< -5%

Aban Offshore

HINDPETRO

-5% to -3%

Chennai Petro

Continent Petro

Reliance

Gujarat Natural

Petronet LNG

MRPL

BPCL

Resgen

Gandhar Oil

Veedol Corp

IRM Energy

-3% to 0%

ANTELOPUS

HOEC

Jindal Drilling

Oil India

Deep Ind

Prabha Energy

Asian Energy

ONGC

Dolphin Offshor

PRABHAPP

0% to 3%

3% to 5%

HDFC Securities gives Vishal Mega Mart a Buy rating, 14% upside., Target price set at Rs 130 per share, shares closed at Rs 114.59., Tier-II cities grow strongly, but supply overhang risk persists.

* HDFC Securities gives Vishal Mega Mart a Buy rating, 14% upside.
* Target price set at Rs 130 per share, shares closed at Rs 114.59.
* Tier-II cities grow strongly, but supply overhang risk persists.

HDFC Securities initiated coverage on Vishal Mega Mart with a 'Buy' rating and a target price of Rs 130, citing strong growth prospects, value pricing, and expansion in smaller cities, but noted risks from potential private equity stake sales.

shorts/business/hdfc-securities-initiates-coverage-on-vishal-mega-mart-with-buy-rating-sees-up-to-14-upside

HDFC Securities has initiated coverage on Vishal Mega Mart with a 'Buy' rating, citing an upside potential of about 14 percent.

Shares of Vishal Mega Mart settled marginally higher at Rs 114.59 per share on the National Stock Exchange on Monday. The brokerage has set a target price of Rs 130 per share.

In a note, HDFC Securities said the Indian value retail segment remains polarised, with apparel players facing inconsistent footfalls and grocery retailers dealing with structural margin pressures.

The brokerage said Vishal Mega Mart combines elements of both segments while limiting their weaknesses. Its diversified mix — apparel contributing about 44 percent, FMCG 28 percent and general merchandise 28 percent in FY25 — helps drive footfalls through high-frequency FMCG sales, while enabling cross-selling into higher-margin categories.

It added that the company’s value pricing strategy, supported by a private label ecosystem contributing around 75 percent of revenue in the first nine months of FY26, is focused on value-conscious consumers in tier-II and smaller cities, which account for nearly 74 percent of its business.

The brokerage projects revenue and EBITDA to grow at a compound annual rate of about 18 percent and 21 percent, respectively, over FY26–28. Profit after tax is seen growing at around 26 percent CAGR, with return on invested capital rising to about 18 percent by FY28.

HDFC Securities described Vishal Mega Mart as the lowest-cost retailer among its peers and highlighted its strong presence in tier-II and smaller cities, along with a significant store expansion opportunity.

However, it noted that with promoters holding around 40 percent stake, there remains a risk of supply overhang from potential private equity stake sales in the medium term.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

HDFC Securities initiates coverage on Vishal Mega Mart with 'Buy' rating, sees up to 14% upside

Acme Solar shares rose nearly 6 percent after HSBC's "buy" rating., HSBC expects Acme Solar's EBITDA CAGR of 72% over FY26–FY28., Acme Solar's capacity set to rise 2.7 times in next 2–3 years.

* Acme Solar shares rose nearly 6 percent after HSBC's "buy" rating.
* HSBC expects Acme Solar's EBITDA CAGR of 72% over FY26–FY28.
* Acme Solar's capacity set to rise 2.7 times in next 2–3 years.

Acme Solar shares jumped nearly 6% after HSBC initiated coverage with a "buy" rating and a Rs 350 target, citing strong growth prospects, improved working capital, and transition to firm renewable projects. Clean Max shares also rose after HSBC's "buy" call.

shorts/business/acme-solar-shares-rise-up-to-6-as-hsbc-initiates-coverage-with-buy-rating

Acme Solar shares rose nearly 6 percent on Monday, defying the broader market weakness, after HSBC initiated coverage on the renewable energy company with a &quot;buy&quot; rating.

The stock settled higher after hitting an intraday high of Rs 289.15 per share on the NSE, up 7.63 percent. The gain comes after four consecutive sessions of decline.

HSBC initiated coverage with a target price of Rs 350, and said it expects EBITDA to grow at a compound annual growth rate (CAGR) of 72 percent over FY26–FY28.

According to the brokerage, ACME Solar Holdings is a fast-growing renewable energy independent power producer with fully integrated operations across engineering, procurement and construction, as well as operations and maintenance.

The company currently operates around 3 GW of generation capacity. Its projects are expected to increase overall capacity by about 2.7 times over the next two to three years. It also has an additional 1.8 GW of awarded projects awaiting conversion into power purchase agreements.

HSBC said the company is transitioning from a pure-play solar provider to firm and dispatchable renewable energy projects, which combine solar, wind and battery storage.

The brokerage noted that earnings visibility remains strong, with 84 percent of the contracted portfolio tied to 25-year fixed tariff power purchase agreements backed by central government agencies.

