Industry Report

Export demand, margins of tile sector likely to take a hit in Q4 FY26

The tile industry could see drops in production and drastic margin compression, as energy costs, which are usually 20-25 per cent of net sales, could spike enormously

IndiGo, SpiceJet shares rally up to 8% on easing oil prices

Notably, airline companies benefit from lower fuel prices, as aviation turbine fuel (ATF) accounts for a significant portion of their operating costs

Nomura retains confidence in Indian steel cos; Tata, JSW among top picks

Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600

Middle East crisis to boost defence demand; Motilal Oswal favours 4 stocks

Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products

Infosys, HCL Tech FY27 guidance may steer IT stocks amid AI fears: HSBC

With AI concerns continuing to put pressure on Indian IT stocks, analysts at HSBC expect Infosys and HCLTech's FY27 guidance could be the key catalyst for the sector

Nirmal Bang upbeat on stationery stocks; initiates 'Buy' on Linc, DOMS

Nirmal Bang has initiated a 'Buy' on DOMS Industries, Flair Writing Industries, and Linc, while maintaining a 'Hold' on Kokuyo Camlin Ltd.

UBS downgrades HPCL, BPCL, IOC stocks as crude prices breach $100/barrel

UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl

Sugar stocks defy weak market to rally up to 8%; here's why

The rally in sugar stocks followed a sharp spike in crude prices, with brent rising above $115 per barrel amid escalating tensions involving the US, Israel, and Iran

United Spirits, UBL top picks after Karnataka alcohol policy: Analysts

Karnataka's new alcohol policy may benefit United Spirits and United Breweries as tax reforms and pricing flexibility could drive premiumisation, analysts said

FMCG stocks fall as rising commodity prices threaten margins: Nomura

Nifty FMCG index dropped 2.4 per cent today as commodity prices rise amid Iran war. Nomura warned that higher input costs could hurt margins of HUL, GCPL and Colgate Palmolive in Q1FY27

Elara turns cautious on autos as macro headwinds weigh on global demand

On the positive side, the CV demand outlook from Volvo Group, Elara said, has been upgraded, with the company now expecting growth of 2.9 per cent in Europe and 2.7 per cent in the US in CY26

HDFC Sec initiates coverage on 8 defence stocks; HAL, BEL among top picks

The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts

West Asia war: RIL to benefit, OMCs, CGDs may face margin hit, says Nomura

Iran war impact: Nomura sees windfall gains for refiners like RIL but margin squeeze for Indian Oil, BPCL and HPCL amid rising crude and gas disruptions

Nomura bets big on realty; Prestige Estates, Lodha, ABREL, Oberoi top picks

According to Nomura, the latest trends indicate that India's real estate sector is in a mature phase rather than entering a slowdown

Nifty50 earnings revision indicator slips back into negative territory: NSE

After remaining firmly in negative territory through much of last year and into June 2025, the ERI improved gradually, though it has softened again in recent months

JPMorgan bullish on port sector; initiates 'OW' on Adani Ports, JSW Infra

JPMorgan has initiated coverage on Adani Ports and JSW Infra with an 'Overweight' rating

Iran war may disrupt chemical supply chains; stay stock selective: Emkay

Iran-Israel-US war may disrupt chemical supply chains and raise prices, says Emkay Global. Brokerage advises investors to pick chemical stocks with lower Middle East exposure

Record Feb dispatches lift Nifty Auto index 1%; GST 2.0 seen aiding demand

According to FADA, February 2026 emerged as best-ever February for 2W, 3W, CV, PV, tractors and overall retail. Data showed that retail vehicle sales jumped by 25.6 per cent Y-o-Y to 24,09,362 units

Antique starts coverage on AHFCs; Aadhar Housing, Home First top picks

Antique said fixed-rate dominated lenders benefited from yield stability amid falling rates, while floating-rate players relied on faster balance sheet transmission

Transit shock! Why Kotak Sec has sell on OMCs, Petronet LNG, IGL, MGL?

The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted