Tar ⚡

Ex @GoldmanSachs •
Check out TheWrap🌯@ • ✉️ [email protected] •

Sharing Data & Insights • All tweets are opinions • Nothing is advice

[Tar ⚡ @itsTarH]

All my Threads so far 🧵 👇🏼

[Tar ⚡ @itsTarH]

China will manufacture 5 DUV machines this year and 20 next year

ASML will supply 65 machines this year and 85 next year

Funny how panic spreads without facts

[Tar ⚡ @itsTarH]

@StockFundas101 @10croreguy habit

[Tar ⚡ @itsTarH]

@Manojeet_Das

[Tar ⚡ @itsTarH]

China's largest memory chip manufacturer just listed today

and went up 5x on listing day itself

[Investing Accelerator Summit 🚀 @ias_summit]

We are excited to welcome Mr. Tariq Hussain, the brilliant mind behind #TheWrap🌯, to the Investing Accelerator Summit 2026 ✨

@itsTarH is widely recognized for his ability to seamlessly integrate data-driven analytics with deep financial insight. His unique perspective makes him an invaluable voice at the Summit.

Excited for the session? Then join us online on Aug 7-8.

🔗 Reserve Your Seat:
https://t.co/pxyVFDObpl

🎟️ Early Bird Discount Ends Soon!

[Tar ⚡ @itsTarH]

Ten Important Filings that you should know, for week ended 24th July 🌯

All data via https://t.co/bZqTmFZFru

1. HFCL to expand Data Centre Connectivity capacity by nearly 5x

HFCL will invest ₹215 crore to add capacity for 270,000 MMC and SNMT assemblies annually, with commissioning expected by September 2027

The capex represents a significant scale up while also shifting HFCL toward higher value connectivity products used inside AI and hyperscale data centers

https://t.co/CZ1c1bFmr1

2. Paras Defence has signed a MoU to set up advanced packaging OSAT facility at cost of 6200cr

Advanced packaging is one of the crucial bottlenecks in AI supply chain today. TSMC overflow is already benefiting companies like ASE Tech and Amkor

Paras wants to set up latest 2.5D/3D advanced packaging line

This is just a MoU at this stage and no funding and terms have been finalized

https://t.co/Gjr4kEAUEh

3. SPEL Semiconductor plans major expansion and fundraising of up to ₹1,000 crore

SPEL has approved raising up to ₹500 crore through a Rights Issue/QIP and another ₹500 crore through overseas instruments including FDI or FCCBs

SPEL currently operates a semiconductor packaging and testing facility, it does not manufacture chips or wafers

It packages fabricated semiconductor dies into finished ICs and performs electrical and reliability testing

The funds will be used to modernize and expand its packaging, testing, automation and manufacturing infrastructure
The company also plans to apply for Central and State semiconductor incentives

https://t.co/owpYtrtc5t

4. ICE Make enters into a joint venture with Japanese company Galilei to foray into HoReCa segment

Galilei will also invest 180cr in ICE Make via preference shares

Food Processing & Hospitality already contributes 15-20% of ICE Make’s revenue, while commercial freezers account for only 2%, leaving significant headroom to build a larger standardized HoReCa equipment business

Galilei brings established Japanese product technology and has around 30% share of Japan’s domestic commercial-refrigerator production

https://t.co/lcfQBFnKbj

5. Apollo Micro Systems receives Indian Navy approval to develop an Autonomous Underwater Surveillance System

Apollo Micro Systems has received a Make-II Prototype Sanction Order to develop SAVIOR-ASW, an unmanned semi-submersible vessel that can operate for extended periods and use acoustic sensors and AI/ML to detect and classify submarines and other underwater threats

The system would represent a first-of-its-kind indigenous capability in India and marks Apollo’s formal entry into autonomous maritime and underwater warfare systems

https://t.co/ebZ3n7DEIn

6. Marine Electricals wins orders worth 376cr including a major order from Siemens for power distribution system that will be used in a Hyperscaler data center

https://t.co/dIkYGmGtZW

7. Gabriel India enters ADAS and automotive electronics through JV with Korea-based HL Klemove

Gabriel India will acquire a 30% stake in HL Klemove India for around ₹935 crore, while the Korean parent will retain the remaining 70% stake

HL Klemove India manufactures ADAS radars, front cameras, autonomous-driving control units and software, along with automotive electronics such as braking and steering ECUs

https://t.co/LgPAYp8b1e

8. Sona Comstar enters into a partnership with Japanese firm Densco Corporation

Sona Comstar and DENSO will establish two India based joint ventures to develop and manufacture traction motors, inverters, generators and eAxles for electric and hybrid vehicles

The first JV will focus on high voltage liquid cooled powertrain systems for passenger and commercial vehicles, with DENSO holding 51% and Sona Comstar holding 49%. This gives Sona access to DENSO’s inverter and hybrid technology and expands it beyond individual EV components into integrated powertrain systems.

