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Simple Energy, an electric two-wheeler manufacturer, is planning an IPO by FY27 to raise 3,000 crore for market expansion, a new manufacturing unit, and R&D. The company aims to increase its touchpoints from 15 to 500 in the next two years and targets 800 crore in revenue in FY26.
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Kotak AMC's Nilesh Shah notes that global support and potential US warnings have eased market concerns following geopolitical tensions. Strong FPI inflows, returning sooner than expected, and robust domestic flows are driving the market's upward trend. The Indo-UK FTA, which opens up UK export markets, further boosts market confidence, overshadowing potential worries.
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Tyre major MRF Ltd declared a final dividend of Rs 229 per share for FY25, taking the total payout to Rs 235. Q4 results showed a 31% YoY jump in net profit to Rs 498 crore and a 12% rise in revenue to Rs 6,944 crore. EBITDA rose 18%, with margins at 15%.
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