Showing posts with label child f fluency. Show all posts
Showing posts with label child f fluency. Show all posts

‘Why remove Gandhi’s name?’ Priyanka Gandhi questions Centre’s plan to rename MGNREGA

 

New Delhi: The Centre has set the stage for a sharp political confrontation during the ongoing Winter Session of Parliament by introducing a Bill to repeal the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and replace it with a new rural employment law titled the Viksit Bharat Guarantee For Rozgar And Ajeevika Mission (Gramin), or VB-G RAM G.

The government has issued a whip asking BJP MPs to remain present in Parliament to ensure the Bill’s passage. According to the Centre, the proposed legislation offers a revamped framework aligned with the Viksit Bharat 2047 vision.

From 100 To 125 Days Of Guaranteed Employment

MGNREGA, launched by the UPA government in 2005, guarantees 100 days of wage employment to rural households and has remained a cornerstone of rural welfare for nearly two decades.

The new Bill proposes to increase this statutory guarantee to 125 days of employment per financial year. It also mandates that wages be paid within seven to 15 days of work completion. In cases where payments are delayed beyond the stipulated period, the Bill includes a provision for an unemployment allowance.

Four Categories Of Work, No Jobs During Peak Farm Season

Under the proposed law, work will be classified into four broad categories:

  • Water security
  • Rural infrastructure
  • Livelihood infrastructure
  • Disaster resilience

The Bill specifies that work will not be undertaken during peak agricultural seasons, when rural residents are typically engaged in farming activities.To enhance transparency and accountability, the scheme will rely on biometric authentication, geotagging, and a multi-level grievance redressal mechanism.


Funding Pattern Altered, States To Share Costs

One of the most significant departures from MGNREGA lies in the funding structure. Under the existing scheme, the Centre bears 100 per cent of the wages for unskilled labour, while states contribute towards skilled labour and material costs.

The VB-G RAM G scheme proposes a 60:40 cost-sharing ratio between the Centre and most states. For north-eastern and Himalayan states, the ratio will be 90:10, while Union Territories will receive 100 per cent central funding.

Of the proposed annual expenditure of Rs 1.51 lakh crore, the Centre’s contribution is estimated at Rs 95,692 crore.

Congress Flags Removal Of Mahatma Gandhi’s Name

The proposed repeal has drawn sharp criticism from the Congress, which has questioned both the intent and the symbolism behind removing Mahatma Gandhi’s name from the rural employment law.

Senior Congress leader and MP Priyanka Gandhi Vadra said the move would lead to unnecessary expenditure and questioned the government’s priorities.

“Why are they removing Mahatma Gandhi’s name? He is considered the biggest Indian leader. Whenever such a name changes, a lot of expenditure happens in stationery and paperwork,” she said.

“I don’t understand what the objective is. The Parliament is not functioning. We are not discussing pressing issues; time and public money are being wasted.”

Speaking later in the Parliament House complex, Priyanka Gandhi added, “Whenever the name of a scheme is changed there are so many changes that have to be made in offices, stationery… for which money is spent. So, what is the benefit, why it is being done? Why is Mahatma Gandhi’s name being removed? Mahatma Gandhi is considered the tallest leader not just in the country but in the world.”

‘BJP Had Problem With Nehru, Indira - Now With Bapu’

Congress MP Ranjeet Ranjan accused the BJP of focusing on symbolism instead of strengthening the existing scheme.

“Earlier they had a problem with Jawaharlal Nehru and Indira Gandhi. Now the country is watching that they have a problem with Bapu,” she said.

“Ensure timely payments to states under MGNREGA. Raise 100 days to 150 days and improve the scheme. It is a shame that the government is focused on just changing names.”


Government Defends Overhaul, Cites Rural Transformation

Rural Development Minister Shivraj Singh Chouhan, in the statement of purpose accompanying the Bill, said MGNREGA had played a critical role in providing guaranteed wage employment over the past 20 years.

However, he argued that further strengthening was necessary in light of “significant socio-economic transformation” in rural India, driven by the expansion of social security interventions and saturation-based implementation of major government schemes.

The VB-G RAM G Bill, 2025 has been listed in the Lok Sabha’s supplementary list of business and is expected to be taken up amid continued opposition protests.

