Axis Mutual Fund Announces Income Distribution for Select Funds

Axis Mutual Fund has announced income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for several of its funds. The record date for this distribution is set as January 17, 2025. Here’s a breakdown of the schemes and their respective distribution amounts per unit:

Details of IDCW Announced

Scheme Direct-IDCW (₹/unit) Regular-IDCW (₹/unit)
Axis Bluechip Fund 1.36 0.96
Axis ELSS Tax Saver Fund 4.57 2.15
Axis Focused Fund 2.91 1.64
Axis Growth Opportunities Fund 1.90 1.50
Axis Midcap Fund 4.72 3.59
Axis Small Cap Fund 4.69 4.03

Important Dates and Notes

The record date for this income distribution is January 17, 2025. Investors holding units under the IDCW option of these schemes as of this date will be eligible for the declared payout.

Understanding the IDCW Option

The IDCW option allows mutual fund investors to receive a portion of the income generated by the fund. The payout varies based on the scheme and the investor’s chosen category, i.e., direct or regular.

This announcement provides eligible investors with an opportunity to benefit from the income distribution across various Axis Mutual Fund schemes. Investors should ensure they check their holdings and eligibility before the record date to avoid missing out on this distribution.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing

Azad Engineering Share Gains on Winning Order From GE Vernova

Azad Engineering Limited, established in 1983 and headquartered in Hyderabad, India, is a distinguished manufacturer renowned for its expertise in precision-engineered components catering to the aerospace, defence, energy, and oil & gas industries.

Signed Agreement with GE Vernova 

In a significant development, Azad Engineering has secured a prestigious long-term supply agreement with GE Vernova International LLC, USA. Under this contract, the company will supply highly engineered, intricate rotating and stationary airfoils for advanced gas turbine engines, addressing the global demand in the power generation sector.

This phase of the agreement, valued at an impressive ₹960 crore, represents a monumental stride in fortifying Azad Engineering’s enduring strategic partnership with GE Vernova International LLC, USA. The order, set to be executed over six years, further underscores the company’s commitment to delivering unparalleled quality and precision.

Azad Engineering Q2 FY25 Results

Azad Engineering reported robust financial performance in Q3FY25 with total revenue surging 34% YoY to ₹111 crore from ₹82 crore in Q3FY24. EBITDA grew by 34% YoY to ₹39.8 crore, with the margin expanding by 200 basis points to 35.7%. Net profit showed a steady 7% YoY increase to ₹20.8 crore. 

As of Q2FY25, the company’s order book stood at ₹4,200 crore, including clients like Mitsubishi Heavy Industries and Honeywell Aerospace. In November 2024, Azad Engineering secured a contract worth ₹340 crore from Arabelle Solutions France, boosting its total order book to ₹5,500 crore after a recent win from GE Vernova.

Share Price Performance 

At 2:19 PM today, shares of Azad Engineering Ltd. were trading at ₹1,681.60 each on the NSE. The stock price is up by 10% today, with the highest traded price reaching ₹1,733.15.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Alembic Pharmaceuticals Secures USFDA Final Approval for Brexpiprazole Tablets

Alembic Pharmaceuticals Limited, founded in 1907, stands as a premier, research-driven pharmaceutical company headquartered in India and publicly listed. Renowned for its expertise in branded generics, Alembic excels in the production and global distribution of high-quality generic medicines. Its state-of-the-art research and manufacturing facilities are endorsed by leading regulatory authorities, including the US Food and Drug Administration (USFDA).

Final Approval from the USFDA

Alembic Pharmaceuticals has announced that it has secured Final Approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Brexpiprazole Tablets in strengths of 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg, and 4 mg.

This approved ANDA is deemed therapeutically equivalent to the reference listed drug (RLD), Rexulti Tablets, manufactured by Otsuka Pharmaceutical Company, Ltd. Brexpiprazole is a sophisticated atypical antipsychotic used as an adjunctive therapy alongside antidepressants for managing major depressive disorder (MDD) in adults. It is also indicated for the treatment of schizophrenia in adults and adolescents aged 13 years and above.

Q2 FY25 Results

Alembic Pharmaceuticals reported a 12% YoY rise in Q2 FY25 net profit to ₹153 crore, driven by strong domestic and US sales, with revenues up 3% to ₹1,648 crore. Domestic formulations grew 6% to ₹609 crore, while the US generics segment rose 6% to ₹467 crore, aided by new launches. 

