At the moment, we advocate two shares, one from the IT sector and one other from the Vehicle sector, really helpful by the Commerce Brains Portal, to purchase for an upside potential of greater than 22%. The IT sector stands as a key pillar of India’s financial development, fuelled by growing adoption of synthetic intelligence, cloud modernisation initiatives, and the fast enlargement of International Functionality Centres (GCCs).
In the meantime, the Indian vehicle business stands as a key pillar of the financial system, considerably contributing to GDP development and job creation by means of its intensive manufacturing community and rising exports, notably in segments like tractors, two-wheelers, and three-wheelers. We additionally analysed the market’s efficiency on Friday to grasp what could lie forward for the inventory indices within the coming days.
- CMP: Rs 1,524
- Goal: Rs 1,870
- Upside: 22.7%
- Time-frame: 12 Months
To view the report for the inventory talked about above or discover different inventory suggestions, click on right here
Why it’s really helpful
HCLTech is a number one international expertise enterprise with over 226,640 professionals working throughout 60 international locations. The corporate offers superior options in digital transformation, engineering, cloud computing, and synthetic intelligence, supported by a broad vary of expertise providers and merchandise. It collaborates with shoppers throughout main industries, providing customised options for sectors together with Monetary Providers, Manufacturing, Life Sciences and Healthcare, Excessive Tech, Semiconductors, Telecom and Media, Retail and Client Packaged Items (CPG), and Public Providers.
In Q2 FY26, HCLTech reported a ten.7% year-on-year (YoY) enhance in income to Rs 31,942 crore, up from Rs 28,862 crore in Q2 FY25. EBIT grew 3.5% YoY to Rs 5,550 crore, in comparison with Rs 5,362 crore a 12 months earlier. Web revenue remained flat at Rs 4,235 crore, with a web revenue margin of 13.3%, representing a ten.2% quarter-on-quarter (QoQ) enhance and a secure YoY efficiency. The corporate declared a dividend of Rs 12 per share, whereas its Free Money Move-to-Web Revenue ratio stood at 125%. Complete Contract Worth (TCV) for brand new deal wins reached USD 2,569 million, reflecting a 41.8% QoQ and 15.8% YoY enhance.
Demand for HCLTech’s AI-driven options continued to strengthen, with AI-related income surpassing USD 100 million in Q2 FY26. The corporate additionally achieved new bookings exceeding USD 2.5 billion for the primary time, an accomplishment achieved with out reliance on mega offers. Administration emphasised lowering dependence on H-1B visas and boosting home hiring. The LTM attrition charge declined to 12.6%, in comparison with 12.9% in Q2 FY25.
For FY26, HCLTech expects total income development between 3.0% and 5.0% YoY, and providers income development between 4.0% and 5.0% YoY, each on a relentless foreign money foundation. The EBIT margin is projected to be inside 17.0%-18.0%. Just lately, the corporate partnered with GSMA, a world physique that unites the cell ecosystem, to drive telecom innovation by means of the GSMA Open Gateway initiative.
Threat Issue
HCLTech earns the vast majority of its income from worldwide shoppers and primarily receives funds in foreign exchange. Its consumer base primarily consists of firms situated within the US, Europe, and different international markets. Because the firm additionally operates supply groups throughout a number of international locations, a good portion of its bills is incurred in foreign exchange. Consequently, HCLTech is uncovered to the danger of financial losses arising from fluctuations in alternate charges.
- CMP: Rs 9,076
- Goal: Rs 10,600
- Upside: 16.8%
- Time-frame: 12 Months
To view the report for the inventory talked about above or discover different inventory suggestions, click on right here
Why it’s really helpful
Bajaj Auto, the flagship firm of the Bajaj Group, is a number one producer of two and three-wheelers with exports to greater than 79 international locations. It’s India’s second-largest bike producer, the highest two-wheeler exporter, and the world’s largest three-wheeler producer. Working from 5 manufacturing amenities with a mixed annual capability of seven.2 million models, Bajaj Auto was the primary in its section to cross a market capitalisation of Rs 2 trillion. The corporate has a various product portfolio, a powerful international presence, and ranks among the many high 5 gamers in India’s electrical two-wheeler market by means of its Chetak model.
In Q1 FY26, Bajaj Auto reported income from operations of Rs 13,133.35 crore, marking a ten% year-on-year development pushed by sturdy efficiency in exports, industrial autos, premium bikes, and electrical scooters. The corporate achieved double-digit development throughout Africa, Latin America, and Asia and expects export development of over 20% within the coming years.
EBITDA stood at Rs 3,301.92 crore, whereas PAT was Rs 2,210.44 crore. In the course of the quarter, Bajaj Auto bought 5,29,344 two-wheelers and 1,05,464 industrial autos within the home market. From July to September 2025, home gross sales totalled 596,576 models within the two-wheeler section and 144,217 models in industrial autos.
