Windlas Biotech: Reports That Uttarakhand Labor Strikes Led To Short-term Production Issues; Operations Have Now Returned To Normal.
Update On Sugar Stocks: International Sugar Organization On El Nino Sees 262,000 Tn Sugar Deficit In 2026-27 On El Nino Risk El Nino To Impact Harvests In Asia
Dlf: Jv With Gic Sees Rental Income Increase By 16% To ₹5,525 Cr In Fy26 Due To High Demand For Commercial Spaces. - Et
Reliance: Company Looking For Battery Deals With Catl To Enhance Energy Storage Efforts. - Bw
Petrol And Diesel Prices Increased By 90 Paise Per Litre - Pti
Akums Drugs: Guidance - The Effective Tax Rate Is Expected To Be Around 32% For Fy '27, With A Target Of 29% Overall, And A Normal Rate Of 25% Once Most Businesses Become Pat Positive.- Concall Update
Akums Drugs: Guidance - Capex For Fy '27 Is Targeted At Inr300 Crores, Primarily For Expanding Oral Solid Facilities And Evaluating Inorganic Acquisitions In Niche Businesses.- Concall Update
Akums Drugs: Guidance - The Trade Generics Business Is Expected To Maintain Similar Revenue And Ebitda Levels, Not Meaningfully Contributing To The Group's Top Line Or Profitability, Nor Draining The P&l.- Concall Update
Akums Drugs: Guidance - The Api Segment's Losses Are Expected To Be Sizably Reduced In The Current Fiscal Year, Though Still Negative On A Full-year Basis, With A Goal To Achieve Monthly Ebitda Positive Performance.- Concall Update
Akums Drugs: Guidance - The Domestic Branded Formulation Business (akumentis) Is Targeted To Grow In Line With Ipm Rates, Expecting A Double-digit Top Line Growth Driven By New Launches, Brand Building, And Field Force Productivity.- Concall Update
Akums Drugs: Guidance - The European Cdmo Contract, A Fixed-price Agreement Until 2032, Is Expected To Generate Approximately Eur35 Million On A Mat Basis Once Supplies Begin In The Next Fiscal Year, With Margins Similar To Or In The High Teens Compared To Current Cdmo Margins.- Concall Update
Akums Drugs: Guidance - The Zambia Partnership Is Expected To Commence Commercial Supplies Of Approximately $25 Million From Indian Facilities By The End Of Q2 Fy '27, With This Being A Two-year Contract For $25 Million Each In Fy '27 And Fy '28, Contributing To Cdmo Revenues At Similar Margins.- Concall Update
Akums Drugs: Guidance - Management Expects Cdmo To See Strong Double-digit Volume Growth In H1 Fy '27, With Api Prices Remaining At Current Levels, And Similar Margin Profiles To Current Levels.- Concall Update
Godfrey Phillips: Co. Raises Price Of Marlboro Cigarettes By Over 21% To Rs 85. - Ndtv Profit
Ratnamani Metals: Guidance - The Standalone Business Maintains A 16% To 17% Margin Outlook For Fy27, Contingent On The Middle East Conflict Resolving Within 3-5 Months. - Concall Update
Ratnamani Metals: Guidance - Ratnamani Finow Spooling Solutions (rfss) Anticipates 20% To 25% Growth In Fy27, With Margins Stabilizing At 20% To 25%. || The Middle East Plant Project Is Expected To Finish By March 2027, With A Potential Three-month Spillover. Routine Capex Is Inr150 Crores To Inr200 Crores. - Concall Update
Ratnamani Metals: Guidance - Standalone Revenue Guidance For Fy27 Is Inr4,800 Crores To Inr5,000 Crores, Assuming Market Normalization. || Ravi Technoforge (rtl) Expects 10% To 15% Growth In Fy27, With New Customer Segments Targeted Next Year. - Concall Update
Itc: Co. Raises Gold Flake Superstar Price From ₹70 To ₹79 - Ndtv Profit
Power Grid: Goldman Sachs Maintains A Buy On Power Grid With A Target Price Of ₹380, Citing Q4 Pat Beat, Sharp Fy26 Capex And Capitalization Growth Above Guidance, A Strong ₹2.17 Trillion Work-in-hand Pipeline, Robust Fy27/fy28 Capex Plans, And Expectations Of Strong Medium-term Earnings Growth Driven By Capitalization Pickup.
