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September 22, 2025
- Daily Morning Report Date: 22.09.2025
- NIFTY OUTLOOK: 25327.05 FII 390.74 cr DII 2105.22 cr
- As discussed in the 15th Sept report, market behaviour remained on expected lines last week, with buyers successfully taking out 25240 and pushing Nifty to 25448. It closed near our level of 25365 at 25327.05.
- A bullish candle on the weekly chart has formed three consecutive bullish candles, suggesting the near-term uptrend is intact. If Nifty decisively crosses 25448.95, it may rally further to 25571–25693, and if demand strengthens, it could test 25815.
- However, daily RSI turning down from the overbought zone indicates selling pressure and a signal for profit booking. If profit booking persists, support is seen at 25205–25115/25083. Failure to hold these may drag Nifty to 24961–24840.
- Bank Nifty OUTLOOK:
- SPOT: 55458.85 Pcr: 1.10 Max CE OI: 57000 Max PE OI: 54000
- On 19th Sept 2025, Bank Nifty closed at 55458.85, down 268.60 points (-0.48%). The index moved 333.40 points during the session, making a high of 55688.75 and a low of 55355.30.
- Technical View:
- Key support and resistance levels are 55000 and 56200 respectively.
- Intraday support and resistance are 55367.15 and 55550.55.
- Intraday Strategy
- Go long above 55550 with SL 55519 and target 55642.
- Go short below 55367 with SL 55397 and target 55275.45.
- RSI stands at 57.60; below 30 is oversold and above 70 overbought.
- Bank nifty Day SMA Analysis
- Bank nifty is trading above 6 out of 8 SMA’s (5, 10, 20, 30, 150, 200 Day).
- Bank nifty is trading below 2 out of 8 SMA’s. (50, 100 Day)
- No candlestick Pattern was identified in bank nifty.
- Macros .
- 1. Dollar index @ 97.27.
- 2. S&P 500 Vix .
- 3. Crude @ 66.68.
- 4. U.S. 10 year’s bond yield @ 4.139
- Note: The US has indirectly imposed two new tariffs on India. H-1B visa fees were raised to $100,000, making sponsorship by Indian IT companies difficult except in critical cases. This will impact the Indian IT sector. Additionally, the US lifted its waiver on Iran’s Chabahar Port, which India operates under a 10-year agreement with a $500 million investment, providing access to Afghanistan and Eastern Asia. This move complicates trade with these regions.
- Another geopolitical development is the Saudi-Pakistan defense pact, similar to NATO, which adds indirect pressure on India. The US appears to be tightening its stance before trade deal talks, aiming to push India to stop buying Russian oil.
- PM addressed the nation today, announcing GST rollout and its positive impact on economic growth. Meanwhile, commodities remain in focus—after brief profit booking, bullion is expected to cross all-time highs in the next 2–3 days, crude is trading sideways, and possible new US sanctions on Russia may drive gasoline prices higher.
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- Contributed by
- Ashok bhandari : INH000019549
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- The Next 9 Days are Going To Be Extremely Hectic
- 9 Days, 15 Mainboard IPOs,
- 15 Different Sectors, 20 SMEs and Counting...
- The List of All The Mainboards
- ▪︎ Ivalue Infosolutions
- ▪︎ GK Energy
- ▪︎ Saatvik Green Energy
- ▪︎ Atlanta Electricals
- ▪︎ Ganesh Consumer Products
- ▪︎ Anand Rathi Shares and Stock Brokers
- ▪︎ Seshaasai Technologies
- ▪︎ Jaro Institute of Technology Management and Research
- ▪︎ Solarworld Energy Solutions
- ▪︎ Epack Prefab Technologies
- ▪︎ Jain Resource Recycling
- ▪︎ BMW Ventures
- ▪︎ TruAlt Bioenergy
- ▪︎ Jinkushal Industries
- ▪︎ Pace Digitek
- And one more likely to join...
