Jewellery stocks in focus after PM Modi reiterates his comments on X related to gold. He says, if not needed, gold shouldn't be bought

KEEP EYE 👀 on *SHIVATEX*

CMP:- 181 / 183

Once above 185, we will see move towards 193 / 200 / 205 / 211++ levels in Intraday or short term.

Don't miss candidate for us.

SHIVATEX 186.7❤️❤️

ZOOMING

SHIVATEX 187.99❤️❤️

ZOOMING

CYBERMEDIA 20.05❤️

TVS SHRICHAKRA 5760❤️

ADDED SHIVATEX AT 173 - 176

TEXMACO RAIL WINS USD 135 MN INTERNATIONAL LOCOMOTIVE ORDER

• Received an international order from Tsiko Africa Logistics and Barberry Holdings.

• Order involves design, manufacture, supply and commissioning of Wabtec ES43ACi – 4,500 HP diesel-electric locomotives.

• Order value: USD 135 Mn, excluding applicable taxes and duties.

• Execution period: 20–24 months from signing of the Definitive Agreement.

• No promoter/group company interest in the awarding entities.

• Order is not a related-party transaction.

MOTILAL OSWAL ON SBI FUNDS MANAGEMENT

iNITIATES BUY | TP ₹720 | 28% UPSIDE

• India’s leading asset manager with 15.1% market share and QAAUM of ₹29.1 lakh Cr as of Jun’26.

• SBI’s 23,000+ branches and 100 mn+ YONO users provide a strong distribution advantage.

• Less than 2% of SBI’s eligible customer base has been tapped, providing significant growth headroom.

• Expects 14% revenue CAGR and 16% PAT CAGR over FY26–28E.

• Operating expenses expected to decline to ~7 bps of AUM by FY28, supporting ~81% EBITDA margin.

• Expects 51–52% RoE, supported by strong operating leverage.

• TP ₹720 based on 42x FY28E core P/E.

MOIL KEEPS MANGANESE ORE PRICES UNCHANGED FOR SEPTEMBER 2026

• Prices of all ferro grades with manganese content of 44% and above remain unchanged from August levels.

• Other ferro grades below 44% Mn, chemical grades, SMGR grades and fines prices also unchanged.

• EMD basic price maintained at ₹1.80 lakh/MT.

• EMD flakes basic price maintained at ₹1.71 lakh/MT.

INDIAN HOTEL , ITDC , ITC HOTEL
🟢
DELHI HOTELS FARES SURGE

Major hotels sold out during BRICS Summit

Hotel rates up over 100% week on week: Ixigo

TVSMotor: Total Sales At 6.16 Lk Units Vs Nomura Est Of 6.53 Lk Units (YoY)

⏩Total Sales Up 21% At 6.16 Lk Units Vs 5.09 Lk Units (YoY)

⏩2-wheeler Sales Up 21% At 5.91 Lk Units Vs 4.90 Lk Units (YoY)

⏩EV Sales At 59,453 Units Vs 25,138 Units (YoY)

⏩3W Sales Up 34% At 25,103 Units Vs 18,748 Units (YoY)

⏩Intl Sales Up 29% At 1.74 Lk Units Vs 1.35 Lk Units (YoY)

ParleBiscuits names former PepsiCo executive George Kovoor as CEO

BROKERAGE CALLS – TARGETS & RATINGS

• HDB Financial Services — Neutral | TP ₹760

• Archean Chemical — Buy | TP ₹655

• Fractal Analytics — Buy | TP ₹1,010

• HDFC Bank — Buy | TP ₹950

• InterGlobe Aviation — Buy | TP ₹6,020

• SBI Funds Management — Buy | TP ₹720

TWO OIL SUPERTANKERS HIT BY PROJECTILES IN HORMUZ, MARISKS SAYS

OIL EXTENDS GAIN AS TANKERS HIT, BRENT UP 1.9% AT $92.24/BBL

SPOT GOLD FALLS 1% TO $4,405.49/OZ

HAZOOR MULTI PROJECTS: NHAI WITHDRAWS PARANUR FEE PLAZA LOA

• NHAI has withdrawn the LOA awarded to Hazoor Multi Projects for user-fee collection at Paranur Fee Plaza.

• NHAI plans to implement the Multi-Lane Free Flow (MLFF) tolling system at the plaza.

• MLFF implementation is expected by September 15, 2026.

• Hazoor had requested withdrawal of the LOA considering the upcoming MLFF implementation.

• Impact: Negative

DOLLAR INDEX AT DAY'S HIGH,NEAR 99.6

Negative of Indian Mkts

UPI hits a new milestone

UPI transactions crossed the 24-billion mark for the first time in August 2026, with monthly volumes hitting a record 24.51 billion, according to the latest NPCI data.

SUGAR STOCKS:

Govt Reduces Sugar Stock Holding Limit To 2,000 Quintals For Sugar Dealers From Sep 15