#motilal_oswal

Ellenberry Industrial Gases Stock Drops 60% Below Record, Brokerages Urge Buying Amid Optimistic Outlook The stock of Ellenberry Industrial Gases Limited, which had previously reached record highs, has plummeted 60% from its peak, prompting brokerages to issue bullish recommendations and set ambitious price targets. Analysts suggest that the company’s recent financial performance and projected growth could drive the shares higher despite the sharp decline. Ellenberry Industrial Gases, which listed on the stock market in June 2024, initially raised 853 crore rupees through its initial public offering (IPO) at a price of 400 rupees per share. However, the stock has since fallen significantly, dropping 35% from its IPO price by July 2025 and hitting a low of 258 rupees in recent trading. This decline has brought the shares down 60% from their record high of 637 rupees. Despite the steep drop, brokerages are optimistic about the company’s future. J.M. Financial noted that while the company’s EBITDA and net profit for the fiscal year ending March 31, 2026, fell short of expectations, its long-term growth prospects remain strong. The firm revised its 2027-2028 revenue and profit forecasts by 1-3% due to delayed revenue contributions from the eastern on-site segment. Analysts at JM Financial and Motilal Oswal have recommended buying the stock, citing potential for significant growth. JM Financial projects that the company could achieve 24% revenue growth, 30% EBITDA growth, and a 27% compound annual growth rate (CAGR) over the 2026-2029 period. The firm has set a target price of 345 rupees for the stock, while Motilal Oswal has set a target of 330 rupees. Ellenberry’s financial performance for the fiscal year ending March 31, 2026, showed a net profit of 22.#motilal_oswal #ellenberry_industrial_gases #j_m_financial #ellenberry_industrial_gases_ipo #ellenberry_industrial_gases_stock

HFCL Shares Rally 22% in Five Sessions as Technical Analysis Highlights Uptrend HFCL shares surged 22% over five consecutive trading sessions, with the stock hitting a day’s high of Rs 158 on the BSE. Technical analysts noted the rally as part of a sustained uptrend, driven by strong trading volumes and renewed buying interest. Ruchit Jain, Vice President of Technical Research at Motilal Oswal, highlighted that the stock has shown robust momentum in the past two months, with prices breaking above key resistance levels. The rally was further validated by institutional activity, as mutual fund holdings in HFCL increased from 6.68% to 6.92% during the March 2026 quarter. However, foreign portfolio investors (FPIs) slightly reduced their stake, decreasing from 7.48% to 7.08%. Analysts emphasized that the stock’s performance reflects both short-term momentum and potential long-term growth. Harshal Dasani of INVasset PMS observed that HFCL’s sharp one-week move above its 52-week high zone confirmed strength but also signaled the end of the initial breakout phase. He warned that the first pullback would indicate whether the rally was driven by institutional accumulation or temporary market pressure. Dasani added that the stock’s ability to hold the breakout band between Rs 150 and Rs 155 on a closing basis would sustain the uptrend, while a retest below this range could signal a reversal. Kunal Kamble of Bonanza described the rally as a strong bullish breakout, with HFCL trading above key exponential moving averages (EMAs) and maintaining higher volumes. The stock’s relative strength index (RSI) near 78 suggested overbought conditions, but Kamble noted that follow-up buying after the sharp rally indicated confidence among market participants.#motilal_oswal #ruchit_jain #hfcl #harshal_dasani #invasset_pms

