#GOLDMAN SACHS ON #INDUSTOWERS • Downgrade to Sell from Neutral; Hike target price to Rs 350 from Rs 220 • Disconnect between fundamentals and valuations • See Indus' re-rating as overdone • See limited visibility on the medium/long term growth outlook for Indus

#UBS ON #OMCS • Integrated margins going strong; remain positive on IOCL and BPCL • Spot integrated margins are elevated at Rs 16.2-17/ltr • Think OMCs will take a longer view and are unlikely to materially change retail fuel prices

MEDIA REPORTS -ve for Paytm Govt is Likely To Impose 18% GST on Income of PGs for Transactions Below ₹2000 PG is payment gateway fees

ACTION FOR DAY U.S: nonfarm payrolls, Fed’s balance sheet, Baker Hughes oil rig coun Gensol Engineering to mull fundraising VST Industries to mull bonus issue AGM : Godfrey Phillips, MTAR Tech, Petronet LNG, Baazar Style Retail to list on D-Street (7-12% premium)

Ecos (India) Mob & Hosp L PLUTUS WEALTH MANAGEMENT LLP Bought 4,29,425 shares @ 473.1/sh Max Fin Serv Ltd MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED sold  1,10,00,000 shares @ 1,107.37/sh

Bharat Forge/ GNA Axles in Focus August preliminary North America Class 8 net orders were 16,400 units, up 22% m/m but down 16% y/y Historically, August is the last month of weak orders before the OEMs open their books to next year’s orders

Dreamfolks Company forays into Highways Introduces its latest service, highway dining for travellers. HIGHWAY RETAIL-ONCE LARGE EXPRESSWAYS ARE MADE--WILL BE A BIG OPPORTUNITY....APART FROM DINING OTHER RETAIL OPTIONS WILL OPEN UP.

#Morgan Stanley On #IT Preference Prefer IT names over ER&D Upgrade LTIM to Overweight, Downgrade HCL Tech to Equalweight Preferred : LTIM, Infosys, Coforge Pecking order : • Infosys over TCS (both Overweight) • LTIM over HCLT, Tech Mahindra • Have Underweight on Wipro

KPIT TECH: CO SAYS MERGER OF FUTURE MOBILITY SOLUTIONS GMBH WITH KPIT TECHNOLOGIES GMBH HAS BEEN APPROVED & REGISTERED WITH COMMERCIAL REGISTER OF DISTRICT COURT, GERMANY

#SAIL ; SAIL prioritises capacity expansion, raw material security for FY25 As the infrastructure-led domestic demand remains robust, SAIL os looking to expand the crude steel production capacity from existing 19.10 million tonnes per annum (MTPA) to 35.65 MTPA by the year 31

NOTE ; TELECOS JULY DATA TO COME IN SEPT TELCOS HIKED TARIFF IN JULY MONTH CRUCIAL TO SEE JULY USERS DATA AS PER REPORTS , USERS SHIFTED TO BSNL DUE TO TARIFF HIKE

#EICHERMOTORS : Industry Saw A De-Growth Of 9% YoY In July & Aug Infrastructure Projects Not Working On Full Stream Monsoon Led To Slowdown In Growth Fundamentals Are In Place, See Good Demand With Onset Of Festive Season Industry Is Expected To Perform Better H2 Onwards

#YATRA ONLINE ON #GLOBETRAVEL ACQUISITION Acquisition accelerates mix shift towards B2B. Adds annual GMV of INR 7830 million taking total B2B GMV > 50% of Total Yatra GMV Acquisition to be immediately accretive

The government is set to launch a golden hour treatment scheme for road accident victims. In a shift of policy, the government will now cover the costs of cashless treatment for accidents involving uninsured vehicles, providing relief to insurers- etnow

#BAZAAR STYLE RETAIL : -SAYS Growing At A CAGR Of 33%, Intend To Grow At The Same Rate • Margin Expected To Improve Vs FY24 Level • Expect A Better Working Capital Cycle • There Is A Gap Of 1% Between Margin Of Private & Regular Label • May Add More Than 33 Stores In FY25

Videocon-ICICIBank Loan Fraud Case: Supreme Court issues notice to Chanda Kochhar on CBI's plea against Bombay High Court order that declared Kochhar's arrest illegal.