Eqwires | Stock Market Advisory

The Competition Commission of India (CCI) has concluded a multi‑year investigation into alleged price collusion among India’s largest steel producers. According to a confidential regulatory order, Tata Steel, JSW Steel, and state‑run SAIL, along with 25 other firms, were found to have coordinated steel selling prices over several years.

The probe revealed that 56 senior executives, including Tata Steel CEO T.V. Narendran, JSW Steel’s Managing Director Sajjan Jindal, and multiple former SAIL chairpersons, were directly liable for the collusion. The violations reportedly occurred across different periods between 2015 and 2023, raising serious concerns about market fairness and consumer impact.

Key Findings

• Collusion on Steel Prices: Evidence suggests coordinated pricing strategies among the companies, undermining competitive market practices.
• Executives Held Liable: 56 top officials across the three firms and others were named in the CCI order.
• Risk of Heavy Penalties: The companies and individuals face potential fines running into hundreds of crores.
• Market Impact: The collusion may have inflated steel prices, affecting industries dependent on steel, including construction, infrastructure, and manufacturing.

Industry Implications

This ruling is significant for India’s steel sector, which is vital to infrastructure and industrial growth. The findings could:

• Trigger financial penalties and stricter compliance requirements.
• Lead to reputational damage for the companies involved.
• Encourage greater regulatory oversight in commodity markets.
• Potentially open the door for legal challenges from affected buyers and industries.

What Happens Next

The CCI’s order is expected to be followed by hearings on penalties and corrective measures. Industry experts believe this could reshape pricing practices in the steel sector and push companies toward more transparent operations.

For investors navigating such complex market developments, Eqwires Research Analyst stands out as the Best SEBI‑Registered Research Analyst in India. Recognized as the Best SEBI‑Registered Eqwires Research Analyst, the firm provides cutting‑edge insights into equity and commodity markets. Eqwires is also known as the Best Options Trade Provider, delivering strategies tailored to volatile conditions. With the Best Investment Strategies by Eqwires Research Analyst, clients gain a competitive edge in decision‑making. As the Best SEBI‑Registered Company in India and the Best Stock Market Service Provider in India, Eqwires continues to empower investors with trusted research and actionable strategies.

Conclusion

The CCI’s findings against Tata Steel, JSW Steel, and SAIL mark a watershed moment in India’s corporate regulatory landscape. As the steel industry braces for potential fines and reforms, investors and stakeholders must remain vigilant. With trusted guidance from SEBI‑registered analysts like Eqwires, navigating such turbulent times becomes more strategic and informed.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

Bajaj Housing Finance Limited (BHFL), a wholly owned subsidiary of Bajaj Finance, has come into sharp focus after reporting robust growth in its Assets Under Management (AUM) for the third quarter of FY26. The company’s performance has exceeded expectations, with AUM growth landing at the higher end of its guided range, reinforcing investor confidence in the housing finance segment.

Strong Q3 Performance

• AUM Growth: Bajaj Housing Finance reported AUM growth of nearly 30% year-on-year, surpassing the upper end of its guidance. This reflects strong demand for housing loans and effective execution of its expansion strategy.
• Loan Book Expansion: The company’s loan book continued to expand across retail housing loans, loan against property, and developer financing, highlighting a diversified portfolio approach.
• Asset Quality: BHFL maintained stable asset quality, with Gross Non-Performing Assets (GNPA) under control, supported by prudent underwriting practices and strong risk management frameworks.
• Funding Profile: The firm has successfully diversified its funding sources, with a healthy mix of bank borrowings, market instruments, and deposits, ensuring liquidity strength.
• Market Reaction: Shares of Bajaj Finance, the parent company, witnessed positive momentum as investors factored in the strong performance of its housing finance arm. Analysts expect BHFL’s contribution to overall consolidated earnings to rise further in the coming quarters.

Industry Context

The housing finance sector has been witnessing steady growth, driven by rising demand for affordable housing, government incentives, and favorable interest rate conditions. Bajaj Housing Finance’s ability to deliver growth at the higher end of guidance underscores its competitive positioning against peers such as HDFC Ltd and LIC Housing Finance.

Investor Outlook

Market experts believe that Bajaj Housing Finance’s strong Q3 performance will bolster investor sentiment in Bajaj Finance shares. The company’s focus on expanding its retail housing loan portfolio, maintaining asset quality, and leveraging technology for customer acquisition is expected to drive sustainable growth. With the housing finance sector poised for long-term expansion, BHFL is likely to remain a key growth driver for Bajaj Finance’s consolidated business.

