INDIA PM MODI URGES CITIZENS TO AVOID NON-ESSENTIAL FOREIGN TRAVEL. ( INDIGO )
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SSWL: CO HAS RECORDED HIGHEST EVER MONTHLY NET TURNOVER OF RS 592 92 CRS IN AUGUST 2026, RECORDING GROWTH OF 54% YOY
STEEL STRIPS WHEELS: RECORDS GROWTH OF 53.62 % YOY AND A GROSS TURNOVER, OF RS. 687.51 CRS IN AUGUST 2026 AS AGAINST RS 475 06 CRS IN AUGUST 2025' THEREBY RECORDING A GROWTH OF 44.72 %YOY
NEW LISTINGS β
π MBECL: βΉ213 vs βΉ10 β +2,030%
π HY-TECH ENG βΉ75 vs βΉ53 β +41.51%
π OWAIS: βΉ81.05 vs βΉ79.50 β +1.95%
β‘οΈ MADHURKNIT: βΉ100 β 0%
β‘οΈ SYMBIOTEC: βΉ988 β 0%
π ABH: βΉ99 vs βΉ102 β -2.94%
π SKYWAYS: βΉ124 vs βΉ138 β -10.14%
π MBECL: βΉ213 vs βΉ10 β +2,030%
π HY-TECH ENG βΉ75 vs βΉ53 β +41.51%
π OWAIS: βΉ81.05 vs βΉ79.50 β +1.95%
β‘οΈ MADHURKNIT: βΉ100 β 0%
β‘οΈ SYMBIOTEC: βΉ988 β 0%
π ABH: βΉ99 vs βΉ102 β -2.94%
π SKYWAYS: βΉ124 vs βΉ138 β -10.14%
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Happiest Minds!
Listed in Sep 2020: Issue price βΉ166 ; Listing price βΉ350
CMP βΉ375
Within a year of listing, the stock hit approx βΉ1,550, nearly 9x the issue price & over 4x the listing price. The company looked set for super times.
At its peak, Happiest Minds was valued at ~βΉ22000 cr+ but the deal with ITC is being done at ~βΉ6,170 cr which is just ~15% above its listing market cap.
In hindsight, booking profits on euphoric moves does work sometimes!
Listed in Sep 2020: Issue price βΉ166 ; Listing price βΉ350
CMP βΉ375
Within a year of listing, the stock hit approx βΉ1,550, nearly 9x the issue price & over 4x the listing price. The company looked set for super times.
At its peak, Happiest Minds was valued at ~βΉ22000 cr+ but the deal with ITC is being done at ~βΉ6,170 cr which is just ~15% above its listing market cap.
In hindsight, booking profits on euphoric moves does work sometimes!
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GAS STOCKS
Natural Gas Price Hike By 14.5% MoM To $9.00/mBtu In Sept
Natural Gas Price Hike By 14.5% MoM To $9.00/mBtu In Sept
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AUROBINDO PHARMA ARM INCORPORATES NEW WHOLLY OWNED SUBSIDIARY
β’ Apitoria Pharma, a wholly owned subsidiary of Aurobindo Pharma, has incorporated Avogent Lifesciences Pvt Ltd on August 31, 2026.
β’ Initial subscribed share capital: βΉ5 Cr through 50 lakh equity shares of βΉ10 each.
β’ Apitoria Pharma will hold 100% stake in Avogent Lifesciences.
β’ The new subsidiary will operate in the pharmaceutical sector.
β’ Avogent will undertake manufacturing and marketing operations in India and overseas markets.
β’ Investment will be made through 100% cash subscription to the share capital.
β’ No governmental or regulatory approval is required for the incorporation.
β’ Apitoria Pharma, a wholly owned subsidiary of Aurobindo Pharma, has incorporated Avogent Lifesciences Pvt Ltd on August 31, 2026.
β’ Initial subscribed share capital: βΉ5 Cr through 50 lakh equity shares of βΉ10 each.
β’ Apitoria Pharma will hold 100% stake in Avogent Lifesciences.
β’ The new subsidiary will operate in the pharmaceutical sector.
β’ Avogent will undertake manufacturing and marketing operations in India and overseas markets.
β’ Investment will be made through 100% cash subscription to the share capital.
β’ No governmental or regulatory approval is required for the incorporation.
