Daily BriefsIndia

Daily Brief India: Max Healthcare Institute, Kalpataru Limited and more

In today’s briefing:

  • Quiddity Leaderboard NIFTY Sep25: Multiple Changes to Expected ADDs/DELs; New Pair Trade Ideas
  • Kalpataru Ltd IPO – Cemented by Debt Repayment


Quiddity Leaderboard NIFTY Sep25: Multiple Changes to Expected ADDs/DELs; New Pair Trade Ideas

By Janaghan Jeyakumar, CFA

  • NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
  • In this insight, we take a look at the names leading the race to become ADDs/DELs for these indices during the September 2025 index rebal event.
  • We see two changes for NIFTY 50 and five changes for NIFTY 100 in the September 2025 rebal.

Kalpataru Ltd IPO – Cemented by Debt Repayment

By Akshat Shah

  • Kalpataru Limited (KTARU IN) is looking to raise about US$184m in its upcoming India IPO.
  • Kalpataru (KL) is an integrated real estate developer involved in identification and acquisition of land, planning, designing, execution, sales, and marketing of its projects.
  • In this note, we take a quick look at the company’s past performance and the IPO valuations.

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