International formulations outside the US saw an 18% growth to ₹298 crore, while the animal health division grew 20% to ₹118 crore. However, API revenues declined 15% to ₹274 crore due to pricing pressures, and EBITDA margins slipped to 15.6%. The company expects upcoming US launches to bolster future growth.

Share Price Performance 

At 1:50 PM today, Alembic Pharmaceuticals Ltd. shares traded at ₹999.50 per share on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Challenges in India’s Manufacturing Sector Due to Chinese Export Restrictions

India’s manufacturing sector, particularly industries reliant on Chinese imports such as electronics, solar panels and electric vehicles (EVs), is facing considerable challenges. Chinese authorities have significantly reduced exports of critical equipment necessary for production, a move believed to be aimed at hindering the growth of global companies in India such as Foxconn, BYD, and Lenovo. This has disrupted the manufacturing landscape, leading to production delays and increased operational costs.

Impact on Key Industries: Electronics, Solar Panels, and EVs

The electronics and EV manufacturing sectors, including major players like Foxconn, are experiencing setbacks due to the advanced machinery and components shortage. The solar panel industry, which was already struggling with supply chain issues is now facing even greater obstacles. Industry experts claim that China’s halting of capital equipment exports has impeded efforts to expand manufacturing capacity, stalling production and escalating costs for companies reliant on Chinese imports.

Escalating Global Trade Tensions

China’s actions have intensified global trade tensions, particularly with the US and European Union. The restrictions are seen as a retaliatory measure in response to changing global trade dynamics. US President-elect Donald Trump, on November 30, announced plans to impose substantial tariffs on Chinese imports, further exacerbating the situation. At the same time, the European Union has imposed tariffs of up to 35.3% on Chinese electric vehicles, further deepening the trade divide between China and its global trading partners.

Conclusion

The disruption in global supply chains caused by China’s export restrictions is severely impacting India’s manufacturing sector, especially in high-demand industries like electronics, solar panels, and electric vehicles. These challenges are compounded by escalating global trade tensions, reflecting a broader shift in international relations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

NPCI Subsidiary Partners With UAE Fintech Firm to Enable UPI

NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI), has partnered with UAE-based fintech firm Magnati to enable Unified Payments Interface (UPI) transactions for Indian tourists. This collaboration aims to streamline QR-based UPI merchant payments across the UAE, marking a significant advancement in cross-border digital payment systems.

UPI Integration in the UAE

The partnership with Magnati will facilitate UPI acceptance at point-of-sale (POS) terminals, starting with Dubai Duty-Free. This initiative is set to benefit over 12 million Indians visiting the UAE annually. UPI, which processed over 16 billion transactions in December 2024 alone, is already operational in seven countries, including Bhutan, Mauritius, Nepal, Singapore, Sri Lanka, and France. Supported by apps like BHIM, Paytm, PhonePe, and Google Pay, UPI enables seamless international transactions for Indian users.

Expanding UPI’s Global Reach

Beyond UAE integration, NIPL is actively working to replicate UPI’s domestic success globally. Efforts include the development of a card scheme similar to RuPay and expanding international use cases such as peer-to-peer (P2P) and peer-to-merchant (P2M) transactions. Collaborative initiatives like Project Nexus, spearheaded by the BIS Innovation Hub, aim to connect instant payment systems in India, Malaysia, the Philippines, Singapore, and Thailand.

Conclusion

The collaboration between NIPL and Magnati signifies a milestone in making UPI a globally accepted payment system. With its increasing reach, UPI is poised to enhance payment experiences for Indians abroad and strengthen economic ties between nations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

India’s Trade Performance in December 2024: A Glimpse into Exports, Imports, and Deficit Dynamics

India’s goods exports recorded a marginal 1% contraction year-on-year in December, reaching just over $38 billion. In contrast, imports rose by 4.9% to nearly $60 billion, narrowing the merchandise trade deficit to $21.9 billion—a sharp decline from November’s record deficit of $31.8 billion. This moderation reflects positive shifts in certain trade parameters, despite underlying challenges.

Gold Imports: Sequential Drop but Yearly Surge

Gold imports saw a sequential decline, dropping from November’s adjusted tally of $9.9 billion to $4.7 billion in December. However, this marked a significant 55.4% year-on-year rise compared to December 2023, indicating strong demand for the yellow metal. The November figure was initially feared to have spiked to $14.9 billion but was corrected by the Centre after identifying a $5 billion double count.

