KPI Green Energy
Received LOAs from SJVN Ltd for 200 MW (AC) solar EPC and O&M project at Khavda, Gujarat. Order value Rs 696.5 cr. Scope includes supply, erection, testing, commissioning, and 3-year O&M. Raises total Khavda portfolio above 845 MWp (DC). (Positive)

RIL (Reliance Industries Limited)
Investec: Initiate Buy, TP ₹1,890
Broad-based earnings recovery & strong cash generation. Energy rebound, robust retail & Jio growth, subsidiary IPO potential. Trades at 18.8x FY27E P/E, 15% discount to 2018–25 avg.

MS on Hyundai
OW TP Rs 3066
By 2030, India will became second-largest market for HMC, after the US. Rs450bn capex, seven new nameplates, multi-powertrain strategy, and luxury foray via Genesis to drive growth.
Tarun Garg takes over as MD and CEO of HMI.
F2030 revenue guidance of Rs1trn-plus looks conservative to us.
On F27 estimates, HMI, MSIL and M&M (tractors at 25x P/E) trade at P/Es of 26.3x, 25.4x, and 23.8x, respectively

Leading global and domestic fund houses have released their latest stock recommendations, highlighting positive sentiment across financials, infrastructure, and industrial sectors, while offering selective neutral views on certain stocks.

NTPC Green Energy: Company Declares Commercial Operation of 12.5 Mw Solar Capacity in Gujarat. (Positive)
Dabur: Court Granted “Complete Stay” On Rs 1.1 billion Tax Demand Notice (Positive)
KRN Heat Exchanger: Company Unit Commences Commercial Production of Bus Ac Division in Rajasthan. (Positive)

NIFTY OUTLOOK: 25585.30    FII: Rs. 997.29 cr    DII: Rs. 4076.20 cr
As discussed yesterday, market behaviour remained on expected lines as strong buying pressure and a decisive breakout above the resistance formed on 18th September 2025 propelled Nifty up to 25625.40. On the day of closing, it ended near the high at 25585.30.

1. FIIs net long position stands at 13.8%
2. VIX at 10.86 (+3.13%)
3. PCR at 1.52
4. FIIs bought Cash Rs. 997.29 cr, Index Futures Rs. 5066.71 cr, and Stock Futures Rs. 463 cr
5. Open Interest Position

Nomura on Tech Mahindra
Buy | Target Price Rs 1,670
2QFY26 was a good show on most parameters. Deal wins and pipeline are strong; management aims for better revenue growth in FY26E versus FY25. Business repair is underway with solid progress at the midpoint of a three-year turnaround. Stock trades at ~18.3x FY27F EPS.

Saatvik Green
Company secured a significant order worth Rs 638.85 cr. (Positive)
Mishra Dhatu Nigam
Company secured an order worth Rs 306 cr. (Positive)
Godrej Properties
Acquired a 26-acre land parcel near Sarjapur Road, Bengaluru, with an estimated revenue potential of Rs 1,000 cr. (Positive)

Daily Morning Report Date: 16.10.2025
NIFTY OUTLOOK: 25323.55   FII: Rs. 68.64 cr   DII: Rs. 4650.08 cr
As discussed yesterday, market behaviour remained on expected lines. Buyers managed to overcome selling pressure, pushing Nifty to an intraday high of 25365.15. The index closed near the day’s high at 25323.55, almost touching our key level of 25330.