- List Of SME IPOs
- ▪︎ JD Cables
- ▪︎ Siddhi Cotspin
- ▪︎ Solvex Edibles
- ▪︎ Prime Cable Industries
- ▪︎ Ecoline Exim
- ▪︎ NSB BPO Solutions
- ▪︎ Matrix Geo Solutions
- ▪︎ True Colors
- ▪︎ Aptus Pharma
- ▪︎ BharatRohan Airborne Innovations
- ▪︎ Praruh Technologies
- ▪︎ Gurunanak Agriculture
- ▪︎ Riddhi Display Equipments
- ▪︎ Justo Realfintech
- ▪︎ Systematic Industries
- ▪︎ Chatterbox Technologies
- ▪︎ Bhavik Enterprises
- ▪︎ Telge Projects
- ▪︎ DSM Fresh Foods (Zappfresh)
- ▪︎ Infinity Infoway
- Q-comm run presses on as more jump on bandwagon - The Economic Times https://share.google/LMwULiUcaKboDpNCL
- Adani Power emerges as India's largest private thermal power producer, set to triple earnings by 2033: Morgan Stanley - The Economic Times https://share.google/eLylvk9EUs0Za1BNc
- CARTRADE TECH
- Management says 25%+ surge in CarTrade consumer traffic post GST cut announcement- ETNOW
- PNC Infratech – Bags ₹495 Cr Bihar Road & Bridge Project from BSRDC
- • Order Win: Received Letter of Acceptance (LoA) from Bihar State Road Development Corporation (BSRDC).
- • Project Scope: Construction of High-Level Bridge & Approach Road on Hathouri–Attrar–Bavanagma–Aurai Road (Length 31.20 km).
- • Project Value: ₹495.54 crore; execution on EPC mode.
- • Execution Timeline: To be completed in 1095 days (3 years).
- • Growth Visibility: Strengthens order book & reinforces presence in road infrastructure sector.
- Overall: Positive – Large EPC project boosts revenue visibility and order book strength.
- GR Infraprojects – Expands MoA to Enter New Infra & Power Segments
- • AGM Approval: Shareholders approved amendments in Memorandum of Association (MoA).
- • Expanded Scope: Now includes flyovers, airport runways, ropeways, tramways, highways, docks, bridges, canals, reservoirs, and other large infrastructure works.
- • Power Sector Entry: Permission to engage in power generation projects (SPP/IPP), hybrid renewable, and green power infrastructure.
- • Diversification: Added scope for manufacturing and trading of electric panels, cabinets, and infra-related equipment.
- • Growth Opportunity: Strategic move to capture emerging infrastructure and renewable energy opportunities.
- RAJESH EXPORTS Q1 : CON NET LOSS AT 9.5 CR V PROFIT 11.8 CR (YOY), PROFIT AT 1.9 CR (QOQ)
- REVENUE UP 118 % AT 131541 CR (YOY) , DOWN 34 % (QOQ)
- EBITDA DOWN 13 % AT 42.09 CR (YOY), LOSS AT 13.54 CR (QOQ)
- MARGINS AT 0.032 % V 0.062 % (YOY), -0.006 % (QOQ)
- Saudi Arabia and Pakistan on Wednesday signed a "strategic mutual defence" agreement under which an attack on either country will be considered as "an aggression against both
- Radhakishan Damani Name appears in top 200 shareholders of Zomato
- Decarbonisation: An Emerging Megatrend (Chartbook Sep 2025)
- As India charts out its growth journey, a new mega theme is emerging - "Decarbonisation". The mandate to reduce Carbon emissions has now shifted into boardroom discussions and investment plans, transitioning from just policy think tanks.
- India’s carbon market is set to explode, with estimates of over 40% CAGR growth in Carbon credits market till 2030, unlocking a multi-billion-dollar opportunity for investors and industries.
- Our latest Chartbook on Decarbonisation in India dives deep into this transition:
- 1. An investment tsunami: Green investments across power, oil & gas, and transport are set to jump 5x by FY25-30, creating greenfield projects and new proxy technologies.
- 2. A New Asset Class: The formalization of India’s Carbon Credit Trading Scheme (CCTS), expected to be operational by 2026.
- 3. High-Growth Sectors: The adoption of renewables (16% emission reduction potential), circular economy models (12%), and Carbon Capture technologies (11%) are leading the decarbonisation charge.
- 4. Race to "Net Zero" Emissions: Industry giants like Reliance (2035), Tata Power (2045), and Indian Oil (2046) are setting ambitious net-zero targets, driving demand for scalable green solutions.
