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Hindustan Copper Limited (HCL), a prestigious Miniratna Category-I Central Public Sector Enterprise under the Ministry of Mines, stands as the only vertically integrated copper producer in India. Established in 1967, the company holds a unique strategic monopoly, controlling all operating mining leases for copper ore in the country. Its operations are comprehensively integrated, spanning from the initial stages of exploration and underground mining to beneficiation, smelting, refining, and the production of downstream value-added products like continuous cast copper wire rods. Headquartered in Kolkata, HCL operates five major units: the Malanjkhand Copper Project in Madhya Pradesh (India's largest copper ore resource), the Khetri Copper Complex in Rajasthan, the Indian Copper Complex in Jharkhand, the Taloja Copper Project in Maharashtra, and the Gujarat Copper Project. With a massive resource base of approximately 632 million tonnes of ore and a government shareholding of 66.14% as of early 2026, the company serves as a vital pillar for India's...

Arvind Fashions (AFL) is demonstrating a steady operating momentum, with its 9MFY26 performance—highlighted by a robust 8% same-store sales growth (SSSG)—underscoring the strength of its execution across retail, online, and brand portfolios, despite broader demand conditions remaining soft.

MBL continues to guide a 15-18% long-term revenue CAGR. However, the confidence in delivering the growth guidance has improved, driven by early signs of replacement demand kicking in (after a lumpy wardrobe refresh postCovid in FY23).

JKCE management highlighted a healthy domestic demand trend in 4QFY26 led by broad based demand across key segments. The pricing environment remains mixed, with stronger traction in non-trade segment relative to trade.

Cera Sanitaryware (CRS) continued to witness healthy demand momentum in 4QFY26 after clocking a healthy 11% revenue growth in 3Q, following a <5% growth since 2HFY24.

The first ATF price revision after the start of the Middle East (ME) conflict saw high frenzy—OMCs (IOCL) initially hiked domestic/international rates by 115%/107% MoM to Rs207/USD1.7 per ltr, followed by announcement of domestic scheduled airlines’ rate revision by only ~25% to Rs105/ltr as GoI action was aimed at shielding domestic air travelers from high fares (international fares unchanged).

ARBP is accelerating its growth momentum by leveraging its extensive generic portfolio and expanding into high-margin specialty and injectable segments. The company is focusing on the US market with a mix of complex generics and unique products, which is expected to result in a more balanced revenue mix. Additionally, the development of injectable and specialty products is expected to unlock new growth opportunities as they enter the commercialisation stage. The company's...

CCL Products (India) Ltd., established in 1994, is a leading global coffee manufacturer and exporter with operations across India and a presence in over 100 countries. Its diversified product portfolio includes spray-dried and freeze-dried coffee, liquid concentrates, roast and ground coffee, coffee beans, and premixed blends. The company's international footprint is supported by key subsidiaries,...

*over or under performance to benchmark index Tata Motors Passenger Vehicles Ltd (TMPV), a leading automobile manufacturer in India, designs, manufactures and sells passenger vehicles (PVs). The company's revenue declined 25.8% YoY to Rs. 69,605cr in Q3FY26, impacted by...

Domestic CV demand, which had revived post-GST rate cut, has sustained even in Mar’26. Demand revival has been positive across all CV segments.

Aurionpro Solutions: From Services Player to Global IP-Led Powerhouse

EPL has announced a merger of Indovida (a rigid packaging company) which allows Indorama Ventures to become the majority shareholder (with a 51.8% stake) in the merged entity.

We initiate coverage on Hyundai Motor India Limited (HMIL) with a BUY rating and a TP of INR 2,150 (based on 25x FY28E EPS).

We initiate coverage of Granules with BUY and SOTP-based Mar-27 TP of Rs800 (implied target EV/EBITDA of ~12x; ~30% upside). Granules fits into our framework of backing companies with a smaller US base + a US portfolio construct with strong near-term growth visibility.

ONGC's operating momentum is improving as production stabilises across mature assets and new projects move towards commissioning. Upcoming production drivers, including offshore developments and new well gas, are expected to boost volume and improve the gas mix. The growing contribution of premium-priced new well gas is expected to enhance revenue quality and account for 24% of the company's total natural gas output by FY27. The management said it is taking...

years will weigh on near-term margins but aim to deliver sustainable cost efficiencies and long-term growth. Rising input costs could pressure margins in the coming quarters, though selective pricing and supply-chain optimization should partly offset the...

We interacted with the management of Kajaria Ceramics (KJC), wherein they highlighted a gradual recovery in Q4FY26 led by 78% volume growth, supported by channel destocking and normalization of operations. Supply disruptions in Morbi (gas issues and shutdowns) have created a market share gain opportunity, aided by low...

The disruption at the Strait of Hormuz has caused a setback in global shipping, leading to slower cargo movement and rerouting. Indian ports are facing challenges such as unscheduled cargo inflows from diverted vessels, resulting in congestion and export backlogs.