Vodafone Idea share price surges 43% in 1 month: Should you buy, sell or hold the telecom stock? Shares of Vodafone Idea have attracted significant attention after the telecom operator reported a sharp turnaround in profitability for the March quarter, coupled with improvements in key operating metrics. Analysts remain divided on the company’s long-term prospects, with technical experts anticipating further gains following a breakout above critical resistance levels, while brokerages express caution due to concerns about fundraising challenges, intense competition, and the sustainability of operational recovery. Investors are now grappling with the question of whether to buy, sell, or hold the stock amid this volatility. The stock has been on an upward trajectory, surging 6% in the past week and over 43% in the last month. Over the past three months, it gained 21%, and in six months, 33%. The stock also delivered multi-bagger returns in the past five years, rising 107%. It recently hit its 52-week high of ₹13.68 on 19 May 2026, after touching its 52-week low of ₹6.12 in August 2025. Vodafone Idea Limited reported a consolidated net profit of ₹51,970 crore for the quarter ended March 31, 2026, compared to a net loss of ₹7,166 crore in the same period the previous year. This dramatic turnaround was primarily driven by a one-time accounting gain from the reassessment of adjusted gross revenue (AGR) dues and the recognition of the present value of future AGR payments. The company also saw growth in its operating performance, with revenue from operations rising 3% year-over-year to ₹11,332 crore, up from ₹11,017 crore in the year-ago period. EBITDA for the quarter increased 4.9% YoY to ₹4,889 crore.#motilal_oswal #vodafone_idea #santosh_meena #aakash_shah #swastika_investmart

MTAR Technologies Surges Over 100% Amid Clean Energy and AI Partnerships In a year marked by market volatility and underperformance across most sectors, MTAR Technologies has emerged as a rare exception, delivering nearly 100% gains in just over four months. The smallcap defence company’s stock, now trading above Rs 5,300, has defied broader market trends, with analysts attributing its rally to strategic positioning in the global clean energy and artificial intelligence infrastructure supply chain. This surge has positioned MTAR as one of the few multibagger stocks in an otherwise weak market, where most indices have corrected sharply and midcaps have struggled to generate outsized returns. The company’s partnership with Bloom Energy Corporation has been a key catalyst for its success. Bloom, which has expanded its collaboration with Oracle Corporation to support up to 2.8 gigawatts of power capacity for AI data centres, relies on MTAR to supply critical components known as hot box assemblies for its fuel cell systems. Analysts at Motilal Oswal estimate that this partnership could translate into incremental orders of Rs 14,000-17,000 crore for MTAR over time, equivalent to more than 1.5 times its estimated annual revenue. The deal has positioned MTAR as a vital player in the rapidly growing AI infrastructure sector, where demand for clean energy solutions is accelerating globally. MTAR’s financial performance has also reinforced investor confidence. In the December quarter, the company reported revenue of around Rs 278 crore, reflecting nearly 60% year-on-year growth. Margins remained stable at 19-21%, a rare combination of strong growth without margin dilution in a manufacturing context.#motilal_oswal #oracle_corporation #mtar_technologies #bloom_energy_corporation #noorani

5 Stocks to Sell: Brokerages Flag Up to 25% Downside in Persistent, HCL Technologies and Other Stocks Indian equity benchmarks rose on Monday, with the NIFTY 50 gaining 0.84% to 24,099.25 and the BSE Sensex climbing 0.88% to 77,338.66. The broader market showed positive sentiment, driven by buying in select sectors. Nifty Realty, Nifty IT, and Nifty Pharma stocks outperformed the benchmark indices, while Nifty Private Bank and Nifty Financial Services lagged, limiting overall gains. Amid this mixed market environment, several brokerages issued ‘Sell’ recommendations on specific stocks, citing valuation concerns, uneven earnings visibility, and sector-specific challenges. Zensar Technologies Ltd came under scrutiny after BOB Capital Markets reiterated its ‘Sell’ call, highlighting rising competitive intensity in the IT services sector. The brokerage set a target price of Rs 488, implying a 10% downside from the current market price of Rs 542.90. It noted that the company’s Q4 FY26 performance fell short of expectations, primarily due to weakness in the TMT (technology, media, telecom) segment and delayed booking of a major deal. The firm warned that continued pricing pressures and heightened competition could dampen near-term growth prospects. Cyient Ltd also faced a ‘Sell’ rating from Motilal Oswal, which pointed to uneven growth despite signs of business stabilization. The brokerage set a target price of Rs 830, indicating a 6% downside from the current price of Rs 883.15. Cyient’s DET (Digital, Engineering, and Technology) business reported Q4 FY26 revenue of USD 163 million, down 2.4% quarter-on-quarter in constant currency terms, missing its 2.1% growth target. While the company showed early stabilization, the brokerage emphasized that growth visibility remains inconsistent.#motilal_oswal #zensar_technologies_ltd #bob_capital_markets #cyient_ltd #persistent_systems_ltd

