Latest news with #AvinashGorakshkar
Mint
4 days ago
- Business
- Mint
India-Pakistan conflict: F-16 fighter jet maker Lockheed Martin share price gives zero return in one month
India-Pakistan conflict: India-Pakistan conflict: Shares of Lockheed Martin, the manufacturer of the F-16 fighter jets prized by Pakistan, have remained lacklustre over the past month, following India's Operation Sindoor. During the four-day military conflict with India, which took place in May, Pakistan deployed fighter jets like F-16 and J-10, drones and missiles, but its attempts were successfully thwarted by India's air defence and battle-proven systems. Analysts believe this could prove a setback for the American defence company as it could impact its order book. Against this backdrop, Lockheed Martin, the US defence giant, has remained largely unchanged during this period. The stock edged up just 0.97% in May. 'Even though the US gave F-16 fighter jets to Pakistan for other than war use, there are reports that Pakistan used Lockheed Martin Corp's F-16 and China's J-10 fighter jets during Operation Sindoor last month. However, neither could breach India's air defence system, which would be a massive setback for China and the US,' explained Avinash Gorakshkar, Head of Research at Profitmart Securities. The market is expecting some hit on the order book of these defence companies in the upcoming quarters, said Goranshakr, explaining the weak returns in shares of Lockheed Martin.
Mint
4 days ago
- Business
- Mint
Aegis Vopak Terminals IPO listing date today. Here's what GMP, analysts signal ahead of stock market debut
After three days of bidding, Aegis Vopak Terminals IPO will be making its stock market debut on Monday, June 2 on both BSE, NSE. The mainboard IPO saw a moderate response from investors across all categories. The allotment of Aegis Vopak Terminals IPO was finalised on Thursday, May 29, 2025. Aegis Vopak Terminals IPO, which was open from May 26 to May 28, saw a modest response, being subscribed 2.09 times overall. The offering comprised solely a fresh issue of 11.91 crore equity shares, with a price band set between ₹ 223 and ₹ 235 per share. The non-institutional investor category received a 56% subscription, while the retail individual investor (RII) portion was subscribed at 77%. The allocation for qualified institutional buyers (QIBs) was oversubscribed by 3.30 times. Before the public offering, the company secured ₹ 1,260 crore through anchor investors. The shares of Aegis Vopak Terminals IPO is currently trading at a premium of - ₹ 1 in the grey market, according to This means that the IPO is likely to witness discounted listing at a price of ₹ 234, which is marginally lower than the IPO price band of ₹ 235. As per grey market trends, the lowest GMP of Aegis Vopak Terminals IPO is ₹ -1.00, while the highest GMP is ₹ 15. 'Grey market premium' indicates investors' readiness to pay more than the issue price. According to analysts, Aegis Vopak Terminals IPO is likely to see its shares debut at par with their upper price band due to positive market sentiments on Dalal Street. 'Aegis Vopak Terminals' IPO received a tepid response from Indian primary market investors as the initial public offering was offered at a higher valuation. However, due to the positive sentiments on Dalal Street, we may see Aegis Vopak Terminals shares debut at par with their upper price band,' said Avinash Gorakshkar, Head of Research at Profitmart Securities. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
10-05-2025
- Business
- Mint
India-Pakistan war buzz: Sensex tanks 880 points, Nifty 50 near 24K; why is Indian stock market falling? 5 key reasons
Stock market today: Despite showcasing resilience against the India-Pakistan war buzz, the Indian stock market witnessed sell-off pressure on the last two sessions last week. After going off on Thursday, key benchmark indices of Dalal Street came under sharp selling pressure on Friday. On Friday, the BSE Sensex tumbled 880 points, or 1.10%, marking its steepest intraday fall since April 7, to settle at 79,454. Meanwhile, the Nifty 50 crashed 265 points, or 1.1%, to close slightly above the 24,000 mark at 24,008. For the week, both indices lost over 1.30%, snapping their four-week winning streak. The mid-cap index however, stood resilient. Although it started the session with deeper cut, it swiftly recovered in the following hours of trading. The Nifty Midcap 100 index rebounded 1,130 points to settle with just a 0.01% drop at 53,223, while its peer, the Nifty Smallcap 100 index, recovered 320 points from the day's low but concluded the session with a 0.61% drop at 16,085 points, still outperforming the benchmark indices. In terms of individual stocks, 39 constituents of the Nifty 50 ended the session in the red, while the remaining 11—led by Tata Group stocks including Titan Company and Tata Motors—finished the session in the green despite weak market conditions. According to stock market experts, this fall in the Indian stock market for the last two straight sessions can be attributed to five major reasons: the Indian-Pakistan conflict rising beyond an expected limit, weak global cues, rise in the US dollar rates, value buying in the crude oil prices and no concrete outcome from India-US trade deal talks. Speaking