Following a significant drop in the Sensex on April 9, analysts predict a firm opening for Indian markets today, with the Gift Nifty showing positive signs. Recommended stocks for investors include Kajaria Ceramics and BHEL, along with specified buy prices and targets.

Kajaria Ceramics is launching a major marketing campaign. The company features Bollywood stars Ranveer Singh and Rashmika Mandanna. This initiative aims to boost its presence in the premium home improvement sector. The campaign highlights Kajaria's tiles and bathware. It seeks to position the brand as a one-stop shop for stylish homes. This strategy targets aspirational Indian consumers.

Mumbai (Maharashtra) [India], January 9: Kajaria Ceramics Ltd., India's No.1 tile company, together with Royal Challengers Bengaluru (RCB), announced today the extension of their partnership, with Kajaria Tiles continuing as the Principal Sponsor of the RCB Women's Team. The renewed association builds on a successful collaboration that began with the inaugural season of the Women's T20 League in 2023.

India’s equity benchmarks closed little changed on Wednesday in a subdued session marked by thin year-end volumes, with losses in information technology stocks weighing on sentiment. The Nifty 50 fell 0.13% to 26,142.1, while the BSE Sensex shed 0.14% to 85,408.7. Fifteen of the 16 major sectors declined. Small-caps rose 0.3%, while mid-caps fell 0.6%. Analysts said thin year-end trading kept volatility in check, with global volumes typically light ahead of the Christmas and New Year holidays. Indian markets will be closed on Thursday for Christmas. Investors are awaiting further cues, including a potential India-U.S. trade deal and October-December earnings, for a directional trade in the market. Motilal Oswal Financial Services said the earnings revision trends in the past four months have beaten its expectations. “The backdrop for earnings has improved vs last year, engineered by a series of stimulative fiscal and monetary measures,” the brokerage firm said. IT stocks fell 0.5% on the day after U.S.

In this briefing: Primer : Belrise Industries Ltd Kajaria Ceramics: Operational Lapse, Strengthening Processes. Maintain REDUCE Ambuja Cement: Subsidiary Merger: A Value Accretive Deal. Maintain BUY Event Driven: The Adani Cement Empire’s Merger Analysis Decoding the Cobrapost Allegations on Murugappa Group: Noise Vs. Structural Governance Risk 1. Primer : Belrise Industries Ltd Recently-Listed 2W Specialist Executing Tier-0.5 Transformation Amid Balance Sheet Reset Ambitious 4 W Diversification Strategy t o Reduce Concentration Risk Operating Performance Exceeding Guidance w i t h Margin Expansion 2. Kajaria Ceramics: Operational Lapse, Strengthening Processes. Maintain REDUCE We attended Kajaria Ceramics' analyst con call today Management launched "Project Manthan" in Apr–May 2025 to unify sales teams across divisions, streamline processes, and boost cost efficiency via manpower rationalization, optimized raw material use, lower travel expenses, and forgone promoter salaries During the rollout of a new vendor onboarding system under this initiative, the company found that there was an embezzlement amounting to ~INR 200mn as advance payments for a capex for a new plant at Kerovit Global Pvt Ltd— a wholly owned subsidiary of Kajaria Bathware Pvt Ltd—perpetrated by the subsidiary’s CFO in the past two years Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Kajaria Ceramics: Operational Lapse, Strengthening Processes. Maintain REDUCE Ambuja Cement: Subsidiary Merger: A Value Accretive Deal. Maintain BUY Event Driven: The Adani Cement Empire’s Merger Analysis Decoding the Cobrapost Allegations on Murugappa Group: Noise Vs. Structural Governance Risk LIC Housing Finance (LICHF): Growth Still Elusive But Asset Quality Has Normalized 1. Kajaria Ceramics: Operational Lapse, Strengthening Processes. Maintain REDUCE We attended Kajaria Ceramics' analyst con call today Management launched "Project Manthan" in Apr–May 2025 to unify sales teams across divisions, streamline processes, and boost cost efficiency via manpower rationalization, optimized raw material use, lower travel expenses, and forgone promoter salaries During the rollout of a new vendor onboarding system under this initiative, the company found that there was an embezzlement amounting to ~INR 200mn as advance payments for a capex for a new plant at Kerovit Global Pvt Ltd— a wholly owned subsidiary of Kajaria Bathware Pvt Ltd—perpetrated by the subsidiary’s CFO in the past two years Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: The Market Cycle Puzzle HDFC Bank (HDFCB IN) Tactical View After RBI OKs 9.5% IndusInd Bank (IIB IN) Stake Buy The Beat Ideas on GE Vernova T&D: Khavda HVDC Win Powers the Next Growth Phase The Beat Ideas: SBI Cards - Is the Worst Now Behind Us? Kajaria Ceramics Fraud- Capex and Control Failure 1. The Market Cycle Puzzle Gold has staged a convincing relative breakout. In the last cycle, the turn was accompanied by similar turns in value/growth, size and U.S./international leadership. This time, leadership rotation hasn’t happened. We attribute this to the “debasement trade” will carry on and hard assets will continue to dominate in the next multi-year market cycle. This time is different. Investors shouldn’t depend on a rotation from growth to value, large cap to small cap, and U.S. to non-U.S. equities in the near future. 2. HDFC Bank (HDFCB IN) Tactical View After RBI OKs 9.5% IndusInd Bank (IIB IN) Stake Buy The Reserve Bank of India has given the green light for HDFC Bank (HDFCB IN) subsidiaries to jointly buy up to 9.5% of Indusind Bank (IIB IN) .

