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.
AUTHUM INVESTMENT – Acquires 21.25% stake in MIRC Electronics (Onida) through preferential allotment of 7.83 million shares at ₹16.81 per share, totalling ₹13.62 crore. The funds will support working capital needs and growth plans of MIRC Electronics.
Daily Morning Report Date: 10.10.2025
NIFTY OUTLOOK: 25181.80 FII 1308.16 cr DII 854.36 cr
As discussed yesterday, market behaviour remained on the expected lines during the day as Nifty broke above the resistance of 25139, pushing the rally up to the next resistance of 25183 (made a high of 25199.25) and closed near it at 25181.80.
A long bullish candle on the daily chart suggests that bulls have regained control after minor profit booking, indicating a resumption of the short-term uptrend. If Nifty continues its upward momentum, it may rally up to 25273–25318 on a decisive breakout above 25227. Stronger demand could extend the move to 25361.
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