SEBI MUTUAL FUND REFORMS
SEBI’s new measures mark a cultural reset in the mutual fund industry, promoting transparency, tighter brokerage caps, and clearer TER disclosures. Stricter oversight on commissions, performance-linked fees, and intermediary influence aims to enhance accountability, investor trust, and informed participation, making the industry more competitive and citizen-focused.
HSBC ON INDIA
HSBC turns bullish on Indian equities, projecting Sensex at 94,000 by end-2026. Positive outlook driven by expected earnings recovery, easing inflation, softer rates, and potential rise in foreign inflows.
CREDIT RATING UPDATE – GLOBE CIVIL PROJECTS
Infomerics revises Globe Civil Projects’ outlook to Positive while reaffirming IVR BBB (long-term) and IVR A3+ (short-term). FY25 revenue ₹325.99 Cr (+11% YoY) and PAT ₹24.05 Cr (+57% YoY). Order book at ₹1,001 Cr ensures healthy visibility.
STOCK RECOMMENDATION – PATEL RETAIL
Anand Rathi highlights bullish divergence on hourly chart. Buy in ₹210–₹215 range; target ₹242 (~14% upside). Stop-loss ₹197.5. Strength above ₹225 may trigger further buying.
IPO UPDATE – SHREEJI GLOBAL FMCG
IPO raised ₹221.08 Cr; overall subscription 3.14x. QIB 1.64x, NII 5.06x, Retail 2.91x. Book Running Lead Manager: Interactive Financial Services; Registrar: MUFG Intime India.
REGULATORY – LUPIN
US FDA inspection at Pune BioResearch Centre concludes with zero observations, reflecting strong compliance and quality standards.
Q2 RESULTS SNAPSHOT
| Company | Net Profit | Revenue | EBITDA | Margin YoY/QoQ |
|---|---|---|---|---|
| OODLUCK | ₹42.4 Cr ↑6% YoY ↓8% QoQ | ₹991.3 Cr ↑1% YoY ↑2% QoQ | ₹91.9 Cr Flat YoY ↑31% QoQ | 9.3% YoY / 7.2% QoQ |
| APEX FROZEN | ₹11.9 Cr vs -1.7 Cr YoY ↑31% QoQ | ₹238.3 Cr ↑19% YoY ↓8% QoQ | ₹11.4 Cr ↑187% YoY ↓26% QoQ | 4.8% YoY / 5.8% QoQ |
| LAMBODHARA TEXTILES | ₹3.31 Cr ↑4% YoY ↑54% QoQ | ₹62.5 Cr ↑3% YoY ↑6% QoQ | ₹9 Cr ↑15% YoY ↑52% QoQ | 14.4% YoY / 10% QoQ |
CORPORATE UPDATE
Ramakrishna Forging to hold board meeting on 12 Nov to consider fund raising via equity.
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