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​The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in.

Despite weak Q3 earnings, Bharat Petroleum (BPCL) draws attention from global brokerages. CLSA upgraded BPCL to ‘Hold’ with a target of Rs 270, while Morgan Stanley maintains an ‘Overweight’ rating with a target of Rs 419. BPCL posted a 20% YoY profit increase, but missed market expectations. Shares surged 14% over the past year.

Brokerages highlight promising stocks in defence, infra, cement, BFSI, auto, metals, and mining sectors ahead of Union Budget 2025. Key picks include BEL, Tata Motors, H.G Infra, UltraTech, SBI, Maruti Suzuki, and Tata Steel, anticipating government focus on infrastructure and economic revival.

Union Budget 2025 is set to address critical needs in the real estate sector, focusing on affordable housing and infrastructure development. Key expectations include raising the affordable housing price cap, extending home loan tax benefits, reducing the corporate tax rate for housing projects, and expanding credit guarantee schemes to encourage development and reduce lending risks.

Tejas Networks’ shares fell 9.4% due to a sharp decline in its order book and rising inventory levels. Despite posting strong Q3FY25 results with a net profit of Rs 165.67 crore, concerns over growth sustainability persisted. The stock has dropped 34% from its 52-week high and is trading near its target price.

This announcement comes after a previous decision to add six companies to the F&O segment, namely Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries, and Torrent Power.

​Our expectation is this year Nifty earnings growth will be in the tune of 5% to 6%, probably third quarter has started not on a very bad note, it has been mixed pack but more positive surprises than negative surprises as we speak, but it is still very early season in terms of earnings. We have to see how it pans out.

Capri Global Capital shares jumped 12.4% to Rs 204.15 following a Q3 net profit rise of 111% YoY to Rs 108 crore. Total income increased to Rs 604.2 crore. Key executive changes include Abhishek Yadav as new Chief Compliance Officer, and Vikram Vaswani as Head of Insurance.

United Spirits share price: On a consolidated basis, the company’s net sales value (NSV) for the quarter stood at Rs 3,433 crore, marking a 14.4% YoY growth. Additionally, EBITDA showed strong growth, rising by 16.9% YoY to Rs 568 crore.