New Research Reports

Automobiles Monthly Update Festive Stocking Fuels Auto Volumes

Nippon Life India Asset Management (NAM IN) Analyst Meet Update Profitable growth trajectory to continue BUY

Technical Newsletter: 1-Sept-2026

Our recent interaction with Siemens Energy (ENRIN) suggests that ordering is gradually ramping up in the transmission sector, and long-term demand from grid strengthening, grid flexibilization and data center remains strong.

A Turnaround Story Taking Shape

Ujjivan SFB has announced that Mr. Sanjeev Nautiyal has requested an early retirement due to health concerns. The board has accepted his resignation and appointed Ms. Carol Furtado, the current Executive Director (Whole-Time Director), as the interim MD & CEO, effective 1st Sep’26.

Retail Research

In our monthly Hotels update, we have summarized key events of the domestic hotel industry, new hotels signing/addition by key players during the month and pricing trend of key cities in August, 2026. We have analyzed pricing of 171 hotels with ~33,000 keys across 8 cities to understand the trend over last 24 months (Exhibit 1-8). ADR on MoM witnessed gradual recovery, aided by higher ADR across the industry around Independence Day weekend. Further, the industry is gearing up for travel related to festive and weddings season ahead, apart from pick up in corporate travel and increased MICE activities. The management commentary post Q1FY27 result was...

Newsletter

NAM India posts highest market share growth amongst top 10 AMCs over 3 years

We prefer Bajaj Auto and TVS Motors in 2W, and M&M (non-coverage) as a play in the PV/LCV/Tractor segment. We also like Ashok Leyland and Tata Motors (non-coverage) in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.

Monthly Quant Report September 2026

We value the company on Jun'27E EPS by valuing a 1-year forward P/E target of 22x to arrive at a TP of Rs 415/share, implying an upside of 14% from the CMP.

We maintain our BUY recommendation on the stock with an unchanged target price of Rs 86/share (valuing the stock at 1.8x FY28E ABV), implying an upside of 32% from the CMP. Currently, we keep our earnings estimates unchanged.

We value Astral at 51x FY28E EPS and retain our target price of Rs 1,750/share, implying approximately 16% upside.

Asian markets traded in the negative territory this morning. Nikkei, Shanghai, and Hang Seng lost 2.88%, 0.96%, and 0.96%, respectively.

Stock Ideas with specific strategies

Retail Research

In August, the benchmark index Nifty traded in a narrow range of 780 points, marking its lowest monthly range since December 2025. This was also the fourth consecutive month in which the index remained range-bound, highlighting the persistent lack of a decisive trend.