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Sectors in Focus

Major Corporate Developments This Week

RESULTS / EARNINGS & GUIDANCE

1. FSN E-Commerce Ventures Limited – Net Profit at Rs 67.74 cr vs Rs 26.41 cr, Revenue at Rs 2872.26 cr vs Rs 2267.21 cr (YoY)
2. Bharti Hexacom Limited – Net Profit at Rs 473.70 cr vs Rs 260.90 cr, Revenue at Rs 2359.80 cr vs Rs 2250.70 cr (YoY)
3. Hitachi Energy India Ltd – Net Profit at Rs 261.42 cr vs Rs 137.38 cr, Revenue at Rs 2082.21 cr vs Rs 1620.27 cr (YoY)
4. Mazagon Dock Shipbuilders – Net Profit at Rs 879.78 cr vs Rs 807.04 cr, Revenue at Rs 3601.09 cr vs Rs 3143.62 cr (YoY)
5. LIC – Net Premium Income up 17.4% at Rs 1.26 Lakh crore, Net Profit at Rs 12,930 crore versus Rs 11,009 crore
6. Tata Elxsi Ltd – Net Profit at Rs 108.89 cr vs Rs 199.01 cr, Revenue at Rs 953.47 cr vs Rs 939.17 cr (YoY)
7. ICICI Lombard General Insurance Company Ltd – Net Profit at Rs 659 cr vs Rs 724 cr, NPE at Rs 5685 cr vs Rs 5045 cr (YoY)

ORDERS / MoUs / PROJECT WINS / CAPEX

1. Thomas Cook (India) – Thomas Cook India Signs MoU with the Government of Gujarat to Boost & Promote Gujarat’s Domestic Tourism
2. Indofast – Company will set up a network of 23 battery swapping stations along the Mumbai Metro Aqua Line 3 corridor under a partnership with MMRCL
3. Euphoria Infotech – Company bags ₹17.83 Cr IoT Project from Webel Tech
4. Happy Forgings – Company leases 80 Acres for Solar Power Plant Expansion
5. Endurance – Company gets Maharashtra PSI-2019 mega project addendum: incentive eligibility raised to Rs 858.29 Cr (up Rs 252.26 Cr) via SGST refund + electricity duty exemption till Sep’31
6. NLC India – Company has signed a non-binding MoU with Gujarat govt for large-scale renewable energy projects
7. Interarch – Company received Rs 130 crore order
8. Indian Hotels – Company announced its foray into Tuticorin, Tamil Nadu, with the signing of a 100-key Greenfield Ginger hotel
9. GMR Airports – GMR Aero Cargo and Logistics announced the launch of India’s first-of-its-kind airside reefer truck at RGIA
10. Arvind Smartspaces – Company adds a new residential high-rise project in Bengaluru with a top-line potential of Rs. 860 crore

CORPORATE ACTIONS / MAJOR UPDATES

1. Kirloskar Ferrous – Company informed that operations resumes in Maharashtra plant
2. Tata Motors PV – Passenger vehicle sales in India are expected to grow around 10 per cent in 2026, extending momentum from GST rate cuts
3. Paytm – Company completed acquisition of 100% stake of Fincollect Services from Urja Money and incorporated Paytm Europe Payments SA
4. Sagar Cements – Company sells 7.76% stake of Andhra Cements via OFS
5. Kotak Mahindra Bank Ltd – Ex-Date Today, Stock Split from Rs.5/- to Rs.1/-
6. Ajmera Realty & Infra India Ltd – Ex-Date Today, Stock Split from Rs.10/- to Rs.2/-
7. Best Agrolife Ltd – Ex-Date Friday, Bonus issue 1:2 and Stock Split from Rs.10/- to Rs.1/-
8. Tata Consultancy Services Ltd – Ex-Date Friday, Interim Dividend Rs. 11 and Special Dividend Rs. 46
9. Thirumalai Chemicals – ICRA Limited has downgraded the credit ratings for several instruments of the Company

TechnoFunda Investing Quote from Legends -

Warren Buffett’s quote, "Time is the friend of the wonderful business, the enemy of the mediocre," highlights the power of compounding and business quality over the long term. A wonderful business — one with strong fundamentals, competitive advantages, and consistent growth — becomes even more valuable as time passes, rewarding patient investors with expanding profits and wealth. On the other hand, a mediocre business struggles to grow or maintain its position, and over time, its weaknesses get exposed, often leading to stagnation or decline. In investing, time magnifies the gap between good and bad businesses.

