Stock Market India

PM MODI | 80TH INDEPENDENCE DAY ECONOMIC GROWTH - INDIA EMERGED AS FASTEST-GROWING ECONOMY. - STRONG GROWTH ACHIEVED OVER 12 YEARS. - REFORM-LED GROWTH REMAINS KEY FOCUS. - MAKE IN INDIA DRIVES SELF-RELIANCE. - VOCAL FOR LOCAL SUPPORTS DOMESTIC GROWTH. - SWADESHI APPROACH STRENGTHENS AATMANIRBHAR BHARAT. - FOCUS ON INCREASING CAPACITY AND CAPABILITY. DEFENCE & MANUFACTURING - DEFENCE SECTOR EXPANDED 4X IN 12 YEARS. - TEXTILE PRODUCTION INCREASED 5X. - SEMICONDUCTOR PLANTS STARTED PRODUCTION. - SEMICONDUCTOR CAPACITY TO SCALE FURTHER. - INDIA TARGETS GREATER MANUFACTURING SELF-RELIANCE. NUCLEAR ENERGY - INDIA TARGETS 100 GW NUCLEAR CAPACITY BY 2047. - AIM TO START FIVE NUCLEAR REACTORS. - ENERGY SECURITY REMAINS MAJOR PRIORITY. - ALTERNATIVE ENERGY SOURCES TO BE EXPLORED. OIL & GAS - OFFSHORE EXPLORATION NO-GO AREAS EASED. - GAS PIPELINE COVERAGE EXPANDED SIGNIFICANTLY. - CITIES COVERED INCREASED FROM 70 TO 700. - ENERGY SECURITY REMAINS KEY FOCUS. RENEWABLE ENERGY - SOLAR CAPACITY ROSE FROM 2 GW TO 160 GW. - ROOFTOP SOLAR REACHED 50+ LAKH HOUSEHOLDS. - RENEWABLE CAPACITY EXPANSION REMAINS STRONG. - HYDROGEN-POWERED TRAIN MARKS MAJOR MILESTONE. ELECTRIFICATION - HOUSEHOLD ELECTRIFICATION REACHED 100%. - MAJOR PROGRESS ACHIEVED OVER LAST DECADE. - POWER ACCESS EXPANDED ACROSS THE COUNTRY. SELF-RELIANCE - INDIA SEEKS REDUCED DEPENDENCE ON OTHER NATIONS. - BETTER AND CHEAPER PRODUCTS FOR GLOBAL MARKETS. - REFORM EXPRESS CONTINUES TO DRIVE TRANSFORMATION. - AATMANIRBHAR BHARAT REMAINS STRATEGIC PRIORITY. KEY TAKEAWAY - PM MODI HIGHLIGHTED INDIA'S RAPID ECONOMIC TRANSFORMATION, RISING DEFENCE AND MANUFACTURING CAPABILITIES, SEMICONDUCTOR EXPANSION, ENERGY SECURITY AND RENEWABLE-ENERGY GROWTH. THE FOCUS REMAINS ON AATMANIRBHAR BHARAT THROUGH DOMESTIC MANUFACTURING, HIGHER CAPACITY, NUCLEAR EXPANSION, ENERGY DIVERSIFICATION AND REDUCED DEPENDENCE ON OTHER NATIONS.

🏴Mixed / Neutral / Average🙄🆗😑 1) Suraj Estate Developers 2) Belrise Industries 3) Anupam Rasayan India (Revenue up 36%) (EBITDA up 31%) (PAT up 13.5%) 4) Ashok Leyland (Avg) 5) Alkem Laboratories 6) Shivalik Rasayan 7) S.A.L. Steel (Revenue down but Margin Expansion) 8) Regaal Resources (Revenue down but Margin Expansion) 9) Nahar Industrial Enterprises (Revenue down but Margin Expansion) 10) Rama Steel Tubes (Revenue down but Margin Expansion) 11) Chavda Infra (Margin down) (PAT growth due to lower depreciation & interest expense) 12) Nova Agritech 13) Alpex Solar 14) Jupiter Wagons (Margin down) 15) Euro Panel Products (Margin down) 16) Donear Industries 17) IIRM Holdings India 18) DC Infotech & Communication 19) Prakash Pipes (Margin down) (Flexible Packaging Division Sales Volume 4,980 MT, up 33% YoY) (PVC Pipes & Fittings Division Sales Volume 11,421 MT vs 14,115 MT YoY) 20) Shreeji Shipping Global (Margin down) 21) Tube Investments of India (Margin down) 22) BMW Industries (Margin down) 23) GMR Power and Urban Infra (Margin Expansion) 24) Lux Industries (Margin Expansion) 25) Allcargo Global (Margin Expansion) 26) Sical Logistics (Margin down) 27) Rishabh Instruments (Margin Expansion) 28) Amines & Plasticizers 29) Lakshmi Mills Company (Margin Expansion) 30) Hitech Corporation (Margin down) 31) Fischer Medical Ventures 32) Max Estates 33) Modi Naturals (Margin Expansion) 34) Asian Hotels (West) 35) Valor Estate 36) Mcleod Russel India 37) Empire Industries (Margin Expansion) 38) Jindal Poly Films 39) Shah Foods 40) Gujarat Natural Resources (No view) 41) Dhenu Buildcon Infra (No view) 42) Pilani Investment and Industries Corporation (No view) 43) Tandhan Industries (No view) 44) GYFTR (No view) 45) Supreme Infrastructure India (No view) 46) Brightcom Group (No view) 47) KS Smart Technlogies (No view) 48) Mrugesh Trading (No view) 49) Filtron Engineers (No view) 50) BF Investment (No view) 51) Axentra Corp (No view) 52) Prozone Realty (No view) 53) LS Industries (No view) 54) Maxgrow India (No view) 55) Maa Jagdambe Tradelinks (No view) 56) Kama Holdings (No view) 57) Bharat Global Developers 🙏 (No view) 58) Rajesh Exports 🙏 (No view)

