Overview

• Ventura Securities reiterated a bullish view on One 97 Communications (Paytm) with a DCF-based target of ₹2,074, implying about 84% upside over two years, citing improving profitability metrics and the relaunch of Paytm Postpaid with Suryoday SFB and NPCI.
• Fabtech Technologies’ ₹230.35 crore IPO opened in the ₹181–191 band, while the reported grey-market premium slipped to about ₹10 on day one from ₹20 a day earlier.
• Benchmarks stayed volatile: on Sept 29 the Sensex closed at 80,364.94 and the Nifty at 24,634.90 after losing early gains, and on Sept 30 an initial jump faded within the first hour of trade.
• Fineotex Chemical approved a 40% interim dividend, a 1:2 stock split, a 4:1 bonus issue and proposed raising authorised share capital to ₹120 crore.
• Deal flow and capital actions continued as Servotech won a ₹13 crore, 3 MW rooftop solar order from North Central Railway; Harshil Agrotech disclosed a ₹113 crore agri supply order; Kellton Tech cleared issuance of 10,058,750 shares on FCCB conversion at ₹21.2; RDB Infra moved to buy 51% of RDB Bhopal for ₹5.1 lakh; and Krishival Foods set an Oct 1 board meeting to consider fund raising with insider trading restrictions in place.