Business
Will Sedemac’s IPO deliver long term growth for high-risk investors?
Business
Incorporated in 2007, Sedemac is a Pune-based company which designs and manufactures powertrain controllers, motor control products, and integrated starter-generator (ISG) solutions for automotive and industrial applications. The company provides patented sensor-less motor control technology, enabling precise performance without external sensors for both engine-powered and electric bicycles and three-wheelers. It has two manufacturing facilities in Pune with 94% and 81% capacity utilisation. It has two upcoming facilities, yet to be operational.
Agencieslist of parts: Co has strong numbers, and is adding capacity. But IPO more suitable for high-risk investors due to revenue concentration
Financials
Between FY23 and FY25, revenue grew by 24.8% annually to ‘658.4 crore and net profit jumped 134.3% to ’47 crore. Operating profit before interest, tax, depreciation and amortisation (Ebitda) grew 51.8% to ‘125.1 crore while Ebitda margin expanded to 19% from 12.8% during the period. Around 91% revenue comes from the top three customers. Return on equity (ROE) grew to 22% in FY25 from 7.8% in FY23. For the nine months ended December 2025, revenue and net profit were Rs 770.7 crore and Rs 71.5 crore, respectively. Though research & Development (R&D) expenses increased to Rs 53.8 crore during the nine months ended December 2025 from Rs 43.5 crore in FY23, R&D spend as a percentage of revenue declined to 7% from 10.3%.
Valuation
Considering the post-IPO equity and annualised profit for FY26, the price-earnings (P/E) multiple is 62.7. While it may not have a direct peer in the strict sense, some of the auto ancillary companies, including ZF Commercial Vehicle Control Systems India and Sona BLW Precision Forgings trade at forward P/Es of 56 and 54 respectively.
Business
WrestleMania 42 Night 2: Has Brock Lesnar Retired?
It seems Brock Lesnar has retired.
Following his loss to Oba Femi during the second night of WrestleMania 42, Lesnar left his gloves and wrestling boots in the ring, a typical sign of retirement that fans last saw when AJ Styles retired in January.
Brock Lesnar Leaves Gloves, Boots in the Ring
Lesnar stayed seated in the ring after the match, soon shocking fans in attendance and watching at home when he began to remove his gloves. Fans soon began to voice their disapproval, continuously chanting “No!” as he went.
A visibly emotional and crying Lesnar then began to remove his boots before leaving them, along with the gloves, at the center of the ring.
Paul Heyman eventually entered the ring, and Lesnar made an “x” sign with his arms before the two shared a hug.
Lesnar waved to the crowd and bowed in gratitude before leaving the ring as chants of “Thank you, Lesnar” echoed throughout the arena.
Is This It for Lesnar?
If his actions in the ring truly meant that his match against Femi is his final match, Lesnar joins the list of recently-retired WWE legends.
It can be recalled that John Cena retired in December after tapping out to Gunther. AJ Styles likewise retired in January after a match with “The Career Killer.”
Fan reaction online has been swift as many grappled with the idea that Lesnar his retired, with many expressing their gratitude to one of the greatest combat athletes WWE has ever seen.
One fan on X expressed shock by saying, “4 minutes 45 seconds for what could be Brock’s last match??”
“Brock hasn’t retired yet,” another fan said. “We will see on Raw when Gunther confronts him.”
One pointed out a sad truth for a generation of WWE fans by saying, “Lesnar, Styles, & Cena all announced their retirement in the span of four months.”
Originally published on sportsworldnews.com
Business
National Australia Bank hikes credit provisions on Iran war; flags $961 mln charge

National Australia Bank hikes credit provisions on Iran war; flags $961 mln charge
Business
CStone presents preclinical data on three ADC candidates at AACR

