Emkay Research Reports

TVS Motor share price target

TVS Motor Robust Q4; guides to sustain outperformance vs 2W industry. Target Price ₹4800 (36% upside): Emkay

Arjun May 14, 2026

We continue to like TVSL on a structural basis, due to its premiumization-led growth,...

Ujjivan Small Finance Bank share price target

Ujjivan Small Finance Bank is on a firm recovery path. Buy for target price of ₹72 (28.6% upside): Emkay

Arjun March 22, 2026

On the ‘Universal Bank’ license, the management remains hopeful based on reduced RBI query...

vishal mega mart share price target

Vishal Mega Mart is seeing healthy trends across the underpenetrated South India, supported by strong traction in the high-margin apparel category. Buy for target price of ₹180 (32% upside): Emkay

Arjun December 19, 2025

Both facets of expansion (South/Smaller format) seeing healthy initial traction

Shriram Pistons share price target

Shriram Pistons’ Antolin acquisition hastens diversification; rerating is on the cards. Buy for target price of ₹4650 (63.8% upside): Emkay

Arjun December 8, 2025

Antolin acquired at an attractive valuation; diversification engine to start firing

Deepak Fertilisers share price target

Deepak Fertilisers is a market leader with product portfolio well aligned with India’s growth story. Buy for target price of ₹2000 (41.5% upside): Emkay

Arjun November 20, 2025

plans to demerge in the next 2-3 years; this will lead to value unlocking...

Route Mobile share price target

Route Mobile is moving up the value chain by shifting from being a channel provider to a solutions-led CPaaS player. Buy for target price of ₹1100 (29.4% upside): Emkay

Arjun September 7, 2025

Route is moving up the value chain by shifting, from being a channel provider...

Karur Vysya Bank share price target

Karur Vysya Bank’s stock-price correction offers a good entry point, with the stock trading at 1.2x Sep-27E ABV. Buy for target price of ₹270 (33% upside): Emkay

Arjun September 6, 2025

We met KVB MD and CEO B Ramesh Babu, to seek the outlook on...

Anant Raj share price target

Anant Raj is riding India’s data center drive. Buy for target price of ₹800 (44.4% upside): Emkay

Arjun July 11, 2025

We reiterate BUY on Anant Raj with an unchanged TP of Rs800. The company...