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Uno Minda On CNBC-TV18:

Both US & EU Trade Agreements Open Up A Lot Of Export Opportunities For Us

We Are In Discussion With Some Of Our Customers

Expect Premiumisation To Continue Going Ahead

Have Been Focussing On Product And Capacity Enhancement

Hitachi Energy On CNBC-TV18:

Maintaining Double-digit Operational EBITDA Guidance

70% Of Our Orders Is On Flexible Pricing, so Will Be Able To Manage The Runaway Commodity Inflation

Chinese Competition Is A Risk, But We Hear Only Cos With Mfg In India May Be Allowed In & Not Direct Imports

Data Center Is A Big Opportunity, Especially AI-ready Data Centers

The stock is currently up nearly 14%.

Net profit surged 90.3% year-on-year to ₹261.4 crore, while revenue rose 28.5% to ₹2,082.2 crore. EBITDA more than doubled to ₹345.3 crore, lifting margins to 16.6% from 10.3% a year ago.

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Shares of NCC Ltd. declined on Friday, February 6, after the company’s management declined to provide even qualitative guidance for the second half of FY26 due to execution headwinds. An update is expected only by March 2026.

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The stock is currently up 4.5%.

Nomura has upgraded Nykaa to a “buy” rating from its earlier rating of “hold” and raised its price target to ₹305 from ₹261 earlier. The revised price target implies a potential upside of 18% from Thursday’s closing levels.

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The stock was down 5.56% in early trade.

The company’s management cut its full year revenue guidance.

In an interaction with CNBC-TV18, Jairam Sampath, CFO of Kaynes Technology said that the full year revenue guidance has been cut to ₹4,100 crore from ₹4,400 crore earlier. The company has maintained its EBITDA margin guidance of 16% for the full year.

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Jefferies On Bharti Airtel:

Buy Call, Target Price At Rs 2,575/Sh

Q3 Results Broadly In-line With Est

Subscriber Additions Strong In India Mobile And Home Broadband

Africa Biz Continues To Deliver Robust Growth

India Margin Expanded With Strong Operating Leverage

FCF Generation Remains A Key Highlight, FY26–28 Estimates Raised 1–4%

India Revenue/EBITDA CAGR Seen At 17%/18%

FCF CAGR Projected At 24%, Supporting Rising RoCE

Nomura On Uno Minda:

Buy Call, Target Price At Rs 1,513/Sh

Q3 EBITDA Ahead Of Estimates

Premiumisation & Ramp-up Of New Businesses To Sustain Strong Momentum

The Stock Trades At 36x FY28F EPS Of `34, Which We Believe Is Attractive Given A Strong 28% EPS CAGR Over FY25–28

JPM On LIC:

Overweight Call, Target Price At Rs 1,200/Sh

For Q3FY26, Co Reported Strong Q3 APE Growth Of 51% YoY Along With VNB Growth Of 65% YoY Despite GST Headwinds VNB Margin Improved By 1.8% YoY To 21.2%

We Expect Improving Topline Growth Along With Margin Expansion-driven VNB Growth To Result In Stronger Stock Price Performance

Jairam Sampath, CFO, Kaynes Tech To CNBC-TV18

Rev Guidance For Q4 At `1,700 Cr & FY26 Rev Guidance Cut To Rs 4,100 Cr

Business Poised Is At Its Best At This Point Of Time

Stick To FY26 EBITDA Margin Level Of 16%

Confident Of Achieving Revenue Growth Of Rs 1,700 Cr In Q4

Close To Operating Cash Flow Positive On Standalone Basis

By The End Of FY26, Will Turn Cash Flow Positive On Consolidated Basis

Stick To FY28 Sales Target Of $1 Bn

Nomura on Apollo Tyres:

Neutral, Target Price Rs 543

3Q in line; CV recovery to sustain healthy growth

High capex to hit FCF generation

Growth revival drives capex upcycle

Believe current valuation at 6.3x FY28F EV/EBITDA is in fair value zone

Jefferies on Kaynes Tech:

Buy, Target Price Rs 5,940

Q3 an all-round miss to JEFe

Sales/RPAT growth at +22%/+15%YoY was a sharp deceleration vs H1FY26.

Industrial sales (~55% of mix) degrew by est 5%YoY

Order book +12%QoQ to Rs91bn

OPM at 14.8% (+60bpsYoY; -150bps QoQ) missed JEFe.

Net wcapital rose to 139 days (+23 QoQ).

Net Debt rose to Rs6.6bn (Rs4.2bn in Sept25)

JPM on Kaynes Tech:

Overweight, Target Price Rs 6100

3Q missed on both revenues and margins.

Revenue grew 22% YY but came in 16%/6% below consensus/JPMe, while Ebitda margins expanded 60bps YY to 14.8% but came in 100bps/70bps below consensus/JPMe

Order book growth was healthy at 50% YY vs average of 48% in last 2 quarters.

Revenue growth was strong in Automotive (44%) while weak elsewhere – Industrial (down 4%) and Railways (down 18%)

Believe QQ Ebitda margin contraction came from a decrease in high margin ODM mix to 27% (vs 30% in 2QFY26).

Net working capital days increased to 139 days vs 116 in 1H

Two key things to watch out for on call will be

1) a potential cut to FY26 revenue guidance given 9M revenues are tracking below expectations

2) update on discounting of legacy receivables so as to bring down net working capital days.

Nomura on Nykaa:

Upgrade to Buy, Target Price Rs 305

3Q EBITDA ahead of estimates

Growth on track, margin improvement across BPC & Fashion to sustain

Structural margin levers in place

Stock trades at 4.7x FY27F EV/sales, which believe is attractive given strong 45% EBITDA CAGR & potential to sustain 25%+ growth post FY28F

CITI on Nykaa:

Sell, Target Price Rs 210

EBITDA beat expectations (+5% vs Citi) with margins at 8% (Citi: 7.6%/VA Consensus: 7.3%) on higher BPC gross margins, enabled by stellar growth in ‘House of Nykaa’ owned brands (+65% YoY).

Elevated marketing spends have delivered solid annual transacting customer growth (+4mn YoY in BPC) & BPC margins trajectory has improved in recent Qs

At >60x EV/EBITDA & >100x P/E on Sep’27E, valuations are expensive

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