S&P BSE 150 Midcap Index News and Updates

Name: Latest research reports of Deepak Nitrite Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Deepak Nitrite Ltd.
Rating: 1
Author: Motilal Oswal

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Oracle Financial Services Software Ltd.

14 Nov 2025

8333.00

1.90%

India is a market to bank on for SaaS business: Shailesh Singla, Vice President, Cloud Applications, Oracle

Business Line

The SaaS business is expected to be a roughly $50 billion business in India by 2030

Number of FII/FPI investors increased from 675 to 698 in Sep 2025 qtr.

Nippon Life India Asset Management Ltd.

14 Nov 2025

883.10

2.42%

DWS to buy 40% in Nippon Life India AIF business

Economic Times

German firm DWS Group is acquiring a 40% stake in Nippon Life India Asset Management's alternatives business. This partnership aims to expand operations in alternatives, active, and passive assets. The companies will also jointly launch passive products. A global distribution arrangement is planned for India-focused mutual funds. The alternatives sector in India is poised for significant growth.

Nippon Life India Asset Management Ltd. is trading above its 200 day SMA of 736.7

DWS Group to acquire 40% in Nippon Life India AIF Management

Business Line | 13 Nov 2025 1 more

Deepak Nitrite Ltd.

14 Nov 2025

1711.40

0.29%

Muted operating performance amid macro challenges

Sell: Deepak Nitrite Ltd.

Target

Motilal Oswal

Deepak Nitrite (DN) reported a weak operating performance, with EBITDA declining 31% YoY to INR2b in 2QFY26. Gross margin contracted 440bp YoY to 27.6% and EBITDA margin contracted 390bp, driven by macro headwinds, pricing trends, and tariff developments.

Motilal Oswal decreased Sell price target of Deepak Nitrite Ltd. to 1530.0 on 14 Nov, 2025.

Voltas Ltd.

14 Nov 2025

1401.80

1.27%

Disappointing performance; recovery expected in 2HFY26

Neutral: Voltas Ltd.

Target

Motilal Oswal

Voltas (VOLT)’s revenue declined ~10% YoY to INR23.5b (in line) in 2QFY26, driven by a 23%/5% dip in UCP/PES segments, while EMPS revenue grew ~10% YoY.

Voltas Ltd. is trading above all available SMAs

Vishal Mega Mart Ltd.

14 Nov 2025

137.25

2.35%

Another superlative quarter on all fronts

Buy: Vishal Mega Mart Ltd.

Target

Motilal Oswal

Vishal Mega Mart (VMM) delivered another strong quarter, with ~22% YoY revenue growth, led by 25 net store additions (+15% YoY) and robust ~12.8% adjusted SSSG, benefiting from an early festive season.

Vishal Mega Mart Ltd. is trading below its 30 day SMA of 144.0

Marico Ltd.

14 Nov 2025

748.15

-1.10%

Improving growth trajectory; all eyes on GM recovery

Buy: Marico Ltd.

Target

Motilal Oswal

Marico (MRCO) reported a consolidated revenue growth of 31% YoY (in line) in 2QFY26. Domestic revenue growth was 35% YoY with volume growth of 7%.

Marico Ltd. has an average target of 824.33 from 9 brokers.

IRB Infrastructure Developers Ltd.

14 Nov 2025

43.96

-0.34%

Steady operating performance; outlook improves

Buy: IRB Infrastructure Develop...

Recommendation Target

Motilal Oswal

Revenue grew 10% YoY to INR17.5b in 2QFY26 (in line). Revenue included a gain from InvITs & related assets as per fair value measurement and dividend/interest income from InvITs & related assets.

IRB Infrastructure Developers Ltd. is trading above its 50 day SMA of 43.1

Indraprastha Gas Ltd.

14 Nov 2025

206.56

-0.97%

Margin expansion ahead!

Buy: Indraprastha Gas Ltd.

Motilal Oswal

In 2QFY26, Indraprastha Gas (IGL)’s EBITDA/scm margin came in 9% below our estimate at INR5.2, primarily driven by higher gas costs due to the rising share of R-LNG in gas sourcing.

Indraprastha Gas Ltd. has an average target of 215.25 from 4 brokers.

Hero MotoCorp Ltd.

14 Nov 2025

5876.50

1.33%

Steady quarter

Buy: Hero MotoCorp Ltd.

Target

Motilal Oswal

Hero MotoCorp’s (HMCL) 2QFY26 PAT at INR13.9b came in slightly below our est. of INR14.4b, largely due to lower other income. Margins expanded on the back of revenue growth and operational efficiencies.

Number of FII/FPI investors increased from 1011 to 1033 in Sep 2025 qtr.

Vishal Mega Mart Ltd.

14 Nov 2025

137.25

2.35%

Superior growth performance to continue

Buy: Vishal Mega Mart Ltd.

Target

ICICI Securities Limited

VMM sustained its strong growth momentum (+22.4% YoY revenue growth), driven by 12.8% SSSG and healthy retail area expansion. Profitability surprised us positively, driven by better revenue mix (higher apparel sales), operational efficiencies and operating leverage.

Vishal Mega Mart Ltd. has gained 75.96% in the last 1 Year

S&P BSE 150 Midcap Index PB	5.2
S&P BSE 150 Midcap Index PE	34.9
S&P BSE 150 Midcap Index DIV	0.8
S&P BSE 150 Midcap Index EPS	474.7