By Trendlyne AnalysisThis commercial vehicle manufacturer surged 3% on July 1 after reporting a 10% YoY rise in Q1 sales, driven by strong demand for medium and heavy commercial vehicles (MHCVs) and light commercial vehicles (LCVs). Bus sales, however, declined 30%. Forecaster expects Q1 revenue to rise 4% to Rs 9,108 crore, as geopolitical tensions in West Asia weigh on demand.
Management believes the medium-term outlook remains favourable despite current headwinds. MD & CEO Shenu Agarwal said GST rationalisation reduced truck prices by up to 10% and “acted as a trigger for the replacement of aged fleets.” With the average truck in India over ten years old, replacement demand is a key growth driver. The company has also signed an MoU with the Ministry of Road Transport and Highways to accelerate the scrappage of ageing vehicles in Delhi-NCR. Under the scheme, buyers receive an 8% discount on eligible trucks and buses, along with government tax waivers.
Ashok Leyland continues to strengthen its leadership in buses, where it holds a 34% market share. Its electric bus subsidiary turned profitable in FY26, generating over Rs 100 crore in profit and easing concerns over EV-related cash burn. The company has also announced a greenfield battery pack plant near Chennai to deepen localisation and support its growing EV business.
Exports contribute around 10% of revenue and remain an important growth avenue. The company has partnered with Indonesia's state-owned PT Pindad to co-develop electric buses and defence vehicles. It is also setting up an assembly facility in Saudi Arabia after utilisation at its UAE plant exceeded its annual capacity of 6,000 units. CFO K M Balaji said, “We expect sales of around 7,000–8,000 vehicles this year (in the Middle East), which is around 40% higher demand than our current capacity.”
ICICI Direct reiterates its 'Hold' rating, citing commodity inflation and higher diesel prices as near-term risks. However, the brokerage remains optimistic on the company's long-term prospects, supported by replacement demand, rising exports, and steady progress in electric vehicles.
This realty company’s stock climbed over 10% in the past week following its entry into the Delhi-NCR market. The luxury developer is betting big with a Rs 6,000 crore total investment in its debut Gurugram project, 'Three Sixty North'. The first phase features 832 units spread across 6 towers. CMD Vikas Oberoi is confident that their premium brand will thrive in the north, estimating the total revenue potential across both phases at Rs 16,000 crore.
Even as West Asia conflicts and AI-driven tech uncertainties cooled down some markets, urban real estate proved incredibly resilient, with Mumbai property registrations hitting a 14-year high in June. Oberoi Realty capitalized heavily on this momentum by leveraging its presence across the Mumbai Metropolitan Region (MMR), which saw rock-solid, sustained demand for ultra-luxury homes priced between Rs 12 crore and Rs 60 crore in prime markets like Andheri, Worli, and South Mumbai. The stock features in a screener of companies with relative outperformance compared to the industry over the past year.
Backed by rising pre-sales, Oberoi's FY26 net profit grew 9.6% YoY to Rs 2,507.4 crore. However, project delays caused it to miss Trendlyne's Forecaster estimates for net profit and revenue by 6.2% and 7.5%, respectively. Even with industry-wide construction costs now inflating by 2–3%, the management remains confident it can safeguard its profit margins using strategic pricing and built-in budget cushions.
The company’s rental business turned into a cash cow as lease rentals leaped 36% to Rs 1,191 crore in FY26. Meanwhile, occupancy at its Sky City Mall hit 72% in Q1FY27, and management expects it to reach 100% by the end of the fiscal year. To keep the momentum going, Oberoi has packed its FY27 calendar with four launches in the first half of the year and three more in the second half.
ICICI Direct maintained its ‘Buy’ rating on the stock with a target price of Rs 2,080. The brokerage pointed out that Oberoi is sitting on roughly Rs 15,000 crore worth of inventory across seven active residential projects. Moving forward, analysts note that keeping this massive launch pipeline on schedule and securing new land deals will be the most critical milestones to watch.
Thiswater treatment company rose 3.7% on July 1 afterwinning an order worth up to Rs 600 crore from the City of Vienna. Under the project, WABAG will expand the water supply facility that helps provide drinking water to the city.
In June, WABAG’s stock surged 31.5% as the company entered the UAE and Kuwait markets. Itwon a contract worth up to Rs 600 crore to build a sewage treatment plant in the UAE andsecured an order worth over Rs 1,000 crore for a desalination plant in Kuwait. These wins add to its strong pipeline of over Rs 17,200 crore. CFO Skandaprasad Seetharamansaid, “Our order book is over 4x annual revenue.”
