1. Hyundai Motor India (HMIL):

This car manufacturer rose 1.6% on May 27 after it announced price hikes of up to Rs 12,800 across all models, starting June 1. The company cited rising material costs and higher operating expenses as reasons for the increase.

The price hike follows a tough Q4FY26 that squeezed profits. Net profit fell 22.2% as expenses jumped 10%, cutting the EBITDA margin by 370 basis points to 10.4%. However, revenue grew 5.4%, driven by strong exports, higher wholesale volumes, and steady rural demand. Management expects to lift margins back to its 11-14% target range through volume growth, price hikes and cost optimisation.

Exports emerged as a major growth driver during FY26. HMIL beat its export target of 7-8%, delivering a 16.4% jump in overseas shipments, thanks to strong demand in emerging markets and entry into new geographies.

For FY27, management has targeted 8-10% volume growth. MD & CEO Tarun Garg said, "Our growth ambition plans will be fuelled by aggressive investments of approximately Rs 7,500 crore in FY27, marking the highest ever capex in recent years." 

Hyundai also plans to launch two new SUVs in FY27, including a mass-market electric model and a mid-sized petrol/diesel model. The Chennai plant will manufacture both models. Additionally, Hyundai is expanding its Pune plant, which will add capacity for 70,000 vehicles and take its total annual production capacity in India to 11.4 lakh units by 2030.

Near-term hurdles persist. On June 1, the stock fell 2.2% after a fire at a supplier's Chennai facility (Mobis India) disrupted the supply of audio systems and safety parts, temporarily slowing production potentially by 15%.

CLSA maintained its “Outperform” rating on Hyundai Motor India with a target price of Rs 2,200, citing upcoming launches and strong utility vehicle demand as drivers of volume growth. It also expects easing commodity costs and operational efficiencies to support margin recovery.

2. Asian Paints:

This paints company rose 1.1% on June 2 after Axis Direct upgraded the stock to 'Buy' with a higher target price of Rs 3,130. The brokerage expects Asian Paints to benefit from improving paint demand and an earnings recovery after several weak quarters.

In Q4FY26, revenue grew 10.6% YoY to Rs 9,247 crore, led by stronger rural demand and higher premium product sales, as decorative paints volumes rose 12.4%. Net profit surged 69.3%, while EBITDA margin expanded 214 bps to 19.3% as operating efficiency improved during the quarter.

Asian Paints is also getting a bigger share of revenue from products beyond traditional wall paints. New products contributed around 17% of overall revenue during the quarter. 

Premium paints have helped narrow the gap between volume and value growth, indicating customers are spending more on higher-end products. MD & CEO Amit Syngle said, “The premiumization strategy has been working very well, and the PreLux categories have moved quite well overall.”

The company expects to commission its new chemicals facility in the first half of FY27 as part of a wider 30-40% manufacturing expansion plan. The plant will locally manufacture paint ingredients that are currently imported, helping the company manage supply risks and swings in crude-linked input costs more effectively. The company said only a limited number of global manufacturers currently produce these chemicals.

Axis Direct expects Asian Paints to continue outpacing industry growth as premium products, waterproofing and home décor businesses scale up further. It also expects that the company’s wider distribution network and new products will help defend market share amid rising competition.

3. ITC:

This cigarettes & tobacco products company slumped to a 52-week low of Rs 275 on 4th June, weighed down by an increasingly harsh tax environment. The legal cigarette industry is facing a major crunch after a brutal double whammy: a GST rate jump from 28% to 40%, combined with a massive hike in excise duties in early 2026.

Management pointed out that this punitive tax spike has triggered severe, unintended side effects across the industry. To cope, ITC is gradually rolling out price hikes to eventually reach a tax-neutral footing. Highlighting the sheer scale of the challenge, analysts at Motilal Oswal estimate that ITC needs a massive portfolio-wide price hike of over 35% just to remain EBIT neutral.

This harsh regulatory climate, combined with shipping logjams from the West Asia conflict, severely dented ITC's Q4FY26. Net profit plummeted 72.7% YoY to Rs 5,387.9 crore, largely swallowed up by the skyrocketing excise duties. Overall revenue also dipped 5.1%, dragged down by slowing agri-business and cigarette exports. The stock appears on a screener of companies seeing a rise in non-core income.

