
Tata Punch EV facelift in the works; likely to get a larger battery pack and more features
The Tata Punch EV facelift is expected to come packing a larger battery pack, which will promise a longer range on a full charge. Besides that, the updated Tata Punch EV would also get a revamped exterior and interior. The interior is likely to sport a host of new features in order to boost its appeal to consumers.
The Tata Punch EV was launched in India in early 2024. It was introduced at a starting price of ₹ 10.99 lakh (ex-showroom) and is available in two battery pack options, which are 25 kWh and 35 kWh. The electric SUV comes promising a maximum range of 421 kilometres on a single charge. The EV is now expected to receive the brand's innovative technology, modern features and improved battery and charging technology.
The upgraded Tata Punch EV could come sharing the same battery pack as the Tata Nexon EV, which sits above the Punch EV in the brand's product portfolio. Some of the technologies introduced in the newly launched Tata Harrier EV, too, are expected to be available in the Punch EV facelift, which would include t.idal (Tata Intelligence Digital Architecture Layer), digital key, DrivePay, and an ADAS suite.
In terms of equipment inside the cabin, expect it to come packing a larger touchscreen infotainment screen, premium speaker setup with more sound modes and Dolby Atmos, a 360-degree camera with blind spot monitor, powered front seats, and new seat upholstery.

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Indian Express
9 minutes ago
- Indian Express
8x stock surge, record Q1 FY26 revenue: Can Polycab sustain the momentum?
In the stock market, some stories unfold quietly before they turn spectacular. Polycab is one of them. Five years ago, the well-run cables and wires company was trading in the sub-Rs800 range. It was steady, predictable, and hardly the sort of stock that was a part of conversations. Today, that same company trades close to Rs 7,000. That is an eight-fold return for anyone who stayed the course. And it has not been a straight line climb. There were pauses, pullbacks, and even a sharp fall in late 2024. Yet, the stock's swift recovery in 2025 says a lot about the conviction investors have built in its story. Polycab has earned its re-rating the hard way by cementing its leadership in wires and cables, pushing aggressively into fast-moving electrical goods, and expanding margins without losing sight of operational discipline. It has kept its balance sheet strong, sitting on over Rs 3,100 crore of net cash, and it continues to invest heavily in growth under its multi-year Project Spring plan. In Q1 FY26, Polycab delivered the highest-ever first-quarter revenue and profit in its history, showing strength across segments and geographies. For investors, the question now is whether the next phase can match or even exceed the voltage of its past run. Polycab runs two main businesses: the wires & cables segment, which is the engine room of the company, and the Fast Moving Electrical Goods (FMEG) segment, which is its growth frontier. There is also a smaller Engineering, Procurement & Construction (EPC) arm that helps it deliver turnkey electrification projects. In Q1 FY26, the company reported Rs 5,906 crore in revenue, up 26% year-on-year. The wires & cables division alone brought in around Rs 5,130 crore or about 87% of total sales, growing a strong 31% YoY. This is where Polycab's dominance shows. It sells everything from the copper wiring inside homes to the heavy-duty cables used in power plants, railways, and telecom projects. The domestic cables business grew faster than the market, hinting at market share gains. Exports are still a small slice of the business at 5.2% of revenue, but they grew 24% year-on-year in the latest quarter. Management sees the US as a significant long-term opportunity because Indian cables currently benefit from lower import duties there than Chinese cables (about 10% versus 55%). However, the domestic duty environment has become less predictable, with recent hikes making exports from India more cost-sensitive. This uncertainty means that while the US tariff gap is a strategic tailwind, sustaining export momentum will require close attention to shifting trade policies. For the FMEG business, premium products are leading the way. For instance, premium fans now contribute 25% of fan sales, premium lights make up over 35% of lighting sales, and new modular switches already account for 20% of switch sales. Even solar inverters have emerged as the single largest category in the FMEG portfolio this quarter, driven by the state-level rooftop solar push. Also, one of the big pluses is that the margins have been expanding across the board. Consolidated Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin rose to 14.5%, up from 12.4% a year ago. The wires & cables segment delivered a 14.7% EBIT margin, and FMEG's profitability has started to take shape. A big help has been a better sales mix (more high-margin products) and operating leverage from higher volumes. One of Polycab's underrated strengths is its distribution muscle. It works with over 4,300 authorised dealers and reaches 2 lakh+ retail outlets across India. This network not only moves products