50 Stocks where both FIIs and DIIs increased their holdings in Q2 FY27 (September quarter) 🔥🔥🔥 Life Insurance Hindustan Aeronautics ICICI AMC Bajaj Holdings Cupid Hindustan Copper PTC Industries Inventurus Knowledge Indian Renewable Energy Netweb Technologies Rubicon Research Kaynes Technology Belrise Industries Diamond Power Shilpa Medicare Garware Hi-Tech Films Nazara Technologies JSW Cement Tamilnad Mercantile Bank ASK Automotive Manorama Industries ASM Technologies Yatharth Hospital P & G Health P N Gadgil Jewellers Knowledge Marine M B Agro Products Precision Wires India Tourism Finance Corporation Supriya Lifescience Optiemus Infracom Skipper Wheels India Marine Electricals V2 Retail Fedbank Financial Services Smartworks Coworking Vadilal Industries Jamna Auto Industries Sambhv Steel Quess Corp Lumax Industries Inox Green Energy Services Deep Industries Greaves Cotton DEE Development Engineers Yash Highvoltage Steelcast Network People Services Technologies Shukra Pharmaceuticals FIIs and DIIs include institutional investors with research teams, analytical resources and structured investment processes. When both categories increase their holdings in a company, it can be a useful signal to investigate further. However, institutional buying alone does not guarantee anything. The important part is to understand why they are investing. 🔹 Study the business model and competitive advantage. 🔹 Analyse quarterly results, revenue growth, margins and management guidance. 🔹 Read concall transcripts to understand future plans, capacity expansion and growth opportunities. 🔹 Check the balance sheet, debt, cash flows and working capital. 🔹 Track valuations, shareholding trends and potential risks. The objective is not to blindly follow institutional investors, but to identify businesses worth researching through their investment activity. Disclaimer: This list is for educational purposes only and is not a buy/sell recommendation. Increased institutional holding does not guarantee stock price appreciation. Please conduct your own research before making any investment decisions. DYDD.

LARGE-CAP STOCKS WITH 30%+ SALES GROWTH IN Q2 FY27 📈 🔥🧵 ▪️ Eternal — 78% ▪️ Hindustan Zinc — 76% ▪️ Ather Energy — 63% ▪️ Bajaj Auto — 60% ▪️ Coforge — 54% ▪️ Polycab India — 53% ▪️ Adani Energy Solutions — 53% ▪️ Billionbrains Garage Ventures — 47% ▪️ Adani Power — 44% ▪️ Jindal Steel — 43% ▪️ Adani Green Energy — 42% ▪️ Tata Motors — 36% ▪️ SRF — 35% ▪️ Havells India — 35% ▪️ Adani Total Gas — 34% ▪️ Sona BLW Precision Forgings — 30% ▪️ CG Power & Industrial Solutions — 30% All results are attached below in the post for reference. Disclaimer: For educational purposes only. Not a buy/sell recommendation. Please do your own research before making any investment decisions. DYDD.

27 HIGH-RELATIVE STOCKS TO STUDY, TRACK & RESEARCH 📊 Teamtech Formwork Shukra Pharma CPCL Ather Energy Acutaas Chemical Yash Highvoltage Shreeji Shipping Global Krishana Phoschem Sri Lotus GNG Electronics U. Y. Fincorp MB Agro Products Sambhv Steel Laurus Labs United Polyfab SBC Exports Gretex Corporate Knowledge Marine Steel Strips Wheels Apollo Micro Systems Sansera Engineering Gandhar Oil Refinery Ratnaveer Precision Tourism Finance Corporation GP Petroleums Shadowfax Technologies SG Mart Why should you track these companies? A trending stock can attract attention, but price action alone is not enough. The objective is to understand the business, track its progress and identify whether the growth story is supported by fundamentals. ▪️ Quarterly results: Track sales growth, EBITDA, PAT, margins and year-on-year performance. ▪️ Concall analysis: Understand management commentary, future guidance, order books, capacity expansion, CapEx and potential challenges. ▪️ Balance sheet: Evaluate debt, cash flows, working capital, receivables and the company's financial position. ▪️ Business analysis: Study the industry, competitive advantages, growth drivers, customer concentration and execution capabilities. ▪️ Valuation: Compare the company's growth prospects with its current valuation. A good business is not automatically a good investment at every price. ▪️ Price action and volume: Monitor relative strength, accumulation, breakouts and whether the stock is outperforming its sector and the broader market. Disclaimer: For educational purposes only. Not a buy/sell recommendation. DYDD.

