Latest news with #GauravGoel
Business Standard
27-05-2025
- Health
- Business Standard
Swasth Hriday Ignites Digital Transformation Dialogue at HEALTHTECH 2025 in Vapi
PNN Vapi (Maharashtra) [India], May 27: Swasth Hriday, Gujarat's pioneering digital heart care ecosystem, took centre stage at HEALTHTECH 2025, a prestigious event organised by the Vapi Daman Valsad & Silvasa Medical Association, a branch of IMA-GSB. The highlight of the conference was an insightful talk by Dr. Gaurav Goel, Founder and Director of Swasth Hriday and one of the leading cardiac surgeons in Vadodara. His session, titled "From Paper to Platform: Why Going Digital is No Longer Optional for Practitioners," delivered a clear and actionable roadmap for doctors aiming to stay relevant in today's patient-first digital world. With data showing that over 86% of patients research online before visiting a doctor, the session addressed the urgent need for clinicians to move beyond word-of-mouth and actively manage their digital presence. The talk covered key steps such as optimizing Google profiles, collecting patient reviews, and building trust across platforms. "Your clinical expertise must be discoverable and credible online. If you're not present digitally, you're invisible to the very patients you want to help," said Dr. Gaurav Goel. As part of its mission, Swasth Hriday is helping patients across Gujarat discover and connect with trusted heart specialists. Whether someone is searching for a cardiologist in Ahmedabad, a cardiac surgeon in Ahmedabad, cardiologist in Vadodara, or cardiologist in Surat, the platform offers a verified, secure, and user-friendly experience, both on the web and mobile. With Swasth Hriday, clinicians can showcase their profiles, share achievements, and build meaningful digital relationships with patients, while the public gains access to reliable, real-time information about cardiac care options nearby. About Swasth Hriday Swasth Hriday is a HIPAA-compliant, integrated heart care ecosystem built to connect patients with trusted cardiac professionals across Gujarat. Backed by over 25 years of clinical experience, the platform empowers both care providers and patients on their journey toward better heart health. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Mint
27-05-2025
- Business
- Mint
Prostarm Info Systems IPO day 1 Live: GMP, review, subscription status, other details. Apply or not?
Prostarm Info Systems IPO: The initial public offering (IPO) of Prostarm Info Systems Limited hit the Indian primary market today. The public issue will remain open until 29 May 2025. Prostarm Info Systems IPO will remain open from Tuesday to Thursday this week. The company has fixed the Prostarm Info Systems IPO price band at ₹ 95 to ₹ 105 per equity share. The public issue aims to raise ₹ 168 crore by issuing fresh shares, which is proposed for listing on the BSE and the NSE. Ahead of the Prostarm Info Systems IPO subscription opening, shares of the company are trading at par in the grey market today. According to stock market observers, company shares are trading at par in the grey market today. 1] Prostarm Info Systems IPO GMP today: Market observers say the company's shares are trading at par in the grey market today. 2] Prostarm Info Systems IPO price: The company has fixed Prostarm Info Systems IPO price band at ₹ 95 to ₹ 105 per equity share. 3] Prostarm Info Systems IPO date: The IPO will remain open from Tuesday to Thursday. 4] Prostarm Info Systems IPO size: The public issue aims to raise ₹ 168 crore by issuing fresh shares. 5] Prostarm Info Systems IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 142 company shares. 6] Prostarm Info Systems IPO allotment date: The most likely date for finalising share allocation is 30 May 2025. 7] Prostarm Info Systems IPO registrar: KFin Technologies Limited has been appointed official registrar of the public issue. 8] Prostarm Info Systems IPO investment limit: A retail investor can apply for a minimum of one lot and a maximum of 13 lots. This means the minimum amount required to apply for the book build issue is ₹ 14,910 ( ₹ 105 x 142), and the maximum investment allowed for a retail investor is ₹ 1,93,830 [( ₹ 105 x 142) x 13]. 9] Prostarm Info Systems IPO listing date: The public issue is proposed for listing on the BSE and the NSE, and the most likely date for share listing is 3 June 2025. 