11 May 2026
Apollo Pipes
BOB Capital Markets Ltd.
Reco
Target
487.70
360.00
487.70
26.18
Sell
Broker Report
Volume growth of 21% was offset by weak realisations (-9% YoY). EBITDA margin contracted owing to lower realisations
11 May 2026
Cera Sanitaryware
BOB Capital Markets Ltd.
Target
6152.00
6700.00
6152.00
8.91
Buy
Broker Report
Revenue beat, miss on margins, revenue growth of 11% driven by 18% faucetware growth while sanityaware grew 6% YoY
11 May 2026
JSW Infrastructure
BOB Capital Markets Ltd.
Target
287.35
380.00
287.35
32.24
Buy
Broker Report
Q4 earnings resilience was led by realisation gains, ancillary income and logistics scale-up, despite a muted cargo growth
11 May 2026
Orient Electric
BOB Capital Markets Ltd.
Target
187.11
230.00
187.11
22.92
Buy
Broker Report
Revenue rose 10% YoY. Pricing helped offset the inflation/star-rating impact, lifting EBITDA margin 40bps
10 May 2026
Lupin
BOB Capital Markets Ltd.
Target
2255.90
2900.00
2379.50
(-5.19%)
28.55
Buy
Broker Report
Sales/EBITDA/APAT surpassed our 4QFY26 estimates by 8.1%/18.5%/12.7% respectively; EBITDA Margin by 254 bps
09 May 2026
Titan Company
BOB Capital Markets Ltd.
Target
4205.60
4626.00
4509.00
(-6.73%)
10.00
Hold
Broker Report
Buyer growth recovery and bullion-led demand drive 81% revenue growth
09 May 2026
Kalyan Jewellers
BOB Capital Markets Ltd.
Target
385.20
490.00
424.55
(-9.27%)
27.21
Buy
Broker Report
Robust wedding demand and outperformance in non-south markets drive 66% of growth in revenues
09 May 2026
Tata Consumer
BOB Capital Markets Ltd.
Target
1271.00
1249.00
1176.20
(8.06%)
Target met
Hold
Broker Report
India Foods and International businesses delivered healthy growth, on the back of strong execution and volume-led demand
09 May 2026
Ujjivan Small Finance
BOB Capital Markets Ltd.
59.08
72.00
62.40
(-5.32%)
21.87
Buy
Broker Report
Operating profit in line with estimates; though PAT beat estimates on lower provisions; AQ performance remains better vs peers
09 May 2026
Hyundai Motor
BOB Capital Markets Ltd.
Target
1906.90
2261.00
1852.80
(2.92%)
18.57
Buy
Broker Report
Healthy volume recovery (8.7% YoY), as domestic growth (8.5%) picked up. Realisations dampen (3% YoY), due to lower SUV share
08 May 2026
Britannia Industries
BOB Capital Markets Ltd.
Target
5410.50
5941.00
5520.00
(-1.98%)
9.81
Hold
Broker Report
Domestic demand trends remained healthy, though International Business was impacted by West-Asia-related disruptions
08 May 2026
Mahanagar Gas
BOB Capital Markets Ltd.
Target
1106.40
1268.00
1172.90
(-5.67%)
14.61
Hold
Broker Report
Revenue grew by 10.0%YoY, on volume growth of 14.1%YoY in CNG and 5.1%YoY in PNG. However, higher costs led to decline in EBITDA
08 May 2026
Karur Vysya Bank
BOB Capital Markets Ltd.
Target
296.80
362.00
304.65
(-2.58%)
21.97
Buy
Broker Report
Asset quality (AQ) remains better than peers in Q4FY26; stressed assets stay low at 0.45% of the total assets
07 May 2026
Polycab
BOB Capital Markets Ltd.
Reco
Target
9065.50
9300.00
9003.00
(0.69%)
2.59
Hold
Broker Report
Revenue/EBITDA grew 27%/13% YoY; W&C drove the top line, but margin contracted 160bps YoY to 13.1%, on an adverse mix
07 May 2026
Birlasoft
BOB Capital Markets Ltd.
Target
355.90
325.00
362.20
(-1.74%)
8.68
Sell
Broker Report
4Q revenue was weaker than estimate though margins were better. FY26 revenue declined 6.5% in CC, the weakest in our coverage
07 May 2026
Shree Cements
BOB Capital Markets Ltd.
Target
25205.00
27199.00
25595.00
(-1.52%)
7.91
Hold
Broker Report
Healthy volumeled recovery: Volumes grew ~9.5% YoY to ~10.8mnt, driving ~7.8% YoY revenue growth in Q4FY26
07 May 2026
Firstsource Solutions
BOB Capital Markets Ltd.
Target
260.96
299.00
235.18
(10.96%)
14.58
Buy
Broker Report
4Q revenue fell short of estimates due to client specific issues. In the rapidly evolving services landscape, FSOL creates a new category
07 May 2026
Godrej Consumer Products
BOB Capital Markets Ltd.
Target
1010.90
1189.00
1036.60
(-2.48%)
17.62
Hold
Broker Report
Volume-led growth continued with 6% UVG, driven by robust India performance and steady international recovery
06 May 2026
Mahindra & Mahindra
BOB Capital Markets Ltd.
Target
3245.90
4317.00
3300.80
(-1.66%)
33.00
Buy
Broker Report
Strong volume-led growth (~24% YoY) continues to be driven by SUVs; EV scale and tractors on the back of healthy rural sentiment
06 May 2026
Coforge
BOB Capital Markets Ltd.
Reco
Target
1375.20
1300.00
1280.40
(7.40%)
Target met
Hold
Broker Report
4Q weaker on revenue but better on margins. FY26 showed strong organic growth of ~25%. Expect organic growth of ~13% in FY27