, KEIN and RRKA by 20%, ~7%, 23%, 21%

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

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

** KEIN, RRKA have declined 14% and 23%, YTD

($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;))

** Shares of Jagsonpal Pharmaceuticals JGSN.NS slide as much 4.4% to 210.03 rupees, last down 1.1%

** Drugmaker gets U.S. FDA warning letter related to drug listing, establishment registration after plant inspection

** Co estimates sales hit worth 35 mln rupees ($403,960) so far in current fiscal year

** Stock down 10% YTD, it logged five straight years of gains till 2024

($1 = 86.6420 Indian rupees)

(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)

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** Shares of state-run engineering and consulting co RITES RITS.NS climb 4% to 221.85 rupees

** Co signed deal with Indian government for services and projects involving water infrastructure

** Stock among top five pct gainers on Nifty small-cap index .NIFSMCP100, which is up 0.7%

** RITS rated "buy" on avg, median PT is 301 rupees - data compiled by LSEG

** Stock eyes busiest trading session in nearly seven weeks, volumes at 4.1x the 30-day avg

** Year-to-date, RITS down ~24% vs ~17% fall in NIFSMCP100

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian IT exporter Hexaware Technologies HEXW.NS climbs 9.5% on its first day of trading

** Stock opened at 745.5 rupees, 5.3% higher than IPO price of 708 rupees

** Its $1 bln IPO was subscribed by 2.66 times; portion set aside for institutional investors subscribed 9.09 times

** Anchor investors bought shares worth 25.98 bln rupees ($299 mln) ahead of bids on February 11

** IPO consisted of existing shareholder CA Magnum Holdings, affiliate of Carlyle Group CG.O, offloading 87.5 bln rupees worth shares

** Public offering did not include fresh issue of shares

** At current levels, stock valued at 470.36 billion rupees ($5.41 billion) vs target valuation of $4.96 billion

($1 = 86.9040 Indian rupees)

(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)

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** Shares of manganese ore miner MOIL MOIL.NS gain as much as 3.4% to 311.3 rupees; set to snap three straight sessions of losses

** MOIL's Q3 net profit jumps ~18% y/y on higher prices for its finished products

** Rev from ops rises ~20% y/y, expenses surge ~23%

** Co also declared an interim dividend of 4.02 rupees apiece

** Stock last up 1.1%; it is down about 7% since Q2 results on October 25

(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;))

** Gujarat Gas GGAS.NS slips 3.4% to 444.8 rupees

** CLSA says co cuts FY25 EBITDA outlook to 4.5-5.5 rupees/standard cubic meter (SCM), citing higher discounts on propane gas, lower vols

** Sees significant headwinds for co over next few quarters

** Co's previous FY25 EBITDA outlook was 5-6 rupees/SCM

** J.P. Morgan says pressures from competing fuels, rising gas purchase costs likely to sustain in near-term

** PhilipCapital says volatility in sales from Morbi plant further clouds FY26 growth outlook

** At least 12 brokerages, including PhilipCapital, CLSA and J.P. Morgan, cut PT post February 7 earnings call - LSEG

** Mean PT of 28 brokerages slips to 492.32 rupees from 514.22 rupees earlier

** Stock rated "hold" on avg, same as peer Indraprastha Gas IGAS.NS; Mahanagar Gas MGAS.NS rated "buy"

** YTD, GGAS down ~6%

(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;))