This JPMorgan EM Strategist does not like Indian IT, despite the lack of AI exposure; Here’s why

The Nifty IT index is still down 15% on a year-to-date basis, despite the stocks recovering 13-14% from the lows made in September this year.

The Nifty IT index is still down 15% on a year-to-date basis, despite the stocks recovering 13-14% from the lows made in September this year.

Karan Taurani of Elara Capital has an ‘Accumulate’ rating on PVR INOX with a target price of ₹1,225. He estimates FY26 EBITDA at around ₹850 crore (pre-Ind AS) and says a meaningful valuation upgrade will depend on sustained occupancy gains…

Gold rose to $4,311.64 per ounce, driven by a weak US dollar and Fed rate cut hopes, while silver neared all-time high on strong industrial demand and tight supplies, especially in India.

With the new order, Inox Wind said its total order inflow for the financial year 2026 stands at 600 MW, with an additional 2.5 giga watt (GW) of framework agreement to be executed over the next three years.

The Indian rupee hit a record low of 90.82 per dollar, pressured by NDF maturities, FPI outflows, and US tariffs. BSE Sensex and Nifty 50 slipped, while RBI intervened to limit losses.

Axis Bank has revised its outlook, saying NIMs are now expected to trough in either the fourth quarter or the first quarter of FY26, compared with its earlier guidance of the third quarter.

Of the 29 analysts that have coverage on Avenue Supermarts, eight have a “buy” rating, 12 have a “hold” rating and nine have a “sell” rating. The consensus estimates of price targets from analysts imply a potential upside of 10.6%…

Multiple facets of the bill from FDI, to the absence of composite license, will have implications across the listed insurance universe, and across product categories.

Zota Health Care will use the QIP proceeds for funding working capital needs, invest in subsidiaries, and for General Corporate Purposes.

Since signing the memorandum of understanding, Intellect Design Arena undertook a detailed review of market conditions in the UK. It said that the operating environment for small and medium enterprises changed materially following the UK Government’s Autumn Budget announced in…