Mutual funds increased stakes in 51 firms reporting over 25% YoY profit growth in Q2 FY25. Top performers like Navin Fluorine, Laurus Labs, and TVS Motor delivered 2585% gains.
Foreign investors reduced their stakes in Indian consumer stocks during the September quarter, despite a consumption tax cut aimed at boosting spending. While retail sales saw an 8.5% increase during the festival season, economists caution that pent-up demand and ongoing economic headwinds like slow income growth may temper the outlook.
Fitch Ratings has taken a positive step by upgrading the outlook for Adani Ports and Adani Energy Solutions to Stable. This decision underscores the Adani Group's impressive access to a wide range of funding options.
Mirae Asset NYSE FANG+ETF FoF has delivered nearly 70% CAGR in three years, outperforming other equity funds. Despite a negative return in 2022, the fund has shown strong performance driven by tech giants and AI optimism. Experts advise caution due to high valuations and concentration, suggesting SIPs for volatility management.
Shares of 3M India surged 13% to Rs 34,700 after reporting a 43% year-on-year rise in Q2FY26 profit to Rs 191 crore. Revenue grew 14%, led by broad-based sales across all segments. ICICI Securities raised its target to Rs 35,700, citing strong auto demand and government-led infrastructure momentum.
Thangamayil Jewellery surged 19% to a record high of Rs 3,089 after posting a strong turnaround in Q2FY26 and record sales in October. The company reported a net profit of Rs 58.5 crore versus a loss last year, while revenue jumped 45% YoY. October revenue crossed Rs 1,000 crore for the first time, driven by festive demand.
Veteran investor Ashish Kacholia reduced his holdings in four companies during the September quarter. He trimmed stakes in Dhabriya Polywood, Fineotex Chemical, Xpro India, and Brand Concepts. This move signals selective profit-taking after strong multi-year gains in these investments. Kacholia's portfolio currently holds 48 stocks valued over Rs 2,739 crore.
Hero MotoCorp shares slipped 3% to Rs 5,382 after reporting a 6.3% decline in October sales for FY26, driven by lower motorcycle and domestic sales. However, scooter and export volumes rose sharply. Citi retained its Buy rating with a Rs 6,100 target, citing festive demand and solid retail momentum.
India's auto sector shows renewed vigor post-GST rate rationalization, with passenger vehicles leading the recovery and two-wheelers showing optimism. Commercial vehicles, however, are expected to take longer to rebound, linked to broader capital expenditure. Meanwhile, investors are advised caution on IPOs, urging a wait for financial clarity post-listing.
