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Informist, Friday, May 15, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Tata Motors PV up 8%; co reports profit Q4 as JLR ops recover

 

MUMBAI--1033 IST--Tata Motors Passenger Vehicles' shares rose over 8% to an intraday high of INR 366.95. The stock gained momentum after it posted a consolidated net profit for the March quarter against a loss in the previous quarter. The company posted net profit growth on the back of recovery in its UK subsidiary JLR, Jaguar-Land Rover. 

 

For the March quarter, the Safari-maker reported a consolidated net profit of INR 57.83 billion, down nearly 32% on year. In the December quarter, the company reported a consolidated net loss of INR 34.86 billion due to the impact of a cyberattack on JLR. A recovery in the operations of JLR aided the company's bottom line. The net profit was sharply above the Street's view of INR 40.67 billion. The revenue of the company grew over 7% on year to INR 1.05 trillion, down from the analysts' estimate of INR 1.11 trillion. 

 

JM Financial Services has upgraded the stock to 'buy' from reduce as it expects the demand outlook for JLR to improve, domestic demand remains healthy, and a strong launch pipeline. "Demand (for JLR) in the EU (European Union) and the UK is stable, while North America appears strong," JM Financial said. On the domestic front, the launch of new products such as Sierra Electric Vehicle in June with two new nameplates and four facelifts, are expected to support the company's participation in industry growth. "But supply-side issues continue, which it plans to mitigate via ramp-up at suppliers," the brokerage added. JM Financial raised the target price on the stock 27% to INR 415.  

 

The India, passenger vehicles revenue is expected to grow at a compound annual growth rate of 19%, led by launches and healthy demand, Nuvama Institutional Equities said. The earnings before interest, tax, depreciation, and amortisation of the company are expected to grow at a faster CAGR of 36% on a higher scale, better mix, receipt of production linked incentives schemes and cost savings, the brokerage added. Nuvama maintained a 'buy' call on the stock and raised the target price nearly 18% to INR 470.   

 

At 1030 IST, Tata Motors PV's shares traded nearly 5% higher at INR 355.35. Nearly 21 million shares of the company changed hands on NSE, which is 10 times higher than the number of shares traded till the same time Thursday. The stock is the top gainer among the Nifty 50 constituents.  (Adhithya Aji)

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Equity Alert: ITC Hotels shares up nearly 2% ahead of Jan-Mar earnings

 

MUMBAI--1040 IST--Shares of ITC Hotels rose nearly 2% to an intraday high of INR 158.10 ahead of its March quarter earnings due later in the day. At 1037 IST, the stock was at INR 157.39, up 1.3% from Thursday's close. Over 1 million shares of the company changed hands on the National Stock Exchange, higher than over 579,000 shares till the same time Thursday.
 

For the March quarter, Elara Securities (India) Pvt. Ltd. expects the company's net profit to rise nearly 21% on year to INR 3.10 billion, while JM Financial Institutional Securities Pvt. Ltd expects it at INR 2.98 billion, up nearly 16% on year. For the year-ago quarter, the company reported a consolidated net profit of INR 2.57 billion.

 

On the revenue front, Elara Securities expects the company's consolidated sales at INR 12.20 billion, up 15% on year. JM Financial expects the top line at INR 11.68 billion, up over 10% on year. The brokerage attributes the likely growth in revenue to "ramp-ups at its (ITC Hotels') newer properties." The brokerage also expects the company's earnings before interest, taxes, depreciation, and amortisation to grow 9% on year and its revenue per available room to report single-digit growth.

 

All five research reports on the company available with Informist have a "sell" rating on the stock with an average target price of INR 242 per share, which is nearly 54% higher than the current market price.  (Shruti Nair)

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Equity Alert: Markets open higher Friday amid focus on US-China talks

 

MUMBAI--0940 IST--Benchmark indices opened higher Friday with information technology companies as the major gainers. The investors focused on the US-China talks, which would indicate the future of the US-Iran war. At 0939 IST, the Nifty 50 was at 23769.30, up 79.70 points or 0.3%, and the BSE Sensex was at 75648.83, up 250.11 points or 0.3%  

 

Tata Motors Passenger Vehicles was the best-performing Nifty 50 constituent, rising nearly 5?ter the automaker reported a consolidated net profit for the March quarter compared with losses in the previous quarter. The company turned a profit as its UK subsidiary JLR recovered from losses. 

