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KFINTECH
Duration: Month
Target:1300
neutral DRREDDY
Duration: Month
Target:1250
neutral TATAPOWER
Duration: Month
Target:480
buy SBILIFE
Duration: Month
Target:2240
buy KOTAKBANK
Duration: Month
Target:2500
buy LAURUSLABS
Duration: Month
Target:1110
buy COLPAL
Duration: Month
Target:2850
buy HINDUNILVR
Duration: Month
Target:3050
buy SUNTECK
Duration: Month
Target:574
buy CANFINHOME
Duration: Month
Target:915
neutral
MOSt Market Roundup : Nifty future closed flattish at 25904 levels by Motilal Oswal Wealth Management Market Update Nifty : 25,763.35 +41.25 (+0.16%) Sensex : 83,978.49 +39.78 (+0.05%) * Equity benchmark Nifty ended slightly higher, closing above the 25,700 mark, as investor focus shifted toward mid-cap and small-cap stocks following strong quarterly earnings. While large-cap stocks traded within a narrow range, keeping Nifty largely range-bound, the broader market saw a smart rally, with the Nifty 500 advance-decline ratio at 2:1. The index gained 41 points (0.2%) to finish at ...
MOSt Market Roundup : Nifty future closed flattish at 25904 levels by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty future closed flattish at 25904 levels by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-11-03 05:35:28 pm
Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25722) Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones. Now it has to cross and hold above 25900 zones to again regain strength towards 26100 then 26277 zones while supports can be seen at 25700 then 25600 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 57776) Bank Nifty support is at 57750 then 57500 zones while resistance at 58350 then 58577 zones. Now it has to hold above 577...
Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones - Motilal Oswal Wealth Management
Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-11-03 10:26:15 am
Company Update : Bluedart Express by Motilal Oswal Financial Services Ltd Beat on EBITDA Earnings snapshot: 2QFY26 * Blue Dart’s revenue grew ~7% YoY to INR15.5b in 2QFY26 (in line). * EBITDA margin came in at 10.1% in 2QFY26 (up 170bp YoY and 320bp QoQ) vs. our estimate of 8.7%. * EBITDA grew ~29% YoY to INR1.57b (13% above our estimate). * The company reported a profit of INR795m vs. INR608m in 2QFY25 (6% above our estimate). * As part of its strategic growth agenda, Blue Dart recently announced two significant initiatives: 1) the launch o...
Company Update : Bluedart Express by Motilal Oswal Financial Services Ltd
Company Update : Bluedart Express by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 06:03:14 pm
Company Update : CAMS by Motilal Oswal Financial Services Ltd In-line performance across parameters * CAMS’ AAUM grew 16% YoY and 7% QoQ to INR52.1t in 2QFY26 with a market share of ~68%. Equity mix stood at 55.1% vs 55.4% in 2QFY25 and 54.8% in 1QFY26. Equity AUM rose 16% YoY to INR28.7t. * The transaction volume grew 16% YoY and 6% QoQ to 259.8m in 2QFY26. * CAMS reported an operating revenue of INR3.8b in 2QFY26 (in line), reflecting 3% YoY/6% QoQ growth. For 1HFY26, revenue came in at INR7.3b, +5% YoY. * The non-MF segment contribu...
Company Update : CAMS by Motilal Oswal Financial Services Ltd
Company Update : CAMS by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 05:59:29 pm
Company Update : Star Health by Motilal Oswal Financial Services Ltd In-line performance * Gross written premium at INR44.2b grew 1% YoY (in line), driven by 8% YoY growth in retail health premium, which was offset by 47% YoY decline in group health premium. For 1HFY26, the premium grew 2% YoY to INR80b. * Net earned premium grew 10% YoY to INR40.8b (in line). For 1HFY26, NEP grew 11% YoY to INR80b. * Claims ratio at 71.5% (vs. our estimate of 72.5%) declined 130bp YoY, while net claims incurred grew 8% YoY to INR29.2b. * Commission ratio at 16.3% ...
Company Update : Star Health by Motilal Oswal Financial Services Ltd
Company Update : Star Health by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 05:57:18 pm
Company Update : Jindal Steel by Motilal Oswal Financial Services Ltd Strong beat despite a weak NSR Consolidated performance highlights: * JSP’s revenue stood at INR117b (+4% YoY and -5% QoQ) vs. our estimate of INR107b. The QoQ decline was primarily led by muted realization. * Adj. EBITDA stood at INR20.8b, down by 5% YoY and 31% QoQ (against our est. of INR15.8b) over muted realization and stable cost. EBITDA/t declined to INR11,129 (-6% YoY) in 2QFY26 from INR15,819/t in 1QFY26. * APAT for the quarter stood at INR6.6b (-24% YoY and -56% Qo...