Q1 FY26 marked the eighth consecutive quarter the place industrial automobile gross sales exceeded 1,00,000 models, underscoring Bajaj Auto’s continued management within the electrical three-wheeler (3W EV) section. In FY25, the corporate held a 75.7% share of the interior combustion engine (ICE) three-wheeler market and a 52.4% share of the ICE three-wheeler items service section. In Q1 FY26, Bajaj Auto captured over 35% of the e-auto market. Below the PLI scheme, the corporate has pledged to take a position Rs 1,000 crore over 5 years, with a deliberate capex of Rs 600-700 crore in FY25-FY26, primarily allotted towards upkeep actions.
Threat Issue
The efficiency of the car business is intently tied to the nation’s total macroeconomic circumstances. Geopolitical elements, such because the tariffs imposed by the Trump administration, have the potential to disrupt provide chains and lift prices throughout the sector. Moreover, broader financial influences like international inflation, modifications in home demand and client behaviour, fluctuations in uncooked materials availability, and declining per capita earnings in a number of economies can weaken client buying energy and sluggish business development. The 2-wheeler market, specifically, stays intensely aggressive, with main gamers akin to Hero MotoCorp, Honda Bikes, Suzuki Motorbike, and TVS Motors often introducing new fashions to increase their market share.
Market Recap – October 24, 2025
On Friday, the Nifty 50 opened on a mildly optimistic word at 25,935.10, up 43.7 factors from its earlier shut of 25,891.40. Nevertheless, the index didn’t maintain early positive aspects and moved downward all through the session, hitting an intraday low of 25,718.20 earlier than closing at 25,795.15, down 96.25 factors (-0.37%). Regardless of the decline, the Nifty stayed above all main transferring averages (20/50/100/200-day EMAs), reflecting sturdy underlying technical help.
The BSE Sensex adopted an analogous trajectory, opening larger at 84,667.23 (up 110.83 factors from the earlier shut of 84,556.40) earlier than slipping under the 84,000 mark to a day’s low of 83,957.15. The index finally settled at 84,211.88, down 344.52 factors (-0.41%). Each benchmarks ended the week in unfavorable territory, with RSI values close to the overbought zone, 67.92 for Nifty 50 and 67.78 for Sensex. The Financial institution Nifty additionally closed decrease by 378.45 factors (-0.65%) at 57,699.60, weighed down by revenue reserving and uncertainty over the US-India commerce deal. Buyers additionally remained cautious forward of the US CPI knowledge launch later within the day.
Amongst sectoral indices, most ended within the pink aside from just a few gainers. The Nifty Steel Index was the highest performer, rising 1.03% (105.60 factors) to 10,347.45, pushed by sturdy positive aspects in Hindalco Industries, Hindustan Copper, Nationwide Aluminium, and Vedanta, which superior as much as 4.04%. The Nifty Oil & Fuel Index additionally added 0.20% (22.90 factors) to 11,624.05, led by ONGC, Petronet LNG, GAIL, and Oil India, all up about 1%. The Nifty Realty Index ended barely larger at 940.90 (+0.18%), supported by SignatureGlobal India (+3.97%), together with modest positive aspects in Oberoi Realty, Status Estates, and Godrej Properties (as much as 1.55%).
On the draw back, the Nifty Well being Index was the most important laggard, falling 0.83% (-123.80 factors) to 14,862.85. Cipla led the declines with a 3.69% drop, adopted by losses in Max Healthcare, Glenmark Pharma, and Apollo Hospitals (down as much as 2.22%). The Nifty Personal Financial institution Index slipped 0.81% (-231.85 factors) to twenty-eight,335.25, dragged by Kotak Mahindra Financial institution, HDFC Financial institution, Axis Financial institution, and IDFC First Financial institution, which fell as a lot as 1.73%. The Nifty FMCG Index additionally closed decrease by 0.75% (-424.35 factors) at 56,348.10.
Within the broader Asian markets, sentiment was largely optimistic. Japan’s Nikkei 225 rose 1.26% (+618.39 factors) to 49,260.00, Hong Kong’s Dangle Seng superior 0.78% (+203.02) to 26,171.00, China’s Shanghai Composite climbed 0.71% (+27.90) to three,950.31, and South Korea’s KOSPI surged 2.44% (+96.03) to three,941.59. As of 4:05 p.m. IST, U.S. Dow Jones Futures have been up 0.15% (+63.99 factors) at 46,801.59.
For the week, the broader indices posted modest positive aspects, with the Nifty 50 rising 85.30 factors (+0.33%) to shut close to the 25,800 mark at 25,795.15. In the course of the week, the index additionally reached a 52-week excessive of 26,104.20, briefly crossing above the 26,000 degree.
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