Power Mech Projects Limited (Power Mech) has been a big beneficiary of the government’s massive infrastructure push. While its earnings were very strong and the stock was rising, we had predicted in our earlier quarterly update that any delay in projects or deterioration in macro environment will lead to significant de-rating.
India’s direct tax collections rose 16.15% to Rs25.86 lakh crore as of 16th March, with net collections up 13.13% at Rs21.26 lakh crore. Advance tax receipts grew 14.62% to Rs10.44 lakh crore, led by corporate tax at Rs7.57 lakh crore (+12.54%) and non-corporate tax at Rs2.87 lakh crore (+20.47%).
JNK India (JNK) is in the business of manufacturing process fired heaters, reformers and cracking furnaces, collectively referred to as the ‘heating equipment,’ necessary for process industries like oil & gas refineries, petrochemicals and fertilisers.
The poly-films industry caters to a variety of sectors, such as packaging, automotive films, architectural applications, yarn, specialised industrial uses, thick insulation films and shrink label applications, among others.
From 13th March to 20 March 2025, ML Large-cap Index and ML Mid-cap Index rose 6% each. ML Mega-cap Index and ML Small-cap Index rose 4% each. The NIFTY and the Sensex rose 4% and 3%, respectively. ML Micro-cap Index rose 1%.
The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters. In this system, A is a higher rank than B and so on. Since, in valuation lower is better, we have ranked them accordingly. So in valuation too A is better than B.
It is highly unusual for a small fast-moving consumer goods (FMCG) company to run a domestic brand of food products and also run a global operation – getting products manufactured in Southeast Asia and selling in Africa, Latin America and the Middle East.
KRN Heat Exchanger and Refrigeration Ltd (KRN) is a premier manufacturer and exporter of high-performance heat exchangers, specialising in aluminium and copper fin-and-tube designs for the heating, ventilation, air-conditioning and refrigeration (HVAC&R) industry.
Welspun Corp Ltd (WCL) is one of the top 3 global manufacturers of large-diameter line pipes, serving sectors such as oil & gas, water, structural applications and new energy.
From 7th March to 12 March 2025, the NIFTY and the Sensex ended flat. ML Mega-cap Index fell 1%. ML Micro-cap Index and ML Large-cap Index fell 3% and 4%, respectively. ML Mid-cap Index and ML Small-cap Index fell 5% each.
India’s top telecom players, Bharti Airtel and Jio Platforms, have signed separate agreements with Elon Musk’s SpaceX to introduce Starlink’s satellite broadband services in India. The partnerships aim to leverage their telecom infrastructure to expand high-speed connectivity to businesses, schools and rural areas. The collaboration seeks to complement their fibre and wireless internet services, improving connectivity in remote regions.
Amber Enterprise India (Amber) is into manufacturing and assembly of room air-conditioners (RAC) and key RAC components. Currently, it has 23 manufacturing plants across eight states and serves all the major RAC brands in India,
In February 2025, HDFC Bank and Axis Bank were the most preferred stocks of Indian mutual funds. The net purchases of HDFC Bank were Rs4,331 crore. Infosys and Sun Pharmaceutical were the most sold stocks. The net sales of Infosys were Rs2,158 crore and net sales of Sun Pharmaceutical were Rs721 crore.
From the start of FY23-24, Indian agro-chemicals sector has been passing through a cyclical downturn and battling multiple headwinds. The fiscal year witnessed a 20.36% year-on-year (y-o-y) fall in exports primarily due to de-stocking of bloated channel inventory and the re-entry of Chinese exporters into the global market, after the Chinese government ended its zero-COVID policy in December 2022.
Time Technoplast Ltd (TTL) is an industrial polymer packaging company, commanding 60% share of the domestic market. It is the largest global manufacturer of large-sized plastic drums; ranks as the second-largest producer of composite cylinders and is the third-largest manufacturer of intermediate bulk containers (IBC).
Man Industries (India) Ltd is a leading manufacturer of large-diameter pipes with over 35 years of experience in the API (American Petroleum Institute) pipes industry. The company has a total installed capacity of 1.18MMTPA (million metric tonnes per annum), producing LSAW (longitudinal submerged arc welded), HSAW (helical submerged arc welded), and ERW (electric resistance welded) pipes used across the oil & gas, water, hydrocarbon and city gas distribution (CGD) sectors.
This is the final part of our annual Wealth Creator series where we discuss stocks and mutual fund (MF) schemes that have created the maximum wealth for investors in the past decade.
Indian benchmark indices closed relatively flat on Friday, ending their two-day winning streak. The BSE Sensex edged down 7.51 points (0.01%) to 74,332.58, while the Nifty 50 inched up 7.80 points (0.03%) to 22,552.50.
India’s manufacturing sector slowed in February, with the HSBC India manufacturing purchasing managers' index (PMI) declining to 56.3 from 57.7 in January, marking a 14-month low. The decline was driven by softer new orders and production growth, although the index remained in expansionary territory. The latest reading was also below the previous quarter's average of 56.8. Job expansion slowed, with only 10% of firms reporting increased hiring, while 1% reduced their workforce.
The best three and the worst three mutual fund schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory.
