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Mitessh Thakkar, Bonanza Portfolio:Buy CG Power: Stop loss ₹749, Target ₹785Buy IDFC First Bank: Stop loss ₹72, Target ₹77Buy Kotak Mahindra Bank: Stop loss ₹2,119, Target ₹2,195Buy NMDC: Stop loss ₹77.40, Target ₹82Shrikant Chouhan, Kotak Securities:Buy GMDC: Target ₹670-680Buy Punjab National Bank: Stop loss ₹111, Target ₹120

Rupee opens at 88.79/$ vs Thursday’s close of 88.78/$

Lyn Alden, Lyn Alden Investment Strategy On CNBC-TV18

Nilesh Shah To CNBC-TV18

Aloke Bajpai, Chairman, MD & Group CEO, ixigo

 TT Jagannathan, the founder of TTK Prestige and widely known as the “cooker pioneer,” has passed away.Jagannathan, renowned for his love of cooking, held a PhD in operations research from Cornell University and was awarded a medal by IIT Chennai. For the past fifty years, he actively served on the board of TTK Prestige, contributing to the growth of the iconic home appliances brand.

On Friday, October 10, investors will be watching shares of Le Travenues Technologies Ltd., the parent company of travel services aggregator Ixigo, as it intends to raise up to 1,296 crore by issuing preferential shares to a Prosus entity.

Through a preferential private placement issue of shares to MIH Investments One B.V., the board of Ixigo’s parent company authorised the issuance of 4.62 crore equity shares, or 10.1% of the firm’s existing stock.

Here’s a list of stocks that are in focus going intro trade today

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

Reliance Consumer Products Limited (RCPL) has relaunched Velvette, the iconic 1980s haircare brand, in a modern avatar in collaboration with the founding CK Rajkumar family. This move marks Reliance’s renewed push into India’s personal care market.The new Velvette range will include soaps, shampoos, conditioners, body wash, and talcum powders. It will first roll out in Tamil Nadu, followed by Andhra Pradesh and Telangana by December, with a nationwide launch planned for next year.T. Krishnakumar, Director of RCPL, told CNBC-TV18, “We felt Velvette was a good place to start building a personal care brand. We’ve taken the traditional formulation and built on it. It will be available at top outlets in Tamil Nadu in the next 4 weeks.”

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Kotak Mutual Fund has halted new investments in its Silver ETF, citing that silver ETFs are currently trading at a steep premium.Nilesh Shah, Managing Director of Kotak Mahindra AMC, said physical silver is in short supply, leading ETFs to trade at a significant premium to their underlying value.He added that the AMC remains constructive on silver, and the Silver Fund of Funds invests directly in the silver ETF. However, inflows into the Silver ETF Fund-of-Fund have been temporarily suspended.

Shah also noted that the premium on silver ETFs is due to a temporary discrepancy in the market.

Read The Full Story Here

Le Travenues | To Raise Up To ₹1,300 Cr Via Pref Issue Of Shares At An Issue Price Of ₹280/sh To Prosus

To Utilise Proceeds For Growth Opportunities, Working Capital RequirementsLyn Alden, Founder of Lyn Alden Investment Strategy on CNBC-TV18 – Key Points:Skepticism is growing over major changes in India’s energy sector.Precious metals should be considered long-term investments, at least for the next five years.By 2030, gold could outperform, though some turbulence is likely over the next six months.Silver may have limited upside from current levels, with signs of overbuying.Recent gains in precious metals suggest profit-taking or portfolio rebalancing is occurring.

Jubilant Pharmova US Arm ‘Jubilant Hollister Stier LLC’ launches new sterile fill & finish line in US, adds 50% capacity at Spokane facility

Jefferies on TCS

TCS Boardroom: K Krithivasan, CEO & MD + Aarthi Subramanian, ED, President & COO + Samir Seksaria, CFO + Sudeep Kunnumal, CHRO, TCS (boardroom)

LIVE ON CNBC-TV18 

Nuvama on TCSJPMorgan on Premier Energies – Key Points:Neutral rating with a target price of ₹1,019.Large growth expected in Indian solar cell capacities, with several new projects recently proposed.If all projects proceed, India could exceed 100 GW of cell manufacturing capacity by FY27-end.Local demand is unlikely to match this capacity.Significant oversupply could offset benefits from tariffs, DCR, and ALMM.Margins for Indian cell producers may decline materially.Proposed ALMM for wafers/ingots could offer partial compensation, but implementation is at an early stage and challenging to scale.Motilal Oswal Securities on Tata Elxsi – Key Points:Sell rating with a target price of ₹4,400.Demand continues to be soft.Management expects double-digit growth in FY27.Media and healthcare verticals face persistent headwinds.Valuations remain high at 52x 12-month forward P/E, considered difficult to justify amid current challenges.

TT Jagannathan, Chairman Emeritus of the TTK Group, passed away on Thursday night in Bengaluru.

Kotak Institutional Equities on Tata Elxsi – Key Points:Avendus on Tata Elxsi – Key Takeaways:

Revenue Growth Drivers

EBITDA Margins:

Key Growth Drivers:The India Mobile Congress 2025 in New Delhi has brought together leading players from the telecom and electronics sectors, with discussions focusing on Satellite Communications (SATCOM), AGR relief, and 5G applications.Telecom Minister Jyotiraditya Scindia pledged a rapid rollout of SATCOM services in India, highlighting the government’s push to stay aligned with global advancements.The event also highlighted government support for AGR relief to Vodafone Idea, expected to unlock pending funding and accelerate network deployment.

Arshad Fakhri, President of Prose Technologies, noted, “There were some funding roadblocks with another operator and some funds have been released. So, they are also going to deploy. I mean they have a backlog to cover. So, there will be an increased activity going forward.”

Learn More HerePrime Minister Narendra Modi on Thursday congratulated US President Donald Trump on the successful first phase of the US-brokered Gaza peace plan. Modi praised Trump for his efforts to end hostilities in the region.The conversation also touched on trade, amid ongoing tensions over US tariffs on Indian goods, including a 25% levy on India’s Russian crude oil imports. Modi noted that both leaders reviewed the “good progress” made in trade negotiations and agreed to remain in close contact over the coming weeks.In a post on X, Modi said, “Spoke to my friend, President Trump and congratulated him on the success of the historic Gaza peace plan. Also reviewed the good progress achieved in trade negotiations. Agreed to stay in close touch over the coming weeks.”Read The Full Story Here

HSBC On TCS

US Treasury Secy

Soon, We Are Going To See Rebalancing Where India Buys Less Russian Oil

India Is Going To Start Rebalancing Over the Next Few Weeks & Months In Favour Of US Oil

Tata Consultancy Services (TCS) reported its Q2 results with a net profit of ₹12,075 crore. Revenue came in at ₹65,799 crore, while EBIT stood at ₹16,565 crore.Margins expanded to 25.2%, and constant-currency revenue grew 0.8% during the quarter.On a sequential basis, net profit rose 3.8% quarter-on-quarter, revenue increased 3.7%, EBIT grew 6.8%, and margins improved to 25.2% from 24.5% in Q1, with CC revenue growth turning positive at 0.8% versus -3.3% in the previous quarter.

TCS also announced strategic investments and initiatives, including a new business entity to build AI infrastructure, a 1 GW capacity AI data center in India, and the acquisition of ListEngage, which has deep capabilities in Salesforce.

CLSA On TCS

On Friday, October 10, investors will be watching shares of Tata Consultancy Services (TCS), the biggest provider of IT services in India, as they respond to their quarterly results that were released on Wednesday after market hours.

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