13, October, 2025
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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

October 10, 2025

  • Daily Morning Report                      Date: 10.10.2025
  • NIFTY OUTLOOK: 25181.80 FII 1308.16 cr DII 854.36 cr
  • As discussed yesterday, market behaviour remained on the expected lines during the day as Nifty broke above the resistance of 25139, pushing the rally up to the next resistance of 25183 (made a high of 25199.25) and closed near it at 25181.80.
  • A long bullish candle on the daily chart suggests that bulls have regained control after minor profit booking, indicating a resumption of the short-term uptrend. If Nifty continues its upward momentum, it may rally up to 25273–25318 on a decisive breakout above 25227. Stronger demand could extend the move to 25361.
  • On the downside, 25137–25091 may act as immediate support. A break below these levels and sustained weakness could drift Nifty towards 25047–25000.
  • BANK NIFTY OUTLOOK:
  • SPOT: 56192.05 PCR: 1.05 Max CE OI: 57000 Max PE OI: 55000
  • On October 9th, 2025, Bank Nifty closed at 56192.05 (up 173.80 points / 0.31%). The total intraday movement was 442.35 points, with a high of 56286.25 and a low of 55843.90.
  • Technical View:
  • Important support and resistance levels for Bank Nifty are 55200 and 56350 respectively.
  • Intraday support and resistance levels are 56070 and 56314 respectively.
  • Today’s Intraday Strategy:
  • Go long above 56314 with a stop loss at 56273 and target 56435.
  • Go short below 56070 with a stop loss at 56111 and target 55949.
  • The Relative Strength Index (RSI) for Bank Nifty is at 62.8. Below 30 is considered oversold and above 70 overbought.
  • Bank nifty Day SMA Analysis:
  • Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).
  • Bank nifty is trading below 0 out of 8 SMA’s.
  • Two candlestick Pattern was identified in bank nifty.
  • • Engulfing Uptrend
  • • Inside Uptrend
  • Macros:
  • 1. Dollar index is @ 98.945.
  • 2. S&P 500 is @ 16.76 ( +2.94%)
  • 3. Brent crude is @ 66.01
  • 4. US 10 years bond yield is @ 4.147
  • Note:
  • The deadline for the China–US trade deal is nearing, and China has begun applying pressure by announcing export bans on artificial diamonds used in semiconductors and military applications, along with restrictions on five rare earth elements. Both nations are expected to use pressure tactics ahead of the deadline.
  • Bullions continue their strong run, though some profit booking is likely around or after Diwali as gold futures premiums for far-month contracts begin to decline.
  • In India, FIIs remain on a selling spree, offloading nearly Rs.1.30 lakh cr in the last four months. Unless the US–India trade deal is finalised, markets are likely to stay range-bound — with FIIs capping upside moves, while DIIs and retail investors prevent a sharp fall.
  • If the trade deal is delayed further, job losses could mount in sectors heavily impacted by the ongoing tariff tensions.
  • --------------------------------------------------------------------------
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • AUTHUM INVESTMENT: ACQUIRES 21.25% STAKE IN MIRC ELECTRONICS (ONIDA)
  • Authum Investment & Infrastructure acquired 7.83 million shares in MIRC Electronics Ltd at ₹16.81 per share under preferential allotment.
  • The total investment amounts to ₹13.62 crore through cash consideration.
  • The funds will support working capital needs and growth plans of MIRC Electronics.
  • @Beatthestreetnews
  • SONA BLW: SIGNS MOU WITH GERMANY’S NEURA ROBOTICS FOR ROBOT AND HUMANOID DEVELOPMENT
  • Sona BLW Precision Forgings (Sona Comstar) signed an MoU with NEURA Robotics GmbH to jointly develop advanced robotics and humanoid technologies.
  • The partnership will focus on AI-driven automation, component industrialization, and cognitive robotics integration.
  • The collaboration aims to position India as a hub for intelligent robot manufacturing for global markets.
  • @Beatthestreetnews
  • BRIGHTCOM GROUP : CO. SIGNS MOU WITH PROJECT DYNAMO TO ADVANCE AI-DRIVEN DISASTER RESPONSE SYSTEMS
  • Collaboration: Brightcom Group partners with Project DYNAMO (USA) — a veteran-led humanitarian organization specializing in disaster response and high-risk evacuations.
