FED'S BEIGE BOOK SAYS ECONOMIC ACTIVITY INCREASED MODESTLY SINCE EARLY JULY, WITH EMPLOYMENT RISING VERY SLIGHTLY OVERALL — THREE DISTRICTS SHOWING MODEST GAINS, FOUR REPORTING SLIGHT GAINS AND FIVE EXPERIENCING NO CHANGE.
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FED'S BEIGE BOOK SAYS THE GENERAL OUTLOOK FOR THE COMING MONTHS WAS POSITIVE BUT SENTIMENT WAS MIXED ACROSS SECTORS, WITH CONTACTS REPORTING HEIGHTENED UNCERTAINTY SURROUNDING THE EFFECTS OF HIGHER ENERGY PRICES.
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Other Stocks Watchlist
POSITIVE
Axiscades Tech-BM on Sept.5 for Rs 200cr fundraise via NCDs
Muthoot Finance-Shareholder nod for re-appointment of MD, CEO
Jeena Sikho Lifecare - To expand Ayurvedic healthcare portfolio
Jindal Worldwide, Shivalik Bimetal Controls -Re-appointment of MD
GMR Airports-CARE Ratings upgraded on existing NCBs
Power Grid- Wins bid for Rajasthan REZ transmission project
Kabra Extrusion Technik-LOI for battery-pack development and supply.
Fine Organics, RPG Life-Acquisition announcements
Indo-Tech Transformers-166cr order from AP TRANSCO
RBL BANK-To mull issuance of foreign currency bonds on Sept 7
NEGATIVE
Omaxe - SAT dismissed the company's appeal against SEBI
Quality Power Electrical Equipments-Defers proposed preferential issue
Omnitech Engineering, Juniper Green, MV Electrosystems-Lockin expiry
Page Industries-Dubai court notice
NHPC- Subansiri Lower Hydro Electric Project dispute.
POSITIVE
Axiscades Tech-BM on Sept.5 for Rs 200cr fundraise via NCDs
Muthoot Finance-Shareholder nod for re-appointment of MD, CEO
Jeena Sikho Lifecare - To expand Ayurvedic healthcare portfolio
Jindal Worldwide, Shivalik Bimetal Controls -Re-appointment of MD
GMR Airports-CARE Ratings upgraded on existing NCBs
Power Grid- Wins bid for Rajasthan REZ transmission project
Kabra Extrusion Technik-LOI for battery-pack development and supply.
Fine Organics, RPG Life-Acquisition announcements
Indo-Tech Transformers-166cr order from AP TRANSCO
RBL BANK-To mull issuance of foreign currency bonds on Sept 7
NEGATIVE
Omaxe - SAT dismissed the company's appeal against SEBI
Quality Power Electrical Equipments-Defers proposed preferential issue
Omnitech Engineering, Juniper Green, MV Electrosystems-Lockin expiry
Page Industries-Dubai court notice
NHPC- Subansiri Lower Hydro Electric Project dispute.
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Action For Day
PM Modi- CII Event On India-EU FTA
Sensex Expiry
Block Deal-Meesho
IPO Listings-Lumino Industries
AGM- Adani Green Energy
Lockin In Expiry- Omnitech Engineering, Juniper Green, MV Electrosystems
US Treasury- $12.5 Billion Debt Buyback
US Initial Jobless Claims Data
PM Modi- CII Event On India-EU FTA
Sensex Expiry
Block Deal-Meesho
IPO Listings-Lumino Industries
AGM- Adani Green Energy
Lockin In Expiry- Omnitech Engineering, Juniper Green, MV Electrosystems
US Treasury- $12.5 Billion Debt Buyback
US Initial Jobless Claims Data
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Opening Cues-Positive Triggers
Trump-Iran War Will Not Last For Longer
Crude Snaps 3-day Gaining Streak
Global Treasury Yields Cool-Off
Gold Holds Gain Near $4400/Oz Levels
Yen Strengthens On Suspected Rate Check
Asian Stocks Advance
Strong India FCNR Bond Data
Rupee At 2-Month High On RBI Intervention
FIIs Cash Buying Highest Since Oct. 2025
FII Shorts At 90% vs 91%
FII Buyers In Cash Market For 2nd Day
Trump-Iran War Will Not Last For Longer
Crude Snaps 3-day Gaining Streak
Global Treasury Yields Cool-Off
Gold Holds Gain Near $4400/Oz Levels
Yen Strengthens On Suspected Rate Check
Asian Stocks Advance
Strong India FCNR Bond Data
Rupee At 2-Month High On RBI Intervention
FIIs Cash Buying Highest Since Oct. 2025
FII Shorts At 90% vs 91%
FII Buyers In Cash Market For 2nd Day
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OLA ELECTRIC: BOARD MEET ON 5 SEPT TO CONSIDER FUND RAISING VIA EQUITY
NOTE ; In June Month, Ola Electric raised Rs 780 Cr via QIP ( ₹ 500 Cr Target FUND Raise )
Rival Ather Energy got FUND Infusion from Hero Moto
NOTE ; In June Month, Ola Electric raised Rs 780 Cr via QIP ( ₹ 500 Cr Target FUND Raise )
Rival Ather Energy got FUND Infusion from Hero Moto
INOX WIND: WINS ₹755 CR REPEAT ORDER FROM INDIAN OIL
• Secures 100 MW turnkey order from Indian Oil Corporation.
