Earnings down to 10% in fourth quarter as Strait of Hormuz crisis bleeds into corporate profits, but Motilal Oswal reckons valuation reset has created entry point Indian equities are navigating their most treacherous stretch in two decades, with foreign investors yanking $15.8 billion out of the market this calendar year and a Middle East conflict … Read more
The Lucknow-based EPC company serving government and power sector clients is raising Rs 48 crore. Issue opens April 6, closes April 8. Safety Controls and Devices Limited, a Lucknow-based EPC company specialising in substations, solar plants, firefighting systems, and hospital projects for the Ministry of Ayush, is opening its SME IPO next week — April … Read more
The government has moved to cushion India’s oil marketing companies with a significant excise duty reduction and a new windfall tax on refined product exports. Which companies gain the most? Here is what Nomura says With crude oil prices surging on the back of the Iran-US-Israel conflict and pump prices held artificially stable, India’s oil … Read more
The Defence Acquisition Council has cleared a sweeping round of approvals covering missiles, strike aircraft, warships and anti-drone systems. Motilal Oswal says the sector remains a structural buy — and names its picks with price targets Even as the broader Indian market grapples with an energy shock, rising inflation and earnings downgrades, one sector is … Read more
The Iran conflict has exposed India as Asia’s most vulnerable large economy to an energy shock. Goldman Sachs says earnings could be hit. Here is the full damage assessment and the investment playbook that follows from it Of all the major Asian economies caught in the crossfire of the Iran-US-Israel conflict, India sits in the … Read more
The Jaipur-based digital solutions company is raising Rs 31.75 crore. Issue opens March 27, closes April 8 Emiac Technologies Limited, an AI-based technology and digital solutions company providing digital marketing, content creation, branding, and business automation services, opens its SME IPO tomorrow — March 27 — and closes on April 8. The company is promoted … Read more
SIP contributions hit a record high, passive AUM crosses Rs 15 trillion and retail investors stay put through the worst equity correction in years. Antique Stock Broking says the industry’s structural growth story is intact. India’s mutual fund industry has done held together while everything around it has not. Equity markets are down over 13% … Read more
The 30-year-old LV and MV electrical panel manufacturer is raising Rs 130.54 crore on NSE SME Emerge. Issue closes March 27. Vivid Electromech Limited, a Mumbai-based manufacturer of low-voltage and medium-voltage electrical panels and automation systems with over 30 years of operational history, is currently open for subscription on NSE SME Emerge and closes tomorrow … Read more
The ISO-certified digital imaging solutions company is raising Rs 21.67 crore. Issue closes March 27. Highness Microelectronics Limited, a manufacturer and assembler of digital imaging and display solutions for defence, medical, industrial, and railway applications, opens its SME IPO today on BSE SME and closes on March 27. The company, which holds ISO 9001:2015 and … Read more
The Nifty is down 12% year-to-date. Crude has been elevated for four weeks. Berstein just published a note that every India investor needs to read and it maps out where this could end across four different scenarios. The Nifty is down 12% year-to-date. The crude spike has entered its fourth week. Bernstein has said in … Read more