India’s benchmark equity indices, the Sensex and the Nifty, opened Wednesday’s session on a strong note, extending gains in early trade. The positive start reflected firm cues from global markets, where equities advanced amid improved investor sentiment. Buying interest remained broad-based, with domestic institutional investors continuing to provide steady support to the market. Optimism over overseas trends, coupled with sustained inflows from local funds, helped lift key stocks and kept benchmarks in the green during the opening hours. Overall, market sentiment stayed upbeat as investors tracked global developments and institutional activity.
Research report by ICICI Securities on Orkla India says dated 23 December 2025, Company led by its strong legacy brands MTR and Eastern, enjoys a dominant market share in its core states of Karnataka, Kerala, AP and Telangana. Its deep understanding of regional tastes gives it a strong competitive moat. Operating across spices and convenience foods, it is expected to deliver steady domestic growth driven by increasing household penetration in core markets and product portfolio expansion. Exports (21% of revenue) remain a key growth lever with 22% share in branded spice exports and rising demand from the global Indian diaspora. Margin expansion and cash flow generation are expected from operational efficiencies and a better product mix, driving a meaningful improvement in underlying ROCE.
Also read: https://marksmendaily.com/business/weak-global-cues-dampen-indian-market-spirits/
Moving ahead with room for selective acquisitions and continued focus on execution, we initiate coverage on Orkla India with BUY rating and DCF-based Target Price of INR 800. Risks: Commodity volatility and unorganised competition.
