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UTI Asset Management Company (UTIAM IN) – Q4FY26 Result Update – Better equity performance key to re-rating – Downgrade to ‘HOLD’

Published on 24 Apr 2026

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Adani Energy Solutions (ADANIENS IN) – Q4FY26 Result Update – Strong EBITDA growth ahead; valuations turn full – Downgrade to ‘HOLD’

Reliance Industries (RELIANCE IN) – Q4FY26 Result Update – Consol EBITDA/PAT inline; Core/Retail under pressure – BUY

Indian Energy Exchange (IEX IN) – Q4FY26 Result Update – Good volume growth, but risk from market coupling – HOLD
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