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Forced to walk 1.5 km with luggage, 'overstay' rules spark chaos at Bengaluru airport

 

Chaos prevailed at Bengaluru’s Kempegowda International Airport (KIA) on December 14 after Bangalore International Airport Limited (BIAL) rolled out new “overstay” rules at arrival pick-up zones, triggering a wave of passenger complaints, particularly from those arriving at Terminal 1.Several passengers alleged that they were forced to walk nearly 1 to 1.5 km with heavy luggage to reach designated parking areas after private and commercial vehicles were reportedly restricted by authorities. Senior citizens, children and passengers with mobility issues said they were the worst affected.

Also, readBengaluru airport ‘overstay charges’ kick in from today

Social media platform X was flooded with complaints through Sunday, with users calling the arrangements chaotic and poorly planned. Gautam Pradhan wrote that the airport had “designed an obstacle course” at Terminal 1 arrivals and warned that anyone travelling with baggage, children or elderly family members would struggle. Boris D’Souza said passengers were made to drag luggage for nearly a kilometre without trolleys, navigate queues for lifts and deal with a lack of clear directions or staff assistance.Several users said taxi drivers had informed them that passengers would now have to reach distant parking areas such as P4 to board cabs, raising questions about how the system would cope during peak hours. Many flagged the lack of accessibility for senior citizens, with some alleging that even buggy services refused to carry luggage.Bengaluru is probably the only airport in the country where passengers have to use a tolled road to reach it. The airport also lacks Metro connectivity, with the deadline now revised to December 2027.

When contacted, a BIAL spokesperson in a statement said: "At Bengaluru airport, passenger safety and convenience are our top priorities. With daily passenger and vehicle volumes continuing to rise, it became necessary to bring greater discipline and clarity to arrival pick-up areas to prevent congestion, unsafe halts, and confusion at the kerbside," .

"The new pick-up measures are designed to create a safer, smoother, and more predictable experience for passengers. Private vehicles have a dedicated pick-up lane with a generous free time window, while commercial vehicles operate from designated parking and supervised pick-up zones to ensure orderly movement.", it said."These systems are standard practice at leading global airports. This is not about enforcement or revenue generation. Our focus is on behaviour change, safety, and ensuring that pick-up zones remain available for genuine, quick boarding. We are rolling this out with extensive on-ground guidance, signage, and coordination with cab operators," the spokesperson added.


In a video shared on X, a senior citizen said his regular cab driver of 15 years was denied entry and labelled ‘unauthorised’ by airport staff. He said he and his family, returning from a wedding with luggage, were forced to walk more than a kilometre despite his medical condition.

Also, readBengaluru airport sets 8-minute cap for private vehicles at pick-up zones; fines up to Rs 300

While most complaints were from Terminal 1, some passengers arriving at Terminal 2 also reported severe congestion and long delays while exiting parking areas. One user said he was stuck for over an hour in the parking lot, alleging shoddy management and indifferent staff. Others claimed limited availability of taxis late at night was pushing passengers towards more expensive ride options.BIAL began levying an “overstay charge” on private vehicles from December 11 at Terminal 2 and December 13 at Terminal 1. Under the new system, private vehicles are allowed eight minutes of free access at arrival pick-up zones, after which a fee applies. Vehicles that exceed the maximum permitted waiting time risk being towed, along with fines and towing charges. BIAL has said the measures are aimed at streamlining kerbside movement and improving the overall passenger experience.Commercial vehicles, including yellow-board taxis and electric cabs, are required to wait only in designated parking zones, with a short free parking window. Vehicles serving Terminal 1 have been directed to use parking areas such as P3 and P4, while those serving Terminal 2 must use P2.

This is the second attempt by BIAL to introduce such restrictions. In May 2024, strong protests from drivers and passengers, coupled with online backlash, forced the airport operator to suspend a similar plan to levy an entry fee for arrival pick-ups.# Forced to Walk 1.5 km with Luggage: 'Overstay' Rules Spark Chaos at Bengaluru Airport


**December 15, 2025**


Bengaluru's Kempegowda International Airport (KIA), one of India's busiest hubs, has been thrust into controversy once again. Just a day after implementing strict new "overstay" rules at arrival pick-up zones, passengers—especially at Terminal 1—reported widespread chaos, with many forced to drag heavy luggage over distances of 1 to 1.5 km to reach their rides.

