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Unimech Aerospace shares soared during their debut on December 31, listing at ₹1,491 on the BSE—a stunning 90% above their issue price of ₹785 per share. The NSE wasn’t far behind, with the stock opening at ₹1,460, translating to an 86% premium. While grey market chatter had hinted at a strong opening, Unimech managed to exceed even those lofty expectations. By mid-morning, the stock settled slightly lower at ₹1,400 on the BSE, marking a 78% gain in a market weighed down by broader weakness. This performance reflects significant investor enthusiasm following the ₹500-crore IPO, which was open from December 23 to 26 and heavily oversubscribed at 175.31 times. The company, an engineering solutions provider specializing in aerospace and defense components, impressed with its growth potential and robust business model. Its IPO was a mix of fresh issues and an offer for sale, both valued at ₹250 crore each. The fresh capital is set to fund expansion through new machinery, bolster working capital, and support its subsidiary’s growth while also trimming debt.

Rail Vikas Nigam Ltd (RVNL) shares were buzzing on Tuesday, rallying up to 7.5% in intraday trade after the company bagged hefty orders worth ₹540 crore from Central Railway and East Coast Railway.  Opening at ₹414.50 on the BSE—just above Monday’s close of ₹409.10—the stock climbed to a high of ₹439.90 during the session. The excitement stems from RVNL’s announcement as the lowest bidder (L1) for two significant projects. The first one – Koraput-Singapur Road Doubling Project. This East Coast Railway project involves major bridge construction and related works between Tikiri and Bhalumaska. The ₹404.4 crore project is set for completion in 30 months. The second – Bhusaval-Khandwa Traction System  For Central Railway. RVNL will handle the design and commissioning of a 132/55 KV traction substation and related infrastructure. This ₹137 crore project will be executed in 24 months.

2024 has been a bruising year for India on the foreign investment front. Foreign Portfolio Investment (FPI) inflows collapsed by a staggering 99%—from ₹1.71 lakh crore in 2023 to a meager ₹2,026 crores, according to NSDL data. It’s a wake-up call for Asia’s third-largest economy, underscoring the challenges in keeping global investors interested. The U.S. economy, flexing its “exceptionalism,” pulled much of the world’s capital. Higher interest rates, booming markets, and resilient economic data made U.S. bonds, equities, and money markets irresistibly attractive. That money had to come from somewhere, and emerging markets, including India, took the hit. On India’s side, valuations didn’t help. Elevated price-to-earnings ratios, a sky-high market cap-to-GDP ratio, and slowing GDP growth turned off investors looking for value. Throw in weaker industrial output and lackluster corporate earnings, and India became an increasingly tough sell. The Reserve Bank of India tightened liquidity and introduced stricter rules on unsecured lending, dragging down banks and non-bank financial institutions—a sector FPIs traditionally favor. Despite this, FPIs showed selective confidence, sticking with India’s primary markets and long-term opportunities. On the bright side, domestic investors stepped up, cushioning the blow and preventing the markets from spiraling out of control.

Amid a sluggish market, Surya Roshni lit up the trading floor with a stellar 10% intraday rally on December 31, riding high on excitement surrounding its first-ever 1:1 bonus issue. The buzz was palpable as investors scrambled to secure shares ahead of the record date on January 1, 2025. For every share held, investors will receive one bonus share—doubling the total share count but keeping individual ownership percentages intact. This move aims to improve liquidity and make the stock more appealing, a strategic milestone for the company. The bonus shares are set to hit investor accounts by January 2 and will trade on exchanges starting January 3. Surya Roshni has been rewarding its shareholders consistently, dishing out ₹7.50 per share in dividends this year and completing a 1:2 stock split back in October. However, despite these shareholder-friendly moves, 2024 has been a rollercoaster for the stock. Currently trading at ₹616.80 after today’s rally, the stock is still 27% off its 52-week high of ₹841.50 but has climbed 32% from its March low of ₹467.15.

The Indian rupee wrapped up 2024 in disappointing fashion, closing at a record low of 85.6150 against the U.S. dollar on Tuesday. This marks its sixth consecutive session of losses and a 2.8% drop for the year—a grim seventh straight year of annual declines. Weakness wasn’t exclusive to the rupee, as most Asian currencies struggled. The offshore Chinese yuan tumbled 0.6% to 7.35, its lowest in over a year, following tepid factory activity data from China. The broader backdrop wasn’t much better, with a slightly softer dollar index at 107.9 and U.S. bond yields inching down during Asian trading hours. Despite the broader regional context, the rupee’s persistent slump underscores concerns about its trajectory in 2025. Investors are grappling with the potential for continued losses as global and domestic factors exert pressure. While the closing days of 2024 brought no surprises, they left a sour taste, setting the stage for what could be another challenging year ahead for the currency.