Bajaj Finance: Morgan Stanley Maintains An Overweight On Bajaj Finance With A Target Price Of ₹1,120, Citing A Buoyant Operating Environment, Stable Loan Growth And Asset Quality Outlook, Ongoing Investor Focus On Ai Initiatives, And Manageable Nim Moderation Despite Pressure On Funding Costs From Rising Bond Yields.
Urban Co: Goldman Sachs Maintains A Neutral On Urban Company With A Target Price Of ₹140, Citing Strong Growth In The Core Services Business, Improving Profitability With One-third Of The Portfolio At 8% Ebitda Margin, Rapid Scaling Of Instahelp Despite Near-term Profitability Pressure, And Expectations Of Steady Long-term Margin Expansion In Both Domestic And International Businesses.
Infosys: Goldman Sachs Maintains A Neutral On Infosys With A Target Price Of ₹1290, Citing A Soft Discretionary Spending Environment Offset By Strength In Bfsi And Eurs Verticals And Strong Deal Wins, While Management Expects Ai-led Pricing Pressure To Be Balanced By New Growth Opportunities And Deeper Partnerships With Frontier Ai Companies.
Paytm: Goldman Sachs Maintains A Buy On Paytm With A Target Price Of ₹1400, Citing Expectations Of Accelerating Fy27 Revenue Growth, Sustained Operating Leverage With A Path To 15–20% Ebitda Margins, Strong Payments Gmv Growth With Better-margin Instruments, Leadership In Merchant Lending And Consumer Postpaid, And A Likely Recovery In Marketing Services Led By Ads And Travel Ticketing.
Deepak Nitrite: Morgan Stanley Maintains An Overweight On Deepak Nitrite With A Target Price Of ₹1842, Citing Q4 Earnings Beat Driven By Strong Advanced Intermediates And Phenolics Performance, With Core Ebitda Doubling Yoy, And Expects Sequential Earnings Improvement In Q1fy27 Supported By Feedstock Access, Backward Integration, And Favourable Demand From Constrained Chinese Chemical Supplies.
Igl: Morgan Stanley Maintains An Equal-weight On Igl With A Target Price Of ₹205, Citing 6% Yoy Volume Growth Lagging Peers, Mixed Png Growth Trends, Ebitda Margins Slightly Below Mid-cycle Averages Due To Higher Gas Costs And Currency Impact, While Recent Gas Price Hikes Are Expected To Offset Nearly 90% Of Increased Costs.
Amber Enterprises: Clsa Maintains An Outperform On Amber Enterprises With A Reduced Target Price Of ₹8100, Citing Q4 Results Ahead Of Estimates On Strong Growth And Profitability, Near-term Margin Pressure From Higher Input Costs And Delayed Pass-throughs In Electronics, While Expecting Fy28 Margin Recovery And Strong Growth Across Consumer Durables, Electronics, And Mobility Segments.
Amber Enterprises: Jpmorgan Maintains A Neutral On Amber Enterprises With A Reduced Target Price Of ₹7650, Citing Weaker-than-expected Fy27 Growth Guidance, Delays In Pcb Project Execution, Expected Ebitda Margin Compression From Higher Raw Material And Wage Costs, And Consequent Cuts To Fy27–28 Revenue And Eps Estimates.
