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Informist, Tuesday, Sept. 9, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Amanta Healthcare lists at INR 135, premium of 7% to IPO price

 

MUMBAI--1048 IST--Shares of Amanta Healthcare listed at INR 135 on the NSE, a premium of 7% to its issue price of INR 126. At 1045 IST, the stock was at INR 137.50, up 9.1% from the issue price and nearly 2% higher than the listing price. Over 3 million shares of the company have changed hands on the NSE so far.

 

The company's initial public offering ended Wednesday and was subscribed nearly 83 times, recieving bids for 578.28 million shares against 7 million shares on offer. The portion reserved for non-institutional investors was subscribed 209 times, with bids for 314.14 million shares against 1.50 million shares on offer. Retail investors placed bids for 192.42 million shares, 55 times the 3.5 million shares reserved for the category. The portion reserved for qualified institutional buyers was subscribed 36 times, with bids placed for 71.72 million shares against the 2 million shares on offer.

 

Amanta Healthcare is a pharmaceutical company that develops, manufactures, and markets a diverse range of sterile liquid and parenteral products. For 2024-25 (Apr-Mar), the company had reported a net profit of INR 105.00 million on revenue of INR 2.75 billion.  (Akash Mandal)

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Equity Alert: Indices open higher; IT cos lead gains, Infosys rises 4%

 

MUMBAI--0938 IST--Benchmark equity indices started the session higher with information technology stocks leading the gains. These stocks had fallen over the past week over concern that the US may impose tariffs on the Indian IT sector. Automobile stocks also continued their momentum after the recent GST cuts. Eicher Motors and Maruti Suzuki India were up around 1?ch.

 

At 0935 IST, the Nifty 50 was at 24836.25 points, up 63.10 points or 0.3%. The BSE Sensex was at 81027.32 points, up 240.02 points or 0.3%. Infosys was up nearly 4?ter the company said its board will meet on Thursday to consider a proposal for share buy back. Wipro, Tech Mahindra, and HCL Technologies were up 1-3%. Other heavyweights such as HDFC Bank, Larsen & Toubro, and Bharti Airtel were also in the green.

 

Sectoral indices turned mixed after most of them opened the session higher, Nifty IT was up 2% and was by far the biggest gainer. Nifty Pharma and Nifty Financial Services were the other top gainers. Broader market indices turned red after a strong start.

 

Shares of Aditya Birla Fashion and Retail rose nearly 2?ter NDTV Profit reported that Mostan Stanley has upgraded its rating on the stock to 'overweight' from 'equal-weight' with a target price of INR 131. Railtel Corp. of India was up 6% and was the top gainer in the Nifty 500 after it got a INR 597.70 million from Bihar Education Project Council.  (Akash Mandal)

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Equity Alert: Morgan Stanley raises target prices of auto cos on GST cut

 

 

MUMBAI--0844 IST--Global brokerage Morgan Stanley has raised the target prices and upgraded the ratings of several automobile stocks, according to a report by CNBC-TV18. The brokerage expects lower GST rates, lower interest rates, and implementation of the Eighth Pay Commission recommendations to support demand for automobiles

 

It argued that GST cuts would trigger price cuts of a scale customers have not seen before. Several automobile makers, including Mahindra & Mahindra, Tata Motors, and TVS Motor Co, have already announced price cuts.

 

Morgan Stanley upgraded the ratings of Eicher Motors and Hero MotoCorp to "equalweight" and raised target prices by 58-76% to INR 7,201 and INR 5,968, respectively. The brokerage kept an equalweight rating as margin upside is expected to be limited and valuations were full.

 

It maintained "overweight" ratings for Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra, and TVS Motor, while raising target prices for these stocks by 18-37% to INR 18,360, INR 3,066, INR 4,321, and INR 3,933.

 

However, the brokerage downgraded Bajaj Auto to "underweight" from "equalweight". It also reduced the stock's target price by 11% to INR 8,075. (Anshul Choudhary)

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Equity Alert: Indices may open slightly higher on positive global cues

 

MUMBAI--0759 IST--Benchmark indices may open slightly higher amid positive cues from global markets. However, analysts are not expecting any sharp gains in the Nifty 50 index until demand improves in the economy and earnings growth of corporates recover from the single-digit growth seen in last few quarters.

 

The Nifty 50 crossed its immediate resistance of 24800 points intraday on each of the previous three sessions, but failed to close above this level on those occasions. Monday, the Nifty 50 touched an intraday high near 24900 points but faced selling pressure at higher levels and ended the session at 24773.15 points.

 

The GIFT Nifty contracts indicate the Nifty 50 may again open higher Tuesday, extending the gains in the index over the previous four sessions. The Nifty 50 has risen 0.8% in four sessions. At 0754 IST, the GIFT Nifty September contracts traded at 24935.50 points, down 0.1% from its previous close but up 0.7% from Nifty 50's close on Monday. 

