New Research Reports

END OF DAY SUMMARY

MARKET SNAPSHOT

Cement Sector Update Cement prices holding till now, but macros worsening

Consumer Durables Sector Update UltraTech W&C expansion barely cements an impact

Mahanadi Coalfields Limited (MCL) is a wholly-owned subsidiary of Coal India Limited and is the largest coal producer in India, accounting for approximately 21.0% of the country's domestic coal production in Fiscal 2026. The Company's primary product is non-coking coal, supplied in various grades including washed and beneficiated coal, predominantly to the power utilities sector as well as to the sponge iron, cement, aluminium and paper industries. MCL's operations span approximately 33,508.79 hectares (inclusive of acquired and leased land) across the Talcher and Ib Valley coalfields, comprising 17...

SBI Funds Management (SBIFUNDS) is India’s leading asset manager with a total QAAUM of INR29.1t as of Jun’26, including INR12.6t of MF QAAUM, INR16.5t of PMS/advisory QAAUM, and INR68b of AIF AUM.

Archean Chemical (ACI) is our top pick in the speciality chemicals space and offers a highly favourable risk-reward profile. ACI is in the advance stages of starting construction on its SiC semiconductor facility and it has partnered with multiple ecosystem players to support its ramp-up.

Happiest Minds Technologies Limited approved a scheme of amalgamation with ITC Infotech India Limited, a wholly-owned subsidiary of ITC Limited. The transaction involves a two-step structure:a secondary share purchase by ITC Infotech of 22.1% promoter stake from the Soota family entities for ~INR 1,330 Cr.

Retail Research

Banking non-food credit growth remained strong in Jul'26, with gross bank credit rising 19.3% YoY and 2.6% MoM to Rs220.8tn, while non-food credit grew 19.1% YoY. Growth remained broad-based across key segments, with agriculture credit expanding 17.0% YoY, industrial credit accelerating to 20.0% YoY and services credit rising 22.9% YoY. Within industry, growth was led by MSMEs (+22.6% YoY) and Medium Industries (+30.5% YoY), while services growth was supported by NBFCs (+35.7% YoY) and trade (+19.8% YoY). Retail credit remained healthy at 16.2% YoY, driven by vehicle loans (+18.8% YoY) and continued strong growth in gold loans...