 

Information technology companies Tech Mahindra, Infosys, Tata Consultancy Services, HCL Technologies, and Wipro rose 1-3%. IT companies bounced back after declining in the previous four sessions. Coal India, Dr. Reddy's Laboratories, Power Grid Corp. of India, Maruti Suzuki India, and Bharti Airtel rose 1% higher each. 

 

Hindalco Industries was the worst hit stock among Nifty 50 constituents, down nearly 3%. Bharat Electronics, Eternal, Trent, and Reliance Industries were down 1?ch. 

 

Nifty IT was the top gainer among the sectoral indices, up over 2%, while Nifty Metal was the worst hit, down over 1%. All the broader market indices opened lower. The Nifty smallcap indices were down 0.7-0.9%, while the Nifty midcap indices declined 0.1-1.2%.

 

Tata Motors PV was also the top gainer in the Nifty 200. United Spirits rose nearly 5?ter the company's March quarter net profit beat the Street estimate by a wide margin. Housing & Urban Development Corp. was the worst hit in the Nifty 200, down nearly 7%. Muthoot Finance fell by over 5%. 

 

In the Nifty 500, Great Eastern Shipping Co. was the top gainer, rising over 8%. Sai Life Sciences fell nearly 12% and was the worst hit stock in the Nifty 500.  (Adhithya Aji) 

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Equity Alert: Seen opening higher; focus stays on US-China talks, oil prices

 

MUMBAI--0850 IST--Domestic benchmark indices may open slightly higher despite a fall in Asian market indices in early trade. The Gift Nifty May futures contract movement suggested a higher opening for the Nifty 50. At 0846 IST, the Gift Nifty was marginally lower at 23771.50, up over 80 points from the Nifty 50's previous close of 23689.60. The US-China talks and crude oil prices will be the major triggers that could determine the market direction ahead.

 

As per the latest development, US President Donald Trump and China's President Xi Jinping agreed Iran must never obtain nuclear weapons, The Sunday Guardian reported. The agreement highlighted concerns over escalating tensions in West Asia and uncertainty about the region's security, the report said. Trump and Xi Jinping discussed the Strait of Hormuz opening, with the Chinese leader agreeing that the waterway "must remain open to support the free flow of energy," Al Jazeera reported, citing the White House officials.

 

At 0850 IST, the Brent crude oil July futures contract was over 1% higher at $107.11 a barrel. "If the crude is going to fall to $90 per barrel or below that, the market will react positively," Sanjeev Hota, head of equities strategy at Sharekhan, said. "If the crude is going to be above $120 or $125 a barrel mark, then the market will fall," he said, adding the market would be volatile if crude is going to stay at the current state.

 

Early Friday, Indian Oil Corp. hiked petrol and diesel prices by INR 3 per litre in New Delhi amid the energy crisis due to the West Asia war. The price of retail petrol saw a hike of INR 3 per litre to INR 97.77 per litre from INR 94.77 per litre. Diesel prices were hiked to INR 90.67 per litre from INR 87.67 per litre earlier, as per the data from IOC.

 

"The Nifty 50 is expected to face resistance at 23800 levels and find support at 23580-23500," Vipin Kumar, derivatives and technical analyst at Globe Capital Market, said. Market participants will watch for the March quarter corporate results of Power Grid Corp. of India, Tata Steel, and State Bank of India, due later in the day. Power Grid is expected to report a net profit of over INR 44 billion for the March quarter, up over 2% on year. Its top line for the quarter is seen at over INR 128 billion, which would mean a growth of 16.63% on year.

 

Shares of Adani Group companies Adani Enterprises, Adani Ports, Adani Green Energy, Adani Energy Solutions, and Adani Power were also in focus, after multiple reports suggested that the US authorities are moving to resolve the fraud charges against Gautam Adani and end a criminal case, according to a report by CNBC-TV18. Adani Enterprises ended Thursday's session nearly 9% higher and Adani Ports And Special Economic Zone was over 2% higher. Adani Green Energy, Adani Energy Solutions, and Adani Power settled 0.1-5% higher.

