The Compass

Tata Capital growth outlook stays positive despite near-term headwinds

Retail and SME momentum supports Tata Capital's 23-25 per cent growth guidance, though funding costs, high crude prices and proposed RBI rules remain key risks

Zomato, Swiggy's competitive intensity in qcom may inch up in medium term

India is a functional duopoly when it comes to food delivery though there are challengers to Eternal (Zomato) and Swiggy

Domestic demand for non-ferrous metals set to rise 8-9% in FY27

Global supply disruptions and low inventories have triggered a rise in prices by 30-40 per cent across April-Aug 26

Higher-than-expected 40 bps UPI fee set to boost fintech earnings

The framework excludes UPI-linked CC payments, and is expected to affect only 4 per cent of merchant transaction volume.

Omnia buy adds to Solar Inds' explosive growth, but valuations high

The $1.35 billion all-cash acquisition will expand Solar Industries' global explosives footprint, strengthen supply chains and add exposure to new international markets

Ather Energy on a long growth road, but hurdles remain along the way

Rising electric two-wheeler adoption, capacity expansion and a mass-market platform could drive Ather's growth, but competition and supply risks remain

Distribution expansion, new products to drive HDFC AMC's growth

HDFC AMC is betting on wider distribution, new products and alternative investments to drive AUM growth, even as higher costs and margin pressure weigh on performance

Elevated oil prices to weigh on OMCs after sequential gains in Q2

OMCs are likely to report sequential improvement in Q2FY27 on stronger refining margins and lower LPG under-recoveries, but H2FY27 faces significant downside risks

Defence growth trajectory remains elevated, but execution holds the key

Rising defence orders and policy support point to strong growth for domestic manufacturers, but supply-chain gaps, lumpy spending and execution remain key risks.

Order inflow boost, revenue visibility for GE Vernova T&D India

L-1 status for the Barmer II-South Kalamb HVDC order could lift the company's order inflow to around Rs 23,100 crore, nearly four times its FY26 revenue

Volume gains, diversification into coal and minerals to drive NMDC growth

NMDC targets 60 MT of iron ore production in FY27 and plans to start commercial thermal coal output as it diversifies into coal, critical minerals and rare earth elements

Ultravolt enters crowded field but demand likely to hold the wires

UltraTech's Ultravolt enters a growing wires and cables market with significant capacity, as investors track demand, pricing, margins and competitive intensity

Cost pressures likely to impact near-term margins of cement companies

Higher fuel, freight and packaging costs could keep profitability under pressure, while cement demand is expected to regain momentum in the second half of FY27

Higher demand, e-auction premiums improve outlook for Coal India

Strong power demand, higher e-auction premiums and the proposed Mahanadi Coalfields IPO offer earnings and value-unlocking triggers despite modest Q1 results

Gains for power stocks hinge on project execution, valuations and demand

Utilities are expanding renewable, hydro and storage capacity as power demand rises, but project execution, regulatory uncertainty and valuations remain key

Power, defence and data centres to drive capital goods order inflow

Strong private capex and government spending support the outlook, while commodity costs, West Asia disruptions and stretched valuations remain key monitorables

After strong Q1, NBFC outlook for FY27 robust despite margin pressure

Strong AUM growth and steady credit demand support the outlook, though higher borrowing costs, competitive intensity and potential rate increases could weigh on margins

Steel sector outlook strengthens as demand holds firm, input costs ease

Steelmakers expect strong domestic demand and volume recovery to support growth, while softer input costs and downstream investments could aid margins in H2FY27

Improving credit costs may drive stronger earnings growth for SBI Card

Better asset quality and lower delinquencies are expected to support earnings, though slowing card spending, higher funding costs and limited margin expansion remain risks

TCS eyes cross-selling, expansion to offset margin hit from MHP buy

The €320 million acquisition could pressure near-term margins due to MHP's onsite-heavy model, but offers TCS cross-selling opportunities and a stronger European presence