Lenskart IPO, L&T's Rs 15,000 crore order, & more — Daily Digest
Tuesday, 29 July 2025
Markets opened below yesterday’s closing point.
Nifty 50 gradually rose in the second half of the day. Main reason being the rise in large Nifty 50 stocks due to positive sentiments.
All sectors’ stocks rose today. Realty stocks and pharma stocks rose the most.
Global markets: Most US and Asian markets closed in green. Most European markets rose.
News
RBI Digital Payments Index (DPI) rose 10% year-on-year to 493.22 in March (vs 465.33 in Sept 2024). The index reflects the extent of digital transactions in the country and it is published every 6 months (March and Sept).
Lenskart has applied for an IPO with SEBI. It includes a fresh issue of Rs 2,150 crore and an offer-for-sale.
Juniper Green Energy applied for a Rs 3,000 crore IPO with SEBI.
Aditya Infotech IPO has been subscribed 2.05 times. Retail subscription: 6.52 times. IPO closes on 31 July.
Stocks Updates
L&T: net profit rose 30% year-on-year to Rs 3,617 crore in the April-June quarter. It also received an ultra-mega order from a Middle East client for the development of offshore oil & gas structures and facility upgrades, through a subsidiary. An ultra-mega order for L&T is more than Rs 15,000 crore.
Asian Paints: net profit fell 6% year-on-year to Rs 1,100 crore in the April-June quarter. The board also approved the amalgamation of its wholly-owned subsidiary, Asian Paints (Polymers) with the company.
Varun Beverages: net profit rose 5% year-on-year to Rs 1,317 crore in the April-June quarter. Dividend announced: Rs 0.5 per share; record date: 2 Aug. The company will also form a 50:50 joint venture company ‘White Peak Refrigeration’ with Everest International Holding to manufacture visi-coolers and other refrigeration equipment.
Reliance: signed a joint operating agreement with ONGC and BP to explore an oil and gas block located off the western coast in Saurashtra basin.
HDFC Life: paid back Rs 600 crore plus Rs 40.02 crore interest to fully redeem debentures 5 years early on 29 July.
Airtel: completed the acquisition of around 5% stake in Aduna Global Holding, a venture by Ericsson and global telecom providers, for selling network APIs.
Power Finance Corp: transferred its subsidiary, Angul Sundargarh Transmission, to H.G. Infra Engineering for Rs 8.16 crore.
Word of the Day
Debt Trap
It is a situation where someone keeps borrowing money in order to repay old loans.
It can happen when debt grows faster than your income or your ability to repay.
Over time, it becomes a cycle that is very hard to escape.
Individuals, companies, or even countries can fall into a debt trap.
Example: a person takes out a loan to pay for education. After graduating, they realise their job does not pay enough to cover their EMIs.
So, they take another loan to keep up with the payments. If this cycle of borrowing continues, it becomes a debt trap.
The more you borrow, the more interest you have to pay. After a point, most of the new loan goes just in paying off the interest, not the actual loan.
6 Day Course
Theme: quant investing
Day 2: Tuesday
Quant investing involves building a ‘model’.
A model is a set of instructions. This is what decides how investing will happen.
Let’s say you make a computer program that buys 20 shares of XYZ company if the share price is Rs 302 or below; the PE ratio is less than 35 but more than 20; the quarterly earnings growth is more than 10%.
Then this is the model you have built.
This is an extremely simple model. Most models in use today are extremely complicated.
In fact, they might be so complicated that nobody (even the maker) would know the exact conditions under which the model buys/sells/holds stocks.
This is called a 'black box model'. It works but we cannot explain exactly why it works.
In such cases, the model is made using machine learning and artificial intelligence. We will learn more about it tomorrow.
Featured Question
Q. “With new tax regime, elss funds still possess that advantage, as it had with old tax regime?”
No, there is no benefit of investing in ELSS mutual funds or tax saver mutual funds under the new tax regime.
It is useful only if you are opting for the old tax regime — under section 80C.
Many investors like the returns offered by ELSS mutual funds. In that case, you can invest in them. They are still good investment options.
It’s just that your money will still be locked in for 3 years.
Alternatively, you can explore investing in multi-cap funds and/or flexi-cap funds. Their investing style is similar to ELSS funds.
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