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' 🟢
SHADOWFAX TECH
Expands Shadowfax 360 with Channel Partner Network
Plans To Onboard 1,000 Partners Over Next 3 Years
Expands Shadowfax 360 with Channel Partner Network
Plans To Onboard 1,000 Partners Over Next 3 Years
BSE MD & CEO, SUNDARARAMAN RAMAMURTHY
NSE Has Confirmed No Addendum Will Be Issued For Self-Trading Along With Offer Document
Due To Lack Of Liquidity In CAS, Participation Has Lacked, Have Been Conducting Dealer Meetings On CAS
Collating All The Dealer Feedback & Will Present It To The Regulators
Tough To Isolate Impact Of Changes In RBI Norms As Multiple Headwinds Exist
Self-Listing Is Not Permitted Under Current Regulatory Framework
On Reports Suggesting NSE Wanting To List On Own Exchange: 'Self-Listing Is Not Permitted In India'
NSE Has Confirmed No Addendum Will Be Issued For Self-Trading Along With Offer Document
Due To Lack Of Liquidity In CAS, Participation Has Lacked, Have Been Conducting Dealer Meetings On CAS
Collating All The Dealer Feedback & Will Present It To The Regulators
Tough To Isolate Impact Of Changes In RBI Norms As Multiple Headwinds Exist
Self-Listing Is Not Permitted Under Current Regulatory Framework
On Reports Suggesting NSE Wanting To List On Own Exchange: 'Self-Listing Is Not Permitted In India'
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ADANI ENERGY SOLUTIONS:
GQG PARTNERS LLC SOLD 1.99 CR SHARES OR 1.63% STAKE IN CO VIA OPEN MARKET BETWEEN JUNE 30 - AUGUST 31
GQG PARTNERS LLC SOLD 1.99 CR SHARES OR 1.63% STAKE IN CO VIA OPEN MARKET BETWEEN JUNE 30 - AUGUST 31
PATANJALI FOODS:
GQG PARTNER SOLD 0.08% STAKE IN CO VIA OPEN MARKET BETWEEN FEB 11 - AUGUST 31
GQG PARTNER SOLD 0.08% STAKE IN CO VIA OPEN MARKET BETWEEN FEB 11 - AUGUST 31
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PRESTIGE ESTATES: CO GROUP EXPANDS NCR PRESENCE WITH RS. 5,600 CRORE RESIDENTIAL DEVELOPMENT IN GURGAON
BHARAT FORGE: INDIA BELGIUM SIGNS DEFENCE DEAL || KALYANI STRATEGIC SYSTEMS: THALES BELGIUM’S 70 MM ROCKETS WILL NOW ALSO BE ASSEMBLED IN INDIA, WITH INDIAN SUPPLIERS PARTICIPATING IN PRODUCTION. THE FIRST FULLY INDIA-PRODUCED ROCKET IS EXPECTED IN EARLY 2027.
INDIA ROAD TRANSPORT MINISTER GADKARI SAYS COS MUST PROVIDE EXTRA INCENTIVE TO CUSTOMERS WHO SCRAP CARS (MSTC)
INDIA ROAD TRANSPORT MINISTER SAYS COS MUST PROVIDE EXTRA INCENTIVE TO CUSTOMERS WHO SCRAP CARS, NEED TO INCREASE MANUFACTURING CAPACITY OF EV BUSES
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INDIA ROAD TRANSPORT MINISTER SAYS NEED TO INCREASE MANUFACTURING CAPACITY OF EV BUSES ( JBM AUTO, OLECTRA GREENTECH)
SPICEJET: CO FINALISES LEASE AGREEMENTS FOR 20 AIRCRAFT AHEAD OF WINTER SCHEDULE
H. D. KUMARASWAMY HEAVY INDUSTRIES MINISTER SAYS
Government Is Committed To Provide A Conducive Policy Environment
Advanced Chemistry Cell Scheme Aims To Establish 50 GWh Capacity
PLI Scheme For Autos & Auto Components Is Strengthening The Industry
PM E-DRIVE Scheme Remains Key Government Focus
₹2,000 Cr Has Been Allocated For Public Charging Infrastructure
Government Is Committed To Provide A Conducive Policy Environment
Advanced Chemistry Cell Scheme Aims To Establish 50 GWh Capacity
PLI Scheme For Autos & Auto Components Is Strengthening The Industry
PM E-DRIVE Scheme Remains Key Government Focus
₹2,000 Cr Has Been Allocated For Public Charging Infrastructure
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SUVEN LIFE SCIENCES: CO. COMPLETES PATIENT ENROLLMENT IN GLOBAL PHASE-3 STUDY OF MASUPIRDINE FOR AGITATION ASSOCIATED WITH ALZHEIMER’S DEMENTIA; 424 PATIENTS RANDOMIZED; TOPLINE RESULTS EXPECTED BY MAY 2027
POPULAR VEHICLES :
MARUTI says Saw Very Healthy Sales In Keralam Mkt On Onam
MARUTI says Saw Very Healthy Sales In Keralam Mkt On Onam
SHENU AGRAWAL ASHOK LEYLAND
Industry Is Working On Policies Rolled Out By Government
Q1 FY26, 27 Posted Record Sales Across Sectors
Exports Have Continued To Remain Strong
Next Phase To Focus On Cleaner & Affordable Mobility, Energy Securit
Industry Is Working On Policies Rolled Out By Government
Q1 FY26, 27 Posted Record Sales Across Sectors
Exports Have Continued To Remain Strong
Next Phase To Focus On Cleaner & Affordable Mobility, Energy Securit