ForFY26, WABAG beatForecaster estimates, with revenue rising 21% and net profit growing 25.5%. Management expects to sustain 15-20% annual revenue growth and a 13-15% operating margin over the medium term.
WABAG is also expanding beyond city water projects into high-margin industrial water projects via its "Future Energy" division. The company sees a $4-6 billion opportunity across sectors such as semiconductors, solar cells, data centres, green hydrogen, and AI infrastructure. CMD Rajiv Mittalsaid, “These are five new sectors which we did not have a few years back, that are suddenly in focus.” These industries require specialized, ultra-pure water systems, which offer better profit margins than regular water treatment contracts.
Hiring skilled talent remains achallenge as WABAG expands globally. Since the industry has few large companies to hire from, the company recruits and trains 200 engineers every year for 18 months. Retaining this technical expertise is crucial for future project execution.
YES Securitiesmaintains its ‘Buy’ rating on WABAG, expecting Q1FY27 orders to cross Rs 2,000 crore, backed by recent contract wins. The brokerage also forecasts over 20% YoY revenue growth as it executes key projects in Saudi Arabia and India.
Thiscar company rose 4.5% over the past week after Jefferiesupgraded its stock to 'Buy' and raised its target price to Rs 16,500. The brokerage expects improving passenger vehicle demand, lower commodity costs and expanding production capacity to support earnings. It also raised its FY27-FY29 earnings estimates by 2-4%.
Maruti widened its lead in India's passenger vehicle market after domestic wholesales rose 24% YoY to around 1.5 lakh vehicles in June, aided by recent capacity expansion. Rural markets accounted for 53% of June sales, while CNG models made up 42% of total sales. Rahul Bharti, Senior Executive Officer, Corporate Affairs,said, "All cylinders are firing. Be it rural or urban, we are seeing strong growth across all markets."
Management is looking to build on its 39% share of India's passenger vehicle market. Sales & Marketing head Partho Banerjeesaid, "We expect to gain at least two percentage points in both wholesale and retail during Q1FY27." He added that tax relief measures should improve affordability for smaller cars, while SUVs and CNG models continue to support growth.
The company expects vehicle sales togrow by more than 10% this year. With around 1.9 lakh pending customer orders entering FY27, Maruti is expanding capacity to meet demand. Two new production lines will increase annual production capacity by 19% to 31 lakh vehicles.
Maruti accounted for 49% of India's passenger vehicle exports in FY26. Management said shipments to the Middle East continued through alternative routes despite geopolitical disruptions, while the company's presence across more than 100 countries helped limit the impact on exports. However, it cautioned that tensions in West Asia and an uneven monsoon could weigh on the broader auto industry.
This automotive software provider’s stock plunged to a 52-week low last week after it cut its Q1FY27 guidance. KPIT expects revenue to decline 1% YoY as European automakers reduce engineering and software spending, delaying vehicle development programs.
The slowdown stems from profit warnings and weaker demand across Europe's auto industry. Several customers postponed or slowed software and R&D projects, delaying revenue recognition during the quarter. Management said the disruption emerged only in the final weeks of Q1, leaving little time to replace lost business or reduce costs. As a result, operating margins are expected to contract more sharply than revenue. The company is now focusing on AI-led productivity improvements and tighter cost controls to restore profitability.
Management expects a strong recovery in H2FY27 despite current weakness. Growth remains robust in the products & solutions and trucks & off-highway segments, while the US, Korea, and India markets continue to outperform Europe. Demand for autonomous driving, connected vehicles, predictive maintenance, and full-vehicle engineering remains healthy, supported by a strong order book. New client wins in the passenger vehicle segment are also expected to drive growth.
Co-founder, MD & CEO Kishor Patil said, “We expect 30% revenue growth in products & solutions in FY27, driven by wallet share improvement in the current account and new client wins.” He reiterated EBITDA margin guidance of up to 21.2%, supported by a richer product mix and AI-driven productivity gains, even as the company continues to invest in AI capabilities, product development, and new markets.
Following the guidance cut, JP Morgan downgraded the stock to 'Underweight' from 'Neutral' and lowered its target price to Rs 550. The brokerage attributed the slowdown to budget cuts at key customers, including BMW and Volkswagen. BMW alone contributes around 12% of KPIT's revenue.
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