| Date | Report Title | Sectors | Analyst | Action |
|---|---|---|---|---|
| Jan 28 2026 |
Near-term stress, valuations attractive in long run
We believe valuations are attractive at current levels. We recommend Buy with a PT of Rs. 1,585.
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Cipla Ltd | Thomas Abraham | |
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| Jan 28 2026 |
Soft Q3; demand to improve gradually
Stock trades at 54x/48x/42x its FY26E/FY27E/FY28E EPS, respectively. We maintain Buy on the stock with a revised PT of Rs. 3,105.
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Asian Paints Ltd | Kruttika Prabhudesai | |
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| Jan 28 2026 |
Launches paused in Q3; activity to resume in Q4
The company is confident to achieve its full year pre-sales guidance of Rs. 20,000 crore (80% already done). Exit rental expected Rs.6400 for FY26.
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DLF Ltd | ||
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| Jan 28 2026 |
Persistent Ad Weakness; Margin Recovery Slower than Guided
Court case v/s Jio also represents operational uncertainty. Hence, we revise our price target to Rs. 1111
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Zee Entertainment Enterprises Ltd | ||
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| Jan 28 2026 |
Q3 growth momentum aligns with expansion plans
At CMP, JSTL trades at current valuation of 9.1x/8.2x for FY27E/FY28E EV/EBITDA. We upgrade our rating to BUY with a PT of Rs. 1360.
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JSW Steel Ltd | ||
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| Jan 27 2026 |
India and AUM drive Q3; Indonesia stabilising
Stock trades at 54x/45x/39x its FY26E/FY27E/FY28E EPS, respectively. We maintain a Buy with a revised PT of Rs. 1,460.
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Godrej Consumer Products Ltd | ||
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| Jan 27 2026 |
Generics drive growth in Q3, Awaiting further scale up in CDMO
With improving asset utilisations, we value the stock at 47x on FY28E earnings of 23.4 and retain the Hold rating with a PT of Rs.1,101.
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Laurus Labs Ltd | ||
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| Jan 27 2026 |
Guidance raised; demand, margin drivers intact
We maintain a Buy rating with a revised target price of Rs 2,460, driven by higher guidance, capacity ramp-up, and structural demand.
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APL Apollo Tubes Ltd | ||
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| Jan 27 2026 |
Leadership change surprises, though outlook remains positive
Aseem Dhru, CEO & MD has stepped down, but we do not see any significant impact of the same in the medium to long term. We stay positive on the stock with a revised PT of Rs. 110.
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SBFC Finance Ltd | ||
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| Jan 27 2026 |
Strong Q3; momentum here to stay
Stock trades at 70x/53x/43x its FY26E/FY27E/FY28E earnings, respectively. We retain a Buy with an unchanged PT of Rs. 3,840.
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Radico Khaitan Ltd | ||
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| Jan 27 2026 |
Robust Q3 beats estimates
We maintain a Buy with a revised price target of Rs. 14,800, backed by strong growth visibility and margin recovery.
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UltraTech Cement Ltd | ||
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| Jan 27 2026 |
Decent Q3, long-term outlook stable
Bank is well capitalized with broadly stable operating metrics; we maintain BUY rating with revised PT of Rs1490.
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Axis Bank Ltd | ||
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| Jan 27 2026 |
Operationally stable, unsecured NPAs easing
Overall numbers for Q3FY26 were steady and we maintain a Buy rating with a PT of 500.
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Kotak Mahindra Bank Ltd | ||
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| Jan 23 2026 |
Growth prospects remain intact
Company likely to do well, backed by multiple tailwinds; stock trades at 35x/28x to FY27/FY28 EPS estimates. We maintain a Buy with a PT of Rs. 4,800.
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KEI Industries Ltd | ||
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| Jan 23 2026 |
Solid momentum to drive FY27 growth
We roll forward our valuation to Dec-27 and retain a Buy rating with a price target of Rs. 2,133 at 31x P/E.
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Coforge Ltd | ||
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| Jan 23 2026 |
Expected plastic piping to return to normalcy
Recommendation: BUY rating maintained with a revised target price of Rs. 4,200.
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Supreme Industries Ltd | ||
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| Jan 23 2026 |
Weak Q3, outlook stays positive
We maintain a Positive view with a PT of Rs. 1,050 (1.2x FY28E BV). Stock trades at 1.0x FY28E BVPS.
