WEEK13 Jul
NIFTY 24,334 0.53%BANK NIFTY 58,521 0.82%NIFTY IT 29,227 4.34%NIFTY PHARMA 25,645 0.11%ECLERX 1,980 22.08%KALYANKJIL 574 20.63%PATANJALI 338 18.39%PFOCUS 289 12.77%HSCL 742 12.28%ICICIGI 1,612 11.72%AIIL 571 11.09%ZEEL 107 10.19%ABB 7,506 9.80%TCS 2,269 9.67%NIFTY 24,334 0.53%BANK NIFTY 58,521 0.82%NIFTY IT 29,227 4.34%NIFTY PHARMA 25,645 0.11%ECLERX 1,980 22.08%KALYANKJIL 574 20.63%PATANJALI 338 18.39%PFOCUS 289 12.77%HSCL 742 12.28%ICICIGI 1,612 11.72%AIIL 571 11.09%ZEEL 107 10.19%ABB 7,506 9.80%TCS 2,269 9.67%
Morning brief · Sunday, 19 July 2026

Exicom’s first-mover advantage erodes as BHEL enters EV charger race

Market pulse
A powerful surge in technology stocks led the market higher this week, with the IT index jumping over four percent even as broader benchmarks posted more modest gains. While individual stocks like Eclerx and Kalyankjil saw spectacular rallies, others such as Patanjali and ICICI General Insurance faced significant selling pressure.
From the investor's mind
One post worth your time, explained
Tar
@itsTarH · on X
The landscape of AI competition is shifting from model superiority to inference capacity, according to investor Tar. While a Chinese model has reportedly achieved the number one ranking, the critical factor for winning the "AI Wars" is now the ability to handle the computational demands of running these models, known as inference. This is evident in the "rate limit showdowns" observed at major AI companies like Anthropic and OpenAI, where users face restrictions on how many requests or "tokens" their applications can process per minute or day, highlighting the strain on existing infrastructure. The investor's point is that merely having the best AI model is no longer sufficient; the real competitive advantage lies in scaling up the infrastructure to serve these powerful models efficiently to a broad user base.
Word in the street
What the wider market is buzzing about
Exicom Tele-Systems Limited
162Past year 8%M.cap ₹2,350 Cr
Word on the street this week centered on Exicom Tele-Systems, a company that has seen its stock fall over eight percent in the last year. Chatter focused on the changing competitive landscape for the electric vehicle charger manufacturer. While the company has enjoyed a first-mover advantage, it now faces the prospect of state-sponsored competition. Bharat Heavy Electricals Limited is set to enter the market for EV fast chargers, joining a field that already includes Exicom, Servotech, and global players like ABB and Delta Electronics. With a market capitalization of around ₹2,350 crore, investors are watching to see how Exicom will navigate this increasingly crowded arena.
Yesterday's big moves
IDFC First Bank Limited
IDFC First Bank LimitedNew Position
80Past year 9%M.cap ₹69,409 Cr
Tata Mutual Fund
Tata Mutual Fund established a new position in IDFC First Bank, acquiring 138,749,565 shares, representing a 1.61% stake. The investment is valued at ₹1,114.77 crore, with shares priced at ₹80.35 apiece.
Vintage Coffee And Beverages Limited
Vintage Coffee And Beverages LimitedNew Position
159Past year 12%M.cap ₹2,412 Cr
SBI Mutual Fund
SBI Mutual Fund entered Vintage Coffee And Beverages with 15 lakh shares, a 1.03% stake, worth ₹23.86 Cr at ₹159.05 apiece, in a new position that appears to be part of a rights issue.
Medplus Health Services Limited
Medplus Health Services LimitedNew Position
801Past year 13%M.cap ₹9,860 Cr
Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance acquired 12,38,431 shares of Medplus Health Services Limited, representing a 1.03% stake. The position is valued at ₹99.22 crore based on a share price of ₹801.10.
Piramal Pharma Limited
Piramal Pharma LimitedDecreased
179Past year 17%M.cap ₹23,152 Cr
HDFC Mutual Fund
HDFC Mutual Fund decreased its stake in Piramal Pharma from 9.02% to 7.01%, selling 2,66,88,471 shares via open market on July 14, 2026.
Gateway Distriparks Limited
Gateway Distriparks LimitedDecreased
58Past year 8%M.cap ₹2,993 Cr
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund trimmed its stake in Gateway Distriparks from 8.34% to 6.33%, selling 1,00,68,963 shares via open market sale.
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