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Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
NSE files DRHP for IPO: 10 things investors need to know
NSE’s DRHP filing sets the stage for a landmark IPO, highlighting the exchange’s market leadership, expanding investor base, robust financial performance and growing role in India’s capital markets.
'Hero will benefit if fuel efficiency is top of mind': Hero MotoCorp CEO
Hero MotoCorp reports no domestic demand slump despite global challenges. The company is aggressively expanding its operations. CEO Harshavardhan Chitale expresses confidence in India's economic resilience. Hero MotoCorp is focusing on growing segments like scooters, premium motorcycles, and electric vehicles. Significant capital expenditure is planned for capacity expansion and new product launches in domestic and international markets.
Mukesh Ambani's RIL-led $4 billion Jio IPO hits roadblock on US-Iran war impact: Report
Jio’s listing, the first public offering by a major Reliance unit in nearly two decades, would be a landmark event for India’s struggling capital markets. The plan got a major boost in March, when the government approved changes to listing requirements to facilitate the biggest deals.
Prefer BSE on dips, Bajaj Auto strong, DMart margins muted: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says markets remain selective with stock-specific opportunities. He flags weak telecom tower metrics and muted DMart margins, while auto OEMs show strong growth aided by price hikes. On BSE, he sees 15–20% volume trends but advises caution post volatility. He prefers long-term capital market plays on dips and remains bullish on metals, especially JSW Steel, with structural demand tailwinds.
Stocks To Buy: Bernstein bets on this capital markets play but cites a key risk
Bernstein values the company at a premium to its peers, while it remains in-line on a core-profit multiple basis, factoring in its strong operating metrics and relatively larger alternatives business.