Thesis & Trend

Fundamental build conviction. Technicals define timing

[Thesis & Trend @ThesisandTrend]

What would create more value over the long term?

Hero scaling Vida independently?

Or Hero eventually integrating more deeply with Ather?

#HeroMotoCorp #AtherEnergy #ElectricVehicles

[Thesis & Trend @ThesisandTrend]

HERO MOTOCORP HAS NOW PUT THE MONEY BEHIND THE ATHER STORY.

Hero bought about 3.01% of Ather Energy from the Government of Singapore.

Deal value: ~₹1,758 Cr
Deal price: ~₹1,480/share

Hero’s fully diluted stake is expected to rise to around 32.8%.

[Thesis & Trend @ThesisandTrend]

This increasingly raises a strategic question.

Hero already has its own EV brand, Vida.

Yet it keeps increasing its economic exposure to Ather.

My interpretation: Ather is becoming too important to Hero’s EV strategy to view as just another portfolio investment.

[Thesis & Trend @ThesisandTrend]

Jio plans to issue up to 27 crore fresh shares, roughly 2.9% of its post-issue equity.

A large portion of the proceeds is expected to go toward repayment/prepayment of Reliance Jio Infocomm borrowings.

#RelianceIndustries #JioIPO

[Thesis & Trend @ThesisandTrend]

🚨 INDIA’S BIGGEST IPO MAY BE GETTING CLOSER

Jio Platforms has received SEBI’s observation letter for its proposed IPO.

Potential issue size: ~₹37,700 crore

That could make it larger than every previous Indian IPO.

[Thesis & Trend @ThesisandTrend]

The interesting bit: the fund raise itself is almost 90% of FY26 revenue.

That’s a serious amount of fresh capital for a company of this size.
@KA_charts #PrizorViztech

[Thesis & Trend @ThesisandTrend]

Interesting development in a small-cap 👀

Prizor Viztech has approved a preferential issue of ~₹133 Cr at ₹876/share.

→ Ashish Kacholia among the investors
→ Motilal Oswal Financial Services also participating
→ Promoter holding remains healthy at ~62% post dilution

[Thesis & Trend @ThesisandTrend]

→ FY26 Revenue: ~₹148 Cr, up 108%
→ FY26 PAT: ~₹21 Cr, up 105%

The company operates in CCTV/video surveillance and recently received OEM registration on GeM, opening up a larger government/institutional opportunity.

[Thesis & Trend @ThesisandTrend]

Interesting strategic optionality ✅
Immediate earnings trigger ❌

Worth tracking as management gives more detail.

For education/information only. Not investment advice.

#VarunBeverages

[Thesis & Trend @ThesisandTrend]

VARUN BEVERAGES IS ENTERING A COMPLETELY NEW CATEGORY

The PepsiCo bottling giant is stepping into alcoholic beverages.

VBL has approved a new wholly owned subsidiary:

👉 KIVA Spirits and Company

[Thesis & Trend @ThesisandTrend]

There are still major unanswered questions:

Capital required?
Brands?
Pricing?
Launch timeline?
Margins?
Regulatory strategy?

So for now:

[Thesis & Trend @ThesisandTrend]

Cyient --- after its investor day where management laid out growth and Margin improvement priorities

[Thesis & Trend @ThesisandTrend]

A demerger allows the market to value each independently.

But remember:

Demerger ≠ automatic value creation.

Post-listing valuations + earnings of both businesses will decide that.

For education/information only. Not investment advice.

[Thesis & Trend @ThesisandTrend]

HEG’s demerger now has a timeline.

Effective date: 1 Sept

Record date: 7 Sept

Structure:

HEG shareholders get 1 share of HEG Graphite for every 1 HEG share held.

The idea is simple:

Separate the businesses into:

⚫ Graphite electrodes

��� Advanced materials

[Thesis & Trend @ThesisandTrend]

Few points to be seen over next few quarter are--
- Promoter pledge has increased.
- ROCE still needs improvement after the capex cycle.

Research view only. Not investment advice.

[Thesis & Trend @ThesisandTrend]

AARTIPHARM — Fundamental Inflection + Technical Breakout 📊

Aarti Pharmalabs has entered our radar after a strong Q1 FY27:

• Revenue ↑
• PAT ↑
• CDMO gaining momentum
• New capacities entering monetization phase
• Management targeting 15–18% multi-year growth

[Thesis & Trend @ThesisandTrend]

Now look at the weekly chart.

After months of consolidation, price has broken above the ₹800–825 zone on exceptional volume and you can see a GAP too.

[Thesis & Trend @ThesisandTrend]

@TechCharts