Company Update : Jindal Steel by Motilal Oswal Financial Services Ltd
Company Update : Jindal Steel by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 05:52:28 pm
Company Update : Mahindra Logistics by Motilal Oswal Financial Services Ltd Dismal result yet again Earnings snapshot: 2QFY26 * Revenue grew ~11% YoY to INR16.8b in 2QFY26 (in line with our estimate). * EBITDA margin came in at 5% in 2QFY26 (up 60bp YoY and 30bp QoQ), against our estimate of 5.1%. * EBITDA grew ~28% YoY to INR851m (in line with our estimate). * The company’s adjusted net loss stood at INR104m in 2QFY26 vs INR107m in 2QFY25 (our estimate of INR75m profit).   Segmental performance * The supply chain segment recorded r...
Company Update : Mahindra Logistics by Motilal Oswal Financial Services Ltd
Company Update : Mahindra Logistics by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 02:41:49 pm
Company Update : KFin Technologies by Motilal Oswal Financial Services Ltd In-line performance * KFin Technologies (KFin) reported a 10% YoY growth in operating revenue to INR3.1b in 2QFY26 (in-line), driven by 10%/16%/33% YoY growth in domestic MF solutions/issuer solutions/international solutions segments. * Total MF AAUM serviced during the quarter grew 17% YoY to INR25t. Equity AAUM at 58% of total MF AAUM, grew 14% YoY to INR14.6t reflecting a market share of 33% (33.4% in 2QFY25). * In the issuer services business, the main board IPO market share (con...
Company Update : KFin Technologies by Motilal Oswal Financial Services Ltd
Company Update : KFin Technologies by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 02:39:34 pm
Company Update : SRF by Motilal Oswal Financial Services Ltd Operating performance in line * SRF reported total revenue of INR36.4b (est. INR38.8b) in 2QFY26, up ~6% YoY. Revenue from Chemical business grew 23%YoY to ~INR16.7b, while revenue from Technical Textile/Packaging Film businesses declined 11%/1% to INR4.7b/INR14b. * EBITDA margins expanded by 570bp YoY to 22.1% (est. 21.2%), while gross margin expanded 500bp YoY to 51.4%. As a percentage of sales, employee costs stood at 7.6% (vs. 7.4% YoY), power costs at 9.4% (vs. 10.1% YoY) and other...
Company Update : SRF by Motilal Oswal Financial Services Ltd
Company Update : SRF by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 02:35:26 pm
Company Update : Indus Towers by Motilal Oswal Financial Services Ltd Broadly in line; elevated capex and higher receivables led to sharp moderation in FCF generation * Indus’ 2QFY26 results were broadly in line with our estimates with recurring EBITDA (excl. provision reversals) rising 3% QoQ to INR43.8b. * Reported EBITDA was boosted by ~INR1.95b in prior period provision reversals (entire past dues now recovered). * Operationally, tower additions picked up QoQ after a subdued 1Q, while tenancy additions moderated likely due to tapering off of ...
Company Update : Indus Towers by Motilal Oswal Financial Services Ltd
Company Update : Indus Towers by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 02:31:33 pm
Company Update : IOCL by Motilal Oswal Financial Services Ltd Higher-than-expected GRM boosts 2Q performance * EBITDA came in 51% above our estimate at INR145.8b (up 248% YoY). * IOCL’s reported GRM came in 66% above our estimate at USD10.7/bbl; refining inventory gains stood at USD1.8/bbl during the quarter. * The marketing margin stood at INR6.2/lit, 19% above estimates. * LPG under-recovery of INR21.3b was booked in 2Q (INR37.1b in 1Q) * Marketing and refining throughput came in line with our estimate. * The petchem segment po...
Company Update : IOCL by Motilal Oswal Financial Services Ltd
Company Update : IOCL by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 02:21:57 pm
Telecom Sector Update : SC allows GoI to re-examine the AGR issue; upgrade Vi to Neutral by Motilal Oswal Financial Services Ltd SC allows GoI to re-examine the AGR issue; upgrade Vi to Neutral * Supreme Court (SC) has permitted the Union government (GoI) to re-examine the AGR verdict, taking into account the fact that GoI now holds 49% equity stake in Vodafone Idea (Vi) and aiming to prevent any disruption in services for ~200m Vi customers. * The SC observed that any decision regarding AGR relief lie within the policy domain of the Union, thereby clearing the way for the GoI to extend such relief. * We belie...
