TEJAS , HFCL, ITI , STERLITE TECH ; Govt Approves ₹3.22 Lakh Cr Revival Package for BSNL

• 🏛️ Massive Revival Plan: Centre sanctions ₹3.22 lakh crore support package for BSNL across three phases.

• 💰 Financial Support: Includes capital infusion, debt restructuring, and funding for rural telecom services.

• 📡 Spectrum Allocation: BSNL receives spectrum in 700, 800, 1800, 2100, 2500 & 3300 MHz bands.

• 📶 Network Expansion: Spectrum to support 4G expansion and future 5G rollout.

• 📈 Operational Turnaround: Govt says revival steps have helped BSNL return to operating profits since FY21.

🟢 Impact: Positive (Sector Support)
Government backing strengthens BSNL’s competitiveness and rural connectivity, though it may increase competition for private telecom operators.

‼️China 🇨🇳 now needs $6 of new debt to generate $1 of GDP growth, up from $1 two decades ago.

With population decline, 340% debt-to-GDP, and weak productivity, Beijing is propping up growth by dumping cheap exports globally.

The CCP model has collapsed spectacularly.

Middle East Conflict

Kuwait international airport targeted by multiple drones, infrastructure damaged

https://shorturl.at/gyTRd

MTAR Tech: Clean Energy & Nuclear Powerhouse

Bloom Energy Partnership
- 15-year tie-up with wallet share 50-60% in hotbox supply
- Capacity ramp: 8,000 → 12,000 units FY26, 20,000 units FY27
- Clean energy revenue: ₹417 Cr FY25, ₹637 Cr FY26 expected

Nuclear Upside
- ₹500+ Cr order for Kaiga Units 5 & 6
- ₹1,500-2,000 Cr nuclear opportunity pipeline

Key Metrics
- 60%+ revenue from exports
- Mcap: ~₹10,996 Cr | TTM Sales: ~₹753 Cr | EV/EBITDA: 73.9x

Key Takeaway
MTAR's Bloom capacity expansion + nuclear pipeline positions it for explosive clean energy growth amid global export strength.

Corporate Actions

Jagsonpal Pharmaceuticals approved a proposal to buyback up to 16,00,000 equity shares represents 2.4% of the total equity shares for an aggregate amount not exceeding ₹ 40 crores at buyback price of ₹250/- per Equity Share through Tender Offer method, subject to shareholders approval.

Dividend

13-Mar-26
IRFC: Interim Dividend - Rs. - 1.05
RAILTEL: Interim Dividend - Rs. - 1.00
TTC: Interim Dividend - Rs. - 5.00

16-Mar-26
DICIND: Final Dividend - Rs. - 3.00

IPO
Raajmarg Infra Investment Trust: Open: 11-Mar-26; Close: 13-Mar-26
Innovision: Open: 10-Mar-26; Close: 17-Mar-26
GSP Crop Science: Open: 16-Mar-26; Close: 18-Mar-26

Buyback
Puretrop Fruits: Ex-Date: 10-Apr-26

Bonus Issue
eClerx Services: Bonus Issue 1:1; Ex-Date: 13-Mar-26
Frontier Springs: Bonus Issue 2:1; Ex-Date: 13-Mar-26
RM Drip and Sprinklers System: Bonus Issue 5:7; Ex-Date: 07-Apr-26

Stock Split
Hindusthan Urban Infra.: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Mar-26
PVV Infra: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 27-Mar-26

Right Issue
5paisa Capital: Ex-Date: 17-Mar-26
Onelife Capital Advisors: Open: 23-Feb-26; Close: 16-Mar-26
AVI Polymers: Open: 23-Feb-26; Close: 17-Mar-26
Bhandari Hosiery Exports: Open: 06-Mar-26; Close: 20-Mar-26
Enbee Trade & Finance: Open: 12-Mar-26; Close: 20-Mar-26
Healthcare Global Enterprises: Open: 11-Mar-26; Close: 25-Mar-26
BCC Fuba India: Open: 19-Mar-26; Close: 27-Mar-26
Prabha Energy: Open: 20-Mar-26; Close: 27-Mar-26
Supra Pacific Financial Services: Open: 20-Mar-26; Close: 27-Mar-26
5paisa Capital: Open: 27-Mar-26; Close: 10-Apr-26

MARKETS: 3RD DAY SLIDE CONTINUES

Index Action
- Nifty/Sensex -0.8%
- Weekly loss: 4%; March YTD: -7%

Sector Bloodbath
- Metals, Auto, Banks, IT down >1%
- Top Nifty Losers: Tata Steel, L&T, UltraTech, HDFC Bank, Indigo, Infosys

Sector Standouts
- Gainers: Power Grid, Coal India, ITC
- Power theme hot: NTPC Green, Adani Total Gas, Adani Power +4%

Key Takeaway:
Broad selloff spares power/coal—defensive rotation accelerates.

Laurus Labs In Focus – Big Fall In Export Data

Export data falls 47% YoY to $36 million in February 2026

W.e.f. today, the US has lifted sanctions on Russian oil.

India had already been proactive on this front — nearly half of our crude oil imports now come from Russia, ensuring energy security.

On the gas front, India has boosted domestic production and secured long-term supply arrangements with Canada, the US, and Norway.

