GLOBECIVIL

** 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)

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** UBS raises rating on India's Dixon Technologies DIXO.NS to "buy" from "neutral" earlier, hikes price target to Street high of 23,000 rupees ($259.39) from 13,000 rupees

** New PT reflects a ~27% upside on last close

** DIXO shares rose as much as 1.7% to 18,471 rupees, hitting their highest level since early January

** UBS says co's backward integration into non-semiconductor smartphone components will likely aid 110-basis-point improvement in EBITDA margins by FY28

** Expects co to deliver $11 billion revenue by FY28; sees components' expansion, steady exports, new verticals as strong growth prospects beyond FY28

** Brokerage says co's pace of inorganic growth, based on recent JVs, underscores DIXO's ability to unlock new growth drivers

** Estimates FY25-28 revenue CAGR of 36% and PAT CAGR of 46%

** Stock rated "buy" on avg, median PT at 18,311 rupees - data compiled by LSEG

** YTD, DIXO up ~2%

($1 = 88.6700 Indian rupees)

(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)

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Updates

** Nifty Auto .NIFTYAUTO rises 2.1% to record high, outperforms as 14 of 16 major sub-indexes trade in red

** Auto dealers saw increased footfalls as buyers thronged dealerships in large numbers on Monday to buy vehicles with lower price tags, PTI reports, citing Federation of Automobile Dealers Association (FADA) President C S Vigneshwar

** Sales led by Maruti Suzuki MRTI.NS and Hyundai Motor India HYUN.NS, per media reports

** Reuters could not immediately verify the reports

** MRTI up 2.3% and HYUN jumps 1.4%

** GST cut likely to trigger volume-driven upcycle in passenger vehicle industry, aiding sustained momentum in FY26 - ICICI Direct

** Brokerage's top picks MRTI and Mahindra MAHM.NS, which is up 1%; notes volume boost reflects "pent-up demand and strategic consumer response to pricing advantages"

** NIFTYAUTO gains led by MRTI, among top gainers on Nifty 50 .NSEI, which is down 0.3% .BO

** Most stocks on 15-member subindex up

** YTD, NIFTYAUTO up nearly 20% vs Nifty 50's 6% rise

(Reporting by Manvi Pant in Bengaluru)

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Sept 19 (Reuters) - Globe Civil Projects Ltd GLOV.NS:

• GLOBE CIVIL PROJECTS LTD - SECURES 131.1 MILLION RUPEES EPC CONTRACT

Source text: ID:nBSEbzFMqJ

Further company coverage: GLOV.NS

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** 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;))

** Indian construction firm NCC NCCL.NS gains as much as 4.8% to 222.31 rupees, last up 2.3%

** Co gets order worth 20.91 billion rupees ($237.3 million) to build water infrastructure, including dam structures and irrigation channels in Bihar state

** About 7.8 million shares of NCCL traded, 2.7x the 30-day avg

** Stock rated "buy" on avg, same as peer PNC Infratech PNCI.NS - data compiled by LSEG

** YTD, NCCL down ~21%, PNCI down 8%

($1 = 88.1237 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of automotive components maker Sterling Tools STTL.NS jump 4.7% to 346.7 rupees

** This is stock's highest level since late-July

** Co's unit signs license and supply agreements with China's Landworld Technology to locally manufacture products used in electrification in passenger and commercial vehicles

** Partnership is expected to generate 4.5 billion rupees ($51 million) revenue by FY30, co says

** About 360,000 shares of STTL traded, 4.4x the 30-day avg

** Stock down ~40% so far in 2025

($1 = 88.2150 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Jefferies says speculation over shifting index expiries to fortnightly or monthly and aligning them on the same day could have varied impacts on India's BSE BSEL.NS and Nuvama Wealth NUVA.NS.

** Says keenly monitoring India market regulator board meeting, due later in the day

** Adds BSEL, NUVA stocks have priced-in speculations regarding the changes, stocks down 20%, ~23% since June-end; reports on the changes first started in early-July

** Share price of both BSEL and NUVA can fall further in case of monthly expiry scenarios - Jefferies

** YTD, BSEL up 24%, NUVA down ~8%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of power generation major Adani Power ADAN.NS gain 2.6% to 650.75 rupees

** Co bagged an order from MP Power Management Company to set up an 800-gigawatt (GW) coal power plant in Madhya Pradesh state

** Cumulative order value from MP Power Management Company to ADAN now stands at 210 billion rupees ($2.38 billion)

** Stock eyes busiest trading session since mid-Jan, volumes at 13.5x the 30-day avg

** Stock up ~23% so far in 2025

($1 = 88.1260 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Indian textile firms jump after U.S. President Donald Trump says his administration is continuing negotiations to address trade barriers with India

** Trump and Prime Minister Narendra Modi will likely talk in "upcoming weeks," raising hopes of a deal after weeks of discord

** Welspun Living WLSP.NS leads gains, up 8.6%, followed by Gokaldas Exports GOKL.NS, up 6.8%

** Vardhman Textiles VART.NS, Arvind ARVN.NS, KPR Mill KPRM.NS rise 5%, 3.3% and 2.1%, respectively

** Alok Industries ALOK.NS, Trident TRIE.NS and Indo Count ICNT.NS up 5.4%, 5.3% and 5.5%, respectively

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.; the country is the biggest market for India's garment exporters

(Reporting by Manvi Pant in Bengaluru)

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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)

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** Shares of consumer electronics retailer Aditya Vision ADIV.NS decline 6.5% to 457.85 rupees, set for worst day in nearly 7 months

