Stock Market Highlights: Nifty Settles Below 23,350, Sensex Ends Marginally Lower
Broaders markets, too, were buzzing in trade. Nifty Small Cap 100 index was trading over 1% higher, hile Nifty Mid Cap 100 was trading 0.5% higher.
The Nifty 50 settled 75.80 points higher at 23,346.40, compared with its provisional close of 23,341.85 at 3:15 p.m. The Sensex settled 19.63 points lower at 74,294.96, reversing its provisional gain of 245.38 points.
Elsewhere, US stocks ended Thursday higher. The Dow rose 316 points, or 0.6%, while the S&P 500 gained 1.1%. The Nasdaq Composite advanced 1.7%. The recovery followed the Federal Reserve's decision a day earlier to raise interest rates by 25 basis points. Policymakers also signalled that another rate increase could be delivered this year.
Oil prices moved lower for a third consecutive session as traders assessed improving supply prospects and developments surrounding the US-Iran conflict. Brent crude fell below $104 a barrel after declining more than 3% over the previous two sessions. West Texas Intermediate traded near $101 a barrel.
Stock Market Live: Broader Markets Outperform As Metal Stocks Lead Gains
The Nifty Midcap 150 rose nearly 1.5%, led by Adani Total Gas with a gain of more than 12.5%. The Nifty Smallcap 250 advanced over 1.5%, with Poonawalla Fincorp rising almost 11%.
Adani Ports led Nifty 50 gainers with a rise of nearly 5%. Nifty Metal gained over 1.5%, while Nifty IT fell more than 1%, led by a decline of almost 4% in TCS.
Stock Market Wrap: Nifty Settles 0.33% Higher, Sensex Ends Flat
- The Nifty 50 settled 75.80 points higher at 23,346.40, compared with its provisional close of 23,341.85 at 3:15 p.m.
- The Sensex settled 19.63 points lower at 74,294.96, reversing its provisional gain of 245.38 points.
Stock Market Live: Nifty Gains 0.31%, Sensex Rises 245 Points At Provisional Close
The Nifty 50 provisionally closed 71.25 points higher at 23,341.85. The Sensex gained 245.38 points, or 0.33%, to 74,559.97.
Stock Market Live: NSE IPO Fully Subscribed On Day 2
The NSE IPO was fully subscribed as of 2:50 p.m. on Day 2. The NII portion was booked 1.35 times, while the QIB segment was subscribed 1.32 times.
The employee portion was subscribed 1.35 times, while the retail segment was booked 0.65 times.
Stock Market Live: Grasim To Temporarily Shut Canada Pulp Unit
Grasim Industries will temporarily shut the pulp manufacturing unit operated by its Canadian joint venture at Nackawic, according to an exchange filing.
The company holds a 45% stake in the joint venture and has invested Rs 187.4 crore in the business.
Stock Market Live: India’s August Diesel, Gasoline Exports Decline
- India’s diesel exports fell 19.2% year-on-year to 2.1 million tonnes in August, while gasoline exports declined 14.5% to 1.3 million tonnes, Bloomberg reported.
- Crude oil imports fell 3% to 19 million tonnes.
Stock Market Live: NSE IPO Fully Subscribed On Day 2
The NSE IPO was subscribed 1 time as of 2:44 p.m. on Day 2. The NII portion was booked 1.35 times, while the QIB segment was subscribed 1.32 times.
The retail portion was subscribed 0.65 times.
Stock Market Live: Jindal Supreme IPO Subscribed 125.92 Times On Day 3
The Jindal Supreme IPO was subscribed 125.92 times as of 2:38 p.m. on Day 3. The NII portion was booked 261.90 times, while the retail segment was subscribed 118.73 times.
The QIB portion was subscribed 36.51 times.
Stock Market Live: KNR Constructions Transfers KNR Guruvayur Stake To Indus Infra Trust
KNR Constructions completed the transfer of its stake in KNR Guruvayur to Indus Infra Trust, according to an exchange filing.
The company received Rs 486 crore from the transaction against its investment of Rs 193.3 crore in the special purpose vehicle.
Stock Market Live: Mankind Pharma Seeks Lower Input Costs To Keep Medicines Affordable
Mankind Pharma CEO Sheetal Arora said the government should press distributors and companies to reduce input costs so patients do not face higher medicine prices, according to Informist.
Arora said the company is working to reduce its dependence on imported raw materials.
Stock Market Live: Nuvama Retains Buy On Coal India, Sets Rs 454 Target
Nuvama maintained its Buy rating on Coal India with a target price of Rs 454. Channel checks indicate continued volume growth in September, with sales volumes expected to rise more than 10% year-on-year on firm power demand.
The brokerage said e-auction prices rose above 65% in September and the stock’s valuation factors in the negatives.
