After a prolonged phase of underperformance, the Indian markets appear to be building a base for a stronger second half. The Nifty 50 has rallied over 1,500 points since October 2025, with the index hitting an all-time high of 26,203 on November 28. This sharp move has been supported by several key developments, including better-than-expected … Read more
Axis Securities has pegged a target price of Rs 1,475 for Kalpataru Projects International, reflecting an upside of 14% from the current price of Rs 1,294. The company is well-placed to capitalise on its strong order book, favourable sectoral trends in domestic and international T&D and B&F segments, improved performance of international subsidiaries, supportive government … Read more
Among small caps, Mahanagar Gas Ltd (MGL), Kirloskar Brothers, Sansera Engineering, and Kalpataru Projects International are Axis Securities’ top picks. The brokerage also reflected on September’s market volatility, which followed a strong rally from May to August 2025. Although the announcement of GST 2.0, which rationalized tax slabs and shifted most items to the 5% … Read more