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INSANE: Clsa - The Real Truth

Is SaaSpocalypse real? CLSA says maybe not and here’s why

Initial fears of an "SaaSpocalypse" following Anthropic's AI plug-in release have subsided. Brokerages now suggest AI is driving a shift to consumption-based models, with IT firms partnering with SaaS providers poised to benefit from implementation demand. Systems of Record are seen as less vulnerable, while AI is expected to enhance…

The Economic Times

TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?

IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.

The Economic Times

AI, data centre boom powers these 9 stocks up to 477% in 2026. Can you still join the party?

India's data centre industry is experiencing a multi-year growth phase, fueled by digitalization, cloud adoption, and AI demand. This surge is driving significant gains in companies linked to data centre infrastructure, power, and hardware, with analysts suggesting the rally has further room to run.

The Economic Times

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No negative impact of AI visible yet on software companies' earnings: Report

Artificial Intelligence (AI) has not yet had a negative impact on the earnings performance of software-as-a-service (SaaS) companies, according to a report by CLSA.

The Economic Times

Ather Energy shares can rally till Rs 1,450, says CLSA, citing twin engine

CLSA sees nearly 60% upside in Ather Energy, initiating coverage with an “Outperform” rating and a Rs 1,450 target. The brokerage cites a “twin engine” of cost deflation and premiumisation, strong software-led revenues, and improving unit economics, expecting EBITDA breakeven by FY28 and significant margin expansion through FY31–32.

The Economic Times

HFCL vs Sterlite Tech: Both stocks turn multibaggers, rocket up to 375% YTD. Should you invest amid AI boom?

Optical fibre makers HFCL and Sterlite Technologies are experiencing a boom, with shares surging due to massive demand for AI-driven data centre infrastructure. India's growing data centre market and global hyperscaler investments are fueling this growth, making these companies key beneficiaries of the AI expansion.

The Economic Times

Can Honasa shares rally up to 57% after strong Q4 show? Jefferies, CLSA & two other brokerages weigh in

Honasa Consumer shares surged over 11% on Friday after a strong Q4 FY26 performance, with brokerages including Jefferies, CLSA, ICICI Securities and JM Financial turning more optimistic. Jefferies sees up to 57% upside, citing robust multi-channel growth, improving margins and stronger execution, while other brokerages also highlight rising traction across…

The Economic Times

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Honasa Consumer shares zoom 11% on robust Q4. Jefferies, CLSA see more room to run

Honasa Consumer, Mamaearth's parent company, saw its shares surge after reporting a 177% year-on-year jump in net profit to Rs 69 crore for Q4 FY26. Revenue also climbed over 23% to Rs 657 crore, with EBITDA soaring 186%. Analysts from CLSA and Jefferies maintain positive ratings, citing strong growth momentum…

The Economic Times

Flipkart Pulls Ahead: How India's E-Commerce Giant is Winning Hearts and Carts

From weekly active users to GMV share, two new institutional reports reveal that Flipkart is extending its lead over competitors and building a multi-business moat that rivals struggle to replicate.

The Economic Times

Kaynes Tech shares fall another 5% a day after crashing 20%. What brokerages fear the most?

Kaynes Tech shares extended losses, falling another 5% after a 20% crash following weak Q4 earnings. Profit declined 22% YoY despite 26% revenue growth, which missed internal targets. Brokerages including JP Morgan, Nuvama and CLSA cut targets, citing execution concerns, margin pressure, and weak near-term visibility.

The Economic Times

Kaynes Technology shares plunge 19%. Why JPMorgan, Nuvama downgraded the EMS stock

Kaynes Technology shares plunged after the company’s Q4 results disappointed investors on multiple fronts, including a revenue guidance miss, weaker balance sheet metrics, and a sharp drop in profit. The stock fell to Rs 3,760.10 on the BSE as brokerages turned cautious following the earnings report.

The Economic Times

India underperformed Korea by 180 percentage points; but the worst FII selling may be over, says Vikash Kumar Jain

India's stock market has lagged behind other Asian markets. This underperformance has made Indian stocks less expensive. Investor expectations are now lower. The market is positioned for potential gains if global risks decrease. Valuations are no longer stretched. The risk and reward for investors are now more balanced than in…

The Economic Times

Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil

Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged…

The Economic Times

ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boost

ONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstream producers. The brokerage said the move could raise ONGC’s fair value by 7-9% and Oil India’s by 9-11%. Oil India shares also gained 7.5%, while CLSA…

The Economic Times

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The Times of India

Zee slumps 10% after Sony scraps $10 billion India merger

Zee Entertainment Enterprises Ltd tumbled as much as 10% after the cancellation of a planned $10 billion merger with Sony Group Corp in India sparked a flurry of downgrades, with most analysts predicting a sharp contraction in its valuations.

Barchart

Markets Today: Stocks Mixed as Debt Ceiling Negotiations Continue

Morning Markets U.S. stock indexes this morning are mixed. The S&P 500 Index ( $SPX ) ( SPY ) is up +0.10%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.27%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.41%....

Barchart

Markets Today: Stocks Slightly Higher as Debt Ceiling Negotiations Continue

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.04%. U.S. stock index futures this morning are slightly higher. M&A activity today is lifting the overall market after Chevron agreed to buy PDC Energy for...

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

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