Ram Prasad Sahu

Brokerages expect diagnostic majors to sustain volume growth through FY27, aided by robust demand and stable pricing, though the recent stock rally may cap upside

A strong Q1 and higher FY27 guidance improve outlook

To rectify the situation, the company has devised a medium term plan of achieving double-digit revenue growth.

The BSE Sensex has fallen 6.8% since the end of September 2025, with its trailing P/E multiple down 10.8%

Brokerages expect listed diagnostics majors to maintain volume growth through FY27, helped by stable pricing, B2C demand and operating leverage

Growth triggers, new brand partnerships and regulatory tailwinds offer support, but a rerating hinges on stronger volumes and growth rates as valuations remain elevated

Rising competition in wires and cables, higher copper and aluminium prices and elevated advertising spending are expected to weigh on Havells India's margins

The government's indigenisation policy aimed at developing a robust domestic defence ecosystem, has underpinned growth for the sector.

Strong domestic growth, a chronic-heavy portfolio, JB Pharma integration benefits and gains in semaglutide are expected to support Torrent Pharma's near-term performance

Stabilising PVC prices, channel restocking and demand recovery are expected to support Q2FY27 performance, while the company retains its FY27 volume and margin guidance

HUL is betting on premiumisation, consumption and new categories to drive volume-led growth, but analysts await clarity on the pace and timeline of recovery

To offset higher gold costs, retailers are focusing on exchange, lower price points

Strong launch pipeline, improving balance sheet and potential gains from higher land prices at Palava underpin brokerages' positive outlook on Lodha Developers

Focus on core categories, innovation and new businesses offers growth potential, but analysts say consistent delivery under the new leadership will be critical

Brokerages have a mixed outlook on the stock, with leadership transition a concern, while growth opportunities and reasonable valuations offer support

Broad-based category growth, premiumisation and localisation support LG Electronics India's outlook, though the recent stock rally has raised valuation concerns

Brokerages have raised Bosch's FY27 earnings estimates by 3-11 per cent after a strong June quarter, while the stock has rallied 17.7 per cent over the past month

Improving NIMs, which hit record low in Q1, a key medium-term trigger

Strong volume growth in Europe and India is expected to support Balkrishna Industries, while calibrated price increases could help margins recover gradually

The move opens a larger addressable market but analysts see state-level regulatory complexity, limited distribution synergies and weak near-term earnings contribution