Equity Alert
Netweb Tech hits all-time high after bagging INR-4.5-bln order
This story was originally published at 12:09 IST on 22 September 2025
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Equity Alert: Netweb Tech hits all-time high after bagging INR-4.5-bln order
MUMBAI--1150 IST--Shares of Netweb Technologies India rose over 8% to an all-time high of INR 3,545.60 after it received a large order. At 1149 IST, the stock traded 5.8% higher at INR 3,469.70 and was among the top gainers in the Nifty 500.
The company after market hours Friday said it has received an order of INR 4.5 billion to supply Tyrone AI GPU accelerated systems. The order value excludes applicable taxes. The provider of technology distribution and integrated supply chain solution needs to execute the order by the end of 2025-26 (Apr-Mar). The value of the order is more than the company's June quarter top line of INR 3.01 billion.
At 1149 IST, 4.31 million shares of the company were traded on the NSE, sharply higher than the 3.27 billion shares traded till the same time Friday. (Akash Mandal)
Equity Alert: Shalby surges 13%; co sees revenue growing 2.5 times by FY30
MUMBAI--1059 IST--Shares of Shalby surged 13% to a high of INR 271.80, its highest level since Oct. 7, after Informist Friday reported that the company expects its revenue to more than double by 2029-30 (Apr-Mar) driven by its hospitals and implants operations. At 1056 IST, the stock traded 9.9% higher at INR 264.40.
The company, which operates 15 hospitals across the country, expects its revenue and earnings before interest, tax, depreciation, and amortisation of its hospitals business to rise to INR 20 billion and INR 5 billion, respectively, by FY30, President Shanay Shah told Informist. The segment generated over INR 11 billion in revenue and EBITDA of INR 1.6 billion in FY25.
The company's implants business aims for INR 6 billion-INR 7 billion revenue and INR 1.5 billion EBITDA by FY30. The implants vertical sold 14,076 units in the June quarter, clocking around INR 308 million in revenue. The company sees the hospital and implant businesses together generating INR 26 billion to INR 27 billion in revenue and INR 6.5 billion EBITDA and a possible $1 billion market capitalisation, Shah said.
In FY25, Shalby had reported a consolidated net loss of INR 122.0 million on a revenue of INR 11.1 billion. At 1056 IST, 4.35 million shares of the company traded on the NSE, sharply higher than the 295,620 shares traded till the same time Friday. (Akash Mandal)
Equity Alert: Shipbuilding cos up; govt approves infra status to large ships
MUMBAI--1030 IST--Shares of shipbuilding companies rose in early trade after the government granted infrastructure status to 'large ships'. Shipping Corp. of India was up over 5% and Cochin Shipyard was up nearly 3%, among the top gainers in the Nifty 500 and Nifty 200 indices, respectively. Mazagon Dock Shipbuilders and Great Eastern Shipping Co were up 1.4% and 0.3%, respectively.
The move is expected to significantly benefit Cochin Shipyard, Mazagon Dock Shipbuilders, and Larsen & Toubro's shipbuilding arm, ICICI Direct Research said in a report. This will lower financing costs and extend tenure of loans, making large vessel projects more viable and boosting domestic shipbuilding competitiveness. "This policy change is a game-changer for Indian shipyards, providing them with a level playing field against global competitors by reducing capital costs and improving financial flexibility," the report said.
Additionally, Prime Minister Narendra Modi has announced three schemes with government investment of over INR 700 billion to boost the shipbuilding sector. This is to provide incentives, interest subsidies, and long-term finance to boost domestic shipbuilding, ship-breaking and port-linked infrastructure, the report said.
The package will have four components, including the Shipbuilding Financial Assistance Scheme to provide INR 250 billion financial aid to shipbuilders, INR 250 billion to set up a Maritime Development Fund, and INR 200 billion for capacity creation for developing greenfield clusters and expansion of existing hubs.
The infrastructure status can accelerate defence and commercial shipbuilding programmes, drive indigenisation, and open up opportunities for auxiliary naval platforms, the report said. Over the medium term, this will likely attract private investment and enable technology upgrades, it said. Defence shipbuilders such as Mazagon Dock Shipbuilders, Cochin Shipyard, Garden Reach Shipbuilders, L&T Shipbuilding are expected to benefit substantially from these developments in the coming periods, ICICI Direct said.
In the other news, Garden Reach Shipbuilders Saturday signed memoranda of understanding with various port authorities such as Kandla-based Deendayal Port Authority, Kolkata-based Syama Prasad Mookerjee Port Authority, Indian Port Rail & Ropeway Corp., The Shipping Corp. of India, and Modest Infrastructure. These are to create a structured framework for the company and its partners to explore and jointly develop projects across multiple domains, Garden Reach said in an exchange filing. (Simran Rede)
Equity Alert: IT stocks fall sharply on new regulations for US H-1B visas
MUMBAI--1024 IST--Information technology stocks opened sharply lower after the US imposed a fee of $100,000 on H-1B visas which are granted to immigrants for working in the US. At 1024 IST, Tech Mahindra, LTIMindtree, Mphasis, and Persistent Systems were down 3-4%. The Nifty IT had fallen to a two-week low of 35145.10 points, down nearly 4%. All constituents in the sectoral index were in the red.