- The green transition is no longer optional — it's a primary engine of future growth. More insights here:
- https://www.linkedin.com/feed/update/urn:li:ugcPost:7374768141798817792/?actorCompanyId=101952158
- @beatthestreet10
- FORCE MOTORS : LARGE TRADE NSE
- BNP PARIBAS FINANCIAL MARKETS SOLD 0.65 LKH SHARES ( 0.49 % STAKES) @ ₹ 18581.10 /SHARE
- President Trump officially signs executive order to impose $100,000 annual fee on H-1B visas.
- This will stop Big Tech companies from bringing in foreign workers who will take our jobs,” says Commerce Secretary Howard Lutnick in a move that will hit Indian tech workers in USA
- TIGHTER H-1B VISA RULES THREATEN DISRUPTION TO INDIA’S TECH TALENT PIPELINE
- @beatthestreet10
- TRUMP ANNOUNCES SEPT 25 WHITE HOUSE MEETING WITH TURKISH PRESIDENT ERDOĞAN TO DISCUSS TRADE, BOEING AIRCRAFT PURCHASE, MAJOR F-16 DEAL & F-35 TALKS
- DEE DEVELOPMENT:
- CO FILES APPEAL IN PUNJAB & HARYANA HIGH COURT AGAINST TARIFF CUT, PSPCL RETROSPECTIVE RECOVERY DEMANDS
- SUMMARY OF H-1B EXECUTIVE ORDER
- - ENTRY BAN: No H-1B visa holder may enter the United States beginning Sunday September 21st, including current visa holders, unles they pay $100K to enter.
- - VISA FEE: New H-1B and H-1B extensions must pay 100K to be processed and 100K per year every year thereafter to maintain them.
- This will effectively end the H-1B program completely. No one, even the highest paid at 500K will be paying an extra 100K a year to the government.
- It will destroy the health care, higher education, and technology sectors as we know them if this isn't struck down in court.
- Note the $100K fee per year may come with a regulation, not immediately, what is immediate is the travel ban on Sunday for 1 year subject to renewal unless the employer/immigrant pays $100K to enter.
- Also the suspension of processing new H-1Bs by DHS.
- New H1B rules announced by President Trump shall be effective from 12:01 a.m. eastern daylight time on September 21, 2025
- Companies would have to pay $100,000 per year for H1B employment visas
- WHITE HOUSE SAYS
- The H-1B program is creating disincentives for future American workers to choose STEM careers, which threatens our national security.
- President Trump is imposing higher costs on companies seeking to use the H-1B program in order to address the abuse of the program, stop the undercutting of wages, and protect our national security.
- Bengaluru realty prices may again go up and even sustain the premium
- -Housing demands may jump again
- -Talent density-one of best in India
- -Large tech IPOs-giving liquidation events
- -GCC centres boom also aiding the ne IT wave
- -Now stricter H1-B visas-smart tech minds-talent stays in India and some comes back
- -Great time to build, create value and demand for first time home buyers become big
- Alert-Only stress is crumbling infra in certain sectors-Personally feel Hyderabad can take the mantle and even distant coursing Pune/Nagpur/Indore can also come in Picture.
- The IT culture may actually spread out more now-places like Nagpur, Nashik, Mysore, Jaipur, Kolkata , Kochi, Indore will see the next wave of upmove.
- Mass talent in GCC
- Startup’s bustling
- Product/Tech companies having big setups in these cities
- TAM for Investment & Wealth Management market at ~₹1.1 Trn
- Growth outlook projected CAGR 15-17% → ₹2.2-2.6 Trn by FY30
- Growth drivers – rising wealth in high/upper-middle income groups, retail investor awareness, better market accessibility, higher adoption of professional advisory
- ARPU FY25 : ₹15,900-17,200 (excl. credit distribution)
- ARPU FY30 : projected to rise to ₹18,600-20,200
- ARPU growth drivers : multi-product adoption, bundling & cross selling, premium offerings, higher trading & investing activity
- Reliance is bringing its Jio-style disruption to bottled water—launching Campa at ₹15 for a 1L bottle, undercutting Bisleri and Kinley’s standard ₹20 tag.
- With a ₹20,000 crore bottled water market that’s fragmented and heavily brand-led, this price war could force a shakeout. Smaller regional players are likely to be the first casualties, while bigger rivals may be pushed to slash rates, just as Coca-Cola once did.
