JEFFERIES INVESTMENT STRATEGY
Up to 12,000% growth! 181 companies more than doubled profits in Q2 earnings boom for India Inc
India Inc witnessed a strong earnings recovery in Q2 FY27, with 181 companies more than doubling their net profits year-on-year, according to Ace Equity data. Gains spanned banking, metals, energy, pharmaceuticals and consumer sectors. From Indian Oil and JSW Steel to Paytm and Lenskart, here are the biggest profit gainers and what drove their growth.
Global brokerages turn bullish on Indian equities as market rebounds
Global brokerages HSBC, Citigroup, and Jefferies have upgraded their outlook on Indian equities. They cite improving earnings prospects and attractive valuations as key factors for this optimism. Recent foreign fund inflows and reduced oil prices further support this positive sentiment. Citigroup anticipates significant growth in the Nifty 50 by the end of 2027. Overall, Indian equities are poised for a sharp recovery in the coming years.
SoftBank to face scrutiny of AI strategy at second-quarter earnings after selloff
SoftBank Group is on the brink of unveiling its quarterly earnings, navigating a turbulent landscape marked by challenges in the artificial intelligence sector and looming regulatory issues. The company's heavy investments in AI, alongside setbacks like a thwarted acquisition, have sparked skepticism among investors. Predictions indicate earnings could be highly unpredictable, with net profit estimates varying significantly, highlighting ongoing financial instability.
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
Lenskart shares rally over 10% as strong Q2 triggers target price hikes. What are Jefferies and Morgan Stanley saying?
Lenskart shares surged over 10% after the company reported a 122.1% year-on-year rise in consolidated profit to Rs 227.08 crore for the September quarter. Strong Q2 results prompted brokerages Jefferies, Morgan Stanley and Motilal Oswal to raise their target prices, citing robust revenue growth, margin expansion opportunities, competitive advantages and the company's long-term growth prospects.
How Indian investors’ portfolios are changing: From property and gold to SIPs and ETFs
Indian households are re-evaluating their asset allocations as gold holdings rise and equity investments remain stable. Recent data reveals a significant increase in household wealth, particularly in gold and real estate. Households are moving from traditional savings to market investments, notably through systematic investment plans. Meanwhile, financial behaviors are changing, with more monthly contributions being made to equities.
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Global Market: European automakers get earnings boost as Chinese competition weighs on recovery
European automakers have received a boost from recent earnings, but their recovery remains fragile. Rising competition from Chinese manufacturers, costly technological shifts and structural weaknesses continue to cloud the sector's long-term growth prospects.
Why is market rallying today? Sensex jumps 900 points, Nifty above 22,900. 6 key factors behind Rs 5 lakh crore gains
The Indian stock market saw a vibrant uptick as both Sensex and Nifty surged over 1.1%, attributed to the Federal Reserve's decision to maintain interest rates. Renewed interest from foreign investors was evident, with net purchases of Indian equities totaling approximately Rs 872 crore on Wednesday. Optimism surrounding potential reductions in long-term capital gains tax also fostered positive market sentiment.
Pine Labs shares jump 7% as Q2 net profit soars 543% YoY to Rs 39 crore
Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 crore. Revenue rose 24% to Rs 806.2 crore, while EBITDA increased 67.3%. Growth in payments, UPI transactions and international markets supported performance as the company expands into AI-led commerce.
HUL shares rise 3% after Q2 results. Jefferies, Nomura cut target price but forecast 29% upside potential
Hindustan Unilever shares rose on Thursday after the FMCG major reported a 4% year-on-year increase in Q2 FY27 net profit to Rs 2,790 crore and 15% revenue growth to Rs 18,226 crore. Jefferies, Nomura and JM Financial cut their target prices but continue to see upside potential of up to 29%.
Potential LTCG tax cut could revive FIIs’ India bet, says Jefferies: Which stocks may benefit most?
Jefferies sees a potential long-term capital gains tax (LTCG) cut as a possible trigger for foreign investors to return to Indian equities after record outflows. Banks, Reliance Industries, utilities and real estate stocks could be the biggest beneficiaries. Here’s where foreign investors are positioned and what a tax cut could mean.
IIM Calcutta summer placements see 475 students secure 546 offers from 156 companies
IIM Calcutta has completed the summer placements for its 63rd MBA batch, attaining incredible success. A remarkable 475 students have secured jobs, with consulting roles leading the way, supported by offers in finance and general management. Furthermore, numerous first-time participating companies expressed their intent to hire. This success is a testament to the institute's esteemed reputation and strong connections in the industry.
Hyundai reveals ambitious plan at new Bayon launch; Creta to be part of big push as well
The mid-size utility vehicle category, comprising SUVs and MPVs measuring 4-4.4 metres in length, recorded sales of around 9 lakh units in the last financial year. The segment accounted for nearly 35% of Hyundai's domestic sales in FY26, with the Creta alone contributing close to 2 lakh units annually over the past two financial years.
