Latest news with #Oswal
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Business Standard
18 hours ago
- Business
- Business Standard
Betting on disruption, reforms: Decoding Motilal Oswal's new thematic fund
The Indian equity market is a bit like life—full of surprises. Some companies ride the wave of disruption, some transform through policy changes, while others emerge stronger from temporary setbacks. What if you had a fund that was designed to spot these 'inflection points' and ride the wave early? Motilal Oswal Mutual Fund has launched a new thematic offering—the Motilal Oswal Special Opportunities Fund—that aims to do just that. This open-ended equity scheme opens for subscription on July 25, 2025, and closes on August 8, 2025. What is a "Special Situation"? Special situations are events that can impact a company's value drastically—think mergers, acquisitions, regulatory reforms, temporary setbacks, or even structural industry shifts. The fund's strategy is to capitalize on these transitional phases by identifying fundamentally strong businesses that are navigating change. Some examples include: Companies benefiting from PLI schemes or infrastructure reforms Firms facing temporary headwinds due to macro changes or industry shakeups Businesses restructuring due to M&A or demergers Upcoming IPO-bound firms or new-age sectors These are often the kinds of opportunities missed by traditional funds due to timing or perceived risk. What's the Fund's Strategy? The fund will use Motilal Oswal's proven QGLP framework: Quality of business Growth potential Longevity in operations Price that makes sense It's designed to be a high-conviction, focused portfolio, managed by a team of seasoned experts including Ajay Khandelwal and Atul Mehra for equities, and Rakesh Shetty for debt. This is not a fund that spreads itself thin. It will be selective, making bold bets where the fund managers see transformative potential. The fund seeks to benefit from company specific (events/ developments), sectoral, or macroeconomic events such as corporate actions, regulatory or policy changes, mergers and acquisitions, or temporary disruptions. The fund is suitable for investors seeking to invest predominantly in equities and equity related instruments following a special situations theme and aiming for Capital appreciation over long term. Who Should Consider This? This fund is not for the faint-hearted. It is meant for: Long-term investors with a 5-year+ horizon Those who believe in thematic investing Investors comfortable with concentration risks and volatility Someone looking to diversify away from traditional blue-chip or index-heavy funds It's important to remember that thematic funds can underperform during market phases where their specific theme is out of favor. Benchmark & Structure Benchmark: Nifty 500 TRI (Total Return Index), giving it a broad comparison base Structure: Open-ended equity scheme Post-NFO listing: August 21, 2025 Unlike diversified funds, this one follows a special situations theme, meaning your returns will be heavily dependent on how these niche bets play out. Investment Objective: The primary objective of the scheme is to achieve long term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, mergers & acquisitions, government policy and/or regulatory changes, disruption, upcoming and new trends, new & emerging sectors, companies/sectors going through temporary unique challenges and other similar instances. However, there is no assurance that the investment objective of the scheme will be achieved. "Manufacturing, services, FDIs, and exports are expected to grow significantly, supported by structural reforms like PLI, RERA, and Atmanirbhar Bharat. We believe that corporate actions and macro shifts may continue to create special opportunities capable of disrupting markets. The fund will follow a blend of bottom-up stock picking and top-down analysis to identify companies navigating such transformative phases. This may span sectors like chemicals, EMS, infrastructure, defence, hospitality, healthcare, and IPO-bound firms. As growth-oriented managers, our aim is to align with India's evolving economic landscape and seek long term capital appreciation," said Ajay Khandelwal, Fund Manager at MOAMC. This fund could make sense as a satellite allocation—a smaller part of your portfolio intended to deliver alpha or capture a specific trend. But don't confuse it with a core holding that provides stability and steady returns. If you: Already have a diversified portfolio Are looking to spice it up with a high-conviction idea Can handle cycles of underperformance …then this fund could be worth considering. However, do consult your financial advisor to evaluate if this aligns with your risk profile and goals. The Fund will be managed by Ajay Khandelwal (Fund Manager – Equity component), Atul Mehra (Fund Manager – Equity component), Bhalchandra Shinde (Associate Fund Manager – Equity Component), Rakesh Shetty (Fund Manager - Debt Component), and Sunil Sawant (Fund Manager - Overseas Securities). "The Motilal Oswal Special Opportunities Fund is intended for investors seeking to benefit from evolving market dynamics driven by special situations such as policy reforms, corporate actions, and structural shifts across sectors. Leveraging our research-led QGLP investment framework, the fund seeks to build a focused portfolio of companies navigating such transitions, with an emphasis on long-term capital appreciation," said Prateek Agrawal, Managing Director ('MD') and Chief Executive Officer ('CEO') at Motilal Oswal Asset Management Company Ltd (MOAMC).
