Stocks in News & Key Economic Updates 04th Sept 2025 by GEPL Capital
Stocks in News
* APTUS VALUE HOUSING FINANCE: Westbridge plans to sell its entire 16.5% stake, comprising 82.3 million shares, via a block deal at Rs.316 per share, a 5% discount to the current market price.
* CAMPUS ACTIVEWEAR: The company acquired land and building of Nainipanel Industries in Uttarakhand for Rs.74.75 crore to expand capacity for semifinished goods (Upper) and footwear assembly.
* BHEL: The company accepted a Rs.2,600 crore Letter of Intent from MB Power (Madhya Pradesh) Ltd. to supply Boiler, Turbine, and Generator for the 1x800 MW Anuppur Power Project.
* RAILTEL: The company received a Rs.14.94 crore work order for SITC of IPbased CCTV surveillance at the Ministry of Home Affairs.
* PRESTIGE ESTATES: The company’s arm received a GST show cause notice for Rs.160 crore, alleging non-payment, short payment of GST, and nonreversal of input tax credit between February 2020 and March 2024.
* POLY MEDICURE: The company, through its arm RisoR Holdings B.V. in the Netherlands, is acquiring a 90% stake in PendraCare Group for Rs.188.5 crore to expand its presence in the European medical devices market.
* RELIGARE ENTERPRISES: The company received in-principle approval to issue up to Rs.1,500 crore worth of warrants at Rs.235 each, totaling 6.3 crore warrants convertible into an equal number of equity shares.
* REDINGTON: The company signed a distribution agreement with CrowdStrike to accelerate cybersecurity adoption in India, offering the AI-native Falcon platform to Redington’s customers and partners.
* MUTHOOT FINANCE: The company approved the settlement of $600 million senior secured notes due in 2030.
Economic News
• Govt delivers 'GST Diwali bonanza': Cheaper essentials, big relief on insurance premiums: India's Goods and Services Tax (GST) undergoes a major overhaul, eight years after its launch, with the GST Council approving significant rate cuts on numerous everyday items. Effective September 22nd, the new rates aim to boost consumption by shifting to a two-slab structure of 5% and 18%, abolishing the 12% and 28% rates.
Global News
• U.S. strike sinks Venezuelan vessel, kills 11 alleged cartel militants in first Caribbean crackdown move: The U.S. military struck a Venezuelan vessel allegedly carrying narcotics in the Caribbean, killing 11 suspected members of the Tren de Aragua gang, which Washington designates as a terrorist group. President Donald Trump confirmed the operation, calling it part of a wider crackdown on drug cartels, and shared drone footage of the strike, which Caracas dismissed as AI-generated. The Pentagon has not disclosed details on the drugs or the operation, and analysts questioned the legality of destroying a suspected drug boat instead of seizing it. The strike marks the first known mission since the U.S. deployed seven warships, a nuclear submarine, and surveillance planes to the southern Caribbean, a buildup exceeding normal deployments. Trump has tied Tren de Aragua to Venezuelan President Nicolas Maduro, escalating tensions as the U.S. raised its reward for Maduro’s capture to $50 million. Venezuela denies the link, saying the gang was dismantled in 2023.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.75%- 5.40% on Wednesday ended at 5.10% .
* The 10 year benchmark (6.33% GS 2035) closed at 6.5430% on Wednesday Vs 6.5658% on Tuesday
Global Debt Market:
U.S. Treasury were little changed on Wednesday, but long-dated bonds hovered just below the 5% mark as trade policy, budget deficits and the wider economy continued to weigh on sentiment. By 6 a.m. ET, the yield on the benchmark 10-year Treasury was flat at 4.279%. Yields on 20- and 30- year Treasury bonds were unchanged, holding at 4.922% and 4.974%, respectively. U.S. bond yields spiked on Tuesday as traders reacted to a Friday ruling from the federal appeals court that most of President Donald Trump’s new tariffs on imports are illegal. The ruling could force Washington to refund billions of dollars raised from the levies. “Concerns around Fed independence also contributed to the bond market moves,” Deutsche Bank’s Jim Reid said in a note on Wednesday morning. Federal Reserve Board Governor Lisa Cook has been making headlines in recent days as she attempts to have a judge temporarily block Trump from firing her from her position. On Tuesday, her lawyer hit back at the president’s reasoning for dismissing her, while almost 600 economists signed an open letter warning that her potential firing threatened the Fed’s independence from government. Investors are also looking ahead to U.S. jobs data, which will be published by the Bureau of Labor Statistics later on Wednesday. Outside of the United States, global government bonds sold off as jitters around government deficits and interest rates rippled through markets.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.5350% to 6.56% level on Thursday.
SEBI Registration number is INH000000081.
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