Star Cement trims FY27 volume guidance on Assam floods, but holds its capex plan steady Construction & Materials
Star Cement cut FY27 cement volume-growth guidance to ~8-9% YoY from ~11-12% after July volumes fell ~12% YoY on Assam flooding, with fuel costs also up sharply; ICICI Securities trimmed its target to Rs 251 but kept a Buy. Management calls the miss weather-driven and expects a September/H2 rebound on an easier comp, and left its Rs 500cr (FY27)/Rs 1,500cr (FY28) North-India capex plan unchanged -- a bet the demand hit is transitory, not structural. This is the last scheduled deep-research session on this name.
No TCS chairman successor named yet; Tata Trust only now forms a Selection Committee Information Technology
Nearly a month after N. Chandrasekaran said he would not seek reappointment when his term ends Feb 2027, the Sir Dorabji Tata Trust has set up a Selection Committee to recommend a candidate; reported internal contenders include Tata Steel CEO T V Narendran, Tata Sons CFO Saurabh Agrawal and NSE MD Ashish Chauhan. Still consistent with an orderly handover, but too early to call the open succession-risk claim resolved either way.
Maruti's soft August sales and fresh price hikes add to the case for a BUY->HOLD downgrade Automobiles
Maruti's total vehicle sales fell month-on-month in August with exports down 7.4% YoY, and the company is raising prices by up to Rs 30,000 from August citing input-cost inflation -- incremental negative evidence ahead of the stock's pending BUY->HOLD call flip, though not a decisive resolution on its own.
Unsolicited $1.10/share tender for ~31% of Yatra shares set to expire Sept 17 Hospitality & Tourism
Magna Holdings has launched an unsolicited tender offer for up to 20 million Yatra Online shares (~31% of shares outstanding) at $1.10/share, expiring midnight NYC time Sept 17, 2026 -- a governance-relevant development worth tracking ahead of Yatra's pending BUY->QUALITY-WAIT call review, though its market implications are unclear from the single source found so far.
New India Assurance jumps ~17% on NSE-IPO speculation, not its own fundamentals Financial Services
New India Assurance surged to a 52-week high on a six-fold volume spike, driven by anticipation of the NSE's own upcoming IPO rather than any NIACL-specific catalyst -- a reminder that today's FINANCIAL_SERVICES dispersion mover reflects speculative flow, not a change in the sector's or the company's outlook.