Corporate Update -3rd Oct 2025

• Lemon Tree Hotels: Opened a 111-room property in Andhra Pradesh; signed pact for a 52-room hotel in Haridwar; launched a 67-room hotel in Navi Mumbai; rebranded Delhi property.

• Adani Green Energy: Commissioned 50 MW solar + 31.2 MW wind projects at Khavda, Gujarat, raising total operational renewable cap…[Read more]

VRIGHT Exchange – Daily Digest | Corporate & Economy Analysis for Oct 3, 2025

Macro & Market Sentiment
• Markets opened positive tracking global cues but faced volatility ahead of a heavy IPO pipeline next week (~₹27,000 crore).
• RBI’s reform push continues to drive optimism, especially in financials and manufacturing-linked names.
•…[Read more]

Key Context & Market Status

Holiday Notice: Equity markets (NSE, BSE) are shut today for Gandhi Jayanti & Dussehra.

With markets closed, today’s session is a “rest day” — but macro, global, and regulatory moves could shape momentum when trading resumes.

FIIs on Oct 1 logged net outflows of ~₹1,605 Cr while DIIs bought ~₹2,916 Cr.

Key re…[Read more]

Stocks in News – October 1, 2025

Positives

Suryoday SFB: Received full ₹314 Cr claim from National Credit Guarantee Trustee Company.

Sri Lotus: Launched two projects with GDVs of ₹700 Cr & ₹300 Cr.

HUDCO: Sanctioned ₹92,710 Cr and disbursed ₹25,839 Cr H1 loans; Q2 disbursement up 43.6% YoY.

RITES: Signed pact with Etihad Rail to deepen coll…[Read more]

IPO Watch (1st Oct 2025)

Pace Digitek: Subscribed 1.59x (QIBs 1.6x, NIIs 2.9x, Retail 1.0x).

Glottis: Subscribed 0.94x (QIBs 1.8x, NIIs 1.1x, Retail 0.6x).

Om Freight: Subscribed 2.23x (QIBs 4.0x, NIIs 4.7x, Retail 0.9x).

Fabtech Technologies: Subscribed 1.0x (Retail strong 1.2x).

Advance Agrolife: Subscribed 0.42x (low QIB demand).

LISTING UPDATE (1st Oct 2025 )

SOLVEX – SME
IPO PRICE: 72
LOT SIZE – INDIVIDUAL: 3200
LOT SIZE – HNI: 4800

LISTING PRICE: 68(-4₹,-5.56%)
LISTING LOSS – INDIVIDUAL: 12800/-
LISTING LOSS – HNI: 19200/-

SYSTEMATIC
IPO PRICE: 195
LOT SIZE – INDIVIDUAL: 1200
LOT SIZE – HNI: 1800

LISTING PRICE: 193.80(-1.20₹,-0.60%)
LISTING LOSS – INDIVIDUAL: 144…[Read more]

Today Total 8 IPO Listing ( 1 Oct 2025)

1️⃣MainBoard – Jain Recycling
2️⃣MainBoard – Epack Prefab
3️⃣MainBoard – BMW Ventures

4️⃣NSE SME – Gurunanak Agriculture
5️⃣BSE SME – Solvex Edibles
6️⃣BSE SME – Systematic Industries
7️⃣BSE SME – Justo Realfintech
8️⃣BSE SME – Praruh Technologies

LG Electronics India Ltd : IPO

Open: 07 Oct, 2025
Close:…[Read more]

UNDRAISING

Ola Electric: Subsidiary to raise ₹877.6 Cr via preference shares for EV/cell manufacturing expansion.

IPO

Finkurve Financial Services: NSE listing to commence Oct 1, 2025.

ORDER WINS

Atlanta: Bags ₹2,485 Cr Maharashtra expressway sub-contract from IRCON.

Adani Green Energy: Commences 408.1 MW Khavda (Gujarat) power project; total capacity now 16,486 MW.

Innovators Facade: Wins ₹93.77 Cr order from DLF for Chennai Downtown façade project.

CFF Fluid Control: Secures ₹11.69 Cr defence order for Navy’s P75 submarin…[Read more]

CORPORATE Update

Indian Renewable Energy Development Agency (IREDA)

Q2 YoY: Loan sanctions jump 86% to ₹33,148 Cr vs ₹17,860 Cr.

Loan disbursements up 54% to ₹15,043 Cr vs ₹9,787 Cr.