Stock Market Live: Titan Sees 30% Growth In Watches Priced Above Rs 25,000
Titan told NDTV Profit that sales of watches priced above Rs 25,000 are growing 30%. The company expects mechanical watch sales to increase and will continue investing in its smartwatch business.
Titan said analogue watches and smartwatches continue to coexist in India, with consumer interest in brands such as Vetra.
Stock Market Live: Net Direct Tax Collection Rises 13% To Rs 12.1 Lakh Crore
Net direct tax collection rose 13% to Rs 12.1 lakh crore between April 1 and Sept. 17, reaching 45% of the FY27 Budget target. Gross collection increased 15.2% to Rs 14.3 lakh crore, while refunds rose 29.2% to Rs 2.2 lakh crore.
Net corporate tax collection grew 19.5% to Rs 5.6 lakh crore. Securities transaction tax collection increased 52.9% to Rs 40,214 crore.
Stock Market Live: Maruti Suzuki’s Rail Dispatches Reach 10 Lakh Vehicles
Maruti Suzuki has dispatched 10 lakh vehicles through its in-plant railway terminals since operations began in 2023, the company told PTI. The Gujarat facility accounted for 7.9 lakh vehicles, while the Manesar facility handled 2.1 lakh units.
The automaker aims to increase the share of rail-based vehicle dispatches to 35% by FY31 from 26.5% in FY26.
Stock Market Live: FSSAI Initiates Legal Action Against Nestle India
FSSAI has filed three adjudication cases against Nestle India over alleged non-compliance involving NAN Excella Pro Stage 1, Lactogen Pro 1 and a follow-up formula product.
The regulator flagged promotional claims for two infant nutrition products and said a follow-up formula sample did not meet the prescribed biotin requirement.
Stock Market Live: Power Grid Board Approves Fundraise Of Up To Rs 5,000 Crore Via Bonds
- Power Grid Corporation of India said its board has approved a fundraise of up to Rs 5,000 crore.
- The company plans to raise the funds through a bond issue on a private placement basis.
- The development was disclosed in an exchange filing.
Stock Market Live: Nuvama Maintains Buy On Coal India With Rs 454 Target Price
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Nuvama has maintained its Buy rating on Coal India with a target price of Rs 454.
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The brokerage said its channel checks indicate continued volume growth in September and expects sales volume growth of more than 10% year-on-year on the back of firm power demand.
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Nuvama noted that e-auction prices have risen above 65% in September.
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The brokerage said concerns around the stock are already reflected in the valuation and continues to view the stock as attractively valued.
Stock Market Live: Table Space, Hillhouse Acquire Majority Stake In Philippines-Based KMC Solutions
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Real estate firm Table Space, along with Hillhouse's Rava Partners, has acquired a majority stake in KMC Solutions, a Philippines-based managed workspace and HR solutions company.
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The acquisition is part of Table Space's strategy to expand its managed office space business.
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KMC Solutions provides managed workspace and human resources solutions in the Philippines, according to the company's statement.
Stock Market Live: Skyways Air Sees Strong Overseas Growth, Eyes Expansion In Asia
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Skyways Air said it has been able to secure additional capacity from India and Europe, while capacities in the Middle East have been affected by the ongoing war.
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The company said its overseas business continues to see strong momentum and that it has been able to pass on higher fuel costs to customers.
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Skyways Air said revenue growth in the first quarter was driven by higher pricing per kilogram and added that the air cargo business remains robust.
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The company said it is witnessing broad-based growth across categories and is looking to expand into Indonesia and the Philippines as part of its wider Asia expansion plans.
Stock Market Live: KS Smart Tech Secures Rs 127 Crore Order From Punjab Education Department
- KS Smart Tech has received an order worth Rs 127 crore from the Punjab Education Department.
- The contract involves deploying IT infrastructure across educational institutions.
- The company disclosed the order win in an exchange filing.
Stock Market Live: Vedanta Board Approves Fundraise Of Up To Rs 3,500 Crore Via NCDs
- Vedanta's board has approved a fundraise of up to Rs 3,500 crore.
- The company plans to raise the funds through non-convertible debentures (NCDs) on a private placement basis.
- The development was disclosed in an exchange filing.
Stock Market Live: Vedanta Board Approves Fundraise Of Up To Rs 3,500 Crore
Vedanta will raise up to Rs 3,500 crore through non-convertible debentures on a private placement basis, according to an exchange filing.
Stock Market Live: Supreme Court Stays High Court Order Striking Down Section 147A
The Supreme Court stayed a High Court order that struck down Section 147A of the Income Tax Act, Informist reported. The provision allows assessing officers to undertake retrospective reassessment.
Stock Market Live: SS Retail IPO Subscribed 14.67 Times On Day 3
The SS Retail IPO received bids for 14.67 times the shares on offer as of 11:32 a.m. on Day 3. The NII portion was subscribed 35.88 times, while the retail segment was booked 14.78 times.
