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Informist, Wednesday, Sept. 3, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Netweb Tech jumps 11% to 7-mo high post INR 17 bln order win

 

MUMBAI--1241 IST--Netweb Technologies surged 11% to an over-seven-month high of INR 2,509 and was among the top Nifty 500 constituents. The stock rose after the company secured an order worth INR 17.34 billion to advance India's artificial intelligence capabilities and work towards the country's sovereign artificial intelligence system under the government's IndiaAI Mission. The stock traded in the green for the third straight session and has gained nearly 14% during this period. At 1237 IST, shares of the company were at INR 2,500.40, up 10.3%. 

 

The order is expected to be executed between the last quarter of 2025-26 (Apr-Mar) and the first half of FY27. Excluding the order, as of Jun. 30, the company's total order book was at INR 41.42 billion. The order will be executed through the company's "Tyrone Camarero AI platform." "Each node will feature Nvidia's latest generation 8x GPU-HGX-B200 accelerators, optimised for high-throughput, memory-intensive workloads," the company said in the press release to exchanges.

 

There were no research reports on the company available with Informist. At 1237 IST, more than 3.92 million shares of the company were traded, eight times the 546,500 shares traded till the same time Tuesday.  (Gopika Balasubramanium)

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Equity Alert: Metal cos lead mkt gains; China to cut steel capacity, output

 

MUMBAI--1202 IST--Most metal stocks rose sharply Wednesday and led the gains in the market after China said it is set to reduce its steel capacity and production. This comes amid China's 'anti-involution' campaign to curb excess capacity and price wars in energy and solar supply chains.

 

China will lower its steel capacity by 50 million tonnes in 2025 and cut production by 8.5% for the rest of the year, global brokerage firm CLSA said according to CNBC-TV18's post on X. The country decided this, although its steel production fell by 20 million tonnes over Jan-Jul. Chinese steel exports are at a record high, the brokerage said, while the Indian prices are at a discount to import parity, NDTV Profit cited CLSA.

 

The efforts undertaken to address the demand-supply mismatch in the past 18 months have capped results, the brokerage said. However, as the market tightens, CLSA expects the spreads to improve and the profitability of India Mills to increase. CLSA believes the "worst looks behind" for the metal sector, but the focus remains on capacity cuts in China, NDTV Profit reported.

 

The broking firm has tweaked the estimate for earnings before interest, tax, depreciation, and amortisation of metals and mining companies under its coverage by (-)4% to 8% over 2025-26 (Apr-Mar) to FY28. These changes in the estimate of EBITDA reflect recent price trajectory and the June quarter results. It has also adjusted the target price of these stocks by (-)3% to 6%. 

 

CLSA continues to prefer the non-ferrous metals, specifically aluminium, due to its tighter demand-supply balance. It relatively prefers Jindal Steel & Power given its strong capacity addition-driven growth outlook. CLSA favours Hindalco Industries and Vedanta within the sector, NDTV profit reported.

 

Global broking firm Morgan Stanley had Tuesday said Reliance stands to be the biggest beneficiary of China's anti-involution push across the energy and solar supply chains.  

 

The Nifty Metal was up over 2% leading the pack of sectoral indices. Tata Steel and JSW Steel rose over 2-3% and were the top gainers in the Nifty 50. Hindalco Industries was up 1.4%, being among the best performers in the 50-stock index. Jindal Steel, Steel Authority of India, and National Aluminium Co were up nearly 3-4% and were among the top gainers in the Nifty 200.  (Simran Rede)

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Equity Alert: Vikran Engg gains 5?ter listing at just 2% premium at INR 99

 

MUMBAI--1055 IST--Vikran Engineering gained 4.9% from the issue price and 2.8% from the listing price after the stock listed at INR 99 on the NSE Wednesday. The share listed at a 2% premium to the issue price of INR 97. The stock rose to an intraday high of INR 101.77, and came off highs to trade at INR 100.80 at 1053 IST. 

 

The initial public offering of the company closed on Friday and was subscribed over 23 times with the company receiving bids for 1.39 billion shares against 58.74 million shares on offer. So far, 45 million shares of the company changed hands on the NSE. 