Christopher Wood swapped Nvidia for a Greek infrastructure stock. The bet is paying off
Jefferies’ Christopher Wood replaced Nvidia with Greek infrastructure company GEK TERNA in his global long-only equity portfolio in October 2025. Since then, GEK TERNA has gained 65% in US-dollar terms, compared with Nvidia’s 15%. The shift reflects Wood’s preference for infrastructure, fiscal reform and improving economic fundamentals over crowded AI trades.
RIL stock: Jio's listing could unlock value, but will it drive a re-rating?
The anticipated IPO of Jio Platforms is likely to reshape valuation assessments for both Reliance Industries and Bharti Airtel. With Jio's market debut, Reliance may witness a decrease in its holding-company discount. Meanwhile, Airtel stands to gain from rising telecom tariffs, boosting average revenue per user and overall profitability. The enthusiasm from investors towards Jio's IPO highlights strong market confidence in the sector's trajectory.
Deepinder Goyal’s Dark.ai could be Eternal’s dark horse, but is it too early to bet?
Eternal’s Dark.ai, a privacy-focused AI assistant developed under Deepinder Goyal, could open a new growth avenue for the company. While brokerages see potential in the experimental venture, its commercial viability remains untested. With pricing, monetisation and profitability still unclear, investors may have to wait before assessing its earnings potential.
Korea’s KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak
Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.
Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India
Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality. Investors are anticipated to keep an eye on upcoming corporate announcements which may guide market trends.
Jefferies’ Chris Wood says it’s time to diversify beyond AI. Where should investors look now?
Jefferies’ Chris Wood is urging investors to diversify beyond AI as earnings growth for global AI stocks is expected to slow sharply and valuations remain elevated. His Asia portfolio retains exposure to semiconductor companies while avoiding heavy AI capex spenders, with India, China and other Asian markets featuring prominently in the allocation.
Novo Holdings, GIC, Axight look to back AIG Hospitals; Founders aim to pare 10-12% stake at Rs 24,000 cr valuation
Novo Holdings and GIC are discussing investing Rs 2,000-2,500 crore in AIG Hospitals based in Hyderabad. The investment reflects a growing interest among private equity firms in Indian healthcare. Founders of AIG Hospitals, Duvvur Nageshwar Reddy and Penmetsa Venkata Subbaraju, are planning a stake sale. AIG Hospitals has plans for a new facility in Visakhapatnam and aims to grow significantly.
HCL Tech Q2 Preview: Will the IT major narrow its guidance? 5 things to watch out for
HCL Tech is set to announce its September quarter results on October 12, with brokerages expecting 12% year-on-year profit growth and 16% revenue growth. Acquisitions, deal ramp-ups and seasonal strength are likely to support performance. Investors will track FY27 revenue guidance, margin trends, discretionary spending, deal wins and AI-led pricing pressures for clues on the company’s growth outlook.
Jefferies sees 76% upside in Kalyan Jewellers in bull case; here is why
Jefferies has reiterated a Buy rating on Kalyan Jewellers, setting a base target of Rs 830 and a bull-case target of Rs 1,000, implying a 76% upside. The brokerage highlighted market-share gains, store additions, and structural shifts to organised retail as primary long-term growth triggers for the stock.
UPI MDR spurs soundbox expansion beyond metros
The industry has scope to increase soundbox deployments from about two crore to five crore over time, a top official at the National Payments Corporation of India (NPCI) said, requesting anonymity.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may be excessive, presenting an opportunity to pick up quality stocks at lower prices. The forthcoming Monetary Policy Committee meeting will clarify the scope of any rate changes. Although there are immediate margin concerns, the overall asset quality in the banking sector remains stable.
Nomura initiates coverage on Allied Blenders with Buy rating, sees up to 20% upside
Nomura has initiated coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850, implying nearly 20% upside. The brokerage sees premiumisation, backward integration and margin expansion as key growth drivers, with EPS expected to grow at a 26% CAGR over FY26–FY29. Execution delays and slower premiumisation remain key risks.
Goldman Sachs sees Eternal achieving $1 billion EBITDA by FY29; raises target price
Goldman Sachs maintained a Buy rating on Eternal, formerly Zomato, raising its target price by 11% to Rs 385. The brokerage foresees Eternal hitting $1 billion EBITDA by FY29, driven by Blinkit's robust growth and steady-state margin expansion alongside stabilising competitive intensity in quick commerce.
Why did stock market crash today? Sensex tumbles 1,124 points, Nifty below 22,800; 6 factors behind Rs 8 lakh crore rout
On Monday, the Indian stock market saw a major sell-off, with the Sensex and Nifty indexes plummeting due to escalating Iran-US tensions that drove up oil prices. This volatility dampened investor sentiment while bond yields reached highs not seen in years, creating additional pressure on equities. The rupee depreciated against the US dollar, raising worries about currency stability as foreign investors continued liquidating their stocks.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
Jefferies’ Chris Wood calls energy India’s best structural growth story; names Hitachi Energy as picks-and-shovels play
Christopher Wood, the global head of equity strategy at Jefferies, identifies India's energy sector as a promising arena for growth, driven by the shift toward renewable energy sources like solar. Hitachi Energy India's CEO anticipates a significant 50% increase in energy demand by 2035, suggesting that electricity consumption could double.
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