Menu

Market News

Prakash Industries Announces ₹1.5 Dividend; Multibagger Stock Confirms Record Date
Market News - June 20, 2025

Zaggle Prepaid: Ashish Kacholia-Backed Stock Delivers Multibagger Returns in Under Two Years

Zaggle Prepaid: Ashish Kacholia-Backed Stock Delivers Multibagger Returns in Under Two Years

Since its debut in September 2023, Zaggle Prepaid Ocean Services has rallied more than 160%, delivering substantial gains to early investors and gaining recognition for its solid growth trajectory, strategic expansion initiatives, and strong support from institutional investors.

Introduction
India’s capital markets have witnessed several breakout performers in recent years, but few have matched the meteoric rise of Zaggle Prepaid Ocean Services. Listed in September 2023, the company has not only outperformed the sector but has also become a multibagger, generating substantial wealth for its investors—including noted investor Ashish Kacholia. The journey of Zaggle’s stock price, underpinned by strong fundamentals and strategic growth, offers a compelling story of innovation and resilience in the fintech space.

Stock Performance: A Multibagger in Focus
Since its listing, Zaggle Prepaid shares have soared over 160%, with the price rising from its IPO levels to recent highs above ₹400 per share. The stock’s 1-year return stands at more than 40%, and its three-year CAGR is an impressive 166%. While the past month has seen a correction of nearly 19%, reflecting broader market volatility, the long-term trajectory remains upward.
Notably, the company’s 52-week range extends from ₹278 to ₹591.90, highlighting both the explosive growth and recent bouts of profit-taking. Despite the correction, Zaggle’s market capitalization remains robust, currently around ₹5,400 crore.

Ashish Kacholia’s Stake and Institutional Confidence
Ashish Kacholia, renowned for identifying high-growth potential companies, holds a significant stake in Zaggle Prepaid. His involvement has boosted market confidence, attracting both retail and institutional investors. During the March 2025 quarter, promoter stake rose from 40.09% to 44.21%, reflecting the management’s strengthened confidence in the company’s long-term prospects. Foreign institutional investors and mutual funds also maintain meaningful positions, with retail investors holding over 34%.

Financial Performance and Growth Drivers
Earnings and Revenue:
Zaggle reported a 62.5% year-on-year increase in net profit for Q4 FY25, reaching ₹31.14 crore, while its quarterly profit rose by nearly 58% compared to the preceding quarter.
The company’s revenue for FY25 exceeded analyst estimates by 8.6%, underlining robust demand for its products and services. Analysts forecast average annual revenue growth of 25% for the next three years, well above the industry average of 13%.
Operational Efficiency:
Despite its swift expansion, Zaggle has kept its cost structure efficient, allocating under 1% of operating revenue to interest expenses and slightly over 5% to employee costs in FY25.
This operational discipline has contributed to a healthy return on capital employed (ROCE) of 13.3% and a return on equity (ROE) of 10.8%.
Analyst Ratings:
The stock enjoys a unanimous ‘Buy’ recommendation from analysts, with an average target price of ₹612.50—implying a potential upside of 45% from current levels. The bullish outlook is supported by expectations of continued earnings growth and strategic expansion.

Expansion, Innovation, and Strategic Moves
Zaggle has actively broadened its portfolio by pursuing strategic acquisitions and forging key partnerships.
In June 2025, the company invested in Greenedge Enterprises, enhancing its presence in the digital payments and SaaS space. The company’s focus on AI-driven product innovation and global expansion has positioned it as a leading player in the rapidly evolving fintech landscape. The company’s ability to raise its promoter holding and attract institutional capital is a testament to its strong governance and growth prospects.

Valuation and Industry Comparison
Zaggle trades at a price-to-earnings (P/E) ratio of around 61.9, higher than the industry average, reflecting investor optimism about future growth. Its price-to-book (P/B) ratio is 4.54, and the company does not currently pay dividends, preferring to reinvest profits into business expansion.
Compared to its peers in the IT and software sector, Zaggle’s five-year CAGR of 166% stands out, while its debt-to-asset ratio remains manageable at 0.52. The company’s market cap ranks it 18th in its sector, underscoring its growing influence.

Risks and Recent Volatility
While the long-term story is strong, Zaggle has not been immune to short-term corrections. The past month saw a nearly 19% drop in share price, and search interest in the stock has also declined by 15%. Analysts caution that the high valuation and recent earnings miss relative to expectations could lead to continued volatility. However, the company’s strong fundamentals and growth trajectory provide a buffer against temporary setbacks.

Conclusion
Zaggle Prepaid Ocean Services has emerged as a standout performer since its 2023 IPO, delivering multibagger returns to its investors and earning the endorsement of prominent names like Ashish Kacholia. The company’s robust earnings growth, strategic acquisitions, and expanding institutional ownership underpin a positive outlook, even as short-term volatility persists. For investors seeking exposure to India’s fintech and SaaS growth story, Zaggle remains a compelling, if high-beta, opportunity.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Kalpataru IPO Set to Raise ₹1,590 Crore, Signaling a Bold Move in Real Estate

, , , , , , , , , 0 Comment
Read More
Kalpataru IPO Set to Raise ₹1,590 Crore, Signaling a Bold Move in Real Estate
Market News - June 20, 2025

Kalpataru IPO Set to Raise ₹1,590 Crore, Signaling a Bold Move in Real Estate

Kalpataru IPO Set to Raise ₹1,590 Crore, Signaling a Bold Move in Real Estate

Mumbai-based developer Kalpataru launches its much-anticipated IPO, aiming to raise Rs 1,590 crore with a price band of Rs 387–414 per share, targeting debt reduction and future growth.

