🔹 *Stocks to watch for*

PSP Projects reports that it has received work orders worth Rs 226.07 crore (Positive)

Sagar Cements August sales are up by 24 percent at 247,051 MT versus 199,179 MT (Positive)

Nandan Denim receives sanction of subsidy under the Gujarat State Textile Policy (Positive)

Persistent Systems U.S. arm acquires Boston-based data company Herald Health. (Positive)

Jindal Stainless mulls increasing its foreign portfolio investor investment limit to 100 percent (Positive)

Welspun Corp board approves the merger plan pf Welspun Pipes with self. (Positive)

Kirloskar Ferrous has been declared as a preferred bidder in the auction of Bharath Mines (Positive)

Housing & Urban Development Corp: 1Q net income 3.33b rupees vs 1.62b year ago (Positive)

Srei Infrastructure: 1Q net income 1.4b rupees vs 652m yr ago (Positive)

Aurobindo Pharma gets USFDA nod for HIV drugs Efavirenz, Emtricitabine & Tenofovir (Positive)

Supreme Court relaxes the blanket ban it had imposed on construction activity in Maharashtra & Uttarakhand (Positive)

IG Petrochemicals promoter group sold 10.2 lakh shares on Sept. 3. (Negative)

Bharti Infratel: Company, Indus Got Exit Notices for 27,447 Co-Locations (Negative)

JPMorgan on NMDC: Upgraded to ‘Overweight’ from ‘Underweight’; raised price target to Rs 145 from Rs 130, implying a potential upside of 30 percent from the last regular trade. (Positive)

Inox Leisure Upgraded to Buy at ICICIdirect.com; PT 275 Rupees (Positive)

CLSA on Reliance Industries: Maintained ‘Buy’; raised price target to Rs 1500 from Rs 1365, implying a potential upside of 22 percent from the last regular trade. (Positive)

Nomura on Tata Motors: Maintained ‘Buy’ with a price target of Rs 356, implying a potential upside of 34 percent from the last regular trade. (Positive)

Credit Suisse on Bharat Forge: Maintained ‘Outperform’ with a price target of Rs 750, implying a potential upside of 13 percent from the last regular trade. (Positive)

Antique on BEL: Maintained ‘Buy’; cut price target to Rs 146 from Rs 175, implying a potential upside of 54.5 percent from the last regular trade. (Neutral)

Morgan Stanley on Zee Entertainment: Downgraded to ‘Underweight’ from ‘Overweight’; cut price target to Rs 410 from Rs 610, implying a potential downside of 15 percent from the last regular trade. (Negative)

Credit Suisse on Avenue Supermarts: Maintained ‘Underperform’ with a price target of Rs 1,150, implying a potential downside of 26 percent from the last regular trade. (Negative)

UBS on BEL: Maintained ‘Sell’; cut price target to Rs 95 from Rs 115, implying a potential upside of 0.5 percent from the last regular trade. (Negative)

Axis Cap downgrades to SELL rating on BEL, Cut Price Target To Rs 64 (Negative)