Latest news with #KranthiBathini
India Today
2 days ago
- Business
- India Today
IPO buzz returns: Big July lineup to raise up to Rs 26,000 crore
After a slow start in 2025, India's IPO market seems to be active again. While the year began with companies delaying their public offers due to weak stock market conditions, June has brought back movement in the primary far this month, two companies have already opened their IPOs for subscription. Oswal Pumps Limited opened its issue between June 13 and June 17, while Arisinfra Solutions started its 3-day bidding process on June 18, which will close on June at least eight more companies are preparing to launch their initial public offerings by the end of June and into July. These upcoming IPOs are expected to raise over Rs 26,000 crore in total. "As the markets are stabilising and are in a range of 24,500 to 25,000, you can see some kind of activity that it is coming back in the primary market after a small brief small gap. Companies are also lining up to raise money from the primary market. Also, the earlier listings are recovering, which is one of the optimisms driving the markets," said Kranthi Bathini, Equity Strategy, WealthMills Securities Pvt Ltd. BIG NAMES IN LINEThe companies likely to hit the market soon include HDB Financial Services, Sambhv Steel Tubes, Ellenbarrie Industrial Gases, Kalpataru, Globe Civil Projects, NSDL, Hero Fincorp and JSW them, HDB Financial Services is preparing one of the largest IPOs in this lineup. According to a report by Moneycontrol, the company may soon file its red herring prospectus (RHP).The IPO is worth around Rs 12,500 crore, with a fresh issue of Rs 2,500 crore and an offer-for-sale of up to Rs 10,000 crore. The anchor investor portion is likely to open on June 24, with the full IPO expected between June 25 and June Steel Tubes, which received approval from SEBI in March, is also ready to launch its IPO soon. The public offer will be a book-building issue of Rs 540 will include a fresh issue of Rs 440 crore and an offer-for-sale of Rs 100 crore. People aware of the development said the company is in the final stages of preparation. The retail quota for both HDB Financial Services and Sambhv Steel Tubes is expected to be around 35%.Despite no official price band yet, HDB Financial's IPO is already showing signs of investor interest. A grey market premium (GMP) of Rs 93 per share has been seen in the grey market, indicating strong COMPANIES JOINING THE LISTEllenbarrie Industrial Gases and Kalpataru are also looking to launch their IPOs soon. Both companies had received SEBI clearance earlier – Ellenbarrie in January and Kalpataru in November last year. Ellenbarrie plans to raise Rs 400 crore, while Kalpataru is aiming for Rs 1,590 crore. Both are likely to finalise their IPO dates Cement, which got Sebi approval in January, has already started roadshows for its IPO. The company is planning to raise around Rs 4,000 crore, and the issue is expected to hit the market sometime in July, as per a Bloomberg Civil Projects has already confirmed its IPO dates. The public offer will open on June 24 and close on June 26. The issue is priced between Rs 67 and Rs 71 per share, with a target to raise around Rs 200 Fincorp is also preparing for its IPO after completing a pre-IPO funding round of Rs 260 crore. The company has slightly lowered its fresh issue size from Rs 2,100 crore to Rs 1,840 crore. It also includes an offer-for-sale portion worth Rs 1,568.13 crore. The total IPO size now stands at Rs 3,408.13 crore. Hero Fincorp received approval from SEBI in May to go ahead with the public (National Securities Depository Limited) is also expected to come to the market before the end of July. The Securities and Exchange Board of India had extended NSDL's IPO deadline to July 2025. According to earlier reports by Bloomberg, the company is looking to raise around 400 million dollars, or roughly Rs 3,400 Watch
India Today
13-06-2025
- Business
- India Today
Air India crash rattles hotel and ticketing stocks, as investor confidence wavers
The tragic crash of an Air India flight near Ahmedabad has not only left the nation grieving but has also shaken investor confidence, triggering a sharp fall in travel and tourism-related stocks on June PLATFORMS STOCKS SEE REDOnline travel companies were among the most affected. Shares of Thomas Cook India fell by 2.39%, trading at Rs 160.03 as of June 13, 1PM. TBO Tek dropped 1.10% to Rs 1,287.40, while Mahindra Holidays slipped 1.47% to Rs and Yatra Online also saw losses, down by 1.18% and 2.73%, respectively. Kranthi Bathini from WealthMills Securities said the decline in travel-related stocks is a short-term effect of the Air India crash. "In the longer run, we expect resilience in air travel. The travel and hospitality industries should do well over the medium to long term," he Bathini doesn't see any major fundamental impact from this one incident. Long-term investors, he said, can continue holding these stocks unless they no longer find them attractively priced. 'If the investor is a long-term investor, they can hold on to the stocks until and unless they don't find any valuation comfort in the particular stock,' he COMPANIES ALSO FEEL THE HEATHospitality stocks followed the downward trend. Shares of Indian Hotels Company (IHCL), the group behind the Taj Hotels, fell by 1.35% to Rs 734.75. Chalet Hotels and Lemon Tree Hotels also saw declines of about 1% and 0.03%, Schloss Bangalore, the newly listed company that operates Leela Hotels, saw its stock dip by over 3% to trade at Rs OPERATORS AND AIRLINES FEEL THE PINCHThe impact wasn't limited to hotels and airlines. Adani Enterprises, which runs the Sardar Vallabhbhai Patel International Airport in Ahmedabad, also saw its shares fall by more than 2%, trading at Rs 2491.40. The airport has been shut for operations following the GMR Airports' shares declined by around 1%. Airline stocks weren't spared either. Shares of IndiGo and SpiceJet also witnessed a decline in their share prices as investors weighed the possible impact of the crash on the TURN CAUTIOUS AFTER CRASHThe crash involved a London-bound Air India flight carrying more than 200 passengers, which went down in a residential area near the Ahmedabad airport. Tragically, nearly all 242 people on board lost their incident has reignited concerns over flight safety, prompting a cautious stance from investors and sending several sector stocks lower in early Watch
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Business Standard
13-06-2025
- Business
- Business Standard
GTL, Exxaro Tiles zoom up to 85% in 1-mth; time to sell these penny stocks?
