Tale of the Tape 

Howdy folks. 

Nifty and Sensex crashed -1% each amid broad-based selling pressure. Midcaps (-1.6%) and Smallcaps (-1.8%) saw even deeper cuts. A whopping 425 stocks in the NSE 500 ended in the red. Here’s the heatmap:

Not a single sector ended higher. Real Estate (-2%), Energy (-1.9%) and Auto (-1.7%) fell the most.

Is Zee Entertainment in the middle of an actual turnaround? Read our top story to get the lowdown.

Oswal Pumps IPO kicks off tomorrow. Check out our analysis below to help you decide whether to subscribe.

Tanla Platforms, Paytm and MapMyIndia saw big moves today. Look at their charts below to find out why.

Aviation and ticket booking stocks fell after the Air India crash in Ahmedabad. Ixigo, TBO Tek and Indigo fell 3%-4% each.

Asian Paints was up +1% after 3.5 crore shares (3.64 equity) changed hands in multiple deals; Reliance was the likely seller.

Spandana Sphoorty Financial was down -2% after ICRA downgraded its credit rating.

Order wins. Sterilite Technologies zoomed +10% after bagging a Rs 2,631-cr BSNL contract for J&K and Ladakh. Meanwhile, Shakti Pumps was up +3% after securing a Rs 114 cr order from the Maharashtra govt.

Stock
Zee Entertainment: What Lies Ahead?

After correcting massively in 2025, Zee Entertainment is up +15% over the last month! We know what you’re thinking: is it time to finally join the party? Here’s what you need to know.

Recap time: After the Sony merger fell apart in 2024, Zee was in dangerous shape. It managed to turn things around by massively cutting flab, reducing investments and firing 15% of its workforce including many senior execs!  

But experts say that’s only half the job done. It also needs to:

• Figure out how to grow its ad business beyond FMCG clients, which have cut back on spending due to an urban market slowdown.

•  Almost certainly raise more money to battle stiff competition including the Reliance-Disney giant. PS - Zee has currently marked 40% of its free cash flow for “growth capex” and raised Rs 2,000 cr in June 2024

The road ahead: This is tougher than it looks, but there are some positive triggers too..

• The company’s promoters have started increasing their stake slowly from 3.15% to 4.28%. This is a LONG way from the 26% that group boss Subhash Chandra promised in January 2024, but it’s a start.

• Analysts say the company’s content library was recently revalued at a much higher price tag than current book value. This should help its syndication strategy. The company has also started monetising its extensive music catalogue to turn it into a revenue lever.

What to watch out for: Zee has two board meetings next week. Reports say investment bankers will present growth strategies for the next 3-5 years which will include possible fundraising options. The board will then choose to adopt them in part or full. PS - JM Financial sees a whopping +57% upside from current levels.

Specials
BSE - Wait Or Invest?

After a +3x in the last 1 year, BSE is a stock that everyone has an eye on. But, does it have room for further upside from current levels? Check out our latest video where we cover the company’s fundamentals, technicals, brokerage ratings and SEBI RA views in ~5 mins.