Rising costs and tepid demand cloud near-term prospects for SAIL, even as long-term bets hinge on execution Steel Authority of India Ltd is caught in a perfect storm of margin pressure and execution uncertainty. Two recent broker reports paint a picture of a company treading water—delivering volume growth but struggling to convert it into meaningful … Read more
The India-U.S. trade deal offers breathing room for a currency that’s been on the ropes. But can improved sentiment overcome the structural headwinds that have plagued the rupee for over a year? The Indian rupee rebounded to around 90.5 per dollar on Monday, pulling back from 92 touched just last week. The catalyst of course, … Read more
After months of battering by foreign outflows and tariff threats, Indian markets finally catch a break. Whether this lifeline from an unlikely ally can reverse the tide remains the billion-dollar question. The handshake heard around emerging markets came Monday night when Donald Trump announced a sweeping trade agreement with India that slashes tariffs from a … Read more
Stationery maker’s diverse bets deliver growth, but 60x earnings multiple leaves little room for slip-ups DOMS Industries Ltd. isn’t reinventing the wheel—it’s just making better pencils, pens, and now premium bags. The third-quarter performance exemplifies the company’s steady-as-she-goes approach: consolidated revenue climbed 18% year-over-year to Rs5.92 billion, EBITDA grew 18%, and profit after tax expanded … Read more
New plant costs and commodity pressures squeeze margins even as export machine roars to life Hyundai Motor India Ltd.’s third-quarter earnings tell two stories at once. Revenue climbed a respectable 8% year-over-year to Rs179.7 billion, powered by robust export demand and fresh product launches. Yet profitability stumbled, with EBITDA of Rs20.2 billion missing analyst expectations … Read more
Trump’s India trade deal sent Nifty soaring 800 points. For those holding cheap calls, it was lottery night. For those who sold them? A bloodbath Somewhere in India last night, a trader turned Rs 1,462 into Rs 1.37 lakh. Another turned Rs 3,500 into Rs 2 lakh. And somewhere else, a man who thought … Read more
Budget panic, Trump euphoria, and what long-term investors should ignore Forty-eight hours can change sentiment, and how. On Sunday, Finance Minister Nirmala Sitharaman delivered her ninth consecutive budget, and markets responded by wiping out Rs 10 lakh crore in investor wealth—the worst Budget-day showing in six years. By Monday night, a single Truth Social post … Read more
Capital expenditure to surge as New Delhi bets on domestic manufacturers to build military might amid rising geopolitical tensions New Delhi is writing the biggest check in Indian defense history—and this time, the money is staying home. The Union Budget for FY2026-27 has earmarked Rs 7.84 lakh crore for defense, a 15% year-on-year increase. But … Read more
While Nirmala Sitharaman talks about “Yuva Shakti” and transforming “aspiration into achievement,” her tax proposals tell a different story for India’s burgeoning investor class. The STT Shock The biggest blow lands on derivatives traders. STT on futures jumps 150% from 0.02% to 0.05%. Options traders get hit harder—premium tax rises to 0.15% from 0.1%, while … Read more
Food major’s ad spending surge delivers record volumes albeit with a little margin squeeze Nestle India is spending money on advertising. The maker of Maggi noodles and KitKat chocolates just posted its strongest volume growth in five years, but it came at a price: margins compressed as the company pumped 42% more money into advertising … Read more