COAL INDIA: AUGUST PRODUCTION DOWN 5.7% YoY
• Aug 2026 production fell 5.7% YoY to 47.5 MT vs 50.4 MT.
• Coal offtake rose 5.5% YoY to 60.6 MT.
• Apr–Aug FY27 production down 4.5% YoY to 267.5 MT.
• Apr–Aug cumulative offtake up 6.7% YoY to 322.9 MT.
• ECL, CCL & WCL reported strong production growth, while NCL, SECL & MCL declined.
• Aug 2026 production fell 5.7% YoY to 47.5 MT vs 50.4 MT.
• Coal offtake rose 5.5% YoY to 60.6 MT.
• Apr–Aug FY27 production down 4.5% YoY to 267.5 MT.
• Apr–Aug cumulative offtake up 6.7% YoY to 322.9 MT.
• ECL, CCL & WCL reported strong production growth, while NCL, SECL & MCL declined.
TATA MOTORS CV: AUG SALES UP 49% YoY TO 44,411
• Total CV sales at 44,411 units vs 29,863 last year; above estimate of 38,800.
• Domestic CV sales up 33% YoY to 36,619 units.
• International sales surged 227% YoY to 7,792 units.
• HCV truck sales rose 42%, while SCV cargo & pickups grew 34%.
• Passenger carrier sales increased 31% YoY to 4,701 units.
• Domestic MH&ICV sales up 31% YoY to 17,531 units.
• Total CV sales at 44,411 units vs 29,863 last year; above estimate of 38,800.
• Domestic CV sales up 33% YoY to 36,619 units.
• International sales surged 227% YoY to 7,792 units.
• HCV truck sales rose 42%, while SCV cargo & pickups grew 34%.
• Passenger carrier sales increased 31% YoY to 4,701 units.
• Domestic MH&ICV sales up 31% YoY to 17,531 units.
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AARVI ENCON WINS ₹174.73 CR WORK ORDERS
• Aarvi Encon received 4 work orders from Certification Engineers International for hiring of manpower resources.
• Aggregate order value: ₹174.73 Cr, excluding applicable taxes.
• Orders are for a period of 3 years, from September 1, 2026 to August 31, 2029.
• Aarvi Encon received 4 work orders from Certification Engineers International for hiring of manpower resources.
• Aggregate order value: ₹174.73 Cr, excluding applicable taxes.
• Orders are for a period of 3 years, from September 1, 2026 to August 31, 2029.
SML MAHINDRA | AUGUST AUTO SALES
Total sales rise 40% YoY to 1,175 units vs 842 units
PV sales grow 31% YoY to 683 units vs 521 units
CV sales jump 53% YoY to 492 units vs 321 units
Total sales rise 40% YoY to 1,175 units vs 842 units
PV sales grow 31% YoY to 683 units vs 521 units
CV sales jump 53% YoY to 492 units vs 321 units
ASHOK LEYLAND AUGUST SALES SURGE 38% YoY TO 21,038 UNITS
• Total sales: 21,038 units vs 15,239 — +38% YoY
• Domestic sales: 19,438 units — +43% YoY
• M&HCV sales: 13,719 units — +46% YoY
• M&HCV truck sales grew 60% YoY.
• LCV sales: 7,319 units — +25% YoY
• Domestic M&HCV sales: 12,408 units — +55% YoY
• FY27 cumulative sales: 89,391 units — +20% YoY
• August sales came in at 21,038 units vs ~20,000 estimated.
• Total sales: 21,038 units vs 15,239 — +38% YoY
• Domestic sales: 19,438 units — +43% YoY
• M&HCV sales: 13,719 units — +46% YoY
• M&HCV truck sales grew 60% YoY.
• LCV sales: 7,319 units — +25% YoY
• Domestic M&HCV sales: 12,408 units — +55% YoY
• FY27 cumulative sales: 89,391 units — +20% YoY
• August sales came in at 21,038 units vs ~20,000 estimated.
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)
E
⏩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)
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)
E
⏩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)
EICHER MOTORS AUGUST MOTORCYCLE SALES UP 11% YoY TO 1.26 LAKH UNITS
• Total motorcycle sales: 1,26,479 units vs 1,14,002 — +11% YoY
• Up to 350cc & EV sales: 1,13,143 units — +15% YoY
• Above 350cc sales: 13,336 units — -13% YoY
• International business sales: 12,275 units — +10% YoY
• Apr–Aug FY27 total sales: 5,75,138 units — +23% YoY
• YTD up to 350cc sales grew 28%, while above 350cc declined 5%.
