In today’s briefing:
- NIFTY50 Index Rebalance Preview: One Change for Sure; Second One Is a Maybe
- BuyEazzy nets $4.2m in series A round
- Morning Views Asia: Adani Ports & Special Economic Zone
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NIFTY50 Index Rebalance Preview: One Change for Sure; Second One Is a Maybe
- With the review period complete, Shriram Finance (SHFL IN) should replace UPL Ltd (UPLL IN) in the NIFTY Index (NIFTY INDEX) at the March rebalance.
- We have Trent Ltd (TRENT IN) marginally ahead of Bharat Electronics (BHE IN) as lower probability replacements for Bharat Petroleum Corp (BPCL IN) in the index.
- The impact on the stocks will be large in terms of delivery volume to trade, but the stocks have moved a lot over the last few months.
BuyEazzy nets $4.2m in series A round
- India’s beauty and personal care market is expected to hit US$30 billion by 2027. While the segment as a whole is thriving, beauty ecommerce penetration in Tier 2 and Tier 3 cities suffers from long delivery periods as well as issues with product authenticity and quality.
- BuyEazzy, a beauty ecommerce platform, aims to solve this by leveraging the trust between neighborhood store owners and consumers.
- The startup has raised over US$4.2 million in a series A round led by Info Edge Ventures, with participation from existing investors Incubate Fund Asia and M Venture Partners.
Morning Views Asia: Adani Ports & Special Economic Zone
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.