US Durable Goods Orders (M/M) Sep P: 1.8% (est 1.9%; prev -0.1%; prev R 0.1%)

- Durables Ex-Transportation (M/M): 0.5% (est 0.6%; prev 0.2%)

- Cap Goods Orders Nondef Ex Air (M/M): 0.5% (est 0.7%; prev 1.6%)

- Cap Goods Ship Nondef Ex Air (M/M): 1.2% (est 0.8%; prev 0.5%)

US ADP WEEKLY EMPLOYMENT CHANGE OCT 10: 16.75K (PREV 18.5K)

Havells India Ltd – CHANGE IN MANAGEMENT

Resignation of President & SBU Head:

- Sameer Anjaria has tendered resignation from the position of President & SBU Head

- Resignation is driven by personal reasons

- Requested relief from duties at close of business hours on October 27, 2026

MEDPLUS HEALTH Q2 FY27

• Net Profit: ₹56 Cr ↑1% YoY | ↑69% QoQ

• Revenue: ₹2,037 Cr ↑21% YoY | ↑8% QoQ

• EBITDA: ₹170 Cr ↑14% YoY | ↑28% QoQ

• EBITDA Margin: 8.3% vs 8.9% YoY | 7.1% QoQ

FDC Q2 FY27

• Net Profit: ₹49.06 Cr ↑72.93% YoY | ↓62.97% QoQ

• Revenue: ₹572.14 Cr ↑20.95% YoY | ↓14.31% QoQ

• EBITDA: ₹64.29 Cr ↑90.15% YoY | ↓55.04% QoQ

• EBITDA Margin: 11.24% vs 7.15% YoY | 21.42% QoQ

Balkrishna Industries Ltd-$ – STRATEGIC OFFTAKE AGREEMENT WITH PIRELLI

Business update call regarding strategic partnership for premium car tires:

- Signed strategic offtake agreement with Pirelli for production of Pirelli-branded premium car tires in India

- Production to commence in Calendar Year 2027 from the new PCR plant at Bhuj

- Target to scale up supply to 8,00,000 Pirelli-branded tires per year by Calendar Year 2030

- Agreement includes a second phase envisaging a 50-50 joint venture for high-value passenger car tires

- Tires to be manufactured in the 17-inch and above size range

- Existing Bhuj plant capacity is 6,700 tires per day for Phase 1

GANDHAR OIL REFINERY Q2 FY27

• Net Profit: ₹186 Cr ↑368% YoY | ↓10% QoQ

• Revenue: ₹1,847 Cr ↑73% YoY | ↑7% QoQ

• EBITDA: ₹266 Cr ↑305% YoY | ↓5% QoQ

• EBITDA Margin: 14.4% vs 6.2% YoY | 16.2% QoQ

MFSL: Q2 CONS NET PROFIT 799M RUPEES VS 41M (YOY)

MFSL: Q2 REVENUE 116B RUPEES VS 97.9B (YOY)

SBI LIFE INSURANCE Q2 FY27 (STANDALONE)

NET PROFIT UP 10.91% AT ₹549 CR (YOY), DOWN 24.28% (QOQ)

REVENUE UP 6.45% AT ₹24,264 CR (YOY), DOWN 47.31% (QOQ)

OTHER INCOME AT ₹28 CR VS ₹16 CR (YOY), ₹36 CR (QOQ)

MAX FINANCIAL SERVICES Q2 FY27

NET PROFIT UP 1,609% AT ₹100 CR (YOY) ↑, DOWN 15% (QOQ) ↓

REVENUE UP 18% AT ₹11,601 CR (YOY) ↑, DOWN 23% (QOQ) ↓

EBITDA UP 545% AT ₹135 CR (YOY) ↑, DOWN 19% (QOQ) ↓

MARGINS AT 1.2% VS 0.2% (YOY) ↑, 1.1% (QOQ) ↑

OTHER INCOME AT ₹4 CR VS ₹7 CR (YOY) ↓, ₹7 CR (QOQ) ↓

WAAREE ENERGIES Q2 FY27

• Net Profit: ₹754 Cr ↓14% YoY | ↓15% QoQ

• Revenue: ₹7,518 Cr ↑24% YoY | ↓5% QoQ

• EBITDA: ₹1,335 Cr ↓5% YoY | ↓7% QoQ

• EBITDA Margin: 17.8% vs 23.2% YoY | 18.2% QoQ

KNACK PACKAGING Q2 FY27 (CONS.)