HCL Tech Q4 Preview: Will Growth Surprise Investors After Weak Wipro Earnings? HCL Technologies is set to report its March quarter results, with analysts anticipating a mixed performance. While the company is expected to deliver steady year-on-year revenue growth, a sequential decline is likely due to seasonal softness in its software business and margin pressures from wage hikes and restructuring costs. The results, to be announced on Tuesday, come amid weak earnings from peer Wipro, which has raised questions about the broader IT services sector. Revenue growth for HCL Tech is projected at around 14% year-on-year, based on estimates from seven brokerages, with profit after tax likely to rise approximately 9% YoY. However, sequential performance is expected to weaken, with most analysts factoring in a decline in constant currency (CC) revenue for the quarter. Brokerages such as Emkay, Jefferies, and Kotak Institutional Equities anticipate a 0.8% to 1.7% drop in CC revenues compared to the previous quarter. This decline is primarily attributed to the seasonal slowdown in HCL Tech’s high-margin software business, which typically sees a sharp drop in the March quarter after a strong December period. Jefferies estimates a 1.6% sequential decline in CC revenue, driven by a steep 22% drop in the software segment, partially offset by modest growth of about 1% in the services business. Similarly, Motilal Oswal expects an overall revenue decline of 0.9% QoQ CC, again dragged by a roughly 23% drop in product revenues. Despite this, the services segment, which forms the core of HCL Tech’s business, is expected to remain resilient. Most brokerages are building in 1-1.5% sequential growth in IT services and ER&D, supported by steady deal ramp-ups and stable demand in key verticals such as BFSI and high-tech.#motilal_oswal #wipro #jefferies #kotak_institutional_equities #hcl_tech

Ceasefire calm or chaos? 50 stocks that brokerages expect to rally after Iran truce A two-week ceasefire between the United States and Iran has triggered a relief rally in Indian equities, though analysts caution that the recovery remains fragile due to lingering doubts about the truce’s durability. The initial market reaction to the ceasefire was marked by optimism, but this has since been tempered by concerns over oil price rebounds and the persistence of geopolitical risks. Investors are now navigating a complex landscape where the immediate threat of conflict has eased, yet volatility tied to global tensions—particularly around shipping routes through the Strait of Hormuz—continues to influence market sentiment. The ceasefire announcement initially lifted investor confidence, leading to a rebound in Indian stock indices. However, the rally has shown signs of strain as oil prices have risen, reigniting inflation concerns and dampening risk appetite. Safe-haven assets, such as government bonds and gold, have remained in demand, reflecting investors’ unease about the long-term stability of the truce. Markets are now shifting from panic-driven selling to a more selective approach, with traders favoring stocks that offer strong fundamentals and exposure to domestic demand. Brokerages have identified approximately 50 stocks across various sectors as potential beneficiaries of the market’s current positioning. These recommendations emphasize companies with robust balance sheets, pricing power, and resilience in the face of geopolitical uncertainty. The focus is on sectors where demand is expected to remain stable, such as consumer goods, financials, and industrials.#iran #united_states #strait_of_hormuz #motilal_oswal #kotak_equities

