News

Sanjeev Prasad – Kotak Inst Eqt

Expects The Following

(1) stabilising earnings,

(2) strong growth in earnings in FY2027

(3) a steady macro to provide a ‘high’ floor to the market

The market may offer modest returns over the next 12-15 months, with growth in earnings being partly offset by lower multiples, as a result of 

(1) rich valuations across sectors and stocks, and

(2) global headwinds to act as a ‘low’ ceiling to the market.

Today, September 23, is the scheduled date for the public to subscribe for Seshaasai Technologies’ initial public offering (IPO). The ₹813.07-crore issuance consists of both a new issue and a selling offer. Public bidding for the IPO will continue until September 25.

Nomura on JSW Steel

Nuvama on Gujarat Flouro

Shares of Time Technoplast will be in focus on Tuesday, September 23, as they start trading ex-bonus following the company’s recent bonus share issue.

This adjustment may influence stock price and trading activity.

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Nomura on Hyundai

Nomura on Steel

IT service companies — Mphasis, Persistent Systems, Sasken Technologies, Cyient, Firstsource Solutions, and Coforge — have disclosed how the ongoing H-1B visa challenges could affect their financial results.

The visa restrictions may impact staffing and operations in the US, a key market for these companies.

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CLSA on Power Sector

UBS on Bandhan BK

Anand Rathi Share and Stock Brokers, a full-service brokerage, is launching a ₹745 crore IPO. The subscription opens on Tuesday, September 23, and closes on September 25.

This marks the second public offering from the Anand Rathi Financial Services group.

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Defence-related stocks such as Zen Technologies, IdeaForge Technology, and Taneja Aerospace are likely to be in focus on Tuesday, September 23.

This announcement follows Defence Secretary Rajesh Kumar Singh’s statement at Network18’s Reform Reloaded summit on September 22, in which he stated that the government will soon seek proposals for drone contracts worth ₹30,000 crore.

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HSBC on Phoenix Mills

HSBC on Axis Bank

As we enter the second day of trade, a BSE expiry trading session, some of the stocks in focus include KFin Technologies, Brigade Enterprises, and RVNL.

Check the full list of stocks here 

JPMorgan Chairman and CEO Jamie Dimon said India should remain the United States’ “best friend” while maintaining its stance of non-alignment.

Speaking at JPMorgan’s 10th Annual India Conference, Dimon voiced confidence in the long-term strength of US-India ties.

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TRADE SET UP

Amber Enterprises has completed a fundraising of ₹1,000 crore via a Qualified Institutional Placement (QIP). The company issued and allotted about 12.6 lakh shares to institutional investors, as approved by its board.

This move strengthens its capital base and provides funds for future growth.

Details Here

Jamie Dimon, the CEO of JPMorgan Chase, speaks exclusively to CNBC-TV18

Pidilite Industries’ shares will trade ex-bonus starting Tuesday, September 23, following the company’s earlier announcement of a bonus issue.

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GIFT Nifty flat, indicates a muted start for the Indian market

Mumbai Police’s Economic Offences Wing (EOW), which is investigating the IndusInd Bank case, questioned CFO Gobind Jain on Monday.

Jain maintained that he was the whistle-blower, saying he had flagged concerns multiple times, including in a letter to the PMO calling for an independent inquiry.

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For the second consecutive session, Indian stocks continued to decline, with the Nifty momentarily falling below 25,300. Despite a late recovery that helped reduce some losses, the index ended the day just above 25,200.

The Nifty had a gap-down of 89 points at the start, but it soon rebounded to close the gap.

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