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]

VRIGHT Exchange – Daily Digest | Corporate & Economy Analysis for September 24, 2025

Market Overview
• Indices: Indian equities extended their losses, with the Sensex dropping over 400 points and the Nifty falling below 25,100, marking a four-day losing streak.

• Sector Performance:
o IT: Tech Mahindra and Tata Motors were among the top Nifty…[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]

VRIGHT Exchange – Daily Digest | Corporate & Economy Analysis for September 23, 2025

Market Snapshot — 23 September 2025

Markets traded muted on 22 Sept 2025 amid profit-taking and sector rotation — infra, renewables and maritime saw selective strength on project/MoU news, while IT faced pressure amid policy and margin headlines; regul…[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]

Corporate Updates

• Senores Pharma – Infused $2 mn in its U.S. arm via rights issue.

• Unichem Labs – Faces fresh EC demand of €16.7 mn (total €19.5 mn).

• Allied Blenders – Debuts portfolio in Bengaluru duty-free travel retail.

• Sai Life Sciences – Opened new veterinary API facility in Bidar.

• Biocon Biologics – Yesafili (Eylea biosimi…[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]

VRIGHT Exchange – Daily Digest | Corporate & Economy Analysis for September 19, 2025

Market Overview & Sentiment

• After a three-day rally, Nifty 50 pared gains to close at ~25,423, while Sensex settled ~83,014, each rising ~0.37–0.39%, led by strong moves in IT and pharma stocks following the U.S. Fed’s rate cut and optimism around India–U…[Read more]