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PNB Housing Finance Ltd | ||
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| Jan 23 2026 |
India and Europe outperform, helps negate price erosion in USA
We expect the new launches to become more EPS accretive over the next 6-8 quarters. We value the stock at 18.5x on FY28E EPS of Rs. 71.2, and retain our Hold rating with a PT of Rs. 1,316.
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Dr. Reddy's Laboratories Ltd | ||
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| Jan 22 2026 |
Growth traction healthy, stable operational performance
We maintain a Buy rating on the stock with a revised PT of Rs. 190.
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Bank of India | ||
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| Jan 22 2026 |
Weaker quarter due to multiple headwinds
We maintain a Buy rating and keep price target unchanged at Rs 2,692 (18x P/E multiple).
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Mastek Ltd | ||
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| Jan 22 2026 |
Cost Discipline and Capacity Expansion Remain Intact
We retain a Buy rating with a PT of Rs. 2,550, the stock trades at 14.4x/12.8x/11.6x FY26E/FY27E/FY28E EV/EBITDA, backed by high cost visibility and a strong balance sheet.
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Dalmia Bharat Ltd | ||
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| Jan 21 2026 |
Launch deferrals hit Q3; uptick eyed in Q4
We remain positive on the stock, expecting a ~24% upside, supported by strong launch momentum in upcoming quarters, a robust balance sheet, and favourable regional demand tailwinds.
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Oberoi Realty Ltd | ||
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| Jan 21 2026 |
On a strong footing
Valuations are stiff and factor in most positives, hence we maintain our Hold rating on the stock with revised PT of Rs. 1130.
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AU Small Finance Bank Ltd | ||
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| Jan 21 2026 |
Poised to outpace
We have rolled our valuation forward to Dec-27 and applied a P/E multiple of 44x, resulting in an unchanged price target of Rs. 7,295.
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Persistent Systems Ltd | ||
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| Jan 20 2026 |
On a steady momentum
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LTIMindtree Ltd | ||
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| Jan 20 2026 |
Margins disappoint, asset quality and profitability intact
Outlook steady on asset quality and credit growth; maintain Buy with a revised PT of Rs. 145
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Punjab National Bank | ||
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| Jan 20 2026 |
In line Q3, strong growth expected post IT transformation
We maintain a Buy rating on the stock with a revised PT of Rs. 1,100, valuing it at 1.8x of FY2028E BV.
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Can Fin Homes Ltd | ||
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| Jan 19 2026 |
Healthy core earnings momentum
Fundamental outlook healthy; valuations factor in positives, maintain HOLD with revised PT of Rs310.
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Federal Bank Ltd | ||
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| Jan 19 2026 |
Robust deal wins, Sustained margin expansion, Upbeat outlook
We roll forward our valuation to Dec’27 and apply a P/E of 21.0x. Accordingly, we raise our PT to Rs. 2,000 while maintaining a Buy rating.
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Tech Mahindra Ltd | ||
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| Jan 19 2026 |
Reorganising to unlock future value
We stay Positive and expect an upside of 53% in LTHL. Stock trades at 14x/12x/11x its FY26E/27E/28E EV/EBIDTA, respectively.
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Lemon Tree Hotels Ltd | ||
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| Jan 19 2026 |
In-line Q3, outlook stays strong
We maintain a Buy on the stock with a revised PT of Rs. 345, valuing it at 2.4x of FY28 BV.
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L&T Finance Ltd | ||
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| Jan 19 2026 |
Loan growth speeding up, operational levers present
Term deposit repricing and improvement in cost ratios to aid healthy levels of PAT, maintain Buy with an unchanged PT of Rs.1150.
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HDFC Bank Ltd | ||
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| Jan 19 2026 |
Highs, Lows, and Plateaus
Bank poised for steady growth and return ratios, we maintain Buy with an unchanged PT of Rs. 1700.
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ICICI Bank Ltd | ||
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| Jan 16 2026 |
Restructuring to taper near-term growth
Revenues fell 2.8% q-o-q in CC terms, lagging estimates, primarily due to a strategic restructuring under its five-year Lakshya plan
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L&T Technology Services Ltd | ||
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| Jan 16 2026 |
Margins stable, awaiting catalysts for future growth
We maintain a PT of Rs. 285 and Hold rating; after the recent rally, CMP has priced in current catalysts, with further upside requiring clear revenue acceleration.