Astral: Jefferies Maintains A Hold On Astral With A Target Price Of ₹1570, Citing A Q4 Profit Beat With Strong 24% Yoy Sales Growth Led By Robust Plumbing Volumes And Margin Expansion, While Adhesives Margins Contracted Sharply Due To Likely Vam Cost Pressures Despite Healthy Segment Growth.
Astral: Clsa Maintains A Hold On Astral With A Target Price Of ₹1475, Citing In-line Q4 Ebitda But Weaker Pat Due To Forex And Tax Impacts, Strong 24% Yoy Piping Volume Growth Indicating Market Share Gains, Robust Piping Margins Offset By Weaker Adhesives Performance, And Awaiting Further Clarity On Growth Guidance, Capacity Expansion, New Products, And Overseas Adhesives Strategy.
Power Grid: Hsbc Maintains A Hold On Power Grid With A Target Price Of ₹295, Citing The Company’s Fy26 Capex And Capitalisation Beat, Expectations Of Another Fy27 Guidance Beat, And Potential Growth Opportunities From Intra-state Transmission Projects And Battery Energy Storage Systems (bess) Expanding The Addressable Market.
Power Grid: Clsa Maintains An Outperform On Power Grid With A Target Price Of ₹324, Citing A Sharp Pickup In Fy26 Capitalisation And Capex Growth, Expected 14% Capitalisation Cagr Over Fy26–28, While Noting Slower Backlog Growth, Market Share Loss In Green Corridors, Weak Pat Growth Due To Tbcb Transition, And Flat Dividend Payout.
Power Grid: Bernstein Maintains An Outperform On Power Grid With A Target Price Of ₹305, Citing Strong Fy26 Capitalisation Delivery Above Guidance And Stable Fy27 Capex Plans, While Warning That Land Acquisition Issues, Rising Tbcb Share, Inability To Fully Pass On Higher Input And Debt Costs, And Longer Construction Timelines Could Keep Fy27 Earnings Under Pressure Despite Long-term Transmission Sector Optimism.
Power Grid: Jefferies Maintains A Buy On Power Grid With A Target Price Of ₹340, Citing In-line Q4 Adjusted Pat, Sharp Growth In Capex And Capitalisation, Fy26 Capitalisation Exceeding Upgraded Guidance, Earnings Upgrades For Fy27–28, And Stronger Execution Momentum Supporting Future Capitalisation Targets.
Uno Minda: Nomura Maintains A Buy On Uno Minda With A Target Price Of ₹1494, Citing In-line Q4 Ebitda, Strong Medium-term Growth Drivers From Ev Adoption, Premiumisation And Exports, Continued Market Share Gains And High Asset-turnover Orders, While Trimming Fy27/28 Earnings Estimates Slightly Due To Near-term Cost Pressures And Higher Investments.
Uno Minda: Clsa Maintains An Outperform On Uno Minda With A Target Price Of ₹1469, Citing In-line Q4 Performance, Strong Fy26 Execution With Revenue Growth Far Ahead Of Industry Production Growth, Expectations Of 25% Yoy Growth In Fy27 Driven By New Products, Capacity Expansion, Premiumisation And Ev Penetration, Along With Additional Upside From Potential Inorganic Opportunities Backed By A Lean Balance Sheet.
Zydus Wellness: Company Optimistic About Growth, Targeting 17-18% Ebitda Margins In Next Few Years, Excluding Comfort Click Business. Comfort Click's Margins Meet Or Slightly Exceed Expectations, Becoming Eps Accretive In Q4, And Management Confirms Full-year Guidance.
Zydus Wellness: Expects Steady Double-digit Growth For Its Seasonal Portfolio Over The Next Three To Four Years, Despite Recent Issues. Tax Rates For Fy27-28 Are Expected To Be 25%, While Fy26-27 Will Use A Combination Of Cash And Deferred Tax Assets.