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KAYNES TECH, MUTHUKUMAR NARAYANASWAMY SAYS
Our Products Have Been Working Very Well, Don't See Any Issues w.r.t That
Standalone EMS Biz Is Doing Very Well
Will See Revenue Booking On Smart Meter Biz Only Once Receivable Improves
Planning To Reduce Receivables In Metering Biz By βΉ400 Cr
Confident That The Receivable Situation Will Improve By Q4FY27
Our Products Have Been Working Very Well, Don't See Any Issues w.r.t That
Standalone EMS Biz Is Doing Very Well
Will See Revenue Booking On Smart Meter Biz Only Once Receivable Improves
Planning To Reduce Receivables In Metering Biz By βΉ400 Cr
Confident That The Receivable Situation Will Improve By Q4FY27
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MUKKA PROTEINS:
CO. EXPANDS CIRCULAR BIO-ECONOMY FOOTPRINT: SCALING BENGALURUβS WET WASTE CONVERSION INTO HIGH-VALUE INSECT PROTEIN, OIL, COMPOST, AND HUMIC ACID
CO. EXPANDS CIRCULAR BIO-ECONOMY FOOTPRINT: SCALING BENGALURUβS WET WASTE CONVERSION INTO HIGH-VALUE INSECT PROTEIN, OIL, COMPOST, AND HUMIC ACID
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VENKATRAMAN NARAYANAN OF HAPPIEST MINDS TECH SAYS
Happiest Minds Is Valued At 15.1x EBITDA Vs 13.6x For ITC Infotech
ITC Infotech Is 2.17x Larger In Revenue & Profit, Has More Cash
ITC Will Hold Approx 74% Of The Combined Company Post-Integration
There Will Be No Open Offer Under The Current Transaction Structure
Combined Entity Is Targeting $1 Billion+ Revenue By FY28
Detailed Integration Discussions Have Not Yet Happened Yet
Happiest Minds Is Valued At 15.1x EBITDA Vs 13.6x For ITC Infotech
ITC Infotech Is 2.17x Larger In Revenue & Profit, Has More Cash
ITC Will Hold Approx 74% Of The Combined Company Post-Integration
There Will Be No Open Offer Under The Current Transaction Structure
Combined Entity Is Targeting $1 Billion+ Revenue By FY28
Detailed Integration Discussions Have Not Yet Happened Yet
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MILKY MIST, K RATHNAM SAYS
Overall, Q1 Was Robust For Co, Expect Similar Growth To Continue
Capacity Constraints In Yogurt Category Have Been Removed
Will Decide What The Maharashtra Land Will Be Used For In 3-4 Months
Blended Capacity Utilisation At 45-50%, Have Enough Growth Headroom
With Existing Capacity, Revenue Can Grow 2-3x; Will Incur Capex To Enter New Categories
Overall, Q1 Was Robust For Co, Expect Similar Growth To Continue
Capacity Constraints In Yogurt Category Have Been Removed
Will Decide What The Maharashtra Land Will Be Used For In 3-4 Months
Blended Capacity Utilisation At 45-50%, Have Enough Growth Headroom
With Existing Capacity, Revenue Can Grow 2-3x; Will Incur Capex To Enter New Categories
| HSBC/S&P Global August Final Manufacturing PMI At 52.8 Vs Est Of 53.0
π¨Alert: August Manufacturing PMI At 52.8, Weakest In Five Years
πAugust Manufacturing PMI At 52.8 Vs 53.5 In July
π¨Alert: August Manufacturing PMI At 52.8, Weakest In Five Years
πAugust Manufacturing PMI At 52.8 Vs 53.5 In July
UNITED BREWERIES: βΉ110 CR NEW CANNING LINE AT ELLORA BREWERY
β’ New canning line to be commissioned at Ellora Brewery, Maharashtra, in September 2026.
β’ βΉ110 Cr investment to expand capacity and support premiumisation.
β’ New line capacity: 40,000 cans/hour.
β’ Ellora Brewery currently has packaging capacity of up to 1.5 Mn cases/month.
β’ Initially to produce Kingfisher Strong, Kingfisher Premium, Bullet Strong & London Pilsner.
β’ New canning line to be commissioned at Ellora Brewery, Maharashtra, in September 2026.
