BRITANNIA INDUSTRIES – JEFFERIES

• Jefferies downgrades to HOLD, cuts target price to ₹5,350 (CMP: ₹4,781).

• Q2 volume growth stood at 13%, while two-year growth was around 5%.

• Persistent input cost inflation remains a key concern for margins.

• Price hikes and grammage reductions could negatively impact sales volumes.

• Jefferies cuts FY27–29 EPS estimates by 3%.

HONASA CONSUMER – JEFFERIES

• Jefferies maintains BUY, raises target price to ₹700 (CMP: ₹470.05).

• Delivered its strongest growth since listing, with revenue and EBITDA doubling YoY.

• Mamaearth grew in high teens, while The Derma Co and newer brands scaled rapidly.

• Distribution expansion and product innovation support future growth visibility.

• Jefferies raises earnings estimates by 10–16%.

SEAMEC:

SECURES USD 26.14 MILLION (APPROX. ₹233 CRORE) SUBSEA INSTALLATION CONTRACT FROM L&T FOR ONGC'S PRP-X PROJECT

BLUESTONE JEWELLERY:

CO. HAS REPORTED 45% YOY BUSINESS GROWTH FOR THE PERIOD OCTOBER 1 TO NOVEMBER 8, 2026, DURING Q3 FY27

GOKALDAS EXPORTS – MANAGEMENT COMMENTARY

• Tariff differential between Asia and Africa has increased, making Africa more attractive for the company.

• Expects approximately 30% growth from Africa.

• Targets 10% EBITDA margin from Africa business by FY28.

• Increasing FY27 capex guidance to ₹150–175 Cr.

TTK PRESTIGE:

CO SAYS THERE WILL BE PRESSURE ON MARGINS MOVING FORWARD IN COMING QTRS AS FESTIVE SEASON IS OVER

SATISH PAI OF HINDALCO

Focussing On Costs & Value Added Products To Protect Aluminium EBITDA/tonne

One-time ₹400 Cr Benefit To Copper EBITDA In Past Quarter

$519 m Recovered For Insurance, Expect Another $100-150 m Expected Before March 2027

In Q4FY27, Novelis Will Turn FCF Positive While Net Debt-EBITDA Will Come Down To 4x

Cold Mill At Bay Minette Already Commissioned, Hot Mill Commission In Dec 2026

Demand In India Has Been Very Strong; In Q3FY27, Costs Will Move Up By 5% QoQ

HAL ;Chief of Airstaff RKS Badhuria (Retd) says undercarriage related technical issue to delay Tejas MK2 program 🔴

Instead of 2026, first flight expected in 2027

ICICI Bank at 52-week high, top Nifty contributor in today's trade

CHIEF OF AIRSTAFF RETIRED SAYS UNDERCARRIAGE RELATED TECHNICAL ISSUE TO FURTHER DELAY TEJAS MK2 PROGRAM

JASH ENGINEERING: CO. ANNOUNCES HISTORIC ORDER WORTH OVER ₹63 CRORES FROM JINDAL STEEL; CONSOLIDATED ORDER BOOK EXCEEDS ₹1,000 CRORES FOR THE FIRST TIME; TARGETING ₹1,500 CRORES REVENUE BY 2031.

ANUPAM RASAYAN – FY27 REVENUE GUIDANCE

• FY27 Revenue expected at ₹4,800–5,000 Cr.

• EBITDA Margin guidance at 23%.

• H2 FY27 expected to be very strong.

• Consolidation of acquisitions has been completed.

JUST IN: China extends pause on 24% tariffs on US imports until January 10

U.S IMPOSES STEEP ANTI-DUMPING DUTIES ON SOLAR CELL IMPORTS FROM INDIA; WAAREE ENERGIES, PREMIER ENERGIES AND VIKRAM SOLAR IN FOCUS

HUL: CO INCREASES PRICE ACROSS DETERGENTS SEGMENT

HUL increase prices of Products - reports NDTV

Steepest 20% price hikes in Surf Excel bar 130g

Wheel 8-9%

Dove Soap 4%

ADANI ENTERPRISES SUBSIDIARIES MUNDRA SOLAR ENERGY AND MUNDRA SOLAR PV FACE 126.09% U.S. COUNTERVAILING DUTIES ON COVERED SOLAR IMPORTS FROM INDIA.

IRAN'S BAGHAEI SAYS US IRON GATE TASK FORCE IS A WAY TO DEFLECT FROM US MIDTERMS RESULTS