Resilience Amidst Challenges: Quarterly Trends in Exports

Commerce Secretary Sunil Barthwal emphasised the resilience of India’s exports, highlighting that shipment values have grown in each quarter of the 2024 financial year. December’s export figure of $38 billion was only the third time in the financial year that monthly exports reached this level, showcasing consistency in trade performance.

Petroleum Trade: Declining Prices Impact Export Values

Petroleum imports increased modestly by 2.2% in December to $15.3 billion, but petroleum product exports plunged 28.6%, recording just $4.9 billion. Over the April–December 2024 period, petroleum exports declined by 20.84% to a little over $49 billion, while imports rose 6.4% to $138.31 billion. The primary factor behind these figures is a 20% decline in global petroleum prices, which affected export values significantly.

Non-petroleum exports, however, have been consistently rising, with December’s non-petroleum exports up 5.05% year-on-year, and a 7.05% increase noted during the April–December period.

Year-to-Date Trade Statistics

From April to December 2024, India’s goods exports grew 1.6% year-on-year to $321.7 billion, while imports rose 5.15% to $532.5 billion. The cumulative trade deficit for this period stands at $210.8 billion, an 11.1% increase from the previous year. On a year-on-year basis, December’s trade deficit grew 17%, reflecting a mixed performance across sectors.

Call for Budgetary Support

The Federation of Indian Exporters Organisation (FIEO) has urged the government to address critical issues in the upcoming Union Budget 2025. Key recommendations include:

  • Boosting manufacturing and labour-intensive sectors.
  • Resolving trade finance challenges, particularly for micro, small, and medium enterprises (MSMEs).
  • Continuation of schemes like the Interest Equalisation Scheme.
  • Addressing GST-related export hurdles.

FIEO President Ashwani Kumar also highlighted opportunities arising from potential tariff wars by the incoming U.S. administration, stressing the need for a focused export strategy targeting key markets like the U.S.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The Rise of Silver ETFs: Gaining a Spot in Smart Investor’s Portfolio

Silver has long been recognised as one of the most versatile metals, with applications ranging from industrial use to investment purposes. With over ₹14,000 crore already invested in Silver ETFs by Indian investors, these exchange-traded funds have emerged as a modern, efficient alternative to physical silver ownership. Combining affordability, security, and convenience, Silver ETFs provide an innovative way to diversify portfolios without the traditional challenges of owning physical silver.

Rise in Folios and Surge in Average AUM of Silver ETF

The silver ETFs have witnessed remarkable growth in both investor participation and asset accumulation between December 2023 and December 2024. Folios surged by an impressive 308.28%, climbing from 1,52,259 in December 2023 to 6,21,639 by the end of 2024. Similarly, the average assets under management (AAUM) saw a massive increase of 313.65%, rising from ₹3,012.60 crore in December 2023 to ₹12,461.67 crore in December 2024. This substantial growth highlights the increasing appeal of silver ETFs among investors. 

Month Folios of Silver ETF Average AUM of Silver ETF ₹ in Cr
Dec-23 1,52,259 3,012.60
Jan-24 1,89,756 3,278.34
Dec-24 6,21,639 12,461.67

Silver ETFs Performance in 2024

Of the total silver ETFs available in the market, HDFC Silver ETFs stood out with the highest return of 22.02% in 2024. Nippon India Silver ETF followed closely, delivering a return of 20.33% during the same timeframe. Meanwhile, UTI Silver ETF recorded the lowest return, approximately 18.46%, for the year.

What Are Silver ETFs?

Silver Exchange-Traded Funds (ETFs) allow investors to gain exposure to silver’s value without the need to physically own or store the metal. These ETFs are listed on stock exchanges and traded similarly to shares, making them accessible and easy to manage for anyone with a demat account.

Investing in physical silver often entails concerns such as storage, theft, and insurance costs. Silver ETFs address these challenges effectively. Backed by 99.9% high-purity silver, these funds provide safety and transparency. The underlying silver is securely stored with SEBI-regulated custodians, ensuring investors’ peace of mind.

The Unique Role of Silver as an Asset

Silver plays a dual role in the economy:

  • Precious Metal: Like gold, silver is a store of value and acts as a hedge against inflation and economic uncertainty.
  • Industrial Commodity: Approximately 60% of silver’s global demand comes from industries like electronics, renewable energy, and automotive manufacturing.

India’s silver imports reached approximately 8,000 tonnes in 2024, reflecting robust industrial and investment demand. The increasing focus on clean energy and technological advancements continues to drive industrial demand, which surged by 11% in 2023 and another 9% in 2024, totalling nearly 711 million ounces.

