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Trade Spotlight: How should you trade Grasim, Syngene, Birlasoft, ADF Foods, KFin Technologies, and others on Wednesday?

Money ControlMoney Control · 12m ago
Trade Spotlight: How should you trade Grasim, Syngene, Birlasoft, ADF Foods, KFin Technologies, and others on Wednesday?
Medial

The stock market closed with moderate gains, and here are some trading ideas for the near term: 1. Century Textiles and Industries: The stock is showing positive momentum and is currently trading at lifetime high levels. Use dips as a buying opportunity, with targets of Rs 2,650-2,700. 2. KFin Technologies: The stock witnessed a sharp rally and made a lifetime high. The trend is bullish, and one can adopt a buy-on-dips approach with targets of Rs 1,200 and Rs 1,240. 3. ADF Foods: The stock closed above a key level, confirming a breakout. The trend is positive, and one can consider buying on dips with targets of Rs 290-295. 4. Castrol India: The stock formed a bullish candle with higher volumes, indicating strong momentum. It is trading above its 20 DMA and has a positive outlook. Consider initiating a long position with a target of Rs 305. 5. Birlasoft: The stock is showing an upward trend and has strong volume participation. It is sustaining above its 20 DMA and has a bullish outlook. Consider buying with a target of Rs 700. 6. ICICI Prudential Life Insurance Company: The stock is forming higher highs and higher lows, indicating a sustained uptrend. It is positioned well above its short-term moving average, with a positive RSI reading. Consider buying with a target of Rs 790. 7. Syngene International: The stock is exhibiting robust momentum and is likely to extend its upward trajectory towards targets of Rs 880-900. Consider buying with a strict stop-loss. 8. Jindal Steel & Power: The stock is showing a solid upward trend with increasing volumes. Consider buying with targets of Rs 1,010 and Rs 1,026. 9. Grasim Industries: The stock is showing encouraging momentum and is approaching its support zone. Consider buying with targets of Rs 2,800 and Rs 2,825. 10. Dixon Technologies: The stock has recently broken out and is currently experiencing a pullback. Consider buying on declines with a target of Rs 14,000.

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Stock Radar: Titan, Jio Financial, Bandhan Bank, Lupin, CG Power, Diffusion Engineers, GAIL in focus on Monday

Money ControlMoney Control · 10m ago
Stock Radar: Titan, Jio Financial, Bandhan Bank, Lupin, CG Power, Diffusion Engineers, GAIL in focus on Monday
Medial

- Quarterly earnings (YoY) of companies such as Titan Company, Induslnd Bank, Bandhan Bank, Poonawalla Fincorp, Jammu & Kashmir Bank, AU Small Finance Bank, IDBI Bank, RBL Bank, Godrej Properties, L&T Finance, Macrotech Developers, Federal Bank, Metropolis Healthcare, Indian Bank, Union Bank of India, Utkarsh Small Finance Bank, Equitas Small Finance Bank, Dhanlaxmi Bank, Ujjivan Small Finance Bank, Adani Wilmar expected to be released. - SEBI grants in-principle approval for Jio Financial Services and BlackRock Financial Management Inc to set up a proposed mutual fund. - GAIL (India) signs MoU with AM Green to jointly develop renewable energy and green chemical projects. - Lupin receives five observations from the US FDA for its biotech facility in Pune. - Antony Waste Handling Cell's subsidiary wins a contract worth Rs 908 crore from Navi Mumbai Municipal Corporation for waste collection and transportation. - CFO resignations at Univa Foods (Sandhya Rani Koochana) and Mahanagar Telephone Nigam (Vinay Srivastav). - BLS International Services completes the acquisition of Citizenship Invest for $31 million. - Paytm's Chief Technology Officer - Payments, Manmeet Singh Dhody, steps down and transitions to a new role as an AI Fellow, while Deependra Singh Rathore is appointed as the new CTO - Payments. - Gravita India plans to raise up to Rs 1,000 crore through the issuance of equity shares and makes management changes. - Akzo Nobel India's parent company, Akzo Nobel NV, conducts a strategic review of its portfolio, focusing on its decorative paints positions in South Asia. - Apollo Tyres' stake increases as LIC buys 3 lakh additional shares. - R Systems International witnesses a significant stake sale by Non-Resident Indian Bhavook Tripathi. - HDFC Bank witnesses a block deal as BNP Paribas Financial Markets sells equity shares to Morgan Stanley Asia (Singapore) Pte and Citigroup Global Markets Mauritius. - SME listings on October 7: HVAX Technologies, Saj Hotels. - Stocks will trade ex-dividend: Jupiter Wagons, KP Energy. - Rights offered by Geojit Financial Services trade ex-date. - F&O ban on GNFC, Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank. Note: This content is for informative purposes only and not a recommendation to invest or trade.

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

EntrackrEntrackr · 4d 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.

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

EntrackrEntrackr · 25d 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.