• Net Profit: ₹2.50 Cr ↑21.24% YoY | ↓18.04% QoQ

• Revenue: ₹29.48 Cr ↑52.52% YoY | ↑12.31% QoQ

• EBITDA: ₹4.01 Cr ↑25.14% YoY | ↓29.55% QoQ

• EBITDA Margin: 13.59% vs 16.56% YoY | 21.66% QoQ

ALLIED BLENDERS Q2 FY27 (CONS.)

• Net Profit: ₹71.5 Cr ↑11% YoY | ↑45% QoQ

• Revenue: ₹1,148 Cr ↑16% YoY | ↑17% QoQ

• EBITDA: ₹139 Cr ↑11% YoY | ↑20% QoQ

• EBITDA Margin: 12.1% vs 12.65% YoY | 11.87% QoQ

SYNGENE INTERNATIONAL Q2 FY27 (CONS.)

• Net Profit: ₹32.20 Cr ↓52.01% YoY | vs loss of ₹9 Cr QoQ

• Revenue: ₹832.70 Cr ↓8.55% YoY | ↑13.14% QoQ

• EBITDA: ₹147.40 Cr ↓26.12% YoY | ↑62.33% QoQ

• EBITDA Margin: 17.70% vs 21.91% YoY | 12.34% QoQ

PG ELECTROPLAST Q2 FY27 (CONS.)

• Net Profit: ₹13.67 Cr ↑395.15% YoY | ↓82.07% QoQ

• Revenue: ₹933.88 Cr ↑42.50% YoY | ↓54.09% QoQ

• EBITDA: ₹59.78 Cr ↑98.62% YoY | ↓59.67% QoQ

• EBITDA Margin: 6.40% vs 4.59% YoY | 7.29% QoQ

Max Financial Services Ltd – H1 FY’27 FINANCIAL HIGHLIGHTS

Axis Max Life Insurance performance for the first half of FY’27:

- VNB grew 21.1% YoY to INR 1180 Cr

- Individual Adjusted First Year Premium grew 12% YoY to INR 4368 Cr

- Gross Written Premium increased 17% YoY to INR 18066 Cr

- Assets Under Management (AUM) stood at INR 2.06 Lakh Cr as of Sep 30, 2026

- Embedded Value grew 17% YoY to INR 31437 Cr

- Consolidated PAT for H1 FY'27 stood at INR 219 Cr, up 137% YoY

SBI Life Insurance Company Ltd – H1 FY27 FINANCIAL PERFORMANCE

Performance for the quarter and half year ended September 30, 2026:

- Profit After Tax (PAT) stands at INR12.7 billion with 17% growth

- Annualized Premium Equivalent (APE) stands at INR117.5 billion with 18% growth

- Value of New Business (VoNB) stands at INR32.7 billion with 19% growth

- Indian Embedded Value (IEV) stands at INR873.5 billion with 15% growth

- Assets under Management (AuM) stands at INR5.3 trillion with 9% growth

- Gross Written Premium (GWP) grew by 13% to INR484.0 billion

CLSA ON INDUS TOWERS

• Rating: High Conviction Outperform

• Target Price: ₹565/share

• Net tenancy additions rose to 7,903 in Q2 from 4,236 in Q1, despite continued delays in Vodafone Idea's fundraising.

• Balance sheet remained net cash positive at ₹3,400 Cr.

• CLSA expects 9% core EBITDA CAGR through FY29.

HSBC ON MAX FINANCIAL

• Rating: Maintain Buy

• Target Price: ₹1,900/share

GOLDMAN SACHS ON BAJAJ AUTO

• Rating: Maintain Buy

• Target Price: ₹12,900/share

KOTAK SECURITIES ON MARUTI SUZUKI

• Rating: Maintain Add

• Target Price: ₹13,000/share