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Sectors in Focus

Major Corporate Developments This Week

1. TCS: The IT company announced a five-year deal with SAP to drive enterprise-wide Cloud and Generative AI transformation. Under the partnership, the company will streamline SAP’s IT landscape, enable smoother operations, and strengthen AI-led capabilities—aiming for faster development cycles, lower costs, and better alignment between IT and business goals.
2. Wipro: The company announced a multi-year deal with Odido Netherlands B.V. to modernise its IT landscape and enhance customer experience across enterprise and consumer segments. The partnership will use AI-led solutions to boost engagement, productivity and operational efficiency.
3. Eureka Forbes: The company targets Financial Year 2030 revenue of Rs 5,400–5,600 crore and Ebitda of Rs 800–850 crore, aiming for over 2x revenue and 3x Ebitda growth, with its robotics business projected to scale 25x by Financial Year 2030.
4. Zydus Life: The company has received tentative approval from the United States Food and Drug Administration (USFDA) for Empagliflozin and Linagliptin tablets, 10 mg/5 mg and 25 mg/5 mg.These tablets, used to improve glycaemic control in adults with type 2 diabetes mellitus, recorded annual sales of $215.8 million in the United States (as per IQVIA MAT September 2025).
5. Refex industries: The company receives a Rs 100 crore order from a large business conglomerate for the supply of bottom ash and related services.
6. Adani Enterprises: The company’s arms, Adani Defence Systems and Horizon Aero Solutions, sign a pact to acquire a 72.8% stake in Flight Simulation Technique Centre for an enterprise value of Rs 820 crore.
7. Global Health : Medanta has expanded its NCR footprint with a new 550-bed super speciality hospital in Noida. Located in Sector 50 with metro connectivity, the facility houses 200+ doctors and 25+ super specialities, along with advanced ICUs and operating theatres.
8. Bajaj Healthcare: The company has appointed industry veteran Shreekumar Shankarnarayan Nair as its Chief Operating Officer, effective immediately. Approved via a board circular on November 27, his appointment brings over 40 years of pharma leadership experience, including senior roles at Alembic and Glenmark.
9. Sona Comstar: Company to apply for India's rare earth scheme, seeks foreign tech partners
10. Rainbow Hospitals: Company targets 3,165 beds by FY29, eyes high-birth North India as key growth engine
11. SeQuent Scientific: Company changes name to Viyash Scientific
12. Whirlpool India: Promoter Whirlpool Mauritius likely to sell up to 95 Lk shares (7.5%) in company via block at a floor price of Rs 1,030/ share. The price is 14% discount to current market price. Total transaction value estimates at around $110 million.
13. Vatech Wabag: Government officials has stalled the funds for Jal Jeevan Mission and clarified that no decision on further allocation will be taken until states demonstrate corrective action. Negative read through for Va tech wabag and other Water companies. N
14. Jammu & Kashmir Bank : The Board has approved raising equity share capital of up to Rs 750 crore in one or more tranches via Qualified Institutional Placement (QIP), and raising up to Rs 500 crore via non-convertible debentures on a private placement basis.
15. Asian Paints: Berger Paints Emirates Ltd Co (L.L.C), UAE, a step-down subsidiary of Asian Paints International Private Limited, Singapore, a wholly owned subsidiary of the company, proposes to set up its second paint manufacturing facility in UAE with an investment of AED 140 million (~Rs. 340 crore), having an initial capacity of 55,800 KL per annum.
16. Patel Engineering: Received two LOIs for excavation & related works at Jhiria West OCP (Chhattisgarh) for SECL, valued at Rs 798.19 Cr (ex-taxes). Scope of the project : Overburden removal, coal cutting, loading, transportation, and equipment maintenance. Execution timeline is around 9 years.
17. Metal Companies: The Union Cabinet has approved a scheme to establish India's first integrated ecosystem for manufacturing Sintered Rare Earth Permanent Magnets (REPM), which are essential components in electric vehicles, wind turbines, defence systems and aerospace technologies. This initiative aims to create domestic capacities and reduce imports. It also focuses on green technologies.
18. Zen Technologies: Company received ₹108 Cr MoD Contract for Tank Simulators
19. Titagarh Rail: Company is planning to enter the wagon leasing business as it aims to expand its presence in the private sector by offering long-term lease models: PTI report.
20. Paras Defence and Space Technologies: The company has signed a Memorandum of Understanding (MoU) with the Inter-University Accelerator Centre (IUAC), New Delhi. Paras and IUAC will combine their respective capabilities to develop a commercial-grade MRI magnet system for indigenous manufacturing in the country, making India self-reliant in superconducting MRI magnet technology.
21. Sunteck Realty: The company has forayed into Dubai with a Rs.10,000-crore luxury project in Downtown Dubai. Through Sunteck International, it will develop two premium residential towers on a 2.5-acre site with MAS Real Estate, featuring high-end and branded residences. The project is planned for a 2026 launch.
22. Eris Lifescience : The company is set to buy the remaining 30% stake in its subsidiary, Swiss Parenterals, from Naishadh Shah for Rs 423.3 crore. In exchange, the company will issue 23.06 lakh shares on a preferential basis to Naishadh Shah