The QIB portion was subscribed 0.30 times.
Stock Market Live: Spice Lounge Food Signs MoU With Indian Emulsifiers
Spice Lounge Food signed a non-binding agreement with Indian Emulsifiers that will provide access to the company’s emulsifier product line, according to an exchange filing.
Stock Market Live: Hero Motors IPO Subscribed 4.29 Times On Day 3
The Hero Motors IPO received bids for 4.29 times the shares on offer as of 11:17 a.m. on Day 3. The retail portion was subscribed 6.18 times, while the NII segment was booked 5.51 times.
The QIB portion was subscribed 0.07 times.
Stock Market Live: SS Retail Plans Over 200 New Stores In Maharashtra
SS Retail’s Sagar Patil and Siddharth Shah told NDTV Profit that the company will use its IPO proceeds to open more than 200 stores in Maharashtra. The company operates 536 stores across five states, including more than 400 in Maharashtra.
SS Retail expects volumes to decline this year but sees growth in average selling prices as smartphones move towards premium products.
Stock Market Live: Apple Pay Eyes India Launch With Axis Bank Next Month
Apple is preparing to launch Apple Pay in India next month with Axis Bank credit cards, three sources familiar with the matter told Reuters.
Apple has also held discussions with HDFC Bank and ICICI Bank, but commercial terms have not been agreed.
Stock Market Live: Bajaj Asset Management Favours Private Banks, Pharma And Small-Caps
Nimesh Chandan of Bajaj Asset Management told NDTV Profit that the fund house remains positive on private banks, capital markets, pharma, commodities, AI and digital businesses. Chandan expects small-cap stocks to continue outperforming.
Chandan said elevated oil prices are not alarming for markets and investors appear prepared for further rate increases. He put the Nifty 50’s intrinsic value at 27,000.
Stock Market Live: Shapoorji Pallonji Mistry Backs Public Listing Of Tata Sons
Shapoorji Pallonji Mistry</Shapoorji Pallonji Mistry> welcomed the Reserve Bank of India’s decision regarding Tata Sons and said the regulatory path towards compliance and listing is clear.
Mistry said the Shapoorji Pallonji Group is prepared to work with Tata Sons and called for the listing process to strengthen transparency, governance and public accountability.
Stock Market Live: Concord Biotech’s Ahmedabad Unit Gets One US FDA Observation
The US FDA concluded its inspection of Concord Biotech’s Ahmedabad unit with one observation, according to an exchange filing. The company said the observation was procedural and not related to good manufacturing practices.
Stock Market Live: India Aims To Double EU Exports In Three To Four Years
India aims to double exports to the European Union in three to four years and plans to engage with all EU member states by March 2027, government sources said. Exporters will work on expanding capacity and meeting EU standards.
India secured a 2.8 million tonne EU steel quota, with shipments outside the quota facing a 50% tariff. The EU’s Carbon Border Adjustment Mechanism will apply, while India has sought faster approval for six domestic verification bodies.
Stock Market Live: Edelweiss Mutual Fund Sees Nearly 100 IPOs By Year-End
Edelweiss Mutual Fund President Bharat Lahoti said IPO valuations have become more balanced, with more companies from fast-growing sectors entering the market.
Lahoti said 25% of newly listed companies have not delivered returns, while several are trading below their listing prices. Corporate governance remains a key criterion for IPO investments.
Stock Market Live: Redington Targets 2.5% EBITDA Margin
Redington CEO VS Hariharan said the company aims to raise its EBITDA margin to 2.5% as it expands into AI infrastructure, data centres and cloud services.
The company plans to shift from distribution to orchestration as enterprises increase graphics processing unit adoption. Hariharan said the premium customer segment is growing faster, while profitability has risen to 2% from 1.5%.
Stock Market Live: Syrma SGS, Adani Total Gas Lead Buzzing Stocks
Syrma SGS Technology rose 6.24% to Rs 1,718.70, while Adani Total Gas gained 5.90% to Rs 621.65. Bombay Burmah Trading Corporation advanced 5.70% to Rs 1,479.20.
Tata Chemicals fell 7.28% to Rs 722.60 and recorded trading volume of 42.4 lakh shares.
Stock Market Live: Adani Total Gas Rises Nearly 6%
- Adani Total Gas rose 5.72%, while Adani Green Energy and Adani Energy Solutions gained 1.93% and 1.86%, respectively.
- Ambuja Cements and ACC advanced 1.51% and 1.21%, while Adani Power gained 0.91%.
Stock Market Live: Steel Stocks In Focus As Raipur Billet Output Falls
Integrated plants in Raipur have stopped billet production and shifted to electricity sales amid a power shortage, according to NDTV Profit channel checks.
