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Jyoti CNC Shares May Rally 28%, Says Nirmal Bang On Strong Domestic Demand — Check Target Price
The brokerage expects the domestic CNC machine volume to grow more than 30% in FY27E, backed by rise in consumption in auto and auto ancillary industries, general engineering, EMS, and aerospace equipment manufacturing industries.
Nirmal Bang sees strong re-rating in Jyoti CNC, assigns 'Buy'; stock up 4%
Nirmal Bang believes the company's margin leadership is structural rather than cyclical
BEL Shares In Focus After Q4 Results; Nirmal Bang Stays Bullish Despite Rich Valuations — Check Target Price
BEL's order book stood at Rs73,900 crore as on April 01, 2026, while FY26 order inflows came in at Rs 30,400 crore, providing strong multi-year execution visibility.
HAL Target Price Raised By Nirmal Bang After Q4 Results — Check Potential Upside, Key Triggers
Nirmal Bang maintains its Buy rating on HAL while revising its target price upward, implying a potential upside of 18%.
Nirmal Bang sees defence growth, flags cement margin pressure on fuel costs
Jyoti Gupta, Senior Research Analyst at Nirmal Bang Institutional Equities, remains positive on defence, citing strong order books and execution visibility despite rich valuations, with picks like HAL and BEL. On cement, she sees limited gas impact but rising pet coke and coal costs may pressure margins. Demand may moderate, though she prefers large caps like Ambuja and UltraTech while staying cautious on weaker regional players.
Polycab warns of mid-single digit near-term volume growth but medium-term outlook positive
Nirmal Bang cited an interaction with the management of Polycab, who highlighted that the demand for wires and cables remains strong across multiple end-user industries, supported by government infrastructure spending.
Tariff easing lifts demand expectations for metals: Nirmal Bang
Nirmal Bang Securities’ Kunal Shah remains bullish on copper, aluminium and zinc due to tightening supply and growing consumption, while expecting limited upside in silver unless new industrial demand emerges.