Deven Choksey believes PB Balaji's financial expertise will benefit Tata Motors and JLR, citing his successful turnaround of Tata Motors. He also discusses Antfin's stake sale in Paytm, emphasizing the need for robust back-end integration. Choksey expresses valuation concerns in the defense sector and favors niche pharma companies over pure generics.
Sawaliya Food Products IPO: The IPO comprises up to 29,02,800 equity shares with a face value of 10 each. This includes a fresh issue of up to 26,02,800 shares and an offer for sale (OFS) of up to 3,00,000 shares.
MCX shares slipped sharply as investors booked profits following a strong rally driven by robust Q1 earnings and a stock split announcement. The exchange posted record quarterly revenue and an 83% YoY jump in net profit, supported by higher trading volumes and product expansion.
Ather Energy recorded a 97% year-on-year (YoY) increase in volumes in Q1, selling 46,078 units, driven by strong demand for its flagship Ather Rizta and an aggressive retail expansion push. The companys total income rose 83% YoY to Rs 672.9 crore in the June 2025 quarter.
Trade relations between America and India face potential disruption. Donald Trump threatens to impose high tariffs on Indian goods. India has already responded with reciprocal tariffs. Negotiations are ongoing, with a U.S. delegation visiting India. Experts suggest a meeting between Narendra Modi and Donald Trump could de-escalate the situation. The situation is expected to continue for weeks or months.
Kotak Mutual Fund has launched the Kotak Active Momentum Fund, leveraging an Enhanced Earnings Factor Model. This data-driven strategy focuses on companies with increasing profits, driven by analyst upgrades and positive earnings surprises. Back-testing reveals a strong CAGR and consistent outperformance, even during market volatility, offering a fundamentally grounded approach to momentum investing.
