Research

Published on Friday, March 28th, 2025
Market Snapshot The first trading session of the April series witnessed high volatility, with benchmark indices ending lower. Auto and IT stocks remained under pressure amid concerns over potential US tariffs. The market opened flat and traded in a lackluster

Restoring Balance – March 2025
Published on Thursday, March 20th, 2025
Dear Investors, As we move through 2025, we would like to take a moment to update you on the evolving...

Rumble Stripes – November 2024
Published on Tuesday, November 19th, 2024
Short-term swings, long-term wins Returns % 1M Abs 1Y Abs 3Y CAGR 5Y CAGR 10Y CAGR Nifty 50 -6.1% 28.4%...

Going Strong – October 2024
Published on Thursday, October 17th, 2024
Indian equities have been witnessing a secular uptick even as it faces a series of global and domestic challenges Indian...

Hot Engine – September 2024
Published on Thursday, October 17th, 2024
Valuations are rich, but India’s growth story justifies the premium Robust economic growth, outperforming most emerging markets. Political Stability Earning...

Shining Bright – August 2024
Published on Monday, August 19th, 2024
India’s GDP for FY24 surpasses the optimistic estimates made by both the government and private agencies India's real GDP grew...

India Wins – July 2024
Published on Thursday, July 18th, 2024
Fundamental tracker: macro indicators are positioned favorably Emerging markets are growing fast; India emerges stronger India is already the fastest-growing...

Subtle Strength – June 2024
Published on Thursday, June 20th, 2024
Indian Economy S&P revises India's outlook to positive Here’s Why S&P Revised India’s Outlook to Positive: Positive Economic Impact: India's...

Jittery Street - May 2024
Published on Sunday, May 19th, 2024
Projected 2024 world GDP growth: 3.2%, US growth: 2.7% The IMF has projected global GDP growth at 3.2% for the...

Momentum Sustains - April 2024
Published on Wednesday, April 17th, 2024
GDP Growth Estimates Surpass Expectations GDP growth for Q3FY24 is the highest growth witnessed in the last six quarters GDP...

Watch Out – March 2024
Published on Monday, March 18th, 2024
GDP Growth Estimates Surpass Expectations GDP growth for Q3FY24 is the highest growth witnessed in the last six quarters GDP...

Fast Lane - February 2024
Published on Monday, February 19th, 2024
A Closer Look at Valuation Concern Here's the rationale behind justifying the current market valuations Factors driving the market's premium...

Starting Strong - January 2024
Published on Wednesday, January 10th, 2024
Asset Class & Style Returns A merry conclusion to 2023 with strong performances across asset classes; growth style dominated in...

SIP SAHI HAI!
Published on Thursday, February 13th, 2025
Investing in equity markets requires patience, discipline, and a long-term vision. Systematic Investment Plans (SIPs) provide a structured way to...

First Rate Cut in Five Years; A Shift Towards Easi...
Published on Thursday, February 13th, 2025
The Reserve Bank of India (RBI) has reduced the policy repo rate by 25 basis points to 6.25%, marking the...

Union BUDGET FY 2025-26
Published on Saturday, February 1st, 2025
Key takeaways: The FY26 union budget focuses on accelerating growth, securing inclusive development, invigorating private sector investments, uplifting household sentiments,...

A Shift Towards Neutrality
Published on Thursday, October 10th, 2024
The Reserve Bank of India (RBI) maintains status quo on policy rates, marking the tenth consecutive pause. However, a significant...

Industry Pulse - Asset Management Companies
Published on Tuesday, September 3rd, 2024
Executive Summary The Indian asset management industry has undergone remarkable growth, establishing itself as a critical component of the financial...

Powell's Rate Cut Signal: Potential Impact on Indi...
Published on Monday, August 26th, 2024
The time has come for policy to adjust. The direction of travel is clear, and the timing and pace...

RBI MPC Update: Steady Start, Hawkish Finish
Published on Thursday, August 8th, 2024
RBI maintains status Quo. The Monetary Policy Committee (MPC) held the repo rate steady in its August meeting, marking the...

Union BUDGET FY 2024-25
Published on Monday, July 29th, 2024
A snapshot: government finances Adhering to the path of fiscal consolidation ParticularsFY22 (A)FY23 (A)FY24 (PA)FY25 (BE)% Change over FY24Gross Fiscal...

Budget Expectations for FY25
Published on Monday, July 15th, 2024
As the NDA government prepares to present its first full-year Union Budget following the 2024 elections, expectations are high for...