Introduction
The Indian real estate sector is witnessing one of its most significant public offerings in recent years as Kalpataru Ltd, a leading developer with decades of experience, announces the launch of its Rs 1,590 crore IPO. With a strategic focus on reducing debt and strengthening its market position, Kalpataru’s IPO is set to open for public subscription on June 24, 2025, and close on June 26, 2025. The company’s move comes at a time when the real estate market is evolving rapidly, and investor appetite for sectoral growth stories remains strong.

IPO Structure and Key Details
• Issue Size: ₹1,590 crore, comprising solely a fresh issue with no Offer for Sale (OFS) involved.
• Price Band: Rs 387–414 per share.
• Lot Size: The minimum application size is 36 shares per lot, with investments required in multiples of this lot size. Retail investors need to invest a minimum of ₹14,904.
• Valuation: At the upper price band, Kalpataru’s estimated market capitalization is around ₹8,500 crore.
• Subscription Dates: June 24–26, 2025. Anchor investor bidding opens June 23.
• Allotment and Listing: The share allotment is expected to be completed by June 27, with demat account credits projected for June 30. Kalpataru’s stock is going to get listed on the BSE and NSE on 1 of July.
• Investor Allocation: 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.

Company Overview
Established in 1969, Kalpataru Ltd serves as the flagship company of the Kalpataru Group and is well-regarded for its strong presence across the Mumbai Metropolitan Region and Pune. The company’s portfolio includes a diverse range of projects such as luxury, premium, and mid-income residential developments, commercial properties, retail spaces, integrated townships, and gated lifestyle communities.
As of March 2024, Kalpataru boasts 40 ongoing projects and has successfully completed 70, underlining its execution capability and market reach.

Objectives and Use of Proceeds
The IPO proceeds are earmarked for two primary purposes:
• Debt Repayment: A substantial portion (Rs 1,193 crore) will be used to reduce the company’s borrowings, which stood at over Rs 10,186 crore as of April 20257. This deleveraging is expected to improve financial flexibility and lower interest costs.
• General Corporate Purposes: The remaining funds will support operational expansion, new project development, and overall business growth.

Market Sentiment and Grey Market Premium
Despite the scale and pedigree of the offering, the Kalpataru IPO enters the market with a flat grey market premium (GMP) of Rs 0, indicating no immediate speculative upside as of June 19, 2025. This suggests that while there is institutional and anchor interest, retail excitement remains measured, possibly due to broader market conditions or the company’s existing debt load. Analysts believe that the final subscription numbers and listing performance will depend on institutional participation and post-listing company execution.

Competitive Landscape
Kalpataru operates in a highly competitive environment, facing off against established names like Oberoi Realty and Godrej Properties. Its focus on the MMR and Pune markets, combined with a diversified project mix, positions it well to leverage urbanization trends and rising demand for quality housing and commercial spaces. The company’s track record and brand reputation are expected to be key differentiators as it seeks to deploy fresh capital for future projects.

Timeline and Important Dates
The upcoming IPO process is set to follow a structured timeline, beginning with anchor investor bidding on June 23, 2025. The issue will be available for subscription between June 24 and June 26. The allotment of shares is expected to be finalized by June 27, with shares likely to be credited to investors’ demat accounts by June 30. The company’s listing on both the BSE and NSE is planned for July 1, 2025.

Conclusion
Kalpataru’s Rs 1,590 crore IPO represents a pivotal moment for both the company and the Indian real estate sector. By focusing on debt reduction and capitalizing on its strong project pipeline, Kalpataru aims to fortify its balance sheet and accelerate growth in key urban markets. While the flat grey market premium reflects cautious optimism, the final outcome will hinge on institutional support and the company’s ability to deliver on its strategic ambitions. Investors and market watchers alike will be closely monitoring the subscription response and post-listing performance as Kalpataru embarks on its next phase of growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

India Rises to 15th in Global FDI Rankings!

, , , , , , , , 0 Comment
Read More
China Curbs LNG Amid Rising Russian Energy Imports
Market News - June 19, 2025

Woodside and Petronas Secure Long-Term LNG Pact Backed by U.S. Project

Woodside and Petronas Secure Long-Term LNG Pact Backed by U.S. Project

Australia’s Woodside Energy signs a landmark deal to supply LNG to Malaysia’s Petronas, with volumes sourced from its expanding global portfolio.

Strategic LNG Partnership to Strengthen Asia-Pacific Energy Ties

In a significant move toward strengthening energy cooperation in the Asia-Pacific region, Woodside Energy, Australia’s largest independent oil and gas producer, has entered into a long-term supply agreement with Malaysia’s state-owned energy heavyweight Petronas. The two companies have signed a non-binding Heads of Agreement (HOA) that outlines the delivery of 1 million metric tons of liquefied natural gas (LNG) annually starting in 2028, with a commitment period extending over 15 years.

This collaboration reflects both companies’ strategic vision to enhance regional energy security and broaden LNG supply chains. According to Woodside, the volumes will be sourced from its global LNG portfolio, which may include shipments from its soon-to-be-developed Louisiana LNG facility in the United States.

LNG Supply Linked to Expanding U.S. Infrastructure

One of the key highlights of this arrangement is the potential inclusion of LNG from Woodside’s recently approved Louisiana LNG project. Announced in April, the company’s final investment decision (FID) for this facility marks a major step in expanding its international energy footprint.

The Louisiana project is designed to feature three liquefaction trains capable of producing a combined 16.5 million tons of LNG annually. Upon becoming fully functional, the facility is projected to boost Woodside’s overall annual LNG production capacity to 24 million metric tons. Additionally, the company has obtained permits to add two more trains, potentially expanding total capacity to 27.6 million tons annually in the future.

