Amidst geopolitical tensions and market corrections, select Indian stocks have surged significantly. Defence, jewellery, digital infrastructure, and energy sectors have shown robust performance, with companies like Swan Defence, Bluestone Jewellery, Sterlite Technologies, and Adani Power leading the gains. Resilience in banking and consumption stocks also highlights selective investor interest in stable businesses.

In this briefing: Aequitas: Moneyview Limited Pre-IPO Tearsheet Lucror Analytics - Morning Views Asia Primer: Syrma SGS Technology (SYRMA IN) - Mar 2026 India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers 1. Aequitas: Moneyview Limited Pre-IPO Tearsheet Moneyview Limited (1588198D IN) (MVL) is looking to raise up to US$327m in its upcoming India IPO. The deal will be run by Axis, BofA, IIFL and Kotak. Moneyview Limited (MVL) is a consumer and focused, digital only, credit-led financial services platform for middle India customers providing access to a suite of financial products on its mobile application. Personal loans is its flagship offering, personalized through in-house AI/ML segmentation and risk models. 2. Lucror Analytics - Morning Views Asia UST yields jumped 6-9 bps across the curve yesterday, as the market pared rate-cut expectations on inflation concerns (despite the inline February CPI data), and following soft demand for a 10Y note auction.

In this briefing: Primer: Syrma SGS Technology (SYRMA IN) - Mar 2026 India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers LPG Crisis Proxy Play: How Middle Eastern War Opens Opportunity in India's Induction Industry SaaSpocalypse Now. Are We Done Already? 1. Primer: Syrma SGS Technology (SYRMA IN) - Mar 2026 Syrma SGS Technology is a leading Indian Electronics System Design and Manufacturing (ESDM) company, well-positioned to capitalize on the high-growth domestic EMS market, driven by government initiatives like 'Make in India' and the global 'China+1' strategy. The company is strategically shifting its revenue mix from lower-margin consumer electronics to higher-margin verticals such as automotive, industrial, and healthcare, which is expected to improve profitability. With a strong focus on R&D and a proven track record of inorganic growth through acquisitions, Syrma SGS is expanding its technological capabilities and product offerings to cater to a diversified customer base, including a significant and growing export market.

In this briefing: India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers LPG Crisis Proxy Play: How Middle Eastern War Opens Opportunity in India's Induction Industry SaaSpocalypse Now. Are We Done Already? Sharp Surge in Memory Chip Prices: 2 Smallcap Indian Benficiaries 1. India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors India's domestic gas supply collapsed after the US-Iran war shut the Strait of Hormuz, cutting 85-90% of natural gas imports and triggering emergency government rationing. Ceramics, QSR chains, food delivery, and gig workers face severe disruption ; induction appliance makers and domestic-focused CGD operators emerge as clear structural beneficiaries. Duration determines the damage: a short shock(Scenario-1) is a blip, but a prolonged crisis(Scenario-3) permanently rewires India's cooking fuel mix and equity positioning across sectors. 2. Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates.

In this briefing: LE: 4Q Preview: Ending 2025 On A High Note; Reiterate Buy Rating, $45 PT Hunting plc - Clear catalysts for further value accretion Primer: American Resources (AREC US) - Mar 2026 Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Primer: Addus Homecare (ADUS US) - Mar 2026 1. LE: 4Q Preview: Ending 2025 On A High Note; Reiterate Buy Rating, $45 PT We are reiterating our Buy rating, projections and $45 price target for Lands’ End with the company announcing 4QFY25 (January) results before the open on Thursday. We believe, with a continued switch to more lifestyle focused offerings, lower overall discounting levels and highly seasonal weather, Lands’ End is poised to drive strong bottom line result and, with virtually all key licensed categories anniversaried, YoY top line growth also. Further, we expect a positive update on the impending 50/50 joint venture with leading brand licensor WHP Global, which should serve to deleverage Lands’ End balance sheet and set up the company for expansion. 2.

In this briefing: Hunting plc - Clear catalysts for further value accretion Primer: American Resources (AREC US) - Mar 2026 Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Primer: Addus Homecare (ADUS US) - Mar 2026 Primer: Sonida Senior Living (SNDA US) - Mar 2026 1. Hunting plc - Clear catalysts for further value accretion Hunting has set out clear strategic goals over an extended time horizon. The company took tangible steps in 2025 towards their attainment, meeting guidance for the year at the same time. Subsea’s elevated potential is important for many reasons, and within this, the development of Organic Oil Recovery could be a significant value trigger. 2. Primer: American Resources (AREC US) - Mar 2026 American Resources Corp. is undergoing a significant strategic pivot, shifting from a traditional metallurgical coal producer to a technology-focused supplier of critical and rare earth elements (REEs) for the electrification and infrastructure markets.

In this briefing: The Law Debenture Corporation — Outperforming with consistency Primer: American Resources (AREC US) - Mar 2026 Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Lupeng Pharmaceutical (麓鹏制药) Pre-IPO: Competitive BTK Product Asia Real Estate Tracker (12-Mar-2026): Brookfield Acquires NZ Hotels for $150M Investment 1. The Law Debenture Corporation — Outperforming with consistency The Law Debenture Corporation (LWDB) has published 2025 results, a year in which it built on its long-term record of outperformance versus its broad UK equity market benchmark and peers. We believe LWDB’s unique combination of a UK investment trust and a cash-generative professional services operating business (IPS) are core to this performance. In 2025, portfolio returns were driven by strong stock selection across the range of market capitalisations, with investment flexibility supported by the earnings and cash flow of IPS. With debt and IPS at fair value, NAV total return of 28% was 4.4pp ahead of the benchmark and DPS increased by 6.0%. 2.

In this briefing: Primer: American Resources (AREC US) - Mar 2026 Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Primer: Addus Homecare (ADUS US) - Mar 2026 Primer: Sonida Senior Living (SNDA US) - Mar 2026 Primer: Century Aluminum Company (CENX US) - Mar 2026 1. Primer: American Resources (AREC US) - Mar 2026 American Resources Corp. is undergoing a significant strategic pivot, shifting from a traditional metallurgical coal producer to a technology-focused supplier of critical and rare earth elements (REEs) for the electrification and infrastructure markets. The company's future hinges on the successful commercialization and scaling of its subsidiary, ReElement Technologies, which utilizes a proprietary chromatography process for refining REEs from recycled materials and mining waste. This technology is claimed to be more cost-effective and environmentally friendly than traditional methods. Financial performance has been extremely weak, characterized by plummeting revenues, significant net losses, and negative cash flows, reflecting the transition away from legacy coal operations and heavy investment in the new REE venture.

In this briefing: Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Lupeng Pharmaceutical (麓鹏制药) Pre-IPO: Competitive BTK Product Asia Real Estate Tracker (12-Mar-2026): Brookfield Acquires NZ Hotels for $150M Investment Primer: Taiyo Industrial (6663 JP) - Mar 2026 Primer: Daishinku Corp (6962 JP) - Mar 2026 1. Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. Three domestic manufacturers, Sterlite Technologies (SOTL IN) , HFCL Ltd (HMFC IN) , and Finolex Cables (FNXC IN) , are positioned directly in the path of this demand surge. The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers. 2. Lupeng Pharmaceutical (麓鹏制药) Pre-IPO: Competitive BTK Product Lupeng Pharmaceutical, a China-based biotech, is looking to raise at least USD100m via a Hong Kong listing.