10] Prostarm Info Systems IPO review: On whether the public issue is good or bad for primary market investors, Gaurav Goel, Founder and director at Fynocrat Technologies, said, "Prostarm Info Systems is focusing on a fast-growing area like providing reliable power, storing energy, and supporting clean, green energy solutions. Backed by a diversified customer base, proven financials, and expansion-ready infrastructure, the company appears well-positioned to benefit from rising energy needs in industrial and mission-critical sectors." Gaurav Goyal said, assigning a 'subscribe' tag to the book build issue, "Investors looking for steady, long-term exposure to India's growing power infrastructure ecosystem may consider applying to the IPO based on the company's sound fundamentals and growth potential. However, investors with short-term expectations should note that market sentiment appears neutral, and listing-day performance could depend on broader market conditions. Also, compared to its listed peers trading at higher valuations, Prostarm's IPO is priced more reasonably at a P/E of around 21, which makes it relatively attractive for value-conscious investors." Bajaj Broking has also assigned a 'subscribe' tag to the public issue, saying, "Over the years, it has leveraged expertise, processes and infrastructure to cater to diverse end-use industries such as healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology and oil & gas. As of date, PISL is an empanelled vendor for the Airports Authority of India, West Bengal Public Health Engineering Department; West Bengal Electronic Industry Development Corporation Limited; Telangana State Technology Services Limited; Railtel Corporation of India Limited; and NTPC Vidyut Vyapar and Nigam Limited. The company markets its products under its brand, 'Prostarm.' 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
25-05-2025
- Business
- Mint
Reliance Power to Reliance Infrastructure: Will rally in Anil Ambani-owned ADAG stocks continue? EXPLAINED
Reliance ADAG group stocks in focus: Shares of the Anil Dhirubhai Ambani Group (ADAG), which include Reliance Home Finance, Reliance Infrastructure, and Reliance Power, saw a significant increase during trading on Friday (May 23). The stocks of Anil Ambani's Reliance ADAG group experienced a surge, fueled by a number of positive announcements, enhanced financial stability, and important new business initiatives. Reliance Home Finance shares saw a rise of 10% to ₹ 3.64 each, Reliance Power stock increased by 19% to ₹ 53, and Reliance Infrastructure's share price rose by 10.5% to ₹ 313 per share. Gaurav Goel, the Founder & Director at Fynocrat Technologies, notes that the current stock surge is primarily driven by two major companies from the Anil Ambani-led Reliance ADAG group: Reliance Power, a notable private-sector electricity producer that is also making strides in solar and renewable energy with various large-scale projects. The second company, Reliance Infrastructure, focuses on power distribution and EPC contracts while becoming increasingly involved in defense manufacturing through its subsidiary, Reliance Defence. Although both firms faced challenges in the past due to significant debt and poor performance, a number of crucial agreements and improved financial outcomes are altering investor sentiment towards these companies. Reliance Power is repositioning itself as a major renewable energy player. Recent project wins include: - SECI PPA : Subsidiary Reliance NU Suntech signed a 25-year agreement with SECI to supply 930 MW of solar power with 1,860 MWh of battery storage. This ₹ 10,000 crore project is set to become Asia's largest integrated solar plus storage plant. - SJVN Win : Reliance NU Energies won a national tender for a 350 MW solar + 700 MWh BESS project floated by SJVN, further strengthening the group's clean energy footprint. - Bhutan Project : Reliance Power also signed a commercial term sheet with Bhutan's government to develop a 500 MW solar plant in a ₹ 2,000 crore joint venture which is the largest private-sector foreign investment in Bhutan's renewable space to date. Reliance Power recently reported a turnaround , posting a net profit of ₹ 126 crore for the March quarter, compared to a loss of ₹ 397 crore in the same period last year. The cost controls and lower finance expenses are being seen as a sign of operational discipline. In May, Reliance Power raised ₹ 392 crore through the conversion of preferential warrants by Reliance Infrastructure and Basera Home Finance. This capital boost helps strengthen the balance sheet and improve financial flexibility. Reliance Infrastructure's defence arm, Reliance Defence Ltd, announced a strategic collaboration with Rheinmetall AG, a major German defence company. After two successful joint ventures with global majors, Dassault Aviation and Thales Group of France, this is the third significant international partnership for Reliance Defence.A non-binding agreement has been signed to jointly manufacture ammunition and propellants in India. A large-scale Greenfield manufacturing facility will be built in Ratnagiri, Maharashtra, under the Dhirubhai Ambani Defence City. The goal is to position Reliance Defence among the top three defence exporters in India. The manufacturing facility, one