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Wipro Ltd | ||
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| Jan 16 2026 |
Stunning volume growth impacted by higher commodity prices
We expect revenue/PAT to clock a CAGR of 23%/29%, respectively from FY25-28, with a good RoCE of 34%. Hence, we maintain a Buy rating with a PT of Rs 8,800.
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Polycab India Ltd | ||
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| Jan 14 2026 |
Stunner Result, Guidance Raised & Strong Deal Win
We maintain a Buy rating with a price target of Rs 1,920, valuing the company at 20.6x and 19.2x respectively.
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Infosys Ltd | ||
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| Jan 14 2026 |
Respectable Q3 barring one-offs; outlook steady
APE improved, beating our estimates, driven by individual policies.
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HDFC Life Insurance Company Ltd | ||
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| Jan 13 2026 |
On a steady growth path
APE grew 3.6% y-o-y - within which protection APE rose 19% y-o-y, while non-linked APE was up 15.2% y-o-y.
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ICICI Prudential Life Insurance Company Ltd | ||
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| Jan 13 2026 |
Growth on track despite blips
GDPI rose 13.3% y-o-y, outpacing industry, leading to market share gains.
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ICICI Lombard General Insurance Company Ltd | ||
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| Jan 12 2026 |
Steady Q3; margins stable
We roll forward valuation to Dec-2028, reiterate Buy with unchanged PT of Rs. 3,900. Stock trades at 20.9x FY27E and 19.6x FY28E PE.
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Tata Consultancy Services Ltd | ||
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| Jan 12 2026 |
AI tailwinds brighten growth path
Q3FY26 revenue stood at $3,793 million, up 4.2% q-o-q (+4.8% y-o-y) in CC terms.
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HCL Technologies Ltd | ||
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| Jan 09 2026 |
Q3FY2026 NBFCs, Insurance, AMC & Diversified Financials Results Preview
NBFCs and Other diversified financials: Healthy Q3; Insurance and AMCs: Mix Q3
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| Jan 09 2026 |
Q3FY2026 Pharmaceuticals and Healthcare Results Preview
Eyeing a mixed bag Q3
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| Jan 09 2026 |
Q3FY2026 Consumer Discretionary Results Preview
Some hits; some misses
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| Jan 09 2026 |
Q3FY2026 Cement Results Preview
Volume-led growth offsets weak pricing
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| Jan 08 2026 |
Q3FY2026 Consumer Goods Results Preview
Improving volumes as tax disruptions fade; margins recovering
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| Jan 08 2026 |
Q3FY2026 Capital Goods Results Preview
Sector comfortably placed
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| Jan 07 2026 |
5 Curated Stock Ideas for January 2026
As we set foot into 2026, here are five stocks to help your portfolio stay afloat
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Mirae Asset Research Team | ||
| Jan 07 2026 |
Q3FY2026 Banking Results Preview
Growth momentum, stable operating metrics to aid return ratios
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| Jan 06 2026 |
Eyeing volume and store-driven growth
Jubilant Foodworks (JFL) continues to focus on free delivery, loyalty programs, product innovation, value offerings and faster delivery to drive growth.
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Jubilant Foodworks Ltd | ||
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| Jan 06 2026 |
Q3FY2026 IT Results Preview
Q3 Muted by Seasonality; Eyes on CY26 Demand Outlook
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| Dec 12 2025 |
On steady growth path
Chalet Hotels has de-risked its portfolio by diversifying in terms of asset class and asset category.
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Chalet Hotels Ltd | ||
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| Dec 12 2025 |
A year of domestic resilience
In 2025, Indian equities navigated a stormy path
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| Dec 11 2025 |
Outlook strong, lending biz returns to pick up
NBFC business’ returns to improve to 2.4% in Q4FY26, and that of HFC business to 2-2.2% in 7-8 quarters.
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Aditya Birla Capital Ltd | ||
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| Dec 09 2025 |
ICICI Prudential AMC Ltd
ICICI Prudential Asset Management Company (AMC) is set to launch its Initial Public Offering (IPO) of ~ Rs. 10,603 crore (as an OFS).