14th August 2026 Q1FY27 Results Snapshot:- 🏴Decent / Good / Blockbuster👏👍🔥 1) Knowledge Marine & Engineering Works (Blockbuster) 2) Rubicon Research (Solid) 3) PTC Industries (Blockbuster) 4) Bharat Dynamics (Blockbuster) 5) AVT Natural Products (Blockbuster) 6) KMC Speciality Hospitals (Solid) 7) Marine Electricals (Solid) 8) Afcom Holdings (Solid) 9) PAKKA (Solid) 10) Cholamandalam Financial Holdings 11) Paramount Communications (Decent) (Margin Expansion) (Lower other income dragged PAT down) 12) Jai Balaji Industries 13) PVP Ventures 14) Kingfa Science & Technology (Solid) (Margin Expansion) 15) Voltas (Margin Expansion) (RAC volumes up 45% YoY) 16) Susan Electricals India (SME) (Blockbuster) 17) Puravankara (Solid) (Pre-sales up 28% YoY) (Collections up 40% YoY) 18) IZMO (Margin Expansion) 19) Turtlemint Fintech Solutions (Adjusted EBITDA margin improved from -20% in Q1FY26 to -9% in Q1FY27) (Corporate overheads as % of revenue declined from 30% to 22%) 20) Physicswallah (Adjusted EBITDA ₹135 Cr, up over 5x YoY) (Adjusted EBITDA margin 12.9% vs 3.1%) (Pre-IndAS EBITDA loss narrowed to ₹44 Cr vs ₹89 Cr) (Daily Active Users 4.03 Mn+, up 26% YoY) 21) Thomas Scott India (Avg) (Pace of growth coming down) 22) Asgard Alcobev (Blockbuster) 23) Ashapuri Gold Ornament (Margin Expansion) 24) Orchid Pharma 25) Gufic Biosciences 26) CIAN Agro Industries & Infrastructure (Margin Expansion) 27) MM Forgings 28) UFLEX (Solid) (Margin Expansion) 29) Patanjali Foods (Margin Expansion) 30) Kwality Walls (Good) 31) Blue Cloud Softech Solutions (Margin Expansion) 32) Chandan Healthcare (SME) (Margin Expansion) 33) Elpro International 34) Arihant Foundations & Housing 35) Expleo Solutions (Margin Expansion) 36) Spice Lounge Food Works (Margin Expansion) 37) Algoquant Fintech (Mostly due to net gain on fair value changes) 38) Dolat Algotech 39) Sunrakshakk Industries (Solid but Margin down) 40) One Global Service Provider 41) Panorama Studios International 42) Jaykay Enterprises (PAT down due to lower other income) 43) Danlaw Technologies India 44) KN Agri Resources 45) Sreeleathers 🏴Bad / Poor / Weak 😠😡🤬 1) BF Utilities 2) 3M India (Margin down) 3) NAVA (Margin down) 4) Likhitha Infrastructure 5) Natco Pharma 6) FACT (Margin down) 7) Solex Energy (Margin down) 8) Satia Industries 9) Saatvik Green Energy 10) Remsons Industries (Margin down) 11) Kitex Garments 12) Zaggle Prepaid Ocean Services 13) Schneider Electric Infrastructure (Margin down) 14) Borosil (Margin down) 15) Magellanic Cloud (Margin down) 16) Cochin Shipyard 17) Sika Interplant Systems 18) R M Drip and Sprinklers Systems (Margin down) 19) Southern Petrochemicals Industries Corporation (Margin down) 20) NMDC 21) NMDC Steel (Margin down) 22) Gujarat Kidney And Super Speciality (Margin down) 23) Bannari Amman Sugars 24) Dishman Carbogen Amcis 25) Electrotherm (Margin down) 26) Ravindra Energy (Revenue down but Margin Expansion) 27) Easy Trip Planners 28) Genesys International Corporation (Margin down) 29) Solarworld Energy Solutions (Margin down) 30) Responsive Industries 31) Mamata Machinery 32) Kilburn Engineering (Margin down) 33) Apeejay Surrendra Park Hotels 34) NIBE 35) Kothari Industrial Corporation 36) Meghna Infracon Infrastructure 37) Sobhagya Mercantile 38) HMT 39) Ahluwalia Contracts (Margin down) 40) Reliance Infrastructure 41) Basilic Fly Studio (Margin down) 42) Western Carriers (Margin down) 43) POCL Enterprises (Margin down) 44) Laxmi Goldorna House (Margin down) (QoQ Good) 45) Kothari Petrochemicals 46) Capital India Finance 47) Fedders Holding 48) IST 49) Hardwyn India 50) Aryaman Financial Services 51) DCM Shriram International 52) KSE 53) Zee Media Corporation 54) Primo Chemicals 55) AVG Logistics 56) Swiss Military Consumer Goods 57) CSM Technologies 58) Covance Softsol 59) ABM Knowledgeware 60) Jinkushal Industries 61) Forbes & Company