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Business Standard
11-07-2025
- Business
- Business Standard
Oswal Pumps shares fall 5% as Q4 profit declines 21% QoQ; details here
Oswal Pumps share price: Shares of water pumps manufacturer Oswal Pumps dropped as much as 6.8 per cent to hit an intraday low of ₹685.55 per share on Friday, July 11, 2025. At 12 PM, Oswal Pumps stock was trading 4.8 per cent lower at ₹700.45. In comparison, NSE Nifty50 was trading 0.79 per cent lower at 25,153.55 levels. The company's market capitalisation stood at ₹7,983.55 crore. The company made its debut on the bourses on June 20, 2025. So far, the stock has surged around 16 per cent from its listing price of ₹634 per share on the NSE. Why did Oswal Pumps share price drop? Oswal Pumps shares declined today following a disappointing sequential performance in the March quarter (Q4FY25). This is the first quarterly results the company has reported post-listing on the stock exchanges. Oswal Pumps reported a 20.5 per cent quarter-on-quarter (Q-o-Q) drop in net profit, which fell to ₹63.9 crore in Q4FY25 from ₹80.4 crore in the previous quarter (Q3FY25). However, on a yearly basis, net profit increased by over 123.5 per cent from ₹28.6 crore reported in the March quarter of the previous financial year (Q4FY24). The company's total income fell 3.9 per cent Q-o-Q to ₹365.6 crore, and grew 58.4 per cent on a yearly basis. Oswal Pumps reported earnings before interest, tax, depreciation and amortisation (Ebitda) of ₹99.8 crore, down 16.2 per cent from ₹119.1 crore in the previous quarter. Its Ebitda margins slipped from 31.3 per cent in Q3FY25 to 27.3 per cent in Q4FY25. About Oswal Pumps Incorporated in July 2003, New Delhi-based Oswal Pumps is a vertically integrated solar pump manufacturer. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, as well as solar modules, which they sell under the 'Oswal' brand. Oswal Pumps operates two manufacturing plants in Karnal, Haryana. One facility is dedicated to the production of pumps and motors, while the other is dedicated to manufacturing solar modules.
Economic Times
09-07-2025
- Business
- Economic Times
IT stocks hit decade-high 3.2% dividend yield as FIIs flee. Should you buy TCS, Infosys, Wipro before Q1 results?
