SpaceX shares surged 8% to a June-high close after Morgan Stanley reiterated its bullish outlook, citing AI, chipmaking and Starship opportunities. Elon Musk confirmed ongoing TSMC talks for potential chip production, while Starship Flight 15 could provide another catalyst. The rally also pushed Musk’s estimated wealth above $1 trillion.
Hong Kong stocks gained on Tuesday, led by pharmaceutical and technology shares, with the Hang Seng rising 0.78% and Hang Seng Tech Index advancing 0.87%. Biotech firms WuXi Biologics and Sino Biopharmaceutical rallied over 4%. Property stocks remained weak amid residential market concerns, debt pressures and refinancing risks among developers.
Analysts are bullish on names including Trent and IndiGo and see strong upside from current levels.
As the festive season approaches, savvy investors should keep an eye on six promising stocks that analysts highlight. Notable mentions include Lenskart, Arvind, and Varun Beverages, which present notable potential for growth. Furthermore, OMNI, IT BeES, and Sudarshan Chemical Industries are also on the watchlist. Detailed target prices and recommended buy ranges are available. Conduct your thorough research before diving into the market.
Trent shares surged 13% after the Tata Group retailer reported strong Q2 revenue growth and crossed the 1,000-store milestone for Zudio. Morgan Stanley and HSBC remain bullish, while Citi stays cautious over margins, competition and revenue per square foot.
Jefferies is favouring largecaps as rising bond yields pressure Indian equities, citing relatively attractive valuations and a narrowing earnings gap with midcaps. The brokerage has added Kotak Mahindra Bank and Reliance Industries to its preferred portfolio.
Newly-listed Steamhouse India shares hit the 10% upper circuit after the company reported an 80.25% year-on-year rise in Q1 FY27 net profit to Rs 18 crore. Revenue from operations rose 13.35% to Rs 129 crore, while margins improved 700 basis points to 24.05% during the quarter.
AWL Agri Business shares rose nearly 4% after Q2 revenue grew 24% year-on-year, driven by strong performance in Food & FMCG and Industry Essentials. Food & FMCG revenue jumped 33%, surpassing Rs 2,000 crore. Pulses, exports, e-commerce and specialty chemicals also recorded robust growth, while edible oils posted steady volume gains.
NSE shares have slipped below their IPO price after a brief listing-day rally, wiping out nearly Rs 41,000 crore from the exchange’s peak market value. Despite the decline, analysts remain bullish, citing NSE’s dominant market position, strong profitability, cash generation and India’s long-term capital-market growth potential.
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