 

Vikran Engineering is an engineering, procurement, and construction company with a diversified portfolio. For the financial year 2024-25 (Apr-Mar), it had reported a restated net profit of INR 778.19 million on a revenue of INR 9.16 billion.  (Simran Rede)

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Equity Alert: TBO Tek up 16% as arm to buy Classic Vacations for $125 mln

 

MUMBAI--1033 IST--Shares of TBO Tek rose nearly 16% to a high of INR 1,597, the highest level since Feb. 17, after the company said its step-down wholly owned subsidiary TBO LLC. will acquire US-based Classic Vacations. At 1031 IST, the stock traded 12% higher at INR 1,548.

 

TBO LLC. will acquire a 100% stake in Classic Vacations from Phoenix-based investment firm The Najafi Companies for up to $125 million, TBO Tek had said in an exchange filing Tuesday. TBO Tek also approved to extend an inter-corporate loan of up to INR 3.50 billion to Tek Travels, its wholly owned material subsidiary, which is proposed to be used to fund TBO LLC.'s proposed acquisition.

 

TBO Tek will also issue and deliver a letter of comfort and subsequently a corporate guarantee in favour of Catalyst Trusteeship to back the credit facilities of up to an aggregate limit of $70 million by Standard Chartered Bank to TBO LLC. At 1031 IST, 2.06 million shares of the company were traded on the NSE, sharply higher than the 43,618 shares traded till the same time Tuesday. (Akash Mandal)

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Equity Alert: Anlon Health slightly up after listing at just 1.1% premium

 

MUMBAI--1008 IST--Shares of Anlon Healthcare were marginally higher after listing at INR 92, a premium of 1.1% to the issue price of INR 91 per share. At 1006 IST, the stock traded at INR 91.29, up 0.3% to its issue price.

 

The stock failed to maintain gains above the listing price. Over 2.28 million shares of the company have changed hands so far on NSE. Anlon Healthcare's initial public offering was subscribed over seven times, with the company getting bids for 94.76 million shares against 13.30 million shares on offer. The issue closed on Friday.

 

Anlon Healthcare is engaged in manufacturing of advance pharmaceutical intermediates and active pharmaceutical ingredients that serve as raw material for pharmaceutical formulations in preparation of various types of finished dosages. For 2024-25 (Apr-Mar), the company had reported a net profit of INR 205.18 million on revenue of INR 1.20 billion.  (Simran Rede)

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Equity Alert: Mkt turns choppy after opening higher amid negative global cues

 

MUMBAI--0945 IST--The Indian equity market turned choppy after opening higher Wednesday amid negative global cues. Market participants await the GST Council's meeting later in the day for any signals on reducing goods and services tax. After market hours on Tuesday, US President Donald Trump clearly denied when asked if he was considering lowering tariffs imposed on India. On the other hand, Commerce and Industry Minister Piyush Goyal on Tuesday said that India and the US were in talks for a trade deal that could be finalised by November, according to media reports.

 

At 0944 IST, the Nifty 50 was at 24551.10, down 28.50 points or 0.1%, and the BSE Sensex was at 80038.44, down 119.44 points or 0.2%. India VIX, the market's fear gauge, fell after opening higher and was down 1.7% at 11.2050. All broader market indices were in the green, outperforming their benchmark peers. 

 

On the sectoral front, all metal stocks traded in the green and led the gains. The Nifty Metal was up 1.5% with all its constituents trading higher. Expectations of a 25-basis-point rate cut by the US Federal Reserve at its Sept. 16-17 meeting kept sentiment positive. Tata Steel, Hindalco, and JSW Steel were up 1.2-1.9% and were the top gainers in the Nifty 50. The Nifty IT was the worst-hit sectoral index, down 0.5%.

 

Indus Towers was down nearly 5% and was the worst performer in the Nifty 200. The company's board has approved a plan to enter the African market. TBO Tek was the top gainer in the Nifty 500, rising over 13?ter the company said its wholly-owned step-down subsidiary would acquire Classic Vacations for up to $125 million. The stock rose to INR 1,597, its highest level since Feb. 17.  (Simran Rede)

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Equity Alert: Most Asian indices fall; Australia mkt dn 1% on profit taking

 

MUMBAI--0759 IST--Most Asian indices were mixed early Wednesday, tracking an overnight fall in the US market. Uncertainty surrounding US tariffs weighed across bourses. Due to the uncertainty, bond yields rose globally, denting investor sentiment as they shifted to safer assets such as bonds and gold.

Australia's S&P/ASX 200 was down over 1%, falling for the fourth straight session. The index has lost 1.3% so far this month, as traders booked some profits following its strongest August performance since 2009. The country's GDP grew 1.8% on year in the second quarter, higher than the 1.6% forecast by Reuters and the 1.3% growth in the previous quarter. 

