INVESTMENT HAWK SPEAKS

 

INVESTMENT HAWK SPEAKS

SARASIJ MAJUMDER

Focus – Gift Nifty is up 0.2%. US market gained up to 1.4% due to falling bond yield. Gland Pharma 5% equity shares block deal at 5% discount. Gold jump 3%. Brent Crude above $96/bbl.

Cable wire companies hike cable wire price.

Services PMI rises to 15-month high at 54.1 in August.

IPO listing – ESDS Software and Priority Jewels.

UltraTech Cement enters wires and cables business with Rs1800cr investment. Sebi plans net settlement for mutual fund trades in cash market.

Actionable – Lalithaa, Lumino, Inox Wind, Prestige Estates. Supreme court dismisses SEBI’s plea against NSE.

Market outlook Today – We expect the domestic equity market to open on a positive note, supported by the rally in global markets, declining global bond yields, and expectations of a delay in the US Federal Reserve’s interest-rate hike. Domestic service-sector growth in August also remained strong, reaching a 15-month high. Asian markets opened up to 2% higher as sentiment improved following dovish comments from a US Federal Reserve Governor, who indicated that interest rates could remain unchanged if inflationary pressures continue to ease. Global bond yields also declined sharply amid expectations of a delayed rate hike by the Fed. Back home, Gift Nifty is trading 0.2% higher. While the Nifty declined 0.2% yesterday, the broader market witnessed a strong rally, with both mid-cap and small-cap indices gaining up to 1%. Expect the positive momentum in mid- and small-cap stocks to continue, driven by strong quarterly performance and robust capital expenditure. Furthermore, strong Q1 GDP growth of 7.8%, resilient global markets, and declining global bond yields are expected to further improve market sentiment. At the sectoral level, the outlook remains positive for NBFCs, IT, capital-market companies, and cable & wire stocks.

 Sector-wise outlook:

Focus on cable & wire stocks – Expect positive for cable & wire companies after the news hike price due to rising copper price.

Focus on IT stocks – Expect positive for tech stock due to falling US bond yield and expectation of delay US Fed to hike interest rate.

Focus on capital market stocks – Expect positive for capital market stocks after the news that the Sebi plans net settlement for mutual fund trades in cash market

Focus on defense stocks – Expect positive for defense stocks after the news that India and Belgium signed a defense pact covering joint weapons production, giving European firms greater access to India

Focus on real estate stocks – Expect positive for real estate stocks on expectations of a recovery in revenue growth, supported by robust demand for luxury housing

Focus on paper stocks – Expect positive for paper stocks due to strong quarterly earnings, government measures like minimum import prices on multi-layer paperboard, and rising festive and packaging demand

Gold – Gold rose 2.5% to $4500/ounce as the dollar tumbled against the yen. Brent Crude -. Brent Crude gained 1% to above $96/bbl with renewed US-Iran hostilities reviving fears of prolonged disruptions to crude shipments through the Strait of Hormuz.

FIIs – FIIs were net sellers Rs2345cr. FIIs were net buyers Rs5486cr this month

DIIs – DIIs were net buyers Rs4977cr. DIIs were net buyers Rs9637cr this month

Previous Day Market Summary – Equity benchmark Nifty closed marginally lower amid profit booking above the 24,000 level, as escalating geopolitical tensions between the US and Iran and a surge in crude oil prices to a one-month high above $96/bbl weighed on market sentiment. However, broader markets witnessed a smart rally, led by strong gains in mid-cap, small-cap and realty stocks. The Nifty 500 advance-decline ratio stood at 1.5:1, indicating a shift in investor interest from large-cap stocks towards mid- and small-cap counters. Nifty declined 40 points, or 0.2%, to close at 23,873 after touching an intra-day high of 24,010.

Nifty Technical level – Nifty formed a bearish candle on the daily frame and closed near its lower band. Now till it holds below 24000 zones weakness could extend towards 23700 then 23600 levels while on the upside hurdles can be seen at 24100 then 24200 zones.

Bank Nifty Technical Level – Bank Nifty formed a bearish candle on the daily chart, indicating selling pressure continues to remain visible at higher levels. Now if it holds below 76300 zones, weakness could be seen towards 75800 then 75500 zones while hurdles have shifted lower to 76500 then 76700 zones.

Block deal - Gland Pharma 5% equity shares block deal at 5% discount

 AGM - Leela Palaces Hotels, Swan Corp, Balu Forge

 IPO Listing - Priority Jewels IPO subscribed 100.45 times.