Most brokerages expect some near-term impact of the move for Indian IT companies but the downside is likely to be limited in the longer run. Sunny Agrawal of SBICAPS Securities had expected these stocks to open 2-3% lower Monday in a "knee-jerk" reaction.
Indian IT firms are likely to see an impact of around 50-150 basis points on their margins if they choose to continue to use their current workforce dependent on H-1B visas, Nuvama Institutional Equities said in a report Sunday. The brokerage said these IT companies will now focus on only critical jobs when considering hiring on H-1B visa. Indian IT companies have reduced their reliance on H-1B visas over the last decade and started hiring more local workforce from the US.
Most global brokerages expect the development to have some negative implications for Indian IT companies over the near-to-medium term. Morgan Stanley sees minimal impact in the near term, but said it could lead to higher cost structure in the medium term, NDTV Profit reported. Jefferies expects 7-12% of the business of these companies to be renegotiated over the next 3-5 years. The brokerage also expects higher onsite wages to hit profits of the sector by 4-13%. It also expects Indian IT companies to change their operating model.
Citi expects higher costs for visas to increase the cost of doing business in the US for Indian IT companies, part of which will be passed on to clients. However, it does not expect global competitiveness of these companies to change. (Akash Mandal)
Equity Alert: Indices open lower; H-1B visa fee hike hits IT stocks
MUMBAI--0955 IST--Benchmark equity indices opened lower on Monday, beginning the week on a negative note, mainly due to sharp losses in information technology stocks. Shares of these companies fell after the US government issued an executive order hiking the H-1B visa application fee to $100,000. Some sectoral indices had fallen slightly at open but recouped losses and were mostly in the green.
At 0947 IST, the Nifty 50 index was at 25294.70 points, down 32.35 points or 0.1%. There was weakness in the three main index heavyweights ICICI Bank, HDFC Bank, and Reliance Industries, which opened lower. Having said that, the market's fear gauge, India VIX, surged 5% to 10.4750. The BSE Sensex was at 82479.94 points, down 146.29 points or 0.2%.
IT stocks fell the most with Tech Mahindra and Persistent Systems declining nearly 4?ch. Others such as LTIMindtree, Coforge, and Mphasis traded 3% lower. All the constituents of the Nifty IT index were in the red. Some brokerages said there would be minimal impact of the visa fee hike on Indian IT companies. These firms are likely to see an impact of around 50-150 basis points on their margins if they continue to use their current workforce dependent on H-1B visas, Nuvama Institutional Equities said in a report.
Shares of Adani Group companies were in the green in early trade Monday. The stocks extended their gains post the Securities and Exchange Board of India gave a clean chit to the conglomerate over allegations made by Hindenburg Research in January 2023. Adani Energy Solutions, Adani Green Energy, and Adani Total Gas gained 4-5% in early trade.
Among sectoral indices, Nifty IT, Nifty Pharma, Nifty Consumer Durables companies were the worst hit. The Nifty IT fell 4% to a low of 35145.10 points. On the other hand, the Nifty Realty and the Nifty Energy were up 0.9?ch. (Gopika Balasubramanium)
Equity Alert: Brokerages wary on Voltas on high inventory, regulatory changes
MUMBAI--0829 IST--Most brokerages remained cautious on Voltas on expectations of a weak September quarter due to inventory challenges and low demand. The caution is despite the company reiterating its hopes for an improved second half of the financial year due to the cut in goods and service tax on multiple segments that the company is involved in.
"Voltas, in its pre-quarterly update, indicated Q2 momentum to be challenging given higher inventories in channel (two–three months currently) coupled with GST cut expectations that hurt momentum for past five weeks," Nuvama Institutional Equities said in a report. The trend of a fall in sales across key categories such as cooling products is likely to continue in Jul-Sept due to the high base of last year, the report said. "Given the weak season and upcoming BEE (Bureau of Energy Effeciency) change event from Jan. 1, we argue near-term looks painful for brands," it said.
However, demand is likely to pick up in the December quarter due to the upcoming festival season and GST rate cuts. "Notwithstanding near term, Voltas expects demand drivers such as higher disposable income, urbanisation and replacement demand to be intact and hence imply strong growth prospects over medium to long term," the brokerage added. It maintained a 'reduce' rating on the stock with a target price of INR 1,020. On Friday, the stock had closed 0.4% lower at INR 1,419.90 on the NSE.
Nomura Global Markets Research also noted similar points and maintained a wary outlook for the stock. "Management noted that in the room AC category, both primary and secondary demand remains severely impacted in 2QFY26, given elevated channel inventory (2-3 months), the extended monsoon season, and consumers deferring their purchases between 15 Aug and 22 Sep," the brokerage said.
