A SEBI registered Research Entity (INH000018407) specialising in Investment and Trading solutions across asset classes.

Joined February 2025
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🟒 CarTrade Tech Ltd (CARTRADE) πŸš— CarTrade Tech Launches 'CarTrade Used Auto' Platform CarTrade Tech launched 'CarTrade Used Auto', a unified platform integrating CarWale and OLX India for buying, selling, exchanging, and financing used cars, targeting approximately 2 million annual transactions worth nearly Rs. 1.2 lakh crore per annum. πŸ“ˆ The company already hosts over 63% of India's online used-car listings and commands 85 million monthly active users, giving it significant scale advantages in the fragmented used-vehicle ecosystem. πŸš€ The launch deepens CarTrade's grip on the used-car value chain through an asset-light, technology-led model while unlocking transaction-based revenue streams and financing opportunities. The initiative is backed by a debt-free balance sheet and cash reserves of Rs. 1,145 Cr. πŸ“Š MCap: Rs. 8,622 Cr πŸ“ˆ PE: 37.81 🎯 ROCE: 11.84%
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🟑 Smartworks Coworking Spaces Ltd (SMARTWORKS) 🏒 Adds Over 15,000 Sq Ft of Managed Office Space in Singapore Smartworks added over 15,000 sq ft of managed office space at Manulife Tower, Singapore, taking its total footprint in the city-state to more than 50,000 sq ft. πŸ“ˆ The expansion is modest relative to the company's global operational portfolio of ~16.1 million sq ft across 66 centres as of March 31, 2026, but reinforces its international growth strategy. 🌏 The company, which reported FY26 revenue of Rs. 1,796 Cr ( 31% YoY) and achieved its first full year of PAT profitability, continues to target GCCs and Fortune 500 clients across global markets. πŸš€ With a net cash balance sheet and strong occupancy momentum, the incremental capacity strengthens Smartworks' presence in Singapore without materially altering its leverage or overall capacity profile. πŸ“Š MCap: Rs. 5,164 Cr πŸ“ˆ EV/EBITDA: 8.03 🎯 ROCE: 8.30%
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🟒 Embassy Developments Ltd (EMBDL) πŸ—οΈ Embassy Developments appoints Leighton Asia for Rs. 850 Cr construction contract at Embassy Citadel Embassy Developments appointed Leighton Asia for a Rs. 850 Cr construction contract at its Embassy Citadel project in Worli, Mumbai β€” a 1.6 msf luxury residential tower with a GDV of Rs. 8,800 Cr. πŸ“ˆ The award deepens the company's entry into Mumbai's residential market, adding to a portfolio that already manages ~38 msf across 40 projects with a total GDV of Rs. 49,200 Cr and a 0.3x D/E ratio. πŸš€ The contract represents 9.9% of the company's Rs. 8,601 Cr market cap and anchors one of the Rs. 22,150 Cr upcoming launch pipelines, strengthening execution visibility in a key growth market. πŸ“Š Contract / MCap: 9.9% πŸ’° MCap: Rs. 8,601 Cr 🏦 D/E: 0.54 🎯 ROCE: -2.38%
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🟑 Deccan Gold Mines Ltd (DECNGOLD) βš–οΈ Supreme Court Order Dated June 9, 2026 on Mining Lease Rights The Supreme Court of India, in a June 9, 2026 order, held that mining lease applications filed before the 2015 amendments with prior approvals retain vested rights, a ruling Deccan Gold Mines is now evaluating for its Ganajur project. πŸ“ˆ The company has capitalised Rs. 35.25 Cr on the project and raised Rs. 314.70 Cr via a December 2025 rights issue, but the mining lease remains in legal limbo pending further court decisions and statutory clearances. πŸš€ The order, if applied favourably, could unlock a development pathway for the Ganajur project, with management previously guiding ~30 months to first gold production. πŸ“Š MCap: Rs. 2,827 Cr πŸ“š P/B: 5.70 🏦 D/E: 0.10
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🟒 G R Infraprojects Ltd (GRINFRA) πŸš† GR Infraprojects Receives Appointed Date for Rs. 1,897.51 Cr Railway EPC Contract G R Infraprojects received the appointed date for a Rs. 1,897.51 Cr railway EPC contract on the Sidhi-Singrauli new rail link. πŸ“ˆ The project is worth nearly 10% of the company's Rs. 19,179.90 Cr order book as of March 2025, when railways accounted for just 4% of the order mix. πŸš€ The 900-day project validates management's diversification strategy beyond its 74% highway concentration, expanding the railway vertical from Rs. 900.61 Cr to over Rs. 2,798 Cr in the executable pipeline. πŸ“Š Order / MCap: 20.9% πŸ’° MCap: Rs. 9,088 Cr πŸ“ˆ EV/EBITDA: 6.65 🏦 D/E: 0.52
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🟒 City Union Bank Ltd (CUB) 🎁 City Union Bank Allots 24,76,96,809 Bonus Shares in 1:3 Ratio City Union Bank allotted 24,76,96,809 bonus equity shares in a 1:3 ratio, capitalizing reserves and increasing its equity base by a third. πŸ“ˆ The bank, which reported a CRAR of 20.13% in Q3 FY26 and strong 21% YoY growth in both advances and deposits, continues to demonstrate robust capital strength and balance sheet resilience. πŸš€ The bonus issue enhances liquidity for shareholders while retaining the bank's strong capital buffers, reflecting management's confidence in the bank's growth trajectory. πŸ“Š MCap: Rs. 18,477 Cr πŸ“š P/B: 1.75 🎯 ROA: 1.52%