Meanwhile, PM Modi spoke with Iran’s President yesterday. While discussions are ongoing, it’s notable that two Indian ships successfully passed through the Strait of Hormuz two days ago (per NDTV & Reuters).

As US Colonel Douglas Macgregor recently remarked:

“The only leader who maintains good relations with both Israel and Iran is Narendra Modi. India is growing in power & influence”

Rs 24 lakh Crore Selloff

Nifty falls 3,000 points from Jan 2 peak: check top losers

https://tinyurl.com/yc2455fp

Sansera Engineering In Focus

This multibagger company is powering Airbus and Boeing with a Rs 3,800 crore order backlog.

https://tinyurl.com/bdffr6k3

Watch Mr. Lokesh Sethia Live in Discussion on ET NOW SWADESH https://www.youtube.com/live/pCAtop42Lgc?si=J8H6gdPHLu5LG74K

What should be the Strategy in this tough time...Watch Mr. Lokesh Sethia speaking Live on ET NOW SWADESH

https://www.youtube.com/live/pCAtop42Lgc?si=J8H6gdPHLu5LG74K

India's GDP Forecast

Goldman Sachs lowers 2026 forecast to 6.5%; Fitch sees growth at 7.5%

https://shorturl.at/E7XJG

New Orders Received

🟢 JK Lakshmi Cement has been declared the preferred bidder for the Juipahar Limestone Block (A and B) in Assam, covering 405 hectares.

🟢 VA Tech Wabag bagged a Mega PPP order from CMWSSB for a 45 MLD TTRO plant in Chennai, involving 18 months of refurbishment followed by 18.5 years of operations.

🟢 Enviro Infra Engineers secured a ₹411 Cr sewerage EPC project from Bihar Urban Infrastructure Development Corporation under AMRUT 2.0.

🟢 Aarti Industries secured a USD 150 million medium-term supply contract with a global agrochemical major valid until March 2030.

🟢 Ceigall India emerged as L1 bidder for 4 MoRTH road EPC projects in Arunachal Pradesh with an aggregate bid cost of ₹2,149.62 Cr (74% JV share).

Core Business & Regulatory

🔴 Zomato and Swiggy services have been disrupted in Andhra Pradesh

🟢 TVS Motor launched the TVS Orbiter V1 electric scooter starting at ₹49,999 along with a Battery-As-A-Service model across its EV lineup.

🟢 Zydus Lifesciences launched AI-powered Continuous Glucose Monitoring devices Diasens and GlucoLive developed with TatvaCare.

🔴 Balaji Amines says the Middle East war has disrupted LNG supply causing an ammonia shortage that is impacting operations.

🟢 Wanbury received Brazilian ANVISA approval for Sertraline Form II, strengthening its 75% market share in Brazil.

Economy, IPO & Other

🔴 India’s February inflation rose to 3.21% from 2.75% in January.

🟢 NSE has appointed Morgan Stanley and 19 others for its India IPO.

🟢 BSNL is receiving ₹3.22 lakh Cr worth of government revival packages covering capital infusion, debt restructuring, and viability gap funding for rural telephony.

Worst performaning month after March 2020

🚨 BREAKING: Mark Zuckerberg’s Meta plans biggest layoffs in its history with 15,000+ job cuts, brutal AI spending shock hits 20% workforce

https://timesofindia.indiatimes.com/technology/tech-news/mark-zuckerbergs-meta-plans-biggest-layoffs-in-its-history-with-15000-job-cuts-and-the-reason-is/articleshow/129568896.cms

Weekend learnings:

Real Estate
• NRIs purchased properties worth ₹5,250 crore from DLF between April–December, accounting for nearly one-third of DLF’s total sales, with majority share coming from Gurgaon projects.
• Early signs of stress emerging in the secondary market for ultra-luxury residential projects, where resale demand is softer.
• Tier-II cities are witnessing strong price appreciation, particularly Ayodhya, Vrindavan, Amritsar and Nagpur, driven by infrastructure boost, religious tourism and improving connectivity.

Indian Equities
• Market valuations are now close to COVID-era levels. Prominent investors such as Raamdeo Agrawal, Samir Arora and Rajeev Thakkar have indicated they are actively deploying both personal and client cash, particularly in smallcaps…

Geopolitics & Energy
• The U.S. reportedly targeted military infrastructure near Kharg Island, a strategic Iranian oil export hub responsible for nearly 90% of Iran’s oil shipments, while also deploying ~2,500 additional marine guards to the Middle East.
• Iran’s FM has stated that the Strait of Hormuz remains open for vessels not linked to the U.S. or Israel.

Global Tech
• Meta Platforms is reportedly considering reducing around 20% of its workforce, following the major layoffs undertaken in 2022.
• Sam Altman of Chatgpt recently commented that AI intelligence may become a utility similar to electricity or water, where users pay for access on a usage-based model.

Domestic Politics & Fuel Outlook
• Dates for four state elections (West Bengal, Assam, Tamil Nadu & Kerala) and UT- Puducherry have been announced.
• If the Middle East tensions persist post-elections, there is a possibility of upward pressure on domestic petrol and diesel prices due to elevated global crude prices.

IPOs This Week

GSP Crop Science, Coal India subsidiary to issue shares

https://shorturl.at/m8zQd