Motilal Oswal initiated coverage on V2 Retail with a Buy rating and a ₹275 target, implying around 27% upside. The brokerage is bullish on the retailer’s tier-II/III focus, strong store economics, high private-label mix and disciplined inventory management, which it believes offer significant room for growth.
UltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable.
IFCI shares rallied 6% after Sebi approved NSE’s much-awaited IPO, clearing a key hurdle for the exchange’s listing. IFCI has indirect exposure to NSE through its majority stake in Stock Holding Corporation of India. The stock has surged over 500% in three years, with analysts seeing further upside.
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities. The graphite electrodes business will move to HEG Graphite, while the existing listed company will retain advanced materials, battery energy solutions and green power businesses and be renamed HEG Advanced Materials.
Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.
PVR Inox shares fell after reports that the company asked senior executive Pramod Arora and others to leave in April following an internal probe into alleged kickbacks of up to ₹200 crore from cinema property developers. The investigation reportedly found irregularities and sought to determine the extent of the alleged wrongdoing.
The recent GST reforms have significantly impacted the automotive stock market following a rate cut announcement. Notably, Sona BLW Precision Forgings and Samvardhana Motherson International registered impressive growth. Meanwhile, Bajaj Auto, TVS Motor, and Ashok Leyland saw positive movement ahead of their earnings reports. On the downside, stocks like Mahindra & Mahindra and Maruti Suzuki India lagged. Future prospects appear promising, driven by advancements in electric vehicles and fleet modernization.
VA Tech Wabag shares rose nearly 3% after securing a medium-sized repeat order from Reliance Industries to design and commission an advanced Effluent Treatment Plant at Jamnagar’s Dhirubhai Ambani Green Energy Giga Complex. The project will use advanced chemical, biological and sludge treatment technologies and is scheduled for completion within 13 months.
HFCL shares gained nearly 5% after the company’s FY26 Annual Report highlighted a 113% year-on-year surge in its order book to Rs 21,206 crore. Strong growth in revenue, EBITDA and profit, along with a fresh Rs 2,329 crore export order, further strengthened the company’s growth outlook.
Shares of Avalon Technologies rose sharply on Monday after Nomura raised its target price to Rs 2,767 from Rs 2,211 while retaining a Buy rating. The brokerage said Avalon’s joint venture with Zollner Electronic will expand its capabilities, add global customers and support entry into healthcare, test and measurement, and European markets.
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