NESCO.NSE

NESCO Ltd.

In this briefing: India’s Energy Sector ₹32,000 Cr Capex Surge: Decoding the Value Chain Nesco: Strong Q3FY26 Hormuz Shock: $79bn AUC (Asset Under Custody) Decline Marks Sharpest Drop Since Covid Bajaj Finance (BAF): Strong Q3FY26 Aequitas: Manipal Health Enterprises Ltd Pre-IPO Tearsheet 1. India’s Energy Sector ₹32,000 Cr Capex Surge: Decoding the Value Chain India's power equipment manufacturers are collectively committing roughly INR 32,000 crore to new factories and capacity upgrades, the largest manufacturing investment wave the sector has seen in decades. Peak electricity demand hit a record 250 GW in FY25 and is heading toward 458 GW by 2032, creating an order environment that manufacturers cannot fulfill with existing infrastructure alone. This is not a single big-ticket NTPC-style investment, but dozens of simultaneous factory expansions across the power value chain funded majorly by internal accrual shocasing their confidence. 2. Nesco: Strong Q3FY26 Nesco reported strong revenue growth of 15%+ YoY in Q3FY26 led by the Foods business where the revenue doubled YoY.

In this briefing: Nesco: Strong Q3FY26 Hormuz Shock: $79bn AUC (Asset Under Custody) Decline Marks Sharpest Drop Since Covid Bajaj Finance (BAF): Strong Q3FY26 Aequitas: Manipal Health Enterprises Ltd Pre-IPO Tearsheet V-MART Retail: Unnecessarily Punished, Maintain BUY 1. Nesco: Strong Q3FY26 Nesco reported strong revenue growth of 15%+ YoY in Q3FY26 led by the Foods business where the revenue doubled YoY. The IT Parks and Exhibitions businesses posted steady performance. However, operating PBT declined -7% YoY due to investments, operational and finance costs being incurred towards the Way Side Amenities business and Tower 2 construction. Led by its new initiatives like the Foods and the Events businesses, Nesco is growing well. Its venture into Way Side Amenities segment also looks promising. 2. Hormuz Shock: $79bn AUC (Asset Under Custody) Decline Marks Sharpest Drop Since Covid FPI equity assets dropped $79bn in two weeks ending March 15, 2026, the sharpest fall in six years , surpassing the COVID-led outflows of March 2020.

Mumbai (Maharashtra) [India], March 21 (ANI): The Indian Super Gaming League (ISGL) kicked off its nationwide qualifier circuit in Mumbai this weekend, with the city producing the first set of gamers who will go on to represent Mumbai City FC in the league's inaugural season. Held at NESCO, Mumbai, the qualifier brought together gamers from across the country competing for the opportunity to progress from open co

In this briefing: LIC Housing Finance (LICHF): Growth Still Elusive But Asset Quality Has Normalized 2026 High Conviction Idea: Tata Steel’s Raw‑Material Moat and Long‑Product Expansion Exencial Industry Tidings 23/12/2025 Kolte Patil: Management Changes and Q2FY26 Update Nesco: Strong Q2FY26 1. LIC Housing Finance (LICHF): Growth Still Elusive But Asset Quality Has Normalized LICHF's asset quality has improved considerably with Stage 3 assets now at 2.51% vs 2.62% QoQ and 3.06% YoY. Recoveries have been also meaningful and are likely to contribute further. NIM declined to 2.62% vs 2.68% QoQ due to repricing of back book per the 25bp PLR cut. NIM is set to expand as borrowing costs come down. While growth has been below par due to intense competition from PSU banks; adjusted for balance transfer, it has been decent. Furthermore, H2FY26 tends to be seasonally better. 2. 2026 High Conviction Idea: Tata Steel’s Raw‑Material Moat and Long‑Product Expansion India led volume stability, improving deliveries, and captive raw materials position Tata Steel to convert the 2026 steel upcycle into earnings leverage.