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Informist, Monday, Jun. 22, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Kirloskar Oil shrs surge; co gets order for 96 power systems 

 

MUMBAI--1124 IST--Shares of Kirloskar Oil Engines hit the 20% upper band at INR 2,389.80 in early trade on Monday. The stock rose after the company said it had secured an order from digital infrastructure company HyperNext for 96 units of its 2,500 kilovolt-ampere optiprime dual core power systems to support large-scale data centre projects. The order is among the largest deployments of high-capacity standby power systems for data centres in India.

 

At 1121 IST, 1.75 million shares of the company had changed hands on the NSE, nearly 21 times the 84,026 shares traded until the same on Friday.

 

Brokerage Motilal Oswal sees the company's core power generation segment receiving a boost from its data centre-related orders. The latest order win underscores the growing traction of Kirloskar Oil's high-horsepower products in the data centre market, the brokerage said in a report. "The company is continuously targeting projects across Edge, co-location and hyperscaler data center projects. We expect a similar traction to continue over the next few years for the company," the brokerage said.

 

Further, the brokerage expects the company's ongoing capital expenditure to benefit volumes amid strong demand. In May, the company announced capital expenditure of INR 14 billion for expanding engine capacity by 20,000 in 2027-28 (Apr-Mar). This capital expenditure is aimed to cater to demand coming from high horsepower and Optiprime, industrial, and export segments, the brokerage highlighted. With the current capex plan is likley to generate incremental revenue of around INR 50 billion – INR 56 billion with peak utilisation by FY30, Motilal Oswal said. 

 

Over FY26-29, the brokerage expects the company's revenue to grow at a compounded annual rate of 23%. It also sees an improvement of 190 basis points in the company's margins in light of a better product mix and operating leverage benefits. The brokerage underscores that the company's entry into hyperscalers as well as its fast-growing overall power generation and industrial business is facilitating a further reduction in the valuation discount against its competitor Cummins. The brokerage maintained a 'buy' recommendation on the stock and increased its target price by nearly 24% to INR 2,350. However, the stock breached that estimate and is currently trading at its upper band level.  (Shruti Nair)

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Equity Alert: Indices a tad up; heavyweights, auto cos support Nifty 50

 

MUMBAI--1110 IST--Domestic benchmark indices rose slightly as automobile stocks saw a further rise along with information technology stocks. Index heavyweights Reliance Industries, HDFC Bank, and ICICI Bank also helped the Nifty 50 index sustain its earlier gains.

 

At 1101 IST, the Nifty 50 was at 24160.50, up over 147 points or 0.6% higher than Friday's close. The BSE Sensex was at 77293.61, over 490 points or 0.6% higher than its previous close. In the 50-stock index, 35 stocks were trading higher. Broader market indices also gained slightly, with small-cap indices up 0.4–0.7% and mid-cap indices up 0.3?ch. India VIX fell nearly 1?ter gaining around the same level in early trade.

 

The Nifty Auto was around 1% higher and was among the major gaining sectoral indices. Barring Samvardhana Motherson International, all stocks in the sectoral index were higher. In the Nifty 50 index, Tata Motors Passenger Vehicles, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra were up 0.7–2.6%.

 

Cipla continued to be the top gainer in the 50-stock index, up almost 4%. Index heavyweights Reliance Industries, HDFC Bank, and ICICI Bank rose 0.7-2.2%.

 

On the other hand, Max Healthcare Institute remained the biggest laggard in the index, down over 1%. Titan Co., Adani Ports and Special Economic Zone, and Asian Paints were the other stocks in the Nifty 50, down almost 1?ch.  (Arundathi A R)

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Equity Alert: Indices up on US-Iran peace talks, crude oil below $80/bbl

 

MUMBAI--0945 IST--The domestic equity market opened higher Monday, taking positive cues from the peace talks between the US and Iran in Switzerland. Brent crude oil staying below $80 a barrel also supported the indices, which had snapped a five-session rally Friday.

 

At 0916 IST, the Nifty 50 was at 24114.80, up over 100 points or 0.4% from Friday's close. The BSE Sensex was at 77152.75, up almost 350 points, or 0.5%, from its previous close. Most of the constituents of the 50-stock index were up in early trade, with information technology stocks gaining more. A rise of almost 1% in heavyweight stock HDFC Bank also lifted the index.

