Market News
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The Bengal boom: 7 stocks that surged up to 22% after BJP win and should you still buy?
Smallcap investors are piling into the “Bengal theme” after the BJP’s landslide win in West Bengal, driving sharp rallies in state-linked stocks. IFB Agro surged 27% and Dhunseri Tea 22%, leading seven stocks posting double-digit gains. However, analysts caution that real industrial transformation will take years, with market attention already shifting to West Asia tensions and upcoming earnings.
Tata Sons' exit door from upper layer NBFC list narrows
New norms, currently a draft circular, take away a part of RBI’s discretion to decid who gets to be on the list. The defining criteria for a non-bank to enter the club is if it has assets of ₹1 trillion or more. Tata Sons had total assets of ₹1.75 trillion on a standalone basis as on 31 March 2025.
Hathway Cable ropes in Gurjeev Singh Kapoor as CEO
Hathway Cable and Datacom has a new chief executive officer. Gurjeev Singh Kapoor will take over from Tavinderjit Singh Panesar. Kapoor brings extensive experience from the media and entertainment sector. Panesar is retiring after a long tenure with the company. This leadership change occurs as the cable industry faces digital competition.
Switching to electric power has saved Railways Rs 6,000 crore: Ashwini Vaishnaw in Lok Sabha
Indian Railways is making waves in the transportation sector, achieving Rs 6,000 crore in savings by embracing electric trains. This innovative shift has positioned them as the world’s second-largest freight mover, with 35,000 km of track and 27,000 km fully electrified. While staff wages take the lion’s share of expenditures, energy costs are a close second.
Reliance Industries analysts do not see more downside on the stock; Check latest targets
Even if tensions ease soon, supply chain normalisation could take longer, keeping product cracks elevated and supporting refining and petrochemical margins.
IndiGo investors shrug off Pieter Elbers’ exit as Rahul Bhatia plays ‘Main Hoon Na’
Analysts take a cue from Bhatia’s assurance, stating that they don’t expect much change in the airline’s strategic approach.
Sunil Mittal shares succession plan, sets higher ARPU target of Rs 350 for Airtel
Sunil Bharti Mittal is preparing for the next generation of his family to take a larger role in Bharti Telecom. His children are gaining experience in independent ventures. Mittal anticipates their increased visibility at shareholder forums in the coming years. He also aims to increase Bharti Telecom's stake in Airtel.
NHAI-backed Raajmarg Infra Investment Trust's IPO to open on Mar 11
State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is gearing up to launch its Rs 6,000 crore Initial Public Offering (IPO). The InvIT's maiden public offering will open on March 11 and conclude on March 13, while the bidding for anchor investors will take place on March 10, according to a public announcement on Monday. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. As per the Red Herring Prospectus (RHP), Raajmarg Infra Investment Trust's IPO issue size aggregates up to Rs 6,000 crore. This was an increase from Rs 5,700 crore planned at the time of filing draft papers in January. Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment mana
Analyst Take | IndiGo capacity hit by Middle East crisis; higher crude to pressure aviation earnings
PL Capital’s Research Analyst Jinesh Joshi said the Middle East crisis is pressuring aviation, with about 12% of IndiGo’s capacity impacted as a large share of its international routes are to the region. Yields were already expected to stay flat and may weaken further. Higher crude is a key risk—fuel forms 35–40% of costs and a 1% fuel cost rise can cut earnings 4–5%. Rerouting or cancellations may hit margins and near-term operations, though recovery should follow once tensions ease.