 

Japan's Nikkei 225 and Topix were down 0.2% and 0.4%, respectively, as automobile and financial services stocks weighed heavy. Toyota and Honda fell around 1?ch. Heavyweight SoftBank Group was down 3%. 

 

Following were the levels of key Asian indices at 0755 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4469.904	(-)0.46
Hang Seng Index	25536.85	0.16
Nikkei 225 Day	42225.37	(-)0.20
TOPIX FIRST SECTION	3069.36	(-)0.41
KOSPI	3182.33	0.31
FTSE Singapore Strait Times	4285.26	(-)0.31
S&P/ASX 200 Index	8806.90	(-)1.05

 

(Akash Mandal)

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Equity Alert: Indices seen in range amid tariff risks; GST meet in focus

 

MUMBAI--0741 IST--Benchmark indices are likely to remain in a range Wednesday with a negative bias amid concerns over India's economic growth due to tariffs by the US. However, the Goods and Services Tax Council is scheduled to meet Wednesday to discuss potential tax reductions on goods, and any positive developments from the meeting may help equities rise

 

Global cues were largely weak with the US markets, which opened after Monday's holiday on account of Labor Day, ended 0.6-0.8% lower Tuesday. Asian markets were mixed, with indices in Japan and Taiwan were a bit down while those in Hong Kong and South Korea were slightly up.

 

GIFT Nifty contacts indicated minor gains at open for the Nifty 50 index. At 0737 IST, the September futures contracts of the GIFT Nifty traded at 24637 points, marginally up from its previous close and rose 0.2% from the Nifty 50's close Tuesday. Analysts expect the Nifty 50 to find support at 24500 points, followed by 24300 points while resistance is seen at 24700 points. On Tuesday, the Nifty 50 faced selling at higher levels and closed at 24579.60 points, down 0.2%.

 

Tariffs by the US have been a major concern among market participants as they are likely to hurt India's exports and pose a risk to economic growth. India has not managed to strike a deal with the US so far and that has led to negative sentiment in the market. Earlier, analysts had expected a quick deal but that confidence is slowly dwindling as relationship between India and the US comes under stress.

 

On Tuesday, US President Donald Trump clearly said "no" when asked if he was considering taking away some of the tariffs imposed on China, Bloomberg reported. Tariffs by the US on Indian goods is currently at 50%. A trade deal with the US is unlikely to come quickly as Union Commerce Minister Piyush Goyal Tuesday said the government is hopeful of concluding a bilateral trade agreement with the US by November, which is around two months away.  (Anshul Choudhary)

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Equity Alert: US mkt ends lower Tue after US court deems most tariffs illegal

 

MUMBAI--0732 IST--Equity indices in the US closed lower Tuesday amid uncertainty over US tariffs. This was the first trading session since a US appeals court Friday ruled that most of US President Donald Trump's tariffs were illegal, but kept tariffs in place to give the Trump administration a chance to file an appeal with the Supreme Court. The Cboe Volatility index--Wall Street's fear gauge--surged nearly 7% during the session.

 

"...the question becomes, 'Has the Trump administration alienated our trading partners as well as given up the revenue from tariffs?' That's what's plaguing markets," Reuters quoted Oliver Pursche, senior vice president and adviser for Wealthspire Advisors, as saying.

 

September is historically a weak month for the US market. Since 1950, the S&P 500's average return in the month of September is -0.68%, Reuters reported, citing Carson Group's Ryan Detrick. If fact, September is the only month with an average negative return in the last 75 years. The performance during the month has also turned weaker in the recent past. In the last decade, the S&P 500's average return in September has been near -2%. With tariff-related uncertainty and economic growth concerns also weighing, traders are bracing for another weak September this time round. 

 

Among specific stocks, Kraft Heinz fell 7?ter the company said it would split into two companies, one focused on groceries and the other on sauces and spreads. PepsiCo gained 1?ter Elliott Management bought stake worth $4 billion in the company. Shares of technology heavyweight Alphabet surged 8% in extended trading after a US court ruled against the most severe consequences such as a sale of the Chrome browser in the US Justice Department's antitrust case against the company. 

 

Following are the closing levels of US indices Tuesday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	45295.81	(-)0.55
NASDAQ Composite	21279.63	(-)0.82
S&P 500	6415.54	(-)0.69

 

(Akash Mandal)

 

US$1 = INR 88.16

 

End

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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