Category: Blog

Polyplex Corporation, a leading manufacturer of plastic film substrates like BOPET, BOPP, CPP, and blown PP/PE, is known for producing a wide range of specialized products used in electrical, electronic, packaging, and other industrial applications. It is unique in being the only company globally with resin factories at all of its manufacturing sites. Over the…

The Mangal Compusolution IPO has attracted significant investor attention, closing with a massive 35 times oversubscription. Retail investors showed strong demand, causing their reserved portion to be oversubscribed by 47 times. The IPO, which opened on November 14, 2024, on the BSE SME platform, was met with bids for over 11.85 crore shares against an…

Surya Roshni: Double Rewards for Investors Surya Roshni Ltd., a small-cap company in the iron and steel products sector, has announced two major rewards for its investors: a 1:1 bonus issue and a 50% interim dividend. Despite these announcements, the company’s Q2 FY25 earnings showed a significant decline, which may keep its stock price in…

India’s IPO market has shown remarkable activity in 2024, with companies collectively raising over ₹1.19 lakh crore, positioning the country as the second-largest IPO market globally after the United States, which raised US$26.3 billion. This strong momentum is expected to continue, with several notable IPOs set to launch in the week starting November 18, 2024.…

Global brokerage CLSA has shifted its focus back to Indian equities, reversing a recent tactical reallocation to China. This decision reflects evolving geopolitical dynamics, economic conditions, and market opportunities. Below is a detailed summary of CLSA’s rationale and insights: CLSA’s Shift Back to India Challenges in China’s Market Indian and Chinese Market Performance CLSA’s Indian…

On Thursday, the Nifty closed slightly down at 23,533 after a day of tight consolidation. The India VIX, a volatility measure, dropped by 4.27% to 14.77, signaling a decrease in market volatility. This decline in VIX suggests a cautious market, even though sentiment remains mildly optimistic. The Bank Nifty also began the day flat to…

The NTPC Green Energy IPO, valued at ₹10,000 crore, is set to open for subscription from November 19 to November 22, 2024, marking one of the most anticipated IPOs in the renewable energy sector. Here are the essential details: This IPO provides a unique investment opportunity in India’s growing renewable energy sector, though the current…

Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported a 14% increase in net profit for Q2 FY25, reaching ₹1,147 crore, surpassing analysts’ expectations. The company’s revenue also rose by 11% year-on-year to ₹10,463 crore, outperforming the projected ₹10,223 crore. The EBITDA margin improved by 40 basis points, reaching 14.5%. CEO Niranjan Gupta emphasized the company’s…

Sigachi Industries Ltd. reported strong financial results for Q2FY25 and H1FY25, with significant growth in both revenue and net profit. For Q2FY25, the company recorded net revenues of ₹123.66 crore, up from ₹80.26 crore in Q2FY24. Net profit for the quarter surged to ₹21.72 crore, compared to ₹8.37 crore in the same period last year.…

Suzlon Energy’s stock experienced a 5% upper circuit on November 14, 2024, recovering from a sharp 22% drop over the previous five sessions. The stock closed at ₹56.78, with a market capitalization of ₹77,483 crore. Despite this recovery, the stock has seen significant volatility in November, but it has gained 47.56% year-to-date. Its 52-week high…