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Goldman Sachs upgraded India to Overweight, setting a Nifty target of 29,000 by 2026. The brokerage cited strong earnings prospects and outlined four key investment themes driving future growth.
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Nuvama Institutional Equities initiated coverage on Swiggy with a ‘Buy’ rating and a target price of ₹510, citing its strong scale, improving profitability in food delivery, and early recovery in quick commerce. The brokerage highlighted Swiggy’s turnaround in execution, noting it now outpaces Zomato’s growth and stands among India’s largest hyperlocal delivery players.
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Goldman Sachs has upgraded India to ‘Overweight’, projecting Nifty at 29,000 by 2026, driven by policy support, earnings revival, improving foreign flows, and renewed optimism in domestic growth prospects.
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Lenskart’s founder shared personal stories at the company’s listing ceremony. The eyewear brand began with challenges, including convincing people to join a ‘chashma ka company’. A teacher’s emotional reaction to new glasses highlighted the company’s purpose. Lenskart’s shares debuted with caution, but the company remains a significant player in India’s eyewear market. Its technology and...
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Garden Reach Shipbuilders and Engineers shares surged up to 7% after the company posted strong Q2 and H1 FY26 results, supported by robust revenue growth, higher profitability, and a healthy order book. Management expressed confidence in sustaining growth momentum, backed by strong project execution and continued order visibility for the year ahead.
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India’s motorcycle sector saw robust growth in the second quarter of FY26. This surge was driven by recent Goods and Services Tax reductions and strong festive season demand. Higher-end motorcycle models performed exceptionally well, indicating a positive shift in consumer spending. Exports also reached record highs, showcasing broad-based international demand across various regions and product...
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Investor enthusiasm for Groww’s ₹6,632 crore IPO has tempered, with its grey market premium slipping to ₹5 (5%) above the issue price of ₹100 on allotment day. Despite strong subscription, the soft GMP signals caution over near-term listing gains.
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Investor sentiment toward new-age tech IPOs has cooled sharply after Lenskart’s weak debut. Grey market premiums (GMPs) for Groww, PhysicsWallah, and Pine Labs have plunged to just 2–5%, reflecting caution among investors. Analysts say high valuations and tepid demand have dampened near-term enthusiasm for digital-first companies hitting Dalal Street.
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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.
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