Dow rises nearly 300 points to snap three-day slide as Treasury yields cool
๐บ๐ธ Dow Jones: 53,061.95, up 295 points (+0.56%)
๐ S&P 500: 7,666.60, up 35 points (+0.46%)
๐ป Nasdaq: 26,217.83, up 118 points (+0.45%)
๐ข Russell 2000 / Small Cap 2000: 2,953.17, up 1.13% โ strongest among major indices.
๐บ๐ธ Dow Jones: 53,061.95, up 295 points (+0.56%)
๐ S&P 500: 7,666.60, up 35 points (+0.46%)
๐ป Nasdaq: 26,217.83, up 118 points (+0.45%)
๐ข Russell 2000 / Small Cap 2000: 2,953.17, up 1.13% โ strongest among major indices.
INDIA DAYBOOK | 03 SEPTEMBER 2026
STOCKS IN NEWS | AFTER MARKET CLOSE
POSITIVE NEWS
- Persistent Systems โ Plans to raise $450 Mn through debt/equity.
- Ola Electric โ Board to consider fundraising on Sep 5.
- KSH International โ Factory licence renewed till Dec 2030.
- HUDCO โ MoU with Bihar Government for funding of up to โน25,000 Cr.
- Kirloskar Oil Engines โ Strategic cooperation with DEUTZ on 1.6L engine platform.
- Sterlite Technologies โ CRISIL upgraded long-term ratings to AA/Stable.
- Muthoot Finance โ Shareholders approved MD/Whole-Time Director appointments.
- Jeena Sikho Lifecare โ Added six new products to its Ayurvedic portfolio.
- Jindal Worldwide โ Shareholders approved MD re-appointment.
- Shivalik Bimetal Controls โ Kabir Ghumman re-appointed as MD.
- GMR Airports โ CRISIL upgraded existing NCBs to AA-/Stable.
- Power Grid โ Won Rajasthan REZ transmission project with โน3,244 Cr annual charges.
- Kabra Extrusion Technik โ Received LOI from a leading 2-wheeler OEM for battery packs.
- Fine Organics โ Agreed to acquire 80% stake in Oleofine Organics.
- Indo-Tech Transformers โ Won โน165.6 Cr AP TRANSCO order.
- Technocraft Ventures โ Q1 margins improved 220 bps YoY.
- Nuvama Wealth โ Received relief from Supreme Court.
- ICICI Bank โ Completed purchase of additional 2% stake in ICICI Prudential Life.
- Aditya Birla Capital โ Raised โน300 Cr through listed NCDs.
- L&T Finance โ Allotted โน500 Cr NCDs.
- Aavas Financiers โ Plans โน100 Cr NCD issue.
- Anand Rathi Wealth โ Invested โน5.49 Cr in IFSC subsidiary.
- Kajaria Ceramics โ Partnered for solar/wind power supply to Rajasthan plants.
- NMDC โ August production grew 20.8% YoY.
NEGATIVE NEWS
- FACT โ Faces โน438 Cr penal-interest impact on government loan and is seeking waiver.
- SAIL โ LIC reduced stake by 2% to 4.63%, creating potential supply pressure.
- Hexaware Technologies โ CEO resigned and will transition to Senior Advisor.
- Page Industries โ Faces ~โน294 Cr Dubai court claim plus interest.
- Omaxe โ SAT dismissed appeal against SEBI order.
- Quality Power Electrical โ Deferred proposed preferential issue.
- NHPC โ Faces โน392 Cr plus โฌ1.54 Mn arbitration award in Subansiri dispute.
- Reliance Infrastructure โ ED filed PMLA prosecution complaint alleging โน179.7 Cr.
- Aarti Pharmalabs โ Faces โน59.5 Cr stamp duty and penalty.
- Responsive Industries โ Promoter group pledged 15L shares.
- GCPL โ Inventory-adjustment concerns flagged in strategy call.
NEUTRAL / WATCH
- KPI Green โ CFO Salim Yahoo ceased to be CFO/KMP.
- Blue Star โ Completed MedTech business sale for up to โน40 Cr.
- Escorts Kubota โ Launched new Farmtrac and PROMAXX tractor ranges.
- AxisCades Tech โ Board to consider โน200 Cr NCD fundraising on Sep 5.
- Baazar Style Retail โ Leadership changes; litigation with Cupid to be withdrawn.
