Page 21 - Industry Report

Educational institutions' income to rise 11-13% in FY26, FY27: Crisil

The report added that operating margins are expected to remain steady at 27 to 28 per cent as these institutions will incur higher staff salaries and other related costs

Systematix bullish on water EPC; initiates 'Buy' on VA Tech Wabag, EIEL

Systematix has set a target price of ₹1,840 for VA Tech Wabag, implying an upside of 53 per cent, and ₹346 for Enviro Infra Engineers, indicating an 83 per cent potential gain

JM Financial pegs 9.8% YoY rise in Nifty50 PAT in Q3FY26; check top drivers

The growth, according to analysts Venkatesh Balasubramaniam, Shanay Mehta and Shalin Choksy, will be led by IT services, automobiles, metals & mining, telecom and industrials

Sugar Industry headed for crisis, warns Elara Capital; flags policy holdup

The sugar-ethanol sector, Elara said, is once again losing luster, adding that without policy interventions, the industry may be staring at another crisis

Hitachi Energy, GE Vernova shares sink up to 11% in 2 days; time to buy?

Power equipment stocks plunged for a second day amid reports the government may ease curbs on Chinese firms bidding for contracts. Hitachi Energy, GE Vernova, CG Power fall

Indian CRDMO market to outpace APAC; HDFC Sec starts coverage on top firms

While HDFC Securities has assigned a 'Buy' rating to Divi's Labs, Sai Life Sciences, and Piramal Pharma, it has given an 'Add' rating to Anthem BioSciences and a 'Reduce' rating to Laurus Labs

JK Cement, Birla Corp downgraded at JM Financial; cement Q3 preview

JM Financial expects companies under its coverage to deliver robust growth of around 10 per cent Y-o-Y on a comparable basis in the third quarter

IDFC First rises as Nomura starts coverage with 23.5% upside forecast

Nomura rated IDFC First Bank 'Buy' and gave a target price of ₹105

Mixed Q3 seen for building materials; wood panels to lead: Elara Capital

Elara Capital analyst Amit Purohit said some players in the sector could still deliver double-digit volume growth despite broader demand headwinds.

Elara Capital expects strong Q3 for Ports & Logistics cos; check top picks

Elara Capital has given a Buy rating to its top ports and logistics picks, including Adani Ports & SEZ, JSW Infrastructure and Delhivery

Indian pharma cos' new drug filings decline to 20-year low, Nomura says

Abbreviated new drug application filings have declined to 600 in the financial year 2025 (ending in September) versus 740 in the preceding year, Nomura said

Motilal Oswal sees higher Q3 profits for Oil & Gas cos; RIL, OMCs to lead

Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y

JM Financial sees steady growth in financials; favours select bank stocks

Among its top stock picks, JM Financial continues to back large lenders, including State Bank of India (SBI), ICICI Bank, Bank of Baroda (BoB), and Axis Bank

B&K Sec bullish on recycling; initiates 'Buy' on Gravita, Ganesha Ecosphere

B&K Securities has initiated coverage on Gravita India, Pondy Oxides & Chemicals, Jain Resource Recycling and Ganesha Ecosphere; here's why

Motilal Oswal's sector of the week: Auto; check top bet and target price

Lean inventory levels at the end of calendar year 2025 indicate better demand-supply alignment and set the stage for continuous momentum into the coming quarters, according to Motilal Oswal

Emkay names TVS Motor, Ather, Maruti as preferred auto plays; here's why

The momentum was not limited to retail-focused segments, the brokerage noted. The medium and heavy commercial vehicle (MHCV) industry showed clear signs of revival after a prolonged 15-month downturn.

FMCG Q3 growth dull; recovery amid tailwinds key for valuations: Analysts

In the latest note on the consumer goods sector, Emkay analysts Nitin Gupta and Mohit Dodeja estimated revenue growth of around 6% Y-o-Y & Ebitda growth of about 7% for listed FMCG players in Q3.

Q3FY26 Cement Preview: Axis Sec sees volume, revenue growth on weak pricing

Cement companies are expected to report robust topline and volume growth amid weak pricing power during the third-quarter of the financial year 2026

JM Financial expects steady ARPU growth for telcos in Q3; Jio, Airtel lead

JM Financial has maintained its 'Buy' rating on Bharti Airtel, Bharti Hexacom and Tata Communications

Capital goods, defence outlook strong in Q3; BEL top pick: Motilal Oswal

The brokerage highlights a robust export outlook for companies in renewables and T&D, with select EPC and product companies benefiting from international demand.