Despite a prolonged market correction in March, Aditya Kondawar of Complete Circle Capital has been actively investing in BFSI, automobiles, and defence. He highlights cleaner balance sheets in BFSI, a decadal growth outlook for autos driven by rising aspirations, and a structural shift in defence manufacturing due to modern warfare trends.
Suzlon Energy shares have surged 20% in a month as rising power demand and reduced gas and hydro output amid the Iran-US conflict boost wind energy’s relevance. JM Financial sees the company as an unintended beneficiary, citing strong evening demand, improved execution outlook, and over 30% upside potential.
Shares of Billionbrains Garage Ventures fell 2%, snapping a five-day rally, even as brokerages initiated coverage with bullish views. BofA and JPMorgan highlighted strong growth prospects, profitability and market leadership, while flagging near-term risks from market slowdown and potential supply overhang following the expiry of the post-IPO lock-in period.
Indian bonds eased after recent gains as upcoming debt auctions and evolving US-Iran peace talks kept investors cautious, leading to a rise in yields.
MCX has delivered over 150% returns in a year, far outperforming global exchange operators, as structural reforms, rising derivatives volumes and strong retail participation boost its earnings outlook. Experts say its monopoly in commodity derivatives and improving operational performance continue to fuel investor interest despite stretched valuations.
Suraj Estate Developers’ shares rose sharply on Thursday after the company acquired a Dadar (West) land parcel valued for a project with Rs 100 crore GDV. The Rs 18 crore acquisition strengthens its South-Central Mumbai pipeline, with management saying the deal boosts medium-term revenue visibility and long-term growth.
Om Power Transmission’s ₹150 crore IPO allotment was finalised on Wednesday after a modest 3.33x subscription, led by stronger HNI participation. Shares will be credited and refunds processed on April 16, with listing scheduled on April 17 on the BSE and NSE. Investors can check allotment status via the registrar MUFG Intime India or on the BSE website.
Indian markets extended their rally on Thursday, driven by optimism over easing US-Iran tensions and softer oil prices, which lifted investor sentiment. The gains were broad-based across sectors and market segments, with most stocks advancing and volatility easing, although Reliance Industries was among the few laggards.
Ola Electric shares have rebounded sharply, surging 68% in under 10 sessions, while Ather Energy gained 16% over the same period. Despite the recovery, Ola remains down 75% from its Rs 157 peak and nearly 50% below its issue price. In contrast, Ather Energy has surged 172% from its IPO price within a year of listing.
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