### What Are the New Rules?


Operated by Bangalore International Airport Limited (BIAL), KIA introduced measures to curb chronic congestion at the arrival kerbside. Private vehicles (white-plate cars) are allowed free entry to pick-up lanes but limited to **8 minutes** of stay. Overstaying triggers penalties:


- 8–13 minutes: ₹150

- 13–18 minutes: ₹300

- Beyond 18 minutes: Vehicle towed, plus fines and towing charges


Commercial vehicles, including app-based cabs, must wait in designated parking zones (P3/P4 for Terminal 1, P2 for Terminal 2), with the first 10 minutes free.


The rules rolled out on December 11 at Terminal 2 and December 13 at Terminal 1, after a brief delay due to earlier flight disruptions.



BIAL argues the 8-minute window is "significantly higher than international standards" and aims to streamline traffic, enhance safety, and improve the passenger experience. Similar attempts in May 2024 were rolled back amid backlash.


### The Chaos Unfolds


On December 14, the first full day for Terminal 1, complaints flooded social media and news outlets. Passengers arriving at T1 alleged that many private and commercial vehicles were barred from the immediate pick-up area, forcing them to distant parking lots.


Highlights from passenger accounts:


- A senior citizen, returning from a wedding with family and luggage, shared a video claiming his 15-year regular cab driver was denied entry as "unauthorised." Despite his medical condition, they walked over a kilometre.

- Others reported no trolley availability for the long trek, long queues for lifts, and inadequate signage or staff help.

- Families with children, elderly, or heavy bags described it as an "obstacle course."

- Some noted even airport buggies refused to carry luggage.


While T1 bore the brunt, T2 passengers also faced delays exiting parking areas during peaks.

### Why the Backlash?


KIA handles over 1.3 lakh passengers daily and is far from the city center (35+ km), with no direct Metro link yet (expected 2027). Reliable pick-ups are crucial.


Critics argue:


- The restrictions disproportionately affect vulnerable groups: seniors, families, those with mobility issues.

- Poor implementation: Lack of shuttles, trolleys, or clear guidance for the walk to parking.

- Potential surge in unauthorised cabs or higher costs if app cabs relocate farther.


Supporters, including BIAL, say congestion from lingering vehicles creates hazards and delays for everyone. Long-term, disciplined flow could benefit the majority.


### Looking Ahead


As KIA grows (over 41 million passengers last year), infrastructure strains are inevitable. BIAL may need adjustments—like more free shuttles, better accessibility aids, or extended grace periods—to balance efficiency with empathy.



For now, travelers to Bengaluru: Coordinate pick-ups precisely, consider airport buses or pre-booked cabs in designated zones, and allow extra time post-arrival.


This incident underscores a broader challenge for India's booming airports: Scaling operations without compromising passenger dignity.


What do you think—necessary reform or overreach? Share your experiences in the comments!

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How India's Operation Sindoor crushed China's defense industry; Pakistan's lies backfire as countries cancel J-10C orders

 

NEW DELHI: The government on Wednesday detailed how the Indian Air Force (IAF) bypassed Pakistan's China-supplied defence systems to destroy military targets in the country during Operation Sindoor. In a detailed statement, the government also confirmed that Pakistan's foiled attacks on Indian cities and military sites involved Chinese and Turkish-origin weapon systems, including PL-15 missiles and Bayraktar-style drones, all of which were successfully neutralised by Made-in-India defence technologies.The government's detailed press release mentioned that Operation Sindoor underscored not just the precision of India's military action but also its technological self-reliance, marking a milestone in the country’s defence doctrine.“Operation SINDOOR emerged as a calibrated military response to an evolving pattern of asymmetric warfare… India’s response was deliberate, precise, and strategic,” the statement read.**Operation Sindoor** was a limited military operation launched by India in May 2025, in response to a terrorist attack in Pahalgam, Jammu and Kashmir, on April 22, 2025, that killed 26 civilians. India accused Pakistan-based groups like Jaish-e-Mohammed and Lashkar-e-Taiba of orchestrating the attack, which Pakistan denied. The operation involved precision missile and air strikes on nine alleged terrorist infrastructure sites in Pakistan and Pakistan-administered Kashmir, with India emphasizing that no Pakistani military or civilian facilities were initially targeted. The conflict escalated briefly with tit-for-tat retaliations, including drone and artillery exchanges, lasting about five days before a ceasefire.



