Institutional Reports27 Aug 2026
We maintain BUY with a new Sep‑27 target price of INR 1,100 (vs INR 1,250 earlier), based on 37x P/E, now at a 20% discount to its 5Y avg...
Institutional Reports27 Aug 2026
We downgrade our rating on JK Lakshmi (JKLC) to ADD from BUY earlier, with a lower target price of INR 680/share (8x Sep’28E consolidated...
Institutional Reports27 Aug 2026
Cyient has repositioned itself from a traditional ER&D vendor selling design capacity to an IP-led intelligent engineering platform t...
Institutional Reports21 Aug 2026
The aggregate performance of the Q1FY27 earnings season was healthy as YoY revenue growth continued its steady improvement despite geopol...
Institutional Reports21 Aug 2026
Lending financials (Strong) (Revenue/PAT growth (YoY): 15%/16% and (QoQ): 4%/1%) Strong credit growth reported by banks as system grew at...
Institutional Reports21 Aug 2026
We attended Crompton Greaves Consumer’s Investor Day, where management outlined a medium‑term growth aspiration of ~13–14% revenue CAGR o...
Institutional Reports21 Aug 2026
We hosted Orient Electric management represented by Mr. Ravindra Singh Negi, MD and CEO, and Mr. Arvind Vats, CFO, for a non-deal roadsho...
Institutional Reports19 Aug 2026
We maintain BUY on UltraTech Cement (UTCEM) with an unchanged target price of INR 13,700/share (17x FY28E consolidated EBITDA). UTCEM is ...
Institutional Reports18 Aug 2026
The regulator is taking multiple steps to broaden India’s commodity derivatives market, and MCX is the single largest beneficiary. Two co...
Institutional Reports18 Aug 2026
We interacted with Century Plyboards India management. The company indicated that following a strong Q1, demand momentum has remained hea...
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