Macro & Sentiment
• Oil: Extended decline on supply glut outlook; supportive for downstream OMCs.
• Gold: Topped $3,800 on U.S. shutdown fears; positive for gold financiers.
• F&O: Nifty Futures up marginally (0.02%); PCR climbed to 0.71 → bullish sentiment strengthening.

Trading & corporate housekeeping
• Listings / IPOs: Atlanta Electrica…[Read more]

Corporate Update

• PN Gadgil — Launched “LiteStyle” shop-in-shop at Nagpur to expand lightweight jewellery range.

• Zaggle Prepaid — Approved acquisition of 130,000 shares and an investment of up to ₹25 crore in Greenedge Enterprises.

• HMT — Agreed to write off ₹23.9 crore of uncertain interest on loans to subsidiary HMT Machine Tools.

• B…[Read more]

Corporate Updates
• IRFC: Signed two major loan agreements worth ₹16,489 cr to finance supercritical thermal power projects in Haryana & Maharashtra.
• BEL: Additional defence orders worth ₹1,092 cr covering EW upgrades, TR modules, EVMs, and spares.
• Man Industries: SEBI barred company & top executives from markets for 2 years over alleged f…[Read more]

Why EMS Stocks Are Down in Trade?
The Trump administration is reportedly considering tariffs on foreign electronic devices, with duties calculated based on the number of chips per product. The move aims to push companies to relocate manufacturing to the U.S., with enforcement by the Commerce Department.

Impact on EMS Players with U.S.…[Read more]

Non-Deal Roadshow | Ajmera Realty

Friday, 10th October 2025

Available slots:

10th October, Friday

3:00 PM to 4:00 PM (Broker Group)

4:30 PM to 5:30 PM (Investor Group)

Address -2nd Floor, Citi Mall, Link Road, Andheri (West), Mumbai – 400053

NCD Issue Brokers Conference | Capri Global Capital Ltd

Monday 29th September at 04:00 pm

Webinar Registration Link

https://zoom.us/j/93249876796?pwd=HqVZ4J8tHHQFpf57tttHqgFc5NNkli.1

Fund House Recommendations

BofA on United Spirits: Maintain Buy; target price ₹1,630/share

MS on IndusInd Bank: Upgrade to Equal Weight; target price ₹785/share

JP Morgan on Pidilite: Maintain Overweight; target price ₹1,700/share

JP Morgan on VMM: Maintain Overweight; target price ₹158/share

JP Morgan on Marico: Maintain Overweight; target…[Read more]

Corporate & Economy News – 29 September 2025

Key Corporate Updates

Aurobindo Pharma – Will complete investment for 26% stake in Swarnaakshu by Dec 31; incorporated Curateq Biologics (Malta) as a wholly-owned subsidiary.

JK Paper – Acquired additional 20% stake (₹32.5 Cr) in Radhesham Wellpack, raising holding to 80%.

Lemon Tree Hotels – Appoi…[Read more]

Fund Houses – Key Recommendations

JP Morgan – Aegis Logistics: Maintain Buy, Target: Rs 895/sh

UBS – APL Apollo: Maintain Buy, Target: Rs 2000/sh

Nomura – HAL: Maintain Buy, Target: Rs 6100/sh
MOSL – HAL: Maintain Buy, Target: Rs 5800/sh

Nomura – Titan: Initiate Buy, Target: Rs 4275/sh

Nuvama – Capri Global: Maintain Reduce, Target: Rs 22…[Read more]

Stocks to Watch – Key Corporate Developments

RITES
Secured a $18 million Letter of Award from Talis Logistics, South Africa, for supplying and commissioning overhauled Cape gauge ALCO diesel-electric locomotives.

Ceigall India (CIL–JSPPPL JV)
Awarded Rs 509.2 crore project by GMADA for constructing internal roads in Aerotropolis, SAS Nagar. Cei…[Read more]

SME Updates

ITCONS E-Solutions – ₹3.85 Cr; 2-year HAL manpower contract.

Desco Infratech – Forms WOS; ₹1 lakh capital; focused on CBG.

Shree Refrigerations – ₹49.34 Cr defence orders; 7-month P17A delivery.

Oriana Power – Sets WOS; ₹1 lakh authorized capital; new-energy play.

Parin Enterprises – ₹19.40 lakh AAI Silchar furniture order.

A…[Read more]

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]

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]