Buy

SBI is expected to sustain its steady performance in terms of growth and profitability in the near to medium term. Asset quality is holding up well and the portfolio is still not showing worrying signs, including unsecured retail loans despite the slowdown in growth.

Coal India Limited (CIL) has had low volume growth this year (YTDFY2025) as the second quarter was impacted by stronger than expected monsoon season. The resulting weak power demand affected the coal offtake.

LPC's domestic region in-licence portfolio fell from 15% in Q2FY24 to 12% in Q2FY25 and is expected to reduce further to ~10% by FY26

Dixon Technologies has signed a binding term sheet with vivo India to undertake OEM business of electronic devices, including smartphones. The company would hold 51% stake in the JV, while vivo India would hold 49%, with no cross-stakes between them

We reiterate our BUY rating on Ashok Leyland (ALL) on (1) its focus on profitability over plain vanilla volume growth strategy, (2) sustaining EBITDA margin over the 10% mark, (3) passing on cost inflation to customers to save profitability

We value the company using the DCF method and arrive at a target price of Rs 2,560/share, implying an upside of 21% from the CMP.

We recommend a BUY rating on the stock with a target price of Rs 111/share, implying an upside of 10% from the CMP.