Shares of penny stocks - GTL and Exxaro Tiles have zoomed up to 73 per cent in the last one month amid the overall rally in the equity market. GTL and Exxaro Tiles are considered as penny stocks for the individual share price quoted around ₹10-mark. GTL from levels of ₹7.80 on May 9 soared nearly 67 per cent to a high of ₹13 on June 12. Similarly, Exxaro Tiles stock price from ₹5.90, skyrocketed by 85 per cent to a high of ₹10.90 per share. In comparison, the NSE Nifty 50 index advanced 3.7 per cent, and the Nifty Microcap index soared over 15 per cent in the same period. GTL, Exxaro Tiles - trading volume jumps multi-fold On the NSE, GTL witnessed up to a 10-fold jump in trading volumes in the last two trading sessions. The average daily traded volume from around 10 lakh per day surged to over 18.30 million shares on Thursday, June 12. Today, so far, GTL stock has declined 7.5 per cent to ₹11.22, amid volume of around 23 lakh shares on the NSE. The 52-week high of GTL stands at ₹16.41, and the 52-week low is at ₹7.59. The company's market capitalisation is ₹177 crore. Similarly, trading volume at Exxaro Tiles counter soared to near 79 lakh shares per day as against the average volume of around 7 - 8 lakh shares in the preceding one month. On Friday, Exxaro Tiles stock price was up 1.5 per cent at ₹10.27. The counter witnessed trades of around 11.8 lakh shares thus far on the NSE. At present, Exxaro Tiles market capitalisation has increased to ₹460 crore, with the stock seen trading near its 52-week high, which stands at ₹11.60. The 52-week for Exxaro Tiles stock is ₹5.45. On the earnings front, GTL reported a massive 91.8 per cent fall in Q4 net profit at ₹11.21 crore for the quarter ended March 2025 when compared with ₹136.20 crore in the quarter ended March 2024. Income from operations, however, increased by 6.4 per cent year-on-year (YoY) to ₹69.90 crore from ₹65.69 crore. Meanwhile, Exxaro Tiles Q4 net profit zoomed 192.5 per cent to ₹3.51 crore for the quarter ended March 2025 as against ₹1.20 crore in the corresponding quarter a year ago. Sales rose 19.1 per cent YoY to ₹94.98 crore from ₹79.77 crore. GTL, Exxaro Tiles - what should investors do? Kranthi Bathini, Equity Strategist at WealthMills Securities recommends that in times of a market rally, we tend to see some kind of exuberance in select stocks with lesser fundamentals, including penny stocks, which witness a momentum-driven rally. The analyst, however, cautions that it is not advisable to invest in penny stocks, as they are quite often associated with high risks. "Finding an exact top or bottom in these kinds of stocks is extremely difficult, for they just get traded based on the fear-and-greed of the market", explains Kranthi Bathini. For investors holding positions in such stock, Kranthi advises to follow strict trading stop-losses. Technical view on GTL, Exxaro Tiles GTL share price is seen quoting above the 200-Day Moving Average (200-DMA) for the second straight trading session. The 200-DMA stands at ₹11.10. A close above ₹11 on Friday is necessary for the stock to sustain its upward trend. As such, the stock can potentially rally to ₹15.80 levels. On the other hand, break and sustained trade below ₹10-mark shall dismantle the present bullish stance at the counter. Following which, the stock can potentially drift back towards ₹7 levels. Exxaro Tiles has conquered its 200-DMA, and is now seen attempting a close above the 100-Week Moving Average, which stands at ₹9.90. Technically, this shall indicate a positive sign for the stock, and which can lead it towards ₹12.40 levels. Key support for the stock on the downside stands at ₹8.30 and ₹7 levels, show technical charts.
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Business Standard
05-06-2025
- Business
- Business Standard
GRSE, BDL among 9 defence stocks up over 70% in 2 mths; time to book gains?
