Shares of the state-owned Oil and Natural Gas Corporation (ONGC) regained its ₹2 trillion market capitalisation after more than two years, this week. This is because investors can see bigger profits on the horizon as gas and crude oil prices rise. The government has hiked the gas prices by 62%, which is seen benefiting upstream companies like ONGC that are into the exploration and initial production stages of the oil and gas industry.This is positive because the rise in gas and crude oil prices would add 15-30% earnings growth on ONGC’s books, Deven R Choksey, managing director, KR Choksey Investment Managers told The Economic Times. So far in 2021, shares of oil exploration and production company ONGC have spiralled 73%.Shares of the Kolkata-based private sector bank surged 17% this week as analysts see strong recovery in the earnings growth. The report of global brokerage firm Goldman Sachs maintaining a ‘buy’ rating with a target price of ₹443, indicating an upside of 28%, triggered the stock further.While the brokerage house has lowered the FY22 earnings per share estimates, it remains confident that the bank will be able to deliver almost 23% return on equity by FY24. The private lender has a market capitalisation of ₹55,561 crore. Shares of ₹52,000 crore engineering company jumped 14% in the last five days to hit a two-year high. This comes as electric vehicles steal the show amid rising petrol prices. “Bosch sees a big opportunity in the 2W [two-wheeler] electric vehicle (EV) market as EVs are expected to increase,” analysts at Motilal Oswal reportedly said.They expect growth in Bosch to rebound faster on account of the revival of the commercial vehicle (CV) cycle, the addition of the two wheeler segment, and more revenue per vehicle. Bosch is an engineering company that provides vehicle technology with software solutions and services. In the June 2021 quarter, Bosch had reported 146% on year jump in total operational revenue at ₹2,444 crore due to lower base and recovery in sales as the lockdown restrictions eased across states in the country. Tata Motors was the talk of the town this week as the Tata Group automaker surged on excitement of a strong business outlook. The stock rallied 10% yesterday, October 7 and 28% in the last one month.All this despite the fact that its subsidiary, the international luxury brand Jaguar Land Rover (JLR), which contributed 82% to the company’s revenue at the end of June 2021 is still struggling with tepid sales and sputtering production due to the chip shortage.Analysts believe its improving market share in the passenger vehicle (PV) segment is a good sign. “It [Tata Motors] is gaining market share in the PV segment whereas the JLR business is likely to show a strong recovery, Santosh Meena, head of research at Swastika Investmart, told Mint. Its share in passenger vehicles rose from 7% to 10% at the end of June this year, in a market dominated by Maruti, Hyundai and sister company Kia. Apart from this, Morgan Stanley expects Tata Motors’ Indian business to post profits by the end of March 2023, after 8 years of losses. Investors went crazy over Titan’s stock as the company announced that it expects a demand push in its businesses including jewellery, watches and other fashion accessories.The company’s jewellery, watches and eyewear business grew by 78%, 73% and 74% respectively year-on-year in the September quarter. “The demand postponement triggered by the second wave of the pandemic in avenues like gift purchases, occasions/milestone buying, weddings, investments in gold etc., witnessed a strong comeback in Q2,” said the company in a statement to exchanges.Analysts believe that Titan is growing its jewellery business as there lies a huge scope for revenue. Return of demand in gold is also because of the fall in bullion prices.