Long-Term Investment Opportunities in Marico, Adani Ports, and Other Stocks: Brokerages Highlight 13-28% Returns In 2026, brokerages have expressed strong confidence in several stocks, citing robust growth potential and strong demand in key sectors. Companies like Marico, Cera Sanitaryware, Avenue Supermarts (DMart), and Adani Ports are highlighted as attractive long-term investment options, with potential returns ranging from 13% to 28%. These stocks are positioned to benefit from sustained growth in consumption and infrastructure sectors, making them appealing for investors seeking long-term gains. The analysis underscores that these companies operate in sectors with strong fundamentals and expanding market opportunities. For instance, Marico, a leading player in the consumer goods sector, is recommended by Goldman Sachs with a target price of ₹860, currently trading at ₹761. This suggests a potential 13% upside, driven by its strong brand portfolio and consistent demand. Similarly, Cera Sanitaryware, a key player in the sanitaryware segment, has been upgraded to a "Buy" rating by Motilal Oswal, with a target price of ₹5,990. At its current price of ₹4,677, the stock could see a 28% increase, reflecting optimism about its growth prospects. Avenue Supermarts, operating under the DMart brand, is also recommended by Motilal Oswal with a target price of ₹5,000. The stock currently trades at ₹4,362, implying a potential 15% rise. The retail sector’s expansion and DMart’s strong market position are cited as key drivers for this growth. Meanwhile, Adani Ports and SEZ, a major player in the infrastructure and logistics space, is recommended by JM Financial with a target price of ₹1,725. At its current price of ₹1,377, the stock could rise by 25%, supported by the growth of India’s infrastructure and logistics sectors.#motilal_oswal #jm_financial #adani_ports #goldman_sachs #marico

Motilal Oswal Recommends 4 Stocks for 36% Returns Amid Market Volatility The stock market experienced significant volatility on Thursday, with the Sensex and Nifty 50 indices opening lower but recovering strongly by the close. The indices ended in positive territory, offering investors opportunities to capitalize on the market's fluctuations. Motilal Oswal, a leading brokerage firm, has identified four stocks with potential for substantial returns, suggesting investors consider buying these shares ahead of the weekend market closure. The brokerage firm has recommended four stocks, each with a "Buy" rating and projected returns ranging from 18.73% to 36%. These recommendations are based on fundamental analysis, sector-specific trends, and macroeconomic factors influencing the market. The stocks are expected to deliver strong performance in the coming months, particularly in a volatile market environment. Marico Motilal Oswal has set a target price of ₹900 for Marico shares, currently trading at ₹758. The stock is projected to deliver an 18.73% return. The brokerage highlights that Marico's exposure to the FMCG sector, combined with its focus on food and personal care products, positions it well for growth. Factors such as geopolitical tensions, supply chain dynamics, and currency fluctuations are expected to impact the company's performance. However, Marico's diversified business model and strong market presence in emerging economies are seen as key strengths. EPL EPL is recommended for a 28% return, with a target price of ₹270. The brokerage notes that the merger with a major packaging platform will diversify EPL's operations and expand its addressable market. Post-merger, the company's TAM is expected to grow from ₹2.4 billion to ₹29 billion, significantly enhancing its growth prospects.#motilal_oswal #ashok_leyland #marico #epl #kaynes_technology

IT Stock Under Rs 50: Motilal Oswal, Nomura See Up to 45% Return – Do You Hold It? A small-cap healthcare-focused IT services company has gained attention after brokerages Motilal Oswal and Nomura highlighted its potential for significant gains. The stock, currently trading at Rs 40, is positioned in the sub-Rs 50 category and is part of the Nifty Smallcap 100 index. Both brokerages have issued ‘Buy’ ratings, with Nomura setting a target price of Rs 55 and Motilal Oswal projecting Rs 58, implying upside potential of 37% and 45%, respectively. The company in question is Sagility, which has a market capitalisation of Rs 18,767.45 crore. Sagility’s stock has experienced a year-to-date decline of 22.91% and a 6.15% drop over the past year. However, it has shown recent resilience, rising 2.66% in the past week and 1.39% over the last month. The brokerages’ optimism is tied to the company’s growth prospects, particularly in the US healthcare sector, where outsourcing demand and AI adoption are expected to drive expansion. Motilal Oswal and Nomura have emphasized Sagility’s dual proposition of value and growth, citing factors such as outsourcing demand, regulatory changes, and cost pressures in the healthcare industry. The brokerages note that payer organizations in the US are increasingly focusing on cost optimization, compliance, and efficiency, which is leading to higher outsourcing of operations. These trends are expected to support Sagility’s volume growth over the medium term. Sagility provides services to payers and providers in the US healthcare sector, and Motilal Oswal highlighted the impact of regulatory changes, including CMS rate revisions, ACA subsidy adjustments, tariffs, and visa policies.#motilal_oswal #nifty_smallcap_100 #nomura #sagility #us_healthcare_sector

