Thakkers Developers, Nasik-based, FY25 EPS Rs.7.20, debt free, huge land bank, strong project pipeline. Mcap Rs.152 cr. – attractive for long-term growth.
ABM Knowledgeware, e-Governance & Smart City solutions, strong order book & reserves. Won multi-cr FASTPAS project in UP. Promoters 67%, P/E 27. Breakout visible – keep on track.
Shera Energy expands global footprint with new subsidiary in Ethiopia.
Emerald Finance partners with EBIX Payment Services, Mumbai and Techfund Invest & Consult Pvt. Ltd., Bangalore to offer Early-Wage-Access program to employees.
FlySBS Aviation to induct first of six dry-leased 7-seater aircraft with commercial operations expected Q3FY26.
As per market veteran, higher stock gains require giving up smaller gains: aiming for 200–300% means letting go of many 60–70% gains; aiming for 60–70% means letting go of many 20–25% gains, and so on. Decide your target and build the mindset accordingly.
As per market veteran, Indian Railways plans 200 Vande Bharat sleeper trains by 2030, with 150 expected soon. Positive for Integra Engineering, potentially surpassing its lifetime high of Rs.328.
As per astrology view, some important turning dates are 6th, 10th, 13th & 17th October 2025.
Stay alert – stay cautious. Tata Capital’s IPO priced at Rs.310–326 shocked pre-IPO investors who entered at Rs.1000–1125 in April, facing steep losses. Sentiment remains weak for other pre-IPOs like NSE, Groww, and NSDL.
NSE Investor Growth: Registered investor base crossed 12 crore unique PANs on 23rd Sept, with total accounts at 23.5 crore. Investor additions have accelerated—1 crore took 14 years, next 1 crore seven years, another 1 crore 3.5 years, and the latest 1 crore just over a year.
List of Selected defence & defence connected cos.: 1) Apollo Micro System 2) Axiscades 3) Azad Engineering 4) Astra Microwave. 5) BEL 6) BEML 7) Bharat Dynamics 8) C2C Advanced Sys 9) Centum Electronics 10) CFF Fluid Control 11) Cochinship 12) Data Patterns 13) Dynamatic Technology 14) GRSE 15) HAL 16) High Energy Batteries 17) IdeaForge Tech 18) Jaykay Enterprises 19) Krishna Defence 20) Mazdock 21) Marine Electricals 22) NIBE 23) Paras Defence 24) Premier Explosives 25) PTC Industries 26) Rossell Techsys 27) Sika Interplant 28) Solar Industries 29) ZENTEC.
Equirus on TrentDowngrades To ‘Reduce’ From ‘Add’; Cuts Target Price To ₹4,474 From ₹5,759Premium To Fade As Growth Moderates; Signs Of Growth Fatigue Have Emerged SinceQ2 Is Poised To Be The Fifth Consecutive Quarter Of Sequential Moderation In Topline GrowthQ2 Standalone Revenue Growth Of 17% Marks Lowest Performance In The
Equity:
Nifty: 25,077 (+0.74%)
Sensex: 81,790 (+0.72%)
DIIs: Bought Rs. 5,036 cr
FIIs: Sold Rs. 313 cr
GIFT Nifty: 25,155 (as of 7:30 a.m.)
KRN HEAT EXCHANGER
Co acquires Sphere Refrigeration’s Bus Air-Conditioning division
Strategic acquisition through Business Transfer Agreement signed between KRN HVAC Products Pvt. Ltd. and Sphere Refrigeration Systems Pvt. Ltd.
All operations, assets, and employees of the bus AC business to be integrated with KRN’s HVAC division.
Strengthens KRN’s presence in automotive HVAC, expanding its mobility cooling portfolio.
Daily Morning Report Date: 07.10.2025
NIFTY OUTLOOK: 25077.65 FII: -313.77 cr DII: 5036.39 cr
As discussed yesterday, market behaviour remained on expected lines during the day, as the continuation of bullish momentum and strong demand took the Nifty rally up to 24995.95 on a successful breakout above 24940, and it closed near our projected level of 25077 at 25077.65.
