{"columns":["reportType","reportName","reportId","reportDate","reportTitle","pdfFileName","description","bulletpoint1","bulletpoint2"],"total":52,"offset":0,"limit":52,"data":[{"reportType":"Sector","reportName":"Industry Update","reportId":"2182","reportDate":"2025-12-11T00:00:00","reportTitle":"Hotels - Healthy 1HFY26 performance with a strong 2H outlook","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/12122025/Sector/2182.pdf","description":"Strong growth expected in Indian hotel sector.","bulletpoint1":"The Indian hotel industry witnessed a healthy performance in 1HFY26, and we expect 2HFY26 to be even better, led by renovated rooms (higher ARR), a YoY increase in MICE events, sustained travel trends, and improving infrastructure (e.g. the new airport).","bulletpoint2":"Our channel checks indicate that Oct'25 was a steady month due to multiple festivals, which paved the way for a strong Nov'25 (mid-to-high teens RevPAR growth YoY)."},{"reportType":"Sector","reportName":"Industry Update","reportId":"2015","reportDate":"2025-12-10T00:00:00","reportTitle":"Healthcare - Regulation + Staff Shortages + Rising Costs → Outsourcing ","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/11122025/Sector/2015.pdf","description":"Healthcare BPO poised for significant growth.","bulletpoint1":"The healthcare BPO industry is poised for significant growth driven by rising operational costs, staff shortages, and regulatory complexities.","bulletpoint2":"Key players like Sagility, IKS, and Indegene are well-positioned to capitalize on this trend through strategic acquisitions and technology-enabled solutions."},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1850","reportDate":"2025-12-09T00:00:00","reportTitle":"Cholamandalam Investment & Finance Company Ltd","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/10122025/Company/1850.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1849","reportDate":"2025-12-09T00:00:00","reportTitle":"RBL Bank ","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/10122025/Company/1849.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1758","reportDate":"2025-12-09T00:00:00","reportTitle":"Corner Office - Demand outlook improving; asset quality a key monitorable","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/10122025/Company/1758.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1619","reportDate":"2025-12-09T00:00:00","reportTitle":"Biocon Ltd","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/09122025/Company/1619.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1422","reportDate":"2025-12-05T00:00:00","reportTitle":"Tata Consultancy Services Ltd","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/05122025/Company/1422.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Sector","reportName":"TechKnow","reportId":"1323","reportDate":"2025-11-27T00:00:00","reportTitle":"Financials - NBFC","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/04122025/Sector/1323.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1190","reportDate":"2025-12-03T00:00:00","reportTitle":"Tube Investments of India Ltd","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/03122025/Company/1190.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"1163","reportDate":"2025-12-03T00:00:00","reportTitle":"Shriram Finance Ltd","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/03122025/Company/1163.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Thematic","reportName":"Wealth Creation Study","reportId":"1161","reportDate":"2025-12-03T00:00:00","reportTitle":"Wealth Creation study ","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/03122025/Thematic/1161.pdf","description":"Gold prices hit new highs amid rate cut expectations.","bulletpoint1":"Gold prices have surged to new highs amidst rising expectations of a US interest rate cut.","bulletpoint2":"Governor Powell has announced two 25bps cuts this year, with a growing possibility for a third cut in December."},{"reportType":"Expert-Opinion","reportName":"Corner Office","reportId":"958","reportDate":"2025-12-03T00:00:00","reportTitle":"Hindustan Petroleum Corporation Ltd ","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/03122025/Company/958.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Sector","reportName":"Industry Update","reportId":"728","reportDate":"2025-11-28T00:00:00","reportTitle":"Industry Update ","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/02122025/Sector/728.pdf","description":"Strong growth in capital goods sector driven by capex.","bulletpoint1":"The capital goods sector showed strong performance in 2QFY26 with notable revenue growth and stable margins.","bulletpoint2":"Key companies like L&T, KKC, and Siemens Energy in the large-cap industrial space, and KOEL and KPIL in the mid- and small-cap segments, delivered strong results."