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Research notes

What India's research desks published, reported with attribution and linked to the original notes. Orivam issues no recommendations of its own.

299 notes · since 03 Nov 2026, 05:00 IST

04 Nov 2026, 08:27 IST Marico Limited SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST Angel One Limited SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST State Bank of India SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST HDFC Bank Limited SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST UNO Minda Limited SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST Bosch Limited SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST Ashok Leyland Limited SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST Bank Nifty SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 08:27 IST NIFTY 50 SBICAP Securities Limited (SBI Securities)

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

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04 Nov 2026, 06:20 IST Kolte - Patil Developers Limited HDFC Securities BUY target INR 524

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.

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04 Nov 2026, 06:20 IST Eureka Forbes Limited HDFC Securities BUY target INR 570

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

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04 Nov 2026, 06:20 IST KEC International Limited HDFC Securities ADD target INR 422

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.

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04 Nov 2026, 06:20 IST Petronet LNG Limited HDFC Securities REDUCE target INR 288

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.

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04 Nov 2026, 06:20 IST Max Healthcare Institute Limited HDFC Securities ADD target INR 1,000

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.

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04 Nov 2026, 06:20 IST Bajaj Finserv Limited HDFC Securities BUY target INR 2,175

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.

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04 Nov 2026, 06:20 IST Bharat Electronics Limited HDFC Securities ADD target INR 480

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.

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04 Nov 2026, 06:20 IST State Bank of India HDFC Securities BUY target INR 1,270

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.

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04 Nov 2026, 06:11 IST Gopal Snacks Limited HDFC Securities BUY target INR 335

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.

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