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Bloomberg Quint

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Buy Sun Pharma, Add Metropolis Lists HDFC Securities Among Others In Pharma, Healthcare; Q1 Results Preview

  • HDFC Securities expects strong performances from Lupin, Ipca, and Torrent in the pharma and healthcare sector, while Aurobindo, Zydus, and Max Healthcare may post muted results.
  • IPM has seen steady growth at 7.2% in Apr/May’25, with a 10% growth in the chronic segment offset by a 6% growth in the acute segment.
  • Pharma coverage is projected to see an 11% YoY sales growth, driven by a rise in India business by 11% YoY and a 2% QoQ growth in US sales.
  • The hospital business is expected to grow by 15% YoY, supported by steady average revenue per occupied beds and M&As such as Max Healthcare.

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Bloomberg Quint

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PI Industries, Gopal Snacks, RK Forgings, Ireda CG Power Among Others Buzzing On Dealers' Desk

  • Dealers indicate sell flows on institutional desks for PI Industries while Gopal Snacks, Ashapura Mine, and RK Forgings are witnessing large buy orders on high-net-worth desks.
  • Multiple dealing rooms have been giving buy calls on IREDA due to cheap valuations and 30% AUM growth guidance. VST Tillers is experiencing buy flows in anticipation of a GST rate cut for small tractors.
  • CG Power is seeing buy flows on domestic institutional desks with expectations of an upmove. The stock has been consolidating recently.

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SiliconCanals

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Enschede-based QuiX Quantum secures €15M to launch first universal photonic quantum computer

  • Enschede-based QuiX Quantum secures €15M in Series A funding led by Invest NL and EIC Fund.
  • The funding will be used to launch the first universal photonic quantum computer, advancing photonic quantum computing technology.
  • QuiX Quantum leverages the principles of superposition, entanglement, and interference to process information in fundamentally different ways from classical computers.
  • The company aims to demonstrate universality by overcoming challenges in feed-forward electronics and single-photon sources and plans to focus on implementing error correction in subsequent systems by 2027.

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Bloomberg Quint

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JTL Industries Shares Rally To Four-Month High As It Plans New Pipe Manufacturing Facility

  • JTL Industries' shares surged to a four-month high after announcing plans for a new pipe manufacturing facility, focusing on high-strength steel pipe segments.
  • The new facility, to be completed in 12 months, will add an Electric Resistance Welded pipe manufacturing line with a capacity of 3 lakh million tons per annum.
  • The move aims to cater to the ASTM/API-grad pipe market, strengthening JTL Industries' position in value-added segments.
  • JTL Industries' share price rose 6.26% to Rs 85.96 apiece, marking the highest level since March 6, contributing to a positive streak for five consecutive days.

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Bloomberg Quint

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Rising Delinquencies In MSME Loans Spark Concerns For NBFCs

  • MSME sector shows cracks in credit health with rising delinquencies in low-ticket loans.
  • NBFC small business loans overdue for 90+ days increased to 1.9% from 1.3% a year ago.
  • Overleveraging by borrowers and lending shifts contribute to the alarming trend.
  • MSME lending portfolio at Rs 4.4 lakh crore, expected to touch Rs 5.3 lakh crore.

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Bloomberg Quint

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SBI's Rs 25,000-Crore QIP Likely Next Week

  • SBI, India's largest lender by assets, is preparing to sell around $2.9 billion of shares through a Qualified Institutional Placement (QIP) as early as next week.
  • If fully subscribed, this would be the largest QIP in India, exceeding Coal India Ltd.'s sale in 2015.
  • The sale is part of SBI's strategy to support loan growth, strengthen its balance sheet, and meet regulatory requirements.
  • The bank has shortlisted six investment banks to manage the transaction and the plans are subject to change.

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Bloomberg Quint

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India’s Power Demand To Surge More Than 7% Annually Over A Decade: Goldman Sachs’ Nikhil Bhandari

  • India's power demand is projected to increase by over 7% annually until FY35, according to Goldman Sachs' Nikhil Bhandari.
  • Renewables and hydropower have dominated new power capacity additions, with concerns arising about grid stability and meeting rising power demand.
  • The need for coexistence of thermal and renewable energy sources, along with addressing storage challenges, notably battery manufacturing, is crucial for India's energy sector growth.
  • Bhandari suggests focusing on integrated renewable energy solution providers and highlights the necessity for substantial battery storage and grid modernization efforts.

