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

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

New Stock Limit Aimed To Curb Hoarding And Speculative Trading