Lower billet supply may raise prices and increase costs for TMT bars and secondary steel. The development could affect JSW Steel, Tata Steel, SAIL, Jindal Steel, Jindal Stainless, Godawari Power & Ispat, Shyam Metalics, Gallantt Ispat and Sambhv Steel.
Stock Market Live: BPCL Leads Gains Among Oil Marketing Stocks
Bharat Petroleum rose 1.14%, while Indian Oil Corporation gained 0.51%. Hindustan Petroleum advanced 0.44%.
Stock Market Live: Reliance SEZ Refinery Operates At 70% Capacity In August
Reliance Industries’ SEZ refinery produced 2.1 million metric tonnes in August 2026, down 28% from a year earlier and 16% below target, according to PPAC.
The refinery operated at 70% capacity during the month.
Stock Market Live: Moody’s Raises India GDP Growth Forecast To 7%
Moody’s raised its India GDP growth forecast to 7% from 6%, citing stronger private consumption, capital formation and continued public infrastructure spending.
The revision also reflects signs of a revival in private investment and the economy’s resilience to the Middle East conflict.
Stock Market Live: Tata Chemicals Falls Over 7%, Tata Investment Drops 3%
Tata Chemicals fell 7.38%, while Tata Investment Corporation declined 3.17%. Tata Motors and TCS dropped 3.05% and 2.75%, respectively.
Tata Capital led the gainers, rising 1.54%, while Nelco and Voltas advanced 0.88% and 0.56%, respectively.
Stock Market Live: TCS Leads Decline Among IT Stocks
TCS fell 3.11%, while Coforge and Tech Mahindra declined 1.90% and 1.79%, respectively. HCL Technologies, Hexaware Technologies and Infosys dropped between 1.48% and 1.72%.
Oracle Financial Services Software rose 0.40%, while Latent View Analytics gained 0.12%.
Stock Market Live: Nifty Realty, Defence Lead Sectoral Gains As IT Falls
Nifty Realty rose 1.26%, while Nifty Defence gained 1.01%. Nifty Pharma advanced 0.78%, while Metal and Energy added 0.59% and 0.57%, respectively.
Nifty IT was the only sectoral loser, falling 1.73%.
Stock Market Live: HDFC Bank, ICICI Bank Lead Nifty Gains As IT Stocks Drag
HDFC Bank contributed 12.47 points to the Nifty 50’s rise, followed by ICICI Bank at 9.57 points and Larsen & Toubro at 9.18 points. Eternal and Bajaj Finance added 6.86 points and 6.76 points, respectively.
TCS pulled the index down by 16.16 points, while Infosys dragged it by 13.83 points. HCL Technologies, Tech Mahindra and ITC also weighed on the index.
Stock Market Live: Nifty Opens 0.31% Higher, Sensex Gains 253 Points
The Nifty 50 opened 72.50 points higher at 23,343.10. The Sensex gained 253.18 points to open at 74,567.77.
Stock Market Live: Kothari Industrial Corp Enters FMCG With Beverage Launch
Kothari Industrial Corporation has entered the FMCG segment with its first beverage portfolio under the CHUSIP Coco Twist brand.
Stock Market Live: Apollo Pipes Incorporates Apollo Ceramics Subsidiary
Apollo Pipes has incorporated a new subsidiary, Apollo Ceramics, adding a corporate restructuring and expansion-related development.
- Subsidiary incorporated as Apollo Ceramics.
Stock Market Live: Motisons Jewellers Approves Preference Share Redemption
Motisons Jewellers has approved the redemption of 50 lakh non-convertible redeemable preference shares.
- Redemption of 50 lakh non-convertible redeemable preference shares approved.
Stock Market Live: CMR Green Technologies Gives $4 Million Bank Guarantee
CMR Green Technologies has provided a bank guarantee for its US arm, adding a financial commitment-related corporate update.
- Bank guarantee of $4 million provided for US arm.
Stock Market Live: Central Mine Planning Signs Two Clean Energy MoUs
Central Mine Planning has approved draft MoUs covering clean energy, critical minerals and coal gasification research.
- Draft MoU with OIL India approved for clean energy and critical minerals.
- Draft MoU with CSIR-CIMFR approved for coal gasification research.
Stock Market Live: PVR INOX Opens Three-Screen Multiplex In Gurugram
PVR INOX has added a three-screen multiplex in Gurugram, marking another expansion of its cinema network.
Stock Market Live: Lemon Tree Hotels Opens 80-Room Property In Jabalpur
Lemon Tree Hotels has expanded its operating portfolio with the opening of an 80-room hotel in Jabalpur.
Stock Market Live: Avenue Supermarts Opens New Store In Dharwad
Avenue Supermarts has added a new store in Dharwad, taking its total store count to 510.
Stock Market Live: GR Infra Faces Rs 90.8 Crore Guarantee Invocations
GR Infra has disclosed two guarantee-related actions by NTPC, involving mobilisation advance and insurance performance surety bonds.
