Research notes

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.

The note maintains BUY with an unchanged TP of INR 550/share (15x Sep'28E consolidated EBITDA), estimating a ~2% YoY Q2FY27 volume decline and unit EBITDA falling ~INR 220/MT QoQ to ~INR 700/MT, while projecting consolidated volume/EBITDA CAGR of 8%/17% over FY26-29E, cumulative capex of ~INR 199bn, and the company staying net cash.

The note lists a final dividend of Rs 1.00 per share with a 5 October 2026 corporate action date.

The note says loans and advances rose 23.8% year-on-year to Rs 309,675 crore and deposits grew 19.5% to Rs 354,084 crore in the September quarter.

The note says Coal India raised coal supplies 12.5% year-on-year to 61.2 million tonnes in September FY27.

The note cites a Reuters report that Jio Platform is finalising offer documents for an estimated $3.8 billion IPO.

The note says the NBFC approved plans to raise up to Rs 175 billion via a QIP and a preferential issue of warrants to Bajaj Finserv.

The note says the company signed a deal with the Maharashtra government to invest $5.19 billion in a steel plant.

The note says TCS will buy Best Buy's global capability centre in India for an undisclosed amount, and that IT stocks are in focus after Accenture guided to 3-6% growth for FY27.

The note says DLF achieved a complete sell-out of its senior living project Aureva for Rs 1,985 crore.

The note says the insurer appointed Sidharatha Mishra as MD & CEO for five years, with a COO role effective 6 October 2026.

The note says Avenue Supermarts reported an 18.4% rise in standalone revenue from operations to Rs 19,206.18 crore for the quarter ended 30 September 2026.

The note says Chairman and MD Bhavish Aggarwal has pledged a 4.32% stake to participate in the company's rights issue approved on 28 September.