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Suzlon Energy shares hit a 5% upper circuit after Morgan Stanley upgraded the stock, citing strong business prospects and a 5.1GW order backlog. Q2 FY25 profit surged 96%.

These are businesses spread across various constructs like B2C, B2B2C, C2C, B2B and even B2G. When we compare the growth rates of Digital companies vis-à-vis their core sectors, we find these companies to be growing 3x-5x their industry level growths.

Shares of ITI will be in focus on Tuesday after the company announced it received a Rs 95 crore order for a Mining Digital Transformation & Surveillance System (MDTSS) project from the Directorate of Geology & Mining, Government of Uttarakhand.

Motilal Oswal Financial Services recommends selling shares of Eicher Motors. They project a target price of Rs 4,000. The brokerage anticipates a 7% volume growth for Retail Exports over the next few years. They expect margins to remain stable. Eicher Motors, a large-cap company, operates in the auto sector. Promoters hold a significant stake in the company.

Indian stock markets rebounded on Tuesday, driven by gains in IT, auto, and energy stocks. The BSE Sensex surged 711 points, while the Nifty50 climbed 219 points. This upswing follows a period of correction triggered by concerns over foreign outflows and disappointing corporate earnings.

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​My view is that Q3, which has been a festive season, should show pickup in demand and Q4 also should be good. So, the bit of a slowdown which did a lot of damage for the Q2 numbers, we probably will cross that hump and corporate results will start coming back. The numbers will start looking decent. Rural income has already picked up. Rural spending has picked up.

Waaree Energies, India’s largest solar PV module manufacturer, reported a 15% YoY rise in Q2 net profit to Rs 362 crore. Revenue grew 1% YoY to Rs 3,574 crore. The company, which listed with a 70% premium, continues expanding with a 3 GW US manufacturing facility. For FY24, revenue surged 69% YoY to Rs 11,398 crore, while profit more than doubled.

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