Research notes

The report states an ADD rating on Max Healthcare.

The report states an ADD rating on Aster DM.

The report states a BUY rating on Apollo Hospitals.

The report maintains a BUY rating with a Sep-27 target price of INR 5,300, citing strong Q2FY27 execution with revenue up 17%, EBITDA up 50%, and earnings up 67%, driven by premiumization and raised FY27 P&A volume growth guidance to 30%.

The report says IndiaMart delivered a moderate quarter with ARPU-led growth offsetting declining paying subscribers, maintaining ADD with a DCF-based TP of INR 1,900.

The report says Acutaas Chemicals beat Q2 estimates on EBITDA/APAT but maintains SELL due to high near-term valuations, with TP of INR 2,427.

The report says JK Cement delivered strong volume growth and EBITDA growth in Q2FY27, maintaining BUY with unchanged TP of INR 6,130.

The report says MDL posted a disappointing quarter with declining revenue and EBITDA due to weak order book execution, but maintains a long-term constructive ADD rating with reduced multiple and TP of INR 2,300.

The report says Tata Capital's Q2FY27 earnings beat estimates on lower credit costs and AUM growth despite NIM compression, maintaining ADD with a revised TP of INR 365.

The report says SBI Life beat estimates on APE/VNB growth and margin expansion from product mix shift, maintaining a high-conviction BUY with revised TP of INR2,320.

The report says L&T beat revenue and APAT estimates with record order book and robust order inflows, maintaining BUY with a revised SOTP target of INR 4,680.

Under CTFT, the report notes a Buy call on Max Healthcare where profit was booked at 846.85, with listed targets of 850 and 860.

Under CTFT, the report lists an ongoing Buy call on Birla Corporation entered at 804.70 with stop loss 790, current price 800.05, and targets of 820 and 835.

Under CTFT, the report notes a Buy call on ABREL that was stopped out at 1,080, against an entry of 1,107.

Under CTFT, the report notes a Buy call on Karur Vysya Bank where profit was booked at 351.50, with listed targets of 352 and 358.

Under Momentum Swing, the report notes a Buy call on Phoenix Mills Nov futures that was exited at 1,919.30, with listed targets of 1,945 and 1,970.

Under Momentum Swing, the report notes a Buy call on Fortis Nov futures where the first target was achieved and profit booked at 744, with a further target of 760.

Under Momentum Swing, the report lists a Buy call on Titan Nov futures entered on 27 Oct at 4,356.80 with stop loss 4,270 and targets of 4,437 and 4,495.

The report gives a technical BUY call on Reliance at CMP Rs 1,196 with a stoploss of Rs 1,175 and targets of Rs 1,223 and Rs 1,234.

The report gives a technical SELL call on Cipla at CMP Rs 1,350 with a stoploss of Rs 1,372 and targets of Rs 1,320 and Rs 1,300.

The note says the ETF's weekly chart shows a sustainable bounce from support near Rs 15.56 with a bullish higher-tops-and-bottoms pattern and positive RSI bias, suggesting a buying range of Rs 16.73-16.36 with a stop-loss of Rs 15.47.

The note says the ETF's weekly chart shows a sustainable bounce from support near Rs 157 with a bullish higher-tops-and-bottoms pattern and positive RSI bias, suggesting a buying range of Rs 166.50-162.90 with a stop-loss of Rs 154.05.

The report notes Raymond Realty secured Rs 210 crore from the ICICI Prudential Real Estate Development Fund.

The report notes Jyoti Structures secured Rs 949 crore worth of transmission line orders from Power Grid Corporation of India, strengthening its order book.

The report notes Tata Communications plans to invest $400-450 million over three to five years to build a 10,000-km fibre network connecting data centre and AI hubs across India.