Hold On.
Published on Friday, April 5th, 2024
RBI Monetary Policy Committee Meeting Update Executive Summary Monetary Policy Committee Rates and stance maintained. No change. Focus remains on...

Investor Vs. Election
Published on Thursday, March 28th, 2024
Valuable Insights From The History Discipline investors emerged as the ultimate winner Consistent Market Performance: Regardless of election outcomes, the...

SEBI diktat on mid and smallcaps: MF positioning
Published on Friday, March 1st, 2024
Consistent, High Inflows Observed in Smallcap & Midcap Categories Since FY20 Source: Fisdom Research. Portfolio data as of January 2024....

Mutual Fund Industry FactBook – February’25
Published on Thursday, February 13th, 2025
Mutual fund industry AUM and SIP flows reach record highs In Rs Crores Jan-25 Jan-24...

Mutual Fund Industry FactBook – January'25
Published on Monday, January 13th, 2025
Mutual fund industry AUM and SIP flows reach record highs Mutual fund AUM for December 2024 is ₹66.93 lakh Cr,...

Mutual Fund Industry FactBook – December’24
Published on Tuesday, December 17th, 2024
Mutual fund industry AUM and SIP flows reach record highs Mutual fund AUM for November 2024 is ₹68.08 lakh Cr,...

Mutual Fund Industry FactBook – November’24
Published on Wednesday, November 13th, 2024
Mutual fund industry AUM and SIP flows reach record highs Mutual fund industry AUM and SIP flows reach record highs...

Mutual Fund Industry FactBook – April’24
Published on Tuesday, April 16th, 2024
Mutual Fund Industry AUM at All-Time High MF IndustryMar-24Mar-23ChangeIndustry AUM (in Crores)₹ 53,40,195₹ 39,42,03135.47%Equity Oriented AUM (in Crores)₹ 23,48,949₹ 15,17,08254.83%Fixed...

Mutual Fund Industry FactBook – March’24
Published on Wednesday, March 13th, 2024
Mutual fund Industry AUM at All-Time High MF IndustryFeb-24Feb-23ChangeIndustry AUM (in Crores)₹ 54,54,214₹ 39,46,25738.21%Equity Oriented AUM (in Crores)₹ 23,12,396₹ 15,25,01351.63%Fixed...

Mutual Fund Industry FactBook – January’24
Published on Friday, January 12th, 2024
Mutual Fund Industry Crosses The Historic – Rs 50 Trillion Mark Highlights: 2023 was an eventful year as the mutual...

Mutual Fund Industry FactBook – December’23
Published on Monday, December 11th, 2023
MF Industry At a Glance Highlights Nov-23 Nov-22 Change Industry AUM (in Crores) ₹ 49,04,992 ₹ 40,37,561 21.48% Equity...

Mutual Fund Industry FactBook – November’23
Published on Monday, November 13th, 2023
MF Industry At a Glance Highlights Oct-23 Oct-22 Change Industry AUM (in Crores) ₹ 46,71,688 ₹ 39,50,323 18.26% Equity...

Mutual Fund Industry FactBook – October’23
Published on Friday, October 13th, 2023
MF Industry At a Glance Source: AMFI, Fisdom Research. Mutual Fund Industry AUM To Bank Deposits MF AUM is now...

Mutual Fund Industry FactBook – September’23
Published on Thursday, September 14th, 2023
Mutual Fund Highlights Key HighlightsMutual Fund AUM at 46.6 Tn. Surges by 18.5% YoYEquity mutual funds have been pivotal in...

Mutual Fund Industry FactBook – August’23
Published on Saturday, August 12th, 2023
MF Industry Crosses Rs. 46 trillion mark Months AUM (In Tn.) Growth Trajectory Jul-2013 ₹ 8 -- Jul-2014 ₹ 10...

- Daily Reports
IndusInd Bank Falls, ITC Hotels Hits Record High, ...
Published on Friday, March 28th, 2025
Market Snapshot The first trading session of the April series witnessed high volatility, with benchmark indices ending lower. Auto and...

- Daily Reports
BEML Rallies on Expansion, Adani Energy Secures Po...
Published on Thursday, March 27th, 2025
Market Snapshot Bulls took charge on March 27, reversing early losses from concerns over US automotive tariffs, with Nifty 50...

