Kusumgar plans a ₹650 crore offer for sale, reducing promoter stake to 75.4%. The engineered fabrics manufacturer boasts strong EBITDA margins, exceeding its listed peers. Revenue declined in FY26 due to deferred orders and US tariffs impacting exports. Operating cash flow improved significantly after a deficit in the prior year. Investors with high-risk appetite may consider this issue for long-term.
Only 2 of 23 mutual fund themes gained in August; IPO, defence stay green as auto, railways and tech slide : Report
Only two of 23 mutual fund themes, IPO and defence, gained in August as domestic equities faced broad-based pressure, according to Vallum Capital. Auto, railways