Business
PhysicsWallah, Ambuja Cement & more: Stock recommendations by brokers for today — check details – The Times of India
Goldman Sachs initiated its coverage of PhysicsWallah with a neutral rating and a target price of Rs 135. Analysts said the company is one of India’s largest edtech platforms, with a broadly equal mix of revenues from online and offline segments. They forecast a 24% compounded annual growth rate (CAGR) of revenue for FY25-FY30 (vs 38% for last two years), at mid-to-high end of India internet coverage, with 80%+ earnings before interest, taxes, depreciation, and amortisation (EBITDA) CAGR over this period. Analysts said they view such numbers as a function of PW’s strong top of the funnel organic traffic, a relatively benign competitive environment in India’s edtech sector, and PW’s pricing structure that allows it to penetrate deeper into multiple new education categories. They also warned that PW’s business model also has a negative working capital cycle, and forecast 100%+ free cash flow to net income for the company starting FY26.Avendus Spark initiated its coverage of LG Electronics with a reduce rating and a target price of Rs 1,536. Analysts said despite lower bargaining power and increasing customer choices due to competition, LG’s extensive reach remains a key strength and moat. The company has a robust in-house manufacturing capability and a third facility is in the pipeline to cater to the South Indian market and exports, which will also save logistics costs. They said the company is likely to face market share erosion, revenue impact and challenges in its niche premium/super-premium categories due to relatively new entrants.Nuvama has initiated its coverage of Knowledge Marine Engineering Works with a buy rating and a target price of Rs 2,500. Analysts said that India’s maritime industry is at an inflection point with unprecedented emphasis on infrastructure creation and inland waterways. KMEW enjoys a 50% order-win rate amid scarce competition and high entry barriers, delivers superior 35–40% EBITDA margin and is diversified across a spectrum of dredging, shipbuilding and ancillary services accounting for 43%, 11% and 46% of balance order book, respectively.HSBC has a buy rating on Ambuja Cement with the target price at Rs 700. Analysts said that the company’s board has approved the amalgamation of ACC and Orient Cement into Ambuja, with the completion expected within twelve months. The company’s management expects operational synergies to drive cost savings of at least Rs 100/tonne. Analysts see the amalgamation as a positive move for the companyInvestec has a buy rating on RBL Bank with the target price at Rs 430. Analysts said that the bank intends to deploy $1.5 billion of $3 billion infusion to retire high-cost liabilities and expects rating upgrades (AA- to AA+/AAA) to narrow its wholesale funding cost gaps vs larger peers. The lender expects to grow its loan book at 30% in FY27, led by wholesale, prime housing, and a pick-up in unsecured retail. Under the new expected credit loss (ECL) norms that is effective April 2027, the management expects a one-time impact of Rs 1,500 to Rs 1,700 crore (4% of post-dilution net worth) and a 20–25 basis points (100 basis points = 1 percentage point) rise in credit costs on a run-rate basis, partly offset by faster secured lending growth.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Business
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states — Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa — have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.
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Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Infosys logo is seen.
IT major Infosys rolled out performance bonus payouts averaging around 85 percent for the quarter ended December 31, 2025 (Q3FY26), marking the strongest variable pay outcome for eligible employees in at least the past three-and-a-half years, Moneycontrol reported citing people in the know.
The bonus payout for mid- to junior-level employees ranges between 75 percent and 100 percent, with most employees clustering around the organisation-wide average of 85 percent, the report said. The development signals a steady recovery in variable compensation at the Bengaluru-headquartered IT services firm. Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Employees are expected to receive their bonus letters over the next few days, with the payout scheduled to be credited along with their February salary.
One employee told the outlet that it is the strongest bonus outcome seen in recent years. The payout is also among the rare instances since the Covid-19 period when variable pay has approached the upper end of the eligible range.
Infosys last paid out 100 percent variable compensation during the pandemic. In the quarters that followed, payouts were lower amid macroeconomic uncertainty and a broader slowdown in client spending across global markets.
The higher payout comes at a time when global IT stocks have faced renewed pressure, driven by concerns over rapid advances in artificial intelligence and their potential impact on traditional IT services models.
Shares of global IT firms have seen sharp sell-offs in recent weeks amid heightened investor focus on AI leaders such as Anthropic. Investors fear that generative AI tools could compress pricing, automate routine services work and reduce demand for legacy outsourcing models.
Against that backdrop, the improved bonus payout at Infosys is being viewed as a signal of operational resilience and near-term performance strength, even as sentiment around the broader IT sector remains cautious.
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February 13, 2026, 21:44 IST
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