ELARA CAPITAL
Zepto’s $450 million funding could increase competition, cash burn in industry: analysts
Quick commerce platform Zepto closed a $450 million round in a mix of primary and secondary transactions on Thursday. Founder Adit Palicha told ET in an interview that the firm plans to invest the proceeds in growth, adding a “few hundred” dark stores, and focus on volume expansion over the next 12 months.
Lenskart's pre-IPO capital rush; Capgemini seals WNS deal
Lenskart is expected to close a pre-IPO fundraise ahead of its planned listing. This and more in today's ETtech Top 5.
After Rs 2 lakh crore selloff, FIIs are set for a comeback. Elara Capital lists 4 reasons
Elara Capital sees a potential FII turnaround in Indian equities, driven by under-ownership, narrowing valuation premiums, mid-cap resilience, GST cuts, and strong macro conditions, supporting gradual reallocation and domestic leadership.
Eternal shares slide 4% after 63% YoY dip in Q2 PAT but brokerages remain positive
Following a disappointing profit report, shares of the food delivery company Eternal fell sharply. In a surprising twist, however, their revenue soared significantly. Brokerage analysts are issuing mixed reactions with varying target price adjustments. On a promising note, Blinkit, their fast-commerce segment, is scaling up swiftly and is expected to hit breakeven shortly.
Trump tariffs: India's smart strategy could be working
US tariffs have impacted Indian exports, causing a sharp decline. However, India is actively diversifying its export markets and striking new trade deals. This strategy is showing positive results, with some sectors experiencing growth. While challenges remain, this situation presents an opportunity for India to build a more robust and balanced export portfolio for long-term prosperity.
India’s rise as a top economy hinges on channelising household savings into productive assets: Report
India's aspiration to become one of the largest and fastest-growing economies in the world depends on how effectively it channels household savings into productive assets, according to a report by Elara Securities.
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Nestle Q2 Preview: Profit to mark subdued growth as inflation weighs on margins
Nestle India anticipates a subdued September quarter. Trade destocking following GST rate cuts and higher raw material costs will likely impact profits. Sales are projected to see modest growth. However, analysts expect a demand revival from the next quarter as inventories are replenished. Nestle's long-term prospects remain strong with a focus on premium products and innovation.
Swiggy, Eternal to see margins improve in Q2FY26: Analysts
Indian online delivery firms Eternal and Swiggy could see profit margins improve slightly in the second quarter, analysts said, after at least a year of accelerating losses in their quick commerce arms due to higher costs.
ICICI Lombard shares zoom 6% after Q2 profit rises 18% YoY. Should you invest?
ICICI Lombard reported an 18% YoY rise in Q2 FY26 net profit to Rs 819 crore, despite a 1.9% decline in gross direct premium income to Rs 6,596 crore. The combined ratio was 105.1% (103.8% ex-CAT), solvency remained strong at 2.73x, and the board declared an interim dividend of Rs 6.5 per share. Brokerages maintain a positive outlook with Buy/Neutral ratings.
Metal producers may lose sheen at ferrous counter
Metal producers are set for a mixed September quarter. Ferrous companies anticipate weaker margins due to falling steel prices and rising raw material costs. Conversely, non-ferrous producers are expected to see stronger earnings, driven by a rebound in aluminium, zinc, and copper prices.
Axis Bank Q2 preview: Profit seen falling 19% YoY as margin and cost pressures persist
Axis Bank is expected to report a 19% YoY drop in Q2 PAT, pressured by margin compression, higher deposit costs, and elevated operating expenses. While loan growth remains steady, asset quality concerns and elevated credit costs could keep earnings subdued, with a gradual recovery anticipated.
TCS revenue to inch up, margins may shrink in Q2
TCS is poised to report a modest sequential revenue increase in dollar terms for the September quarter, following a prior decline. However, operating margins and net profit are anticipated to weaken due to lower employee utilization and the impact of partial salary hikes. Investors will be closely watching for insights into the deal pipeline and future outlook.
CarTrade shares more than double in 1 year. Elara sees 36% upside, here's why
CarTrade Tech surged nearly 8% to Rs 2,648.25, extending a 146% rally, after Elara Capital’s ‘buy’ call with a Rs 3,590 target and Norway’s wealth fund stake boosted investor sentiment.
Rs 3 lakh crore lollapalooza to hit India: What this means for consumer demand and stocks
India is set for a consumption boost of Rs 3 lakh crore. GST and income tax cuts, along with RBI's rate reductions, will fuel this surge. Experts predict a 'Lollapalooza effect' impacting consumption-linked sectors. Rural demand is recovering, and urban areas will benefit from tax cuts. Discretionary spending is expected to rise.