 

Indices in the US closed slightly higher with the Nasdaq Composite ending at its highest closing level. US indices were up 0.2-0.5% Monday. Expectations of lower interest rates due to weak labour market has pushed US indices to record highs in the past several sessions. The CME FedWatch tool showed a nearly 90% probability of a 25-basis-point rate cut by the US Federal Reserve in its meeting next week. Some market participants even expect a sharper cut with over a 10% probability of a 50-basis-point rate cut.

 

Asian markets were mostly higher with indices in Hong Kong, Japan, South Korea, and Taiwan gaining in early trade. Japan's Nikkei 225 Day gained for the second straight session after Shigeru Ishiba's resigned from the prime minister's post. Market Participant in Japan expect the next leader from the ruling Liberal Democratic Party to announce fiscal stimulus to boost economy. The Nikkei index was up 0.3% Tuesday and it has gained 1.7% so far this week since Ishiba resigned.  

 

Indices in India are unlikely to see major gains Tuesday despite several measures by the government to boost consumption such as lower Goods and Services Tax and tax benefits announced in the Budget, analysts said. These announcement may aid shares of consumption-driven companies but a significant rise in benchmark indices still hinges on better earnings growth, analysts said.  (Anshul Choudhary)

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Equity Alert: Asia indices mixed; Japan mkt extends gains, Nikkei over 44000

 

MUMBAI--0743 IST--Asian indices were mixed in early trade Tuesday after strong recent gains in most indices in the region. The Japanese market extended gains for the fourth straight session on excitement surrounding the country's probable new prime minister. 

 

Japan's Nikkei 225 broke above the 44000 level for the first time ever fuelled by optimism over trade and expectations of increased government spending, Business Today reported. The optimism is following the resignation of Prime Minister Shigeru Ishiba, who was known for his hawkish stance, the report said. His departure has boosted prospects for stimulus under Liberal Democratic Party contender Sanae Takaichi, a supporter of government spending and monetary easing.

 

Hong Kong's Hang Seng was up 1.1% and was the biggest gainer among regional indices. Dahon Technology (Shenzhen) Co., which is China's biggest maker of folding bicycles, surged over 36% from its IPO price on its debut on the Hong Kong market, Bloomberg reported.

 

The Australian market was lower in early trade, weighed down by a fall in banking, energy, and mining stocks. The energy sector posted its weakest showing since July as softer oil prices hurt outlooks, Finimize reported. Major banks such as ANZ, which have a very high weightage on the Australian market, were also in the red. 

 

Following were the levels of key Asian indices at 0734 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4465.5932	(-)0.04
Hang Seng Index	25911.12	1.08
Nikkei 225 Day	43818.56	0.40
TOPIX FIRST SECTION	3141.80	0.11
KOSPI	3239.54	0.62
FTSE Singapore Strait Times	4300.34	(-)0.19
S&P/ASX 200 Index	8794.30	(-)0.62

 

(Akash Mandal)

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Equity Alert: Rate cut hope lifts Nasdaq to new high; minimum 25 bps cut seen

 

 

MUMBAI--0721 IST--Stock indices in the US ended slightly higher Monday with the Nasdaq Composite notching a fresh high. Increased hopes of a rate cut by the US Federal Reserve later in the month following weak non-farm payrolls data aided sentiment. There is an 89% chance of a 25-basis-point cut in the meeting this month, while there is an 11% chance of a 50 bps cut, according to the CME Fedwatch tool.

 

"The focus is on next Wednesday's Fed rate cut; the market is greedy...its already discounted 25 basis points. Now, if people are buying because they expect 50 bps, well, that's not going to happen," Reuters quoted Jake Dollarhide, chief executive officer of Longbow Asset Management, as saying. 

 

Broadcom extended its rally, gaining over 3% during the session. The chipmaker had Thursday said it expects sharp growth in its artificial intelligence-related verticals. Its market capitalisation has reached $1.6 trillion and the company is the seventh most valuable on Wall Street, Reuters reported. 

 

Robinhood Markets surged 16%, and AppLovin gained 12%--both companies are set to be added to the S&P 500 from Sept. 22. Addition to a major index such as S&P 500 unlocks value for a stock as it can catalyse billions of dollars in trading, with passive funds typically expected to buy massive numbers of shares in the weeks following a stock's addition, CNBC reported.

 

EchoStar skyrocketed 20% after the telecommunications services firm agreed to sell wireless spectrum licences to Elon Musk's SpaceX for its Starlink network for around $17 billion. Other telecom playes such as AT&T, Verizon, and T-Mobile fell 2-4%. 

 

Following are the closing levels of US indices Monday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	45514.95	0.25
NASDAQ Composite	21798.699	0.45
S&P 500	6495.15	0.21

 

(Akash Mandal)

 

End

 

US$1 = INR 88.07

 

Edited by Avishek Dutta

 

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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NYSE: New York Stock Exchange

NYMEX: New York Mercantile Exchange

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