Research notes

The digest states Adani Power and Bhutan's Druk Green Power Corporation signed an agreement to develop the 770-MW Chamkharchhu-I hydropower project under a 49:51 equity partnership, with construction scheduled to begin in H1 FY27.

The note reports the FirstCry-backed company received SEBI approval for a Rs 1,000-crore IPO split between a Rs 500-crore fresh issue and a Rs 500-crore OFS by promoters.

The digest says HD Fire Protect will launch its IPO on October 13 with an issue size of about Rs 750 crore, comprising an OFS of 2.63 crore shares at a price band of Rs 258-271 per share.

The note lists an open BUY call dated 6-Oct-26 with buy range 734-724.75, stop loss 685 and target 775 (5.8% upside), valid till 20-Oct-26.

The note lists an open BUY call dated 5-Oct-26 with a buy range of 1787-1776, stop loss 1688 and target 1900 (8% upside), valid till 19-Oct-26.

The note says Gabriel India and Faurecia signed a JV agreement to form Faurecia Anand Seating India, with FORVIA holding 50% plus one share.

The note says quarterly revenue rose 79% YoY to Rs 74.3 crore and net profit rose 202.8% YoY to Rs 9.7 crore.

The note says quarterly revenue rose 103.5% YoY to Rs 137 crore, EBITDA margin expanded 550bps to 28.3% and net profit rose 140% to Rs 27.3 crore, with an order book of Rs 2,026 crore.

The note says Adani Power signed a shareholders agreement with Druk Green Power for a 770 MW Chamkharchhu hydropower project in Bhutan, in which it will hold 49%.

The note says IEX traded 39,685 MU of electricity, up 12.7% YoY, with Day Ahead Market clearing price at Rs 5.7/unit, up 46% YoY.

The note says Sun Pharmaceutical established the Sun Professorship in Dermatology at the Icahn School of Medicine at Mount Sinai.

The note says Q1FY27 revenue rose 72% YoY to Rs 1,581 crore, EBITDA up 45% to Rs 174 crore and net profit up 45% to Rs 87.4 crore, with international revenue at 66%.

The note says Meesho's Content Commerce NMV grew 152% YoY over the 12 months to 31 August 2026 with 1.6 lakh active creators.

The note says Dabur's Q2 update guides to double-digit consolidated revenue and PAT growth with operating margins impacted by inflationary pressures.

The note says Endurance acquired a 100% stake in Italian component maker Fondalpress SpA and parent Anna Milena SpA for EUR 12.34 million.

The note says Max Estates' pre-sales rose 1,246% YoY to about Rs 2,100 crore in Q2FY27, taking H1 pre-sales to about Rs 3,200 crore.

The note says Cyient formed a new integrated business unit, Intelligent Engineering Solutions (IES).

The note says Mphasis will extend its collaboration with Social Security Scotland to manage and maintain its benefits management platform.

The note says Titan reported 25% growth in consumer business sales in Q2, with jewellery up 21%, watches up 30% and eyewear up 28%, and 78 stores added taking the total to 3,758.

The note says the company launched Mahindra Rivenza in Pune across 13.46 acres with a gross development value of about Rs 3,500 crore.

The note says Shakti Pumps received a Letter of Empanelment worth Rs 112.18 crore from MSEDCL for supply and installation of 4,755 off-grid solar water pumping systems.

The note says GCPL inaugurated the first phase of a new manufacturing facility in Indonesia's Kendal Special Economic Zone as part of an IDR 500 billion (about Rs 250 crore) investment.

The note says Q2 FY27 revenue rose 23% to Rs 5,788 Cr and the company opened its 1,000th Zudio store.

The note says the company secured orders worth Rs 412 Cr, taking yearly order intake to Rs 2,021 Cr.

The note says the company signed an MoU with Maharashtra for a Rs 50,000 Cr, 9 MTPA steel complex at Chandrapur.