SMART STOCKS NEWS

Max Healthcare’s 800% rally hits a wall: Is a 74x P/E ratio sustainable in 2026?Subscriber Only

January 7, 2026 14:20 IST

In 2025, Max Healthcare’s share price plateaued after an 800% rally as the company’s ROCE and EBITDA margins fell with new capacity addition. At a 74x P/E ratio, is there more upside for the stock in 2026?

Over the past year, IEX's stock has dropped 43% from its peak.

80% market share, 80% EBITDA margins: Is IEX’s monopoly cracking?Subscriber Only

January 7, 2026 14:26 IST

IEX faces a binary future as a regulatory overhaul looms. Retail investors are exiting, while domestic institutions are doubling down — betting that 80% margins and market growth can withstand tighter price caps.

Triveni operates across sugar and ethanol, water treatment plants, and precision gearboxes

Triveni’s restructuring: Unlocking value or rearranging the pieces?Subscriber Only

December 26, 2025 06:30 IST

Triveni’s shareholders have approved a restructuring plan that will separate its high-margin power transmission business from its cyclical sugar and ethanol operations. The move aims to resolve a long-standing valuation mismatch, but whether it delivers meaningful upside depends on execution and market timing.

Is high debt blocking Rain Industries’ third boom-cycle rally?Subscriber Only

December 2, 2025 08:02 IST

Despite stronger aluminium prices and improving operations, Rain Industries' stock has lagged amid high debt and rising interest costs. With deleveraging underway, a major cement expansion planned, and valuations at multi-year lows, the question remains: can Rain spark another cycle of optimism, or is this time truly different?

At 21x P/E, is Lupin an undervalued pharma giant poised for the next growth cycle?Subscriber Only

November 25, 2025 06:30 IST

Lupin stocks have been range-bound throughout 2025 after two years of a strong rally. Record earnings and USFDA approvals couldn’t move the stock much. Has the cyclical upside ended? Where is Lupin looking for new growth?

5% revenue growth, 63x earnings: Is Havells’ premium valuation justified?Subscriber Only

November 21, 2025 06:56 IST

Despite solid performance in cables and steady growth in core categories, Havells’ Q2 was weighed down by a sharp slowdown in Lloyd, margin compression, and ongoing capital intensity. With Rs 3,000 crore invested in Lloyd and market share largely unchanged, the question is: is this valuation justified?

CEAT’s big bet on premium and global markets: Opportunity or overreach?Subscriber Only

November 18, 2025 07:32 IST

In Q2 FY26, CEAT delivered double-digit revenue growth, nearly 41 per cent gross margins, and more than 13 per cent EBITDA margin. Softer input costs, a rebound in OEM and export demand, and a premium product mix lifted performance, while the Camso acquisition signalled a bold global ambition. Yet, higher leverage and exposure to volatile global cycles raise a question: can CEAT sustain its new rhythm when costs rise and competition intensifies?

Inside HAL’s 37x P/E: Decoding the defence giant’s valuation premiumSubscriber Only

November 15, 2025 09:54 IST

HAL has benefited significantly from India’s defence indigenisation push, but the stock’s rally has moderated despite fresh defence orders and civil aviation MoUs. Still, analysts remain bullish, citing strong order visibility and long-term growth drivers.

Azad Engineering's customer base consists of global giants such as GE Vernova, Mitsubishi Heavy Industries, and Siemens Energy, which collectively control about 75% of the global land-based turbine market. (Credit: azad.in)

Azad Engineering: Rolls-Royce and Boeing’s go-to Indian supplier — But is it overvalued?Subscriber Only

November 4, 2025 06:30 IST

Azad Engineering, a key supplier of precision engine parts for giants like Boeing and Rolls-Royce, boasts a massive Rs 6,000 crore order book. But with its stock trading at a 100x+ P/E, can it justify the sky-high valuation?