- NTPC invokes Rs 49.5 crore mobilisation advance bank guarantee.
- NTPC invokes Rs 41.3 crore insurance performance surety bonds.
Stock Market Live: Sambhv Steel Says Regulation 166A Does Not Apply
Sambhv Steel Tubes has clarified that Regulation 166A does not apply to its current preferential issue and that the proposed allotment will not change control.
- Regulation 166A not applicable to present preferential issue.
- Proposed allotment does not result in change in control.
Stock Market Live: Ind-Swift Labs Approves Rs 34.3 Crore Preferential Warrants
Ind-Swift Laboratories has approved the allotment of warrants on a preferential basis, adding a fund-raising-related corporate action.
- Warrants worth Rs 34.3 crore approved for allotment on a preferential basis.
Stock Market Live: HCLTech Subsidiary Merger Gets NCLT Nod
Roto Pumps has received an NCLT approval related to the merger of its subsidiary Roto Energy Systems with the company.
- NCLT allows first motion application for merger of Roto Energy Systems with Roto Pumps.
Stock Market Live: HCLTech Board To Consider Q2 Results On October 12
HCLTech has scheduled its board meeting to consider second-quarter results, putting the October 12 results date on the market calendar.
- Board to consider Q2 results on October 12.
Stock Market Live: PB Fintech Denies Yashish Dahiya Resignation Speculation
PB Fintech has denied speculation about Chair and Group CEO Yashish Dahiya's resignation, confirming his continuation in both roles.
- Company denies speculation of Dahiya resigning.
- Dahiya continues as Chair and Group CEO.
Stock Market Live: NLC India Says Sanoj Kumar Jha Ceases As CMD
NLC India has reported a change at the top management level following the cessation of Sanoj Kumar Jha as CMD.
- Sanoj Kumar Jha ceases to be CMD.
Stock Market Live: NLC India Gets New CMD For Five-Year Term
NLC India has appointed Prasanna Kumar Acharya as CMD for five years, alongside changes to his earlier finance responsibilities.
- Prasanna Kumar Acharya assumes charge as CMD for five years.
- Relinquishes Director Finance and CFO role.
Stock Market Live: Share India Securities Acquires Enshrine Leasing
Share India Securities has completed an acquisition that gives it full ownership of Enshrine Leasing.
- Acquires 100% stake in Enshrine Leasing for Rs 39.7 crore
Stock Market Live: Sanofi India Promoter To Buy 15.2% Stake
Sanofi Healthcare plans to acquire up to a 15.2% stake in Sanofi India from Hoechst GmbH.
- Promoter Sanofi Healthcare to buy up to 15.2% stake from Hoechst GmbH.
Stock Market Live: HSBC Retains Reduce On Avenue Supermarts, Cuts TP To Rs 3,520
HSBC has retained its Reduce rating on Avenue Supermarts and marginally cut its target price to Rs 3,520 from Rs 3,530.
- Relative pricing is marginally better.
- Pricing differential for DMart Ready and DMart stores is marginally higher at around 5% and 10% versus online peers.
- Pricing is the only moat DMart has versus other retailers.
- Store additions remain skewed towards non-metros.
- HSBC describes the strategy as a disappointing status quo.
Stock Market Live: Investec Initiates Buy On Global Health, TP Rs 1,730
Investec has initiated coverage on Global Health with a Buy rating and target price of Rs 1,730, citing expansion beyond its core business.
- Scaling beyond its core.
- ARPOB growth to continue at mid to high single digit.
- Beds to double in five years, with most additions post FY29E.
- Operating metrics expected to improve.
- Forecast 16% revenue and 23% EBITDA CAGR for FY26-29.
Stock Market Live: Jefferies Retains Buy On Adani Power, TP Rs 270
Jefferies has retained its Buy rating on Adani Power with a target price of Rs 270, highlighting the company's planned capacity expansion and long-term power purchase agreements.
- Management reiterated target of expanding capacity by 2.5x to 45 GW by FY32.
- 56% of upcoming 23.7 GW capacity is already locked in under long-term PPAs.
- Company aims to tie up 100% of upcoming capacity.
- Jefferies believes Adani Power should see 22% EBITDA CAGR over FY26-30E.
- Expects company to turn FCF positive by FY30E from negative levels currently.
Stock Market Live: Bernstein Retains Outperform On Zydus Life, TP Rs 1,457
Bernstein has maintained its Outperform rating on Zydus Lifesciences with a target price of Rs 1,457, highlighting its opportunity in ALS and US innovation.
- Novartis' exit hands Zydus a clearer shot at ALS.
- Good data could put a second high-return US NCE on the board.
- Company is steadily building its innovation pyramid for US growth.
