New Research Reports

We maintain our BUY recommendation on reasonable valuations.

We maintain our BUY recommendation on the stock

Asian Markets are trading mixed as investors await further clarity on trade policies and potential economic support measures. Nikkei is trading higher by 0.63%, while Hang Seng is trading lower by 0.42% and Shanghai Composite is trading down by 0.20%.

We recommend a BUY on the stock for a target price of Rs 1,166/ share implying an upside of 10% from CMP.

Action is back in the primary market, with Ather Energy set to launch the first mainboard IPO in over two months. The SME segment will see even more activity, with four IPOs expected to hit Dalal Street, and one SME IPO listing this week.

We initiate coverage on Dalmia Bharat with a Buy Rating because of its reasonable valuation as compared to its peers, its leadership position in the high growth region like North-East, strong presence in South & East. Besides, its continuous expansion, improving financials and the company’s focus on being carbon negative will continue to drive growth.

End of Day Summary

Retail Research

Business growth remains strong with a rising focus towards high-yielding advances

SBI Cards (SBIC) reported a disappointing FY25 with a 20% decline in PAT driven by higher credit cost (9%) and low NIMs (10.8%). While management commentary and execution have ratified possible peaking of both credit cost and cost of funds (CoF), the recovery trajectory remains to be monitored.