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Havells India shares are the worst performing stock on the Nifty 500 index today, following cautious management commentary post its fourth quarter results, prompting at least three brokerages from downgrading the stock.

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Manoj Kumar Agarwal, Bharat Coking Coal On CNBC-TV18:

Proportion Of Washed Coal In FY27 To Be Double That Of FY26

Total Income Is Over `15,000 Cr, Realisation Will Improve In FY27

Production Should Increase  To 37 mt In FY27

Exposed Coal Inside The Mine At Present Is More Than 10 mt

Coal Stock At The Surface Is 9 mt

FY27 Total Income Will Be  `17,000 Cr Vs `15,500 Cr In FY26

Washed Coal Production Increase  Will Improve Realisations

Realisation In FY27 Should Be `1,000/Tonne Higher Than FY26 Figure

EBIDTA In FY27 Will Be Near  `1,500 Cr Vs `785 Cr In FY26

Net Profit In FY27 Will Be  At Least 3x FY26 Profit

Disputed Money Has Been Reduced, We Are Resolving With DVC, NTPC

`161 Cr Is Currently Under Disputed Cases

GE Vernova T&D shares gained 4% on Thursday, after its parent firm GE Vernova reported strong earnings and raised its guidance across the board.

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The stock is currently down 2.5%.

Tech Mah Q4:

Net Profit At Rs 1,353.8 Cr Vs CNBC-TV18 Poll Of Rs 1,504 Cr

Rs Revenue At Rs 15,076 Cr Vs CNBC-TV18 Poll Of Rs 14,804 Cr

$ Revenue At $1,625 m Vs CNBC-TV18 Poll Of $1,624 m

EBIT At Rs 2,084 Cr Vs CNBC-TV18 Poll Of Rs 2,035 Cr

Margin At 13.8% Vs CNBC-TV18 Poll Of 13.70%

CC Revenue Growth At 0.6% Vs CNBC-TV18 Poll Of 0.5% QOQ

New Deal Wins TCV $1,073 m, Up 34.5% YoY & Down 2.1% QoQ

Net Profit up 21%At Rs 1,358.8 Cr Vs Rs 1,122 Cr (QoQ)

Rs Revenue up 4.7% At Rs 15,076 Cr Vs Rs 14,393 Cr (QoQ)

$ Revenue up 0.93% At $1,625 m Vs $1,610 m (QoQ)

EBIT up 10.2% At Rs 2,084 Cr Vs Rs 1,891.6 Cr (QoQ)

Margin At 13.8% Vs 13.10% (QoQ)

Infosys shares are currently down 1.2%.

The company is set to report its fourth quarter earnings today.

GE Vernova T&D shares rise over 4% after parent co raises CY26 guidance across all segments & metrics

The stock is down 0.5% at the moment.

Trent Q4

Board Approves Bonus Issue In The Ratio Of 1:2

Board Approves Fund Raise Of Up To `2,500 Cr Via Rights Issue

Net Profit At `413 Cr Vs CNBC-TV18 Poll Of `375 Cr

Revenue At `5,028 Cr Vs CNBC-TV18 Poll Of `5,060 Cr

EBITDA At `927.8 Cr Vs CNBC-TV18 Poll Of `848 Cr

Margin At 18.5% Vs CNBC-TV18 Poll Of 16.8%

Net Profit (GU)32.5% At `413 Cr Vs `311.6 Cr (YoY)

Revenue (GU)19.2% At `5,028 Cr Vs `4,216.9 Cr (YoY)

EBITDA (GU)42.3% At `927.8 Cr Vs `652 Cr (YoY)

Margin At 18.50% Vs 15.50% (YoY)

The stock is currently down 4.3%, reacting to their fourth quarter results.

Bharat Coking Coal shares are currently down over 3%, reacting to their weak set of earnings.

CLSA on Havells:

Outperform, Target Price: Rs 1535

Reported weak 4Q results, with Ebitda declining 6% YoY, below estimate

Revenue was up just 2% YoY, with cables & wires (higher commodity prices) and renewables (solar) the positive surprise.

Unseasonal rains, slow onset of summer and pre-buying have impacted cooling products, but the low base and a harsher summer augur well for 1Q27 growth

Believe consensus upgrades remain key to a rerating.

Nomura on SBI Life:

Buy, Target Price Rs 2,440

Tough year, but managed well

Aims to deliver 14% y-y APE growth in near term

Healthy delivery on operating variance – far ahead of peers; best-in-class ROEVs

No communication on matter of “open architecture” for parent bank

Stable performance through disrupted times deserves premium valuation

HSBC on Trent

Buy, Target Price Rs 4830

Beat on EBITDA (15% to consensus) driven by higher gross margins; LFL was low-single digits for fashion concepts

Fund raise of INR25bn announced; await granularity, but Star business expansion is monitorable

Key downside risk: a larger negative impact on store productivity than expect, especially from competition, which could drive further multiple compression.

Jefferies has an ‘Underperform’ rating on Tech Mahindra, and a target of ₹1,225. It said revenues and margins were largely in line with estimates, but profit missed expectations due to forex losses.

The brokerage expects strong deal wins, an improving outlook in the communications vertical, and margin expansion to drive 3.6% and 13% CAGRs in constant currency revenue and EPS, respectively, over FY26-29.

Jefferies has raised its EPS estimates by 2-3%, factoring in rupee depreciation. It believes Tech Mahindra’s 16% valuation premium to Infosys limits upside potential.

LTTS did not provide formal guidance for FY27 but said it expects to grow faster than the industry.

The company has also outlined its five-year Lakshya 31 plan, targeting a 13-15% CAGR over the next five years, with EBIT margins in the range of 16-17%.

LTTS shares may decline today after a weak revenue performance. Constant currency revenue fell 1.1% QoQ and was flat YoY, up just 0.1%. EBITDA margin stood at 15.2%, up 40 bps QoQ. The company has divested its SWC business, making results not strictly comparable.

Bharat Coking Coal shares are set to react to their weak set of earnings today.

It reported a 15% decline in revenue, and an EBITDA loss of Rs 355 crore compared to a profit of Rs 62 crore in the previous year.

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Trent shares will react to their fourth quarter earnings today.

The company reported a strong operational performance, with margins and profitability beating Street expectations.

Its revenue came in at Rs 5,028 crore, which was slightly below estimates of Rs 5,060 crore. Its profitability was stronger than estimates, with EBITDA surging to Rs 927 crore above CNBC-TV18 poll of Rs 848 crore. Its EBITDA margins expanded to 18.4% from estimates of 16.8%.

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