Result Analysis

CEAT: Demand revival meets margin risks

Volume tailwinds build pace, but input cost pressures test margin durability

Post Q3FY26, margin recovery and broader profits to drive market strength

Large caps are showing relatively better breadth and valuation stability, while small caps face slower earnings momentum and multiple compression in Q3FY26.

Va Tech Wabag: Order strength and global mix positives for earnings

Continued international diversification, emerging sector participation, and disciplined execution could act as key rerating triggers

Can Hyundai regain lost ground?

Hyundai has outlined an ambitious product roadmap of 26 launches by FY30, including new nameplates, facelifts and derivatives

Coal India: Near-term challenges to persist

The outlook presents a mix of cyclical recovery and structural moderation

Hindalco Q3 FY26: Strong core performance offsets global headwinds

Consolidated financials reflect stable execution, margin expansion, and disciplined cost control

Bharat Forge: Defence is gearing up for a powerful strike

Bharat Forge is entering a structural transition phase, where defence and aerospace are evolving from optional growth levers to core earnings drivers, fundamentally reshaping the company’s medium-term trajectory

Ashok Leyland Q3 FY26: Strong volumes drive the show

Well positioned to further enhance its operational performance and expand market share within the industry

Twin engines propelling M&M’s growth

The company’s growth is driven by auto and farm equipment segments

Eicher Motors Q3 FY26: Volume momentum intact, margins revving up

Capacity expansion and exports to drive growth

Tata Steel: Will domestic resilience outweigh European pressure?

Sustained margin improvement in India, successful commissioning of new capacities, and a meaningful turnaround in Europe could create room for valuation re-rating

Cummins India: Margin resilient amid mixed demand backdrop

The company is optimistic about better growth going forward, aided by improving investment activity, supportive policies, and strong demand from emerging sectors such as data centres

Bharti Airtel Q3 FY26 – The quarter rings louder

A larger share of high-value customers, helped the company post robust growth

Tata Motors Passenger Vehicles: Domestic growth on fast track, JLR lags

Domestic momentum in Q3FY26 was offset by JLR disruptions, which weighed on near-term outlook

Tata Power: Will Mundra resolution unlock the next leg of rerating?

The company’s transition from a predominantly thermal-led utility to a diversified, clean-energy-focused integrated power player is becoming increasingly visible in its financial outcomes.

QSR stocks: Devyani up 9% despite wider Q3 loss; Westlife Foodworld jumps 11% post-Dec quarter results; here's why

Devyani International, which operates KFC and Pizza Hut outlets in India, saw its shares rally around 9% to a three-week high.

NTPC’s earnings hold firm as green capex accelerates

Aggressive capacity expansion, tariff protection under regulated frameworks, and a broadening footprint in renewables, pumped storage, battery storage and nuclear segment would gradually reshape the earnings profile

Power Grid: Charged to tap emerging T&D opportunities

The company’s performance reflects not just cyclical strength, but a structural tailwind from India’s long-term clean-energy ambitions, grid modernisation, and cross-border connectivity and opportunities in emerging segments like data centres and others

Bajaj Auto Q3 FY26: Exports take the lead

Robust export recovery, improving domestic demand, and strong product pipeline support outlook

Bajaj Auto stock outlook: Brokerages mostly positive post Q3, but flag valuation discomfort; should you buy?

Brokerages broadly agreed that Bajaj Auto’s operational momentum remains strong post Q3 results, which fuels medium-term confidence in the stock outlook. But views diverge on how much upside remains at current valuation levels.

Nestle India Q3 results get mixed brokerage reviews; should you buy or sell the stock? Check target prices

Brokerages were split on Nestle India Ltd after its Q3 FY26 results, with analysts balancing strong volume-led growth and aggressive brand investments against near-term margin pressure and expensive valuations. Nomura maintained a Buy with an upside target, CLSA and Jefferies retained Hold ratings.