HDFC AMC: 5 Reasons Motilal Oswal Predicts 20% Upside Potential HDFC AMC is gaining renewed attention as Motilal Oswal highlights its strong upside potential, driven by robust systematic investment plan (SIP) growth, high margins, and untapped distribution opportunities. The brokerage firm has positioned HDFC AMC as one of India’s top three mutual fund houses, citing its quarterly average assets under management (AUM) of Rs 9.2 lakh crore and an active equity market share of 13% as of December 2025. Strong Fund Performance and Cost Leadership Motilal Oswal emphasizes HDFC AMC’s profitability, noting its cost-to-income ratio of approximately 19%, significantly lower than peers’ 25–54%. This efficiency translates to a profit after tax to quarterly AUM ratio of around 33 basis points and a return on equity (RoE) exceeding 30%. Operating margins, ranging between 33% and 36%, are among the highest in the industry, supported by a product mix skewed toward equity. Equity-oriented assets accounted for 65.5% of quarterly AUM in FY26’s third quarter, compared to an industry average of 56.5%. SIP Growth as a Compounding Engine The brokerage underscores HDFC AMC’s resilient SIP franchise, with systematic investment plan (SIP) AUM growing 24% year-on-year to Rs 2.2 lakh crore. Quarterly SIP transactions, including systematic transfer plans, rose 24% to Rs 47.3 billion. Motilal Oswal notes that the combination of a strong equity franchise, expanding retail investor base, and consistent SIP flows provides high visibility for incremental AUM growth. HDFC AMC serves 1.54 crore unique investors, representing 26% industry penetration. Individual investors contribute 69% of total monthly AUM, compared to an industry average of 60.1%.#motilal_oswal #hdfc_amc #systematic_investment_plan #equity_market_share #cost_to_income_ratio

HDFC AMC shares rally 4%; MOFSL says valuations reasonable, sees 20% upside Shares of HDFC Asset Management Company surged 4% in trading today, ending a three-day losing streak. The stock opened with a 2% gain at ₹2,300 and reached an intraday high of ₹2,355 before trading near ₹2,343. Motilal Oswal Financial Services reiterated its 'Buy' rating on the stock, citing reasonable valuations and the company’s leadership position in the mutual fund industry. The brokerage set a target price of ₹2,700, implying an upside of nearly 20% from the previous close of ₹2,254.60. Motilal Oswal highlighted strong systematic investment plan (SIP) inflows, which have driven the stock’s performance. The company’s SIP assets under management (AUM) rose 24% year-on-year to ₹2.2 trillion, with retail investors accounting for 69% of total monthly average AUM (MAAUM), compared to the industry average of 60.1%. The firm also noted a growing investor base of 15.4 million unique investors and 27.7 million live accounts as of December 2025. The brokerage emphasized HDFC AMC’s resilient margins, which remain among the highest in the industry at 33 to 36 bps. These margins are supported by operating leverage and disciplined cost management. Motilal Oswal also projected a 17% compound annual growth rate (CAGR) in AUM for the company, with revenue, EBITDA, and profit expected to grow at 15% annually over FY26–28. The firm praised HDFC AMC’s consistent fund performance across different time horizons, which has bolstered distributor confidence and sustained retail inflows. Despite short-term market fluctuations, Motilal Oswal noted that the company’s long-term fundamentals remain strong.#motilal_oswal #nifty_index #hdfc_amc #systematic_investment_plan #mutual_fund_industry