Claims that Operation Sindoor "crushed" China's defense industry stem primarily from **Indian nationalist media and opinion pieces**, such as a December 2025 Zee News article portraying the operation as exposing failures in Chinese-supplied equipment to Pakistan (e.g., J-10C fighters, HQ-9 air defenses, PL-15 missiles). These sources argue that Indian indigenous systems (like Akash, BrahMos) and Western platforms (Rafale) outperformed Chinese ones, leading to alleged cancellations of J-10C/JF-17 orders by countries like Indonesia, Bangladesh, and Nigeria.


However, these assertions are **highly contested and lack independent verification**:


- During the conflict, **Pakistan claimed its J-10C fighters shot down multiple Indian aircraft, including up to three Rafales**, using PL-15 missiles. These claims were amplified by Pakistani officials and some Chinese media but were dismissed by India as disinformation, with no wreckage or evidence provided by Pakistan.

- Independent sources (e.g., Wikipedia entries, Western analyses) note that Pakistan's downing claims remain **unsubstantiated**, while some reports highlight concerns over Western tech (Rafale) potentially being vulnerable to Chinese systems.

- No credible global reports confirm widespread cancellations of Chinese fighter orders post-conflict. Pakistan continues to operate and integrate J-10CEs, and China's arms exports face ongoing scrutiny but not a documented "collapse" tied directly to this event.



The narrative of Pakistan's "lies backfiring" and damaging China's industry appears rooted in **propaganda from the Indian side**, mirroring Pakistani claims of victories. Both nations engaged in intense information warfare, with satellite imagery and briefings used to support conflicting versions. Neutral observers describe the operation as demonstrating India's willingness to strike deeper into Pakistan but also highlighting risks of escalation, without a clear "crushing" blow to any party's defense sector.


In summary, while the conflict tested Chinese-supplied hardware in real combat—a rare occurrence—the outcomes remain disputed, with no consensus that it devastatingly harmed China's defense exports. Geopolitical rivalries amplified exaggerated claims on both sides.

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ITC Hotels block deal: BAT to offload shares worth nearly Rs 3,000 crore

 DEAL OF THE DAY

British American Tobacco Plc. will offload shares worth nearly Rs 3,000 crore in ITC Hotels Ltd. via large deals on Friday. The company will sell shares at a floor price of Rs 205.65 in the secondary market, according to a termsheet.

BAT affiliates Tobacco Manufacturers (India) Ltd., Myddleton Investment Co. and Rothmans International Enterprises Ltd., intend to sell between 7% and 15.3% of the share capital in ITC Hotels to investors by way of an accelerated bookbuild process, the company said in a regulatory filing.The final number of shares sold will be determined to optimise the overall pricing outcome to the Group, the filing said.

The UK company's direct shareholding of 15.3% in ITC Hotels was a result of the demerger process that was completed by ITC Ltd. earlier this year. The current market value of its equity holding is Rs 6,600 crore.

A direct stake in ITC Hotels is not a strategic holding for BAT, said CEO Tadeu Marroco, adding that the proceeds from this transaction will further support continued progress towards their stated 2026 deleveraging plan.

British American Tobacco held a 22.9% stake in ITC as of September. ITC owns 39.85% in ITC Hotels.

Shares of ITC Hotels settled flat at Rs 207.75 apiece on the BSE, ahead of the announcement, compared to a 0.2% advance in the benchmark Sensex. The stock has risen 21% since listing.# ITC Hotels Block Deal: BAT Offloads Shares Worth Nearly Rs 3,000 Crore – A Strategic Trim or Market Signal?


December 4, 2025**



In a move that's sending ripples through India's hospitality sector, British American Tobacco (BAT) is set to offload a significant chunk of its stake in ITC Hotels Ltd. through block deals today, valued at nearly Rs 3,000 crore. This isn't just another insider shuffle—it's a direct fallout from ITC's high-profile demerger of its hotels arm earlier this year, highlighting how global tobacco giants like BAT are fine-tuning their portfolios amid India's booming tourism rebound. As the Sensex edges higher, ITC Hotels shares held steady, but savvy investors are eyeing this as a potential entry point or liquidity boost for the unlisted-turned-listed player.


