SME SECTOR
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25%
Are you looking at the Nifty to figure out whether to be bullish or bearish? If yes, cast your eye back to the day last year when the big correction started. Did all stocks start falling only after September 26, 2024, the day the indices peaked? No. Several stocks across segments began declining much before that day. The lesson: Focus on companies where the broader picture of growth is intact. And let the Nifty do what it is doing. Focus on the management, a key driver of earnings. Also, because GST rationalisation will likely impact earnings in a positive way, it is probably a good time to keep scepticism aside, but with conditions.
ET Make in India SME Regional Summit, Kolkata, showcases Bengal’s tech-tradition blend amid labour and tariff hurdles
The ET Make in India SME Regional Summit is a nationwide series of on-ground events aimed at bringing together local MSMEs, policymakers, enablers, and key industry stakeholders.
Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via deal
While the company did not disclose the deal size, sources pegged it at around $200 million, with all the existing investors of Axio making an exit and the founders continuing to run the show.
Silent and long-term winners of GST rationalisation: 17 stocks from different sectors which fit the bill
In the last few days, a simple trade has been taking place on the street. The government cuts the GST rate on a product, price falls, and households should buy more of it. So, stocks from FMCG and some other sectors have done well. But India’s experience over the last two decades tells a subtler story: Because a family saves on tax in one corner of its consumption basket, it doesn’t mean it will spend more in that same corner. Just to put this in perspective: If one is saving money on buying a soap, that saving will not go into buying additional soap. It might go into buying anything else. What is that something else? It may even be a product that has not seen any GST cut. The fact is that there are many stocks that are silent and long-term winners of the GST rate rationalisation.
Abril Paper Tech shares list at 20% below issue price
Abril Paper Tech shares debuted on the BSE SME at Rs 48.80. The IPO was subscribed 11.20 times, driven by retail investors. The company plans to use the IPO proceeds for capital expenditure and working capital. Abril Paper Tech manufactures sublimation heat transfer paper. The company's revenue rose 142% to Rs 60.91 crore.
GST rate cut on raw materials offers lifeline to struggling fertilizer manufacturers
The reduction in GST rates on key fertilizer raw materials like sulphuric acid and ammonia to 5% has relieved the industry, according to SFIA. This move addresses a long-standing tax disparity where inputs were taxed at 18% while finished fertilizers were at 5%, easing liquidity pressures and benefiting MSMEs.
- Go To Page 1
Think beyond the market’s GST rationalisation theme: 5 large-cap stocks from different sectors with an upside potential of up to 26%
There are short term themes which play in the market and then there are some stories which are long-term and structural in nature. So, if you are looking to invest from a perspective of more than the medium term, which is surely more than two years or so, ensure that, while you allocate some money to the theme of the street, you put a large part of the money in stocks where the operating matrix is such that the runaway of growth is much bigger and larger.
Sharvaya Metals IPO opens for bidding; GMP at 11%. Check issue size, price band, and other key details
Sharvaya Metals launched its IPO today, aiming to raise Rs 58.80 crores through a mix of fresh issue and offer for sale. The IPO, priced between Rs 192 and Rs 196 per share, closes on September 9 and will be listed on BSE SME. Funds will be used for working capital, new plant and machinery, and civil construction.
Big GST Reset: FMCG, cars, electronics to see immediate demand push, says Keki Mistry
The GST reset, initiated by Prime Minister Modi, aims to stimulate domestic consumption through rationalized rates and relief measures for households and businesses. Keki Mistry highlights its potential multiplier effect on the economy, particularly benefiting SMEs and the real estate sector.
Austere Systems IPO opens today with 8% GMP. Check issue size, price band and other details
Austere Systems, an IT company, launches its IPO on Wednesday. The IPO aims to raise Rs 15.57 crore. It has already generated significant interest in the grey market. The IPO will remain open until September 8. Allotment is expected the following day. Listing on the BSE SME platform is tentatively scheduled for September 11.
Kolkata to host the ET Make in India SME Regional Summit on September 4
The ET SME summit serves as a platform providing networking opportunities to local small businesses and industry leaders.
Goel Construction IPO opens today with 20% GMP. Key details to know before subscribing
Goel Construction's IPO will open on September 2. The IPO aims to raise Rs 99.77 crore. The price band is set at Rs 249-262 per share. The company will list on the BSE SME platform on September 10. The IPO includes a fresh issue and an offer for sale. Proceeds will fund equipment purchases and debt repayment.
GST meeting, expiry shift and auto sales data among 11 factors that’ll steer D-Street this week
Indian benchmark indices closed the holiday-shortened week 1.8% lower amid US tariff worries. On Friday, Nifty declined 0.3%, ending at 24,426.85. The new derivatives series began on a muted note, with the market in a corrective phase and Nifty approaching a key support zone of 24,250–24,350, while banking stocks near critical technical support.
From overheating to caution, SME IPO valuations are normalising: Swyom Advisors’ Agarwal
India’s SME IPO boom has delivered stellar returns in recent years, but signs of overheating are now giving way to correction and caution.
India’s financial sector profits set to double by 2030; UBS sees NBFCs outpacing banks
India’s financial-services sector is set for robust expansion, with profits projected to nearly double by FY30. UBS sees NBFCs leading growth, driven by retail credit, wealth management, payments, and insurance, while banks lag amid margin pressures and weak corporate lending.