The comany said new rating norms of the Bureau of Energy Efficiency will drive prices higher by 3-5% for three-star ACs and by more than 5% for five-star ACs. "In our view, despite an ~8% cut in AC prices on lower GST, elevated channel inventory may dampen primary sales channel build-up in 3QFY26F before new BEE ratings kick in from Jan-2026," the brokerage said. It expects the net benefit for consumers to be nominal by the March quarter and thus the demand to remain contingent on the upcoming summer season. It maintained a 'neutral' rating on the stock with a target price of INR 1,420. (Akash Mandal)
Equity Alert: Analysts see limited impact of H-1B visa fee change on IT cos
MUMBAI--0807 IST--Indian information technology companies may see slight impact on their financials after US President Donald Trump hiked H-1B visa application fee to $100,000, according to brokerages Nuvama Insitutional Equities and Emkay Global Financial Services. IT firms are likely to see an impact of around 50-150 basis points on their margins if they choose to continue to use their current workforce dependent on H-1B visas, Nuvama said in a report on Sunday.
However, the brokerage also expects the actual impact of the fee hike to be lower than the 50-150 basis points as they will now focus on only critical jobs when considering hiring on H-1B visa. Indian IT companies have reduced their reliance on the H-1B visas over the last decade and started hiring more local workforce from the US.
Emkay Global spoke on similar lines and expects the companies to manage the change with more local hiring in the US. "We do not foresee any immediate risks to earnings, though a potential inch-up in on site wage inflation due to increase in local hiring and the USD100,000 fee on new H1-B visas from the next-year lottery cycle would hit earnings in FY27," Emkay Global said in its report. The brokerage also said that the overall impact on IT companies is unlikely to be disruptive and as companies may use L1 visas as an alternative.
In case of continued usage of H-1B visas, IT firms may negotiate with their clients to share the higher costs which is likely to help ease margin pressure on the companies in the medium term, Nuvama said in its report. Information technology companies will have to pay $100,000 once in six years for an employee through H-1B visa, the brokerage said.
"We believe such an impact is unlikely to be disruptive for IT companies, though there may be a near-term overhang on stock prices as investors are likely to price-in the increased risks of protectionist measures," Emkay Global said. (P. Madhu Kumar)
Equity Alert: Mkt may open lower; IT cos under pressure on H-1B visa changes
MUMBAI--0805 IST--Benchmark indices are likely to open lower Monday and may move in a relatively narrow range after already gaining over 3% this month. Information technology stocks are likely to be under pressure after the US imposed a hefty fee for H-1B visa applications. However, analysts expect the downside in the overall market to be limited. The Nifty 50 is likely to move in a range of 25150-25450 points.
IT stocks are likely to open lower due to pressure over the new $100,000 fee on H-1B visas. "IT stocks may witness knee-jerk reaction on Monday and can open gap down with cut of 1-3%," Sunny Agrawal, head of research at SBICAPS Securities, was quoted by the Economic Times as saying. The American Depository Receipts of Infosys and Wipro fell as much as 4% overnight after the new fee was announced.
The new goods and services tax regime announced by Prime Minister Narendra Modi on Independence Day will come into effect from Monday. Trade talks between the US and India will be in focus, with Trade Minister Piyush Goyal scheduled to visit the US later in the day to discuss the proposed bilateral trade agreement. A favourable trade deal for India will be the next big trigger for the market, analysts said.
The September contract of the GIFT Nifty indicates a slower start for the market. At 0803 IST, the contract was at 25334.50 points, 21.50 points lower than its previous close. On Friday, the Nifty 50 had closed at 25327.05 points, down 96.55 points or 0.4%. The BSE Sensex ended at 82626.23 points, down 387.73 points or 0.5%.
Indices in the US had ended with slight gains Friday, with all three indices ending at fresh closing highs. Trading volumes rose to the highest levels since April amid a bull run in the market. Most Asian indices were higher in early trade Monday. (Akash Mandal)
Equity Alert: US indices hit record highs Fri; Apple up as iPhone sales begin
MUMBAI--0743 IST--Equity indices in the US notched record closing highs again on Friday. The S&P 500 and the Nasdaq Composite indices closed higher, gaining for three consecutive weeks, helped by the US Federal Reserve's move to cut lending rates Wednesday. Market participants focused on details of a call between leaders of the US and China, which US President Donald Trump described as "very productive."
The Nasdaq Composite closed over 0.7% higher and shares of Apple rose more than 3?ter the company's latest iPhone went on sale. JP Morgan raised the company's target price to $280 from $255, Reuters reported. The Dow Jones Industrial Average index closed 0.4% higher, marking two consecutive weeks of gains.
Among other gainers, shares of Oklo and Nano Nuclear Energy rose 21-29%. Shares of Paramount Skydance rose nearly 6?ter media reports laid out more details about the company's likely bid for Warner Bros. Discovery. Shares of Warner Bros. Discovery were up more than 3%.
Following are the closing levels of US indices Friday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6664.36 |
0.49 |
|
NASDAQ Composite |
22631.48 |
0.72 |
|
Dow Jones Industrial Average |
46315.27 |
0.37 |
(Eshitva Prakash)
US$1 = INR 88.16
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
End
Edited by Akul Nishant Akhoury
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