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Gainers & losers: Stocks and sectors that moved the most on October 7

Money ControlMoney Control · 1y ago
Gainers & losers: Stocks and sectors that moved the most on October 7
Medial

1. Nifty 50 and Sensex ended in the red for the sixth consecutive session. 2. Natco Pharma's stock rose 3.4% after settling a US patent case over generic Ozempic products. 3. AU Small Finance Bank reported healthy loan and deposit growth, resulting in a 1.7% increase in its stock. 4. NBCC's stock jumped 3% on the ex-bonus trading day, following the announcement of a 1:2 bonus issue. 5. JP Morgan upgraded LTIMindtree to 'overweight', with a 13% upside potential. 6. Mphasis also received an upgrade from JP Morgan, with a target price indicating a 19% upside. 7. Reliance Power's stock continued to decline, hitting the lower circuit for the third consecutive session. 8. Suzlon Energy extended its losses for the eighth straight session following an advisory letter from stock exchanges. 9. Vodafone Idea's shares dropped 6% after the DoT issued a notice for non-payment of bank guarantees. 10. Kalyan Jewellers' stock fell around 1% as investors booked profits after strong Q2 business updates.

Stock Radar: Dr Reddys, Mankind, Adani Total Gas, Aarti Drugs, BHEL, HFCL, Vodafone in focus on Monday

Money ControlMoney Control · 1y ago
Stock Radar: Dr Reddys, Mankind, Adani Total Gas, Aarti Drugs, BHEL, HFCL, Vodafone in focus on Monday
Medial

Here are some stocks to watch in today's trade: 1. HFCL has entered into a strategic partnership with General Atomics Aeronautical Systems, Inc. 2. Dreamfolks Services is addressing temporary disruptions in its services. 3. Sterling and Wilson Renewable Energy's CFO, Bahadur Dastoor, has resigned. 4. Ugro Capital has postponed its board meeting to September 24. 5. Vodafone Idea has concluded a $3.6 billion deal with Nokia, Ericsson, and Samsung. 6. ONGC Videsh has signed a non-associated gas deal in Azerbaijan. 7. Glenmark Pharmaceuticals' manufacturing facility passes USFDA inspection with no observations. 8. Ramco Cements has increased its cement grinding capacity. 9. Dr Reddy's Laboratories' R&D centre passes USFDA inspection with no observations. 10. HDFC Bank's subsidiary, HDB Financial Services, receives board approval for an IPO. 11. Bharat Forge and its subsidiaries enter share subscription agreements with Sunsure Energy. 12. Adani Total Gas secures financing from international lenders. 13. VA Tech Wabag received investment from Vanguard Total International Stock Index Fund. Please note that this is just a summary and does not constitute financial advice.

Capillary Technologies to acquire Mastercard-owned Session M for $20 Mn

EntrackrEntrackr · 5d ago
Capillary Technologies to acquire Mastercard-owned Session M for $20 Mn
Medial

Capillary Technologies to acquire Mastercard-owned Session M for $20 Mn SaaS firm Capillary Technologies has approved an investment in its wholly owned overseas arm to acquire US-based loyalty and engagement platform Session M Inc., the company disclosed this development in a regulatory filing on Tuesday. The board has cleared an investment into Capillary Pte. Ltd. to buy 100% shareholding in Session M, which is currently a wholly owned subsidiary of Mastercard Inc. The transaction will also include Session M’s Czech subsidiary. Founded in 2011, Session M operates a cloud-based loyalty and customer engagement platform. The company posted a turnover of $50.5 million in CY2025, down from $54.5 million in CY2024 and $57 million in CY2023. As per the disclosure, the deal involves a base cash consideration of $20 million and is expected to be completed within 180 days from the signing date. Capillary Technologies made a muted debut on the stock exchange, listing at Rs 560 per share on the BSE, a 3% discount to its issue price of Rs 577. On the NSE, the stock opened slightly higher at Rs 571.9. On the financial front, Capillary Technology’s revenue from operations increased 16% to Rs 184 crore in Q3 FY26. On the other hand, its profit decreased by 20% to Rs 8 crore in the same period. At the end of today’s trading session, Capillary Technologies’ share price stood at Rs 512, giving the firm a total market capitalization of Rs 4,067 crore ($447 million).