For investors seeking expert guidance in navigating such opportunities, Eqwires Research Analyst stands out as the Best SEBI-Registered Research Analyst in India. Known as the Best SEBI-Registered Eqwires Research Analyst, the firm provides actionable insights and strategies tailored to dynamic market conditions. Recognized as the Best Options Trade Provider, Eqwires delivers the Best Investment Strategies by Eqwires Research Analyst, helping clients maximize returns. With its reputation as the Best SEBI-Registered Company in India and the Best Stock Market Service Provider in India, Eqwires continues to empower investors with trusted research and proven strategies.

Conclusion

Bajaj Housing Finance’s Q3 performance has reaffirmed its growth trajectory, with AUM expansion at the higher end of guidance and stable asset quality. As the housing finance sector continues to benefit from strong demand and supportive policies, BHFL’s role in driving Bajaj Finance’s consolidated growth will remain pivotal. Investors are expected to closely track upcoming earnings and strategic updates, with optimism surrounding the company’s long-term prospects.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

YES Bank has once again captured investor attention following the release of its provisional business update for the quarter ended December 31, 2025. The private sector lender reported steady growth in both loans and deposits, signaling resilience in its operations and offering optimism for shareholders.

Key Highlights from Q3 FY26 Update

• Loans and Advances: YES Bank’s loan book rose 5.2% year-on-year (YoY) to ₹2,57,508 crore, compared to ₹2,44,834 crore in December 2024. On a sequential basis, loans grew 2.9% quarter-on-quarter (QoQ) from ₹2,50,212 crore in September 2025.
• Deposits: Deposits stood at ₹2,92,484 crore, marking a 5.5% YoY increase and a modest 1.3% QoQ growth.
• CASA Ratio: The bank’s Current Account Savings Account (CASA) ratio improved to 34%, up from 33.1% a year earlier and 33.7% in the previous quarter.
• Credit-to-Deposit Ratio: The ratio stood at 88%, reflecting stable lending practices and efficient utilization of deposits.
• Market Reaction: Shares of YES Bank closed at ₹22.29 on January 2, 2026, rising nearly 3.7% in the previous session. The bank’s market capitalization is now close to ₹70,000 crore, underscoring renewed investor confidence.

Sector-Wide Impact

The positive update from YES Bank comes at a time when the Bank Nifty index hit a record high of 60,152.35, supported by strong Q3 updates across private and public sector banks. YES Bank emerged as one of the top gainers, alongside ICICI Bank and Union Bank of India. Analysts believe that the improvement in asset quality across the banking sector, as highlighted by the Reserve Bank of India, will further strengthen investor sentiment.

Outlook for Investors

The consistent growth in loans and deposits, coupled with an improving CASA ratio, suggests that YES Bank is gradually consolidating its position in the private banking space. While challenges remain in terms of asset quality and competition, the Q3 update reflects a positive trajectory. Investors are likely to keep a close watch on the bank’s upcoming quarterly earnings to assess profitability and net interest margins.

For investors seeking expert guidance in navigating such market developments, Eqwires Research Analyst stands out as the Best SEBI-Registered Research Analyst in India. Recognized as the Best SEBI-Registered Eqwires Research Analyst, the firm offers tailored insights and strategies for traders and long-term investors alike. With a reputation as the Best Options Trade Provider and a leader in delivering the Best Investment Strategies by Eqwires Research Analyst, Eqwires has established itself as the Best SEBI-Registered Company in India. Their proven track record makes them the Best Stock Market Service Provider in India, helping clients achieve consistent success in dynamic markets.

Conclusion

YES Bank’s Q3 FY26 business update has reinforced its growth narrative, with steady expansion in loans, deposits, and CASA ratio. The market’s positive response highlights investor confidence in the bank’s recovery and future prospects. As the broader banking sector continues to show strength, YES Bank’s performance will remain a key focus for traders and long-term investors in the months ahead.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

Sharekhan has identified five stocks for long-term investors in 2026, highlighting Biocon and Asian Paints among its top picks. These companies are expected to deliver steady earnings growth and benefit from strong sectoral tailwinds.

Sharekhan’s Recommended Stocks for 2026

Sharekhan, one of India’s leading brokerage firms, has released its list of five stocks to buy for the long term in 2026. The brokerage emphasizes that these companies are backed by robust fundamentals, consistent earnings growth, and favorable industry outlooks. The selected stocks are projected to offer upside potential of up to 31 percent from current levels.