A series of three consecutive bullish candles on the daily chart indicates strong momentum, suggesting the current uptrend is likely to continue. If Nifty sustains this northward move, then on a decisive breakout above 25124, it may rally further to 25171–25217, while stronger demand could extend gains up to 25263.
NYKAA Q2 BIZ
Nykaa Reports Strong Q2 FY26 Momentum; GMV Growth Nearing 30% Driven by Beauty & Fashion
Robust Growth: Consolidated GMV growth expected close to 30% YoY, led by strong traction in Beauty and Fashion verticals.
Beauty Vertical: Continues strong double-digit growth with support from brands like Dot & Key, Kay Beauty, and Nykaa Cosmetics.
Fashion Vertical: NSV growth in higher mid-20s, net revenue growth improving to low 20s on better brand assortment and customer acquisition.
JPMorgan on Avenue Supermarts – Maintain Neutral | Target ₹4,350
Q2 revenue growth of 15% may weigh on near-term stock performance; revenue 2% below street expectations. Store expansion pace steady.
LG Electronics India Ltd. (LGEIL), the country’s leading consumer electronics and home appliances company, has opened its IPO for subscription from 7th to 9th October 2025, marking one of the most anticipated listings in the sector. The company has filed an offer for sale of 10.18 crore shares aggregating up to Rs. 11,607.01 cr., priced between Rs. 1080–1140 per share, implying a post-issue market capitalization of around Rs. 77,380 cr.
After months of anticipation, Tata Capital’s Rs 15,512-crore IPO, the largest issue of the year, opened for subscription on Monday and will close on Wednesday. The grey market premium (GMP) remained subdued at around 2% above the issue price as the IPO opened for bidding. The offer comprises a fresh issue of Rs 6,846 crore and an offer for sale (OFS) of Rs 8,666 crore by promoter Tata Sons, which currently holds a 95.6% stake in the company.
President Donald Trump commemorated the U.S. Navy’s 250th anniversary with a spirited rally-style event in Norfolk, Virginia, on Sunday, October 5, 2025. Despite the ongoing government shutdown, which has left military personnel working without pay, Trump delivered remarks that resembled a campaign rally, energizing the crowd of approximately 10,000 sailors.
In a major development toward peace in Gaza, US President Donald Trump announced that Israel has agreed to an “initial withdrawal line” which has been shared with Hamas. According to Trump, once Hamas formally confirms, a ceasefire would kick in immediately—and prisoner exchanges would begin.
Trump stumps Indian software!
$100,000 H-1B Visa Fee: A Potential Headwind
The White House is reportedly considering a steep $100,000 annual fee on H-1B visas, a move that could significantly impact Indian IT companies, given their heavy reliance on U.S. markets and onsite delivery models. While the fine print of the policy is awaited, early assessments suggest material risks to profitability across the sector.
Tourism Finance Corporation of India Ltd. (TFCIL) is poised for a strategic evolution, with its Board approving an exclusive term sheet to acquire 100% stake in Cosmea Investment Private Limited (CIPL) and its wholly owned subsidiaries and trusts through a dedicated special-purpose vehicle (SPV). This move represents a major step in TFCIL’s journey from a focused tourism finance institution to a broad-based financial services player.
KV Toys India Limited has taken an exciting stride toward expansion by filing its Draft Red Herring Prospectus (DRHP) with the BSE, signaling its intention to bring the magic of play to public markets. This move underscores the company’s commitment to delivering joy, creativity, and innovation across households in India.
ACME has established a separate entity under the Group to operate its Renewable Equipment Manufacturing Business. The company has set up a solar module manufacturing facility in Jaipur with an annual capacity of 1.2 GW, developed with an investment of Rs 230 crore. The Jaipur facility is designed to produce high-efficiency solar modules catering to diverse applications such as utility-scale power plants, KUSUM projects, export opportunities, and rooftop installations.
Jaipur-based Advit Jewels Ltd.has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
The offer, with a face value of Rs 10 per equity share, comprises a fresh issue of up to 1.38 crore equity shares. The proceeds from the fresh issuance will be utilized as follows — Rs 65 crore for funding incremental working capital requirements, Rs 65 crore for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed from scheduled commercial banks, and the balance for general corporate purposes.
