CLSA on HDFC Bank
Outperform | TP Rs 1200
2Q steady with NII and core PBT in line. Deposit growth strong at 15%, loan growth up to 10% YoY. CASA ratio stable. FY25 was a year of aggressive deposit mobilisation; FY26 focus to shift to quality of deposits. NIM down 8 bps QoQ, slightly better than expected.
Nomura on RIL
Buy | TP Rs 1700
2Q slight beat on strong Retail performance. Raised FY26/27F EBITDA by 4%/12%. Reported net debt steady at Rs 1,185 bn; capex rose to Rs 400 bn. Sees three growth triggers near term – scale-up of New Energy, Jio tariff hikes, and potential Jio IPO/listing by 1H CY26.
Investors can expect decent return in following stocks in vikram samvat 2082 & can concentrate on Mahurat day 21-10-2025 Tuesday.
1) Alembic BSE code 506235 & NSE symbol alembicltd CMP Rs.101
2) Bright Brothers BSE code 526731 CMP Rs.332
As per astrology, key turning dates are 20th, 24th, 27th, 29th & 31st October 2025. FIIs covering shorts and buying in cash ahead of Bihar elections is a positive sign for bulls. FII shorts at 86%, the lowest in this series; if NDA forms the government, a sharp rally in select cash stocks may emerge.
A fresh diplomatic controversy unfolded after U.S. President Donald Trump claimed that Prime Minister Narendra Modi had assured him India would stop buying oil from Russia. Trump, while making the statement, also remarked that he did not want to “destroy Modi’s political career,” a comment that quickly drew international attention and strong responses from New Delhi.
ACME Solar Holdings Limited, a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, FDRE, and hybrid solutions, has commissioned the first phase of its 100 MW wind power project located in Surendranagar, Gujarat. With an in-house EPC and O&M division, ACME Solar delivers end-to-end renewable energy solutions, maintaining industry-leading CUF and operating margins across its 2,918 MW operational capacity.
KPI Green Energy
Received LOAs from SJVN Ltd for 200 MW (AC) solar EPC and O&M project at Khavda, Gujarat. Order value Rs 696.5 cr. Scope includes supply, erection, testing, commissioning, and 3-year O&M. Raises total Khavda portfolio above 845 MWp (DC). (Positive)
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RIL (Reliance Industries Limited)
Investec: Initiate Buy, TP ₹1,890
Broad-based earnings recovery & strong cash generation. Energy rebound, robust retail & Jio growth, subsidiary IPO potential. Trades at 18.8x FY27E P/E, 15% discount to 2018–25 avg.
Focus Lighting and Fixtures Limited has transferred 93,750 equity shares of face value ₹2 each from the FLFL Employees Welfare Trust to eligible employees following the exercise of stock options under its ESOP 2019 plan.
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