Connect with us
Wednesday,26-November-2025
Breaking News

Business

High Potential: Brokerages bullish on TCS, Escorts, Relaxo, HUL stocks for 2022

Published

on

For 2022, brokerage houses are bullish on a variety of stocks including TCS, Escorts, Relaxo, HUL for 2022.

Accordingly, Motilal Oswal Financial Services has given a buy call for large-cap stocks such as TCS, ICICI Bank, Bharti Airtel, L&T, Godrej Consumer Products, Divi’s Labs, Titan, Tata Motors and Reliance Industries.

In the mid-cap space, Angel One, Macrotech Developers, Ramco Cement, Zensar Tech and Devyani International are some of the top picks from MOFSL.

Further, HDFC Securities has given a ‘buy’ recommendation for these ten stocks — Aditya Birla Capital, Gail India, Hindustan Zinc, Ipca Labs, Mahindra & Mahindra, Max Financial, Max Healthcare, State Bank of India, Tech Mahindra and Zee Entertainment.

Aditya Birla Capital is the holding company of all the financial services businesses of the Aditya Birla group, and is expected to continue its credible makeover journey over the next three years.

According to Gaurav Garg, Head of Research at CapitalVia Global Research, Escorts, Relaxo, and Deepak Nitrite shares have better potential in 2022.

For Escorts, target price is seen at Rs 2,400 per share, against Rs 1,904 on Friday’s close.

The agricultural machinery maker has an annual capacity of 120,000 units of tractors. Escorts has a presence in a variety of product segments, including tractors, agri-machinery, construction equipment, and railway equipment.

In case of Relaxo, a footwear brand, the target is expected at Rs 1,800, against Rs 1,305 currently.

Relaxo has nine plants spread across three cities, with an annual production capacity of more than 20 crore pairs. Over the last ten years, the firm has had impressive revenue and profit growth of 13 per cent and 27 per cent, respectively.

Target for Deepak Nitrite is pegged at Rs 3,400, against Rs 2,491 at present.

Deepak Nitrite is a specialty chemicals producer, and is currently one of the fastest-growing in the world (second only to China), with an annual average growth of 13 per cent over the previous five years totalling $25 billion. It has a large customer base serving over 900 clients in over 40 countries and has good competitive positioning in most of its product categories.

Further, Vinod Nair, Head of Research at Geojit Financial Services is bullish on HUL, HDFC Bank, Biocon, Tata Power, Tech Mahindra, and L&T.

“We are positive on HUL considering its pricing power, distribution expansion and product innovation. Revival in urban demand given opening of markets, and resilient rural demand aided by good monsoon & sowing, higher minimum support prices and government’s initiatives to revive the economy including production-linked incentives schemes will support HUL,” Nair said.

“Margin pressure due to surge in input costs is expected to reduce owing to price hikes, operational efficiency, and improvement in product mix.”

For Biocon, Nair said that new product launches and higher operational efficiency should support long-term earnings growth prospectus.

“The company’s recent agreement with the Serum Institute of India to market Covid-19 vaccines further bolsters business prospects for Biocon. We expect a revenue CAGR of 20 per cent over FY21-23E as the earnings outlook remains positive backed by Biocon’s focus on building a large portfolio of biosimilars and scaling up of biologics business in the emerging markets.”

Tata power is well placed to capture the opportunities across the green portfolio, he said.

On its part, Sunil Nyati, Managing Director of Swastika Investmart, said he was bullish on Action Construction, Kajaria Ceramics, KPIT Technologies shares.

“I have a very bullish view of the capital goods and infrastructure sector for the next two-to-three years where my top pick is action construction equipment which is a perfect player for both capital goods and infrastructure themes. It is a debt-free company with strong growth prospects,” Nyati said.

“IT sector is the leader of this bull run and it may continue to do well as management of the companies are sounding very confident for the next five years. KPIT is one of the fastest-growing midcap IT companies which is going to be a key beneficiary of the EV theme because it is working aggressively towards software solutions for the EV industry.”

Business

Sensex, Nifty end lower over monthly Futures and Options expiry

Published

on

Mumbai, Nov 25: Indian stock markets ended in the red on Tuesday as traders reacted to the monthly expiry of Nifty futures and options contracts for the November series.

The Sensex closed 313.7 points lower at 84,587.01, a decline of 0.37 per cent. The Nifty also slipped, ending 74.7 points or 0.29 per cent down at 25,884.8.

“On the Nifty options front for the upcoming weekly expiry on December 2, significant call buildup was recorded at the 26,000 and 26,200 strike levels, while on the put side, notable additions were seen at the 26,000 and 25,500,” experts said.

Among key stocks on the Sensex, Trent, Tata Motors PV, HCLTech, Infosys and Power Grid were the top losers.

On the other hand, Bharat Electronics Ltd (BEL), State Bank of India (SBI), Tata Steel and Eternal were among the major gainers.

Sector performance was mixed. The Nifty Realty index gained 1.62 per cent, making it the best-performing sector of the day, while Nifty PSU Bank rose 1.44 per cent.