It added that the company is well placed to benefit from early adoption of battery energy storage systems and firm and dispatchable renewable energy projects.

Working capital improved to 23 days from 93 days in FY24, driven by a decline in receivables, strengthening confidence in its balance sheet, the brokerage said.

HSBC highlighted key risks including high leverage due to an 80:20 debt-equity financing structure, potential rise in equipment and borrowing costs, delays in commissioning of projects, and lower-than-expected generation.

Meanwhile, HSBC also initiated coverage on Clean Max with a &quot;buy&quot; rating. Shares of the company settled 3.28 percent higher at Rs 890 per share on the NSE.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Acme Solar shares rise up to 6% as HSBC initiates coverage with 'Buy' rating

Swiggy shares fell 4.42 percent amid West Asia tensions., Co-founder Nandan Reddy stepped down as director at Swiggy., Restaurant stocks declined due to rising fuel and LPG costs.

* Swiggy shares fell 4.42 percent amid West Asia tensions.
* Co-founder Nandan Reddy stepped down as director at Swiggy.
* Restaurant stocks declined due to rising fuel and LPG costs.

Shares of Swiggy and other food delivery and restaurant firms fell amid West Asia tensions and Strait of Hormuz uncertainty, raising crude prices and logistics costs. Swiggy also saw leadership changes, with co-founder Nandan Reddy stepping down as director.

shorts/business/eternal-swiggy-devyani-international-shares-decline-up-to-4-here-s-why

Shares of food delivery and restaurant firms declined in Monday’s trade, with Swiggy falling the most among the pack.

Swiggy shares dropped 4.42 percent to an intraday low of Rs 262.85 per share on the NSE. The stock had opened lower by 3.2 percent.

The decline came amid renewed tensions in West Asia and uncertainty over the opening of the Strait of Hormuz following inconclusive Iran-US peace talks, which led to a surge in crude oil prices. Higher fuel costs can raise logistics and delivery expenses, while elevated input costs for restaurants may weigh on margins, impacting related stocks.

The fall also follows the company’s announcement on Friday that co-founder Nandan Reddy has stepped down as whole-time director and head of innovation. The company said he will relinquish his board position to pursue other professional interests.

Swiggy said its board has approved the appointment of Renan De Castro Alves Pinto as nominee director, succeeding Roger Rabalais, representing Prosus Ventures. It also approved the appointment of co-founder and chief growth officer Phani Addepalli and group chief financial officer Rahul Bothra as additional directors with effect from June 1.

&quot;Nandan has been a vital collaborator and a visionary force throughout Swiggy’s evolution — from our beginnings in a single Bengaluru neighbourhood to becoming a nationwide platform serving millions,&quot; Swiggy Group Chief Executive Officer Sriharsha Majety said. &quot;While his daily presence will be missed, I look forward to the impact of his future endeavours.&quot;

Meanwhile, shares of Eternal declined 2.37 percent to Rs 234.53 apiece on the NSE after opening 2.18 percent lower.

Quick service restaurant and franchise operators also traded in the red. Devyani International and Jubilant FoodWorks fell 1.59 percent and 1.36 percent, respectively, while Westlife Foodworld declined up to 2 percent. Restaurant Brands Asia also saw losses.

The ongoing conflict in West Asia has triggered a shortage of liquefied petroleum gas (LPG) in India, following disruption in the Strait of Hormuz, a key maritime route through which a large share of the country’s LPG imports pass.

Any disruption in LPG supplies could affect operations of a majority of restaurants, as most rely on it as their primary cooking fuel.

According to the US Central Command, the blockade would be enforced against vessels entering or departing Iranian ports and coastal areas, while ships travelling between non-Iranian ports would be allowed to transit through the Strait of Hormuz.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Eternal, Swiggy, Devyani International shares decline up to 4%; here's why

Home appliance stocks climbed as oil surpassed $100 a barrel., Bajaj Electricals, Butterfly, Stove Kraft rose up to 3%., TTK Prestige, Hawkins fall even as sector advances.

* Home appliance stocks climbed as oil surpassed $100 a barrel.
* Bajaj Electricals, Butterfly, Stove Kraft rose up to 3%.
* TTK Prestige, Hawkins fall even as sector advances.

Shares of household appliance firms rose up to 3% as demand for induction cooktops and electric kettles increased, driven by crude oil prices surpassing $100 amid geopolitical tensions and US plans to blockade Iranian ports, disrupting oil shipping routes.

shorts/business/bajaj-electricals-other-domestic-appliances-firms-shares-rise-up-to-2-5-as-crude-reclaims-100

Shares of household appliances companies rose by up to 2.5 percent on Monday, tracking a pick-up in demand for induction cooktops and electric kettles as crude oil prices reclaimed the $100 mark.

Bajaj Electricals shares rose over 2 percent to Rs 375.50 per share on the NSE.

Butterfly Gandhimathi Appliances, backed by Crompton Greaves Consumer Electricals, gained up to 1 percent on the exchange.