This unique combination of investment and industrial appeal makes silver a highly versatile asset in an investment portfolio.

Why Silver ETFs Appeal to Indian Investors?

Silver ETFs offer several advantages:

  1. Convenience: They eliminate the logistical challenges of owning and storing physical silver.
  2. Transparency: The funds are backed by physical silver and stored securely by SEBI-regulated custodians.
  3. Affordability: Investors can purchase Silver ETFs in small quantities, making them accessible to a broader audience.

For Indian investors, Silver ETFs serve as an efficient tool to participate in the growing demand for silver, driven by both domestic consumption and global trends in the technology and energy sectors.

Diversification Benefits of Silver ETFs

Diversification is a cornerstone of prudent investing, and Silver ETFs provide an excellent means to achieve it. By adding silver to a portfolio of equities, debt instruments, or gold, investors can reduce overall risk and enhance stability.

  • Low Correlation with Stock Indices: Silver’s price movements often differ from those of the equity markets, providing a stabilising effect during market volatility.
  • Hedge Against Inflation: In inflationary periods, silver tends to retain its value, preserving the purchasing power of your portfolio.
  • Long-Term Potential: The industrial growth of silver, especially in sectors like renewable energy and electronics, offers long-term investment appeal.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Refex Green Mobility to Acquire 2,997 EVs from Gensol in ₹315 Crore Deal

In a groundbreaking development, Gensol Engineering Limited and Refex Green Mobility Limited have joined forces in a strategic partnership. This agreement involves the transfer of 2,997 electric four-wheelers (e4Ws) and marks a major milestone in promoting sustainable transportation solutions across key Indian cities.

The share price of Gensol has surged by 4.80% as of 11:35 AM on 16 January 2025.

Key Highlights of the Partnership

  • Deal Overview: Refex Green Mobility will assume Gensol’s existing loan facility amounting to nearly ₹315 crores.
  • Operational Focus: This partnership will enhance the deployment of e4Ws in key markets such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune.
  • Future Prospects: Refex plans to lease the acquired vehicles to Blu-Smart Mobility Limited, ensuring seamless operations in Delhi NCR and Bengaluru.

Leadership Statements

  • Anil Jain, Managing Director, Refex Industries Limited:
    Jain expressed pride in partnering with Gensol, reaffirming Refex’s commitment to scaling electric mobility. He highlighted Refex eVeelz’s existing fleet of over 1,000 electric cars and its mission to accelerate India’s transition to cleaner transportation solutions.
  • Anmol Singh Jaggi, Managing Director, Gensol Engineering Limited:
    Jaggi stated that this collaboration allows Gensol to streamline its balance sheet while ensuring the vehicles contribute to the shared vision of sustainable mobility.

Strategic and Regulatory Framework

The tie-up involves several crucial steps:

  1. Loan Transfer: Refex Green Mobility will take over the term loans previously availed by Gensol for procuring the vehicles.
  2. Vehicle Re-registration: Compliance with regulatory requirements will be ensured.
  3. Long-term Leasing: A lease agreement with Blu-Smart Mobility will facilitate continued utilisation of the vehicles.

Both companies have pledged to meet all regulatory and operational requirements to ensure a smooth transition.

About the Companies

  • Gensol Engineering Limited:
    Established in 2012, Gensol is a leading player in solar EPC services and EV manufacturing. The company has a strong presence in renewable energy and offers EV leasing solutions for government entities, private corporations, and public sector units.
  • Refex Green Mobility Limited (Refex eVeelz):
    A subsidiary of Refex Industries Limited, Refex eVeelz is at the forefront of electric mobility solutions in India, with a proven track record of deploying sustainable transport options.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Garuda Construction Secures ₹1,087 Crore Order at Gorakhpur

Garuda Construction and Engineering Limited (GARUDA), a prominent player in the specialised EPC (Engineering, Procurement, and Construction) sector, has announced its largest project to date. The company has secured a prestigious order worth ₹1,087.34 crore from the Gorakhpur Development Authority, a significant milestone in its growth trajectory.

As of 10:30 am on January 16, 2025, the share price of Garuda surged over 6% following this development, marking an intraday high of ₹136.07 on the NSE

Details of the Project

The project entails the development of a state-of-the-art International Convention Centre in Gorakhpur, Uttar Pradesh. Spanning 24 lakh square feet, the centre will feature a seating capacity of 5,000, with adjacent land parcels earmarked for commercial and residential development. Strategically located near Ramgadh Jheel Champadevi Park, the project is expected to be completed within 30 months.

