Brokers flag Q2FY27 updates from Dabur, Titan, Max Estates and Mphasis; no fresh exchange filings analysed today

Orivam's own review of today's NSE and BSE filings found nothing to report — no new disclosures were analysed. Today's brief is therefore built entirely from broker research published during the day, with ICICI Securities (ICICI Direct Research) the sole source.

ICICI Direct's notes covered a cluster of Q2FY27 business updates. Dabur India reported double-digit consolidated revenue growth for a second straight quarter, though the note says EBITDA margins were hit by input cost inflation; management is said to be targeting double-digit, largely price-led revenue growth for FY27. Titan's consumer business revenue grew 25% year-on-year, with domestic jewellery coming in below ICICI Direct's estimate on a festive-season shift into Q3, while watches (30%) and eyecare (28%) beat estimates; the broker marks the overall impact neutral. Max Estates posted Q2FY27 presales of roughly Rs 2,100 crore, up about 12.5 times year-on-year, taking H1FY27 presales to Rs 3,200 crore, which the note calls an exceptional sales performance with further launches planned in Q3 and Q4.

On corporate actions, ICICI Direct flagged Mphasis extending its partnership with Social Security Scotland in a deal worth about GBP 35.4 million, roughly 2.84% of FY26 revenues. Interarch Building Solutions won a pre-engineered building order worth about Rs 61 crore for a Gujarat copper refinery, well above its average order size of about Rs 12 crore, with a 20% advance and 12-month execution timeline. Gabriel India and Faurecia Automotive Seating India agreed to form a 50:50 joint venture for passenger vehicle seats, with Gabriel committing about Rs 50 crore in equity; the note frames this as a shift from ride-control products toward broader mobility systems. Separately, the Ministry of Defence's Rs 661.5 crore contract for BrahMos fire control systems and launchers was noted as positive for the domestic supply chain, naming Data Patterns (India) and L&T as listed beneficiaries. KIMS was flagged for four new investments across Andhra Pradesh, Telangana and Maharashtra, and L&T Realty for planned H2FY27 launches with Rs 25,000 crore of development potential across Mumbai, Gurugram and Bengaluru.

ICICI Direct also carried its running lists of rated stocks: open 'Gladiator' cash-segment Buy calls on Reliance Industries, Power Grid, Asahi India Glass, Supriya Lifescience, Sona BLW Precision Forgings and L&T, each with specified entry ranges, targets and stop-losses over three months; and its top fundamental picks across large-cap names (including Kotak Mahindra Bank, BHEL, Lenskart, Hindustan Aeronautics, Adani Ports, Hyundai Motor India and LG Electronics India) and mid/small-cap names (including Apollo Micro Systems, Pondy Oxides & Chemicals, Saregama India, NRB Bearing, Radico Khaitan, Centum Electronics, Bharat Forge, Jindal Stainless, Astral and Gujarat Fluorochemicals), each listed with current price and stated upside to target.