The Compass

JSW Steel's BPSL restructuring and its 50:50 JFE JV signal major deleveraging and a cleaner structure, adding tech benefits even as consolidated operating profit is expected to moderate

Hitachi Energy India posted strong Q2FY26 margins and revenue on a solid order book and export demand, but HVDC's long gestation and rich valuations may cap gains despite an upbeat outlook

Public sector banks are poised for improved credit growth, lower stress costs and stronger profitability as margins stabilise and policy support boosts lending momentum

Weak Q3 pricing persists despite Y-o-Y profit gains, as aggressive capacity expansion overshadows near-term demand

PNGRB's lower-than-expected tariff hike has dampened sentiment around GAIL, with analysts expecting only modest earnings support even as transmission volumes

SBI Cards is expected to benefit from easing credit costs and improving asset quality, with rising spends and better portfolio performance likely to support stronger growth ahead

Global oversupply and Chinese exports continue to weigh on prices, but strong domestic demand and expected duty support could help stabilise Indian steel prices by the final quarter of FY26

The gross margin improved 100 basis points (bps) Y-o-Y to 35.6 per cent, while operating profit margin came in at 18.1 per cent, lower than the previous three quarters

India's IT sector is showing signs of stabilising demand, improving deal momentum and rising AI-led productivity, with analysts turning modestly positive on earnings as firms regain confidence

Shriram Finance delivered a better-than-expected Q2FY26, with stronger margins, stable credit costs, and improving vehicle and MSME trends, supporting a confident outlook for the rest of the year

A lumpy hyperscaler project lifted growth and margins, though management cautions that similar orders may not repeat and exports could soften

Weak order inflows, margin strain and prolonged QCO-related friction are prompting analysts to trim estimates and flag valuation risks for ABB

OIL's oil and gas production was 13-14% lower than guidance in FY25, and recovery did not come in the first six months (H1) of FY26

Siemens posts mixed Q2FY26 results with strong mobility and smart infra growth, softer margins and below-estimate order inflows amid demerger-related adjustments

Muthoot Finance posted robust Q2FY26 earnings driven by higher gold prices and strong AUM growth, but analysts flag risks from yield pressure, NIM compression and regulatory uncertainty

Volume growth in low double digits and lower raw material costs lifted margins for Asian Paints, though management remains cautious amid intense rivalry and extended monsoon impact

Though ONGC's Q2FY26 results met expectations, analysts remain cautious amid weaker crude realisations, delayed production ramp-up, and trimmed output guidance for FY26 and FY27

Stress in consumer loans may be reducing as collections are improving in the rural B2C segment

Trent will tender around a 15 per cent stake in Inditex Trent Retail (Zara India) for ₹150 crore at ₹15,422 per share in a buyback

LIC reported a 5% rise in premium income and 12% growth in VNB for Q2FY26. With non-par policy growth and improved margins, analysts see room for a positive rerating