The transaction underscores BAT's pivot away from non-core assets, with proceeds earmarked for debt reduction. But what does it mean for ITC Hotels' growth trajectory and shareholder value? Let's dissect the deal, its backstory, and the road ahead in this post-demerger landscape.


### The Deal Decoded: Key Facts at a Glance


BAT, through its affiliates, is executing an accelerated bookbuild in the secondary market, targeting institutional buyers. Here's the breakdown:


| Aspect | Details |

|--------|---------|

| **Seller** | BAT affiliates: Tobacco Manufacturers (India) Ltd., Myddleton Investment Co., and Rothmans International Enterprises Ltd. |

| **Stake Sold** | 7% to 15.3% of ITC Hotels' share capital (final quantum to be finalized post-bookbuild) |

| **Floor Price** | Rs 205.65 per share |

| **Deal Value** | Nearly Rs 3,000 crore |

| **BAT's Pre-Deal Holding** | 15.3% direct stake in ITC Hotels (valued at Rs 6,600 crore at current prices); 22.9% in parent ITC as of September 2025 |

| **ITC's Ownership** | 39.85% in ITC Hotels |

| **Timeline** | Block deals executed today, December 4, 2025 |


This stake originated from ITC's demerger of its hotels business in early 2025, which spun off the subsidiary as a separate listed entity. The move allowed ITC to unlock value in its diversified portfolio, with hotels contributing robust growth amid a 15-20% CAGR in India's hospitality demand.



BAT CEO Tadeu Marroco framed it plainly: "A direct stake in ITC Hotels is not a strategic holding," with the windfall supporting the group's 2026 deleveraging plan. It's a pragmatic exit—BAT retains meaningful exposure via its ITC stake, but sheds the hospitality overhang.


### Backstory: From Demerger to Deal Desk


ITC's hotels demerger, approved in late 2024 and effective early 2025, was a masterstroke for value creation. The business—home to iconic brands like Welcomhotel and Fortune—boasts a pipeline of 6,000+ keys and EBITDA margins north of 30%, outpacing peers in a sector projected to hit $30 billion by 2030. Listing in January 2025, ITC Hotels debuted strong, surging 21% from IPO levels to Rs 207.75 as of today's close.


BAT, ITC's largest shareholder, scooped up the 15.3% allocation pro-rata. But with tobacco regulations tightening globally and India's hospitality pivot accelerating, this block deal feels like housekeeping. It's BAT's second major ITC-related trim this year—recall their Rs 12,900 crore stake sale in ITC itself back in May—signaling a broader portfolio rebalance.


Market reaction? Muted so far. ITC Hotels ended flat at Rs 207.75, a hair below the floor price, while parent ITC dipped marginally 0.5%. Broader sentiment remains bullish, with analysts like Motilal Oswal pegging ITC Hotels at 25x FY27 EV/EBITDA for its asset-light expansion.


### Investor Implications: Opportunity or Caution Flag?


For ITC Hotels, this could be a liquidity jolt—infusing fresh capital from long-only funds hungry for hospitality plays. The sector's tailwinds are undeniable: government tourism push, inbound recovery post-COVID, and urban leisure boom. With occupancy rates at 75%+ and RevPAR up 12% YoY, the company is primed for 20%+ revenue growth.


That said, BAT's exit isn't a vote of no-confidence; it's strategic pruning. Risks linger—execution on new properties, forex volatility for imports, and competition from IHCL or Lemon Tree. For parent ITC, it streamlines focus on FMCG and cigs, potentially juicing ROCE to 35%+.


In the bigger picture, this deal spotlights India's demerger wave: unlocking Rs 50,000+ crore in value across corporates like Reliance and Adani. Promoters offloading post-spin (like BAT here) often precedes reratings—witness Godrej's consumer split last year.


### Actionable Takeaways for Your Watchlist


1. **Track the Bookbuild**: Monitor final pricing and buyer identities post-market close—could reveal FII interest levels.


2. **Entry Strategy**: If shares dip below Rs 200 on any overhang, consider accumulating for 15-20% upside in 12 months, per consensus targets.


3. **Broader Bets**: Pair with sector peers like Indian Hotels (IHCL) for diversification; hospitality ETFs are gaining traction too.


4. **Demerger Radar**: Screen for upcoming spins like Vedanta's—insider sales often signal undervaluation.