Muthoot Microfinance Muthoot Microfin #MuthootMicrofin #MuthootMF Good Q1FY27 Highest ever Q1 disbursements At 2645cr⏫49% AUM at 14457cr⏫18% This was provided in quarterly data Rev at 670cr vs 559cr, Q4 at 638cr PPOP at 199cr⏫44% YoY, ⏫ 3% QoQ PBT at 107cr vs 5.7cr, Q4 at 96cr PAT at 81cr vs 6cr, Q4 at 71cr GNPA and NNPA sharply down YoY Down well QoQ too NNPA at 1.05% vs 1.14% QoQ Credit cost at 2.6% RoA at 2.3% RoE at 11.2% Shipping Corporation of India SCI #SCI Blockbuster Q1FY27 with big QoQ and YoY uptick across all parameters Rev at 1846cr vs 1316cr, Q4 at 1513cr PBT at 628cr vs 366cr, Q4 at 416cr PAT at 614cr vs 354cr, Q4 at 405cr Cosmo First #Cosmo #CosmoFirst Good QoQ and YoY uptick across all parameters 45%+ rev and EBITDA growth 12% QoQ growth Rev at 1165cr vs 800cr, Q4 at 1021cr EBITDA at 136cr⏫48% YoY, ⏫ 13% QoQ OPM steady at 11.7% PBT at 71cr vs 54cr, Q4 at 65cr PAT at 54cr vs 43cr, Q4 at 37cr Mold Tek Technologies #MoldTech #MoldtekTech Concall highlights: 20%+ OPM seems sustainable Workflows are strong and increasing 240-250cr revenue guidance for FY27 and 340-350cr for FY28 with 20-23% OPM band Q2FY27 should be another strong quarter as per current trends Wakefit Innovations #Wakefit Solid Q1FY27 with good QoQ and YoY uptick across all parameters Rev at 404cr vs 347cr, Q4 at 344cr EBITDA at 72cr vs 53cr, Q4 at 54cr PBT at 36cr vs 19cr, Q4 at 24cr Almost 85%+ YoY growth Sundrop Brands #Sundrop Decent Q1FY27 with decent QoQ and YoY uptick across all parameters Rev at 427cr vs 372cr, Q4 at 386cr PBT at 17cr vs 5.6cr, Q4 at 13cr PAT at 12cr vs 4cr, Q4 at 10cr Sandur Manganese #Sandur #SanduMa Good Q1FY27 Rev at 1375cr vs 1135cr, Q4 at 1511cr PBT at 281cr vs 209cr, Q4 at 296cr PAT at 228cr vs 167cr, Q4 at 236cr Kewal Kiran Clothing #KKCL Decent Q1FY27 Rev at 279cr vs 234cr, Q4 at 324cr PBT at 51cr vs 41cr, Q4 at 47cr PAT at 41cr vs 32cr, Q4 at 34cr GR Infraprojects #GRInfra A pleasantly good quarter after ages Good QoQ and YoY uptick across all parameters Rev at 2784cr vs 1984cr, Q4 at 2500cr PBT at 418cr vs 321cr, Q4 at 286cr PAT at 358cr vs 244cr, Q4 at 210cr Orient Ceratech #OrientCeratech Good Q1FY27 in terms of margin expansion QoQ and YoY Rev at 100cr vs 96cr, Q4 at 97cr PBT at 13.4cr sv 5cr, Q4 at 12.2cr PAT at 10.5cr vs 3.8cr, Q4 at 9.8cr Allied Digital #ADSL Rev at 260cr vs 219cr, Q4 at 268cr PBT at 17cr vs 14cr, Q4 was a loss qtr Deepak Spinners #DeepakSpin Rev flat at 138cr PBT at 4.1cr vs -5cr,flat QoQ Decent/Avg: #BLSEServ PBT at 25cr vs 22cr, Q4 at 24cr #HCG Rev at 693cr vs 611cr, Q4 at 650cr Other income at 12cr vs 7cr PBT at 24cr vs 11cr, Q4 at 33cr #Britannia Below ests on rev and EBITDA PBT at 797cr vs 701cr, Q4 at 785cr #ApolloTyres Rev Performs better on margins front vs Ceat Flat PBT #BoschHomeComfort QoQ down, Q4 is general the string quarter Rev at 1095cr vs 852cr, Q4 at 965cr PBT at 32cr vs 24cr, Q4 at 53cr #GeeCeeVent Rev at 37cr vs 8cr, Q4 at 33cr PBT at 9.4cr vs 4cr, Q4 at 28cr #AdventHotels Rev flat at 80cr PBT at 11cr vs 5cr, Q4 at 27cr

