About UltraTech Cement

UltraTech Cement Limited, an Aditya Birla Group company, is India's largest cement manufacturer and one of the world's leading producers outside China. The company supplies grey cement, white cement, ready-mix concrete and building products while maintaining a widespread manufacturing and distribution network across India and international markets.

Citi's Key Observations

🔹 Recommendation: Buy.

🔹 Target Price: ₹14,750.

🔹 Citi expects UltraTech Cement to announce additional capacity expansion beyond its ongoing capital expenditure programme.

🔹 Any fresh expansion is expected to be commissioned by FY28.

🔹 Additional investments would reinforce management's confidence in sustaining long-term growth.

🔹 Citi believes the company currently trades at an enterprise value of around US$150 per tonne, leaving scope for further upside.

Brokerage Summary

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes UltraTech Cement remains one of the strongest long-term plays in India's infrastructure and construction sector. Continued capacity expansion, disciplined execution and sustained demand growth could support the company's long-term earnings trajectory. Investors should monitor future expansion announcements and execution milestones as important catalysts.

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About IFB Agro Industries

IFB Agro Industries Limited is engaged in the manufacture of premium alcoholic beverages and processed marine products. The company also operates a modern distillery business and exports seafood products to international markets. Its diversified business model provides exposure to both the consumer and export-oriented segments.

Technical Highlights

🔹 The stock continues to trade within a rising trend channel.

🔹 Medium-to-long-term trend remains positive.

🔹 Recent breakout above short-term resistance strengthens the bullish outlook.

🔹 Immediate support is seen around ₹900.

🔹 A sustained move below ₹900 could weaken the current technical structure.

🔹 Volume behaviour indicates buying interest has supported the ongoing trend.

🔹 Overall technical assessment remains positive for the medium-to-long term.

Technical Snapshot

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes IFB Agro Industries is displaying an improving technical structure supported by an established rising trend. Investors should monitor whether the stock continues to respect its key support while maintaining strong buying momentum. Technical signals should always be evaluated alongside the company's business fundamentals before taking investment decisions.

Explore more technical research, investment ideas and market insights at Indian-Share-Tips.com, a SEBI Registered Advisory Services.

About Bajaj Finance

Bajaj Finance Limited is India's largest diversified non-banking financial company (NBFC), offering consumer finance, personal loans, SME lending, rural finance, commercial lending, deposits and wealth management services. Its technology-driven lending platform, diversified product portfolio and consistent execution have helped it become one of the country's fastest-growing financial institutions.

Q1 FY27 Business Highlights

🔹 Customer franchise increased 16.8% YoY to 124.43 million.

🔹 Bajaj Finance added 5.10 million new customers during the quarter.

🔹 New loans booked grew 20% YoY to 16.13 million.

🔹 Assets Under Management (AUM) rose 24% YoY to ₹5,46,900 crore.

🔹 AUM increased by ₹36,900 crore during Q1 FY27 alone.

🔹 Deposit book stood at ₹68,500 crore as of June 30, 2026.

Business Snapshot

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes Bajaj Finance continues to demonstrate one of the strongest growth profiles in India's NBFC sector. Sustained customer acquisition, robust AUM expansion and a growing deposit franchise strengthen its long-term business outlook. Investors should continue monitoring asset quality, profitability and funding costs in the upcoming quarterly results.

Read more research and market insights at Indian-Share-Tips.com, a SEBI Registered Advisory Services.

Industry Background

India's power transmission equipment industry is witnessing robust demand driven by renewable energy expansion, transmission corridor development and higher public sector capital expenditure. Domestic manufacturers such as GE Vernova T&D India, CG Power, Siemens India and Hitachi Energy India have benefited from strong order inflows amid capacity constraints across the sector.

Key Developments

🔹 The exemption is valid for two years.

🔹 The approval allows eligible companies to participate in PSU tenders for high-voltage transformers and Gas Insulated Switchgear (GIS).

🔹 The objective is to address temporary supply shortages until domestic production capacity increases.

🔹 Increased participation by overseas suppliers could raise competitive intensity in upcoming government tenders.

🔹 Indian manufacturers may face higher pricing pressure and lower order share in selected projects during the exemption period.

Chinese Vendors Covered

Potential Impact

🔹 Short-term competitive intensity in transformer and GIS tenders could increase.

🔹 Domestic manufacturers may experience pricing pressure in selected government projects.

🔹 Strong long-term demand from India's power infrastructure expansion continues to support the sector.

🔹 The overall impact will depend on execution capability, localisation and future government procurement policies after the exemption period.

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes the government's decision may temporarily increase competition in high-voltage electrical equipment tenders. However, India's structural investment cycle in power transmission remains strong, and investors should monitor future order inflows, margins and execution performance of domestic manufacturers before assessing the long-term impact.

Explore more market research and sector insights on Indian-Share-Tips.com, a SEBI Registered Advisory Services.

About Marico

Marico Limited is one of India's leading FMCG companies with a strong portfolio of consumer brands spanning edible oils, hair care, personal care and packaged foods. Its flagship brands include Parachute, Saffola, Livon, Set Wet and Beardo. The company also has an expanding international presence across Asia, Africa and the Middle East.

HSBC's Key Highlights

🔹 Recommendation: Accumulate.

🔹 Revised Target Price: ₹1,000.

🔹 Previous Target Price: ₹950.

🔹 HSBC highlighted a further acceleration in Marico's volume growth trajectory.

🔹 The company reported strong double-digit volume growth during the quarter.

🔹 Parachute, Marico's flagship coconut oil brand, also delivered double-digit volume growth.

🔹 Value-Added Hair Oils (VAHO) recorded revenue growth in the twenties, indicating healthy consumer demand.

🔹 HSBC expects robust operating profit growth supported by improving product mix and operating leverage.

Brokerage Summary

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes Marico continues to demonstrate healthy operational momentum through sustained volume-led growth and a strong brand portfolio. Investors should continue monitoring demand trends, margin performance and management commentary to evaluate the sustainability of this growth trajectory.

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About Angel One

Angel One Limited is one of India's leading fintech and stock broking companies, offering equity, derivatives, commodities, mutual funds and wealth management services through a technology-driven platform. The company continues to expand its digital ecosystem by adding new clients and increasing trading activity across its platforms.

June Business Highlights

🔹 Gross client acquisition stood at 0.45 million, up 8.3% month-on-month but down 17.5% year-on-year.

🔹 Total client base increased to 38.59 million, rising 1.1% month-on-month and 18.8% year-on-year.

🔹 Total orders executed reached 140.04 million, up 7.4% month-on-month and 21.8% year-on-year.

🔹 Average daily orders stood at 6.67 million, down 2.8% sequentially but up 21.8% compared with last year.

Business Snapshot

Investor Takeaway

Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes Angel One continues to strengthen its position in India's growing retail investing ecosystem. Sustained client additions, higher trading activity and increasing digital adoption remain key long-term growth drivers, although market volumes and investor participation will continue to influence quarterly performance.

Discover more market research and investment insights at Indian-Share-Tips.com, a SEBI Registered Advisory Services.