** ADIV shares traded hands in eight block deals at price range of 459.85-462.55 rupees per share - data compiled by LSEG

** Block deals at 5.5%-6.1% discount on last close

** Stock on track to log busiest trading session on record, volume at 25.2x 30-day avg

** ADIV down 10% so far in 2025

(Reporting by Manvi Pant in Bengaluru)

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** CMS Info Systems CMSN.NS rises 2.4% to 420 rupees; set for best session in more than three weeks

** State-run India Post Payments Bank awards contract to co to replace fleet of 1,000 ATMs and cash dispensers, Economic Times reports, citing Chief Business Officer Anush Raghavan

** Co did not immediately respond to Reuters' request for comment

** Stock rated "buy" on avg; median PT at 580 rupees, per data compiled by LSEG

** YTD, CMSN falls ~14%

(Reporting by Manvi Pant in Bengaluru)

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** Jefferies replaces Aditya Birla Real Estate AITE.NS with automaker Mahindra & Mahindra MAHM.NS in long-only India equity portfolio rejig

** AITE is up 183% since the investment in July 1, 2021 - Christopher Wood, Jefferies' global head of equity strategy, writes in GREED & Fear report

** New 4% weighting in MAHM based on passenger vehicles market share gains on new launches, favorable SUV demand shift - referring to Jefferies' Aug 27 note

** Adds, MAHM was No. 2 auto parts maker in Q1FY26 with 15% market share, behind Maruti Suzuki MRTI.NS

(Reporting by Manvi Pant in Bengaluru)

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** 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)

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** Indian solar module maker Vikram Solar VIKO.NS surges about 9% on first day of trading

** Stock opened at 338 rupees, 1.8% higher than issue price of 332 rupees; last up 8.86%

** Its 20.79 billion rupee (~$238 million) IPO was subscribed 54.63 times, led by 142.79x bids from qualified institutional buyers

** Co valued at 131.79 billion rupees ($1.51 billion), as of 10:28 a.m. IST

** IPO consists of fresh shares worth 15 billion rupees and shareholders offloading 5.79 billion rupees of shares

** Proceeds from the issue will be used to fund expenses and invest in subsidiary VSL Green Power

($1 = 87.5060 Indian rupees)

(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)

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** 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)

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** 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)

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** Hindustan Aeronautics (HAL) HIAE.NS rises 2.1% to 4,545 rupees

** Government approves order for 97 fighter jets worth 620 bln rupees ($7.12 bln) from HAL, local media reports, citing sources

** HAL did not immediately respond to Reuters' request for comment

** HIAE gains ~9% YTD

($1 = 87.1260 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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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;))

** Shares of Cohance Lifesciences COHA.NS decline 6.8% to 918.7 rupees; on track for biggest intraday pct drop since August 2022

** Pharma co posts a 35% drop in first-quarter consol net profit; rev jumps ~13% but expenses are also up 22%

** About 327,000 shares traded, 1.7x the 30-day avg

** Year-to-date, stock down ~19%

** Despite Q1 results, stock rated "strong buy" on avg, median PT is 1,235 rupees

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's Bluestone Jewellery and Lifestyle's IPO BLUT.NS fully subscribed on final day of bids

** IPO subscribed 1.14 times as of 1:27 p.m. IST; portion set aside for qualified institutional buyers subscribed 1.58x

** Shares reserved for retail investors subscribed 1.05 times

** IPO priced at 492-517 rupees per share

** Bidding closes at 5:00 p.m.

** IPO consists of shares worth 8.2 billion rupees for fresh issue; shareholders offloading 13.9 million shares

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Abbott India ABOT.NS gain as much as 2.5% to 33,800 rupees

** Pharma company's June-quarter profit and revenue each grew about 12% on-year

** Stock rated "strong buy" on avg, median PT at 35,500 rupees - data compiled by LSEG

** Year-to-date, stock up ~13%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Ceigall India CEIG.NS decline 4.2% to 247 rupees; set for worst day since early-May

** Infra firm posted a 33% y/y drop in April-June consol net profit at 531.8 million rupees ($6.1 million)

** Expenses rise 8%, while rev grew about 2%

** YTD, stock down 27%

($1 = 87.6250 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Indian refiners drop amid a 0.8% dip in benchmark Nifty 50 index .NSEI after U.S. announced additional 25% tariff on Indian goods over its Russian oil purchases .BO

** Hindustan Petroleum Corp HPCL.NS, Bharat Petroleum BPCL.NS drop 1.9% and 2.5%, respectively

** Heavyweight Reliance Industries RELI.NS declines 1.6%; co flags that continuing geopolitical and tariff-related uncertainties may affect trade flows and supply-demand balance

** Indian Oil Corp IOC.NS down 1.4%

** Sub-indexes Nifty oil and gas .NIFOILGAS and energy .NIFTYENR down 1.6% each

** Jefferies analysts say "a clean break from Russian trade on all items will be tough for India"

** Analysts flag fears over a spike in costs if India were to replace Russian crude oil with other sources

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Bharat Forge BFRG.NS shares fall as much as 2.4% to 1,132.8 rupees, lowest level in 3 months

** Stock last down 1.3%

** Auto parts maker flags "challenging" export market in FY26 due to U.S. tariffs on Indian goods

** "... we are cautious on the outlook for the U.S. exports business for the remainder of the fiscal," co's managing director, B.N. Kalyani, says

** Q1 export sales fell 12.7%; exports make up 51% of total rev from ops, which dropped 2.7%

** YTD, BFRG down 12%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))