 

The broader market indices were all up, with the Nifty smallcap indices gaining 0.2–0.5%. Midcap indices were up 0.2?ch. India VIX was up 0.6% at 13.0500 points. "Despite the confusing news coming from the West Asia talks, Brent crude is trading below  $80. This market signal indicates that further flare up in the conflict is unlikely," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. "However, the situation remains fluid and has to be watched closely. Meanwhile, rupee appreciation and tapering of FPI (foreign portfolio investor) outflows continues, and this has the potential to impart resilience to the market."

 

The Nifty IT rose to be among the top performing sectoral indices, up 1%. The index had fallen the most Friday. All its constituents were up, with Coforge and Infosys up over 1.5?ch from Friday's close. Tech Mahindra, HCL Technologies, Wipro, and Tata Consultancy Services were up 0.6–1.3%.

 

Cipla and Reliance Industries contributed the highest gains to the Nifty 50 index, up over 2?ch. Shares of Reliance Industries rose after falling for two sessions. Most brokerages turned bullish on the stock after the company's annual general meeting Friday. The Nifty Oil & Gas was the highest gainer among sectoral indices, up over 1%. Aegis Logistics was the top performer in the sectoral index, up 6.5% from Friday.

 

Voltas was the top gainer in the Nifty 200 index, up over 4%. The stock rose for the sixth time in the past seven sessions after the company said it sold 1 million room air conditioners in the first three months of the financial year 2026–27 (Apr-Mar). PB Fintech and Housing & Urban Development Corp. rose nearly 3?ch to be among the top performers in the Nifty 200.

 

Kirloskar Oil Engines rose the most in the Nifty 500 and hit its 20% upper circuit. The company received an order for 96 power systems for data centres from digital infrastructure company HyperNext. Clean Science and Technology rose almost 8% to be among the top performers in the Nifty 500. Garden Reach Shipbuilders & Engineers was up over 3?ter the government approved Navratna status for the company Friday.

 

The Nifty PSU Bank and Nifty Consumer Durables were the only sectoral indices to fall. Both were marginally down with most of their constituents also down.

 

In the Nifty 50, Max Healthcare Institute was the biggest loser, down over 1%. Adani Enterprises and Adani Ports and Special Economic Zone were down almost 1?ch.

 

Tata Capital, Varun Beverages, and Cummins India were the major losers in the Nifty 200 index, down over 2?ch. In the Nifty 500, Craftsman Automation and Aavas Financiers were down around 4?ch.  (Arundathi A R)

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Equity Alert: To open higher amid US-Iran peace talks; oil prices in focus

 

MUMBAI--0840 IST--Headline equity indices are expected to open higher Monday amid ongoing peace talks between the US and Iran, with mediators Qatar and Pakistan saying the warring countries had agreed ‌to a road map towards a final deal within 60 days. Crude oil prices, which are below $80 a barrel again, are also expected to fuel market sentiment. However, concerns will persist as US President Donald Trump again threatened Iran with strikes.

 

Trump threatened Iran with strikes if it did not stop Hezbollah amid continued clashes with Israel in Lebanon. However, Iran dismissed the warning, saying it was prepared to fight, BBC reported. According to a senior US diplomat engaged in the talks, negotiations between the countries to reach a final deal to end the war are expected to continue in Switzerland, according to the BBC report.

 

"Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble," CNBC reported, quoting Trump in his Truth Social post, referring to Iran's Hezbollah allies in Lebanon. "If they don't, we'll hit Iran very hard again, just like we did last week, only harder!!!" In an interview with Fox News, Trump added he had told Iranian officials if they closed the strait, "you won't have a country", and threatened to take over the waterway, the CNBC report said.

 

At 0838 IST, Brent Crude oil August futures were nearly 2% lower at $79.06 a barrel. The price was still over 8% higher than its pre-war level of $72.87 per barrel.

 

According to broking firm Emkay Global Financial, the post-war rally is running into rough weather, and equities may pause due to multiple headwinds. "In the short term, we see markets consolidating at current levels, with some risk of a sell-off if oil crosses $85/bbl," it said in a strategy report. However, the brokerage said it would view any weakness as an entry opportunity and remain constructive on the broader market.

 

Along with US-Iran talks developments, crude oil price movements, monsoon updates, and foreign investment flows, market participants are also expected to track the annual general meetings of Infosys, Trent, Adani Enterprises, Adani Ports and Special Economic Zone, and Cipla, which are scheduled for this week.

