WEEK17 Aug
NIFTY 24,252 0.47%BANK NIFTY 57,762 0.47%NIFTY IT 30,532 2.63%NIFTY PHARMA 26,360 0.32%WELCORP 2,312 23.41%JYOTICNC 989 19.58%BALRAMCHIN 729 16.72%HSCL 654 16.22%WELSPUNLIV 189 15.34%AEGISLOG 1,418 12.05%NETWEB 5,601 11.86%SCHNEIDER 1,217 11.09%NSLNISP 40 10.58%IPCALAB 1,911 10.21%NIFTY 24,252 0.47%BANK NIFTY 57,762 0.47%NIFTY IT 30,532 2.63%NIFTY PHARMA 26,360 0.32%WELCORP 2,312 23.41%JYOTICNC 989 19.58%BALRAMCHIN 729 16.72%HSCL 654 16.22%WELSPUNLIV 189 15.34%AEGISLOG 1,418 12.05%NETWEB 5,601 11.86%SCHNEIDER 1,217 11.09%NSLNISP 40 10.58%IPCALAB 1,911 10.21%
Morning brief · Sunday, 23 August 2026

EIH’s ₹111 crore swing in other income changes the conversation

Market pulse
Indian markets ended the week on a divergent note, with banking stocks managing a half-percent gain while the benchmark Nifty 50 slipped by a similar margin, pulled down by a sharp sell-off in the IT sector. While Welspun Corp, Jyoti CNC, and Balrampur Chini Mills were among the notable gainers, shares of companies like Himachal Futuristic Communications and Schneider Electric Infrastructure saw significant declines.
From the investor's mind
One post worth your time, explained
Aditya Kondawar
@aditya_kondawar · on X
Zen Technologies' advanced training simulators have dramatically compressed the Indian military's Agniveer training cycle from 100 weeks to just 30 weeks, as highlighted by Aditya Kondawar. This significant reduction in training time directly translates to substantial cost savings for the military, a point Kondawar found "amazing". The investor's takeaway is that the use of such simulation technology offers considerable financial benefits.
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Word in the street
What the wider market is buzzing about
EIH Limited
303Past year 24%M.cap ₹18,942 Cr
Talk on the street this past week centered on EIH Limited, the hospitality major behind the Oberoi and Trident brands. The stock has fallen over 24 percent in the last year, but its first quarter results gave investors plenty to discuss. Revenues for the quarter grew 10 percent year on year to ₹657 crore. A significant swing in other income, from a loss of ₹66 crore to a gain of ₹45 crore, helped push profit after tax to ₹120 crore from just ₹37 crore a year ago. That prior loss was due to exceptional charges from a lease loss in Shimla. With ₹1,368 crore in cash and a new owned hotel planned in Visakhapatnam, conversations weighed the strong profit growth against a slight dip in margins.
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Yesterday's big moves
Kfin Technologies Limited
Kfin Technologies LimitedNew Position
980Past year 11%M.cap ₹16,947 Cr
Kotak Mutual Fund
Kotak Mutual Fund bought 20,00,000 shares of Kfin Technologies Limited for ₹185.00 Cr at ₹925.00 apiece in a block deal. This transaction was part of a larger block deal where General Atlantic Singapore Fund Pte offloaded an 8.75% stake in KFin Technologies for ₹1,400 crore.
Amagi Media Labs Limited
Amagi Media Labs LimitedNew Position
600Past year 72%M.cap ₹13,190 Cr
HDFC Life Insurance
HDFC Life Insurance bought 17,85,713 shares of Amagi Media Labs for ₹100.00 Cr at ₹560.00 apiece in a block deal. Trudy Holdings, AVP I Fund and Accel were reportedly planning to sell a combined 5% stake in Amagi Media Labs through a ₹600 crore block deal at a floor price of ₹550 per share.
Tipco Engineering India Limited
Tipco Engineering India LimitedNew Position
M.cap ₹288 Cr
Khushboo Nahar
Khushboo Nahar bought 1,85,600 shares of Tipco Engineering India Limited for ₹3.83 Cr at ₹206.30 apiece in a bulk deal.
Power Grid Corporation of India Limited
Power Grid Corporation of India LimitedIncreased
272Past year 1%M.cap ₹2,53,255 Cr
LIC
LIC bought 19.09 lakh shares of Power Grid Corporation of India via an open market purchase, increasing its stake from 4.99% to 5.01% and crossing the 5% disclosure threshold.
VA
Value 360 Commu.New Position
M.cap ₹120 Cr
Craft Emerging Markets
Craft Emerging Markets bought 11,72,400 shares of Value 360 Communications in an open market transaction, acquiring a 7.29% stake.
Markets are like a horror movie. You scream and shout, but you don't leave your seat.
Vijay Kedia
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