This scale-up is aimed at catering to rising energy demand, particularly from Asian markets, and underscores Woodside’s ambitions to become a key global supplier in the LNG space.

Mutual Commitment and Commercial Progress

Commenting on the development, Woodside’s Executive Vice President and Chief Commercial Officer, Mark Abbotsford, emphasized that the HOA demonstrates the high level of trust global energy buyers place in Woodside’s capabilities and project reliability. He also noted that this agreement underlines the growing market interest in the Louisiana project, highlighting its strategic relevance in future global energy dynamics.

Both companies are currently working toward converting the non-binding HOA into a definitive sales and purchase agreement (SPA). Once formalized, it will further solidify the long-term partnership and secure a stable LNG supply route for Petronas.

Financial Backing and Strategic Partnership with Stonepeak

To support the development of the Louisiana LNG facility, Woodside has also partnered with infrastructure investment firm Stonepeak. As part of their financial collaboration, Stonepeak has acquired a 40% stake in the project and committed to fund $5.7 billion of its total development costs.

This contribution represents a substantial 75% of the capital expenditure planned for 2025 and 2026. The deal significantly reduces Woodside’s upfront financial burden and accelerates progress on the facility’s construction and operational milestones.

During the announcement of the final investment decision, Woodside’s management highlighted ongoing discussions with additional potential partners, aiming to further optimize funding structures and enhance long-term project value.

Meeting Global LNG Demand with Reliability and Scale

This long-term supply agreement aligns well with current trends in the global energy market. With demand for cleaner energy alternatives on the rise—especially in fast-growing Asian economies—LNG remains a critical transition fuel. The agreement with Petronas strengthens Woodside’s role as a central player in the shifting energy arena, delivering dependable supply, large-scale capacity, and varied sourcing options.

Spanning 15 years, the agreement signifies a strong bilateral commitment—guaranteeing Malaysia a steady LNG supply while securing consistent demand for Woodside’s growing output.

Final Thoughts

The recently established Heads of Agreement between Woodside Energy and Petronas represents a pivotal step in international energy cooperation, highlighting the impact of forward-looking strategies and infrastructure funding on the evolution of global LNG commerce. With LNG volumes expected to begin flowing in 2028, the partnership paves the way for increased energy reliability in Southeast Asia and reinforces Woodside’s role as a trusted global LNG provider.

The upcoming Louisiana LNG project not only serves as a cornerstone for this agreement but also represents a broader shift in energy diversification, with U.S.-based liquefaction capacities now playing an increasingly vital role in global supply chains. With strong financial backing from Stonepeak and potential for future expansion, the project is poised to deliver long-term value and energy security.

As both companies work to finalize the definitive sales agreement, this strategic move is likely to set a precedent for more such collaborations in the evolving LNG ecosystem.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

ONGC to Enter Imported LNG Market by Q4 FY26, Expanding Energy Strategy

, , , , , , , 0 Comment
Read More
ONGC Q1 FY26 Results: Profit Growth Amid Revenue Decline
Market News - June 19, 2025

ONGC to Enter Imported LNG Market by Q4 FY26, Expanding Energy Strategy

ONGC to Enter Imported LNG Market by Q4 FY26, Expanding Energy Strategy

The oil major plans a subsidiary-driven push into imported LNG trade by late FY26 alongside renewables and petrochemicals diversification.

Strategic Pivot: ONGC Eyes Imported LNG

State-owned Oil & Natural Gas Corporation (ONGC), India’s energy stalwart, is gearing up to enter the imported liquefied natural gas (LNG) trade by the fourth quarter of fiscal 2025–26. This marks a pivotal step beyond its traditional role of extraction and domestic gas production. The move is part of a broader diversification strategy that spans clean energy, petrochemicals, and LNG import-trading.
While still in the conceptual stage, ONGC is diligently mapping out its entry into the imported LNG sector, aligning its efforts with the national objective of increasing natural gas’s contribution to India’s energy portfolio from approximately 7% to 15% by the year 2030.

Building Infrastructure with Flexibility

Rather than immediately investing in terminals or pipelines, ONGC intends to begin by leasing regasification infrastructure. This strategy allows the company to test the waters in the LNG market with lower capital commitment, before potentially stepping into ownership roles later on.
This incremental approach showcases careful planning—adopting operational control only when market dynamics and LNG pricing become favorable.

Part of a Four Pillar Diversification Strategy

ONGC’s LNG venture is not an isolated step. It’s part of a deliberate strategic transformation anchored on four pillars:

1. Core E&P Optimization
Enhancing exploration and production efficiency remains key. ONGC aims to boost output while cutting operating costs.
2. Renewable Energy Expansion
Building on its clean energy unit ‘ONGC Green Limited’, the company targets 10 GW in green generation capacity, including solar, wind, biofuels, green hydrogen, and ammonia.
3. Petrochemicals and Refining
With plans for its first oil to chemicals refinery and growing investments in ONGC Petro Additions Ltd (OPaL), the company is integrating further downstream.
4. Imported LNG and R LNG Trading
The newest venture will see ONGC join other energy majors in LNG trading, filling a market need for imported gas.

Why Imported LNG Matters

India’s growing energy needs and global energy trends place LNG at a crossroads. While domestic gas production continues, imported regasified LNG (R LNG) offers flexibility to meet demand spikes and stabilize supply. With substantial growth in LNG output projected from key suppliers like the U.S. and Qatar by 2028, ONGC anticipates a likely softening in global pricing trends. paving the way for well-calculated entry opportunities aligned with optimal market dynamics.
Additionally, tapping into imported LNG allows ONGC to hedge against oil volatility. As crude prices slip into a global glut, cheaper gas alternatives could stabilize margins.