Losses reported by Air India Express in FY25 was Rs 5,678 crore, up from Rs 1,357 crore a year ago. (File Photo)

Air India Express losses rise: Is Air India’s 2027 profitability target now in turbulence?Subscriber Only

November 1, 2025 09:00 IST

Air India Express’ losses ballooned fourfold while IndiGo’s profits fell 11% in FY25. Delays in new aircraft deliveries, rupee depreciation, closure of Pakistan and Middle East border, are hurting the bottomline of airlines. Will Tata’s ambition to turn Air India profitable fructify?

The banking sector’s structural weakness was exposed during the 2015-22 NPA crisis.

Why Axis Bank could be the next value play on the Indian stock marketSubscriber Only

October 27, 2025 14:50 IST

Axis Bank stock is nearing its 52-week high as the Q2 FY26 earnings hint recovery. Its 5-year-long restructuring has helped it clean up its balance sheet and improve asset quality. Is the bank set to turn a new leaf next year?

The GOI support came through the conversion of debt into equity, and after the latest conversion in April 2025, the government has emerged as Vi’s largest shareholder with a 49% stake.

Vodafone Idea’s stock trades sideways: Can govt backing trigger a re-rating?Subscriber Only

October 15, 2025 14:55 IST

Vodafone Idea, now 49% owned by the Indian government, is making operational progress through network upgrades but still faces a Rs 76,000 crore AGR liability. The company’s long-term survival may depend on a potential government waiver.

At its heart, Mahindra Holidays runs on a simple idea: sell family vacations as long-term memberships.

Occupancy at 85%, profits up 69%: Can Mahindra Holidays keep the momentum?Subscriber Only

October 11, 2025 19:19 IST

Mahindra Holidays’ June quarter was a paradox of strength and slowdown. Occupancies stayed high at 85%, profits surged 70% YoY, and cash hit a record Rs 1,576 crore — yet new memberships halved and sales fell 30%. With margins at a record 39%, the company is pivoting to fewer, higher-value customers and an asset-light model. Investors are now watching whether Mahindra Holidays can turn full resorts and fat margins into sustainable, long-term growth.

65% rally in 6 months: Is Sammaan Capital rising from the ashes?Subscriber Only

October 10, 2025 10:40 IST

A multibagger housing finance stock in 2016-17, it lost 90% value between 2018 and 2022. Learning from past mistakes and rebranding itself as Sammaan Capital, the firm is making a fresh start with private equity funding. Is this the beginning of a turnaround?

Rs 5,000 crore cash, 60x P/E: Can ABB India’s premium valuation hold as growth moderates?Subscriber Only

October 8, 2025 06:30 IST

ABB India’s stock trades at 60x earnings and sits on over Rs 5,000 crore in cash, backed by a Rs 10,000 crore order backlog. But with margins narrowing and order inflows slowing, investors face a key question: can ABB’s premium valuation hold?

With a single move, India Cements transformed from a sector laggard into one of the cement industry’s most promising turnaround stories.

Debt down 55%, EBITDA positive: Is the India Cements run sustainable?Subscriber Only

October 6, 2025 11:23 IST

UltraTech’s takeover of India Cements is driving a rapid transformation. Debt is down 55%, and Q1 FY26 EBITDA has turned positive. A Rs 1,500 crore green power capex aims to push EBITDA to Rs 1,000 per tonne by FY28. The question now: can the turnaround withstand market volatility?

Ventive at 150x earnings: Is this luxury hotel stock too rich for retail investors?Subscriber Only

October 4, 2025 19:32 IST

In Q1 FY26, Ventive reported Rs 520 crore in revenue, up 18 percent year on year. Of this, hotels brought in Rs 386 crore while the rental business added Rs 124 crore. The real highlight was operating profit: EBITDA was Rs 220 crore, with margins at 42 percent. The question now is whether this premium pricing in the market reflects a business already delivering, or one that still needs to prove it can scale without losing its shine.

45x earnings, 20 quarters of growth: Can Happiest Minds keep delivering?Subscriber Only

October 3, 2025 07:03 IST

In Q1 FY26, Happiest Minds Technologies posted revenue of Rs 579.9 crore, up 18.5% year-on-year, with net profit rising 12% to Rs 57.1 crore. The company has been investing aggressively in cloud, automation, cybersecurity, and now Generative AI, while strengthening its presence in BFSI and healthcare. For long-term investors, the question remains: is the market rewarding this foresight, or already pricing it all in?

