NSE IX to list foreign-currency equity, Dixon to make robotic vacuum cleaners, & more
Tuesday, 8 July 2025
Markets opened slightly below yesterday’s closing point.
Nifty 50 was volatile but stayed in a range. It sharply rose in the last half hour and closed in green.
Realty stocks and private bank stocks rose the most today. Consumer durables stocks and pharma stocks fell the most.
Global markets: US markets fell, and most European markets closed in green. Most Asian markets rose.
News
NSE International Exchange (NSE IX) will launch its first foreign-currency equity listing this quarter at GIFT City, to enable unlisted firms based in India or outside to raise global capital: CEO, V. Balasubramaniam.
MHADA signed an agreement with Adani Group to redevelop Motilal Nagar in Goregaon, Mumbai, providing 1,600 sq ft apartments over a 142 acre development area.
Travel Food Services IPO has been subscribed 0.25 times. Retail subscription: 0.28 times. Open for subscription till tomorrow (9 July).
Stocks Updates
Dixon Tech: signed an agreement with Eureka Forbes to assemble, manufacture, and supply robotic vacuum cleaners.
Adani Power: completed the Rs 4,000 crore acquisition of Vidarbha Industries Power, a 600 MW coal-fired power plant located in Butibori, Nagpur.
Shriram Finance: will have a meet on 11 July to consider repurchasing its listed non-convertible debentures (NCDs).
JSW Steel: company’s crude steel production rose 14% year-on-year to 7.26 million tonnes in the April-June quarter.
Kotak Mahindra: set 18 July as the record date for final dividend for the FY 2024-25.
REC: incorporated 2 new wholly owned subsidiaries, ‘Umred Power Transmission Ltd’ and ‘Sakoli Power Transmission Ltd’ to develop intra-state transmission projects in Maharashtra.
Word of the Day
Private Equity Firms (PE)
They are institutions that provide funding to other companies
The companies that they invest in are often private or unlisted companies.
These firms pool money from investors to take ownership or buy stakes in already established companies.
They are different from Venture Capital (VC).
VCs usually invest in companies that are very young, while private equity firms invest in companies that need help to grow further.
PEs often take control of the company.
Their goal is to hold the investment for a few years and eventually sell it at a profit (via IPO, merger, or acquisition).
6 Day Course
Theme: Warren Buffett’s checklist
Day 2: Tuesday
Warren Buffett placed a huge amount of importance on the management or the people running the company.
Easy to run: he is famous for saying he likes companies that anybody could run.
This ties well with his other philosophy of investing in simpler businesses.
Complex businesses require people with extremely specialised skills. If those key people leave/quit, the company starts to crumble.
Integrity: Warren is known to place extreme importance on the integrity of the people running the company.
He likes to stay away from people who cannot be trusted or seem suspicious, even if the company’s numbers look good.
On similar lines, he values companies where the management is transparent with the shareholders.
Featured Question
Q. “How should one reshape their portfolios considering the desired return has been achieved is it wise to withdraw all or restructure and reinvest again”
This is a great question.
Let’s say you wanted to earn 17% from your investment in one stock.
That is a high return. What should you do now?
Should you sell and re-invest that money in some other stocks/asset?
Should you keep holding?
This will always depend case by case.
There are many questions we have to ask and answer.
Based on the answers, we can determine the next strategy.
Will this rally continue? Or, is it likely to continue?
If yes, then maybe continue holding that stock for some more time.
But you will have to keep a close eye on it. If its share price starts falling very fast, you might have to sell it.
Many times, the fall can be faster than we can react. So in such a case, it might not be worth the risk.
If you do not expect the stock to continue doing well, selling and re-investing somewhere else might be more beneficial.
If you are not sure about any of these questions’ answers, then a graded plan might work better.
Start selling some portions bit by bit over a few weeks/months.
Keep selling if the returns don’t look promising. Or, stop selling if the returns continue to go up.
Where to keep this money you are withdrawing?
This again depends on your individual strategy.
If you want to keep it safely, put it in low-risk assets like FD, debt funds, etc.
Many good investments are missed out because investors sell too soon.
Specifically in the case of stocks, you can use a tool like stop-loss to limit your losses.
Did you like this edition?
Leave a feedback here!