efficiently but also allows Polycab to launch and scale new categories faster than many rivals. The same trucks that drop electrical cables to a distributor can also deliver fans, switches, and solar inverters, creating cost efficiencies and increasing shelf space presence. The company has also kept its working capital cycle lean. In Q1, it was just 43 days, helped by efficient collections and inventory management. Sitting on Rs 3,100+ crore of net cash, Polycab can fund expansion from internal resources without taking on heavy debt, a big advantage when scaling both manufacturing and distribution. Polycab's stock has climbed nearly 8x in five years, and at the current price of around Rs 7,000, the company commands a market capitalisation of over Rs 1 lakh crore. On a trailing basis, the stock trades at roughly 45 times earnings, which is a premium to many industrial peers but in line with high-quality consumer electrical names. The market is pricing in sustained double-digit revenue growth and margin stability. The optimism is perhaps not without basis. The domestic wires and cables market is expected to grow at a mid-teens CAGR over the next five years, powered by infrastructure spending, housing demand, and the shift to premium, branded products. On top of that, Polycab's export push has a structural advantage due to favourable US tariffs, while its FMEG business offers a consumer-brand rerating opportunity if it continues to expand margins and scale. Management is also guiding for steady capex under Project Spring, targeting both capacity expansion and deeper penetration in Tier-2 and Tier-3 cities. With over Rs 3,100 crore of net cash and a lean balance sheet, this growth can be funded internally without putting pressure on returns. Still, investors should be aware of the risks. A slowdown in infrastructure or real estate activity could hit cable demand. Raw material price swings, especially in copper and aluminium, can squeeze margins if not passed on quickly. Competition in FMEG is fierce, with established consumer brands fighting for the same shelf space. And on the export side, tariff advantages are policy-driven and could change with trade negotiations. That said, Polycab's track record of execution, market share gains, and balance sheet strength put it in a position to navigate these challenges better than most. If the company can maintain high-teens revenue growth and keep margins in the 13-15% range, the stock's premium multiple may hold. For long-term investors, Polycab remains an interesting mix of a steady infrastructure play with a consumer brand growth kicker. The next few years will show whether this current keeps flowing at the same intensity. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.

Time of India
9 minutes ago
- Time of India
Morning Brief Podcast: Big Money's Mood Swings: Explaining the FII Flight
Morning Brief Podcast (ET Online) Big Money's Mood Swings: Explaining the FII Flight Anirban Chowdhury | 12:49 Min | August 12, 2025, 6:34 AM IST LISTEN 12:49 LISTENING... In this episode, we dive into why foreign investors have been quietly pulling billions out of India's stock markets even as they talk up the country's growth potential. We break down the main drivers: stock prices are high compared to history and other Asian markets, corporate earnings growth has slowed, the rupee has weakened, and economic activity has lost some steam. And then came the curveball hefty U.S. tariffs on Indian exports. This unexpected move has rattled investors already on the edge. While strong domestic inflows from Indian investors have helped steady the market, foreign money still matters, because it's often seen as a measure of global confidence in the economy. Host Anirban Chowdhury with ETs markets editor Nishanth Vasudevan explore the different kinds of foreign investors from 'hot money' chasing short-term opportunities to patient, value-focused funds waiting for the right moment. The question now is: will they return if the market takes a dip, earnings bounce back, or growth accelerates again?


Mint
9 minutes ago
- Mint
Recommended stocks to buy today: Top picks from 3 leading experts for 12 August
India's benchmark equity indices closed higher on Monday, snapping a four-day losing streak. The Nifty 50 gained 0.91% to end just above 24,550, while the BSE Sensex jumped 746 points to settle near 80,604. State Bank of India and Grasim Industries led the gains, each rising around 2.2% on strong quarterly earnings, which lifted sentiment in PSU banks (up ~2%) and supported mid- and small-cap strength. However, volatility lingered amid concerns over potential US tariffs on Indian goods and geopolitical uncertainty ahead of the upcoming Trump-Putin meeting. On to the best stock picks for 12 August, recommended by India's leading market experts. Two stock recommendations by MarketSmith India for 12 August: Why it's recommended: Promising future growth outlook, prudent debt management, competitive positioning within the telecom sector Key metrics: P/E: 61.07, 52-week high: ₹ 2,052.90, volume: ₹25.66 crore Technical analysis: Bounces from its 100-DMA Risk factors: Regional concentration, legal & regulatory overhangs, risk from corporate actions Buy at: ₹ 1,756.20 Target price: ₹ 1,940 in two to