Commodity futures trading in India has evolved into a data-driven discipline. Successful traders today don’t just rely on price they decode Open Interest (OI), Rollover, and Basis to understand market positioning, strength, and sentiment.
Whether you trade on the Multi Commodity Exchange (MCX) or National Commodity & Derivatives Exchange (NCDEX), learning to interpret these metrics can transform the way you make decisions.
Let’s break them down in simple terms and see how brokers like Swastika Investmart help you read them efficiently.
Open Interest (OI) refers to the total number of outstanding contracts (buy or sell) that remain open in a commodity’s futures market.
In simple words: OI shows how many traders are active and how confident they are in the trend.
Example:
If Crude Oil futures prices rise from ₹6,800 to ₹7,000 and OI also rises, it means new long positions are being added bullish sentiment.
Swastika Investmart’s live OI trackers and heatmaps help traders identify these patterns in real time across commodities.
Futures contracts have expiry dates monthly for most commodities. As expiry nears, traders either square off or roll over their positions to the next month’s series.
Rollover (%) = (Next Month OI / Current Month OI) × 100
A higher rollover percentage shows continuity of conviction traders are carrying their view forward.
Example:
If Gold futures rollover is 85%, it means most traders are confident about the trend continuing in the next month’s contract.
Swastika Investmart’s derivatives dashboard visually compares rollover ratios across series, helping you track where institutional money is flowing.
Basis = Futures Price – Spot Price
It measures the difference between current futures and spot (cash) prices.
Negative Basis (Futures < Spot): Bearish tone (weak demand or oversupply).
Example:
If Copper spot = ₹720 and Futures = ₹730, basis = +₹10 → bullish undertone.
If Futures = ₹710 → basis = –₹10 → bearish tone or oversupply.
Smart traders don’t look at these metrics in isolation they combine all three to read the full market picture.
SEBI (Securities and Exchange Board of India) ensures commodity futures trading remains transparent and regulated through:
Swastika Investmart’s trading systems follow all SEBI guidelines, ensuring traders have safe, compliant access to futures data.
The future of commodity analysis is AI-enhanced.
Modern platforms now use machine learning to analyze OI spikes, basis fluctuations, and rollover trends.
AI tools can even predict probable breakouts in commodities like Gold, Crude, or Copper by studying patterns across contracts.
1. What does Open Interest indicate in commodity futures?
It shows total open contracts rising OI means new positions (bullish or bearish), falling OI means closure or unwinding.
2. How can rollover help traders?
Rollover reveals how many traders carry positions to the next month, reflecting conviction in the trend.
3. What does basis tell us?
Basis shows whether futures are trading at a premium or discount to spot indicating market sentiment.
4. How is SEBI involved in commodity futures?
SEBI regulates all trading activity, margins, and reporting standards to ensure transparency and investor protection.
5. How does Swastika Investmart help commodity traders?
Swastika offers real-time analytics, AI-integrated insights, and SEBI-compliant execution, helping traders decode OI, rollover, and basis effectively.
Reading commodity futures data is the art of understanding what the market is thinking not just what the price is doing.
By tracking Open Interest, Rollover, and Basis, you gain insights into trader psychology, institutional positioning, and upcoming trends.
And when you trade through Swastika Investmart, you combine that insight with research-backed data, advanced dashboards, and SEBI-regulated safety.
In the AI-driven era of 2025, data isn’t just information it’s your competitive advantage.
👉 Open your Demat & Trading Account with Swastika Investmart — trusted SEBI-registered broker with expert research, powerful tools, and dedicated customer support.
Commodity futures trading in India has evolved into a data-driven discipline. Successful traders today don’t just rely on price they decode Open Interest (OI), Rollover, and Basis to understand market positioning, strength, and sentiment.
Whether you trade on the Multi Commodity Exchange (MCX) or National Commodity & Derivatives Exchange (NCDEX), learning to interpret these metrics can transform the way you make decisions.
Let’s break them down in simple terms and see how brokers like Swastika Investmart help you read them efficiently.
Open Interest (OI) refers to the total number of outstanding contracts (buy or sell) that remain open in a commodity’s futures market.
In simple words: OI shows how many traders are active and how confident they are in the trend.
Example:
If Crude Oil futures prices rise from ₹6,800 to ₹7,000 and OI also rises, it means new long positions are being added bullish sentiment.
Swastika Investmart’s live OI trackers and heatmaps help traders identify these patterns in real time across commodities.
Futures contracts have expiry dates monthly for most commodities. As expiry nears, traders either square off or roll over their positions to the next month’s series.
Rollover (%) = (Next Month OI / Current Month OI) × 100
A higher rollover percentage shows continuity of conviction traders are carrying their view forward.
