Institutional Reports17 Dec 2025
The lower house of the Indian Parliament passed the much awaited “Sabka Bima Sabki Raksha (amendment of Insurance laws) Bill, 2025” yeste...
Institutional Reports16 Dec 2025
IndiaMART has been facing elevated churn in its silver-tier customer segment, which has weighed on both net additions and collections gro...
Institutional Reports16 Dec 2025
Macroeconomic indicators (Score: 2/5*):- CPI growth rose marginally, while WPI increased month-over-month but remained negative, concurre...
Institutional Reports15 Dec 2025
We maintain SELL recommendation on Fine Organics with a TP of INR 3,600. The company is likely to incur a capex of INR 7.5bn for SEZ expa...
Institutional Reports15 Dec 2025
We attended Siemens India’s (SIL) analyst day, where management highlighted a possible pick-up in the private sector capex as private con...
Institutional Reports12 Dec 2025
We maintain our BUY rating on JK Lakshmi (JKLC) with a revised target price of INR 1,080/share (10x FY28E consolidated EBITDA), post our ...
Institutional Reports11 Dec 2025
We maintain a BUY rating on Nuvoco Vistas, with a revised target price INR of 470/share (9x FY28E consolidated EBITDA). Nuvoco is expandi...
Institutional Reports11 Dec 2025
We attended Siemens Energy India (SEL) analyst day, where management articulated a strategy that capitalizes on its unique position at th...
Institutional Reports08 Dec 2025
The Indian IT services sector is positioned for a growth recovery starting in 2026, following a phase of muted performance from 2022 to 2...
Institutional Reports08 Dec 2025
We have analyzed the potential impact of the INR reaching its lowest level against the USD on Indraprastha Gas (IGL) and the price hike n...
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