❁Stocks❁ ❁Result❁& BREAKING News: 📊 SAGAR CEMENTS – Q1 FY27 Results • Net Loss: ₹23.11 Cr vs Profit ₹1.22 Cr YoY and Profit ₹87.60 Cr QoQ • Revenue: ₹706.07 Cr, +5.30% YoY, -10.28% QoQ • EBITDA: ₹35.80 Cr, -4.68% YoY, -61.06% QoQ • EBITDA Margin: 5.07% vs 5.60% YoY and 11.68% QoQ 📊 TATA POWER – Q1 FY27 Results • Net Profit: ₹1,175.93 Cr, +10.95% YoY, +18.08% QoQ • Revenue: ₹19,051.26 Cr, +5.63% YoY, +27.86% QoQ • EBITDA: ₹4,013.29 Cr, -3.04% YoY, +54.40% QoQ • EBITDA Margin: 21.06% vs 22.95% YoY and 17.44% QoQ Senores Pharmaceuticals Q1 FY27 RESULTS 💊📊 • 💰 Revenue: ₹180.21 Cr ▲35.96% YoY | ▲2.87% QoQ • 📈 EBITDA: ₹53.76 Cr ▲87.15% YoY | ▲13.20% QoQ • 📊 EBITDA Margin: 29.83% vs 21.68% YoY | 27.11% QoQ • 💵 Net Profit: ₹30.72 Cr ▲55.70% YoY | ▼2.82% QoQ GRAVITA INDIA – Q1 FY27 Results • Net Profit: ₹106.39 Cr, up 14.08% YoY and 15.79% QoQ • Revenue: ₹1,475.06 Cr, up 41.84% YoY and 25.79% QoQ • EBITDA: ₹109.71 Cr, up 9.02% YoY but down 2.49% QoQ • EBITDA Margin: 7.44% vs 9.68% YoY and 9.59% QoQ GALLANTT ISPAT Q1 Result • Net Profit: ₹123.67 Cr, ▼28.84% YoY, ▲0.68% QoQ • Revenue: ₹1,145.67 Cr, ▲1.59% YoY, ▼4.90% QoQ • EBITDA: ₹204.05 Cr, ▼22.87% YoY, ▼8.29% QoQ • EBITDA Margin: 17.81% vs 23.61% (YoY), vs 18.48% (QoQ) AEROFLEX INDUSTRIES Q1 Result • Net Profit: ₹18.79 Cr, ▲162.24% YoY, ▲6.57% QoQ • Revenue: ₹145.38 Cr, ▲72.42% YoY, ▲15.53% QoQ • EBITDA: ₹34.09 Cr, ▲118.02% YoY, ▲27.55% QoQ • EBITDA Margin: 23.45% vs 17.94% (YoY), vs 21.28% (QoQ) HAPPIEST MINDS Q1 Result • Net Profit: ₹67.7 Cr, ▲11% QoQ, ▲18% YoY • Revenue: ₹628 Cr, ▲4% QoQ, ▲14% YoY • EBIT: ₹94.96 Cr, ▲16% QoQ, ▲33% YoY • EBIT Margin: 15.1% vs 13.6% (QoQ), vs 13.0% (YoY) INDUS TOWERS Q1 Result • Net Profit: ₹1,745.8 Cr ↑ 1% YoY, ↓ 3% QoQ • Revenue: ₹8,431 Cr ↑ 5% YoY, ↑ 4% QoQ • EBITDA: ₹4,520 Cr ↑ 3% YoY, ↑ 1% QoQ • EBITDA Margin: 53.6% vs 54.8% (↓ 120 bps YoY), vs 55.1% (↓ 150 bps QoQ) R R Kabel Q1 FY27 RESULTS • 💰 Revenue: ₹3,168.20 Cr ▲53.90% YoY | ▲6.88% QoQ • 📈 EBITDA: ₹283.20 Cr ▲99.44% YoY | ▲8.22% QoQ • 📊 EBITDA Margin: 8.94% vs 6.90% YoY | 8.83% QoQ • 💵 Net Profit: ₹205.20 Cr ▲128.76% YoY | ▲22.22% QoQ

