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Sectors in Focus

Major Corporate Developments This Week

1. Bharat Electronics Ltd received an additional order worth ₹596 crore since its last disclosure on January 1, boosting its order book and highlighting ongoing defence sector demand.
2. Power Grid Corporation of India has been declared the successful bidder under a tariff-based competitive bidding process to establish a new inter-state transmission system.
3. Indian Energy Exchange: Market Coupling case scheduled for hearing today at 10:30 am.
4. Nephrocare Health Services: About 1.9 million shares (2% of the company’s outstanding equity) will become eligible for trading as the shareholder lock-in period ends. Shares valued at ₹21.1 crore.
5. Bansal Wire Industries: About 31.3 million shares (20% of outstanding equity) will be free for trade after lock-in expiry. Shares valued at about ₹945 crore.
6. RVNL has received a ₹201.23 crore contract from East Coast Railway to set up a wagon POH workshop at Kantabanji, Odisha, with a capacity of 200 wagons over 18 months.
7. Sagar Cements plans to divest 8.14% stake in Andhra Cements via OFS to meet MPS norms. OFS opens Jan 9 (non-retail) and Jan 12 (retail).
8. Vedanta clarified that its contract extension request was rejected in Sept 2025. A writ petition has been filed in Delhi HC, which has ordered status quo.
9. Waaree Renewable Technologies received LoA for revised project capacity of 704 MWAC. Project value revised to ₹1,039 crore from ₹1,252 crore.
10. Astra Microwave Products (via JV Astra Rafael Comsys) secured ₹275.27 crore order from Indian Air Force for software integration in aircraft platforms.
11. Bharat Forge signed an MoU with Germany-based Agile Robots for AI-led industrial automation and smart manufacturing.
12. Bajaj Finserv completed acquisition of 23% stake in insurance businesses from Allianz SE for ₹21,390 crore.
13. Power Mech Projects secured ₹3,126 crore battery storage orders from WBSEDCL.
14. Prestige Estates Projects (through Canopy Living LLP JV) signed an Agreement to Sell for 16.381 acres of land at Padi, Chennai.
15. NHPC approved fund-raising up to ₹2,000 crore via non-convertible, non-cumulative AH-Series bonds through private placement.
16. Devyani International: Subsidiary Sky Gate Hospitality sold its entire 51% stake in Peanutbutter and Jelly to Heritage Foods.
17. Ugro Capital approved the amalgamation of its subsidiary Profectus Capital with the company.
18. Morepen Laboratories: Himachal Pradesh High Court stayed GST/Excise show-cause notice demanding ₹118 crore.
19. Highway Infrastructure signed a contract with NHAI for operations at Kaza Fee Plaza on NH-16 in Andhra Pradesh, takeover on Jan 23.
20. Reliance Industries board meeting on Jan 16 to consider Q3 and 9M unaudited results (ended Dec 2025).
21. Fusion Finance completed ₹800 crore rights issue.
22. Voltas approved extension of long-term incentive scheme (LTIS 2024) till FY28 from FY27.
23. Clean Science invested ₹50 crore in subsidiary Clean Fino-Chem.
24. Delta Corp subsidiary will discontinue Zuri White Sands Goa casino operations due to losses.
25. Lloyds Enterprises approved first and final call on partly paid-up shares at 50% of issue price (₹39).
26. AXISCADES Tech: Karnataka High Court quashed May 22, 2023 income-tax demand notice.
27. Panorama Studios signed pact with Mugafi for airborne rights of film Kuberaa and Hindi-dubbed version rights.
28. A B Infrabuild secured ₹54 crore order from East Coast Railway.
29. Venus Remedies received marketing authorisation in Indonesia for Ceftazidime–Avibactam combination.
30. Saatvik Green secured ₹20.8 crore order from a prominent solar developer.
31. Tata Motors: PV’s stake in SPV TP Paarthav reduced to 12.89%.
32. Hindustan Unilever (HUL) received tax demand of ₹1,560 crore from Mumbai tax authorities.
33. Brainbees Solutions: Subsidiary Swara Baby acquired 100% stake in Solis Hygiene.
34. UPL subsidiary acquired 25% stake in UPL Agro for $17.86 million.

