Citi On Autos : Aug vols strong across most OEMs, helped by weak Aug'25 base following GST cut. Delayed festive season likely had some negative impact on YoY growth. Preference: Maruti > Eicher > M&M

Jefferies On #Cement: Demand remains healthy, with industry growth estimated at 7-8% YoY. East Region saw sharpest price correction after outperforming other regions previously. Estimates assume 1% QoQ price decline in Q2, followed by recovery in Q3. Preferred Picks: UltraTech Cement, Grasim

Goldman Sachs maintains NEUTRAL on Samvardhana Motherson International with target price of Rs 158, highlighting aerospace backlog growth and margin improvement potential in consumer electronics

TATA MOTORS: CO'S UNIT TML CV HOLDINGS B.V. SECURES ALL REGULATORY AUTHORIZATIONS FROM ITALIAN AND INTERNATIONAL REGULATORY AUTHORITIES FOR IVECO GROUP N.V. VOLUNTARY TENDER OFFER

CLSA On Oil & Gas: Around 70% of >1 bn bbl Hormuz supply shortfall met by strategic reserve releases from China, US & OECD. See limited scope for near-term supply relief. Positive on ONGC, Oil India, Negative on IOC, BPCL, HPCL

Another price hike

Sources

Gujarat energy increases industrial gas prices
Prices increased From 69/scm + 6% VAT to 82 + vat
Alert : awaiting clarity on whether the same is increased for morbi customers as well
Will help margins, however Morbi bigger part of their volumes

Capri Global approves $300 million senior secured notes at 7.55%, due 2029, under its Global Medium Term Note programme

UBS On #CoalIndia: Buy call, target price at ₹550/sh. Pdn declined 6% YoY in Aug & 5% Yoy in 5MFY27, helping reduce pithead inventories by 55 mt. Strong thermal coal demand & lower inventories supporting higher e-auction premiums

GIFTNifty flat, indicates a muted start for the Indian market, while Crude jumps 5% overnight on fresh US-Iran strikes, #Brent rises above $96/bbl

Iran to deliver a greater response to US strikes - Tasnim

Iran will respond to US attacks with a response 'several times larger and US bases and interests in the region will be targeted - Tasnim cites senior Iranian Military Source.

Iran's IRGC: Severe punishment awaits the US - IRIB

US oil tops $90 a barrel for the first time since late July.

IRAN'S FARS CITES IRGC SPOKESPERSON AS SAYING U.S. 'WILL REGRET ITS NEW ATTACKS'

TRUMP SAYS THAT IF 'THE FAILED NATION OF IRAN' RETALIATES FOR THIS 'VERY JUSTIFIED ATTACK', IT WILL BE HIT AGAIN 'AT A MUCH HARDER AND HIGHER LEVEL', WARNING OF AN EVEN BIGGER ATTACK 'WAITING IN THE WINGS' AFTER WHICH 'THERE WILL BE VERY LITTLE LEFT OF THE ISLAMIC REPUBLIC OF IRAN'. - TRUTH SOCIAL

OPTIMYSTIX ENTERTAINMENT: NEW SEASON OF ‘CRIME PATROL’ PREMIERES

• New season of Crime Patrol – Crime Ka Current Season premiered on August 31, 2026.

• Bollywood star Ajay Devgn joins as the special host and anchor.

• Show airs Monday–Thursday on Sony Entertainment Television, after Kaun Banega Crorepati.

• Episodes are also available on Sony LIV.

• Season explores real-case-inspired stories and the impact of social media, digital culture and modern-life pressures on crime.

• Optimystix has been associated with the Crime Patrol franchise for over 16 years and hundreds of episodes.

• The launch strengthens the company’s position in non-fiction and crime content across TV and OTT platforms.

GLOBAL CUES

ON WEST ASIA WAR ESCALATION

GIFT Nifty Lower, Indicates A Start In The Red For The Indian Market

US Futures Flat After Wall Street Posts Third Straight Losing Day

US Market Ends In The Red, Dow Falls >400 pts On Renewed US-Iran Strikes

Global Bond Yields Soar To Multi-decade Highs As West Asia Turmoil Reignites Inflation Fears

US 10-year Treasury Yield Hits 4.80%, Highest Level Since January 14, 2025

Gold, Silver Prices Fall As Oil, Bond Yields & Fed Hike Bets Climb On Iran Escalation

Crude Jumps 5% Overnight On Escalating Tensions In West Asia, Brent Rises >$96/bbl

Archean Chemical —

🟢 BUY

🏦 ICICI Securities

🎯 Target: ₹655 ⬆️ from ₹640

💰 Reco Price: ₹485

📈 Upside: ~35%

🔄 Action: Target raised; Buy maintained

Godrej Consumer Products — 🟢 BUY

🏦 Emkay Global

🎯 Target: ₹1,250 ⬇️ from ₹1,350

🔄 Action: Target cut; Buy maintained

Reliance Industries — 🟢 BUY

🏦 Jefferies

🎯 Target: ₹1,710 ⬆️ from ₹1,705

💰 Reference Price: ₹1,294.90

📈 Upside: ~32%

🔄 Action: Target marginally raised; Buy maintained