- In the short run, it’s a margin squeeze for everyone. In the long run, a saturated, overcrowded market will likely consolidate—where Reliance’s distribution muscle, more than heavy advertising, could decide the winners.
- The new US Executive Order raises the H-1B visa sponsorship fee to $100,000 per applicant per year.
- This marks a drastic shift in US immigration policy.
- The intent, as stated by the US Commerce Secretary, is to discourage foreign workers, especially by Big Tech & large corporations.
- 1. Opportunity for GCC (Global Capability Centers) in India
- US Big Tech companies & corporations, instead of paying $100,000 per worker, may accelerate the pace of setting up GCCs in India.
- India already hosts over 1,600 GCCs employing 1.7M+ people & this move could double down on that trend.
- This means more high value engineering & R&D jobs created in India, especially in Bangalore, Hyderabad, Pune, NCR.
- 2. Outsourcing Gets a Fresh Push
- For less critical or cost sensitive projects, companies are likely to outsource to Indian IT service providers (Infosys, TCS, Wipro, HCL, Tech Mahindra, etc.).
- Indian IT companies could see a surge in demand for their offshore delivery models, reversing the slow shift back to onshore hiring.
- 3. Talent Repatriation – Brain Gain for India
- Many Indian tech professionals in the US may no longer find H-1B visas viable.
- This could result in return migration of skilled talent.
- Startups in the US may suffer, since they do not have the deep pockets to spend $100,000 per H-1B employee.
- This could stifle innovation & access to global talent, making it harder for small companies to compete.
- Indian students may instead look at Canada, UK, or Australia as study destinations.
- If played right, this could be a geopolitical and economic opportunity.
- Short term pain : Uncertainty for Indian professionals in the US, slowdown in student migration, possible layoffs for those unable to afford sponsorship.
- The $100,000 H-1B fee may look like a roadblock, but it could be a turning point for India’s IT sector. While the US tries to reduce dependency on foreign talent, the reality is that its tech industry cannot thrive without it.
- For India, this is a chance to capture global value through outsourcing, GCCs & a “reverse brain drain” of talent.
- Siemens received a show cause notice from Central GST & Excise for potential non-levy of ₹34.83 crore GST on leasehold interest transfer.
- Likhami Consulting board to meet on Sep 30, 2025, to consider resignations of MD & CEO, two directors, and new appointments.
- Jost’s Engineering – Rights Issue Update
- • Successfully completed rights issue with allotment of 18.47 lakh equity shares
- • Achieved 135.69% oversubscription
- • Raised ₹49.89 crores at ₹270 per share
- ZYDUS WELLNESS:
- CO COMPLETES VOLUNTARY LIQUIDATION OF SUBSIDIARY NATURELL (INDIA) PVT. LTD., CONSOLIDATES BUSINESS OPERATIONS EFFECTIVE SEPTEMBER 20
- Fusion Finance Ltd – MFI Grading Update
- • Grading Assigned: MFI 1 (MFI One)
- • Agency: CARE Edge Analytics & Advisory (subsidiary of CARE Ratings Ltd)
- • Basis: Assessment of operational & financial capability to undertake and sustain targeted operations
- • Validity: Until Sept 16, 2026
- • Notes:
- – One-time assessment, no surveillance
- – Intended for institutional investors/lenders only
- – Not for public fundraising
- Rajshree Polypack Limited
- Rajshree Polypack Limited secures new orders/contracts, supplying Plastic Rigid Sheets to an existing domestic customer.
- The order is valued at approximately INR 1.62 Crores and is to be fulfilled by October 2025.
- @beatthestreet10
- APEX ECOTECH LIMITED – LOI AWARD
- Apex Ecotech bags LOI from Reliance Consumer Products for establishing Water Treatment Plants (WTPs) valued between ₹100–125 Cr.
