V-Mart Retail 2QFY26 Performance Update

▶Revenue grew 22.1% YoY/ -8.8% QoQ to Rs 8.07 bn. This growth has come on a base of 20.3% growth in 2QFY25.

▶The growth was supported by the early festive season. Pujo in 2Q FY26 vs in 3Q during FY25.

▶SSSG stood at +11% for 2QFY26 (V-Mart at +11% and Unlimited at +11%). Compared to 15% SSSG in base…[Read more]

LISTING UPDATE

PACE
IPO PRICE: 219
LOT SIZE – RETAIL: 68
LOT SIZE – sHNI: 952
LOT SIZE – bHNI: 1555

LISTING PRICE: 225(+6₹,+2.74%)
LISTING GAIN – RETAIL: 408/-
LISTING GAIN – sHNI: 5712/-
LISTING GAIN – bHNI: 9330/-

MANAS POLYMER – SME
IPO PRICE: 81
LOT SIZE – INDIVIDUAL: 3200
LOT SIZE – HNI: 4800

LISTING PRICE: 1…[Read more]

Marico 2Q26 PreQ update – Another qtr of very strong topline delivery across segments; margins decline sharply, likely bottoming

* Consol revenue: c.30% growth YoY (2Q25: +8% YoY) led by pricing

* Domestic volume growth in high-single digits, while moderating QoQ (1Q26: +9% YoY, 2Q25: +5% YoY)

* Demand trends stable for most of 2Q. India…[Read more]

Avenue Supermarts 2QFY26 Performance Update

▶Revenue grew 15.4% YoY/ 1.8% QoQ to Rs 162.18 bn during the quarter. This growth has come on a base of 14.2% YoY growth in 2QFY25. Growth during 1QFY26 stood at 16.2%.

▶In our view growth is impacted by intense competition from quick commerce, deflation in some product categories and dilution/…[Read more]

Mainboard IPOs to Watch — October to Early November 2025

India’s primary market is gearing up for a power-packed few weeks!
Here’s a snapshot of the major IPOs lined up

ICICI Prudential AMC – ₹9,500 Cr
Billionbrains (Groww) – ₹6,000 Cr
Pine Labs – ₹6,000 Cr
Credila Financial – ₹5,000 Cr
PhysicsWallah – ₹3,820 Cr
Prestige Hospitality –…[Read more]

Big Move from RBI: NBFCs Get Global Wings!

The Reserve Bank of India has unlocked a game-changing reform — NBFCs can now borrow unlimited dollars from global markets.

What’s Changed?

No cap on foreign borrowings

No end-use restrictions

Fully market-determined interest rates

In short: NBFCs just got the freedom to raise funds globally — w…[Read more]

Global Stock Markets Q3 2025 — Winners & Laggards

The first nine months of 2025 have delivered some striking shifts in global equity performance — with Europe stealing the spotlight.

Top Performers
Central and Eastern Europe are leading the global rally, with multiple markets gaining over 50% YTD.

Czech Republic: +55.4%

Greece: +53.4%

Pol…[Read more]

Fund Houses’ Recommendations

Goldman Sachs (GS)

Marico: Buy, Target Price ₹830/share — Positive view on international growth and domestic recovery.

Q2 Earnings Outlook: Upgrades seen in Consumer Discretionary (ex-Autos), IT, and Commodity Cyclicals — Positive Sector Bias.

Morgan Stanley (MS)

AU Small Finance Bank: Overweight, Target Price ₹…[Read more]

Stocks to Watch — October 6, 2025

Banking & Financials

HDFC Bank: Gross advances rose 4.4% QoQ and 9.9% YoY to ₹27.69 lakh crore in Q2FY26. Average deposits stood at ₹27.1 lakh crore, up 15.1% YoY and 2% QoQ.

Kotak Mahindra Bank: Net advances grew 15.8% YoY and 4% QoQ to ₹4.62 lakh crore. Average quarterly advances were ₹4.47 lakh crore, up…[Read more]

Daily Corporate & Economy Report — 6 October 2025

Key Corporate Developments

Bondada Engineering: Received sanction from Bank of Baroda for enhanced credit facilities to support project execution. The company reported an order book of ₹5,044 crore (as of April 1, 2025) and expects new orders worth ₹6,250–7,000 crore, targeting a closing order b…[Read more]

Daily Market Update — 6 October 2025

Macro & Market Overview

RBI Policy: The central bank maintained the repo rate at 5.5%, signaling continued vigilance on inflation but confidence in India’s growth trajectory.

Rupee & Currency Flows: The rupee remained under mild pressure due to global tariff tensions, though RBI intervention in offshore mar…[Read more]

Preview: 6–11 Oct 2025

What Will Drive Markets

Q2 Earnings Kickoff

o TCS is expected to report Oct 9 — this will set the tone for IT and export names.

o Banks, NBFCs, and consumer staples will follow — guidance, margins, and credit trends will be scrutinized.

IPO Debut / Subscription Trends

o Tata Capital’s IPO is expected to dominat…[Read more]

Weekly Review: 29 Sept – 4 Oct 2025

Market Snapshot & Trend

• After several volatile sessions in late September, the equity markets staged a modest rebound. The Sensex rose ~224 points (≈ 0.28%) on Oct 3, while the Nifty gained ~58 points (≈ 0.23%) to close around 24,894.

• Over the week, indices were up ~0.97% (both Sensex & Nifty) on a holi…[Read more]