News

Jefferies On Spirit Companies

Gold stayed close to a record at around $3,640 an ounce as traders awaited a likely Fed rate cut this week. Markets expect a quarter-point reduction, with scope for further cuts into next year amid signs of labour market weakness. here

#CNBCTV18Market | #CLSA‘s outperform call on #SamvardhanaMotherson: Target price raised to ₹124/sh, non-auto segment positioned as key driver of profitable growth. Focus on strong capital structure and biz diversification. Co targets 5x revenue in next 5 years while maintaining… pic.twitter.com/4XTcSpeM9E

— CNBC-TV18 (@CNBCTV18Live) September 15, 2025

GS On Havells

Nomura On Apollo Hospitals

Neutral Call, Target Price At ₹6,856/Sh

JPM On Tata Tech

Underweight Call, Target Price At ₹570/Sh

US President Donald Trump said he expects a “big cut” from the Federal Reserve at its upcoming meeting, which would mark the first policy easing in nine months. here

UBS on Persistent

Initiate Buy, TP ₹6730

UBS on Mhpasis

Initiate Buy, TP ₹3370

UBS on LTmindtree

Initiate Neutral,  TP ₹5830

Shares of BYD have fallen more than 30% from their peak just four months ago, erasing over $45 billion (about ₹4 lakh crore) in market value, as concerns grow over competition and a price war in China’s EV market. here

Mahesh Nandurkar – Jefferies

Weak FPI positioning & large India underperformance imply that any potential good news on India-US trade can cause a sharp market upswing – our base case. But beyond that, returns might be muted given the potentially large equity supply & high PE / weak earnings.

Strong domestic buying should prevent downside, though. A sideways market would be great for bottom-up ideas. In our model portfolio, we add/increase BAF, Radico, GMR and trim/cut Bandhan, ITC & INFO.

Vedanta Ltd. has settled its dispute with Chinese firm SEPCO over its power business, with SEPCO withdrawing arbitration claims. This removes the need for an NCLT hearing and clears a key hurdle for Vedanta’s demerger, now targeted for completion by September-end. here

Dev Accelerator’s ₹143.35-crore IPO, open from September 10 to 12, was subscribed nearly 64 times, receiving bids for 84.1 crore shares against 1.31 crore on offer. Share allotment will be finalised on Monday, September 15. here

South Korea has scrapped its plan to lower the capital gains tax threshold for stock investors, marking President Lee Jae Myung’s first major policy reversal. The proposal, which would have reduced the threshold from 5 billion won to 1 billion won, faced strong opposition from retail investors and triggered a market selloff in August. here

Shringar House of Mangalsutra’s ₹400.95-crore IPO, open from September 10 to 12, was subscribed 60.29 times, with bids for 102.59 crore shares against 1.7 crore on offer. Share allotment will be finalised on Monday, September 15. here

In August, major Indian mutual funds increased exposure to auto stocks, private banks, and quick commerce firm Eternal, while reducing or exiting positions in weaker performers. Here’s the list

Urban Company’s IPO was subscribed 103.63 times between September 10 and 12, receiving bids for over 1,106 crore shares against 10.67 crore on offer. Share allotment will be finalised on Monday, September 15. here

GIFT Nifty lower, trading at a discount of over 30 points from Nifty Futures Friday close, indicates a start in the red for the Indian market.

TRADE SET UP

US rate cuts set to resume this week

Global stocks started the week near record highs while the dollar was steady ahead of the Federal Reserve’s policy decision. The MSCI All Country World Index and Asia equity index hovered close to records. South Korea’s market rose 0.5% after a change in the capital gains tax threshold, while Australia’s slipped 0.6%. Cash trading in Treasuries was shut during Asian hours due to a holiday in Japan. here

In August 2025, GMR Airports Ltd. handled 93.49 lakh passengers throughout its facilities, a 3.5% year-over-year drop in passenger traffic. The decline occurred as overseas traffic increased somewhat while domestic passenger numbers stayed same.

International passenger traffic rose 2.8% year over year, but domestic passenger traffic remained mostly steady from the same period the previous year.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has awarded Shakti Pumps (India) Limited a new order worth ₹374 crore for the supply and installation of 34,720 off-grid solar water pumping systems as part of the government’s Magel Tyala Saur Krushi Pump Yojana/PM-KUSUM B program.

Farmers around Maharashtra fully reserved the most recent tranche, which included 12,451 systems valued at ₹347.41 crore, demonstrating the high demand for Shakti Pumps’ technology.

On Monday, September 15, investors will be watching shares of rice exporter KRBL Ltd. following the resignation of Anil Kumar Chaudhary, an independent director on the board, due to concerns about corporate governance.

In his letter to the board, Chaudhary stated that the board’s current dynamics do not align with the principles of independent monitoring and good governance, which are essential for protecting stakeholder interests.

Over the weekend, the newly listed Tata Group company, Tata Technologies Ltd., announced that it had acquired ES-Tec Group, Germany, for a total cash consideration of €75 million.

According to reports, the acquisition will increase Tata Technologies’ earnings per share starting in the first full year following its completion. It is anticipated that the deal will be finalised by December 31, 2026.

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