HEC Infra Projects Limited Secures Two Orders Worth ₹47.98 Cr Across Power & Water Infrastructure Segments Ahmedabad, October 4th, 2025 – HEC Infra Projects Limited (HEC, The Company), (NSE Code: HECPROJECT), – HEC Infra Projects Limited, one of the leading EPC players specialising in Electrical, Mechanical, and Instrumentation works, is pleased
Silverline Technologies Ltd. (STL), formerly known as Silverline Industries Ltd., is a global technology consulting, software and business solutions company enabling digital transformation for businesses across AI, cloud, cybersecurity and emerging technologies. Incorporated over 28 years ago, the company has delivered software services to Fortune 100 clients worldwide, with industry expertise spanning retail, banking, insurance, automotive, hospitality and manufacturing across the US, Europe and Asia. It was India’s first company to be listed on the NYSE and was ranked 7th largest software company in India by NASSCOM in 2002.
India’s electronics manufacturing sector is riding a powerful tide. Over the past decade, the industry has expanded sixfold — from ₹1.9 trillion in FY15 to ₹11.3 trillion in FY25 — while exports surged eightfold, from ₹380 billion to ₹3.3 trillion. Value‐addition has also jumped from about 30% to 70%, with a target of 90% by FY27. Government incentives like the PLI scheme and the Electronics Component Manufacturing Scheme (₹229.2 billion) are fueling this growth.
India’s pharmaceutical industry may be on the brink of a breakthrough in its export strategy, following a bold move by China. Beijing has announced a sweeping cut in import duties — slashing the 30 percent tariff on Indian pharmaceutical imports to zero. This decision is expected to open up a duty-free opportunity worth $10–15 billion for Indian drugmakers.
As Q2FY26 earnings season gets underway, investors are scrutinizing India’s banking sector closely. With macro headwinds and signs of slowing credit growth, the question on many minds is whether banking stocks will stumble in the near term or offer a chance for accumulation.
Gold prices continued their upward trend, with 18-carat (18K) gold now priced at Rs 9,644 per gram, excluding 3% GST and making charges, according to the India Bullion and Jewellers Association (IBJA). This means buyers must now pay around Rs 96,440 for 10 grams of 18K gold. Just a few days ago, on 3rd October 2025, the rate stood at Rs 9,473 per gram, highlighting a steady rise in gold prices amid changing global and domestic cues.
The Trump administration has issued a stark warning that mass layoffs of federal workers may commence if negotiations with congressional Democrats to resolve the ongoing partial government shutdown continue to stall. A senior White House official stated on Sunday that such action would be considered if discussions are deemed “absolutely going nowhere.”
Harshil Tomar, co-founder of the Indian startup Dreamlaunch, turned a career setback into a major entrepreneurial milestone after being fired from his remote US job earlier this year. In March 2025, Tomar was dismissed due to his increasing focus on Dreamlaunch, a decision he initially kept from his family to avoid worrying them.
Thakkers Developers, Nasik-based, FY25 EPS Rs.7.20, debt free, huge land bank, strong project pipeline. Mcap Rs.152 cr. – attractive for long-term growth.
ABM Knowledgeware, e-Governance & Smart City solutions, strong order book & reserves. Won multi-cr FASTPAS project in UP. Promoters 67%, P/E 27. Breakout visible – keep on track.
Shera Energy expands global footprint with new subsidiary in Ethiopia.
Emerald Finance partners with EBIX Payment Services, Mumbai and Techfund Invest & Consult Pvt. Ltd., Bangalore to offer Early-Wage-Access program to employees.
FlySBS Aviation to induct first of six dry-leased 7-seater aircraft with commercial operations expected Q3FY26.
As per market veteran, higher stock gains require giving up smaller gains: aiming for 200–300% means letting go of many 60–70% gains; aiming for 60–70% means letting go of many 20–25% gains, and so on. Decide your target and build the mindset accordingly.
