The Economic Times

Manipal Hospitals acquisition-led expansion is entering a key phase, with Jefferies initiating coverage with a Buy rating and Rs 870 target. The brokerage expects strong earnings growth, driven by the turnaround of Sahyadri Hospitals, new bed additions, higher utilisation and operating leverage. However, execution risks at Sahyadri and intensifying competition in Bengaluru remain key concerns for the investment case.

Shares of IRB Infrastructure Developers surged up to 8% after the company reported a 25% YoY rise in toll revenue to Rs 807 crore in August 2026, supported by strong traffic growth and tariff revisions. Key projects, including the Mumbai-Pune Expressway and Ahmedabad-Vadodara Expressway, also recorded healthy revenue growth, offering a positive operational trigger for the stock.

Enviro Infra Engineers shares sharply after its step-down subsidiary Suyog Urja received a Rs 224.19 crore LOI from Tata Power Renewable Energy for EPC works on a 180 MW NTPC wind project in Maharashtra. The contract covers foundation, balance-of-plant and transmission-line works, strengthening the companys renewable energy portfolio.

Coforge shares recovered after brokerages retained Buy calls, saying concerns over Chairman Om Prakash Bhatts resignation are overdone. Nuvama and Motilal Oswal see limited business impact and remain positive on the companys growth outlook.

United Nations Secretary-General Antonio Guterres will attend the BRICS Summit in India this week. He will speak on the importance of multipolarity and reforming global institutions. Guterres will highlight that current realities differ from those of 1945. He is expected to meet Prime Minister Narendra Modi and other officials. The summit will discuss pressing global challenges and inclusive growth.

ESDS Software Solutions shares fell sharply on Thursday after surging 235% from their IPO price in four sessions. While strong demand for cloud, AI infrastructure, cybersecurity and digitalisation supports the companys long-term prospects, analysts warn of near-term profit-taking, execution risks and stretched valuations after the stocks sharp post-listing rally.

Ola Electric shares rallied on Thursday as value buying emerged after three consecutive sessions of decline. Around 6.87 crore shares worth Rs 270 crore were traded. The buying interest followed the companys launch of its first batch of dealer-operated stores.

Analysts are bullish on major names such as Adani Power, BSE and PhysicsWallah, among others, and forecast strong upside from current market levels.

This year's SME IPO market in India offers a varied landscape for investors. While twenty-one stocks emerged as multibaggers, numerous others significantly lagged behind. The median return for investors is a modest 3.9 percent, underscoring that impressive gains are largely attributable to a handful of standout performers. As such, careful stock selection is essential for those venturing into the SME IPO segment.

Shakti Pumps shares surged nearly 12% after the company secured a Rs 216.64 crore order from MSEDCL to supply 10,000 solar water pumping systems across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana.

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Ather Energy shares rose after Nomura raised its target to Rs 1,926, citing faster EV adoption, the Konarc launch and stronger growth prospects. The brokerage retained its Buy rating and raised its EV penetration forecast for FY30.

Jefferies has initiated coverage on Vodafone Idea with a Buy rating and a Rs 20 price target, implying 29% upside. The brokerage expects subscriber stabilisation, tariff hikes and operating leverage to drive recovery, with cash EBITDA forecast to grow at a 25% CAGR through FY31. However, funding needs and execution remain key risks to the turnaround.

Thursday marked a mixed start for Indian benchmark indices in light of previous losses. The Sensex dipped, while the Nifty edged up slightly. The performance across broader markets reflected this divergence, with midcaps declining and smallcaps rising. Higher crude oil prices may challenge energy-sensitive sectors, while defensive sectors, particularly FMCG and pharmaceuticals, are expected to remain robust.

Five railway multitracking projects worth around Rs 10,021 crore have been approved across South India, adding about 540 km to the Indian Railways network. Three more projects worth Rs 10,783 crore were cleared across five states. The projects are expected to boost rail capacity, ease congestion, improve connectivity and support incremental freight movement over the coming years.

Pranav Constructions IPO investors are awaiting the share allotment update today after the Rs 351.03 crore issue was massively oversubscribed 121 times. The allotment is expected to be finalised on September 11, with the stock slated to list on both BSE and NSE on September 15, 2026.

Glass Wall Systems IPO is witnessing strong investor demand, with 8.22x overall subscription by Day 2 and a 36% GMP indicating positive listing expectations. The Rs 427.89 crore issue closes September 10, 2026. Proceeds will fund a glass processing unit, while FY26 revenue and profit grew strongly. Analysts recommend subscribing for long-term growth.

