PROSTARM

Jan 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER BY SAIL FOR SOLAR PROJECT

• PROSTARM INFO SYSTEMS LTD - TO SUPPLY 2MW SOLAR SYSTEM FOR 67.1 MILLION RUPEES

Source text: ID:nBSEdNNrT

Further company coverage: PRON.NS

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** Drugmaker Cipla's CIPL.NS stock falls as much as 4.7% to 1,367.20 rupees, lowest level since April 2025

** Last down 2.4%, top loser on Nifty 50 .NSEI, which is up 0.77%

** Tumour drug Lanreotide supply hit after partner Pharmathen's production pause; drug is major rev source for CIPL in U.S.

** Nuvama downgrades to "reduce" from "hold", cuts PT to 1,360 rupees from 1,715 rupees; says pause brings uncertainty for FY27E

** BofA Securities cuts PT to 1,420 rupees from 1,500 rupees; says co's near-term earnings, news flow could weigh on stock

** Morgan Stanley says pause creates U.S. revenue overhang; stock to underperform over next 30 days

** CIPL rated "buy" on avg by 36 analysts, median PT 1,675 rupees - LSEG data

(Reporting by Brijesh Patel in Bengaluru)

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** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS stock rises nearly 5% to 204.05 rupees

** Co expands footprint into Odisha capital Bhubaneswar, its 17th city of operations across India

** All four analysts covering IDIQ rate it "buy"; median PT at 310 rupees - data compiled by LSEG

** Stock down 5.5% since debut in July, 2025

(Reporting by Brijesh Patel in Bengaluru)

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Updates

** HDFC Bank HDBK.NS drops 2.4% to 977.6 rupees after co's quarterly update

** Stock is the biggest percentage loser on benchmark Nifty 50 index, which is down 0.3%

** India's top private lender posted 11.9% y/y in loan growth as of December-end on Monday, while deposits increased 11.5%

** Its loan to deposit ratio (LDR), a metric that assesses whether it has enough deposits to fund loan growth, went up by 50 bps q/q to 98.5%, Suresh Ganapathy analyst at Macquarie said

** This in contrast to the bank's target to bring it below 90% by FY27

** HDBK has said it expects to grow loans in line with the industry in FY 2026, and faster than the industry in FY 2027

** "...They will have to operate at a 95%+ LDR if they have any aspirations of maintaining their loan growth above system," Ganapathy said

** HDBK rose 12.10% in 2025 vs a 10.5% rise in Nifty 50

($1 = 90.2400 Indian rupees)

(Reporting by Brijesh Patel and Nishit Navin in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

Dec 30 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• SETTING UP NEW MANUFACTURING UNIT AT BAKROL, GUJARAT

• ESTIMATED CAPEX OF 60 MILLION RUPEES

Source text: ID:nBSE13PmWQ

Further company coverage: PRON.NS

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** Shares of Ola Electric Mobility OLAE.NS climb 4.5% to 55.11 rupees

** Electric scooter maker launched its first battery energy storage systems (BESS) solution

** Expects annual consumption for BESS to scale up to 5 gigawatt-hour in the next couple of years

** Introductory prices start at 29,999 rupees ($341.47) for a 1.5 kilowatt-hour battery; prices go up to 159,999 rupees for 9.1 KWh for the first 10,000 units

** Stock top percentage gainer on the Nifty small-cap index .NIFSMCP100, which is up 0.4%

** OLAE stock is rated "hold" on avg by 7 brokerages, median PT at 45 rupees - data compiled by LSEG

** Stock down 35.6% YTD

($1 = 87.8538 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of HCLTech HCLT.NS drop 0.9% ahead of quarterly report due later in the day

** Analysts, on avg, expect co to post Q2 consolidated revenue of 313.55 billion rupees vs 288.62 billion rupees a year ago - data compiled by LSEG

** However, analysts say Indian IT firms are set for another quarter of tepid earnings as weak global demand, steep U.S. tariffs and trade jitters weigh

