A blockbuster Q3 built on SUV dominance, a farm equipment supercycle and an EV business inching toward viability. Capacity expansion is the next act — and the one that matters most. There are quarters that confirm a thesis, and then there are quarters that make you wonder if the thesis is still too conservative. Mahindra … Read more
India’s largest aluminium producer delivered solid domestic numbers. The problem is its American subsidiary is not firing on all cylinders, and the debt pile is getting harder to ignore. Hindalco Industries has a tale-of-two-cities problem. The India business is humming along nicely, riding a strong London Metal Exchange price cycle and inching toward full mine … Read more
IHCL’s Q3 numbers were fine. The real story is whether its aggressive asset-light expansion can keep the premium valuation alive as room rates show signs of peaking. The trouble with running India’s most iconic hotel brand is that everyone expects magic every quarter. Indian Hotels Company Limited delivered a perfectly respectable set of Q3FY26 numbers … Read more
The Nifty IT Index fell another 4 percent in morning trade Wednesday, closing at 33,583—a level that marks a deep 11 percent decline in CY2026 alone. What started as isolated selloffs around AI announcements has hardened into a sustained downtrend, its apparent, with each relief rally failing to reclaim lost ground. The chart tells an … Read more
India’s largest jewellery company posted a good quarter riding the gold price surge, yet there is a genuine dilemma about what happens when the glitter fades When gold prices are rising relentlessly, it is easy to mistake a tailwind for great execution. Titan Company’s Q3FY26 numbers are decent by any measure — consolidated revenue up … Read more
India’s second-largest commercial vehicle maker posted a quarter that beat expectations across the board, but with the stock’s upside hinges on whether the recovery has legs beyond the next two quarters There are quarters that confirm a thesis, and then there are quarters that make you wonder if the market has already priced the thesis … Read more
Mutual fund flows stayed resilient in January even as equity markets wobbled, but the real story is the record rush into gold and silver ETFs that signals a subtle shift in how India save In January, equity markets corrected sharply amid a global risk-off wave. Foreign investors pulled money out. Headlines turned gloomy. And yet, … Read more
India’s largest pizza chain posted its strongest margin quarter in recent memory, yet the stock remains caught between those who see a turnaround and those who think the valuation still asks too much In a consumer economy where quick-service restaurant chains have spent the better part of two years complaining about weak demand, Jubilant Foodworks … Read more
India’s mid-market hotel chain posted a soft quarter even in peak season, with renovation disruptions and occupancy resistance denting what should have been a stronger show When a hotel company delivers its weakest performance in what is supposed to be its strongest quarter, investors have reason to pause. Lemon Tree Hotels did precisely that in … Read more
India’s largest contract manufacturer for room air conditioners posted a blockbuster quarter, proving it can grow even when the industry it dominates is going nowhere fast There is a certain audacity in posting 38% revenue growth in a quarter when your core industry is essentially flat. Amber Enterprises, India’s largest original design manufacturer for room … Read more