Fund Houses Recommendations -16 September 2025

Sector & Thematic Positives

OMCs: Government support underpins steady performance despite global volatility.

Capital Goods: Transmission order pipeline remains strong.

Non-Ferrous Metals: Prices firm due to geopolitics, low inventory, and weak USD.

Data Centres: India’s capacity expected to rise 5x to 8GW by 2030; Bharti Airtel, Reliance, ADE to capture 35–40%.

Pharma (Generics): Alkem leads gEntresto, Cipla gains in Albuterol, Sun Pharma continues double-digit growth; Dr Reddy’s loses some gVascepa share.

Takeaways

Cement sector: Consolidation continues; top players show pricing leverage.

Data centre & renewable energy: High-growth themes backed by capacity expansions.

Pharma & healthcare: Generics & specialty growth drives positive differentiation.

OMCs & Energy: Government backing provides defensive stability.