Research notes

The report expects Bikaji's revenue to grow 11% YoY but EBITDA and adjusted PAT to decline 16% and 15% respectively in Q2FY27E.

The report forecasts 20% revenue growth but only 4% adjusted PAT growth YoY for Emami in Q2FY27E, naming it among preferred names.

The report expects Colgate to post 16% revenue growth and 21% adjusted PAT growth YoY in Q2FY27E, aided by margin expansion.

The report forecasts 11% revenue growth and 9% adjusted PAT growth YoY for Dabur in Q2FY27E, citing inflationary headwinds on margins.

The report expects GCPL to post 18% revenue growth and 10% adjusted PAT growth YoY, listing it among preferred stronger execution-led names.

The report forecasts 16% revenue growth and 31% adjusted PAT growth YoY for Marico in Q2FY27E.

The report expects Britannia to post 12% revenue growth and 10% adjusted PAT growth YoY in Q2FY27E on a low base, naming it among preferred execution-led stocks.

The report upgrades Nestlé India to BUY given sector-wide de-rating making its valuation more reasonable, and forecasts 21% revenue growth and 37% adjusted PAT growth in Q2FY27E.

The report forecasts 7% revenue growth but a 24% YoY decline in EBITDA and adjusted PAT for ITC due to cigarette excise impact and margin stress.

The report expects 11% YoY revenue growth and 8% YoY adjusted PAT growth for HUL in Q2FY27E, aided by a low base.

The report lists an intraday futures trading idea to buy HAL Future above 4670 with a target of 4640 and stoploss of 4730, reflecting a short-bias setup.

The report lists an intraday trading idea to buy RECLTD above 553 with a target of 562 and stoploss of 546.

The report lists an intraday trading idea to buy ABB above 8755 with a target of 8840 and stoploss of 8695.

The report states Ircon International signed an MoU with Patel Engineering to jointly pursue infrastructure business opportunities in India and overseas.

The report notes L&T Technology Services reported a 1.3% rise in net profit to Rs 319.6 crore for Q2, with revenue up 7.8% to Rs 2,572.9 crore, and targets 8-10% revenue growth in FY25.

The report states RVNL emerged as the lowest bidder for a Rs 270 crore project from Maharashtra Metro Rail Corporation to construct 10 elevated metro stations.

The report states Oriana Power received a new Rs 375 crore contract for a 75 MW solar power plant from Maharashtra State Electricity Distribution Company under the PM-KUSUM Scheme.

The report notes Bajaj Auto's consolidated net profit fell 31.4% to Rs 1,385.44 crore in Q2 FY25 due to a one-time deferred tax payment, while revenue grew 22.2% to Rs 13,247.28 crore and EBITDA rose 24% YoY to a record Rs 2,653 crore.

The note says EPL delivered a robust Q4FY25 with revenue up 7.4% YoY to Rs 11,054mn, EBITDA margin expansion of 208bps to 20.6% and PAT up 666% YoY, and recommends a Hold rating given balanced growth potential and cost leadership offset by near-term macro uncertainties, with the stock trading at 18x FY27E EPS.

The note lists an intraday idea to sell the IGL future below 180 with a target of 172 and a stoploss of 185.

The note lists an intraday idea to buy above 484 with a target of 500 and a stoploss of 474.

The note lists an intraday idea to buy above 4890 with a target of 5140 and a stoploss of 4880.

The report says APL Apollo is fundamentally poised for growth with capacity rising toward a targeted 5mn tons, but at 33x FY25E and 29x FY26E P/E the stock is fully priced with limited upside, so it recommends a HOLD and adds that those looking to move to greener pastures can begin partial profit booking.

The report says Orient Cements is part of the mega merger with parent Ambuja expected to complete by FY27-end, simplifying the corporate structure and financial reporting.

The report says ACC, a listed subsidiary, is to be merged into Ambuja within the next two quarters with most approvals in place, contributing to ~14% equity dilution by FY27-end.