Page 19 - Industry Report

Resilient housing demand keeps top realty developers on FY26 track: Nomura

Nomura highlights that developers are on track for a third consecutive quarter of steady sales momentum, driven largely by sustained interest in branded residential offerings.

Safeguard duty extension lifts outlook for steel sector in 2026: Antique

Antique said it prefers steel companies with strong market presence, higher raw material integration, low leverage and greater exposure to the domestic market

Elara sees slower re-rating for mid-tier banks, favours large pvt lenders

While the consensus outlook for FY27 remains positive for the sector, Elara believes that a stronger liability franchise will be key, with risk-reward ratio more favorable for frontline private banks

PL Capital initiates coverage on JK Cement, JK Lakshmi, JSW Cement; details

The brokerage has an 'Accumulate' rating on JK Cement for a target of ₹6,173 per share; 'Buy' rating on both JK Lakshmi and JSW Cement with a target of ₹891 and ₹143, respectively

Maruti, M&M, TVS Motor drive strong auto finish in 2025: Motilal Oswal

In passenger vehicles, the brokerage expects the segment to post 19 per cent year-on-year (Y-o-Y) growth in dispatches in December, broadly in line with retail trends.

Indian IT faces near-term headwinds; Antique picks top three stocks

Antique expects near-term moderation in technology spending in the US, given subdued consumer confidence and cautious end-demand trends

QSR recovery falters in Q3 as value-led demand dominates, says PL Capital

PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.

₹3.3-trillion defence approvals lift visibility; Motilal Oswal backs PSUs

In its winter session, the Defence Acquisition Council (DAC) approved capital acquisition proposals worth ₹79,000 crore, taking total approvals in FY26 year-to-date (Y-T-D) to around ₹3.3 trillion.

Motilal Oswal sector of the week: Oil & gas; check top bets, target here

According to Motilal Oswal Financial Services, the sector has also benefited from a series of regulatory and taxation reforms aimed at improving affordability and project viability

Production sprint: IIP growth hits two-year high of 6.7% in November

The Index of Industrial Production (IIP) quick estimates for November signalled a 4.5 per cent uptick from levels seen in October

PL Capital bullish on solar equipment space; backs Premier, Waaree Energies

PL Capital has initiated coverage on Premier Energies, Waaree Energies, and Vikram Solar, maintaining a positive outlook on all three renewable equipment manufacturers

Antique prefers domestic-focused pharma firms; resumes coverage on 4 stocks

Antique resumed coverage on Torrent Pharma with a 'buy' rating, Cipla and Dr Reddy's Lab with 'hold' ratings, and Concord Biotech with a 'buy' rating

Q3FY26 bank earnings to improve, but NIM concerns loom: Elara Securities

Elara Securities sees the outlook for the third quarter of the current financial year to be better for banking and financial sector. It picked ICICI Bank and State Bank of India as its top pick.

Infrastructure capex growth normalising, private investment edging up

Between FY26 and FY30, infrastructure capex is expected to rise to ₹90-100 trillion, up 60 per cent from ₹59 trillion over FY21 and FY25

Tyre stocks to ride demand, margin tailwinds; global risks may bite

But global uncertainties triggered by US tariffs and geopolitical tensions may put the brakes on, say brokerages

RVNL, IRFC, IRCTC: Railway stocks rally up to 12% in trade; here's why

Railway stocks surged after the Indian Railways implemented a revised passenger fare structure which marks the second fare hike in the 2025-26 financial year

GST reset brings balance back to India's commercial vehicle market: Antique

Following Covid-related disruptions, large fleet operators overwhelmingly opted for the 12 per cent FCM route, claiming ITC benefits on truck purchases.

Retailers ramp up women hiring as sector reshapes frontline teams

The gender gap is widest in FMCG feet-on-street sales, where demanding travel, tough targets, low pay and poor facilities keep women below 5 per cent

Festive boost fizzles amid weak QSR demand; Elara backs Jubilant FoodWorks

Based on channel checks, Elara Capital analysts said the QSR universe is seeing soft demand trends in the current quarter, even after recent GST rate cuts.

Motilal Oswal expects revival in luggage sector; retains Buy on VIP, Safari

Motilal Oswal expects improved margin stability across the sector, aided by moderation in discounting and a strategic shift towards profitability