L&T Technology Services Ltd Q1Fy27 Results:- Revenue 2940.10 Cr Vs 2637.50 Cr (+11.47% Yoy┃+2.88% Qoq) Ebitda 548.30 Cr Vs 440.70 Cr (+24.42% Yoy ┃+5.16% Qoq) Ebitda Margin 18.65% Vs 16.71% Yoy & 18.24% Qoq Pbt Ex-Exceptional Items 476.00 Cr Vs 410.70 Cr (+15.90% Yoy┃+0.59% Qoq) Pat From Continuing Operations 352.30 Cr Vs 300.10 Cr (+17.39% Yoy┃+10.09% Qoq) Pat 357.10 Cr Vs 316.10 Cr (+12.97% Yoy┃+7.33% Qoq) Pat After Minority Interest 356.60 Cr Vs 315.70 Cr (+12.96% Yoy┃+7.38% Qoq) Other Income 29.10 Cr Vs 67.00 Cr Yoy & 55.30 Cr Qoq Last Q4 Exceptional Loss Of 37 Cr

Emmvee Photovoltaic Power #Emmvee #EmmveePV Solid Q1FY27 Continues to deliver a solid numbers Q1 is historically leaner vs q4 which is always the highest ever quarter Highest ever Q1 Rev at 1555cr vs 1027cr, Q4 at 1739cr PBT at 470cr vs 240cr, Q4 at 484cr Solid margin expansion QoQ and YoY PAT at 380cr vs 187cr, Q4 at 392cr Almost matches a big Q4 without compromising on margins Steel Strips and Wheels #SSWL Inv PPT : 6 years rev CAGR 20% and PAT CAGR 27% 1.2 million capacity addition in alloy wheels by FY27 Market leader in steel wheels Scaling up capacity for aluminium knuckles(11 lakh units vs 5 lakh units last year) High margin alloy wheels share increasing 50% PBT growth and 46% PAT growth in Q1FY27 Mangalore Refineries and Petrochemicals MRPL Ltd #MRPL Solid topline growth, margins down QoQ Rev at 41608cr vs 20988cr, Q4 at 28493cr EBITDA at 1318cr⏫635% with OPM ⏫231bps YoY PBT at 743cr vs -402cr, Q4 at 1235cr Revision of certain petrochemical product prices leads to additional 471cr gains leading to: PAT at 945cr vs -270cr, Q4 at 117cr Angel One #AngelOne Good YoY, down QoQ Historically, Q1 is always lean vs Q4 as Q1 has 3-4 additional trading holidays Beat vs estimates IPL related expenses are taken in Q1 Rev at 1433cr vs 1133cr, Q4 at 1467cr EBITDA at 485cr⏫77% with OPM at 34% vs 24% PBT at 325cr vs 164cr, Q4 at 440cr PAT at 231cr vs 114cr, Q4 at 320cr 136cr expenses related to IPL taken in Q1 Avg client funding book reached 61.4 Billion ⏫46% Wealth management AUM at 134.4 bln⏫166% Shera Energy #Shera #SheraEnergy Good Q1FY27 Rev at 488cr vs 387cr, Q4 at 463cr EBITDA at 28cr vs 19cr with OPM at 5.7% vs 4.8% PBT at 17cr vs 10cr, Q4 at 16cr PAT at 13cr vs 7cr, Q4 at 12cr De Neers Tools #DeNeers Q1FY27 update Rev⏫28% at 47cr Onix Solar Energy #OnixSolar Rev at 95cr vs 103cr, Q4 at 76cr PBT at 28cr vs 7cr, Q4 at 28cr PAT at 21cr vs 7cr, Q4 at 28cr Bad: #ICICILombard

