CITI: BULLISH ON EQUITIES AHEAD OF U.S. MIDTERMS 📈
• Citi remains Overweight on equities.
• Recommends adding exposure if markets see a pullback.
• Supportive earnings revisions and improving liquidity remain positive.
• Favors U.S. stocks; sector rotation could limit downside.
• Historically, pre-midterm weakness has often been followed by strong year-end gains.
• Citi remains Overweight on equities.
• Recommends adding exposure if markets see a pullback.
• Supportive earnings revisions and improving liquidity remain positive.
• Favors U.S. stocks; sector rotation could limit downside.
• Historically, pre-midterm weakness has often been followed by strong year-end gains.
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JBM AUTO: EV SUBSIDIARY FUND-RAISING UPDATE
• Media report relates to JBM Electric Vehicles Pvt Ltd.
• Subsidiary is evaluating potential fund-raising options to support growth and expansion.
• No fund-raising transaction has been confirmed yet.
• Company said there is currently no material information requiring SEBI Regulation 30 disclosure.
• Media report relates to JBM Electric Vehicles Pvt Ltd.
• Subsidiary is evaluating potential fund-raising options to support growth and expansion.
• No fund-raising transaction has been confirmed yet.
• Company said there is currently no material information requiring SEBI Regulation 30 disclosure.
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🤝 PREMIER EXPLOSIVES: SEBI CLEARS NEXT STEP FOR APOLLO MICRO SYSTEMS OPEN OFFER
• Apollo Micro Systems open offer for up to 1.40 Cr shares (26% stake)
• Open offer price: ₹698/share
• Tendering to begin within 12 working days of CCI approval
• Payment to shareholders within 10 working days after tendering closes
• 10% p.a. interest applicable for payment delays arising from pending approvals
• CCI approval remains the key trigger for the tendering process
• Apollo Micro Systems open offer for up to 1.40 Cr shares (26% stake)
• Open offer price: ₹698/share
• Tendering to begin within 12 working days of CCI approval
• Payment to shareholders within 10 working days after tendering closes
• 10% p.a. interest applicable for payment delays arising from pending approvals
• CCI approval remains the key trigger for the tendering process
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ODISHA STATE GOVT:
PRASOL CHEMICALS TO ESTABLISH PHOSPHOROUS-BASED DERIVATIVES MANUFACTURING PLANT WITH INVESTMENT OF 4.50B RUPEES
PRASOL CHEMICALS TO ESTABLISH PHOSPHOROUS-BASED DERIVATIVES MANUFACTURING PLANT WITH INVESTMENT OF 4.50B RUPEES
ULTRATECH
Co in JV with Grasim Ind & Hindalco to incorporate UHG Holdings IFSC
UHG Holdings IFSC to be incorporated in GIFT City, Gujarat
Hindalco to hold 50%, UltraTech 41% & Grasim 9% in UHG Holdings
UHG to own, lease aircraft, ships & other transportation modes
Co in JV with Grasim Ind & Hindalco to incorporate UHG Holdings IFSC
UHG Holdings IFSC to be incorporated in GIFT City, Gujarat
Hindalco to hold 50%, UltraTech 41% & Grasim 9% in UHG Holdings
UHG to own, lease aircraft, ships & other transportation modes
USCanadaTradeDeal | Canada Suspends Trade Negotiations With The US
Canada’s PM MarkCarney Says:
🇺🇸🇨🇦Last-Minute Changes To US Terms Were Unfair And Uneconomic
🇺🇸🇨🇦US To Impose 50% Tariff On Nearly $28 Bn Of Canadian Goods. Canada To Match US Tariffs Dollar-For-Dollar
🇺🇸🇨🇦Canada To Announce Additional Support Measures For Workers And Businesses. Canadian Govt Advancing Nearly $500 Bn In Major Infra Projects
Canada’s PM MarkCarney Says:
🇺🇸🇨🇦Last-Minute Changes To US Terms Were Unfair And Uneconomic
🇺🇸🇨🇦US To Impose 50% Tariff On Nearly $28 Bn Of Canadian Goods. Canada To Match US Tariffs Dollar-For-Dollar
🇺🇸🇨🇦Canada To Announce Additional Support Measures For Workers And Businesses. Canadian Govt Advancing Nearly $500 Bn In Major Infra Projects
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SENIOR TRUMP ADMINISTRATION OFFICIAL
US-Canada Meetings Were Very Candid, Not Acrimonious
Canada Had A Desire For More Concessions
There Are No Scheduled Negotiation Meetings With Canada
We Don't Anticipate Retaliation From Canada For New Tariffs
Deal Would Have Addressed Canada's Prior Retaliation
If This Deal Would Have Been Reached, We Would Have Had USMCA Negotiations With Canada
Our Sole Interest Is Protecting Americn Jobs, Securing Supply Chains And Reshoring Manufacturing
It was just a couple of areas where Canada wanted more section 232 tariff relief than US Was willing to give
US-Canada Meetings Were Very Candid, Not Acrimonious
Canada Had A Desire For More Concessions
There Are No Scheduled Negotiation Meetings With Canada
We Don't Anticipate Retaliation From Canada For New Tariffs
Deal Would Have Addressed Canada's Prior Retaliation
If This Deal Would Have Been Reached, We Would Have Had USMCA Negotiations With Canada
Our Sole Interest Is Protecting Americn Jobs, Securing Supply Chains And Reshoring Manufacturing
It was just a couple of areas where Canada wanted more section 232 tariff relief than US Was willing to give
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📊 HERANBA INDUSTRIES — Q1 RESULTS
• Net Profit: ₹7.03 Cr, up 11% YoY vs ₹58.32 Cr loss QoQ
• Revenue: ₹383.20 Cr, down 15% YoY but up 20% QoQ
• EBITDA: ₹49.10 Cr, up 57% YoY vs ₹23.28 Cr loss QoQ
• EBITDA Margin: 12.8% vs 6.9% YoY and -7.3% QoQ
• Net Profit: ₹7.03 Cr, up 11% YoY vs ₹58.32 Cr loss QoQ
• Revenue: ₹383.20 Cr, down 15% YoY but up 20% QoQ
• EBITDA: ₹49.10 Cr, up 57% YoY vs ₹23.28 Cr loss QoQ
• EBITDA Margin: 12.8% vs 6.9% YoY and -7.3% QoQ
📊 TEGA INDUSTRIES — ₹95.40 Cr PREFERENTIAL ISSUE
• Board approves preferential issue of 4,78,435 equity shares to AP Jupiter Holdings II Ltd.
