Motilal Oswal has positive sentiments towards L&T, Cummins, and Siemens Energy within the capital goods sector, with BEL showing strength in defense. The sector's resilience amid geopolitical tensions is attributed to robust order books and favorable growth trends, causing optimism.
Harish Chatterjee
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PTC India Fin Services Ltd.'s ratings have been reaffirmed by CRISIL, maintaining a Crisil A-/Negative for NCDs and term loans. The short-term fund-based instruments and commercial papers also received a positive update, with the Crisil A1 rating and removal from 'Rating Watch with Developing Implications'.
The investment firm Jefferies lowers its target prices for IndiGo, IHCL, and ITC Hotels due to the escalating US-Iran tensions, as increased fuel costs and weaker tourism pose challenges. In contrast, airports like GMR maintain resilience with diversified revenue streams, while domestic travel helps mitigate impacts on the hotel sector.
Arvind SmartSpaces has secured a significant high-rise development worth ₹2,400 crores in Mumbai, marking an important expansion for their real estate portfolio. This venture is set to contribute significantly to the city's skyline and urban growth.
Axis Capital maintains its 'Buy' rating for Kalyan Jewellers, predicting a price target of INR 660. Strong Q4 FY26 results and ongoing growth momentum support their optimistic view.
Nykaa experienced a technical hitch during the release of their Q4 FY2026 revenue report, causing an HTTP error. This issue might delay the dissemination of their financial data on the BSE platform.
SBI Life announces Santosh Chacko as the new Strategy Head starting April 6, 2026. Abhijit Gulanikar will take over as President of Operations & IT after his redesignation on June 1, 2026.
The price of crude oil has increased following Iran's extension of the deadline for reopening the Strait of Hormuz, now set for April 7 at 8 PM ET. This delay could potentially prolong tensions in the region and affect global oil supply.
Today, the Nifty remains stagnant due to Reliance Industries weighing it down. However, Et Now suggests that railway stocks could be worth investigating for potential growth opportunities.
Investment advisory JM Financial has downgraded Avenue Super, suggesting investors consider reducing their holdings, with the current market price at around 4551 rupees.
The push for increased ethanol blending in India is proving beneficial for sugar stocks such as EID Parry and Gulshan Polyols Ltd. This shift is driving up demand and reducing oil dependency, thanks to policy backing and a growing emphasis on cleaner energy sources. In response, these companies are expanding their ethanol production capacity to capitalize on the rising demand.
The Indian equity market, represented by Nifty 50, is seen as undervalued at a 15% discount to its long-term average P/E ratio of 20.4x, according to Motilal Oswal. Their top investment picks are Bharti Airtel, SBI, and BEL. The preferred sectors include Auto, PSU Banks, and Technology, with a neutral stance on Telecom and Cement. Notably, they have recognized a correction in midcaps, favoring largecaps for investments at present.
Muthoot Microfin has announced a board meeting scheduled for April 8, 2026, with the primary agenda being fundraising discussions. Stay tuned for potential updates on funding strategies.
The Reserve Bank of India (RBI) has given its green light for a collaboration between RBL Bank and Emirates NBD. This partnership marks a significant step forward for both banks.
Ashok Leyland's futures have experienced a substantial surge on the National Stock Exchange (NSE) due to a notable jump in open interest, with an increase of over 10% compared to previous trades across nine stocks, according to The Economic Times.
CSB Bank experiences a significant increase in gross advances to ₹403.6 billion, marking an uptrend from ₹318.4 billion earlier. Total deposits also show a robust surge, reaching ₹442.5 billion compared to the previous ₹368.6 billion.
On Thursday, Latent View and Ola Electric stood out as top performers, contributing significantly to the list of the day's leading stock movers.
Jump Trading unloaded approximately 243,572 shares of Ganesha Ecosphere, with an average selling price of around ₹1,104 per share on the National Stock Exchange.
Aurobindo Pharma reached its highest point in a year at ₹1,355.5 due to buyback news, with analysts predicting continued growth and recommending a price range of ₹1,517-₹1,610, suggesting positive market trends and potential undervaluation.
Lloyds Metals significantly boosted its iron ore output in FY26, nearly doubling it to 21.96 million tons, with Q4 showing a staggering 529% year-on-year increase. The company's DRI production also saw an impressive rise of 57% year-on-year to 484,000 tonnes, and their pellet plant is now operating at full capacity.