This week, Trump’s flip-flopping triggered three major market reversals in five days as gold, equities, and crypto fell in unison with no safe haven in sight. Multiple scenarios are taking shape depending on how long the Hormuz closure lasts

E-marketplace Rentomojo Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The company plans to raise Rs 150 crore via the issue of fresh equity.

The public offer will be a mix of issuing fresh shares and an offer for sale (OFS) where existing shareholders will offload up to 28,399,567 equity shares.

About Rentomojo

Rentomojo is an online rental and subscription platform for home furniture and appliances. Its promoter is Geetansh Bamania.The company operates a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and home appliances in India. The DRHP claims that the company is a market leader in this segment with an estimated 42%–47% share in the organised home furniture and appliances rental segment (excluding water purifiers) based on subscription revenue in the fiscal of 2025, with 2,27,511 live subscribers across 22 cities as of September 30, 2025, supported by a scaled service network that includes 21 warehouses and approximately 444,486 sq. ft. of warehousing space.

The company quoted a Redseer report to back its claims.
It operates an omni-channel platform comprising its online interface and 67 experience stores across India (as of September 30, 2025), offering flexible subscription access to furniture and appliances across a portfolio of 728,773 live products.
Also read: IPO Calendar: No fresh issues next week; Coal India subsidiary, 6 more companies set to debut

Rentomojo financials

The company’s revenue from operations stood at Rs 176.61 crore for the six months ended September 30, 2025, and Rs 266 crore for fiscal 2025, while restated profit after tax was at Rs 61.38 crore for the six months ended September 30, 2025 and Rs 43.11 crore for FY25.

IPO proceeds

The company has proposed to utilise the net proceeds from the initial public offer for multiple purposes, including the repayment or prepayment, in full or in part, of certain outstanding borrowings along with the accrued interest thereon availed by the company; the payment of lease rentals or license fees for its warehouses and experience stores (referred to as the “Premises”); and general corporate purposes.

Following its IPO, the stock will be listed on the NSE and BSE.

Lead managers

Motilal Oswal Investment Advisors Limited, Axis Capital Limited, and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the Book Running Lead Managers to the issue.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

With volatility on the rise and a truncated trading week ahead, market participants are closely watching technical signals for direction. While global cues and macro uncertainties remain fluid, charts indicate that the Nifty may continue to face downward pressure in the near term.

Technical analyst Nagaraj Shetti from HDFC Securities believes the trend remains firmly bearish.

“No doubt market is in a downtrend. Every rise is being sold. Lower tops and bottoms over the past month indicate bears are in control. The recent bounce near 23,400–23,500 has formed a lower top. Nifty could break 22,450 next week and slide towards 22,000 in the coming weeks.”

Weak Supports Amid Global Pressure

Despite intermittent recoveries, the underlying weakness persists, with global factors weighing heavily on sentiment.

“I do not think stability will come soon. Markets are echoing global pressure—rupee and crude are key concerns. The 22,450 level is just a psychological support. Given the bearish pattern, we could soon break below this level.”

Coal India Shows Relative Strength

Even in a falling market, some stocks are holding up better than the benchmark.“Coal India has corrected, but the trend remains positive with higher tops and bottoms. Around 430–435 is strong support. The stock could bounce back towards 475–480 in the near term.”

Stock Strategy: Buy Strength, Sell Weakness

Shetti suggests a balanced approach with opportunities on both sides of the market.

“Ather Energy is in a strong uptrend with consistent higher tops and bottoms. It has broken key resistance near 750–760. One can buy around current levels for a target of 850, with a stop loss at 760.”

“On the short side, BDL is weak with a clear bearish pattern. One can sell around current levels for a target of 1070, keeping a stop loss at 1160.”

Outlook

With multiple expiries and limited trading sessions ahead, volatility is likely to remain high. While selective stocks may outperform, the broader market trend continues to favour caution, with charts pointing towards further downside in the Nifty.

Moonshot AI, one of China’s most promising artificial-intelligence startups, is considering changing its corporate structure to pave the way for an initial public offering in Hong Kong, people familiar with the matter said.

The company is raising a new round of private funding that would value it at around $18 billion, some of the people said. A previous round of fundraising from global investors in December had valued the company around $4.3 billion.

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Recent market volatility has left many mutual fund investors questioning their decisions, especially those who started investing over the past couple of years. With portfolios slipping into losses and returns looking unimpressive in the short term, a common doubt is emerging—kya mutual fund sahi hai?

A query from Lari, a government teacher from Madhya Pradesh and a viewer of The Money Show on ET Now, reflects this sentiment. She says her mutual fund portfolio is down nearly 10% and she is struggling to see any benefit so far while investing in mutual funds.

Also Read | Equity mutual funds lose up to 48% on SIP investments in FY26. Have you added any to your portfolio?

According to financial expert Harshvardhan Roongta, this is a very common concern, particularly among new investors. Those who have entered the market in the last one or two years may even see negative returns in their SIP investments, leading to doubts about whether they made the right choice. Naturally, many begin comparing mutual funds with fixed deposits, wondering if a steady 6% return would have been a better option.

“So, you might question yourself thinking whether you have done the right thing because the common comparison that investors would have if after two years or three years they see their portfolio negative the first thing that comes to their mind is that it would be better if I put my money in fixed deposit, at least I would have got 6% per annum. So, these are the things that usually investors are definitely confused with,” the expert said.

However, this comparison often overlooks a key aspect—mutual funds, especially equity funds, are market-linked instruments. Their performance is directly influenced by broader economic conditions, global events, and investor sentiment. When there is uncertainty—be it geopolitical tensions, economic stress, or global disruptions—markets tend to fall, and mutual fund returns reflect that reality.
“Markets will fall when there is uncertainty and they will go up when there is clarity,” the expert further highlighted.
Roongta explains that this behaviour is not a flaw but a feature of how markets function. In fact, it would be more concerning if markets continued to rise despite significant global stress, as that would indicate a disconnect from underlying realities. Market corrections are a natural response to uncertainty, and they help bring valuations in line with fundamentals.
The expert said that, “The question is what actually would be a cause of concern would be that there is war that is going on right now as it is and there is so much of stress on fuel, energy; there is so much of concerns about security and the war escalating, etc, and markets ignored all this and continuously just kept going one way upwards, that would be a cause of concern because it is not doing what it is supposed to do.”

Over time, as clarity returns and economic conditions improve, markets tend to recover. However, this recovery is not immediate. Even if external risks such as geopolitical tensions ease, the real driver of sustained market growth—corporate earnings—takes time to improve. As companies report better performance and the economy stabilises, returns gradually follow.

Also Read | Sebi simplifies gifting of mutual funds. Here’s what it means for investors

This highlights an important lesson for investors: equity investing requires patience and a long-term perspective. Short-term volatility is inevitable, and expecting consistent positive returns over one- or two-year periods can lead to disappointment.

At the same time, not every investor may be comfortable with this level of uncertainty. Roongta emphasises that before investing in mutual funds, especially equity schemes, it is essential to understand how they work, what kind of returns to expect, and the risks involved in the short term. Investors who are uncomfortable with market fluctuations may be better suited to more stable options like fixed deposits or other low-risk instruments.

Ultimately, the decision comes down to alignment. If an investor understands the nature of market-linked investments and is willing to stay invested through cycles, mutual funds can be an effective wealth creation tool. But if volatility causes stress and uncertainty, it may be worth reconsidering the investment approach to ensure both financial and emotional comfort.

In volatile times, the real question is not whether mutual funds are “right” or “wrong”—but whether they are the right fit for your expectations and investment temperament.

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