BSE NSE Sensex Nifty Stocks Equity Research Reports

BREAKING: The US, Iran, and a group of regional mediators are discussing a potential 45-day ceasefire that could lead to a permanent end to the Iran War, per Axios. Details include: 1. This is being described as a "last-ditch effort" to prevent "massive strikes on Iranian civilian infrastructure" 2. Mediators are discussing the terms for two-phased deal; the first phase would a potential 45-day ceasefire during which a permanent end to the war would be negotiated 3. A US official said Trump gave Iran several proposals in recent days, but so far Iranian officials have not accepted 4. The sources said the chances for reaching a partial deal over the next 48 hours are still "slim" US stock market futures have erased all losses.

Few FMEG companies available at multi-year lowest valuations (Thanks to markets) Our channel checks suggest Q3 to be good, further Q4 (ongoing quarter) should be even better Most FMEG cos should report record highest ever H2 nos CROMPTON GREAVES ▪️Trading at just 32x P/E vs peers trading at 60-70x ▪️Fell to 250 from recent highs of 480+ ▪️HSBC TP 430 ▪️Nuvama TP 410 ▪️Goldman Sachs 375 ▪️IIFL TP 340 ▪️Motilal Oswal TP 350 ▪️Prabhudas Lilladher TP 375 HAVELLS ▪️Stock has been range bound since last 3 years even as revenues have grown at over 16% CAGR ▪️Down to 1430 from highs of 2050 (Sept'24) ▪️Available at just 60x P/E vs historical P/E of 80-85x ▪️Nuvama TP 1790 ▪️Bank of America TP 1785 ▪️ICICI Securities TP 1725 ▪️Geojit TP 1749 ▪️HSBC TP 1750 ▪️IIFL TP 1710 Expecting some major upgrades in coming quarters if H2 nos come out to be good POLYCAB is already up 3% today after reporting good nos (Brokers have raised TP as well)

CROMPTON - Keep an eye Start of a sharp reversal from bottom Can give 8-10% upmove quickly SL 248 CLBS

Buy SAMMAAN CAPITAL

SAMMAAN CAPITAL - TOP NBFC PICK FOR MULTIBAGGER RETURNS Stellar Financials available at Mouth Watering Valuations TTM PAT 1269 Cr vs Mkt cap of 12400 Cr One of the lowest NPAs in industry ▪️GNPA at 1.4% vs 2.4% YoY ▪️NNPA at 0.8% vs 1.4% YoY Total AUM of 64000 Cr 8850 Cr ($1 Bn) Investment by IHC for 41.2% controlling stake ▪️Acquisition triggers open offer for additional 26% stake ▪️IHC will become the promoter CCI approval already received RBI approval should come anyday (Application already submitted to RBI by IHC on 20th Oct 2025) Positive impact of deal already visible ▪️$450 Mn bonds issued at 7.5% (150 bps reduction immediately) vs 9% issued in Aug'25 ▪️Issue was subscribed over 3x times Rating upgrades possible in near future with new foreign promoters taking over 16500 Cr worth of loans will get repriced within an year (~170 bps reduction) Cost of funds to reduce by 200 bps Overall positive impact with ~50% increase in PAT Annual disbursals will scale up to 35000 Cr in FY27 vs 15000 Cr currently (FY26) IHC will lead the complete strategic overhaul with its technology integration Change in governance with IHC as promoters will give them right to reconstitute the board of directors WORST IS BEHIND SKY IS THE LIMIT WITH NEW FOREIGN PROMOTERS

TARIL Looking good for a sharp reversal Can fill the gap upto 390

NILA SPACES Should be out of ESM on today Q3 & Q4 should be record highest ever quarters & HY Should make new highs in due course ✅

KV Toys Real Manufacturer or Noise!!! Manufacturing + IP claims vs numbers K V Toys India: ~36L asset addition FY26 YTD, mostly motor vehicle, not moulds. Actual P&M (incl. moulds) addition barely 2–3L. Total gross asset block Sept’25: ~1.9 Cr. Story does not match numbers https://x.com/i/status/2002772123665002691

PHYTOCHEM REMEDIES https://x.com/i/status/2001535638441725970

Yen Carry Trade: Why BOJ = Global Risk Lever For decades, Japan’s near-zero rates turned the yen into the world’s funding currency. Classic carry trade: Borrow in JPY at ultra-low cost Invest in higher-yielding assets abroad (US Treasuries, EM debt, equities, credit, FX) This trade became structural, not tactical. What Changes with a BOJ Hike? Read below 👇 https://x.com/i/status/2000568071992254744

*#nifty* - Detailed analysis + probability ahead shared 👇 https://x.com/i/status/2000558588939661600 _Views Invited._ A big trending upmove is on cards, is ATH coming in December or 25700 will be broken with a strong fall ??

India’s Atomic Energy Bill 2025 — The Nuclear Opening That Changes Everything https://x.com/i/status/1999726744475955441

Invicta Diagnostic Limited https://x.com/i/status/1999347962158436628