- Daily Reports
BDL Secures ₹4,362 Cr Order, HAL Gets Tejas Engi...
Published on Wednesday, March 26th, 2025
Market Snapshot Indian benchmarks Nifty 50 and Sensex ended in deep red on March 26, snapping a seven-day winning streak...

- Daily Reports
Graphite India & HEG Surge, EaseMyTrip Slips, ...
Published on Tuesday, March 25th, 2025
Market Snapshot The market opened higher but failed to sustain early gains, yet extended its winning streak to the seventh...

- Daily Reports
Kotak Mahindra Bank jumps on management rejig, Poo...
Published on Monday, March 24th, 2025
Market Snapshot Benchmark indices Sensex and Nifty extended their winning streak for the sixth consecutive session on Monday. Both indices...

- Daily Reports
HCC, TVS Motor, and L&T Shine on Strong Deals ...
Published on Friday, March 21st, 2025
Market Snapshot Indian equity indices extended gains for the fifth consecutive session on March 21, with Nifty crossing 23,400 intraday...

- Daily Reports
Defense Stocks Surge, IndiGo Hits Record High, IT ...
Published on Thursday, March 20th, 2025
Market Snapshot Indian equity markets extended their winning streak for the fourth consecutive session on March 20, supported by positive...

- Daily Reports
NBCC's Property Sale, Bajaj Healthcare's Trial Nod...
Published on Wednesday, March 19th, 2025
Market Snapshot Indian equity indices extended gains for the second consecutive session. Nifty surged past 22,850 intraday, driven by broad-based...

- Daily Reports
Realty Stocks Rebound, Mobikwik Surges, and Banks ...
Published on Tuesday, March 18th, 2025
Market Snapshot Indian equity indices extended gains for the second consecutive session. Nifty surged past 22,850 intraday, driven by broad-based...

- Daily Reports
Metal Stocks Rally, Moody’s Warns on US Tariffs,...
Published on Monday, March 17th, 2025
Market Snapshot Benchmark indices started the week on a strong note, with the Nifty 50 rising 0.5% to close above...

- Daily Reports
Tata Motors Slips on Weak Sales, Oil Stocks Rally ...
Published on Thursday, March 13th, 2025
Market Snapshot Benchmark indices ended lower in a volatile session, with Nifty slipping below 22,400, despite positive industrial production and...

- Daily Reports
Capital Market Stocks Decline, Infosys Faces Downg...
Published on Wednesday, March 12th, 2025
Market Snapshot Benchmark indices Sensex and Nifty ended marginally lower in a volatile session, as gains in banking and auto...

Diwali Picks 2024
Published on Wednesday, October 23rd, 2024
This Diwali, we present a portfolio that reflect both sector-specific and stock-specific opportunities. With 2 solid mega-caps anchoring the portfolio...

IPO NOTE: AWFIS SPACE SOLUTIONS LIMITED
Published on Sunday, May 26th, 2024
Company Background Awfis offers a comprehensive range of flexible workspace solutions, catering to diverse needs ranging from individual flexible desk...

IPO NOTE – Go Digit General Insurance Limited
Published on Wednesday, May 15th, 2024
Company Background Established in 2016, Go Digit General Insurance Limited operates as a digital full-stack insurance provider, presenting a suite...

IPO NOTE - TBO TEK LIMITED
Published on Monday, May 13th, 2024
Company Background Established in 2006, TBO Tek Limited, formerly Tek Travels Private Limited, operates as a travel distribution platform catering...

IPO NOTE - AADHAR HOUSING FINANCE LIMITED
Published on Monday, May 13th, 2024
Company Background Aadhar Housing Finance Limited is a housing finance company focusing on the lower-income segment. Their deep impact branches...

IPO NOTE - INDEGENE LIMITED
Published on Tuesday, May 7th, 2024
Company Background Indegene started on October 16, 1998, and it helps companies in the life sciences industry, like biopharmaceutical and...

Vodafone Idea Limited - FPO Offer
Published on Wednesday, April 17th, 2024
Issue Period: 18th Apr 2024 – 22nd Apr 2024 Company Background Incorporated in March 1995, Vodafone Idea Limited is a...

FPO Note: Adani Enterprises Limited - The battle b...
Published on Friday, January 20th, 2023
News: Adani enterprises file for an Rs.20,000 crore follow-on public offer (FPO) Executive Summary: It is one of India’s largest...

Sectoral Trends & Patterns – February 2025
Published on Tuesday, February 4th, 2025
Sector Summary At Glance Index Name Pattern Formation Strategy View Realty Triangle support with a bullish harami. Bullish above 962,...

