Morning Market Report – Stocks to Watch

(+ve): Discontinued its 1GB/day ₹249 plan. With Jio already hiking, Vodafone Idea likely to follow, setting a floor for tariffs – positive for telecom earnings. (-ve): Gaming Bill to be tabled in Parliament today. Stricter regulations could impact online gaming companies, weighing on sentiment. (+ve): Gained 11% yesterday as it has limited online gaming exposure. Seen as a safer play in this space. & Defense Stocks (+ve): Govt cleared ₹62,000 cr deal for 97 Tejas Mk1A jets. Strong order pipeline boosts confidence in HAL and defense sector. Textiles (+ve): Govt exempts customs duty on cotton imports till Sept 2025. Yarn and spinning players expected to benefit from lower costs. , Travel & Tourism (+ve): India-China to resume direct flights. A strong positive for airlines, tourism, and visa services. (+ve): AGM commentary upbeat. On track to reach 200 MTPA capacity by FY26, a year earlier than planned. Reflects robust demand outlook. (+ve): Signs strategic deal with Chemours to support chemical growth in India. Adds to long-term visibility. Endurance Tech (+ve): Approves ₹136 cr capex for ABS and brake systems expansion. Positive for future growth in auto-ancillary space. & Refiners (-ve): Negative global commentary on Russian oil buying could impact refining margins and weigh on sentiment. Key Themes Today Telecom: Tariff hike cycle supportive for earnings. Defense: Strong government order flow keeps sector in focus. Textiles: Duty relief helps margins. Travel: Flight resumption with China to lift aviation. Gaming: Regulation risk for online players, while Delta Corp gains. This report is for informational purposes only and not investment advice; please consult your financial advisor before acting.