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Sectors to watch today: Private banks, auto, realty and Q2 earnings plays
Private banks: Long positions seen after a long time; certain technical crossovers post RBI MPC could drive momentum.
Auto sector: September sales remain strong; Ashok Leyland under pressure due to Tata Motors’ CV listing.
Q2 earnings boost: Strong performance expected from PC Jewellers, CSB Bank and V-Mart Retail.
Realty & housing finance: Buying interest may continue in select counters.
Stocks to watch on October 3
Indian stock market is set for a cautious start today with gift nifty hinting at a weak opening. Here are the key stocks to watch based on corporate announcements, regulatory updates, and brokerage notes.
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Maruti: September sales in line with estimates, exports up 52% YoY
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Nestle: To add new Maggi production line in Pune for ₹85 crore
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Tata Power: Power purchase agreement with TPC-D to set up 80 MW renewable projects, capex at ₹1,200 crore
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Sammaan Cap: IHC to acquire majority stake for ₹8,850 crore, open offer at ₹139/share
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Hyundai: Starts production at Talegaon plant with 1.7 lakh unit capacity
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Hero MotoCorp: September sales beat estimates, up 8%, exports up 95% YoY
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TVS Motor: September sales in line, up 12% YoY
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CSB Bank: Loans sanctioned up 29% YoY, deposits up 24.5% YoY in Q2
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Adani Green: Commissions 50 MW solar and 31.2 MW wind power project in Gujarat
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United Spirits (USL): ₹236 crore water bill quashed by HC, Adar Poonawalla confirms RCB interest
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Waaree Energies: Board approves ₹8,175 crore capex to expand capacity
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KRBL: Wins PACL property bid worth ₹403 crore
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V-Mart: Q2 same-store sales growth up 22%, opens 25 new stores
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CreditAccess: Completes two assignment deals worth ₹356.44 crore in September
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Nuvama Wealth: Gets SEBI nod to launch mutual fund business
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AB Realty: Assigns land rights worth ₹93 crore to UltraTech
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RITES: Bags order worth ₹36.2 crore from Damodar Valley Corporation
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Indian Bank: Q2 growth beats guidance, deposits up 12%, advances up 13% YoY
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Utkarsh SFB: Board approves ₹950 crore rights issue
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Goodluck: Gets industrial licence under Arms Act for empty shell production
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PC Jewellers: Revenue up 63% YoY, debt reduced by 23%
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TTK Prestige: Adds 12 lakh units cookware capacity at Karjan
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PTC Industries: Subsidiary bags clean tech project with Coolbrook
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Crompton: Wins ₹4.75 crore order from MP Urja Vikas Nigam
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HG Infra: Gets completion certificate for ₹1,060 crore Raipur-Vizag project
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BLS International: Acquires UK-based Hotelier Aberdovey for ₹78 crore
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Coal India: September production at 48.97 MT vs 50.94 MT YoY
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Zydus Life: US arm gets FDA complete response letter for CUTX-101
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PVR Inox: CCI initiates probe into levy of virtual print fee
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South Indian Bank: Q2 growth in single digit vs 12% YoY guidance
Brokerage reports:
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Morgan Stanley on Axis Bank: Overweight, TP ₹1,450 (positive)
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Morgan Stanley on Kotak Bank: Overweight, TP ₹2,600 (positive)
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Nuvama on Amara Raja: Buy, TP ₹1,120 (positive)
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Nuvama on APL Apollo: Buy, TP ₹2,039 (positive)
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Jefferies on Allied Blenders: Buy, TP ₹620 (positive)
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Nuvama on LG Electronics India: Positive outlook with $600 mn capex plan
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Jefferies on Banking sector: Positive on HDFC, Axis, ICICI, SBI
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CLSA on India strategy: Maintain bullish view as long as support holds
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Morgan Stanley on India strategy: Overweight financials, consumer discretionary, industrials; underweight energy, materials, utilities, healthcare
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Jefferies on Cement sector: Rising RM costs may drive price hikes (neutral)
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Morgan Stanley on Real estate sector: Cautious on Lodha and Oberoi (neutral)
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JP Morgan on Auto sector: 2W wholesale and retail trends steady (neutral)
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Goldman Sachs on L&T: Neutral, TP ₹3,540
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Motilal Oswal on Amara Raja: Neutral, TP ₹1,030