Things I compiled yesterday as part of my stock research activities.
Key Updates
🟩 Adani Green Energy commissions 3.37 GWh BESS at Khavda, world’s largest outside China, completed in 10 months. Plans 10+ GWh in FY27, scaling to 50 GWh over five years. India’s grid storage buildout just shifted to a different scale.
🟩 KEC International commences elastomeric cable and e-beam irradiation production in Q2 FY27. Debt levels expected to normalise further. Two specialty cable verticals launching in one quarter. Cables are the structural margin upside story for KEC in FY27.
🟩 Tata Elxsi launched VITEL, an AI-powered material intelligence solution for med-tech, built on its Viridium platform. AI for material selection and compliance cycles in medical device design. Adds product depth to Tata Elxsi’s med-tech AI positioning.
🔴 AXISCADES transfers its heavy engineering, energy, and automotive Engineering Services practice to Akkodis for $30.63 million. Deal proceeds fund the Devanahalli Atmanirbhar Complex and Missile Complex. Company pivots toward aerospace manufacturing.
🟩 MobiKwik received RBI in-principle approval for its Payment Aggregator Physical license. Targets 10x merchant business growth by FY28.
🟩 EKI Energy Services received a Category IV Inter-State Electricity Trading Licence from CERC for 25 years. Category IV permits trading of 1,000+ MW blocks. EKI moves into the large-ticket, long-tenure end of India’s power trading market.
🟩 Balu Forge Industries secured its maiden aerospace order from US-based Alpha Aircraft Systems. Advance payment received to commence production. First aerospace entry from an auto-forging base. Higher precision and margins define this segment vs their core business.
🟩 Venus Pipes commissioned 4,200 MTPA seamless tubes and 6,000 MTPA mother hollow pipes, alongside fittings manufacturing. Seamless tubes target oil, gas, and precision segments at higher ASPs.
🟩 SKM Egg Products is investing Rs 400 Cr to scale to 24 lakh layer birds, targeting 5x egg output, with feed mill and biogas additions. One of India’s few listed egg processors.
🟩 SEBI Chairman Tuhin Kanta Pandey said household savings flowing into capital markets are at an all-time high.
🟩 EV insurance in India jumped 670% as smaller cities drive policy purchases. PB Fintech is a direct beneficiary.
🔴 US credit card balances surged to $1.3 trillion at 22% average interest rates, the worst consumer stress levels since 2008. Companies with significant US revenue dependence face growing demand-side risk.
🔴 Taiwan surpassed India to rank 5th globally in market cap. Population of just 2.3 Cr. The surge driven almost entirely by AI and semiconductor stocks. Indian market has broader sector depth. Taiwan market is more concentrated.
Key Quarterly Results
That’s it for today.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.