on the reasons for the Indian stock market fall on Friday, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, 'It's true that the Indian stock market is falling, but we can't call it a crash as the Nifty 50 index is still above 24,000 levels. However, it's for sure that the market has become highly volatile after India's drone strikes in Pakistan. The India-Pakistan conflict has gone beyond the market estimates, and hence, investors are not in the mood to take any risk when the US Dollar Index has regained the crucial 100 levels. Crude oil prices have also surged, and major Asian indices like Shanghai and Hang Seng are under pressure.' Asked about the top five reasons that are dragging Indian stock market today, Gorakshkar said, 'There are the top 5 reasons that are dragging Dalal Street indices: Escalation in India-Pakistan conflict after drone strikes in Pakistan, weak global cues, rebound in US dollar rates, bottom fishing in crude oil, and not any concrete outcome from the India-US trade deal talks.' 1] India-Pakistan war buzz: 'The escalation in the India-Pakistan conflict after India's drone strikes in Pakistan has raised fears of an India-Pakistan war. Earlier, the market was expecting a surgical strike-like retaliation from the Indian government, but the tension seems more prolonged than expected earlier,' said Avinash Gorakshkar. On how much correction in the Indian stock market can be expected in the backdrop of India-Pakistan war buzz, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, 'The escalating tensions between India and Pakistan in 2025, marked by events such as the Pahalgam terror attack and India's Operation Sindoor, have introduced fresh volatility into the Indian stock market. However, historical trends suggest that Indian equities, particularly the Nifty 50, have demonstrated resilience during past geopolitical conflicts, with corrections typically limited to 5–10% and recoveries often swift.' 2] No concrete outcome from the India-US trade talks: 'Despite soon coming breakthrough claims from both sides, there is no such concrete evidence of a fruitful outcome from the India-US trade deal talks. So, the tariff uncertainty is still persisting, and hence, investors are not in the mood to keep their money in risky assets like equity,' said Gorakshkar. 3] Value buying in crude oil price: 'After the fall in the crude oil prices from around $75 per barrel to around $60 per barrel in the international market, some value buying is taking place in the black gold. This is also a reason for investors squaring off their positions in the Indian equity market,' said Anshul Jain, Head of Research at Lakshmishree Investment and Securities. 4] Rise in US dollar rates: 'After the 90-day pause in Trump's tariffs, the US dollar index witnessed a sharp decline and came around 98 levels. However, the American currency has once again become bulls' favourite and the US dollar index has regained the crucial 100 levels, which is also a major trigger for selling pressure on Dalal Street,' said Anshul Jain. 5] Weak global market cues: Avinash Gorakshkar of Profitmart Securities said that Asian markets are also mixed as Shanghai and Heng Seng indices are trading red since morning. This could also be a reason for Dalal Street investors squaring off their positions. Stock market outlook amid India-Pakistan war buzz Asked about the outlook of the Indian stock market amid rising geopolitical tension, Rajesh Bhosale, Equity Technical Analyst, Angel One, said, 'Going ahead, market direction will remain highly sensitive to developments on this geopolitical front. The sharp rally from the April lows of 21700 has now lost momentum, with the index slipping towards the key moving averages like the 20DEMA and the 200DSMA. Despite this, the market has shown some resilience, as the correction has been relatively contained given the magnitude of the geopolitical risks. The previous breakout level around 23800 now becomes a key support. A breach of this level could trigger further downside, with the next major support zone seen between 23600 and 23500, a confluence of the 50DEMA, 89DEMA, and the 38.2% Fibonacci retracement of the recent upmove. On the upside, immediate resistance lies between 24250 and 24300. A broader recovery may only unfold once Nifty decisively surpasses the stiff hurdle at 24600, which marks the 61.8% retracement of the fall from all-time highs. Given the ongoing uncertainty, volatility is expected to remain elevated. Hence, traders are advised to focus on intraday opportunities and avoid aggressive overnight positions.' Loud explosions were heard in parts of Jammu and Kashmir early Saturday, 32 airports have been shut for civilian flight operations, and a complete blackout has been imposed in Punjab's Jalandhar and in several districts of Jammu & Kashmir as tension between India and Pakistan continue to escalate. Meanwhile, the International Monetary Fund (IMF) approved the first review of Pakistan's economic reform program under the Extended Fund Facility (EFF), enabling a disbursement of approximately US $1 billion. India, however, firmly opposed providing funds to a country that continues to sponsor cross-border terrorism. 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 taking any investment decisions.