 IPO Listing - ESDS Software Solution IPO subscribed 142.88 times

Corporate Actions - AIA Engineering Ltd Rs 16, Arvind Ltd Rs 4.5, Clean Science and Technology Ltd Rs 4, Coal India Ltd Rs 5.25, General Insurance Corporation of India Rs 13.25, Gulf Oil Lubricants India Ltd Rs 30, Indigo Paints Ltd Rs 5, Jagsonpal Pharmaceuticals Ltd Rs 4, Jonjua Overseas Ltd Rs 7:24, Mazda Ltd Rs 4, TCC Concept Ltd Stock Split From Rs.10/- to Rs.2/-

Capital market stocks - Sebi proposed allowing net fund settlement for mutual fund cash market trades. This move aims to ease temporary liquidity pressures and improve settlement efficiency. Mutual funds can now net purchase and sale funds within the same settlement cycle. Securities settlement will continue on a gross, delivery basis under the new proposal. This change addresses market participant feedback regarding liquidity and operational inefficiencies.- Positive for BSE.  

Max Healthcare  - To infuse Rs 87.87 crore into Kalinga Hospital via rights issue.  

Shanthi Gears: Appointed Sai Krishna Alluri as CFO with immediate effect, replacing the Interim CFO effective September 03, 2026. .- Positive

IRFC: JCR upgraded IRFC's long-term issuer credit rating to ‘A-' with Stable outlook from ‘BBB+' with Stable outlook. .- Positive

 Ceigall India: Received an LoI worth approximately Rs. 5,300 crore from REC Power Development and Consultancy for a Gujarat power-transmission project, .- Positive

 RVNL: Emerged as the lowest bidder (L1) for a Rs. 404.88 crore East Coast Railway project involving third-line works, bridges, track linking and allied infrastructure, with a 30-month execution period.- Positive

 Great Eastern Shipping: Commencement date of buyback of equity shares of up to Rs. 900 crore at a maximum price of Rs. 1,530 per share will commence on September 4, 2026 through the open-market route. .- Positive

Indian Energy Exchange: Recorded its highest-ever monthly electricity traded volume of 13.94 billion units (BU) in August 2026, up 20.2% year-on-year; Real-Time Market (RTM) volume rose 10.6% to 5.56 BU.- Positive

 Power Grid Corporation of India: Declared successful bidder under Tariff Based Competitive Bidding (TBCB) for the 7,500-megawatt Lakadia Renewable Energy Zone transmission project in Gujarat; Letter of Intent received on September 3, 2026. annual transmission charges Rs. 1,152.49 crore. .- Positive

Bharat Forge: WOS Kalyani Strategic Systems signed a Strategic Alliance Agreement with Thales to establish indigenous production of 70-mm unguided and laser-guided rocket systems.- Positive

Kalyani Strategic Systems signed a Memorandum of Understanding (MoU) with FN Herstal for a potential joint venture for small arms, integrated weapon systems and counter-unmanned aerial system solutions in India. .- Positive

 HEG Advanced Materials: Composite Scheme becomes effective; graphite business demerged into HEG Graphite and Bhilwara Energy amalgamated into HEG Advanced Materials. .- Positive

 HUDCO: Japan Credit Rating Agency (JCR) upgraded its long-term foreign and local currency issuer ratings to A- from BBB+, with a Stable outlook. .- Positive

 Ramco Systems: Signs MoU with Safran Helicopter Engines for engine-data integration. .- Positive

Sterlite Technologies: Board approves Rs. 3,000 crore capex for 50% capacity expansion by FY29. .- Positive

 Welspun Invest. - Board approved up to Rs 1,285 crore infusion into subsidiary and up to Rs 1,000 crore investment in promoter group company. .- Positive

 Avalon Technologies - Formed a 51:49 electronics manufacturing JV with Germany's Zollner Elektronik AG for PCBA, box-build and system integration in India; Avalon has an option to increase its stake to 51% after three years of commercial production. .- Positive

 HAL - GE Aerospace shipped three F404-IN20 engines to HAL in Aug. 2026 for the indigenous fighter jet programme, supporting aircraft production. .- Positive

 Diamond Power Infrastructure - Received Rs 76.1 crore order (including GST) for supply of 66 kV EHV underground power cables for a transmission project in Gujarat; order covers ~293 km of cables. .- Positive

 Cohance Lifesciences - Cohance will invest USD 18 million, lifting NJ Bio to 67.3% and Aruka Bio to 65%..- Positive

 Cipla - Announces Exclusive Partnership with Qilu Pharmaceutical for the Licensing and Supply of Biosimilar to Keytruda (Pembrolizumab) in the US .- Positive

WeWork India – Co.  to develop 10 MWp solar power plant in Karnataka, accelerating its goal to transition to 100% renewable electricity .- Positive

SAIL - India Ratings upgraded issuer rating and public deposit rating to AA+ (Stable) from AA (Stable) and upgraded/affirmed bank loan facilities at IND AA+/Stable / IND A1+; commercial paper rating A1+ reaffirmed. .- Positive

 Anant Raj- Company plans to demerge its data center and cloud business into a separately listed entity, Ashok Cloud, with the scheme already filed with the exchanges.

