GOLDMAN SACHS ON INFO EDGE

• Rating: BUY | Target Price: ₹1,430 (Earlier ₹1,410)

• Q2 EBITDA ↑29% YoY despite a challenging recruitment environment.

• AI products contribute a high-single-digit share of recruitment revenue.

• Hitesh Oberoi to step down as MD & CEO in December.

• Sanjeev Bikhchandani to take charge following the leadership transition.

CITI ON CHOLA FINANCE

• Rating: BUY | Target Price: ₹2,100

• Q2 Disbursements ↑45% YoY, indicating strong lending momentum.

• AUM ↑25% YoY, supported by strong loan demand.

• Credit costs moderated to 1.4%, indicating improving asset quality.

• NIM declined 30 bps QoQ.

• FY27 AUM growth guidance retained at 22–24%.

• Asset quality remains resilient despite margin pressure.

CITI ON PIDILITE

• Rating: SELL | Target Price: ₹1,300 (Earlier ₹1,550)

• Q2 Revenue ↑21% YoY, EBITDA ↑3% YoY and PAT ↑6% YoY.

• Gross margin contracted 648 bps YoY due to raw material inflation.

• FY27–29 EPS estimates cut by 2–5%.

• Elevated valuations remain a concern amid earnings pressure.

MARKET CUES

GIFT Nifty Lower, Indicates A Gap-down Start For The Indian Market

GIFT Nifty Trading At A Disc Of >100 pts From Nifty Futs Wednesday's Close

Nasdaq Futs Fall >300 Pts After Key Results, Fed Policy Treated As Non-Event By Wall Street

'Not Necessarily' A Mistake If The Fed Hikes Rates Again', Says US Treasury Secy

S&P 500, Dow Rise For 3rd Consecutive Day After Fed Keeps Rates Steady

Alphabet Sinks 10% As It Holds 2026 Capex Unchanged, Expects Significant Increase In 2027

Iran Foreign Min Says: Maintain Close Coordination With Intermediaries To Fast-track Implementation Of 7-day Plan

GE VERNOVA :

Parent upgraded Guidance

2026 revenue guidance upgraded by $1 billion

2026 free cash flow guidance upgraded by $4.5 billion

2026 EBITDA margins guidance upgraded to 13.5%-14.5% from 12%-14%

📊 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗥𝗲𝘀𝘂𝗹𝘁𝘀 𝗧𝗼𝗱𝗮𝘆! 📈
📅 𝗗𝗮𝘁𝗲: 29 Oct, 2026

📋 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀:
- Blue Star Ltd
- DCW Ltd
- Trent Ltd
- HeidelbergCement India Ltd
- AMJ Land Holdings Ltd
- Ambuja Cements Ltd
- Sanofi India Ltd
- NOCIL Ltd
- Asian Paints Ltd
- Shaily Engineering Plastics Ltd
- Greaves Cotton Ltd
- Grindwell Norton Ltd
- Bliss GVS Pharma Ltd
- Deepak Nitrite Ltd
- Fiberweb India Ltd
- AYM Syntex Ltd
- Garware Technical Fibres Ltd
- Monarch Networth Capital Ltd
- Glittek Granites Ltd
- Ashima Ltd
- Symphony Ltd
- Shyam Telecom Ltd
- Omax Autos Ltd
- Timken India Ltd
- Praj Industries Ltd
- Ram Ratna Wires Ltd
- Nilkamal Ltd
- Kunststoffe Industries Ltd
- Menon Bearings Ltd
- Krebs Biochemicals & Industries Ltd
- Greenply Industries Ltd
- Banaras Beads Ltd
- Twentyfirst Century Management Services Ltd
- Anupam Finserv Ltd
- Privi Speciality Chemicals Ltd
- Moongipa Capital Finance Ltd
- Alchemist Corporation Ltd
- Lincoln Pharmaceuticals Ltd
- Suraj Ltd
- Gallops Enterprise Ltd
- Welspun Corp Ltd
- Indraprastha Medical Corporation Ltd
- Apar Industries Ltd
- Ind-Swift Laboratories Ltd
- Godre

RR KABEL: CO SAYS CUTS VOLUME GROWTH GUIDANCE TO 14% FROM 18%: INTERVIEW

HEXAWARE CUTS CY2026 GUIDANCE TO 13-13.5 % V 13-14 % EARLIER

INDIA MOTOR PARTS Q2 FY27 RESULTS (STANDALONE)

• Net Profit: ₹28 Cr ↑9% (YoY) | ↑28% (QoQ)

• Revenue: ₹222 Cr ↑12% (YoY) | ↓5% (QoQ)

• EPS: ₹22.18 ↑9% (YoY) | ↑28% (QoQ)

HERO MOTOCORP Q2 EARNINGS CONCALL

Seeing Growth In Urban And Rural Areas

Will Expand Vida Capacity To 45,000 Units A Month By Q4

Dealer Inventory Is Currently Low

Expect Recovery In Wholesale Export Dispatches In Q3

Will Launch 3-4 Premium 2-wheelers In October-March

Vida Ops Reported Positive Gross Margin In Q2

On Track To Incur Capex Of ₹15 Bn In FY27

70% Of Vida Ops Got PLI Incentive In Q2

HERO MOTOCORP:

MARGIN RECOVERY DELAYED; MAY TAKE FEW MORE QUARTERS TO REACH 14–16% MEDIUM-TERM TARGET — CONCALL

Cholamandalam Investment and Fin says

-Maintain guidance of 20-23% AUM growth

-No worries as yet on collections efficiency

-Will look at a full Rs.5000 cr raise which will be broken into equity & convertible debentures

HERO MOTO CO: CO HAVE SOLD 15,000 UNITS FLEX FEUL MOTORCYCLES SINCE LAUNCH

JSW HOLDINGS Q2 FY27 RESULTS

• Net Profit: ₹131 Cr ↑95% (YoY) | ↑433% (QoQ)

• Revenue: ₹167 Cr ↑99% (YoY) | ↑382% (QoQ)

• EPS: ₹117.93 ↑95% (YoY) | ↑433% (QoQ)

LINCOLN PHARMA Q2 FY27 RESULTS

• Net Profit: ₹20 Cr ↑2% (YoY) | ↓44% (QoQ)

• Revenue: ₹191 Cr ↑17% (YoY) | ↑8% (QoQ)

• Operating Profit: ₹24 Cr ↓7% (YoY) | ↓14% (QoQ)

• Margins: 12.4% vs 15.5% (QoQ) | 15.6% (YoY)

• EPS: ₹10.20 ↑2% (YoY) | ↓44% (QoQ)

GK ENERGY Q2 FY27 RESULTS

• Net Profit: ₹49 Cr ↑5% (YoY) | ↓17% (QoQ)

• Revenue: ₹409 Cr ↑1% (YoY) | ↓19% (QoQ)

• EBITDA: ₹72 Cr ↓1% (YoY) | ↓12% (QoQ)

• Margins: 17.7% vs 16.4% (QoQ) | 18.0% (YoY)

MENONBE: Q2 CONS NET PROFIT 147M RUPEES VS 67M (YOY)

MENONBE: Q2 REVENUE 983M RUPEES VS 625M (YOY)

NBCC (INDIA) LTD: CO. TO RECEIVE 1% MARKETING FEE. FOR SUCCESSFULLY CONCLUDES E-AUCTION OF RESIDENTIAL APARTMENTS AT AVENUE TOWERS FOR APPROX. ₹5191 CRORES; TOTAL AREA SOLD IS 8.80 LAC SQ. FT;