CENTRUM
Analysts see Nifty climbing to 25,600, recommend buying on dips
Nifty gained over 8.5% last week, crossing the 25,000 mark and demonstrating bullish momentum. Analysts foresee further upside towards 25,300-25,600 despite possible consolidation due to volatility. Key support for the Nifty is located at 24,000, promoting buying on potential dips. Top stocks recommended include Adani Ports, MCX, and SBI, showing strong bullish signals. Market breadth improved, with over half of Nifty 50 stocks above their 200-day moving averages.
Suzlon Energy shares crash 10% as Nuvama, others slash target prices after Q2 margins disappoint. What lies ahead?
After Suzlon Energy's quarterly results for September were unveiled, its shares fell nearly 10%. The company faced a staggering 69% decline in net profit, despite enjoying a 26% increase in revenue from wind turbine deliveries. Nuvama raised flags regarding lower-than-expected EBITDA margins, likely influencing the stock's dip. Nonetheless, Centrum Broking maintains a 'Buy' rating, indicating potential for recovery.
Cupid, Sterlite Tech among stocks top 10 equity PMS portfolios hold as Nifty, Sensex plunge up to 13% in 2026
Despite a sharp market downturn in 2026, all 10 top-performing equity PMS strategies delivered positive returns in September, ranging from 3.55% to 5.67%. Amaltas Asset Management’s Keystone Fund led the rankings, while Cupid and Sterlite Technologies featured among the prominent holdings across multiple portfolio management strategies.
Axis Bank shares fall over 4% despite 38% YoY jump in Q2 net profit. Why brokerages are revising target prices
Axis Bank reported a 38% year-on-year rise in standalone net profit to Rs 7,003 crore in Q2 FY27, while net interest income rose 12%. Jefferies retained its Buy rating, while Centrum Broking and Dolat Capital lowered their target prices.
From Rs 1,000 in 1977 to Rs 52 lakh today: The Reliance wealth story behind Jio’s Rs 10.3 lakh crore valuation in mega IPO
A Rs 1,000 investment in Reliance Industries’ 1977 IPO could be worth nearly Rs 52 lakh today, including shares received through the Jio Financial Services demerger. As Jio Platforms prepares for its Rs 30,200 crore IPO at a Rs 10.3 lakh crore valuation, investors will assess its growth prospects and pricing.
PMS Tracker: HEM Securities’ SME stars, others rally up to 7.5% in September despite Nifty’s 6% crash
Despite Nifty and Sensex tumbling over 6% in September, small-cap and SME-focused PMS strategies delivered robust positive returns. Hem Securities' India Rising SME Stars scheme led gains at 7.23%, according to PMS Bazaar data, while broad mid-cap and thematic strategies suffered losses of up to 10.16%.
ICICI Prudential AMC shares rise 2% as Jefferies, other brokerages revise target prices after Q2 results. Should you buy?
ICICI Prudential AMC shares rose 2% after reporting a 6% YoY net profit rise to Rs 889 crore in Q2 FY27. Major brokerages including Jefferies, Emkay, and Centrum retained positive ratings with revised target prices offering up to 30% upside potential, while a Rs 30 dividend was declared.
ET Alpha Wealth Summit 2.0: The ideas, trends and opportunities shaping future of wealth creation
ET Alpha Wealth Summit 2.0 brings together leading investors, wealth managers and family-office professionals to decode the forces shaping the next investment cycle. From global capital flows, private credit and alternatives to family offices, GIFT City, SIFs and AI, the summit explores new opportunities and evolving approaches to wealth creation.
ET Alpha Wealth Summit 2.0: Where is smart money moving amid global market churn?
As global capital shifts amid rising bond yields, changing valuations and new investment themes, investors are asking where the next opportunities could emerge. At ET Alpha Wealth Summit 2.0, two back-to-back sessions will explore where long-term capital is moving and how family offices and institutions are putting money to work across private credit, venture debt, co-investments and alternative strategies.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
India telecom sector may see 12-15% tariff hike in next 4-5 months: Report
India's telecom operators are projected to see a 12-15% tariff hike in the next few months. Bharti Airtel, Reliance Jio, and Vodafone Idea Limited are expected to report revenue growth in average revenue per user. Reliance Jio is estimated to add 8 million subscribers, while Bharti Airtel expects to gain 3 million customers. Vodafone Idea is projected to add 1 million subscribers in the same period.
AI deals seen driving medium-term growth as Indian IT sector faces muted Q2: Report
India's IT services sector is likely to see muted performance in the second quarter of FY27, but increasing traction in artificial intelligence-related deals could support growth over the medium term, Centrum said in a report.
ET Alpha Wealth Summit 2.0: Date, venue, speakers, agenda and registration
The ET Alpha Wealth Summit 2.0 set to be held on October 8 at ITC Maratha in Mumbai. Leading investment experts will convene to discuss trends affecting capital flows and investment strategies. Keynote speeches and panel discussions will cover topics such as alternative assets, structured debt, and family office investment frameworks. The summit aims to provide insights into evolving wealth creation methodologies and the role of technology in investing.
SBI Funds Management: Centrum bets on strong franchise, growth runway; initiates Buy with 34% upside
Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside. The brokerage sees SBI AMC’s extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three years.
Cement prices rise Rs 7/bag in September; further Rs 5-20 hikes expected in October: Report
Cement companies are considering a potential price hike of Rs 5-20 per bag in October. The success of this increase will hinge on demand recovery in the market. Recent trends have shown a slight uptick in cement pricing after a stagnant period. Regional variations are evident, with some areas experiencing more significant price increases than others. Overall, the demand recovery remains critical for sustaining the anticipated price adjustments.
Integrum Energy Infrastructure files papers with Sebi to raise funds via IPO
Integrum Energy Infrastructure has launched its initial public offering (IPO) to secure funds for diverse operational enhancements. The firm intends to bolster its working capital while also expanding its portfolio of renewable energy projects. A portion of the raised capital will be directed towards its subsidiary, Integrum Green Assets, primarily for procuring wind turbines and settling outstanding debts. This marks a renewed effort at listing, following a previous pause.
WhiteOak Capital plans D-Street foray with Rs 1,500 crore IPO
WhiteOak Capital is gearing up for an initial public offering projected to raise ₹1,500 crore, potentially reaching a valuation of ₹9,000 crore. Established by Prashant Khemka in 2017, the firm oversees around $13 billion in assets. Following the recent trends set by alternative investment firms like Gaja Capital, Khemka has confirmed plans to go public; however, no definitive timeline has been disclosed.
Steel prices to stay firm as tight supply, duties fuel dealer inventory build-up: Centrum report
Domestic steel prices are forecasted to remain strong in the coming months due to tight supply constraints. Dealers are actively building inventory in anticipation of further price hikes as demand surpasses supply. While demand is generally healthy, significant factors include rising prices and lower allocations from primary producers. The festive season may cause temporary demand fluctuations, particularly in Gujarat.
Wires & cables face a new challenge: How Ultravolt’s big push could reshape India’s cable market
UltraTech Cement's breakthrough venture, Ultravolt, is set to disrupt India's wires and cables sector, heightening concerns for existing giants like Polycab India and KEI Industries, who are already seeing their stock values dip. With ambitions to secure a top-two market position within five years through bold tactics, Ultravolt's entry will primarily affect the residential market. Yet, the long-term outlook for the industry remains positive due to ongoing structural demand.
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