- DIPAM โ Rural Development shares transferred to Housing & Urban Affairs; government holding unchanged at 75%.
- MosChip Technologies โ Supreme Court directed additional โน200 Cr security in Vayavya Labs dispute.
- Shukra Pharmaceuticals โ Promoter converted warrants worth โน3.13 Cr.
- Godrej Properties โ Ratings reaffirmed at AA+/Stable and A1+.
- CEAT โ Odisha tax demand revised to โน3.84 Cr plus interest/penalty.
- India Cements โ To acquire 26% in Amplus TN One Energy for up to โน14.1 Cr.
- Coromandel International โ Converted โน108 Cr subsidiary loan into equity.
- HEG โ Changed name to HEG Advanced Materials.
- Samvardhana Motherson โ Provided โน70 Cr corporate guarantee for subsidiary.
- MSP Steel & Power โ Board approved demerger scheme.
- RBL Bank โ Mobilised ~$3.4 Bn FCNR(B) deposits; considering foreign-currency bond issue.
- Metropolis Healthcare โ Targets expansion to 1,000 towns over three years.
- Syrma SGS โ Elemaster JV targets โน200 Cr first-year revenue.
- Cochin Shipyard โ Started construction of four battery-electric tugs.
- Auto Components โ Industry targets $200 Bn turnover by FY30.
- Engineering Exporters โ Raised concerns over proposed Russia sanctions bill.
- NCLAT / Supertech โ Seeks status report on delayed housing projects.
KEY TAKEAWAY
- Strong order wins, funding activity and capacity expansion dominate positives, while regulatory/legal issues and promoter stake sales remain key negatives to watch.
STOCKS IN NEWS | AFTER MARKET CLOSE
POSITIVE NEWS
- Persistent Systems โ Plans to raise $450 Mn through debt/equity.
- Ola Electric โ Board to consider fundraising on Sep 5.
- KSH International โ Factory licence renewed till Dec 2030.
- HUDCO โ MoU with Bihar Government for funding of up to โน25,000 Cr.
- Kirloskar Oil Engines โ Strategic cooperation with DEUTZ on 1.6L engine platform.
- Sterlite Technologies โ CRISIL upgraded long-term ratings to AA/Stable.
- Muthoot Finance โ Shareholders approved MD/Whole-Time Director appointments.
- Jeena Sikho Lifecare โ Added six new products to its Ayurvedic portfolio.
- Jindal Worldwide โ Shareholders approved MD re-appointment.
- Shivalik Bimetal Controls โ Kabir Ghumman re-appointed as MD.
- GMR Airports โ CRISIL upgraded existing NCBs to AA-/Stable.
- Power Grid โ Won Rajasthan REZ transmission project with โน3,244 Cr annual charges.
- Kabra Extrusion Technik โ Received LOI from a leading 2-wheeler OEM for battery packs.
- Fine Organics โ Agreed to acquire 80% stake in Oleofine Organics.
- Indo-Tech Transformers โ Won โน165.6 Cr AP TRANSCO order.
- Technocraft Ventures โ Q1 margins improved 220 bps YoY.
- Nuvama Wealth โ Received relief from Supreme Court.
- ICICI Bank โ Completed purchase of additional 2% stake in ICICI Prudential Life.
- Aditya Birla Capital โ Raised โน300 Cr through listed NCDs.
- L&T Finance โ Allotted โน500 Cr NCDs.
- Aavas Financiers โ Plans โน100 Cr NCD issue.
- Anand Rathi Wealth โ Invested โน5.49 Cr in IFSC subsidiary.
- Kajaria Ceramics โ Partnered for solar/wind power supply to Rajasthan plants.
- NMDC โ August production grew 20.8% YoY.
NEGATIVE NEWS
- FACT โ Faces โน438 Cr penal-interest impact on government loan and is seeking waiver.
- SAIL โ LIC reduced stake by 2% to 4.63%, creating potential supply pressure.
- Hexaware Technologies โ CEO resigned and will transition to Senior Advisor.
- Page Industries โ Faces ~โน294 Cr Dubai court claim plus interest.
- Omaxe โ SAT dismissed appeal against SEBI order.
- Quality Power Electrical โ Deferred proposed preferential issue.
- NHPC โ Faces โน392 Cr plus โฌ1.54 Mn arbitration award in Subansiri dispute.
- Reliance Infrastructure โ ED filed PMLA prosecution complaint alleging โน179.7 Cr.