Mint
26-04-2025
- Business
- Mint
How to avoid next Gensol Engineering in your stock portfolio? EXPLAINED with five crucial ways
Indian stock market: Gengol Engineering shares have been under the sell-off heat after ushering into the second half of 2024. Gensol share price touched a lifetime high of ₹ 1,124.90 apiece on the NSE in June 2024, and Gensol Engineering shareholders started booking profit in the energy stock. However, Gensol Engineering shares came under sharp selling pressure last month when misuse of funds and a series of resignations from top office bearers began. SEBI's revelation about the token EV plant in Pune added extra salt to the wounds of Gensol shareholders. Except for 4 April 2025, Gensol's share price has hit a lower circuit on all trade sessions this month, which is enough to understand the wealth erosion in Gensol shareholders' stock portfolio. In the last 10 months, Gensol Engineering shares have fallen around 92% from the lifetime high of ₹ 1,124.90 apiece. According to stock market experts, Gensol Engineering is not the first and may not be the last stock to strip away your portfolio's entire wealth. So, negating any chances of the next Gensol entering your portfolio is essential. On detecting Gensol Engineering-like shares in one's portfolio, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, "Before adding any random stock in one's portfolio, one has to deep dive into the company's balance sheet. The first and foremost thing to look at is its debt and promoters' pledge status. An analysis of promoters' stake status in recent times would reveal promoters' confidence in the company's valuations at the existing share price. In the case of Gensol Engineering, the company's promoters were continuously offloading their stake. In the January to March 2025 quarter, they almost trimmed their shareholding by over 50%. So, those who were vigilant about the bulk and block deals immediately took cognizance of this behaviour of company promoters and exited booking losses at that time." Gaurav Goel, Founder and director at Fynocrat Technologies, believes the red flags were always there—just overlooked. On a suggestion to those who want to learn from the Gensol Saga, Goel said that success in investing doesn't come from following the crowd. It comes from asking uncomfortable questions and digging until the answers are clear. Goel listed the following five ways to detect the next Gensol in one's portfolio: 1] Deep Dive into Financials: Don't stop at headline numbers if you can do fundamental analysis. A sudden spike in revenue, profit, or borrowings should always trigger deeper scrutiny. Check cash flow consistency, debt levels, and whether the growth is backed by fundamental business drivers or financial engineering. Gensol's rising revenue wasn't matched by cash generation. That disconnect is a significant clue that something's off. 2] Investigate pledged promoter holdings: Pledged shares are a red flag. But more important is why they're pledged. Always check how much of the promoter's holding is pledged. In Gensol's case, 81.7% of promoter shares were pledged — a major red flag suggesting financial stress. If pledging exists, investigate the reason before investing. 3] Avoid the noise: If a company is constantly in the news and drawing excessive attention on social media or forums, it might be best to step back. Excessive popularity often comes before a reality check. Even if it looks like you're missing out on gains, it's better than getting caught in a steep downfall. 4] Be vigilant about corporate developments: Frequent resignations of independent directors, delayed filings, or related-party transactions should never be ignored. These signs often appear before bigger problems come to light. In Gensol's case, there were numerous related-party dealings, and many lacked proper disclosure or clarity. Closely reading the financials and notes to accounts could have raised early red flags and potentially saved investors from exposure. 5] Blind risk vs calculated risk: Without proper research, an investor is simply taking a blind risk. With thorough research, it becomes a calculated risk. Sure, calculated risks can fail, too - but the probability of loss is significantly reduced, and you're better equipped to make informed decisions. The Gensol Engineering saga is a textbook case of what can go wrong when due diligence is ignored in the face of hype. Once seen as a promising EV and renewable energy player, Gensol attracted massive investor interest. But behind the scenes, serious red flags were already present. Gensol had supplied EVs to BluSmart under a lease model. However, SEBI's interim order revealed that instead of buying EVs, the promoters allegedly diverted funds towards unrelated personal expenses - including luxury cars, bungalows, and international transfers. These funds were routed through a complex web of related entities with little disclosure. In response, SEBI barred the promoters from holding managerial roles in any listed company and froze their assets. A forensic audit is underway, and the company is under intense regulatory scrutiny. On Friday evening, IREDA informed the Indian exchanges about the internal review on the Gensol Engineering developments. "Following recent developments concerning Gensol Engineering Ltd and its promoters and associate companies, Indian Renewable Energy Development Agency Limited (IREDA) has initiated an internal review in accordance with RBI guidelines and the company's due diligence protocols. Gensol's account is currently under stress but is not classified as an NPA," IREDA said in a press release issued on Friday. 'The Investigation and Risk Committees of IREDA are closely examining the matter. Appropriate actions regarding collaterals and recoveries will be taken based on the outcome of the review,' IREDA added. Regarding communications from credit rating agencies on the falsified documents, IREDA clarified that it did not issue the letters they referred to. The promoters have diluted their shareholdings without lenders approval, constituting breach of contract. In light of this, IREDA has filed a complaint on above matters with the Economic Offences Wing (EoW) against Gensol on 24th April 2025. Disclaimer: This story is based on exchange filings by Reliance Industries and is for educational purposes only. The views and recommendations above, if any, are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary. First Published: 26 Apr 2025, 10:55 AM IST