38 COMPANIES THAT HAVE POSTED EXCELLENT Q2 FY27 RESULTS RECENTLY 🧵 (MINIMUM 50% SALES GROWTH) 📊🔥 ▪️ TruAlt Bioenergy – ↑606% ▪️ E2E Networks – ↑411% ▪️ Hindustan Insulators – ↑147% ▪️ Sterlite Technologies – ↑145% ▪️ HFCL – ↑144% ▪️ Antelopus Selan – ↑116% ▪️ SG Finserve – ↑116% ▪️ SBC Exports – ↑113% ▪️ Yash Highvoltage – ↑95% ▪️ Modison – ↑92% ▪️ Monolithisch India – ↑88% ▪️ Vidhi Specialty – ↑82% ▪️ Kross Ltd – ↑80% ▪️ Supreme Petrochem – ↑78% ▪️ Eternal – ↑78% ▪️ Tatva Chintan – ↑76% ▪️ Hindustan Zinc – ↑76% ▪️ Apollo Micro Systems – ↑72% ▪️ Eimco Elecon – ↑71% ▪️ Poonawalla Fincorp – ↑70% ▪️ Pooja Precision Engineering – ↑68% ▪️ Kabra Extrusion – ↑64% ▪️ Aurum Proptech – ↑64% ▪️ GHV Infra – ↑63% ▪️ Ather Energy – ↑63% ▪️ Sky Gold & Diamonds – ↑61% ▪️ Steel Strips Wheels – ↑61% ▪️ TRIL – ↑61% ▪️ Bharat Bijlee – ↑55% ▪️ Tejas Networks – ↑55% ▪️ Bharat Seats – ↑55% ▪️ Coforge – ↑54% ▪️ Polycab India – ↑53% ▪️ Adani Energy Solutions – ↑53% ▪️ Nazara Technologies – ↑53% ▪️ Sri Lotus – ↑53% ▪️ Paushak – ↑52% ▪️ Sakar Healthcare – ↑52% All results are attached below in the post for reference 👇 RESULTS PART 1 👇 Disclaimer: For educational purposes only. Not a buy/sell recommendation. DYDD.

YASH HIGHVOLTAGE ⚡ H1 FY27 CONCALL – 4-5 MIN READ POST 1. Revenue potential, expansion targets and future outlook ▪️ Long-term revenue potential: The combined potential of Unit 1 and Unit 2 is approximately ₹900–1,000 Cr annually, with full utilisation targeted by FY30–31. ▪️ Localised 245 kV bushings: Commercial production is expected in Q4 FY27, subject to successful testing and customer approvals. ▪️ 420 kV and 550 kV localisation: The company is targeting these higher-voltage capabilities around Q4 FY28 or mid-2028, subject to qualification and validation requirements. ▪️ Brownfield expansion: The Halol expansion is expected to be completed by the end of Q3 FY27, with additional capacity becoming available in Q4 FY27. ▪️ Export growth: RIP export order booking is expected to begin around the middle of next year. A more meaningful change in product and export mix is expected during FY28–FY29. ▪️ Global market share: Yash currently accounts for approximately 1–1.2% of global market demand and aims to increase its share to at least 5% over the next 4–5 years. The company also intends to maintain its leading position in India. ▪️ Margin outlook: The focus is on maintaining or improving margins rather than committing to an aggressive future margin target. Higher depreciation in H2 FY27 is expected as new facilities and assets come into operation, but the company aims to maintain profitability levels comparable to FY26. ▪️ Near-term priorities: Commissioning end-to-end RIP/RIS bushing manufacturing, ramping up higher-voltage assembly at Jarod, strengthening domestic and overseas customer relationships, and expanding the US presence are key priorities for H2 FY27. 2. Product mix and shift towards higher-value bushings ▪️ RIP bushings accounted for approximately 86% of H1 FY27 revenue by value, while OIP and high-current bushings together contributed around 14%. ▪️ Total bushing shipments were approximately 4,000 units in H1 FY27, compared with 2,950 units in H1 FY26, representing volume growth of around 40%. ▪️ The volume increase was broad-based across product categories. A detailed voltage-class-wise or product-wise shipment breakdown was not disclosed. ▪️ Domestic sales accounted for approximately 95% of H1 FY27 sales, while exports contributed around 5%. ▪️ Within domestic sales, the contribution from retrofit and services increased from 4% to 8% year-on-year. ▪️ The increasing contribution of RIP bushings reflects the company’s focus on technically demanding products and higher-voltage applications. 3. Localisation and technical qualification milestones One of the most important developments is the progress towards manufacturing critical bushing components locally instead of depending entirely on imported cores. ▪️ Trial runs for localised RIP bushings have been encouraging. The next step is external type testing and final validation, which the company expected to initiate within the next couple of weeks from the date of the call. ▪️ Customer approval involves separate processes for the manufacturing plant, the product and, in some cases, the localised core itself. Approval for the existing facility does not automatically qualify the new facility or locally manufactured core. ▪️ Most customer documentation for new-unit approvals has already been submitted, with the company working towards progressing plant and product approvals around Q3. ▪️ Localisation could reduce exposure to imported components, freight and import duties. However, the actual margin benefit will depend on customer pricing, competitive conditions and the cost structure after localisation. ▪️ The company intends to complete the qualification process before supplying localised cores commercially. This is important because reliability and product validation are critical in high-voltage applications. ▪️ A 245 kV wall-through transformer bushing has been tested in-house and supplied to a leading public-sector undertaking. ▪️ The company is also progressing towards localised 420 kV and 550 kV capabilities, with testing and customer qualification remaining important milestones. 