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We expect sharp earnings recovery for SAIL, with EBITDA/t rising to Rs7,000-7,500 in the next two quarters (vs ~Rs4,500/t in Q3). This would be driven by inventory unwind and improved realization (QTD average at +11% for flats and +17% for longs vs Q3), partly offset by higher coking coal costs (+18% QoQ).
NTPC Ltd owns and operates electricity generation plants that supply power to state electricity boards in India. The company generates power from coal, gas, liquid fuel, nuclear, hydro, solar, wind and other renewable energy sources. It has an installed...
Bank of Maharashtra has formed a classic Cup and Handle pattern on the weekly timeframe, indicating a potential trend reversal and medium-term continuation on the upside. The stock witnessed a rounded bottom formation over the past several months, followed by a shallow consolidation (handle) near the breakout zone. This structure reflects strong accumulation at lower levels and gradual improvement in price...
M&MFIN has undergone a healthy corrective phase, retracing nearly 17% from its all-time high, which appears more structural than impulsive in nature. After the decline, the stock has shown signs of stabilization and has formed a base near the 50-day DEMA, a level that has historically acted as a strong dynamic support. The recent price action indicates demand emerging at lower levels, suggesting that the correction may be nearing...
FY25 Product mix: Sale of products ~87%, Services ~13% Q3FY26 Results: On consolidated basis revenue for the quarter came in at 1,075 crore, up ~12.5% YoY. EBITDA in Q3FY26 stood at 199 crore with corresponding...
D2C transition, diversified fee income, and risk management to aid RoA expansion Northern Arc Capital (NACL) has created a technology-driven, diversified financial services ecosystem catering to the credit needs of underserved households and businesses across India.
The Indian Room Air Conditioner (RAC) market is expected to grow at a strong 19% CAGR over FY26E28E, driven by rising consumption and low penetration of just 8%, which offers significant headroom compared to...
HOMEFIRS: Tech-driven, connector-led affordable housing lender ........................ 4 Underwriting model - Key features ............................................................................................ 4 Investment Arguments .......................................................................................................................... 8 Deepening distribution across geographies .......................................................................... 8 Making tech ubiquitous at every stage..................................................................................... 9 Distribution-light model keeps costs under control ......................................................... 11 Steady yields, strong liability profile to aid maintain spreads ..................................... 12 Expect higher credit costs over the near term ................................................................... 14...
ABB’s 4QCY25 reported PAT came ahead of our estimates. The positive surprise was 52% YoY growth in order inflows, with 27% YoY growth in base inflows and large order inflows.
We met with the CFO of Mphasis to discuss AI, demand trends, large deals, and the balance sheet. Management’s key message was that the current AI debate is running ahead of business reality.
Oil & Natural Gas Corporation (ONGC) has confirmed a decisive breakout from a well-formed rounding bottom pattern on the weekly timeframe, signaling a structural trend reversal from accumulation to expansion. The stock has reclaimed its key moving averages (20, 50, 100, and 200 EMA), indicating strong improvement in medium- to long-term momentum. Price action has also moved above the...
We reiterate our BUY recommendation with a revised TP of Rs 87/share, implying an upside of 24% from the CMP, valuing the stock at 1.4x Sep'28E ABV (vs 1.6x earlier) for a RoA/RoE delivery of 1-1.2%/9-12% over FY27-28E vs 0.4/3.7% in FY26E.
About the stock: CIE Automotive India (CIE), part of the Spain-based CIE CY25 consolidated revenue mix India 65%, Europe 35%. Forging is over 51% of consolidated sales (85% in Europe and 35% in India). Q4CY25 Results: Consolidated revenue for Q4CY25 came in at 2,393 crores, up 13% YoY. EBITDA for the quarter stood at 348 crores (up 16% YoY) with corresponding EBITDA margins at 14.5% (down 50 bps QoQ). CIE India sales were up 12% YoY at 1,544 crore and EBITDA margins at 16.8% while European operations reported revenues of 782 crore (up 21% YoY; real growth 4% + forex...
UPL has unveiled a strategic three-phase restructuring of its operations to establish a pure-play listed crop protection company by consolidating its global and domestic franchises.
revenue, underscoring its global competitiveness. It holds several strategic distinctions, including being the first manufacturer of refrigerant gases in India, the only domestic producer of hydrofluoroolefins (HFOs), and one of the largest global producers of BF. Operationally, Navin Fluorine runs one of India's largest integrated fluorochemical complexes, with manufacturing facilities at Surat and Dahej (Gujarat), Dewas (Madhya Pradesh), and Manchester (UK). Its innovation capabilities are supported by a DSIR-approved Navin Research Innovation Centre (NRIC) in Surat and an R&D facility for Navin Molecular at Dewas. With long-term supply contracts across pharmaceutical and agrochemical intermediates and multi-year strategic partnerships with global innovators, the company...