Doubling the Order Book

This order has effectively doubled Garuda’s order book to ₹2,830 crore, up from ₹1,408.27 crore at the time of its IPO in October 2024. The company’s robust growth is a testament to its expanding market presence across diverse infrastructure segments.

Diverse Expertise

Garuda has established itself as a trusted partner in critical infrastructure development, offering solutions across various sectors. Its portfolio includes sustainable hydro projects, premium residential developments, urban infrastructure, hospitality projects, and renewable energy initiatives. Recent successes include contracts in road construction, urban development, and industrial estates, underscoring its technical excellence and reliability in delivering large-scale projects.

Key Comments from Leadership

Pravin Kumar Agarwal, Managing Director and Chairman of Garuda Construction, expressed pride in the company’s contribution to India’s infrastructure growth. He stated:
“Our diverse project portfolio highlights our ability to adapt to market demands while maintaining a strong focus on innovation, sustainability, and operational efficiency.”

Noteworthy Ongoing Projects

Some of the company’s notable ongoing projects include:

  • Raptinagar Township & Sports City Development: A ₹704.61 crore project.
  • Mumbai Premium Residential Projects: Developments in Lower Parel and BKC.
  • Bangalore Hospitality Expansion: A boutique hotel project showcasing the company’s foray into hospitality.

About Garuda Construction and Engineering Limited

Garuda Construction is a reputed name in India’s construction industry, specialising in turnkey EPC solutions. With expertise in residential, commercial, and infrastructure projects, the company is committed to sustainable and innovative practices, making it a reliable partner in nation-building.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Paint Industry Faces a Tough Brush: Asian Paints Hits 52-Week Low

The Indian paint industry, known for its resilience, has faced significant headwinds recently. Leading players like Asian Paints, Indigo Paints, Berger Paints, and Shalimar Paints have seen a sharp decline in their share prices, with Asian Paints and Indigo Paints share prices reaching 52-week lows recently. The ongoing challenges stem from subdued demand, heightened competition, and rising raw material costs.

Stock Performance in CY2024 and Early CY2025

  • Asian Paints: The stock experienced a steep decline, tumbling nearly 33% in 2024, a record fall in a single calendar year. From its September 2024 high, the share price is down 34%.
  • Indigo Paints: Shares fell 6% in CY2024 and an additional 12.45% in CY2025 as of mid-January.
  • Berger Paints and Shalimar Paints: These stocks witnessed a decline of 25.82% and 29.15%, respectively, in 2024.

Challenges Impacting the Sector

Several factors have contributed to the industry’s current predicament:

  1. Muted Demand: The rural market slowdown, along with extended rains and floods, led to subdued sales volumes.
  2. Competitive Pressures: New entrants have intensified competition, resulting in increased capital expenditure, dealer expansion, and higher advertising costs.
  3. Rising Input Costs: Higher raw material prices have strained profit margins.

Asian Paints, in its quarterly report, highlighted a 5.5% decline in overall domestic coatings revenue for Q2FY25. Margins were further impacted by price reductions, increased material costs, and elevated sales expenses.

Anticipated Recovery

Despite these challenges, industry players remain optimistic about future growth as per news reports. Asian Paints’ management expects margins to improve, driven by:

  • Softening Material Costs: Expected in the upcoming quarters.
  • Price Adjustments: Price hikes implemented in July-August 2024.
  • Demand Rebound: Improved urbanisation and infrastructure projects are anticipated to aid recovery.

Sector Outlook and Growth Drivers

While the growth rate of established players moderated to mid-single digits in FY24, revenue in H2FY25 is expected to rebound on a YoY basis. The sector is projected to grow at a rate of 8-10% in FY26, albeit with slightly lower operating margins (~14%) compared to the historical average of 18%.

Key Growth Drivers Include:

  • Increasing urbanisation and rising disposable income.
  • Shorter repainting cycles and demand recovery in rural and semi-urban areas.
  • Affordable housing initiatives and large-scale infrastructure projects.
  • Rising demand from the automobile sector.

Competitive Landscape and Future Strategies

The entry of new players has intensified competition, pushing existing companies to expand their dealer networks, invest in tinting machines, and explore product innovation. Additionally, enhanced branding and strategic expansion into new categories are likely to shape future growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.