nomura

Goldman Sachs maintains a neutral stance on Jubilant Foodworks, citing margin pressures and slow Domino's growth. nomura is bullish on BPCL, expecting earnings recovery. Morgan Stanley sees PI Industries returning to growth, with strong biologicals margins. Grasim Industries gets an upgrade on improving demand and margin-led growth.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Jefferies raised Bharti Airtel's target price to Rs 2,350 on strong Q4FY26 performance, while JP Morgan upgraded Cipla to overweight citing improved earnings visibility and attractive valuations. Morgan Stanley maintained an underweight rating on Dixon Technologies due to revenue and EBITDA misses, and HDFC Securities upgraded Hyundai Motor India to add, noting management's renewed focus on domestic growth and exports.

Canon India has boosted its business imaging range with new printing and scanning solutions for enterprises and government bodies. The imageFORCE C3150 A3 colour MFD and imageFORMULA DR-C340/DR-C350 scanners aim to enhance high-volume printing and document digitisation, improving workflow efficiency across various sectors.

Kotak Securities maintains an add rating on PNB with a revised target of Rs 125, citing steady profitability despite weaker core earnings than peers. Jefferies reiterates a buy on Marico, raising its target to Rs 960, with management confident in strong EBITDA growth.

Leading financial institutions offer mixed outlooks on Indian stocks. Morgan Stanley sees SBI facing NIM challenges, while Goldman Sachs is bullish on Titan's jewellery segment. CLSA notes Bank of Baroda's core performance is mixed despite loan growth. nomura backs Swiggy, highlighting food delivery strength and quick commerce competition. HSBC anticipates Hyundai's market share recovery and new launches.

Canon is redefining AI in imaging by embedding it into hardware to enhance, not replace, human creativity. Their new EOS R6V camera and RF 20-50mm Power Zoom lens are designed for hybrid workflows, offering features like native vertical shooting and advanced thermal management. This approach prioritizes capturing user intent and real-world moments with precision.

Canon has launched the EOS R6 V camera and RF 20-50 F4L IS USM lens in India, targeting video creators with a "future-ready" ecosystem. The camera boasts a 32.5MP full-frame sensor with 7K Open Gate recording and a built-in cooling fan for extended use. The new lens features Canon's first professional Power Zoom for smooth cinematic transitions.

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

Canon India has partnered with Wavesight to exclusively distribute HawkEye body-worn cameras across India. This collaboration aims to enhance real-time surveillance and field-ready monitoring for law enforcement, defense, and enterprises. The advanced cameras offer HD recording, live streaming, and secure evidence management, supporting critical on-ground operations.

Analysts are bullish on Bajaj Finance, IIFL Finance, and Navin Fluorine, citing strong quarterly results and positive future outlooks. Federal Bank is seen as fairly valued, while Waaree Engineering's revenue beat expectations despite margin concerns. Investors are watching these key companies closely.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

A free demo for Final Fantasy VII Rebirth is now available on Nintendo Switch 2 and Xbox, letting players experience the opening chapters and carry progress forward. Pre-orders are live with exclusive digital and physical bonuses. The game, previously on PS5 and PC, is expanding to more platforms, with the trilogy's final part still in development.

RBI has proposed sound safeguards for digital payments. But if these are to work, real-time intelligence infrastructure has to provide the real judgement, with static rules serving as backstops

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.

Brokerages offer mixed views on Indian stocks. Motilal Oswal is bullish on Dixon Technologies, citing government approvals. Macquarie is cautious on United Spirits, noting growth lags. Citigroup recommends HDFC Life despite Q4 challenges. Morgan Stanley maintains an overweight on HDFC AMC, expecting steady AUM growth. nomura reiterates a buy on Wipro, highlighting deal wins and a significant buyback.

The fall in HCL Technologies’ stock price wiped out around Rs 38,000 crore in market value and brought its total market capitalisation down to about Rs 3,53,000 crore.

Wipro's shares tumbled as profit dipped and the IT firm projected a subdued outlook, citing cautious client spending. Revenue growth in its core IT services remained sluggish, raising concerns about persistent challenges. Despite a share buyback, weak guidance and margin pressures overshadowed positive deal bookings, leading to a significant year-to-date stock decline.

TCS receives a 'buy' rating with a Rs 3,100 target, showing improved international business and strong bookings. Eicher Motors' electric Flying Flea is noted, though mainstream adoption needs further refinement. Delhivery's share price remains resilient amid fuel concerns, with robust near-term demand. JSW Steel's Q4FY26 production saw a dip due to expansion shutdowns.

Things are getting worse at India’s oldest private airline. As its operational capacity has reduced significantly, people are being furloughed, salaries are delayed by up to two months or more and outstanding dues including GST, TDS and PF are piling up.

Bharti Airtel is boosting its data centre investments, while Jubilant Foodworks exits Dunkin' to focus on Domino's. Indigo appoints a new CEO with extensive aviation experience. Nephrocare Health Services shows strong growth potential in dialysis services. RateGain Travel stands out with its unique travel-tech solutions and AI resilience.

Analysts have adjusted targets for several companies, with UBS neutral on Cipla citing supply headwinds despite a healthy pipeline. Motilal Oswal initiated coverage on Bajaj Finserv with a neutral rating, highlighting its strong customer base and predictable earnings. Jefferies is bullish on LG India, anticipating price hikes due to rising costs and a weak rupee.

Citi has revised its Nifty target to 27,000 from the earlier estimate of 28,500. The new projection suggests a potential upside of about 17 percent from the index’s last closing level.

Analysts maintain positive outlooks on Reliance Industries, M&M, and Max Healthcare, citing new deals, strong demand, and expansion plans. However, L&T faces near-term headwinds due to Middle East project execution concerns, leading to a reduced target price. Ask Automotive receives an 'add' rating with a focus on premiumization and electrification.

nomura cut Petronet LNG's target price due to West Asia crisis impacting volumes, while HSBC maintained a hold on Blue Star, citing demanding valuations. BofA Securities remains constructive on HDFC Bank despite chairman's exit, and Citigroup upgraded Dr Lal Pathlabs, expecting strong revenue growth and attractive valuations.

LIC nomura Mutual Fund has introduced an ‘auto premium payment system’ in collaboration with Life Insurance Corporation (LIC) of India for investors to ensure timely payment of their LIC insurance premiums.

nomura predicts a stronger Indian Rupee against the US Dollar by December 2025. They expect the Rupee to reach 84 per dollar. This forecast by nomura is based on a weaker dollar index and significant investment inflows. India is expected to be a preferred investment hub. The Reserve Bank of India's dollar purchases will also strengthen the Rupee.