Indian online delivery firms Eternal and Swiggy could see profit margins improve slightly in the second quarter, analysts said, after at least a year of accelerating losses in their quick commerce arms due to higher costs. Eternal’s Blinkit, Swiggy’s Instamart and start-up Zepto have emerged as the top players in India’s booming quick commerce industry, … Read more
In a stunning debut that defied expectations, LG Electronics India surged 50.4% from its IPO price on its first day of trading on Tuesday, taking its market capitalisation to Rs 1.16 lakh crore, or about $13.13 billion, higher than its South Korean parent LG Electronics Inc, which is valued at around $8–9 billion in Seoul. … Read more
After a year-long consolidation, Indian equities are poised to regain momentum by the end of 2025, says Siddhartha Khemka, Head of Research (Wealth Management) at Motilal Oswal Financial Services. With valuations normalising and earnings expected to rebound sharply from FY27, he believes the market is setting up for its next leg of rally. Edited excerpts … Read more
Motilal Oswal Financial Services has initiated coverage on National Securities Depository Limited (NSDL) with a ‘Neutral’ rating and a 12-month target price (TP) of Rs 1,200, implying a potential downside of around 8% from current levels. This target is based on a valuation of approximately 45 times estimated FY28 earnings per share (P/E ratio). The … Read more
Brokerages remain optimistic on select mid-to-large cap names, highlighting strong structural drivers and attractive valuations. Nuvama has initiated coverage on Eureka Forbes, Religare Broking has turned positive on REC Ltd, while Motilal Oswal reiterated its bullish stance on Biocon. The common thread across these calls is robust earnings visibility, leadership in core segments, and growth … Read more
Motilal Oswal has initiated coverage on Bharat Dynamics Ltd with a ‘neutral’ rating and a target price of Rs 1,900, about 4% below its current market value, cautioning that the stock’s sharp run-up leaves little room for near-term upside. While lauding the defence manufacturer’s robust order book, export momentum, and earnings potential, the brokerage said … Read more
India’s Electronics Manufacturing Services (EMS) sector is witnessing rapid growth, supported by a strong order pipeline, ongoing capacity additions, and improving global relevance. The industry is expanding across segments, backed by rising work content, better execution visibility, and a gradual shift towards higher-margin categories like aerospace, industrial, automotive, and critical infrastructure. Order inflows remain firm, … Read more
Motilal Oswal maintains a positive outlook on PNB Housing Finance, giving it a ‘Buy’ rating with a target price of Rs 1,230, citing robust franchise expansion and an attractive risk-reward profile. Synopsis Brokerage houses have issued varied stock recommendations for PNB Housing Finance, PI Industries, and Indoco Remedies. Motilal Oswal is optimistic about PNB Housing … Read more
Public Sector Undertaking (PSU) banks have emerged as the favourites of both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), according to a report by domestic brokerage firm Motilal Oswal. FIIs have significantly ramped up their stakes in PSU companies to 18.1% as of March 2025, marking a sharp rise of 140 basis points … Read more
Newsmakers of D-Street Indian benchmark indices declined for the second consecutive session on Friday, with the Sensex shedding nearly 600 points and the Nifty closing below the 24,050 level, as investor sentiment turned cautious amid rising geopolitical tensions following a deadly terrorist attack on tourists in Pahalgam, Kashmir.The 30-share BSE Sensex declined 588 points, or … Read more