- Aarti Pharmalabs โ Faces โน59.5 Cr stamp duty and penalty.
- Responsive Industries โ Promoter group pledged 15L shares.
- GCPL โ Inventory-adjustment concerns flagged in strategy call.
NEUTRAL / WATCH
- KPI Green โ CFO Salim Yahoo ceased to be CFO/KMP.
- Blue Star โ Completed MedTech business sale for up to โน40 Cr.
- Escorts Kubota โ Launched new Farmtrac and PROMAXX tractor ranges.
- AxisCades Tech โ Board to consider โน200 Cr NCD fundraising on Sep 5.
- Baazar Style Retail โ Leadership changes; litigation with Cupid to be withdrawn.
- DIPAM โ Rural Development shares transferred to Housing & Urban Affairs; government holding unchanged at 75%.
- MosChip Technologies โ Supreme Court directed additional โน200 Cr security in Vayavya Labs dispute.
- Shukra Pharmaceuticals โ Promoter converted warrants worth โน3.13 Cr.
- Godrej Properties โ Ratings reaffirmed at AA+/Stable and A1+.
- CEAT โ Odisha tax demand revised to โน3.84 Cr plus interest/penalty.
- India Cements โ To acquire 26% in Amplus TN One Energy for up to โน14.1 Cr.
- Coromandel International โ Converted โน108 Cr subsidiary loan into equity.
- HEG โ Changed name to HEG Advanced Materials.
- Samvardhana Motherson โ Provided โน70 Cr corporate guarantee for subsidiary.
- MSP Steel & Power โ Board approved demerger scheme.
- RBL Bank โ Mobilised ~$3.4 Bn FCNR(B) deposits; considering foreign-currency bond issue.
- Metropolis Healthcare โ Targets expansion to 1,000 towns over three years.
- Syrma SGS โ Elemaster JV targets โน200 Cr first-year revenue.
- Cochin Shipyard โ Started construction of four battery-electric tugs.
- Auto Components โ Industry targets $200 Bn turnover by FY30.
- Engineering Exporters โ Raised concerns over proposed Russia sanctions bill.
- NCLAT / Supertech โ Seeks status report on delayed housing projects.
KEY TAKEAWAY
- Strong order wins, funding activity and capacity expansion dominate positives, while regulatory/legal issues and promoter stake sales remain key negatives to watch.
POSITIVE FOR CAPITAL GOODS/POWER ANCILLARY STOCKS
SIEMENS ENERGY INDIA
Order ramp up in transmission sector
Export demand for transformers, switchgears
Capacity expansion plans
SIEMENS ENERGY INDIA
Order ramp up in transmission sector
Export demand for transformers, switchgears
Capacity expansion plans
MAJOR CONTRACT WINS | SEPTEMBER 02, 2026
BEML
โน180.60 Cr โ Vande Bharat trainset manufacturing order
POWERGRID
Rajasthan inter-state transmission system project win
GPTINFRA
โน483.70 Cr โ Bridge construction project order
INDOTECH
โน165.55 Cr โ Order for 26 power transformers
MANBRO
โน7.79 Cr โ GI steel tubular poles order
ACCORDTS
โน9.69 Cr โ Transformer supply order
VEERHEALTH
โน4.37 Cr โ Order from Indian FMCG company
AFCOM
Acquisition of 4 Boeing 777-8F freighter aircraft
BEML
โน180.60 Cr โ Vande Bharat trainset manufacturing order
POWERGRID
Rajasthan inter-state transmission system project win
GPTINFRA
โน483.70 Cr โ Bridge construction project order
INDOTECH
โน165.55 Cr โ Order for 26 power transformers
MANBRO
โน7.79 Cr โ GI steel tubular poles order
ACCORDTS
โน9.69 Cr โ Transformer supply order
VEERHEALTH
โน4.37 Cr โ Order from Indian FMCG company
AFCOM
Acquisition of 4 Boeing 777-8F freighter aircraft
CLSA On #GodrejCons: Underperform call, target price cut to โน743/sh. India growth may remain lower due to GT inventory correction, high invsts & tough input-cost environment. Invsts of โน200 cr annually planned across R&D, GTM & marketing. FY27-29 CL PAT estimates cut 4-6%
Stocks To Watch |๐Ready, set, trade! Keep an eye on these stocks as they set the market buzz
RPG LIFE SCIENCES: RPG ACTIVE PHARMA ACQUIRES API BUSINESS OF RAGHAVA LIFE SCIENCES TO STRENGTHEN ITS INTEGRATED API PLAY
GODAVARI DRUGS | MICRO-CAP WITH A POTENTIAL CAPACITY INFLECTION
Godavari Drugs, with a market cap of around โน100 Cr, has released its FY26 Annual Report.