However, Nifty IT fell 0.57 per cent and Nifty Media dropped 0.80 per cent.

Broader markets were more resilient than the frontline indices. The Nifty Midcap 100 index gained 0.36 per cent, while the Nifty Smallcap 100 added 0.19 per cent — showing continued buying interest in mid- and small-cap stocks.

Market experts said the expiry-related volatility and profit booking weighed on benchmarks, while select sectors continued to see fresh inflows ahead of December trading sessions.

“Caution prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal, despite some improving signals,” analysts said.

They added that selling pressure is visible near the 26,000 level, though downside appears limited given strong domestic fundamentals, including a solid earnings outlook for H2.

“PSU banks and real estate stocks outperformed, supported by a strong revival in home loan demand and rising market share for PSU banks,” analysts mentioned.

Continue Reading

Business

India’s infrastructure market expected to hit Rs 25 lakh crore by 2030: Report

Published

on

New Delhi, Nov 25: India is entering a multi-year infra super-cycle, with the Nifty Infrastructure index delivering 2 times returns of the Nifty 50 over the past three years, a report said on Tuesday.

India’s infrastructure equities have evolved from defensive to high‑beta, high‑alpha and could nearly double in market size by 2030 to around Rs 25 lakh crore, the report from Smallcase said.

Analysts said that the growth is driven government spending and private capex revival — helped by PLI schemes, global supply-chain shifts, and manufacturing incentives.

Smallcase estimated that Rs 1 of infrastructure capex delivers roughly Rs 2.5 — Rs 3 of GDP impact.

Markets are likely to maintain a high beta to infrastructure execution; earnings visibility across engineering, construction, industrials, cement, power equipment and logistics remain robust, the report noted.

InvITs growth will be underpinned by predictable, contract-based revenue streams offering pre‑tax yields of about 10–12 per cent and post‑tax returns near 7–9 per cent generally higher than many conventional fixed-income instruments.

The Nifty Infrastructure Index returned 14.5 per cent, 82.8 per cent and 181.2 per cent over the past 1, 3 and 5 years, outperforming the Nifty 50’s 10.5 per cent, 41.5 per cent and 100.3 per cent, the report said.

“Though Infrastructure investment in India Although these assets can experience temporary fluctuations during periods of market uncertainty, their historical volatility of about 10.2 per cent is well below the equity market’s 15.4 per cent, resulting in comparatively steadier performance,” said Abhishek Banerjee, Investment manager on smallcase, and founder of LotusDew.

With a correlation of only 0.42 to equities, infrastructure platforms tend to behave similarly to utilities, producing consistent, inflation-linked income that is largely unaffected by economic swings, he added.

Continue Reading

Business

New initiative aims to strengthen India’s homegrown cyber resilience

Published

on

New Delhi, Nov 25: The government has launched a landmark Cyber Security Innovation Challenge (CSIC) 1.0 for students and researchers to work upon real-world cyber challenges, positioning the field as a viable career path and strengthens India’s homegrown cyber resilience.

The initiative, launched under the Information Security Education and Awareness (ISEA) project of MeitY, aims to building not only skilled professionals and positioning cyber security as a viable career path, but also catalysing homegrown, product-oriented solutions.

S. Krishnan, IT Secretary, emphasised the need for a two-pronged national cyber security strategy — expanding awareness of emerging threats while strengthening technological capabilities. He highlighted that CSIC 1.0 addresses both imperatives.

Krishnan said that cyber security demands a ‘whole-of-nation’ approach, echoing Prime Minister Narendra Modi’s vision of a ‘whole-of-government’ strategy.

Acknowledging the collaborative presence of MeitY, CERT-In, NSCS, AICTE, C-DAC, DSCI, and leaders from academia and industry, he stressed the importance of nurturing winning ideas beyond the Minimum Viable Product (MVP) stage, creating pathways for them to evolve into scalable solutions through collaboration with startups and industry partners.

Vinayak Godse, CEO, Data Security Council of India, provided an engaging walkthrough of CSIC 1.0’s five-stage structure and extensive problem statements, developed through months of intense deliberation between DSCI, C-DAC, and the ISEA team.

He highlighted that this first-of-its-kind initiative enables students and researchers to innovate and develop entrepreneurial mindsets from the early stages.

Professor V Kamakoti, Director IIT Madras, mentioned that the innovation challenge under ISEA Project highlights our enhanced understanding of core challenges and positions us to craft transformative solutions.

The 10 domain specific problem statements highlight areas which are aligned to the cyber security needs of the nation and require fresh, innovative thinking.

Dr Sanjay Bahl, Director General, CERT-In, highlighted ISEA’s critical role in fostering innovation that shifts the paradigm from reactive defense to proactive security.

He noted that the Innovation Challenge creates a vital platform uniting R&D, academia, and industry, with solutions from academic institutions envisioned to reach the market as deployable products.

Continue Reading
Advertisement
Advertisement

Trending