Telecom Sector Update : SC allows GoI to re-examine the AGR issue; upgrade Vi to Neutral by Motilal Oswal Financial Services Ltd
Telecom Sector Update : SC allows GoI to re-examine the AGR issue; upgrade Vi to Neutral by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 12:53:52 pm
Metals Sector Update : Rising LME prices and premiums to prop up the earnings of non-ferrous players by Motilal Oswal Financial Services Ltd Rising LME prices and premiums to prop up the earnings of non-ferrous players Aluminum prices rise; tight demand-supply to keep prices elevated * LME aluminum prices have risen by 7-8% in the last one month, driven by a tight demand-supply situation. The global aluminum market is undergoing a structural transformation, which is likely to shift towards a supply deficit, mainly fueled by capacity constraints in China and a gradual recovery in global demand. * The demand is improving fo...
Metals Sector Update : Rising LME prices and premiums to prop up the earnings of non-ferrous players by Motilal Oswal Financial Services Ltd
Metals Sector Update : Rising LME prices and premiums to prop up the earnings of non-ferrous players by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 11:58:55 am
Indian General Insurance Sector Update : GST 2.0: New wheels to drive motor insurance growth by Motilal Oswal Financial Services Ltd GST 2.0: New wheels to drive motor insurance growth * GST rate cuts, coupled with improving rural sentiment and easing financing costs, have started to revive automobile demand after a prolonged slowdown. The sustained recovery in vehicle sales should gradually expand the addressable market for motor insurers. * With lower vehicle prices leading to reduced insured declared values (IDV), owndamage premiums have softened marginally, enhancing affordability for buyers. While this could lim...
Indian General Insurance Sector Update : GST 2.0: New wheels to drive motor insurance growth by Motilal Oswal Financial Services Ltd
Indian General Insurance Sector Update : GST 2.0: New wheels to drive motor insurance growth by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 11:48:44 am
Defence Sector Update : DAC approval positive for the sector by Motilal Oswal Financial Services Ltd DAC approval positive for the sector The Defence Acquisition Council (DAC) has approved capital acquisition proposals worth INR790b for the Indian Army, Navy, and Air Force. Earlier during the last few months, too, several developments have happened in the defence sector,such as the DAC approval of INR670b in Aug’25, followed by a focus on the defence Procurement Manual (DPM) 2025 and the TPCR roadmap for technology and capability building within the country. This suggests a continuo...
Defence Sector Update : DAC approval positive for the sector by Motilal Oswal Financial Services Ltd
Defence Sector Update : DAC approval positive for the sector by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 11:35:01 am
Consumer Sector Update : Singapore roadshow - Rising investor optimism in Indian consumer stocks by Motilal Oswal Financial Services Ltd Singapore roadshow – Rising investor optimism in Indian consumer stocks We recently concluded our Singapore roadshow, where we had the opportunity to meet with over 20 investors. Having conducted a similar roadshow earlier, this visit allowed us to compare current investor sentiment with past trends. This trip was particularly notable for a marked uptick in investor interest in consumer stocks. The discussions revolved around key themes, such as: 1) Is GST 2.0 truly a game changer; 2...
Consumer Sector Update : Singapore roadshow - Rising investor optimism in Indian consumer stocks by Motilal Oswal Financial Services Ltd
Consumer Sector Update : Singapore roadshow - Rising investor optimism in Indian consumer stocks by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 11:20:58 am
Company Update : Zen Technologies by Motilal Oswal Financial Services Ltd Bottom-line beat due to higher other income and lower tax rate * The company reported a weak set of numbers in 2QFY26 with a miss on revenue and EBITDA, while PAT beat our estimates. * Revenue decreased 48% YoY to INR1.2b, missing our estimate by 10%. * Gross margins were 140bp below our expectation at 55.1% vs our estimate of 57.5%. * Absolute EBITDA declined 47% YoY to INR418m, indicating a miss on our estimates by 13%. EBITDA margin at 33.5% expanded 60bp YoY, though it was bel...
Company Update : Zen Technologies by Motilal Oswal Financial Services Ltd
Company Update : Zen Technologies by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-11-02 11:10:21 am
MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 25907 levels by Motilal Oswal Wealth Management Market Update Nifty : 25,722.10 -155.75 (-0.60%) Sensex : 83,938.71 -465.75 (-0.55%) * Equity benchmark indices extended losses for the second straight session, with the Nifty slipping below the 25,800 mark amid concerns over the US-India trade deal and continued FII selling. Market sentiment was further dampened by a mixed set of quarterly earnings and weak global cues following the US Fed’s hawkish stance, indicating more rate cuts later this year. The Sensex declined 46...
MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 25907 levels by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 25907 levels by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-11-01 03:13:31 pm
Motilal Oswal Board Strengthens Board with 4 New Directors Motilal Oswal Financial Services Limited (“MOFSL” / “the Company”) today announced key appointments to its Board of Directors, aimed at further strengthening strategic leadership, governance, and business continuity. The Company has appointed Mr Pratik Oswal and Mr Vaibhav Agrawal from the Promoter Group to its Board of Directors. Additionally, Mr Joseph Conrad Agnelo D’Souza (Mr Conrad D’Souza, a senior HDFC Group veteran f...
Motilal Oswal Board Strengthens Board with 4 New Directors
Motilal Oswal Board Strengthens Board with 4 New Directors
Source: PR Agency
2025-10-31 12:40:16 pm
Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones by Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25877) Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones. Now it has to cross and hold above 25900 zones to again regain strength towards 26100 then 26277 zones while supports can be seen at 25700 then 25600 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 58031) Bank Nifty support is at 57750 then 57500 zones while resistance at 58350 then 58577 zones. Now it has to hold above...
Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones by Motilal Oswal Wealth Management
Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-31 10:12:50 am
The Economy Observer : FOMC Oct’25: Fed eases, RBI set to follow by Motilal Oswal Financial Services Ltd * The Fed cut rates by 25bp to 3.75-4.00%, as expected, and announced it will end Quantitative Tightening (QT) from 1st Dec’25 to ease money-market liquidity pressures. Inflation remains elevated but stable, giving the Fed some room to support a weakening labor market. * With no new projections or dot plot, markets looked to Chair Powell’s press conference. Powell sounded cautious, stressing that future rate cuts are not guaranteed and will depend on upcoming inflation and jobs...
The Economy Observer : FOMC Oct’25: Fed eases, RBI set to follow by Motilal Oswal Financial Services Ltd
The Economy Observer : FOMC Oct’25: Fed eases, RBI set to follow by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2025-10-30 05:35:02 pm
MOSt Market Roundup : Nifty future closed negative with losses of 0.77% at 26037 level by Motilal Oswal Wealth Management Market Update Nifty : 25,877.85 -176.05 (-0.68%) Sensex : 84,404.46 -592.67 (-0.70%) * Equity benchmark Sensex fell nearly 600 points, while the Nifty slipped below the 26,000 mark as profit booking and concerns over the US-China trade deal weighed on sentiment. A hawkish tone from the US Federal Reserve, which signaled limited scope for further rate cuts, also dampened investor confidence. * Most major Nifty sectoral indices, including Metal, Banking, IT, Pharma, and FMCG, d...
MOSt Market Roundup : Nifty future closed negative with losses of 0.77% at 26037 level by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty future closed negative with losses of 0.77% at 26037 level by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-30 05:19:10 pm
Nifty immediate support is at 25900 then 25800 zones while resistance at 26277 then 26350 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 26053) Nifty immediate support is at 25900 then 25800 zones while resistance at 26277 then 26350 zones. Now it has to hold above 25950 zones for an up move towards 26277 then 26350 zones while supports can be seen at 25900 then 25800 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 58385) Bank Nifty support is at 58000 then 57750 zones while resistance at 58577 then 58750 zones. Now it has to hold above 58000 zones for an...
Nifty immediate support is at 25900 then 25800 zones while resistance at 26277 then 26350 zones - Motilal Oswal Wealth Management
Nifty immediate support is at 25900 then 25800 zones while resistance at 26277 then 26350 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-30 10:14:43 am
Derivative Rollover Note 29th October 2025 by Motilal Oswal Wealth Mangement Short Covering Paves Way for Fresh Longs In November Nifty index began the October series on a firm and optimistic note, maintaining its upward trajectory throughout the month with a sustained rally of about 1500 points. It managed to surpass the 26100 mark and moved closer to its all-time high territory, finally settling near the upper end of the range. On an expiry-to-expiry basis, Nifty formed a strong bullish candle, reflecting renewed confidence and a decisive comeback by the bulls, s...
Derivative Rollover Note 29th October 2025 by Motilal Oswal Wealth Mangement
Derivative Rollover Note 29th October 2025 by Motilal Oswal Wealth Mangement
Source: Motilal Oswal Wealth Mangement
2025-10-29 05:49:24 pm
MOSt Market Roundup : Nifty future closed positive with gains of 0.66% at 26261 levels by Motilal Oswal Wealth Management Market Update Nifty : 26,053.90 +117.70 (+0.45%) Sensex : 84,997.13 +368.97 (+0.44%) * Equity benchmark Nifty closed above the key 26,000 mark, while the Sensex advanced nearly 400 points as market sentiment strengthened on hopes of a potential US-India trade agreement. Optimism grew after US President Donald Trump stated that discussions were underway for a possible trade deal with India. * Further supporting the rally were record-high global markets, strong domestic Q2 earn...