Stock Market Live: Jefferies Retains Buy On Adani Energy, TP Rs 2,060
Jefferies has maintained its Buy rating on Adani Energy Solutions with a target price of Rs 2,060, highlighting its transmission, trading and smart-metering businesses.
- Management remains upbeat on prospects of the trading business.
- India’s transmission outlook remains robust.
- Medium-term annual capex run-rate guidance of Rs 20,000-25,000 crore reiterated.
- Smart meters and trading business are ramping up well and will be key growth drivers.
Stock Market Live: Macquarie Retains Outperform On BEL, TP Rs 550
Macquarie has retained its Outperform rating on Bharat Electronics with a target price of Rs 550, while highlighting order timing as a factor for FY27 inflows.
- FY27 order inflow is down 50% YoY due to order timing.
- Maintains FY27 order inflow forecast of Rs 55,000 crore.
- Q1 FY27 provides strong revenue visibility.
Stock Market Live: Jefferies Retains Buy On Adani Ports, TP Rs 2,160
Jefferies has retained its Buy rating on Adani Ports with a target price of Rs 2,160, highlighting its long-term cargo growth plans and logistics expansion.
- Remains confident of achieving its 1 billion tonnes cargo target by 2030.
- Growth driven by organic expansion in domestic ports and ramp-up at international ports.
- Integrating technology into its port infrastructure remains a focus area.
- Logistics is a growth enabler for ports.
- Balance sheet remains strong, with potential to turn net cash by FY31.
- This indicates room for growth capex.
- Capital allocation remains a key focus area.
Stock Market Live: Jefferies Retains Buy On HDFC AMC, TP Rs 3,130
Jefferies has retained its Buy rating on HDFC AMC with a target price of Rs 3,130, citing multiple growth levers in India's mutual fund industry.
- India's MF industry has multiple growth levers.
- HDFC AMC is investing in physical distribution to expand into lower-tier markets.
- Investment and sales teams are being expanded to grow GIFT, AIF and PMS businesses.
- Jefferies expects 20% AUM and 14% operating profit growth over two years.
Stock Market Live: Jefferies Retains Buy On Adani Green, TP Rs 1,695
Jefferies has maintained its Buy rating on Adani Green with a target price of Rs 1,695, highlighting planned capacity additions and battery storage expansion.
- Management remains confident of adding 5 GW capacity in FY27E.
- Capacity addition timelines are being aligned with transmission infrastructure to mitigate curtailment risk.
- Plans to ramp up BESS capacity from 3.6 GWh currently to 10 GWh by FY27E remain on track.
- Capacity tie-up with Adani Energy Solutions caps merchant upside but improves earnings predictability
Stock Market Live: JPMorgan Retains Overweight On Hero Moto, TP Rs 6,845
JPMorgan has retained its Overweight rating on Hero MotoCorp with a target price of Rs 6,845, while highlighting changes in its business organisation and growth strategy.
- Organisation reorganised into four independent businesses.
- Market share strategy for ICE commuters, scooters and EVs has some levers.
- Wholesale and retail dynamics are diverging due to delayed festive inventory buildup.
- Exports have growth ambitions driven by a "local-for-local" strategy.
- 2W EV strategy follows a multi-pronged approach.
- Attractive valuation leaves scope for re-rating if Hero MotoCorp can hold market share through the upcoming festive period on a YoY basis and close the growth gap with peers over the medium term.
Stock Market Live: JPMorgan Hikes Pine Labs Target To Rs 190, Retains Neutral
JPMorgan has raised its target price for Pine Labs while retaining its Neutral rating, with monetisation of the acquiring business driving its EPS upgrades.
- Maintains Neutral.
- Target price raised to Rs 190 from Rs 145.
- Monetisation on the acquiring side is driving EPS upgrades.
Stock Market Live: JPMorgan Upgrades Paytm To Overweight, Hikes TP To Rs 2,100
JPMorgan has upgraded Paytm to Overweight and raised its target price, citing monetisation opportunities across two parts of the business.
- Rating upgraded to Overweight from Neutral.
- Target price raised to Rs 2,100 from Rs 1,300.
- Monetisation of two parts of the business is driving significant EPS upgrades.
Stock Market Live: JPMorgan Sees UPI Economics Improving With MDR
JPMorgan expects the introduction of merchant discount rate (MDR) on UPI to materially improve the economics of the payments ecosystem.
- MDR dramatically improves UPI economics.
- Industry revenue pool estimated at Rs 17,000 crore.
- Competitive activity likely to inch up.
Stock Market Live: Arvind Completes 26.6% Stake Buy In Torrent Urja 21
Arvind has completed the acquisition of a 26.6% stake in Torrent Urja 21, closing the announced stake purchase.
Stock Market Live: HCC Arm To Form JV With Ceigall India
An HCC subsidiary will incorporate a joint venture with Ceigall India for infrastructure works, adding a new project-development trigger.