Anlon Healthcare IPO subscribed 3.8 times on Day 3 so far; GMP at 5%. Check details
Anlon Healthcare’s Rs 121 crore IPO drew robust demand, subscribed 3.8 times by Day 3, with retail investors leading at 25.85 times. Despite a modest 5% grey market premium, analysts back the issue for its strong product pipeline, global presence, and long-term growth prospects.
India's small businesses scramble to cushion blow from Trump's 50% tariffs
Indian small businesses are facing challenges due to increased tariffs on exports to the United States. They are actively exploring alternative markets in Europe, Africa, and Asia to mitigate the impact. Many firms expedited shipments before the tariff hike. The government is urging exporters to diversify their markets.
Snehaa Organics IPO opens for subscription. Check GMP, price band and other details
Snehaa Organics, specializing in solvent recovery, launched its IPO today. The company aims to raise Rs 32.68 crore through a fresh issue of shares. The IPO subscription is open until September 2. The IPO price is between Rs 115 and Rs 122 per share. The company plans to list on NSE SME platform on September 5.
ARC Insulation shares list at 16% premium over IPO price on NSE SME platform
ARC Insulation and Insulators shares began trading at Rs 145 on NSE SME. The IPO saw strong demand, subscribed 18.71 times. Proceeds will fund expansion and debt repayment. The company specializes in GFRP products for various sectors. ARC Insulation has shown consistent growth with rising revenue and profit. Performance will depend on sustaining financial growth.
Abril Paper Tech IPO opens for subscription today. GMP among key details to know
Abril Paper Tech is launching its IPO soon. The IPO aims to raise Rs 13.42 crore. Subscription will begin on Friday and close on Tuesday. The company plans to list on the BSE SME platform in September. Proceeds will fund capital expenditure and working capital. The company manufactures sublimation heat transfer paper.
40 IPOs hit Dalal Street in August; Tata Capital stands out in upcoming list
August 2025 marked one of the busiest months for India’s primary market, with 40 IPOs across mainboard and SME platforms. While debuts like Aditya Infotech and Highway Infrastructure soared, others such as Laxmi India Finance struggled. Experts see momentum continuing, with upcoming IPOs from Tata Capital, Zepto, PhonePe, HeroFinCorp, and FabIndia, driven by strong liquidity and investor appetite.
Economic Times celebrates innovation, launches inaugural ET AI Awards
With India’s startups, SMEs, and large enterprises anticipated to lead in AI Adoption, the Economic Times is proud to announce the launch of ET AI Awards. Stay tuned for updates.
LGT Business Connextions shares to list today. Check GMP ahead of debut
LGT Business Connextions Ltd. is set to debut on the BSE SME platform on Tuesday, August 26, with expectations of a flat listing as its grey market premium remains at the issue price of Rs 107. The IPO, which closed on August 21 and was subscribed 1.25 times, aims to utilize the Rs 28.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 27%
At this point of time, both the bulls and bears are pretty much even, though the bias is toward the bulls. The thing that will tilt the balance in favour of the bears is the implementation of the additional 25% tariff on Indian exports to the US on August 27. But we are assuming that better sense will prevail; and, even if they are implemented, we would soon see an India-US trade treaty that would reverse the tariff. If that happens, the bullish sentiment will get a boost and the tilt will first be toward large-cap stocks. Especially where the quality of the balance sheet is strong and there is little need for further debt for the business.
Adani Ports unveils 70-acre logistics park in Kochi worth Rs 600 cr
Adani Ports is investing Rs 600 crore to develop a 70-acre logistics park in Kochi, Kerala. This project, under the Invest in Kerala initiative, aims to transform the state into a major logistics and industrial hub. The development signifies a crucial advancement in strengthening Kerala's infrastructure and economic capabilities.
IPO Calendar: Another busy week for IPOs as 10 companies to raise nearly Rs 1,200 crore
The Indian primary market is set for a busy week with 10 companies launching IPOs, aiming to raise over Rs 1,190 crore. Vikran Engineering's Rs 772 crore IPO, opening August 26, leads the pack, followed by Anlon Healthcare's Rs 121 crore issue. Several SME IPOs, including Globtier Infotech and NIS Management, are also scheduled.
Seven sigma: For genuine economic sovereignty, India must fix these structural bottlenecks in manufacturing
India's ambition to become a global manufacturing hub is hindered by structural issues, including a lack of skilled labor, small firm sizes, inflexible labor laws, and inadequate infrastructure. The country's R&D spending is low, and quality control measures are weak. Addressing these bottlenecks is crucial for achieving precision manufacturing and economic sovereignty.
GDP growth likely to be lower at 6.3 pc against RBI's estimate of 6.5 pc in FY26: SBI Report
SBI Research Report projects India's economic growth at 6.3 percent, lower than RBI's 6.5 percent. First quarter GDP is estimated around 6.8-7 percent. Growth of 6.3-6.8 percent is expected in 2025-26. Banks' credit growth slowed. SME credit increased. US tariffs may affect export-oriented sectors. Public capital expenditure is a persistent driver. The report highlights concerns about muted private capex.
ARC Insulation & Insulators IPO opens for subscription today; GMP at 17%
ARC Insulation IPO aims to raise Rs 41.19 crore. It includes a fresh issue and an offer for sale. The IPO closes on Monday. Grey market premium suggests potential listing gains. The company specializes in glass fiber reinforced polymer products. Revenue and profit have shown strong growth.
Load More
