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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.

1793 notes · 01 Oct 2026, 00:00 to 01 Nov 2026, 00:00 IST

14 Oct 2026, 09:09 IST Tech Mahindra Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report lists Tech Mahindra among the top gainers on 13 Oct, up 4.13-8.42% along with other top gainers.

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14 Oct 2026, 09:09 IST Shriram Finance Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report lists Shriram Finance among the top gainers on 13 Oct, up 4.13-8.42% along with other top gainers.

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14 Oct 2026, 09:09 IST HCL Technologies Limited Tata Asset Management Pvt. Ltd. (Tata Mutual Fund)

The report lists HCL Technologies among the top gainers on 13 Oct, up 4.13-8.42% along with other top gainers.

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14 Oct 2026, 06:31 IST Tata Elxsi Limited HDFC Securities ADD target INR 3,915

The report says Tata Elxsi delivered broad-based revenue growth and margin outperformance across all verticals in Q2FY27, with EBITDA margin expanding 77bps QoQ to 21.9%, and maintains an ADD rating with a target price of INR 3,915 based on 25x Sep 28E EPS.

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14 Oct 2026, 06:31 IST ICICI Life Insurance HDFC Securities ADD target INR585

The report says ICICI Life's APE grew 15% YoY and VNB rose 22% YoY, with VNB margins at 26% (highest H1 margin since H1FY24), and it maintains an ADD rating with a revised target price of INR585 (1.2x Sep-28 EV).

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13 Oct 2026, 17:23 IST Radico Khaitan Limited Sharekhan (Mirae Asset Sharekhan) BUY target 4790

The Momentum Swing section lists a BUY futures call on Radico Khaitan October futures with stop loss 4493 and targets 4700/4790.

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13 Oct 2026, 17:23 IST The Federal Bank Limited Sharekhan (Mirae Asset Sharekhan) BUY target 338

The Momentum Swing section lists a BUY futures call on Federal Bank October futures with stop loss 321 and targets 334/338.

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13 Oct 2026, 17:23 IST Bajaj Finance Limited Sharekhan (Mirae Asset Sharekhan) BUY target 1014

The Momentum Swing section lists a BUY futures call on Bajaj Finance October futures with stop loss 949 and targets 992/1014.

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13 Oct 2026, 17:23 IST 360 ONE WAM LIMITED Sharekhan (Mirae Asset Sharekhan) BUY

The Momentum Swing section lists a BUY futures call on 360ONE October futures marked as 'Exit' for stop loss, with targets 1075/1090.

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13 Oct 2026, 17:23 IST Supreme Industries Limited Sharekhan (Mirae Asset Sharekhan) BUY target 3695

The Momentum Swing section lists a BUY futures call on Supreme Industries October futures with stop loss 3431 and targets 3625/3695.

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13 Oct 2026, 17:23 IST Union Bank of India Sharekhan (Mirae Asset Sharekhan) BUY target 179

The Momentum Swing section lists a BUY futures call on Union Bank October futures with stop loss 167.65 and targets 177/179.

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13 Oct 2026, 17:23 IST Tata Motors Passenger Vehicles Limited Sharekhan (Mirae Asset Sharekhan) Buy target Rs 300

Under Smart Charts, the note lists an open Buy call on TMPV from 9 Oct with stop loss 272 and targets 293/300, currently showing +2.09% potential P/L.

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13 Oct 2026, 17:23 IST REC Limited Sharekhan (Mirae Asset Sharekhan) Buy target Rs 324

Under Smart Charts, the note lists an open Buy call on RECLTD from 9 Oct with stop loss 287 and targets 313/324, currently showing +2.62% potential P/L.

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13 Oct 2026, 17:23 IST FSN E-Commerce Ventures Limited Sharekhan (Mirae Asset Sharekhan) Buy target Rs 370

Under Smart Charts, the note lists an open Buy call on Nykaa from 9 Oct with stop loss 333 and targets 358.50/370, currently showing -1.36% potential P/L.

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13 Oct 2026, 17:23 IST Mankind Pharma Limited Sharekhan (Mirae Asset Sharekhan) Buy target Rs 2,640

Under Smart Charts, the note lists an open Buy call on Mankind from 12 Oct with stop loss 2315 and targets 2525/2640, currently showing a -1.61% potential P/L.

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13 Oct 2026, 17:23 IST Astral Limited Sharekhan (Mirae Asset Sharekhan) BUY target Rs 1,520

The note gives a technical BUY call on Astral with stoploss at 1390 and targets of 1500 and 1520.

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13 Oct 2026, 17:23 IST BSE Limited Sharekhan (Mirae Asset Sharekhan) BUY target Rs 3,570

The note gives a technical BUY call on BSE with stoploss at 3265 and targets of 3500 and 3570.

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13 Oct 2026, 11:12 IST IRM Energy Limited HDFC Securities BUY target Rs 369

The report expects IRM Energy's per-unit EBITDA margin to decline QoQ to INR 9.5/scm amid higher gas costs, with modest 0.4% QoQ volume growth.

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13 Oct 2026, 11:12 IST Mahanagar Gas Limited HDFC Securities BUY target Rs 1,665

The report projects MGL's per-unit EBITDA margin to soften QoQ to INR 7.1/scm due to higher gas costs and rupee depreciation despite 3.0% QoQ volume growth.

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13 Oct 2026, 11:12 IST Indraprastha Gas Limited HDFC Securities BUY target Rs 226

The report expects IGL's per-unit EBITDA margin to improve QoQ to INR 3.9/scm, led by a higher CNG volume share, alongside 2.4% QoQ sales volume growth.

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13 Oct 2026, 11:12 IST Bharat Petroleum Corporation Limited HDFC Securities BUY target Rs 430

The report expects BPCL's EBITDA to improve to INR 45.9bn from a loss of INR 40.8bn in Q1FY27, aided by expanding crude throughput and improved marketing margins.

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13 Oct 2026, 11:12 IST IOCL HDFC Securities BUY target Rs 145

The report projects IOCL's EBITDA to improve sharply QoQ to INR 70.3bn from INR 20.2bn, aided by stronger GRMs despite lower crude throughput.

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