Kotak Mahindra's 1:5 stock split, IndiGo to invest $820 million in aircraft, & more - Groww Digest

Friday, 21 November 2025

Groww Digest

Nov 21, 2025

Markets opened below yesterday’s closing point.

Nifty 50 was volatile, fell in the second half of the day and closed in the red.

All sectors’ stocks fell today except for the FMCG stocks. Metal stocks and realty stocks fell the most.

Global markets: US markets and Asian markets fell. Most European markets fell (as of 6 pm IST).

News

India’s composite PMI (manufacturing + services) fell to 59.9 in Nov (vs 60.4 in Oct). Manufacturing PMI fell to 57.4 (vs 59.2 in Oct). Services PMI rose to 59.5 (vs 58.9 in Oct): according to preliminary estimates. This means economic activity grew less in Nov than in Oct.
India’s forex reserves rose $5.54 billion to $692.58 billion in the week that ended on 14 Nov.
India and Israel signed the Terms of Reference to formally begin negotiations for a Free Trade Agreement (FTA).
Sudeep Pharma IPO has been subscribed 1.42 times. Retail subscription: 1.50 times. IPO closes on 25 Nov.
Excelsoft Technologies IPO was subscribed 43.19 times. Retail subscription: 15.62 times. IPO is closed for subscription.
Capillary Technologies IPO listed on the stock exchanges at a discount of 0.88% on the issue price and closed 5.11% up at the end of the day.

Stocks Updates

InterGlobe (IndiGo): approved a $820 million investment in its subsidiary ‘IndiGo IFSC’ to fund aircraft acquisitions and aviation assets.
Axis Bank: will raise up to Rs 5,000 crore through private placement through non-convertible debentures.
Kotak Mahindra: approved a 1:5 stock split, dividing each Rs 5 share into five Rs 1 shares.
Maruti Suzuki: has invested Rs 2 crore in a mobility intelligence startup Ravity, for nearly 8% stake.
Groww: net profit rose 12% year-on-year to Rs 471 crore in the July-Sept quarter.

Word of the Day

Debt Financing

It is when a company raises money by borrowing it

This is usually done through loans or by issuing bonds.

The borrowed amount is paid back over time, with interest. This way the company can raise the funds it needs without giving away ownership.

The company must ensure it can repay the debt on time to avoid financial problems.

6 Day Course

Theme: different kinds of buyers/sellers in share market
Day 5: Friday

One big category of buyers and sellers is proprietary trading desks.

These traders employ a host of different trading strategies like arbitrage, high frequency trading, shorting, speculative bets, etc.

The sheer volume of their trading activity ensures ample liquidity in the markets resulting in easy buying/selling for other investors.

Next, let’s talk about passive investors. Passive investors are FPIs or DIIs that invest based on a rule.

Nifty 50 index fund being an example.

In case of big index funds, large amounts of money get invested when a certain rule is met.

Example: when a new company is added to an index.

With that, we have covered most of the broad categories of investors.

There can be many classifications and sub-classifications inside these categories.

Each of their behaviour can vary a bit too.

Featured Question

“When market is unpredictable, is it not better to invest through mutual fund rather than through equity”

It all comes down to individual skill and knowledge.

Even fund managers running mutual funds are human beings like everyone else.

The stock markets are unpredictable in the short run.

Because of this, it is easy to lose money. But it also presents many opportunities to buy stocks at good prices.

So, if an investor is good at picking stocks, this unpredictable nature of the markets can be an opportunity.

Else, it can become a risk.

In cases where an investor does not have the required skill and knowledge, it is better to invest in a mutual fund where a fund manager decides what to do.