- • ~70% of the order to be executed in FY25-26
- • Remaining balance scheduled for FY26-27
- PM MODI SAYS
- People Across All Sectors Will Benefit From The GST Bachat Utsav
- These Reforms Will Accelerate India's Growth Story
- GST 2.0 Will Make Doing Business Easier
- GST 2.0 Is Coming Into Effect, Keeping The Present And Future In Mind
- MODI ADDRESSES THE NATION
- #GSTREFORMS
- Next Generation GST reforms unveiled from tomorrow
- GST Utsav to start from tomorrow
- GST reforms to make affordable purchases easier for people
- Middle-class, youth to benefit from GST reforms starting from September 22
- GST reforms to accelerate economic growth story, boost investments
- Indians were trapped in a mesh of tax rules in the past
- GST changes to make business easier
- It was imperative to remove the nation from a complex web of taxes
- This is the biggest phase of tax reform since independence
- PM MODI ADDRESSES THE NATION
- #GSTREFORMS
- GST 2.0 will have only 5% & 18% tax structure
- 99% of the products and services in the 5% GST slab
- New middle classes, financially needy people received a 'double bonanza'
- GST 2.0 will make travel more affordable
- Income Tax, GST cuts will boost household incomes
- Daily essentials, medicines, insurance set to become cheaper under India GST tax reform
- If we combine the income tax and GST relaxations, people will save 2.5 lakh crore
- We should focus on indigenous production
- We have to pivot towards being 'Aatmanirbhar'
- Amber Enterprises subsidiary, ILJIN, completed the acquisition of 100% equity in ILJIN Holding Ltd, an Israel-based entity, on September 21, 2025.
- TATA MOTORS HAS ROLLED OUT FESTIVE SEASON OFFER
- Tata Motors has rolled out festive season offer
- Tata Motors to give discount over and above GST cut till 30th September
- Total benefits upto Rs 1.98 lakh
- HAL
- HAL Chief Says GoI Mandates 80% ToT in F414 Engine Deal, Negotiations Progressing - IDRW
- IDEAFORGE TECH
- Indian Army Accelerates Drone Procurement:
- 1,000 Surveillance and Kamikaze Units Post-2025 India-Pakistan Conflict Revelations - IDRW
- Chatterbox Technologies Limited New SME IPO
- IPO Date: 25 September - 29 September 2025
- Total Issue - 37,27,200 Equity Shares
- Price Band - ₹110 - ₹115 Per Share
- FV: 10
- BRLM: Expert Global Consultants Private Limited
- Chatterbox Technologies Limited provides digital and influencer marketing services and social media management services through two segments, Chtrbox and Chtrsocial.
- GROWW FOUNDERS RECEIVE RS 614 CRORE IN PERFORMANCE INCENTIVES AHEAD OF IPO
- *PM MODI*
- FORMALLY ANNOUNCES NEXT-GEN GST REFORMS TO BE IMPLEMENTED FROM TOMORROW.
- SAYS THESE GST REFORMS WILL GREATLY BENEFIT SMALL-SCALE INDUSTRIES, NEW MIDDLE CLASS FAMILIES, INDUSTRIES AND INVESTMENTS.
- URGES CITIZENS TO BUY ONLY MADE-IN-INDIA PRODUCTS.
- INDIAN NAVY TO ISSUE RS 80,000 CRORE TENDER FOR FOUR AMPHIBIOUS WARSHIPS; L&T, MDL, CSL EMERGE AS MAIN CONTENDERS
- Foseco India EGM approved acquiring 75% stake in Morganite Crucible (India) for ₹653.94 crores by issuing 11.5 lakh equity shares; also increased authorized capital to ₹90 crores.
- MAZAGON DOCK, COCHIN SHIPYARD , L&T ; Indian Navy's Rs 80,000 crore tender for four amphibious warships to be issued soon; L&T, MDL, CSL to be main contenders : Reports
- Copied from stockaajorkal telegram channel
- A gap-down is possible tomorrow, but a recovery is also likely in the second half.