of the largest in South Asia, will have an annual capacity to produce up to 200,000 artillery shells, 10,000 tons of explosives and 2,000 tons of propellants. Reliance Infrastructure also announced a settlement of a ₹ 1,673 crore corporate guarantee with Cosmea Business Acquisitions Pvt Ltd. The agreement gives the company 10 years of flexibility, with no immediate cash obligations. On a less positive note, HK Toll Road, a subsidiary of Reliance Infrastructure, is involved in a legal matter where Canara Bank has filed a case for a claim of ₹ 282.60 crore under the Insolvency and Bankruptcy Code. The company has assured that it will take the necessary legal steps to protect its interests. According to Anshul Jain, Head of Research at Lakshmishree Investments, the ADAG pack, Reliance Power stands out as the strongest, having broken out of a 33-week-long cup and handle pattern on the weekly chart. The breakout was backed by volumes 8x higher than the 50-day average, indicating strong, broad-based participation. 'The stock is currently holding above the breakout level, and any dip towards ₹ 48 or consolidation around this zone presents a fresh buying opportunity. The pattern projects an immediate upside target of ₹ 65,' said Jain. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
22-05-2025
- Business
- Mint
Borana Weaves IPO Day 3 LIVE: GMP, subscription status to review. Apply or not?
Borana Weaves IPO: Bidding for the Initial Public Offering (IPO) of Borana Weaves Limited opened on 20 May 2025 and will remain open until 22 May 2025. This means investors have just one day to apply for the Borana Weaves IPO. The book build issue has received a strong response from the primary market investors in the first two days of bidding. According to the Borana Weaves IPO subscription status, the public issue has been booked over 29 times in the first two days. The Indian grey market is also bullish on Borana Weaves shares, trading at a premium of ₹ 61 per equity share. According to stock market observers, Borana Weaves' IPO GMP (Grey Market Premium) today is ₹ 61, which is ₹ 5 higher than Wednesday's GMP of ₹ 56 apiece. Experts said that positive sentiments on Dalal Street could be the reason for the rise in the grey market sentiments on Borana Weaves' IPO. They predicted further upside on the grey market sentiment if the Indian stock market continues to trade upside on the subsequent two sessions of the week. In the first two days of bidding, the book build issue was subscribed 29.46 times. The retail portion of the public offer was filled 77.16 times, the NII segment was booked 53.07 times, and the QIB portion was subscribed 1.76 times. Infographic: Courtesy mintgenie Giving a 'subscribe' tag to the public issue, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "Borana Weaves offers a compelling growth story in the synthetic textile sector. The company can scale profitably with a vertically integrated model, high-capacity utilization, and efficient water jet loom technology investment. While the IPO is priced fairly based on future earnings (with an estimated P/E of 14.7x for FY25), meaning it's not cheap, the company's strong fundamentals and positive industry trends support a favourable long-term outlook. Investors with a long-term horizon may consider subscribing to this IPO." INDSEC Securities has also assigned a 'subscribe' tag to the book build issue: "At an upper price band of ₹ 216, Borana Weaves is valued at a PE of 24.4x on FY24 earnings vs Industry peer set average PE of 35x. The company manufactures specialized synthetic grey fabric and polyester-textured yarn. The demand for polyester in India is projected to grow from 4 Mnt to 6.7 Mnt by 2025. Also, the global end-use market for artificial fibres will expand by 3.7% by 2025. Over FY22-24, the company's Revenue/EBITDA/APAT has registered a CAGR of 116.8%/182.1%/262.1%, respectively. Within 9M of FY25, revenue has already surpassed FY24 reported revenue, owing to scale in capacity utilisation of unit 3, which got commercialised in Q4 FY24. Through IPO proceeds, the company intends to set up a new manufacturing unit to reach a 346 million meters per annum capacity and continue capitalising on the growing demand for synthetic fabric. Additionally, foraying into producing high-margin technical textiles is expected to improve business margins further. In FY24, the company's ROE and ROCE were at 49.5% and 24.3%, respectively. We have a "Subscribe" rating for the IPO on account of strong industry growth tailwinds, higher capacity utilisation (>75%) in the existing facility, coupled with the new facility and diversifying into high-margin products." 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
21-05-2025
- Business
- Mint
Belrise Industries IPO Day 1 Live: GMP, subscription status, review, other details. Apply or not?