Vodafone Idea: Clsa Downgrades Vodafone Idea To Hold With A Raised Target Price Of ₹13, Citing Stable Q4 Revenue And Arpu Growth, Sharply Lower Subscriber Losses, A One-time Agr Dues Gain Boosting Reported Pat, Promoter-backed ₹47 Billion Warrant Issuance, And Ongoing Efforts To Secure Debt Funding For A Planned ₹450 Billion Investment Despite Lower Fy26 Capex.
Vodafone Idea: Nomura Downgrades Vodafone Idea To Neutral With A Raised Target Price Of ₹12.6, Citing In-line Results And Potential Debt Funding Support From Promoter Warrant Issuance, While Highlighting Subscriber And Arpu Trends As Key Monitorables And Pointing To Tariff Hikes, Debt Raise Success, Subscriber Recovery, And Strategic Investment As Major Catalysts, With Slowdown Risks Potentially Hurting The Stock.
Bharti Airtel: Hsbc Maintains A Buy On Bharti Airtel With A Target Price Of ₹2400, Citing Intact Growth Drivers Including Rising Mobile Arpu, Expanding Home Broadband Subscribers, Increasing Free Cash Flow And Dividends, While The Proposed Higher Stake In Airtel Africa Is Expected To Be Eps Accretive And Reduce Promoter Stake Sale Overhang.
Jsw Energy: Jefferies Maintains A Buy On Jsw Energy With A Target Price Of ₹675, Citing Stake Monetisation In Jsw Steel Improving Leverage Metrics, Commissioning Of 250mw Capacity Already In Fy27, And Raising Fy27–30 Pat Estimates By 3–6% Driven By Stronger Balance Sheet And Growth Execution.
Adani Power: Jefferies Maintains A Buy On Adani Power With A Target Price Of ₹255, Citing Its Position As India’s Only Sizeable Private-sector Pure-play Thermal Power Generator, Aggressive Capacity Expansion To 31gw By Fy30, Declining Risk Profile Due To Higher Ppa-linked Capacity, And Expectations Of 23% Ebitda Cagr With Strong Free Cash Flow Generation By Fy30.
India's Official Predicts Fertilizer Subsidy Bill For Fy27 Could Increase By ₹70,000 Cr Due To West Asia Crisis - Et
Hind Rectifiers: Sets Goal To Reach $1 Billion Revenue In Five Years, Aiming For Tenfold Growth From Fy26 Revenue Of Inr949 Crores. The Company Targets Mid To Late Teens Ebitda By Fy31. Capex For Fy26 Was About Inr70 Crores, With Inr50 Crores Planned For Fy27 To Boost Capacity For Transformers, Propulsions, And Copper Plant.
Hind Rectifiers: Aims For 30% Standalone Revenue Growth For Fy27; Consolidated Growth To Be Reviewed Next Quarter. Elventive France Likely To Become Profitable At Pbt Level In 6-8 Quarters.
Rane Madras: Mexico Plant Begins Trial Production And Invoicing, Revenue Anticipated To Rise In Fy '27 Despite Launch Delays; Future Sales Linked To U.s.-mexico Trade Deal Renegotiation.
Rane Madras: Company Targets Debt-to-equity Ratio Of 0.5, Expecting Inr 360 Crores From Land Sale To Come In Mainly During Fy27 And Some In Following Years.
Rane Madras: Zf Rane Aims For 9-10% Volume Growth In Fy27, While Commercial Vehicle Market Growth Is Expected At About 7%. Revenue Growth Might Rise Due To Higher Commodity Prices. Rane Steering's Margins Are Forecasted To Improve From Low Single-digits To Mid And High Single-digits Over The Next Few Years, But Double-digit Margins Are Not Expected Soon. Roce Could Go Above 20% In Two Years With An Ebit Of 4% (ebitda 5-6%).
Rane Madras: Aims For Double-digit Ebitda Margins By Fy27, Projecting 11-12% Afterwards, Boosted By Efficiency And Cost Cuts. Capital Expenditure Estimated At Inr 240-250 Crore For Fy27, With About 15-20% For Maintenance And 50% For New Projects.
