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Stock market this week ends volatile—Here are the top gainers and losers to track

Stock market this week ends volatile—Here are the top gainers and losers to track

Mint14-06-2025
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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Oswal Pumps received LoA worth Rs 442 crore from MSEDCL
Oswal Pumps received LoA worth Rs 442 crore from MSEDCL

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Oswal Pumps received LoA worth Rs 442 crore from MSEDCL

Oswal Pumps has been awarded a major Letter of Award / Letter of Empanelment by the Maharashtra State Electricity Distribution Company (MSEDCL) under the PM Kusum B Scheme / Magel Tyala Saur Krushi Pump Yojana. The contract is valued at Rs 442 crore. The project involves the design, manufacture, supply, installation, testing, and commissioning of 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems in 3HP, 5HP, and 7.5HP capacities. These systems will be installed at identified farmers' sites across Maharashtra and will go with complete system warranty, repair and maintenance, and remote monitoring for a period of five years. The Letter of Empanelment/Letter of Award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals.

Oswal Pumps bags ₹442 cr order to supply solar pumps in Maharashtra
Oswal Pumps bags ₹442 cr order to supply solar pumps in Maharashtra

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Oswal Pumps on Wednesday said it has secured an order worth ₹ 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems. Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across Maharashtra. In an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana". The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals. The value of the order is around ₹ 442 crore. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of ₹ 34,422 crore, including service charges to the implementing agencies. Later, the Centre extended the PM-KUSUM scheme till March 2026, as its implementation was significantly affected due to the pandemic. According to the Ministry of New and Renewable Energy, the scheme consists of three components: Component A is for the installation of 10,000 MW of solar capacity by installing small power plants, and Component B is for the installation of 14 lakh standalone solar-powered agriculture pumps. Component C is for the solarisation of 35 lakh grid-connected agriculture pumps.

Oswal Pumps bags ₹442 crore order to supply solar pumps in Maharashtra
Oswal Pumps bags ₹442 crore order to supply solar pumps in Maharashtra

Time of India

timea day ago

  • Time of India

Oswal Pumps bags ₹442 crore order to supply solar pumps in Maharashtra

New Delhi: Oswal Pumps on Wednesday said it has secured an order worth ₹442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems . Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across Maharashtra. In an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana". The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals. The value of the order is around ₹442 crore. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of Rs 34,422 crore, including service charges to the implementing agencies. Later, the Centre extended the PM-KUSUM scheme till March 2026, as its implementation was significantly affected due to the pandemic. According to the Ministry of New and Renewable Energy, the scheme consists of three components: Component A is for the installation of 10,000 MW of solar capacity by installing small power plants, and Component B is for the installation of 14 lakh standalone solar-powered agriculture pumps. Component C is for the solarisation of 35 lakh grid-connected agriculture pumps.

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