Upcoming Implementation and Next Steps

Currently, ONGC is reviewing regasification capacities on India’s west coast and has initiated discussions with city gas distribution companies for long-term supply contracts. The firm has begun issuing tenders to source ethane starting mid-2028, indicating a continued evolution and fine-tuning of its upstream strategic approach.
Parallelly, ONGC continues building out its green energy unit and ongoing partnerships—whether through a JV with NTPC Green Energy for wind or proposed ethane-shipping ventures for its petrochemical plants.

Market and Sector Implications

1. Alignment with 2030 Gas Targets
ONGC’s initiative aligns seamlessly with the government’s vision to expand natural gas’s role in the national energy framework, making its timing both strategic and opportune.

2. Strengthened Position in Energy Market
ONGC’s planned entry into the regasified LNG domain, along with its expanding energy ventures, places it in the league of established gas-market players like GAIL, Petronet, and IOCL, enhancing its presence in the competitive natural gas ecosystem. It also adds resilience to its existing crude led revenues.
3. Capex and ROI Transparency
The approach of leasing infrastructure minimizes upfront investment. Success will hinge on securing favourable LNG pricing and robust offtake contracts.
4. Decarbonisation and Policy Fit
This move dovetails with ONGC’s larger aim of lowering carbon intensity, targeting renewables, biofuels, hydrogen, and LNG under its ‘Green’ umbrella.

Final Thoughts

ONGC’s anticipated move into the imported LNG market by the fourth quarter of FY26 marks a significant transformation in its long-term strategic direction. It broadens its operational horizon beyond exploration and production into trading, infrastructure services, and integrated energy supply. The move capitalizes on India’s national shift toward natural gas, serving as both a commercial opportunity and a defensive hedge.

By combining conservatively leased infrastructure, smart partnerships, and a diversified energy portfolio—covering renewables, petrochemicals, and LNG—ONGC is reshaping its business model to meet future energy needs sustainably. If implemented efficiently, this commercial expansion will not only boost India’s gas availability but also enhance ONGC’s role as an energy conglomerate suited for the 21st century.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

, , , , , , , 0 Comment
Read More
Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects
Market News - June 19, 2025

Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

Avenue Supermarts, the company behind the well-known DMart retail chain, witnessed a nearly 4% rise in its share price after it announced the opening of several new stores. This development has reignited investor interest and is being recognized as a key driver for the company’s growth in the near future.

Fresh Store Launches Spark Investor Interest

The company’s recent announcement of four new store openings has elevated its total store count to nearly 396 outlets across India. This expansion reinforces Avenue Supermarts’ strategy to aggressively grow its footprint across the country. Investors responded positively to this move, reflecting confidence in the company’s ability to scale operations while maintaining profitability.

Industry watchers point out that expanding physical stores remains a critical element of DMart’s long-term growth approach. By continuing to add new locations in both metropolitan areas and emerging markets, the company is increasing its accessibility and tapping into new customer bases.

The steady rollout of new stores not only enhances DMart’s visibility but also contributes to consistent revenue generation, which is crucial in a competitive retail environment.

Analysts See Expansion as a Positive Trigger

According to market analysts, the recent share price rally is directly linked to the company’s expansion announcement. Analysts believe that DMart’s systematic store additions are a significant growth catalyst and will further cement its leadership position in India’s organized retail sector.

Brokerage firms highlighted that the ongoing physical expansion could strengthen DMart’s revenue growth and help it maintain healthy operating margins. Analysts also noted that the company’s focus on scaling its operations, while ensuring store profitability, demonstrates a solid understanding of sustainable growth practices.

Experts suggest that DMart’s steady expansion is particularly effective because each new outlet contributes quickly to the company’s overall profitability. This carefully planned growth model differentiates DMart from competitors that often prioritize rapid expansion without ensuring financial sustainability.

D-Mart Ready: Growing in the Digital Space

Apart from expanding its physical presence, Avenue Supermarts is steadily developing its ecommerce platform, D-Mart Ready. This platform is gradually becoming more popular, especially in urban centers where consumers are increasingly opting for online grocery shopping.

The company’s strategy of combining its physical stores with an online delivery model helps DMart efficiently manage inventory, offer competitive pricing, and ensure faster order fulfillment. By using its extensive store network as delivery hubs, DMart is able to provide a seamless shopping experience to both in-store and online customers.

This omnichannel approach is seen as a smart response to the growing competition from quick-commerce players and large online retailers that are aggressively expanding their reach.

Financial Strength Supports Expansion Plans

Avenue Supermarts has long been praised for its disciplined financial management. The company’s focus on cost efficiency, minimal store design, and direct procurement from manufacturers allows it to maintain strong margins and offer products at consistently low prices.

Market experts believe that DMart’s measured and financially sound expansion strategy is a major reason behind its sustained growth. Unlike some retailers that expand quickly but face challenges in achieving store profitability, DMart ensures that each store contributes meaningfully to its bottom line.

Brokerages tracking the stock maintain a positive outlook, pointing to DMart’s ability to adapt to changing market dynamics, strengthen its customer base, and maintain a competitive edge in the retail sector.

Facing Intense Retail Competition

Although Avenue Supermarts holds a strong position in the market, it faces growing competition from established players like Reliance Retail and Amazon, as well as emerging quick-commerce platforms that offer speedy deliveries and attractive discounts.

Despite this competitive pressure, DMart’s value pricing and efficient supply chain continue to attract customers. Its ability to offer a wide range of essential products at everyday low prices is a significant advantage that keeps customers coming back.