MOSt Market Roundup : Nifty future closed positive with gains of 0.66% at 26261 levels by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty future closed positive with gains of 0.66% at 26261 levels by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-29 05:31:10 pm
Nifty, Bank Nifty, Fin Nifty & NIFTY Midcap Expiry Report 28th October 2025 by Motilal Oswal Financial Services Ltd NIFTY : 25966 Nifty opened positive and buying emerged to stretch the index to 26000 marks in the first half of the session. It witnessed minor profit booking but again picked up momentum from 25900 zones in the last hour and closed with gains of around 170 points. Bulls reattempted at support levels and the index floated above the support levels. It formed a bullish candle on the daily frame and recouped all the losses of the previous session. Now it has to hold above 25900 zones for an u...
Nifty, Bank Nifty, Fin Nifty & NIFTY Midcap Expiry Report 28th October 2025 by Motilal Oswal Financial Services Ltd
Nifty, Bank Nifty, Fin Nifty & NIFTY Midcap Expiry Report 28th October 2025 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2025-10-28 10:16:41 am
Nifty immediate support is at 25800 then 25700 zones while resistance at 26100 then 26277 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25966) Nifty immediate support is at 25800 then 25700 zones while resistance at 26100 then 26277 zones. Now it has to hold above 25900 zones for an up move towards 26100 then 26277 zones while supports can be seen at 25800 then 25700 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 57699) Bank Nifty support is at 57750 then 57500 zones while resistance at 58250 then 58577 zones. Now it has to hold above 58000 zones for an...
Nifty immediate support is at 25800 then 25700 zones while resistance at 26100 then 26277 zones - Motilal Oswal Wealth Management
Nifty immediate support is at 25800 then 25700 zones while resistance at 26100 then 26277 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Financial Services Ltd
2025-10-28 10:03:27 am
Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58250 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25795) Nifty immediate support is at 25700 then 25600 zones while resistance at 26000 then 26250 zones. Now it has to hold above 25700 zones for an up move towards 26000 then 26250 zones while supports can be seen at 25700 then 25600 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 57699) Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58250 zones. Now it has to hold above 57500 zones for an...
Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58250 zones - Motilal Oswal Wealth Management
Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58250 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Financial Services Ltd0
2025-10-27 11:15:39 am
Automobiles Sector Update : Asia roadshow takeaways - Cautious optimism by Motilal Oswal Financial Services Ltd Asia roadshow takeaways: Cautious optimism * We met with around 15 FIIs in our Singapore roadshow for three days last week. Most FIIs have now turned positive on the Indian automobile sector after the GST rate cuts. * One key question lingering on the mind of most of the investors is whether the demand will sustain beyond the festive season or not, especially once discounts are curtailed. * Investors were also keen to understand whether or not entry demand would pick up (in 2Ws/PVs) ...
Automobiles Sector Update : Asia roadshow takeaways - Cautious optimism by Motilal Oswal Financial Services Ltd
Automobiles Sector Update : Asia roadshow takeaways - Cautious optimism by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-25 10:28:33 am
Metals Monthly : Sep`25 - Ferrous prices dip MoM over monsoon weakness and inventory buildup by Motilal Oswal Financial Services Ltd Sep’25 – Ferrous prices dip MoM over monsoon weakness and inventory buildup * Monthly average rebar (BF-route) prices declined INR1,000/t MoM to INR47,100/t in Sep’25. The dip was due to subdued infrastructure and construction activities, coupled with elevated inventories and the lull period during the festive season. Similarly, the monthly average HRC prices dipped INR550/t MoM to INR49,200/t amid sluggish demand and oversupply. * According to the Joint Plant Committe...
Metals Monthly : Sep`25 - Ferrous prices dip MoM over monsoon weakness and inventory buildup by Motilal Oswal Financial Services Ltd
Metals Monthly : Sep`25 - Ferrous prices dip MoM over monsoon weakness and inventory buildup by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-25 10:27:16 am
Company Update : Can Fin Homes by Motilal Oswal Financial Services Ltd Earnings beat driven by healthy NII and benign credit costs Reported NIM improves ~20bp QoQ; Advances growth muted at ~8% YoY * Can Fin Homes (CANF)’s PAT for 2QFY26 grew ~19% YoY to ~INR2.5b (~5% beat). NII grew 19% YoY to ~INR4b (~8% beat). Fees and other income stood at ~INR63m (PY: INR72m). * Opex rose ~28% YoY to INR762m (~13% higher than MOFSLe). The cost-toincome ratio stood at ~19%. (PQ: ~18%, PY: ~17%). * PPoP grew ~16% YoY to INR3.3b (~5% beat). The effective tax r...