❁Stocks❁ ❁Result❁& BREAKING News: UBS ON CARTRADE Target ₹4000 Recommendation Accumulate KEY TAKEAWAYS Scaling network effects, hidden value Asset light model offers significant operating leverage Expect margins to expand from 33% in FY26 (9% in FY23) to 47% by FY30 Expect this to be driven by significant top-line growth Current revenue across platforms representing only 3-4% of total addressable market BERNSTEIN ON AVENUE SUPERMART Target ₹5000 Recommendation Outperform KEY TAKEAWAYS Result underscores resilience of DMart model in context of the quick commerce onslaught Averaging Q4 and Q1, is more representative of the near term performance Expect store expansion to remain 80+ (albeit partly fueled by debt) Success in sustaining gross margins with positive SSSG despite competition is impressive Expect the cost curve to become supportive over next 2-3 quarters MORGAN STANLEY ON L&T FINANCE Target ₹175 Recommendation Underweight KEY TAKEAWAYS PAT 3% above estimates; L&T Finance executing well Believe valuation already prices in too much future improvement Peers offer significantly more attractive valuations See risks to loan growth given exposure to MFI, tractor and 2W, given El Nino See limited scope for NIM expansion, especially as MFI share moderates MORGAN STANLEY ON AVENUE SUPERMART Target ₹5083 Recommendation Overweight KEY TAKEAWAYS Q1: Margins in line; top-line growth recovery is key Management commentary alludes to higher quick commerce competition in metros Weak top-line growth could limit near-term upside Remain Overweight due to its large total addressable market & business model strengths Await management comments at the annual investor meeting usually in July or August KOTAK SECURITIES ON LTM Target ₹3900 Recommendation Reduce KEY TAKEAWAYS Good execution but hard-pressed for growth acceleration In-line revenue and EBIT margins; revaluation gain helps offset sharp forex loss Reasonable execution but not enough for significant growth acceleration Stock does not offer considerable upside from the current levels GOLDMAN SACHS ON AVENUE SUPERMART Target ₹3600 Recommendation Sell KEY TAKEAWAYS Revenue growth slows down despite large store openings in end of Q4 and higher FMCG inflation Flat YoY growth in metros, likely because of quick commerce competition EBITDA margins flattish YoY, as increased operating costs offset gross margin expansion UBS On CarTrade INITIATE BUY TARGET PRICE: ₹4,000 Co's Asset Light Model Offers Significant Operating Leverage Expect Margin To Expand From 33% In FY26 Το 47% By FY30 Vs 50-60% For Global Peers Expect Margin Expansion To Be Driven By Significant Top-Line Growth With Current Revenue Across Its Platforms Representing Only 3-4% Of TAM Analysis Shows Significant Growth Potential In OLX, Its Dominant Used C2C Platform Overall, See Scope For 15-20% Upside In Consensus Earnings For FY27-29 MOSL ON AVENUE SUPERMARTS (DMART) Maintains BUY rating Raises Target Price to ₹4,800 Growth decelerates, but margins remain resilient Q1 results in line; revenue at older stores in large metros remains flat Non-metro stores continue to deliver healthy revenue growth Growth moderates across categories; DMart Ready consolidates further Expects 85-90 annual store additions during Value-focused model and superior store economics support long-term competitiveness Strong customer relevance expected, particularly in Tier 2+ towns GS On DMart MAINTAIN SELL Q1 Revenue Growth Slows Down Despite Large Store Openings In End Of Q4 Flat YoY Growth In Metros, Likely Because Of Q-Com Competition DMart Ready To Focus Only On Large Cities TARGET PRICE: ₹4,000 EBITDA Margin Flattish YoY, As Increased Operating Costs Offset Gross Margin Expansion PBT Growth Lags EBITDA Growth Due To Increase In Depreciation & Interest Costs JPMORGAN ON LTM Target ₹4300 Recommendation - Neutral KEY TAKEAWAYS Q1 print mixed; Optimism on rest of FY27 Discloses Al lead revenues at 12% of total Margins have levers; to expand for the rest of FY27

Solar power Very interesting article from Gujarat • Curtailment of renewable power is increasing 🚨🚨 - resulting in longer payback periods and lower returns for investors. • Several solar plants were asked to stop solar generation by more than 100 times during summer 😮 • Naturally - This is creating negative sentiment towards new solar investments due to longer payback period.. • Energy Storage + Grid infra improvement is the need of the hour..

JM Financial on AIA Engineering Maintain ADD rating Increase TP to ₹6,000 Increase PE multiple to 35x vs 30x Key positives: -Patented grate discharge ball mills are helping AIAE penetrate the forged grinding media market with high-chrome offerings. -Next-Gen DE ball mills could drive EBITDA above JM estimates. -AIAE offers better value than Tega. Valuation: JM values AIAE and Tega's core business (ex-Molycop) at 35x Sep'28 P/E, but assigning Molycop an 18x Sep'28E P/E due to its low single-digit growth outlook through FY30E

GUJARAT INDUSTRIES POWER GUIDANCE - MANAGEMENT PROJECTS APPROXIMATELY INR 420 CRORES IN REVENUE AND INR 350-360 CRORES IN EBITDA FOR THE 600 MW KHAVDA SOLAR PROJECT FOR FY2026-27. - CONCALL UPDATE