The company’s commitment to offering cost savings without compromising on quality has helped it retain customer loyalty in a market that is increasingly driven by convenience and fast service.

India’s Retail Sector is Rapidly Changing

India’s retail landscape is undergoing significant transformation, with consumers showing a strong preference for online shopping, quick delivery options, and seamless payment experiences. DMart’s hybrid model of combining offline stores with online services positions it well to meet these evolving consumer expectations.

As digital adoption grows and competition intensifies, DMart’s strategy of focusing on both physical store expansion and digital growth is expected to play a critical role in its long-term success.

Conclusion

Avenue Supermarts’ recent 4% stock surge, driven by new store openings, highlights the market’s confidence in the company’s growth strategy. By steadily expanding its physical presence and enhancing its ecommerce platform, the company is strengthening its position in India’s dynamic retail market.

With a focus on financial discipline, customer value, and omnichannel growth, Avenue Supermarts is well-prepared to face competition and continue its upward trajectory. Investors and industry participants will closely watch the company’s next steps as it pursues further growth in both urban and emerging markets.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Dugar Jio Financial Acquires Remaining SBI Stake to Fully Own Jio Payments Bank in ₹104.54 Crore Deal Raises $3 Million to Boost EV, Solar Lending

, , , , , , , , , 0 Comment
Read More
Jio Financial Acquires Remaining SBI Stake to Fully Own Jio Payments Bank in ₹104.54 Crore Deal
Market News - June 19, 2025

Dugar Jio Financial Acquires Remaining SBI Stake to Fully Own Jio Payments Bank in ₹104.54 Crore Deal Raises $3 Million to Boost EV, Solar Lending

Jio Financial Acquires Remaining SBI Stake to Fully Own Jio Payments Bank in ₹104.54 Crore Deal

Jio Financial Services Limited (JFSL) has finalized the purchase of the remaining shares in Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI), valued at ₹104.54 crore. This acquisition grants Jio Financial full ownership of Jio Payments Bank, enabling it to strengthen its footprint in the digital banking arena.

Transaction Highlights: Jio Acquires SBI’s Entire Stake

Before this purchase, JFSL already controlled 82.2% of Jio Payments Bank, while SBI held a 17.8% share. Through this deal, Jio Financial has now acquired SBI’s full stake, equivalent to nearly 7.91 crore equity shares. The Reserve Bank of India (RBI) provided the green light for this transaction on June 4, 2025.With the required approval in place, Jio Payments Bank has now come under the complete ownership of Jio Financial Services.

Stock Movement and Market Outlook

Post-announcement, JFSL’s stock attracted attention from market participants. Despite slight price variations, the stock largely remained stable, indicating positive investor sentiment towards this acquisition. Market experts view this as a calculated step that aligns well with Jio Financial’s ambition to expand its presence in the financial services space.

Strategic Edge for Jio Financial

By securing complete ownership, Jio Financial gains the freedom to fully shape the growth strategy and operations of Jio Payments Bank. This paves the way for smoother integration across Jio’s financial offerings and allows the company to quickly roll out new digital payment and banking solutions.

This deal also strengthens synergies between Jio Financial’s product lines, including savings accounts, UPI services, merchant payment solutions, and digital investment products. The acquisition comes as part of Jio’s broader push into financial services, which also includes its collaboration with BlackRock to launch mutual fund products in India.

Customer Benefits and Growth Outlook

For Jio’s customers, this development could mean faster innovation, improved service quality, and stronger integration with other Jio services such as telecom and retail. Customers are likely to benefit from smooth digital financial solutions and a more integrated banking ecosystem.

The acquisition allows Jio Financial to respond quickly to changes in market trends and regulatory requirements. Users are likely to enjoy smooth digital financial services with a more integrated and cohesive banking journey.

Strengthening Position in the Digital Banking Race

India’s digital banking space remains highly competitive, with key players like Paytm Payments Bank, Airtel Payments Bank, and India Post Payments Bank holding firm positions. By fully acquiring Jio Payments Bank, Jio Financial is now better positioned to compete head-to-head with these major players.

Jio’s extensive telecom infrastructure, massive user base, and digital-first approach provide unique advantages. The company can leverage these strengths to quickly expand its digital banking services across both metro cities and rural markets. Jio Financial can also develop bundled digital solutions to attract users looking for one-stop financial platforms.

Broader Impact and SBI’s Shift in Focus

This transaction also highlights a wider trend where traditional banks like SBI appear to be focusing more on their core banking operations rather than joint digital ventures. SBI’s choice to exit its stake likely signals a shift in focus towards strengthening its core banking operations.

For the fintech sector, Jio’s full acquisition of its payments bank raises the level of competition. It is likely to push other digital finance players to innovate more quickly and offer better customer experiences.

India’s Digital Finance Boom

India’s digital finance industry has grown rapidly in the past few years. This growth has been propelled by the increasing reliance on instant payment systems like UPI, the widespread use of mobile wallet apps, and the steady shift towards cashless payment preferences. These changes have reshaped how both individuals and businesses handle transactions, making digital payments faster, safer, and more convenient across the nation.

Conclusion

Jio Financial’s ₹104.54 crore acquisition of SBI’s remaining stake in Jio Payments Bank marks a strategic move that bolsters its digital banking capabilities. Full ownership will enable Jio to drive its digital finance agenda more aggressively, offer better customer-centric solutions, and potentially change the competitive dynamics of the sector.