},{"reportType":"Economy","reportName":"EcoScope","reportId":"661","reportDate":"2025-11-30T00:00:00","reportTitle":"Ecoscope title","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/02122025/Thematic/661.pdf","description":"RBI maintains repo rate at 5.5%, cautious on future cuts due to stable growth.","bulletpoint1":"RBI's MPC decided to keep the benchmark repo rate unchanged at 5.5%.","bulletpoint2":"Headline inflation has dropped sharply, aided by declining food prices, but core inflation remains sticky."},{"reportType":"Thematic","reportName":"Wealth Creation Study","reportId":"430","reportDate":"2024-12-29T00:00:00","reportTitle":"Wealth Creation study","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/01122025/Thematic/430.pdf","description":"In-depth analysis of strategic shifts and challenges.","bulletpoint1":"The report provides an in-depth analysis of the challenges and strategic shifts undertaken by Mahindra & Mahindra, CG Power, Suzlon Energy, Jindal Steel & Power, and Bharti Airtel over the past five years.","bulletpoint2":"It highlights the external and internal factors that impacted their performance and the measures taken to overcome these challenges, leading to significant financial turnarounds."},{"reportType":"Sector","reportName":"Industry Update","reportId":"202","reportDate":"2025-12-27T00:00:00","reportTitle":"Financials: Banks 27 November 2025","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/01122025/Sector/202.pdf","description":"","bulletpoint1":"","bulletpoint2":""},{"reportType":"Economy","reportName":"EcoScope","reportId":"201","reportDate":"2025-11-28T00:00:00","reportTitle":"28 November 2025  ECOSCOPE  The Economy Observer","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/01122025/Thematic/201.pdf","description":"India's GDP growth driven by BFSI, real estate, and consumption sectors.","bulletpoint1":"India's real GDP growth in 2QFY26 was 8.2% YoY, with nominal GDP at 8.7% YoY.","bulletpoint2":"Growth attributed to low GDP deflator of 0.5% YoY."},{"reportType":"Economy","reportName":"EcoScope","reportId":"200","reportDate":"2025-11-25T00:00:00","reportTitle":"ECOSCOPE  The Economy Observer ","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/01122025/Thematic/200.pdf","description":"India's new labor codes aim to boost formalization and productivity despite higher business costs.","bulletpoint1":"India implemented four Labor Codes, replacing 29 legacy labor laws.","bulletpoint2":"Reforms include Codes on Wages, Industrial Relations, Social Security, and Occupational Safety, Health and Working Conditions."},{"reportType":"Sector","reportName":"Industry Update","reportId":"127","reportDate":"2025-10-31T00:00:00","reportTitle":"Telecom - Home broadband (HBB) - the biggest growth driver for Bharti and RJio","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/127.pdf","description":"Exponential growth in India's home broadband market.","bulletpoint1":"India's home broadband market has seen exponential growth since the launch of affordable services by RJio in Sep'19.","bulletpoint2":"The subscriber base has tripled to over 56 million as of Sep'25, driven by hybrid working models, OTT streaming, and connected TVs."},{"reportType":"Sector","reportName":"Industry Update","reportId":"123","reportDate":"2025-10-30T00:00:00","reportTitle":"Automobiles - CVs and 2Ws see revival in 2Q, PV demand remains weak","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/123.pdf","description":"Automobile sector shows promising growth trends.","bulletpoint1":"The automobile sector is experiencing a revival driven by multiple factors including GST rate rationalization, demand recovery in CVs and 2Ws, and strong performance by key players like TVS, MM, and Toyota.","bulletpoint2":"Despite a weak 1Q, the sector shows promising growth trends across various segments."},{"reportType":"Sector","reportName":"Industry Update","reportId":"122","reportDate":"2025-10-29T00:00:00","reportTitle":"Consumer - Festive checks - Robust demand for jewelry; FMCG and paints see mixed trends","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/122.pdf","description":"Robust demand in jewelry, mixed FMCG trends.","bulletpoint1":"The report highlights robust demand for jewelry during the festive season despite high gold prices.","bulletpoint2":"Mixed trends in FMCG and paints sectors."