logo
1300% rally in 2.5 years! Multibagger SME stock with just  ₹650 crore m-cap bags  ₹121 crore order. Do you own?

1300% rally in 2.5 years! Multibagger SME stock with just ₹650 crore m-cap bags ₹121 crore order. Do you own?

Mint12-05-2025

Multibagger SME stock: Shares of small and medium enterprise (SME) company Baheti Recycling Industries hogged the limelight in trade on Monday, May 12, following a significant order win.
The multibagger SME stock, with a market cap of ₹ 658 crore, surged a whopping 9% in intraday trade following a ₹ 121 crore order from Minda Corporation Limited.
"... We would like to inform you that Baheti Recycling Industries Limited has entered into a Memorandum of Understanding (MOU) with Minda Corporation Limited. As per the terms of the MOU, Baheti Recycling Industries Limited shall supply a quantity of 4,368 Metric Tonnes (MT) of Aluminium Alloy Ingots during the financial year 2025-26. The estimated value of this supply is approximately (gross) INR 121 crores," the company said in a filing today.
Following the announcement of this MoU with Mida Corporation, SME stock Baheti Recycling Industries surged as much as 9.32% to the day's high of ₹ 639.55 on the NSE. The stock traded close to its 52-week high level of ₹ 649.90, hit on May 5, 2025.
Meanwhile, from its 52-week low of ₹ 216.55, hit on May 17, 2024, Baheti Recycling Industries share price has surged a whopping 195%.
Shares of Baheti Recycling Industries had listed on the NSE Emerge platform on December 8, 2022, at ₹ 114, as against the IPO price of ₹ 45, resulting in a listing pop of 153%.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SunCrypto Launches Crypto Futures Trading in INR: 0% Fees for the First Month
SunCrypto Launches Crypto Futures Trading in INR: 0% Fees for the First Month

Hindustan Times

time7 hours ago

  • Hindustan Times

SunCrypto Launches Crypto Futures Trading in INR: 0% Fees for the First Month

SunCrypto launches crypto futures trading with up to 75x leverage across 500+ trading pairs, offering Indian investors INR-based futures and zero trading fees for the first month to maximize profitability. Crypto derivatives dominate the global market, accounting for 60-70% of all crypto trading volume. The benefits of futures lie in their high leverage and the electrifying volatility of cryptocurrencies, enabling traders to amplify returns by controlling larger positions with minimal capital. This makes derivatives a hotspot for wealth creation, as crypto's price surges fuel unparalleled opportunities. In India, however, crypto futures trading has been out of reach. Many exchanges limit futures trading to USDT pairs, forcing traders to move towards costly P2P conversions. Breaking this barrier 'SunCrypto - India's leading FIU-IND registered exchange', with the launch of its Crypto Futures Trading in INR. This first-of-its-kind move enables direct futures trading with Indian Rupees. To make this launch even more exciting, SunCrypto is offering zero trading fees for the first month, maximizing profitability for Indian users from the outset. For years, Indian traders have embraced futures in stocks and commodities. But in crypto, their journey often ended at spot trading due to the lack of INR support in derivatives. SunCrypto changed the game by allowing direct INR crypto futures trading, making it possible to go long or short on over 500+ trading pairs without touching stablecoins. Meanwhile, the platform's Futures Trading supports both INR and USDT pairs. There's no need to manually convert INR to USDT or use P2P services — the exchange automatically converts your INR balance into USDT at the time of trading in the USDT market, with zero fees. At the heart of this innovation lies leverage up to 75x — meaning users can control large positions with minimal investment. A ₹1,000 margin can open a ₹1,00,000 position, enabling high-potential strategies on short-term price movements. But high leverage demands smart tools — and SunCrypto delivers: Stop Loss and Take Profit (SL/TP) settings for risk management Isolated Margin to limit losses to a single position Multiple order types: Market, Limit, Stop Market, Stop Limit Real-time charts and a responsive interface for quick execution With this feature set, SunCrypto caters to both beginners and seasoned traders, offering a platform that is both intuitive and powerful. Founded in 2021 by Mr. Umesh Kumar (CEO) and Mr. Pramod Yadav (CTO), SunCrypto was built to solve the real pain points of Indian crypto users. From INR spot trading in more than 400 cryptocurrencies and Crypto SIPs to Bot Trading and now Futures, every feature is crafted to suit Indian needs and regulations. Today, SunCrypto is among India's top 3 crypto exchanges, trusted by over 2.5 million users and managing more than $50 million in assets. You can download SunCrypto Application from both Google Play Store and iOS App Store. This is just the beginning with a newly launched feature that is 'crypto futures trading' - SunCrypto's roadmap to empower all Indian traders. In the upcoming months, the platform plans to introduce Cross Margin trading, allowing users to use their entire portfolio as collateral for more flexible risk management. For those looking to earn passively, social and copy trading features are also in the pipeline, enabling users to follow and replicate the trades of top-performing traders. With the launch of INR-based crypto futures trading, SunCrypto has not only solved a long-standing problem for Indian traders — it has opened the door to a new world of possibilities. No more stablecoin hurdles, no more global dependency. For the first time, Indian users can participate in crypto derivatives with the same ease and efficiency as they do in equities or commodities. As the global crypto market accelerates, India can't afford to stay on the sidelines. SunCrypto's bold step puts Indian traders right at the center of the action, equipped with local tools, regulatory transparency, and unmatched flexibility. Disclaimer: Crypto assets are subject to high market risk. Always DYOR (Do Your Own Research) and invest responsibly. Readers are advised that Crypto products and NFTs are unregulated and involve significant risks. There may be no regulatory recourse for losses arising from such transactions. Hindustan Times/HTDS shall not, in any manner, be responsible or liable for the content of the article, advertisement, including the views, opinions, announcements, declarations, or affirmations expressed therein and is absolved from any legal action or enforceable claims. This content is for informational and awareness purposes only and does not constitute financial advice Want to get your story featured as above? click here!