β’ βΉ110 Cr investment to expand capacity and support premiumisation.
β’ New line capacity: 40,000 cans/hour.
β’ Ellora Brewery currently has packaging capacity of up to 1.5 Mn cases/month.
β’ Initially to produce Kingfisher Strong, Kingfisher Premium, Bullet Strong & London Pilsner.
M&M AUTO, NALINIKAΞ΀ΠGOLLAGUNTA SAYS
Traction Across The Portfolio Has Been Very Strong For Us; Hopeful Of A Strong Festive Season
Capacity Has Increased, On EV We Have Breached The 8,000 Mark This Month
Holding To The Mid-to-high Teens Growth For SUVs For FY27
Hard To Predict H2FY27 Growth At This Point In Time
Keeping A Close Watch On Commodities If Required, Will Look At Prices Again
We'll Have A Major Launch Coming Up In A Couple Of Quarters On eSUV & Capacity Will Increase
Traction Across The Portfolio Has Been Very Strong For Us; Hopeful Of A Strong Festive Season
Capacity Has Increased, On EV We Have Breached The 8,000 Mark This Month
Holding To The Mid-to-high Teens Growth For SUVs For FY27
Hard To Predict H2FY27 Growth At This Point In Time
Keeping A Close Watch On Commodities If Required, Will Look At Prices Again
We'll Have A Major Launch Coming Up In A Couple Of Quarters On eSUV & Capacity Will Increase
CHINA TO PROVIDE JAPANESE ENCEPHALITIS VACCINE FOR CHILDREN OF APPROPRIATE AGE IN TIBET, QINGHAI, XINJIANG
IZMO:
CO SAYS THE CAPABILITY HAS APPLICATIONS ACROSS RADAR, ELECTRONIC WARFARE, SECURE COMMUNICATIONS, AEROSPACE, SATELLITE COMMUNICATIONS AND ADVANCED WIRELESS SYSTEMS
CO SAYS THE CAPABILITY HAS APPLICATIONS ACROSS RADAR, ELECTRONIC WARFARE, SECURE COMMUNICATIONS, AEROSPACE, SATELLITE COMMUNICATIONS AND ADVANCED WIRELESS SYSTEMS
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COAL INDIA: AUGUST PRODUCTION DOWN 5.7% YoY
β’ Aug 2026 production fell 5.7% YoY to 47.5 MT vs 50.4 MT.
β’ Coal offtake rose 5.5% YoY to 60.6 MT.
β’ AprβAug FY27 production down 4.5% YoY to 267.5 MT.
β’ AprβAug cumulative offtake up 6.7% YoY to 322.9 MT.
β’ ECL, CCL & WCL reported strong production growth, while NCL, SECL & MCL declined.
β’ Aug 2026 production fell 5.7% YoY to 47.5 MT vs 50.4 MT.
β’ Coal offtake rose 5.5% YoY to 60.6 MT.
β’ AprβAug FY27 production down 4.5% YoY to 267.5 MT.
β’ AprβAug cumulative offtake up 6.7% YoY to 322.9 MT.
β’ ECL, CCL & WCL reported strong production growth, while NCL, SECL & MCL declined.
TATA MOTORS CV: AUG SALES UP 49% YoY TO 44,411
β’ Total CV sales at 44,411 units vs 29,863 last year; above estimate of 38,800.
β’ Domestic CV sales up 33% YoY to 36,619 units.
β’ International sales surged 227% YoY to 7,792 units.
β’ HCV truck sales rose 42%, while SCV cargo & pickups grew 34%.
β’ Passenger carrier sales increased 31% YoY to 4,701 units.
β’ Domestic MH&ICV sales up 31% YoY to 17,531 units.
β’ Total CV sales at 44,411 units vs 29,863 last year; above estimate of 38,800.
β’ Domestic CV sales up 33% YoY to 36,619 units.
β’ International sales surged 227% YoY to 7,792 units.
β’ HCV truck sales rose 42%, while SCV cargo & pickups grew 34%.
β’ Passenger carrier sales increased 31% YoY to 4,701 units.
β’ Domestic MH&ICV sales up 31% YoY to 17,531 units.
INDIA AUG. GST COLLECTIONS RUPEES 1.99T VS 1.74T (YOY) || AUG. GST COLLECTIONS RISE 14.8% YOY