New Research Reports

We believe GRASIM has a compelling structural long-term investment case underpinned by an improving VSF earnings cycle, a stable margin in the chemicals business due to the company’s focus on specialty chemicals, and a long-term growth opportunity in decorative paints.

HCL Technologies (HCLT) reported 3QFY26 revenue of USD3.8b, up 4.2% QoQ CC, above our estimate of 2.3% QoQ CC growth. EBIT margin came in at 18.6% vs. our estimate of 18.1%.

TCS reported revenue of USD7.5b in 3QFY26, rising 0.8% QoQ in CC terms, above our estimate of 0.5%. Growth was led by regional market and others (up 4.6% QoQ CC).

Retail Research

Retail Research

With a 17% upside from the CMP, we maintain a BUY rating on the stock.

We maintain our BUY rating on the stock.

Asian markets are trading positively following Wall Street gains from last week after a U.S. job report showed that the unemployment rate fell, signalling resilience in the labour market. Nikkei is trading up by 1.61%, Hang Seng is trading high by 0.20%.

IPO NOTE

Newsletter

Strong leadership hold across categories: LGEDIA is the market leader across multiple product categories - The company commands strong offline market shares, including ~29.9% in refrigerators, 33.5% in washing machines, 27.5% in panel TVs, 20.6% in inverter ACs, 51.4% in convection microwaves and 40.5% in water purifiers. In premium segments, LGEDIA enjoys a dominant position with ~43.2% share in side-by-side refrigerators, 36.9% in front-load washing machines, 27.2% in 5-star ACs and 62.9% in OLED TVs. Similarly, the company has strong presence in mass market i.e....

headquartered, cloud-native SaaS company providing end-to-end solutions for connected TV (CTV), Free ad-supported streaming TV (FAST) & streaming TV ecosystems. Founded in 2008, it enables content owners to distribute & monetise channels & advertisers to plan, execute & optimise CTV ad campaigns using AIdriven analytics. As of Sep'25, the company served 400+ content partners, ~350 distributors and ~75 advertisers across 40+ countries, with a strong footprint in...

The company has geographically diversified asset base with term loans outstanding across 23 states and 4 union territories across renewable segment. Q3FY26 performance: IREDA delivered strong Q3FY26 performance, sustaining AUM growth at ~28% YoY (4% QoQ) to 87,975 crore, driven by healthy sanctions and robust disbursements across solar, state utilities and ethanol segment. NII grew 39.7% YoY (6.4% QoQ) to 869 crore, supported by balance sheet expansion and improvement in interest spread to 2.63%, while NIM were up 41 bps at 3.74%, aided by a ~61 bps YoY decline in CoB to 7.07%. PAT increased 37.5% YoY to 585...

Titan reports strong revenue growth in Q3FY25 led by domestic jewellery segment: Titan reported strong consolidated revenue growth of 40% YoY in Q3FY26, led by a 41% YoY growth in the domestic jewellery segment driven by higher ASPs, while buyer growth remained flat despite elevated gold prices amid a strong wedding season. Gold coin sales doubled YoY, LFL growth across jewellery formats was in the low thirties, and plain gold grew in the late thirties, while CaratLane delivered 42% YoY growth. Watches grew 13% YoY, supported by 17% YoY growth in analog...

The IPO market remains active, with six new issues opening this week, including one mainboard IPO. Five companies are set to make their stock market debut, following one listing last week.

Avenue Supermarts (DMart) continues to operate as a business focused on stability rather than growth acceleration. Margins delivered a positive surprise, with EBITDA margin at 8.4%, driven by execution discipline and cost control despite an unfavourable mix.

Avenue Supermarts (DMART) delivered a strong beat on profitability in 3QFY26, driven primarily by gross margin (GM) expansion.

US Tariffs trigger Indian Market Panic

Company is a new-age, technology-led third-party logistics (3PL) company, and leverage technology to facilitate digital commerce, with its service network Company encompassing 14,758 Indian pin codes as of September 30, 2025. Compny serve a wide category of enterprise clients including horizontal and non-horizontal e-commerce, quick commerce, food marketplace, and on-demand mobility companies. Company's range of services includes express forward parcel deliveries, reverse...

End-to-end defence electronics capabilities with deep institutional trust and long-term national relevance