4. US expansion and export opportunities ▪️ Yash Highvoltage USA has signed representation agreements with Ensales Electrical Associates, Gateway Power Sales and EHV Solutions LLC. ▪️ These agreements provide coverage across close to 27 US states, supporting access to utilities, transformer OEMs and end customers. ▪️ The objective is to build long-term customer approvals and vendor relationships rather than depend only on temporary demand-supply shortages in the US market. ▪️ The company has agents in close to 30 countries, indicating that its international expansion is not restricted to the US. ▪️ Yash has successfully completed seismic qualification tests for IEEE-compliant 138 kV and 230 kV OIP condenser transformer bushings. These qualifications strengthen its ability to address North and South American markets. ▪️ The export order book was discussed at approximately ₹40–50 Cr, representing roughly 5–7% of the total order book. ▪️ RIP exports have not yet started at scale. Export order booking is expected around the middle of next year, with a more meaningful contribution to the business mix anticipated in FY28–FY29. ▪️ The strategy is to build a balanced domestic and export business, with exports offering an opportunity for market diversification and potentially better realisations. 5. Industry demand and long-term growth drivers The long-term opportunity is linked to investment in power transmission and distribution infrastructure, where reliable, technically qualified components are essential. ▪️ Grid modernisation: Utilities are upgrading transmission networks and replacing ageing infrastructure to improve reliability. ▪️ Renewable energy integration: Increasing renewable capacity requires stronger transmission networks and dependable grid infrastructure. ▪️ Rising electricity consumption: Growing power demand from industrial electrification, data centres and digital infrastructure is supporting the need for reliable electrical networks. ▪️ Higher-voltage applications: As utilities and transformer manufacturers move towards higher-capacity and higher-voltage equipment, qualification and product reliability become increasingly important. ▪️ Technical entry barriers: High-voltage bushings are critical safety components connecting transformers to external electrical circuits. Testing, certification and field-performance requirements create barriers for new entrants. ▪️ Global opportunity: The company’s existing domestic position, expanding international representation network and progress in higher-voltage products provide avenues to participate in this demand. 6. Capacity expansion and ₹220 Cr capex ▪️ Total planned capex for the Jarod greenfield facility is approximately ₹220 Cr. ▪️ Around ₹106 Cr had been spent as of September 30, 2026, with the balance expected to be deployed over the following 12 months. ▪️ The new facility is already being used for assembly and testing activities, helping relieve bottlenecks at the existing Halol facility. Assembly-model invoicing has started, and some orders are being shifted from the existing order book. ▪️ The existing Halol facility is operating at approximately 90% utilisation and running three shifts. ▪️ The new facility is designed to support the complete RIP bushing range, from 24 kV to 550 kV, along with assembly-model manufacturing. ▪️ The Halol brownfield expansion is expected to finish by the end of Q3 FY27, with additional capacity becoming available in Q4 FY27. ▪️ The ₹220 Cr capex programme is expected to be sufficient to support the targeted ₹900–1,000 Cr annual revenue potential. Any additional investment requirements are expected to be relatively small and could potentially be funded through internal accruals. 7. Order book and execution visibility ▪️ The order book stood at approximately ₹760 Cr as of September 30, 2026, compared with ₹400 Cr at the beginning of FY27. ▪️ The order book is expected to be executed over approximately 15–18 months, although the Q&A discussion also referred to an 18–20-month execution window. ▪️ Order inflows have exceeded the company’s original expectations. Demand is coming from a broad range of domestic and international customers. ▪️ The initial FY27 order intake target discussed during the call was ₹500 Cr-plus. However, no revised formal order intake target was provided. ▪️ The focus is on converting the order book into timely deliveries while continuing to secure new orders. ▪️ The company is attempting to improve invoicing linearity throughout the year. H2 is still expected to be somewhat stronger, but the aim is to avoid the significant second-half concentration seen historically. ▪️ Current US customer orders have lead times of approximately 6–12 months, with some extending towards 15 months. The capacity expansion should help improve the company’s ability to service demand. 