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Stock Picks Today: Avenue Supermarts, HUL, Marico, PNB, Bajaj Finance, Tata Consumer, And More On Brokerages' Radar
Brokerages' Radar
Q1 Preview: BoFA Picks Meesho, Eternal As Top New-Age Internet Bets Amid Middle East Conflict Risks
Meesho to positively surprise on growth and margins, while Delhivery may see temporary margin pressure. Eternal is also likely to post strong sequential growth and improved margins.
ICICI Pru's S Naren expects moderate market returns, backs gold in diversified portfolios
S Naren, Executive Director and CIO of ICICI Prudential AMC, which managed funds worth $3 billion as of May 31, 2026, said improving macro conditions have strengthened India's outlook but global AI-led capital flows continue to favour overseas markets. Naren reiterated his preference for diversified multi-asset investing over concentrated equity or standalone gold ETF exposure.
ITC enters cola business to add more fizz to beverages portfolio
India's carbonated soft drinks market is intensifying as ITC launches a premium sugar-free Coconut Cola, aiming to compete with global giants Coca-Cola and PepsiCo. This move follows Reliance Industries' aggressive pricing strategy with its revived Campa brand. ITC plans to expand its beverage offerings, focusing on the premium, health-conscious segment, which is experiencing rapid growth due to increasing consumer preference for low- and no-sugar options.
Ola Electric doubles QoQ growth in Q1 FY26; June vehicle registrations at 16,144 units
Ola Electric witnessed a significant surge in electric two-wheeler registrations during the April-June quarter, nearly doubling from the previous period. This impressive growth, reaching 43,719 units, is attributed to enhanced retail operations, better product availability, and consistent customer demand. The company anticipates continued expansion in India's electric two-wheeler market, driven by growing consumer preference for sustainable and economical mobility solutions.
Market Pulse: Key triggers to watch before the June 30 trading session
Global cues remain in focus as Wall Street ended higher and Washington prepares for talks with Iran in Doha, while the US Consumer Confidence Index data is due later today. Domestically, Delhi's proposed EV policy and developments around the CFO positions at Axis Bank and HDFC Bank are expected to remain in focus.
Japan stocks recover as bargain buying returns
On the domestic front, data showed Japan's retail sales rose 5.3% in May, marking the fastest growth since November 2023. The increase was largely driven by a government stimulus package that supported consumer spending.
Five Stocks To Buy: Maruti Suzuki, HCLTech, Tata Consumer And More | June 29, 2026
Top picks for Monday, June 29 include Maruti Suzuki, HCL Technologies, GMR Airports, Tata Consumer Products and Chalet Hotels.
Amber Group eyes $2 billion revenue milestone soon; invests Rs 6,750 crore in UP projects
Amber Group is poised to reach USD 2 billion in revenue soon, fueled by robust growth in its consumer durables, electronics, and railway/defence sectors. The company recently broke ground on a significant Rs 6,785 crore manufacturing expansion in Jewar, Uttar Pradesh. This includes a crucial PCB and semiconductor substrate unit via a joint venture, alongside an expanded air-conditioner complex, aiming for import substitution and future exports.
Smartphone brands brace for 9-10% festive sales drop as higher prices dampen demand
Smartphone sales are projected to dip by 9-10% this festive season as rising handset prices dampen consumer demand. Brands are strategizing with discounts, but these will be on inflated baseline prices. Manufacturers are securing components early to manage costs, while marketing budgets are being trimmed. Expect a focus on financing options like no-cost EMIs to encourage purchases.
India's AI infrastructure opportunity is being underestimated, says Abhay Laijawala
Abhay Laijawala, MD & CIO-India at Lighthouse Canton, believes key concerns weighing on India—including oil prices, currency stability and the perception that India lacks an AI story—are turning into tailwinds. He argues investors are overlooking India's role in the global AI infrastructure buildout, spanning data centres, power, cooling systems and capital goods. Laijawala is positive on engineering, capital goods and textiles, while remaining cautious on consumer staples due to El Niño risks.
Waka Waka! Indian consumer giants seek to roar louder in Africa
Indian consumer firms are significantly boosting investments in Africa, shifting from market entry to large-scale operations. Driven by a young population and underpenetrated markets, beverages, hair care, and personal care sectors are showing robust growth. Companies, such as GCPL, VBL, Dabur India and Marico are prioritizing local manufacturing and distribution, viewing Africa as a crucial long-term growth engine despite currency volatility and retail fragmentation.