Consolidated revenue rose 31% YoY (normalized growth 12% excluding Golden Star & U.S. tariff) to Rs. 2,766cr. North America (~46% revenue mix), grew 47% YoY (16% normalized ), followed by India (30% mix) grew 13% YoY, Europe surged...

while domestic consumption and premiumization trends provide a strong growth runway. TTK is expanding capacity, talent, and distribution, targeting ~1,000 Xclusive stores and leveraging the Judge brand for mass portfolio. We value TTK at...

HCL Technologies delivered a standout Q3FY26, driven by resilient growth, strong deal bookings, and expanding AI leadership. Revenue rose 4.8% CC YoY to USD 3.8bn, supported by balanced momentum across services including engineering & software. ER&D services remained the key growth engine, reflecting rising demand for advanced AI, Physical AI, and custom silicon solutions. Net new bookings surged to USD 3bn, the highest in four years, highlighting sustained client confidence. Margins improved sequentially, backed by disciplined cost management and operating leverage which were partially offset by wage hikes and restructuring...

delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. Q3FY26 Performance: HCLTech reported revenue of US$3,793 mn, up 4.1% QoQ/ 7.4% YoY (in CC terms up 4.2% QoQ/ 4.8% YoY). The services business was up by 1.8% QoQ/5% YoY CC. EBIT margin at 18.6% (ex-one-time impact from new labour code of 956 crore), was up ~118 bps QoQ, Services (IT & Business services and ER&D services) margin stood at 16.4%, down ~10 bps QoQ. PAT stood at 4,795 crore, up 13.2% QoQ/ 4.4% YoY while ex-one-time impact from new labour code of...

HCL Tech posted a strong Q3 FY26 with broad-based growth, solid deal wins, and margin expansion. The company reaffirmed its Services growth guidance to 4–5% YoY CC, maintaining overall guidance at 3–5% YoY CC, and EBIT margin at 17–18% despite near-term wage headwinds.

TCS reported a stable operational performance in Q3FY26, although reported profitability was impacted by exceptional items.

Avenue Supermarts (DMart) continues to operate as a business focused on stability rather than growth acceleration. Margins delivered a positive surprise, with EBITDA margin at 8.4%, driven by execution discipline and cost control despite an unfavourable mix.

Despite the increased operating costs impacting profitability, ZEEL remains *over or under performance to benchmark index optimistic about the future, as the costs are expected to stabilise. It hopes to capitalise on increased advertising and subscription revenue across segments, which should drive the performance. The recent GST rationalization is expected to give rise to positive trends, prompting advertisers and consumers to increase their spending. ZEEL trades at a 39% discount to its 5-year average forward P/E, presenting an attractive entry point. Despite an increase in the number of...

We believe the relief measures indicate GoI’s steadfast commitment to maintaining a 3+1 market structure in the Indian telecom industry.

Transformers and Rectifiers India Limited (TARIL) has a wide range of transformers, like Power & Distribution Transformers, Furnace Transformers, Rectifier Transformers & Special Transformers. Company has strong in-house design & technical expertise, along with...