Daily Briefs

• LG Electronics India (123D IN) much awaited INR 116.1 bn IPO is set to open for subscription this week. It’s a complete OFS by the Korean Parent.
• While LG is the market leader, there are huge litigation liabilities ~74% of net-worth which could pose a serious threat to the financials, with particular attention to AMP spends proceedings.
• We also find it disturbing to note that the parent has taken out 175% of the free cash flows in FY23 and FY24 as interim dividends.

• Capgemini’s $76.50 all-cash acquisition of WNS has cleared all approvals; only court sanction remains.
• Scheme court hearing set for 9 October; settlement expected around 16 October 2025.
• With a 0.25% gross spread, this is now a low-risk, near-cash arbitrage position.

• Context:Tata Consultancy Services (TCS IN) will report Second Quarter FY 2026 Results on Thursday, 9 October 2025, after market close.
• Highlight: Typically a low-volatility stock, TCS has seen notable post-earnings swings in the past. Option markets now anticipate a move larger than its historic average.
• Why it matters: TCS is a top constituent of the Nifty 50 and Sensex. TCS’s commentary on the new H-1B visa fee could influence sentiment across India’s IT services sector.

• Post its recent IPO, Aegis Vopak has rapidly expanded its LPG capacity and is strategically de-leveraging to fund its massive, long-term ‘GATI’ (Gateway Access to India) expansion pipeline.
• As India’s largest third-party tank storage operator, the company is a critical, high-barrier-to-entry infrastructure play, directly capitalizing on the country’s surging energy, chemical, and industrial import dependence.
• The strategic joint venture and execution focus on high-margin, sticky, and growing segments like LPG and specialty chemicals position the company for sustainable, asset-backed growth.

• We highlight large and small cap companies that experienced significant insider buying during September 2025, as reported on the stock exchanges.
• We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.
• As September is a month just before the result season starts, some of these companies may highlight about improving prospects during coming quarters.

• Canara Robeco AMC (570515Z IN) is looking to raise US$150m in its upcoming India IPO.
• Canara Robeco has registered a CAGR of 34% and 33% in AUM and management fees, respectively, from FY22 to FY24. Profitability margins have also expanded steadily in the same period.
• In this note, we look at the company’s past performance.

Key points (machine generated)

• ABFRL’s recent demerger has streamlined operations, enhancing its business model and attractiveness.
• The company is positioned as a potential competitor in the Indian high fashion market, similar to LVMH.
• Despite challenges like accounting losses and low liquidity, the investment note highlights unique opportunities for investors.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Blue Star’s Q1 FY26 revenue grew by 4.1% YoY, with notable contributions from the B2B sector, international markets, and strong festive demand expectations despite unseasonal weather.
• GST cuts and rising demand in healthcare, data centers, and commercial air conditioning drive growth, while strategic international expansion and R&D investments position Blue Star for sustainable success.
• Blue Star remains a resilient player, leveraging strong B2B momentum, international expansion, and product innovation to navigate challenges and capitalize on future growth opportunities.

• Strong recent credit off-take and a favorable interest rate environment for issuance are expected to drive a robust revenue quarter for CARE Ratings, building on its core debt rating services.
• CareEdge’s focus on expanding its non-rating services, especially in ESG and infrastructure ratings, offers significant growth potential. 
• The Indian credit rating sector remains a high-margin oligopoly; a Q2 beat could re-rate CARE if it signals improved pricing discipline and acceleration in its non-rating advisory vertical.

• In today’s Morning Views publication we comment on developments of the following high yield issuers: Adani Green Energy
• UST yields climbed yesterday, led by the long end. This was driven by a spike in long-end JGB yields, following pro-stimulus lawmaker Sanae Takaichi’s election to lead Japan’s ruling party, as well as a sell-off in French bonds after French Prime Minister Sebastien Lecornu unexpectedly resigned.
• The yield on the 2Y UST rose 1 bp to 3.59%, while that on the 10Y UST was up 3 bps at 4.15%. Equities rallied, driven by semiconductor stocks. This came after AMD signed a large chip supply agreement with OpenAI, in a deal that could see OpenAI taking a 10% stake in the chipmaker. The S&P 500 rose 0.4% to 6,740, while the Nasdaq climbed 0.7% to 22,942.