TechnoFunda Investing Quote from Legends -

Jeremy Grantham's quote highlights a key psychological bias in human behavior—our tendency to react more quickly and intensely to fear than to rational analysis or historical patterns. In the context of investing, this means that even when data shows markets recover over time or certain strategies work consistently, investors are more likely to panic and make impulsive decisions during market downturns due to fear. Essentially, emotional triggers like fear often override logical thinking and historical perspective, leading to short-term, reactive behavior.

The Compounding Life Newsletter - by Vivek Mashrani

The TechnoFunda Circle

📚 Book I'm Reading This Week The Great Mental Models The Great Mental Models: General Thinking Concepts by Shane Parrish and the Farnam Street team is a practical guide to improving decision-making and critical thinking by mastering foundational mental models. The book introduces timeless concepts drawn from disciplines like physics, biology, and philosophy, such as first principles thinking, inversion, and second-order consequences. By internalizing these models, readers can develop a clearer, more structured way of approaching complex problems, making better choices in both personal and professional life. It's the first installment in a series designed to help readers build a latticework of mental models for clearer thinking and smarter living. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

The Flywheel of Wealth

What is a Flywheel?

A flywheel is a powerful metaphor popularized by Amazon. It's a self-reinforcing loop where each element strengthens the others, driving continuous growth. Amazon’s famous flywheel focuses on lower prices, improved customer experience, and increased traffic, leading to more sellers, better selection, and thus further fueling growth.

Introducing the Flywheel of Wealth

Taking inspiration from Amazon’s concept, we have the "Flywheel of Wealth"—a continuous loop designed for personal financial growth, built around fundamental investing practices and behavioral insights.

Components of the Flywheel of Wealth:

1. Wealth at the Core: At the center lies your wealth creation goal, driving the entire process.

2. Action Taking: Fundamentals, Technical Analysis, and Psychology: Consistent action based on solid investment fundamentals, technical signals, and psychological discipline improves your investment efficiency.

3. Building and Fine-Tuning Investment Systems: Creating robust investment systems and continually refining them ensures systematic, disciplined investing.

4. Asset Allocation and Risk Management: Regularly adjusting your asset allocation and managing risk by adding winners and cutting losers optimizes returns and safeguards your capital.

5. Portfolio Construction and Reflection: Actively building your portfolio and reflecting on your actions through an investment journal leads to continuous learning and improved outcomes.

6. Capital Appreciation and Reinvestment: Generated portfolio returns are reinvested for enhanced capital appreciation, compounding your wealth exponentially.

7. Learning Mindset and Continuous Improvement: Embracing a lifelong learning mindset, regularly upgrading your investment skills, and using effective tools leads to further improved efficiency and effectiveness.

How it Works:

Each step in the Flywheel reinforces the next. As you improve your investing systems, your actions become more efficient, producing better returns. Improved returns allow for better risk management and more informed reflections, further enhancing your capital growth. This capital is reinvested, increasing your wealth and reinforcing your learning mindset. Over time, this continuous reinforcement creates exponential growth—much like a flywheel gathering momentum.

In essence:

• Consistent Actions → Better Systems → Optimized Risk and Allocation → Capital Growth → Reinvestment and Reflection → Continuous Learning and Improvement

Harnessing this flywheel framework can empower you to steadily build substantial wealth over time.

🚀 My Content For This Week 🎬 Metals and Mining | Technofunda Analysis​ ​ 📋 Twitter: Vivek Mashrani, CFA @MashraniVivek “You don't have to pee on an electric fence to learn not to do it” ― Charlie Munger You don't need to go through pain and losses. Here are 10 Hard-Hitting Lessons that Transformed my investing journey 🎯 4:57 PM • Dec 20, 2025 0 Retweets 4 Likes Read 1 replies ​ 📷 Instagram: The biggest risk in investing isn’t volatility. It’s changing your plan every few weeks.​ 🔗 Linkedin: The biggest risk in investing isn’t volatility. It’s changing your plan every few weeks.

🎙️ My Weekly Podcast For You

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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