CERA.NSE News

MUMBAI: Adani Total Gas said Wednesday that gas deliveries to industrial customers in India had been impacted after its own supply was partly curtailed due to the Middle East war. The joint venture between India’s Adani Group and France’s TotalEnergies is a key supplier of natural gas to industries, homes and vehicles in the world’s most populous nation. “Some of the gas suppliers of the company have curtailed the gas supply, which in turn has impacted our supplies to industrial customers,” the firm said in a stock exchange notification. The filing said it was “assessing” the impact of the development, and Indian government orders to more closely control the distribution of natural gas. India is the world’s fourth largest liquefied natural gas (LNG) buyer, and second-largest buyer of liquefied petroleum gas (LPG), such as that used for cooking – much of which is sourced from the Middle East. READ MORE: India GAIL buys Oman LNG cargo, sources say As supplies become tighter, New Delhi has sought to prioritise the needs of households, transport and other essential sectors such as hospitals.

In this briefing: Petro Viet Nam Ca Mau Fertilizer JSC (DCM VN) - Maintain- Growth Momentum Led by Exports PI Industries Ltd - Short-Term Headwinds Persist; Maintain HOLD Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Fortis Healthcare Ltd - Strong Quarter with Margin Expansion Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead 1. Petro Viet Nam Ca Mau Fertilizer JSC (DCM VN) - Maintain- Growth Momentum Led by Exports In 9M25, Petro Viet Nam Ca Mau Fertilizer JSC (DCM) produced 712,000 tons of urea (+2% YoY) and 181,000 tons of NPK (+38% YoY). Consolidated revenue reached VN12,432bn (+35% YoY) and profit after tax (NPAT) came in at VND1,528bn (+45% YoY). These results helped DCM achieve 89% of its 2025 revenue plan (VND13,983bn) and 197% of its 2025 NPAT plan (VND774bn). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Petro Viet Nam Ca Mau Fertilizer JSC (DCM VN) - Maintain- Growth Momentum Led by Exports PI Industries Ltd - Short-Term Headwinds Persist; Maintain HOLD Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Fortis Healthcare Ltd - Strong Quarter with Margin Expansion Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead 1. Petro Viet Nam Ca Mau Fertilizer JSC (DCM VN) - Maintain- Growth Momentum Led by Exports In 9M25, Petro Viet Nam Ca Mau Fertilizer JSC (DCM) produced 712,000 tons of urea (+2% YoY) and 181,000 tons of NPK (+38% YoY). Consolidated revenue reached VN12,432bn (+35% YoY) and profit after tax (NPAT) came in at VND1,528bn (+45% YoY). These results helped DCM achieve 89% of its 2025 revenue plan (VND13,983bn) and 197% of its 2025 NPAT plan (VND774bn). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: PI Industries Ltd - Short-Term Headwinds Persist; Maintain HOLD Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Fortis Healthcare Ltd - Strong Quarter with Margin Expansion Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead Man Infraconstruction Ltd - Q2FY26: Seasonally Slow Quarter; Focus Continues on Launches 1. PI Industries Ltd - Short-Term Headwinds Persist; Maintain HOLD Domestic Business Softness Due to Weather & Regulatory Disruptions: PI Industries’ domestic business declined 13% YoY in Q2FY26, as erratic and excessive rainfall impacted sales and led to higher inventory levels. Furthermore, regulatory changes in the biologicals segment weighed on growth momentum. The management indicated that the regulatory challenges have been resolved and expects business performance to normalize in the coming quarters. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: PI Industries Ltd - Short-Term Headwinds Persist; Maintain HOLD Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Fortis Healthcare Ltd - Strong Quarter with Margin Expansion Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead Man Infraconstruction Ltd - Q2FY26: Seasonally Slow Quarter; Focus Continues on Launches 1. PI Industries Ltd - Short-Term Headwinds Persist; Maintain HOLD Domestic Business Softness Due to Weather & Regulatory Disruptions: PI Industries’ domestic business declined 13% YoY in Q2FY26, as erratic and excessive rainfall impacted sales and led to higher inventory levels. Furthermore, regulatory changes in the biologicals segment weighed on growth momentum. The management indicated that the regulatory challenges have been resolved and expects business performance to normalize in the coming quarters. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Fortis Healthcare Ltd - Strong Quarter with Margin Expansion Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead Man Infraconstruction Ltd - Q2FY26: Seasonally Slow Quarter; Focus Continues on Launches Jyothy Labs Ltd - Muted Quarter, Margins Slip; Maintain HOLD 1. Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Quarter Impacted by Tariff-Related Disruptions: As highlighted earlier, the 50% tariff on Indian exports to the US continued to weigh on performance during the quarter. The company expects these tariff-related headwinds to persist in the near term but remains optimistic about regaining growth momentum once the trade environment normalizes. Focus on Retaining Customers: Management indicated that it continues to collaborate with US customers to share the tariff burden. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Fortis Healthcare Ltd - Strong Quarter with Margin Expansion Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead Man Infraconstruction Ltd - Q2FY26: Seasonally Slow Quarter; Focus Continues on Launches Jyothy Labs Ltd - Muted Quarter, Margins Slip; Maintain HOLD 1. Welspun Living Ltd - Maintaining Market Share Amidst Sectoral Headwinds; Retain BUY Rating Quarter Impacted by Tariff-Related Disruptions: As highlighted earlier, the 50% tariff on Indian exports to the US continued to weigh on performance during the quarter. The company expects these tariff-related headwinds to persist in the near term but remains optimistic about regaining growth momentum once the trade environment normalizes. Focus on Retaining Customers: Management indicated that it continues to collaborate with US customers to share the tariff burden. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead Man Infraconstruction Ltd - Q2FY26: Seasonally Slow Quarter; Focus Continues on Launches Jyothy Labs Ltd - Muted Quarter, Margins Slip; Maintain HOLD Ashok Leyland Ltd - Sustained Market Share Gains & Strategic Growth Levers Asian Paints Ltd - Brushing Through Recovery; Maintain HOLD 1. Cera Sanitaryware Ltd - Strong H2FY26 Expected Ahead Operational Performance: Cera’s retail segment showed sluggish demand, with a flat YoY growth for Q2FY26. The overall topline contribution for sanitaryware and faucetware was 47% and 40%, respectively. The Project business contributed to 39% of the topline and maintained a healthy momentum. 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. 2. Man Infraconstruction Ltd - Q2FY26: Seasonally Slow Quarter; Focus Continues on Launches Decent Performance; On Track for FY26 Targets: MICL posted a sluggish performance in a seasonally slow quarter, with a new launch of Artek Project, BKC, with topline of over Rs 850 Cr.

Stocks to buy: Axis Securities recommends buying Greenply Industries, Cera Sanitaryware, and Astral due to expected strong demand revival in India's building products sector, driven by rising disposable income and a shift towards organised players.