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Trade Spotlight: How should you trade DLF, Cummins India, KEI Industries, Poly Medicure, and others on Wednesday?

Money ControlMoney Control · 1y ago
Trade Spotlight: How should you trade DLF, Cummins India, KEI Industries, Poly Medicure, and others on Wednesday?
Medial

The stock market showed positive momentum on August 20, with 1,494 shares advancing against 881 declining shares on the NSE. The Nifty 50 is predicted to reach 24,800 as long as it holds above 24,650. Here are some stock trading ideas for the near term: Poly Medicure is moving in an upward-sloping channel and has bullish indicators, with a target of Rs 2,400. KEI Industries has a positive trend and could reach Rs 4,900-5,000 with a buy-on-dips approach. Vijaya Diagnostic Centre is in a strong uptrend and could move towards Rs 980-990. Cummins India has formed a strong base and could reach Rs 4,100. DLF is showing upward momentum and could reach Rs 950. Lastly, EID Parry India is in a strong uptrend and could reach Rs 880.

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Trade Spotlight: How should you trade TCS, SBI Life, India Cements, Tata Consumer, Canara Bank, and others on Friday?

Money ControlMoney Control · 1y ago
Trade Spotlight: How should you trade TCS, SBI Life, India Cements, Tata Consumer, Canara Bank, and others on Friday?
Medial

The Nifty 50 reached a new closing high, and market experts have shared their top buy ideas for the near term. Amol Athawale from Kotak Securities recommends buying Canara Bank with a target of Rs 125, DLF with a target of Rs 905, and Bata India with a target of Rs 1,640. Mandar Bhojane from Choice Broking suggests buying Tata Consultancy Services with a target of Rs 4,600, Cholamandalam Investment and Finance with a target of Rs 1,600, and Bajaj Finserv with a target of Rs 1,740. Chandan Taparia from Motilal Oswal Financial Services advises buying Tata Consumer Products with a target of Rs 1,250 and Oil and Natural Gas Corporation with a target of Rs 350. Finally, Drumil Vithlani from Bonanza Portfolio recommends buying Bajaj Consumer Care with a target of Rs 300, India Cements with a target of Rs 370, SBI Life Insurance Company with a target of Rs 1,715, and Finolex Industries with a target of Rs 355.

Karnataka HC gives govt one month to decide on bike taxi policy

EntrackrEntrackr · 4m ago
Karnataka HC gives govt one month to decide on bike taxi policy
Medial

Karnataka HC gives govt one month to decide on bike taxi policy The Karnataka High Court on Wednesday gave the state government a month to decide whether to frame a bike taxi policy, noting that there are “lives at stake in this matter.” A division bench of Chief Justice Vibhu Bakhru and Justice C M Joshi was hearing appeals by Rapido, Uber, and Ola against a single-judge order that barred bike taxi operations in Karnataka unless specific rules were issued under the Motor Vehicles Act. The court declined to grant interim relief but said the state should not “put everything into freeze” while a decision is pending. The bench observed that permitting cars and autorickshaws as taxis while excluding motorcycles could raise constitutional concerns under Articles 14 (equality before law) and 19(1)(g) (right to carry on trade). It added that the absence of regulation cannot automatically mean prohibition. Summarising the submissions by the platforms, the court recorded, “A blanket prohibition is unconstitutional since bike taxis are a legitimate business. In the absence of regulations, the business cannot be treated as illegal and should be allowed. The ban is therefore arbitrary, unreasonable, and violative of Articles 14 and 19(1)(g).” Bike taxis have long been a point of debate in Karnataka. The state government has resisted legalising them, citing safety and traffic concerns, even as 13 other states including Delhi and Telangana have already put regulations in place. In July, the Centre revised its Motor Vehicle Aggregator Guidelines to let states authorise bike taxis through permits, with rules such as capping surge fares at twice the base fare and allowing private motorcycles for commercial use. States were given three months to adopt these rules, but Karnataka has yet to act, leaving bike taxi services in a grey zone. Meanwhile, a Moneycontrol report said that Rapido and Uber resumed bike taxi services in Bengaluru on August 21.

