Crude oil imports up 41%, Shiprocket 35% listing gains, & more - Groww Digest
Wednesday, 19 August 2026
Markets closed lower compared to yesterday’s closing point.
Media stocks and FMCG stocks fell the most today. Only IT stocks and consumer durables stocks rose.
Global markets: US markets fell on Tuesday. Most Asian markets fell on Wednesday. European markets showed a mixed trend (as of 6 pm IST).
News
The government approved upgradation of Muzaffarpur-Sitamarhi-Sonbarsa section of NH-22 in Bihar worth Rs 3,590.73 crore.
India’s crude oil imports rose 41.24% year-on-year in July to $13.70 billion compared to $9.70 billion a year ago. The volumes rose 13.22% to 21.40 million metric tonnes in the same period.
UK’s retail inflation rose to 2.90% in July compared to 2.60% in June.
IPO Corner
Shiprocket Ltd listed at Rs 131 on NSE, a premium of 35.05% over its issue price and closed 47.53% higher.
Horizon Industrial Parks was subscribed 1.45 times on day 3. Retail subscription: 0.96 times. The IPO closed for subscription.
Lalithaa Jewellery Mart was subscribed 62.97 times on day 3. Retail subscription: 11.81 times. The IPO closed for subscription.
Stocks Updates
Hyundai Motor India: Will increase vehicle prices by up to 1% from September 2026 due to higher input, commodity and operating costs. The increase will vary by model and variant.
HDFC Life: IRDAI approved the five-year reappointment of Vibha Padalkar as MD & CEO and Niraj Shah as Executive Director & CFO.
Cipla: NCLT allowed the application for the proposed merger of wholly owned subsidiary Inzpera Healthsciences Ltd into Cipla.
LIC: reported a post-OFS update following the offer for sale. The Government of India’s stake in LIC stands at 90%, while public shareholding has increased to 10%.
Word of the Day
Senior Unsecured Bond
It is money borrowed by a company (bond) without offering any asset as collateral.
Say a company wants to raise money. They raise money from investors, and in return, the company promises to pay them interest regularly and return their money when the bond matures. This is called a bond.
The key terms to note in this are ‘senior’ and ‘unsecured’.
- Senior: bonds are paid back as the first priority if the company defaults.
- Unsecured: the company has not pledged any asset as collateral for the loan.
Other terms are:
- Secured: bond is backed by assets
- Junior bonds: these are bonds that get paid after senior bondholders in case of default
6 Day Course
Theme: opex and capex
Day 3: Wednesday
Companies belonging to different industries have vastly differing capex levels.
Some industries tend to be high capex while others are low on capex.
Companies operating in the energy, mining, infrastructure space tend to have very high capex.
Most industries lie somewhere in between.
Industries like telecom, hospitality, railways, etc are considered high capex but not too high.
Consumer, retail, pharmacy tend to have even lower capex.
Industries like IT and software are generally extremely low capex industries. The same is also true in case of financial services companies.
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