- Recent report from HSBC upgrades Cummins' target price to 3300, citing strong growth in both domestic and export markets.
- Cummins reported solid quarterly results and has a positive growth outlook for 12 to 18 months.
- Power sector, particularly green energy, is expected to remain strong due to government support for solar panels and EVs.
- Reliance Industries, Tata Power, Adani Green, and Linde are mentioned as potential bets in the energy sector.
- Metals have seen a rebound, with favorable pricing for copper and aluminum, but challenges for iron ore and steel.
- Hindalco and NMDC are highlighted as potential investment options in the metals sector.
- Small-cap stocks have experienced significant corrections, with some down 30-50% from their 52-week highs.
- Potential investment opportunities identified in defense stocks like BEML and hotel stocks like Lemon Tree and Indian Hotels.
- Some mid-cap losers have fallen sharply from their March 11 highs, presenting potential value opportunities.
- PSUs, particularly in defense and railways, are seen as having potential value, with PSU banks like PNB and SBI considered as attractive investments.
