Broker Research Reports 13

Weekly Tactical Pick: This power utility’s core business remains structurally intact

Strong capex pipeline, easing execution issues could set the stage for earnings recovery in the second half of current fiscal

KEC International: The stigma of a bribery case is hurting prospects

The issue relates to a bribery case in March 2025, in which a senior PGCIL general manager and a KEC executive were arrested. Power Grid Corporation of India then barred the company from participating in fresh tenders for nine months.

Craftsman Automation: Enough headroom to grow, valuation fair

With a strong market presence in its targeted segments, CAL is poised to benefit from the expected positive trends in commercial vehicle demand

Weekly Tactical Pick: Multiple triggers in place for this OEM

Thanks to new SUV models, Maruti has secured a leadership position in the Rs 10-20 lakh segment. It aims to further increase market share with more launches in this segment.

Utility vehicles, two-wheelers shine in June

While commercial vehicle sales saw subdued demand, a sudden halt in demand for EVs, post phasing out of subsidies, is another takeaway

Hero MotoCorp Q4 FY24: Rich product mix augurs well

The company is seeing a surge in demand, particularly in rural areas, supported by the combination of renewed consumer interest and new models in the premium segment.

Bharti Hexacom IPO: Issue fairly priced, growth play limited

The telecom service provider operates only in two markets with no immediate plans for expansion

Weekly Tactical Pick: Why this PSU is an oasis of stability in an uncertain market

Power Grid’s improved operating performance and the company’s strategy to aggressively deploy growth capital, following a revival in the domestic T&D capex cycle, are among the factors that make it an attractive bet

Premium launches drive growth for Eicher in Q3 FY24

Outlook promising, supported by better fleet utilisation and resilience in rural demand

IndiGo continues to soar high, an investment for long haul

With robust domestic and international demand, coupled with a favourable high-yield environment, the company is expected to reach new heights

JSW Energy: Riding ahead of its earnings growth

The company is benefiting from higher power demand and elevated price

Gabriel India: Primed for huge growth play

Demand across various segments is strong and fresh opportunities are emerging in sun-roof and EV sectors

Ashok Leyland Q2 FY24: Demand, cost tailwinds augur well

The company’s solid product line-up and expanding market share position it favourably in the market

JSW Energy: In an expansion mode

The company will continue to benefit from higher merchant sales and realisations, thanks to increasing peak power deficit. Strong pipeline of projects would support growth and earnings.

IdeaForge Technology: Pricing in too much optimism

Growth levers are in place and the company is moving towards a higher scale