Brokerages offer mixed views on Indian stocks. HSBC is bullish on GAIL, Jefferies on Kfin Tech, and Kotak on Swiggy. Citigroup, however, rates Laurus Laboratories a sell. Goldman Sachs maintains a neutral stance on Jubilant Foodworks, citing growth potential and margin expansion opportunities.
Finance Minister Nirmala Sitharaman introduced two bills to levy excise duty on tobacco products and a health and national security cess on pan masala, following the withdrawal of GST compensation cess. These measures aim to maintain high taxation on ‘sin goods’ and fund public health and national security initiatives.
Indian auto sales surged in November 2025, with Maruti Suzuki achieving record figures driven by strong domestic demand and exports. Hyundai and Tata Motors also reported significant year-on-year growth, boosted by GST reforms and increasing EV adoption. Toyota Kirloskar Motor continued its upward trend, showcasing the industry’s robust recovery.
