JEFFERIES ON TEXTILES
• WELSPUN LIVING ; UPGRADE TO BUY FROM HOLD | TP ₹260 FROM ₹125
• RAYMOND LIFESTYLE ; INITIATE BUY | TP ₹900
• India’s textile sector is entering a multi-year structural growth cycle.
• Growth supported by China+1 sourcing.
• UK/EU FTAs expected to improve tariff competitiveness for Indian textile exporters.
• WELSPUN LIVING ; UPGRADE TO BUY FROM HOLD | TP ₹260 FROM ₹125
• RAYMOND LIFESTYLE ; INITIATE BUY | TP ₹900
• India’s textile sector is entering a multi-year structural growth cycle.
• Growth supported by China+1 sourcing.
• UK/EU FTAs expected to improve tariff competitiveness for Indian textile exporters.
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JEFFERIES ON FINOLEX CABLES ; ACCUMULATE | TP ₹1,410
• Despite a 60% YTD rally, Finolex trades at around 21x 1-year forward P/E, notably below peers.
• Communication segment drove margin improvement and contributed around 23% of Q1 EBIT.
• Finolex plans to double its fibre-draw capacity to 8 million km by Q3.
• At an assumed fibre price of $11/km, the expanded capacity could generate ₹200–250 Cr sales per quarter.
• Electricals remains the core business, while solar and EHV cables are emerging as new growth drivers.
• Despite a 60% YTD rally, Finolex trades at around 21x 1-year forward P/E, notably below peers.
• Communication segment drove margin improvement and contributed around 23% of Q1 EBIT.
• Finolex plans to double its fibre-draw capacity to 8 million km by Q3.
• At an assumed fibre price of $11/km, the expanded capacity could generate ₹200–250 Cr sales per quarter.
• Electricals remains the core business, while solar and EHV cables are emerging as new growth drivers.
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DAYANAND MITTAL, JM FINANCIAL
OMCs Might Be Importing Oil Between $110-115/bbl
OMCs Tell Us That India Is Paying $10-15 Premium To Brent Price
5-6 m Bpd Of Total World Refining Capacity (6-7% Of Total) Is Shut Right Now
Consolidated GRMs Now At $25-30 Vs Historical Avg Of $6-7/bbl
We Like Oil India, It Is Our Top Pick, Could Be A 15% Earnings Compounder
OMCs Might Be Importing Oil Between $110-115/bbl
OMCs Tell Us That India Is Paying $10-15 Premium To Brent Price
5-6 m Bpd Of Total World Refining Capacity (6-7% Of Total) Is Shut Right Now
Consolidated GRMs Now At $25-30 Vs Historical Avg Of $6-7/bbl
We Like Oil India, It Is Our Top Pick, Could Be A 15% Earnings Compounder
IDBI BANK:
NO AGREEMENT HAS YET BEEN REACHED WITH FAIRFAX ON IDBI BANK'S VALUATION, AS PER SOURCES -TV
NO AGREEMENT HAS YET BEEN REACHED WITH FAIRFAX ON IDBI BANK'S VALUATION, AS PER SOURCES -TV
STEEL EXCHANGE INDIA:
CO. ENTERS INTO MOU WITH NMDC FOR SUPPLY OF IRON ORE FINES; MOU IS NON-EXCLUSIVE AND NON-BINDING WITH A FOUR-YEAR TERM; SUPPORTS COMPANY'S EXPANSION PLANS.
CO. ENTERS INTO MOU WITH NMDC FOR SUPPLY OF IRON ORE FINES; MOU IS NON-EXCLUSIVE AND NON-BINDING WITH A FOUR-YEAR TERM; SUPPORTS COMPANY'S EXPANSION PLANS.