TechnoFunda Investing Quote from Legends -

Robert D. Arnott's quote, "In investing, what is comfortable is rarely profitable," emphasizes the idea that successful investing often requires stepping outside of one's comfort zone. Comfortable decisions usually align with popular trends or low-risk options, which can lead to mediocre returns.

The Compounding Life Newsletter - by Vivek Mashrani

The TechnoFunda Circle

📚 Book I'm Reading This Week Skin in the game Citizens, artisans, police, fishermen, political activists and entrepreneurs all have skin in the game. Policy wonks, corporate executives, many academics, bankers and most journalists don't. It's all about having something to lose and sharing risks with others. In his most provocative and practical book yet, Nassim Nicholas Taleb shows that skin in the game, often seen as the foundation of risk management, in fact applies to all aspects of our lives. In his inimitable style, Taleb draws on everything from Antaeus the Giant to Hammurabi to Donald Trump, from ethics to used car salesmen, to create a jaw-dropping framework for understanding this idea. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

Sunk Cost Fallacy

What is the Sunk Cost Fallacy?

The Sunk Cost Fallacy is when we continue investing in a project, stock, or asset, not because of its current or future potential, but because we've already invested significant time, money, or resources into it. The fallacy lies in the belief that we need to "recoup" our past investments, even when the best decision might be to cut our losses and move on.

Why Does This Happen?

Humans are naturally loss-averse. We tend to fear losses more than we value gains. When we invest in something, whether it’s a stock, business, or even a relationship, we become emotionally attached to it. The more we’ve invested, the harder it becomes to let go, even if the original reasons for our investment no longer hold true. This emotional attachment can cloud our judgment, leading us to make decisions that aren’t in our best financial interest.

Real-World Example:

Imagine you've invested in a stock that initially seemed promising, but over time, the company's performance has deteriorated. Despite the clear warning signs, you keep holding onto the stock, hoping it will rebound, simply because you've already invested a significant amount of money in it. This is a classic case of the Sunk Cost Fallacy at play.

How to Overcome It?

1. Reevaluate Regularly: Periodically reassess your investments without considering the amount already invested. Focus on the current and future potential.
2. Set Clear Goals: Have a defined exit strategy or stop-loss level for each investment. If the stock hits that point, be disciplined enough to exit, regardless of past investments.
3. Stay Rational: Remind yourself that past costs are irrecoverable and should not influence future investment decisions.

Understanding and overcoming the Sunk Cost Fallacy can lead to more rational and profitable investment decisions. Remember, the best investors know when to let go and move on to better opportunities.

🚀 My Content For This Week 🎬 Ride Winning Stocks | Technofunda Q2FY26 Earnings Analysis​ ​ 📋 Twitter: Vivek Mashrani, CFA @MashraniVivek Ever heard the saying, “During a gold rush, sell shovels”? What if you could apply the same idea to your investments? Welcome to proxy investing — where instead of chasing the trend, you back the silent winners powering it behind the scenes. And in today’s world, the biggest 11:14 AM • Nov 15, 2025 0 Retweets 4 Likes Read 1 replies ​ 📷 Instagram: 7 Timeless Lessons That Will Transform Your Investing Journey.​ 🔗 Linkedin: You just need a system where your losses stay tiny and your winners run big.​

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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