From airport lounges to boardrooms: Why Chalet Hotels is catching investor attentionSubscriber Only

September 30, 2025 07:05 IST

In Q1 FY26, Chalet Hotels’ revenues surged 146 percent to Rs 908 crore, with EBITDA up 150 percent to Rs 371 crore. Average daily rate rose 17 percent to Rs 12,207, while occupancy slipped to 66 percent. For retail investors, the stock offers exposure to India’s hospitality upcycle, with double-digit ADR growth and rising RevPARs. But the key question is: can the momentum last?

Among them was Bosch India, the country’s largest auto ancillary stock by market cap (Rs 1.17 lakh crore), and Endurance Technologies, both of which outperformed peers like ZF Commercial Vehicle Control System India. (Photo: Bosch website)

Bosch India reaches a new all-time high of Rs 41,000: Is it still a buy?Subscriber Only

September 27, 2025 11:04 IST

With auto sales flat in Europe, India’s automotive market is rebounding. Bosch India hit a new high of Rs 41,945 as changing regulatory norms and electrification create opportunities for domestic-focused auto ancillaries. While its fundamentals are solid, the key question is how effectively it can seize India’s electrification opportunity and expand market share.

The portfolio includes precision parts and components and assemblies for the nuclear, aerospace, defence, and other emerging segments.

This small-cap makes tools for Boeing and Airbus. Can it justify its 65x valuation?Subscriber Only

September 24, 2025 13:10 IST

Unimech Aerospace, a niche MRO tools and precision parts maker, is riding India’s aerospace surge. The stock currently trades at a trailing twelve-monthP/E multiple of 65x, highlighting strong growth expectations. Yet, the question remains: Is Unimech Aero another aerospace-and-defence hype story, or does it truly warrant a rich premium?

This small-cap defence stock surged 2,147% in 3 years: What makes it different?Subscriber Only

September 19, 2025 07:34 IST

Apollo Micro Systems started its defence sector rally in 2023 and has outperformed its PSU peers. The momentum has been fuelled by innovations moving into large-scale production and order inflow. But with the stock now trading at a 149x PE ratio, the question is: has it peaked or is this the first stage of its growth journey?

Over 80 percent of Pidilite's sales come from its Consumer and Bazaar division, which houses brands such as Fevicol, M-Seal, Dr. Fixit, and Fevikwik. (Credit: pidilite.com)

Fevicol maker Pidilite delivers double-digit growth, but is 70x earnings justified?Subscriber Only

September 16, 2025 07:32 IST

In Q1 FY26, Pidilite’s consolidated revenue rose 10.6 percent year-on-year, EBITDA grew 15.8 percent, and net profit increased by 18.7 percent. While the double-digit growth is impressive, the key question for investors is: can it keep compounding at a pace that justifies 70 times earnings?

Aditya Birla Fashion & Retail’s expanding wardrobe shows profit discipline, but investors still wait for returnsSubscriber Only

September 15, 2025 12:51 IST

Aditya Birla Fashion & Retail Ltd has built India’s most diverse fashion portfolio — from Pantaloons and Van Heusen to Sabyasachi and Tasva — but its stock still hasn’t rewarded long-term investors. The question is: is ABFRL building a fashion powerhouse or just juggling too many brands to deliver real returns?

In the June 2025 quarter, spending across Phoenix’s malls jumped 12 per cent compared to last year, showing that the appetite for shopping in physical spaces is alive and growing.

Phoenix Mills goes all in: Will India’s retail revival deliver long-term profits?Subscriber Only

September 11, 2025 07:49 IST

Phoenix Mills is doubling down on India’s retail revival. From crowded atriums and premium tenants to a Rs 5,449 crore buyout of its partner’s stake in marquee malls, the country’s largest mall operator is reshaping its portfolio for long-term gains. But while footfalls and spending are surging, rental income growth remains modest. The question for investors is whether Phoenix can balance growth with debt and turn today’s shopping boom into lasting profits.

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