- Arm to incorporate JV with Ceigall India.
- JV to undertake infrastructure works.
Stock Market Live: Orient Green Power Signs Rs 62 Crore EPC Contract
Orient Green Power has entered into an EPC contract with Renfra Energy covering two wind turbine generators.
- EPC contract worth Rs 62 crore.
- Contract covers two 3.3 MW wind turbine generators.
Stock Market Live: Time Technoplast Completes Rs 24 Crore Greenfield Plant
Time Technoplast has completed a greenfield packaging products plant, with the facility expected to generate Rs 100 crore revenue at 90% utilisation.
- Greenfield packaging products plant completed at a cost of Rs 24 crore.
- Plant expected to generate Rs 100 crore revenue at 90% utilisation.
Stock Market Live: Asian Paints Starts VAE Production At Dahej
Asian Paints has commenced production of vinyl acetate ethylene emulsion at its Dahej unit, adding capacity-related news to the stock's corporate developments.
- VAE production commenced at Dahej.
- VAE refers to Vinyl Acetate Ethylene Emulsion.
- Dahej unit has installed capacity of 1.5 lakh tonnes per year.
Stock Market Live: CLSA Retains Outperform On M&M Finance, TP Rs 425
CLSA has retained its Outperform rating on M&M Finance with a target price of Rs 425, highlighting the balance between net interest margins and asset quality.
- Found the balance between NIM and asset quality.
- AUM growth to pick up gradually in FY27.
- Sees meaningful scale-up in fee income.
- RoA continues to improve.
- At 11x PE, the price is right.
Stock Market Live: PTC India Incorporates Renewable Energy JV
PTC India has incorporated NIRL PTC Renewables, creating a fresh joint venture-related corporate trigger for the stock.
- JV company incorporated as NIRL PTC Renewables.
Stock Market Live: Kotak Flags Semiconductor Capacity Expansion Opportunities
Kotak Securities has highlighted several potential growth drivers across India's semiconductor and electronics manufacturing ecosystem.
- Kaynes' OSAT ramp-up remains a key monitorable, with customer validation underway and further capacity expansion plans under ISM 2.0.
- Dixon and Syrma are accelerating backward integration.
- Investments in displays, camera modules and PCBs aim to increase domestic value addition and enhance margins.
- Avalon and Cyient DLM could benefit from the emerging semiconductor equipment ecosystem.
- Potential new JVs, partnerships and capacity announcements under ISM 2.0 remain in focus.
Stock Market Live: Wipro, PTC India Lead Key Corporate Developments
Wipro and PTC India have announced separate developments spanning a strategic collaboration and a newly incorporated joint venture.
- Wipro collaborates with Aramco and SAP to launch Wipro STO360.
- PTC India incorporates JV company NIRL PTC Renewables.
Stock Market Live: Jefferies Retains Buy On Indian Hotels, TP Rs 875
Jefferies has maintained its Buy rating on Indian Hotels with a target price of Rs 875, citing continued momentum in India's hospitality sector.
- Management remains highly constructive on the long runway of India's hospitality upcycle.
- Strong Q1 momentum has sustained into Q2.
- Confidence remains in exceeding FY27 revenue growth guidance of 12-14%.
- Over the next few years, IHCL targets around 10% LFL growth and around 5% non-LFL growth.
- Growth is supported by a robust pipeline, new business growth and favourable demand-supply dynamics.
Stock Market Live: ESAF SFB Board To Consider Tier-II Bond Raise
ESAF Small Finance Bank will consider a Tier-II bond fund raise at its September 23 board meeting.
- Board to meet on September 23 to consider Tier-II bond fundraise.
Stock Market Live: Jefferies Retains Buy On L&T, Sets Rs 5,000 Target
Jefferies has retained its Buy rating on Larsen & Toubro with a target price of Rs 5,000, citing domestic private-sector and Middle East order flows.
- Management reiterated that Middle East and domestic private sector are driving order flow.
- FY27E guidance of 10-12% revenue growth factors in execution delays from the West Asia conflict and assumes H2 would be better.
- Thermal BTG and offshore HVDC order books are sizable and execution should pick up in the medium term.
- Earnings visibility and easing global tensions are key upside drivers.
Stock Market Live: CESC Board To Consider NCD Issue On Sept 22
CESC has scheduled a board meeting to consider issuing non-convertible debentures, putting the proposed debt raise on the market radar.
- Board to meet on September 22 to consider NCD issue.
Stock Market Live: Share India Securities To Consider Fund Raising
Share India Securities will consider a fund-raising proposal at its board meeting, while the company has also announced an acquisition.
- Board to consider fund raising.
- Company has acquired 100% stake in Enshrine Leasing for Rs 39.7 crore.
Stock Market Live: Vedanta Board To Consider Fund Raising
Vedanta has scheduled a board meeting to consider a fund-raising proposal, adding a financing-related corporate trigger.
