Jefferies flags textiles, pharma, autos, and aviation as big winners in landmark agreement India and the European Union are on the cusp of sealing a Free Trade Agreement that could reshape investment opportunities across multiple sectors, according to a new equity strategy note from Jefferies dated January 20, 2026. The deal, nearly two decades in … Read more
India’s cable giant dillema was over market share or profitability in Q3, absorbing commodity prices compressed margins to three-quarter low The numbers tell two different stories. Revenue surged 46 percent. Margins crashed 300 basis points. Polycab India Limited’s December quarter results have exposed a fundamental tension in the organized cable manufacturing sector: when commodity costs … Read more
Bank delivers 11.5% profit growth as NIMs expand, but NII growth slows to 6.4% amid deposit mobilization challenges. HDFC Bank reported its third-quarter FY26 results on January 18, showcasing improved margins and pristine asset quality, though net interest income (NII) growth moderated to 6.4% year-on-year. The private sector lender posted a net profit of Rs … Read more
Despite a 4% profit decline, three leading brokerages see 20-24% upside—unpacking the fundamentals that drove their conviction When ICICI Bank reported a 4% drop in quarterly profit two days ago, the initial reaction might have seemed concerning. But dig deeper into the numbers, and a different story emerges – one that investors tracking India’s banking … Read more
Asset-light expansion, RevPAR resilience, and a Clarks boost. The hotel chain isn’t just growing rooms—it’s rewiring how it makes money. Indian Hotels hit Rs 878 in November 2024. Then dropped 20% over two months. The fall looked like something broke. But the fundamentals kept building. Revenue grew 15%, EBITDA climbed 16%, and the business model … Read more
There is a strong wealth destruction current under the calm and small caps are bearing a brunt of that India’s equity market appears untroubled. Benchmark indices have held their range, heavyweight stocks continue to attract steady flows. To the casual observer, it looks like a market taking a breather. That impression, however, is misleading. Beneath … Read more
GST impact limited to 200 basis points as protection sales surge 70%; valuation concerns remain HDFC Life Insurance delivered a stable third quarter with total premium growth of 11%, but margin pressures from GST changes remained a drag on profitability. The private insurer reported total annualized premium equivalent (APE) of Rs 3,974 crore (Rs 39.7 … Read more
Company beats estimates with 220bps margin expansion, but trades at steep 45x FY27 earnings ata Elxsi delivered a better-than-expected third quarter, but the stock’s rich valuations have left analysts divided on whether investors should bet on the recovery story. The IT services firm reported revenue of Rs 954 crore, growing 3.9% sequentially. Operating margins expanded … Read more
JM Financial keeps target price unchanged at Rs 2,900 as asset manager beats estimates with 4% PAT surprise JM Financial Institutional Securities has maintained its ADD rating on HDFC Asset Management Company (HDFC AMC) with an unchanged price target of Rs 2,900, following a robust third-quarter performance that saw the company beat profit estimates despite … Read more
JM Financial raises price target to Rs 1,930, maintains BUY rating on expectations of accelerating growth JM Financial Institutional Securities has upgraded its price target for Infosys Ltd. to Rs 1,930 from Rs 1,890, maintaining its BUY rating on the IT services giant following better-than-expected third-quarter results and positive management commentary on future growth prospects. … Read more