Research Reports

Among the three stocks, Aye Finance offers the highest indicated upside at 50%, supported by improving profitability and asset quality, although the brokerage has sharply reduced its target price to account for near-term uncertainties.

According to the brokerage, the global and Indian defence spending is on an upswing, driven by multiple conflicts worldwide. India's defence budget is expected to grow at double digits, while the private sector could outpace industry growth, supported by government's focus on indigenisation and an increasing role in exports.

KEI Industries' exports are expected to accelerate, supported by a strong Rs 990 crore overseas order book, adds the brokerage.

Adani Green Energy delivered a good Q2, with revenue rising 40% YoY to Rs 4,140 crore, Ebitda surging 46% to Rs 3,800 crore and PAT at Rs 660 crore, all beating consensus estimates, according to ICICI Securities.

Nippon Life posted steady quarter but one-off item affects profits for Q2 FY27, says PL Capital

In the long term, increased volume of work from top clients, new logo additions, cross-selling, and synergy from acquisitions will drive Sagility's revenue/Ebitda/PAT compound annual growth rate of 17%/19%/23% over FY26-28, says Motilal Oswal.

HDFC Securities has released its latest Q2 FY27 earnings review, sharing its outlook on SRF, Havells, Cyient, CreditAccess Grameen To Mahindra Lifespaces. The brokerage has assessed the companies' quarterly performance, growth prospects and key risks, while revisiting its stock ratings, target prices and earnings estimates following the September-quarter results.

While SRF's Q2 operating performance missed Nirmal Bang and consensus estimates, the management sounded incrementally optimistic on sequential recovery in H2 FY27 and updated chemicals segment revenue guidance from 15%-20% to 20% in FY27, and Nirmal Bang likes the management's approach of diversifying within each segment and cater to newer high growth areas like batt...

Systematix noted Colgate's strong brand equity, potential for mix enrichment, best-in-industry margins, and strong pricing power, but await growth stabilisation at more favourable levels going forward.

Motilal Oswal continues to believe Swiggy's food delivery franchise and brand recall provide long-term strategic value; however, a clear path toward quick commerce Ebitda profitability remains critical for a meaningful re-rating.

Sai Life is well placed to benefit from the shift toward outsourcing in small molecules, given its integrated capabilities across discovery, development and manufacturing and strong process chemistry expertise, believes the brokerage.

Localisation of advanced technologies, new customer programs, and India's emergence as an export hub should support Tenneco's market- and wallet-share gains, says the brokerage.