Two Trades for Today: A media major for over 8% rise, a mid-cap telecom stock for close to 6% gain
After three days of consolidation and failing to break out of the resistance zone, the markets suffered a corrective decline on Thursday. This move has taken the Nifty back inside the 24,500-25,100 trading range that it has been trading in over the past few weeks. The Nifty opened higher and formed its day's high in the early minutes of the session. The Index then gradually drifted lower and remained in a negative zone with capped losses. The
Membership Benefits
Access the exclusive Economic Times
Stories, Editorial & Expert opinion
Complete Access with ET Prime
Experience your Economic Times newspaper, The way you've always liked!
Get to know where the market gurus invest & grow your portfolio.
Stock Analyzer
Instant stock analysis based on Solvency, Profitability, Growth, Valuation, Momentum, Risk & More.
Now Available with ET Prime
Manage your money efficiently with this weekly guide.
Clean experience
with minimal ads
Easy & distraction-free reading with 90% less ads
Sharp Insight-rich,
In-depth stories across 20+ sectors
1500+ Exclusive stories & analysis across sectors to help you stay informed
Get One Year Times Prime Subscription worth ₹1199 for free
Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
Enjoy unlimited access to breaking news and thought provoking stories from all around the world.
Get One Year Docubay Subscription worth ₹999 for free
Stream award-winning international documentaries from more than 100 countries.
Comment & Engage
with ET Prime community
Communicate & build a connection with great minds of the industry
A trusted team of
Journalists & Analysts
Unbiased perspective & detailed reporting by our team of journalists who have in-depth knowledge and years of experience
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
7 minutes ago
- Business Standard
Mont Vert signs $500 mn deal to build medical university in Kazakhstan
Pune-based realty group Mont Vert Group has signed a USD 500 million (around Rs 4,300 crore) contract with Kazakhstan's Big B Corp for developing a medical university and a hospital, according to a statement. Mont Vert Group will be responsible for the construction and development activities related to the project, UK-based SRAM & MRAM Group said in the statement. UK-based SRAM & MRAM Group in partnership with Big B Corporation and KAZIND Medical Group of Kazakhstan is developing a private healthcare facility in Kazakhstan. The agreement was made possible through the efforts of Big B Corporation Director Ajay Bhandari and SRAM & MRAM Group Director Mahendra Joshi, the statement said. The group in October last year announced getting approval from the Kazakh government for 243 hectares of land at Astana and 100 hectares at Almaty for Medical University, a multi-specialty Hospital and a 5-star hotel. The medical college will teach 10,000 students and have a multi-specialty hospital with 1,000 beds. "Mont Vert Group represents the highest standards of Indian real estate leadership," said Sailesh Lachu Hiranandani, Chairman, SRAM & MRAM Group. SRAM & MRAM Group, a global conglomerate with interests across fintech, healthcare, AI, agriculture, biotechnology, and more, recently completed 30 years of operations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
21 minutes ago
- Business Standard
Despite Global Headwinds, Domestic Demand and Prudent Investment drive Small Business Optimism- ASSOCHAM-Dun & Bradstreet's Small Business Confidence Index
PRNewswire Mumbai (Maharashtra) [India], June 13: ASSOCHAM along with Dun & Bradstreet, a leading global provider of business decisioning data and analytics, has released its Small Business Confidence Index for Apr-Jun 2025 quarter. The findings from the Index, which tracks the optimism of small and medium enterprises in India, indicate a slight decline in small business sentiment, with the confidence index edging down by 1.8% in Apr-Jun 2025 quarter compared to the previous quarter, settling at 105.4. This suggests a more cautious outlook among small business executives. However, the index remains notably strong--up 6% year-over-year and well above the long-term average--signaling that overall optimism continues to hold steady. "The findings of the ASSOCHAM-Dun & Bradstreet Small Business Confidence Index reflect a phase of cautious optimism among India's small businesses, especially due to global uncertainties and supply chain disruptions. However, it is encouraging to note the underlying strength of domestic demand, improved hiring intentions and expectations of better financing