},{"reportType":"Sector","reportName":"Industry Update","reportId":"121","reportDate":"2025-10-29T00:00:00","reportTitle":"Technology - IT Services: Holding ground; awaiting revival","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/121.pdf","description":"Cautious outlook for tech sector amid macroeconomic uncertainty.","bulletpoint1":"The report provides a cautious outlook for the technology sector, highlighting tempered expectations for FY26 amid an uncertain macroeconomic backdrop.","bulletpoint2":"It discusses the impact of discretionary spending recovery, potential risks to growth estimates, and the performance of large-cap and mid-tier IT companies."},{"reportType":"Sector","reportName":"Industry Update","reportId":"116","reportDate":"2025-10-16T00:00:00","reportTitle":"Cement - Demand remains tepid; complete GST benefit pass-through","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/116.pdf","description":"Cement prices decline amid festive season.","bulletpoint1":"The all-India average cement price inched lower by 1% MTD in Oct'25.","bulletpoint2":"Cement prices declined by INR26-29/bag as of Sep'25 end following the pass-through of the GST rate cuts."},{"reportType":"Sector","reportName":"Industry Update","reportId":"112","reportDate":"2025-10-14T00:00:00","reportTitle":"Retail - Festive demand & GST impact: Muted start to the festive season","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/112.pdf","description":"Retail sector shows mixed performance amid challenges.","bulletpoint1":"The retail sector experienced a mixed performance with apparel showing momentum, while footwear demand remained subdued.","bulletpoint2":"Heavy rains and cannibalization from multiple store openings impacted sales."},{"reportType":"Sector","reportName":"Industry Update","reportId":"111","reportDate":"2025-10-09T00:00:00","reportTitle":"Banks - PSBs reporting more resilient loan yield; deposit repricing gaining pace","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/111.pdf","description":"Top banks poised for growth.","bulletpoint1":"The report highlights the decline in WALR on fresh and outstanding loans, the impact of repo rate cuts, and the expected recovery in NIMs and credit growth in the banking sector.","bulletpoint2":"It also emphasizes the preference for ICICI Bank, HDFC Bank, SBI, and AU Bank due to their strong balance sheets and growth prospects."},{"reportType":"Sector","reportName":"Industry Update","reportId":"109","reportDate":"2025-10-03T00:00:00","reportTitle":"NBFCs - Demand trends soft, except in gold; asset quality stays weak","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/109.pdf","description":"Mixed trends in NBFC sector with growth and challenges.","bulletpoint1":"Gold lenders and diversified financiers show strong growth.","bulletpoint2":"MFIs and vehicle financiers face challenges."},{"reportType":"Sector","reportName":"Industry Update","reportId":"107","reportDate":"2025-09-15T00:00:00","reportTitle":"Oil & Gas - Beyond barrels: Seismic shifts in the O&G landscape!","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/29112025/Sector/107.pdf","description":"Top investment picks in oil and gas sector.","bulletpoint1":"The oil and gas sector is experiencing significant structural shifts, with weakening Chinese demand, strong supply growth, and emerging markets driving future demand.","bulletpoint2":"Key players like HPCL, MAHGL, and PLNG are highlighted as preferred investments due to their strategic positions and potential for margin expansion."},{"reportType":"Sector","reportName":"Industry Update","reportId":"100","reportDate":"2025-08-06T00:00:00","reportTitle":"Expert Speak - WTG localization: market share, margin shifts key catalysts","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/100.pdf","description":"Suzlon poised for growth in wind energy sector.","bulletpoint1":"Expert session with Mr. Ajay Devaraj on local content implementation in WTG manufacturing.","bulletpoint2":"Foreign players may increase localization efforts."},{"reportType":"Sector","reportName":"Industry Update","reportId":"97","reportDate":"2025-10-24T00:00:00","reportTitle":"Consumer - Singapore roadshow - Rising investor optimism in Indian consumer stocks","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/97.pdf","description":"Consumer sector shows mixed trends with key stock picks.","bulletpoint1":"The report highlights the uneven consumption trends in the consumer sector, with liquor and jewelry companies expected to outperform due to better growth and profitability margins.","bulletpoint2":"Staple companies are facing challenges due to GST 2.0 and trade transitions, impacting primary growth."