New Research Reports

TCS Q4FY25 reported revneue stood at $7,465 million, down 1% q-o-q/up 1.4% y-o-y, missing our estimate of $7,501 million. Revenue growth in constant currency (CC) terms stood at 2.5% y-o-y. Revenue in rupee terms stood at Rs. 64,479 crore, up 0.8% q-o-q/5.3% y-o-y.

The US Court of Appeals has vacated the preliminary injunction against Sun Pharma’s launch of Leqselvi which was granted by the US District Court of New Jersey in Nov-24.

Tata Steel (TSL) has embarked on a major transformation plan at Tata Steel Netherlands (TSN) – built on a multi-pronged approach to maximise production efficiencies, lower fixed costs, optimise product mix and margins.

During its meeting held from April 07 to 09, 2025, the Monetary Policy Committee (MPC) under the chairmanship of Shri Sanjay Malhotra, decided to reduce the Policy Repo Rate within the Liquidity Adjustment Facility (LAF) by 25 basis points to 6.00% with immediate effect. This step was taken...

We interacted with Mr. Mukesh Sahdev, Senior VP & Global Head of Commodity Markets at Rystad Energy, to assess the evolving oil price trajectory within the new global trade environment. The outlook suggests that oil prices may have bottomed out, with forecasted demand far ahead of supply in the peak MarAug'25. Average crude prices are expected to moderate from USD80/bbl in 2024 to USD75/bbl in 2025. However, geopolitical supply risks and macroeconomic uncertainties, including recession probabilities, are key swing...

Britannia Inds - BRIT retains market leadership in core segments and has little risk of disruption from B2C brands. It has faced the brunt of sharp spikes in the prices of wheat and palm oil which has necessitated 4-6% price hikes. We believe the worst margin pressure is over and expect recovery post 4Q25 which will provide 14.4% EPS growth over FY25-27. The stock trades at 41x FY27 EPS. Retain Buy with a target price of Rs5,881. Titan Company - TITAN is expected to show 20% PAT CAGR over FY25-27 as Jewellery margins have bottomed out at 10.8% (11.1% by FY27), watch profitability...

companies, 2) consumable companies continue to suffer, and 3) margin expected to normalize against a higher base and cautious exports. Overall, we tariffs on some of the companies will be key monitorables. Our top picks are...