Reliance Industries shares remain stable amid geopolitical tensions: Price targets and market analysis Shares of Reliance Industries Ltd (RIL) have remained relatively flat in recent trading sessions, with the stock currently trading 1.08% higher at Rs 1426.65. The company’s market capitalization stands at Rs 19.30 lakh crore as of today. Despite the ongoing geopolitical tensions involving the US, Israel, and Iran, RIL’s stock has shown a modest gain of 0.98% since the conflict began, outperforming broader market indices. The Sensex and Nifty, however, have declined by 10% during the same period, highlighting the mixed performance of the market. RIL, a major player in India’s oil and gas sector, is positioned to benefit from rising energy prices amid the conflict. Brent crude prices recently surged to a 52-week high of $119.50, which is expected to positively impact the company’s financials. Brokerage firm JM Financial has noted that the rise in energy prices could lead to near-term gains for RIL, driven by higher diesel refining margins and improved petrochemical spreads. According to JM Financial, every $1 increase in RIL’s gross refining margin could boost its annual EBITDA by approximately Rs 45 billion, or 2.2%, and add around Rs 29 per share, or 1.7%, to its valuation. The company’s petrochemical operations are also anticipated to see margin improvements, as product prices align with rising crude oil costs. RIL’s feedstock mix, which includes 25% ethane, 50% off-gases, and 25% crude-linked naphtha, provides some insulation against higher crude prices. Analysts have provided price targets and short-term outlooks for RIL’s stock. Jigar Patel from Anand Rathi has identified key support and resistance levels, suggesting a potential trading range between Rs 1390 and Rs 1450.#reliance_industries #motilal_oswal #jm_financial #anand_rathi #sensex_nifty

Urban Company: Analyst Neutral, Cites Risks Amid Formalization Hopes Motilal Oswal Financial Services initiated coverage of Urban Company Ltd. with a Neutral rating and a ₹125 target price, implying a modest 14% potential upside. The brokerage acknowledged the company’s strong position to benefit from India’s growing home services market formalization but emphasized significant execution risks and current valuations that may already reflect anticipated growth. Key concerns include slower online penetration due to the sector’s informal nature, disintermediation risks, intensifying competition, and ongoing losses from new ventures like InstaHelp, which contribute to a balanced risk-reward profile at current levels. The brokerage’s cautious stance is rooted in the belief that Urban Company’s market valuation already incorporates substantial future growth expectations. As of late March 2026, the company’s market capitalization ranged between ₹15,589 crore and ₹16,686 crore. A negative Price-to-Earnings ratio of -219.23 highlights its unprofitability, making traditional valuation multiples less applicable. The stock has declined sharply, dropping 40.41% in six months and 33.99% over the past year, reflecting shifting investor sentiment. Execution challenges in the informal sector pose a critical hurdle. India’s home services market, estimated at $60 billion, remains less than 1% online, despite the potential for growth. The sector’s relationship-driven nature and entrenched informal practices slow adoption of digital platforms. This informality increases disintermediation risk, where customers and service providers may bypass the platform for future transactions, threatening long-term revenue.#motilal_oswal #urban_company #housejoy #quikrservices #mr_right

Bulls return to Dalal Street; analysts see Nifty heading towards 23,800 Indian stock markets showed a strong rebound on Wednesday, marking the second consecutive day of gains as investors regained confidence. The recovery came amid cooling crude oil prices and ongoing diplomatic efforts between the US and Iran to de-escalate tensions in West Asia. Analysts suggest the upward trend may continue, with the Nifty 50 index potentially rising to 23,800 in the coming days. Mumbai-based indices, including the NSE Nifty and BSE Sensex, closed higher after two sessions of gains. The Nifty surged 394 points, or 1.7%, to 23,306.45, while the Sensex climbed 1,205 points, or 1.6%, to 75,273.45. Over the past two sessions, the indices have recouped nearly 3.5% each, reversing a significant portion of the losses incurred since the start of the West Asia conflict. The market capitalization of Indian equities has gained approximately Rs 16.15 lakh crore during this recovery. The rebound follows a period of volatility triggered by the conflict, during which the Nifty and Sensex had fallen nearly 10.6% each from their levels on February 28. Since the war began, India’s market cap has declined by ₹32.87 lakh crore. However, the recent stabilization in global oil prices and optimism about diplomatic progress have bolstered investor sentiment. Analysts noted that the recovery is likely to persist as long as the Nifty remains above key support levels. Pankaj Pandey, head of fundamental research at ICICI Direct, stated that the de-escalation in the conflict suggests the worst may be behind us, though a formal ceasefire remains pending. He emphasized that markets are poised for further gains unless new adverse developments emerge.#nifty_50 #bse_sensex #west_asia #motilal_oswal #icici_direct

