Why Is IDBI Capital Cautious on Ador Welding Despite Improved Earnings?

The management expects margins to normalize, with the ONGC Uran Flares project nearing completion this quarter. FY27 earnings are likely to reflect an improved profitability mix from core business segments like infrastructure, shipbuilding, and defense. Ador is also expanding into Brazil and new overseas markets after a slowdown in the US.

IDBI’s analysts believe that Ador’s margin trajectory will remain stable as product diversification improves. Despite short-term challenges in exports, the long-term fundamentals remain sound with increasing capex visibility across heavy industries.

SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.

HFCL Ltd delivered a stable Q2FY26 performance despite marginal revenue softness, driven by strong defence and telecom initiatives. The company continues to pivot toward product-led growth, enhancing margin resilience and positioning itself for long-term gains.

Why Is HFCL Focusing on Defence and Data Centers for Its Next Growth Phase?

About HFCL Ltd

HFCL Ltd is a diversified telecom and defence technology company engaged in manufacturing optical fiber cables, telecom equipment, and defence electronics. With a strong presence in infrastructure and government projects, it continues to build expertise in next-generation connectivity and security solutions.

Key Business Highlights

For active traders tracking mid-cap tech infrastructure plays, HFCL’s evolving portfolio across telecom, defence, and export markets provides a balanced mix of growth and resilience.

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Strategic Outlook

Investor Takeaway

HFCL’s focus on defence and data centers is a strategic shift towards high-margin verticals. Despite muted topline growth, its robust order book and diversified revenue mix provide long-term visibility. The expansion in manufacturing and export markets underlines management’s confidence in the product-led transformation.

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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.

Why Did Polycab Deliver a Strong Beat in Q2 FY26 Earnings?

Operating performance remained the highlight of the quarter. EBITDA surged 62% YoY to ₹1,021 crore, while EBITDA margin expanded sharply by 415 basis points to 15.7% compared to 11.55% last year. This improvement reflects scale benefits, cost optimization, and better product mix.

Compared to consensus estimates, Polycab’s Q2 performance was a clear beat on most fronts. Net profit at ₹693 crore exceeded expectations of ₹651 crore, while EBITDA of ₹1,020 crore vs estimate of ₹915 crore demonstrated strong margin execution. Revenue was in line at ₹6,462 crore (vs estimate of ₹6,474 crore).

Management’s focus on increasing exports and expanding premium product offerings under the FMEG segment is also contributing to higher profitability. With strong demand visibility and cost discipline, Polycab appears on track to deliver sustainable double-digit growth through FY26–FY27.

Polycab’s Q2 performance reaffirms its leadership position in the cables and wires market. The strong margin profile, steady revenue growth, and above-consensus profit delivery indicate a solid operational framework and efficient execution strategy.

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Why Is Bajaj Auto Awaiting European Commission’s Nod For KTM Takeover?

Bajaj Auto’s management has confirmed to CNBCTV18 that it is waiting for a crucial approval from the European Commission regarding its proposed takeover of KTM. The company had announced this strategic investment back in May 2025, marking a major milestone in its long-standing partnership with the Austrian motorcycle brand.

The approval process by the European Commission is a mandatory step for large cross-border acquisitions, ensuring fair competition and compliance with antitrust laws. Bajaj Auto expects the final clearance to come through by November 2025, paving the way for greater integration and control within KTM’s operations.

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The move to acquire a higher stake in KTM aligns with Bajaj’s long-term vision to expand its premium motorcycle portfolio and enhance its footprint in the European market. KTM, known for its performance bikes and racing pedigree, has been a strategic partner for Bajaj since the early 2000s. Bajaj’s deep integration within KTM’s supply chain and R&D ecosystem is expected to accelerate post-approval.

Industry experts believe that the acquisition could strengthen Bajaj’s global competitiveness, especially in the high-end motorcycle segment. The approval would also allow the company to optimize production synergies, leverage advanced technologies, and expand exports across Europe and Asia. This move is seen as a major step toward positioning Bajaj Auto as a truly global brand in the two-wheeler industry.

At present, Bajaj Auto holds a significant minority stake in KTM and has been instrumental in driving product innovation and cost efficiency. The takeover would likely result in Bajaj gaining operational control, enabling a unified product and marketing strategy for its global offerings.

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The KTM deal is expected to reshape Bajaj Auto’s product strategy and improve access to advanced engine technologies. Analysts anticipate a positive impact on margins and product differentiation in the premium category, especially as European regulatory standards tighten.

Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that the European Commission’s approval could unlock significant value for Bajaj Auto shareholders, enhancing its long-term growth outlook and reinforcing its position in the global premium two-wheeler segment. Investors should monitor regulatory progress closely over the next few weeks.

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What Is Motilal Oswal’s Outlook on Gold and Precious Metals Amid Rising Prices?

According to the fund manager, the recent uptrend in gold prices not only enhances the value of underlying collateral for gold-loan companies but also improves overall portfolio quality. As higher loan-to-value (LTV) ratios become feasible, lenders can expand lending volumes on the same physical gold base, improving spreads and returns.

The fund manager also noted that MCX (Multi Commodity Exchange) is likely to benefit from rising gold and silver trading volumes. Higher volatility typically results in stronger participation from both hedgers and speculators, thereby improving exchange earnings and transaction fee growth.

Analysts at Motilal Oswal believe that structural demand for precious metals is set to remain strong, driven by global inflationary trends, central bank gold purchases, and diversification strategies among institutional investors. Indian consumption, festival demand, and jewelry exports are likely to offer steady tailwinds over the medium term.

As global monetary uncertainty continues, the role of gold as a hedge against currency depreciation and inflation remains vital. Domestic jewelers, financiers, and exchanges are set to benefit from sustained investor appetite, positioning India as a long-term hub for precious metal investments.

SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.

Rashtriya Chemicals and Fertilizers Limited (RCF) Technical Analysis — Horizontal Channel, Double Bottom, Resistance at 149, Support at 144, Technically Positive Medium Term

What Makes Rashtriya Chemicals and Fertilizers Look Technically Positive Again?

A horizontal channel typically represents market indecision, but it also serves as a powerful setup before a breakout. A confirmed upward breakout from this range could lead to renewed bullish momentum in RCF, with increased investor participation.

Technically, RCF has completed a double bottom formation — a pattern often associated with the end of a downtrend. A decisive breakout above ₹149 is expected to trigger a move toward ₹154 or higher, while strong support lies near ₹144, offering a favorable risk-reward setup.

The medium-term chart setup remains encouraging as long as RCF sustains above ₹144. Resistance is observed near ₹162, and any breakout above this level may lead to a sustained uptrend in the upcoming months.

Positive volume balance continues to favor the bulls, implying renewed investor confidence. As long as RCF stays above ₹144 and maintains higher volume on rising sessions, the outlook remains technically constructive.

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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.