Research notes

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.

The note says the company was empanelled by MSEDCL for 4,755 solar water pumps worth Rs 112.18 Cr, executable within 60 days.

The note says the company acquired a further 24.09% in Satiya Nutraceuticals for Rs 1,012.03 Cr, raising its stake to 84.09%, with the balance to be acquired in July 2027.

The note says the company sold its wholly owned subsidiary KNR Ramanattukara Infra to Indus Infra Trust for Rs 549.14 Cr, with the subsidiary ceasing on 5 October 2026.

The note says the company signed an MoU to acquire Hotel Novotel Imagicaa in Khopoli for Rs 248 Cr.

The note says installed capacity reached 15.1 GW after adding 1,694 MW since April 2026, including 1.4 GW of renewable capacity.

The note says the company won a Rs 1,153.93 Cr EPC order for a 270 MWp solar project in Maharashtra, executable within six months.

The note says the company signed a shareholders' agreement with DGPC for a 770 MW Bhutan hydropower project under a planned 49:51 joint venture.