Strong Growth, Limited Upside: UBS Initiates 'Neutral' Coverage On Coforge — Check Target Price UBS has launched coverage on Coforge with a Neutral rating and a target price of Rs 1,240, citing the company’s strong growth history but highlighting concerns about its acquisition-driven strategy and positioning in the AI-driven IT services sector. The brokerage acknowledges Coforge’s consistent execution, with revenue growth driven by a mix of organic momentum and acquisitions. The company has historically delivered double-digit growth, supported by significant deal wins and client additions. However, UBS notes that much of this growth has already been reflected in the stock’s valuation. The stock has seen a sharp rerating in recent years, and while valuations remain reasonable on certain metrics, the risk-reward balance at current levels limits further upside. The brokerage suggests that investors should approach the stock with caution, as the potential for additional gains appears constrained. Coforge continues to benefit from a robust order book and strong client pipeline, particularly in sectors like BFSI, travel, and insurance. The company has also demonstrated its ability to scale through acquisitions, expanding both its capabilities and geographic reach. Despite this, UBS flags acquisition-related risks as a key concern. The recent Encora deal, for instance, is expected to result in equity dilution of around 20%, raising worries about integration challenges, margin pressures, and execution risks. The brokerage notes that the acquisition is unlikely to be earnings-per-share (EPS)-accretive in the short term unless Coforge can deliver stronger-than-expected growth and synergies. In terms of AI positioning, UBS evaluates Coforge using its proprietary VECTOR framework, which assesses companies on AI readiness.#ubs #motilal_oswal #coforge #encora #bfsi

Power Finance Corporation stock soars 4%; Motilal Oswal sees more upside Power Finance Corporation’s (PFC) stock price surged 4% to ₹434.85 on the BSE on Wednesday, driven by heavy trading volumes. The stock approached its 52-week high of ₹443.95, which it last touched in April 2025. Over the past three months, PFC outperformed the broader market, rising 28% compared to a 9.4% decline in the BSE Sensex. The rally follows the company’s board approval to raise ₹1.6 trillion in FY27 through bonds, term loans, and commercial paper, excluding funds from the Extra Budgetary Resource (EBR). The merger of PFC and Renewable Energy Corporation (REC) is a key catalyst for the stock’s performance. The Union Budget 2026 proposed restructuring PFC and REC to create a unified entity, aiming to enhance efficiency and scale within public sector non-banking finance companies (NBFCs). PFC acquired a 52.63% stake in REC in 2019, making it a subsidiary. The merger is expected to consolidate overlapping functions, reduce operational costs, and strengthen bargaining power with lenders. The combined entity would become India’s largest power sector financier, with improved balance sheet strength and capital efficiency to support large-scale funding for the power sector. The merged entity is positioned to address India’s growing energy needs, particularly as the country advances toward its Viksit Bharat 2047 goals. Future investments will focus on renewable energy and emerging technologies like green hydrogen, carbon capture and storage (CCUS), small modular nuclear reactors, and energy storage solutions. The combined entity’s technical expertise and sector knowledge are expected to position it to capitalize on these opportunities effectively.#motilal_oswal #union_budget_2026 #power_finance_corporation #renewable_energy_corporation #viksit_bharat_2047