- Persistent Systems : Co Sees No Major Impact from US H-1B Visa Restrictions
- Coforge ; Co Minimizes Reliance on H-1B, Ensures Limited Impact from US Visa Fee Hike
- Cyient; Co Says H-1B Visa Fee Hike Will Have No Material Impact
- Firstsource : Co Says H-1B Visa Fee Hike Will Have No Impact on Operations
- Hindustan Copper bets on rising copper demand; targets three-fold jump in domestic capacity in six years - The Hindu BusinessLine https://share.google/mfCMno3TzqQprZ3Gl
- India Mulls Strategic Rare Earth Reserve, Defense Official Says
- https://share.google/wXa4kuulP1tRYsimg
- Coming up in Dholera, country homes for fab expats - The Economic Times https://share.google/Es0b0pYJaGEY6vSPA
- MS on AB Capital
- Target Price ₹330
- Recommendation Overweight
- Reiterated 2x FY25 NBFC AUM target in 3 years
- Given current macro environment it guides for stable 22-23% YoY AUM growth in FY26
- Expects NBFC NIM to expand in 1-2 quarters as share of unsecured personal loans increases
- @beatthestreet10
- ICICI Sec on IT sector
- $100,000 levy on onsite employees on H-1B visas would imply 100 bps average headwind on margins
- See 6% average impact on EPS, considering IT companies continue to employ new people on H-1B visas
- If companies pivot towards hiring local US talent, the impact on margins is likely to remain negligible
- IT companies would further reduce dependence on the H-1B visa and increase localisation
- @beatthestreet10
- Citi on IT sector
- If H1B visa rules are implemented as is, see multiple potential impacts
- Cost of doing business in the US goes up - part of this will be passed on to clients
- Higher nearshoring & offshoring (including GCCs) is a very likely outcome, medium term
- Indian IT margins will get impacted
- Indian IT competitiveness in a global context doesn't change
- @beatthestreet10
- Emkay on IT sector
- Companies will have time to prepare by increasing local hiring, using L1 visas, limiting the use of H-1B visas, building cost escalation in contracts, shifting work offshore, etc,
- Thereby limiting the overall impact
- Believe such an impact is unlikely to be disruptive for IT companies
- There may be a near-term overhang on stock prices as investors are likely to price-in the increased risks of protectionist measures
- @beatthestreet10
- MS on Knowledge Realty Trust
- Target Price ₹122
- Recommendation Overweight
- Offers a defensive profile with steadily rising cash flows and acquisition upside potential
- Strong GCC-led office demand and scale, with the highest tax-free yield among listed India REITs
- Offers a stable yield backed by contracted long-term cash flows with escalations
- @beatthestreet10
- JPMorgan on NBFC
- Shriram Finance - Assume Overweight; Hike TP to Rs 740 from Rs 730
- M&M Finance - Assume Overweight; Hike TP to Rs 335 from Rs 300
- Bajaj Finance - Assume Neutral; Hike TP to Rs 1070 from Rs 970
- Chola Finance - Assume Neutral; Hike TP to Rs 1620 from Rs 1600
- SBI Cards - Assume Underweight; Hike TP to Rs 830 from Rs 800
- L&T Finance - Upgrade to Neutral from Underweight; Hike TP to Rs 260 from Rs 140
- DEE DEVELOPMENT:
- CO UNIT MPPL GETS 10-YEAR PPA EXTENSION, TARIFF TO BE DETERMINED BY PUNJAB STATE POWER CORPORATION LTD (PSERC)
- NBCC:
- CO SECURES WORK ORDERS WORTH RUPEES 117 CR FROM HUDCO ACROSS MULTIPLE PROJECTS
- PRISM JOHNSON:
- CO DECLARED PREFERRED BIDDER FOR PIPARHAT KUBRI LIMESTONE MINING LEASE IN MADHYA PRADESH
- NOMURA ON INDIAN IT SERVICES
- Companies have indicated that their US workforce is ~20-40% visa-dependent
- New visa applications were ~17% of the total applications for the companies
- Assume new visa applications would continue at the same pace as in FY25 with a one-time impact of USD100k fees at the time of filing.