Easy Trip Planners ended the year on a shaky note as its shares took a steep dive on Tuesday, December 31. Opening nearly 7% lower at ₹15.76, the stock tumbled to a day’s low of ₹15.36 before managing to claw back some losses and close 6.92% down at ₹15.87. The final trading day of 2024 was anything but smooth for the online travel platform. The trigger? Reports emerged that co-founder and promoter Nishant Pitti plans to sell off his remaining 14.21% stake via a block deal estimated at a hefty ₹780 crore. Big names like Citadel Capital Fund, Elite Capital Fund, and Eminence Global Fund are reportedly gearing up to participate in the transaction. This potential shake-up has left the market uneasy, prompting the sharp sell-off. Technically, the stock faces significant resistance in the ₹16–₹16.5 zone, according to analysts.  ₹14.85 could serve as strong support, with the stock likely to consolidate within this range for the next few sessions. A clear break above ₹16.5, however, could inject some fresh buying momentum, offering a glimmer of hope for bullish traders.

JSW Energy stock soared nearly 8% after announcing its move to acquire a 100% stake in O2 Power Midco Holdings, O2 Energy SG, and their subsidiaries. The stock opened at ₹650.20 on Monday, cruising more than 5% above its previous close of ₹625.05, and shot up to ₹673.05 during the day. This surge came hot on the heels of the Friday evening announcement: JSW Neo Energy, a fully owned arm of JSW Energy, is set to purchase the renewable energy platform for ₹12,468 crore. This acquisition aligns perfectly with JSW Energy’s renewable energy ambitions, helping it to further its goal of reaching 20 GW of renewable capacity by 2030. Analysts are bullish on this move. ICICI Securities is particularly upbeat, with a ‘buy’ rating on JSW Energy, emphasizing the strategic value of this acquisition. On top of all this, investor sentiment has been further bolstered by solid credit ratings. India Ratings and ICRA both reaffirmed stable ‘AA’ ratings for JSW Energy’s debt, providing extra assurance to shareholders. This deal is a game-changer for JSW Energy, propelling it even closer to its renewable energy goals.

Ventive Hospitality shares started strong on December 30, listing at an 11.7% premium on the BSE at ₹718.15, surpassing the issue price of ₹643. The stock quickly climbed to ₹732 on both the BSE and NSE before stabilizing around ₹717.85 and ₹716.45, respectively, by mid-morning trading. The stock’s performance aligned with grey market predictions, where it commanded a ₹68 premium, suggesting an 11% listing gain. Ventive Hospitality made a strong debut with its IPO, which ran from December 20 to December 24, successfully raising ₹1,600 crore. The company issued 2.49 crore fresh shares as part of the offering. With strong ties to global brands such as Marriott and Hilton, the company has positioned itself as a premium player in the hospitality sector. However, analysts note potential vulnerabilities. Akriti Mehrotra of StoxBox highlighted the firm’s dependence on third-party operators for 78% of its keys, which could pose reputational risks. Despite this, she emphasized Ventive’s robust financial performance, including a 44% revenue CAGR and stable cash flows from annuity assets comprising 41% of its revenue.

Refex Renewables & Infrastructure announced on Monday that its subsidiary, Refex Sustainability Solutions Ltd, has acquired a 51% stake in Vyzag Bio-Energy Fuel. The deal, completed on December 30, 2024, positions Vyzag Bio as a subsidiary of RSSL and a step-down subsidiary of Refex Renewables. The acquisition involves RSSL purchasing a 51.03% equity stake through a combination of shares bought from existing promoters and fresh equity infusion. This strategic move aligns with Refex’s commitment to sustainable energy solutions. Vyzag Bio operates a Compressed Bio-Gas (CBG) plant that processes segregated municipal waste to produce biogas. The facility boasts a production capacity of 850 kilograms of CBG daily, marking a notable contribution to India’s green fuel initiatives. The total acquisition cost, including share purchase and fresh capital infusion, stands at approximately ₹2.90 crore, as per a prior company filing. This development underscores Refex Renewables’ focus on diversifying its renewable energy portfolio while promoting sustainable waste management and clean energy production.