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Neeraj Akhoury of Shree Cement said the company expects about 6% volume growth in FY26 and plans to pass GST benefits to customers to drive demand.

He expressed confidence that recent GST rate cuts will support overall industry growth.

Additionally, Shree Cement anticipates its premium cement sales to increase from 17% to 18–20%.

Rupee extends losses, hits new record low of ₹88.56 against the US Dollar

Jamie Dimon, the head of the biggest bank in the world, JPMorgan Chase & Co., believes that while the US economy is deteriorating, it is not a “disaster.”

Dimon made it clear in an exclusive interview with CNBC-TV18 on Monday that he is a bit more cautious than most others when it comes to inflation.

Birlasoft stated that it does not expect any immediate major impact from the recent H-1B visa fee increase.

Chief Economic Advisor Anantha Nageswaran said he is not worried about the rupee’s recent decline, adding that India’s strong forex reserves and low external debt keep the currency well-protected.

Read Full ArticleMarkets have pulled back from early gains, with all major indices trading lower and the Nifty slipping below 25,200.

India is non-aligned, and it should stay that way. America should find a way to be India’s best friend, even as India remains non-aligned.

JBM Auto shares surged 6% after the UAE’s Al Habtoor Motors was appointed as the exclusive importer of the company’s electric buses.

Tata Motors has made a strong start to the festive season, recording 10,000 vehicle deliveries and over 25,000 enquiries on the first day of Navratri.

Sudarshan Sukhani, Technical Trends Sell Astral with a stop loss of ₹1,463Sell Havells with a stop loss of ₹1,611Buy Cholamandalam Finance with a stop loss of ₹1,600Buy Tata Steel with a stop loss of ₹168

Mitessh Thakkar of Bonanza PortfolioBuy Info Edge for a target price of ₹1,465 with a stop loss of ₹1,385Buy Bharat Electronics for a target price of ₹415-417 with a stop loss of ₹402Sell Bosch LTD for a target price of ₹38,600 with a stop loss of ₹39,800Sell Cipla for a target price of ₹1,500 with a stop loss of ₹1,560

IT Sector

The Indian Rupee has hit a record low

Market Watch: Amnish Aggarwal, Dir-Instl Research, PL Capital

Auto

Market opens flat, Nifty above 25,200

The shares of Hyundai Motors surged on Tuesday after the company recorded strong Navartri sales.

Rupee opens at 88.41/$ vs Monday’s close of 88.31/$

Zaggle Prepaid Ocean Services has partnered with Mastercard Asia/Pacific to launch co-branded domestic prepaid cards.

Maruti Suzuki described Sunday’s delivery of almost 30,000 passenger cars and the 80,000 enquiries it got as its best start to Navratri in the previous 35 years.

Hyundai Motor claimed that the market was strongly upbeat due to the auspicious beginning of Navratri, which was boosted by the momentum from the GST 2.0 reforms.

ACME Solar has secured ₹1,100 crore in refinancing from the State Bank of India (SBI) for its 300 MW solar project in Rajasthan.

Mark Matthews, Bank Julius Baer & Co To CNBC-TV18

Here are some stocks to look out for today

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

Subscriptions for Solarworld Energy Solutions’ initial public offering (IPO), which offers engineering, procurement, and construction (EPC) services for solar power projects, will go live on Tuesday, September 23, and end on September 25. Through the IPO, the company hopes to raise 490 crore.

With a lot size of 42 shares, the IPO price range has been set at ₹333 to ₹351 per share. Retail investors must make a minimum investment of ₹14,742.

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

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