** India's top IT firm TCS TCS.NS kickstarted IT earnings last week; beat quarterly revenue estimates but its plans to invest $7 bln in a 1 GW data centre sparked cautious reactions

** Analysts project better sequential revenue growth for HCLT on deals ramp-up, particularly in BSFI segment and hi-tech verticals

** HCLT among 5 stocks rated "hold" on 10-member IT index .NIFTYIT, TCS is rated "buy" - LSEG data

** As of Friday's close, HCLT down ~22% so far in 2025 vs ~18% decline in IT index

(Reporting by Manvi Pant in Bengaluru)

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** Citi Research raises PT on India's Eternal ETEA.NS to 395 rupees from 320 rupees, implying ~16% upside to last close; keeps "buy"

** Shares of Eternal, which owns Zomato and Blinkit, rises as much as 1.5% to a record high of 346.8 rupees

** Citi says Blinkit's growth momentum "remains stellar" on user acquisition focus, continued investment in dark store expansion, adding new cities

** Sees strong rise in app traffic in Q2 for Blinkit, driven by festive season in later part of quarter

** Expects Blinkit's gross order value (GOV) to grow at 140% y/y in Q2 vs 106% for rival Swiggy's SWIG.NS Instamart

** Expects slight improvement in Zomato's food delivery growth on better traffic conversion, increase in investments

** Estimates Zomato's Q2 GOV to grow at 18%

** Eternal, Swiggy rated "buy" on avg, per data compiled by LSEG

** YTD, ETEA up 24%, SWIG down ~21%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of LTIMindtree LTIM.NS gain as much as 4.3% to 5,501 rupees, last up 0.6%

** Stock among top gainers on Nifty IT index .NIFTYIT, which was up 0.4%

** IT services company said on Monday it had won its largest-ever deal; it did not reveal name of the client and financial details

** Two sources pegged the deal size at $580 million, Reuters reported

** LTIM rated "hold" on average by 38 brokerages, same as HCLTech HCLT.NS, Tech Mahindra TEML.NS and Wipro WIPR.NS - LSEG data

** YTD, LTIM down ~5% vs ~20% decline in NIFTYIT

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Kotak Mahindra Bank KTKM.NS rise as much as 1.8% to 2,138.9 rupees, their highest level since late-July

** Last up 0.8%

** Stock among top six gainers on the blue-chip Nifty 50 .NSEI, which is up 0.3% .BO

** Private lender on Saturday said CASA deposits grew 6.2% y/y in Q2

** Total deposits grew 14.6%, as of September 30, which MS analysts see as key positive

** Citi analysts say KTKM's net advances growth at 15.8% surpassed their estimates of 14.7%

** KTKM rated "buy" on avg by 36 analysts, median PT at 2,346 rupees - data compiled by LSEG

** YTD, KTKM up about 19% vs nearly 6% rise in Nifty

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of GK Energy GKEN.NS jump as much as 14.2% to 174.7 rupees in trading debut

** Stock opened at 171 rupees on the NSE vs the issue price of 153 rupees

** Co, which provides EPC services for solar-powered agricultural water pumps, valued at 34.49 billion rupees (about $389 million), as of 11:15 a.m. IST

** Co's 4.64 billion rupee IPO includes fresh issue worth 4 billion rupees and 642.6 million rupees as offer for sale; IPO was fully-subscribed on first day of bids

** IPO garnered bids worth 304.13 billion rupees

** GKEN bucks broader losses, markets down after U.S. President Donald Trump's new tariffs on branded and patented drugs, and as IT stocks dip post Accenture's ACN.N quarterly results .BO

($1 = 88.6925 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Glenmark Pharmaceuticals GLEN.NS climb as much as 1.5% to 2,048.6 rupees, last up 0.9%

** GLEN's Swiss unit wins licence for China's Jiangsu Hengrui Pharma 600276.SS innovative cancer drug trastuzumab rezetecan