Pfizer

Secures a three-year reprieve from US tariffs on pharmaceutical imports imposed by former President Trump.

Pharmaceutical Sector

Trump’s 100% tari…[Read more]

Market snapshot -1 Oct 2025

Global risk tone mixed-to-cautious: US political noise (funding/standoff), central-bank caution and fresh trade/tariff headlines kept sentiment choppy.

India: markets are watching today’s RBI/MPC window and the corporate earnings calendar; breadth tilted slightly negative early in the session and FIIs remain net s…[Read more]

IPO / FPO Updates
• Trualt Bioenergy: Subscribed 71.9x on Day 3; strong QIB (159.2x) and HNI (98.6x) demand.
• Jinkushal Industries: Subscribed 65.1x; led by HNIs (146.4x).
• Pace Digitek: Subscribed 0.55x on Day 2; weak traction so far.
• Glottis Logistics: Subscribed 0.42x on Day 1.
• Om Freight Forwarders: Subscribed 1.39x on Day 1; strong HN…[Read more]

IPO Returns Since Listing (as of Sept 30, 2025)

Severe Underperformers

Dreamfolks: -80%

Tata Tech: -44%

Muthoot Micro: -42%

TVS Supply: -40%

Ola Electric: -29%

Bajaj Housing: -27%

Sula Vineyards: -26%

Campus Active: -26%

Vedant Fashions: -25%

NTPC Green: -13%

Honasa: -12%

Delhivery: -10%

HDB Financial: -10%

Hexaware: -8%

Flat /…[Read more]

Heavily Subscribed IPOs Turning Red!

The IPO frenzy is proving risky—several hot listings are now slipping below issue price. Remember: allotment ≠ guaranteed gains.

🔻 VMS TMT: -13.6%
🔻 Gem Aromatics: -28.0%
🔻 Mangal Electricals: -14.9%
🔻 Ganesh Consumer: -8.7%
🔻 Saatvik Green: -3.9%
🔻 Ivalue Infosolution: -4.5%
🔻 Shreeji Shipping: -4.7%
🔻 Pat…[Read more]

LISTING UPDATE

JARO
IPO PRICE: 890
LOT SIZE – RETAIL: 16
LOT SIZE – HNI: 240

LISTING PRICE: (+₹,+%)
LISTING GAIN: 0/-

SOLAR
IPO PRICE: 351
LOT SIZE – RETAIL: 42
LOT SIZE – HNI: 588

LISTING PRICE: 388.50(+37.50₹,+10.68%)
LISTING GAIN – RETAIL: 1575/-
LISTING GAIN – HNI: 22050/-

SESHAASAI
IPO PRICE: 423
LOT SIZE – RETAIL: 35
LOT SIZE – HNI…[Read more]

LISTING UPDATE

ATLANTA
IPO PRICE: 754
LOT SIZE – RETAIL: 19
LOT SIZE – HNI: 266

LISTING PRICE: 857(+103₹,+13.66%)
LISTING GAIN – RETAIL: 1957/-
LISTING GAIN – HNI: 27,398/-

GANESH
IPO PRICE: 322
LOT SIZE – RETAIL: 46
LOT SIZE – HNI: 644
LOT SIZE – HNI: 884

LISTING PRICE: 296.05(-25.95₹,-8.06%)
LISTING LOSS – RETAIL: 1193/-
LISTING LOSS – HNI…[Read more]

From Growth Engines to Red Zones: FMCG & IT in 2025

FMCG (Defensive No More):

PGHH: -9.17%

ITC: -15.14%

UBL: -22.49%

United Spirits: -22.53%

Colgate-Palmolive: -23.58%

Unimech: -30.06%

Varun Beverages: -32%

IT (Deep Correction):

Mphasis: -11.78%

LTIMindtree: -15.35%

Tech Mahindra: -16.84%

Coforge: -20.34%

Persistent: -21.52%

Wipro:…[Read more]

Top 10 Global Defence Companies & PE Ratios (as of September 30, 2025)

Lockheed Martin (US) – P/E: 27.23

Northrop Grumman (US) – P/E: 21.23

Raytheon Technologies (RTX, US) – P/E: 35.35

General Dynamics (US) – P/E: 21.45

Boeing Defence (US) – P/E: N/A (loss-making)

BAE Systems (UK) – P/E: 31.37

Thales (France) – P/E: 50.88

Safran…[Read more]

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]