Gensol’s crisis: stock slump, ICRA downgrade, and BluSmart link

EntrackrEntrackr · 12m ago
Gensol’s crisis: stock slump, ICRA downgrade, and BluSmart link
Medial

A downgrade by ratings agency ICRA has sent the Gensol Engineering stock on a tailspin, with the stock falling over 40% in the past four days. Gensol Engineering, an Ahmedabad-based company engaged in solar EPC and EV leasing, had been a well-regarded firm in the sector, known for its solar EPC and O&M business. They have claimed that an electric car it developed and shared a prototype of at the recent Bharat Mobility Expo received over 30,000 pre-bookings. The promoters of Gensol also happen to be founders of BluSmart. Even in its Q3 results, the firm declared that total revenues increased 30% to Rs 345 crore from Rs 266 crore a year ago. However, a drop in profit after tax to Rs 6 crore versus Rs 17 crore a year back led to pressure on the stock price. The turmoil began when ICRA downgraded Gensol’s credit rating from BBB- (Stable) to D (Junk/Default), raising concerns over the company’s debt servicing and corporate governance practices. The rating agency claimed that documents shared by Gensol regarding its debt servicing were falsified, casting doubts on the company’s liquidity position. Additionally, ICRA highlighted a rise in the promoter’s pledge, which increased from 79.8% in September 2024 to 85.5% in February 2025. ICRA also noted BluSmart’s financial struggles, including delayed payments on its Non-Convertible Debentures (NCDs). Gensol’s promoters planned an equity infusion of Rs 244 crore in FY25 through preferential share warrants, of which Rs 140 crore has been invested. The remaining Rs 100 crore funding has been delayed by about a year. In response to the crisis, Gensol announced plans to reduce its debt by Rs 665 crore, comprising Rs 315 crore from the sale of approximately 3,000 EVs and Rs 350 crore from selling US operations of a wholly-owned subsidiary, Scorpius Trackers. The company’s current debt stands at Rs 1,146 crore after repaying approximately Rs 230 crore in the current financial year. Chairman and Managing Director Anmol Singh Jaggi appeared on business news channels after the credit downgrade, reassuring stakeholders of Gensol’s growth plans and expressing confidence in restoring its credit rating within three months. Meanwhile, the company faced leadership changes with CFO Ankit Jain resigning and Jabir Aga being reappointed. The turmoil places recent project wins, such as 520 MW in two separate projects at Khavda and a total of 500 MW of BESS projects from GUVNL, in the spotlight. Failure to resolve financial troubles could lead to project cancellations. With ratings at Default, Gensol currently cannot access financial institutions and must achieve an upgrade to start tapping funding lines.

Funding and acquisitions in Indian startups this week [20-25 May]

EntrackrEntrackr · 1y ago
Funding and acquisitions in Indian startups this week [20-25 May]
Medial