** Hengrui will receive $18 million upfront, milestone payments of up to $1.09 billion

** Nomura analysts say drug will likely be largest contributor to GLEN's $350-400 million innovation drug revenue target in next 5-7 years

** Adds, drug has demonstrated good efficacy profile, with its objective response rate in non-small lung cancer patients at 74.5%

** GLEN rated "buy" on avg by 9 analysts, median PT at 2,400 rupees - data compiled by LSEG

** Stock up nearly 27% so far in 2025

(Reporting by Manvi Pant in Bengaluru)

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** HCLTech HCLT.NS rises as much as 1% to 1,444 rupees; last up 0.6%

** HCLT only stock in green on 10-member Nifty IT index .NIFTYIT, which is down 0.9%

** A Swedish truck and bus maker renews deal with co, signing multi-year contract for IT infrastructure, services

** No financial details disclosed

** Morgan Stanley says deal will likely aid co's total contract wins in Q2, boost confidence for HY2 FY26, build revenues on top of co's existing base

** Adds deal reaffirms co's ability to maintain scope in large deal renewals, signals improvement in co's market share

** Stock rated "hold" on avg, median PT is 1,670 rupees, per data compiled by LSEG

** YTD, HCLT falls ~25%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Metal stocks .NIFTYMET up 1%, set for fourth consecutive day of gains, as Nomura reiterates bullish stance on India's steel sector citing sustained domestic, global tailwinds

** Nomura notes China's anti-involution policies to cut production 9% y/y in rest of 2025

** While demand remains tepid in China and exports still remain at record levels, aggressive production cuts should provide some support - Nomura

** Maintans "buy" and raises PT for JSW Steel JSTL.NS to 1,300 rupees from 1,220 rupees and Jindal Steel JINT.NS to 1,150 rupees from 1,080 rupees

** Both up almost 2.5% on Tuesday

** Motilal Oswal says Tata Steel's TISC.NS Indian capacity expansion and European ops restructuring support earnings growth despite near-term global challenges

** Keeps "neutral" on TISC, 180 rupees PT; stock up almost 1%

** YTD, subindex up 16%, JSW and TISC gain 25%, JINT up 11%

(Reporting by Manvi Pant and Urvi Dugar in Bengaluru)

(([email protected]; +918447554364;))

** UBS hikes Avenue Supermarts AVEU.NS PT to 5,600 rupees from 5,050 rupees, nearly 19% upside to last close; keeps "buy" rating

** DMart supermarket chain operator's stock up 1.4% to 4,784.7 rupees

** Brokerage cites DMart's highest discount among peers at 21%, boosting customer loyalty in middle/lower-middle income segments

** Notes value retail edge in offline stores and online platform DMart Ready after store, channel checks

** DMart opened 130 stores across India in last 3 years; UBS estimates 230-250 new outlets in next three years

** Adds, growth set to accelerate on quick-commerce foray, value retail business model

** AVEU rated "hold" by 28 analysts on avg, median PT 4,040 rupees - data compiled by LSEG

** YTD, stock up 34%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Recent major deals in the Indian cement sector has accelerated the pace of consolidation and will likely drive prices, analysts at HSBC says

** HSBC says top four firms in the sector - UltraTech ULTC.NS, Ambuja Cements ABUJ.NS, Dalmia Bharat DALB.NS, Shree Cement SHCM.NS - now have combined market share of 57%

** Says, top four will likely dominate capacity additions in FY26, which will peak in the fiscal

** Expects demand recovery in the sector from the second half of FY26 as government spending will likely boost annual demand growth; sees rise in prices from November onwards

** UltraTech remains HSBC's top pick with "buy" rating, upgrades rating on ABUJ to "buy" from "hold," citing cost saving measures and improved capacity at acquired plants

** Adds, DALB (rated "buy" ) to benefit from improved pricing in the South and East regions of the country; SHCM is rated "hold"