Your-Space posts Rs 142 Cr revenue in FY24; losses up 20%

EntrackrEntrackr · 10m ago
Your-Space posts Rs 142 Cr revenue in FY24; losses up 20%
Medial

Student housing startup Your-Space recorded steady growth, with revenue surpassing Rs 140 crore in the fiscal year ending March 2024. However, the Delhi-based company also saw a slight increase in losses during the same period. Your-Space’s revenue from operations increased by 21.8% to Rs 142.7 crore in FY24 from Rs 117.2 crore in FY23, according to its consolidated financial statement filed with the RoC. Your-Space is a student housing company providing affordable PGs, hostels, and co-living spaces for girls and boys. The company operates over 60 smart spaces equipped with tech-enabled safety features such as facial recognition, biometrics, and digital locks. Income from residential services accounted for 99.5% of total operating revenue, which grew by 30%, reaching Rs 142.96 crore in FY24 compared to Rs 109 crore in FY23. The remaining income was derived from the sale of food, electricity, and other allied services. For the student housing startup, rental costs for accommodations accounted for 52.6% of total expenses, rising by 34% to Rs 92.2 crore in FY24 from Rs 68.9 crore in FY23. Employee benefits were Rs 21.1 crore in FY24. Additional overheads, including facility repairs and maintenance, advertising, and transportation, contributed to total expenses of Rs 175.3 crore in FY24, reflecting a 20% increase compared to FY23. See TheKredible for the complete expense breakdown. Your-Space recorded losses of Rs 30.7 crore in FY24, up from Rs 25.5 crore in FY23. Its ROCE and EBITDA margin stood at -809.54% and -69.15%, respectively. The company spent Rs 1.23 to earn a rupee of operating revenue in the last fiscal year (FY24). FY23-FY24 FY23 FY24 EBITDA Margin -14.47% -14.57% Expense/₹ of Op Revenue ₹1.24 ₹1.23 ROCE -69.15% -809.54% The eight-year-old startup has raised Rs 129 crore to date, including a $10 million round led by personal investments from Shantanu Rastogi (General Atlantic) and Ajay Gupta’s (Capital Foods) family office, AJAX Capital, along with Holy Basil Consultancy. The startup competes with Abuzz Oxfordcaps, Stanza Living, University Living, and Housr, among others. The student housing market offers two distinct opportunities. One, tie-in with large universities to manage hostels for them as a service provider, as Good Host Space has done with its hostel model, primarily in association with the Manipal Group. And then there is the second model to provide student housing in the environs of colleges and universities independently, to fill the gaps in those markets. Both models have their advantages, with the Your-Space model relatively insulated from policy impact, but facing higher marketing and promotion costs, for instance.Irrespective, much like higher education itself, the sector faces interesting times ahead should the murmurs around rising costs into a clamour for a deeper view on education costs, where hotel costs have become a significant component. A sector where cost escalations have to be considered very carefully, however large the potential and existing size, will always lead to some investor wariness, and explains the relatively later entry of these startups to the funding party. The student housing sector is fast reaching that point where a breakthrough on the stability of the business model and visibility of growth prospects will be needed more clearly soon to keep attracting investor interest.

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.

Funding and acquisitions in Indian startup this week [25 - 30 Nov]

EntrackrEntrackr · 8m ago
Funding and acquisitions in Indian startup this week [25 - 30 Nov]
Medial

