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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  Estd 2006 Corporate Strategy  |  AI Pivot & Power Infrastructure Reliance Power's AI Pivot (₹25.10): Rebranding, ₹9,000 Cr Capital, and a Policy Tailwind Arriving Right on Cue Four renamed subsidiaries. A ₹9,000 crore fundraise. And a state government simultaneously building the exact demand this pivot is betting on. On June 30, 2026, Reliance Power quietly filed one of the more consequential corporate-identity shifts in the Indian power sector this year. Four of its subsidiaries were renamed Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C — and the company formally added artificial intelligence and technology-enabled services to its business objects. This was not a data-centre announcement or a customer contract. It was...
Engineers India Ltd: Buy
CMP: Rs.177
Target: Rs.185
Period: 7 days

Engineers India Ltd., Navratna public-sector undertaking, will announce its financial results on May 23 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to rise to Rs.91 crore at 46.1% Q-o-Q; however, it is likely to fall 16.7% Y-o-Y.

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.429 crore at 16.5% Q-o-Q; however, the same is likely to fall 12.2%,Y-o-Y.

Operating profit margin is likely to come in at 17.5%, with a Q-o-Q rise of 700 bps and 178 bps on a Y-o-Y basis. Not bad results at all. 

Moreover, the daily candle stick chart is giving some indication of the scrip bottoming out. In such circumstances it would be prudent to take position in the share of Engineers India Ltd at the CMP of Rs.177, for a short term target of Rs.185. SL--Rs.175 (strict). 

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