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Research notes

What India's research desks published, reported with attribution and linked to the original notes. Orivam issues no recommendations of its own.

Times are IST

2527 notes · all time

13 Oct 2026, 11:09 IST APL Apollo Tubes Limited HDFC Securities BUY target Rs 2,350

The note reports APAT delivered 13/29% YoY/QoQ volume growth driven by the higher-margin APL Apollo brand, expects flattish margins QoQ, and maintains its BUY rating and target price.

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13 Oct 2026, 11:09 IST JINDAL STEEL LIMITED HDFC Securities BUY target Rs 1,210

The note expects Jindal Steel to deliver strong 25% YoY volume growth from recent expansion ramp-ups, while estimating the largest margin contraction among coverage companies, and maintains its BUY rating and target price.

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13 Oct 2026, 11:09 IST JSW Steel Limited HDFC Securities BUY target Rs 1,410

The note expects JSW Steel's sales volume to rise 2/20% YoY/QoQ aided by gradual ramp-up of BF3 at Vijayanagar, and maintains its BUY rating and target price.

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13 Oct 2026, 11:09 IST Tata Steel Limited HDFC Securities BUY target Rs 250

The note expects Tata Steel to deliver flattish YoY consolidated volumes with India deliveries up 7% YoY offset by declines in EU and Thailand, and maintains its BUY rating and target price.

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13 Oct 2026, 09:15 IST Tata Motors Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report states Tata Motors and Stellantis partnered to develop vehicles in India for more than 50 global markets.

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13 Oct 2026, 09:15 IST L&T Technology Services Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report states L&T Technology Services launched an AI-native Engineering Intelligence Lab focused on digital manufacturing and physical AI applications.

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13 Oct 2026, 09:15 IST HCL Technologies Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report states HCLTech signed a partnership with Anthropic to establish a dedicated AI business unit.

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13 Oct 2026, 09:15 IST CREDITACCESS GRAMEEN LIMITED Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report states CreditAccess Grameen raised $175 million through a syndicated social loan to support lending and financial inclusion initiatives.

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13 Oct 2026, 09:15 IST Emcure Pharmaceuticals Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report states Emcure Pharmaceuticals approved the merger of its subsidiaries Zuventus Healthcare and Emcutix Biopharmaceuticals into the parent company as part of corporate restructuring.

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13 Oct 2026, 09:15 IST ITC Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report lists ITC among the top losers, down 2.02-3.15%.

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13 Oct 2026, 09:15 IST BSE Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report lists BSE among the top gainers, up 1.31-2.71%.

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13 Oct 2026, 06:21 IST Can Fin Homes Limited HDFC Securities BUY target INR 1,060

The note says Can Fin Homes' Q2FY27 earnings were largely in line with estimates, with a temporary disbursement slowdown due to tech transformation expected to reverse from Q3, while profitability metrics remain strong.

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