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
Margin shine can’t mask muted demand as India’s decorative giant navigates competitive headwinds Asian Paints delivered a curious third quarter—margins sparkled even as topline growth sputtered, leaving analysts divided on whether the worst of competitive pressures has passed or merely paused. The company’s consolidated revenue crawled 4% year-on-year to Rs 88.7 billion, missing Motilal Oswal’s … Read more
The bank is prioritising safer assets over higher margins Kotak Mahindra Bank finds itself in an unusual predicament: it’s growing faster than most of its rivals, yet analysts are trimming their earnings forecasts. The Mumbai-based lender reported third-quarter profits of ₹3,450 crore, up a modest 4% from last year. At first glance, decent numbers. But … Read more
India’s oldest asset manager posted another quarter of shrinking market share. So why did analysts upgrade? UTI Asset Management’s third quarter was a study in contradictions. Reported profit crashed 20% year-on-year to Rs 1.2 billion, but beat Centrum’s estimate of Rs 1.1 billion. Strip out one-time charges, and core profit collapsed 69% to just Rs … Read more
Brokerages have different verdicts on India’s state refiner. One sees 46% upside, the other warns of value traps. The problem with investing in oil refiners is an agreement on what they are actually worth is difficult.Take Hindustan Petroleum Corporation (HPCL), which just reported quarterly earnings that somehow managed to disappoint both bulls and bears simultaneously. … Read more
InterGlobe Aviation’s stock trades at Rs 4,909, with divergent analyst views on its path forward amid capacity constraints and rising costs India’s aviation bellwether IndiGo is navigating choppy skies as operational challenges, regulatory penalties, and cost pressures test the resilience of the country’s dominant airline operator. InterGlobe Aviation reported a muted third quarter for FY26, … Read more
After years of tepid growth, India’s commercial vehicle sector is hitting the accelerator. Nomura says lower taxes, aging fleets, and surging freight rates are setting up a multi-year upcycle that’s just getting started The rumble of heavy trucks hauling goods across India’s highways is about to get a lot louder. After several years of modest … Read more
Nuvama raises target 17% on commodity tailwinds; current market price yet to fully factor in aluminium and zinc businesses alone Vedanta’s pending demerger into five separately listed companies is poised to unlock significant value for shareholders, with the stock’s current price not even fully accounting for its aluminium and zinc operations, according to analysis by … Read more
Strong quarter masks limited upside as stock trades at 2.8x FY28 book value AU Small Finance Bank’s impressive third-quarter performance has delivered everything investors hoped for except one thing: room for the stock to run further. The lender’s shares, which have surged 65% over the past year to Rs1,001, now trade at valuations that leave … 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