New Research Reports

Our Top Earnings Plays: Lupin, Biocon and Fortis.

Our Top Earnings Plays: APL Apollo Tubes, Hindalco, NALCO, Tata Steel.

Asian markets are trading mixed, as investors assess Australia's inflation data. The Nikkei, Hang Seng and Shanghai are trading lower by 0.40%, 0.59%, and 0.08%, respectively.

We recommend a BUY on the stock with a target price of Rs 4,140/share, implying an upside of 10% from the CMP.

The key result plays are as follows: Positive Result Plays: ICICI Bank, Kotak Mahindra Bank, SBI, AU SFB, Ujjivan SFB, Shriram Finance, SBI Life. Negative Result Plays: Manappuram.

Newsletter

Q3FY26 is expected to mark the start of a meaningful recovery for the FMCG sector as the September GST impact fully normalises and trade restocking improves.

MARKET SNAPSHOT

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Retail Research

Incorporated in 1972 and conferred with the Mini Ratna status, Bharat Coking Coal Ltd. (BCCL), is a wholly-owned subsidiary of Coal India Ltd. (CIL). The company primarily mines and supplies Coking Coal and holds an estimated reserve of ~7.91 billion tonnes (as of Apr'24), ranking it amongst the largest coking coal reserve...

We upgrade BJAUT to BUY from Add and roll forward our TP to Dec-27E, hoisting it ~17% to Rs11,100 (from Rs 9,500).

Billionbrains Garage Ventures (GROWW) has scaled rapidly to emerge as the largest retail broking platform (on the NSE Active clients basis) within almost four years of its launch.

Retail Research

Retail Research

Indian Hotels Company Limited (IHCL), incorporated in 1902, is one of the country's leading hospitality companies. Tata Sons holds a 38.2% stake in the company. IHCL has a vast geographical presence and owns some of the leading brands such as Taj, Ginger...

Star Health reported healthy double-digit growth in net earned premiums in Q2FY26, supported by disciplined underwriting, strong retail traction, and improved digital and agency networks. The management remains focused on long term initiatives, such as AI-enabled claim automation, advanced fraud analytics and wellness-based healthcare expansion, to enhance efficiency and service delivery. It also continues to strengthen the portfolio via annual repricing, new OPD and dental...

Aluminium: Aluminium prices increased by 3.0% WoW to $2,991/tonne, driven by supply tightness as China continues to enforce the 45mnT cap on alumina smelting capacity. Improved regional demand led Chinese...