MPHASIS.NSE

Mphasis Ltd

In this briefing: Quiddity Leaderboard BSE ​​​​SENSEX Jun26: Sector Consideration Continues to Influence ADDs Choices The Indian Solar Fall: What’s Really Behind the 126% US Duty? Global Active Fund Regional Positioning: US Underweight, EM Rotation, and Europe’s Structural Bias HSIE Results Daily: ABB India Mphasis: Navigating AI-Led Deflation Via Robust TCV. Maintain ADD 1. Quiddity Leaderboard BSE ​​​​SENSEX Jun26: Sector Consideration Continues to Influence ADDs Choices BSE SENSEX represents the 30 largest stocks listed in the Bombay Stock Exchange (BSE) in India. The next rebalance for this index will take place in June 2026. We previously expected only one index change. However, there is one more name getting close to the border and our expectations for ADDs/DELs can still change. In this insight, we take a look at the Potential ADDs/DELs and we explain how sector considerations can play a role in the selection of replacement ADDs. 2. The Indian Solar Fall: What’s Really Behind the 126% US Duty?

In this briefing: The Indian Solar Fall: What’s Really Behind the 126% US Duty? Global Active Fund Regional Positioning: US Underweight, EM Rotation, and Europe’s Structural Bias HSIE Results Daily: ABB India Mphasis: Navigating AI-Led Deflation Via Robust TCV. Maintain ADD Dalmia Bharat: Healthy Demand Outlook, Expansions on Track. Maintain BUY 1. The Indian Solar Fall: What’s Really Behind the 126% US Duty? The United States government imposed a new 126% preliminary countervailing duty on solar cell imports from India to penalise alleged unfair manufacturing subsidies Despite an initial stock market crash, the actual business impact remains minimal because major Indian manufacturers strategically utilise imported non-Indian cells for US exports The long-term sector outlook remains highly robust , driven by massive domestic solar demand, supportive government policies, and expanding local integrated manufacturing capacities 2. Global Active Fund Regional Positioning: US Underweight, EM Rotation, and Europe’s Structural Bias Global portfolios remain structurally underweight the US while maintaining a persistent overweight to developed Europe.

In this briefing: Global Active Fund Regional Positioning: US Underweight, EM Rotation, and Europe’s Structural Bias HSIE Results Daily: ABB India Mphasis: Navigating AI-Led Deflation Via Robust TCV. Maintain ADD Dalmia Bharat: Healthy Demand Outlook, Expansions on Track. Maintain BUY Tata Elxsi: Core Growth Revival. Maintain ADD 1. Global Active Fund Regional Positioning: US Underweight, EM Rotation, and Europe’s Structural Bias Global portfolios remain structurally underweight the US while maintaining a persistent overweight to developed Europe. Active capital has rotated toward EM’s Big Four, led by renewed engagement in Taiwan and China. TSMC, Tencent and Alibaba sit at the centre of recent regional rotation across global portfolios. 2. HSIE Results Daily: ABB India ABB India Ltd (ABB) reported a stable quarter with revenue/EBITDA/APAT beat/(miss) of +4.0/5%/in line respectively ABB’s Q4CY25 order inflow (OI) stood at INR 40.9bn (+52%/+19.5%YoY/QoQ) and the backlog (OB) stood at INR 104.7bn as of Dec’25 (0.77x CY25 revenue) ABB plans to expand across 23 segments with a strategic focus on renewables, electronics, data centers, and grid modernization, positioning itself to benefit from an anticipated resurgence in private capex in 2026 supported by favorable policies and trade agreements such as the India-EFTA deal Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: HSIE Results Daily: ABB India Mphasis: Navigating AI-Led Deflation Via Robust TCV. Maintain ADD Dalmia Bharat: Healthy Demand Outlook, Expansions on Track. Maintain BUY Tata Elxsi: Core Growth Revival. Maintain ADD Primer: Kross (KROSS IN) - Feb 2026 1. HSIE Results Daily: ABB India ABB India Ltd (ABB) reported a stable quarter with revenue/EBITDA/APAT beat/(miss) of +4.0/5%/in line respectively ABB’s Q4CY25 order inflow (OI) stood at INR 40.9bn (+52%/+19.5%YoY/QoQ) and the backlog (OB) stood at INR 104.7bn as of Dec’25 (0.77x CY25 revenue) ABB plans to expand across 23 segments with a strategic focus on renewables, electronics, data centers, and grid modernization, positioning itself to benefit from an anticipated resurgence in private capex in 2026 supported by favorable policies and trade agreements such as the India-EFTA deal Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.