DATE4 Sept
NIFTY 23,898 0.10%BANK NIFTY 57,370 0.02%NIFTY IT 30,695 0.47%NIFTY PHARMA 26,478 0.68%NIACL 230 17.70%KEI 4,850 8.95%TEJASNET 614 8.23%WOCKPHARMA 2,089 7.08%AFFLE 1,616 6.40%PINELABS 166 6.31%RRKABEL 2,454 6.25%SPLPETRO 771 6.23%IGL 158 5.77%POLYCAB 8,300 5.76%NIFTY 23,898 0.10%BANK NIFTY 57,370 0.02%NIFTY IT 30,695 0.47%NIFTY PHARMA 26,478 0.68%NIACL 230 17.70%KEI 4,850 8.95%TEJASNET 614 8.23%WOCKPHARMA 2,089 7.08%AFFLE 1,616 6.40%PINELABS 166 6.31%RRKABEL 2,454 6.25%SPLPETRO 771 6.23%IGL 158 5.77%POLYCAB 8,300 5.76%
Morning brief · Saturday, 5 September 2026

Visaka Industries eyes fourth quarter turnaround as rural demand improves

Market pulse
While the Nifty ended flat to cap a quiet session, individual stocks saw dramatic action. The New India Assurance Company jumped 17.7 percent, whereas KEI Industries fell 8.95 percent.
From the investor's mind
One post worth your time, explained
Ishmohit Arora (SOIC)
@soicfinance · on X
Indian capital goods companies with exposure to the Middle East's capital expenditure and rebuilding efforts are experiencing a massive surge in orders. In contrast, geography and specific end customers dictate divergent fortunes, as line pipe manufacturers in India are currently struggling because the Indian government has not been releasing payments on time. Through this stark contrast, Ishmohit Arora of SOIC highlights how a business's success is heavily dependent on its geographic exposure and the payment reliability of its primary client base rather than just its sector.
Word in the street
What the wider market is buzzing about
Visaka Industries Limited
91Past year 10%M.cap ₹805 Cr
Market participants are closely watching Visaka Industries Limited, an 805 crore market cap company whose stock rose 9.55 percent over the past year. Investors are discussing a turnaround starting in the fourth quarter of 2026, supported by improving rural demand and rising operating margins. While Building Products revenue grew over ten percent, discussions also focus on raw material imports. To counter Black Sea shipping issues, Visaka is diversifying its chrysotile fibre sourcing from Russia to Brazil and Kazakhstan. With operating margins climbing from 3.7 percent to 15 percent, the company appears to be successfully passing on these rising import costs.
Know more about the stock
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The stock market is always right. Never time the markets.
Rakesh Jhunjhunwala
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