TI.NSE News

Ather Energy is bracing for headwinds from volatile commodity prices in the coming months. Tilaknagar Industries is crafting a new identity with luxury whisky. Bharat Intelligence uses AI to solve the farm labour crisis in Maharashtra’s villages.

Tilaknagar Industries achieved significant sales of Imperial Blue whisky in its first month under new ownership. The company sold 1.79 million cases of the brand. This acquisition solidifies Tilaknagar's position as a national player in the Indian Made Foreign Liquor market. The company also reported strong performance in southern states, enhancing its market share.

India’s food and beverages sector is seeing a surge in dealmaking as domestic and global investors chase fast-growing, brand-led businesses. Recent transactions include Vixar’s ₹770 crore investment for a 45% stake in The Belgian Waffle Co., Reliance Consumer Products’ majority buy in Udhaiyams Agro Foods, and acquisition plans by Orkla India. Large deals by Tilaknagar Industries and Wilmar International further highlight the momentum.

Orkla India, the owner of the MTR and Eastern spice brands, is eyeing acquisitions to expand its portfolio, and banking on quick-delivery platforms and demand for ready-to-eat meals to drive double-digit revenue growth, its CEO said.Dealmaking in the consumer goods and retail sector has picked up as large groups chase growth, reaching a four-year high for January-September led by the food and beverages category, according to investment bank Equirus Capital.Top transactions include Tilaknagar Industries' $486 million purchase of the Imperial Blue whisky brand from France's Pernod Ricard and Singapore-based Wilmar International's $832 million stake deal in AWL Agri Business."We are on the lookout for more M&A targets (that strongly reflect the local culture and food)... Anything that starts at Rs 1 crore - 2 crore(about $11 million-$22 million), going up to any size," Sanjay Sharma, CEO and managing director at Orkla India, told Reuters on Thursday.The company has enough cash and can raise more money to finance deals, Sharma added.The Indian arm of Norwegian consumer goods group Orkla, which merged MTR and Eastern in 2023, expects to return to its historical double-digit revenue growth in fiscal 2026 and beyond.

The stock has gained 25% in the last month and the analyst sees long-term potential above ₹600.

The stock has run up 47% in the last month. Analyst cautions that recent gains may trigger a short-lived retracement phase.

Key inflation data and earnings from major companies such as HAL, ONGC, and Suzlon are expected to set the near-term tone.

Tata Steel, Power Grid Corp. of India, Punjab National Bank, Hyundai Motor India, and IndiGo, among other companies, are scheduled to report their quarterly earnings later in the day

Technical indicators suggest continued upside, with price targets up to ₹675.