Vodafone Idea shares jump 4% to fresh record high but Nomura, other brokerages remain cautious; here’s why
Vodafone Idea shares surged over 4% to a new record high, driven by a significant net profit increase in Q4 FY26, largely due to accounting gains. Despite a near 100% rally in the past year, brokerages remain cautious, with Nomura downgrading to ‘Neutral’ while increasing its target price, citing the need for successful debt raises […]
Domestic cyclicals remain best bet in India, says Anish Tawakley amid global volatility
Despite global headwinds, India’s economy is robust, with picking demand and spare capacity, according to DSP Mutual Fund’s Anish Tawakley. He favors selective investments in domestic cyclicals like financials, cement, and automobiles, while cautioning against capital market-linked plays and PSU banks. Inflation is seen as transitory, but FMCG margins face pressure.
Ashish Kacholia-backed smallcap stock tanks 34% in just two sessions. What’s behind the selloff?
Jain Resource Recycling shares plunged up to 19% after reporting operational disruptions caused by Iran–Israel geopolitical tensions, which hit supply chains, raised shipping costs and compressed Q4 margins. Despite the near-term impact, the company reported strong revenue and profit growth, while signalling improving conditions and normalising costs in Q1FY27.
16 smallcaps where promoters raised stakes in the March quarter. Do you own any?
Promoters increased their stake in 16 smallcap companies during the March quarter of FY26, signaling confidence. Religare Enterprises saw the sharpest rise of 4%, followed by Electrosteel Castings with a 3.9% increase. Other notable companies include PC Jeweller and JK Paper, with promoters boosting their holdings.
Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April
Mutual funds aggressively booked profits in April, offloading an estimated Rs 17,000 crore from 10 major stocks like HDFC Bank and Wipro. This strategic sell-off occurred amid concerns over earnings risks, geopolitical uncertainty, and stretched valuations, even as many of these stocks saw significant rallies.
IOC shares jump 3% after Q4 net profit rises 78% YoY. Here’s what Motilal Oswal says
IOC shares saw an uptick on Tuesday after the company reported a 78% YoY jump in Q4 FY26 net profit to Rs 14,458 crore. Revenue grew 7% to Rs 2.37 lakh crore. Motilal Oswal maintained a ‘Neutral’ stance, noting strong EBITDA beat, improved margins, debt reduction, and resilience despite Middle East oil volatility.
Puravankara shares surge 13% after Q4FY26 turnaround; reports Rs 114 crore profit
Puravankara shares surged over 12% following a strong Q4FY26 turnaround, with net profit reaching Rs 114.2 crore against a prior year loss. Revenue from operations more than doubled year-on-year to Rs 1,502 crore. The company also reported robust full-year FY26 performance, returning to profitability with a PAT of Rs 58 crore.
Apollo Micro Systems shares rally 7% after Q4 profit surges 163% YoY
Shares of Apollo Micro Systems surged over 7% after the defence company reported strong Q4FY26 earnings, driven by sharp growth in profit and revenue. The company also highlighted a healthy order book and expansion plans, including acquisitions and UAV manufacturing, strengthening investor confidence amid sustained bullish momentum in the stock.
Infosys, TCS, TechM and other IT stocks rally up to 5% even as sector valuations near 2008 levels
Indian IT shares surged on Tuesday, extending a rebound. Companies like Infosys and TCS saw significant gains. This rally follows a sharp correction that made sector valuations attractive. A weaker rupee also supported IT stocks. Goldman Sachs maintained a neutral rating on Infosys, citing management’s positive outlook on deal wins and AI partnerships.
IT stocks see tactical rotation as banking fatigue triggers sector shift: Dhananjay Sinha
The Indian IT sector’s recent interest is seen as tactical, not structural, as banking stocks show fatigue. Rising crude oil prices are driving inflation, potentially pushing WPI higher and forcing the RBI to consider rate hikes amid currency pressure. This suggests a shift towards a stagflationary environment of slower growth and higher inflation.