three months Stop loss: ₹ 1,690 Why it's recommended: Diversified portfolio and strong order book, international expansion and infrastructure momentum, foray into aerospace and defence engineering Key metrics: P/E: 27.26; 52-week high: ₹3,963; volume: ₹ 665.50 crore Technical analysis: Consumption play Risk factors: Cyclical and margin pressure in E&C, geopolitical and market dependency risks. Buy at: ₹3,650–3,700 Target price: ₹3,900 in two to three months Stop loss: ₹ 3,550 Three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Tuesday, 12 August: Why it's recommended: Nykaa's strong position in the online beauty segment, and the potential for profitability in its fashion division. After a sharp decline, signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in coming sessions. The daily charts indicate that the volume-based rise seen in the last sessions augurs well for the prices ahead of its numbers. Also, earlier in July it shared a business update for the first quarter that suggests stable growth momentum, even as external headwinds weighed on sales events. Key metrics: P/E: 597.27 52-week high: ₹229.90, Volumes: 2.56M. Technical analysis: Support at ₹198, resistance at ₹250. Risk factors: Intensifying competition, changing e-commerce regulations, the volatility of ad spending, potential harm to brand reputation, dependence on India's online market growth Buy at: Current market price of ₹204.09. Target price: ₹225-235 in 1 months. Stop loss: ₹198. Why it's recommended: Eternal shares have been on a tear, and the last few sessions post its Q1FY26 has been moving ahead quite aggressively. Strong volumes that are emerging post the decline clearly indicate a preference to a potential buying opportunity that is fueling some steady upside. As markets continue to indicate a preference and with the momentum indicators too holding the bullish bias we can look for continued upward trajectory in the coming day. Key metrics: P/E: 142.96, 52-week high: ₹314.40, Volumes: 44.94M. Technical analysis: Support at ₹280, resistance at ₹380. Risk factors: Handling sensitive customer and restaurant data, unfair practices, new innovations, risk of negative media coverage if it fails to ensure hygiene standards. Buy at: Current market price and dips to ₹295. Target price: ₹331-343 in 1 months. Stop loss: ₹290. Why it's recommended: The recent reaction into the cloud support region has arrested the fall and the prices are biding time to generate some buying interest. Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent growth in revenue. As market looks to reward new age stocks and a buzzing Quick Commerce space one can look to participate. Key metrics: 52-week high: ₹617, Volume: 9.17M. Technical analysis: Support at ₹370, resistance at ₹450. Risk factors: Ability to continuously grow its offerings, acquire new users, and retain existing ones, potential labour disputes and retaining delivery partners. Buy at: Current market price and dips to 385. Target price: ₹415-425 in 1 month. Stop loss: ₹377. Top 3 stock picks by Ankush Bajaj for 12 August: Why it's recommended: Fortis Healthcare Ltd is showing strong bullish momentum with a daily RSI at 79, indicating sustained strength. MACD is firmly positive at 29, while ADX at 42 reflects a robust trending phase. The stock recently marked a lifetime high and is poised to extend the rally in both near- and short-term horizons. A bullish pennant pattern has formed on lower timeframes, projecting a target of more than ₹955. Pattern: Bullish pennant continuation post lifetime high RSI: 79, indicating strong momentum MACD: Positive at 29 ADX: 42, confirming trend strength Technical analysis: Bullish pennant breakout suggests a continuation towards ₹955 Risk factors: A close below ₹904 would weaken the immediate momentum. Buy at: ₹920.65 Target price: ₹955 Stop loss: ₹904 Why it's recommended: Indian Bank is showing healthy bullish momentum with daily RSI at 67, MACD positive at 5, and ADX at 15, showing a developing trend. On the 45-minute chart the stock has broken multiple consolidation structures, including rectangle and triangle patterns, around the ₹658 level. This zone is now expected to act as a strong support. Pattern: Rectangle and triangle breakout on lower timeframe RSI: 67, indicating bullish bias MACD: Positive at 5 ADX: 15, suggesting potential for trend expansion Technical analysis: Breakout above consolidation patterns targets ₹710. Risk factors: A close below ₹658 would negate the breakout setup. Buy at: ₹674.00 Target price: ₹710 Stop loss: ₹658 Why it's recommended: One97 Communications is maintaining its bullish momentum with daily RSI at 69, MACD strong at 34, and ADX at 46, highlighting a powerful ongoing trend. On the 45-minute chart the stock has broken out from a symmetrical triangle pattern, signalling further upside potential. Pattern: Triangle breakout on lower timeframe RSI: 69, sustaining bullish momentum MACD: Positive at 34 ADX: 46, confirming trend strength Technical analysis: Triangle breakout projects a target towards ₹1,182. Risk factors: A close below ₹1,091 would invalidate the bullish setup. Buy at: ₹1,122 Target price: ₹1,182 MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543). Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.