The upgrade was driven by the recent correction in the stock price and an upward revision in earnings estimates, while maintaining a positive view on Polycab's medium-term growth prospects, adds the brokerage.
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The upgrade was driven by the recent correction in the stock price and an upward revision in earnings estimates, while maintaining a positive view on Polycab's medium-term growth prospects, adds the brokerage.
In Q1, ITC Hotels reported 10% YoY hotel revenue growth and 13% YoY hotel Ebitda growth, in spite of geopolitical factors impacting its Apr'26 performance, adds ICICI Securities
HDFC Securities highlighted Tech Mahindra's stronger-than-expected Q1 FY27 performance, with revenue growth of 2.6% QoQ in constant currency terms and Ebit margin expansion to 14.4%.
Jio Financial posted a healthy quarter, with Jio Credit scaling up well as its assets under management crossed Rs 30,000 crore.
Execution pace to continue for the next few quarters, order book conversion given the 7.2x book-to-bill, sustainability of the power segment margin improvement into H2 FY27, scale-up of the non-thermal order book (nuclear, defence, transmission) into revenue, adds the brokerage.
Multiple growth engines, an expanding capitallight credit solutions ecosystem, operating leverage, and normalising credit costs should enable PAT growth to materially outpace AUM growth, driving a structural improvement in return ratios, adds the brokerage.
Wipro's Q1 revenue was a mild miss, and management remains cautious on near term environment, with concerns primarily coming in from slow revenue conversions and delayed client decision making, adds the brokerage.
Tech Mahindra's ongoing turnaround under its new leadership continues to progress well and the brokerage believes stronger deal ramp-ups, broad-based demand across verticals, and sustained margin expansion support its positive outlook on the stock.
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Motilal Oswal has reiterated its positive stance on India's Electronics Manufacturing Services sector after the Union Cabinet approved an outlay of Rs 1.27 lakh crore for Semicon 2.0 and Rs 62,500 crore for the Mobile Phone Manufacturing Scheme (MPMS).
HDFC Life and HDFC AMC are likely to remain in focus after the brokerage firm Motilal Oswal maintained its bullish stance on both companies following their June quarter earnings, citing resilient growth, healthy profitability and strong long-term growth drivers.
HDFC Securities believes the insurance sector continues to offer attractive long-term opportunities, with ICICI Lombard's market leadership and ICICI Prudential's improving product mix standing out, while Union Bank's growth trajectory will depend on its ability to strengthen deposit mobilisation
Union Bank of India's net interest margin expanded 16 basis points QoQ to 2.80%, management has guided margins to improve further, adds the brokerage.
The brokerage believes Unimech is strategically positioned to capture structural tailwinds in the aerospace and defense, energy and semiconductor equipment sectors.
Groww continues to report strong revenue growth YoY, backed by rising user adoption of products as well as robust user activation, and Its brokerage business is gaining market share across segments, with recent product launches, such as MTF and commodities, fueling further growth, adds the brokerage.
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Tata Elxsi's margins contracted despite a 50 bps tailwind from currency benefit, impacted majorly by one off item related to transaction costs and employee retention costs, and investments in people and capabilities.
L&T Technology has delivered timely pivots with robust execution, which is helping the company gain market share in the ER&D space, adds the brokerage.
Motilal Oswal highlighted that there are multiple catalysts in FY27, even as the stock dips 11% in three months .
Dolat Capital believes Pearl Global is entering a multi-year growth phase, supported by structural tailwinds including China+1 sourcing, supplier consolidation towards large compliant manufacturers, and improving market access through the IndiaUK and IndiaEU FTAs.