WEEK28 Sept
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Morning brief · Sunday, 4 October 2026

Bharat Rasayan tumbles 60.14 percent as joint venture losses weigh

Market pulse
Indian benchmarks slid this week as the Nifty dropped 3.11 percent. While PB Fintech slumped 15.95 percent, Sun TV Network bucked the broad market selloff to surge 16.89 percent.
From the investor's mind
One post worth your time, explained
Ishmohit Arora (SOIC)
@soicfinance · on X
Rolex Rings operates as a critical proxy to the growth of bearing companies by manufacturing bearing rings, which serve as one of the key components for major bearing manufacturers. While the company occupies a vital spot in this industrial value chain, its business momentum has cooled off with growth slowing down over the last two years. Highlighting this transition phase, investor Ishmohit Arora points out that the company also recently completed a share buyback during this period of slower growth. Understanding this position helps investors gauge Rolex Rings not just as an isolated manufacturer, but as a direct indicator of the broader health and demand cycles of the bearing industry.
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Word in the street
What the wider market is buzzing about
Bharat Rasayan Limited
₹999Past year ▼ 60%M.cap ₹1,660 Cr
Investors are closely discussing Bharat Rasayan Limited, a company whose stock has tumbled 60.14 percent over the past year, dragging its market cap to about 1,660 crore. Much of the attention centers on its joint venture, Nissan Bharat Rasayan Private Limited, which recorded a loss after tax of 13.33 crore on revenue of 58.56 crore for the quarter ended 30 June 2025. Meanwhile, partner Nissan Chemical Corporation is leaning on India for its global push. The company has decided to establish a new manufacturing facility for its new rice herbicide Ryzonic, or iptriazopyrid, at its consolidated Indian subsidiary.
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Yesterday's big moves
Bliss GVS Pharma Limited
Bliss GVS Pharma LimitedNew PositionSAST
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Mates Visa Consultancy Private Limited
Mates Visa Consultancy Private Limited acquired 5,09,84,595 shares of Bliss GVS Pharma Limited, representing a 47.95% stake, pursuant to a Share Purchase Agreement.
Indiabulls Limited
Indiabulls LimitedIncreasedSAST
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Hermes Ltd along with pac
Hermes Ltd along with its PAC acquired 36.55 crore convertible warrants and 22.41 lakh shares of Indiabulls Limited via a preferential allotment, raising their stake from 32.88% to 39.45%.
Swiggy Limited
Swiggy LimitedIncreasedSAST
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SBI Mutual Fund
SBI Mutual Fund bought 1,18,38,465 shares of Swiggy Limited via a market purchase, raising its stake from 4.70% to 5.13% and crossing the 5% disclosure threshold.
Genus Power Infrastructures Limited
Genus Power Infrastructures LimitedIncreasedSAST
₹280Past year ▼ 11%M.cap ₹8,519 Cr
Hi-Print Electromack Private Limited
Hi-Print Electromack Private Limited bought 24,82,501 shares of Genus Power Infrastructures Limited for ₹78.94 Cr at ₹318.00 apiece, raising its promoter stake from 18.18% to 19.00%.
Jindal Stainless Limited
Jindal Stainless LimitedIncreasedSAST
₹733Past year ▼ 7%M.cap ₹60,380 Cr
JSL OVERSEAS HOLDING LIMITED
JSL Overseas Holding Limited bought 8,34,233 shares of Jindal Stainless Limited for ₹62.30 Cr at ₹746.81 apiece, increasing its stake from 17.53% to 17.63%. This is the seventh open-market purchase by the promoter group in 30 days.
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