access as monetary conditions ease. ASSOCHAM remains committed to working closely with all stakeholders to create a conducive environment for economic prosperity,'' said ASSOCHAM President Mr. Sanjay Nayar. "This edition of the Small Business Confidence Index highlights the nuanced sentiments among small businesses. A modest decline in the Confidence Index reflects a measured approach adopted by small businesses amid global trade challenges. The broader picture, however, remains positive, with strong domestic fundamentals. The small business segment continues to be a vital driver of the Indian economy. In order for them to thrive, better financing prospects, policy continuity and predictability, and convergent efforts of stakeholders will help them navigate short-term headwinds and achieve sustained growth," said ASSOCHAM Secretary-General Mr. Manish Singhal. The ASSOCHAM-D & B Small Business Confidence Index for Apr-Jun 2025 reveals cautious recalibration amid rising global uncertainties. While domestic demand remains strong, export order expectations plunged 17 points from Jan-Mar 2025, driven by frontloaded shipments before the April 2 U.S. tariff hike and weakening global trade. Net profit expectations dropped 6 points, and selling price optimism fell 13 points, highlighting growing margin pressures from cost volatility and subdued pricing power. "The ASSOCHAM-D & B Small Business Confidence Index for Apr-Jun 2025 quarter reflects a resilient but cautious sentiment among small businesses. Steady domestic orders, and an improved hiring outlook point to underlying strength supported by robust domestic demand. However, the sharp decline in export order expectations amid global trade tensions, particularly following U.S. tariff announcements, highlights external vulnerabilities. While small businesses are leveraging domestic tailwinds, margin pressures from rising costs and softer global demand are prompting a more conservative approach to pricing and inventory management. Sustained recovery will hinge on businesses maintaining operational agility and adapting to evolving global trade dynamics," said Mr. Avinash Gupta, Managing Director, Dun & Bradstreet India. Firms report mounting margin pressures as weakened pricing power, volatile input costs, and ongoing supply-chain bottlenecks force them into lean inventory practices rather than bulk restocking. Investment plans have been scaled back, with fixed capital outlays moderating amid global headwinds, even as stronger hiring intentions reflect cautious optimism about domestic demand. At the same time, credit access is now seen as 'normal' rather than 'easy,' suggesting tighter lending standards despite recent RBI rate cuts. Nevertheless, businesses remain hopeful that continued monetary easing will gradually restore more accommodating financing conditions. "Small businesses are standing at a critical crossroads, balancing robust domestic momentum against intensifying global headwinds, as reflected in the ASSOCHAM-D & B SBCI Index. The uptick in domestic orders, hiring sentiment, and capacity utilization reflects confidence supported by resilient consumption trends and a stable policy environment. However, the sharp fall in export order expectations, combined with weakening pricing power and more cautious investment and credit outlooks, shows firms are recalibrating strategies amid trade risks and global demand uncertainty. Despite these headwinds, Dun & Bradstreet data highlights India's advantage in sectors such as specialty chemicals, electrical machinery, and home textiles. Looking ahead, India-U.S. trade agreements will be pivotal; varying tariffs could reshape export dynamics. To remain resilient, small businesses must sharpen domestic focus, optimize capital allocation, and adapt swiftly to shifting global trade policies," said Dr Arun Singh, Global Chief Economist, Dun & Bradstreet. As the external environment becomes more uncertain, sustaining confidence will hinge on how effectively businesses can adapt, by managing input costs, preserving margins, and aligning investment strategies with evolving market conditions. Strengthening domestic enablers while mitigating external vulnerabilities will be crucial for maintaining the growth momentum of India's small business sector in the quarters ahead. About ASSOCHAM: The Associated Chambers of Commerce & Industry of India (ASSOCHAM) is the country's oldest apex The Associated Chambers of Commerce & Industry of India (ASSOCHAM) is the country's oldest apex chamber. It delivers actionable insights to strengthen the Indian ecosystem, leveraging its extensive network