Company Update : Can Fin Homes by Motilal Oswal Financial Services Ltd
Company Update : Can Fin Homes by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-25 09:24:59 am
Company Update : Rural Electrification Corp by Motilal Oswal Financial Services Ltd Earnings in line; loan book flat QoQ Asset quality stable; NIM (calc.) moderates ~15bp sequentially * REC’s 2QFY26 PAT grew ~10% YoY to INR44.3b (in line). NII in 2QFY26 grew ~10% YoY to ~INR54.5b (in line). Other income stood at INR4.6b (PY: INR1.2b). This was primarily due to higher fee and commission income of INR4.7b (PQ: INR1.4b and PY: INR483m). * Opex rose ~12% YoY to ~INR2.2b, and the cost-income ratio was stable at ~2.5% (PQ: 2.5% and PY: ~3.1%). PPoP grew ~16% YoY to ...
Company Update : Rural Electrification Corp by Motilal Oswal Financial Services Ltd
Company Update : Rural Electrification Corp by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-25 09:20:06 am
Cement Sector Update : Demand remains tepid; complete GST benefit pass-through by Motilal Oswal Financial Services Ltd Demand remains tepid; complete GST benefit pass-through All-India average cement price inched lower by 1% MTD in Oct’25 Cement prices (WSP) declined by INR26-29/bag as of Sep’25 end following the pass-through of the GST rate cuts. Cement demand (so far) has been subdued due to slow construction activity amid the festive season and due to the labor shortage. Our recent channel checks suggest that in Oct’25 so far, the all-India average cement price (WSP) has corrected m...
Cement Sector Update : Demand remains tepid; complete GST benefit pass-through by Motilal Oswal Financial Services Ltd
Cement Sector Update : Demand remains tepid; complete GST benefit pass-through by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-25 09:11:33 am
MOSt Market Roundup : Nifty opened on a positive note but failed to hold its opening levels and drifted lower throughout the day by Motilal Oswal Wealth Management • Equity benchmark Nifty slipped 0.5%, closing below the 25,800 mark, as investors booked profits after a strong six-session rally. Market sentiment turned cautious amid concerns over the U.S.-India trade deal, a rise in crude oil prices to a nearly six-month high of $66 per barrel, and foreign institutional investors (FIIs) turning net sellers by over Rs 1,100 crore in the previous session. • Additionally, traders adopted a wait-and-watch approach following the release of the do...
MOSt Market Roundup : Nifty opened on a positive note but failed to hold its opening levels and drifted lower throughout the day by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty opened on a positive note but failed to hold its opening levels and drifted lower throughout the day by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-24 05:21:15 pm
Nifty immediate support is at 25800 then 25700 zones while resistance at 26000 then 26277 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25891) Nifty immediate support is at 25800 then 25700 zones while resistance at 26000 then 26277 zones. Now it has to hold above 25800 zones for an up move towards 26000 then 26277 zones while supports have shifted higher to 25800 then 25700 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 58078) Bank Nifty support is at 58000 then 57750 zones while resistance at 58577 then 58750 zones. Now it has to hold above 58000 zones f...
Nifty immediate support is at 25800 then 25700 zones while resistance at 26000 then 26277 zones - Motilal Oswal Wealth Management
Nifty immediate support is at 25800 then 25700 zones while resistance at 26000 then 26277 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Financial Services Ltd0
2025-10-24 11:42:36 am
Nifty immediate support is at 25650 then 25500 zones while resistance at 26000 then 26250 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25868) Nifty immediate support is at 25650 then 25500 zones while resistance at 26000 then 26250 zones. Now it has to hold above 25750 zones for an up move towards 26000 then 26250 zones while supports have shifted higher to 25650 then 25500 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 58007) Bank Nifty support is at 57750 then 57500 zones while resistance at 58261 then 58500 zones. Now it has to hold above 57750 zones...
Nifty immediate support is at 25650 then 25500 zones while resistance at 26000 then 26250 zones - Motilal Oswal Wealth Management
Nifty immediate support is at 25650 then 25500 zones while resistance at 26000 then 26250 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-23 11:18:49 am
MOSt Market Roundup : Nifty future closed positive with gains of 0.67% at 25930 levels by Motilal Oswal Wealth Management Market Update Nifty : 25,843.15 +133.30 (+0.52%) Sensex : 84,363.37 +411.18 (+0.49%) * Dalal Street witnessed a firecracker rally as Bank Nifty hit an all-time high and Nifty approached the 26,000 mark, driven by strong quarterly earnings, a global market uptrend, and sustained FII buying. Over the last three sessions, Nifty gained 340 points (2.3%) and Sensex surged nearly 2,000 points (2.3%), supported by broad-based buying across financials, large-cap blue chips, auto, metal,...
