Research Reports published by DEVEN CHOKSEY

Name: Latest research reports of Tata Consultancy Services Ltd. authored by Deven Choksey and published by - Trendlyne research reports.
Item: Tata Consultancy Services Ltd.
Rating: 5
Author: Deven Choksey

Latest research reports published by Deven Choksey

Tata Consultancy Services Ltd.

11 Jul 2025

3266.00

-3.43%

Tata Consultancy Services Ltd Q1FY26

Buy: Tata Consultancy Services ...

Deven Choksey

We have revised our FY26E/FY27E EPS estimate by -1.7%/-3.6% respectively, led by lower revenue conversion on the back of reduced demand. We value TCS at 25.0x Jun’27 EPS (~10-year avg NTM P/E), implying a target price of INR 4,067.

IDBI Capital downgraded Tata Consultancy Services Ltd. to Hold with a price target of 3733.0 on 11 Jul, 2025.

Glenmark Pharmaceuticals Ltd.

11 Jul 2025

2181.10

14.55%

Stock Flash

Buy: Glenmark Pharmaceuticals Ltd.

Deven Choksey

Ichnos Glenmark Innovation (IGI), a wholly-owned subsidiary of Glenmark
Pharmaceuticals, has entered into an exclusive global licensing agreement
with AbbVie for the development and commercialization of IGI’s lead
oncology asset, ISB 2001. This first-in-class CD38×BCMA×CD3 trispecific
antibody is currently in Phase 1 clinical trials for relapsed/refractory multiple
myeloma (R/R MM).

Deven Choksey released a Buy report for Glenmark Pharmaceuticals Ltd. with a price target of 1650.0 on 11 Jul, 2025.

Smartworks Coworking Spaces Ltd.

10 Jul 2025

IPO Note

Smartworks Coworking Space...

Deven Choksey

Smartworks Coworking Spaces initial issue is priced at 5.8x TTM EV/EBITDA compared to 14.4x of its domestic listed peer and industry avg. of 6.8x TTM EV/EBITDA of global listed peers. Moreover, the issue is priced at 20.4x FY25 EV/Adj. Cash EBITDA compared to 49.9x FY25 EV/Adj. Cash EBITDA of its domestic listed peer.

Ventura released a IPO Note report for Smartworks Coworking Spaces Ltd. on 10 Jul, 2025.

Navin Fluorine International Ltd.

08 Jul 2025

5073.20

1.38%

Stock Flash

Accumulate: Navin Fluorine Internation...

Deven Choksey

Navin Fluorine International Ltd. announced the opening of its Qualified
Institutions Placement (QIP) on July 7, 2025, to raise up to INR 7,500 Mn.
The Board approved the preliminary placement document and set the floor
price at INR 4,798.28 per share, based on SEBI’s pricing formula.

Navin Fluorine International Ltd. is trading above all available SMAs

Tata Motors Ltd.

08 Jul 2025

681.80

-1.98%

Stock Flash

Accumulate: Tata Motors Ltd.

Deven Choksey

Tata Motors JLR reported Q1FY26 wholesale volumes of 87,286 units, a 10.7% decrease YoY and 21.7% down from Q4FY25, reflecting the planned wind down of legacy Jaguar models and US import tariffs.

Tata Motors Ltd. is trading below its 30 day SMA of 694.0

Other Financial Services

SECTOR | 08 Jul 2025

Q1FY26E Financial Services Earnings Preview

Other Financial Services

Deven Choksey

The NBFC sector is anticipated to register moderate loan growth in Q1 FY26E. Although unsecured lending may witness some slowdown due to tightening risk controls and regulatory oversight, segments including gold loans and Loan Against Property (LAP) are expected to maintain healthy traction, reflecting shift to a more balanced lending strategy amid evolving credit and interest rate dynamics.

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Pharmaceuticals & Biotech.

SECTOR | 08 Jul 2025

Q1FY26E Pharmaceuticals Sector Preview

Pharmaceuticals & Biotech.

Deven Choksey

As per Pharma rack data, during Apr’25, the Indian pharmaceutical market (IPM) grew by 7.8% YoY, led by improved price realization (+5.1% YoY), modest new launches (+2.3% YoY), and muted volume growth (+0.4% YoY).

Axis Direct released a Sector Update report for Pharmaceuticals & Biotech. on 09 Jul, 2025.

Travel Food Services Ltd.

07 Jul 2025

IPO Note

IPO Subscribe: Travel Food Services Ltd.

Deven Choksey

We expect the Company to continue expanding its presence over the country and overseas both into QSR outlets and lounges. We assign a “SUBSCRIBE” rating to the issue and advice the investors to remain invested for the long-term.

Deven Choksey released a IPO Subscribe report for Travel Food Services Ltd. on 07 Jul, 2025.

Automobiles & Auto Components

SECTOR | 07 Jul 2025

Q1FY26E Auto & Auto Ancillary Services result Preview

Automobiles & Auto Components

Deven Choksey

The Indian auto industry witnessed a divergent performance in Q1FY26, with strong traction in the two-wheeler and tractor segments, while the passenger vehicle (PV) and commercial vehicle (CV) categories grappled with demand moderation, elevated inventory, and fragile retail sentiment.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 09 Jul, 2025.