DATE2 Jul
NIFTY 24,176 0.71%BANK NIFTY 58,032 0.00%NIFTY IT 26,965 4.64%NIFTY PHARMA 25,309 0.50%ZENSARTECH 467 9.69%MAPMYINDIA 914 8.10%EXIDEIND 419 7.43%SONACOMS 662 6.93%TATATECH 712 6.30%APOLLOTYRE 457 5.78%PERSISTENT 4,581 5.78%FORCEMOT 19,367 5.70%INFY 1,041 5.64%MPHASIS 2,245 5.58%NIFTY 24,176 0.71%BANK NIFTY 58,032 0.00%NIFTY IT 26,965 4.64%NIFTY PHARMA 25,309 0.50%ZENSARTECH 467 9.69%MAPMYINDIA 914 8.10%EXIDEIND 419 7.43%SONACOMS 662 6.93%TATATECH 712 6.30%APOLLOTYRE 457 5.78%PERSISTENT 4,581 5.78%FORCEMOT 19,367 5.70%INFY 1,041 5.64%MPHASIS 2,245 5.58%
Morning brief · Friday, 3 July 2026

Kela's new power play: A ₹40 crore bet on Genus

Market pulse
A runaway rally in technology stocks powered Indian markets to a strong close, even as the banking index remained noticeably flat. While the Nifty IT index surged over 4.6 percent, individual stories like Zensar Technologies, Mapmyindia, and Exide Industries also captured investor attention with gains between seven and ten percent.
From the investor's mind
One post worth your time, explained
Aditya Kondawar
@aditya_kondawar · on X
The Tata Sierra EV utilizes two distinct battery packs from different suppliers. Its 63 kWh battery pack is sourced from Gotion, a Chinese supplier with whom Tata Autocomp has a joint venture in India. Volkswagen is also a significant investor in Gotion. The larger 75 kWh battery pack for the Tata Sierra EV is supplied by a US-based company. According to Aditya Kondawar, this diversification in battery suppliers is a notable fact about the vehicle.
Word in the street
What the wider market is buzzing about
Ideaforge technologies
Few things capture the market’s imagination like the blend of high technology and geopolitics, and this week, all eyes were on Ideaforge Technologies. The company is at the center of a narrative that a state visit could elevate an existing corporate drone partnership into a full-blown joint development between India and Japan. Speculation is that the two nations may agree to co-develop autonomous VTOL drones for base security, a move seen as part of a broader regional deterrence strategy. While the potential for a government-to-government deal is significant, it remains just that, potential. For investors, the debate now centers on whether this geopolitical tailwind will translate from summit handshakes into tangible, long-term contracts for the drone maker.
Yesterday's big moves
AWL Agri Business Limited
AWL Agri Business LimitedNew Position
184Past year 28%M.cap ₹23,700 Cr
ICICI Prudential Mutual Fund
S. Naren-led ICICI Prudential Mutual Fund has made a significant contrarian bet on the edible oil sector, scooping up 1.3 crore shares of AWL Agri Business Limited for ₹234.13 crore. The purchase, executed at ₹180.10 per share, signals confidence from India's second-largest AMC in the leading edible oil and food products manufacturer. AWL Agri Business, with its dominant "Fortune" brand, commands an 18.3% market share in India's branded edible oil market, and this move aligns with Naren's known strategy of identifying value in essential consumption plays.
Genus Power Infrastructures Limited
Genus Power Infrastructures LimitedNew Position
313Past year 13%M.cap ₹9,721 Cr
Madhusudan Kela
Veteran investor Madhusudan Kela has picked up 1,379,310 shares of Genus Power Infrastructures worth ₹40.00 crore in a block deal on June 30, 2026, at a price of ₹290.00 per share. Kela, known for his high-conviction, long-term multi-sector bets, is deploying his capital into a company that is a prominent leader in India's smart metering solutions sector. Genus Power, part of the Kailash Group, manufactures electrical metering equipment and provides turnkey services for power distribution, a sector critical to India's infrastructure development. The company has demonstrated strong financial growth with a 5-year sales CAGR of 51.0% and profit CAGR of 53.0%. Shares of Genus Power Infrastructures fell as much as 11.4% to ₹282.10 apiece on the NSE in early trade on Tuesday, June 30, after reports of a large block deal in the counter.
Atal Realtech Limited
Atal Realtech LimitedNew Position
28Past year 44%M.cap ₹351 Cr
Niraj Rajnikant Shah
Veteran smallcap trader Niraj Rajnikant Shah has made a fresh entry into Atal Realtech, purchasing 18 lakh shares for ₹5.11 crore in a bulk deal at ₹28.40 per share. Shah, known for his active trading in lightly traded small and SME cap stocks, often takes short-term positions. Atal Realtech, a civil construction and real estate development company with a market cap of ₹351 crore, has seen its stock jump 67% over the last five years, indicating its potential in India's growing infrastructure sector. Shah's interest in the Nashik-based company, which specialises in government contracting and real estate development, aligns with his strategy of targeting companies with growth potential in specific sectors.
NINtec Systems Limited
NINtec Systems LimitedIncreased
866Past year 86%M.cap ₹1,499 Cr
Niraj Chhaganraj Gemawat
Niraj Chhaganraj Gemawat, a promoter of NINtec Systems, has increased his stake in the tech services firm, acquiring 5,500 shares via open market purchase. This transaction, executed on June 25, 2026, boosts his holding from 18.38% to 18.40%. The move signals continued confidence from the promoter group in the ₹1,499 Cr market cap company, which boasts a 5-year CAGR of 149% and strong ROCE of 67.1%.
Ambar Protein Industries Limited
Ambar Protein Industries LimitedIncreased
M.cap ₹103 Cr
Pradeep Kumar Chunilal Khetani
Promoter Pradeep Kumar Chunilal Khetani has increased his stake in Ambar Protein Industries, buying 18,187 shares through open market transactions on June 29th and 30th. This purchase, worth approximately ₹33.5 lakh (calculated at ₹184.25 per share), boosts his holding from 12.83% to 13.14% in the edible oil manufacturer. Increased promoter holding often signals confidence in the company's future prospects.
Emotional investment is a sure way to make a loss in the stock market.
Rakesh Jhunjhunwala
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Kela's new power play: A ₹40 crore bet on Genus · WhaleWatch