Stocks Watchlist Positive Heg-Restructuring Announcement Pace Digitek, Powerica, Jsw Energy-Order Wins Lux Industries-Rs 600Cr Capex In West Bengal Goodluck India-Board Approves 2:1 Bonus Sambhv Steel Tubes-Bm On July 15 For Fundraise Ongc, Oil India-Oil Jumps On Fresh Us-Iran Strike Ethos-Quant Mf Acquired 7Lk Shares Himadri Speciality, Gmr Airports, Aster Dm Quality Care-Ratings Upgrade Sterlite Technologies - Wins European Patent Dispute Against Fujikura Negative Tata Steel - Dutch Public Prosecution Office Summon Antony Waste -Waste-To-Energy Plant Incident Jindal Steel & Power-Ceo Resignation

UBS on Dixon Buy TP Rs 15000 Dixon’s Vivo JV receives long-awaited PN3 approval Positive development; adds to growth for FY27/FY28 Management had previously indicated that it would take approximately 45–60 days to consummate transaction following receipt of PN3 approval Vivo sold around 32 million smartphones in CY2025, & as earlier indicated by management around two-thirds of these volumes will be moved to the JV, monthly production volumes potential could be around 1.75 million units

❁Stocks❁ ❁Result❁& BREAKING News: 🔋 ACME SOLAR ADDS MORE BATTERY ENERGY STORAGE CAPACITY • ACME Solar, through its subsidiary ACME Sun Power Pvt Ltd, has commissioned an additional 33.31 MW / 120.384 MWh Battery Energy Storage System (BESS) in Rajasthan • The project is located at Badi Sid, Phalodi, Jodhpur • The facility was commissioned on June 12, 2026, with Commercial Operation Date (COD) effective from June 14, 2026 • Following this addition, ACME Solar's total commissioned BESS capacity has increased to 300 MW / 1,040.32 MWh • The expansion further strengthens the company's presence in India's fast-growing energy storage and renewable power sector • Higher operational storage capacity is expected to improve long-term revenue visibility and support future growth ATHER ENERGY PLANS ₹2,500 CR FUNDRAISE • Board has approved raising up to ₹2,500 Cr through various fundraising routes • Up to ₹1,500 Cr will be raised through a Qualified Institutional Placement (QIP) • Up to ₹1,000 Cr may be raised via equity shares, FCCBs or other convertible securities • The fundraising may be carried out in one or more tranches, subject to approvals • A Fund Raise Committee has been formed to oversee the process • Shareholder approval for the QIP will be sought through a postal ballot DR. REDDY'S LABORATORIES: LAUNCHES FIRST-TO-MARKET BOSUTINIB 400 MG IN THE U.S. • Dr. Reddy's Laboratories has announced the first-to-market launch of Bosutinib Tablets 400 mg in the United States. • The product is the generic equivalent of Bosulif® and is a first-to-file product eligible for 180-day generic drug exclusivity. • The product was developed and manufactured by MSN Laboratories Private Limited, with Dr. Reddy's holding exclusive marketing rights in the U.S. • The launch strengthens the company's oncology portfolio and expands patient access to the therapy. • According to IQVIA data, Bosulif® 400 mg recorded U.S. sales of approximately USD 253.8 million (₹2,183 Cr)* for the 12 months ended April 2026. *Approximate INR conversion based on an exchange rate of ₹86/USD. DC INFOTECH & COMMUNICATION Q4 CONSOLIDATED RESULTS • Net Profit ₹5.66 Cr ↑ 52.2% (YoY), ↓ 12.8% (QoQ) 🟢 • Revenue ₹239.46 Cr ↑ 38.6% (YoY), ↑ 22.2% (QoQ) • EBITDA ₹10.23 Cr ↑ 47.0% (YoY), ↓ 0.3% (QoQ) • EBITDA Margin 4.27% vs 4.03% (YoY), vs 5.23% (QoQ) Valiant Communications Q4 Result • Net Profit ₹8.14 Cr ↑ 92.9% YoY, ↑ 34.8% QoQ • Revenue ₹24.24 Cr ↑ 50.4% YoY, ↑ 9.5% QoQ • EBITDA ₹9.26 Cr ↑ 65.9% YoY, ↑ 20.3% QoQ • Margins 38.20% vs 34.62% YoY, 34.78% QoQ ↑ Veranda Learning Solutions Q4 Result • Net Profit ₹15.70 Cr ↑ 88.7% YoY, ↑ 25.2% QoQ • Revenue ₹132.39 Cr ↑ 51.6% YoY, ↑ 13.3% QoQ • EBITDA ₹76.65 Cr ↑ 10.2% YoY, ↑ 8.8% QoQ • Margins 57.90% vs 79.68% YoY, 60.33% QoQ ↓ TWAMEV CONSTRUCTION Q4 Result • Net Profit ₹1.61 Cr ↓ 96.9% (YoY), ↓ 5.3% (QoQ) • Revenue ₹22.51 Cr ↓ 54.7% (YoY), ↑ 8.1% (QoQ) • EBITDA ₹3.95 Cr ↓ 84.1% (YoY), ↑ 36.7% (QoQ) • EBITDA Margin 17.55% vs 50.12% (YoY), vs 13.87% (QoQ)

