HAVELLS.NSE

Havells India Ltd.

Shares of companies such as Sterlite Technologies, HFCL Ltd, RR Kabel Ltd, Polycab India Ltd and Havells India Ltd were up 3–3.3% intraday on Tuesday as investors priced in potential gains from lower tariff barriers and stronger demand from US data centre and telecom infrastructure projects.

In this briefing: Aequitas: Amagi Media Labs IPO Trading - Healthy Demand with Decent Anchor Aequitas: Imagine Marketing Pre-IPO - The Proof Is Not Yet in the Financials Consumer Discretionary (Q3FY26 Results Preview): Q3FY26 – a mixed bag HSIE Results Daily: LTIMindtree, Tata Capital, Havells India, L&T Finance, JK Cement, Can Fin Homes Metals (Q3FY26 Results Preview): Robust volume growth, prices firming up 1. Aequitas: Amagi Media Labs IPO Trading - Healthy Demand with Decent Anchor Amagi Media Labs (1232899D IN) raised around US$189m in its India IPO. AML provides cloud-native software infrastructure for content owners, broadcasters, and streaming platforms. AML enables its clients to manage, distribute, and monetize live, linear, and on-demand content seamlessly across traditional TV, Over-The-Top (OTT), and Free Ad-Supported Streaming TV (FAST) platforms. We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.

In this briefing: Pre-IPO Sirius Therapeutics - The Pipeline and the Concerns Behind Consumer Discretionary (Q3FY26 Results Preview): Q3FY26 – a mixed bag Zylox Tonbridge (2190 HK): Optimed Acquisition Is a Positive Step Forward Towards Future Growth HSIE Results Daily: LTIMindtree, Tata Capital, Havells India, L&T Finance, JK Cement, Can Fin Homes Metals (Q3FY26 Results Preview): Robust volume growth, prices firming up 1. Pre-IPO Sirius Therapeutics - The Pipeline and the Concerns Behind Both SRSD107 and SRSD216 have the potential to become a blockbuster. However, the major risks lie in R&D failure as well as uncertainties in future commercialization performance as analyzed. Given that the pipeline is in R&D stage, Sirius’ valuation should not be aggressively calculated based on peak sales, but on clinical data and in-depth advancement of cooperation with CRISPR. Since Sirius has no commercialized products, and the potential and breadth of PEPR platform have not yet been verified through large-scale clinical trials/commercial sales, valuation could be similar to Sirnaomics. 2.

In this briefing: Consumer Discretionary (Q3FY26 Results Preview): Q3FY26 – a mixed bag HSIE Results Daily: LTIMindtree, Tata Capital, Havells India, L&T Finance, JK Cement, Can Fin Homes Metals (Q3FY26 Results Preview): Robust volume growth, prices firming up Pre Union Budget Expectations 2026-27 JK Cement Ltd - Strong Volume Growth; Operational Performance Better Than Expected 1. Consumer Discretionary (Q3FY26 Results Preview): Q3FY26 – a mixed bag Our consumer discretionary coverage universe (ex-Eternal) is expected to deliver ~20% YoY revenue growth in Q3 The growth primarily stems from jewelry (gold price-led) and new-age businesses (customer acquisition push) In other sectors, demand continues to remain subdued Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below. 2. HSIE Results Daily: LTIMindtree, Tata Capital, Havells India, L&T Finance, JK Cement, Can Fin Homes LTIMindtree: LTIMindtree (LTIM) reported a solid Q3 performance, with revenue growth of +2.4% QoQ CC (ahead of estimates) and EBIT margins of 16.1% (+26bps QoQ, in line), supported by robust momentum in manufacturing (+9.4% QoQ) and healthcare (+9.9% QoQ) The company secured a strong TCV of USD 1.7 bn (+6.4% QoQ), driven by a USD 155 mn, five‑year deal with a leading US insurer and a strategic selection as one of five key service partners for a global financial institution The BFSI segment declined 0.7% QoQ, impacted by seasonality and proactive AI‑led productivity initiatives within top clients, which management expects to bottom out in Q4 Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.