
Stock market this week ends volatile—Here are the top gainers and losers to track
Arbitrage funds witnessed a notable 33% rise in inflows during May, reflecting growing investor interest in low-risk and tax-efficient investment options amid evolving market dynamics. These hybrid mutual funds, which leverage the price differences between cash and derivatives markets to generate returns, are gaining popularity for their ability to offer stability along with the potential for short-term gains. The significant increase in inflows suggests that more investors are recognizing arbitrage funds as a smart alternative to traditional fixed-income instruments, especially given their equity taxation advantage when held for more than a year. With their relatively lower volatility and the benefit of being taxed like equity mutual funds, arbitrage funds have emerged as an attractive choice for conservative investors seeking capital preservation with better post-tax returns.
In times when markets may be experiencing temporary fluctuations, arbitrage funds provide a balanced route by capitalizing on market inefficiencies without taking directional equity exposure. The surge in inflows also reflects growing awareness among retail and institutional investors about the role such funds can play in diversifying portfolios and managing liquidity needs effectively. Supported by their consistent performance and efficient risk-return profile, arbitrage funds continue to draw attention from those looking to make the most of short-term idle funds while maintaining a low-risk stance. This trend is expected to sustain as investors increasingly prioritize safety, tax efficiency, and liquidity, making arbitrage funds a relevant and reliable component of a well-rounded investment strategy.
The IPO of Oswal Pumps received a positive response from investors, being oversubscribed by 0.34 times, reflecting growing confidence in the company's business model and future potential. Known for its strong presence in the water pump and motor manufacturing industry, Oswal Pumps aims to utilize the funds raised to enhance its production capacity, invest in advanced technology, and support working capital needs. The oversubscription indicates healthy demand, particularly from retail and HNI investors, who were drawn to the company's consistent performance, trusted brand, and expansion plans. With a solid track record, strong distribution network, and focus on innovation, Oswal Pumps is well-positioned to capitalize on growth opportunities in both domestic and international markets. This successful IPO marks an important milestone in the company's journey and paves the way for long-term value creation.
Baroda BNP Paribas AMC, ICICI Prudential AMC, and Groww AMC have launched new fund offers (NFOs), each offering investors distinct opportunities aligned with emerging market trends. Baroda BNP Paribas has introduced the Health & Wellness Fund – Growth Direct Plan, aiming to capitalize on the rising demand in the healthcare and wellness sector by investing in companies focused on pharmaceuticals, diagnostics, and lifestyle improvement.
ICICI Prudential's Nifty Top 15 Equal Weight Index Fund – Growth Direct Plan offers exposure to India's top 15 blue-chip companies with an equal-weight strategy, providing balanced diversification and reduced concentration risk. Meanwhile, Groww AMC has launched the Nifty India Internet ETF FoF – Growth Direct Plan, targeting the booming digital and internet-based economy by investing in sectors such as e-commerce, fintech, and technology services. These NFOs present attractive opportunities for investors looking to diversify their portfolios with sector-focused and growth-oriented strategies. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted
Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.

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Mint
19 hours ago
- Mint
Oswal Pumps IPO: GMP, subscription status, other key details. Apply or not?
Oswal Pumps IPO: The initial public offering (IPO) of pump manufacturer and distributor, Oswal Pumps Ltd, was launched on Friday and received decent demand from investors. Oswal Pumps IPO is a mainboard IPO. The three-day subscription period of Oswal Pumps IPO began on June 13 and will end on June 17. Oswal Pumps IPO allotment date will likely be June 18, and the IPO listing date is expected to be June 20. The equity shares of the company will be listed on both the stock exchanges - BSE and NSE. The company plans to raise ₹ 1,387.34 crore from the public issue, which is a combination of fresh issue of 1.45 crore equity shares worth ₹ 890 crore, and an offer-for-sale (OFS) component of 81 lakh shares amounting to ₹ 497.34 crore. Oswal Pumps IPO price band is set at ₹ 584 to ₹ 614 per share. The IPO lot size is 24 shares, and the minimum investment amount required by retail investors is ₹ 14,016. IIFL Capital Services, Axis Capital, CLSA India, JM Financial, Nuvama Wealth Management are the book running lead managers of the Oswal Pumps IPO, while MUFG Intime India (Link Intime) is the IPO registrar. Oswal Pumps IPO Here's a look at Oswal Pumps IPO GMO, subscription status, review, other details: Oswal Pumps IPO has been subscribed 42% so far. The public issue received bids for 67.83 lakh equity shares as against 1.62 crore shares on offer, according to data on NSE as on Friday, June 13, the first day of the bidding process. The retail portion was subscribed 45%, while the Non Institutional Investors (NII) category was booked 79%. The Qualified Institutional Buyers (QIBs) portion received 8% subscription so far. Oswal Pumps shares are showing a muted trend in the grey market premium (GMP). According to stock market experts, Oswal Pumps IPO GMP today is ₹ 40 per share. This indicates that Oswal Pumps shares are trading at ₹ 654 apiece in the grey market, which is at a premium of 6.51% to the issue price of ₹ 614 per share. Oswal Pumps is the fastest growing vertically integrated solar pump manufacturer in India, in terms of revenue growth between FY22-FY24. The company has delivered robust Revenue, EBITDA and PAT CAGR of 44%,103% and 134% between FY22-9MFY25 respectively. It currently has an order book of ₹ 1,100 crore and an additional bid pipeline of ₹ 3,200 crore indicating decent growth visibility in the coming years. 