Institutional Reports16 Sep 2026
Macroeconomic indicators (Score: 1/5*): GST collection growth softened to high single-digit levels in August 2026, while CPI inched up gr...
Institutional Reports15 Sep 2026
We maintain ADD on Birla Corp (BCORP) with a revised target price of INR 1,140/share (8x its Sep’28E consolidated EBITDA). We interacted ...
Institutional Reports15 Sep 2026
After a soft FY26, in which revenue growth decelerated to 5.8% YoY (vs 3Y CAGR of 27%) and EBITDA margin contracted ~651bps to 51.2%, we ...
Institutional Reports15 Sep 2026
We attended Somany Ceramics' analyst meet, represented by Mr. Abhishek Somany (MD and CEO), Mr. Shrivatsa Somany (Head - Bathware), Mr. A...
Institutional Reports08 Sep 2026
We maintain BUY on Oil India (OIL) with a revised TP of INR 568 per share. In the next three years, company’s earnings will be led by (i)...
Institutional Reports07 Sep 2026
India’s alcoholic beverages industry is entering a decade of structural transformation, supported by favourable regulatory shifts in key ...
Institutional Reports07 Sep 2026
The Closing Auction Session (CAS), live since 3 August 2026, has delivered the sharpest volume dislocation the Indian derivatives industr...
Institutional Reports07 Sep 2026
UTCEM officially forayed into the wires & cable (W&C) industry under the brand name “Ultravolt,” as it commissioned a 1mn km capa...
Institutional Reports07 Sep 2026
We maintain REDUCE with a Jun‑27 TP of INR 2,100, on 40x P/E. Under new leadership and amid the evolution of the India market, HUL is shi...
Institutional Reports03 Sep 2026
We maintain BUY with a Sep‑27 TP of INR 1,100, based on 37x P/E, set at a 20% discount to the 5‑year average forward P/E. Following the l...
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