New Research Reports

We value ACIL at 22xFY26E EPS to arrive at a target price of Rs 1,340/share, implying an upside of 13% from the CMP. We, therefore, change our rating from HOLD to BUY.

We maintain our BUY rating on the stock with a TP of Rs 250/share, implying an upside potential of 20% from the CMP.

Asian Markets are trading mixed as investors look ahead to the Fed meeting. Hang Seng is trading higher by 0.89% whereas Nikkei and Shanghai are trading lower by 1.57% and 0.48% respectively.

We retain Buy on TCI Limited with a revised PT of Rs. 1400, increasing our valuation multiples for its
strong performing SCM, Seaways and Transystem JV businesses.

We maintain buy on Cholamandalam with a revised PT of Rs. 1,850 (valuing at 5.0x/4.0x of FY26E/
FY27E BV estimates). We believe strong growth outlook and superior profitability would support
premium valuation.

InterGlobe Aviation (IndiGo) has expanded its domestic network to 88 destinations and added new international routes, including 7 new destinations, while navigating fuel price volatility and economic risks.

We see significant re-rating scope for Senco, helped by our expectations of a strong pick-up/SSG outperformance in Q2 and valuation discount vs P N Gadgil (PNG) after its ~70% listing gain.

Retail Research

Retail Research