In this briefing: HDFC Bank (HDFCB IN) Tactical View After RBI OKs 9.5% IndusInd Bank (IIB IN) Stake Buy The Beat Ideas on GE Vernova T&D: Khavda HVDC Win Powers the Next Growth Phase The Beat Ideas: SBI Cards - Is the Worst Now Behind Us? Kajaria Ceramics Fraud- Capex and Control Failure Hindalco: 44% Upside as Earnings De-Link from LME Volatility 1. HDFC Bank (HDFCB IN) Tactical View After RBI OKs 9.5% IndusInd Bank (IIB IN) Stake Buy The Reserve Bank of India has given the green light for HDFC Bank (HDFCB IN) subsidiaries to jointly buy up to 9.5% of Indusind Bank (IIB IN) . HDFC Bank (HDFCB IN) reached oversold state, according to our model , but this is a bullish trend pattern and so we think this week is a good time to buy. The stock could rally, and if the rally unfolds from this week onward it could reach the 1037-1062 profit target zone. 2. The Beat Ideas on GE Vernova T&D: Khavda HVDC Win Powers the Next Growth Phase GE Vernova T&D has secured a landmark HVDC-VSC order for the Khavda-South project , materially improving multi-year revenue visibility.

In this briefing: The Beat Ideas on GE Vernova T&D: Khavda HVDC Win Powers the Next Growth Phase The Beat Ideas: SBI Cards - Is the Worst Now Behind Us? Kajaria Ceramics Fraud- Capex and Control Failure Hindalco: 44% Upside as Earnings De-Link from LME Volatility Exencial Industry Tidings 22/12/2025 1. The Beat Ideas on GE Vernova T&D: Khavda HVDC Win Powers the Next Growth Phase GE Vernova T&D has secured a landmark HVDC-VSC order for the Khavda-South project , materially improving multi-year revenue visibility. The win reinforces GVT&D’s positioning in India’s grid transformation, strengthens backlog to record levels , and supports sustained earnings growth through FY28. With HVDC, grid digitalization, and capex acceleration aligned, GVT&D remains a high-quality transmission compounder with incremental upside optionality. 2. The Beat Ideas: SBI Cards - Is the Worst Now Behind Us? Q2FY26 witnessed sequential NIM stability at 11.2%, but the adverse product mix shift toward transactors , coupled with higher operating costs, led to a lower pre-provision operating profit and PAT.