Research notes

The note suggests buying Voltas' 1100 Put option for October expiry on a short-buildup logic, with target 50.

The note suggests buying MCX's 3300 Call option for October expiry on a short-covering logic, with target 160.

The note suggests buying IndiGo's 5100 Call option for October expiry on a short-covering logic, with target 200.

The note flags Welspun Living as a technical stock on radar citing a consolidation breakout and holding above the 100-day moving average.

The note flags RBL Bank as a technical stock on radar citing a daily chart range breakout, RSI bullish crossover and robust volumes.

The note gives a technical conviction delivery BUY idea on JSW Infrastructure at CMP 367 with target 398 and stop loss 352, citing range breakout and volume surge.

The note lists Adani Ports as a Focus Investment Idea with a BUY rating and target of Rs 2130.

The note lists Eternal as a Focus Investment Idea with a BUY rating and target of Rs 400.

The note lists Emcure Pharma as a Focus Investment Idea with a BUY rating and target of Rs 2300.

The note lists Syrma SGS Technology as a Focus Investment Idea with a BUY rating and target of Rs 2000.

The note lists Radico Khaitan as a Focus Investment Idea with a BUY rating and target of Rs 5000.

The note gives a Velocity Idea BUY call on HAL with target ₹5,500 and stop loss ₹4,600, citing improved engine deliveries for Tejas Mk1A and multiple growth levers across programs.

The note rates Pearl Global BUY with a target of INR 1365, citing new manufacturing capacity in Bangladesh, planned capacity expansion, and strong revenue/EBITDA/PAT growth projections.

The note upgrades IDFC First Bank to BUY with a target of INR 105, citing strong balance sheet growth, FCNR(B) mobilisation benefits, improving asset quality and expected earnings recovery.

The note reports Lemon Tree Hotels opened a new property in Nashik via its subsidiary Carnation Hotels, expanding its Maharashtra presence, viewed positively.

The note reports Manappuram Finance entered a two-year jewellery manufacturing agreement with Titan, viewed positively for visibility through a marquee customer.

The note says DGTR recommended a five-year continuation of anti-dumping duty on flat-rolled aluminium imports from China, which is noted as benefiting Hindalco.

The note lists a Voltas 1140 PE buy put idea on long liquidation logic with buying range 25-26, SL 20 and target 36.

The note lists an Atherenerg 1560 PE buy put idea on short buildup logic with buying range 53-54, SL 47 and target 66.

The note lists a Policy Bazaar 1840 CE buy call idea on long buildup logic with buying range 43-44, SL 37 and target 56.

The note lists a Glenmark 2420 CE buy call idea on long buildup logic with buying range 42-43, SL 37 and target 53.

The note says Urban Company is firmly holding above its 50DEMA with a surge in volumes and immediate support at 159.

The note observes a range breakdown and lower highs/lows on UPL's daily chart with immediate resistance at 569, and separately lists a UPL 550 PE buy idea on short buildup logic.

The note gives a technical conviction delivery buy recommendation on PB Fintech at CMP 1827 with SL 1772 and target 1937 for a 1-week duration.

The note lists Granules as a focus investment idea with Buy rating, CMP 836 and target 1,010.