Markets are likely to open on a positive note, driven by a global market rally after US Federal Reserve Chair Jerome Powell hinted at the possibility of interest rate cuts in the coming months, and Gift Nifty is currently up by 0.4%. There is growing anticipation that the Fed may implement a rate cut by 25bps in its September policy meeting.
Domestically, a major boost comes from the GST reform initiative announced by Prime Minister Narendra Modi. Backed by the Group of Ministers (GoM), the proposal aims to simplify the tax structure to just two slabs-5% and 12%-replacing the existing 18% and 28% rates. GST Council will be held on September 3 and 4, 2025, at New Delhi, as Centre pushes for GST reforms.
On Friday, US indices surged 2% to close at record highs and were positive opening in Asian markets after the Fed’s dovish stance.
Fundamental Stock Ideas For Today By Chandan Taparia of Motilal Oswal
KPIT Technologies
CMP: Rs 1,197, TP: Rs 1,600, 34% Upside, Buy
KPIT is a pure-play automotive ER&D specialist, helping global OEMs accelerate their shift toward SDVs. With deep expertise in embedded software, architecture consulting, and middleware integration, KPIT has formed strategic partnerships with notable OEMs.
Revenue grew from USD304m in FY20 to USD691m in FY25 (~18% CAGR) and is projected to reach USD1b by FY28E, posting ~15% CAGR over FY25-28E. This growth is driven by rising software complexity, accelerating SDV adoption, and vendor consolidation trends among OEMs. We believe that a turnaround in the automotive investment cycle could lead to an upside to these numbers.
This should also help margins expand: we expect EBIT margins to expand from 17.1% in FY25 to 19.0% in FY28E. We initiate coverage with a BUY rating and a TP of INR1,600, valuing KPIT at 40x FY27E EPS, which implies a PEG of ~2x on a ~19% EPS CAGR over FY25-28E. We believe KPIT is among the best-positioned players to benefit from the long-term automotive software opportunity.
Godrej Properties
CMP: Rs 2053, TP: Rs 2843, 39% Upside, Buy
Godrej Properties sells homes worth over INR 1,000 Crore at the launch of its project Godrej Regal Pavilion in Hyderabad.
GPL achieved a 50% CAGR in presales during FY21-24. In FY25, GPL exceeded its full-year pre-sales guidance by 9% to INR294b, up 31% YoY. This demonstrates the company’s strong pipeline and its ability to consistently deliver high sales performance across its portfolio.
Despite the higher base from previous years, GPL will sustain 9% volume growth over the medium term. With a project pipeline of ~100-110msf set to generate cumulative presales of INR660-700b during FY2627, the company is poised for continued success.
We believe GPL will continue to surprise on growth, cash flows, and margins, given its strong pipeline and healthy realizations, which have been key concerns for investors.
Nippon Life India Asset Management
CMP: Rs 865, TP: Rs 930, 8% Upside, Buy
AMFI is collaborating with India Post to train one lakh postmen as mutual fund distributors, aiming to double the investor base. The initiative will initially focus on Bihar, Andhra Pradesh, Odisha, and Meghalaya, targeting 20,000 new distributors in the first year. This expansion seeks to increase mutual fund penetration in smaller towns and rural areas, leveraging India Post’s extensive network.
Nippon Life India AMC (NAM) ranks among the top 10 AMCs, demonstrating the fastest QAAUM growth with a 27% YoY increase to INR6.1t as of Jun’25. This growth has boosted its overall market share to 8.5%, marking a rise of 23bp QoQ (the highest since Jun’19). The performance was supported by consistent net inflows, strong SIP traction, and a healthy equity mix (46.9% as of Jun’25).
NAM is strategically scaling its Specialized Investment Fund (SIF) platform as a high-potential, standalone business focused on differentiated, alpha-generating strategies. Backed by a dedicated team and strong management commitment, the SIF vertical is being positioned as a key long-term growth engine.
Technical View
NIFTY (Bearish – CMP : 24870) : Nifty immediate support is at 24700 then 24600 zones while resistance at 25150 then 25250 zones. Now it has to cross and hold above 25000 zones for an up move towards 25150 then 25250 zones while supports have shifted lower to 24700 then 24600 zones.
BANK NIFTY (Bearish – CMP : 55149) : Bank Nifty support is at 55000 then 54500 zones while resistance at 55555 then 55750 zones. Now till it holds below 55555 zones some weakness could be seen towards 55000 then 54500 levels while on the upside hurdle is seen at 55555 then 55750 zones.
Technical Stock Ideas For Today By Chandan Taparia of Motilal Oswal
TORNTPHARM
Recommendation: Buy, CMP: Rs 3685, Stop-loss: Rs 3565, Target: Rs 3950, Duration: Weekly
- Retested breakout from support zones.
- Strong bullish candle.
- Respecting 20 DEMA zones.
- Rising volumes visible.
- RSI momentum indicator positively placed.
- We recommend to buy the stock at CMP Rs 3685 with a SL of Rs 3565 and a TGT of Rs 3950.
Derivative View
Option Buying : Buy Nifty 24850 Put if it holds below 25000 zones. Buy Bank Nifty 55500 Put till it holds below 55555 zones.
Option Strategy : Nifty Bear Put Spread (Buy 24850 PE and Sell 24700 PE) at net premium cost of 45-50 points. Bank Nifty Bear Put Spread (Buy 55000 PE and Sell 54600 PE) at net premium cost of 100-120 points.
Option Writing : Sell Nifty 24300 PE and 25350 CE with double SL. Sell Bank Nifty 54200 PE and 56300 CE with strict double SL.