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Data compiled by ETMarkets shows several stocks that traded below Rs 20 in May 2021 have now become Rs 3,000 crore to Rs 12,000 crore companies, powered by themes such as defence, renewables, railways and infrastructure. Its market capitalisation surged from Rs 109 crore to nearly Rs 9,000 crore, reflecting investor appetite for renewable energy developers.
Listed defence sector companies are expected to deliver a mixed set of numbers in Q4FY26, despite robust order visibility and sustained inflows and a healthy pipeline where backlogs are no longer a constraint, Nuvama Institutional Equities said in a note. Solar Industries Nuvama expects healthy execution momentum, with revenue growth of 28% YoY, though the defence topline is likely to come in at Rs 900 crore, significantly below the Rs 3,000 crore guidance, primarily due to delays in Pinaka execution and geopolitical disruptions impacting defence supply chains. 4 lakh crore backlog is critical, the brokerage said, listing ongoing supply chain challenges, particularly focusing on the timely procurement of critical components.
Following Trump's comments, the front month future contracts for oil also saw a sharp decline, with Brent crude and WTI both trading around 4% lower and below $100 a barrel. A survey by Japan’s central bank released on Wednesday showed that business sentiment among major manufacturers had improved despite concerns over the Iran war.
This comes after the stocks took a severe beating earlier last week as tensions between Iran and Israel-US escalated, with no sign of a diplomatic resolution. Following the remarks, crude oil prices plunged sharply after a blistering rally that had pushed prices past the $100 mark for the first time since Russia–Ukraine War began in 2022.
Investors are watching the Union Budget for fiscal consolidation and growth spending. Analysts recommend buying quality stocks on dips, especially in infrastructure, defence, power, and housing. Key themes include sustained public capex, targeted support for rural demand, and thrust on renewables. Companies in these sectors are expected to benefit from government initiatives and policy continuity.
