The Economic Times

Nomura has initiated coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850, implying nearly 20% upside. The brokerage sees premiumisation, backward integration and margin expansion as key growth drivers, with EPS expected to grow at a 26% CAGR over FY26FY29. Execution delays and slower premiumisation remain key risks.

Motilal Oswal Financial Services has pinpointed ten Nifty stocks as attractive growth investments. Key players like Bharti Airtel, State Bank of India, and ICICI Bank stand out in this selection. With analysts forecasting significant increases in earnings per share in the coming years, investors should reflect on their choices in light of this comprehensive research, which emphasizes the necessity of enhancing earnings and solid economic fundamentals in today's marketplace.

Ellenbarrie Industrial Gases shares rallied 5.10% after the company secured a Rs 481-crore contract from BHEL to build a 1,200 TPD cryogenic Air Separation Unit for its Coal to Ammonium Nitrate Project. The turnkey project will be executed over eight quarters and is expected to be commissioned in FY29, expanding Ellenbarries presence in Indias coal gasification ecosystem.

The Rs 552-crore Orient Cables IPO entered its final day of bidding on September 29 amid strong investor demand. In the grey market, the IPO was commanding a 27% premium over its issue price. The book-built issue comprises a fresh issue of 1.18 crore shares worth Rs 320 crore and an OFS of 85.29 lakh shares worth Rs 232 crore.

PB Fintech shares have plunged 42% in four sessions, wiping out Rs 37,000 crore in market value after IRDAI proposed reforms targeting insurance distribution and dark patterns. While Jefferies cut its target to Rs 1,540, Bernstein retained an Outperform rating with a Rs 2,310 target, implying 100% upside.

JM Financial predicts a lackluster Q2 earnings season for leading IT companies. Despite obstacles, firms like TCS and Infosys exhibit target prices suggesting room for growth. The brokerage foresees ongoing competitive challenges and macroeconomic instability. However, with wage hikes coming to an end for certain companies, margins are expected to improve. Investors should remain vigilant, analyzing specific earnings and future guidance during this critical time.

Vikram Solar shares rose 3% after securing a 400 MW module supply order for decentralised solar projects across Maharashtra. The company will supply 620 Wp N-Type TOPCon G12R modules from October 2026 through March 2027. The order strengthens its presence in agricultural-feeder solarisation and Indias expanding renewable energy infrastructure.

Tata group stocks declined after Tata Trusts proposed restructuring Tata Sons to potentially remove its NBFC and CIC classification, which could allow the holding company to remain private and ease regulatory requirements linked to a listing.

Honasa Consumer shares declined up to 5% after 1.4 crore shares worth Rs 643 crore changed hands in a block deal. The transaction comes after the Mamaearth parent reported a 116.5% YoY rise in Q1 FY27 profit to Rs 90 crore. The company has set a Rs 5,500-crore revenue target by FY31, aiming to expand EBITDA margins to 15%.

India's primary market is on the brink of a colossal IPO wave, with estimates nearing Rs 4 lakh crore. Analysts express concern that this influx might siphon off liquidity from the secondary market, which could adversely affect current stock values. While IPO activity undoubtedly impacts liquidity, experts emphasize that multiple factors shape market dynamics. Historical analysis indicates that secondary market valuations may eventually appeal more to investors.

Three Nifty500 stocks closed more than 1.5% below their respective VWAPs on September 29, according to StockEdges technical scan data, signalling that they ended the session below their volume-weighted average traded prices.

India added 55 lakh mobile subscribers in August, according to data from the Telecom Regulatory Authority of India. Reliance Jio continued to lead with 24 lakh new users, while Bharti Airtel gained 21 lakh and Vodafone Idea over 5 lakh. Jio holds a market share of 39.31%, followed by Airtel with 38.01%. The growth in urban subscriptions increased by 0.70% from July to August this year.

A new US import ban on various Canadian products including alcohol has recently taken effect. This ban follows months of escalating trade tensions between the US and Canada. According to Spirits Canada, the impact of this ban on the alcohol sector could be significant. The ban was initiated after Canada imposed retaliatory tariffs on US goods worth about $20 billion.

