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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.

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2581 notes · all time

03 Oct 2026, 15:02 IST Dr Agarwal's Healthcare Motilal Oswal (MOFSL) Buy

The report expects Dr Agarwal's sales to grow 24.3% YoY and PAT to grow 36.3% YoY in 2QFY27.

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03 Oct 2026, 15:02 IST Cipla Limited Motilal Oswal (MOFSL) Neutral

The report states Cipla's US sales are expected to decline 27% YoY to USD162m due to g-Revlimid competition, dragging EBITDA down 30% YoY.

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03 Oct 2026, 15:02 IST Biocon Limited Motilal Oswal (MOFSL) Buy

The report forecasts Biocon sales growth of 4.1% YoY but PAT growth of 54.1% YoY in 2QFY27.

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03 Oct 2026, 15:02 IST Aurobindo Pharma Limited Motilal Oswal (MOFSL) Buy

The report notes Aurobindo underwent two USFDA inspections in September 2026 resulting in Form 483 observations, and forecasts sales growth of 16.1% YoY.

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03 Oct 2026, 15:02 IST Aster DM Quality Care Limited Motilal Oswal (MOFSL) Buy

The report expects Aster to deliver 1.2x/1.2x/1.6x YoY growth in sales/EBITDA/PAT owing to the merger with QCIL, and plans to add 634 beds in FY27.

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03 Oct 2026, 15:02 IST Alkem Laboratories Limited Motilal Oswal (MOFSL) Neutral

The report forecasts Alkem sales growth of 9.5% YoY and EBITDA growth of 8.4% YoY with PAT declining 13.0% YoY in 2QFY27.

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03 Oct 2026, 15:02 IST Alembic Pharmaceuticals Limited Motilal Oswal (MOFSL) Neutral

The report notes Alembic is expected to underperform peers with DF sales growth of 6.8% YoY owing to muted performance in acute and chronic segments, though it also expects 55% YoY US growth supported by Bosutinib exclusivity.

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03 Oct 2026, 15:02 IST Ajanta Pharma Limited Motilal Oswal (MOFSL) Buy target INR4,155

The report expects Ajanta's sales to grow 18.5% YoY driven by US and Africa segments, with DF growth of 15% YoY.

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02 Oct 2026, 08:53 IST Sindhuja Microcredit India IPO

The note says Sindhuja Microcredit raised ₹100 crore through non-convertible debentures with AUM of ₹1,059 crore.

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02 Oct 2026, 08:53 IST Royal Enfield India IPO

The note says Royal Enfield posted growth in September two-wheeler sales.

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02 Oct 2026, 08:53 IST Mahindra India IPO

The note lists Mahindra among those leading September passenger vehicle sales growth.

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02 Oct 2026, 08:53 IST Accenture India IPO

The note says Accenture raised FY27 revenue-growth guidance to 3–6% after Q4 revenue and bookings beat estimates.

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02 Oct 2026, 08:53 IST Adani Green Energy Limited India IPO

The note says Adani Green Energy expanded operational battery storage capacity to 6.63 GWh while pursuing 50 GWh capacity and pumped-storage projects.

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