Stock Market Live: PowerGrid Board To Consider Fund Raise
PowerGrid Corporation is among the companies scheduled to consider fund-raising proposals at board meetings.
- PowerGrid Corporation board to consider fund raising.
Stock Market Live: Avantel Board To Consider Merger Of Subsidiary
Avantel's board is scheduled to consider a merger involving its wholly owned subsidiary, putting the corporate restructuring proposal in focus.
- Board to consider and approve the scheme of merger of wholly owned subsidiary with Avantel.
Stock Market Live: Aavas Financiers To Issue Rs 9,000 Crore NCDs
Aavas Financiers plans to raise funds through privately placed non-convertible debentures after receiving RBI approval for its managing director.
- To issue NCDs worth Rs 9,000 crore via private placement.
- RBI approves Manu Singh as MD for five years.
Stock Market Live: Responsive Industries Drops Proposed Buyback Plan
Responsive Industries has decided not to proceed with its proposed buyback, removing a previously announced corporate action from the company's plans.
Stock Market Live: Four Stocks Enter F&O Ban Period
Bandhan Bank, Inox Wind, Manappuram Finance and SAIL are in the F&O ban period, making them key derivatives-market names to track.
- Stocks in ban period: Bandhan Bank, Inox Wind, Manappuram Finance and SAIL.
Stock Market Live: Petronet LNG To Form 50:50 JV For Biogas Plants
Petronet LNG will form an equal joint venture with Gruner Renewable Energy, with the proposed venture planning investments in biogas plants.
- To form 50:50 JV with Gruner Renewable Energy.
- JV to set up biogas plants with Rs 1,200 crore investment.
Stock Market Live: Wipro Partners With Aramco And SAP On STO360
Wipro has entered into a collaboration with Aramco and SAP to launch a solution focused on shutdown, turnaround and outage management.
- Pact to launch Wipro STO360 solution.
- Solution covers shutdown, turnaround and outage management
Stock Market Live: Oberoi Realty Allots 13.16 Lakh Sq Ft For Rs 7,891 Crore
Oberoi Realty has reported bookings linked to 13.16 lakh square feet of RERA carpet area, while also clarifying the status of its Gurugram project.
- 13.16 lakh sq ft RERA carpet area allotted for Rs 7,891 crore booking value.
- Company clarifies there is no stay on construction of its Gurugram project.
Stock Market Live: Federal Bank Approves $500 Million Note Programme
Federal Bank has approved a medium-term note programme that can include foreign currency bonds, adding a fund-raising-related trigger.
- Medium-term note programme of up to $500 million approved.
- Programme to include foreign currency bonds.
Stock Market Live: Skyways Air Revenue Jumps 93.1% In Q1
Skyways Air reported a sharp year-on-year increase in revenue for the quarter, alongside higher EBITDA and net profit.
Skyways Air (Q1, Consolidated YoY)
- Revenue up 93.1% to Rs 1,217 Cr versus Rs 630 Cr.
- EBITDA at Rs 49.9 Cr versus Rs 18.3 Cr
- EBITDA Margin at 4.1% versus 2.9%
- Net Profit at Rs 19.7 Cr versus Rs 6.8 Cr
Stock Market Live: Bharat Electronics Gets Additional Orders Worth Rs 648 Crore
Bharat Electronics has received additional orders worth Rs 648 crore since August 26, adding to its order-related market triggers.
- Additional orders worth Rs 648 crore since August 26.
Stock Market Live: GPT Infra Wins Rs 484 Crore RVNL Order
GPT Infra has secured a sizeable railway infrastructure order from RVNL, adding a fresh order win to the stock's trading cues.
- Order worth Rs 484 crore from RVNL.
- Contract covers railway bridge works.
Stock Market Live: Bharat Forge Opens QIP At Rs 1,947.70 Floor Price
Bharat Forge has opened its qualified institutional placement, making the fund-raising exercise a key corporate development for the stock.
- QIP opens at a floor price of Rs 1,947.70 per share.
Stock Market Live: Nifty, Sensex Recap
The Nifty 50 closed 0.23% higher at 23,270.60 on Thursday, while the BSE Sensex ended marginally lower, down 0.03% at 74,314.59. Gains in Pharma, Realty and auto stocks offset pressure from Metal and banking shares.
Broader markets outperformed the benchmark indices. The Nifty MidCap 100 rose 0.92%, while the Nifty SmallCap 100 gained 0.76%. Pharma and Realty were the top-performing sectors, with both indices rising more than 1.5%. Banks, Metal and Oil and Gas were the only sectoral indices to end lower.
Stock Market Live: Asian Markets Trade Higher
Asian markets opened higher, following a recovery in US stocks, while investors continued to assess the Federal Reserve’s latest interest-rate decision and the possibility of another rate increase this year.
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