Backed by Jio’s extensive digital network and solid market presence, this move is poised to significantly influence the evolution of India’s digital financial landscape. Stakeholders across the market will now closely watch Jio’s next moves in this fast-evolving landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Dugar Finance Raises $3 Million to Boost EV, Solar Lending

, , , , , , , , , 0 Comment
Read More
Dugar Finance Raises $3 Million to Boost EV, Solar Lending
Market News - June 19, 2025

Dugar Finance Raises $3 Million to Boost EV, Solar Lending

Dugar Finance Raises $3 Million to Boost EV, Solar Lending

Dugar Finance and Investments Limited, a Chennai-headquartered non-banking financial company (NBFC), has secured $3 million via Symbiotics’ Green Basket Bond program. This significant funding is set to enhance Dugar Finance’s focus on supporting electric vehicle (EV) and rooftop solar loan segments, particularly in underserved markets.

About the Green Basket Bond

The Green Basket Bond, launched by Symbiotics Investments, is a $75 million investment instrument dedicated to promoting sustainable finance. The bond is specifically designed to channel funds into climate-positive initiatives across emerging economies. Notably, this bond is backed by the British International Investment (BII), the UK’s development finance institution, which is actively investing in green financial instruments to address global climate change challenges.
Dugar Finance’s participation in this bond positions it as a key player in sustainable lending, with a sharp focus on sectors contributing to environmental improvements. The company plans to deploy the newly acquired funds towards expanding its green loan portfolio, particularly targeting electric mobility and solar energy solutions.

Targeting Underserved Markets

A significant aspect of Dugar Finance’s strategy involves concentrating its efforts on customers in India’s tier-II and tier-III cities. These areas, often overlooked by large financial institutions, hold untapped potential for sustainable growth. The company will offer tailored financial products to residential customers, micro, small, and medium-sized enterprises (MSMEs), and housing societies.
By extending affordable loans for EV purchases and rooftop solar installations, Dugar Finance aims to bridge the gap in green financing access. The company’s approach aligns with national and global efforts to foster cleaner transportation and energy solutions at the grassroots level.

Environmental and Financial Impact

The impact of Dugar Finance’s green lending strategy is already visible. To date, the company has financed approximately 1,200 customers who have either installed rooftop solar systems or purchased electric vehicles. These initiatives have collectively contributed to reducing carbon emissions by an estimated 3,000 tonnes.
Furthermore, the customers supported by Dugar Finance have reported total annual electricity savings of nearly ₹2.96 crore. Such tangible benefits underline the dual value of the company’s financial products—promoting environmental sustainability while delivering direct economic advantages to consumers.

Leadership Insights

Ramesh Dugar, the Founder and Managing Director of Dugar Finance, highlighted the importance of this strategic funding. According to him, the funding from Symbiotics is more than just financial support; it serves as a validation of the company’s vision to integrate sustainability with financial inclusion.
“This investment reflects our dedication to developing financial solutions that not only promote expansion but also actively support environmental progress. We are proud to be part of the global green finance movement that is reshaping the future of energy and transportation,” said Dugar.
His remarks reflect the company’s broader mission to empower smaller businesses and individual customers while simultaneously contributing to India’s renewable energy targets and green mobility transition.

Driving Sustainable Finance in India

Dugar Finance’s collaboration with Symbiotics, backed by BII, underscores the rising significance of green finance within India’s transforming financial sector. The company’s efforts align with the Indian government’s push to encourage electric mobility and the adoption of renewable energy sources to combat climate change.
Financial institutions like Dugar Finance are playing a pivotal role in enabling this transition by offering accessible financing options tailored to the unique needs of emerging markets. Their focus on underpenetrated regions and smaller customer segments is helping democratize the benefits of sustainable technology adoption.

Expanding the Green Footprint

Looking forward, Dugar Finance aims to steadily expand its green lending programs. The company will actively seek further partnerships and investments that support its vision of broadening financial inclusion through environmentally responsible financing.
With a defined path for growth and a solid history of delivering results, Dugar Finance stands ready to advance India’s sustainable development objectives. By offering affordable, targeted loan products for EVs and rooftop solar systems, the company is empowering consumers and small businesses to participate in the green revolution.

Conclusion

Dugar Finance’s achievement in raising $3 million via Symbiotics’ Green Basket Bond highlights the growing international emphasis on funding initiatives that promote environmental sustainability. By channeling these funds into electric vehicle and rooftop solar financing, especially in underserved regions, the company is setting a strong example of how NBFCs can lead in the sustainable finance sector.
This initiative not only strengthens Dugar Finance’s market position but also accelerates the transition towards cleaner energy and transportation in India. As green finance continues to gain momentum, Dugar Finance’s proactive approach serves as a blueprint for inclusive and sustainable economic growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

₹40 Stock Gains Spotlight After ₹30 Crore CP Repayment

, , , , , , , 0 Comment
Read More
Liquor stocks beat FMCG peers in one year; 3 rally drivers & 3 future growth triggers
Market News - June 19, 2025

₹40 Stock Gains Spotlight After ₹30 Crore CP Repayment

₹40 Stock Gains Spotlight After ₹30 Crore CP Repayment

Paisalo Digital repays ₹30 crore CP, boosting market confidence.

Paisalo Digital Ltd, a low-priced non-banking financial company (NBFC) trading below ₹40, caught investors’ attention after it successfully redeemed commercial papers (CPs) worth ₹30 crore upon maturity. This full repayment, completed as scheduled, strengthened the company’s financial credibility and sparked a positive reaction in the stock market.

The commercial papers in question were issued earlier at an interest rate of 11%, with each CP valued at ₹5 lakh. In total, **600 units were privately placed with State Bank of India (SBI), marking a short-term borrowing of ₹30 crore. The company completed the redemption on March 20, 2025, as planned, signaling strong financial discipline.

