Research notes

The note says the company acquired 100% of Purvi Gems for Rs 9 Cr on 7 October 2026.

The note says the board approved up to Rs 50 Cr investment in RPLPL, with total acquisition consideration remaining Rs 202.08 Cr.

The note says L&T Energy CarbonLite secured a Limited Notice to Proceed for the 2x800 MW Chandrapura thermal power plant in Jharkhand.

The note says the company approved acquiring 51% of Sarvottam Health Care for up to Rs 80 Cr and up to 51% of Insignia Healthcare, a 150-bed hospital operator.

The note says the company completed a Rs 550 Cr payment through subsidiary Vibhav Energy to acquire Wind World India's 4.5 GW wind O&M business.

The note says the company announced a Rs 500 Cr expansion of HCL IT City in Lucknow, creating 9.5 lakh sq ft of space and 4,500 jobs.

The note says the company signed a JV agreement with FORVIA for a seating JV closing by end-2026, with the board approving up to Rs 49.99 Cr investment.

The note says the company received PNGRB authorisation for an LPG pipeline from Paradip to Raipur with a Rs 1,800 Cr EPC scope over 36 months.

The note says the company won an order to supply 12 rakes of BLSS wagons with Brake Van Type BVCM worth Rs 87.15 Cr.

The note says the company received a Rs 368.98 Cr Letter of Acceptance from Chennai Metro Rail Limited for Thirumangalam Metro Station buildings.

The note says Brookfield agreed to acquire a 10.5 million sq ft industrial logistics portfolio from ESR India for Rs 4,300 crore.

The note says the RBI formally removed Paytm Payments Bank from the second schedule of the RBI Act after the earlier cancellation of its banking licence.

The note cites Suzlon's Girish Tanti saying India's wind power capacity could surpass 250 GW by 2035, exceeding current government projections.

The note says Reliance is expected to more than double Venezuelan crude imports to about 465,000 barrels daily, a seven-year high, and that Kiko Milano plans India expansion through Reliance Retail.

The note says NTPC is narrowing down three sites in Madhya Pradesh, Bihar and Odisha for 6-12 GW of nuclear capacity and plans to invest Rs 14,000 crore in a coal gasification facility at Talaipalli, Chhattisgarh.

The note says Ola Electric fixed Rs 27 per share for its Rs 1,000-crore rights issue, offering two rights shares for every 25 held, with promoter participation.

The note says Airtel raised postpaid tariffs by 2.9%-3.1% effective October 8, its first broad-based revision in over two years, and that Jio and Airtel are targeting premium and postpaid subscribers to improve ARPU.

The note says the company filed its DRHP with SEBI for an IPO comprising a fresh issue of up to 7.1 crore equity shares, with proceeds mainly for advanced machinery.

The note says the company has set its IPO price band at Rs 105-112 per share for an issue size of about Rs 116 crore, with bidding opening October 13.

The note says HSIE maintains BUY with a Sep-27 target of INR 700 at 45x P/E (a ~20% discount to the three-year forward average), noting management guidance of 100-150bps FY27 margin compression (200-250bps in Q2FY27E), weighted average inflation of ~7% partly offset by a 5% price hike, an 8% cut to FY27E EPS, and that the stock is down ~35% YTD with a strong Q3 seen as pivotal for sentiment.

The note flags call volume at 2.9x and put volume at 3.3x their 20-day averages, with the stock up 2.2%.

The note says put open interest stands at 92.3% of its record high.

The note flags a put-to-call volume ratio of 1.2 and put OI at 95.1% of its record high.

The note flags a high put-to-call volume ratio of 1.8 and put volume at 5.6x its 20-day average, with the stock down 3.4%.

The note flags put open interest at 2.2x its 20-day average.