As per market veteran, Indian Railways plans 200 Vande Bharat sleeper trains by 2030, with 150 expected soon. Positive for Integra Engineering, potentially surpassing its lifetime high of Rs.328.
As per astrology view, some important turning dates are 6th, 10th, 13th & 17th October 2025.
Stay alert – stay cautious. Tata Capital’s IPO priced at Rs.310–326 shocked pre-IPO investors who entered at Rs.1000–1125 in April, facing steep losses. Sentiment remains weak for other pre-IPOs like NSE, Groww, and NSDL.
NSE Investor Growth: Registered investor base crossed 12 crore unique PANs on 23rd Sept, with total accounts at 23.5 crore. Investor additions have accelerated—1 crore took 14 years, next 1 crore seven years, another 1 crore 3.5 years, and the latest 1 crore just over a year.
List of Selected defence & defence connected cos.: 1) Apollo Micro System 2) Axiscades 3) Azad Engineering 4) Astra Microwave. 5) BEL 6) BEML 7) Bharat Dynamics 8) C2C Advanced Sys 9) Centum Electronics 10) CFF Fluid Control 11) Cochinship 12) Data Patterns 13) Dynamatic Technology 14) GRSE 15) HAL 16) High Energy Batteries 17) IdeaForge Tech 18) Jaykay Enterprises 19) Krishna Defence 20) Mazdock 21) Marine Electricals 22) NIBE 23) Paras Defence 24) Premier Explosives 25) PTC Industries 26) Rossell Techsys 27) Sika Interplant 28) Solar Industries 29) ZENTEC.
Equirus on TrentDowngrades To ‘Reduce’ From ‘Add’; Cuts Target Price To ₹4,474 From ₹5,759Premium To Fade As Growth Moderates; Signs Of Growth Fatigue Have Emerged SinceQ2 Is Poised To Be The Fifth Consecutive Quarter Of Sequential Moderation In Topline GrowthQ2 Standalone Revenue Growth Of 17% Marks Lowest Performance In The
Equity:
Nifty: 25,077 (+0.74%)
Sensex: 81,790 (+0.72%)
DIIs: Bought Rs. 5,036 cr
FIIs: Sold Rs. 313 cr
GIFT Nifty: 25,155 (as of 7:30 a.m.)
KRN HEAT EXCHANGER
Co acquires Sphere Refrigeration’s Bus Air-Conditioning division
Strategic acquisition through Business Transfer Agreement signed between KRN HVAC Products Pvt. Ltd. and Sphere Refrigeration Systems Pvt. Ltd.
All operations, assets, and employees of the bus AC business to be integrated with KRN’s HVAC division.
Strengthens KRN’s presence in automotive HVAC, expanding its mobility cooling portfolio.
Daily Morning Report Date: 07.10.2025
NIFTY OUTLOOK: 25077.65 FII: -313.77 cr DII: 5036.39 cr
As discussed yesterday, market behaviour remained on expected lines during the day, as the continuation of bullish momentum and strong demand took the Nifty rally up to 24995.95 on a successful breakout above 24940, and it closed near our projected level of 25077 at 25077.65.
A series of three consecutive bullish candles on the daily chart indicates strong momentum, suggesting the current uptrend is likely to continue. If Nifty sustains this northward move, then on a decisive breakout above 25124, it may rally further to 25171–25217, while stronger demand could extend gains up to 25263.
NYKAA Q2 BIZ
Nykaa Reports Strong Q2 FY26 Momentum; GMV Growth Nearing 30% Driven by Beauty & Fashion
Robust Growth: Consolidated GMV growth expected close to 30% YoY, led by strong traction in Beauty and Fashion verticals.
Beauty Vertical: Continues strong double-digit growth with support from brands like Dot & Key, Kay Beauty, and Nykaa Cosmetics.
Fashion Vertical: NSV growth in higher mid-20s, net revenue growth improving to low 20s on better brand assortment and customer acquisition.
JPMorgan on Avenue Supermarts – Maintain Neutral | Target ₹4,350
Q2 revenue growth of 15% may weigh on near-term stock performance; revenue 2% below street expectations. Store expansion pace steady.