  • Scope: Jointly develop AI-powered command & decision-support systems for crisis management, evacuation coordination, and civilian resilience.
  • Alignment: Supports India’s G20 Disaster Risk Reduction (DRR) initiative, focusing on early warning and integrated response infrastructure.
  • Synergy: Combines Project DYNAMO’s field expertise with Brightcom’s Defence AI stack for real-time situational awareness and rapid deployment.
  • Market opportunity: Global emergency response market pegged at US$177.7B (2025); APAC segment growing ~9.3% CAGR.
  • Positive impact: Expands Brightcom’s Defence division footprint, strengthens AI applications beyond AdTech, and positions company in the high-value disaster-tech and defence AI space.
  • JUBILANT PHARMOVA : CO’S US SUBSIDIARY JHS LAUNCHES NEW HIGH-SPEED ISOLATOR LINE IN SPOKANE
  • Launch milestone: Jubilant HollisterStier (JHS), US subsidiary of Jubilant Pharmova, inaugurated its third sterile fill & finish line at Spokane facility, USA.
  • Investment: US$132 million project adds 50% capacity; aligns with multi-phase expansion plan to double total sterile injectable output.
  • Technology: Advanced isolator-based system ensures higher sterility, precision, and regulatory compliance for complex injectable programs.
  • Next step: A fourth line under development to further expand capacity and create hundreds of new jobs in the U.S.
  • Strategic advantage: Strengthens domestic manufacturing amid U.S. import substitution drive and growing demand from global innovators.
  • Positive impact: Enhances Jubilant’s CDMO leadership, boosts revenue visibility, and positions the company for strong global growth in sterile injectables.
  • PB FINTECH: RECEIVES NCLT APPROVAL FOR MERGER OF MAKESENSE TECHNOLOGIES
  • PB Fintech Ltd received approval from the NCLT Chandigarh Bench for the amalgamation of Makesense Technologies Ltd with the company.
  • The scheme became effective on August 29, 2025, the date of NCLT sanction.
  • The merger aims to simplify the corporate structure and integrate Makesense Technologies’ operations.
  • @Beatthestreetnews
  • UDAY JEWELLERY INDUSTRIES Q2 SHAREHOLDING : PROMOTERS STAKE INCREASED TO 74.91 % FROM 73.93% IN Q1
  • HCP PLASTENE BULKPACK Q2 SHAREHOLDING ; FIIs STAKE INCREASED TO 4.50 % FROM 0.07 % IN Q1
  • LEELA PALACES: INVESTS IN UAE SUBSIDIARY TO EXPLORE GLOBAL OPPORTUNITIES
  • Leela Palaces Hotels & Resorts, through its subsidiary Aries Holdings (DIFC) Ltd, will acquire a 25 percent stake in Argon Holdings (DIFC) Ltd for up to ₹35,000.
  • Argon Holdings, incorporated in the UAE in October 2023, currently has no turnover.
  • The related party transaction will be completed by end of 2025 on an arm’s length basis.
  • @Beatthestreetnews
  • ASM TECHNOLOGIES Q2 SHAREHOLDING : PROMOTERS STAKE INCREASED TO 58.09 % FROM 56.83 %
  • FIIs STAKE CUTS TO 0.56 % FROM 0.67 % IN Q1
  • DIIs STAKE INCREASED TO 0.05 % FROM 0.02 % IN Q1
  • KNOWLEDGE MARINE: CLARIFIES STATUS OF INVESTORS IN PREFERENTIAL ALLOTMENT
  • Company clarified the current and proposed investor status in its preferential issue.
  • Key allottees include Infinity Direct Holdings, Infinity Direct Capital, Infinity Partners II Direct, Ashish Kacholia, Vimana Capital Management, Suryashakti Management Services, and promoter Sujay Kewalramani.
  • All except Sujay Kewalramani are in the non-promoter category.
  • Clarification was made in response to an NSE query on preferential issue details.