As BAT cashes out, ITC Hotels stands taller as a pure-play bet on India's travel renaissance. Is this the spark for a hospitality rally into 2026? Eyes on the tape.



What’s your take—bullish on hotels post-deal? Share in the comments. Until next, trade sharp.


*Disclaimer: This is not financial advice. Always DYOR or consult a pro. Markets involve principal risk.*

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3 'buy' recommendations by Motilal Oswal, with up to 18% upside potential

 LOOT OFFER

The brokerage house Motilal Oswal has turned positive on three large companies across steel, pharmaceuticals and ports. The brokerage has projected an upside of up to 18% in select stocks. According to the brokerage report, each of these firms are entering a phase where restructuring, new growth avenues or improving demand trends could support healthier financial performance over the next two to three years.

Motilal Oswal on JSW Steel

The brokerage house has given a ‘Buy’ rating with a target price of Rs 1,350 to JSW Steel. This implyies an upside potential of around 18% from current levels. The brokerage believes that the ongoing restructuring, including the joint venture related to Bhushan Power & Steel (BPSL), could unlock significant value for the company.

Motilal Oswal noted that this restructuring will help JSW Steel “monetize a significant portion of the value created through the turnaround of BPSL” and also strengthen the balance sheet by reducing debt.

The brokerage also pointed out that Japanese steelmaker JFE Steel Corporation already owns around 15% in JSW Steel, and the promoter shareholding is set to increase slightly after the planned changes.The report also highlighted the improving fundamentals, with expectations of double-digit revenue growth in financial years 2026-2027 due to new capacity ramp-up and a recovery in steel prices.

Furthermore, the brokerage house added that the company’s net debt-to-EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) ratio could fall sharply to 1.7 times by FY27.

Motilal Oswal on Aurobindo Pharma

The brokerage has also issued a ‘Buy’ call on Aurobindo Pharma with a target price of Rs 1,430. This suggests an upside potential of around 18%. According to the brokerage report, the company’s diversification strategy across Europe, biosimilars and contract manufacturing is creating new revenue streams. It added that European sales are rising, capacity expansion in China is ongoing, and the company’s biologics business continues to scale through its partnership with Merck Sharp & Dohme (MSD).Motilal Oswal expects steady growth in injectables, new product filings and acquisitions, while the integration of Lannett is also seen as a positive contributor. The report retained the company’s quote that its growth outlook is supported by “accelerated scale-up of the Pen-G/6-APA complex toward full utilization” and an expanding biosimilars pipeline across Europe and the United States.

The brokerage has projected a compounded annual growth rate (CAGR) of 9% in revenue, 14% in EBITDA, and 21% in profit after tax for the financial years 2026 to 2028.

Motilal Oswal on Adani Ports and Special Economic Zone

Motilal Oswal has also maintained a ‘Buy’ rating on Adani Ports and Special Economic Zone (APSEZ) with a target price of Rs 1,770. This translates to a potential upside of around 16%. According to the brokerage report, the company’s cargo profile is becoming more diversified as coal volumes gradually shrink while container and coastal cargo rise.The report highlighted that the logistics arm, Adani Logistics, is expanding rapidly, backed by container trains, inland container depots, warehouses and grain silos. The brokerage reiterated APSEZ’s quote that the company aims to offer “shore-to-door solutions” through an integrated logistics model.

It added that strong cash flows, planned port expansions and overseas acquisitions provide visibility for steady growth in the coming years. Motilal Oswal expects cargo volumes to grow around 8% over financial years 2025 to 2028, supporting a double-digit rise in revenue, EBITDA and profit.# 3 'Buy' Recommendations by Motilal Oswal, with Up to 18% Upside Potential



**By Grok, xAI's Financial Insight Engine | December 4, 2025**


As India's stock market navigates through festive highs and global uncertainties in late 2025, brokerage firms like Motilal Oswal are zeroing in on resilient large-caps with tangible growth catalysts. In a fresh note, Motilal Oswal has slapped 'Buy' ratings on three heavyweights—JSW Steel, Aurobindo Pharma, and Adani Ports—flagging upside potentials of up to 18%. These picks span steel, pharma, and infrastructure, offering a diversified bet on India's industrial revival and export boom.


This isn't scattershot advice; it's rooted in structural tailwinds like debt restructuring, policy incentives, and volume expansions. With the Nifty hovering near 25,000 amid rate-cut hopes, these recommendations could be timely anchors for portfolios eyeing 10-20% returns in the next 12 months. Let's unpack why these stocks are on Motilal Oswal's radar and what the numbers say.