Shilpa Shetty-backed WickedGud raises Rs 20 Cr

EntrackrEntrackr · 24d ago
Shilpa Shetty-backed WickedGud raises Rs 20 Cr
Medial

Shilpa Shetty-backed WickedGud raises Rs 20 Cr Shilpa Shetty-backed WickedGud, a direct-to-consumer (D2C) food products brand, has raised Rs 20 crore in its latest funding round from existing investors, including Orios Venture Partners, Asiana Fund, Shilpa Shetty, and others. The round also saw participation from Shajikumar Devakar, Ajay Mehta, Sonika Ravula, and Rahul Colaco. The Mumbai-based startup had previously raised Rs 20 crore from the same investors in December last year and $250,000 in June 2023. The proceeds will be deployed to expand its presence across modern trade, general trade, and digital platforms, strengthen supply chain and backend capabilities, and accelerate innovation in high-velocity categories such as cup noodles and Korean-style spicy noodles, WickedGud said in a press release. Co-founded in 2021 by Bhuman Dani, WickedGud is a D2C startup focused on “unjunking” India, one kitchen at a time, with a range of healthy yet indulgent food products. Its offerings are made using wholesome ingredients and manufactured using innovative steaming and convection air drying (SCAD) technology. According to WickedGud, it operates in the large and highly competitive instant noodles and pasta segment, where taste, accessibility, and price sensitivity are key drivers of scale. The company’s focus on improving everyday staples through a better-for-you lens has helped it appeal to a broad consumer base without positioning itself as a niche or premium-only brand. The brand is currently available across leading online and quick-commerce platforms, including Amazon, Blinkit, Instamart, Zepto, BigBasket, and Flipkart. In addition to its digital presence, WickedGud has an offline footprint across more than 5,000 retail outlets nationwide, including over 1,500 Reliance Smart Bazaar stores and 50 DMart stores. Recently, the company launched a Rs 20 value pack of Masala Noodles for general trade, aimed at improving affordability and driving higher volumes in price-sensitive markets. It is also expanding its Korean-style noodles portfolio with new flavours, including Korean Fiery 2x Spicy, Korean Chilli Cheese, and Korean Chilli Chicken.

Toy marketplace Snooplay raises pre- Series A1 round led by Pravek Family Office

EntrackrEntrackr · 5m ago
Toy marketplace Snooplay raises pre- Series A1 round led by Pravek Family Office
Medial

Toy marketplace Snooplay raises pre-Series A1 round led by Pravek Family Office Toy marketplace Snooplay has raised Rs 8 crore in a pre-Series A1 funding round led by Pravek Family Office along with participation from other strategic angel investors. Prior to this, the Noida-based company had raised $535K in a seed funding round from Ajay Kumar Gupta and others. The proceeds will be utilized to launch its two proprietary innovative tech products that aim to transform how India discovers, buys, and recirculates toys - through AI, data, and empathy, Snooplay said in a press release. Co-founded in 2019 by Aanchal Mahajan and Brij Raj Singh, Snooplay builds a full-stack, AI-powered toy platform that integrates discovery, purchase, and guilt-free disposal into one seamless ecosystem. The company’s proprietary Toy Intelligence Database—an industry-first effort to map toys to developmental skills, moods, play types, and learning goals. “We are building India’s only toy app that’s serious about play. An app that helps you discover and buy the right toy when your child needs it and lets you trade it in for store credits once they’ve outgrown it. No clutter, no guilt. Just a smarter way to play,” said Aanchal Mahajan, co-founder, Snooplay. Snooplay claims that it houses over 35,000 toys from more than 600 brands, and serves a growing community of Indian parents, collectors and gift-givers. The platform aims to create a single, intelligent loop of smarter discovery and guilt-free exit - making Snooplay the first App in India to build infrastructure around play. Snooplay intends to expand its buyback program in collaboration with NGOs, enabling sustainable toy donations and encouraging conscious consumption. The brand will strengthen its private label offerings across modern retail outlets, e-commerce marketplaces, and curated gifting verticals, while also enhancing its technology, logistics, and operational backbone. The other prominent companies in the toy industry include Funskool, Mattel Toys (India), Simba Toys India, Hamleys (India), Hasbro India, and Lego India.