India's influencer marketing industry hits INR 3,600 cr in 2024, set to grow 25% in 2025: Report
India's influencer marketing industry hits INR 3,600 cr in 2024, set to grow 25% in 2025: Report

Time of India

time8 hours ago

  • Time of India

India's influencer marketing industry hits INR 3,600 cr in 2024, set to grow 25% in 2025: Report

HighlightsIndia's influencer marketing industry is projected to reach an estimated valuation of INR 3,600 crore in 2024, with a 25 per cent growth anticipated in 2025, according to the India Influencer Marketing Report 2025. A significant shift in influencer marketing strategies is noted, with 85 per cent of brands in the manufacturing sector prioritising content quality over follower numbers and 72 per cent opting for long-term influencer collaborations. The report highlights that 70 per cent of brands engage with influencers due to trust and credibility, a figure that rises to 77 per cent in the Banking, Financial Services and Insurance sector and 76 per cent in the Fast-Moving Consumer Goods sector. India's influencer marketing industry has reached an estimated valuation of INR 3,600 crore in 2024, with projections indicating a 25 per cent growth in 2025. This data comes from the India Influencer Marketing Report 2025 , a collaborative effort between The Goat Agency, WPP Media's influencer and content marketing solution, and Kantar, a marketing data and analytics company. The report provides a detailed overview of the current state and future direction of influencer marketing in India. It highlights how brands are integrating influencers into their marketing strategies to impact consumer behavior and build brand credibility. A notable shift identified in the report is the industry's move beyond a sole focus on follower numbers. Brands are increasingly prioritising content quality and creator relevance, particularly within the manufacturing sector, where 85 per cent now consider content quality as a primary factor in influencer selection. The report also indicates a growing preference for long-term influencer collaborations, with 72 per cent of brands opting for such partnerships. Macro influencers are currently favored by 95 per cent of brands, driven by concerns around content control and brand safety. However, niche micro-influencers are gaining traction in high-consideration categories like automotive and consumer durables, with 85 per cent of marketers in these areas planning increased investments. Despite the positive outlook, challenges remain. Influencer discovery is a significant hurdle, with 83 per cent of marketers, and 95 per cent in the BFSI sector, reporting difficulties in finding suitable talent. To measure return on investment (ROI), marketers are increasingly prioritising engagement rates (39 per cent) and content quality (36 per cent) over less impactful metrics. From a consumer perspective, influencers continue to play a crucial role in the purchase journey. Over two-thirds of Indian consumers use influencers for product discovery (63 per cent), information gathering (69 per cent), and prompting action (60 per cent). The report also underscores the importance of trust and credibility, with 70 per cent of brands citing these as key reasons for engaging with influencers. This figure rises to 77 per cent in BFSI and 76 per cent in FMCG, emphasizing the growing relevance of authentic, insight-driven storytelling. Ashwin Padmanabhan, chief operating officer, WPP Media South Asia, commented on the evolving landscape. "We are witnessing the evolution of influence from a marketing channel to a cultural force," he stated. "Today's consumers aren't just buying products, but they are buying into stories, communities, and creators they trust. This report is our attempt to decode that shift. With sharper content, stronger metrics, and a renewed focus on credibility, influencer marketing in India is moving towards maturity. We are not just tracking the curve; we are helping brands stay ahead of it." Puneet Avasthi, director – specialist businesses, insights division, Kantar, added, "Influencer marketing in India is no longer just about reach it's about relevance, resonance, and results. What this report makes clear is that brands are evolving their approach moving from vanity metrics to meaningful engagement and long-term partnerships rooted in trust. As consumers become more discerning, the role of influencers in shaping perceptions, guiding discovery, and driving action has never been more critical. The future belongs to brands that treat influencers as strategic collaborators, not just content amplifiers." The report ultimately emphasises the importance of fostering meaningful and sustainable partnerships between brands and creators within an increasingly regulated and content-focused environment.

