Institutional Reports19 May 2026
Amber Enterprises: Amber’s Q4FY26 revenue grew 10% YoY to INR 41.5bn. Consumer durables division grew 7% YoY, while electronics/railways ...
Institutional Reports18 May 2026
Tata Steel: We maintain BUY on Tata Steel with a higher TP of INR 250/share (7.5x its FY28E consolidated EBITDA). In Q4FY26, Tata Steel d...
Institutional Reports16 May 2026
JSW Steel: We maintain BUY on JSW Steel (JSTL) with a higher target price of INR 1,370/share (SOTP based). JSWS reported 6% YoY consolida...
Institutional Reports15 May 2026
Macroeconomic indicators (Score: 2/5*): India's April macroeconomic indicators reveal soft domestic momentum, characterized by sluggish G...
Institutional Reports15 May 2026
DLF: DLF reported a quarter with pre-sales of INR 39.7bn (+95.4%/+8x YoY/QoQ) primarily driven by Dahlias. Collections remained s...
Institutional Reports14 May 2026
TVS Motor: TVS Motors’ Q4FY26 EBITDA margin came in at 13.1%, including the PLI benefit of ~0.9% (up 20bps QoQ). This was in line with ou...
Institutional Reports13 May 2026
Canara Bank: Canara Bank’s (CBK) Q4FY26 earnings were soft, owing to weakness in trading profits (one-off gains from subsidiary listings ...
Institutional Reports12 May 2026
Indian Hotels: IHCL’s Q4FY26 performance was broadly in line with estimates, reflected in a healthy 14% YoY revenue growth. 10% YoY RevPA...
Institutional Reports11 May 2026
Overall B2C GOV grew 40.7% YoY (flat QoQ) to reach INR 181.3bn (HSIE: INR 184.7bn). Consolidated adj. EBITDA losses stood at INR6.52bn (H...
Institutional Reports11 May 2026
State Bank of India: SBIN’s Q4FY26 earnings missed estimates on the back of a collapse in margins (-4bps QoQ), despite healthy growth on ...
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