8. Margins, pricing and competitive landscape ▪️ Product mix, operating leverage, vendor terms, overhead absorption and manufacturing efficiency are important drivers of margins. ▪️ Localisation may provide cost advantages through reduced import duty and freight, but the benefit will not automatically translate into a proportional margin increase. Competitive pricing and customer relationships remain important considerations. ▪️ The company aims to maintain or modestly improve margins over time but has not provided a specific future-year margin target. ▪️ The current order book has a margin profile broadly comparable to FY26, while tendering conditions for FY29–FY30 are also being described as stable. ▪️ Management views the next 2–4 years as potentially favourable for specialised component manufacturers, citing continued investment by transformer manufacturers and the entry barriers associated with bushings. ▪️ It also believes that a severe price war is not inevitable over the next 5–6 years. This remains the company’s industry outlook rather than a guaranteed outcome. ▪️ Most contracts contain the industry-standard IEEMA price-variation clause, which helps address raw-material price volatility. ▪️ The company has not reported significant near-term supply-chain disruptions affecting invoicing. ▪️ No data-centre order cancellations attributable to negative sentiment around AI had been reported to the company at the time of the call. 9. Working capital, funding and internal systems ▪️ The cash conversion cycle improved to 63 days as of September 30, 2026, compared with 81 days for FY26. ▪️ Receivable days were approximately 47 days in H1 FY27, broadly unchanged from H1 FY26. The FY26 full-year figure was approximately 45 days. ▪️ Vendor advances have increased in certain areas because the company needs to secure production slots with international core suppliers. ▪️ Net cash stood at approximately ₹95 Cr as of September 30, 2026. ▪️ The company completed a preferential allotment of equity shares and warrants amounting to approximately ₹151 Cr. Around ₹106 Cr had been received, comprising ₹90.99 Cr from the equity issue and ₹15 Cr as upfront payment against warrants. The balance is payable upon warrant conversion or exercise within 18 months. ▪️ The company has completed its global migration to SAP S/4HANA, intended to improve process visibility, coordination and operational control. ▪️ The Sukrut joint venture, taken over in December 2025, was brought back to profitability within approximately nine months, according to the company. 10. Key risks and monitorables ▪️ Execution: Timely delivery of the ₹760 Cr order book and successful ramp-up of the new facility will be important. ▪️ Customer approvals: Localised cores and the new manufacturing facility must complete the necessary testing and qualification processes before the full benefits of localisation can be realised. ▪️ Capacity ramp-up: The timing of the Halol expansion and the ramp-up of Jarod operations will influence near-term execution. ▪️ Margin sustainability: Import-cost savings, product mix and pricing discipline will determine how much benefit localisation delivers. ▪️ Export conversion: US representation agreements and global agent relationships need to translate into durable customer approvals and repeat business. ▪️ Competition: New entrants and additional industry capacity could eventually put pressure on pricing, even though current demand conditions appear supportive. ▪️ High-voltage localisation: Progress towards 420 kV and 550 kV capabilities, including testing and customer qualification, remains an important milestone. Overall takeaway Yash Highvoltage is working on three important growth levers: moving towards higher-value RIP products, localising critical manufacturing processes and deepening its presence in international markets. The ₹760 Cr order book, ongoing capex and higher-voltage qualification pipeline provide visibility, while the targeted ₹900–1,000 Cr annual revenue potential by FY30–31 represents the company’s longer-term ambition. The key monitorables are execution of the existing order book, commissioning and utilisation of new capacity, successful localisation, customer approvals and the conversion of international relationships into sustained export orders. Disclaimer: For educational purposes only. Not a buy/sell recommendation. Please do your own research before making any investment decisions. DYDD.