** On the day, ULTC and ABUJ up 0.6% and 0.9%, respectively; while DALB and SHCM 0.6% and 0.9%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Jefferies starts coverage on Indian alcoholic beverage makers, United Spirits UNSP.NS, Radico Khaitan RADC.NS and Allied Blenders ALLE.NS with "buy"

** Stocks rise between 1% and 2.5%

** Jefferies sets price target for UNSP and RADC at 1,570 rupees and 3,590 rupees, respectively; sets Street High PT on ALLE at 620 rupees

** PT on UNSP, RADC, ALLE at ~20%, 25%, ~14% premium on last close

** Brokerage says the spirits sector offers premiumization-led strong growth potential; sees double-digit revenue CAGR across firms with room for margin expansion

** RADC is top pick for Jefferies, on the back of leading EPS CAGR growth over FY25-28; adds UNSP has likely favorable risk reward, ALLE has meaningful upside underway

** Estimates 20% EBITDA CAGR for RADC, ALLE and 13% for UNSP

** UNSP, RADC, ALLE rated "buy" on avg - data compiled by LSEG

** YTD, UNSP down ~19%; RADC, ALLE up 12%, 28%, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** JP Morgan initiates coverage on Indian pipe makers Astral ASTL.NS and Supreme Industries SUPI.NS with "overweight," price targets at 1,700 rupees and 4,930 rupees, respectively

** Shares of ASTL up 2.1% to 1,470.1 rupees, SUPI climbs 2.2% to 4,448.1 rupees

** PTs at ~18%, ~13% premium on last close of ASTL and SUPI, respectively

** JP Morgan sees India pipe majors nearing demand recovery, on the back of strong real-estate construction activity, higher water infrastructure spends and favorable channel inventories

** Expects double-digit volume growth for ASTL, SUPI in FY25-28 vs an 8% rise in the broader industry

** Upbeat on ASTL's leadership position in the chlorinated polyvinyl chloride pipes - a type of thermoplastic pipes - segment; see SUPI's scale and distribution edge as a key positive

** Both stocks rated "buy" on avg, median PTs at 1,494.5 rupees, 4,490 rupees, respectively - data compiled by LSEG

** YTD, ASTL, SUPI down ~11%, ~5%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Sept 5 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• GETS LOA FOR 150 MW/300 MWH BATTERY ENERGY STORAGE SYSTEM

• EXPECTS RENTAL OF 254,000 RUPEES PER MW PER MONTH FOR 12 YEARS FROM CONTRACT

Source text: ID:nNSE20RHDs

Further company coverage: PRON.NS

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** Shares of quick service restaurant (QSR) operators gain between 1% and 3.5%

** India announced GST cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand

** While the GST rate on QSR output remains same, lower tax on key inputs like cheese, other dairy products and chicken is down to 5% from 12%

** Jefferies says Jubilant Foodworks JUBI.NS, Devyani International DEVY.NS and Sapphire Foods SAPI.NS to benefit

** JUBI up 3.5%, while DEVY and SAPI rise 2.7% and 1.7%, respectively

** McDonald's India operator Westlife Foodworld WEST.NS climbs as much as 4.9%, last up 1.1%

** JUBI, SAPI, WEST rated "hold" on avg, DEVY rated "buy" - data compiled by LSEG

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian miner Hindustan Zinc HZNC.NS gains 4.8% to 439.25 rupees; set for best day in nearly 3 months

** Spot silver XAG= rose 2% to $40.44 per ounce, the highest since September 2011 GOL/

** Silver metal operations contributed ~19% to HZNC's June-quarter revenue

** Stock top pct gainer on Nifty metal index .NIFTYMET, which is up 1.2%

** About 5.8 million shares traded, 3.2x the 30-day avg

** YTD, stock down ~1%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of RBL Bank RATB.NS gain 4.3% to 261.65 rupees; set for best day since early-July

** Societe Generale SOGN.PA net bought 3.3 million RATB shares for 250.57 rupees apiece via bulk deal, exchange data showed