Soon after the announcement, Paisalo’s shares jumped intraday to ₹36.46, a gain of more than 6% on the BSE. The stock eventually settled close to ₹36, showing renewed interest from retail investors and traders encouraged by the company’s prompt debt servicing.

The successful redemption indicates that Paisalo Digital is in a healthy liquidity position. The company has maintained a net cash-positive balance sheet, with no outstanding debt—a strong indicator of financial strength in a volatile NBFC environment. While its share price has faced pressure over the past year, sliding nearly 50%, the stock has delivered around 300% returns over five years, reflecting long-term potential.

In addition to domestic fundraising through commercial papers, Paisalo has also tapped global capital markets. The company had previously listed Foreign Currency Convertible Bonds (FCCBs) worth \$48 million on the Mauritius International Financial Centre (IFSC), further enhancing its financial flexibility.

Operationally, Paisalo has shown consistent growth. For Q3 FY25, the company posted a net profit of ₹62.4 crore, up over 10% year-on-year, with total revenues touching ₹203.8 crore. Its assets under management (AUM) reached ₹4,622 crore in Q4, reflecting a 32% rise compared to the previous year. Loan disbursements also grew by about 38%, showcasing strong demand for its credit services.

The company’s business model focuses on inclusive financial solutions and micro-lending, particularly targeting underserved markets.

Major institutional investors, including SBI Life Insurance and Life Insurance Corporation of India (LIC), hold stakes in the company—adding to its credibility and signaling confidence from long-term capital providers.

Investor Takeaways

Paisalo Digital’s full repayment of ₹30 crore in commercial papers sends a clear message about its liquidity strength and financial discipline. Timely redemption improves its reputation with institutional investors and debt markets, a critical factor for NBFCs relying on short-term borrowings.

With growing AUM, improving profits, a broad customer base, and solid backing from institutions, Paisalo has the potential to rebound—provided it maintains control over credit risk and continues to access affordable funding.

That said, investors should be mindful of ongoing sectoral volatility. The stock is still trading below key moving averages and has seen sharp corrections in recent months.

Summary

Paisalo Digital Ltd, a stock priced under ₹40, saw renewed market interest after it fully repaid ₹30 crore worth of commercial papers on their maturity date. The move reflects its strong liquidity profile and disciplined financial management, supported by rising profits, expanding AUM, and institutional backing.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

International Conveyors Shares Rally Over 15% Following Promoter Stake Expansion

, , , , , 0 Comment
Read More
International Conveyors Shares Rally Over 15% Following Promoter Stake Expansion
Market News - June 19, 2025

International Conveyors Shares Rally Over 15% Following Promoter Stake Expansion

International Conveyors Shares Rally Over 15% Following Promoter Stake Expansion

International Conveyors Ltd (ICL) recently witnessed a notable increase in its stock value, recording a gain exceeding 15% in a single trading session. This significant upward movement was largely driven by a rise in the promoter’s ownership, often regarded as a promising indicator for the company’s future path.

Promoters Expand Their Holdings

International Conveyors’ stock, which had previously traded under ₹90, experienced a strong boost after the promoters added to their shareholding. On June 12, 2025, the promoters acquired 59,941 shares at an average rate of ₹86.60 per share, lifting their total ownership to about 0.76%, equating to 4,79,803 units.
Further solidifying their position, the promoters purchased another 33,688 shares on June 13, 2025, at an average cost of ₹85.70 per share. This brought their combined stake to approximately 0.81%, amounting to 5,13,491 shares. These purchases were officially reported to the stock exchanges on June 17, 2025. Repeated promoter buying is commonly seen as a firm indication of the management’s long-term belief in the company’s potential.

Notable Stock Performance

Post these acquisitions, International Conveyors’ share price surged to an intraday peak of ₹90.30 from the previous closing rate of ₹78.04, marking a sharp increase of nearly 15.7%. The stock market responded positively to the promoter’s continuous buying, with many interpreting it as a reflection of internal confidence in the company’s outlook.
Typically, increasing promoter holdings are viewed as positive signals, enhancing investor confidence in the company’s growth trajectory.

Strategic Investment: JSW One Platforms

In addition to the promoter’s stake expansion, International Conveyors recently made a calculated investment in JSW One Platforms Ltd. The company obtained 710 Compulsorily Convertible Preference Shares (CCPS) of JSW One, allocating a total investment of ₹40.24 crore.
JSW One Platforms is an emerging B2B e-commerce player dedicated to optimizing industrial supply chains. The company reported a turnover of ₹3,962.8 crore in the fiscal year 2024-25. International Conveyors’ investment in this platform highlights its approach to diversifying into promising digital sectors aligned with industrial advancements.

Strong Financial Performance

International Conveyors posted impressive financial results for the March 2025 quarter. The company’s revenue climbed by 64%, reaching ₹56.07 crore compared to ₹34.12 crore in the same quarter of the previous fiscal. Its net profit more than doubled, rising to ₹13.03 crore from ₹6.07 crore on a year-over-year basis.
The company upholds a stable financial foundation, demonstrated by a debt-to-equity ratio of 0.24, suggesting limited borrowing pressure. Its price-to-earnings (P/E) ratio stands at around 6.09, considerably lower than the sector average of approximately 33.9, suggesting attractive valuations. Additionally, its price/earnings to growth (PEG) ratio of about 0.13 signifies favorable pricing when compared to its profit expansion.
Over the past three years, International Conveyors has consistently delivered an average profit growth of 56.8%. Promoters currently own more than 65% of the company’s total shares, which further strengthens investor trust in the company’s operational stability.