MOSt Market Roundup : Nifty future closed positive with gains of 0.67% at 25930 levels by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty future closed positive with gains of 0.67% at 25930 levels by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-20 04:53:53 pm
Company Update : Sunteck Realty by Motilal Oswal Financial Services Ltd Miss on collections offset by strong financials Collection efficiency at 47% Operational performance – 2QFY26 * SRIN reported pre-sales of INR7b in 2QFY26, up 34%/7% YoY/QoQ (19% above estimates). In 1HFY26, presales were at INR13.6b, up 32% YoY. * Collections were up 24% YoY to INR3.3b for 2QFY26 (28% below estimates). In 1HFY26, collections were at INR6.8b, up 12% YoY. * The net debt-to-equity ratio rose to 0.04x in the quarter from 0.02x QoQ. * In 2QFY26, the compan...
Company Update : Sunteck Realty by Motilal Oswal Financial Services Ltd
Company Update : Sunteck Realty by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-20 12:32:04 pm
Company Update : CIE India Automotive by Motilal Oswal Financial Services Ltd Margin beat both in India and Europe * CIE consol PAT at INR2.1b came in ahead of our estimate of INR2b, primarily led by better-than-expected performance in both India and Europe. * 3QCY25 consol. revenue grew ~11% YoY to INR23.7b (est. INR23.2b). The Europe business posted 18% YoY growth, driven by 7% revenue growth in Euro terms over a low base and 11% benefit from currency depreciation. The India business grew 8% YoY, led by a gradual pick-up in auto demand. 9MCY25 revenue/EBITDA/Ad...
Company Update : CIE India Automotive by Motilal Oswal Financial Services Ltd
Company Update : CIE India Automotive by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-20 12:23:31 pm
Company Update : Metro Brands by Motilal Oswal Financial Services Ltd Revenue growth in line; higher expenses on account of store acceleration hurts profitability * Consolidated revenue grew ~11% YoY to INR6.5b (in-line), driven largely by ~10% YoY area additions as revenue/sqft was stable YoY at INR4,300. * In-store sales at ~10% YoY saw a pick up (vs. ~4% YoY in 1Q), driven largely by 11% YoY store additions. * The company added 42 new stores and closed four stores, bringing the total count to 966 stores. Format-wise, MBL added 10 stores each in Moch...
Company Update : Metro Brands by Motilal Oswal Financial Services Ltd
Company Update : Metro Brands by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-20 12:16:52 pm
Company Update : Jio Financial Services by Motilal Oswal Financial Services Ltd Lending business scaling well; broad business momentum intact * NBFC AUM rose ~26% QoQ; consol. PAT was flat YoY * Jio Financial Services’ (JFSL) 2QFY26 consolidated NII grew ~25% YoY to INR2.6b (PY: ~INR2.1b). Other income grew 25% YoY to INR6.1b, which included investment income of ~INR1.8b (PY: INR2.1b) and dividend income of INR2.7b (PY: INR2.4b). * Opex rose ~102% YoY to INR2.9b (PY: ~INR1.4b). Employee expenses increased ~40% YoY to INR950m. PPoP grew ~5% YoY to INR5.8b (...
Company Update : Jio Financial Services by Motilal Oswal Financial Services Ltd
Company Update : Jio Financial Services by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-20 12:03:09 pm
Nifty immediate support is at 25600 then 25500 zones while resistance at 25850 then 26000 zones - Motilal Oswal Wealth Management Nifty Technical Outlook NIFTY (CMP : 25709) Nifty immediate support is at 25600 then 25500 zones while resistance at 25850 then 26000 zones. Now it has to hold above 25600 zones for an up move towards 25850 then 26000 zones while supports have shifted higher to 25600 then 25500 zones.   Bank Nifty Technical Outlook BANK NIFTY (CMP : 57713) Bank Nifty support is at 57500 then 57250 zones while resistance at 58000 then 58500 zones. Now it has to hold above 57500 zone...
Nifty immediate support is at 25600 then 25500 zones while resistance at 25850 then 26000 zones - Motilal Oswal Wealth Management
Nifty immediate support is at 25600 then 25500 zones while resistance at 25850 then 26000 zones - Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-20 10:28:26 am
Company Update : Angel One by Motilal Oswal Financial Services Ltd In-line performance; broking recovers sequentially * Gross broking revenue at ~INR7.2b declined 23% YoY but grew 4% QoQ (inline). The sequential growth in brokerage revenue was led by F&O activity (F&O brokerage rose 8% QoQ and was in line), while cash brokerage declined 21% YoY/16% QoQ. The commodity brokerage rose 28% YoY/5% QoQ; 8% miss. * Net brokerage income at INR5.5b dipped 21% YoY/grew 5% QoQ (in line). * Net interest income at INR2.9b was flat YoY but grew 5% QoQ (in...
