Page 2 - Devangshu Datta

Weak execution, order momentum for infrastructure firms in Q2FY27

Monsoon disruptions, higher input costs and geopolitical tensions weigh on infrastructure firms' Q2FY27 performance, though strong order books provide revenue visibility

Rising fuel costs, margin fears put cement stocks on a weak foundation

Cement demand is likely to improve, but higher fuel, packaging and logistics costs could weigh on margins and delay earnings upgrades until the fourth quarter of FY27

Soft Q2 order inflows, commodity inflation weigh on capital goods firms

Order inflows for major capital goods firms excluding L&T may fall 10 per cent Y-o-Y in Q2FY27, while higher commodity prices are likely to squeeze margins

Consumer internet majors set for robust revenue growth in Q2 FY27

Blinkit and food delivery players may post strong growth, while Instamart losses could widen; Meesho and PhysicsWallah are expected to show margin improvement

The familiar 'this time is different'

If Anthropic gets the target valuation it wants, Anthropic and SpaceX together will be worth almost as much as the entire South Korean stock market

Steel sector eyes stronger quarters as demand and realisations improve

Low inventories, stronger seasonal demand and firm prices could support steel makers, though raw material costs and domestic supply-demand trends remain key monitorables

GEC-III sector-positive, but execution depends heavily on state utilities

The ₹1.86 trillion scheme could benefit transmission, renewable energy and battery firms, but its implementation will depend on state utilities and their ability to scale up

Subscriber gains positive but Vodafone Idea yet to bridge funding gap

Improving subscriber trends and ARPU offer some comfort, but Vodafone Idea still needs substantial funding to finance its ₹45,000 crore capex plan and meet obligations

Higher fuel costs for IndiGo likely to keep profits under pressure

IndiGo's market dominance, fleet expansion and international growth offer long-term upside, but elevated fuel costs continue to weigh on margins

Despite geopolitical risks, Street remains bullish on Petronet LNG outlook

Analysts remain positive on Petronet LNG, citing Kochi growth, new revenue streams and project execution despite high spot LNG prices and geopolitical risks ahead.

Rising competition, premium valuations likely to cap gains in Meesho

Meesho's asset-light value-commerce model, Valmo logistics network and growth potential are strengths, but rising competition and premium valuations pose risks

Irdai's draft distribution norms could put insurance volumes at risk

Proposed commission caps, tighter expense limits and restrictions on loan bundling could disrupt distribution channels and lead to volume declines in the short term

Voltas eyes growth over margins in near term, bets on market share gains

Voltas prioritises market share and absolute profit as high input costs weigh on margins, while betting on data centres and backward integration for growth

Gail outlook robust as strong Q1, subsidiary listing offer value upside

GAIL's strong Q1 performance, improving gas transmission volumes and petrochemical recovery point to a robust earnings outlook, while the proposed GAIL Gas listing could unlock additional value

Tata Capital growth outlook stays positive despite near-term headwinds

Retail and SME momentum supports Tata Capital's 23-25 per cent growth guidance, though funding costs, high crude prices and proposed RBI rules remain key risks

Zomato, Swiggy's competitive intensity in qcom may inch up in medium term

India is a functional duopoly when it comes to food delivery though there are challengers to Eternal (Zomato) and Swiggy

The AI maths crisis

AI will change the way mathematics is done, and there will be a lot of bad blood before it happens

Domestic demand for non-ferrous metals set to rise 8-9% in FY27

Global supply disruptions and low inventories have triggered a rise in prices by 30-40 per cent across April-Aug 26

Higher-than-expected 40 bps UPI fee set to boost fintech earnings

The framework excludes UPI-linked CC payments, and is expected to affect only 4 per cent of merchant transaction volume.

Omnia buy adds to Solar Inds' explosive growth, but valuations high

The $1.35 billion all-cash acquisition will expand Solar Industries' global explosives footprint, strengthen supply chains and add exposure to new international markets