Stove Kraft advanced 3 percent. Meanwhile, TTK Prestige and Hawkins Cookers declined 0.82 percent and 0.72 percent, respectively.

The rise in these stocks comes as oil prices resumed their upward trend amid geopolitical tensions. Cooking gas (LPG) prices are closely linked to crude oil. When crude rises, LPG cylinders become more expensive. As gas cooking gets costlier, consumers look for cheaper or more predictable options like induction cooktops and electric kettles, which run on electricity.

The US military is preparing to blockade ships entering or leaving the Strait of Hormuz, where shipping activity has been largely stalled by Iran since the start of the war.

US President Donald Trump announced the planned blockade after ceasefire talks between the US and Iran in Pakistan ended without an agreement. The US military said the blockade involving all Iranian ports would begin on Monday.

Oil prices have been rising as shipping through the strait has remained disrupted since late February. Brent crude, the international benchmark, has surged from about $70 per barrel before the war to over $119 at times.

On Monday, benchmark US crude jumped $8.38, or 8.7 percent, to $104.95 a barrel. Brent crude rose $7, or 7.4 percent, to $102.23 a barrel.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Bajaj Electricals, other domestic appliances firms' shares rise up to 2.5% as crude reclaims $100; here's why

Banking shares fell as Bank Nifty dropped over 2 percent., PSU banks led losses, falling up to 4 percent., State Bank of India was the top laggard, down 2.5 percent.

* Banking shares fell as Bank Nifty dropped over 2 percent.
* PSU banks led losses, falling up to 4 percent.
* State Bank of India was the top laggard, down 2.5 percent.

Banking shares fell sharply Monday, with Bank Nifty dropping over 2% amid inflation fears from high crude prices. PSU banks led losses, falling up to 4%. SBI, HDFC Bank, and IndusInd Bank were major laggards. Support levels are seen at 54,300 and 53,000.

shorts/business/bank-nifty-crashes-up-to-2-5-as-crude-surges-above-100-psu-banks-lead-losses-what-lies-ahead

Banking and financial shares declined on Monday, dragging the Bank Nifty index down over 2 percent intraday, as elevated crude oil prices raised concerns over inflation and the possibility of tighter monetary policy. The Nifty bank recovered as the session progressed and setttled at 55,605.05, down 0.55 percent.

PSU banks led the losses, falling up to 4 percent.

The Nifty Bank index underperformed the benchmarks, dropping about 2.8 percent intraday. It fell 1,556.55 points to hit a low of 54,356.20, making it among the worst-performing sectoral indices during the session.

The Nifty PSU Bank index declined 2.24 percent, while the Nifty Private Bank index fell 1.37 percent.

Among individual stocks, State Bank of India was the top laggard on the Bank Nifty index, declining up to 2.5 percent.

HDFC Bank and IndusInd Bank also fell up to 2.47 percent and 1.85 percent, respectively.

In the PSU banking space, Union Bank of India, Bank of India, Bank of Maharashtra and Punjab National Bank declined up to 4 percent.

In the private banking pack, HDFC Bank, Axis Bank and Kotak Mahindra Bank were among the major laggards, falling up to 2.5 percent.

Commenting on the outlook, Sudeep Shah - Head of Technical and Derivatives Research at SBI Securities, said the banking benchmark index, Bank Nifty, opened with a gap down but found support near its 20-day EMA. From the day’s low, the index staged a sharp rebound of nearly 1250 points and eventually settled above the 55600 mark, ending the session with a loss of 0.55%.

Looking ahead, the 55900–56000 zone is expected to act as a key resistance area. A sustained move above 56000 could extend the pullback rally towards 56500, followed by 57200 in the short term. On the downside, the 55100–55000 zone will remain a crucial support for the index.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Oil & Gas Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Oil & Gas sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q4 FY25-26

Stock News

HDFC Securities initiates coverage on Vishal Mega Mart with 'Buy' rating, sees up to 14% upside

Acme Solar shares rise up to 6% as HSBC initiates coverage with 'Buy' rating

Eternal, Swiggy, Devyani International shares decline up to 4%; here's why

Bajaj Electricals, other domestic appliances firms' shares rise up to 2.5% as crude reclaims $100; here's why

Bank Nifty declines up to 0.5% as crude surges above $100; PSU banks lead losses: What lies ahead?

Oil & Gas Sector StocksCheck latest stock performance, list of stocks, earnings review & more details about the Oil & Gas sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q4 FY25-26

Stock News

HDFC Securities initiates coverage on Vishal Mega Mart with 'Buy' rating, sees up to 14% upside

Acme Solar shares rise up to 6% as HSBC initiates coverage with 'Buy' rating

Eternal, Swiggy, Devyani International shares decline up to 4%; here's why

Bajaj Electricals, other domestic appliances firms' shares rise up to 2.5% as crude reclaims $100; here's why

Bank Nifty declines up to 0.5% as crude surges above $100; PSU banks lead losses: What lies ahead?

Oil & Gas Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Oil & Gas sector stocks.