VRIGHT Exchange – Weekly Review & Preview

Period: 22–27 September 2025

Market Overview

Nifty: Consolidated near 24,900, with mixed sectoral performance.

F&O: Put-Call ratio fell to 0.68, indicating mild bearish sentiment.

Global Cues: Weakness in US indices (Dow -173.96, Nasdaq -113.51) pressured domestic futures; crude marginally up at $65.29/bbl.

Investor Sentiment: Defensive and quality stocks favored amid ongoing tariff and regulatory updates.

Sector-wise Highlights
1. IT & Technology

Accenture: Q4 revenue $17.6 bn, strong GenAI bookings; industry outlook remains selective.

HCLTech: Joined Microsoft AI Business Solutions Inner Circle.

Investor Insight: Indian IT remains resilient; focus on AI-led services and marquee clients. Selective accumulation recommended for high-growth names like TCS, Infosys.

2. Automobiles

Tata Motors/JLR: Digital systems restored after $2.44 bn cyberattack; phased operational restart.

TVS Motor: Acquired Engines Engineering S.p.A. to enhance premium and EV capabilities.

Investor Insight: Global expansion and EV innovation continue to support medium-term growth. Watch for supply chain resilience.

3. Energy & Power

NTPC: Commercial operations started for 167 MW Rajasthan project.

NTPC Green Energy: Commissioned 25 MW solar project in Gujarat (part of 37.5 MW total).

PFC: Incorporated SPV Tumkur II RE Transmission for renewable grid integration.

Investor Insight: Renewable energy capex and project commissioning trends remain favorable; monitor policy incentives.

4. Manufacturing & Industrial

RITES: $18 mn order from South Africa for overhauled ALCO locomotives.

Supreme Petrochem: ABS project commissioned with 70,000 TPA capacity at Maharashtra plant.

ITCONS E-Solutions: Rs 3.8 Cr HAL order for defence manpower services.

Investor Insight: Strong order inflows in defence, infrastructure, and industrials signal selective opportunities.

5. Pharmaceuticals & Healthcare

Zydus Lifesciences: Rs 35.9 Cr CGST demand dropped.

Lupin/Strides: DGTR anti-dumping probes initiated; keep an eye on regulatory developments.

Jeena Sikho Lifecare: New hospital operational in Raigad, 230 beds.

Investor Insight: Regulatory clarity and expansion in healthcare facilities drive sector visibility; mid-cap hospitals remain attractive.

6. Consumer & Retail

Avenue Supermarts: New store opened in Andhra Pradesh, total 430.

Carysil: Clarified no fresh QIP; ongoing capacity funded from earlier proceeds.

Investor Insight: Retail expansion continues; focus on companies with strong omni-channel presence.

7. Construction & Infrastructure

Ceigall India–JSPPPL JV: Rs 509.2 Cr GMADA road project.

Kalpataru Projects: Vindhyachal Expressway arbitration settled.

Investor Insight: Government-backed infrastructure projects maintain long-term visibility.

8. IPOs & Fundraising

GK Energy: IPO subscribed 89.62x; EPC solar pumps.

Saatvik Green Energy: IPO subscribed 6.57x; modules & EPC services.

Alpex Solar: Raised Rs 260 Cr via preferential issue.

Investor Insight: Green energy sector continues to attract investor attention; selective participation recommended.

9. Regulatory & Policy Updates

Trump Tariffs: 25% on heavy trucks; 50% on kitchen/bathroom products; 30% on upholstered furniture.

DGTR Anti-Dumping: MEG imports from Kuwait, Saudi, Singapore; Ethambutol HCl imports from China, Thailand.

Investor Insight: Tariffs could affect supply chain-linked industrials and exporters; diversify exposure accordingly.

Weekly Market Outlook (Next Week: 29 Sept – 4 Oct 2025)

Index Movement: Nifty expected to consolidate in 24,750–25,100 range; global cues to dominate short-term moves.

Sector Focus:

IT (GenAI-driven services), Renewable Energy, Industrial Orders

Pharma (regulatory developments), Automobiles (supply chain recovery)

Caution: Consumer durables and export-linked metals impacted by tariffs.

Events to Watch:

Q2 Results: Mahindra & Mahindra, Mphasis, Blue Star, Nazara Technologies

IPOs: Munish Forge (GRETEX Corporate)

F&O Expiry: Nifty Sep. 30

Actionable Insight:
Focus on companies with strong order backlogs, renewable energy projects, and AI-driven IT growth. Maintain defensive positioning in sectors exposed to tariffs or regulatory uncertainty.