Example:
If Gold futures rollover is 85%, it means most traders are confident about the trend continuing in the next month’s contract.
Swastika Investmart’s derivatives dashboard visually compares rollover ratios across series, helping you track where institutional money is flowing.
Basis = Futures Price – Spot Price
It measures the difference between current futures and spot (cash) prices.
Negative Basis (Futures < Spot): Bearish tone (weak demand or oversupply).
Example:
If Copper spot = ₹720 and Futures = ₹730, basis = +₹10 → bullish undertone.
If Futures = ₹710 → basis = –₹10 → bearish tone or oversupply.
Smart traders don’t look at these metrics in isolation they combine all three to read the full market picture.
SEBI (Securities and Exchange Board of India) ensures commodity futures trading remains transparent and regulated through:
Swastika Investmart’s trading systems follow all SEBI guidelines, ensuring traders have safe, compliant access to futures data.
The future of commodity analysis is AI-enhanced.
Modern platforms now use machine learning to analyze OI spikes, basis fluctuations, and rollover trends.
AI tools can even predict probable breakouts in commodities like Gold, Crude, or Copper by studying patterns across contracts.
1. What does Open Interest indicate in commodity futures?
It shows total open contracts rising OI means new positions (bullish or bearish), falling OI means closure or unwinding.
2. How can rollover help traders?
Rollover reveals how many traders carry positions to the next month, reflecting conviction in the trend.
3. What does basis tell us?
Basis shows whether futures are trading at a premium or discount to spot indicating market sentiment.
4. How is SEBI involved in commodity futures?
SEBI regulates all trading activity, margins, and reporting standards to ensure transparency and investor protection.
5. How does Swastika Investmart help commodity traders?
Swastika offers real-time analytics, AI-integrated insights, and SEBI-compliant execution, helping traders decode OI, rollover, and basis effectively.
Reading commodity futures data is the art of understanding what the market is thinking not just what the price is doing.
By tracking Open Interest, Rollover, and Basis, you gain insights into trader psychology, institutional positioning, and upcoming trends.
And when you trade through Swastika Investmart, you combine that insight with research-backed data, advanced dashboards, and SEBI-regulated safety.
In the AI-driven era of 2025, data isn’t just information it’s your competitive advantage.
👉 Open your Demat & Trading Account with Swastika Investmart — trusted SEBI-registered broker with expert research, powerful tools, and dedicated customer support.
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Lenskart Solutions Ltd., founded in 2008, has transformed from an online eyewear seller into India’s largest tech-enabled eyewear retailer. With over 2,723 stores across India and overseas, the company manufactures, designs, and retails prescription glasses, sunglasses, and contact lenses through its own platform and app (over 100 million downloads).
After years of steady growth, Lenskart turned profitable in FY25 with a net profit of ₹297 crore and an EBITDA margin of 13.85%, up from 11.98% in FY24. The company’s revenue jumped 22.6% YoY to ₹6,652 crore, showing strong operating momentum.
But is that enough to justify its ₹70,000 crore market cap? Let’s break it down.
The company plans to use the IPO proceeds for:
India’s eyewear industry is under-penetrated, with a large unorganized segment. Lenskart’s direct-to-consumer approach, backed by tech-driven supply chains and omnichannel reach, gives it a strong foothold in this expanding market.
With affordable yet trendy eyewear, Lenskart enjoys strong customer loyalty, particularly among millennials and Gen Z consumers.
The entry of Radhakishan Damani, a respected market veteran, has boosted confidence among investors and analysts alike.
Lenskart’s valuation metrics are sky-high.
At these levels, the stock is priced for perfection, leaving minimal room for error if growth slows or margins shrink.
FY25’s ₹297 crore profit primarily came from a one-time non-cash accounting gain, raising questions about the sustainability of earnings in future periods.
Over 40% of raw material and component sourcing is tied to Chinese suppliers via joint ventures, exposing the company to geopolitical risks and supply disruptions.
Competition is rising from both online and offline eyewear players, including Titan’s Eye+ and new D2C startups. Maintaining growth while preserving margins could be challenging.
The Lenskart IPO arrives at a time when investor appetite for consumer tech companies is strong, but valuations are under scrutiny. With peers like Mamaearth and Boat facing post-listing volatility, investors are becoming cautious.
The company’s ₹7,278 crore issue, where 70% of funds (OFS) go to existing shareholders, signals that much of the offer is an exit opportunity for early investors rather than a pure growth capital raise.
Swastika Investmart has assigned a Neutral Rating to the Lenskart IPO.
The business fundamentals are solid — large customer base, strong brand, scalable tech model — but valuation comfort is missing.
