Stocks to Watch – 25 September 2025

Corporate Announcements

Glenmark Pharma: Arm Glenmark Specialty signs exclusive licensing pact with Hengrui Pharma for Trastuzumab Rezetecan (SHR-A1811), a HER2-targeting antibody drug conjugate.

Newgen Software: Subsidiary signs a five-year Master Service Agreement with TCS N.V. worth €4.22 mn (~₹44 crore…[Read more]

Fund House Recommendations – 25 September 2025

Positive Calls

Tata Consumer (GS): Buy | Target Price: ₹1,290/sh

Bharti Airtel (CLSA): Outperform | Target Price: ₹2,035/sh

Radico (Jefferies): Buy | Target Price: ₹3,590/sh

L&T (MOSL): Buy | Target Price: ₹4,300/sh

Gland Pharma (MOSL): Buy | Target Price: ₹2,340/sh

ICICI Bank (Investec):…[Read more]

Market Updates

Macro & Commodities

Copper surged 4% overnight, hitting a multi-month high.

YTD 2025: +21% (vs. 2024: +7%, 2023: +2%).

Supply disruption at Freeport’s Grasberg mine driving price strength.

Investor Insight: Positive for Hind Copper, Vedanta; may lift margins in cables, wires, and capital goods companies.

Crude oil (Brent) c…[Read more]

Capri Global NCD IPO launch Brokers and Investors Conference Live
stream..

4.10 PM September 24 2024

Corporate Updates & Launches

Lemon Tree Hotels: Launches 44-room property in Andhra Pradesh; also signs new properties in Varanasi and Rewa.

Swiggy: Board approves transfer of quick commerce operations to Swiggy Instamart; divests Rapido holdings in two transactions worth a combined Rs 2,399 crore.

Infosys: Extends strategic collaboration with…[Read more]

Daily Market Update – 24 September 2025

Corporate Actions & Key Announcements

Sudarshan Chemical Industries: Q1 profit jumps 87% YoY to ₹55 cr; revenue up 296% to ₹2,507 cr.

Lemon Tree Hotels: Opens 44-room property in Andhra Pradesh; signs new hotels in Varanasi & Rewa.

Swiggy: Transfers quick commerce to Instamart; divests Rapido stake worth…[Read more]

IPO CONFERENCE | GLOTTIS LIMITED

Schedule:
Day / Date: Wednesday, September 24, 2025
Time: 4.00 P.M. Onwards
Venue: Lotus Room, Hotel Trident, Nariman Point, Mumbai

Management Details:
(1) Mr. Ramkumar Senthilvel, Promoter & Managing Director
(2) Mr. Kuttappan Manikandan, Promoter & Managing Director
(3) Ms. Rajasree, Chief Financial…[Read more]

Beat the Street Bulletin

ORDER WINS

HCC: Secures ₹2,566 crore Patna Metro contracts for underground tunnels and stations.

Dilip Buildcon: Wins ₹1,115 crore Kerala Industrial Corridor project via DBL-PSP JV.

Sahana Systems: Subsidiary Softvan secures ₹16.42 crore RailTel AI-powered solutions order.

ACQUISITION

Indian Hotel: Acquires ₹100.…[Read more]

Corporate Updates

• Godrej Industries – Approved allotment of NCDs worth ₹400 crore each under Series 1 and Series 2.

• KEC International – Secured orders worth ₹3,243 crore in international T&D business; YTD order intake now ~₹11,700 crore.

• KFin Technologies – Denied media reports of General Atlantic planning to offload 10–15% stake at 5…[Read more]

Spotlight: India’s Transmission Titans

Top 11 companies together hold a ₹1.46 lakh crore order book — driving power infrastructure growth.

Hitachi Energy India – ₹29,135 Cr
• Market leader in high-voltage transmission & smart grids.
• Strong global tech backing, EPC execution, renewable integration focus.

Kalpataru Projects – ₹26,725 Cr
• Le…[Read more]

Market Outlook – September 2025

Economy & Earnings
• Despite GST cuts and festive demand, the economy faces a white-collar employment crisis.
• Just 40 million high earners support 200+ million dependents, straining consumption.
• US tariffs (50%) continue to weigh on exports; tax cuts offset only ~50% of this damage.
• Nifty earnings, which dip…[Read more]

Fund House Recommendations – 23 September 2025

Nomura on Hyundai – Buy maintained, Target Price: ₹2,846/share (Positive)

Jefferies on Patanjali – Buy maintained, Target Price raised to ₹695/share (Positive)

Jefferies on Vishal Mega Mart – Buy maintained, Target Price: ₹175/share (Positive)

Citi on Shree Cement – Buy maintained, Target Price: ₹…[Read more]

Corporate Highlights | 22 September 2025

• Swan Defence & Heavy Industries: Signed MoU with Gujarat Maritime Board for a ₹4,250 Cr investment to expand Pipavav shipyard facilities (slipway, jetties, cranes, dredging).

• Shipping Corporation of India (SCI): Partnered with BPCL, HPCL, IOCL to jointly acquire, own, and operate vessels for inter…[Read more]

Fund Houses’ Recommendations (22 Sept 2025)

Autos & Mobility
• Maruti (Nuvama): Buy, TP ₹18,200 (Positive)
• TVS Motor (Nuvama): Buy, TP ₹4,100 (Positive)
• M&M (Nuvama): Buy, TP ₹4,200 (Positive)
• Hero MotoCorp (Nuvama): Buy, TP ₹6,200 (Positive)
• Eicher & Bajaj Auto (Nuvama): Downgrade to Hold (Neutral)
• Hyundai (Goldman Sachs): Neut…[Read more]

Fund House & Brokerage Calls

Adani Group

• MS on Adani Power: Initiate Overweight, TP ₹818. Sees 2.5x capacity & 3x EBITDA rise by FY33; new coal PPAs to improve earnings visibility.

• Jefferies on Adani Green: Buy, TP ₹1,300. Capacity expansion to 50 GW by 2030; 4.5–6.3 GW additions in FY26–27; valuations ~63% below peak multiples.…[Read more]

Stocks to Watch

Positive Developments

• Vedanta – Declared preferred bidder for Punnam Manganese block in Andhra Pradesh (152-hectare G4 exploration). Adds to mineral security and upstream diversification.

• John Cockerill India – Wins major Tata Steel contract for push-pull pickling line & acid regeneration plant at Jamshedpur. Boosts credent…[Read more]

Global Policy Signals: Fed Rate Cut and Implications for India and Emerging Markets

The U.S. Federal Reserve’s recent 25 bps rate cut marks the start of an easing cycle, reflecting concerns over slowing labor markets and persistent inflation pressures. Chair Jerome Powell emphasized that future policy decisions remain data-dependent, h…[Read more]

Buy-side call with the Management of Interarch Building Solutions

Date & Time 18th Sept @ 12:30PM.

Registration Link:
https://us06web.zoom.us/meeting/register/4Ef2dozaRy6OyiqveWVZQA

Management Representatives
1) Mr. Arvind Nanda (Managing Director)
2) Mr. Viraj Nanda (Executive Director)
3) Mr. Anil Chandani – President (Corporate Finance & S…[Read more]