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Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads 20% stake As much as 20 percent equity stake in Indus Towers was sold in block deals on June 19, with UK's Vodafone Group being the likely seller. The deals, involving 53.30 crore shares of the mobile tower company was worth a total of Rs 17,065 crore. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported citing sources that Vodafone Group was eyeing to offload up to 18 percent stake in Indus Towers. According to reports, private equity firms I Squared Capital and alternative investment firm Stonepeak were among the list of buyers vying for Vodafone's stake in the mobile tower company. Based on the report, Abhilash Pagaria, Head – Nuvama Alternative & Quantitative Research, anticipated a float adjustment for Indus Towers in passive indices to take place in the next few days.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads 20% stake As much as 20 percent equity stake in Indus Towers was sold in block deals on June 19, with UK's Vodafone Group being the likely seller. The deals, involving 53.30 crore shares of the mobile tower company was worth a total of Rs 17,065 crore. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported citing sources that Vodafone Group was eyeing to offload up to 18 percent stake in Indus Towers. According to reports, private equity firms I Squared Capital and alternative investment firm Stonepeak were among the list of buyers vying for Vodafone's stake in the mobile tower company. Based on the report, Abhilash Pagaria, Head – Nuvama Alternative & Quantitative Research, anticipated a float adjustment for Indus Towers in passive indices to take place in the next few days.

What next for momentum stocks after reduced majority for NDA coalition The toast of the market till just a couple of days ago, so-called ‘momentum stocks’, are suddenly under pressure on concerns that coalition politics could slow down policy actions. The BJP’s failure to win a majority on its own means the party will be forced to consult alliance partners on key decisions, some market friendly but politically unpalatable. That triggered a 12-25 percent rout in these stocks on Tuesday after the results were out.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads 20% stake As much as 20 percent equity stake in Indus Towers was sold in block deals on June 19, with UK's Vodafone Group being the likely seller. The deals, involving 53.30 crore shares of the mobile tower company was worth a total of Rs 17,065 crore. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported citing sources that Vodafone Group was eyeing to offload up to 18 percent stake in Indus Towers. According to reports, private equity firms I Squared Capital and alternative investment firm Stonepeak were among the list of buyers vying for Vodafone's stake in the mobile tower company. Based on the report, Abhilash Pagaria, Head – Nuvama Alternative & Quantitative Research, anticipated a float adjustment for Indus Towers in passive indices to take place in the next few days.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

What next for momentum stocks after reduced majority for NDA coalition The toast of the market till just a couple of days ago, so-called ‘momentum stocks’, are suddenly under pressure on concerns that coalition politics could slow down policy actions. The BJP’s failure to win a majority on its own means the party will be forced to consult alliance partners on key decisions, some market friendly but politically unpalatable. That triggered a 12-25 percent rout in these stocks on Tuesday after the results were out.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads 20% stake As much as 20 percent equity stake in Indus Towers was sold in block deals on June 19, with UK's Vodafone Group being the likely seller. The deals, involving 53.30 crore shares of the mobile tower company was worth a total of Rs 17,065 crore. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported citing sources that Vodafone Group was eyeing to offload up to 18 percent stake in Indus Towers. According to reports, private equity firms I Squared Capital and alternative investment firm Stonepeak were among the list of buyers vying for Vodafone's stake in the mobile tower company. Based on the report, Abhilash Pagaria, Head – Nuvama Alternative & Quantitative Research, anticipated a float adjustment for Indus Towers in passive indices to take place in the next few days.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

What next for momentum stocks after reduced majority for NDA coalition The toast of the market till just a couple of days ago, so-called ‘momentum stocks’, are suddenly under pressure on concerns that coalition politics could slow down policy actions. The BJP’s failure to win a majority on its own means the party will be forced to consult alliance partners on key decisions, some market friendly but politically unpalatable. That triggered a 12-25 percent rout in these stocks on Tuesday after the results were out.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads 20% stake As much as 20 percent equity stake in Indus Towers was sold in block deals on June 19, with UK's Vodafone Group being the likely seller. The deals, involving 53.30 crore shares of the mobile tower company was worth a total of Rs 17,065 crore. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported citing sources that Vodafone Group was eyeing to offload up to 18 percent stake in Indus Towers. According to reports, private equity firms I Squared Capital and alternative investment firm Stonepeak were among the list of buyers vying for Vodafone's stake in the mobile tower company. Based on the report, Abhilash Pagaria, Head – Nuvama Alternative & Quantitative Research, anticipated a float adjustment for Indus Towers in passive indices to take place in the next few days.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Landmark Cars: Decent quarter, encouraging outlook New offerings by OEMs and preference for premium vehicles augur well for the company October was a blockbuster month for the car industry with the highest ever retail of 4,84,000 passenger cars, which is approximately 32 percent higher YoY ▪️Discounting and ramp-up costs impacted profitability ▪️Focus on continued expansion and growth by onboarding new OEMs ▪️Festive demand was strong and management expects momentum to continue ▪️After-sales service a high-margin segment, seeing strong growth ▪️Valuation at a reasonable level Landmark Cars (CMP: Rs 638, MCap: Rs 2,636 crore, Rating: Over-weight), a leading auto retailer for premium and luxury cars in India, has posted a strong set of numbers in Q2 despite the challenges that the auto industry is facing.

Jefferies bullish on Hindustan Aeronautics, sees 12% upside amid indigenisation push So far this year, the stock of this defence major has surged over 81 percent, outperforming 7 percent rise in the benchmark Nifty 50 index Defence major Hindustan Aeronautics (HAL) bagged a 'buy' call from Jefferies and a target price of Rs 5,725 apiece, indicating a 12 percent upside potential due to its focus on indigenisation and exports. "We expect HAL to continue double-digit growth for 3-5 years as the sentiment around defence indigenisation and exports remain upbeat. HAL is in a sweet spot as the business has high technology entry barriers," the brokerage firm said in a recent note. Jefferies also pointed out that current valuations do not fully reflect HAL's high entry barriers and near-monopoly status.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads 20% stake As much as 20 percent equity stake in Indus Towers was sold in block deals on June 19, with UK's Vodafone Group being the likely seller. The deals, involving 53.30 crore shares of the mobile tower company was worth a total of Rs 17,065 crore. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported citing sources that Vodafone Group was eyeing to offload up to 18 percent stake in Indus Towers. According to reports, private equity firms I Squared Capital and alternative investment firm Stonepeak were among the list of buyers vying for Vodafone's stake in the mobile tower company. Based on the report, Abhilash Pagaria, Head – Nuvama Alternative & Quantitative Research, anticipated a float adjustment for Indus Towers in passive indices to take place in the next few days.

Landmark Cars: Decent quarter, encouraging outlook New offerings by OEMs and preference for premium vehicles augur well for the company October was a blockbuster month for the car industry with the highest ever retail of 4,84,000 passenger cars, which is approximately 32 percent higher YoY ▪️Discounting and ramp-up costs impacted profitability ▪️Focus on continued expansion and growth by onboarding new OEMs ▪️Festive demand was strong and management expects momentum to continue ▪️After-sales service a high-margin segment, seeing strong growth ▪️Valuation at a reasonable level Landmark Cars (CMP: Rs 638, MCap: Rs 2,636 crore, Rating: Over-weight), a leading auto retailer for premium and luxury cars in India, has posted a strong set of numbers in Q2 despite the challenges that the auto industry is facing.