ITC’s FMCG segment posted a robust 15% revenue growth, fueled by strong, broad-based demand for everyday essentials, including staples, biscuits, snacks, frozen foods, noodles, and personal care products.

Chairman Sanjiv Puri said ITC is opting for gradual, calibrated price hikes rather than a sharp, one-time increase for consumers. The primary goal is to protect legal sales volumes and prevent the illegal grey market from expanding. While Puri warned of near-term volume declines and temporary pressure on profits, the company says it is focused on fully absorbing the tax impact without ceding market share to grey-market operators.

Motilal Oswal maintained its ‘Neutral’ rating on ITC with a target price of Rs 300. The brokerage expects the current volatility in earnings and cigarette volumes to stabilize once this initial transition phase cools down. Moving forward, ITC's premiumization strategy and non-cigarette businesses are showing structural improvement, with the FMCG business projected to clock a healthy 10% CAGR over FY26-28.

4. R R Kabel:

This wires & cables (W&C) manufacturer surged 14% over the past week after Crisil projected that the industry will deliver 28-30% revenue growth in FY27, with volume growth accelerating to 15-16% from the historical average of 8-10%. The ratings agency expects demand from power transmission, renewable energy, real estate and data centre projects to support the sector. Adding to the positive sentiment, the Gujarat government approved the "Wire-Free City Mission" and allocated Rs 500 crore for its first phase to underground power distribution lines across urban areas.

In Q4FY26, RR Kabel's revenue rose 33.7% YoY, while net profit increased 30.1%. The company benefited from strong demand across domestic and international markets, while higher copper and aluminium prices lifted realisations. W&C revenue grew 36.3% during the quarter, outpacing overall revenue growth, with exports contributing 25% of sales despite war disruptions.

Nearly 90% of revenue comes from W&C, where copper and aluminium account for 55-60% of raw material costs. While higher metal prices boosted realisations, the company also benefited from rising cable demand. Chief Operating Officer Rajesh Jain said wire volumes grew in the "mid-single digits", while cable volumes were "in the high teens" during the quarter. Cables contribute about 27% of the segment's revenue mix. 

The firm invested Rs 300 crore towards cable capacity expansion in FY26 and expects another Rs 900 crore to be deployed through FY28. Jain notes that the focus on cables comes as "cables division has already been running at a utilisation of more than 90%," compared with roughly 70% for wires. 

Motilal Oswal maintains its Neutral rating on the stock, with a higher target price of Rs 2,020. The brokerage expects cable volumes to grow around 25% over the next two years, compared with 11-12% growth in wires. As a result, cables could account for a larger share of the company's portfolio over time.

5. Astra Microwave Products:

This aerospace and defence stock hit an all-time high of Rs 1,463.9 after reporting strong FY26 results. Revenue rose 10.5%, driven by a ramp-up in project execution and a higher contribution from the space segment. Net profit jumped 25.7%, led by deliveries of high-value products such as satellite components. Both revenue and profit exceeded Forecaster estimates.

The space business, which contributed 10% of revenue, emerged as the growth driver by year's end. Topline from the segment surged 89.9% as the company participated in more strategic satellite and ISRO programs. Management expects repeat orders from upcoming ISRO and Defence Research and Development Organisation satellite networks over the next few years.

The exports division, which accounted for 14% of revenue, also expanded rapidly. The company shifted its focus from low-margin manufacturing to co-developing advanced radio systems and exporting higher-value components. However, the defence segment, the company's largest business at 72% of revenue, declined due to project delays and a shift toward the space and export markets.

Separately, the board will meet on June 10 to consider spinning off the growing space and metrology businesses. Management believes the move will sharpen operational focus, improve capital allocation, and enhance overall efficiency.

Following the results, CFO SG Reddy said, “We reaffirm our FY27 topline growth at 15-20% with a potential for much stronger growth over the coming years.” He added that the company aims to triple its revenue by FY31. Faster execution of radar, electronic warfare, fighter aircraft upgrade, missile, and space programs is expected to support this growth. Additional production orders could further accelerate the company's expansion.

After the earnings announcement, Motilal Oswal retained its 'Buy' rating and raised its target price to Rs 1,580, implying a potential upside of 11.3%. The brokerage expects project execution to accelerate beyond FY27 as the company finalises large orders from Q2FY27 onward. Analysts forecast annual revenue growth of 20% and net profit growth of 30% during FY27-28.

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