Company Profile and Market Reach

Founded in 1973 and headquartered in Aurangabad, International Conveyors is globally recognized for its specialization in manufacturing PVC conveyor belts. The company is the world’s second-largest producer in this category, with over 90% of its output exported to key international markets, including the United States, Canada, Australia, and South Africa.
The company serves a highly reputable clientele, including major names such as Shree Cement, Tata Steel, Coal India, and Glencore. This broad global presence and long-standing customer partnerships have significantly contributed to its sustained success and industry reputation.

Conclusion

The recent increase in International Conveyors’ share value is closely tied to the promoter’s active investment and the company’s strategic move into new business areas. Supported by robust financial growth, attractive valuation metrics, and a wide global footprint, these factors position International Conveyors as a promising choice for long-term investors.
As the company continues to pursue fresh growth initiatives and reinforce its market presence, it is expected to retain substantial investor interest focused on future performance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Man Infraconstruction Restructures LLP Stake, Holds Control Amid ₹503 Cr EPC Pipeline

, , , , , , , 0 Comment
Read More
Indian Startups Accelerate IPO Parade as Market Matures in 2025
Market News - June 19, 2025

BlueStone Eyes $1.2B Valuation Ahead of IPO

BlueStone Eyes $1.2B Valuation Ahead of IPO

With a soaring valuation, robust financial growth, and strong investor interest, BlueStone is poised to become India’s next unicorn as it readies for a landmark public market debut.

Introduction
BlueStone, one of India’s leading omnichannel jewellery brands gearing up for its IPO, is on track to achieve unicorn status. Recent secondary transactions and funding rounds have valued the Bengaluru-based company at approximately $1.2 billion (Rs 10,500 crore), marking a 30% jump from its last valuation. As BlueStone prepares for a major IPO, the company’s growth trajectory, investor exits, and financial performance are drawing significant attention in the startup and retail sectors.

BlueStone’s Valuation Soars: The Road to Unicorn Status
BlueStone’s journey toward unicorn status has accelerated in recent months. Recent secondary transactions involving existing and incoming investors have elevated the company’s valuation to ₹10,500 crore ($1.2 billion), a significant rise from ₹8,100 crore during its August 2024 funding round. This leap reflects both the company’s robust revenue growth and the bullish sentiment among investors toward India’s organised jewellery sector.
The unicorn milestone is not just symbolic; it signals BlueStone’s readiness to compete with legacy players and digital-first brands alike. The company’s omnichannel strategy, which blends online and offline retail, has enabled it to capture a broad customer base and adapt quickly to shifting market dynamics.

IPO Plans: Structure and Strategic Moves
BlueStone’s IPO preparations are in full swing. BlueStone submitted its DRHP to SEBI in December 2024 and received the regulatory nod in April 2025. The public offering is expected to include:
• A proposed ₹1,000 crore capital raise
• An offer-for-sale (OFS) of nearly 24 million shares, allowing early investors and venture capital funds to partially or fully exit their stakes
Major investors such as Accel, Saama Capital, IvyCap Ventures, and Kalaari Capital are set to participate in the OFS, while Singapore-based RB Investments will make a complete exit, reportedly earning a 10–12x return on its investment. Wealth management firms such as 360 One and Centrum Wealth are enabling secondary transactions valued between ₹300–350 crore in the run-up to the IPO.

Funding Momentum and Investor Confidence
BlueStone’s funding history underscores its appeal to both domestic and international investors. In August 2024, BlueStone closed a ₹900 crore funding round backed by investors such as Peak XV Partners, Prosus, Steadview Capital, Think Investments, and Pratithi Investments, led by Infosys cofounder Kris Gopalakrishnan. BlueStone raised ₹40 crore in debt financing from BlackSoil and Caspian Impact Investments in May 2025, further strengthening its financial position.
BlueStone’s rising valuation reflects the broader growth momentum within India’s jewellery industry. The Tata Group’s acquisition of CaratLane at a Rs 17,000 crore valuation has sparked renewed investor interest in omnichannel jewellery brands, with startups like Giva also attracting significant capital.

Financial Performance: Revenue Growth and Profitability Trends
BlueStone’s financials reflect a company in rapid expansion mode. The retailer posted revenues of ₹1,266 crore for FY24, marking a 64% year-on-year growth. Losses have narrowed as well, with the FY24 net loss shrinking to Rs 142 crore, down from Rs 167 crore in the previous year.
The momentum has carried into FY25, with BlueStone posting operating revenue of Rs 348 crore and a net loss of Rs 59 crore in the first quarter alone. This trajectory signals improving operational efficiency and a path toward profitability, a key consideration for public market investors.

Sector Context: Jewellery Retail’s Digital Revolution
BlueStone’s rise comes amid a broader digital transformation in India’s jewellery market. The company’s omnichannel approach—combining a strong online presence with physical stores—has given it an edge in a sector traditionally dominated by legacy brands. This model allows BlueStone to offer customers convenience, transparency, and a wide assortment of designs, while also building trust through in-person experiences.
Investor enthusiasm for the sector is also buoyed by the success of peers like CaratLane and the growing trend of organized retail in jewellery, which is rapidly eating into the market share of unorganized players.

Conclusion
BlueStone’s imminent unicorn status and IPO plans mark a watershed moment for India’s jewellery retail industry. With a $1.2 billion valuation, strong revenue growth, and a blend of digital and physical retail strategies, the company is well-positioned to capitalize on changing consumer preferences and investor appetite. As BlueStone readies for its public debut, its journey will be closely watched as a bellwether for the future of omnichannel retail and the broader startup ecosystem in India.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Gujarat Penny Stock Surges 20% After ONGC Contract Win

, , , , , , , , , 0 Comment
Read More