Monday, September 07
Shares of LG Electronics India rose as much as 3.3% to Rs 1,678 on Wednesday after Morgan Stanley kicked off coverage with an overweight rating and a forward-leaning view that the company “stands out across many categories in a highly competitive consumer durables market with industry-leading margins and best-in-class capital efficiencies.”The brokerage set a target price of Rs 1,864, implying room for further gains in a stock that has already delivered a volatile, but resilient, post-listing run.Morgan Stanley’s initiation argued that the next leg of growth will be shaped by new manufacturing capacity and a rising contribution from exports and B2B operations. It expects revenues and margins to be supported by these shifts, even as it forecasts earnings to drop 9% year-on-year in FY2
Shares of information technology (IT) companies such as Infosys, TCS, HCL Tech, and Persistent Systems rose by up to 4%, driving the Nifty IT index up by 3%, as an anti-AI trade unfolds in global markets, indicating concerns about a bubble forming in AI stocks.In the afternoon, Infosys shares surged as much as 4% to their day's high of Rs 1,543 per share, while TCS shares climbed to 2% to their intraday high of Rs 3,150 per share. HCL Tech shares jumped over 4% to Rs 1,666 per share on the NSE. Persistent Systems also gained over 4% to its day high of Rs 6,330 per share.The growing AI bubble fears, analysts suggest, are beneficial for Indian equities as FPIs are likely to start buying in India if the present trend of AI trade fading sustains for some more time. “India’s outperformance
Adani Group has entered into a long-term strategic partnership with Bondada Engineering Limited to support the development of large-scale renewable energy infrastructure, the latter said in a statement to the exchanges on Wednesday.Bondada's statement revealed that it has signed a Framework Agreement with the Gautam Adani-led conglomerate to serve as a strategic design and construction partner for upcoming renewable energy projects. The agreement was formalised during a ceremony at Adani Corporate Office in Shantigram, Ahmedabad, on 18 November 2025, and was signed by Vineet Jain, Managing Director and CEO of Adani Green Energy Limited (AGEL), and Dr. Bondada Raghavendra Rao, Chairman and Managing Director of Bondada Engineering.As part of the first tranche under the five-year strategic fr
