In today’s briefing:
- NIFTY200 Momentum30 Index Rebalance Preview: More Changes with New F&O Stocks
- Enviro Infra Engineers Limited IPO Analysis
- Zinka Logistics IPO Trading – Subdued Demand; Lags Recent Listings
NIFTY200 Momentum30 Index Rebalance Preview: More Changes with New F&O Stocks
- There could be 17 changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 30 December. Some changes from earlier following 45 new F&O stocks.
- If all changes are on expected lines, one-way turnover is estimated at 61.5% and that will result in a one-way trade of INR 63.4bn (US$752m).
- The potential inclusions to the index have outperformed the potential deletions since the start of June. This trend could continue for a couple of weeks till the changes are announced.
Enviro Infra Engineers Limited IPO Analysis
- The company is in the business of designing, construction, operation and maintenance of water and wastewater treatment plants and supply schemes with all related services.
- It has an order book worth Rs. 1906+ cr. as of June 30, 2024 and 750Cr+ of operation & maintenance order book in their hand.
- Company has in-house capability to build and design water plants which enhance the margins of the company vs its peers.
Zinka Logistics IPO Trading – Subdued Demand; Lags Recent Listings
- Blackbuck (1355652D IN) raised about US$130m in its India IPO.
- Zinka Logistics (Blackbuck) is India’s largest digital platform for truck operators (in terms of number of users), with 963,345 truck operators transacting on its platform in FY24, as per Redseer.
- We have looked at the company’s past performance and valuations in our earlier notes. In this note, we talk about the trading dynamics.
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