Key Developments
โข Preferential issue completed at โน89/share, raising approximately โน44.12 Cr from promoters and non-promoters.
โข The company has invested around โน60 Cr in a new manufacturing facility over the last two years.
โข This is significant against the existing net block of around โน30 Cr, effectively creating a major expansion in the fixed-asset base.
โข Production from the new facility is expected to commence in FY27.
โข The company is exploring CDMO partnership opportunities as a potential growth avenue.
What Makes It Interesting
The upcoming facility could create a meaningful step-up in manufacturing capacity relative to the companyโs existing asset base.
The CDMO opportunity is also worth tracking, although the Annual Report does not indicate any specific major breakthrough or confirmed partnership yet.
Key Takeaway
Godavari Drugs is an interesting micro-cap to watch because FY27 could be an important capacity-to-revenue conversion year.
However, the investment thesis is still at an early stage. The key monitorables will be new-facility commissioning, capacity utilisation, revenue ramp-up and any concrete CDMO wins.
Godavari Drugs, with a market cap of around โน100 Cr, has released its FY26 Annual Report.
Key Developments
โข Preferential issue completed at โน89/share, raising approximately โน44.12 Cr from promoters and non-promoters.
โข The company has invested around โน60 Cr in a new manufacturing facility over the last two years.
โข This is significant against the existing net block of around โน30 Cr, effectively creating a major expansion in the fixed-asset base.
โข Production from the new facility is expected to commence in FY27.
โข The company is exploring CDMO partnership opportunities as a potential growth avenue.
What Makes It Interesting
The upcoming facility could create a meaningful step-up in manufacturing capacity relative to the companyโs existing asset base.
The CDMO opportunity is also worth tracking, although the Annual Report does not indicate any specific major breakthrough or confirmed partnership yet.
Key Takeaway
Godavari Drugs is an interesting micro-cap to watch because FY27 could be an important capacity-to-revenue conversion year.
However, the investment thesis is still at an early stage. The key monitorables will be new-facility commissioning, capacity utilisation, revenue ramp-up and any concrete CDMO wins.
๐ LISTING TODAY - 03 SEP 2026
1. LUMINO INDUSTRIES LTD
- NSE: LUMINO | BSE: 544894
- IPO PRICE: โน82 | RETAIL LOT: 182 | HNI LOT: 2548
- ISIN: INE185Q01025
1. LUMINO INDUSTRIES LTD
- NSE: LUMINO | BSE: 544894
- IPO PRICE: โน82 | RETAIL LOT: 182 | HNI LOT: 2548
- ISIN: INE185Q01025
๐๐ก๐๐จ๐จ ๐๐๐ก๐ก ๐๐ฎ๐จ๐ฉ๐๐ข๐จ (๐๐ฃ๐๐๐) ๐๐๐ข๐๐ฉ๐๐ ๐๐๐
โDate : 8 to 10-Sep-2026
โPrice : โน172 - โน182
โLot : 82 Shares