Indian IT stocks are trading at a decade-high 3.2% dividend yield amid a sharp drop in FII holdings, setting up a possible contrarian bet ahead of Q1 results. With TCS, Infosys, HCL Tech, and Wipro offering strong yields, analysts are watching for signs of earnings stability and a sentiment turnaround. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Brokerages Pick Their Favorite IT Stocks Tired of too many ads? Remove Ads Earnings Season Could Provide Catalyst Indian IT stocks are trading at a decade-high dividend yield of 3.2%, while foreign institutional investor (FII) holdings have crashed to 13-year lows, setting up a potential contrarian opportunity just as Q1 earnings season begins with TCS announcing results on July Nifty IT index has crashed over 10% in 2025, with TCS leading the carnage at a brutal 17% loss. HCL Tech Infosys , and Wipro have all posted double-digit declines as US economic worries and AI disruption fears hammer the dramatic reversal in investor sentiment has left largecap IT stocks trading at yields not seen since the Covid period, with individual names like TCS offering a 3.7% dividend yield, higher than its five-year peak of 3.6%. Other IT giants like Infosys (3.2%), HCL Tech (3.7%), Wipro (3.4%) and Tech Mahindra have also turned dividend darlings."The IT services sector is trading at the highest dividend yield in the last decade (outside the Covid period) and some stocks have started looking very attractive to us," BNP Paribas noted, adding that this offers "downside protection to valuation."FII holding of IT services is near a 13-year low, while DII ownership has also fallen sharply recently. Historically, such low ownership has been a catalyst for the sector's outperformance, said Kumar Rakesh of BNP Paribas, who sees the current positioning as reflecting "excessively bearish investor sentiment."Analysts are showing clear preferences as the earnings season approaches. BNP Paribas added Infosys to their top large-cap picks alongside TCS, while also liking HCL Tech. The firm downgraded LTIMindtree to Neutral after the recent run-up and remains cautious on Tech Mahindra and Mphasis, seeing "significant underperformance risk in Wipro."HSBC continues to prefer Infosys in large-tier stocks and favours "turnaround plays like LTIMindtree & Tech Mahindra. Hexaware and Mphasis are our other preferred names in mid-cap IT."Kotak Equities has listed Infosys, Tech Mahindra, Hexaware, Coforge and Indegene as key picks while expecting TCS, Wipro and ERD names to face cuts in EPS after Oswal's top picks in the largecap space remain HCL Tech and Tech Mahindra. 'We could turn constructive on Infosys if commentary/guidance meaningfully improves and deal wins pick up."Nomura's Abhishek Bhandari has named Infosys, Coforge and eClerx as top mid-caps, Coforge emerges as the standout favourite across multiple brokerages. Nomura expects 7% quarter-on-quarter constant currency revenue growth for the stock, while Motilal Oswal calls it their "top pick" and also likes "LTIMindtree in an improving environment."BNP Paribas has kept Persistent Systems as its preferred midcap pick, while Kotak sees Coforge leading the growth, followed by Persistent, Hexaware and shift marks a fundamental change in how investors view the sector. "IT stocks (especially top-tier IT companies) are no longer five-year buy-and-hold compounding stocks; they now require a lot more active management around their cycles/volatility," HSBC analysts warned, noting that "the long-term stock return trajectory gradient will not only be lower than in the past, but stocks will also be a lot more cyclical."The timing appears crucial as Q1 results begin rolling out this week. HSBC expects large companies to report "flat to slightly positive growth (0-1% q-o-q in cc terms)" which would be "better than feared post the Liberation Day and may herald the bottoming of an earnings downward cycle."Cross-currency tailwinds are providing additional support. "A weak dollar against a basket of currencies will lead to 100-200bp of QoQ cross-currency tailwinds, aiding estimates," noted Motilal Oswal analysts, while Nomura raised USD revenue growth outlook by 50-240bp across their coverage universe to factor in these currency analysts acknowledge ongoing challenges including tariff uncertainty and weak discretionary spending, they see signs of stabilization. "While this environment is not conducive to discretionary spending, we expect client enthusiasm to pick up, as serious GenAI projects, especially around productivity gains, start picking up," Motilal Oswal analysts setup for a potential turnaround includes "a US fed rate cut cycle on the horizon, a seasonally strong 1HFY26, and improving deal win rates, especially for a few mid-tier firms," with valuations described as "palatable: not cheap, but there is room to expand if earnings and outlook spring a surprise."As Q1 results unfold this week, the combination of attractive dividend yields, historically low foreign ownership, and potential for earnings stabilization could provide the catalyst Indian IT stocks need to break out of their recent malaise.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Indian Express
