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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.

1793 notes · 01 Oct 2026, 00:00 to 01 Nov 2026, 00:00 IST

07 Oct 2026, 08:41 IST Gujarat Fluorochemicals Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Mid/Small Cap) target ₹5,800

Listed among the report's top mid/small-cap fundamental picks at CMP Rs 4,577 with 27% potential upside.

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07 Oct 2026, 08:41 IST Kotak Mahindra Bank Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Large Cap) target ₹475

Listed among the report's top large-cap fundamental picks at CMP Rs 432 with 10% potential upside.

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07 Oct 2026, 08:41 IST Bharat Heavy Electricals Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Large Cap) target ₹575

Listed among the report's top large-cap fundamental picks at CMP Rs 452 with 27% potential upside.

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07 Oct 2026, 08:41 IST Lenskart Solutions Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Large Cap) target ₹850

Listed among the report's top large-cap fundamental picks at CMP Rs 685 with 24% potential upside.

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07 Oct 2026, 08:41 IST Hindustan Aeronautics Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Large Cap) target ₹5,820

Listed among the report's top large-cap fundamental picks at CMP Rs 4,816 with 21% potential upside.

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07 Oct 2026, 08:41 IST Hyundai Motor India Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Large Cap) target ₹2,520

Listed among the report's top large-cap fundamental picks at CMP Rs 1,989 with 27% potential upside.

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07 Oct 2026, 08:41 IST LG Electronics India Limited ICICI Securities Limited (ICICI Direct Research, Retail Research) Top Fundamental Pick (Large Cap) target ₹2,040

Listed among the report's top large-cap fundamental picks at CMP Rs 1,759 with 16% potential upside.

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07 Oct 2026, 08:41 IST Dabur India Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says Dabur's Q2FY27 update showed double-digit consolidated revenue growth for a second consecutive quarter with EBITDA margins impacted by input cost inflation, and that management targets double-digit consolidated revenue growth in FY27, largely price-led.

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07 Oct 2026, 08:41 IST Titan Company Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says Titan's Q2FY27 consumer business revenue grew 25% YoY with domestic jewellery growth below its estimate due to the festive shift to Q3, while watches (30%) and eyecare (28%) beat estimates; impact is marked neutral.

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07 Oct 2026, 08:41 IST Krishna Institute of Medical Sciences Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says KIMS announced four investments across Andhra Pradesh, Telangana and Maharashtra, describing them as strategically positive but with differing financial implications depending on control assessment, ramp-up and returns on capital.

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07 Oct 2026, 08:41 IST Interarch Building Solutions Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says Interarch secured a ~Rs 61 crore pre-engineered building order for a Gujarat copper refinery, far above its average order size of ~Rs 12 crore, with a 20% advance supporting working capital and 12-month execution providing revenue visibility.

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07 Oct 2026, 08:41 IST Data Patterns (India) Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says the Ministry of Defence's Rs 661.5 crore BrahMos fire control systems and launchers contract is positive for the domestic supply chain, with Data Patterns and L&T as key listed beneficiaries.

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07 Oct 2026, 08:41 IST Max Estates Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says Max Estates reported Q2FY27 presales of ~Rs 2,100 crore (up ~12.5x YoY) and H1FY27 presales of Rs 3,200 crore, describing it as an exceptional sales performance with further launches planned in Q3 and Q4FY27.

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07 Oct 2026, 08:41 IST MphasiS Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says Mphasis extended its partnership with Social Security Scotland in a deal worth ~GBP 35.4mn (~2.84% of FY26 revenues), which it says provides strong revenue visibility and deepens its UK public-sector presence.

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07 Oct 2026, 08:41 IST L&T (L&T Realty) ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says L&T Realty plans H2FY27 launches with Rs 25,000 crore development potential across Mumbai, Gurugram and Bengaluru, which it says provides strong medium-term presales and revenue visibility and diversification beyond Mumbai; L&T also appears as an open 'Gladiator' Buy call from 29-May-26 with a target of 4520 and stoploss 3798.

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07 Oct 2026, 08:41 IST Gabriel India Limited ICICI Securities Limited (ICICI Direct Research, Retail Research)

The note says Gabriel India and Faurecia Automotive Seating India will form a 50:50 JV for passenger vehicle seats with a ~Rs 50 crore equity commitment from Gabriel, and that this moves Gabriel from a ride-control company towards a broader mobility systems player with larger content-per-vehicle opportunity.

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07 Oct 2026, 08:40 IST Paramount Skydance India IPO

The note reports Paramount Skydance completed its $110-billion takeover of Warner Bros Discovery.

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07 Oct 2026, 08:40 IST Citigroup India IPO

The digest states Citigroup ranked first in global IPO underwriting through September.

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07 Oct 2026, 08:40 IST Moonshot India IPO

The note reports the Chinese AI firm plans an early-2027 Hong Kong IPO targeting up to $5 billion after a final private round at a $50 billion valuation.

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07 Oct 2026, 08:40 IST Garuda Aerospace India IPO

The digest says Garuda Aerospace secured $10 million in pre-IPO funding at a $320 million valuation ahead of a planned listing.

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07 Oct 2026, 08:40 IST Kotak Mahindra Bank Limited India IPO

The digest reports that Jefferies added Kotak Mahindra Bank to its model portfolio; it also notes Kotak Mahindra Capital ranked first in the ECM league table with 45 deals worth Rs 379 billion.

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07 Oct 2026, 08:40 IST L&T Realty India IPO

The report states L&T Realty unveiled plans to execute real estate projects worth Rs 25,000 crore through launches across three metropolitan markets in H2 FY27.

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07 Oct 2026, 08:40 IST NTPC Limited India IPO

The note says NTPC plans to procure about 10 million tonnes of commercial coal in H2 FY27 as coal stocks fall to 5.2 MT, covering only 5-6 days.

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