❁Stocks❁ ❁Result❁& BREAKING News: BofA On India Autos Commentary on domestic demand modest across auto sub segments Some cost pressures building up near term on metals/regulations Most companies have rare earth material stock to navigate near term Limited confidence on quick resolution for rare earth is a risk to EV scale up plans Exports have been a silver lining, remains the source of growth delta for select companies CLSA On India Oil And Gas Expensive LNG is hurting India's gas demand Overall gas demand is falling 8% YoY, and LNG imports are down 13% YoY in April 2025 This is impacting Q1FY26 volume growth for GAIL, GSPL, and Petronet LNG Domestic gas production also fell 2% YoY in April ONGC's output down 4% YoY UBS ON L&T FINANCE Credit cost expected at 2.4%-2.5%; MFI recovery limited in near term EPS CAGR forecast at 16% with RoE at 13% by FY27E Digital push via Cyclops and fintech tie-ups; benefits expected from 2HFY26 Urban funnel to improve; digital underwriting to drive incremental growth Credit outcomes of new initiatives are key for future re-rating Valuations rich; 1.8x FY27 P/B factors in retail shift and improving RoE