Market Bizzz

Vodafone Idea shares will be in focus on June 19 after it announced a partnership with AST SpaceMobile to launch satellite-based mobile connectivity in India. The tie-up aims to bring Direct-to-Device (D2D) broadband services using standard mobile phones, supporting the Digital India vision and improving access in remote and underserved areas.

Deepak Shenoy of Capital Mind remains optimistic about India’s long-term investment potential, citing a strong economy and controlled inflation. He acknowledges near-term market uncertainty and geopolitical tensions impacting crude oil prices, but believes India can manage current levels. While OMCs may experience margin volatility, Shenoy suggests focusing on long-term growth rather than short-term gains in the Indian market.

Kotak Institutional Equities’ Chief Economist, Suvodeep Rakshit, anticipates headline inflation to remain between 3-3.5% for a prolonged period, averaging around 3.5% for FY26. While early monsoon onset is positive, rainfall data shows a deficit. Urban consumption remains weaker than rural, but a cyclical recovery is expected with government spending and policy easing.

UGRO Capital is set to acquire Profectus Capital Private Limited for Rs 1400 crore. This all-cash deal will boost UGRO’s business by 30%. It will also add Rs 150 crore to annual profits. The acquisition will be funded through a rights issue and convertible debentures. Profectus, an MSME lender, will become a wholly-owned subsidiary.

Polycab India has bagged a significant deal. It is a Rs 6,447.54 crore contract from Bharat Sanchar Nigam Limited. This is under the BharatNet project. Polycab will be the Project Implementation Agency. They will handle network development in Karnataka, Goa, and Puducherry. The project includes construction and maintenance. Analysts predict a potential upside for Polycab shares.

Vedanta plans to sell shares of Hindustan Zinc for Rs 7,500 crore through block deals. The shares may be offered at a discount. DAM Capital and Citi will manage the transaction. Hindustan Zinc’s board has approved a major expansion plan. This includes a new zinc metal complex in Rajasthan. The project requires an investment of Rs 12,000 crore.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Tanla Platforms shares will be in focus after the board approved a Rs 175-crore share buyback at Rs 875 per share via tender offer. The buyback represents 1.49% of equity capital. Despite a slight rise in Q4 revenue, net profit fell 9.9% YoY. The stock has jumped 53% in 3 months.

India outperformed considerably in 2024 which partly explains part of the underperformance this year. By around September last year, valuations were no longer inexpensive, earnings forecasts started seeing moderate cuts, FPI outflows followed, and system liquidity went into deficit – a trend which continued into 1Q2025.