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🟑 Sharp India Ltd (SHARP) πŸ”„ Open Offer for 25.00% Stake at Rs. 10.00 Per Share Smart Services Private Limited launched an open offer for up to 25% of Sharp India at Rs. 10.00 per share, following its purchase of a 75% stake from Sharp Corporation, Japan on June 2, 2026. πŸ“‰ Sharp India is a non-operating shell with zero revenue since 2015 and a net worth of negative Rs. 136.41 Cr as of December 2025, making the Rs. 6.49 Cr offer largely procedural in nature. πŸš€ The transaction completes a change in control and provides Smart Services with a ready-listed platform for diversification, particularly after a ~Rs. 145 Cr debt restructuring significantly cleaned up the balance sheet. πŸ“Š Offer / MCap: 2.4% πŸ’° MCap: Rs. 269 Cr πŸ’Ή CMP: Rs. 103.51
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🟒 SEPC Ltd (SEPC) πŸ—οΈ SEPC Secures Rs 673.32 Cr Order from SAIL for Steel Plant Expansion SEPC bagged a Rs 673.32 Cr order from SAIL for the 4.08 MTPA Crude Steel Expansion Project at Burnpur, adding to its record consolidated order book of Rs 10,455 Cr as of December 2025. πŸ“ˆ The contract, split into Coke Oven and Sinter Plant packages with a 30-33 month execution window, represents 45.6% of the company's market capitalisation. πŸš€ The award deepens SEPC's industrial EPC positioning in the steel sector while strengthening long-term revenue visibility and execution pipeline. πŸ“Š Order / MCap: 45.6% πŸ’° MCap: Rs. 1,476 Cr 🎯 ROCE: 6.08% 🏦 D/E: 0.19
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🟒 Bharti Airtel Ltd (BHARTIARTL) 🌍 Shareholders Approve Preferential Issue for 16.31% Airtel Africa Stake Bharti Airtel shareholders overwhelmingly approved a cashless share swap to acquire a 16.31% stake in Airtel Africa from promoter group Indian Continent Investment, lifting effective holding to ~79%. πŸ“ˆ The Rs. 28,220 Cr transaction is leverage-neutral and immediately EPS-accretive, consolidating the group's ownership in a high-growth asset with low teledensity of ~45%. πŸš€ The move deepens Airtel's exposure to Africa's structural tailwinds and aligns with management's stated ambition to eventually own up to 90% of Airtel Africa. πŸ“Š MCap: Rs. 11.40L Cr πŸ“ˆ EV/EBITDA: 10.63 🏦 D/E: 1.31
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Front Wave Research retweeted
Not a single visible U.S. Air Force tanker near the Strait of Hormuz for the first time in several weeks.
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β˜€οΈ Front Wave Morning Pulse: NIFTY set to open 70 points in the green; 0.3% up IN10Y below 6.9%… consolidating at lower levels - a great sign WTI OIL at 80$, failing to move higher - downtrend started. USDINR opens lower at 94.5… a downtrend will start once it cracks 94 levels. Gold silver copper with muted starts this morning
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Front Wave Research retweeted
*ANTHROPIC SUED OVER LIMITS ON ITS $200-A-MONTH AI PLANS: WSJ Lawsuit alleges Anthropic subscriptions provide less usage than advertised
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Front Wave Research retweeted
Futures are green. Iran deal is happening. Elon Musk is a Trillionaire. America's 250th summer has begun. Let’s have a Monday. 🀝

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Front Wave Research retweeted
ANTHROPIC TO MEET WITH TRUMP ADMIN TODAY OVER MYTHOS - CNBC
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SENIOR U.S. OFFICIAL: TRUMP, VANCE SIGNED MOU, SO DID IRANIAN PARLIAMENTARY SPEAKER
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πŸ“° Front Wave Market Insights - 15th June 2026 πŸ›’ Oil Enters Downtrend. Tailwinds Building For India The biggest story today wasn’t Nifty β€” it was oil. πŸ›’ WTI is now closer to $80 than $90 and the technical structure has flipped lower. If this trend continues, it becomes a major positive for India through lower inflation, softer yields and a stronger rupee. πŸ“Š Dashboard Updates: πŸ”Ό Realty upgraded to Strong πŸ”Ό Bank Nifty remains Strong Bank Nifty continues to justify its early upgrade, while Realty joins the leadership basket after a long time. πŸ’‘ What we’re watching next: β€’ OIL staying below 85$ levels β€’ USDINR below 94 β€’ Positioning into Realty Sector for the next trading bounce If those align, the tailwinds for Indian equities become significantly stronger. For now, stay with the leadership sectors and keep following the dashboard for the next set of upgrades.
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Front Wave Research retweeted
RUSSIA'S LAVROV ON EXPECTED U.S.-IRAN PEACE DEAL: WE HOPE THAT MEMORANDUM IS SIGNED THIS WEEK - IFX
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PETRONET LNG: COS LNG TANKER HAVE STARTED TO PASS STRAIT OF HORMUZ: SHIPPING DATA #BREAKING
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WAAREE ENERGIES:CO RECEIVES ORDER FOR SUPPLY OF 800MW SOLAR MODULES
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And scene MACRON: MARITIME COALITION READY TO DEPLOY IN HORMUZ IN DAYS
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