Sectoral Trends & Patterns – January 2025
Published on Friday, January 3rd, 2025
Sector Summary At Glance Index Name Pattern Formation Strategy View Realty Trend is bullish to sideways Buy-on-dips is advisable as...

Sectoral Trends & Patterns – December 2024
Published on Wednesday, December 4th, 2024
Realty: Shows a reversal pattern with a hammer candlestick Trend Formation The Nifty Realty Index traded within the previous month's...

Sectoral Trends & Patterns – November 2024
Published on Wednesday, November 13th, 2024
Sector Summary At Glance Index Name Pattern Formation Strategy Realty Bearish Trends Signal Profit Booking and Downside Potential Sell on...

Sectoral Trends & Patterns – October 2024
Published on Thursday, November 7th, 2024
Realty: A smaller degree trendline breakout occurred after six weeks of consolidation, indicating bullish formation Trend Formation The Nifty Realty...

Sectoral Trends & Patterns – September 2024
Published on Thursday, September 5th, 2024
Sectoral Technical Outlook (1/2) Index NameTrendPattern/FormationStrategyNIFTY Realty IndexBullishBearish candlestick on monthly chart, double bottom on RSIBuy on dips; support at...

Sectoral Trends & Patterns – August 2024
Published on Saturday, August 3rd, 2024
Sectoral Technical Outlook (1/2) Index NameTrendPattern/FormationStrategyRealtyRealty Index for the month of July closed flatIndex is moving in a downward patternBuying...

Sectoral Trends & Patterns – July 2024
Published on Monday, July 8th, 2024
Sectoral Technical Outlook (1/2) Index NameTrendPattern/FormationStrategyRealtyIndex has gained more than 2 percent gains for June 2024Indicating a lack of upward...

Sectoral Trends & Patterns - May 2024
Published on Saturday, May 4th, 2024
Sectoral Technical Outlook (1/2) Index NameTrendPattern/FormationStrategyRealtyIndex has gained more than 6 percent gains for April 2024Index formed a tall bullish...

Sectoral Trends & Patterns – April 2024
Published on Monday, April 1st, 2024
Sectoral Technical Outlook (1/2) Index NameTrendPattern/FormationStrategyRealtyThe index is in a pullback mode and prices are retesting their resistance levels on...

Sector Scan: Technical Edition
Published on Wednesday, March 20th, 2024
Realty Sector Top Five Nifty Realty Index Constituents The underlying stock has achieved outstanding returns over the past year. Stock...

Sectoral Trends & Patterns – March 2024
Published on Wednesday, March 6th, 2024
📈Sectoral Technical Outlook (1/2) Index NameTrendPattern/FormationStrategyRealtyIndex on the weekly time frame is trading in a higher high higher low formation...

Indian IT Sector Faces Uncertainty Amid Global Hea...
Published on Saturday, March 22nd, 2025
The Indian IT services sector, a $283 billion industry employing over five million professionals, has entered a phase of cautious...

Market Corrections: A Natural Part of Investing
Published on Saturday, March 15th, 2025
Recent market corrections have sent shockwaves through investors, particularly those who are new to the equity markets. However, such pullbacks...

Don’t Wait for the Dust to Settle
Published on Sunday, March 9th, 2025
Market corrections are unsettling, but for seasoned investors, they are not unfamiliar. The ongoing volatility, fueled by global trade uncertainties...

Navigating Market Volatility: Lessons for Small an...
Published on Saturday, March 1st, 2025
The recent volatility in Indian equity markets, particularly within the small and mid-cap segments, has once again drawn widespread attention....

Is This the Right Time to Enter the Markets?
Published on Saturday, February 22nd, 2025
The recent volatility in Indian markets has left investors grappling with deep portfolio cuts, triggering a wave of fear and...

Tariffs, Trade, & Tumult
Published on Saturday, February 15th, 2025
US President Donald Trump’s recent announcement of reciprocal tariffs has sent ripples across global trade markets, with India being one...

- Weekly Reports
RBI MPC Rate Cut: Implications for the Economy and...
Published on Saturday, February 8th, 2025
RBI MPC Rate Cut: Implications for the Economy and Fixed-Income Investors India’s economic trajectory towards the $5-trillion mark has faced...

Union Budget 2025-26: A Middle-Class Boost Amid Fi...
Published on Saturday, February 1st, 2025
Introduction Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 speech on February 1, placed a strong emphasis on the...