LG Electronics India Ltd. (LGEIL), the country’s leading consumer electronics and home appliances company, has opened its IPO for subscription from 7th to 9th October 2025, marking one of the most anticipated listings in the sector. The company has filed an offer for sale of 10.18 crore shares aggregating up to Rs. 11,607.01 cr., priced between Rs. 1080–1140 per share, implying a post-issue market capitalization of around Rs. 77,380 cr.
After months of anticipation, Tata Capital’s Rs 15,512-crore IPO, the largest issue of the year, opened for subscription on Monday and will close on Wednesday. The grey market premium (GMP) remained subdued at around 2% above the issue price as the IPO opened for bidding. The offer comprises a fresh issue of Rs 6,846 crore and an offer for sale (OFS) of Rs 8,666 crore by promoter Tata Sons, which currently holds a 95.6% stake in the company.
President Donald Trump commemorated the U.S. Navy’s 250th anniversary with a spirited rally-style event in Norfolk, Virginia, on Sunday, October 5, 2025. Despite the ongoing government shutdown, which has left military personnel working without pay, Trump delivered remarks that resembled a campaign rally, energizing the crowd of approximately 10,000 sailors.
In a major development toward peace in Gaza, US President Donald Trump announced that Israel has agreed to an “initial withdrawal line” which has been shared with Hamas. According to Trump, once Hamas formally confirms, a ceasefire would kick in immediately—and prisoner exchanges would begin.
Trump stumps Indian software!
$100,000 H-1B Visa Fee: A Potential Headwind
The White House is reportedly considering a steep $100,000 annual fee on H-1B visas, a move that could significantly impact Indian IT companies, given their heavy reliance on U.S. markets and onsite delivery models. While the fine print of the policy is awaited, early assessments suggest material risks to profitability across the sector.
Tourism Finance Corporation of India Ltd. (TFCIL) is poised for a strategic evolution, with its Board approving an exclusive term sheet to acquire 100% stake in Cosmea Investment Private Limited (CIPL) and its wholly owned subsidiaries and trusts through a dedicated special-purpose vehicle (SPV). This move represents a major step in TFCIL’s journey from a focused tourism finance institution to a broad-based financial services player.
KV Toys India Limited has taken an exciting stride toward expansion by filing its Draft Red Herring Prospectus (DRHP) with the BSE, signaling its intention to bring the magic of play to public markets. This move underscores the company’s commitment to delivering joy, creativity, and innovation across households in India.
ACME has established a separate entity under the Group to operate its Renewable Equipment Manufacturing Business. The company has set up a solar module manufacturing facility in Jaipur with an annual capacity of 1.2 GW, developed with an investment of Rs 230 crore. The Jaipur facility is designed to produce high-efficiency solar modules catering to diverse applications such as utility-scale power plants, KUSUM projects, export opportunities, and rooftop installations.
Jaipur-based Advit Jewels Ltd.has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
The offer, with a face value of Rs 10 per equity share, comprises a fresh issue of up to 1.38 crore equity shares. The proceeds from the fresh issuance will be utilized as follows — Rs 65 crore for funding incremental working capital requirements, Rs 65 crore for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed from scheduled commercial banks, and the balance for general corporate purposes.
HEC Infra Projects Limited Secures Two Orders Worth ₹47.98 Cr Across Power & Water Infrastructure Segments Ahmedabad, October 4th, 2025 – HEC Infra Projects Limited (HEC, The Company), (NSE Code: HECPROJECT), – HEC Infra Projects Limited, one of the leading EPC players specialising in Electrical, Mechanical, and Instrumentation works, is pleased
Silverline Technologies Ltd. (STL), formerly known as Silverline Industries Ltd., is a global technology consulting, software and business solutions company enabling digital transformation for businesses across AI, cloud, cybersecurity and emerging technologies. Incorporated over 28 years ago, the company has delivered software services to Fortune 100 clients worldwide, with industry expertise spanning retail, banking, insurance, automotive, hospitality and manufacturing across the US, Europe and Asia. It was India’s first company to be listed on the NYSE and was ranked 7th largest software company in India by NASSCOM in 2002.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
