WPIL.NSE

WPIL Ltd.

In this briefing: Asian Bond Monitor: Take Profits TAC Index Weekly Air Cargo Bulletin 19 January 2026 Exencial Industry Tidings Primer: WPIL Ltd (WPI IN) - Jan 2026 Shadowfax IPO: Powering the Next Phase of India’s Delivery Growth 1. Asian Bond Monitor: Take Profits Indian USD high-yield bonds in our sample have outperformed on an improving operating environment in India. Our base case scenario calls for a stabilized rate environment in 2026 which makes fixed rate bonds fully-valued, in our view. We argue for a reduction in Asian bond exposure, and not a total abandonment. 2. TAC Index Weekly Air Cargo Bulletin 19 January 2026 Global air freight rates trended a little lower overall last week according to the latest data from TAC Index, the leading price reporting agency for air freight markets. The global Baltic Air Freight Index (BAI00) calculated by TAC dropped -3.3% in the week to January 12, leaving it lower though by only -3.6% from where it was 12 months earlier. Rates on the busiest lanes out of China were a little down WoW both to Europe and the US – but remained comfortably higher YoY in both directions. 3.

In this briefing: TAC Index Weekly Air Cargo Bulletin 19 January 2026 Exencial Industry Tidings Primer: WPIL Ltd (WPI IN) - Jan 2026 Shadowfax IPO: Powering the Next Phase of India’s Delivery Growth Aequitas: RSB Retail India Limited Pre-IPO - Leading Multi-Format Retailer in South India 1. TAC Index Weekly Air Cargo Bulletin 19 January 2026 Global air freight rates trended a little lower overall last week according to the latest data from TAC Index, the leading price reporting agency for air freight markets. The global Baltic Air Freight Index (BAI00) calculated by TAC dropped -3.3% in the week to January 12, leaving it lower though by only -3.6% from where it was 12 months earlier. Rates on the busiest lanes out of China were a little down WoW both to Europe and the US – but remained comfortably higher YoY in both directions. 2. Exencial Industry Tidings Better demand from blenders lifts tea prices at Coonoor Tea auctions Damodar Industries' sales decline by 22.4% in December 2025 quarter Mangalore Refinery & Petrochemicals' sales up by 13% in December 2025 quarter 3.

In this briefing: Primer: Hoshino Resorts Reit (3287 JP) - Jan 2026 Primer: WPIL Ltd (WPI IN) - Jan 2026 Peloton Minerals- Optimo Research: Initiation of Coverage Friday Takeaway—delving a little deeper into UK small caps: 9 Jan 2026 Shadowfax IPO: Powering the Next Phase of India’s Delivery Growth 1. Primer: Hoshino Resorts Reit (3287 JP) - Jan 2026 Unique Sponsor Relationship Drives Growth: Hoshino Resorts Reit (HRR) benefits from a strong symbiotic relationship with its sponsor and primary operator, Hoshino Resorts Co., Ltd., a renowned luxury hotel operator in Japan. This provides a pipeline of high-quality, uniquely branded properties and operational expertise, which is a key differentiator. Poised to Capture Tourism Recovery: The REIT is well-positioned to capitalize on the robust recovery of Japan's tourism industry. A weak Yen and government initiatives are expected to continue driving both domestic and inbound tourist numbers, directly benefiting HRR's portfolio of resort and tourism-focused properties.

In this briefing: Primer: WPIL Ltd (WPI IN) - Jan 2026 The commodity rally isn’t broad enough yet… Shadowfax IPO: Powering the Next Phase of India’s Delivery Growth China–EU Trade in EVs and Tires Shifts Toward Recalibration in 2026 Aequitas: RSB Retail India Limited Pre-IPO - Leading Multi-Format Retailer in South India 1. Primer: WPIL Ltd (WPI IN) - Jan 2026 WPIL Ltd . is a well-established multinational company with a strong presence in the pump manufacturing and turnkey water infrastructure project sectors. The company has a diversified revenue stream from both its product and project divisions, catering to a wide range of industries including irrigation, water supply, power, and other industrial applications. The company has demonstrated a track record of growth through both organic and inorganic routes, with strategic acquisitions in international markets like Europe, Africa, and Australia. This global footprint provides geographical diversification and access to new markets and technologies.

In this briefing: Primer: WPIL Ltd (WPI IN) - Jan 2026 Shadowfax IPO: Powering the Next Phase of India’s Delivery Growth Aequitas: RSB Retail India Limited Pre-IPO - Leading Multi-Format Retailer in South India NIFTY NEXT50 Index Rebalance Preview: Forecast Changes & Close Names Consumer Durables & EMS (Q3FY26 Results Preview): Soft durables demand, EMS growth moderate 1. Primer: WPIL Ltd (WPI IN) - Jan 2026 WPIL Ltd . is a well-established multinational company with a strong presence in the pump manufacturing and turnkey water infrastructure project sectors. The company has a diversified revenue stream from both its product and project divisions, catering to a wide range of industries including irrigation, water supply, power, and other industrial applications. The company has demonstrated a track record of growth through both organic and inorganic routes, with strategic acquisitions in international markets like Europe, Africa, and Australia. This global footprint provides geographical diversification and access to new markets and technologies.

Market Trend: - , . . , 9.4% , 8%, 7%, 6%, 5.7% 5.2% . Smallcap 10-41% , - . 450 10% 41% , . , 25% . NGL Fine Chem 41.31% NGL Fine Chem , (Veterinary Active Pharmaceutical Ingredients) (APIs) . . , - . Natco Pharma 32.99% Natco Pharma , () . - . Excel Industries 32.79% Excel Industries (Agrochemicals & Specialty Chemicals) . , . Orchid Pharma 32.67% Orchid Pharma , (Cephalosporins) . (R&D) . WPIL 32.25% WPIL . , . Tilaknagar Industries 30.8% Tilaknagar Industries , IMFL (Indian Made Foreign Liquor) . , , . Banco Products (India) 30.58% Banco Products . , . Senco Gold 28.21% Senco Gold , , . . Suyog Telematics 28.15% Suyog Telematics . , . . Concord Biotech 27.71% Concord Biotech . , , . Zaggle Prepaid Ocean Services 26.82% Zaggle Prepaid (FinTech) SaaS (Software-as-a-Service) , Prince Pipes & Fittings 25.62% Prince Pipes & Fittings . , - . Gensol Engineering 25.57% Gensol Engineering (Solar Energy) , (Solar EPC) . , . Lincoln Pharmaceuticals 25.27% Lincoln Pharmaceuticals , . , -, . Suraj Estate Developers 25.