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Asian markets are trading higher, as investors remain cautious ahead of the U.S. payrolls data due on Friday and an anticipated Supreme Court verdict related to President Donald Trump's tariff measures. Nikkei, Hang Seng, and Shanghai are trading higher by 0.63%, 0.27%, and 0.07%, respectively.

OUR TOP 9 TRADING BUYs Earnings Play: IDFC First Bank, Shriram Finance Ltd, Bajaj Auto, Sansera Engineering ltd, UltraTech cement, Navin Flourine, Coforge, Biocon, Astral, Kalpataru Projects International Ltd.

From Rebuilt Franchise to Re-rating Opportunity

Amagi Media Labs Ltd (AMLL) is a Software-as-a-Service (SaaS) company that connects media companies to their audience through cloud-native technology. The company's platform helps content providers & distributors upload and deliver videos over the internet through smart TVs, smartphones & apps, instead of traditional services (set-top box or cable services) and helps monetize the content through targeted advertising services. AMLL's platform has enabled the streaming of marquee events such as the 2024 Paris Olympics, UEFA football tournaments, Oscars and the 2024 US Presidential Debate. As of Sep'25, the company served over...

Company is the largest coking coal producer in India in Fiscal 2025 in terms of coking coal production, which accounted for 58.50% of the domestic coking coal production in Fiscal 2025. Company's primary product is coking coal, with an estimated reserve of approximately 7,910 million tonnes, as of April 1, 2024, making company one of the largest coking coal reserve holder in India. Company produce various grades of coking coal, non-coking coal and washed coals for applications primarily in...

The Indian specialty chemicals sector is anticipated to experience modest demand growth in Q3FY26, primarily driven by domestic consumption and gradual recovery in select export markets.

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MARKET SNAPSHOT

Issue Snapshot: Issue Open: January 09 January 13, 2026 Price Band: Rs. 21-23 (Employee Discount Re 1/share) *Issue Size: Up to Rs 1071 cr (Offer for sale of upto 465,700,000 eq sh) Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 12.52 (Sept 30, 2025) Bid size: - 600 eq sh and in multiples thereof 100% Book built Issue IPO Note - Bharat Coking Coal Limited

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Retail Research

EBITDA rose 5.9% YoY to Rs. 1,237cr, while margin contracted 100bps to 21.9% due to an increase in the cost of sales (+16.4% YoY), employee benefit expenses (+7.0% YoY) and other expenses (+5.9% YoY). Reported profit after tax decreased 23.6% YoY to Rs. 753cr, led by an increase in finance costs (+44.0% YoY) and a decrease in other income (-76.1% YoY). The company's financial performance was strong, driven by resilient brand equity, broad-based innovation momentum, expanding manufacturing flexibility and disciplined marketplace execution across channels. Management's strategic focus...

Diversified & Others added Rs11.47bn in December, ending the year with Rs192.56bn of CYTD inflows, while Media & Telecommunication remained flat in December (-Rs0.86bn) but emerged as the strongest CY25 performer with Rs485.23bn of CYTD inflows....

Auto OEMs: Maruti Suzuki, Eicher Motors, Bajaj Auto. (M&M - Non-Coverage) Auto Ancillary: Sansera Engineering Ltd, Minda Corporation.

Asian markets are trading lower, tracking weakness on Wall Street amid heightened geopolitical concerns and remarks from the U.S. President. Nikkei, Hang Seng and Shanghai are trading lower by 0.66%, 0.98%, and 0.17%, respectively.

Our Top Earnings Plays in the sector: Skipper Ltd, Genus Power, and Inox Wind.

IPO NOTE

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BCCL benefits from vast reserves, strategic locations, and CIL backing amid rising coking coal demand driven by steel production.