Research notes

The report notes short covering in Marico with price up 8.57% and OI down 5.98%.

The report notes short covering in CDSL with price up 5.60% and OI down 13.67%.

The report notes a long buildup in MCX with price up 7.78% and OI up 7.79%.

The report notes short covering in Angel One with price up 7.13% and OI down 10.81%.

The report notes a short buildup in SBI with price down 1.88% and OI up 4.16%.

The report notes short covering in HDFC Bank with price up 3.40% and OI down 2.70%.

The report notes a long buildup in Uno Minda with price up 1.18% and OI up 4.22%.

The report notes long unwinding in Sona Comstar with price down 0.17% and OI down 0.47%.

The report notes a long buildup in Motherson with price up 0.81% and OI up 1.90%.

The report notes a long buildup in M&M with price up 1.48% and OI up 1.65%.

The report notes a long buildup in Hyundai Motor India with price up 1.86% and OI up 4.19%.

The report notes a long buildup in Bosch with price up 3.62% and OI up marginally.

The report notes short covering in Ashok Leyland with price up 2.16% and OI down 1.82%.

The report says Bank Nifty Futures closed positive but remain range-bound, awaiting a decisive breakout, with short covering noted.

The report says Nifty Futures rallied for a fourth straight session with call writers unwinding and fresh buying interest, keeping the derivatives setup constructive.

The report says KPDL reported strong presales growth and a landmark signing of six redevelopment projects in MMR, maintaining a positive outlook on execution and land bank.

The report says Happiest Minds posted modest CC revenue growth with stable margins, while cutting FY27/28E earnings estimates on lower other income.

The report says Eureka Forbes posted 15% YoY revenue growth with improved EBITDA margin, and raised FY27E revenue and APAT estimates.

The report says KECI missed revenue/EBITDA/APAT estimates significantly due to supply chain disruptions and cost pressures, leading to cut estimates and a reduced target price.

The report reiterates a REDUCE rating on Petronet LNG citing subdued return ratios amid heavy capex and limited visibility on marketing margins, despite in-line Q2FY27 results.

The report says Max Healthcare delivered 18% EBITDA and sales growth YoY with steady occupancy, while cutting FY27/28E EBITDA estimates due to trade margin impact on oncology business.

The report says Bajaj FinServ posted a mixed quarter with muted BAGIC performance but standout BALIC and strong BAF growth, maintaining a positive view despite regulatory overhangs.

The report says BEL delivered strong execution with 27% revenue and 20% PAT growth YoY despite margin contraction from raw material inflation, with a robust order book of INR 703bn.

The report says SBIN posted healthy loan and deposit growth, a slight margin rebound, and improving asset quality with GNPAs at a two-decade low, raising FY27E/FY28E earnings estimates.

The report maintains a BUY rating with a Sep-27 target price of INR 335 on 30x P/E, citing better-than-expected margin resilience, 23% Q2 revenue growth, 72% EBITDA growth and 102% adjusted PAT growth, and raises FY27 OPM estimate from 6.1% to 8.4% along with a 56% earnings upgrade.