*Key Stock Updates* 🔸 *Ashok Leyland* bags an order worth ~₹183.8 crore from Tamil Nadu State Transport Corporation to supply 543 BS VI diesel buses (chassis & fully built), for delivery between June–December 2025. *🔍 Our View:* * Follows earlier orders worth ~₹345.6 crore (Dec’24) and ~₹123 crore (Feb’25) from the same entity. * With infra capex, ageing fleets, and rising replacement demand, the bus segment remains the domestic CV growth driver. * Growing order book should help reverse the FY26 YTD volume dip of 6.6% YoY. 🔸 *Tata Motors* unveils Harrier EV (launch: June 3), starting at ₹21.49 lakh. Offers real-world range of 480–505 km with 65 & 75 kWh battery options. Bookings open July 2. *🔍 Our View:* * TML remains PV EV leader, though growth has slowed. * May EV volumes stood at 5,685 units (+2% YoY). * Harrier EV launch may revive momentum. Strong lineup and pricing support TML’s position despite rising competition. 🔸 *Yes Bank* approves fundraising: * ₹7,500 crore via equity (max 10% dilution) * ₹8,500 crore via debt * SMBC retains pro-rata rights and board seats; SBI to continue with one nominee director. *🔍 Our View:* Strengthens capital buffers and strategic stability, though rerating hinges on execution and approvals. 🔸 *L&T* secures EPC orders in Rajasthan for rural water supply projects — includes pipelines, 38 ground reservoirs, and 132 overhead tanks. Order size: ₹1,000–₹2,500 crore. *🔍 Our View:* Water segment order book at ₹60,000 crore. L&T remains upbeat on growth in this vertical. Hit 👍 for more financial insights! Disclaimer: bit.ly/full-disclaimer