Shares of Indian defence-related companies have witnessed a spectacular bull-run on the BSE and the NSE in the last two months, with the success of ' Operation Sindoor ' adding fire-power to already pumped-up shares in the month of May. The NSE Nifty Defence index has zoomed as much as 59 per cent from its April 7 low of 5,645 to the current 8,970 levels. In comparison, the NSE Nifty 50 index has gained 14 per cent in the same period. Among the Nifty Defence constituents - 50 per cent of the stocks i.e. 9 out of the 18 defence shares have zoomed more than 70 per cent in the last two months, shows ACE Equity data. Garden Reach Shipbuilders & Engineers (GRSE) is the top mover, the stock has soared 138 per cent. It is followed by Data Patterns (India), which has zoomed 114 per cent. Paras Defence And Space Technologies, Astra Microwave Products, Mishra Dhatu Nigam (Midhani), BEML, Bharat Dynamics (BDL), Cochin Shipyard and Solar Industries India are the other 7 stocks, up in the range of 70 - 98 per cent. Given the recent sharp rally, analysts recommend it won't be a bad idea to take home some profit off the table, but remain optimistic of the future growth prospects. Kranthi Bathini, director - equity strategy at WealthMills Securities says that defence stocks seem to be fully priced-in at current levels; hence taking some profits from the medium-to-short term seems advisable. On the downside, these stocks could correct between 15-20 per cent, the analyst said. However, the long-term outlook for defence stocks remains upbeat given India's focus on domestic manufacturing, coupled the with export market. The order book and earnings visibility looks very good for these companies, Kranthi added. That apart, post Operation Sindoor, analysts believe the Indian government may increase Budget outlay for the defence sector. Reports indicate that India's defence budget may receive an additional allocation of ₹50,000 crore under a supplementary budget. In the Union Budget presented on February 1, Finance Minister Nirmala Sitharaman had earmarked a record ₹6.81 trillion for the defence sector for FY26, an increase of 9.2 per cent when compared to the budget allotment of ₹6.22 trillion in FY25.
Time of India
04-06-2025
- Business
- Time of India
Q4 Earnings, Monsoon, Rate Cuts: What's next for Indian markets?
The stock market swung between gains and profit-booking last week, driven by Q4 earnings, global cues, and selective FII activity. What lies ahead? We spoke to Kranthi Bathini, Equity Strategist, Wealthmills Securities on sector trends, key Nifty levels, and the surge in defence stocks. What should your strategy be amid rate cut hopes and monsoon forecasts? Let's take a look. Excerpts: Q. Last week, we saw a roller-coaster ride—driven by easing global tensions, profit booking, and underwhelming Q4 earnings. FIIs also played a key role. Can you break down what really happened? Kranthi Bathini : Yes, markets remained range-bound last week, swinging between 24,750 on the downside and 25,500 on the upside. We're at the fag end of the earnings season, and while there weren't any big surprises, LIC did stand out. It showed a positive breakout and strong guidance—sustaining above ₹1,000 could indicate momentum. Mid and small caps stole the limelight this week. Overall, Q4 earnings were decent—better than expected and showing year-on-year expansion. Despite geopolitical uncertainties, India's handling of tensions has reassured global investors. FIIs are now favouring India over the US due to greater clarity and resilience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cimuncang: Beautiful New Senior Apartments with Two Bedrooms Senior Apartments | Search Ads Search Now Undo Q. Would you say our domestic economy has shown resilience despite the geopolitical issues, including border tensions? Kranthi: Absolutely. Domestic macros are strong—cooling inflation, early monsoons, and a growth-supportive environment. That's why, despite subdued Q4 results, markets are holding up well. Q. Which sectors stood out this week, and which lagged? Kranthi: Defence is the standout. It's riding on long-term fundamentals, not just geopolitical tensions. There's some froth due to excess investor interest, but any dip is a buying opportunity. Banking and financial services are also key picks, especially with expected rate cuts . Live Events Selective interest is also seen in IT and infra, though IT remains uncertain. Q. And what's your view on banks and NBFCs? Kranthi: Banks are doing well and remain FII favourites. They're at the core of India's growth story. However, IndusInd's recent corporate governance issue is a red flag and a reminder for better governance across the sector. NBFCs face short-term headwinds from RBI norms, but should benefit from rate cuts and credit growth in the medium term. Q. What should be the strategy for this week? Kranthi: We're in a 'buy on dips, sell on rally' market. Investors need to use trailing stop losses and avoid getting caught in temporary euphoria. Until Nifty decisively crosses 26,000, range-bound movement will continue. Q. What are some key triggers in the near term? Kranthi: Monsoon progress is crucial—it directly impacts economic activity. Globally, US policy volatility adds to uncertainty, especially on tariffs and interest rates. These factors drive short-term market sentiment and are hard to predict for retail investors. Q. What are the key Nifty levels to watch? Kranthi: Support is at 24,750. If Nifty sustains above 25,000, we could see positive momentum. A break below 24,750 may lead to downside, but strong liquidity—thanks to FIIs, DIIs, and retail—will likely ensure pullbacks. Dips remain buying opportunities.