In the second JV, Sona will transfer its existing two-wheeler and three-wheeler electric motor and controller business into a subsidiary. DENSO will acquire a 49% stake at an enterprise valuation of ₹1,750 crore, while Sona retains 51% and management control.

https://t.co/Gp0ElKJlXy

9. Indo Tech Transformers enters the 400 kV transformer segment for BESS projects

Indo Tech has received NTPC approval to manufacture 400 kV class transformers for BESS projects, expanding its product portfolio beyond the existing 220 kV range
It has also secured an initial order for two 90 MVA, 400 kV transformers through an EPC contractor

Large grid scale BESS projects require high voltage transformers to connect battery systems to 220 kV and 400 kV transmission networks
NTPC’s recent renewable and BESS tenders include 400/33 kV tie transformers and 400 kV pooling substations

The approval moves Indo Tech into a more technically demanding and higher-value transformer segment and positions it to participate in NTPC’s growing BESS and renewable power evacuation pipeline

https://t.co/6uvcPP3RWv

10. Azad Engineering delivers India’s first indigenous 350 kg thrust class expendable turbojet engine

Azad has manufactured and assembled a 350 kg thrust class turbojet engine designed by DRDO’s Gas Turbine Research Establishment, and delivered the first unit to DRDO

This is not a fighter aircraft engine, it is built for a one time use defence platform, such as a missile or unmanned system, rather than a reusable aircraft

The development is significant because Azad is moving beyond manufacturing individual aerospace components to the complete assembly of an indigenous jet engine, establishing system level manufacturing capabilities in a technology mastered by only a few countries

https://t.co/39VYfNq620

_______________

The above is public-market information drawn from selected filings featured in the weekly #TheWrap🌯 report

None of the above constitutes a recommendation to buy or sell any security

Check out #TheWrap🌯 for in-depth coverage of the week’s most important corporate filings

https://t.co/5YZmbdLhdE

[Tar ⚡ @itsTarH]

Latest #TheWrap🌯is now available to read ⤵️

Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more

https://t.co/TqOLuvqglh

Your one stop place for everything important in Indian Stock Market

[Tar ⚡ @itsTarH]

Like clockwork

[Tar ⚡ @itsTarH]

Oil is back above $100
10Y yields are back above 4.699 (this has previously been a TACO zone)

I miss Biden

[Niraj Shah @niraj_shah]

Earnings are strong in Q1 thus far (data courtesy @itsTarH )
-Over 300 companies above Rs 1000 cr M-Cap have declared results
-Median revenue growth has doubled YoY
-Median EBIDTA growth over 24%, highest in 8 quarters atleast
-Median EPS growth is over 26%, highest in many quarters

[Tar ⚡ @itsTarH]

@niraj_shah One of the best starts to an earnings season in the past eight quarters

Data below for companies above 1000cr

[Tar ⚡ @itsTarH]

Latest #TheWrap🌯is now available to read ⤵️

Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more

https://t.co/TqOLuvqglh

Your one stop place for everything important in Indian Stock Market

[Neeraj Marathe @NeerajMarathe]

If you are serious about investing, this service is extremely value adding imho.

[Tar ⚡ @itsTarH]

@a_basumallick Thank you sir for the constant support 🤝
Will keep delivering more value

[Tar ⚡ @itsTarH]

You can search by company names too and get all past and present interviews

https://t.co/ZyomxE9B7p

[Tar ⚡ @itsTarH]

One of my go to sections in #TheWrap🌯 during earnings season is the Management Interviews

No noise, distraction free way to catch up on all the latest management insights of day

Lots more coming very soon to #TheWrap🌯

https://t.co/ZyomxE9B7p

[Tar ⚡ @itsTarH]

5 Months later
India Inc is reporting its best earnings quarter in past 2 years

[Tar ⚡ @itsTarH]

New Earnings Cycle is Starting

[Tar ⚡ @itsTarH]

Sterlite Tech #STLTech

PAT increased by 1870%
Revenue by 87%

[Tar ⚡ @itsTarH]

Preform prices trajectory

[Tar ⚡ @itsTarH]

Oil is back above $100
10Y yields are back above 4.699 (this has previously been a TACO zone)

I miss Biden

[Tar ⚡ @itsTarH]

Sigh

[Tar ⚡ @itsTarH]

Existing business is now selling for 0.6x Sales (after account for 30% stake in demerged business)

Distillery business PBIT went from ₹40 Cr to ₹119 Cr in FY26

[Tar ⚡ @itsTarH]

Based on today's drop in Triveni Engineering, market seems to be valuing the gear business at ~650/share giving it a roughly 7Kcr market cap

The business has sales of ~350cr, so a 20x Price to Sales multiple

Remaining Triveni Engineering business continues to hold ~30% stake

[Tar ⚡ @itsTarH]

@RahulRao_1992 At this point, either Triveni Engineering (remaining business) is mispriced or Triveni Power is