Power Stocks Rally Hinges on Demand, Solar May Face Oversupply in 3-4 Years: Axis Capital Power stocks have shown resilience during market volatility, but sustained gains will depend on rising demand, according to Axis Capital. Sumit Kishore, Executive Director at the firm, highlighted that the sector’s recent performance has been driven by its defensive appeal, particularly in risk-off environments. He emphasized that the power sector, including both traditional and renewable energy sources, could act as a safe haven if geopolitical tensions, such as the ongoing US-Iran conflict, continue to disrupt global markets. Kishore noted that while solar capacity has surged with record additions, the sector risks becoming oversupplied within the next 3-4 years if demand growth does not keep pace. This concern is amplified by the rapid expansion of renewable energy infrastructure in India, where FY26 saw a historic increase in capacity additions. Specifically, 45 gigawatts (GW) of solar and 6 GW of wind capacity were installed during the year, bringing total renewable additions to nearly 57 GW. This marks a 12% year-on-year increase, reflecting the country’s aggressive push toward clean energy. India’s renewable energy targets remain ambitious, with a goal of achieving 786 GW of installed capacity by FY36. This includes existing infrastructure such as large hydroelectric projects and other non-fossil fuel sources, which currently stand at around 225–230 GW. Kishore argued that the nation has a long growth trajectory ahead, supported by favorable policy frameworks and increasing energy demand. However, he cautioned that investors should approach the power sector with a balanced perspective.#renewable_energy #india #us_iran_conflict #axis_capital #sumit_kishore
Sedemac Mechatronics IPO Day 2: Subscription Status and Key Highlights Sedemac Mechatronics’ initial public offering (IPO) entered its second day of subscription on March 5, 2026, with the application window remaining open until March 6. The final allotment of shares is expected on March 9, and the company is set to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on March 11. The IPO is a book-built offering aggregating ₹1,087.45 crore, entirely comprising an offer for sale (OFS) of 0.80 crore shares. The price band for the issue has been set at ₹1,287 to ₹1,352 per share, with a minimum lot size of 11 shares. Retail investors must commit a minimum of ₹14,157 to participate. The lead managers for the IPO are ICICI Securities, Avendus Capital, and Axis Capital, while MUFG Intime India serves as the registrar. The company’s product portfolio includes electronic control units (ECUs) designed for complex systems in real-time applications. These components are critical for managing equipment in industries such as automotive and industrial electronics. Sedemac specializes in sensorless commutation (SLC)-based integrated starter generator (ISG) ECUs for two- and three-wheelers powered by internal combustion engines. It also provides generator controllers (GCs) equipped with integrated electronic governing (eGov) technology. On the second day of subscription, the Grey Market Premium (GMP) for Sedemac Mechatronics shares was reported at ₹60, reflecting a 4.44% premium over the upper end of the price band. This indicates strong investor interest ahead of the final allotment. Sedemac Mechatronics Ltd, based in Pune, was founded in 2007 by Professor Shashikanth Suryanarayanan and former IIT Bombay students.#sedemac_mechatronics #icici_securities #avendus_capital #axis_capital #mufg_intime_india
