New Research Reports

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Retail Research

GSP Crop Science Ltd. (GSP) is a research-driven agrochemical company, providing crop protection solutions to the agriculture industry, with over 40 years of experience. GSP specializes in the development and manufacturing of insecticides, herbicides, fungicides and plant growth regulators. The company operates under two distinct businesses which are categorized as (I) Formulations and (II) Technical. Formulations are composed of active ingredients, which refer to the chemical compounds responsible for achieving the desired effects on the target pests, weeds, or...

Blockade of the Strait of Hormuz (SoH) (~20% of global oil/LNG supply), ~3-4mb/d of refining capacity disruptions, refined product export restrictions in China, and decade-high crude freight rates have lifted gasoil/gasoline/jet fuel cracks to USD42/16/58 per bbl in Mar’26’TD, 147%/40%/124% above LTA.

Retail Research

Retail Research

Standalone profit rose sharply by 91% YoY to Rs. 7,048cr in 9MFY26, supported by improved operational efficiency and strong margins. At the same time, asset quality strengthened, with the Stage III ratio in the gold loan portfolio declining to 1.58% in...

Asian markets are trading in the red. The Hang Seng, Shanghai and Nikkei are trading lower by 0.45%, 0.12%, and 0.76%, respectively.

Depositories remain a structural play on India’s capital markets, buoyed by higher retail participation and distinguished by a mix of annuity and transaction-based business.

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Retail Research

MSIL’s recent underperformance relative to the Auto index is likely to be driven by near-term underperformance in wholesale and disappointing 3Q performance. However, we believe these concerns seem to be overdone, given that retail demand for MSIL remains healthy, both in cars and UVs, and the same is reflected in its outperformance in retail sales post-GST cut.

Domestic Business & Distribution: The company is focused on expanding in lower north markets (UP, Haryana, MP, Rajasthan), with ~80% of distribution additions expected from this region.

Author: Antu Eapan Thomas - Sr. Research Analyst ensuring long-term visibility. Near-term profitability, however, remains under pressure due to delays in high-margin water and metro projects. We expect the prospect of a turnaround in T&D orders to drive earnings growth in FY27/FY28....

Siemens India, the flagship listed company of Siemens AG (Germany) in India, is an integrated technology provider and leading powerhouse in electronics and electrical engineering. Siemens holds a strong position in the energy and infrastructure space,...

Jio Financial Services (JIOFIN) is being architected as a diversified, technologyled financial services platform, aiming to operate across lending, payments, asset management, wealth management, insurance manufacturing and broking, and other digital financial services, while leveraging the unparalleled distribution and data ecosystem of the Reliance group.

Retail Research

Retail Research