Two big funds bet on a new chapter for Bajaj Consumer

Market pulse

From the investor's mind

For decades, India’s defence narrative revolved around licensed production, import substitution, and domestic assembly. Now, the focus is shifting to intellectual property ownership rather than just manufacturing capabilities, according to Ishmohit Arora of SOIC. This marks a structural shift from merely producing defence equipment to indigenously developing and owning the underlying technology. Arora's point highlights a move towards greater self-reliance and technological sovereignty in the Indian defence sector.

Word in the street

DEE Development Engineers Limited

With its stock price climbing over 120 percent in the last year, Dee Development Engineers has captured attention as a key player in India's industrial capital expenditure boom. The company is the country's largest in specialized process piping systems, serving high-growth sectors like power and oil and gas. A recent preferential share issue stirred discussion about its balance sheet. While some saw the move as a way to clear debt, the capital was primarily for short-term working capital needs to support a growing order book. The real debate now is how effectively this fresh capital will be deployed to secure future expansion.

Yesterday's big moves

“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Warren Buffett