State-run defence company Bharat Electronics Limited (BEL) on Friday declared an interim dividend of Rs 1.95 per share for the financial year 2025-26 and set the record date on Thursday, March 5 for determining the eligible shareholders. The interim dividend will be paid within 30 days from the date of declaration, the company said in…
Domestic brokerage firm JM Financial has initiated coverage on Adani Power with a ‘Buy’ rating, setting a target price of Rs 178 per share. This implies a potential upside of 22.8% from the current market price of approximately Rs 145. The brokerage’s optimism stems from the company’s strong execution capabilities, dominant position in the thermal…
After delivering 10% returns in 2025, the Nifty’s outlook for 2026 looks more constructive, with the benchmark seen rising 13% to 29,731, according to Nilesh Jain, Head VP – Equity Research at Centrum Broking. Improving macro indicators, stronger Q2 GDP growth, benign inflation and an end to corporate earnings downgrades underpin the positive view, he…
Goldman Sachs has turned bullish on India’s defence manufacturing sector, naming PTC Industries, Bharat Electronics, and Solar Industries among its top picks, after the Defense Acquisition Council (DAC) cleared proposals worth Rs 790 billion this week, a move the brokerage said reinforces its belief in an increasing total addressable market (TAM) for domestic defense firms….
India’s capital goods sector remains well-positioned, driven by a confluence of strong macro enablers and sector-specific catalysts. A robust order book across key verticals such as defence, power transmission & distribution (T&D), renewables, and infrastructure is supporting steady execution visibility. This, coupled with government policy support and easing commodity prices, has created a favourable backdrop…
Indian frontline indices ended with strong gains on Monday reacting to the ceasefire between India and Pakistan on Saturday along with a tariff truce between the US and China where both countries agreed to significantly ease their tit-for-tat tariffs for a 90-day period. While the BSE Sensex surged 2975.43 points or 3.74% to close at…