The Compass

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

Dixon Technologies set to gain from new mobile phone manufacturing scheme

The new mobile manufacturing scheme rewards incremental sales, localisation and domestic R&D, potentially supporting Dixon's exports and smartphone volumes

Execution delays, margin pressures weigh on road infrastructure companies

Strong order pipelines and comfortable balance sheets offer support, but project delays, commodity inflation and higher input costs continue to weigh on execution and margins

Mahanagar Gas could gain the most from new CGD incentive for domestic PNG

New policy offers additional low-cost APM gas for incremental billed domestic PNG connections, potentially cutting the payback period on PNG-related capex from 10 years to three

Oil India may offer higher upside than ONGC as crude prices stay elevated

Elevated crude prices amid West Asia tensions could boost ONGC and Oil India earnings, with the latter offering greater upside on stronger production growth

Colgate margins may moderate as higher brand investments drive growth

Colgate is prioritising premiumisation and volume growth, but higher advertising and promotional spending could moderate operating margins as it steps up brand investments

Improving margin trajectory key trigger for Voltas after strong RAC growth

Voltas grew RAC volumes 45 per cent Y-o-Y and increased market share, but low margins remain a concern as analysts cut earnings estimates and await margin expansion

Margin pressure may trigger earnings downgrades for Siemens in FY27

Siemens' Q1FY27 revenue met estimates, but commodity inflation, currency fluctuations and elevated input costs weighed on margins and profitability across segments

Strong revenue, profit growth ahead for Tata Motors CV after robust Q1 show

TMCV is set for double-digit revenue and profit growth in FY27, backed by strong demand, market share gains, exports and improving cash generation

Leadership transition may weigh on GCPL's near-term business outlook

Sudhir Sitapati's sudden exit has raised concerns over execution and strategy, though GCPL has retained its guidance and appointed internal executives to key roles

Naukri, 99acres power Info Edge growth as Q1FY27 operating margins improve

Recruitment billings rose 17.5 per cent year-on-year, while 99acres moved close to breakeven as competitive intensity eased and billings grew 16.5 per cent

Healthy order inflows, margin expansion brighten outlook for Hitachi Energy

Hitachi Energy's order inflows, excluding HVDC, rose 26 per cent Y-o-Y to Rs 5,100 crore, while its order book increased 11 per cent to Rs 32,200 crore in Q1FY27

LIC's improving growth trajectory, VNB margin expansion support outlook

LIC's value of new business rose 61.3 per cent in the June quarter as a shift towards higher-margin non-participating products supported a sharp margin expansion

Higher oil prices lift ONGC Q1, output growth remains crucial for rerating

Higher crude realisations lifted ONGC's Q1 earnings above estimates, but sustained oil and gas production growth remains the key catalyst for any meaningful stock rerating

Fashion segment may drive margin expansion for Nykaa over medium term

Nykaa's Q1FY27 results show accelerating growth, improving margins, and a strong turnaround in its fashion business, driven by premiumisation, AI-led efficiencies, and retail expansion

Eternal leads food delivery and qcom, but Swiggy shows signs of catching up

Eternal leads on market share, profitability and scale, but Swiggy's faster Ebitda growth, improving retention and product innovation could support a valuation re-rating