Business
PSU rally shows momentum, but strategic picks remain in defence and power: Dharmesh Kant
A sharp move in Engineers India has been one of the talking points, with the stock posting strong gains over consecutive sessions. Market expert Dharmesh Kant from Cholamandalam Securities noted that the recent action appears more technical than fundamental.
“This is just some MNC brokerage report and some buying. Small buying can spurt the stock price and there are no sellers. We are not interested in the space because exploration and production of oil and gas is headed for a sunset over the next 10-15 years. Trades can happen in between, but long-term traction cannot be built on yesterday’s stock price action.”
Defence Emerges as a Preferred PSU Theme
Defence remains a standout theme for long-term investors. Kant highlighted that execution concerns are overstated, given robust order books and improving delivery timelines.
“The only space which looks attractive to me is defence. Execution issues are not a problem. Hindustan Aeronautics has a robust order book, and Q3 numbers exceeded expectations. Over the next two-three years, these companies will surprise on execution and margins. HAL could post 32-33% operating margin with 15-20% revenue and PAT growth. Defence is a play we like. Power is another—projects are commissioning and FY27 PAT growth could be 30-33%.”
Order Books Seen as Strength
Large defence order books provide predictable revenue streams. Kant explained:
“Order books are given by the Government of India and ensure better revenue and profitability. BEL’s PAT grew 20% this quarter. Execution cannot exceed 15-17% in any capital goods company, and they are delivering. Concerns about large order books are misplaced.”
IT: Tactical Opportunity, Structural Concerns
On the technology front, short-term trading opportunities exist, but structural growth challenges remain:
“Indian IT companies’ contribution in Nifty 50 earnings dropped from 22% in FY20 to 11% in FY25. Growth has lagged due to multiple factors. There could be a bounce in the next two to four months as Q3/Q4 numbers come in, but from a long-term perspective, we do not recommend IT stocks.”
The Bottom Line
Investors are urged to differentiate between tactical momentum and structural opportunity. Defence and power offer visibility backed by policy and execution, oil and gas exploration faces headwinds, and IT presents short-term trading potential but long-term uncertainty.
Business
Showcasing the importance of design
Perth Design Week has grown to become a highlight on the city’s arts calendar.
Business
Oil extends gains as Middle East conflict threatens export facilities

Oil extends gains as Middle East conflict threatens export facilities
Business
Micron completes acquisition of PSMC facility in Taiwan

Micron completes acquisition of PSMC facility in Taiwan
Business
Australia’s Syrah, Tesla extend deadline to resolve alleged default in graphite supply deal

Australia’s Syrah, Tesla extend deadline to resolve alleged default in graphite supply deal
Business
Costco recalls meatloaf meal kits in 26 states over Salmonella risk
Check out what’s clicking on FoxBusiness.com.
Costco issued a recall notice over the weekend for its popular ready-to-eat meatloaf meal kit, impacting warehouse locations in at least 26 states.
The “Meatloaf with Mashed Yukon Potatoes and Glaze” was flagged for potential Salmonella contamination after an ingredient supplier raised concerns.
“An ingredient supplier, Griffith Foods Inc., has announced the recall of an ingredient used in the Meatloaf because the ingredient has the potential to be contaminated with Salmonella,” the recall notice said.
Headquartered just outside Chicago, Griffith Foods is a global, family-owned food ingredient manufacturer. The Costco recall notice did not specify which ingredient was linked to the potential contamination.
COSTCO SUED BY CUSTOMER SEEKING REFUNDS FOR TARIFF PAYMENTS

Costco issued a recall notice over the weekend for the “Meatloaf with Mashed Yukon Potatoes and Glaze.” (Costco / Fox News)
The meal, product #30783, was sold between March 2 and March 13, just days before the Salmonella concern emerged. The items had sell-by dates from March 5 through March 16.
Costco locations across 26 states, as well as the District of Columbia and Puerto Rico, were affected by the recall. The states include Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Mississippi, Missouri, Nevada, New Mexico, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Wisconsin.
GM RECALLS 17K VEHICLES OVER REAR TOE LINK FRACTURE THAT COULD LEAD TO CRASHES