},{"reportType":"Sector","reportName":"Industry Update","reportId":"96","reportDate":"2025-10-23T00:00:00","reportTitle":"Automobiles - Asia roadshow takeaways: Cautious optimism","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/96.pdf","description":"Positive shift in investor sentiment post-GST rate cuts.","bulletpoint1":"The Indian automobile sector has seen a positive shift in investor sentiment following GST rate cuts.","bulletpoint2":"Key concerns include the sustainability of demand post-festive season and the impact of tariff uncertainties on auto ancillaries."},{"reportType":"Sector","reportName":"Industry Update","reportId":"95","reportDate":"2025-10-07T00:00:00","reportTitle":"Banks - RBI releases draft guidelines for ECL transition and revised risk weight for MSME and Retail","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/95.pdf","description":"RBI's new guidelines to boost credit growth.","bulletpoint1":"The RBI has issued draft guidelines for the transition to the expected credit loss (ECL) framework and revised risk weights for MSME and retail segments.","bulletpoint2":"The new guidelines aim to enhance risk sensitivity and align with Basel III standards."},{"reportType":"Sector","reportName":"Industry Update","reportId":"94","reportDate":"2025-10-04T00:00:00","reportTitle":"Automobiles - CVs and 2Ws see demand revival in Q2","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/94.pdf","description":"Automobile sector shows signs of recovery with demand revival.","bulletpoint1":"The automobile sector is showing signs of recovery with a notable demand revival in commercial vehicles (CVs) and two-wheelers (2Ws) in Q2 FY26.","bulletpoint2":"Original Equipment Manufacturers (OEMs) are expected to outperform auto ancillaries."},{"reportType":"Sector","reportName":"Industry Update","reportId":"93","reportDate":"2025-10-02T00:00:00","reportTitle":"Banks - RBI announces a slew of positive regulatory measures","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/93.pdf","description":"RBI's measures boost banking sector resilience.","bulletpoint1":"The RBI has announced a coherent package of regulatory and developmental measures aimed at strengthening banks' resilience, improving the flow of credit, and simplifying the operating environment for regulated entities.","bulletpoint2":"The measures include the shift to an expected credit loss (ECL) provisioning framework, pragmatic updates to the Basel-3 standardized approach with calibrated easing of risk-weights for select segments, removal of proposed restriction on the overlap of group businesses, liberalization of capital-market lending limits, and introduction of risk-based deposit insurance premium."},{"reportType":"Sector","reportName":"Industry Update","reportId":"92","reportDate":"2025-10-02T00:00:00","reportTitle":"Automobiles - Encouraging start to the festive season","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/92.pdf","description":"Auto sector sees significant tax relief and demand boost.","bulletpoint1":"The GST Council has provided a significant boost to the auto sector by reducing tax rates on most auto segments.","bulletpoint2":"This, along with favorable interest rates and income tax benefits, is expected to drive demand and sector re-rating."},{"reportType":"Sector","reportName":"Industry Update","reportId":"91","reportDate":"2025-10-01T00:00:00","reportTitle":"Banks - Headwinds persist; earnings to recover in 2HFY26","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/91.pdf","description":"Financial sector poised for recovery with growth in 2HFY26.","bulletpoint1":"The financial sector is expected to see modest growth in 2QFY26, with private banks' earnings declining by 7.3% YoY and PSU banks' earnings falling by 7.1% YoY.","bulletpoint2":"Credit growth is estimated at 11% YoY for FY26E, while deposit growth remains stable at 9.8% YoY."},{"reportType":"Sector","reportName":"Industry Update","reportId":"90","reportDate":"2025-09-30T00:00:00","reportTitle":"Technology - Indian IT: Navigating headwinds","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/90.pdf","description":"Muted growth expected in Indian IT sector.","bulletpoint1":"The report provides a preview of the Indian IT sector's performance for 2QFY26, highlighting expected muted growth due to macroeconomic and tariff uncertainties.","bulletpoint2":"Large-cap companies are expected to show minimal QoQ growth, while mid-caps may outperform."