Ola Electric plans Rs 2,000 crore fundraise for battery arm Ola Electric has initiated a plan to raise up to Rs 2,000 crore by selling a stake in its battery division, Ola Cell Technologies (OCT). OCT operates a lithium-ion cell manufacturing plant in Tamil Nadu with an initial operational capacity of 1.5 GWh, aiming to expand to 6 GWh by the end of the current financial year. The fundraising process is being managed by investment banks Avendus and Motilal Oswal. The move aligns with Ola Electric’s broader strategy to restructure its operations and strengthen its financial position as it works toward a business turnaround. The stake sale is expected to influence the market valuation of OCT, a critical asset in India’s battery infrastructure. The unique nature of OCT’s assets has attracted interest from financial investors, including sovereign wealth funds. The company’s gigafactory, which required an upfront investment of Rs 3,500 crore, represents a major step in localizing battery cell production in India. This initiative is vital as the country seeks to reduce reliance on imported cells and build a domestic electric vehicle (EV) supply chain. The gigafactory will also support energy storage solutions beyond the two-wheeler market, catering to industries requiring storage for renewable energy. Ola’s Battery Innovation Centre, part of OCT, employs over 200 executives from global corporations and holds nearly 400 patents. Its research spans multiple cell chemistries, including NMC, LFP, LMFP, and LMR, as well as various form factors like cylindrical, prismatic, and solid-state cells. India’s push toward 50% renewable energy by 2030 highlights the need for efficient storage solutions to balance electricity generation and consumption.#tamil_nadu #motilal_oswal #ola_electric #ola_cell_technologies #avendus

Ola Electric to raise ₹2,000cr by selling minority stake Ola Electric is seeking to strengthen its financial position by securing ₹2,000 crore through the sale of a minority stake in its battery subsidiary, Ola Cell Technologies (OCT). This strategic move comes amid declining electric scooter sales and intensifying competition in the market. The fundraising initiative, led by financial advisors Avendus and Motilal Oswal, has already attracted interest from major investors, including sovereign wealth funds, due to OCT’s growing significance in the company’s operations. OCT operates India’s first gigafactory in Tamil Nadu, marking a critical step toward reducing the nation’s reliance on imported lithium-ion cells. The facility currently has an operational capacity of 1.5 GWh and is projected to expand to 6 GWh by the end of the current financial year, which concludes on March 31, 2026. This expansion aligns with India’s broader goals of advancing self-reliance in electric vehicle (EV) technology. Additionally, Ola’s Battery Innovation Center has developed nearly 400 patents and has started producing advanced Bharat Cells, underscoring the company’s commitment to leading local battery innovation. The decision to raise capital through a minority stake reflects Ola’s efforts to navigate challenges in the EV sector, where demand for electric scooters has slowed and competition has intensified. By leveraging OCT’s capabilities, Ola aims to solidify its position in the market while supporting India’s transition to sustainable transportation. The fundraising also highlights the growing importance of domestic battery manufacturing, as companies seek to minimize dependency on global supply chains and capitalize on the country’s push for green energy solutions.#tamil_nadu #motilal_oswal #ola_electric #ola_cell_technologies #avendus

L&T shares fall 7.5% amid Middle East war, m-cap declines below Rs 5 lakh crore: What lies ahead? L&T shares fell 7.5% on March 13, 2026, amid escalating tensions in the Middle East, marking a significant drop in the company’s market capitalization, which dipped below Rs 5 lakh crore. The decline follows a sharp decline in investor confidence, driven by the ongoing conflict in the region, which has disrupted key business operations and order flows for the engineering giant. The stock hit a low of Rs 3,445, reflecting heightened market uncertainty and risk aversion among investors. Analysts have highlighted the short-term challenges facing L&T, particularly the impact of the Middle East conflict on its projects and revenue streams. The company’s exposure to infrastructure and construction contracts in the region has been severely affected, with delays and cancellations disrupting its financial outlook. However, long-term growth prospects remain intact, according to Motilal Oswal, which noted the company’s strong order book and potential for healthy core PAT earnings over the FY25-28E period. Despite the immediate headwinds, the firm maintains a positive outlook for L&T’s ability to navigate the current crisis. The analyst emphasized that while near-term risks persist, the company’s robust financial position and diversified portfolio position it well for recovery. The market cap decline, however, underscores the broader market volatility linked to geopolitical tensions, which have shaken investor sentiment across sectors. The conflict has also raised concerns about the sustainability of L&T’s revenue growth, particularly in regions heavily dependent on Middle East contracts. Investors are now closely monitoring the company’s ability to secure new projects and manage existing obligations amid the geopolitical uncertainty.#market_cap #middle_east #motilal_oswal #l_t #l_t_shares