Belrise Industries IPO: The initial public offering (IPO) of Belrise Industries Limited hit the Indian primary market today. According to the Belrise Industries IPO schedule on the BSE website, the public issue will remain open until 23 May 2025. The auto company has declared the Belrise Industries IPO price band at ₹ 85 to ₹ 90 per equity share. The company aims to raise ₹ 2,150 crore, which is entirely fresh. According to stock market observers, shares of Belrise Industries Limited are available in the grey market at a premium of ₹ 4 per equity share. 1] Belrise Industries IPO GMP today: According to stock market observers, shares of the company are available at a premium of ₹ 4 in the grey market today. 2] Belrise Industries IPO price: The company has fixed the price band of the public issue at ₹ 85 to ₹ 90 per equity share. 3] Belrise Industries IPO date: The book build issue hit the primary market today and will remain available for bidding until 23 May 2025. 4] Belrise Industries IPO size: The company aims to raise ₹ 2,150 crore, which is entirely fresh. 5] Belrise Industries IPO lot size: Bidders can apply in lots, and one lot of the book build issue will comprise 166 company shares. 6] Belrise Industries IPO allotment date: The announcement of share allocation is likely on 24 May 2025. If there is any delay due to 24 May being a Saturday, then we can expect the announcement on 26 May 2025, i.e. Monday next week. 7] Belrise Industries IPO registrar: Link Intime India Private Limited has been appointed the official registrar of the book build issue. 8] Belrise Industries IPO lead managers: Axis Capital, HSBC Securities and Capital Markets, Jefferies India, and SBI Capital Markets have been appointed lead managers of the book build issue. 9] Belrise Industries IPO listing date: The book build issue is proposed for listing on the BSE and the NSE, and the most likely date for share listing is 28 May 2025. Infographic: Courtesy mintgenie 10] Belrise Industries IPO review: On whether one should apply for the public issue or not, Anand Rathi says, "At the upper band, the company is valued at 26x its FY24 EPS. Following the issuance of equity shares, the company's market capitalisation stands at ₹ 80,089 million, with a market cap-to-sales ratio of 1.07 based on its FY24 earnings. The company focuses on increasing its Content per Vehicle and EVs, 4-wheelers, and Commercial Vehicles. We believe the issue is fairly priced and recommend a "Subscribe – Long Term" rating to the IPO." Giving a 'subscribe' tag to the public issue, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "The company has established a robust manufacturing footprint with 15 plants spread across nine cities in eight states, allowing it to maintain proximity to key customers and reduce supply chain friction. The company's business model is aligned with the automotive sector's increasing focus on electric vehicles and lightweight engineering, enabling it to tap into future growth segments. With a track record of consistent expansion and a diverse product offering integrated across vehicle platforms, Belrise positions itself as a vital supplier in India's automotive manufacturing ecosystem." In addition to these, Choice Broking, ICICI Direct, and Ventura Securities have also assigned a 'subscribe' tag to the book build issue. 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.
