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Shares of Minda Corporation jumped up to 10% on Wednesday, September 24, following the company’s release of its Vision 2030 roadmap after market hours on Tuesday, which projects its revenue to more than triple by 2030.

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Adani group stocks lower, Adani Power & Adani Total Gas down over 4%

L&T partners with BEL for India’s 5th generation fighter aircraft programme

This year, power demand has remained weak, and around 40 GW of renewable energy projects are being re-tendered.

However, power demand is the backbone of the sector, and we remain positive on its outlook, with renewable energy capacity additions of 30–35 GW still achievable, said Nikhil Nigania, Director at Bernstein, to CNBC-TV18.

Gautam Shah, Founder, Goldilocks Global Research To CNBC-TV18

There are the top contributors to the fall in the value of Nifty today

Shares of Ashok Leyland, one of India’s leading commercial vehicle manufacturers, fell by up to 3% on Wednesday, September 24, after a global brokerage downgraded the stock.

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VIP Industries rose 2% after appointing Atul Jain, former Senior Director at Samsung Electronics, as its Managing Director for a five-year term.

Sandeep Poundrik, Secretary, Ministry of Steel Speaks Exclusively to CNBC-TV18

Bajaj Electricals shares rose more than 8% following its deal with Morphy Richards India.

SEPC | Bags Order Worth ₹75 Cr From Gefos Solutions For Supply Of Construction Materials

Shipbuilding Stocks are higher, with SCI up 3%, while Mazagon Dock and Garden Reach are up over 1%

Minda Corp surges in trade, up nearly 10% after cos says rev to scale 3.5x, margin to improve to 12.5%+ in FY25

On Wednesday, September 24, several analysts increased their price targets for Maruti Suzuki India Ltd. shares, predicting a further 17.5% upside potential for the country’s biggest passenger car manufacturer and even upgrading the stock.

In the past month, the stock has already increased by 12%.

Sushil Modi, Director-Finance at Lodha Group, to CNBC-TV18

Sudarshan Sukhani, Technical Trends

Buy Alkem Lab with a stop loss of ₹5,500

Buy HPCL with a stop loss of ₹418

Buy NMDC with a stop loss of ₹77

Buy SBI with a stop loss of ₹860

Mitessh Thakkar, Bonanza Portfolio

Buy IndusInd Bank with a stop loss of ₹745 and a target of ₹775

Buy Canara Bank with a stop loss of ₹118 and a target of ₹130

Buy Aurobindo Pharma with a stop loss of ₹1,090 and a target of ₹1,150

Sell Godrej Consumer with a stop loss of ₹1,210 and a target of ₹1,155

Market opens lower, with all the major indices in the red

SEPC has secured an order worth ₹75 crore from Gefos Solutions for supplying construction materials.

Marc Franklin, Deputy Head of Multi-Asset Solution-Asia at Manulife Investments, To CNBC-TV18

 Sources Say

Rupee opens at 88.72/$ vs Tuesday’s close of 88.75/$

In a block deal, 57 lakh shares of Coffee Day Enterprises, representing 2.7% of its equity, were traded at ₹44.45 per share, totalling ₹25 crore.

In a large block deal, 22.77 lakh shares of Akzo Nobel India, representing 5% of its equity, were traded at ₹3,359 per share, totalling ₹765 crore.

PhonePe has filed draft papers with SEBI for its IPO through the confidential pre-filing route.

The company aims to raise about ₹12,000 crore ($1.35 billion) entirely via an Offer for Sale (OFS).

Lupin is in focus as the Directorate General of Trade Remedies (DGTR) has started an anti-dumping duty (ADD) investigation on imports of ‘Ethambutol Hydrochloride’ from China and Thailand.

EPack Prefab Technologies will open its ₹504-crore IPO for subscription from September 24 to 26.

The Greater Noida-based company has set a price band of ₹194–₹204 per share, with a lot size of 73 shares.

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Jain Resource Recycling, part of the Jain Metal Group, will open its IPO for subscription from September 24 to 26, aiming to raise ₹1,250 crore.

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Marc Franklin, Deputy Head Of Multi Asset Solns, Asia, Manulife Investments To CNBC-TV18

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

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

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