During the week, 18 Indian startups raised around $54.43 million in funding. These deals include 2 growth-stage deals and 13 early-stage deals while 3 startups kept their transaction details undisclosed. Last week, 23 early and growth-stage startups cumulatively raised around $596 million in funding. Among the growth-stage deals, 2 startups raised $13 million in funding this week. Direct-to-customer (D2C) e-commerce solutions provider ShopDeck is on top with $8 million in funding. MSME-focused digital lender NeoGrowth raised $5 million. Further, 13 early-stage startups secured funding worth $41.43 million during the week. Global manufacturer of plastic promotional toys SM Toys (Candytoy Corporate) led the list followed by commercial EV leasing and asset management ALT Mobility, cross-border specialty chemical distribution platform Elchemy, D2C platform for baby and mothercare products All Things Baby, and smart kitchen appliance brand Beyond Appliances. Meanwhile, DevX, BitSave, and ElecTrade also raked in funding but did not disclose the transaction details. For more information, visit TheKredible. In terms of the city-wise number of funding deals, Delhi-NCR-based startups led with 5 deals followed by Mumbai, Bengaluru, Ahmedabad, Indore, Kochi, Hyderabad, and Surat. Segment-wise, E-commerce startups are on the top spot with 6 deals. Manufacturing, EV, Chemicals, and Fintech startups followed the list among others. During the week, Series A and pre-Series A funding deals are at the top with 5 deals each followed by Seed, pre-seed, Series B, and Debt deals. On a weekly basis, startup funding dwindled 90.9% to $54.43 million as compared to around $596 million raised during the previous week. The average funding in the last eight weeks stands at around $263 million with 24 deals per week. As many as two startup-focused funds launched this week namely Stellaris Venture Partners and Kenro Capital. The startup ecosystem witnessed 2 notable hires this week. Battery Smart onboarded Amit Bhardwaj as CFO and Allianz Partners welcomed Michael Buttstedt as finance chief and board member. Additionally, Sriram Krishnan resigned from Andreessen Horowitz (a16z), Peak XV’s partner Anandamoy Roychowdhary left the firm, and Unacademy’s SVP of Design Hardik Pandya exited. E-commerce firm Nykaa announced acquired majority stakes in Earth Rhythm, Nodwin Gaming purchased Trinity Gaming, and ISMG took a majority stake in Nullcon. StockGro, a platform for learning about trading and investments, announced that it has conducted two Employee Stock Option Plan (ESOP) buyouts between 2023 and 2024. StockGro offered these buyouts purely to provide employees with the chance to cash in on their vested shares. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. Uber rolls out 'Uber One' loyalty programme in India. Meesho unveils Gen AI-powered multilingual voice bot. Miko set to raise Rs 28 Cr in Series C round. OneCard to secure $28.5 Mn in new funding round. Innov8 eyes fresh funds worth Rs 100 Cr. Sugar Cosmetics to raise funding from Anicut, Malabar. Univest plans to raise $16 Mn funding. Incupaze seeks $25 Md funding. Bloom Hotels posts Rs 250 Cr revenue in FY24; profit spikes 2.3X. CitiusTech’s profit balloons 6X to Rs 350 Cr in FY24. DailyObjects’ revenue spikes 34% to Rs 84 Cr in FY24. Pratilipi approaches Rs 60 Cr revenue mark in FY24, cuts losses by 62%. Cars24 sells 2 lakh cars in FY24, revenue nears Rs 7,000 Cr. ApnaKlub reports Rs 537 Cr gross revenue in FY24 with sound economics. Beardo crosses Rs 170 Cr revenue in FY24; regains profitability. Lendingkart posts Rs 1,090 Cr revenue in FY24, profit slips. With 500% growth, Pocket FM joins Rs 1,000 Cr revenue club in FY24. ShareChat’s revenue grows 33% in FY24 to Rs 718 Cr. EV firm Bounce on track to report over Rs 150 Cr revenue by FY25. Flipkart-owned Cleartrip spent Rs 988 Cr to earn Rs 97 Cr in FY24. Info Edge-backed Gramophone GMV shrinks 70% in FY24. HealthKart reports Rs 1,021 Cr revenue and Rs 37 Cr PAT in FY24. Zomato secures Rs 8,500 Cr via QIP. CCI probes Google after Winzo alleges anti-competitive practices. Awfis reports insider trading violation by a senior executive. Nazara Technologies raises over $100 Mn via preferential issue. CCI nods to Google's investment in Flipkart and Temasek's in Rebel Foods. IIMA Ventures and Google partner to boost 22 AI startups. Amazon India to debut in quick commerce with 'Tez' launch. Tata Neu expands into quick commerce with Neu Flash. Flipkart penalized for unfair trade practice over defective product. Zomato CEO Deepinder Goyal waives salary until FY26. Ola Electric launches affordable e-scooters for gig workers. Angel One receives SEBI approval to enter the mutual fund business. Honda enters the EV market with Activa E and QC1 e-scooters. IT department issues notices to Paisabazaar over vendor payments. Zomato’s hyperpure introduces a 4-hour express delivery service. On a weekly basis, startup funding dwindled 90.91% to $54.19 million as compared to around $596 million raised during the previous week. The week saw two startup-focused fund launches namely Stellaris Venture Partners and Kenro Capital. Amazon India is set to enter the quick commerce segment with a new delivery service, code-named ‘Tez,’ which is expected to launch by late December or early next year. Tata Group's e-commerce platform, Neu, has also introduced a quick commerce service, Neu Flash, offering 15-minute deliveries in over 20 cities across India. The District Consumer Disputes Redressal Commission (Mumbai Suburban) found Flipkart guilty of unfair trade practices over a defective product. The Commission directed Flipkart and the seller to refund the product’s cost with interest and pay INR 10,000 as compensation to the customer. It also criticized Flipkart’s ‘no return policy’ for the product, deeming it an unfair trade practice. Ola Electric has launched two electric scooter models, S1 Z and Gig, aimed at gig economy workers and budget-conscious consumers. Priced at INR 39,999, the Ola Gig directly competes with players like Yulu, catering to short-distance commutes and delivery services, while the Gig+ variant is priced at Rs 49,999. The S1 Z starts at Rs 59,999, with the premium S1 Z+ priced at Rs 64,999, offering a range of affordable options for diverse user needs. Paisabazaar, owned by PB Fintech, has received notices from the Income Tax Department regarding payments made to certain vendors and their associated entities. Issued under the Prohibition of Benami Property Transactions Act, 1988, and Section 142(1) of the Income Tax Act, 1961, the notices seek documents and explanations about these transactions. The company, in its regulatory filing, stated that it is complying with prescribed timelines and will take all necessary steps to present and defend its case before the authorities.

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