Solar Industries’ Omnia acquisition could reduce the defence segment’s revenue contribution to 22-25% by FY30, Jefferies said, while agriculture and explosives gain a larger share. The brokerage expects near-term EPS dilution and higher leverage but retained its Buy rating, citing potential earnings growth of over 30% and ROE above 25%.
Bank of America Securities projects that the Nifty index could soar to 26,200 by the end of this year. They have pinpointed twenty-two Indian stocks as prime investment prospects, with a strong emphasis on the financials, industrials, and auto sectors. Additionally, power utilities and oil and gas companies are also in the spotlight. The brokerage estimates a promising 12% upside potential for this benchmark index.
The Bank of Japan is expected to raise its policy rate by 25 basis points to a 31-year high of 1.25% as rising oil and import costs intensify inflation risks. Investors will watch Governor Kazuo Ueda’s guidance for signals on further monetary tightening.
Saatvik Green Energy shares surged 10% after the company secured a Rs 1,041.63 crore solar PV module supply order from SECI, with execution scheduled by December 2027. The order comes amid growing demand for solar modules and renewable energy capacity.
Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000. Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier.
The US Federal Reserve is expected to raise interest rates by 25 basis points, with markets pricing in a high probability of a hike after inflation remained elevated and oil prices stayed above $100 a barrel. The move could push Treasury yields higher, pressure global equity valuations and weigh on foreign flows into emerging markets such as India.
NSE’s Rs 22,562 crore IPO is entering a crowded primary market week alongside 10 other public issues. Analysts expect the exchange to retain investor attention despite the competition, citing its dominant market position and scarcity value. However, valuation, regulatory risks and dependence on transaction charges remain key factors investors should consider before subscribing to the issue.
Japan’s Nikkei was largely flat on Wednesday as investors stayed cautious ahead of interest-rate decisions from the US Federal Reserve and Bank of Japan. Weakness in chip stocks offset gains in energy and trading shares, while the broader Topix outperformed.
France may support former Dutch central bank chief Klaas Knot to succeed Christine Lagarde as ECB president in exchange for a French candidate getting the chief economist role, according to Reuters sources. Other names in contention include Pablo Hernández de Cos, Joachim Nagel and Nadia Calvino.
CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company a potential direct beneficiary. From October 15, merchants will pay 0.4% MDR on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.
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