Veefin Solutions merges GSL and ESL with promoters transfer 21 lakh shares (~Rs.83 cr. at nil consideration) to strengthen governance & minority shareholder value.
SEPC secures Rs.32.63 cr. international order for ADNOC projects.
Steel Exchange India raises Rs.350 cr. refinancing from Kotak-led consortium, cutting borrowing costs by 5.5% and boosting financial flexibility.
India’s Solar Outlook
India’s solar EPC market is expected to grow 23% YoY, reaching ₹1.7 trillion by FY28, powered by initiatives like the PLI scheme, rooftop solar, and energy storage VGF.
Gujarat and Rajasthan lead with over 20 GW of combined solar park capacity.
India’s solar capacity is projected to rise from 106 GW in FY25 to ~280 GW by FY30, implying a >21% CAGR, with renewables’ share in installed capacity expanding from 47% to nearly 65%.
Source: Waaree Renewable Technologies Ltd (Q2FY26 Investor Presentation).
ABS Marine Services Limited, one of India’s leading maritime companies engaged in ship management, vessel ownership, and marine and port services, has successfully completed the conversion and deployment of its vessel ‘CELESTIAL’, now certified for ONGC’s Well Stimulation Vessel operations from Mumbai.
Eco Recycling Limited (Ecoreco), India’s first and leading e-waste management company, has launched a nationwide initiative titled #1BillionChargers, aimed at encouraging citizens to responsibly dispose of unused or discarded mobile chargers lying idle in their homes.
High-stakes meeting: UK Prime Minister Keir Starmer held talks with Indian Prime Minister Narendra Modi on October 9, focusing on strengthening bilateral ties, trade agreements, and strategic cooperation.
Free Trade Agreement (FTA) push: A major agenda was advancing negotiations on a UK-India Free Trade Agreement, aiming to boost commerce and investment flows between the two nations.
Strategic alignment: Discussions also included defence, security, climate action, energy cooperation, and coordination in multilateral forums.
Focus Lighting & Fixtures Limited has secured an order worth ₹1.88 cr (exclusive of GST) from the Gandhinagar Municipal Corporation for a city beautification initiative. The project involves manufacturing, supplying, delivering, and installing LED lighting and fixtures across key city areas to enhance Gandhinagar’s visual appeal and upgrade its urban infrastructure.
International Conveyors, posted 48% higher EPS of Rs.14.5 in FY25 on small equity of Rs 6.3 cr. The share trades at a P/E of 7.1x making it a sound proposition.
20 Micron a leading producer of industrial minerals posted FY25 net profit of Rs.62.4 cr. with an EPS of Rs.16. It has reserves of Rs.363.5 cr. vs equity of Rs.17.6 cr.
FLYSBS Aviation expands fleet with a new Embraer Legacy 650 business jet.
The company will induct a 13-seater Embraer Legacy 650 under dry lease, extending its premium charter services.
The aircraft offers a 3,900 nautical mile range, enabling 6-hour non-stop flights to destinations in the Middle East and Southeast Asia.
Target customers include ultra-HNIs and corporate leaders in the luxury travel segment.
MS on Muthoot Fin Maintain Overweight on Company, raise target price at Rs.3660/Sh (Positive)
MS on Manappuram Maintain Equal Weight on Company, raise target price at Rs.285/Sh (Positive)
MS on TCS Maintain Overweight on Company, target price at Rs.3690/Sh (Positive)
Nuvama on TCS Maintain Buy on Company, target price at Rs.3650/Sh (Positive)
TCS
CLSA – O-P, TP ₹3559
Beat on all fronts including revenue, EBIT margin and order bookings. Expects demand in 2HFY26 to be better than 1HFY26. Growth was broad-based, with retail and the UK remaining weak. Management shows aggression with AI-focused restructuring, acquisitive stance, and 1GW data centre plan over 5–7 years — aiding long-term earnings but impacting ROCE and FCF/PAT profile.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