Deepak Nitrite: Sees Q1 Fy27 Results Improving Compared To Q4 Fy26 In Standalone And Consolidated Reports. New Products Will Start Commercial Production In Q3 Fy27 To Meet Export Customers' Needs.
Deepak Nitrite: Mibk/mibc Projects Set To Start By End Of Q1 Fy27 Or Early Q2 Fy27 After Mechanical And Pre-commissioning Completion. The Fully Integrated Polycarbonate Facility Aims To Launch By June 2028, With Total Costs Estimated At Inr 11,000 Crores, Funded By 60% Debt And 40% Equity.
Deepak Nitrite: Company Expects Better Margins For Standalone Business In Fy27 Compared To Fy26, Benefiting From Chinese Restrictions On Certain Chemicals. Q1 Fy27 Results Are Anticipated To Be Stronger Than Q4 Fy26 For Both Standalone And Consolidated Businesses, With New Products Driving Margins Up.
Balrampur Chini: Aims For 35% Ebitda Margin For Pla Excluding Capital Subsidies Benefits
Balrampur Chini: Expects Sugar Prices In Uttar Pradesh To Stay Stable And Slowly Rise Due To Balanced Supply And Low Inventory. The Updated Capital Spending For The Pla Project Is Inr 3,080 Crores, With Commissioning Set For The Third Quarter Of This Fiscal Year.
Balrampur Chini: Anticipates 31 Million Tonnes Of Gross Sugar Production For The '25-'26 Sugar Season, Expecting A Net Production Of 28 Million Tonnes After Diverting 3 Million Tonnes. Domestic Sugar Consumption Is Expected To Equal 28 Million Tonnes, And Projected Exports Of 0.7 Million Tonnes Will Decrease Stock From 5 Million Tonnes To 4.3 Million Tonnes.
Eicher Motors: Co' Vecv Plans To Increase Share In Ve Connected Solutions To 74% To Boost Connected Vehicle Tech.
Indian Oil Corp: Approves ₹1,064 Crore Joint Venture With M11 Energy Transition For Sustainable Aviation Fuel Project In Paradip.
Happiest Minds: Confident About Growth In Ai Services Despite Competition From Openai And Anthropic.
Earnings Today: Advent Hotels International, Alembic, Amanta Healthcare, Anthem Biosciences, Asian Energy Services, Ask Automotive, Automotive Axles, Aym Syntex, Basf India, Bel, Bhagiradha Chemicals & Industries, Black Buck, Bls International Services, Bluspring Enterprises, Borosil, Bosch Home Comfort India, Bpcl, Shankara Buildpro, Dishman Carbogen Amcis, Dhanuka Agritech, Disa India, Dredging Corp, Dynamatic Tech, Eureka Forbes, Exicom Tele-systems, Fine Organic Industries, Godawari Power And Ispat, Gsfc, Hatsun Agro Product, Healthcare Global Enterprises, Hindware Home Innovation, Indo Smc, Investment & Precision Castings, Jay Bharat Maruti, J. Kumar Infraprojects, Kddl, Kirloskar Industries, Kopran, Kwality Pharma, Kse, Karnataka Bank, Mankind Pharma, C.e. Info Systems, Mayur Uniquoters, Mindteck (india), Nephrocare Health Services, Nurture Well Industries, Om Power Transmission, Orkla India, Pi Industries, Pnc Infratech, Prince Pipes And Fittings, Ptc India, Riddhi Siddhi Gluco Biols, Rites, Safari Industries India, Synergy Green Industries, Shaily Engineering Plastics, Share India Securities, Siyaram Silk Mills, Spel Semiconductor, Tamilnadu Petroproducts, Trident, United Foodbrands, Viyash Scientific, Wpil, Zeel, Zim Laboratories, Zydus Lifesciences.
