Kerbside

Arvind DSIJ / 05 Feb 2026 / Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Informed Intelligence, Kerbside, Regular Columns

Kerbside

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation.

FIRING ON ALL CYLINDERS [EasyDNNnews:PaidContentStart]

Solar Industries India
BSE Code: 532725
CMP: ₹13,868.65 

Solar is no longer a “mining explosives” only story. Quarter numbers came in hot. Revenue hit `2,548 crore, up 29 percent, while net profit rose 38 percent to `467 crore. The Defence contributing a record `700 crore in Q3FY26. The real magnet is visibility: the Order Book has swelled past `21,000 crore, its highest ever. International business is not lagging either, growing 35 per cent year on year to over `1,000 crore. Heard on the Street: traders say dips are getting absorbed quickly, and a few broker desks are calling it a “quiet accumulator” name. The talk is that order conversions are surprising on the upside and cash flows are staying clean. If execution holds, the market usually keeps paying for visibility. Some even say institutions are waiting for the next big defence order, and another strong quarter could trigger a rerating. 


STOCK TO Bank ON 

Bandhan Bank
BSE Code: 541153
CMP: ₹155 

Bandhan looks like it is turning a corner. The quarter showed steadier advances, a stronger secured mix, and improving trends in the EEB book. On liabilities, retail mobilisation gained traction while high cost bulk deposits were pared back, helping margins as funding costs eased. Asset quality also moved the right way with lower stress formation and reduced NPAs. The street is liking the decisive clean up: it executed the sale of NPAs and written-off accounts of unsecured EEB and ABG portfolio to ARCs during the quarter, bringing cash inflows and provision relief. Digital upgrades and tighter collection controls add comfort. Clean up play, margins ticking up. 

EFFICIENCY PLAY 

REC BSE Code: 532955
CMP: ₹372.35 

REC sits at the centre of India’s power funding stack, a Ministry of Power NBFC that has become the long tenure lender for generation, transmission, distri bution, renewables, and rural electrification. In the Budget speech, FM Nirmala Sitharaman put REC’s restructuring on the table as an early step in scaling and sharpening public sector NBFCs. 

Heard on the Street: this is not about changing the business, it is about tightening the machine. The expec tation is cleaner processes, better capital utilisation, stronger governance and risk checks, and more tech driven monitoring. If that playbook executes, it usually shows up in lower slippages, faster sanction cycles, and steadier return ratios. 

DIAMOND IN A COAL MINE 

Exide Industries
BSE Code: 500086
CMP: ₹327.95 

Q3 FY26 saw revenues bounce back after a softer Q2, with GST 2.0 helping lift broader auto demand and Exide riding the wave. The auto OEM segment logged 25 per cent plus growth, while the replacement and infrastruc ture segments, excluding telecom, stayed in double digits. The chatter is that domestic momentum in OEM and replacement likely to continue into Q4. Heard on the Street: the bigger trigger is lithium ion. Exide is said to be gearing up to ship cells to passenger vehicle and two-wheel er OEMs either this year or early next, with three-wheeler and e rickshaw applications likely to be the first revenue line. 

(Closing price as of February 03, 2026) 

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