Indian markets opened lower on Wednesday after a sharp two-day rally, with mixed sectoral trends. Nifty PSU Bank gained 1%, while IT and Pharma slipped. IREDA surged 6.5% on strong Q4 earnings. FPIs turned net buyers after nine sessions, investing Rs 6,066 crore. Retail inflation dropped to a 5-year low, boosting hopes of RBI rate cuts.

Rajiv Jain-led GQG Partners has significantly increased its stake in five Adani Group companies, signaling strong confidence despite a past US bribery scandal. This aggressive accumulation occurred during the March quarter, even as Adani stocks faced challenges from Trump s tariffs. The comeback coincides with easing concerns over the bribery allegations and rising domestic investor interest.

Analysts predict substantial gains for several Nifty 500 stocks over the next year. Raymond, Sterling and Wilson Renewable Energy, and Bombay Burmah are among the top picks, with potential upsides ranging from 75% to 155%. Siemens and Sonata Software also show promising growth, according to analyst estimates and ratings.

So, next 80 days we should focus only on the micros and look at companies on a bottom-up basis and then see if there are any good investment ideas or maybe do some rebalancing or reshuffling based on what comes out from the management and what the actual numbers are out for the Q4 FY25.

ICICI Securities maintains a buy call on Archean Chemical Industries, setting a target price of Rs 675. The brokerage anticipates substantial revenue growth, projecting a 39% CAGR to Rs 20 billion by FY27, driven by increased bromine derivative and salt volumes. Undemanding valuations and strong financial forecasts support the positive outlook, despite potential risks like bromine demand weakness.

In Wednesday s trading session, five stocks witnessed fresh long positions.

Infosys is expected to report a 1% QoQ revenue decline in constant currency for Q4, reflecting seasonal weakness and lower third-party sales. However, YoY revenue may rise 10%, though profit estimates vary widely—from a 10% gain to a 19% drop. Analysts remain divided, with mixed views on PAT growth amid cautious sentiment.

Shares of JBM Auto and Olectra Greentech surged up to 11% after reports said the Centre will launch a tender in May 2025 to procure 10,000 e-buses under the PM E-DRIVE Scheme. The Rs 3,000 crore subsidy plan, capped at Rs 35 lakh per bus, boosted sentiment. Analysts see up to 42% upside in JBM Auto and 18% in Olectra.

Stocks such as Torrent Power, Bharat Heavy Electricals (BHEL), Power Grid Corporation, and NHPC have posted strong double-digit gains ranging from 10% to 26% over the past month, outpacing both the sectoral BSE Power index and the broader BSE Sensex. In comparison, the BSE Power index rose 8%, while the Sensex added 4% during the same period.