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Mirae Asset Research Team | ||
| Dec 05 2025 |
‘Growth First’, echoes Mint St
RBI wraps up 2025 with 25-bps repo rate cut, liquidity boosters
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| Dec 04 2025 |
5 Curated Stock Ideas for December 2025
As curtains prepare to drop on 2025, this edition of Vantage presents five stocks to help your portfolio end the year on a cheery crescendo
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Mirae Asset Research Team | ||
| Dec 03 2025 |
Rupee set to be Asian laggard
Indian Rupee to be among the worst-performing Asian currencies
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| Dec 01 2025 |
Q2 GDP at 8.2%; growth momentum affirmed
India’s GDP accelerated sharply, growing at 8.2% in Q2FY26
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| Nov 26 2025 |
Q2FY2026 Pharmaceuticals and Healthcare Results Review
Robust Q2; Outlook Positive on CDMO and complex drugs
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| Nov 25 2025 |
Q2FY2026 IT Review Results Review
Demand condition stabilizing, execution up, attractive valuation
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| Nov 25 2025 |
Tailwinds galore
RBI’s recent regulatory changes to boost growth; improving outlook on NIMs and asset quality,
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Banks | ||
| Nov 21 2025 |
Hotels on a strong growth trajectory
Hotel companies’ Q2FY26 was affected by heavy rainfall, a high base, room renovations, domestic air travel slowdown and geopolitical tensions.
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Consumer Discretionary | ||
| Nov 13 2025 |
At a crossroads
Multiple tailwinds were at play in October, propelling the Indian stock markets to fresh highs
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| Nov 13 2025 |
CPI inflation plunges further
CPI inflation rose just 0.25% in October y-o-y, the lowest in the current 2012 series
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| Nov 07 2025 |
Debuts: 5 Curated Stock Ideas for November 2025
It's time again to give your portfolio that edge, with yet another edition of Vantage.
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Mirae Asset Research Team | ||
| Oct 29 2025 |
IIP print stays steady
India’s Index of Industrial Production (IIP) rose 4.0% y-o-y in September 2025
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| Oct 14 2025 |
Diwali Picks - 2025
The Nifty 50 has navigated a year of instability since last Diwali, trading in a narrow range of 24000-25000 and delivering near-zero net returns during the period.
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| Oct 14 2025 |
CPI inflation slumps to historical low
The benchmark Consumer Price Index (CPI) inflation, plummeted to 1.54% in September 2025
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| Oct 10 2025 |
Festive cheer beckons
September was a tough month for Indian stock markets, yet resilience was the flavour as the benchmark indices ended the month with modest gains, braving intense global headwinds.
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| Oct 06 2025 |
LG Electronics India Ltd
LG Electronics Inda Ltd. (LGEIL) is coming up with a book build issue of Rs. 11,605 crore
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Mirae Asset Research Team | ||
| Oct 03 2025 |
Tata Capital Ltd
Tata Capital Ltd. is coming up with a book build issue of Rs. 15,512 crore.
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Mirae Asset Research Team | ||
| Sep 22 2025 |
Anand Rathi Share and Stock Brokers Limited
Anand Rathi Share and Stock Brokers Limited (ARSSBL) is an established, over three-decade old, full-service brokerage house in India with over three decades of experience. It operates in highly compet
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Mirae Asset Research Team | ||
| Sep 11 2025 |
‘G’ for GDP, GST…Good News?
The Indian stock markets climbed a wall of worries in August, with the Nifty and Sensex plummeting after being in the green for the previous four months.
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| Aug 20 2025 |
Braving multiple headwinds
Globally, as well as at home, the Street’s battling the aftermath of US President Donald Trump’s tariff tantrums.
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| Jul 28 2025 |
National Securities Depository Limited (NSDL)
NSDL is coming with an IPO of Rs. 4,012 crore that is entirely an offer for sale of 5.01 crore shares
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Mirae Asset Research Team | ||
| Jul 17 2025 |
Turnaround Times
Indian equities continued to rise for the fourth consecutive month in June, with the Sensex and Nifty rising 2.6-3%
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| Jun 23 2025 |
HDB Financial Services
HDB Financial is coming with an IPO of Rs. 12,500 crore. The issue is a combination of a fresh issue of Rs. 2,500 crore
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Mirae Asset Research Team | ||
| Feb 01 2025 |
Focus shifts to consumption
Budget 2025-26 was a well-balanced one, meeting market expectations on fiscal consolidation
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| Dec 17 2024 |
“It’s just a pause”
Equity markets remained upbeat in CY2024 despite an eventful year with elections in India and the U.S., rising geopolitical conflicts, and beginning of the interest rate reversal cycle.
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