The Compounding Life Newsletter - by Vivek Mashrani

The TechnoFunda Circle

📚 Book I'm Reading This Week Just Keep Buying Just Keep Buying by Nick Maggiulli is a practical, data-driven guide to building wealth through consistent investing and smart money decisions. Drawing from real-world analysis and personal finance research, Maggiulli challenges common myths around saving, investing, and timing the market, offering readers simple, actionable strategies to grow their wealth over time. With a focus on making steady progress rather than chasing perfection, the book emphasizes the power of continuous action — encouraging readers to prioritize consistent investment habits above all else to achieve long-term financial success. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

The Hidden Cost of Holding On – Why Knowing When to Exit is a Superpower in Investing

In investing, we often focus heavily on what to buy and when to buy.

But rarely do we spend enough time asking:

👉 "When should I let go?"

Holding onto a poor investment comes at a much higher cost than just the unrealized loss.

It silently eats away at your capital, your future returns, and your mental bandwidth.

Let’s understand why letting go — even when it's hard — is one of the most powerful decisions you can make as an investor.

🔎 The True Costs of Holding On Too Long

🔹 Opportunity Cost:

Money stuck in a stagnating or declining stock could have been invested in better opportunities.

Every day you hold a poor performer, you lose the chance to ride a stronger trend somewhere else.

🔹 Time Cost:

Compounding needs time.

The longer your capital is tied up in a non-performing asset, the more you delay the wealth-creation journey.

🔹 Mental Cost:

Dead stocks drain emotional energy.

Constantly worrying about “when it will recover” prevents you from thinking objectively and acting decisively elsewhere.

🔹 Anchoring Bias:

Holding onto a loser often comes from the mental trap of wanting to "get back to your buy price," instead of reassessing whether the business still deserves your trust and capital.

🔹 Lost Compounding Potential:

Imagine keeping ₹1 lakh stuck in a stock that returns 0% over 5 years, while another opportunity compounded at 15%.

The cost isn’t zero. It’s a loss of over ₹1 lakh in missed gains.

🛑 Common Reasons We Hold Onto Bad Investments

• “It’s just a paper loss. I haven’t really lost anything yet.”
• “It’s bound to recover someday.”
• “Selling now would mean admitting I was wrong.”
• “What if it bounces back after I sell?”

These emotions are real — but acting on them can be financially devastating.

📈 A Smarter Way to Think About It

✅ Always ask yourself:

“If I had cash instead of this stock today, would I buy it again?”

If the answer is no, it’s a strong signal that you should exit.

✅ Remember:

Selling a bad stock is not a failure.

It’s an active choice to protect and grow your future wealth.

✅ Good investors are not attached to their past decisions.

They focus on what will make them wealthier tomorrow, not on recovering yesterday’s mistakes.

💬 Key Takeaway

Investing isn't just about riding winners — it’s equally about cutting losers quickly.

Capital preservation and emotional discipline are the bedrock of long-term success.

“You don’t have to recover your losses from the same place you lost them.”

Letting go is not a weakness.

It’s the strength of thinking forward, not backward.

🚀 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 🎯 11:27 AM • Dec 20, 2025 0 Retweets 4 Likes Read 1 replies ​ 📷 Instagram: Working hard, but return still disappointing?​ 🔗 Linkedin: Corrections don’t destroy wealth. Confusion does.​

🎙️ My Weekly Podcast For You

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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