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.
Wall Street warms to India’s markets as oil pressures fade
India had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock triggered by the