Market News
Stay updated with the latest market trends, earnings, and economic indicators.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Underperformance phase likely ending for Indian equities: ICICI Securities
ICICI Securities says Indian equities may be emerging from a prolonged weak phase as valuations ease, growth improves and key macro risks recede
Affordable housing finance firms likely to regain growth in FY27, but macro risks loom: Kotak
Affordable housing finance companies are poised for a growth rebound from FY27, according to Kotak Institutional Securities. After a subdued period due to lending slowdowns and competition, industry trends are already showing improvement. Disbursement growth accelerated in the latter half of FY26, with managements expressing optimism. While healthy growth is expected in early FY27, macroeconomic factors like monsoon, inflation, and interest rates will shape the latter half of the year.
Indiamart Target Price Trimmed By 6% — Here's Why HDFC Securities Remains Bullish
HDFC Securities highlighted that elevated churn in IndiaMart's silver-tier segment continues to drag subscriber additions and overall growth momentum.
KSH International Downgraded by ICICI Securities; Target Price Hiked — Here's Why
The downgrade comes despite ICICI Securities reiterating its constructive stance on KSH International's structural growth story.
IndiGo Sees Target Price Hike from ICICI Securities on Strong Growth Visibility — Check Upside
ICICI Securities has maintained Buy on IndiGo with a revised target price, implying a potential uspide of 20%.
Karan Sharma elevated as Avendus' I Banking head
Avendus Group, now majority-owned by Mizuho Securities, has appointed Karan Sharma as its new Managing Director and Head of Investment Banking. Sharma, a 15-year veteran instrumental in building the firm's digital and technology practice, will steer the business's strategic direction and growth. This transition allows co-founder Gaurav Deepak to concentrate on broader strategic priorities and client engagement for Avendus' next growth phase.
Flipkart extends lead in Indian ecommerce, Myntra widens lead in fashion, says BofA
Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce, and logistics, with AI adoption poised to enhance customer experience and optimize costs.
Topline growth remains the missing piece for IT sector recovery, says Wedbush’s Moshe Katri
Moshe Katri of Wedbush Securities said valuations have fallen below the seven-to-eight-times EV/EBITDA range that investors previously viewed as the floor, making it difficult to call a bottom. He added that upcoming IPOs of Anthropic and OpenAI could help improve sentiment towards the IT services sector.
AI applications, data centres and EVs to drive India's next capex cycle: ICICI Securities
According to Vinod Karki, Head-Strategy at ICICI Securities, the combination of steady government investment and rising participation from new-age sectors could help sustain India's capex cycle even as traditional infrastructure spending growth slows.
BofA Securities is bullish on one Tata Motors unit, not so on the other
Tata Motor CV's margin focus over chasing growth is intact, despite near term cost pressure. Pricing discipline, mix, cost control and truck revenues are some of the other areas of focus, BofA wrote in its note.
JK Cement Shares in Focus: HDFC Securities Maintains Buy, Sees Strong Growth Ahead — Check Upside, Target Price
HDFC Securities has maintained Buy rating on JK Cement.