01-07-2025
- Indian Express
Little or zero recovery: Why money lost in a digital scam falls down a black hole
A 78-year-old IAF veteran who is a flying instructor with Boeing in Gurugram; a 64-year-old former Deputy Nursing Superintendent in Delhi; a 62-year-old publishing professional in Noida; and an 82-year-old industrialist in Ludhiana. Among all the victims of digital arrest tracked down by The Indian Express, only one has been able to recover more than 75 per cent of the stolen money. Most of the other victims ended up losing a major part of their savings with little hope in sight of even a 10 per cent recovery. Behind this, an investigation by this newspaper reveals, is a combination of time-critical factors that make the digital trail hard to re-trace. Consider: There is one high-profile case, though, which shows how quick action and a bit of luck can play a key role in recovering stolen money. In November 2024, S P Oswal, textile industrialist and chairman of Vardhman Group, transferred Rs 7 crore in all from his ICICI and HDFC bank accounts in Ludhiana before reporting the digital arrest to police. So far, the 82-year-old has recovered a total of Rs 5.27 crore from two SBI accounts in Malda, West Bengal (Rs 1.53 crore) and Guwahati, Assam (Rs 3.74 crore). Jatinder Singh, Punjab Police's Investigating Officer (IO) in the case, told The Indian Express that they were able to make quick recoveries due to the intervention of Indian Cyber Crime Coordination Centre (I4C), the Union Home Ministry's cyber fraud unit, which has a network of nodal officers in major banks. What also proved crucial in this case, the police said, was that the addresses of mule-account holders in the first layer of transfers turned out to be genuine. 'After two days of being under video surveillance, I spoke about the bank transfers to my finance officer. He realised I had been cheated and we went to the police,' Oswal said. 'Within five hours of the case being reported, the suspect accounts were frozen,' said Singh, the IO. 'We were lucky because the addresses of the mule account-holders were genuine. Two persons have been arrested. We found that Rs 9.5 crore had been moved through the SBI Guwahati branch in just 10 days, including Rs 4 crore of Mr Oswal,' he said. 'Will we get our money back?' The other victims, meanwhile, are still grappling with a key question: 'Will we ever get our money back?' The answer, for all those The Indian Express spoke to, is mired in sheafs of court papers, countless calls to officials hampered by a laborious redressal mechanism and an endless wait in queue under what they say is a 'first come first serve' policy of refund. In one case, all that the victim has been able to recover so far is Rs 20. Consider this set of illustrative cases and the reason why recovery got stalled in each: Unlike the Oswal case, Yadav's money was withdrawn from the Jeevika account within hours of deposit. 'The police informed the bank only the following day by which time the money had been splintered. Also, no steps were taken to freeze any account in the next layer of transfers,' Yadav said. Yadav has filed a case against HDFC Bank for allegedly not honoring the court's recovery order but this has been challenged by the bank saying there were other victims in queue for the same money. He has also received at least seven notices from police in Bihar, Karnataka, TN and Andhra asking him to visit and prove his credentials since his money was moved to accounts in these states, too. In this case, the RTGS payments made after 12 hours of digital arrest from her IDBI Bank account to an HDFC Bank account were frozen immediately. But she lost Rs 58 lakh deposited via RTGS to an SBI account in Bahraich, UP. This amount was quickly splintered by scamsters to suspected mule accounts, including an Axis Bank branch in Tripura (Rs 4 lakh) and Royal Bank of London in Delhi (Rs 10 lakh). Over 20 such victims have now formed a WhatsApp group to share updates on recovery, arrests, legal developments and other cases. The group's membership profile shows that the amounts stolen range from Rs 20 lakh to over Rs 10 crore. And the victims hail