• August sales came in at 1.26 lakh units vs ~1.25 lakh estimated.
• Total motorcycle sales: 1,26,479 units vs 1,14,002 — +11% YoY
• Up to 350cc & EV sales: 1,13,143 units — +15% YoY
• Above 350cc sales: 13,336 units — -13% YoY
• International business sales: 12,275 units — +10% YoY
• Apr–Aug FY27 total sales: 5,75,138 units — +23% YoY
• YTD up to 350cc sales grew 28%, while above 350cc declined 5%.
• August sales came in at 1.26 lakh units vs ~1.25 lakh estimated.
💊 SUN PHARMA: SIGNS U.S. MEDICINE PRICING & ACCESS AGREEMENT
Sun Pharma has signed an agreement with the U.S. government to improve access to affordable medicines.
• Will extend MFN pricing to U.S. state Medicaid programs
• MFN pricing also committed for future innovative medicine launches in the U.S.
• Section 232 tariffs delayed for over 2 years on innovative pharma products
• U.S. contributes around 27% of Sun Pharma’s global revenue
• Company remains focused on U.S. investments across R&D, manufacturing and sales
Sun Pharma also highlighted its proposed $11.75 billion EV acquisition of Organon.
Sun Pharma has signed an agreement with the U.S. government to improve access to affordable medicines.
• Will extend MFN pricing to U.S. state Medicaid programs
• MFN pricing also committed for future innovative medicine launches in the U.S.
• Section 232 tariffs delayed for over 2 years on innovative pharma products
• U.S. contributes around 27% of Sun Pharma’s global revenue
• Company remains focused on U.S. investments across R&D, manufacturing and sales
Sun Pharma also highlighted its proposed $11.75 billion EV acquisition of Organon.
WONDER ELECTRICALS Q1 Result
• Net Profit: ₹4 Cr, ↑264% YoY, ↓44% QoQ
• Revenue: ₹233.6 Cr, ↑51% YoY, ↓7% QoQ
• EBITDA: ₹9 Cr, ↑84% YoY, ↓34% QoQ
• EBITDA Margin: 3.9% vs 3.2% YoY, 5.5% QoQ
• Net Profit: ₹4 Cr, ↑264% YoY, ↓44% QoQ
• Revenue: ₹233.6 Cr, ↑51% YoY, ↓7% QoQ
• EBITDA: ₹9 Cr, ↑84% YoY, ↓34% QoQ
• EBITDA Margin: 3.9% vs 3.2% YoY, 5.5% QoQ
MIDWEST Q1 Result
• Net Profit: ₹31 Cr ↑29% YoY | ↓16% QoQ
• Revenue: ₹191.80 Cr ↑35% YoY | ↓11% QoQ
• EBITDA: ₹49 Cr ↑25% YoY | ↓16% QoQ
• EBITDA Margin: 25.5% vs 27.4% YoY ↓ | 27.0% QoQ ↓
• Net Profit: ₹31 Cr ↑29% YoY | ↓16% QoQ
• Revenue: ₹191.80 Cr ↑35% YoY | ↓11% QoQ
• EBITDA: ₹49 Cr ↑25% YoY | ↓16% QoQ
• EBITDA Margin: 25.5% vs 27.4% YoY ↓ | 27.0% QoQ ↓
INDO TECH TRANSFORMERS: WINS ₹165.55 CR ORDER FROM AP TRANSCO
• Indo Tech Transformers receives order from AP TRANSCO for manufacture & supply of 26 power transformers.
• Order includes 17× 80 MVA 220/33 kV and 9× 80 MVA 132/33 kV transformers.
• Order value: ₹165.55 Cr + applicable taxes.
• Execution period: October 2026 to June 2027.
• Domestic order; no promoter/promoter-group interest in AP TRANSCO.
• Indo Tech Transformers receives order from AP TRANSCO for manufacture & supply of 26 power transformers.
• Order includes 17× 80 MVA 220/33 kV and 9× 80 MVA 132/33 kV transformers.
