Research reports for the first week of April, before final Q4 results start coming out! The summary includes reports from Nirmal Bang, Prabhudas Lilladhar, Motilal Oswal and ICICI Securities. Stock pick of the week from analysts is Vikas Global One (Vikas Ecotech), the chemicals company, which BOB Capital markets estimates has a 40% upside over its current share price.

The company had fallen in stock price last week on news of a fire accident that broke out at the company's polypropylene manufacturing plant at Shahjahanpur. This was VEL’s newly commissioned plant, and while the building, stocks and machinery were fully insured, the company estimated that approximately 3% of sales revenue could be impacted from the fire. BOB Capital re-affirmed the buy and upside after the event.