from a cross-section of society, including a retired bureaucrat, a retired Army General, a scientist and a doctor. All of them had high savings, and many were senior citizens, some with children settled abroad. Experts say this is a typically susceptible target group for digital arrest scamsters who, according to a Union Home Ministry advisory last year, obtain family and banking details through social media accounts, particularly on Facebook, and messaging apps like Telegram. RBI guidelines state that if customers report a fraudulent transaction within three working days, they would face no liability. But cyber experts and officials say that banks 'bypass this' by pointing to the victims' own admission of voluntary transfer. In this context, several victims raised another question — about capital gains tax being charged since the 'assets' were 'willingly transferred' by them, even if on the instructions of scamsters. 'The banks say the profits made by transfer of the fixed deposits and mutual funds will be taxed but the fact is that the transfers were made under stress and coercion,' said Major General N K Dhir (retd). He was trapped in digital arrest last August and transferred Rs 2 crore from his HDFC account in Noida to an SBI Account in Mumbai's Andheri from where police found the money moved to 35 other accounts across the country. He has recovered only Rs 2 lakh, so far. 'I have been consulting my chartered accountant but it is not clear how victims of cyber fraud will escape tax liability. I may have to pay a tax of approximately Rs 15 lakh after being duped of all my life's savings. The Government must do something about victims like us being exempted from paying tax on the money we have lost and not yet recovered,' he said. Ritu Sarin is Executive Editor (News and Investigations) at The Indian Express group. Her areas of specialisation include internal security, money laundering and corruption. Sarin is one of India's most renowned reporters and has a career in journalism of over four decades. She is a member of the International Consortium of Investigative Journalists (ICIJ) since 1999 and since early 2023, a member of its Board of Directors. She has also been a founder member of the ICIJ Network Committee (INC). She has, to begin with, alone, and later led teams which have worked on ICIJ's Offshore Leaks, Swiss Leaks, the Pulitzer Prize winning Panama Papers, Paradise Papers, Implant Files, Fincen Files, Pandora Papers, the Uber Files and Deforestation Inc. She has conducted investigative journalism workshops and addressed investigative journalism conferences with a specialisation on collaborative journalism in several countries. ... Read More
News18
30-06-2025
- Automotive
- News18
Billionaire Motilal Oswal Ditches Foreign Car Brand Over Tata Safari Dark Edition, Here's Why
Last Updated: In the photo, it can be seen that the Oswal went for the black paint scheme, and it looks like a range-topping model. A popular name in the financial services sector, Motilal Oswal, the owner of Motilal Oswal Financial Services Limited (MSOL), is best known for his business mind and super dreamy garage. The billionaire who could take any car in the world chooses the Tata Harrier Black Edition. The move left a lot of internet users wondering why he added Harrier to his super-expensive garage over any foreign brand. He answered the question through a post on X, formerly known as Twitter. Take a look at post here In my pursuit of minimalistic and simple living, I have turned Desi now. Stopped buying foreign cars, watches and other luxuries. World class Indian products are available now. Started with my Tata Safari, next would be Mahindra. #Vocal for local @RNTata2000 @TataMotors … — Motilal Oswal (@MrMotilalOswal) January 29, 2024 While sharing the photo of his newly purchased Harrier, he wrote, " In my pursuit of minimalistic and simple living, I have turned Desi now. Stopped buying foreign cars, watches and other luxuries. World-class Indian products are available now. Started with my Tata Safari, next would be Mahindra." Price Range In the photo, it can be seen that the Oswal went for the black paint scheme, and it looks like a range-topping model. It starts at Rs 15 lakh, while the top model goes up to Rs 26.50 Lakh (all ex-showroom). The on-road price varies by trim and can fall between Rs 18.07 lakh to Rs 31.38 lakh. It comes with a robust 2.0-litre Kryotec turbocharged diesel engine that generates a maximum power of 170 PS at 3750 rpm and 350 Nm of peak torque between 1750-2500 rpm. The unit is paired with 6-speed manual and 6-speed automatic (torque converter) transmissions. First Published: June 30, 2025, 10:26 IST
