Nirmal Bang research reports

• investments

Scoda Tubes is approaching an inflection point with 3x capacity expansion. Buy for target price of ₹290 (50% upside): Nirmal Bang

Arjun September 8, 2025

Scoda Tubes Limited is an Indian manufacturer of stainlesssteel (SS) tubes and pipes with...

Read More

• investments

United Spirits’ structural opportunity strong; price correction leads to attractive entry points. Buy for target price ₹1665 (28% upside): Nirmal Bang

Arjun August 13, 2025

In FY24-25, sales volume reached 64mn cases, up 4.1% from the previous year. Net...

Read More

• investments

Solar Industries is a ‘Make-in-India + global scale’ compounder with a healthy mix of stability, visibility, and upside potential. Buy for target price of ₹17720 (23% upside): Nirmal Bang

Arjun August 9, 2025

The stock is trading at a 1-year forward P/E of 48x, above the 5-year...

Read More

• investments

Swiggy and Eternal will continue to dominate the food delivery business. Buy Swiggy for target price ₹500 & Eternal for target price ₹315: Nirmal Bang

Arjun July 20, 2025

We believe Swiggy and Eternal will continue to dominate the food delivery business. On...

Read More