Market Bizzz

Brokerages remain positive on select stocks across sectors, highlighting strong growth prospects and earnings visibility.

ITC shares face scrutiny as the GST Council maintains a 28% GST on tobacco, increasing compensation cess up to 40%. Effective September 22, 2025, taxes will be based on Retail Sale Price, potentially impacting ITC’s profits. While other FMCG sectors gain tax relief, tobacco remains highly taxed due to fiscal prudence.

Urban Company is set to launch its IPO. The price is between Rs 98 and Rs 103 per share. The company plans to raise Rs 1,900 crore. This will be through fresh equity and an offer for sale. Subscription opens on September 10 and closes on September 12. Anchor investor bidding is on September 9.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.”

Hero MotoCorp share price: The automaker reported an 8% YoY rise in August sales to 5.54 lakh units. Motorcycles and scooters both saw growth, while exports surged 72%. The company also highlighted steady electric sales and festive season optimism.