- This could hit EBIT margin for some companies in Nomura coverage universe by 11-99bp and EPS by ~0.5-6% assuming they do not make any changes to their operating mode
- We believe the number of H1B visas are going to come down materially in the next cycle (FY27F)
- Over the medium-to-long term, we believe the operating models of the Indian IT services companies will continue to lower their dependence on H1B visas
- Top Picks :
- Infosys target price ₹1880 (Maintain Buy)
- Coforge target price ₹ 2100 (Maintain Buy)
- First Source target price ₹ 410 (Maintain Buy)
- MS On IT Sector
- Prima facie, new developments around H-1B visas appear negative
- However we see a minimal near-term impact
- Medium-term impact could be a higher cost structure in order to de-risk the business model
- Do see potential mitigants that could alleviate the overall impact
- Expect current regulations could push for higher offshoring of roles
- It will allow room for building this into potential pricing of new contracts over time
- Least impacted names are ER&D while most impacted are mid cap IT names
- BofA On IT Sector
- On a gross and pre-mitigations basis, estimate the cumulative impact to annual profit as ranging from 7%-18%
- On an annual basis, the impact will get distributed over 3years i.e. an annual EPS impact of 2-6% for each of next 3years
- Expect immediate stock reactions to be closer to the annual EPS impact
- Do not see any ongoing revenue impact for companies or shift in market shares
- Majority of the US workforce is already local and talent models of global peers is largely comparable
- 12months+ to plan mitigations of off & near shoring that can potentially nullify the impact over 3-5 years
- Indirect risks to watch: US tech wage inflation, escalations
- Infosys – Maintain Buy; Cut TP to Rs 1780 from Rs 1840
- Wipro – Maintain Underperform; Cut TP to Rs 218 from Rs
- FORMER CEO OF ZENSAR TECH says There Is No Real Massive H-1B Activity Right Now - CNBCTV 18
- There Will Be Dampening Effect On The Application For H-1B Visas
- Small Companies Who Rely On Sending Employees Onshore Will Be Impacted
- Trend Shifting Toward Work Being Done By Americans Onsite
- Projects Needing Customer Proximity May Face Delays Or Cancellations In Near Term
- SUVEN PHARMACEUTICALS: Promoter Jusmiral Holdings sold 3.41 Cr shares on Sept 18, cutting stake to 24.15% from 33.08%; proceeds to be used for debt repayment.
- PNG JEWELLERS: LAUNCHES 6 NEW STORES AND 4 SHOP-IN-SHOPS THIS NAVRATRI 2025
- Company opened standalone showrooms in Mumbai, Pune, Kolhapur, Lucknow and Kanpur.
- It also launched LiteStyle shop-in-shops in Solapur, Nashik, Chhatrapati Sambhajinagar and Nagpur.
- New stores are offering up to 50 percent off on gold jewellery making charges and up to 100 percent off on diamond jewellery making charges.
- LiteStyle counters are aimed at attracting younger customers.
- NIFTY TO OPEN 90 PTS GAP DOWN
- MID CAP IT CO.S CLARIFIES THAT THEY DONT EXPECT MUCH IMPACT FROM NEW H1B VISA RULE
- FALL IN IT STOCKS AFTER U.S INCREASED H1B VISA
- JPMORGAN Says There is significant uncertainty on whether H-1B Visa restrictions impacts student visas - CNBCTV 18
- Yet to see the broader impact of a lot of these US programmes
- US govt is likely to move cautiously in broadening services strategies
- India is setting the stage for a potential out-performance going forward
- Sarveshwar Foods : Co. Wins ₹32.9 Cr Export Order from Singapore’s Monarda Commodities
- Large Export Win: Order worth ₹329 million (~₹32.9 Cr) secured via subsidiary Green Point Pte. Ltd, Singapore.
- Global Presence Strengthened: Reinforces company’s reputation as a trusted FMCG & organic food exporter.
- Quality Certifications: Backed by ISO 22000:2018, USFDA, BRC, Kosher, and USDA Organic standards, boosting global credibility.
- Growth Momentum: Follows recent international contracts and an oversubscribed ₹149.95 Cr Rights Issue, showing strong expansion.
- Sectoral Demand: Rising global appetite for authentic Indian food & organic products supports long-term opportunity.
- NASSCOM ON H-1B VISA CLARIFICATION
- Clarification On H-1B Fee Eases Immediate Concerns For Indian Tech Professionals
- Given This Trajectory, We Anticipate Only A Marginal Impact For The Sector
- H-1B Workers For Top 10 Indian & India-centric Cos Are <1% Of Entire Employee Base
- Will Help Address The Immediate Ambiguity Surrounding Eligibility & Timelines
- Fee Being Applicable From 2026 Onward, Gives Cos Time To Step Up Skilling Programme In US
- ONGC : ONGC says, govt issues direction in respect of block CB-OS/2
- --Oil Min doesn’t except contractors’ plea for extension of production sharing contract, contractor parties are Vedanta, ONGC & Tata petrodyne
- --Lakhsmi & Gauri fields producing 3,400 BBPD & 340000 scmd of gas
- --Co is asked to take control of all data, assets, ops as govt nominee