In today’s briefing:
- The Beat Ideas: Enviro Infra Engineers Ltd – High-Margin Growth Story in Water Infra
- Bluestone Jewellery IPO Trading – Tepid Demand
The Beat Ideas: Enviro Infra Engineers Ltd – High-Margin Growth Story in Water Infra
- EIEL is strategically expanding into high-margin Zero Liquid Discharge (ZLD) projects and the renewable energy sector, diversifying its business beyond its traditional water and wastewater treatment core.
- This strategic shift is crucial as it addresses critical national challenges like water scarcity and sustainable energy, aligning the company with major government initiatives and creating new, high-growth revenue streams.
- By entering these technically complex and margin-accretive segments, the company is changing its business model to a diversified infrastructure player with enhanced long-term growth and profitability potential.
Bluestone Jewellery IPO Trading – Tepid Demand
- Bluestone Jewellery and Lifestyle Ltd (BJL) raised around US$176m in its India IPO.
- BJL offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand. It is a digital-first direct-to-consumer (DTC) brand.
- We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.
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