},{"reportType":"Sector","reportName":"Industry Update","reportId":"89","reportDate":"2025-09-29T00:00:00","reportTitle":"NBFC - Insights from Ground Zero: Hyderabad","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/89.pdf","description":"Key insights from NBFC sector in Hyderabad.","bulletpoint1":"This report provides insights from our field visits and interactions with various NBFCs in Hyderabad, covering sectors like vehicle finance, gold finance, affordable housing finance, and microfinance.","bulletpoint2":"Key observations include the impact of GST rate cuts on vehicle sales, robust demand in gold finance, resilient demand in affordable housing despite higher EMI bounces, and a slower-than-expected recovery in the microfinance sector."},{"reportType":"Sector","reportName":"Industry Update","reportId":"88","reportDate":"2025-09-25T00:00:00","reportTitle":"Technology - Accenture 4QFY25 result read-through: Status quo","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/88.pdf","description":"GenAI deal wins and IT sector outlook.","bulletpoint1":"The report highlights the significant growth in GenAI deal wins, which have tripled over eight quarters to USD1.8 billion.","bulletpoint2":"Accenture's 4QFY25 results show a slight improvement in demand, with a revenue growth of 1.5% YoY in constant currency terms."},{"reportType":"Sector","reportName":"Industry Update","reportId":"87","reportDate":"2025-09-25T00:00:00","reportTitle":"Financials - Microfinance reset: Industry poised for a 2HFY26 revival","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/87.pdf","description":"Microfinance sector poised for gradual recovery.","bulletpoint1":"The Microfinance (MFI) industry is experiencing a directional improvement, though the pace of recovery is slower than initially anticipated.","bulletpoint2":"Several lenders had forecasted a complete recovery by the end of the second quarter (2QFY26), with a return to normalcy in the second half of the year."},{"reportType":"Sector","reportName":"Industry Update","reportId":"86","reportDate":"2025-09-24T00:00:00","reportTitle":"Financial - PSU Banks: Resetting to a new normal in profitability","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/86.pdf","description":"Public sector banks show strong growth and profitability.","bulletpoint1":"Public Sector Banks (PSBs) have undergone a significant transformation, achieving a sustainable RoA of ~1.1% in FY25.","bulletpoint2":"This turnaround is driven by improved underwriting, cost control, and robust recoveries."},{"reportType":"Sector","reportName":"Industry Update","reportId":"85","reportDate":"2025-09-21T00:00:00","reportTitle":"Technology - Trump's executive order on H-1B fees","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/85.pdf","description":"Tech sector faces major shifts due to GenAI.","bulletpoint1":"The technology sector is facing significant changes due to productivity gains driven by GenAI, impacting software development and maintenance.","bulletpoint2":"Mid-tier companies are experiencing a slowdown in growth rates."},{"reportType":"Sector","reportName":"Industry Update","reportId":"84","reportDate":"2025-09-19T00:00:00","reportTitle":"Technology - GenAI and IT Services: The waiting game","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/84.pdf","description":"AI drives tech sector efficiency and valuation shifts.","bulletpoint1":"The technology sector is experiencing significant changes due to the rise of GenAI, which is driving efficiency in software development and maintenance.","bulletpoint2":"Mid-tier companies are feeling the pinch of a weak demand environment, while capital-intensive firms are being rewarded with higher valuations."},{"reportType":"Sector","reportName":"Industry Update","reportId":"83","reportDate":"2025-09-17T00:00:00","reportTitle":"Automobiles - Back in the reckoning","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/83.pdf","description":"Auto sector poised for festive revival.","bulletpoint1":"The automobile sector experienced a decline in key segments during Q1 FY26.","bulletpoint2":"Notable performances from TVS in 2W and MM and Toyota in PV."},{"reportType":"Sector","reportName":"Industry Update","reportId":"82","reportDate":"2025-09-16T00:00:00","reportTitle":"Consumer : Channel checks - Proactive moves by FMCG players","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/82.pdf","description":"FMCG companies gear up for GST 2.0 transition.","bulletpoint1":"Motilal Oswal Financial Services' report on GST 2.0 highlights proactive measures by FMCG companies to ensure smooth transition and boost consumption.","bulletpoint2":"Companies like HUL, P&G, and Colgate are offering trade schemes to distributors and retailers to encourage stocking ahead of the GST rate cut effective from 22nd September."