US tariffs on solar imports, govt to sell 4% stake in IRFC, & more - Groww Digest
Wednesday, 25 February 2026
Markets opened above yesterday’s closing point.
Metal stocks and auto stocks rose the most today. PSU bank stocks and FMCG stocks fell the most.
Global markets: US markets and Asian markets rose. European markets rose (as of 6 pm IST).
News
The US has imposed preliminary 126% tariffs on solar imports from India, citing unfair subsidies for domestic manufacturing.
Omnitech Engineering IPO has been subscribed 0.08 times. Retail subscription: 0.06 times. IPO closes on 27 Feb.
Clean Max Enviro Energy IPO was subscribed 0.94 times. Retail subscription: 0.06 times. IPO is closed for subscription.
Stocks Updates
Adani Green: incorporated a wholly owned subsidiary, Adani Renewable Energy Middle East Ltd, in the UAE.
IRFC: signed a loan agreement to raise JPY-equivalent $400 million through a 5-year unsecured external commercial borrowing from SMBC and MUFG. The Indian government will also sell up to 4% of IRFC via OFS on 25 and 26 Feb at floor price of Rs 1,104 per share.
Vedanta: board approved issuing up to Rs 3,000 crore non-convertible debentures via private placement.
Word of the Day
Cash Conversion Cycle
It shows how long it takes a company to turn its investments into cash
It measures the time from buying materials, making products, selling them, to collecting money from customers.
The time taken is measured in days.
A shorter cycle means the company gets cash back faster, which shows it is running efficiently.
For companies that keep products or materials in stock (inventory), this is one of the metrics of their financial health.
6 Day Course
Theme: SIF
Day 3: Wednesday
SIFs can be open ended or close ended.
Meaning, if they are open ended, investors can withdraw any time. Whereas close ended means investors will be able to withdraw only during fixed withdrawal windows or at the maturity of the fund.
Even in case of open ended SIFs, they may not allow redemption or withdrawal as frequently as mutual funds.
SIFs are allowed to have redemption windows like daily, weekly, fortnightly, monthly, etc.
A staggered or less frequent redemption cycle would allow fund managers to take more long-term oriented bets that require consistency and visibility into the future.
Such strategies suffer from sudden redemption orders.
Featured Question
Q. “How do AMC Fund Managers Invest our money in market? Do they have direct contact with BSE or NSE? How they place orders for stocks for such a big amount. Is there a Special Software for AMC ?”
Just like we have investment platforms we use to place orders, AMCs also use dedicated institutional trading desks.
They also use specialised software that is designed to help them place large orders with a high degree of control over different metrics and conditions.
Some of the larger deals happen via bulk deals and block deals.
The fund managers decide the orders to place. The actual buy/sell orders are placed by dedicated order execution teams handling the placing of the orders.
They do not have specialised access to BSE or NSE though. All trading happens via registered brokers.
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