New Research Reports

We maintain our BUY rating on the stock, with a target price of Rs 630/share.

Asian markets are trading slightly higher, as upbeat U.S. growth data and firm commodity prices lifted year-end sentiment. The Nikkei, Hang Seng, and Shanghai are trading higher by 0.29%, 0.15%, and 0.07%, respectively.

We value the company at 5.5x FY28E Pre-sales/EBITDA, and maintain our BUY recommendation on the stock with a TP of Rs 740/share, implying an upside of 21% from the CMP.

Newsletter

The merger ratio was favorable for OCL (to the tune of ~9%) and largely neutral for ACC (considering the closing price of 22nd Dec 2025). However, we believe that these implied valuations for OCL and ACC are significantly...

Shyam Metalics and Energy (SMEL) has managed to triple its revenue over the past five years, riding on sharp capacity upliftment.

END OF DAY SUMMARY

Retail Research

MARKET SNAPSHOT

Orkla India, led by its strong legacy brands MTR and Eastern, enjoys a dominant market share in its core states of Karnataka, Kerala, AP and Telangana. Its deep understanding of regional tastes gives it a strong competitive moat.

FSN E-Commerce Ventures (Nykaa) is a leading specialty platform for beauty and personal care (BPC) products, bringing brands, consumers and discovery together in one focused ecosystem.

The Adani group has announced the simplification of its group structure and decided to consolidate the cement business under one entity. Currently, ACEM holds a 50.05% stake in ACC and 72.66% in Orient Cement.

Retail Research

Cipla Ltd delivered a steady Q2FY26 performance, supported by strong branded generics in India and continued leadership in its US respiratory business (albuterol MDI). The company's strategic focus on high-growth therapies such as obesity and diabetes (exclusive launch of Tirzepatide Yurpeak in India) underpins its long-term growth potential. However, near-term challenges remain, including the anticipated revenue erosion from the Revlimid cliff, increased R&D intensity weighing on margins, and execution risk related to timely approvals, which could limit earnings visibility and margin recovery in the medium term, thereby warranting a more...

APL Apollo Tubes is showing a well-structured Cup and Handle pattern on the daily timeframe, a formation that often signals trend continuation after a healthy consolidation. The stock has gradually rounded off its base over the past few months, reflecting steady accumulation rather than sharp speculative moves. The recent breakout from the handle portion of the pattern, accompanied by improved volumes, suggests that buyers are...

Asian markets are trading slightly higher, following positive cues from Wall Street, with sentiment supported by China's central bank keeping key lending rates unchanged. The Nikkei, Hang Seng, and Shanghai are trading higher by 0.19%, 0.11%, and 0.04%, respectively.

Newsletter

END OF DAY SUMMARY

Retail Research