  • @Beatthestreetnews
  • TCS
  • CLSA – O-P, TP ₹3559
  • Beat on all fronts including revenue, EBIT margin and order bookings. Expects demand in 2HFY26 to be better than 1HFY26. Growth was broad-based, with retail and the UK remaining weak. Management shows aggression with AI-focused restructuring, acquisitive stance, and 1GW data centre plan over 5–7 years — aiding long-term earnings but impacting ROCE and FCF/PAT profile.
  • HSBC – Hold, TP ₹3260
  • Q2 beat on growth and margins; deal wins in line. Sees better 2H vs 1H. AI capacity expansion reinforces TCS’s hyperscaler relationships. Risk-reward remains balanced.
  • Nomura – Neutral, TP ₹3300
  • Modest Q2 beat; revenue strong but PAT impacted by restructuring costs. Foray into data centres boosts AI ecosystem presence. FY26 expected to outpace FY25, but margin expansion seen limited.
  • Jefferies – Hold, TP ₹3100
  • Q2 revenue and margins in line, but profit missed due to Rs.11 bn restructuring cost. Growth in key markets yet to recover; 3% QoQ headcount drop negative. Data centre foray may not materially change growth profile. EPS CAGR seen at 4% over FY26–28.
  • Avendus – Upgrade to Buy, TP ₹3700
  • Deal wins strong at $10 bn in Q2 (up 16% YoY), providing recovery visibility for 2HFY26–FY27. Management optimistic on growth aided by vendor consolidation deals. AI data centre offers potential and risk; maintains FY26–27 estimates largely unchanged.
  • CITI – Sell, TP ₹2800
  • Q2 inline on revenue; EBIT margin (ex-restructuring) at 25.2%. Headcount down 3% QoQ. International growth guidance appears challenging. 1GW data centre investment increases asset intensity. Stock down 25% CYTD; outlook remains weak.
  • Goldman Sachs – Buy, TP ₹3300
  • Q2 constant currency revenue +0.8% QoQ (-3.3% YoY), EBIT up 7% YoY. Foray into data centres (1GW capacity) and focus on acquisitions to enhance AI capabilities. Neutral read-through for rest of IT sector.
  • UBS – Neutral, TP ₹3435 (earlier ₹3400)
  • Q2 margin beat; AI investments announced. Clients remain cautious with discretionary budgets tight, though project deferrals are easing.
  • TATA ELXSI
  • Kotak Institutional Equities – Sell, TP ₹4000
  • In-line quarter with slightly better revenue but weaker profitability. Media & communications led growth, though weakness persists. Automotive ramp-ups support near-term. Expect moderate 2HFY26 recovery; FY26E revenue to decline 5.4% YoY.
  • MOSL – Sell, TP ₹4400
  • Soft demand; headwinds in Media & Healthcare. Management guides for double-digit growth in FY27. Valuations steep at 52x 12M FWD P/E.
  • Avendus – Sell, TP ₹4690
  • Cuts revenue est. by 2% for FY26–27. Expects FY26 growth led by non-transportation verticals, broad-based FY27 recovery. FY26 EBITDA margin seen down 77 bps to 22.7%; improvement expected in FY27.
  • PREMIER ENERGIES
  • JP Morgan – Neutral, TP ₹1019
  • New project proposals could lift India’s solar cell capacity beyond 100 GW by FY27, outpacing demand. Oversupply risk could hit margins despite policy support like DCR/ALMM.
  • LIFE INSURANCE SECTOR
  • Morgan Stanley – Industry Update
  • Individual RWRP down 6% YoY; private players grew 8%. SBI Life and HDFC Life rose 15% and 6%, while ICICI Pru fell 8%. Watching for post-GST cut recovery in sales.
  • Kotak Securities – Sector View
  • Private life APE grew 9% YoY in September. SBI Life saw a sharp pickup (19% growth), driving Q2 recovery. Axis Max Life steady at 13%.
  • GODREJ PROPERTIES
  • Morgan Stanley – Equal-weight, TP ₹2400
  • Expects strong Q2 presales of ₹9300 cr, recovering sharply from Q1. Positions Godrej as a sector outperformer. Valuations seen attractive.
  • INDIA STRATEGY
  • Bernstein – India: The New IPO Factory
  • India ranks third globally in IPO funding this year, with 160+ issues in 21 months. IPOs have outperformed Nifty in five of the last seven quarters.