• Issue Price: ₹1,994/share, including ₹1,984 premium
• Issue Size: ~₹95.40 Cr
• AP Jupiter Holdings II Ltd. is classified under the Public category.
• Issue is subject to shareholder and applicable regulatory/statutory approvals.
• Board approves preferential issue of 4,78,435 equity shares to AP Jupiter Holdings II Ltd.
• Issue Price: ₹1,994/share, including ₹1,984 premium
• Issue Size: ~₹95.40 Cr
• AP Jupiter Holdings II Ltd. is classified under the Public category.
• Issue is subject to shareholder and applicable regulatory/statutory approvals.
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🔴 NTPC — 5 WORKERS INJURED IN ODISHA PLANT EXPLOSION
🏭 An explosion was reported at NTPC’s plant in Angul, Odisha, injuring five workers.
• Cause of the blast is yet to be established.
• Three injured workers are reported to be stable.
• Two workers have been shifted to a Bhubaneswar hospital for advanced treatment.
• Extent of any operational disruption at the plant is not specified.
🏭 An explosion was reported at NTPC’s plant in Angul, Odisha, injuring five workers.
• Cause of the blast is yet to be established.
• Three injured workers are reported to be stable.
• Two workers have been shifted to a Bhubaneswar hospital for advanced treatment.
• Extent of any operational disruption at the plant is not specified.
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INDIAN BANKS’ $12 BILLION OVERSEAS DEBT SURGE: RBI SWAP WINDOW FUELS RECORD FUNDRAISING
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Dixon Amber in Focus
CHINESE SMARTPHONE GIANTS DEPEND HEAVILY ON INDIA: UP TO 35% OF GLOBAL SHIPMENTS COME FROM INDIA
India is the largest overseas market for Vivo, Oppo, Realme and OnePlus. In CY25, India accounted for 34% of Vivo’s, 23% of Oppo’s, 35% of Realme’s and 32% of OnePlus’s global shipments.
CHINESE SMARTPHONE GIANTS DEPEND HEAVILY ON INDIA: UP TO 35% OF GLOBAL SHIPMENTS COME FROM INDIA
India is the largest overseas market for Vivo, Oppo, Realme and OnePlus. In CY25, India accounted for 34% of Vivo’s, 23% of Oppo’s, 35% of Realme’s and 32% of OnePlus’s global shipments.
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POKARNA: CO RECEIVES GST SHOW CAUSE NOTICE FROM CENTRAL GST AUTHORITY (NELLORE) PROPOSING GST DEMAND AND MATCHING PENALTY TOTALING ₹4.71 CRORE OVER ALLEGED SHORT-PAYMENTS ON MERCHANT EXPORTER SUPPLIES AND BLACK GRANITE DISPATCHES.
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HERANBA INDUSTRIES:
CO BOARD APPROVES FURTHER INVESTMENT OF UP TO ₹25 CRORE IN ITS WHOLLY-OWNED SUBSIDIARY MIKUSU INDIA VIA A RIGHTS ISSUE TO SUPPORT GROWTH PLANS.
CO BOARD APPROVES FURTHER INVESTMENT OF UP TO ₹25 CRORE IN ITS WHOLLY-OWNED SUBSIDIARY MIKUSU INDIA VIA A RIGHTS ISSUE TO SUPPORT GROWTH PLANS.
HYUNDAI MOTOR INDIA:
CO GETS CRISIL AAA/STABLE RATING REAFFIRMED FOR ITS BANK LOAN AND SHORT-TERM DEBT FACILITIES WORTH ₹3,800 CRORE.
CO GETS CRISIL AAA/STABLE RATING REAFFIRMED FOR ITS BANK LOAN AND SHORT-TERM DEBT FACILITIES WORTH ₹3,800 CRORE.
NAZARA TECHNOLOGIES:
CO INCREASES ITS STAKE IN SUBSIDIARY FUNKY MONKEYS PLAY CENTRE TO 64% AFTER BEING ALLOTTED 1.87 LAKH EQUITY SHARES FOR ₹8 CRORE.
CO INCREASES ITS STAKE IN SUBSIDIARY FUNKY MONKEYS PLAY CENTRE TO 64% AFTER BEING ALLOTTED 1.87 LAKH EQUITY SHARES FOR ₹8 CRORE.
IRAN CLAIMS “SOLID DEFENSIVE SHIELD” AS TRUMP TIGHTENS ECONOMIC NOOSE ON TEHRAN