of over 450,000 corporate members, with MSMEs forming a significant segment. With a strong presence across Indian States and key cities, ASSOCHAM also includes more than 100 associations, federations, and regional chambers. Aligned with the vision of building a Viksit Bharat, ASSOCHAM serves as a vital link between industry and government. As an agile and forward-looking institution, the Chamber spearheads various initiatives aimed at enhancing the global competitiveness of Indian industry while reinforcing the domestic business environment. With over 70 national and regional sector councils, ASSOCHAM effectively represents diverse segments of Indian industry. These councils are led by prominent industry leaders, academicians, economists, and independent professionals, and focus on aligning industry priorities with the nation's growth aspirations. ASSOCHAM is currently driving four strategic priorities: Sustainability, Globalization, Startups & Innovation, and the Digital Economy. The Chamber believes that focused efforts in these areas are key to fostering inclusive and sustainable socio-economic development. In collaboration with the government, regulators, and national and international think tanks, ASSOCHAM contributes to policy formulation and provides critical feedback on the implementation of high-impact decisions. Staying future-ready, the Chamber is also cultivating a robust network of knowledge architects to help shape India's transition into a technology-driven, knowledge-based economy. ASSOCHAM aims to empower stakeholders by promoting knowledge as the catalyst for growth in a dynamic global environment. Beyond industry engagement, ASSOCHAM actively supports civil society through initiatives focused on inclusive development. Its member network leads efforts across a wide range of sectors including empowerment, healthcare, education and skill development, hygiene, affirmative action, road safety, livelihoods, life skills, and sustainability. More information available on About Dun & Bradstreet: Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions across finance, risk, compliance, information technology and marketing. Working towards Government of India's vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity. India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses. Visit for more information. Click here for all Dun & Bradstreet India press releases.
Business Standard
21 minutes ago
- Business Standard
Oswal Pumps IPO subscribed 42%
The offer received bids for 67.83 lakh shares as against 1.61 crore shares on offer. The initial public offer of Oswal Pumps received bids for 67,83,552 shares as against 1,62,12,980 shares on offer, according to stock exchange data at 17:00 IST on Friday (13 June 2025). The issue was subscribed 0.42 times. The issue opened for bidding on 13 June 2025 and it will close on 17 June 2025. The price band of the IPO is fixed between Rs 584 614 per share. An investor can bid for a minimum of 24 equity shares and in multiples thereof. The issue comprises both a fresh issue of equity shares upto Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta, one of the prompters of the company. The company proposes to utilize the net proceeds from the issue towards capital expenditure of Rs 89.86 crore; Rs 272.76 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana; Rs 280 crore for pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company; Rs 31.00 crore for investment in its wholly-owned Subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar; and general corporate purposes. Oswal Pumps, established by Padam Sain Gupta (father of Vivek Gupta, one of its promoters and chairman and managing director), has commenced its operations in 2003 with the manufacturing of low-speed monoblock pumps. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the Oswal brand. It is one of the few fully integrated Turnkey Solar Pumping Systems providers in India with the capability to manufacture solar powered agricultural pumps, solar modules and pump controllers and provide installation services for such systems. Sales of majority of its products are geographically concentrated, with the four states of Haryana, Maharashtra, UttarPradesh and Rajasthan accounting for 90.47% and 90.78% of its 9mFY25 and FY24 revenue Ahead of the IPO, Oswal Pumps on Thursday, 12 June 2025, raised Rs 416.20 crore from anchor investors. The board allotted 67,78,533 shares at Rs 614 each to 25 anchor investors. The firm reported a consolidated net profit of Rs 215.80 crore and total income of Rs 1,065.67 crore for the nine months ended on 31 December 2024.