Bose wired earbuds launched: Bose has brought back wired earbuds after eleven years, launching a 99 dollar pair with active noise cancelling and a USB-C connector in place of the usual headphone jack. The earbuds are up for preorder now, with shipping expected in October.

Chairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, cross-border payments, and how the A7 international payment system operates, which essentially lacks international payments.

The Indian automobile market is witnessing robust retail sales as the festive season draws near. A significant year-on-year uptick of 81.8% was recorded in early September 2026, primarily attributed to a previously low base. However, analysts speculate that growth rates might decelerate in the latter half of FY27 due to last year's high benchmarks. Mahindra & Mahindra is anticipated to thrive, bolstered by an extensive product lineup.

On Tuesday, the Indian stock market faced a substantial downturn. This sharp decline came after a previous drop exceeding 1.5% the day before. A staggering Rs 4 lakh crore was wiped off in market capitalisation, as investors reacted to rising oil prices and climbing bond yields.

Credit Saison India is expanding its MSME lending portfolio by increasing secured loans, particularly in Tier 2 and Tier 3 towns. The company plans to raise the proportion of secured loans to 30% by the end of this fiscal year. With a current loan book of Rs 25,000 crore, it aims to open more branches across the country.

The IPOs of SRIT India and Shah Investors Home entered their second day of bidding on September 29, with SRIT India subscribed 1 time and Shah Investors Home 31% on Day 1. Both issues will close on September 30. SRIT India commands a GMP of 25%, while Shah Investors Home has a GMP of around 8%, indicating positive listing expectations, though GMP remains unofficial.

As 2023 unfolds, the Nifty index appears headed for its most disappointing year in a decade and a half. Key contributors to this downturn include high valuations and a flight of foreign investors. The IT sector continues to struggle amid geopolitical conflicts that have exacerbated oil prices and inflation fears. While local institutions lend some assistance, international investors remain reluctant.

Coforge appoints former Bharti Enterprises vice-chairman Akhil Kumar Gupta as chairperson and independent director for five years, following boardroom turmoil triggered by O P Bhatts resignation. The IT services firm retains its FY27 guidance and long-term growth targets.

On September 28, three Nifty500 stocks closed over 1% above their VWAP, signaling potential bullish momentum. A close above VWAP indicates stronger prices than the volume-weighted daily average, reflecting positive market sentiment.

Indian pharma stocks, including Sun Pharma and Aurobindo Pharma, are in focus after the US exempted India and 19 other countries from 100% tariffs on certain patented specialty pharmaceuticals and ingredients. Eligible products include rare-disease drugs, gene and cell therapies, and infertility treatments. Generic medicines remain outside the Section 232 tariffs.

Among the four, Black Opal Consultants is the largest issue at Rs 55.08 crore, followed by EverestIMS Technologies at Rs 48.46 crore, Vans Electroengineerings at Rs 33.98 crore and Papadmalji Agro Foods at Rs 20.18 crore.

BSE has been included in the Nifty 50 after its six-month average free-float market capitalisation came in at Rs 1,40,879 crore. This is at least 1.5 times the six-month average free-float market capitalisation of the smallest constituent in the eligible universe, Wipro, whose average free-float market capitalisation stood at Rs 55,930 crore, according to the NSE release in August.

Three Nifty500 stocks gained over 3% and featured in StockEdges RSI trending up scan on September 28, signalling strengthening momentum as their RSI values crossed above 50 from below.

Goldman Sachs maintained a Buy rating on Eternal, formerly Zomato, raising its target price by 11% to Rs 385. The brokerage foresees Eternal hitting $1 billion EBITDA by FY29, driven by Blinkit's robust growth and steady-state margin expansion alongside stabilising competitive intensity in quick commerce.

Four NSE F&O stocks recorded a rise of over 7% in futures open interest on September 28, led by Force Motors with an 11.9% increase. Godfrey Phillips India, ICICI Bank and Bharat Dynamics also saw significant increases.

The IPO opened for subscription on September 22, 2026, and closed on September 24, 2026. It received an overall subscription of 1.58 times. The retail portion was subscribed 1.00 times, while the non-institutional investor (NII) segment saw 0.92 times subscription. The qualified institutional buyer (QIB) portion was subscribed 3.16 times.