  • BofA – Q2 Preview: Searching for Sunshine
  • Low expectations for Q2; Autos, Discretionary, Staples, and Financials to drag earnings. Prefers NBFCs, REITs, and Autos as rate-sensitive plays.
  • CITI – Q2 Preview
  • EBITDA growth seen at 5% ex-commodities; 13% YoY headline led by commodity gains. Financials near bottom; monitoring urban consumption recovery post-GST cuts.
  • MORGAN STANLEY CIO SURVEY –
  • 2026 IT spending outlook slightly improving but still below pre-Covid levels. Budgets remain cautious; sentiment mildly positive for 2026.
  • CLSA ON AUTO SECTOR –
  • Festive demand strong; GST cuts and pent-up demand lifted PV volumes 25% and two-wheelers 21% YoY in first 16 days. CVs and tractors up 5%, three-wheelers up 7%.
  • FLYSBS AVIATION: EXPANDS FLEET WITH NEW EMBRAER LEGACY 650 BUSINESS JET
  • Company to induct a 13-seater Embraer Legacy 650 under dry lease, expanding its business jet fleet.
  • The aircraft has a range of 3,900 nautical miles, enabling non-stop flights up to 6 hours to the Middle East and Southeast Asia.
  • Target customers include ultra-HNIs and corporate leaders in the premium charter segment.
  • @Beatthestreetnews
  • Le Travenues Technology: Preferential Issue ????
  • • Preferential issue to MIH Investments One B.V. for ₹12,955.63 Cr
  • • 46,270,092 equity shares at ₹280/share
  • • Proceeds allocation:
  • • 25% → Organic growth (₹323.89 Cr)
  • • 25% → Inorganic growth (₹323.89 Cr)
  • • 25% → Working capital (₹323.89 Cr)
  • • 25% → General corporate purposes (₹323.89 Cr)
  • • MIH stake: 10.10% post-issue + 1 board seat
  • • EGM: Nov 01, 2025
  • • Trading window: Closed until 48 hrs after results (expected on/before Nov 14, 2025)
  • KPI GREEN ENERGY – POWER TRADING LICENCE
  • KPI Green Energy secured a Category A Power Trading Licence from Gujarat Electricity Regulatory Commission (GERC).
  • This allows the company to trade electricity & optimize sales from KP Group’s 6+ GW renewable portfolio.
  • Licence enables direct participation in power exchanges with flexible procurement options for industrial & utility customers.
  • Supports verifiable green energy blocks & transparent pricing, accelerating India’s clean-energy transition.
  • Dr. Faruk Patel, Chairman & MD: "This is a strategic milestone for KPI Green Energy."
  • GMDC Bets big On Rare Earth Mineral Mining
  • To Spend Rs 4400 crores in Phase 1 to boost Rare Earth Production
  • Plans to integrate and bring entire REE Value chain under its umbrella
  • SPICEJET – FLEET EXPANSION
  • SPICEJET: The company said 20 aircraft will join its operational fleet between October and November.
  • The company has already received 3 new aircraft.
  • These include 1 Airbus A340 wide-body and 2 Boeing 737s.
  • TCS MANAGEMENT TO ET NOW
  • - Internal transformation underway to become an Al services firm
  • - Creating a dedicated Al unit to redefine service offerings
  • - Focus on being future-ready with innovation-led growth
  • - Setting up 1GW Al datacenter capacity in India
  • - Initial datacenter capacity 150 MW, with plans to scale up
  • - Employees showing strong interest in Al skill development; learning hours doubled
  • - Expanding workforce through strong talent intake
  • - Hired 18,500 employees globally this year
  • - Aiming for $5-6 B capex over the next few years
  • - Macros largely unchanged compared to Q1
  • - Project cancellations and deferments have decreased
  • - Q2 demand shows upside; all service lines improved
  • - Goal: become the largest Al-led IT solutions company
  • TCS MANAGEMENT TO ET NOW
  • Building infrastructure to accelerate employee training
  • Driving an Al-first culture, giving Al access to every employee
  • Almost all work to include an Al component
  • TCV wins include a mix of long and short duration projects
  • Gradual pickup seen in discretionary demand
  • India datacenter demand likely ~10GW, with 5-6GW supply
  • Investing in workforce remains a key focus
Panchkarma