Research notes

The report expects Aster to deliver 1.2x/1.2x/1.6x YoY growth in sales/EBITDA/PAT owing to the merger with QCIL, and plans to add 634 beds in FY27.

The report expects Apollo to post 19%/20%/26% YoY growth in sales/EBITDA/PAT in 2QFY27 and is set to operationalize ~620 beds across metro markets.

The report forecasts Alkem sales growth of 9.5% YoY and EBITDA growth of 8.4% YoY with PAT declining 13.0% YoY in 2QFY27.

The report notes Alembic is expected to underperform peers with DF sales growth of 6.8% YoY owing to muted performance in acute and chronic segments, though it also expects 55% YoY US growth supported by Bosutinib exclusivity.

The report expects Ajanta's sales to grow 18.5% YoY driven by US and Africa segments, with DF growth of 15% YoY.

The report notes an upbeat current-quarter outlook from US-listed Micron supported the Nifty IT Index and Asian tech shares.

The report notes TD Power Systems won a confirmed Rs 192 crore order for US-based gas turbine generator supplies.

The report states GPT Infraprojects secured a Rs 385 crore order from Transnet Freight Rail, South Africa, for railway concrete sleepers over five years.

The report notes MTNL's board approved sale of its Powai property in Mumbai to the Income Tax Department for Rs 891.53 crore.

The report states CEAT has expanded its Chennai plant capabilities to boost premium tyre production for domestic and global markets.

The report notes Tata Motors' CV September sales rose 42.4% YoY to 43,487 units.

The report states Force Motors September sales rose 62% YoY to 4,027 units.

The report states SML Mahindra September sales were 1,124 units, up 18% YoY.

The report notes M&M PV sales rose 14% YoY to 64,092 units while tractor sales fell 21% YoY to 52,100 units, and the stock also appears among derivative weakness names.

The report states Escorts September sales fell 16.7% YoY to 15,214 units.

The report states VST Tillers September sales were 5,954 units, up 33% YoY.

The report notes Bajaj Auto sales of 5.28 lakh units (up 5% YoY) but lists the stock among those showing weakness in the derivative outlook and among disappointing September sales names dragging the Nifty Auto Index.

The report cites Eicher Motor September sales of 1.34 lakh units, up 8% YoY, while also noting the stock contributed to disappointing September auto sales data that pressured the Nifty Auto Index.

The report states Maruti's September sales were 236,013 units, up 24% YoY, though it is also cited among auto names with disappointing data weighing on the Nifty Auto Index.

The report notes Hyundai Motor India recorded its highest-ever monthly sales in September at 77,916 units, up 10.8% YoY.

The report highlights Leela Palaces Hotels & Resorts on technical radar, noting more momentum above 586 with support at 555 on strong bullish candle and robust volumes.

The report flags an ONGC futures SELL trade for 27th Oct, citing a consolidation breakdown and overall downtrend with resistance at 233.

The report gives a technical conviction delivery BUY call on Syrma SGS Technology at CMP ₹1783 with SL ₹1728 and target ₹1893, citing a Pole and Flag breakout and RSI bullish crossover; it also appears in the Focus Investment Ideas table with target Rs 2,000.

The report lists Emcure Pharma as a Focus Investment Idea with a Buy rating, CMP Rs 1,943 and target Rs 2,300, implying 18% upside.

The report lists Adani Ports as a Focus Investment Idea with a Buy rating, CMP Rs 1,798 and target Rs 2,130, implying 18% upside.