• Order value: ₹165.55 Cr + applicable taxes.
• Execution period: October 2026 to June 2027.
• Domestic order; no promoter/promoter-group interest in AP TRANSCO.
BLOCK DEAL IN MEESHO
Block Deal Launched In Meesho
SoftBank Likely To Sell 7 Cr Shs (1.5% Stake) In Co Via Block Deal
Offer Size Pegged At ₹1,435 Cr
Floor Price Is Set At 205/Sh, Implies Discount Of Up To 3.12% To CMP
Block Deal Launched In Meesho
SoftBank Likely To Sell 7 Cr Shs (1.5% Stake) In Co Via Block Deal
Offer Size Pegged At ₹1,435 Cr
Floor Price Is Set At 205/Sh, Implies Discount Of Up To 3.12% To CMP
CITI ON L&T
ACCUMULATE | TP ₹4,650
• Robust order inflow momentum strengthens medium-term visibility.
• Recent order wins further improve revenue visibility.
• Remains positioned for an execution recovery.
• Valuations remain reasonable.
ACCUMULATE | TP ₹4,650
• Robust order inflow momentum strengthens medium-term visibility.
• Recent order wins further improve revenue visibility.
• Remains positioned for an execution recovery.
• Valuations remain reasonable.
*📊 STOCKS TO WATCH LIST*
*🟢 POSITIVE*
* Persistent Systems-To raise $450mn via debt/equity
* Ola Electrics-To consider fundraise on Sept.5
* Technocraft Ventures-Q1 margins up 220bps YoY
* KSH International-Factory renewal license
* HUDCO -MoU with the Bihar gov. for Rs 25,000cr funding
* Kirloskar Oil Engines-Pact with DEUTZ for engine platform
* Sterlite Technologies-CRISIL upgrades long-term credit ratings
* Nuvama Wealth-Supreme Court relief
*🔴 NEGATIVE*
* FACT-Penal interest on loan from government
* SAIL-LIC reduces 2% stake
* Hexaware Technologies – CEO resignation
* GCPL-Concerns on inventory adjustment (Strategy Call)
*🟢 POSITIVE*
* Persistent Systems-To raise $450mn via debt/equity
* Ola Electrics-To consider fundraise on Sept.5
* Technocraft Ventures-Q1 margins up 220bps YoY
* KSH International-Factory renewal license
* HUDCO -MoU with the Bihar gov. for Rs 25,000cr funding
* Kirloskar Oil Engines-Pact with DEUTZ for engine platform
* Sterlite Technologies-CRISIL upgrades long-term credit ratings
* Nuvama Wealth-Supreme Court relief
*🔴 NEGATIVE*
* FACT-Penal interest on loan from government
* SAIL-LIC reduces 2% stake
* Hexaware Technologies – CEO resignation
* GCPL-Concerns on inventory adjustment (Strategy Call)
*📊 OTHER STOCKS TO WATCH LIST*
*🟢 POSITIVE*
* Axiscades Tech-BM on Sept.5 for Rs 200cr fundraise via NCDs
* Muthoot Finance-Shareholder nod for re-appointment of MD, CEO
* Jeena Sikho Lifecare - To expand Ayurvedic healthcare portfolio
* Jindal Worldwide, Shivalik Bimetal Controls -Re-appointment of MD
* GMR Airports-CARE Ratings upgraded on existing NCBs
* Power Grid- Wins bid for Rajasthan REZ transmission project
* Kabra Extrusion Technik-LOI for battery-pack development and supply.
* Fine Organics, RPG Life-Acquisition announcements
* Indo-Tech Transformers-166cr order from AP TRANSCO
* RBL BANK-To mull issuance of foreign currency bonds on Sept 7
*🔴 NEGATIVE*
* Omaxe - SAT dismissed the company's appeal against SEBI
* Quality Power Electrical Equipments-Defers proposed preferential issue
* Omni tech Engineering, Juniper Green, MV Electro systems - Lockin expiry
* Page Industries-Dubai court notice
* NHPC- Subansiri Lower Hydro Electric Project dispute.
