Page 22 - Industry Report

US-Venezuela conflict unlikely to affect India trade: GTRI report

The US-Venezuela conflict will have a negligible impact on India's trade with the South American country, think tank GTRI said on Sunday. On January 4, American forces carried out a large military operation in Venezuela, capturing President Nicolas Maduro and his wife and taking them to the US to face various charges, including narco-terrorism and drug trafficking. "India faces negligible impact, as trade with Venezuela has collapsed under sanctions, with crude imports down 81.3 per cent in FY2025 and overall bilateral trade remaining marginal," the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. For India, he said, the Venezuelan disturbance is unlikely to have any material economic or energy impact. Although India was a major buyer of Venezuelan crude in the 2000s and 2010s, bilateral engagement has weakened sharply since 2019 due to US sanctions, which forced India to cut oil imports and scale back commercial activity to avoid secondary sanctions, he added.

Auto sales review: Analysts optimistic on sector amid strong Dec growth

TVS Motor, Maruti Suzuki India, Mahindra & Mahindra, and Ashok Leyland are some of the top picks of brokerages

Capital goods firms' revenues seen up 10% YoY in Q3: Elara Capital

Elara Capital expects its capital goods universe to clock 12 per cent sales growth in Q3, while consumer electricals and durables are seen growing 22 per cent Y-o-Y

JM Fin expects cement price recovery from April 2026; UltraTech top pick

Industry demand likely grew in low double digits year-on-year (Y-o-Y) in December 2025, reflecting broad-based improvements across regions

IT cos eye CY26 rebound as AI demand outweighs Q3 weakness: Motilal Oswal

After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.

Why does Elara Capital prefer fertilisers over agrochemicals? Top bets here

Elara Capital continues to prefer fertiliser companies over their agrochemical counterparts due to several growth opportunities offered by the sector without any meaningful risk

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