Sandip Sabharwal suggests contrarian investment opportunities in consumer and infrastructure construction companies, benefiting from supportive monetary policy and increased government spending. He remains positive on banks like ICICI, HDFC, and SBI. While cautious on IT due to project uncertainties, he sees potential in L&T Finance, M&M Finance, and Bharti Airtel, citing strong cash flows and pricing power.

Infosys reported a 12% YoY drop in Q4 profit to Rs 7,033 crore, with revenue rising 8% but declining 3.5% QoQ in constant currency. FY26 guidance was muted at 0–3% growth. Brokerages maintained cautious stances, citing macro uncertainty and delayed deal conversions, though free cash flow hit record levels, and margins improved marginally.

Various estimates now peg the odds of a US recession between 40–60%. And should that risk materialise, the downstream effects could be significant — from capital flows to emerging markets to the outlook on global equities and debt.

Timely participation in cycles like renewables, ESDM, capital goods, and infra, which experienced strong tailwinds due to government policies and rising demand.

Saigal Capital s founder, Anshul Saigal, anticipates tariffs positively impacting India, presenting buying opportunities post-volatility. He sees value in companies benefiting from volume and price increases, particularly in pharma (CDMO) and metals. Despite tech s potential, high valuations make it currently less appealing, with uncertainty creating opportunities in specific sectors like textiles.

Yes Bank posted a 63.3% YoY jump in Q4 profit to Rs 738 crore, with NII rising 5.7% and NIM improving to 2.5%. Asset quality strengthened as net NPA fell to 0.3%, while advances and deposits grew 8.1% and 6.8%, respectively. CASA ratio improved to 34.3%. Provisions rose 23% QoQ as gross slippages moderated.

Just Dial shares: At the operational level, EBITDA increased by 21.8% to ₹86.1 crore, up from ₹70.7 crore in the same quarter last year. The EBITDA margin also improved, rising to 29.8% from 26.2% during the corresponding period.

Tata Elxsi reported a 12% YoY decline in Q4FY25 net profit to Rs 172.4 crore, while revenue remained flat at Rs 908 crore. EBITDA margin stood at 22.9%. The company bagged its largest-ever $100 million deal in media and communications and saw 3.5% QoQ growth in healthcare. A final dividend of Rs 75 per share was announced.

Foreign institutional investors have significantly reduced their holdings in Indian IT stocks due to concerns about Fed rate cuts and weakening demand, while increasing investments in telecom and FMCG sectors. The Nifty IT index is struggling, with all its stocks in decline, contrasting with the resilience shown by domestic consumption-focused sectors like financials and telecom.

ICICI Securities initiates a buy call on Niva Bupa Health Insurance, setting a target price of Rs 90. Niva Bupa is poised to benefit from India s growing health insurance market, driven by its customer focus and tech capabilities. The company has demonstrated a strong GWP CAGR of approximately 40% between FY20 and FY25.