Mayuresh Joshi, Head of Equity Research at William O’ Neil, shared his views on Kaynes Technology, Hitachi Energy India, IndiGo, and ITC Hotels.

Speaking on Kaynes Technology , he said the recent Kotak report has affected market sentiment. “The Kotak note has created a sentimental impact,” Joshi said. He added that expectations remain strong for product-based growth and PLI-led volume. But he pointed out that margins remain limited for now. The higher-margin ODM business will “take some time” to scale up. He also said the company still needs to address questions on “related party disclosures.” With valuations still high, he said the brokerage has “a neutral view.”

On Hitachi , Joshi said the stock may see some reaction to recent developments. But he expects the longer-term business o

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