Research notes

The note reports LTM announced an expanded collaboration with Google Cloud to accelerate adoption of Gemini Enterprise.

The note says Ramco Systems has partnered with UAE audit firm Baker Tilly SM Envoy Consultancy to offer Ramco Payce payroll solutions.

The note reports a 300 MW wind PPA with SECI has been terminated, obliging Torrent Power to pay Rs 39.78 crore in liquidated damages.

The note says GAIL is in talks with three to four US LNG export projects for long-term supplies and may acquire a minority stake in one, to diversify sourcing after Strait of Hormuz disruptions.

The note reports Dixon has formed a 60%-owned joint venture, Dixon Electroconnect Pvt Ltd, with Gemtek Technology to produce telecom products addressing AI, cloud and networking demand.

The note previews TCS's Q2 FY27 results due after market hours, estimating rupee revenue up 1.1% QoQ and 11.1% YoY to Rs 73,081 crore, US$ revenue up 0.4% QoQ to US$7,652mn, net profit down 7.1% QoQ to Rs 13,639 crore and EBIT margin up 50bps QoQ to 24.5%, with TCV expected at $10-11bn and a second interim dividend to be considered.

The technical snapshot lists Titan as a bearish intraday call at CMP 4,377 with support at 4,289 and resistance at 4,421.

The technical snapshot lists Bank of Maharashtra as a bullish intraday call at CMP 84.15 with support at 83 and resistance at 86.

The note says the company has partnered with Norway's Ocean Sun to bring membrane-based floating solar technology to India and will pilot a 300 kWp project in Maharashtra.

The note says the BMC has partnered with the company and RC Group to develop a promenade at Bandra Bay.

The note says step-down arm Torrent Saurya Urja 2 terminated a 300 MW wind PPA with SECI and will pay Rs 40 crore for the termination.

The note says Rajasthan GST officials inspected the company's Bhiwadi manufacturing unit on Oct. 6.

The note says the company has added 1,694 MW since April, taking total installed capacity to 15.1 GW.

The note says the company received in-principle approval to issue 15 lakh warrants convertible into shares.

The note says the company received a Rs 50 crore order from ITI to supply 80 enterprise servers for a defence project with the Indian Army as end customer, including eight years of AMC.

The note says the company will invest Rs 45 crore from internal accruals to add 20% capacity at its Bengaluru unit, where current utilisation is 75%.

The note says the company will demerge its businesses into two subsidiaries, MSL Seamless Tubes and United Seamless, allotting one share of each for every five MSL shares held.

The note says the company received an NDMC Letter of Acceptance for a Rs 66 Cr sewer rehabilitation project, lifting its order book to Rs 2,356.66 Cr.

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.