** About 28.2 million shares traded, 2.3x the 30-day avg

** Stock still down 1.9% so far in August, set to snap five straight months of gains

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of SMS Pharmaceuticals SMSP.NS jump 7.4% to 248.48 rupees; set for best day since late-April

** The U.S. FDA concluded inspection at its Hyderabad facility in Telangana state with no observations

** Stock on track for busiest trading session in two months, volumes at 7.7x the 30-day avg

** Year-to-date, stock up 4%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of mining and infra co GOCL Corp GOCL.NS dip 3.3% to 384.25 rupees; set to snap four straight sessions of gains

** On Friday, Hinduja Capital, co's large shareholders' group offloaded 800,000 shares priced at 389.58 rupees apiece, exchange data showed

** A large shareholders' group is known as promoters or promoters' group in India

** Hinduja Capital held 72.82% stake or 36.1 million shares in GOCL, as of June 30

** Session's losses trim YTD gains to ~6%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's top carmaker Maruti Suzuki MRTI.NS up 10.4% so far in the week, on track to log its biggest weekly gain since March 2022

** MRTI, the country's biggest seller of small petrol cars climbed ~9% on Monday after the government's plans of sweeping tax cuts, including lower goods and services tax (GST) on small cars

** The plan includes lowering GST on small cars to 18% from 28%, among other changes; plans to be announced by Diwali festival in October

** Analysts at Nomura estimate a 5-10% boost to auto demand from the cuts

** Around 68% of MRTI's portfolio is taxed at the 29% slab and the reduction of the rate to 18% implies high upsides for the stock - Nomura

** Stock biggest weekly gainer on the auto index .NIFTYAUTO, which is up 5% in the period; index on track for best week in three months

** Share of MRTI were trading 0.5% higher on the day, while auto index was down 0.2%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Prince Pipes and Fittings PRCE.NS climb 5.5% to 346.5 rupees; their highest level in over a month

** Motilal Oswal analysts say domestic pipes sector is at the cusp of recovery, citing a gradual uptick in prices after an anti-dumping duty on PVC pipes imports and improved demand

** Expects growth momentum to recover from Q2FY26 onwards; adds product prices have bottomed out, and non-integrated pipe firms like PRCE are likely to be key beneficiaries

** Add, PRCE margins expected to improve sequentially in Q2, to reach 12% by Q4

** PRCE posted 8% EBITDA margins in Q1FY25

** Brokerage rates PRCE "Buy", TP at 440 rupees - reflecting a 25.4% upside on last close

** Stock rated "Buy" on avg, median PT at 350 rupees - data compiled by LSEG

** PRCE is down 19% so far in 2025

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Aug 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - DECLARED AS L-1 BIDDER BY KARNATAKA POWER TRANSMISSION CORPORATION

• PROSTARM INFO SYSTEMS - PROJECT WITH YEARLY RENTAL OF 457.2 MILLION RUPEES

Source text: ID:nnAZN4E40M7

Further company coverage: PRON.NS

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** Shares of Deepak Nitrite DPNT.NS drop about 3% in two sessions; down 2.03% on the day

** Co posted weak quarterly results, sending shares down as much as 5.3% on Thursday

** At least 8 brokerages have cut price targets post results, while at least 5 downgraded the stock, as per data compiled by LSEG

** Mean PT of 18 brokerages on stock has reduced to 2,087.05 rupees from 2,145.58 rupees a month ago - LSEG

** Emkay Research analysts say results came below estimates with chemical prices under pressure for last 3 quarters; adds, prices remain under pressure and headwinds persist

** Analysts at PL Capital flag sustained pressure on margins hurt by cheap imports in the country

** DPNT cut FY26 capex plan to 8-10 billion rupees from 12-15 billion rupees, brokerage Ambit Institutional Equities sees this as "discouraging"

** Stock is rated "hold" on avg, median PT at 2,028 rupees - LSEG

** Year-to-date, stock down 27%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))