Geojit BNP Paribas Broker Research reports

*over or under performance to benchmark index Consolidated revenue from operations rose 13.1% YoY to Rs. 21,275cr in Q1FY26, The domestic grey cement volume (including Kesoram Industries and ICEM) grew 8.7% YoY to 34.64 million tonnes....

*over or under performance to benchmark index APL Apollo Tubes Ltd (APAT) is a leading manufacturer of structural steel tubes, with an annual production capacity of 4.5mn ton. It has a distribution network spanning 29 cities in India and 20 countries globally. In Q1FY26, its sales mix comprised Apollo structural tubes (~64%), Apollo Z (~32%) and Apollo Galv (~4%), catering to a diverse...

*over or under performance to benchmark index Infosys Limited provides IT consulting and software services, including e-business, programme management, supply chain solutions, application development, product co-development and system implementation and engineering. The company's clients...

objective of driving greater cost efficiency. SCL is planning to add 31.35 MW of green power projects, including solar and WHRS, across multiple sites, aiming to achieve a 50% green power mix by FY30. Fuel prices have softened on a YoY basis but have witnessed...

The company logged a decline in revenue for the quarter, mainly due to macroeconomic headwinds faced in the advertising segment. Despite the challenges faced, ZEEL remains optimistic about the future with rising viewership, cost reduction and higher profitability. The upcoming festive season is expected to drive revenue in the advertising segment. With efficient execution in programming and technology as well as continuous cost optimisation in ZEE5, the company's...

MGL delivered a steady performance, driven by its robust infrastructure network, strong customer base and a reliable, albeit costlier, gas sourcing strategy. However, looking ahead, we expect MGL's focus on expanding its footprint in newly acquired geographical areas to come at the behest of discounts as it tries to balance lost volumes due to faster EV adoption and declining institutional demand. Additionally, we also factor in the management's reduced margin guidance and unpredictability in APM and new well gas allocations. Further pass-through of cost increases could be...

Wipro reported a flat revenue growth in Q1FY26 owing to decrease in revenue in BFSI and consumer sector. Total bookings and large-deal bookings witnessed an increase in the quarter. However, the revenue guidance for Q2FY26 remains weak. Challenges faced in the macroeconomic environment, discretionary spending and client-specific challenges led to a decrease in revenue from Europe. The company...

HZL's revenue was impacted by the decline in sales volume and prices of zinc and lead, *over or under performance to benchmark index with additional pressure coming from planned maintenance work. However, its future growth trajectory is expected to be supported by a favourable outlook for silver prices, a robust cash and cash equivalent and a strategic investment plan. Furthermore, the implementation of cost-saving measures is expected to bolster the company's resilience in a challenging operating environment. While global economic uncertainties persist, the company's exposure to the Indian market, which is exhibiting strong domestic...

sustain its volume growth. Further, the management expects EBITDA/kg to improve to ~4142, supported by rising contributions from Pharma and FMCG. Considering these positive developments, we have an Accumulate rating with a target price of Rs. 941, based on 33x FY27E EPS....

*over or under performance to benchmark index Polycab India Ltd is one of India's largest wire and cable manufacturers. It provides electrical solutions to households and industries. Polycab's consolidated revenue from operations grew 25.7% YoY to Rs. 5,906cr in Q1FY26, mainly due to the performance of the wires and cables (W&C) segment. The W&C segment's revenue rose 30.9% YoY to Rs. 5,229cr, supported by 25% volume growth during the quarter. The fast-moving electric goods (FMEG) segment's revenue rose 17.8% YoY to Rs....