Public sector banks are rallying, sparking debate on their valuations compared to private lenders. Rahul Arora sees opportunities, especially in SBI and Bank of Baroda. He notes a significant valuation gap remains, suggesting further upside potential for PSU banks. Private banks face growth limitations due to large balance sheets. Global fund flows could favor banks if capital returns to India.
Indian IT stocks witnessed a sharp rise on Wednesday as a global anti-AI trade drove investors toward safer technology names. Analysts say fading enthusiasm for AI stocks could boost FPI flows into India, while Infosys also drew attention ahead of its Rs 18,000-crore share buyback opening Thursday.
Tenneco Clean Air India made a strong market debut with a 27% listing premium before slipping nearly 5% as early profit-taking set in. Analysts cite strong parentage, technological capability, and margin strength, but advise caution given sector cyclicality. Experts suggest partial profit-booking while holding the remainder with a stop-loss near Rs 480.
LG Electronics India shares saw an uptick on Wednesday after Morgan Stanley initiated coverage on the stock with an overweight rating, highlighting strong margins, capital efficiency, and growth potential from new manufacturing, exports, and B2B operations. While near-term FY26 earnings may dip, medium-term expansion and localisation efforts are expected to drive revenue, margins, and steady earnings growth through FY28, the brokerage said.