*🟢 POSITIVE*
* Axiscades Tech-BM on Sept.5 for Rs 200cr fundraise via NCDs
* Muthoot Finance-Shareholder nod for re-appointment of MD, CEO
* Jeena Sikho Lifecare - To expand Ayurvedic healthcare portfolio
* Jindal Worldwide, Shivalik Bimetal Controls -Re-appointment of MD
* GMR Airports-CARE Ratings upgraded on existing NCBs
* Power Grid- Wins bid for Rajasthan REZ transmission project
* Kabra Extrusion Technik-LOI for battery-pack development and supply.
* Fine Organics, RPG Life-Acquisition announcements
* Indo-Tech Transformers-166cr order from AP TRANSCO
* RBL BANK-To mull issuance of foreign currency bonds on Sept 7
*🔴 NEGATIVE*
* Omaxe - SAT dismissed the company's appeal against SEBI
* Quality Power Electrical Equipments-Defers proposed preferential issue
* Omni tech Engineering, Juniper Green, MV Electro systems - Lockin expiry
* Page Industries-Dubai court notice
* NHPC- Subansiri Lower Hydro Electric Project dispute.
Integrated Proteins Ltd
Stock Split From Rs.10/- to Rs.1/-
Ex-date : 04 Sep 2026
PVR Inox Ltd
Buy Back of Shares
Ex-date : 04 Sep 2026
Jonjua Overseas Ltd
Bonus issue 7:24
Ex-date : 04 Sep 2026
TCC Concept Ltd
Stock Split From Rs.10/- to Rs.2/-
Ex-date : 04 Sep 2026
HEG Ltd
Spin Off
Ex-date : 07 Sep 2026
Stock Split From Rs.10/- to Rs.1/-
Ex-date : 04 Sep 2026
PVR Inox Ltd
Buy Back of Shares
Ex-date : 04 Sep 2026
Jonjua Overseas Ltd
Bonus issue 7:24
Ex-date : 04 Sep 2026
TCC Concept Ltd
Stock Split From Rs.10/- to Rs.2/-
Ex-date : 04 Sep 2026
HEG Ltd
Spin Off
Ex-date : 07 Sep 2026
❤1
Sectors To Watch
Sugar Stocks- Centre plans interministerial meeting to chart ethanol feedstock strategy
Aviation Stocks- High-level panel discusses ways to boost aircraft leasing activities in India
Hotel Stocks- Civil aviation ministry looks at simplifying approvals for buildings near airports
New India Assurance, GIC-FinMin asks state-owned general insurers to focus on profitable lines of biz
Precision Engineering Stocks- Govt mulls to exempt high-tech sector companies from BIS certification
Meesho-Softbank to sell shares worth Rs 1435 crore via block
Ola Electric, Persistent Systems-Fund raise
Sugar Stocks- Centre plans interministerial meeting to chart ethanol feedstock strategy
Aviation Stocks- High-level panel discusses ways to boost aircraft leasing activities in India
Hotel Stocks- Civil aviation ministry looks at simplifying approvals for buildings near airports
New India Assurance, GIC-FinMin asks state-owned general insurers to focus on profitable lines of biz
Precision Engineering Stocks- Govt mulls to exempt high-tech sector companies from BIS certification
Meesho-Softbank to sell shares worth Rs 1435 crore via block
Ola Electric, Persistent Systems-Fund raise
OTHER NEWS
Auto components industry eyes USD 200 bn turnover by FY30: Report
Engineering exporters flag concern over Russia sanctions bill seeking 100% tariff on India
Cochin Shipyard starts construction of four battery-electric tugs for Svitzer
Metropolis Healthcare to expand presence to 1,000 towns in 3 years from 750 currently
IDFC First Bank 'scam': CBI files chargesheet against 6 Haryana IAS officers, 13 others
Syrma SGS, Elemaster JV expects Rs 200 cr revenue in first year of operation
Ganesh Ecosphere- India's plastic recycling market to grow at 9-11 pc annually over next 5-10 years
SML Mahindra targets 10-12 pc commercial vehicle market share by FY31
NCLAT seeks status report on delayed Supertech housing projects by NBCC
Auto components industry eyes USD 200 bn turnover by FY30: Report
Engineering exporters flag concern over Russia sanctions bill seeking 100% tariff on India
