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Emkay maintains Nifty 50 target at 29,000; check top picks and portfolio changes
Emkay's exposure to the “post-war oil price weakness” theme remains at 25%. Larsen & Toubro is its biggest individual holding at 7% of the portfolio. Other key picks under the theme include HPCL at 5%, Tata Motors CV business at 5%, Maruti Suzuki at 4%, and Delhivery at 4%.
Ather Energy jumps 5% to hit 52-week high; analysts see up to 14% upside
Ather Energy share: Sentiment was further buoyed by favourable brokerage commentary, with Nomura and Emkay Global retaining 'Buy' ratings on the stock
This 'consensus buy' auto stock, up 200% in the last year, can rise another 32% as per Emkay
Emkay wrote in its note on Thursday that there will be a mega shift towards electrification in the automobiles segment and this shift is likely to be a structural one, similar to the one seen from scooters to motorcycles in the 1990s. Ather Energy remains the preferred stock for Emkay to play the electric two-wheeler theme.
Oil prices to settle at $75-80 in 2 months, Nifty to touch 29K by March 2027, says Emkay. Here’s why
Emkay Global Financial Services expects crude oil to stabilise at $75–80 within two months and sees the Nifty 50 hitting 29,000 by March 2027. A potential Iran–US peace deal, easing energy pressures and steady earnings growth are seen driving a rebound in Indian equities despite near-term macro headwinds.
Oil above $100 could widen current account deficit, pressure rupee: Emkay
Madhavi Arora, Chief Economist, Emkay Global Fin Services, says the RBI may prioritise financial stability over inflation if crude prices remain elevated. Oil above $100 could widen India’s current account deficit and pressure the rupee, while the central bank may have to balance currency intervention with domestic liquidity management. She noted inflation risks remain limited for now as fuel price increases have not been fully passed on to consumers.
Watch | Buy the dip, says Emkay’s Manish Sonthalia; PSU banks, autos & metals in focus
Manish Sonthalia, CIO of Emkay Investment Managers, says geopolitical dips are buying opportunities, as markets typically recover within 6–9 months. He is deploying fresh flows into autos, financials, pharma, consumer durables, power transmission and select defence. He favours PSU banks over private lenders on valuations and sees AI driving demand for critical minerals, metals and energy. IT remains underweight while India could attract inflows as stability returns.
Watch | Emkay’s Seshadri Sen: IT sell-off overdone, stick to largecaps amid AI disruption
Seshadri Sen, Head of Research & Strategist at Emkay Global Financial Services, says the IT sell-off has overshot fundamentals, creating a tactical opportunity in large-cap names. Despite AI disruption, firms will still need IT vendors for integration and deployment, and AI could expand tech spending. He sees no signs of structural stress and says current pessimism is driven more by narrative than reality.
Buy Ather Energy; target of Rs 1000: Emkay Global Financial
Emkay Global Financial is bullish on Ather Energy has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated March 16, 2026.