Kotak Institutional Equities reports that rising crude oil prices benefit upstream companies like ONGC and Oil India, increasing their EPS. Surprisingly, OMCs (BPCL, HPCL, IOCL) may also gain if the government maintains current pump prices, leading to potential margin expansion. While refining margins are modest, improved marketing profitability could offset these concerns.
Amit Khurana of Dolat Capital anticipates limited market movement in the coming quarter due to headwinds, suggesting a cooling period before renewed buying. Upside potential is capped, while downside risk is protected. He advises a neutral stance on the pharma sector for FY26, citing normalizing tailwinds and US trade tariffs, but favors JB, Ajanta, Cipla, and Torrent.
The investment was made in InCred Holdings Ltd, the parent of tech-driven NBFC InCred Financial Services, which operates across consumer, SME, and education lending.
Banking sectors net profit rose just 4.9% YoY in Q4 FY25the slowest in 17 quartersdue to weak private bank performance, SBIs earnings drop, and pressure on margins. Upcoming rate cuts and liquidity measures may ease stress ahead.
Indogulf Cropsciences IPO will open on June 26 and close on June 30, with a price band of Rs 105111 per share. The Rs 200 crore issue includes a Rs 160 crore fresh issue and an OFS of over 36 lakh shares. Proceeds will fund working capital, debt repayment, and a new DF plant in Haryana.
BSE Ltd and InterGlobe Aviation may soon be part of the Nifty 50 index. A reshuffle is expected in August. The revised list will likely be effective from September. IndusInd Bank and Hero MotoCorp might be removed. BSE is expected to meet all requirements. IndiGo has shown consistent market presence. BSE shares have given great returns.
Sowilo Investment Managers' Sandip Agarwal suggests caution for Indian IT. Accenture's CY25 outlook is uncertain. This casts doubt on Indian IT's H2 recovery hopes. While numbers are good, outsourcing weakness and Accenture's commentary raise concerns. IT stock valuations seem high. A bottom might appear when companies delay pay and offers. Currently, risk outweighs reward in the IT sector.
Zee Entertainment shares surged over 10% after the company outlined plans to achieve breakeven in its digital arm Zee5, boost ad revenue by 810%, and raise operating margins. Strategic initiatives include improving viewership, strengthening liquidity, and issuing warrants to enhance capital.