Renalyx Launches World's First Indigenous AI based Smart Hemodialysis Machine, Makes Renal Care Accessible and Affordable
Renalyx Launches World's First Indigenous AI based Smart Hemodialysis Machine, Makes Renal Care Accessible and Affordable

Hans India

time8 hours ago

  • Hans India

Renalyx Launches World's First Indigenous AI based Smart Hemodialysis Machine, Makes Renal Care Accessible and Affordable

Renalyx Health Systems, AI-enabled dialysis machine, RENALYX – RxT 21, Indigenous medical technology, Indian healthcare innovation, Remote patient Health Systems Pvt. Ltd., a pioneering technology innovation company in renal care, has launched RENALYX – RxT 21, World's first fully indigenous, AI and cloud-enabled smart hemodialysis machine with real-time remote monitoring and clinical connectivity facility. Price starting at INR 6.70 lakh - significantly lower than the imported machines - RENALYX – RxT 21 will make dialysis affordable and accessible to a larger population and bridge the demand-supply gap in the renal care across semi-urban and rural regions. Completely designed and manufactured in India, RENALYX – RxT 21 leverages latest technologies including cloud-based telenephrology platforms to offer safety and quality care to kidney patients, end-stage renal disease (ESRD) patients especially those with cardiovascular, pulmonary and acute kidney injury-related issues. RENALYX – RxT 21 makes Renalyx the sixth company globally and first in India to produce an advanced dialysis machine with EU CE certification. Renalyx has plans to invest INR 800 crores in the next four years to build the manufacturing capacity of 5,000 machines by FY25-26 and will develop additional capacity of 1500 machines by FY27-28. The company also have plans to manufacture consumables indigenously. The company has manufacturing facilities at Bengaluru and Mysuru in Karnataka and at Mumbai in Maharashtra to support its scale-up plans and meet the growing demand. The company plans to raise funds through the sale of equity, backed by strong interest from prominent Indian and international investors. In addition, it will raise debt, and the promoters will also invest capital. Renalyx also has plans to go public within the next three years. With initial deployments of the machine planned in Maharashtra and Karnataka, Renalyx will go for rapid pan-India distribution of RENALYX – RxT 21 with its partners as well as exports to other countries. The company has successfully penetrated international markets, securing orders from South Africa, the USA, and Europe. Commenting on the launch of Rx T21, Dr. Shyam Vasudeva Rao, Founder & Director of Renalyx Health Systems said, 'Our cutting-edge hemodialysis machine will revolutionise the renal care by making dialysis facility affordable and accessible, thus strengthening the kidney healthcare infrastructure of the country. By bringing dialysis services closer to patients' homes, RxT 21 will help in addressing the rising Chronic Kidney Disease (CKD) burden and ESRD patients. Our indigenously developed hemodialysis machine will play a game-changing role in reducing dialysis expense, thus ensuring better healthcare impact. Going forward, we have plans to scale up our manufacturing capacity and reduce the Total Cost of Ownership of RxT 21 by 40% compared to that of imported machines. We have plans to develop a broader range of technologically advanced machines over the next three years, including a home dialysis model. In line with the government vision of 'Make in India Make for the World', we aim to export our machine to various countries to make a larger impact on renal care infrastructure globally. We aim to become one of the world's leading producers and exporters within the next five years.' The Indian CDSCO approval of the machine is in its final stages and is expected by July 2025, while the U.S. FDA approval process is underway and anticipated by March 2026. The RENALYX – RxT 21 machines are equipped with advanced features such as Integrated Nephrology Information System (NIS) on the cloud, AI based smart algorithms, Electronic Medical Records (EMR) integration, remote diagnostics and alerts through real-time telemetry, Advanced image processing, Internet of Medical Things (IoMT) capabilities for continuous performance monitoring and clinical oversight. Thanks to these advanced features, doctors can remotely access patients' EMR, current settings of the dialysis machine and patients' critical event history to take action and advise necessary treatment and care. Renalyx plans to install RxT 21 at primary health centres (PHC), community health centres (CHC), private dialysis centres and hospitals to make renal care available to a large number of people. The company has set up local service teams and created technician training programs to ensure smooth roll-out of the smart machines. The company will set up franchisee centres across India along with its partners The company, in collaboration with its partner, will set up franchise centres across India and in international markets. In addition, Renalyx has awarded a manufacturing license to Bharat Electronics Ltd. (BEL) to produce 6,000 RENALYX – RxT 17 in the next three years. RENALYX – RxT 17 is a previously launched dialysis machine by Renalyx which comes with standard features and facilities. With RENALYX – RxT 21 and RxT 17, Renalyx aims to play its role in making dialysis services affordable and accessible to the rural areas due to the recurring nature of the treatment. According to Pradhan Mantri National Dialysis Program (PMNDP) data, approximately 2.2 lakh new cases of End-Stage Renal Disease (ESRD) are reported in India each year, creating an additional demand for 3.4 crore dialysis sessions annually.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store