Broker’s Call: Maruti Suzuki (Buy)
Maruti Suzuki reported a solid Q4 with revenue up 28% YoY and volume rising 12% YoY, while average selling prices grew 4% QoQ. EBITDAM slipped to 11.7% due to a 70‑basis‑point margin contraction, and PAT missed forecasts after a one‑off ₹750 crore loss on other income. Emkay Global maintains a Buy rating, setting a target price of ₹16,200 (≈ $195) versus the current ₹13,260 (≈ $160). The firm targets 10% FY27 domestic PV volume growth, backed by a 190k‑unit orderbook and new capacity expansions.
Broker’s Call: IndiGo (Buy)
Ambit Capital maintains a Buy rating on IndiGo (Interglobe Aviation) with a 1‑year DCF target of about $64, up from the current market price of $52. The airline sits on roughly $6.2 bn in cash, supporting a shift toward a 40%...
Strong Leasing Boosts Mindspace REIT’s Q4 Performance
Mindspace Business Parks REIT posted a strong Q4 FY26, with revenue climbing 31% to ₹888 crore (≈$107 million) and net operating income jumping 37% to ₹742 crore (≈$89 million). Occupancy rose to a record 95.7%, while gross leasing reached 3.5 million sq ft in the quarter, taking...
US Natural Gas Glut Shields Economy From Iran War Energy Crisis
The Iran war has driven natural‑gas prices sky‑high in Europe and Asia, but a massive supply glut in the U.S. Permian Basin has pushed domestic gas futures below $3 per MMBtu and even into negative territory, with prices hitting –$9.60...
Cities Near Mumbai to Issue Bonds for the First Time, Bankers Say
Indian municipal corporations near Mumbai are moving into the bond market for the first time. Navi Mumbai plans a ₹1,000 crore (~$120 million) issuance, while Panvel will issue a smaller, still‑undecided amount. Both have secured high credit ratings—AA+ for Navi Mumbai and AA‑ for...
Eternal Shares Surge 5% After Strong Q4 Results, Brokerages Back Growth Outlook
Eternal Technologies posted a blockbuster Q4, with net profit soaring 346% to ₹174 crore (≈ $21 M) and revenue jumping 196% YoY to ₹17,292 crore (≈ $2.1 B). The results lifted the stock 5% in early trade, peaking at ₹265.40 before closing at ₹254.03. Morgan Stanley...
MakeMyTrip Considers India Listing Amid Strategy to Tap Domestic Investors
MakeMyTrip Ltd., the Nasdaq‑listed online travel platform, is evaluating a primary listing in Mumbai for the first quarter of 2027. The company has hired Axis Capital, Morgan Stanley and JPMorgan as advisers and may add more banks to the deal....
Why Are Gold, Silver Prices Falling as Crude Spikes?
Gold and silver prices slipped on April 28, 2026 as stalled US‑Iran peace talks and a 4.34% 10‑year Treasury yield dampened safe‑haven demand. MCX gold fell 0.64% to ₹151,721 (~$1,828) per 10 g and COMEX gold dropped 1% to $4,693.7/oz; MCX silver slid...
Piramal Finance Jumps over 12% on Q4 Profit Surge, Brokerages See Improving Outlook
Shares of Piramal Finance jumped about 12.5% to ₹2,066 (≈$25) after the firm reported a Q4 FY26 net profit of ₹502 crore (≈$60 million), a 390% year‑on‑year increase. The profit surge was driven by higher margins, a stronger retail loan mix and...
Bajaj Housing Finance Dips Despite Steady Q4 Earnings, Outlook Remains Positive
Bajaj Housing Finance reported a 14% year‑on‑year rise in Q4 profit after tax to ₹669.19 crore (≈$81 million) and a 18.3% increase in full‑year PAT to ₹2,560.34 crore (≈$309 million). Revenue grew to ₹2,902.61 crore (≈$350 million), while net‑interest margin slipped 12 basis points to 3.8%...
SEBI Bars Ashok Maheshwari, 7 Others in Front-Running Case
The Securities and Exchange Board of India (SEBI) barred eight individuals and firms, including Ashok Maheshwari, for a front‑running scheme, imposing market bans of up to 48 months. SEBI ordered disgorgement of ₹1.29 crore (≈$155,000) and penalties totaling ₹1.52 crore (≈$182,000). The noticees...
JP Morgan Downgrades India Equities to 'Neutral', Bets on Asia Tech Amid AI-Led Shift
JP Morgan has downgraded Indian equities to a Neutral stance, citing elevated valuations, earnings pressure and scant exposure to AI‑driven sectors. The firm is simultaneously boosting its allocation to technology‑heavy Asian markets, especially Taiwan, as AI momentum accelerates across the region....
The Great Un-Bundling: How Maturing Indian Markets Are Shrugging Off Concentration
The National Stock Exchange’s April Market Pulse report shows Indian equities shifting from a commodity‑led base to financial‑sector dominance, with financials now accounting for 25% of market capitalisation. Materials and energy shares have receded, while information technology grew to 8%...
SEBI Proposes Revamp of Variable Net Worth Norms for Stockbrokers
The Securities and Exchange Board of India (SEBI) has drafted a overhaul of the variable net‑worth framework for stockbrokers, shifting the calculation from cash balances to a mix of average client credit balances and active client counts. Under the proposal,...
SEBI Weighs Uniform Price Bands for F&O Stocks Across Exchanges to Fix Mismatch
India’s securities regulator SEBI is evaluating a rule that would apply dynamic price bands to all futures‑and‑options (F&O) stocks on every exchange. The move targets the current timing mismatch where a stock added or removed from the derivatives segment on...