Market View 8th September, 2025

View on market: Volatility persists, eagerly searching for growth:

Asian markets opened with mixed movements. Japanese shares gained strongly after Prime Minister Shigeru Ishiba announced his plan to step down, which also pushed the yen lower against the dollar. South Korean stocks advanced modestly, while Australian shares declined in line with weakness seen on Wall Street. Hong Kong equities moved higher, reflecting regional optimism. Futures trading in the United States and Europe pointed to early gains, suggesting a positive start to the new week for global markets. On Wall Street, trading on Friday was choppy. The S&P 500 eased slightly as selling in large technology companies, including Nvidia, outweighed strength in Broadcom. The Nasdaq managed a small rise, while the Dow slipped. In India, domestic indices ended almost unchanged after fluctuating during the session. Despite the flat close, the weekly trend remained positive with broad strength across most sectors. Looking ahead, investors will watch key events including a BRICS virtual summit and an industry event in New Delhi.

Economic Calendar:

• USD: Mortgage Market Index Data on 10^th September 2025.
• IND: Bank Loan and Deposit Growth Rate on 12^th September 2025.
• USD: Core PPI (MoM) (YoY) (Aug) Data on 10^th September 2025.
• IND: CPI on 12^th September 2025.

Company	Open	Close	Price (Rs/-)	View
Urban Company Ltd	Sept 10th	Sept 12th	98-103	May Apply

Brokerage Radar:

CITI ON SWIGGY:

Maintains Buy, TP at Rs 465, QC margins break-even expected in 2-4 quarters, Rapido stake sale on track, QC economics to improve via mature store network, Medium-term adj. EBITDA margin target: 4-5%, FD margins expanding despite GST on delivery charges, Majority of FD orders from loyalty subscribers.

CITI ON SAMVARDHANA MOTHERSON:

Maintains Sell, TP at Rs 75, Vision 2030 revenue goal: USD 108bn vs. USD 25.7bn in FY25 1000, ROCE target: 40% vs. 18.4% in FY25, Transformation into D.E.Μ.Α. (Design, Engineering, Manufacturing, Assembly), Plans expansion into new industries, geographies & products via acquisitions.

NUVAMA ON CEAT:

Upgrades to Buy (from Hold), Target Price Rs 3,900, Camso acquisition: revenue run-rate USD 130-150mn, utilisation at 50%, Camso EBITDA margin in low teens; scope to rise to 20% medium term, Acquisition payment schedule: USD 138mn paid, USD 43mn due FY27E, USD 44mn due FY29E, Forecasting revenue/EBITDA CAGR of 12%/19% over FY25-28E.

JM ON ANGEL ONE:

Initiating coverage: Target Price Rs 2700, Buy rating, Agile business machinery with a strong promoter provides comfort, Willingness and ability to capitalise on adjacencies, Saw strong growth across parameters with client base growing at 68% CAGR, net revenue at 80% CAGR, and PAT at 90% CAGR over FY20-FY24, Despite regulatory changes with concerns around retail losses in the derivatives segment and other regulatory changes.

International Markets:

U.S & Europe:

*As per 08^th September.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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