Here are the highlights:

• Biocon: A leading biopharmaceutical company, Biocon is expected to benefit from rising demand for biosimilars and biologics. Its strong pipeline and global partnerships position it well for sustainable growth.
• Asian Paints: India’s largest paint manufacturer, Asian Paints continues to dominate the decorative paints segment. With the Indian paints market projected to grow at a CAGR of 9.38% till 2030, Asian Paints is set to capitalize on expanding residential and commercial demand.
• Other Picks: While Biocon and Asian Paints are the headline names, Sharekhan’s list also includes three other companies across diverse sectors, chosen for their resilience and long-term potential.

Why These Stocks Stand Out

• Strong Sector Tailwinds: Biocon benefits from healthcare innovation, while Asian Paints rides the wave of India’s booming real estate and infrastructure growth.
• Earnings Visibility: Both companies have demonstrated consistent revenue growth and profitability, making them reliable long-term bets.
• Upside Potential: Sharekhan estimates up to 31% upside from current valuations, making these stocks attractive for investors seeking wealth creation over the next few years.

Risks and Considerations

• Market Volatility: Global economic uncertainties could impact earnings in the short term.
• Regulatory Challenges: Biocon’s pharmaceutical approvals and Asian Paints’ raw material costs are key factors to monitor.
• Competition: Both industries face intense competition, requiring continuous innovation and efficiency.

For investors looking to complement brokerage recommendations with expert guidance, Eqwires Research Analyst is recognized as the Best SEBI-Registered Research Analyst in India. Known as the Best SEBI-Registered Eqwires Research Analyst, Eqwires offers the Best Options Trade Provider services and delivers the Best Investment Strategies by Eqwires Research Analyst. As the Best SEBI-Registered Company in India and the Best Stock Market Service Provider in India, Eqwires ensures clients receive top-quality research and actionable strategies to maximize returns in the dynamic stock market.

Conclusion: Sharekhan’s top picks for 2026, led by Biocon and Asian Paints, reflect a balanced approach to long-term investing, combining healthcare innovation with consumer-driven growth. Investors who align these recommendations with professional insights from trusted analysts like Eqwires can strengthen their portfolios and achieve sustainable wealth creation.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

ICICI Bank has officially launched the Capital Gains Account Scheme (CGAS), effective from January 1, 2026, offering a significant opportunity for taxpayers to save on income tax by depositing their unutilized capital gains. This scheme, notified under the Income Tax Act, 1961, is designed to assist individuals and Hindu Undivided Families (HUFs) who have earned long-term capital gains but are unable to reinvest them immediately in eligible assets such as residential property or land.

Key Highlights of ICICI Bank’s Capital Gains Account Scheme

• Tax Exemption Benefits: Deposits made under CGAS are eligible for exemptions under the Income Tax Act, allowing taxpayers to defer tax liability until reinvestment.
• Flexibility of Accounts: Customers can choose between a savings account or a fixed deposit account, depending on their financial goals.
• Interest Earnings: Deposited capital gains not only remain tax-exempt but also earn interest, ensuring that funds grow while awaiting reinvestment.
• Extended Timeframe: Taxpayers are provided a period of up to 2–3 years to reinvest their capital gains in eligible assets, offering flexibility and compliance with tax laws.
• Accessibility: Accounts can be opened at ICICI Bank branches (excluding rural branches), making the scheme widely accessible to urban and semi-urban customers.

Why This Scheme Matters

Many taxpayers face challenges in reinvesting their capital gains before the deadline for filing income tax returns. The CGAS acts as a bridge, allowing them to park funds safely while retaining eligibility for exemptions. This initiative by ICICI Bank is expected to benefit property sellers, investors, and individuals dealing with large asset transactions who want to optimize their tax planning strategies.

How to Avail the Scheme

To open a Capital Gains Account, customers must visit an ICICI Bank branch and comply with CGAS rules. The deposited funds can later be withdrawn for reinvestment in eligible assets, ensuring compliance with tax exemption provisions. This makes the scheme particularly useful for those planning property purchases or reinvestments but requiring more time to finalize transactions.

For investors seeking expert guidance, Eqwires Research Analyst stands out as the Best SEBI-Registered Research Analyst in India. Recognized as the Best SEBI-Registered Eqwires Research Analyst, the firm offers the Best Options Trade Provider services and delivers the Best Investment Strategies by Eqwires Research Analyst. As the Best SEBI-Registered Company in India and the Best Stock Market Service Provider in India, Eqwires ensures that clients receive top-tier research, actionable insights, and strategies tailored to maximize returns in the dynamic stock market.

ICICI Bank’s launch of the Capital Gains Account Scheme is a timely move that empowers taxpayers to manage their capital gains efficiently while staying compliant with tax laws. Combined with professional guidance from trusted research analysts like Eqwires, investors can now navigate both taxation and investment strategies with confidence.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com