Positive developments in U.S.-Iran peace talks and the Reserve Bank of India’s recent measures are easing pressure on the Indian rupee. Hedging costs and volatility expectations have significantly dropped, indicating reduced market anxiety. While the rupee has recovered from its recent low, sustained improvement hinges on trade and investment flows amidst a widening current account deficit and capital flow weakness.Read More
Despite a prolonged market correction in March, Aditya Kondawar of Complete Circle Capital has been actively investing in BFSI, automobiles, and defence. He highlights cleaner balance sheets in BFSI, a decadal growth outlook for autos driven by rising aspirations, and a structural shift in defence manufacturing due to modern warfare trends.Read More
Suzlon Energy shares have surged 20% in a month as rising power demand and reduced gas and hydro output amid the Iran-US conflict boost wind energy’s relevance. JM Financial sees the company as an unintended beneficiary, citing strong evening demand, improved execution outlook, and over 30% upside potential.Read More
Shares of Billionbrains Garage Ventures fell 2%, snapping a five-day rally, even as brokerages initiated coverage with bullish views. BofA and JPMorgan highlighted strong growth prospects, profitability and market leadership, while flagging near-term risks from market slowdown and potential supply overhang following the expiry of the post-IPO lock-in period.Read More
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