During the week, 24 Indian startups raised around $444 million in funding. These deals include 5 growth-stage deals and 14 early-stage deals. Meanwhile, two early-stage startups did not disclose the amount raised. Last week, about 26 early and growth-stage startups collectively raised around $240 million capital. [Growth-stage deals] Among the growth-stage deals, 5 startups raised $394.21 million in funding this week. Horizontal e-commerce major Flipkart led the list with $350 million infusion by Google. The list followed by financial services platform Navi which scooped $18 million in debt. Managed accommodation provider Stanza Living, rural financial services company Save Solution, and NBFC operating in remote rural parts, Dvara KGFS, also raised funding during the week. [Early-stage deals] Subsequently, 14 early-stage startups scooped funding worth $49.6 million during the week. SaaS startup UnifyApps spearheaded the list followed by solar energy platform Soleos Solar Energy, NBFC Varthana, and producer of high-quality Single-Walled Carbon Nanotubes (SWCNTs) NoPo Nanotechnologies. The list of early-stage startups also includes five startups that kept the funding amount undisclosed: Collective Artists Network, 8chili, Agrilectric, Fix My Curls, and Infinx. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Bengaluru-based startups led with 14 deals followed by Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Ludhiana, and Chennai. Segment-wise, e-commerce and fintech startups grabbed the top spot with five deals each followed by healthtech startups. The list further counts Agritech, AI, Biotech and Décor startups among others. [Series-wise deals] During the week, Seed funding deals led the list with 7 deals followed by 6 Series A deals while Debt, Pre-Series A, and Pre-Seed are next on the list among others. [Week-on-week funding trend] On a weekly basis, startup funding surged 85% to $444 million as compared to around $239.7 million raised during the previous week. The average funding in the last eight weeks stands at around $262 million with 27 deals per week. [Key hirings and departure] Among key hirings, Mathew George has been appointed as CFO by Captain Fresh, CarDekho appointed Neelesh Talathi as CFO, while Anuj Rathi and Pratyusha Aggarwal have been appointed as the CEOs by ClearTrip and Flipkart’s Shopsy, respectively. Meanwhile, Rahul Chaudhary, Investor of Matrix Partners, has resigned from his position to start his own venture. Additionally, Rajnish Kumar and T V Mohan Das Pai are set to leave the advisory council of BYJU’s. [Fund launches] IVY Growth Associates has launched Arigato Capital, a SEBI-registered Category I AIF VC fund, targeting a corpus of Rs 250 crore. Finvolve has closed two maiden angel funds with a total corpus of Rs 100 crore, aiming to back 25-35 startups with an average investment of Rs25 lakh per startup. ThinKuvate has launched ThinKuvate India Fund – I with a total corpus of Rs 100 crore, focusing on tech startups with an initial investment of up to Rs 3 crore per startup. Databricks Ventures has launched Databricks AI Fund, focusing on AI startups. Caret Capital has launched Caret360 Accelerator Programme, offering selected startups up to Rs 3 crore in investment and mentoring. [M&A] CashFlo, a finance automation and payments platform, is set to acquire LogiTax, a tax compliance management solution provider. Meanwhile, Noise, backed by Bose, has acquired SocialBoat to develop AI for wearables. [ESOPs] Urban Company has announced its largest employee stock secondary sale worth Rs 203 crore, with 446 employees participating. The beneficiaries are between 23 and 56 years old, with 28% being women. Dharana Capital, Vy Capital, and Prosus will purchase these shares from former and current staff. This sale allows employees to liquidate their vested stocks, with around 784 employees having participated in five buybacks, liquidating ESOPs worth Rs 306 crore. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [New launches] Upstox forays into insurance distribution [Financial results this week] MamEarth-parent Honasa posts Rs 1,920 Cr revenue, Rs 110 Cr PAT in FY24 Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24 Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24 Tracxn posts flat scale in FY24; profit declines 80% [News flash this week] Ixigo gets SEBI nod for IPO; Oyo withdraws listing plans Pine Labs receives Singapore Court nod to shift base to India Go Digit makes entry into public market at 5% premium MamaEarth’s parent Honasa is the top ad violator of FY24 Dunzo’s key investor, Lightbox steps down from the board Paytm to halt postpaid loans, pauses small personal loans biz [Conclusion] The weekly funding surged 85% to $444 million majorly driven by Flipkart’s $350 million funding in its ongoing $1 billion fundraise. The week saw five new fund launches namely IVY Growth, Finvolve, ThinKuvate, Databricks Ventures, and Caret Capital. Paytm has announced a pause on its small personal loans business, including its Postpaid portfolio, due to a decline in asset quality across the industry. Paytm Postpaid, initially a buy-now-pay-later product, was transitioned to personal loans in December 2023. Dunzo’s key investor, Lightbox, has stepped down from its board seat amid ongoing financial struggles. Lightbox was the third-largest shareholder in the company with 11% stake. The move leaves Dunzo without representation from any primary investors. Previous board exits in 2023 included representatives from Reliance Retail, Lightrock, and co-founders Dalvir Suri and Mukund Jha. The current board consists of cofounder and CEO Kabeer Biswas and STIC Investments’ Hongjim Kim. According to the Advertising Standards Council of India’s annual report for FY24, MamaEarth parent Honasa has emerged as the biggest advertising violator with 187 instances. Honasa’s other brands, including Dr. Sheth’s Skin and Hair Clinic, Aqualogica, The Derma Co., and Ayuga, also made the list. Other notable violators include unicorns like 1 MG’s HealthKart, FirstCry, Lenskart, Flipkart, and Myntra, as well as listed companies such as Nykaa, Zomato, Zoomcar, Netflix India, and Apple India. Le Travenues Technology Limited, operator of ixigo, has received SEBI approval for its IPO, aiming to raise Rs 120 crore through fresh issues and offering up to 66.7 million shares for sale. Go Digit received a modest market debut. The insurance tech company’s shares were listed at Rs 286 per share on NSE, a 5.1% premium over the issue price of INR 272. Meanwhile, Oyo withdrew its IPO plans and is now seeking $80-90 million funding at an 80% haircut in valuation. Additionally, Pine Labs has received approval from a Singapore court to move its domicile to India.

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