Indian equities are set for an active session today as Paras Defence & Space Technologies emerges as the top short-term buy idea, while investors track a heavy flow of Q2 earnings, bond-market signals, and currency movement.
Stock to Buy Today: Paras Defence & Space Technologies — BUY (CMP ₹766)
Paras Defence posted a strong weekly performance, rising 13% and closing with firm bullish momentum. Technical indicators suggest further upside if volumes sustain.
Key Levels
Immediate support: ₹750
Major support zone: ₹720–700
Upside target: ₹850–₹860
Buy at: ₹766
Add on dips: ₹752
Initial stop-loss: ₹715
Trail SL strategy:
Move SL to ₹775 once price hits ₹790
Move SL to ₹795 at ₹810
Move SL to ₹820 at ₹840
Exit: ₹855
Bond Market & Macro Recap (Weekly Summary)
Government Bonds
10Y yield (6.33% GS 2035) ended at 6.53%, up 4 bps WoW.
Early week buying faded as profit-booking, geopolitical tension, and auction caution pushed yields higher.
Key Drivers
RBI conducted OMO purchases worth ₹124.7 bn, offering support.
CPI (Oct) eased to 0.25% MoM, driven by food-price moderation and GST cuts.
WPI (Oct) dropped deeper into deflation at –1.21% YoY.
Liquidity
System liquidity stayed comfortably in ₹2.0–2.4 tn surplus.
Weak participation in RBI’s VRRR suggests banks prefer to hold cash.
Auctions
Strong demand in state development loans.
Gilt cut-offs slightly softer than forecasts.
INR
Rupee remained weak, ending around ₹88.74/$ due to importer demand.
Bottom Line
Bond yields may stay in a 6.48–6.55% band in the near term as supportive domestic data clashes with INR weakness and global uncertainty.
Major Q2 Results Snapshot
MRF
Net Profit: ₹5.3B (+13% YoY)
Revenue: ₹73.8B (+7%)
EBITDA Margin: 15.26%, an improvement over last year
Sonata Software
Revenue down 28.5% YoY
EBITDA up 8.2%
Margin improves to 8.1%
Apollo Tyres
Net profit falls 13.2%
Revenue rises 6.1%
EBITDA margin climbs to 14.9%
Titagarh Rail Systems
Net profit drops sharply (₹473M vs ₹850M YoY)
Revenue declines to ₹7.9B
PTC Industries
Net profit rises moderately to ₹181M
Revenue jumps significantly to ₹1.25B
Bombay Burmah Trading Corp
EBITDA improves to ₹9.34B
Margin expands to 19%
Management Insights: Key Interviews
Stanley Lifestyles (Luxury Furniture)
MD Sunil Suresh says the company is shifting into a full home-solutions brand, targeting 120 stores in the next 2–3 years.
Plans include:
Expansion into Sri Lanka & Jakarta
Targeting ₹1,000 crore revenue in three years
Q2 revenue: ₹105 crore, PAT: ₹6 crore, margin: 23.5%
IndiQube Spaces (Flexible Workspace Provider)
CEO Rishi Das highlights:
Revenue growth above 30%
Strong demand in Tier-1 cities
Q2 revenue: ₹354 crore, net profit ₹28 crore
Max Healthcare Q2
Net Profit: ₹491 crore (+74% YoY)
Revenue: ₹2,135 crore (+25% YoY)
EBITDA: ₹575 crore
Strong momentum in OPD, international patients & home-care services.
Brokerage Results Round-Up (Nirmal Bang)
Oil India — Below Expectations
Revenue: ₹5456.7 Cr
EBITDA margin: 24.3% (vs 41.8% expected)
Adj. PAT: ₹1044 Cr
Optiemus Infracom — Margins Improve
EBITDA margin rises to 8%
PAT improves to ₹16.8 Cr
Jai Balaji Industries — Sharp Decline
EBITDA falls 68% YoY
PAT down to ₹26.5 Cr
Likhitha Infra — Weak Quarter
Revenue declines 23% YoY
PAT drops to ₹11.5 Cr
Inox Wind — Mixed
Revenue up sharply (52% YoY)
PAT below estimates at ₹91.8 Cr
Heranba Industries — Mixed Bag
Revenue rises but PAT turns negative
Sanstar Ltd — Weak Performance
EBITDA nearly collapses
Margin at 0.7%
Fineotex Chemical — Decent
EBITDA up 23%
PAT stable
Narayana Hrudayalaya — Strong Beat
Revenue: ₹1643 Cr
PAT: ₹258 Cr
Margin improves to 24.5%
Archean Chemicals — Below Estimates
Revenue down
PAT drops to ₹29 Cr
Marico Q2
Revenue jumps 30.7% YoY
PAT nearly flat
Other income declines significantly.
