Keynote Capitals Limited
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Keynote Capitals executes cash equity and derivative trades on BSE and NSE for institutional investors. The firm is also a depository participant of CDSL.
Brokerage and depository servicesEquity research
Each Keynote Capitals research report assesses a company's business, its industry and its financial results. It then sets out a valuation, the risks to that valuation and the investment case.
Research reports by companyRecent coverage
Initiating Coverage · 28 Sept 2026
Sunflag Iron & Steel Company Ltd.
Sunflag Iron & Steel makes special and alloy steel at a single integrated plant in Bhandara, Maharashtra. Carmakers buy most of it; defence, aerospace, railways and nuclear power take the rest. The report sees a stable steel business with hidden value on top: 6 crore shares in iron ore miner Lloyds Metals and Energy, received in settlement of an arbitration award, which it values separately from the steel.
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Initiating Coverage · 8 Sept 2026
Kingfa Science & Technology (India) Ltd.
About 74% of Kingfa's FY26 revenue came from the automotive industry. Its modified plastics, mostly polypropylene compounds, also go into home appliances, electrical goods and industrial products. Two forces could drive growth: carmakers replacing metal parts with plastic to make vehicles lighter, and a China-based parent that plans to use India as an export base.
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Initiating Coverage · 4 Aug 2026
Ahluwalia Contracts (India) Ltd.
At the end of Q4 FY26, Ahluwalia Contracts had 53 projects under way in 16 states: hospitals, airports, metro and railway stations, offices, hotels and housing. The report looks for growth from about ₹21,100 crore of unexecuted orders and more higher-margin private work. Being qualified for contracts above ₹2,500 crore also leaves it few rivals for the largest buildings.
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Initiating Coverage · 24 Jul 2026
Jyoti CNC Automation Ltd.
A ₹450 crore expansion will take Jyoti CNC Automation from about 6,000 machine tools a year to 16,000. It already offers more than 200 CNC machine variants to aerospace, defence, automotive and electronics makers, built at two plants in Rajkot and one in Strasbourg. It is also developing in-house the controllers and servo motors it now imports.
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