CStone presents preclinical data on three ADC candidates at AACR
Business
Traders ready to put war behind, dial up the risk
In the first half of April, investors bought a net $500 million of bonds in the lowest tier of investment grade, and sold $7.3 billion of the higher tiers, according to JPMorgan Chase & Co. That helped BBB bonds perform comparatively better than higher-rated notes, pushing the gap between spreads for BBB and A corporates to the tightest since before the war.
There may be good reason for these slightly riskier bonds to be performing better: BBB rated companies have outperformed analysts’ average forecasts more than A companies have, according to a Bloomberg News analysis.
Buyers are hoping a more lasting peace in West Asia can be forged by negotiators, and that companies in the lower edges of investment grade can keep performing well.
“There is some value in the BBB space and issuers there have been good stewards of the balance sheet and generally improving credit quality,” said Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments.
Investors have also been snatching up junk bonds, although with a preference for the higher-rated end of the spectrum, implying that money managers still see risk ahead even as they grow moderately more hopeful. Overall spreads for junk bonds are at their tightest since the war began, averaging 2.72% as of Thursday’s close.
Business
Nifty has a bit of momentum, but faces resistance at 24,300-24,700
ROHAN SHAH
TECHNICAL ANALYST, ASIT C MEHTA INVESTMENT
Where is Nifty headed this week?
Nifty staged a strong comeback this month after a prolonged four-month decline, supported by easing geopolitical tensions and lower crude prices. The index has approached a resistance band of 24,300–24,700, which aligns with multiple technical studies. However, sustained strength above this zone is essential for the continuation of the upward momentum, potentially paving the way toward 25,500. Inability to hold above this zone may trigger profit booking, dragging the index lower towards 23,500–23,200. Trading Strategy: Buy Nifty futures above 24,700 for an upside target of 25,500, maintaining a stop-loss below 24,250.
TOP STOCK BETS
Jubilant FoodWorks
Buy at CMP Rs 459 | Stop-loss Rs 420 | Target Rs 525
The stock shows early reversal signs, backed by one-year high volumes and a high-wave candle near a demand zone, indicating selling exhaustion. The Rs 420–440 zone is key support; RSI shows bullish divergence.
Maruti Suzuki India
Buy at CMP Rs 13,453 | Stop-loss Rs 12,500 | Target Rs 15,500
The stock has witnessed a strong rebound after confirming a bullish ABCD harmonic pattern. The formation of a cup-and-handle pattern alongside improving volumes signals accumulation. RSI holding above its breakout level suggests a positive bias.
AgenciesAJIT MISHRA
SVP – RESEARCH, RELIGARE BROKING
Where is Nifty headed this week?
Nifty is now approaching key moving averages (100 and 200 DEMA) in the 24,600– 24,800 zone. Sustained strength above this band could open room for further upside towards 25,200. In case of profit booking or consolidation, the 23,700–24,000 zone is likely to provide strong support.
Trading Strategies: For the short term, traders may consider a “buy on dip” approach in the 24,150–24,250 range, with a stop-loss at 23,900 and potential targets of 24,800 and 25,200. Among sectoral themes, the Nifty Energy Index has witnessed a fresh breakout after spending more than one-anda-half years in a consolidation phase. Participants can consider playing this theme through an ETF, i.e., Mirae Asset Nifty Energy ETF. It is currently trading at Rs 39.11, and one can accumulate it in the Rs 37–40 zone with a stoploss at Rs 34 for a positional target of Rs 52.
TOP STOCK BETS
Federal Bank Buy. CMP Rs 293 | Stop-loss Rs 278 | Target Rs 325
Federal Bank is in a steady uptrend with higher highs and lows post-base formation. A strong breakout near the 200-DMA signals a sentiment shift; price holds above key averages, with RSI supporting continuation.
JSW Energy
Buy. CMP Rs 538 | Stop-loss Rs 504 | Target Rs 598
JSW Energy is in a stage-2 uptrend, consolidating after a strong rally. The range-bound move near the 200-DMA suggests a healthy pause, with price now attempting an upward breakout supported by improving momentum.
RAJESH PALVIYA
HEAD OF TECHNICAL AND DERIVATIVES, AXIS SECURITIES
Where is Nifty headed this week?
Nifty is fast approaching 24,415—the upper boundary of the bearish gap etched on March 9. A conviction close above 24,500, however, could open the floodgates. The next logical pit stops are 24,762— the 61.8% Fibonacci retracement of the Feb March decline—and the psychologically significant 25,000 mark. A slip below the 24,000–23,900 support band would be a warning shot, potentially dragging the index back to retest its weekly low of 23,555. Traders on the long side would do well to respect this floor. The overall outlook remains positive, as the weekly RSI continues to stay above its reference line. This indicates that positive momentum is still intact and not yet exhausted.
Trading Strategies: The recommended strategy for Nifty options for the April 28, 2026, expiry is a call spread, ideal for a moderately bullish market outlook. The trader buys one lot of the 24,400-strike Call option at a premium of Rs 260–240 and simultaneously sells one lot of the 24,700-strike Call option at a premium of Rs 130–150. This strategy limits both risk and reward, creating a defined range for outcomes. The break-even point is at 24,530, with a maximum potential loss of Rs 8,450 and a maximum profit of Rs 11,050.
TOP STOCK BETS
Mazagon Dock Shipbuilders
Buy at Rs 2,618, CMP Rs 2,620| Stop-loss Rs 2,550 | Target Rs 2,800-2,850
A breakout above Rs 2,430 signals a shift to a primary uptrend, with RSI strength confirming bullish momentum. Resistance lies at Rs 2,800–2,850; sustained strength could extend gains to Rs 3,000–3,050.
Polycab India
Buy at Rs 8,184, CMP Rs 8,188.50 | Stop-loss Rs 7,900 | Target Rs 8,600-8,900
An uptrend supported by a rising trendline and a doublebottom near Rs 6,650 underpins strength. Resistance at Rs 8,700; a breakout could target Rs 9,000+. Maintain Rs 7,600 as a stop-loss; below this, risks a breakdown.
Business
AMD: $600 Bullseye (NASDAQ:AMD) | Seeking Alpha
Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Modular Medical prices $3.4 million stock offering at $4.50/share

Modular Medical prices $3.4 million stock offering at $4.50/share
Business
Oil prices jump as Strait of Hormuz tensions escalate
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
Business
Monopar presents Phase 3 Wilson disease trial data at AAN meeting

Monopar presents Phase 3 Wilson disease trial data at AAN meeting
Business
Sutro presents preclinical data on ADC pipeline at AACR meeting

Sutro presents preclinical data on ADC pipeline at AACR meeting
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