โSize : โน427.89 Cr
โFV : โน2/-
โRetail : 35%
Lots:
โBhni : 2,048
โShni : 1,024
โRetail : 1,00,349
โAllotment : 11 Sep
โListing : 16 Sep
โRegistrar : MUFG Intime
โDate : 8 to 10-Sep-2026
โPrice : โน172 - โน182
โLot : 82 Shares
โSize : โน427.89 Cr
โFV : โน2/-
โRetail : 35%
Lots:
โBhni : 2,048
โShni : 1,024
โRetail : 1,00,349
โAllotment : 11 Sep
โListing : 16 Sep
โRegistrar : MUFG Intime
โค1
๐๐ง๐๐จ๐ค๐ก ๐พ๐๐๐ข๐๐๐๐ก๐จ ๐๐๐ข๐๐ฉ๐๐ ๐๐๐
โDate : 8 to 10-Sep-2026
โPrice : โน643 - โน676
โLot : 22 Shares
โSize : โน500.00 Cr
โFV : โน2/-
โRetail : 35%
Lots:
โBhni : 2,401
โShni : 1,201
โRetail : 1,17,671
โAllotment : 11 Sep
โListing : 16 Sep
โRegistrar : KFIN Tech
โDate : 8 to 10-Sep-2026
โPrice : โน643 - โน676
โLot : 22 Shares
โSize : โน500.00 Cr
โFV : โน2/-
โRetail : 35%
Lots:
โBhni : 2,401
โShni : 1,201
โRetail : 1,17,671
โAllotment : 11 Sep
โListing : 16 Sep
โRegistrar : KFIN Tech
๐๐๐ฃ๐ค๐๐๐ง ๐๐ก๐๐๐ฉ๐ง๐๐๐๐ก๐จ ๐๐๐ข๐๐ฉ๐๐ ๐๐๐
โDate : 8 to 10-Sep-2026
โPrice : โน601 - โน632
โLot : 23 Shares
โSize : โน1053.74 Cr
โFV : โน2/-
โRetail : 35%
Lots:
โBhni : 5,188
โShni : 2,594
โRetail : 2,54,203
โAllotment : 11 Sep
โListing : 16 Sep
โRegistrar : MUFG Intime
โDate : 8 to 10-Sep-2026
โPrice : โน601 - โน632
โLot : 23 Shares
โSize : โน1053.74 Cr
โFV : โน2/-
โRetail : 35%
Lots:
โBhni : 5,188
โShni : 2,594
โRetail : 2,54,203
โAllotment : 11 Sep
โListing : 16 Sep
โRegistrar : MUFG Intime
๐ผ๐จ๐จ๐๐ฉ ๐๐๐๐ค๐ฃ๐จ๐ฉ๐ง๐ช๐๐ฉ๐๐ค๐ฃ ๐พ๐ค๐ข๐ฅ๐๐ฃ๐ฎ (๐๐ฃ๐๐๐) ๐๐๐ข๐๐ฉ๐๐ ๐๐๐
โDate : 9 to 11-Sep-2026
โPrice : โน132 - โน139
โLot : 107 Shares
โSize : โน732.97 Cr
โFV : โน10/-
โRetail : 35%
Lots:
โBhni : 3,520
โShni : 1,760
โRetail : 1,72,488
โAllotment : 15 Sep
โListing : 17 Sep
โRegistrar : MUFG Intime
โDate : 9 to 11-Sep-2026
โPrice : โน132 - โน139
โLot : 107 Shares
โSize : โน732.97 Cr
โFV : โน10/-
โRetail : 35%
Lots:
โBhni : 3,520
โShni : 1,760
โRetail : 1,72,488
โAllotment : 15 Sep
โListing : 17 Sep
โRegistrar : MUFG Intime
โค1
๐ข IPO EVENTS | 03 SEP 2026
1. ALLOTMENT(S) ๐
- PHYCHEM TECHNOLOGIES LTD (BSE SME)
- SHANTI INORGANICS LTD (NSE SME)
- PURPLE STYLE LABS LTD (MAINBOARD)
- ASHUTOSH FIBRE LTD (NSE SME)
2. LISTING(S) ๐ฏ
- LUMINO INDUSTRIES LTD (MAINBOARD)
- KWICK FORENSIC SOLUTIONS LTD (BSE SME)
3. CLOSING TODAY โณ
- RAYS OF BELIEF LTD (MAINBOARD)
- DEEPA JEWELLERS (MAINBOARD)
- FARM PEACE LTD (BSE SME)
- FLY-HI MARITIME TRAVELS LTD (BSE SME)
NO NEW IPO OPEN TODAY๐
1. ALLOTMENT(S) ๐
- PHYCHEM TECHNOLOGIES LTD (BSE SME)
- SHANTI INORGANICS LTD (NSE SME)
- PURPLE STYLE LABS LTD (MAINBOARD)
- ASHUTOSH FIBRE LTD (NSE SME)
2. LISTING(S) ๐ฏ
- LUMINO INDUSTRIES LTD (MAINBOARD)
- KWICK FORENSIC SOLUTIONS LTD (BSE SME)
3. CLOSING TODAY โณ
- RAYS OF BELIEF LTD (MAINBOARD)
- DEEPA JEWELLERS (MAINBOARD)
- FARM PEACE LTD (BSE SME)
- FLY-HI MARITIME TRAVELS LTD (BSE SME)
NO NEW IPO OPEN TODAY๐