External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Robust Volume Expansion Across Core Segments: PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a challenging macro environment.</li><li>Backed by healthy demand across key end-user industries, the company was able to deliver around 6% volume growth and expressed confidence in reaching the targeted volume growth of 10% in FY26.</li><li>During the quarter, capacity utilisation stood at 90% for machined hours, 76% for sheet metal, and 77% for casting. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Robust Volume Expansion Across Core Segments: PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a challenging macro environment.Backed by healthy demand across key end-user industries, the company was able to deliver around 6% volume growth and expressed confidence in reaching the targeted volume growth of 10% in FY26.During the quarter, capacity utilisation stood at 90% for machined hours, 76% for sheet metal, and 77% for casting. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd. - Decent Quarter, Ramp-Up Expected Q4FY26 Onwards

<ul><li>Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.</li><li>For the quarter, capacity utilisation stood at 82% for machined hours, 70% for sheet metals, and 69% for casting, indicating substantial headroom for volume expansion.</li><li>The company expects steady improvement in utilisation levels, supported by strong demand from key end markets, enabling it to achieve its targeted 10% volume growth for FY26 and revenue of Rs 2,000 Cr.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.For the quarter, capacity utilisation stood at 82% for machined hours, 70% for sheet metals, and 69% for casting, indicating substantial headroom for volume expansion.The company expects steady improvement in utilisation levels, supported by strong demand from key end markets, enabling it to achieve its targeted 10% volume growth for FY26 and revenue of Rs 2,000 Cr.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd - Performance on Expected Lines

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

<ul>
<li>Despite the broad-based weakness in Indian equity market, insider buying in November 2025 was strong and broad-based.</li>
<li>We highlight large and small cap companies that experienced significant insider buying during November 2025, as reported on the stock exchanges.</li>
<li>We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
</ul>


Despite the broad-based weakness in Indian equity market, insider buying in November 2025 was strong and broad-based.
We highlight large and small cap companies that experienced significant insider buying during November 2025, as reported on the stock exchanges.
We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.


Insider Activity: Who Bought Their Own Stock in November?

<ul><li>Volume Growth Continues: PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes (17,185 MT in Q4FY25 vs. 11,435 MT in Q4FY24).</li><li>The company is also focusing on increasing capacity utilisation, which is expected to drive volume growth going ahead.</li><li>Commencement of new capacity: During the quarter, the company commissioned a new production line at its Aurangabad facility, bringing its total sheet metal capacity to 72,000 MT.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Volume Growth Continues: PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes (17,185 MT in Q4FY25 vs. 11,435 MT in Q4FY24).The company is also focusing on increasing capacity utilisation, which is expected to drive volume growth going ahead.Commencement of new capacity: During the quarter, the company commissioned a new production line at its Aurangabad facility, bringing its total sheet metal capacity to 72,000 MT.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd. - Performance on Expected Lines, Eyes on Synergies Moving Ahead!

<ul>
<li>In this insight, we detail about insider buying activity in Indian Equities for the month of August 2025.</li>
<li>Driven by pressure of increased tariffs, Indian equity market have been underperforming. But as seen in past during such times promoter buying activity increases.</li>
<li>This insight details about companies with notable insider buying (large and small caps), sectors which witnessed buying and stocks which trade above and below the insider purchase price.</li>
</ul>


In this insight, we detail about insider buying activity in Indian Equities for the month of August 2025.
Driven by pressure of increased tariffs, Indian equity market have been underperforming. But as seen in past during such times promoter buying activity increases.
This insight details about companies with notable insider buying (large and small caps), sectors which witnessed buying and stocks which trade above and below the insider purchase price.


Increased Tariffs -> Decline in Indian Equity Market -> Increased Promoter Activity in August 2025

India

Pitti Engineering Limited manufactures and distributes industrial machinery products. The Company provides electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools. Pitti Engineering serves customers globally.

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Pitti Engineering (PITTIENG IN)

Pitti Engineering Ltd. - Decent Quarter, Ramp-Up Expected Q4FY26 Onwards

PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a...

Axis Direct

Pitti Engineering Ltd - Performance on Expected Lines

Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.

Axis Direct

Insider Activity: Who Bought Their Own Stock in November?

Despite overall market weakness, insider buying in Indian equities was strong and widespread in November 2025, with significant activity in both...

Sreemant Dudhoria,CFA

Pitti Engineering Ltd. - Performance on Expected Lines, Eyes on Synergies Moving Ahead!

PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes...

Axis Direct

Increased Tariffs -> Decline in Indian Equity Market -> Increased Promoter Activity in August 2025

Update : Promoter of Tourism Finance Corporation of India (Aditya Kumar Halwasiya) further bought 3.25 lakh shares from open market on the last...

Sreemant Dudhoria,CFA

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52-week Range

Market Cap (USDm)

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Pitti Engineering Ltd. - Decent Quarter, Ramp-Up Expected Q4FY26 Onwards

PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a...

Axis Direct

Pitti Engineering Ltd - Performance on Expected Lines

Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.

Axis Direct

Insider Activity: Who Bought Their Own Stock in November?

​Despite overall market weakness, insider buying in Indian equities was strong and widespread in November 2025, with significant activity in both...

Sreemant Dudhoria,CFA

Pitti Engineering Ltd. - Performance on Expected Lines, Eyes on Synergies Moving Ahead!

PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes...

Axis Direct

Increased Tariffs -> Decline in Indian Equity Market -> Increased Promoter Activity in August 2025

Update : Promoter of Tourism Finance Corporation of India (Aditya Kumar Halwasiya) further bought 3.25 lakh shares from open market on the last...

Sreemant Dudhoria,CFA

Despite overall market weakness, insider buying in Indian equities was strong and widespread in November 2025, with significant activity in both...