The Compass

Steel prices have rebounded and domestic demand is firm, while non-ferrous metals benefit from tight LME inventories and global supply issues, supporting a positive near-term view on metal stocks

Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits

Hindalco's Q3 met expectations but analysts flagged risks from rising capex, Novelis disruptions and higher working capital needs, which could pressure leverage over the next four years

HUL posts steady volume growth and stable margins; FY27 outlook hinges on demand revival, pricing trends and execution of new strategy

M&M posts steady Q3FY26 results with robust auto and tractor growth; EV push and commodity costs seen as key factors shaping margins ahead

Eicher Motors posts strong Q3FY26 growth led by Royal Enfield volumes, but sustaining margins may be challenging amid commodity inflation and capacity expansion

Muted volumes and a miss on realisations weighed on Shree Cement's operating performance in Q3 FY26, even as lower depreciation helped lift net profit year-on-year

With domestic demand strengthening and European prices firming after CBAM, Tata Steel appears past the worst of pricing pressures, with Q4FY26 expected to see sequential improvement

Q3 FY26 net premium income was Rs 1.3 trillion, up 18 per cent year on year

Slower growth and weak LFL numbers appear priced in for Trent, with margin expansion and store additions prompting analysts to see upside in the stock

Improved production, steady pricing and rising domestic demand support outlook, though margins and execution risks remain

Domestic volumes surged and exports grew sharply in Q3FY26, aided by GST reforms, though higher raw material costs weighed on margins, with management prioritising growth over profitability

The Budget allocation is up about 9 per cent in nominal terms and, given grant-in-aid, it would push effective capex for FY27 to Rs 17.1 trillion

A surprise STT hike in Budget FY27 triggered a sharp market sell-off, with banks and metals hit hard amid worries over borrowing, bond yields and financial conditions

Despite strong Q3 earnings, improving margins and progress on demerger plans, volatile global commodity prices and high capex could restrain Vedanta's upside

L&T's Q3FY26 results show double-digit growth in P&M and services, strong margin expansion and a record order book, with overseas markets driving momentum

Asian Paints' Q3FY26 performance highlighted resilient margins and easing input costs, but slower-than-expected demand recovery and muted volume growth have raised concerns among investors and analyst

The thermal portfolio has rising contracted offtake, with long-term power purchase agreements (PPAs) accounting for 82 per cent of total power sales and volumes up 63 per cent Y-o-Y

Market leader UltraTech Cement's Q3FY26 results beat consensus. Consolidated operating profit grew 35 per cent Y-o-Y to Rs 3,920 crore

HPCL's earnings growth is set to accelerate as major projects like Vizag RUF come on stream, capex intensity falls, and operating efficiencies improve despite near-term risks