Page 6 - Indian Stocks
Bernstein quants downgrade Indian stocks, predict further upside for China
The quant strategists lowered their call on India to underweight from neutral, citing expectations for continued foreign outflows and weak earnings
 "Bernstein quants downgrade Indian stocks, predict further upside for China")
Market Today: Ratan Tata dies, TCS Q2, GIFT Nifty up 100 pts, Israel war
At 6:30 AM, GIFT Nifty Futures were up 123 points at 25,207, indicating a gap-up opening for the Indian bourses.
 "Market Today: Ratan Tata dies, TCS Q2, GIFT Nifty up 100 pts, Israel war")
SBI is Nomura's top pick, says PSB well set to deliver on asset quality
Nomura has reaffirmed its 'Buy' rating for SBI, maintaining a target price of Rs 980. This target suggests a potential upside of approximately 25per cent from the previous closing price of Rs 781.
 "SBI is Nomura's top pick, says PSB well set to deliver on asset quality")
Time to downgrade Indian stock markets? Sell India, buy China? Analyst view
Absolute-return investors must avoid Indian markets in the backdrop of recent developments, especially the stimulus by China, suggests a report by BCA Research
 "Time to downgrade Indian stock markets? Sell India, buy China? Analyst view")
PSP Projects share rises over 5% on securing order worth Rs 270 crore
The uptick in PSP Projects share price came after the company announced that it has bagged an order worth Rs 270 crore from domestic entities.
 "PSP Projects share rises over 5% on securing order worth Rs 270 crore")
Weak Q2 sales pushes Sobha share price 4% lower on October 8
Sobha's new sales plunged 44.9 per cent year-on-year (Y-o-Y) to 929,907 square feet in Q2FY25, from 1,686,196 square feet in Q2FY24.
 "Weak Q2 sales pushes Sobha share price 4% lower on October 8")
Hi-Tech Pipes launches QIP at floor price of Rs 194.98 per share; stock up
Hi-tech Pipes shares rose after the company announced that it has launched its qualified institutional placement (QIP), setting a floor price of Rs 194.98 per share, as approved by its board and share
This T group stock hit 5% upper circuit on October 8; check reasons here
Zodiac Energy share price surged after the company announced that it has secured an order worth 154.27 crore from Ahmedabad Municipal Corporation (AMC).
 "This T group stock hit 5% upper circuit on October 8; check reasons here")
JLR's disappointing September quarter update drags Tata Motors share 4%
The decline in Tata Motors share came on the back of disappointing sales figures for Jaguar Land Rover (JLR) in the September quarter (Q2FY25).
 "JLR's disappointing September quarter update drags Tata Motors share 4%")
CG Power to buy RF components business of Renesas for $36 mn; share up 3%
CG Power's share price rose after the company announced that it has inked a deal to acquire Radio Frequency (RF) Components business of Renesas for $36 million in an all-cash deal
 "CG Power to buy RF components business of Renesas for $36 mn; share up 3%")
Why did Titan shares tumble 3% despite stellar Q2 business report?
Titan share price dropped despite the company reporting robust business performance for the September quarter (Q2FY25).
 "Why did Titan shares tumble 3% despite stellar Q2 business report?")
Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers
Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.
 "Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers")
Shilpa Medicare shares rise 3% on receiving CEP for Desmopressin; details
Shilpa Medicare share price surged after the company said that its arm, Shilpa Pharma Lifesciences, has received certificate of suitability (CEP) from EDQM for API, Desmopressin
 "Shilpa Medicare shares rise 3% on receiving CEP for Desmopressin; details")
UFlex up 4% as arm to set up aseptic packaging unit in Egypt for $126 mn
UFlex share price surged after the company announced that its step down wholly owned subsidiary, Flex Asepto (Egypt) SAE, has decided to set up an Aseptic Packaging facility in Egypt.
 "UFlex up 4% as arm to set up aseptic packaging unit in Egypt for $126 mn")
Rs 2,327-cr deal wins in Sept sends NCC share 3% higher; more info here
The NCC share price rose after the company announced that it has secured an order worth Rs 2,327 crore in September.
 "Rs 2,327-cr deal wins in Sept sends NCC share 3% higher; more info here")
Top Indian fund bullish on hospital stocks amid rising healthcare spending
JM Flexicap Fund has returned over 40 per cent this year, beating over 96 per cent of peers during the period
 "Top Indian fund bullish on hospital stocks amid rising healthcare spending")
Zen Tech up 4% on launching remote-operated weapon & surveillance systems
The rise in Zen Technologies share price came after the company announced that it has launched remote-controlled weapon and surveillance systems to strengthen India's defence capabilities.
Indian shares hit record highs helped by gains in IT and consumer firms
The consumer goods index was up 0.4 per cent and was among the top gainers of the 13 major sub-indexes
 "Indian shares hit record highs helped by gains in IT and consumer firms")
ECOS (India) Mobility shares slip 5% on weak Q1 FY25 operational show
The fall in the share price came on the back of weak operational performance in the June quarter of financial year 2025 (Q1FY25).
This smallcap NBFC stock rose 5% ahead of Board meeting to raise funds
The shares of Ugro Capital rose ahead of the company's scheduled board meet on September 24 to consider fund raising.
 "This smallcap NBFC stock rose 5% ahead of Board meeting to raise funds")