An employee, left, works in the deli department at a Costco Wholesale Corp. store in Miami, Florida, U.S., on Monday, Dec. 5, 2016. (Scott McIntyre/Bloomberg via Getty Images / Getty Images)
The retail giant urged customers not to consume the product and advised that the affected item could be returned to their local Costco for a full refund.
No illnesses or injuries have been reported in connection with the item, Costco added.

Costco employees in the deli department prepare food at a Costco store in Napa, California, US, on Monday, Sept. 22, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COST | COSTCO WHOLESALE CORP. | 1,008.43 | +5.11 | +0.51% |
According to the CDC, Salmonella infection is a leading cause of foodborne illness in the United States. It is a bacterium that can cause serious and sometimes life-threatening infections, particularly in young children, the elderly and individuals with weakened immune systems.
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Infections commonly cause diarrhea, fever, and stomach cramps, which typically appear between six hours and six days after exposure.
Most healthy individuals, however, recover within four to seven days, often without specific medical treatment.
Business
PM to set out support plan for heating oil costs
Households have faced a sharp rise in the cost of heating oil since the outbreak of the US-Israeli war with Iran.
Business
Perseus Mining to sell Sudan gold project for $260 million

Perseus Mining to sell Sudan gold project for $260 million
Business
Home Product Center Public Company Limited (HPCRF) Presents at Opportunity Day Quarter 4/ FY 2025 – Slideshow (OTCMKTS:HPCRF) 2026-03-15
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
US oil CEOs warn Trump administration that energy crisis likely to worsen, WSJ reports

US oil CEOs warn Trump administration that energy crisis likely to worsen, WSJ reports
Business
Thai Government Shuts Down More Than 437,000 Illegal Websites in Major Crackdown
The government blocked over 437,000 illegal URLs in five months, primarily targeting online gambling. Enhanced enforcement measures include AI detection and expedited service provider notifications to combat digital crime.
Key Points
- The government has blocked over 437,000 illegal website URLs in five months to combat online crime, primarily targeting online gambling. A total of 437,473 URLs were removed from October 1, 2025, to February 28, 2026.
- In February alone, 132,842 links were blocked on social media and websites. Online gambling dominated this action, with 362,482 URLs affected, alongside sites related to e-cigarettes, alcohol, cannabis, firearms, prostitution, scams, misinformation, hate speech, and pornography.
- The Ministry of Digital Economy and Society is using artificial intelligence to detect illegal online activities. This technology aids in supporting court-ordered suspensions and enables swift communication with internet service providers to ensure effective blocking of harmful websites.
The government has reportedly blocked more than 437,000 illegal website URLs over the past five months as part of expanded efforts to combat online crime. Authorities said most of the blocked sites were linked to online gambling activities.
Deputy Government Spokesperson Lalida Persvivatana said the Ministry of Digital Economy and Society carried out the enforcement between October 1, 2025, and February 28, 2026, removing a total of 437,473 illegal URLs. In February alone, authorities blocked 132,842 links across social media platforms and websites.
Online gambling accounted for the largest share, with 362,482 blocked URLs. Other categories included content related to electronic cigarettes, alcohol advertising, cannabis sales, firearms, and prostitution. Authorities also blocked additional sites linked to scams, misinformation, hate speech, and pornographic material.
The ministry has deployed artificial intelligence systems to detect and analyze illegal online activities before forwarding information to enforcement platforms that support court-ordered website suspensions. Additional tools enable authorities to quickly send orders to internet service providers and verify that blocked websites remain inaccessible, thereby boosting efforts to reduce illegal digital activities and online crime.
Source : Thai Government Blocks Over 437,000 Illegal Websites in Crackdown
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