📊 BROKERAGE RATINGS

🛢️ RELIANCE INDUSTRIES

• JPMorgan – Overweight | TP ₹1,675

• Jefferies – Buy | TP ₹1,710

🧪 NAVIN FLUORINE

• Jefferies – Buy | TP ₹10,540

• Kotak – Sell | FV ₹5,990

⛽ GAIL

• Citi – Buy | TP ₹200

• Jefferies – Hold | TP ₹185

📱 DIXON TECHNOLOGIES

• Kotak – Upgrade to Buy | FV ₹14,900

• Jefferies – Hold | TP ₹12,765

📊 NSE

• JPMorgan – Initiate Overweight | TP ₹2,130

💰 MUTHOOT FINANCE

• Jefferies – Hold | TP ₹2,700

📈 CDSL

• Jefferies – Hold | TP ₹1,315

🏢 PHOENIX MILLS

• Jefferies – Buy | TP ₹2,250

⚗️ AETHER INDUSTRIES

• Kotak – Sell | FV ₹1,120

🧪 DEEPAK NITRITE

• Kotak – Add | FV ₹1,690

📊 BROKERAGE RATINGS

🏦 BANK OF BARODA

• JPMorgan – Overweight | TP ₹310

• HSBC – Buy (Upgrade) | TP ₹284

• UBS – Buy | TP ₹300

• Jefferies – Hold | TP ₹275

• Citi – Buy | TP ₹310

BROKERAGE RATINGS

🚚 DELHIVERY

• JPMorgan – Overweight | TP ₹590

• Jefferies – Buy | TP ₹470

• Kotak – Buy | FV ₹550

• Citi – Buy | TP ₹545

💊 SUN PHARMA

• HSBC – Buy | TP ₹2,050

• BofA – Underperform | TP ₹1,850

• Kotak Neo – Add | TP ₹2,060

💻 PB FINTECH

• Jefferies – Buy | TP ₹1,540

• HSBC – Hold | TP ₹1,100

• Bernstein – Outperform | TP ₹1,085

🥤 VARUN BEVERAGES

• HSBC – Buy | TP ₹540

• Goldman Sachs – Buy | TP ₹520

• Jefferies – Buy | TP ₹530

MUTHOOT FINANCE: CO RAISES AUM GUIDANCE TO 25% FROM CURRENT 15%

INVESCO MUTUAL FUND, TAHER BADSHAH SAYS

Earnings Momentum Is Seeing Recovery

Precious Metals Space Has Seen A Period Of Underperformance

Earnings Upgrade Cycle Remains Marginal And Modest

Healthcare Stocks Have Corrected Significantly, Creating An Incremental Buying Opportunity

Building Up Our Tech Exposure In Value Strategies

MUMBAI REALTY STOCKS (+VE)

Mumbai property market records second-best October ever, registrations up 9%

DIXON TECH:

CO EXEC SAYS CONFIDENT OF ACHIEVING MOBILE VOLUMES OF 60 M UNITS IN FY28 & 70 M UNITS IN FY29 - TV

DIXON TECH says

Managed To Maintain Market Share Despite Decline In Industry Volumes

Export Volumes Should Pick-up Significantly In FY28

Expect To End The Year With Smartphone Volumes Of 34 m Units

Confident Of Achieving Mobile Volumes Of 60 m Units In FY28 & 70 m Units In FY29

Huge Boom In The Optical Transceiver Segment Due To Al Capex Globally

Kirloskar Pneumatic Company Ltd – CHANGE IN SENIOR MANAGEMENT

Change in Senior Management Personnel effective November 1, 2026:

- Mr. Vijay Kumar Nudurumati ceased to be GM Projects & Defense

- Reason for change: Superannuation

- Effective date of cessation: November 1, 2026

L&T CO WINS SIGNIFICANT CONTRACT;

SIGNIFICANT CONTRACT VALUES BETWEEN 10B TO 25B RUPEES

SYRMA SGS EXPECT TO EXCEED FY27 GUIDANCE

INDIGO IN FOCUS

October 2026 air traffic jumps on a MoM basis, but is still down on a YoY basis

Domestic air traffic up 14.5% MoM to 135.4 lakh vs 118.2 lakh

Domestic air traffic down 5% YoY to 135.4 lakh vs 142.5 lakh

LODHA:

CO SAYS CONFIDENT TO SURPASS PROFIT GROWTH GUIDANCE IN COMING QTRS: INTERVIEW

Alexander George Muthoot, Managing Director, Muthoot Finance On CNBC-TV18

MUTHOOT FINANCE: RBI RULE CHANGES

98% of our customers pay their loans regularly"

New RBI rules shift gold loans to monthly interest payments instead of bullet payments

Stage 2 LTV: 72% | Stage 3 LTV: 53%

Rise in Stage 2 & 3 loans in no way shows unwillingness to pay, simply a transitionary phase

Auction is the last resort

FY27 AUM growth guidance: 25%

No stress seen from overleveraging

INDIA (OCT) HSBC INDIA PMI MFG ACTUAL: 54.7 VS 54.9 PREVIOUS