### Why These Metrics Scream 'Opportunity' in 2025


Before the specifics, a quick primer on what makes these calls compelling:


- **'Buy' Rating with Modest Upside**: Targets implying 16-18% gains suggest low-risk entries, ideal for conservative investors. No moonshots here—just steady compounding backed by fundamentals.


- **Sector Tailwinds**: Steel benefits from capex cycles, pharma from PLI schemes, and ports from logistics push. India's FY26 GDP growth forecast of 6.8% (per RBI) amplifies these plays.


- **Valuation Comfort**: Trading at reasonable multiples (e.g., 15x FY28 EV/EBITDA for ports), these aren't frothy bets.


Motilal Oswal's analysis highlights how these firms are leveraging operational efficiencies and strategic moves to outpace peers, potentially delivering double-digit earnings growth through FY28.


### The Three Stocks: Targets, Upsides, and Bull Cases



Here's the breakdown, straight from Motilal Oswal's playbook. Current prices are as of market close on December 3, 2025.


| Stock | Sector | Current Price (Rs) | Target Price (Rs) | Upside Potential | Key Reasons for 'Buy' |

|-------|--------|---------------------|-------------------|------------------|-----------------------|

| JSW Steel | Steel | 1,144 | 1,350 | 18% | Restructuring of Bhushan Power & Steel (BPSL) via JV with JFE Steel to unlock value and slash debt by Rs 35,000 crore; supports deleveraging and capex for 20%+ volume growth. |

| Aurobindo Pharma | Pharmaceuticals | 1,208 | 1,430 | 18% | Scaling Pen-G/6-APA production with Rs 35bn investments under PLI scheme for beta-lactam self-sufficiency; highest US generics sales among peers, plus biosimilars ramp-up for FY26-28 earnings surge. |

| Adani Ports & SEZ | Infrastructure | 1,531 | 1,770 | 16% | 8% cargo volume CAGR through FY28 driving double-digit revenue/EBITDA growth; 28.1% market share, Rs 130bn cash pile, and 1.8x net debt/EBITDA for logistics expansion. |


These aren't isolated calls—Motilal Oswal sees JSW Steel's BPSL pivot as a balance-sheet booster, Aurobindo's API push aligning with 'Make in India', and Adani Ports riding the wave of coastal shipping and privatization.


For JSW Steel, the JV isn't just paperwork; it's set to infuse Rs 24,400 crore by March 2026, freeing up capital for green steel initiatives amid global EV demand. Aurobindo, meanwhile, eyes the $90bn US biosimilars pie by 2034, with its ANDA approvals giving it an edge over rivals. Adani Ports' integrated model—ports plus marine services—positions it for 2-3x industry growth, outpacing the 4-7% sector CAGR.


### Investor Implications in a Choppy Market


With FII outflows pressuring mid-caps, these large-cap 'Buys' offer stability. Similar picks have historically outperformed: Adani Ports is up 45% YTD, while Aurobindo has doubled from 2024 lows. Risks include raw material volatility (steel) and regulatory hurdles (pharma), but Motilal Oswal's 15x EV/EBITDA lens keeps valuations grounded.


In broader context, these align with Motilal Oswal's FY26 optimism: Nifty targets of 28,000, fueled by capex and consumption.


### Actionable Steps for Your Portfolio



1. **Entry Points**: Accumulate on dips—JSW below Rs 1,100, Aurobindo under Rs 1,200, Adani Ports near Rs 1,500.


2. **Monitor Catalysts**: Watch BPSL approvals (JSW), PLI disbursals (Aurobindo), and Q3 cargo data (Adani).


3. **Diversify Smartly**: Allocate 5-10% per stock; pair with defensives like ITC for balance.


Dive into Motilal Oswal's full reports for DCF models and peer comps. As 2025 wraps, these could be your edge in a year of selective rallies.


Thoughts? Spotted other broker gems? Share below. Invest wisely—the market favors the informed.


*Disclaimer: This is not financial advice. Conduct your own due diligence or consult an advisor. Markets carry risks of loss.*

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  The Indian equity markets are in a phase where optimism and caution are moving together. The key question on everyone’s mind is where are ...

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