Institutional Reports25 Mar 2026
ABLBL’s recovery across segments remains steady. Weeding off unprofitable stores seems largely behind in Lifestyle brands (LB), and early...
Institutional Reports25 Mar 2026
In 9MFY26, Trent delivered ~18/21% revenue/PBT growth YoY (36bps PBTM expansion). While SSSG remained subdued at low single digits, topli...
Institutional Reports24 Mar 2026
MCX continues to deliver a compelling growth story, powered by new product launches, a stable technology platform, regulatory tailwinds, ...
Institutional Reports24 Mar 2026
Core vitals (KPIs) remain steady. Demand momentum continues as summer offtake remains healthy (per channel checks). Mid-to-high single di...
Institutional Reports18 Mar 2026
The Indian IT sector has endured a sharp 25% correction over the past three months, fuelled by investor fears that Gen-AI platforms like ...
Institutional Reports18 Mar 2026
We visited the company’s Pune manufacturing facility and interacted with the management. The plant operates nine production lines, manufa...
Institutional Reports17 Mar 2026
The company’s long-term business potential remains intact on the back of increasing content via 2W premiumization and electrification (~3...
Institutional Reports17 Mar 2026
Nykaa’s FY26 customer acquisition drive, especially in BPC (priced-in), is certainly encouraging. However, we suspect that in the medium ...
Institutional Reports17 Mar 2026
Channel checks across the footwear space suggests that MBL remains among the few footwear retailers chugging along across KPIs. The infer...
Institutional Reports17 Mar 2026
We initiate coverage of NTPC Green Energy Ltd (NGEL) with a BUY and a TP of INR 121 at 14.5x EV/EBITDA FY29 EBIDTA discounted at 12% to a...
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