Company Update : Angel One by Motilal Oswal Financial Services Ltd
Company Update : Angel One by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-19 10:14:07 am
Company Update : KEI Industries by Motilal Oswal Financial Services Ltd In-line performance; OPM below our estimate * KEII’s 2QFY26 revenue grew ~19% YoY to INR27.3b (in line). EBITDA rose ~20% YoY to INR2.7b (in line). OPM was flat YoY at ~10% (-50bp below our est.). PAT grew ~31% YoY to INR2.0b (in line). There has been a delay in the commissioning of the Sanand Project, with Phase-I expected in Nov’25 (earlier in Sep’25) and EHC to be commissioned by 4QFY27 (earlier in 1HFY27). * Revenue mix of different cables in overall cables revenue...
Company Update : KEI Industries by Motilal Oswal Financial Services Ltd
Company Update : KEI Industries by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-19 10:10:44 am
Company Update : Oberoi Realty by Motilal Oswal Financial Services Ltd Subdued operations amid strong profitability Operational performance – 2QFY26 * In 2QFY26, OBER achieved pre-sales of INR13b, down 10% YoY and 21% QoQ (7% below our estimate), wherein ~62% was contributed by Elysian and 360 West. In 1HFY26, bookings stood at INR29.4b, up 18% YoY. * Volumes were down 9% YoY / 29% QoQ to 0.25msf (16% below estimates). In 1HFY26, volumes stood at 0.6msf, up 24% YoY. * Total units booked in the quarter stood at 158, which was flat YoY and down 1...
Company Update : Oberoi Realty by Motilal Oswal Financial Services Ltd
Company Update : Oberoi Realty by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-19 10:08:16 am
Company Update : L&T Finance by Motilal Oswal Financial Services Ltd Earnings in line; credit costs (before utilization) down QoQ NIMs + fees stable QoQ; healthy asset quality * L&T Finance’s (LTF) 2QFY26 PAT grew 5% YoY to INR7.3b (in line). NII grew ~10% YoY to INR24b (in line). Opex rose ~12% YoY to ~INR10.7b (in line). Cost-income ratio declined ~40bp QoQ to ~39.5% (PQ: ~40%). * PPoP grew ~3% YoY to ~INR16.8b (in line). * Credit costs stood at INR6.4b (~9% lower than MOFSLe), translating into annualized credit costs of ~2.47% (PQ: 2.5...
Company Update : L&T Finance by Motilal Oswal Financial Services Ltd
Company Update : L&T Finance by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-19 10:04:08 am
MOSt Market Roundup : Nifty future closed positive with gains of 0.37% at 25751 levels by Motilal Oswal Wealth Management Market Update Nifty : 25,709.85 +124.55 (+0.49%) Sensex : 83,952.19 +484.53 (+0.58%) * Equity benchmark Nifty closed at a fresh 52-week high above the 25,700 mark, while Bank Nifty touched a record intra-day high of 67,750, supported by strong Q2 earnings, renewed FII buying, and attractive valuations relative to global peers. Market sentiment was further lifted by falling crude oil prices to a near one-year low below $61/bbl, continued progress on GST reforms, and October infl...
MOSt Market Roundup : Nifty future closed positive with gains of 0.37% at 25751 levels by Motilal Oswal Wealth Management
MOSt Market Roundup : Nifty future closed positive with gains of 0.37% at 25751 levels by Motilal Oswal Wealth Management
Source: Motilal Oswal Wealth Management
2025-10-19 09:14:59 am
Retail Sector Update : Festive demand & GST impact - Muted start to the festive season by Motilal Oswal Financial Services Ltd Festive demand & GST impact: Muted start to the festive season GST benefits largely passed on Subdued consumer sentiment continues for apparel and footwear retailers The onset of the festive season following Shraddh – namely Navratri, Dussehra, Karwa Chauth, and the pre-Diwali period – has so far seen muted consumer sentiment across apparel and footwear retailers. Overall demand during the Navratri period, which included GST adjustments and the festival itself, was tr...
Retail Sector Update : Festive demand & GST impact - Muted start to the festive season by Motilal Oswal Financial Services Ltd
Retail Sector Update : Festive demand & GST impact - Muted start to the festive season by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2025-10-18 02:12:34 pm