'At the upper price band of ₹ 614, on post issue capital basis, the IPO is valued at 9MFY25 annualized P/E and EV/EBITDA multiple of 24.2x and 16.4x respectively, which is at a discount to its closest peer Shakti Pumps. We recommend 'Subscribe' to the issue,' said Nirmal Bang. Rajan Shinde, Research Analyst, Mehta Equities believes Oswal Pumps IPO brings investors an opportunity to invest in a high-growth, vertically integrated player in the solar pump manufacturing space. 'On valuation parse on upper price band of ₹ 614, the issue is asking a market cap of ₹ 6,998 crore. Based on annualized FY25 annualised earnings and fully diluted post-IPO paid up capital, the company is asking for a PE 24.2x which we feel reasonable relative to industry peers which are trading at an average of 42x,' Shinde said. As one of the largest suppliers of solar-powered agricultural pumps under the PM-KUSUM scheme, he believes the company is well positioned to benefit from policy tailwinds and the accelerating shift toward sustainable irrigation solutions. Hence, Shinde recommends investors to subscribe to the Oswal Pumps IPO for long-term perspective. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
20 hours ago
- Mint
Stock market this week ends volatile—Here are the top gainers and losers to track
Arbitrage funds witnessed a notable 33% rise in inflows during May, reflecting growing investor interest in low-risk and tax-efficient investment options amid evolving market dynamics. These hybrid mutual funds, which leverage the price differences between cash and derivatives markets to generate returns, are gaining popularity for their ability to offer stability along with the potential for short-term gains. The significant increase in inflows suggests that more investors are recognizing arbitrage funds as a smart alternative to traditional fixed-income instruments, especially given their equity taxation advantage when held for more than a year. With their relatively lower volatility and the benefit of being taxed like equity mutual funds, arbitrage funds have emerged as an attractive choice for conservative investors seeking capital preservation with better post-tax returns. In times when markets may be experiencing temporary fluctuations, arbitrage funds provide a balanced route by capitalizing on market inefficiencies without taking directional equity exposure. The surge in inflows also reflects growing awareness among retail and institutional investors about the role such funds can play in diversifying portfolios and managing liquidity needs effectively. Supported by their consistent performance and efficient risk-return profile, arbitrage funds continue to draw attention from those looking to make the most of short-term idle funds while maintaining a low-risk stance. This trend is expected to sustain as investors increasingly prioritize safety, tax efficiency, and liquidity, making arbitrage funds a relevant and reliable component of a well-rounded investment strategy. The IPO of Oswal Pumps received a positive response from investors, being oversubscribed by 0.34 times, reflecting growing confidence in the company's business model and future potential. Known for its strong presence in the water pump and motor manufacturing industry, Oswal Pumps aims to utilize the funds raised to enhance its production capacity, invest in advanced technology, and support working capital needs. The oversubscription indicates healthy demand, particularly from retail and HNI investors, who were drawn to the company's consistent performance, trusted brand, and expansion plans. With a solid track record, strong distribution network, and focus on innovation, Oswal Pumps is well-positioned to capitalize on growth opportunities in both domestic and international markets. This successful IPO marks an important milestone in the company's journey and paves the way for long-term value creation. Baroda BNP Paribas AMC, ICICI Prudential AMC, and Groww AMC have launched new fund offers (NFOs), each offering investors distinct opportunities aligned with emerging market trends. Baroda BNP Paribas has introduced the Health & Wellness Fund – Growth Direct Plan, aiming to capitalize on the rising demand in the healthcare and wellness sector by investing in companies focused on pharmaceuticals, diagnostics, and lifestyle improvement. ICICI Prudential's Nifty Top 15 Equal Weight Index Fund – Growth Direct Plan offers exposure to India's top 15 blue-chip companies with an equal-weight strategy, providing balanced diversification and reduced concentration risk. Meanwhile, Groww AMC has launched the Nifty India Internet ETF FoF – Growth Direct Plan, targeting the booming digital and internet-based economy by investing in sectors such as e-commerce, fintech, and technology services. These NFOs present attractive opportunities for investors looking to diversify their portfolios with sector-focused and growth-oriented strategies. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.


Business Standard
2 days 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.