SEBI Registered Research Analyst · INH000018407
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We specialise in finding stocks that create wealth — not in tracking the index. Equity research published from Mumbai: every call dated, argued in writing, and kept on the record.
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21 May 2026·Results·OSWALPUMPSSubscribers
Oswal Pumps — Q4 FY26: The KUSUM 2 Call Option
The stock de-rated 54% waiting for PM-KUSUM 2 — while the business posted record ₹2,064 Cr revenue, 22% ROE and its first positive-OCF quarter in three years. At 2.4× book, the scheme is priced as if it never arrives. We think that's the mispricing.
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Front Wave Research LLP is a SEBI-registered research analyst based in Mumbai. Every note we publish stays dated and public in the archive — the calls, the reasoning, and how they aged. No cherry-picking, no quiet deletions.
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- INH000018407 · Research Analyst
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