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Sensex Today | Stock Market LIVE Updates: JBM Auto extends gains to 10%; Nifty rises towards 25,100

Published on 12/09/2025 11:05 AM

Manas Jaiswal, Technical Analyst, manasjaiswal.com

On Reliance Industries

Manish Chokhani, Director of Enam Holdings

Manas Jaiswal, Technical Analyst, manasjaiswal.com

On BEL

Bhavesh Shah of Equirus on CNBC-TV18

Sumeet Abrol, Partner and National Leader-Deals at Grant Thornton Bharat LLP on CNBC-TV18

Market Watch: Manas Jaiswal, Technical Analyst, manasjaiswal.com

Buy Mazagon Dock Shipbuilders with a stop loss of ₹2,840 and a target of ₹3,050Buy Hindustan Zinc with a stop loss of ₹444 and a target of ₹465

The rupee witnessed range-bound trading in morning deals on Friday (September 12) and depreciated 7 paise to 88.42 against the US dollar, as tariff-led pressure on India’s exports and sustained foreign fund outflows dented investors’ sentiments.

 

Vinay Rajani – Sr Technical & Derivative Analyst, HDFC Securities

Buy Mazagon Dock Shipbuilders with a stop loss of ₹2,770 and a target of ₹2,950Buy Axis Bank with a stop loss of ₹1,085 and a target of ₹1,140#CNBCTV18Market | Sharp surge in defence stocks, #ParasDefence up nearly 6% pic.twitter.com/ylvTMLMo1D

— CNBC-TV18 (@CNBCTV18Live) September 12, 2025

 

Following a downgrade by international broking firm Morgan Stanley, shares of Gujarat State Petronet Ltd. (GSPL) are trading down on Friday, September 12.

The broking reduced the price target by 35% to ₹295 from ₹452 when it downgraded Gujarat State Petronet from its previous ‘Overweight’ rating to ‘Equalweight’.

Atim Kabra, Director of Business Development & Strategy at Astra Microwave Products on CNBC-TV18

 #CNBCTV18Market | #HindustanCopper at day’s high, up nearly 5% pic.twitter.com/a1CBBsafYJ

— CNBC-TV18 (@CNBCTV18Live) September 12, 2025

 

Shares of Lupin rose over 3% on Friday, September 12, following an upgrade from brokerage firm Investec. The stock has now gained for six consecutive sessions.

Investec raised its rating to ‘Buy’ from ‘Hold’ and increased the price target to ₹2,265 from ₹2,100, implying a potential upside of 14% from Thursday’s close.

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Irfan Razack of Prestige Estates said demand remains steady in Bengaluru and Hyderabad, with mid-income segments and ticket pricing showing healthy trends.

The company is in discussions with the Maharashtra government for a data centre in Navi Mumbai and is also exploring data centre projects in Andhra Pradesh, expecting good returns on investment.

In anticipation of better-than-expected industry growth, broking company Citi increased its price forecasts on auto giants Maruti Suzuki India Ltd., Mahindra & Mahindra Ltd., and Hyundai Motor India Ltd. on Friday, September 12.

 

PSU Banks in focus as Government-PSB two-day ‘Manthan’ begins today, Bank of Maharashtra down over 1%

Shrikant Chouhan, Kotak Securities

Buy GMR Infra with a stop loss of ₹85.50 and a target of ₹92-93Buy SAIL with a stop loss of ₹129 and a target of ₹140

Mitessh Thakkar, Bonanza Portfolio

Buy GAIL with a stop loss of ₹175 and a target of ₹190Buy Hindustan Zinc with a stop loss of ₹439.50 and a target of ₹460Buy Bharat Forge with a stop loss of ₹1,190 and a target of ₹1,250Buy SAIL with a stop loss of ₹128.50 and a target of ₹140

Auto stocks traded higher after Citi raised target prices for Maruti Suzuki, Mahindra & Mahindra, and Hyundai Motor India.

Manishi Raychaudhuri, Emmer Capital On CNBC-TV18          

Siddhartha Khemka, Hd-Research, Wealth Mgmt, Motilal Oswal

Lodha Developers

Nifty Bank slips to red

Lupin shares rose nearly 3% after Investec upgraded the stock to ‘Buy’ from ‘Hold’ and raised the target price to ₹2,265 from ₹2,100.

#CNBCTV18Market | #JBMAuto up nearly 7% after unit bags $100 million IFC investment for e-buses pic.twitter.com/G2inU3zvNw

— CNBC-TV18 (@CNBCTV18Live) September 12, 2025

 

EnduranceTech acquires 8.9-acre leasehold plot in #TamilNadu to expand manufacturing operations in the southern region of India

Signs MoU with TN government to facilitate the company’s investment by way of regulatory, infra support

Shares of Macrotech Developers (Lodha) will be in focus on Friday, September 12, after the Maharashtra government signed an MoU with the company to develop a ₹30,000-crore green integrated data centre park.

The project involves an investment of ₹30,000 crore and is expected to create about 6,000 direct and indirect jobs.

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GAIL up over 2.5% on positive brokerage note

#JustIn | Representatives from insurance cos & #IRDAI likely to meet Central Board of Indirect Taxes & Customs (#CBIC) today. CBIC may tell insurance cos to pass on benefits of GST exemption on insurance to consumers, sources to @TimsyJaipuria pic.twitter.com/qW06AArNXM

— CNBC-TV18 (@CNBCTV18Live) September 12, 2025

 

Motilal Oswal Fin Svcs

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