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END OF DAY SUMMARY

Retail Research

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

We had the opportunity to test drive both the XUV7XO and the XEV9S. The XUV7XO comes with multiple feature upgrades, including best-in-class suspensions, a threescreen display layout, ambient lighting options, enhanced ADAS and electronics and computing system, Dolby Vision with Dolby Atmos, a 16-speaker Harman Kardon setup, and superior seating.

APL Apollo Tubes (APAT) is India's undisputed market leader in structural steel tubes with a 55% market share and 4.5 MTPA capacity spread across 11 manufacturing facilities.

Retail Research

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....