200 EMA - SME STOCKS TO STUDY 📊📈 ▪️ Shree Refrigerations ▪️ Afcom Holdings ▪️ Apex Ecotech ▪️ Anondita Medicare ▪️ Sacheerome ▪️ Fabtech Cleanrooms ▪️ Jainik Power Cables ▪️ Purple United Sales ▪️ Shri Ahimsa Naturals ▪️ Virtuoso Optoelectronics Stocks trading above the 200 EMA are generally considered to be in a stronger long-term trend, while stocks trading below it may be facing weakness. A reclaim of the 200 EMA, supported by strong volume and sustained price action, can indicate a potential trend reversal. However, confirmation is important, and the indicator should not be used in isolation. Disclaimer: Shared for educational purposes only. This is not a buy/sell recommendation.

30+ QUALITY SMALL CAP AND SME COMPANIES TO STUDY, TRACK & RESEARCH 📚📊🔥 ▪️ Apollo Micro Systems ▪️ Shree Refrigerations ▪️ Kwick Forensic ▪️ Qline Biotech ▪️ Merritronix ▪️ LAPL Automotive ▪️ Quality Power ▪️ Astra Microwave ▪️ Yash Highvoltage ▪️ Shadowfax Technologies ▪️ GMDC ▪️ Beta Drugs ▪️ Airfloa Rail ▪️ Krishna Defence ▪️ eClerx Services ▪️ CFF Fluid Control ▪️ Millworks Technologies ▪️ Aimtron Electronics ▪️ Recode Studios ▪️ KRM Ayurveda ▪️ Anlon Technology ▪️ L. T. Elevator ▪️ Prizor Viztech ▪️ Devson Catalyst ▪️ Knowledge Marine ▪️ Sigma Advanced Systems ▪️ Sedemac Mechatronics ▪️ Omnitech Engineering ▪️ Sudeep Pharma ▪️ Azad Engineering ▪️ KSH International ▪️ DEE Development Engineers ▪️ Inox India 🔍 HOW TO STUDY THESE COMPANIES For every company, we should try to understand the complete business. ▪️ Business model — What does the company actually do? Who are its customers and what is its competitive advantage? ▪️ Annual Reports — Go through the business overview, management discussion, risks, subsidiaries, related-party transactions and future plans. ▪️ Quarterly Results — Track revenue growth, margins, order book, capacity utilisation, working capital and other operating metrics. ▪️ Concall / Investor Presentations — This is where management commentary becomes extremely important. Track guidance, expansion plans, new customers, order wins, capex and upcoming projects. ▪️ Balance Sheet — Always check debt, cash, receivables, inventory, working capital and whether the balance sheet is getting stronger or weaker. ▪️ Cash Flow — Profit on the P&L is not enough. Check whether profits are actually converting into operating cash flow. ▪️ Announcements — Keep tracking every important corporate announcement, new order, customer addition, plant expansion, acquisition, partnership, regulatory update and management development. ▪️ THRP / Shareholding & Promoter Data — Track promoter holding, pledging if any, institutional participation and meaningful changes in shareholding. ▪️ Capacity & Capex — Understand how much capacity the company currently has, how much is being added and whether the expected demand justifies the expansion. ▪️ Order Book — For companies where order book matters, track its size, order inflow, execution timeline and customer concentration. ▪️ Management Quality — Promoter track record, capital allocation, governance and execution history matter a lot, especially in smaller companies. ▪️ Valuation — A great business can still be a bad investment if purchased at an unreasonable valuation. Most importantly, don't study a company only once. The real edge comes from continuously tracking what changes every quarter - whether management is delivering what it previously promised, whether growth is sustainable, whether margins are improving and whether the balance sheet is supporting that growth. Disclaimer: This is only a study, tracking and research list. It is not a buy/sell recommendation.