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Research SEBI Research Analyst →

Research built
for the desk.

Coverage, access and execution for institutions, family offices and treasuries — supported by the same analysts who write our retail work.

Talk to the desk

What the institutional desk does

Institutional clients need different things from the same research: deeper coverage, faster access to the analyst, and execution that does not move the price against them. The desk exists to provide those three things together rather than separately.

Labdhi is registered as a Research Analyst and empanelled for institutional business, with an in-house team producing the coverage rather than reselling a third-party feed.

Coverage, access, execution

Sector coverage

Written by sector specialists with their own coverage universes, including primary work and management interaction.

Analyst access

Direct conversations with the analyst who wrote the note, rather than a relayed summary.

Execution

Cash and derivatives execution across NSE, BSE and MCX, with a dealing desk sized for institutional order flow.

Algo and API

Rule-based execution and programmatic access for desks that run their own systems.

Every idea, with its outcome

Open and closed calls, with the entry, the target and the stop as published — and the return worked out from those prices.

These are sample calls, not real recommendations.

This section is a layout preview while the research admin panel is being built. Labdhi has not issued these calls, no one should act on them, and every price here is illustrative. Real published calls will carry issue dates and go through our SEBI Research Analyst process.

Sample
LTLarsen & Toubro Ltd.Overweight · Open
+6.22%Unrealised, at last price
Entry
₹3,620.00
Last price
₹3,845.00
Target
₹4,180.00
Stop loss
₹3,350.00
Opened
Q1 FY27
Horizon
12-18 months
View
Order book at a record with the international mix improving; execution, not order inflow, is now the swing factor.
Valuation basis
Sum of the parts: 22x core engineering plus listed subsidiary stakes at a 20% holding discount
Position sizing
Up to 4% of an India equity book
Liquidity
3-month ADV supports a ₹40 crore position inside 3 sessions at under 25% of volume
Sample
ULTRACEMCOUltraTech Cement Ltd.Neutral · Open
+1.48%Unrealised, at last price
Entry
₹11,450.00
Last price
₹11,620.00
Target
₹11,900.00
Stop loss
₹10,600.00
Opened
Q1 FY27
Horizon
12 months
View
Volume leadership is intact but pricing discipline across the industry has not held; consolidation benefits are already in the multiple.
Valuation basis
16x FY28 EV/EBITDA, at the top of its own range
Position sizing
Hold existing weight; no fresh addition at these levels
Liquidity
Deep — a ₹100 crore position clears inside a session
Sample
SBINState Bank of IndiaOverweight · Open
+7.34%Unrealised, at last price
Entry
₹858.00
Last price
₹921.00
Target
₹1,010.00
Stop loss
₹790.00
Opened
Q4 FY26
Horizon
12-18 months
View
Deposit franchise and asset quality both stronger than the discount to private peers implies; subsidiary value is not in the price.
Valuation basis
1.3x FY28 core book plus subsidiaries at a 25% holding discount
Position sizing
Up to 5% of an India equity book
Liquidity
Deep — among the most liquid names on the exchange

Research is issued by L. F. C. Securities Pvt. Ltd., a SEBI-registered Research Analyst. Returns shown are calculated from the published entry price and the price stated alongside, before brokerage, statutory charges and taxes. Past performance does not indicate future returns, and no return is assured or guaranteed. A target price is an opinion based on stated assumptions, not a forecast. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

How to engage

01
Empanelment first

Institutional coverage runs through a formal empanelment, which sets out the scope of research and execution provided.

02
Research is not advice

Institutional research is issued under our SEBI Research Analyst registration. It is not a portfolio recommendation and carries no assurance of return.

03
Talk to the desk

Scope, coverage universe and commercials are agreed directly. There is no standard package, because there is no standard institution.

Talk to the research desk.

Tell us what you hold and what you are trying to do with it. We will tell you whether our coverage is useful to you.

Talk to the desk