STOCKS IN NEWS

• JSW Steel: Shares of JSW Steel gained over 1% after the company launched its ₹65,000 crore integrated steel plant project in Odisha. Spread across nearly 2,950 acres along Odisha’s coastline, the project is expected to benefit from strong port connectivity, logistics infrastructure, and easy access to raw materials for both domestic and export markets.

• Ola Electric Mobility: Ola Electric has received regulatory approval for a new L1-category electric scooter aimed at the commercial mobility segment. The scooter is powered by a 4-kilowatt motor and can achieve a top speed of around 70 kmph.

• KEC International: The RPG Group company secured fresh orders worth ₹1,300 crore across India and the Americas, largely driven by its transmission and distribution business. The company also won contracts for an automobile manufacturing facility in North India and a 150+ MW wind energy project.

• Swiggy: Swiggy has defended its proposed governance changes and founder-linked board nomination rights after shareholders rejected amendments to its Articles of Association tied to its Indian-Owned and Controlled Company (IOCC) plans. The company clarified that the proposal is aimed at ensuring strategic alignment and domestic board representation rather than concentration of power.

• Senco Gold: Senco Gold reported a sharp 151% jump in consolidated net profit to ₹157 crore in Q4FY26, supported by strong wedding season demand, old gold exchange programmes, and higher gold prices. Revenue from operations rose 45% YoY to ₹1,997 crore, while EBITDA more than doubled to ₹274 crore. EBITDA margin improved to 13.7% from 9.2% a year ago.

• Cummins India: Cummins India posted a 25% rise in standalone Q4FY26 profit at ₹650 crore compared to ₹521 crore in the year-ago period. Quarterly sales increased 22.7% to ₹2,963 crore. For FY26, PAT rose to ₹2,330 crore from ₹1,906 crore last year, with the company reporting record revenue and profitability driven by strong domestic and export demand.

• Mphasis: The IT services company has launched “Tria,” an AI-powered platform designed to offer artificial intelligence-driven IT services to enterprises. Mphasis stated that it invested around 1.5% of its revenue over the past two years to build AI capabilities for the platform.