Motilal Oswal suggests Maruti Suzuki, TVS Motor, and M&M as top auto picks despite Q4 challenges, due to anticipated resilience amid input cost and crude price risks. Additionally, ancillary companies like Motherson and Endurance are also favored for potential growth opportunities in the sector.
Alok Soni
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JSW Infrastructure maintains its projected EBITDA of INR 2,600 crores for FY26, despite a drone attack on their Fujairah storage facility. The company's resilience is attributed to robust cargo performance, escalating steel prices, and ongoing ramp-ups, which underscore future growth potential amidst regional disruptions in the West Asia region.
Meghmani Organics Ltd is consolidating its operations by merging two of its subsidiaries into the main company, aiming for a simpler organizational structure. This move does not involve issuing new shares or altering the existing shareholding, with assets being transferred to Meghmani Organics Ltd.
Bandhan Bank saw a significant increase in loans by 12.6% year-over-year (YoY) and a smaller increase of 6.2% quarter-over-quarter (QoQ), reaching ₹154,235 crore. Deposits also rose by 10% YoY to ₹166,344 crore, with the current account savings account (CASA) ratio improving to 29.3%. This growth suggests a positive trend in loan and deposit activities for Bandhan Bank.
Despite the broader market sell-off, Lupin, Sun Pharma, Torrent Pharma, CCL Products, and Karnataka Bank show remarkable resilience due to robust fundamentals like steady growth, strong pipelines, and strategic moves. Their performance suggests a potential for long-term leadership.
Axis Securities suggests investors consider Voltamp Transformers, Shilpa Medicare, and Persistent Systems as potential buys. Despite crude price worries, both Nifty 50 and Sensex experienced slight growth on April 2, with Nifty rising by 0.15% to 22,713.1 and Sensex increasing by 0.25% to 73,319.55.
ICICI Prudential Mutual Fund has announced changes to its exit load rules for certain schemes as of April 6, 2026. Investors redeeming or switching within the first month will now face a 1% exit fee, while there will be no fee if the redemption occurs beyond that period after allotment.
Jefferies remains optimistic about Aavas Financiers, maintaining a 'Buy' rating with a price target of Rs 1,875. The asset under management (AUM) has increased by 15% year-over-year to reach Rs 235 billion. Notable growth was also seen in disbursements, which rose by 16% YoY, and GS-3 improved to 1.07%. A total of 31 branches were added during the fourth quarter, while the price-to-book ratio stands at 1.5x for FY27E.
The Reserve Bank of India has given the green light to Emirates NBD's acquisition of a 60% stake in RBL Bank, worth approximately INR 26,850 crore. This will be achieved through a preferential share issue at INR 280 per share, as announced by RBL Bank following its board meeting today.