 Inox Wind – Company said it has secured a 100 MW wind energy turnkey order worth Rs 755 crore from Indian Oil Corporation. - positive

 Max Healthcare- Company’s board approved to infuse an additional amount of ₹87.87 Crore, by way of subscription to equity shares on rights basis of Kalinga Hospital Ltd., a subsidiary of the Company. - positive

Hindustan Zinc - Government of Karnataka has issued a Letter of Intent (LoI) in favour of the company, the preferred bidder for grant of a mining lease over an extent of 314.21 Hectares situated in Gundlupet Taluka, Chamrajnagar District, Karnataka. – positive

 Supreme court dismisses SEBI’s plea against NSE: Report - Supreme Court dismisses SEBI's plea against NSE, clearing a path for the exchange's long-delayed IPO plans.

 Adani Ports – Company reported record cargo volumes of 50 MMT in August 2026. - positive

 Autoline Industries – Company has secured a new business award from Tata Motors Passenger Vehicles Ltd for the supply of critical components for SUV applications. - positive

 Canara Bank – Company has approved the raising of foreign currency funds through the issuance of senior unsecured foreign currency bonds (fixed rated / floating rated) of up to $2bn in the international market. - positive

 Suven Life Sciences – Company announces completion of patient enrolment in global phase-3 study of Masupirdine (SUVN-502) for agitation associated with Alzheimers Dementia (AAD) - positive

Solex Energy – Company secured work orders from domestic entities for the supply of Solar PV Modules.  positive

Shadowfax – Company has expanded Shadowfax 360 with a channel partner network and is targeting 1,000 partners over three years. - positive

 Mobavenue AI – Company bags Gold award for AI-Powered Programmatic Excellence, highlighting its Neural Engine tech that autonomously optimizes digital ad campaigns. – Positive

 Balu Forge Industries – Company acquires India's largest ring rolling production line, capable of forging rings up to 6.7m diameter & 18,000kg weight, targeting defense, aerospace, wind energy & nuclear sectors. – Positive

Ceigall India – Company receives LoI from RECPDCL for Rs 5,300cr transmission project with 35-year operational period and Rs 608.67cr annual charges. – Positive

 Bondada Engineering – Company incorporates Photonic Grid Networks, a new subsidiary to build and operate fiber optic infrastructure for hyperscalers, AI companies and data centers, creating recurring revenue streams. – Positive

 Saatvik Green Energy - Company's material subsidiary Saatvik Solar Industries secures ₹297.5 Cr order from two leading IPPs/EPC players for Solar PV Modules supply, to be executed by March 2027. – Positive

 Autoline Industries – Company wins ₹100 crore annual order from Tata Motors Passenger Vehicles for SUV components, covering both ICE and EV models, boosting Sanand operations.– Positive

 HCLTech – Company inks MoU with Transport for NSW to bring AI-powered SCATS traffic analytics to Indian cities using Sarvam's multilingual models, enabling local language queries. – Positive

 Suven Life Sciences – Company completes global Phase-3 enrollment for Masupirdine (SUVN-502), its novel Alzheimer's agitation therapy, with 424 patients randomized across USA and Europe; topline results expected May 2027. – Positive

Tata Power – Company energizes 400kV Jalpura-Khurja transmission corridor with 162 CKM lines & 1,000 MVA substation, boosting NCR-West UP power grid. – Positive

 Solex Energy Limited – Company secures ₹74.77 crore work orders from domestic entities for Solar PV Module supply, execution scheduled for December 2026. – Positive

Shadowfax Tech – Company expands Shadowfax 360 with Channel Partner Network, targeting 1,000 partners across Tier 2 cities over three years to bring assisted logistics to Bharat's offline SMEs. – Positive

 Prestige Group Buys Gurugram Land for $593M Project – Company has acquired a 17.14-acre land parcel in Gurugram to develop a residential project with an estimated gross development value of Rs5600cr

 EMS Ltd – Company has emerged as the lowest bidder (L1) for a sewerage project worth Rs 219 crore in Rajasthan– Positive

 IDFC First Bank– Company mobilized a gross amount of $3.57 billion from non-resident Indian customers under the Reserve Bank of India’s FCNR-B swap window– Positive

 JSW Steel - India Ratings and Research (Ind-Ra) has upgraded the rating on JSW Steel's Non-Convertible Debentures (NCDs) to 'AA '. The rating agency has assigned a Stable Outlook to the upgraded rating– Positive

 Garden Reach Shipbuilders – Company has signed an MoU with DNV for collaboration in warship design and marine engineering. The company has also signed an MoU with Damen for the construction of dredgers. – Positive

Bharat Forge, RK Forgings  - North America Class 8 Truck Orders Decline North America Class 8 truck orders stood at 16,800 units in August 2026, according to ACT Research. Orders declined 26% month-on-month. On a seasonally adjusted basis, preliminary net orders fell 35% month-on-month. – Expect volatile

 NOTE: I will prepare, and share this ‘BLOG’  once a WEEK, PREFERABLY ON Friday, SO THAT Investor/ Trader plan on weekends.

Will appreciate your 'FEEDBACK'. But no Discussion.