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Bloomberg Quint

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Indian Hospitality Q1 Results Preview — 'Buy' Lemon Tree, 'Reduce' EIH Lists Yes Securities Among Others

  • Yes Securities maintains a positive view on the Indian Hospitality industry and remains constructive on the sustainable industry upcycle.
  • In Q1, there was momentum in average room rate growth, although with some moderation.
  • April saw strong momentum with 11-13% ARR growth YoY and 4-6% increase in occupancy, leading to revenue per available room growth of 20-22% across the industry.
  • May showed a decline in occupancy YoY due to seasonal softening and geopolitical tensions impacting travel demand.

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Medium

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The Blueprint of a Fundable Seed-Stage Startup

  • Seed-stage fundraising for startups can be simplified to a few key factors.
  • Investors look for traits like coachability and prior experience working together for co-founders.
  • Startups need to articulate the problem clearly and explain the 'why now' for their solution.
  • Validation of the problem and solution is crucial, as good communication can shape investor confidence.

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Bloomberg Quint

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Quick Commerce Eyes Tier-2 Cities As Next Growth Driver Amid Competitive, Regulatory Headwinds, Notes Emkay

  • Quick Commerce is focusing on tier-2 cities for growth, despite competitive and regulatory challenges, according to brokerage firm Emkay.
  • Tier-2 cities are becoming economically viable for Quick Commerce due to lower costs, making breakeven thresholds lower than in metros.
  • E-commerce giants are integrating Quick Commerce features into their platforms, with large retailers adopting a hybrid model to fulfill orders from existing stores.
  • Quick Commerce players are shifting focus to profitability by increasing average order value through high-margin categories, despite facing competition and execution challenges.

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SiliconCanals

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French femtech Solence bags €1.6M to help women manage PCOS through lifestyle changes

  • Solence, a French health startup, has secured €1.6M in seed funding to assist women with Polycystic Ovary Syndrome (PCOS) through lifestyle changes.
  • PCOS affects up to 20% of women globally, yet 85% lack sufficient support. Solence aims to address gaps in PCOS care by offering a digital app with a twelve-week program based on research.
  • The company focuses on lifestyle interventions beyond medication, providing tools for symptom management and leveraging data insights for personalized care.
  • Solence plans to utilize the funding to enhance its app's functionality, expand its team, establish clinical partnerships, and improve distribution strategies to benefit millions of women worldwide.

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Bloomberg Quint

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Buy, Sell, Or Hold: Brijesh Ail's Insights On Time Techno, CAMS, And CEAT

  • Brijesh Ail, Head of Technical and Derivatives at IDBI Cap, recommends buying Time Technoplast Ltd., Computer Age Management Services Ltd., and Ceat Ltd.
  • For Time Technoplast, the recommendation is to buy at the current market price with a stop loss at Rs 436 and a target of Rs 475.
  • For Computer Age Management Services Ltd., buying is advised at the current market price with a stop loss at Rs 4,151 and a target of Rs 4,450.
  • For Ceat Ltd., the suggestion is to buy at the current market price with a stop loss at Rs 3,709 and a target of Rs 4,100.

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Bloomberg Quint

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Still Waiting For EPF Interest Credit? Here’s What You Can Do

  • The EPFO has initiated the process of transferring the interest amount for FY 2024-25 to EPF subscribers' accounts, and the process will be completed soon.
  • The Finance Ministry has approved an interest rate of 8.25% for the year, and the interest will be credited soon, although there might be some delay in the process.
  • EPFO members can check the status online and take corrective measures in case of any discrepancy in the interest credited to their accounts.
  • Labour Minister Mansukh Mandaviya mentioned that EPFO is expected to finish crediting the 8.25% interest for the financial year 2024-25 into members' accounts by the end of the week.

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Eu-Startups

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German startup Skleo Health raises €3 million to combat preventable blindness with accessible AI-powered eye screenings

  • Skleo Health raises €3 million in Seed funding to combat preventable blindness.
  • The Düsseldorf-based HealthTech company aims to scale its accessible AI-powered eye screenings.
  • The funding will help expand operations, connect patients with specialist care, and advance AI.
  • Skleo Health's approach aims to make preventive eye care more accessible and efficient.

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Bloomberg Quint

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Explained: The 'Fake Wedding' Trend Viral On Social Media And Why Indians Are Going Gaga

  • Fake weddings are the latest trend in urban areas, mimicking traditional Indian weddings.
  • These events offer all the fun without the couple, commitments, or family drama.
  • Urban youth embrace the trend for celebration, creativity, and content creation opportunities.
  • Professional organizers host ticketed fake weddings, appealing not only in India but also abroad.

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