Cochin Shipyard starts construction of four battery-electric tugs for Svitzer
Metropolis Healthcare to expand presence to 1,000 towns in 3 years from 750 currently
IDFC First Bank 'scam': CBI files chargesheet against 6 Haryana IAS officers, 13 others
Syrma SGS, Elemaster JV expects Rs 200 cr revenue in first year of operation
Ganesh Ecosphere- India's plastic recycling market to grow at 9-11 pc annually over next 5-10 years
SML Mahindra targets 10-12 pc commercial vehicle market share by FY31
NCLAT seeks status report on delayed Supertech housing projects by NBCC
Stocks Watchlist
Positive
Persistent Systems-To raise $450mn via debt/equity
Ola Electrics-To consider fundraise on Sept.5
Technocraft Ventures-Q1 margins up 220bps YoY
KSH International-Factory renewal license
HUDCO -MoU with the Bihar gov. for Rs 25,000cr funding
Kirloskar Oil Engines-Pact with DEUTZ for engine platform
Sterlite Technologies-CRISIL upgrades long-term credit ratings
Nuvama Wealth-Supreme Court relief
NEGATIVE
Meesho-Softbank to sell shares worth Rs 1435 crore via block
FACT-Penal interest on loan from government
SAIL-LIC reduces 2% stake
Hexaware Technologies – CEO resignation
GCPL-Concerns on inventory adjustment (Strategy Call)
Positive
Persistent Systems-To raise $450mn via debt/equity
Ola Electrics-To consider fundraise on Sept.5
Technocraft Ventures-Q1 margins up 220bps YoY
KSH International-Factory renewal license
HUDCO -MoU with the Bihar gov. for Rs 25,000cr funding
Kirloskar Oil Engines-Pact with DEUTZ for engine platform
Sterlite Technologies-CRISIL upgrades long-term credit ratings
Nuvama Wealth-Supreme Court relief
NEGATIVE
Meesho-Softbank to sell shares worth Rs 1435 crore via block
FACT-Penal interest on loan from government
SAIL-LIC reduces 2% stake
Hexaware Technologies – CEO resignation
GCPL-Concerns on inventory adjustment (Strategy Call)
Where's The Alpha?
Technocraft Ventures-Q1 margins up 220bps YoY
KSH International-Factory renewal license
HUDCO -MoU with the Bihar gov. for Rs 25,000cr funding
Axiscades Tech-BM on Sept.5 for Rs 200cr fundraise via NCDs
Jindal Worldwide, Shivalik Bimetal Controls -Re-appointment of MD
GMR Airports-CARE Ratings upgraded on existing NCBs
Kabra Extrusion Technik-LOI for battery-pack development and supply.
Fine Organics, RPG Life-Acquisition announcements
Indo-Tech Transformers-166cr order from AP TRANSCO
Technocraft Ventures-Q1 margins up 220bps YoY
KSH International-Factory renewal license
HUDCO -MoU with the Bihar gov. for Rs 25,000cr funding
Axiscades Tech-BM on Sept.5 for Rs 200cr fundraise via NCDs
Jindal Worldwide, Shivalik Bimetal Controls -Re-appointment of MD
GMR Airports-CARE Ratings upgraded on existing NCBs
Kabra Extrusion Technik-LOI for battery-pack development and supply.
Fine Organics, RPG Life-Acquisition announcements
Indo-Tech Transformers-166cr order from AP TRANSCO
Opening Cues-Positive Triggers
Trump-Iran War Will Not Last For Longer
Crude Snaps 3-day Gaining Streak
Global Treasury Yields Cool-Off
Gold Holds Gain Near $4400/Oz Levels
Yen Strengthens On Suspected Rate Check
Asian Stocks Advance
Strong India FCNR Bond Data
Rupee At 2-Month High On RBI Intervention
FIIs Cash Buying Highest Since Oct. 2025
FII Shorts At 90% vs 91%
FII Buyers In Cash Market For 2nd Day
Trump-Iran War Will Not Last For Longer
Crude Snaps 3-day Gaining Streak
Global Treasury Yields Cool-Off
Gold Holds Gain Near $4400/Oz Levels
Yen Strengthens On Suspected Rate Check
Asian Stocks Advance
Strong India FCNR Bond Data
Rupee At 2-Month High On RBI Intervention
FIIs Cash Buying Highest Since Oct. 2025
FII Shorts At 90% vs 91%
FII Buyers In Cash Market For 2nd Day