Research notes

The report maintains a SELL rating on Deepak Nitrite with a revised target price of INR 1,532, citing limited near-term volume growth, rising leverage from debt-funded capex, and global oversupply in phenol and polycarbonate pressuring margins, with EPS CAGR expected at -9% over FY27-29E.

The report notes IndusInd Bank's quarterly results were marginally above expectations with sales up 3.6% YoY.

The report lists an open short-term BUY trading call on Orient Hotel in the 157-154.27 range with a target of 166 and stop loss of 147, valid till 5-Nov-26.

The report lists an open short-term BUY trading call on TVS Motor in the 4041.40-4062 range with a target of 4290 and stop loss of 3875, valid till 29-Oct-26.

The report states AU Small Finance Bank's PAT surged 53% YoY to Rs 858 crore, described as in line with expectations.

The report states Kotak Mahindra Bank's standalone net profit expanded 29.5% YoY to Rs 4,212 crore, described as in line with expectations.

The report states SBI Cards' net profit surged 75% YoY to Rs 778 crore, marginally above expectations.

The report states DCB Bank posted its fifth consecutive quarter of record earnings with net profit up 28.54% YoY, described as in line.

The report states Shriram Finance posted a 59.37% YoY surge in standalone net profit to Rs 2,071 crore, though the results table marks the performance as below expectations.

The report states Tata Motors reported strong Q2FY27 results with consolidated revenue up 36.3% YoY and wholesale volumes up 42% YoY, described as above expectations.

The report notes the company's transmission scheme for Renewable Energy Zone integration in Koppal-II and Gadag-II, Karnataka has been fully commissioned.

The report states Infosys posted in-line Q2FY27 numbers, signed large deals worth $5.2bn, but reduced FY27E revenue guidance to 1-2% growth.

The report states Coforge's Q2FY27 numbers were in line with estimates, with EBIT margin guidance for FY27E upgraded from 15.5% to 16.0% and revenue up 53.6% YoY.

The report states overall numbers were weak, with operating margin contracting 410bps YoY and net profit down 13% YoY, below expectations.

The report states quarterly revenue grew 45.3% YoY and net profit surged 89% YoY, though it flags expected margin pressure from rising input costs.

The report notes the company received an order worth Rs 47.5 crore (excl. taxes) from Shyam SEL & Power Limited.

The report states quarterly revenue grew 50.8% YoY and operating profit rose 53.8% YoY, though net profit declined 9.6% YoY, described as in line with expectations.

The report notes the US FDA concluded an inspection at its Goa facility, closing with a Form-483 citing one observation.

The report states quarterly operating profit surged 160% YoY and net profit rose 247% YoY despite a 2.4% revenue decline.

The report states overall quarterly performance was weak, with revenue declining 1.5% YoY and net profit down 31.3% YoY, below expectations.

The report states quarterly revenue grew 20.5% YoY but net profit declined 10% YoY to Rs 68.6 crore, with an exceptional loss of Rs 32.2 crore.

The report states quarterly revenue grew 16% YoY to Rs 456.5 crore while net profit declined 2% YoY to Rs 56.2 crore.

The report notes the company received new orders worth Rs 2,872 crore from Power Grid.

The report states the company will invest Rs 4,750 crore in new chemical and fertiliser facilities and has signed an agreement with the Odisha government.

The report notes the company received an order worth Rs 588.6 crore (incl. taxes) from Rail Vikas Nigam, to be executed over 30 months.