Lupin shares saw an uptick after Jefferies raised its target price and reiterated a “Buy” rating post-strong Q2 results. The US business hit a multi-year high with $315 million in sales, supported by new launches and robust margins, prompting upward revisions to FY26–FY27 earnings and growth outlook.Read More
Japan’s Nikkei surged over 1% to 50,911.76, mirroring positive U.S. stock futures on hopes of an end to the government shutdown. Advantest, Tokyo Electron, and SoftBank Group led gains, with smaller chip stocks also seeing significant jumps. Honda Motor fell after a profit forecast cut, while Mercari jumped on strong net profit.Read More
Chakri Lokapriya of LGT Wealth anticipates Bajaj Auto, financials, and industrials to lead market gains, driven by falling interest rates and robust corporate balance sheets. He highlights two-wheeler demand recovery and strong credit uptake in financials as key catalysts. FII flows are expected to return with accelerated earnings growth, while the pharma CDMO segment shows sustained strength.Read More
Brokerages, including Jefferies, Motilal Oswal, Elara Capital, and HDFC Securities, have trimmed target prices for Trent to as low as Rs 4,300 following Q2 results, citing growth deceleration, weak like-for-like sales, and muted consumer sentiment. Despite stable margins, analysts flagged moderation in revenue momentum and advised caution amid rising competition and valuation concerns.Read More
Shakti Pumps shares dropped 8.1% after reporting weaker Q2 profits despite modest revenue growth and rising solar pump installations. The company’s export business showed strength, with healthy order inflows and global demand. However, declining margins and bearish technical indicators suggest short-term pressure on the stock despite a strong long-term growth pipeline.Read More
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