• Contract value: approximately ₹755 Cr.
• Scope includes wind turbine supply, EPC and end-to-end project execution.
• Includes post-commissioning O&M services for 10 years.
• Repeat order strengthens Inox Wind’s relationship with Indian Oil and its diversified customer base.
• Secures 100 MW turnkey order from Indian Oil Corporation.
• Contract value: approximately ₹755 Cr.
• Scope includes wind turbine supply, EPC and end-to-end project execution.
• Includes post-commissioning O&M services for 10 years.
• Repeat order strengthens Inox Wind’s relationship with Indian Oil and its diversified customer base.
Kotak Securities on Adani Ports
Upgrade to Buy from Add; TP at Rs 2000
Key overhangs are easing
Meaningful expansion opportunities at Mundra and Colombo
August print solid, though possibly boosted by TPPs stocking up coal
Upgrade to Buy from Add; TP at Rs 2000
Key overhangs are easing
Meaningful expansion opportunities at Mundra and Colombo
August print solid, though possibly boosted by TPPs stocking up coal
INVESTEC ON TORRENT POWER ; UPGRADE TO BUY | TP ₹1,515
• Company entering a 3–4 year earnings inflection phase.
• Earnings inflection driven by the 1.4 GW Nabha acquisition.
• Nabha acquisition expected to add ~₹1,100 Cr of steady-state EBITDA from FY27.
• 4.2 GW renewable energy pipeline under execution should expand asset base and cash flows.
• Expects Torrent Power to generate ~₹13,800 Cr operating cash flow over FY27–28.
• Stock trades at an attractive ~10x FY28E EV/EBITDA and ~2.6x P/BV.
• Delay in project execution remains a key risk.
• Company entering a 3–4 year earnings inflection phase.
• Earnings inflection driven by the 1.4 GW Nabha acquisition.
• Nabha acquisition expected to add ~₹1,100 Cr of steady-state EBITDA from FY27.
• 4.2 GW renewable energy pipeline under execution should expand asset base and cash flows.
• Expects Torrent Power to generate ~₹13,800 Cr operating cash flow over FY27–28.
• Stock trades at an attractive ~10x FY28E EV/EBITDA and ~2.6x P/BV.
• Delay in project execution remains a key risk.
BHARAT FORGE AND RK FORGINGS IN FOCUS
North America Class 8 Truck Orders at 16,800-down 26% MoM
On a seasonally adjusted basis, preliminary net orders fell 35% MoM
Class 8 Net Orders Below 5-Year Average
August 2026 orders lowest since September 2025
North America Class 8 Truck Orders at 16,800-down 26% MoM
On a seasonally adjusted basis, preliminary net orders fell 35% MoM
Class 8 Net Orders Below 5-Year Average
August 2026 orders lowest since September 2025
BSE says
Self-Listing Is Not Permitted Under Current Regulatory Framework
We Have Been Conducting Dealer Meetings On CAS
Another Feedback Was To Implement CAS In A Gradual Way
Too Early To Analyse A Trend For The CAS Session
Tough To Isolate Impact Of Changes In RBI Norms As Multiple Headwinds Exist
BSE On Reports Suggesting NSE Wanting To List On Own Exchange: 'Self-Listing Is Not Permitted In India' 🟢
Self-Listing Is Not Permitted Under Current Regulatory Framework
We Have Been Conducting Dealer Meetings On CAS
Another Feedback Was To Implement CAS In A Gradual Way
Too Early To Analyse A Trend For The CAS Session
Tough To Isolate Impact Of Changes In RBI Norms As Multiple Headwinds Exist
BSE On Reports Suggesting NSE Wanting To List On Own Exchange: 'Self-Listing Is Not Permitted In India' 🟢