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India growth story strong; banks, power and defence seen as key bets: ASK Investment CIO
George Joseph, Chief Investment Officer & CEO–Equity at ASK Investment Managers, says India’s long-term fundamentals remain strong despite global uncertainty, with GDP potentially doubling in 7–10 years. He favours cyclicals like banks, autos, capital goods, real estate, and defence, supported by inflation trends and global spending. He is also bullish on the entire power value chain, driven by AI-led data centre demand, while remaining cautious on expensive consumer stocks.
Bajel Projects jumps 13% on over ₹400 crore MENA transmission order win
Bajel Projects shares rose after winning ultra-mega EPC orders over ₹400 crore for 500 kV transmission lines in the MENA region, boosting its global presence and stock performance.
In a sea of red, how a smallcap defence company delivered multibagger returns this year
Despite a challenging market, MTAR Technologies has delivered multibagger returns, surging nearly 100% in just over four months. The smallcap defence company's rally is driven by its critical role in the global clean energy and AI infrastructure supply chain, particularly its partnership with Bloom Energy. Analysts anticipate significant order inflows from this collaboration, though valuation concerns are emerging.
BofA sees 9% Nifty upside over the year; energy security a multi-decade theme for India
BofA Global Research’s Amish Shah highlighted energy security as a long-term theme, driven by India’s dependence on imported fuel and the need for policy support across biofuels, electrification, and power infrastructure.
Outbound deals gaining pace, but integration a challenge: Citi, Equirus Capital
Rahul Saraf, India Head of Investment Banking at Citi, and Bhavesh Shah, MD and Head of Investment Banking at Equirus Capital, said large outbound deals reflect rising global ambition among Indian firms. They noted that deal activity is increasing across sectors, but highlighted that execution after acquisition remains critical, with integration determining whether companies can achieve synergies and sustain growth.
IT growth under pressure as AI risks rise; pharma, power see support: Nikunj Doshi
Nikunj Doshi, Managing Partner & CIO-PMS at Bay Capital Investments Advisors, says IT services face growth challenges amid AI disruption and remains cautious on the sector. He prefers a bottom-up approach in pharma, citing benefits from rupee depreciation and easing US tariff risks. Doshi is also positive on power and ancillaries, driven by global investments, while staying selective on new-age tech stocks due to expensive valuations and potential post-lock-in selling.
Unimech signs deal to acquire Hobel Bellows for Rs 450 crore
Unimech Aerospace and Manufacturing Limited is acquiring Hobel Bellows for Rs 450 crore. This strategic move will boost Unimech's manufacturing power. It will also expand its reach into important industrial areas. The deal aims to transform Unimech into a global precision engineering leader. Hobel Bellows is a specialized Indian maker of metallic bellows and engineered parts.
Power emerges as top bet on AI boom, says Gautam Trivedi; stays away from IT
Global investors remain cautious on India amid oil price pressures and rupee volatility, says Gautam Trivedi, Co-Founder of Nepean Capital, even as select sectors offer bottom-up opportunities.
L&T Energy GreenTech, Japan's ITOCHU ink long-term green ammonia supply deal
Indian firm Larsen and Toubro's green energy arm has secured a major deal. It will supply 300,000 tonnes of green ammonia annually to Japanese trading company ITOCHU Corp. This fuel is crucial for decarbonizing the shipping industry. The production will happen in Gujarat. ITOCHU plans to build a global green ammonia network.
FPI Exodus: Financial sector sees over ₹19,000 crore outflows in April; IT, FMCG, Auto also hit
FPIs have sold Indian equities worth ₹48,141 crore in early April 2026, with financial services hit hardest. The ongoing West Asian conflict influences global equity markets, creating volatility in FPI flows, while select sectors like power experience slight inflows amidst broader downturns.
Explained - Why ABB India shares surged 6% on Wednesday
ABB's global results showed that order inflows from the India region grew 26% year-on-year. The parent also announced plans to invest around $75 million in expanding manufacturing and research and development capabilities in India.
Wipro Hydraulics to acquire 100 per cent stake in Italy's Indeco Ind Spa
Wipro Hydraulics is acquiring Italy's Indeco Ind Spa. This deal will expand Wipro's offerings into hydraulic attachments. Indeco manufactures equipment for construction and demolition. The acquisition strengthens Wipro's global presence and product range. The founding family will continue to be involved in Indeco's operations. This move marks a significant step for Wipro Hydraulics.