Buy

We attended a group interaction of investors with IOCL management. Laying out his vision of a comprehensive roadmap for growth, Chairman MR AK Sawhney highlighted with the acronym SPRINT – Strengthening core business, Propel cost optimisation, Reinforce customer centricity, Integrate tech & innovation, Nurture leadership and be Transition ready.

We recommend a BUY rating on the stock with a target price of Rs 340/share, implying an upside of 10% from the CMP. We believe that the current valuations are attractive and the the CMP provide a good entry point

MAHGL is set to deliver robust earnings growth, driven by aggressive CNG network expansion, improving throughput at existing stations, and strategic land tie-ups that strengthen long-term visibility.

At the forefront of technology, set to enter its next growth phase

M&A led capability building: M&A has been pivotal to KPIT's capability expansion & profitability. The Caresoft deal (largest in five years) brings CV/off-highway expertise, software benchmarking, and China market access. Earlier, Technica added strengths in E/E architecture & device networking. These targeted acquisitions deepen KPIT's technical moats, scale highgrowth lines rapidly, and support margin accretion via operating leverage as KPIT integrates and cross-utilizes acquired talent & IP across clients. We...

Godrej Agrovet (GOAGRO) has exhibited a pronounced and sustained recovery across its metrics over the last 12–18 months, as cost and margin gains prevailed over soft volume growth.

Sudarshan Chemicals reported Q1 FY26 Rs25.1bn consolidated revenue (y/y, q/q not comparable), with Heubach contributing Rs18.8bn and the pigment business Rs5.8bn (down 2% y/y).

With the GST cut boosting soaps and men’s grooming range (~35% of its domestic range) and innovations (Godrej Fab, Godrej Ninja) scaling up well, Godrej Consumer Products is an attractive play on consumption recovery.