TLDR
Market Recap: September 3, 2025
Indian equity markets ended September 3, 2025, on a strong note, with the Sensex rising 409.83 points to 80,567.71 and the Nifty climbing 135.45 points to 24,715.05, driven by optimism over the GST reform and supportive global cues. Robust gains in metals, pharmaceuticals, and public sector banks fueled the rally, while IT and Media lagged; overall market capitalization increased by nearly ₹3 lakh crore during the session.
Key Drivers :
GST optimism: Market sentiment soared on expectations of favorable GST Council decisions, potentially rationalizing tax slabs and boosting consumer demand.
Metals rally: Metal stocks surged (+3.1%) after China signaled tighter steel output, sparking hopes for improved pricing power among Indian producers.
Global tailwinds: Supportive global cues and lower volatility contributed to broad gains, while the IT and Media sectors underperformed.
Today’s Top Stories:
ITC Q2 Earnings: Profit Rises 1.8%: ITC’s profit and revenue increased, driven by solid performance in cigarettes and FMCG, but shares slipped post-results.
Ashok Leyland’s ₹5,000 Crore EV Battery Plan: Ashok Leyland to invest ₹5,000 crore in battery localization, boosting India’s EV ecosystem via China partnership.
Adani Power Gets Dhirauli Mine Approval: Adani Power secures government nod to start coal mining at Dhirauli, ensuring decades of fuel supply.
Urban Company Announces IPO Price Band: Urban Company sets IPO price at ₹98–103/share, highlighting strong turnaround and growth in home services.
UPL Subsidiary Acquires Decco for $502 Million: UPL’s acquisition of Decco Post-Harvest expands agri-tech leadership and global post-harvest business.
TOP STORIES
1. ITC Q2 Earnings: Steady Growth
DALL-E
Key financial metrics: ITC reported Q2 FY25 consolidated net profit of ₹5,054 crore, up 1.8% YoY; revenue jumped 15.6% to ₹22,282 crore.
Strategic implications: The company saw broad-based recovery in all segments, with strong momentum in its staple cigarettes business and growth in FMCG and hotels despite cost pressures.
Market reaction: ITC shares dipped 1.81% on profit booking after results were announced.
Consolidated profit up 1.8% YoY to ₹5,054 crore and revenue up 15.6%; shares dipped on profit booking. Your view?
2. Ashok Leyland’s EV Battery Investment
DALL-E
Key financial metrics: Ashok Leyland will invest over ₹5,000 crore (USD 565 million) over the next 7–10 years in battery localization and manufacturing in India.
Strategic implications: Partnership with China’s CALB aims to scale battery capacity, foster innovation, and cater to both automotive and energy storage segments. The plan aligns with India’s green mobility push.
Market reaction: Brokerages optimistic, citing this as a boost for Ashok Leyland’s EV ambitions; Citi and Nomura maintained Buy ratings.
Battery localization plan over 7–10 years with CALB partnership. What is your stance?
3. Adani Power Gets Nod for Dhirauli Mine
DALL-E
Key financial metrics: Adani Power received government approval to commence operations at the Dhirauli coal mine in Madhya Pradesh, with a peak rated capacity of 6.5 MTPA.
Strategic implications: This move strengthens Adani Power’s raw material security and enables supply to the nearby Mahan plant; supports expansion and long-term operational stability.
Market reaction: Considered a pivotal milestone by management, providing decades of supply and boosting investor confidence in fuel security.
Green light for 6.5 MTPA mine to supply the Mahan plant. How do you view it?
4. Urban Company IPO Price Band Announced
DALL-E
Key financial metrics: Urban Company’s IPO price band set at ₹98-103/share; IPO opens September 10-12. FY25 projected revenue is ₹11,445 million, net profit ₹2,400 million after turnaround.
Strategic implications: The IPO reflects robust growth across home services, operational efficiency, and increased profitability. Expansion into more cities supports scaling.
Market reaction: High demand expected for an innovative tech-driven platform, but investors urged to conduct governance and valuation checks.
Issue opens Sep 10–12 with FY25 turnaround guidance. Your call?
5. UPL Acquires Decco Post-Harvest Business
DALL-E
Key financial metrics: UPL’s subsidiary to acquire Decco Post-Harvest for $502 million (₹4,420 crore), expanding its agri-tech portfolio.
Strategic implications: The acquisition enhances UPL’s technology and reach in post-harvest solutions, targeting global supply chain improvements.
Market reaction: The deal signals UPL’s ambition to lead in post-harvest advances, with investors expecting long-term synergy benefits.
Deal expands post harvest tech and global reach. What is your outlook?
GYAANI HOT TAKES
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