 

At 0837 IST, June futures of GIFT Nifty were at 24117, up 68.50 points or 0.3% higher. This was over 100 points higher than the Nifty 50's Friday close of 24013.10, suggesting a higher opening for Monday. The July contract of GIFT Nifty was at 24234.50, up 62 points or 0.3%. "Markets are likely to continue to trade with a positive bias as brent oil remains near 80 ($80 a barrel)," Ruchit Jain, technical research head at Motilal Oswal, said. 

 

Among Asian equity markets, Taiwan's TAIEX led the pack of gainers, and was up nearly 3%. On the other hand, the Hang Seng Index logged a loss of over 1%. US equity markets were shut on Friday for the Juneteenth holiday.  (Arundathi A R)

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Equity Alert: Most Asian indices up on progress in US-Iran peace talks

 

MUMBAI--0815 IST--Most stock indices in Asia rose in early trade on Monday amid news of progress in peace talks between the US and Iran. In the latest development on the West Asia front, the two countries have agreed on reaching a final deal within 60 days and establishing a committee to end hostilities in Lebanon. South Korea's Kospi and Japan's Nikkei 225 were among the highest gainers in the region during early trade.

 

Following the conclusion of the first session of talks between the US and Iran, meditating parties Qatar and Pakistan put out a joint statement. "The Lake Lucerne Summit was conducted in a positive and constructive atmosphere. Encouraging progress has been made, including the creation of a mechanism for further technical talks," according to the statement. This comes after US President Donald Trump on Sunday threatened to renew strikes on Iran, which led to a brief rise in oil prices, with the August futures of Brent Crude Oil climbing to over $82 per barrel. Since then, oil futures have shed 2% to nearly $79 per barrel.

 

Monday, Nikkei 225 hit a record intraday high in early trade at 72747.83 after opening lower. The index was up nearly 2% during early trade with stocks of major electronics and metal stocks leading the gains. South Korea's Kospi also erased its opening losses and rose 1%, among the highest gainers in the region. On the other hand, Hong Kong's Hang Seng, down 1.3%, was the worst hit index in the region. The index was down for the fourth consecutive session and shed nearly 5% during the period.

 

Following are the levels of major Asian indices at 0814 IST:

 

Index	Level	Change in %
CSI 300 Index	4942.41	0.02
Hang Seng Index	23643.62	(-)1.18
Nikkei 225 Day	72648.47	1.96
TOPIX FIRST SECTION	4097.60	1.3
KOSPI	9145.36	1.03
FTSE Singapore Strait Times	5187.21	(-00.11
S&P/ASX 200 Index	8834.90	0.07

 

(Shruti Nair)

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Equity Alert: US futures fall amid new threats by Trump

 

MUMBAI--0740 IST--Futures tied to major US indices trended lower as investors assessed the viability of the US-Iran deal. On Sunday, US President Donald Trump issued fresh threats against Iran even as peace talks under the interim deal between the two countries were underway in Switzerland. Crude oil prices, which had shed over 8% last week, briefly resumed their climb, touching a high of $82.30 per barrel early on Monday. Since then, August futures of Brent Crude oil have come off highs and were below $80 per barrel at 0735 IST.

 

"Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble," Trump wrote in a post on Truth Social on Sunday. "If they don't, we'll hit Iran very hard again, just like we did last week, only harder!!!" This was after Iran once again closed Strait of Hormuz on Saturday over Israeli attacks in Lebanon. "The situation in Lebanon continues to pose a serious ongoing threat to both the ceasefire and the reopening of the Strait," Reuters quoted a note by IG market analyst Tony Sycamore.

 

In response to Trump's threats, Iranian negotiators walked out in protest, according to a report by The Guardian. Subsequently, futures tied to the three major US indices were down 0.2-0.4?ter closing higher on Thursday. US markets were closed on Friday on account of the Juneteenth holiday.

 

Global investors will also keep an eye out for the release of US personal consumption expenditures price index for May. The PCE reading, the US Federal Reserve's preferred inflation gauge, is expected to have increased in May, even excluding volatile food and energy prices, according to a CNBC report. While the Fed held short-term interest rates steady at 3.5–3.75% last week, in line with expectations, a higher inflation reading could signal that the central bank may soon hike rates.

 

Following were the closing levels of major US indices on Thursday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51564.7	0.14
NASDAQ Composite	26517.93	1.91
S&P 500	7500.58	1.08

 

(Shruti Nair)

 

US$1 = INR 94.46

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

 

Edited by Avishek Dutta

 

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.

 

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