Indian Equities

In a note starting coverage on USL with a 'Buy' rating & target of ₹1,650, Nomura said the sector is seeing a paradigm change as consumers move away from 'drinking more' to 'drinking better'.

The brokerage expects robust margin improvement, strong cash generation and healthy growth in the company's managed hotels pipeline to drive earnings over the medium term.

BofA expects Meesho to deliver a 26% Net Merchandise Value (NMV) CAGR over FY26-29, driven by 15% CAGR in new user additions and a 13% CAGR increase in order frequency.

The Bengaluru-based design and engineering solutions firm posted revenue of $107 million in Q3, up 3.2% Q-o-Q in constant currency (CC) terms, ahead of estimates of 1.8 per cent Q-o-Q.

Around 10:30 AM, RailTel share price was trading 1.22 per cent at ₹336.10 per share. In comparison, BSE Sensex was trading 0.23 per cent lower at 83,435.40 levels.

Most analysts highlighted that the insurer's ability to sustain margins despite the loss of GST input tax credit was the key takeaway from the Q3FY26 results.

At 1:10 PM, Omaxe shares were trading 16.15 per cent higher at ₹84.30 per share. By comparison, BSE Sensex was trading 0.6 per cent lower at 83,371.45 levels.

Grasim's chemical segment, India's largest producer of chlor-alkali and epoxy resins, continues to offer a stable growth trajectory.

Ola Electric shares surged today after the company announced the launch of its first शक्ति unit from its state-of-the-art Gigafactory in Krishnagiri, Tamil Nadu.

The brokerage said INR depreciation of about 6% Y-o-Y in Q3 has weighed on margins of OMCs and CGD players, partly offsetting the benefit of softer crude oil prices.

Indian equities were turbulent in 2025 as investors grappled with a decline in corporate earnings and uncertainty over the trade deal with the US

Indian equities log steepest one-day fall in over four months as US tariff uncertainty rattles markets and wipes out ₹7.7 trillion in value

Elara Capital analyst Amit Purohit said some players in the sector could still deliver double-digit volume growth despite broader demand headwinds.

The upgrade reflects ICICI Securities' expectation of healthy revenue growth for Latent View, with 6 per cent quarter-on-quarter (Q-o-Q) growth in USD terms anticipated in the seasonally strong Q3.

On the bourses, Billionbrains Garage Ventures' share price climbed as much as 2.7 per cent to an intraday high of ₹159.75 before paring gains to trade 0.26 per cent lower at ₹155.15 around 11:30 AM.

The brokerage lowered its target price to ₹16,598 from earlier levels, implying a 36 per cent upside from current prices.

The momentum was not limited to retail-focused segments, the brokerage noted. The medium and heavy commercial vehicle (MHCV) industry showed clear signs of revival after a prolonged 15-month downturn.

According to InCred Equities, the CV downcycle that played out over six quarters between April 2024 and July 2025 appears to be bottoming out.

Around 11:05 AM, Amber Enterprises share was trading 3.03 per cent higher at ₹6,676.25 per share. By comparison, BSE Sensex was trading flat at 85,757.91 levels.

The brokerage highlights a robust export outlook for companies in renewables and T&D, with select EPC and product companies benefiting from international demand.