jefferies

Adani Power’s market value currently stands at nearly Rs 4.85 lakh crore, higher than Infosys, whose market capitalization is around Rs 4.72 lakh crore. Following the latest reshuffle, Adani Power has emerged as India’s 11th most valuable listed company.

Goldman Sachs maintains a neutral stance on ITC, anticipating cigarette tax impacts. Citigroup is bullish on LIC, citing strong operational performance and margin expansion. jefferies raises its target for Nykaa, impressed by robust growth and improving margins. CLSA sees significant potential in Honasa, with strong revenue and margin growth. Morgan Stanley remains overweight on LG Electronics India, despite margin pressures.

jefferies raised Bharti Airtel's target price to Rs 2,350 on strong Q4FY26 performance, while JP Morgan upgraded Cipla to overweight citing improved earnings visibility and attractive valuations. Morgan Stanley maintained an underweight rating on Dixon Technologies due to revenue and EBITDA misses, and HDFC Securities upgraded Hyundai Motor India to add, noting management's renewed focus on domestic growth and exports.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Prime Minister Narendra Modi's call to reduce gold purchases is impacting wedding plans across India. Families are reconsidering traditional gold buying habits due to economic pressures. This appeal arrives as millions of weddings are planned annually, a significant cultural and economic event. The decision to pause gold purchases presents a challenge between tradition and economic responsibility for many.

Kotak Securities maintains an add rating on PNB with a revised target of Rs 125, citing steady profitability despite weaker core earnings than peers. jefferies reiterates a buy on Marico, raising its target to Rs 960, with management confident in strong EBITDA growth.

Morgan Stanley maintained an equal-weight rating on Dr Reddy’s Labs, citing missed Q4FY26 estimates and a slight delay in Semaglutide ramp-up. Kotak Institutional Equities recommended buying Dixon Technologies, driven by strong consumer electronics performance. Citigroup reiterated its buy on Max Financial, highlighting margin improvements and sustained growth. Macquarie rated Berger Paints underperform, despite a constructive outlook.

A routine construction project in Snowmass Village, Colorado, uncovered a remarkable Ice Age fossil site. The discovery of a juvenile Columbian mammoth tusk marked the beginning of the Snowmastodon story. This high-altitude location revealed a thriving ecosystem with numerous ancient animal remains. The site offers crucial data for understanding past climate change and extinct species.

Analysts are bullish on Bajaj Finance, IIFL Finance, and Navin Fluorine, citing strong quarterly results and positive future outlooks. Federal Bank is seen as fairly valued, while Waaree Engineering's revenue beat expectations despite margin concerns. Investors are watching these key companies closely.

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.

Panic erupted at the White House Correspondents' Dinner as gunshots were heard, forcing President Trump and Vice President Vance to be swiftly evacuated. Secret Service agents secured the venue, apprehending a suspect. Despite the scare, Trump praised security and declared "the show must go on." The incident caused widespread confusion and a massive security response.

Sun Pharmaceutical Industries Ltd has agreed to acquire US-based Organon & Co for $11.75 billion in an all-cash deal. This significant outbound acquisition is expected to close in early 2027, strengthening Sun Pharma's global presence in women's health and biosimilars.

A major security incident disrupted the White House Correspondents' Association dinner, forcing the evacuation of President Trump and other top officials. Witnesses reported hearing five to eight gunshots, and a shooter was confirmed by law enforcement, though details remain unclear. No injuries were immediately reported among the hundreds of guests.

Former Chicago Bears and Philadelphia Eagles star wide receiver Alshon Jeffery was recently arrested for insurance fraud, for allegedly hiding financial information. The Super Bowl champion, who played nine NFL seasons, was booked in jail and later released. California law defines insurance fraud as a felony, potentially carrying five years in prison and/or fine. Details of the alleged fraud remain scarce. He is one of the Greatest Bears of All Time. He won a Super Bowl in 2018 after defeating Tom Brady and Bill Belichick’s team, the New England Patriots.

Brokerage views on Infosys remain mixed, with analysts balancing near-term challenges against the company’s long-term positioning. They have expressed a measured outlook on Infosys.

The 2026 NFL Draft in Pittsburgh will feature a diverse group of former stars and active players announcing first-round picks. Every team has a representative, blending legacy names with current figures. The Steelers lead with four announcers due to the host city advantage. With 257 players set to be drafted over three days, the event highlights both the league’s future and its deep-rooted history, while offering wide broadcast and streaming access for fans.

Gold is experiencing a healthy consolidation after a retail-driven buying spree, particularly in India, China, and the US, according to jefferies. While demand has cooled, evidenced by a sharp drop in Indian gold imports, the mining sector shows robust fundamentals. Companies are prioritizing shareholder returns over expansion, with strong cash flows expected, suggesting continued sector support.

The fall in HCL Technologies’ stock price wiped out around Rs 38,000 crore in market value and brought its total market capitalisation down to about Rs 3,53,000 crore.

Technology stocks bore the brunt of the selling. Shares of Infosys, HCLTech, Tech Mahindra and Tata Consultancy Services fell between 2 per cent and 4 per cent after Infosys’ fourth-quarter results failed to meet market expectations.

Analysts are bullish on Adani Enterprises, HAL, and Trent, citing growth drivers like new energy and engine co-production. Aurobindo Pharma's biologics expansion shows promise but financial gains are distant. Aditya Birla Capital's housing finance arm impresses with strong loan growth and improved asset quality, despite minor revenue misses.

The Detroit Lions are exploring ways to strengthen their defensive line around Aidan Hutchinson, with Jeffery Simmons emerging as a potential trade target. Simmons’ elite interior presence could transform Detroit’s pass rush, but the cost of draft capital raises valid concerns. With a Super Bowl window open, the Lions must weigh immediate impact against long-term flexibility in deciding whether to pursue a blockbuster move.

Global equity strategist Christopher Wood notes Pakistan's recent stock surge is an IMF-driven rebound, not a structural shift. He views Pakistan as a high-beta trading opportunity tied to bailout cycles, contrasting it with India's stronger long-term investment potential due to its robust fundamentals and consistent earnings.

The sudden nature of the measures and tighter controls risk creating an impression that India may be stepping back from its efforts to deepen integration with global financial markets.

Bharti Airtel is boosting its data centre investments, while Jubilant Foodworks exits Dunkin' to focus on Domino's. Indigo appoints a new CEO with extensive aviation experience. Nephrocare Health Services shows strong growth potential in dialysis services. RateGain Travel stands out with its unique travel-tech solutions and AI resilience.

Analysts have adjusted targets for several companies, with UBS neutral on Cipla citing supply headwinds despite a healthy pipeline. Motilal Oswal initiated coverage on Bajaj Finserv with a neutral rating, highlighting its strong customer base and predictable earnings. jefferies is bullish on LG India, anticipating price hikes due to rising costs and a weak rupee.

India's IT stocks are facing an eighth consecutive week of losses, wiping out significant market value and sparking debate. While some fear AI's disruptive impact, others see a buying opportunity amid historical rebounds. Foreign investors have exited, but a domestic fund is increasing its IT holdings, betting on a recovery.

US advisory firm jefferies Financial Group Inc is looking to hire around 10 investment bankers in India to strengthen its operations in the country. The positions will range from associate to managing director and will focus on sectors such as infrastructure and industrials. jefferies has been expanding its presence in Asia Pacific and is among the banks that have recruited from Credit Suisse's talent pool.