BSE CEO S Ramamurthy :
Most players not present in stock closing auction; Stabilizing India stock closing auction key focus (Agencies)
Most players not present in stock closing auction; Stabilizing India stock closing auction key focus (Agencies)
COFORGE – CLARIFICATION ON BOARD EVALUATION
• Clarifies previous disclosure on Board Evaluation Exercise conducted in Mar/Apr 2026
• Exercise not related to financial statements, reporting or financial matters
• No impact on operations, business performance or guidance
• Board & management remain focused on business operations and growth plans
• Clarifies previous disclosure on Board Evaluation Exercise conducted in Mar/Apr 2026
• Exercise not related to financial statements, reporting or financial matters
• No impact on operations, business performance or guidance
• Board & management remain focused on business operations and growth plans
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SIEMENS ENERGY INDIA – CLARIFICATION ON ET ARTICLE
• Clarifies NSE query regarding recent Economic Times article
• Company says no material event or negotiations requiring disclosure
• Press release regarding “Blue Portfolio” was already publicly disclosed
• No further material information to disclose
• Clarifies NSE query regarding recent Economic Times article
• Company says no material event or negotiations requiring disclosure
• Press release regarding “Blue Portfolio” was already publicly disclosed
• No further material information to disclose
GEETANSH BAMANIA, RENTOMOJO SAYS
There's A Lot Of Untapped Potential In Our Market
There Are Around 4.8 Cr Rental Apartments In India, With Only A Fraction Tapped By Us So Far
Revenue/Item Is Roughly Around 6,000, Incremental Capex Last Year Was ₹175 Cr
Greater Product Awareness Will Drive More Customers For The Company, Have 55% Subscriber Share
There's A Lot Of Untapped Potential In Our Market
There Are Around 4.8 Cr Rental Apartments In India, With Only A Fraction Tapped By Us So Far
Revenue/Item Is Roughly Around 6,000, Incremental Capex Last Year Was ₹175 Cr
Greater Product Awareness Will Drive More Customers For The Company, Have 55% Subscriber Share
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ETERNAL, SWIGGY
Flipkart Minutes launched in August 2024 and is now at 1.1–1.2 million daily orders, up from around 400,000 in November 2025.
The Goldman Sachs 2026 Report ranks Flipkart + Myntra as India’s largest e-commerce platform with a 35% share of monthly active users.
Flipkart Minutes launched in August 2024 and is now at 1.1–1.2 million daily orders, up from around 400,000 in November 2025.
The Goldman Sachs 2026 Report ranks Flipkart + Myntra as India’s largest e-commerce platform with a 35% share of monthly active users.
IIFL FINANCE:
DENIES FAIRFAX EXIT TALKS, SAYS NO UNDISCLOSED EVENT BEHIND SHARE PRICE MOVEMENT.
DENIES FAIRFAX EXIT TALKS, SAYS NO UNDISCLOSED EVENT BEHIND SHARE PRICE MOVEMENT.
TCS – LAUNCHES INDIA’S FIRST LIGHTS-OUT FACTORY LAB
• Launches Lights-Out Factory Lab at its Sahyadri Park campus in Pune
• Facility combines AI, digital twins, robotics & factory systems
• Features a fully robotic battery pack assembly line
• Enables manufacturers to prototype, validate & scale AI-first production systems
• Supports use cases including predictive maintenance, automated quality inspection & autonomous factory operations
• Launches Lights-Out Factory Lab at its Sahyadri Park campus in Pune
• Facility combines AI, digital twins, robotics & factory systems
• Features a fully robotic battery pack assembly line
• Enables manufacturers to prototype, validate & scale AI-first production systems
• Supports use cases including predictive maintenance, automated quality inspection & autonomous factory operations
JUST IN
Delhi Airport to augment international handling capacity ahead of BRICS Summit
Terminal 3's Pier C to begin international operations from tonight
Pier C to handle international arrivals; arrivals and departures from September 10
Delhi Airport's international capacity to rise 50% to 31 MPPA
Move aimed at handling surge in international air traffic during BRICS Summit
Delhi Airport to augment international handling capacity ahead of BRICS Summit
Terminal 3's Pier C to begin international operations from tonight
Pier C to handle international arrivals; arrivals and departures from September 10
Delhi Airport's international capacity to rise 50% to 31 MPPA
Move aimed at handling surge in international air traffic during BRICS Summit
POWER MECH PROJECTS – ₹970 Cr O&M ORDER FROM VEDANTA POWER
• Secures ₹970 Cr O&M contract from Vedanta Power for its 2×600 MW Sakti Thermal Plant, Chhattisgarh
• Contract period: 60 months
• Basic order value: ₹890 Cr + ₹80 Cr provision for additional services
• Order strengthens Power Mech’s thermal power O&M portfolio
• Secures ₹970 Cr O&M contract from Vedanta Power for its 2×600 MW Sakti Thermal Plant, Chhattisgarh
• Contract period: 60 months
• Basic order value: ₹890 Cr + ₹80 Cr provision for additional services
• Order strengthens Power Mech’s thermal power O&M portfolio
COCHIN SHIPYARD LIMITED: BOARD APPROVES JOINT VENTURE WITH DRYDOCKS WORLD DUBAI; JV TO OPERATE INTERNATIONAL SHIP REPAIR FACILITY IN KOCHI; CSL AND DDW TO HOLD 50% EACH IN JVCO.