Research notes

The report maintains a REDUCE rating and unchanged target of Rs 360, expecting ~7% YoY revenue growth and weak profitability.

The report keeps an ADD rating with target raised to Rs 3,100 from Rs 3,060, noting Trent is likely to outperform ABLBL and estimating ~23% YoY revenue growth.

The report raises the target price to Rs 4,500 from Rs 4,350 while maintaining a REDUCE rating, estimating ~25% YoY revenue growth driven by jewelry and other segments.

The report maintains an ADD rating with an unchanged target price of Rs 4,100.

The report says PFL's earnings beat estimates on NIM reflation but credit costs remain elevated, and it maintains a REDUCE rating with a revised target price of INR395 as the RoE profile is likely to stay sub-par.

The Momentum Swing section lists a sell call on CSDL October futures with sell price 1258.60, reversal 1285.00 and targets 1232.00/1220.00, currently showing a -0.47% P/L.

The Momentum Swing section notes the ICICIPRULI October futures sell call was stopped out, showing a -1.99% outcome.

The Momentum Swing section notes COLPAL October futures hit its first target and profit was booked, with a 3.22% gain noted.

The Momentum Swing section lists a buy call on RADICO October futures with buy price 4586.20, stop loss 4493.00 and targets 4700.00/4790.00, currently showing a -0.25% P/L.

The Momentum Swing section lists a buy call on FEDERALBNK October futures with buy price 327.80, stop loss 321.00 and targets 334.00/338.00.

The Momentum Swing section lists a buy call on BAJFINANCE October futures with buy price 966.50, stop loss 949.00 and targets 992.00/1014.00, currently showing a -0.26% P/L.

The Momentum Swing section lists a buy call on DABUR October futures with buy price 385.10, stop loss 377.00 and targets 394.00/400.00.

The Momentum Swing section lists a buy call on HUL October futures with buy price 1862.90, stop loss 1830.00 and targets 1907.00/1930.00.

The Smart Charts section lists a buy call on TMPV with buy price 280.00, stop loss 272.00 and targets 293.00/300.00.

The Smart Charts section lists a buy call on RECLTD with buy price 299.15, stop loss 287.00 and targets 313.00/324.00.

The Smart Charts section lists a buy call on NYKAA with buy price 342.65, stop loss 333.00 and targets 358.50/370.00.

The report gives a technical buy call on VBL at CMP 441 with stoploss 430 and targets 455/465.

The report gives a technical buy call on BAJAJHLDNG at CMP 10,820 with stoploss 10,625 and targets 11,100/11,200.

The report notes Cognizant was among the eight companies suspended from the PERM program alongside the four Indian IT firms.

The report lists Happiest Minds in its valuation comparison table without specific commentary on the PERM issue.

The report lists Mastek in its valuation comparison table without specific commentary on the PERM issue.

The report lists Sonata Software in its valuation comparison table without specific commentary on the PERM issue.

The report lists Birlasoft in its valuation comparison table without specific commentary on the PERM issue.

The report lists Zensar in its valuation comparison table without specific commentary on the PERM issue.

The report lists Cyient in its valuation comparison table without specific commentary on the PERM issue.