 

In the global equity market, all Asian indices were lower, with Indonesia's IDX Composite falling 2%. The Nikkei 225 index was down over 1% in early trade. In the US market, all three major indices settled nearly 1% higher each Thursday.  (Arundathi A R)

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Equity Alert: Asia indices fall, KOSPI down 4%; focus stays on Trump-Xi meet

 

 

MUMBAI--0835 IST--Indices in Asia were lower as market participants remained watchful of the meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing. The talks between Washington and Beijing signalled a step in the right direction, according to media reports.

 

"China and the US are fully capable of and should continue to be friends and partners, helping each other succeed and achieving shared prosperity," Bloomberg quoted Chinese Premier Li Qiang as saying. The top American executives, including Elon Musk, Jensen Huang, and Tim Cook, told the Chinese president they hoped to boost cooperation and business in China, according to the media agency.

 

Meanwhile, Trump said that China will purchase oil from the US. "...they're going to go to Texas, we're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," Trump told Fox News in an interview, CNBC reported. There is no response from China on this comment yet. Brent Crude oil futures, however, were over 1% higher at nearly $107 per barrel.

 

In some stock market-related action, South Korea's benchmark KOSPI was sharply lower by 4% even as the index notched a fresh record high during the start of the trading session Friday. The KOSPI briefly breached past the 8000 mark before slipping into the red. Shares of heavyweights Samsung Electronics Co. and SK Hynix tumbled over 4% and 3%, respectively. The South Korean benchmark index rallied 1000 points in eight sessions despite the strife between the US and Iran escalating.

 

The following were the levels of major Asian indices at 0833 IST:

 

Index	Level	Change in %
CSI 300 Index	4897.5504	(-)0.35
Hang Seng Index	26122.40	(-)1.01
Nikkei 225 Day	61849.81	(-)1.28
TOPIX FIRST SECTION	3864.90	(-)0.37
KOSPI	7731.65	(-)3.13
FTSE Singapore Strait Times	4984.42	(-)0.23
S&P/ASX 200 Index	8630.80	(-)0.11

 

(Ruchira Kagita)

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Equity Alert: US indices end on strong note; S&P 500, NASDAQ hit new highs

 

MUMBAI--0750 IST--US Indices ended Thursday on a strong note. The S&P 500 and NASDAQ Composite notched fresh record highs for the second consecutive session, and the Dow Jones Industrial Average closed above 50000 for the first time in a little over two months. While technology stocks continued to drive indices higher, market participants were also buoyed by positive signals from the crucial meeting between US President Donald Trump and Chinese President Xi Jinping. 

 

"American enterprises are deeply involved in China's reform and opening up, a process from which both sides have benefited," Bloomberg quoted the Chinese leader as saying, citing China Central Television. "China's door to the outside world will only open wider," Xi said. 

 

Among some key individual movers was Cisco. The company's shares surged after it reported strong earnings for the quarter ended April. Orders linked to artificial intelligence infrastructure from hyperscalers rose to $5.3 billion till April, already surpassing its full-year guidance of $5.0 billion. The company also raised its sales forecast for the full year ending July, and it expects revenue to be between $62.8 billion and $63.0 billion. The company earlier guided for revenue to be in the range of $61.2 billion–$61.7 billion. Shares of Cisco closed over 13% higher.

 

In macroeconomic news, advance estimates of US retail sales rose 0.5% on month to $757.1 billion after a downwardly revised 1.6% jump in March. On a yearly basis, retail sales were up 4.9%. Receipts at gasoline stations increased 2.8% on month after posting a 13.7% surge in March. 

 

"The powerful equity market rally is supporting spending on the upper leg of the K-shaped expansion, more than offsetting any pullback from those on the lower leg who are struggling with higher fuel, transportation and food costs," Sal Guatieri, a senior economist at BMO Capital Markets, told Reuters. 

 

The following were the closing levels of major US indices on Thursday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	50063.46	0.75
NASDAQ Composite	26635.22	0.88
S&P 500	7501.24	0.77

 

(Ruchira Kagita)

 

US$1 = INR 95.92

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
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Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

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Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

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