- Weekly Reports
Railway Sector Gains from Budget 2025: Stocks to W...
Published on Sunday, January 26th, 2025
The railway sector has been a key focus area for infrastructure development in India, with consistent capital expenditure (capex) allocations...

- Weekly Reports
AI, Deal Wins, and Discretionary Spending: Key Tak...
Published on Saturday, January 18th, 2025
The October-December quarter of FY25 (Q3FY25) presented a mixed performance for India’s leading IT companies—Infosys, Tata Consultancy Services (TCS), Wipro,...

Budget 2025: A Push for Infrastructure Growth Amid...
Published on Saturday, January 11th, 2025
As the Union Budget for FY 2025-26 approaches, all eyes are on the central government’s strategy to stimulate economic growth,...

Equity and Debt: What's in Store for 2025?
Published on Saturday, January 4th, 2025
The year 2024 brought mixed fortunes for investors. While India's benchmark stock indices soared approximately 8%, uncertainties loom as earnings...

- Weekly Reports
Weekly Stock Pick 24th March 2025
Published on Sunday, March 23rd, 2025
SHYAMMETL LTP 867.7 Counter SHYAMMETL LTP 867.7 Call Buy-On-Dip Target 1 970 Target 2 1000 Stop Loss 770 (Closing Basis)...

- Daily Reports
Weekly Pick 17th March 2025
Published on Saturday, March 15th, 2025
KOTAKBANK LTP 1984.8 Counter KOTAKBANK LTP 1984.8 Call Buy-On-Dip Target 1 2125 Target 2 2180 Stop Loss 1850 (Closing Basis)...

- Weekly Reports
Weekly Pick 10th March 2025
Published on Sunday, March 9th, 2025
CHAMBLFERT LTP 571.75 Counter CHAMBLFERT LTP 571.75 Call Buy-On-Dip Target 1 624 Target 2 640 Stop Loss 520 (Closing Basis)...

- Weekly Reports
Weekly Picks 03rd March 2025
Published on Sunday, March 2nd, 2025
1.INDIGO FUT LTP 4484 Counter INDIGO LTP 4484 Call Buy-On-Dip toward support of 4400 & 4200 Target 1 4750 Target...

- Weekly Reports
Weekly Pick 24th February 2025
Published on Saturday, February 22nd, 2025
SRF LTP 2778 Counter SRF LTP 2778 Call Buy on dips Target 1 3010 Target 2 3080 Stop Loss 2550 (Closing...

- Weekly Reports
Weekly Pick 17th February 2025
Published on Saturday, February 15th, 2025
SHREECEM LTP 28,495.85 Counter SHREECEM LTP 28,495.85 Call Buy on dips Target 1 30500 Target 2 31000 Stop Loss 26700 (Closing...

- Weekly Reports
Weekly Pick 10th February 2025
Published on Saturday, February 8th, 2025
1. GODFRYPHLP LTP 5485.8 Counter GODFRYPHLP LTP 5485.8 Call Buy on dips Target 1 6150 Target 2 6400 Stop Loss 4800...

- Weekly Reports
Weekly Stock Pick 27th January 2025
Published on Sunday, January 26th, 2025
ZENSARTECH LTP 831.7 Counter ZENSARTECH LTP 831.7 Call Buy on dips Target 1 925 Target 2 960 Stop Loss 740 (Closing...

- Weekly Reports
Weekly Pick 20th January 2025
Published on Saturday, January 18th, 2025
Biocon LTP 393.7 Counter Biocon LTP 393.7 Call Buy on dips Target 1 432 Target 2 445 Stop Loss 356 (Closing...

- Weekly Reports
Weekly Pick 13th January 2025
Published on Saturday, January 11th, 2025
1. Marico LTP 673.9 Counter Marico LTP 673.9 Call Buy on dips Target 1 718 Target 2 732 Stop Loss 630...

- Weekly Reports
Weekly Pick 06th Jan 2025
Published on Sunday, January 5th, 2025
1. BLUESTAR LTP 2,337 Counter BLUESTAR LTP 2,337 Call Buy on dips Target 1 2,574 Target 2 2,675 Stop Loss 2,100...

- Weekly Reports
Weekly Pick 30th December, 2024
Published on Saturday, December 28th, 2024
1. CAMPUS LTP 315.8 Counter CAMPUS LTP 315.8 Call Buy on dips Target 1 348 Target 2 360 Stop Loss 284...
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