Stocks To Watch: Deccan Gold Mines, Astral, Vascon Engineers, Monte Carlo Fashions, Gujarat Narmada Valley Fertilizers & Chemicals, Triveni Turbine, Ig Petrochems, Seamec, Ge Vernova T&d, Afcons Infrastructure, Waaree Renewable Technologies, Puravankara
Deccan Gold Mines: Co Discovers Significant Nickel-copper-pge (platinum Group Elements) Mineralisation At Its Bhalukona Project In Chhattisgarh
Astral: Q4 Cons Net Profit 2.1b Rupees Vs 1.8b (yoy) || Q4 Revenue 21b Rupees Vs 16.8b (yoy) || Q4 Ebitda 3.8b Rupees Vs 3.02b (yoy) || Q4 Ebitda Margin 18.33% Vs 17.96% (yoy)
Vascon Engineers: Co Secures A ₹131.58 Crore Letter Of Intent From Reliance Industries Limited
Monte Carlo Fashions: Q4 Sl Net Profit 50m Rupees Vs Loss 103m (yoy) || Q4 Revenue 2.8b Rupees Vs 2.1b (yoy) || Q4 Ebitda 258m Rupees Vs 60m (yoy) || Q4 Ebitda Margin 9.23% Vs 2.9% (yoy)
Gujarat Narmada Valley Fertilizers & Chemicals: Q4 Sl Net Profit 3.9b Rupees Vs 2.1b (yoy) || Q4 Revenue 22b Rupees Vs 20.6b (yoy) || Q4 Ebitda 4.8b Rupees Vs 2.4b (yoy) || Q4 Ebitda Margin 21.83% Vs 11.68% (yoy)
Triveni Turbine: Q4 Sl Net Profit 790m Rupees Vs 937m (yoy) || Q4 Revenue 6b Rupees Vs 4.9b (yoy) || Q4 Ebitda 1b Rupees Vs 1.2b (yoy) || Q4 Ebitda Margin 17.13% Vs 24.18% (yoy)
Ig Petrochems: Q4 Sl Net Profit 371m Rupees Vs 210m (yoy) || Q4 Revenue 5.24b Rupees Vs 4.8b (yoy) || Q4 Ebitda 688m Rupees Vs 488m (yoy) || Q4 Ebitda Margin 13.14% Vs 10.17% (yoy)
Seamec: Q4 Cons Net Profit 1b Rupees Vs 430m (yoy) || Q4 Revenue 3.27b Rupees Vs 1.99b (yoy) || Q4 Ebitda 1.6b Rupees Vs 812m (yoy) || Q4 Ebitda Margin 48.66% Vs 40.65% (yoy)
Ge Vernova T&d: Q4 Sl Net Profit 3.5b Rupees Vs 1.86b (yoy) || Q4 Revenue 16.37b Rupees Vs 11.5b (yoy) || Q4 Ebitda 4.45b Rupees Vs 2.5b (yoy) || Q4 Ebitda Margin 27.18% Vs 21.88% (yoy)
Afcons Infrastructure: Q4 Sl Net Loss 630m Rupees Vs 1.75b (yoy) || Q4 Revenue 26b Rupees Vs 32.2b (yoy) || Q4 Ebitda 633m Rupees Vs 3.6b (yoy) || Q4 Ebitda Margin 2.42% Vs 11.21% (yoy)
Waaree Renewable Technologies: Co Bags A Massive Turnkey 350mw / 1400mwh Battery Energy Storage System Epc Contract
Puravankara: Q4 Cons Net Profit 1.14b Rupees Vs Loss 855m (yoy) || Q4 Revenue 15b Rupees Vs 5.42b (yoy) || Q4 Ebitda 3b Rupees Vs 305m (yoy) || Q4 Ebitda Margin 20% Vs 5.62% (yoy)
Puravankara: Company Has 2.53 Million Square Feet Of Completed Properties Waiting For Revenue Recognition By March 31, 2026, Which Will Provide A Significant Revenue Boost For Fy27.