Market News
Stay updated with the latest market trends, earnings, and economic indicators.
2 years, zero returns: Is it time for Nifty investors to be fearful or greedy?
Nifty investors face two years of flat returns, mirroring past periods that historically led to significant market recoveries. Data shows that after similar stagnation, one-year gains ranged from 5% to 50%. Valuations have become attractive, and earnings growth is projected to accelerate. Despite some concerns, the current market setup suggests a potential for strong returns as economic fundamentals improve.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
Transrail Lighting Ltd secures overseas orders worth Rs 459 cr
Transrail Lighting Ltd has secured significant international orders totaling approximately Rs 459 crore, primarily for transmission line construction in the Middle East and North Africa. This boosts the company's total order inflow for the year to Rs 1,034 crore. Additionally, Transrail is the Lowest (L1) bidder for projects worth around Rs 400 crore, indicating a strong future pipeline and sustained growth prospects.
Up to 42% upside! 9 stocks Jefferies, Motilal Oswal, others started coverage on. Do you own any?
Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.
JPMorgan turns cautious on IT, sees growth headwinds ahead
JPMorgan anticipates challenges for Indian IT firms over the next two years, citing uncertain demand and a mix of technology and economic headwinds. The brokerage has downgraded several stocks, including HCL Technologies and Wipro, due to current valuations not reflecting these concerns. Analysts foresee reduced revenue growth forecasts for FY27, with a softer start to the year impacting the usual first-half strength.
Motilal Oswal initiates coverage on 8 textile stocks, including Arvind and Gokaldas Exports; sees up to 39% upside
Motilal Oswal has started coverage on eight textile firms, predicting growth due to global demand recovery and capacity expansions. They recommend 'buy' for Gokaldas Exports, Arvind, Pearl Global, Indo Count, and Welspun Living.
S&P Global Projects 110-Bps Drop In India's Economic Growth Amid Inflation Fears
Given the expected rise in inflation, S&P Global believes the RBI will begin raising the repo rate from October, marking the start of monetary policy tightening in the second half of the financial year.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage expects improving global demand, trade agreements and supply-chain shifts to support India’s textile sector recovery and long-term export growth.
JSW Infrastructure launches Rs 7,500 crore QIP, to fund capex, repay debt
JSW Infrastructure has launched a Rs 7,503 crore QIP to fund expansion projects, reduce debt and pursue strategic acquisitions. The institutional share sale, priced at a discount to the market price, is expected to strengthen the company's balance sheet and support the next phase of growth in ports and logistics.
Delhivery shares close in on IPO price yet again after Motilal Oswal projects 26% upside
Brokerage firm Motilal Oswal said Delhivery's express segment recorded 73% volume growth during the fourth quarter of FY26, including the impact of the Ecom Express acquisition, despite a challenging operating environment marked by the West Asia crisis and the seasonal moderation typically seen after the festive-led third quarter.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.