},{"reportType":"Sector","reportName":"Industry Update","reportId":"81","reportDate":"2025-09-16T00:00:00","reportTitle":"Retail - Apparel and Footwear channel checks","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/81.pdf","description":"Retail sector shows mixed performance with recovery expected.","bulletpoint1":"The retail sector is experiencing mixed performance with apparel showing momentum, while footwear remains subdued.","bulletpoint2":"Heavy rains and sales cannibalization have impacted footfalls, but GST cuts and the festive season are expected to drive recovery."},{"reportType":"Sector","reportName":"Industry Update","reportId":"80","reportDate":"2025-09-16T00:00:00","reportTitle":"Banks - MOFSL BFSI picks 3.0: Earnings rebound and reasonable valuations to drive sector performance","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/80.pdf","description":"Top financial stocks to watch now.","bulletpoint1":"Motilal Oswal Financial Services (MOFSL) provides a sector update on financials, focusing on banks.","bulletpoint2":"The report highlights a balanced view on BFSI stocks, with a preference for large-cap banks due to their strong balance sheets and healthy growth prospects."},{"reportType":"Sector","reportName":"Industry Update","reportId":"79","reportDate":"2025-09-15T00:00:00","reportTitle":"Banks - Earnings downgrade picking up pace but recovery in sight!","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/79.pdf","description":"Banking sector faces earnings pressure but shows signs of stabilization.","bulletpoint1":"The financial sector, particularly banks, is experiencing a downturn in earnings due to margin pressure, weak loan growth, and high credit costs.","bulletpoint2":"Signs of stabilization are emerging with deposit repricing and CRR cuts expected to improve liquidity."},{"reportType":"Sector","reportName":"Industry Update","reportId":"78","reportDate":"2025-09-08T00:00:00","reportTitle":"Financials-Bank : Weak quarter ahead but light at the end of the tunnel","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/78.pdf","description":"Banking sector poised for recovery in 2H FY26.","bulletpoint1":"The banking sector is expected to witness a bottom quarter in terms of NIMs and asset quality, while the loan growth outlook remains modest.","bulletpoint2":"NIMs are expected to bottom out in 2Q, with a gradual improvement expected to be visible from 2H onwards."},{"reportType":"Sector","reportName":"Industry Update","reportId":"77","reportDate":"2025-09-08T00:00:00","reportTitle":"Consumer - GST 2.0 – Odds are favoring consumption boost","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/77.pdf","description":"GST rate cuts to boost consumption and volume growth.","bulletpoint1":"The GST Council has approved a rate rationalization, shifting from the current four-tier structure to a streamlined two-rate system.","bulletpoint2":"Key staples subcategories have seen their GST rates reduce from 12%/18% to 5%."},{"reportType":"Sector","reportName":"Industry Update","reportId":"76","reportDate":"2025-09-04T00:00:00","reportTitle":"Retail - GST 2.0 could spur broad-based consumption revival","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/76.pdf","description":"GST rate cuts to boost retail sector.","bulletpoint1":"The GST Council has approved a streamlined two-slab GST structure of 5% and 18%, with a 40% rate retained for sin and luxury goods, effective 22nd Sep'25.","bulletpoint2":"The rationalization of GST rates could lead to a broad-based reduction in prices, potentially spurring consumption, especially in the mass and mid-premium categories."},{"reportType":"Sector","reportName":"Industry Update","reportId":"75","reportDate":"2025-09-04T00:00:00","reportTitle":"Automobiles - GST 2.0 announced largely on expected lines","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/75.pdf","description":"Automobile sector faces challenging Q1 with cautious outlook.","bulletpoint1":"The automobile sector faced a challenging Q1 FY26 with volume declines across key segments.","bulletpoint2":"TVS outperformed in 2Ws, while MM and Toyota led in PVs."},{"reportType":"Sector","reportName":"Industry Update","reportId":"72","reportDate":"2025-08-22T00:00:00","reportTitle":"Cement - Stable cement prices and imminent GST cut drive sector momentum","pdfFileName":"https://d3dcs14qkauvac.cloudfront.net/ResearchReport/28112025/Sector/72.pdf","description":"Cement prices stable despite weak demand.","bulletpoint1":"The all-India average cement price remained flat MoM in Aug'25 despite weak demand due to seasonality.","bulletpoint2":"Historically, cement prices typically declined ~1-3% MoM in August, but this year, industry players are balancing volumes and profitability."}],":type":"sheet"}