DR. REDDY'S LABORATORIES: LAUNCHES FIRST-TO-MARKET BOSUTINIB 400 MG IN THE U.S. • Dr. Reddy's Laboratories has announced the first-to-market launch of Bosutinib Tablets 400 mg in the United States. • The product is the generic equivalent of Bosulif® and is a first-to-file product eligible for 180-day generic drug exclusivity. • The product was developed and manufactured by MSN Laboratories Private Limited, with Dr. Reddy's holding exclusive marketing rights in the U.S. • The launch strengthens the company's oncology portfolio and expands patient access to the therapy. • According to IQVIA data, Bosulif® 400 mg recorded U.S. sales of approximately USD 253.8 million (₹2,183 Cr)* for the 12 months ended April 2026. *Approximate INR conversion based on an exchange rate of ₹86/USD.

Middle East me Iran aur Israel ke beech phir se tension badh gayi thi, lekin ek positive development yeh rahi ki Iran ne Israel par apne attacks rokne ki baat kahi. Saath hi Iran ne warning bhi di ki agar us par phir se hamla hua, to woh jawab dene ke liye taiyar hai. Is beech, US President Donald Trump ne claim kiya ki Iran aur Israel dono turant ceasefire (yuddh-viraam) chahte hain. Unke mutabik, dono desh conflict ko aur zyada badhane ke bajay shanti ki taraf badhna chahte hain. Iran ne filhaal Israel par attacks rokne ka signal diya. Dono deshon ke beech direct military confrontation hui thi. America ceasefire ko support kar raha hai. Regional conflicts me diplomacy aur ceasefire war ko badhne se rokne ke liye bahut important hote hain. Warning aur dialogue dono saath-saath chal sakte hain jab desh apni security concerns ko balance karne ki koshish karte hain.

🚨 Bombay Hc Gives Major Relief To Telecom Operators 📡 Key Highlights: ✅ Bombay High Court Quashes Retrospective One-Time Spectrum Charges (Otsc) ✅ Demand Notices Issued To Bharti Airtel And Vodafone Idea Set Aside ✅ Court Rules Government Cannot Retrospectively Change Financial Terms Of Telecom Licences ✅ Bank Guarantees Furnished By Telecom Operators To Be Returned 💰 Estimated Relief 🔹 Vodafone Idea: ~₹11,000 Crore 🔹 Bharti Airtel: ~₹9,000 Crore 🔹 Total Industry Relief: ~₹20,000 Crore 📈 Market Impact • Positive Sentiment For Telecom Sector • Improves Cash Flow Visibility For Operators • Reduces Legacy Regulatory Overhang • Potential Positive For Vodafone Idea And Bharti Airtel Shares

ANGEL ONE MAY BUSINESS UPDATE Client Base up at 38.17 Mn vs 31.95 Mn 19.5% YoY Gross Client Acquisition down at 0.42 mn vs 0.50 mn 16.7% YoY Avg Client Funding Book up at 63.09 Bn vs 40.05 Bn 57.5% YoY Number of orders up at 130.35 mn vs 121.55 mn 7.2% YoY Average Daily Orders up at 6.86 mn vs 5.79 mn 18.5% YoY

NMDC Q4 earnings fineprint "It's been a record-breaking performance..." Amitava Mukherjee of NMDC & NSL sheds light on the production figures and what aided EBITDA margins RBI sold GOLD worth more than Rs 1 Lkh Cr to defend the Rupees. Report from Bloomberg suggests that Gold Sales and Dollar sales part of RBI strategy to keep INR currency stable. U.S. Emergency Oil Stockpile Shrinks Rapidly • The U.S. Used 9.1 Million Barrels Of Oil From Its Emergency Reserve Last Week, One Of The Biggest Weekly Drops Ever • About 33 Million Barrels Have Been Taken Out Over The Last Month, Causing The Reserve To Fall At An Unusually Fast Pace Borosil Renewables, Asahi India Glass (+ve) Counter-Vailing Duty (CVD) put on Textured Tempered Glass CVD for levies over period of 5 years CVD put on Malaysian Solar Glass Exports Positive for solar glass makers

𝗕𝗲𝘀𝘁 𝗢𝗶𝗹 & 𝗚𝗮𝘀 𝗦𝘁𝗼𝗰𝗸𝘀 𝗜𝗻 𝗜𝗻𝗱𝗶𝗮📈 • Reliance Industries • Oil & Natural Gas Corporation • Indian Oil Corporation • Bharat Petroleum Corporation • Hindustan Petroleum Corporation • Oil India Bookmark this list📌 Educational purpose only. Not a buy/sell recommendation. Any more stocks to add❓