RockClimber banks on authenticity and quality to tap into India’s beverage market

EntrackrEntrackr · 1y ago
RockClimber banks on authenticity and quality to tap into India’s beverage market
Medial

India has a massive beverage market with many established brands, though several new players, such as Bira, have also made their mark. Considering the sheer size of the market, it’s safe to say that there’s ample scope for newcomers. One such new player is RockClimber. The company creates fruit beverages and fruit spirits designed specifically for India, made from locally grown fruits like jamun, grapes, pomegranate, kiwi, mulberry, and litchi, among others. One of the company’s objectives is to help reduce fruit wastage and create a sustainable ecosystem for farmers and fruit produce. We spoke to Cofounder Hariprasad Shetty to learn more about RockClimber, what distinguishes it from the competition, and the roadmap ahead. Here are the edited excerpts: The beverage market is filled with multiple brands, including some very established ones. How do you plan to stand out from the competition? As a truly authentic fruit based beverage brand, we are committed to using high quality fruits with an experimentative approach to crafting unique fruit combinations that incorporate global flavour trends. This has allowed us to offer a very diverse range of exciting and refreshing beverages while keeping fruits at the center of everything we do. That’s what makes us stand out from the rest of the competition – we see ourselves as fruit experts and our products are fresh and engage with the evolving consumer preferences. So our focus is on delivering an uncompromising product experience. We source the finest fruits from across the country. This commitment to authenticity and quality sets us apart from many competitors who rely heavily on artificial flavors and preservatives. And the traction we have had in the last three years also points to how we have been accepted in the market. [FY 22 7 Cr, FY 23 7 Cr, FY 24 25 Cr, FY 25 60-70 Cr domestic and 30-35 outside India = 100 Cr+ target] 140 strong distributor network across 11 states. 3 million + bottles of beverages sold. 3000 tons of fruits processed sourced from a farmer base of 200,000 small scale fruit farmers producing grapes, pomegranate, pineapple, jamun, strawberry, mango etc. What is your offline and distribution strategy, usually the key to robust growth in your category? Most of the work should happen before Day Zero – the launch day. We recognized early on that a robust distribution network is the backbone of success in this business. We adopted a systematic approach to build our distribution network from the ground up. Mapping out territories and identifying potential distributors and retailers who could penetrate different markets. We only went ahead with experienced and reputable distributors who had an in-depth understanding of local market dynamics and consumer preferences. What is your strategy for online? Are you considering partnerships with any quick commerce platform? Yes, now that we have a headway in the distribution aspect and have achieved product market fit, we are now going to go aggressive on the marketing front especially online channels. What are the incentives for a farmer dealing with your platform other than the convenience of direct sale and price? Farmers are looking for a stable assured source of income every year. Timely procurement of their fruit produce, immediate payments, reduction in time to sale, and providing access to a large pool of buyers are all the benefits farmers get by working with us. We started with 500 tons of fruit procurement, and now at over 5000 tons. We aim for 10X procurement volumes in the next 2-3 years, thereby contributing to 10 times reduction in fruit loss, and hence a direct positive impact on small scale farmers livelihood and stable income generation. As we expand our facilities, we aim to recruit local talent to be part of our company and thereby directly provide employment opportunities as well. RockClimber aims to: Scale to 10,00,000 farmer base in the next 3 years Platform building for farmer outreach, communication, and forecasting Patented mobile fruit processing system Export unit in select locations for UAE and Africa markets You also mentioned entering the UAE and Africa markets. What is your roadmap for global expansion? And why particularly these two markets? We expect 30-35% revenues coming in from global markets in the near term. Particularly markets like UAE are huge on experimentation as consumers there are well traveled and have an international palette. We see a large market opportunity in the innovative – new age beverage category in this region.

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