Highest Upside

With a 40% upside from the CMP, we maintain our long-term BUY rating on the stock.

With a 17% upside from the CMP, we maintain our long-term BUY rating on the stock.

We maintain our BUY rating on the stock.

sustain its volume growth. Further, the management expects EBITDA/kg to improve to ~4142, supported by rising contributions from Pharma and FMCG. Considering these positive developments, we have an Accumulate rating with a target price of Rs. 941, based on 33x FY27E EPS....

About the stock: Siemens Energy India Ltd. (SEIL) is a leading player that provides technology and service in energy generation and transmission infrastructure. It has a comprehensive portfolio of products, solutions, and services designed to strengthen and expand grid infrastructure, addressing the growing demand while ensuring grid stability. Power transmission and power generation portfolio each contributed 50%...

Eco Recycling Ltd. has demonstrated significant growth over the last three years, with revenue rising from INR 177 Mn in FY23 to INR 440 Mn in FY25, reflecting a robust CAGR of 57.4%, driven by increasing demand for sustainable recycling solutions.

Fundraise to ease balance sheet pressure & fuel growth

Healthy, 35% y/y, volume growth and market-share gains in its key regions drove Sharda Cropchem’s Q2 results. Growth improved on better demand particularly in NAFTA and Europe coupled with near complete de-stocking across major regions.

Healthy, 13% y/y, volume growth and market-share gains in its key regions drove Sharda Cropchem’s Q1 results. Growth improved on the back of better demand scenario particularly in Europe and a near complete destocking across major regions.

Market share gains, the lower base (owing to elections) and sustained premiumisation drove an 11% rise in United Breweries’ volumes in Q1 (above the Street’s 5-7% estimate).