After Norges Bank stake purchase, Elara initiates a buy on CarTrade Tech, sees 50% upside post 160% 1-year rally
Elara Capital initiated coverage on CarTrade Tech with a Buy rating, targeting ₹3,590, implying 50% upside. The multibagger stock rallied 160% in a year, boosted by OLX India acquisition, asset-light model, and robust growth outlook.
RBI likely to wait on GDP upgrade amid tariff uncertainty, says Garima Kapoor
Elara Capital's Garima Kapoor anticipates a cautious approach from the RBI, awaiting clarity on the festive season's impact and tariff consequences despite a strong Q1 GDP. While expecting inflation to undershoot RBI projections, she acknowledges potential growth headwinds from trade disputes.
Q-comm run presses on as more jump on bandwagon
India's retail landscape is witnessing a quick commerce boom, with companies like Urban Company venturing into instant service delivery. Driven by evolving consumer expectations for immediate gratification, FMCG giants are also adapting with hyperlocal production and dedicated q-commerce teams.
Urban Company plans big bet on instant home services
Urban Company, following a successful IPO, is set to aggressively expand its instant service offerings, aiming to provide services like domestic help within minutes. This strategic shift, driven by the increasing demand for quick commerce in India, could create a competitive advantage.
US Fed set to cut rates by 25 bps today, Nifty bulls await FII U-turn
The US Federal Reserve is expected to cut rates. Markets anticipate this move. Investors are watching for clues about the US central bank's approach to a slowing labor market and inflation. Foreign institutional investor flows in India may depend on the policy signal from Washington. Nifty 50 closed positively.
India's gaming fans eye illegal sites after gambling ban
India’s ban on online gambling has shut down a billion-dollar industry, ending fantasy sports cash games and sponsorships like Dream11’s $43 million cricket deal. The law, aimed at curbing addiction, fraud, and money laundering, carries up to five years’ jail.
GST reforms set to reignite consumption growth, spur corporate profitability
India is set to implement new Goods and Services Tax reforms. These reforms aim to simplify tax structure and boost spending. Revised rates will take effect from September 22, 2025. Experts believe that the reforms will play a key role in addressing the demand challenges. Lower taxes on essential and processed goods will create savings for consumers and improve spending and consumption.
Rs 6 lakh crore boom in 1 month! How PM Modi's GST cuts shook the stock market
Prime Minister Narendra Modi's GST rationalization led to a Rs 6 lakh crore stock market rally. Auto and consumer durable stocks emerged as big winners. Small cars and two-wheelers now attract lower GST. Analysts predict a boost in consumption and economic growth. Companies anticipate increased sales volume, especially in economy segments. Experts see a potential 'Lollapalooza effect' on aggregate demand.
Asian Paints shares in focus as Court rejects plea to quash antitrust probe
Asian Paints share price: The Bombay High Court dismissed Asian Paints plea to quash a CCI probe into alleged market abuse. The investigation, triggered by rival Birla Opus, accuses Asian Paints of unfair dealer practices to stifle competition.
Court dismisses Asian Paints' plea against antitrust inquiry, sources say
Asian Paints faced a setback as an Indian court rejected its request. The company wanted to stop an antitrust investigation. The Competition Commission of India is probing Asian Paints. This probe follows a complaint from Birla Opus. Birla Opus alleges Asian Paints abused its market dominance. The court found no merit in Asian Paints' arguments.
From Rs 1 lakh to nearly Rs 3 crore: TVS Motor’s 27,852% rally has more steam left; here's why
TVS Motor Company's shares have surged since their 2000 listing, delivering impressive returns. Recent GST cuts on two-wheelers and the launch of the NTORQ 150 hyper sport scooter are expected to further boost the company's growth. Despite being in overbought zone, brokerages remain positive, citing strong sales figures and potential benefits from the GST reduction.
ETtech Explainer: Why food delivery, ecomm firms are hiking platform fees ahead of festive season
Swiggy, Zomato, and Myntra are increasing platform fees ahead of the festive season to offset rising operational costs and boost margins. Swiggy's fee is now Rs 15, while Zomato's is Rs 12. Myntra has increased its fee to Rs 25. These hikes are timed to coincide with peak spending periods, when customers are more likely to absorb the additional charges.
Swiggy hikes platform fee to Rs 15 in third revision in three weeks
This comes in the background of strong festive season demand and widening losses in the April-June quarter. The restaurant aggregator had raised its platform fee to Rs 14 per order from Rs 12 during Independence Day, which was later rolled back. Per the Swiggy app, the platform fee is inclusive of GST.
Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato has increased its platform fee to Rs 12, following Swiggy's hike to Rs 14 amidst rising festive season demand. Both companies are facing financial pressures due to investments in quick commerce, with Zomato reporting a profit drop and Swiggy incurring increased losses. They also face new competition from Rapido's Ownly, which offers lower commission rates to restaurants.
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