Faiyaz Hardwarewala PhillipCapital sees GDP at 7.5% and a Nifty at 27,500, but the real story is where earnings are actually going to show up In dealing rooms in Mumbai, everybody has their fingers crossed. The war in the Middle East is keeping oil traders on edge. Geopolitical alignments that held for decades are shifting. AI is … Read more
Emkay Global is upping its target on IndusInd Bank, read on IndusInd Bank has had a rough few years. Microfinance stress, a derivatives fiasco, senior management exits, and a quarterly loss that shook investor confidence. The stock has shed 10.5% over the past 12 months even as the broader Nifty-50 gained 11.6%. At one point … Read more
Torrent Pharma delivered a textbook quarter — revenues up 18 per cent year-on-year to Rs 33 billion, profits climbing 26 per cent to Rs 6.4 billion, and EBITDA margins nudging up 40 basis points to 32.9 per cent. In the ordinary course of business, that would have been the headline. But this is no ordinary … 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
Strong volume growth keeps the FMCG major on track for FY26, but investors are betting that cheaper copra will do the heavy lifting next year. Marico’s December-quarter results underline why the stock continues to command a premium in the market. The maker of Parachute and Saffola reported a 27% year-on-year rise in consolidated revenue in … Read more
Strong volumes, rising margins and an improving EV supply chain makes the ride smooth TVS Motor’s latest quarterly numbers will please almost everyone: customers, dealers, and analysts. And investors too. That’s the lens through which to read the BOBCAPS assessment: an “overall healthy show” with “valuations at par,” leading it to “maintain HOLD,” even after … Read more
Brokerages lift targets after earnings beat, but watch Bharat Electronics valuation India’s state-owned defence electronics manufacturer Bharat Electronics delivered a quarter that had analysts scrambling to revise their models upward. The company’s third-quarter performance beat expectations across every metric, prompting both Motilal Oswal and Nirmal Bang to raise their target prices—though both remain cautious about … Read more
India’s biggest carmaker delivered volume gains but margin pressures and a Rs 5.9 billion one-time hit have analysts trimming targets The stock charts tell a familiar story of expectations meeting reality. Maruti Suzuki, the company that put India on wheels, watched its shares tumble over 10% in the past month even as it posted record … Read more
Green shoots seem to emerge in troubled microfinance portfolio of Bandhan Bank; brokerages are signaling confidence in recovery After a bruising period marked by asset quality deterioration and margin compression, Bandhan Bank appears to be scripting a credible recovery story—one that has caught the attention of leading brokerages who are now turning upbeat on the … Read more
JM Financial analysts initiate coverage with REDUCE rating as India’s value commerce champion trades at premium valuations post-IPO JM Financial just dropped their first report on Meesho after the company’s December 2025 listing, and the thesis is fascinating: Meesho has built something genuinely important for Indian e-commerce, but the stock price already knows it. “Meesho … Read more