New Research Reports

National Securities Depository Limited (NSDL), is a SEBI-registered market infrastructure institution, providing depository services to retail and institutional investors.

MARKET SNAPSHOT

Retail Research

Retail Research

Eternal Limited is poised for long-term growth and improved profitability, driven by its strong market position and growth prospects in the quick commerce business (QCB). The company's focus on inventory ownership and margin improvement is expected to drive profitability. Although the industry outlook remains competitive, the company's strategy and long-term growth objectives, along with its strong management team, are expected to drive future growth. However, the stock's significant run-up in price and rich valuations limit the upside potential from current...

Q1FY26 got off to a solid start, with impressive growth in topline, new business value and stable margins. In addition, as the impact of surrender regulations normalise, new business margins are also expected to improve. HDFC Life is well-positioned for sustained growth due to its robust execution, experienced management, diversified product portfolio, extensive distribution network through continued investment in agency and branch expansion, increasing penetration in Tier 2 and Tier 3 cities,...

Total expenses surged 228.3% YoY in Q1FY26, mainly due to finance costs reaching Rs. 99cr, up from zero in Q1FY25, after Jio Credit Ltd accessed external debt markets to support its operational growth. Employee benefit expenses and other expenses grew 63.6% and 144.8%,...

Among other segments, stainless steel wire revenue dipped 3.6% YoY to Rs. 52cr. Engineering, procurement and construction (EPC) project revenue significantly declined 56.0% YoY to Rs. 99cr, largely because of a high base effect due to the...

IndusInd Bank's asset quality deteriorate further with GNPA in consumer banking segment inch up to 4.7% vs 4.1% QoQ. MFI portfolio which remains key concern segment reported rise in GNPA (@16% vs 13% QoQ). Credit growth de-grew by 4% YoY (down 3% QoQ); similarly deposit growth de-grew by 3% QoQ. MFI portfolio de-grew by 5% QoQ along with sequential decline in corporate book resulting in 6% QoQ decline in loan growth. We have revised down the credit growth to 8% CAGR (FY25-27) vs 11% earlier. NIMs remain flat at 3.5% vs 3.5% QoQ (if adjusted for one-offs during Q4FY25). Bank reported profit of Rs.6bn vs loss last...

Mold-tek packaging's (MPL) Q1FY26 result was ahead our and consensus estimates on key parameters. After a muted performance in FY25, the company had a strong come back in FY26 with a robust quarterly performance, despite a marginal de-growth in lubricants segment and lower utilization in Satara plant. The management has guided volume growth at 12-15% and net sales increase by 18-19% for FY26. Total capacity is expected to hit 70,000MT from current capacity of 63,000MT. MPL added Hocco Industries, Veedol Corporation, Variyant Lubricant, Laurus Labs and various other prominent names as its...

We maintain our BUY rating on the stock.

We maintain our HOLD rating on the stock.

We maintain our BUY recommendation on the stock

We resume our coverage with a BUY rating on the stock.

Asian Markets are trading low as investors await the outcome of the ongoing U.S.-China trade talks and the U.S. Federal Reserve meeting, due to be held on Wednesday, regarding a potential interest rate cut. The Nikkei, Hang Seng, and Shanghai Composite are trading down by 0.78%, 0.91%, and 0.03%

IPO NOTE

IPO NOTE

Newsletter

Revenue: For Q1FY26, the revenue increased by 11.4% YoY (+0.5% QoQ) to INR 85,721 Mn, below our estimates by 3.0%, led by weakness in North America, which was partially offset by higher momentum across Europe and the Emerging markets.