Page 2 - Industry Report

InCred turns upbeat on vehicle financiers; lifts outlook on key NBFCs

According to the analysts, disbursement growth remained soft across most lenders in Q2FY26 due to seasonality and increased caution in SME/MSME segments.

Banks at 'inflection point': IIFL sees earnings rebound, bets on Axis, HDFC

IIFL Capital forecasts flattish earnings for banks in FY26, but expects a strong rebound in FY27-28, with earnings CAGR of 21 per cent for private banks and 14 per cent for PSUs

PVC price pressure dents earnings; Nuvama says 'Hold' Astral, Supreme Ind

A sharper-than-expected decline in PVC prices following the lack of anti-dumping duty (ADD) and the withdrawal of BIS norms has further worsened the operating environment

Festive demand boosts jewellery sector; Titan remains top analysts' pick

Titan delivered a strong quarter with its core jewellery business growing 18.8 per cent year-on-year (Y-o-Y), backed by 14 per cent like-to-like (LTL) growth.

Paints set for stronger H2, says Nuvama; Asian Paints, Pidilite favourites

Asian Paints has regained momentum and is set to maintain its dominance after outperforming the industry in the September quarter, Nuvama said

Top cement companies post strong Q2 on better realisations, volumes

Low base, premium mix and new capacity supported gains

HSBC sees more upside in steel stocks in 2026; likes Hindalco, Tata Steel

HSBC on steel stocks: HSBC sees further upside in metal stocks as demand rises and imports stay restricted by policy support. Hindalco and Tata Steel get Buy ratings; Hindustan Zinc rated Hold

Motilal Oswal sector of the week: Banks; check top bets, target here

Motilal Oswal said that while PSU institutions are turning more aggressive, private lenders retain an edge through superior execution and tech-driven processes

Refining boost isn't enough; Nuvama turns selective on Oil & Gas for FY26

According to Nuvama, the outlook for OMCs is clouded by high capital expenditure commitments and rising under-recoveries, which are set to keep return ratios suppressed.

PSU Bank index leaps 30% in 2025; will private banks catch up in 2026?

Nifty PSU Bank index leads gains in 2025 as public sector lenders post strong loan growth, stable profitability and valuation comfort. Analysts expect the rally to continue into 2026

DMart to Swiggy: CLSA picks top stocks to ride India's consumption story

CLSA noted that India's largest consumption categories, those with market sizes above $1.5 billion, are concentrated in beauty and personal care products

Reliance Consumer Products eyes pet food market with steep price cuts

The products under the conglomerate's new brand Waggies will be rolled out across general trade outlets and semi-urban stores in tier-2 hubs

MFs split on IT revival as outlook improves but uncertainties remain

Split wide open as sector exposure swings from defensive 5% to bold 18%

Defence index soars 5% in 1 week; what's driving Paras, Data Patterns?

At 01:40 PM on Friday; Nifty India Defence index was the top gainer among sectoral indices, up 0.85 per cent as compared to 0.43 per cent decline in the Nifty 50.

Ecom logistics sector seeks clarity on GST rules for delivery, GTA services

MSME-focused e-commerce platforms have warned that ambiguity over GST treatment of local delivery and GTA services is creating compliance risks, potential double taxation, and operational disruptions

Nifty IT stocks extend surge, gain 5% in 3 days; Should you buy this rally?

Nuvama noted that IT services companies outperformed expectations in Q2, supported by stronger growth, margin expansion, and healthy deal wins

Fresh coat of confidence for legacy paintmakers as stocks rebound

Birla Opus' early gloss fades, giving seasoned players room to repaint the market as disruption fears dry out and demand colours back in

India's top six cities record 26% rise in new office supply; Pune leads

India's top six cities witnessed a 26 per cent annual growth in new supply of office spaces during the September quarter to 16.1 million sq ft as developers look to encash strong demand of premium workspaces from global and domestic firms, according to Vestian. US-based real estate consultant Vestian data showed that the new supply of office space was the highest in Pune at 3.70 million sq ft during the July-September period, an increase of 164 per cent from the year-ago period. In Delhi-NCR, the new office supply increased 35 per cent to 3.10 million sq ft. The fresh supply of office space in Chennai jumped 320 per cent to 2.1 million sq ft, while the supply doubled in Mumbai to 1.80 million sq ft. However, Bengaluru, the biggest office market in India, witnessed a 6 per cent drop in new office supply to 3.40 million sq ft. In Hyderabad, too, the new supply fell 51 per cent to 2 million sq ft during July-September period of this calendar year. Interestingly, Kolkata, the seventh

Nomura brushes off competition fears, turns bullish on Indian paint majors

The brokerage has upgraded Asian Paints and Berger Paints to 'Buy,' calling the stability in margins and dealer relationships a "re-rating event" for the industry.

Housing prices to rise 5-10% annually over next few years on strong demand

Housing prices are likely to appreciate 5-10 per cent annually over the next few years on better demand, according to a joint report by CII and Colliers. Industry body CII and property consultant Colliers India released a report on Thursday titled 'Real Estate @2047: Building India's Future Growth Corridors' in a conference held here. The report was released by Harleen Kaur, Deputy Secretary, Ministry of Road Transport and Highways. The report projected that annual sales could jump from 3-4 lakh units currently to 10 lakh units by 2047. "Annual sales can potentially double and reach 1 million housing units by 2047, driven by rising income levels, demographic shifts and progressive housing policies. "Furthermore, driven by rising incomes, urban migration, and premium housing demand, average property prices are projected to grow at 5-10 per cent annually over the next few years," it added. Colliers India noted that the growth in sales and prices will be supported by improved ...