Prasol Chemicals IPO enters its final bidding day with muted demand and zero GMP, pointing to expectations of a flat listing. The Rs 500 crore issue was 72% subscribed on Day 2, with retail investors subscribing 1.14 times their quota.

Four Nifty500 stocks that gained over 3% on September 9 were highlighted in the RSI Trending Up scan, based on data from StockEdge. Aegis Logistics, Adani Enterprises, Max Healthcare Institute and JSW Infrastructure recorded a rise in RSI, indicating strengthening momentum in their stock prices.

Three Nifty500 stocks appeared on the White Marubozu bullish scanner on September 9, according to StockEdge technical scan data. The candlestick pattern indicates strong buying pressure, with prices moving from near the session low towards the high.

Veegaland Developers is coming out with a Rs 210-crore book-built IPO, comprising an entirely fresh issue of 1.50 crore shares. There is no offer-for-sale component, meaning the proceeds will go to the company.

Rentomojo is currently in the second day of its initial public offering, displaying an impressive grey market premium of thirty-five percent. Retail investors have eagerly subscribed, exceeding their quota by one point fifty-four times. The company plans to allocate the IPO funds towards debt repayment and essential operational costs. Analysts recommend subscription due to Rentomojo's strong market position and promising growth potential.

Under Sebi's T+1 settlement cycle, investors need to purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (September 11), making them eligible for the dividend.

Under PVR Inox's buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 9 equity shares for every 157 equity shares held as on the record date (September 4). For shareholders falling under the general category, the buyback entitlement has been fixed at 21 equity shares for every 1,108 equity shares held on the record date.

Hero Motors has announced an initial public offering (IPO) price range between Rs 79 and Rs 84, set to open for subscription on Wednesday, September 16. Anchor investors have the opportunity to place their bids a day prior to the public offering. The funds generated through the IPO are earmarked for reducing debt and expanding facilities. The company's stock market debut is slated for September 23.

The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.

Sebi has removed trading restrictions on Copthall Mauritius Investment and Mansi Share after they deposited questionable gains with the regulator last month. This decision aligns with Sebi's directive to block certain funds from their accounts. Nevertheless, they will still face limitations when participating in the closing auction session, as investigations into claims of market manipulation persist.

Piyush Goyal urged BRICS nations to boost women entrepreneurs in global trade. India shared its success in financial inclusion and collateral-free loans for women. The minister highlighted efforts to increase female workforce participation significantly. BRICS countries agreed to explore a common platform for international trade. This initiative aims to integrate societies and provide opportunities for marginalized sections.

Moldovan airspace closed Tuesday afternoon after a Russian drone crashed near a village. This closure caused delays for three departing flights, including President Zelenskyy's. The drone fragments found resembled Russian Geran-type drones used in Ukraine. Spanish fighter jets tracked the drone through Romania before it reentered Moldovan airspace. Investigations continue to determine the drone's explosive payload and origin.

US Secretary Marco Rubio detailed a new US strategy for combating drug trafficking in Latin American waters. The United States will now prioritize joint operations with allied nations, respecting their laws. This approach follows a year of unilateral strikes against alleged narcotraffickers in international waters. Ecuador has become a key partner, with joint efforts targeting criminal organizations.

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US Senators have urged action against three India-based companies for alleged hacking. These firms reportedly stole data from thousands of Americans and US companies. Investigations suggest widespread hacking targeting private equity and pharmaceutical firms. The companies also allegedly used foreign courts to censor reporting and silence criticism. Senators want these firms added to an Entity List to cut off US tools.

Iran attacked ten ships near the Strait of Hormuz after the United States sank five Iranian oil tankers. This escalation caused benchmark Brent crude futures to surge past one hundred dollars a barrel. The United States military released video showing Iranian tankers ablaze before they sank overnight. Iran stated it fired ballistic missiles at a United States military base in Jordan.

The National Stock Exchange has updated its draft prospectus with Sebi, slashing its initial public offering size to about twenty-two thousand five hundred crore rupees. Existing shareholders will see their offer for sale drop to five point two five percent of the paid-up capital. Anticipating a launch in the third week of September, this adjustment may enable Hyundai Motor India to maintain its record for the largest IPO in India.

BSE CEO Sundararaman Ramamurthy says most market participants are yet to embrace the new closing auction system, with only a handful of institutions participating a month after its launch. The muted uptake suggests the mechanism is still grappling with initial teething issues.