Market Bizzz

India’s potential for growth remains high, and the market can perform well over the next decade. However, there is concern that the current market cycle may have already peaked. The article advises caution with investments, suggesting only moderate risks due to unpredictable global policy changes and the current economic climate.

The Rs 28 crore IPO of PS Raj Steels will open for subscription on Wednesday, listing on the NSE SME platform with 20.2 lakh shares. The company, specializing in stainless-steel pipes and tubes, aims to utilize the proceeds for working capital and corporate purposes. Allotment is set for February 17, with listing on February 19.

Rajesh Jejurikar, CEO of Mahindra & Mahindra’s Auto & Farm Sector, highlights their focus on selling electric SUVs as lifestyle vehicles, emphasizing design, tech, performance, and premium interiors. M&M aims for 20-30% of their SUV portfolio to be EVs within two years, balancing electric and internal combustion engine vehicles to offer customer choice.

Delhivery reported a 114% YoY increase in Q3FY25 net profit to Rs 25 crore, marking three consecutive profitable quarters. Revenue from operations rose 8% to Rs 2,378 crore. Despite industry challenges, the company maintained profitability and experienced growth in several service segments like Express Parcel and Supply Chain Services.

Daljeet Kohli from Roha Asset Managers LLP notes that despite the RBI’s 25 bps rate cut, the major issue of deposit mobilization in the financial sector remains unresolved. While asset quality is stable with expected growth of 14-15%, Kohli is cautious about investing in financial services companies, except for power financiers, until deposit challenges are addressed.

Gokaldas Exports, based in Bengaluru, reported a significant 65% increase in profit after tax for Q3FY25, reaching Rs 50 crore. This rise aligns with a 79% increase in total income, following the company’s recent acquisitions. The EBITDA margin for Q3FY25 stood at 11.9%, reflecting improvement and stability.

Shanti Educational Initiatives Ltd (SEIL) has experienced a significant increase in net profit and total income for the October-December quarter of FY25. The company’s total income rose to Rs 20.94 crore, while net profit jumped to Rs 1.95 crore, demonstrating strong financial growth across its entities.

Advanced Sys-Tek Ltd has sought Sebi’s approval for an IPO to raise Rs 115 crore and an OFS of 15.27 lakh shares by promoters Mukesh R Kapadia and Umed Amarchand Fifadra. The funds will support capital expenditure, long-term working capital, and general corporate purposes. Specializing in industrial automation, the company has completed over 200 installations globally.

Amazon shares fell 3.72% to $229.95 following disappointing cloud revenue growth. The company’s cloud unit reported a 19% revenue rise, missing expectations slightly. Analysts raised concerns over Big Tech’s AI investments and infrastructure constraints. Despite this, some noted Amazon’s cloud growth acceleration compared to Microsoft and Google, indicating potential market share gains. Market valuation could drop significantly if losses persist.