New Research Reports

MARKET SNAPSHOT

NTPC is reportedly planning a large coal-to-synthetic natural gas (SNG) facility with a capacity of 5-10m tonnes per year (link). Producing SNG from its own coal would lower dependence on imported LNG, which is prone to price and supply volatility.

Retail Research

Retail Research

*over or under performance to benchmark index We retain a cautious stance on Muthoot Finance despite its solid operating performance. The company continues to benefit from its strong gold-loan franchise and supportive industry tailwinds; however, intensifying competition in the segment...

Asian markets are trading mixed, following overnight gains in the U.S., where growing expectations of Fed rate cuts and a rebound in technology shares lifted sentiment. Nikkei and Shanghai are trading higher by 1.32% and 0.05% respectively, while Hang Seng is trading lower by 0.14%.

We recommend a BUY rating on the stock with a target price of Rs 360/share, implying an upside of 10% from the CMP.

Newsletter

Emami's performance in 2Q FY26 was impacted by external, non-recurring factors primarily related to the GST rate changes. Management is optimistic about a rebound in the second half of FY26.

We expect valuation multiples to remain firm in the near term, supported by VBL’s market leadership, strong profitability profile, and visibility on double-digit earnings growth.