For long-term investors, it may be worth watching post-listing performance before taking exposure.
1. What is the Lenskart IPO price band?
The price band is set between ₹382 and ₹402 per share.
2. How much of the IPO is fresh issue?
₹2,150 crore is a fresh issue, while ₹5,128 crore is an offer for sale by existing shareholders.
3. Is Lenskart profitable?
Yes, the company turned profitable in FY25 with ₹297 crore net profit, though most of it came from a one-time accounting gain.
4. What is Swastika’s recommendation?
Swastika Investmart gives a Neutral rating — strong business, but valuations are on the higher side.
5. Should retail investors apply?
Apply only if you believe in long-term growth potential and can tolerate near-term valuation risk.
Lenskart’s IPO brings together a powerful mix of brand strength, tech-driven growth, and a booming consumer market. However, the steep valuation and profit quality concerns make it a case of “great company, expensive price.”
For investors looking for balanced, research-backed guidance and reliable support, Swastika Investmart offers SEBI-registered expertise, strong research tools, and tech-enabled investing platforms to help you make informed decisions.
👉 Open your Demat & Trading Account with Swastika Investmart — trusted SEBI-registered broker with expert research, powerful tools, and dedicated customer support.
For owners and promoters of successful, growing companies, seeking private capital often feels like a complicated and crucial process. You know your firm has tremendous potential, but turning that potential into a successful partnership with a Private Equity (PE) investor demands a clear strategy, not just strong performance.
This is the central promise of a specialized Boutique Investment Bank. It involves a step-by-step approach designed to boost your company's value, manage its presentation to the market, and guarantee long-term alignment with a new investor. Our Investment Banking experts explain this proven journey, from the initial planning stages to securing the necessary funds.
Every successful private equity deal starts by clearly defining a goal. The company, guided by an Investment Bank, must decide precisely what it wants to achieve: Is it raising capital for expansion, selling a portion of the company, or planning a full merger or sale?
This clear direction is formally captured in a mandate letter. This document ensures the promoter, management, and the investment bank are fully aligned on roles, timelines, and the ideal investor profile. This upfront agreement is vital, ensuring the process is focused on the company's long-term value creation, not just a quick cash injection.
Determining your company's worth, or Valuation, is the foundation of any transaction. A skilled investment banker uses rigorous financial analysis combined with real-time market knowledge to arrive at a fair and defensible value range.
We determine the basis of valuation using several standard approaches, including:
The final valuation figure is more than just a spreadsheet result; it is also influenced by industry outlook and how well the company aligns with major investor trends, such as deep-tech or sustainability. In fact, reports confirm that India has seen significant mid-market growth investments, proving that the opportunity for well-prepared companies is strong.
Once the valuation is clear, the focus shifts to Deal Structuring. This means deciding on the best type of capital to raise—such as common shares or preferred shares—to balance the new investor’s returns with the promoter’s continued control and operational freedom. A smart structure significantly impacts the partnership's success.
With the groundwork laid, the Investment Bank begins presenting the company's compelling story to the market. This phase goes beyond simple marketing; it is a focused campaign to find the perfect strategic partner.
The main document used, often called an Information Memorandum (IM), details the business model, financial results, management team quality, and the value creation plan. This step outlines how Investor Outreach is done by finding investors who are truly the right fit.
The Investment Bank identifies and contacts a select group of potential investors, including dedicated private equity funds and family offices, who have a track record of investing in companies of the client's size and sector. Effective outreach relies on:
When a serious investor expresses interest, they issue a Term Sheet, and the process moves into the critical negotiation game in equity. While the purchase price attracts the most attention, the most defining aspects of the partnership are found in the detailed clauses covering governance and rights.
The Investment Bank acts as an essential transaction advisor here. They help the promoter navigate complex issues like board composition, special rights for the investor, how the founders are incentivized, and plans for the eventual exit. Key elements under negotiation include:
The banker’s main job is to broker a balanced agreement that protects the promoter’s long-term vision while meeting the institutional investor’s requirements for a strong return, leading to a successful, aligned partnership.
The final phase involves legally documenting the deal, turning the agreed-upon Term Sheet into a legally binding contract. This execution stage demands extreme focus on detailed paperwork and regulatory adherence.
The importance of Compliance in Equity is paramount, especially in a regulated market. Legal teams draw up final agreements, the investor completes their final due diligence and finalises the Shareholder’s Agreement (SHA)& Shareholders Share Subscription Agreement (SSA), and all required documents are filed with government & regulatory authorities and signed by involved parties to finalise and seal the deal. Accuracy is key, as small compliance errors can significantly delay the final closure.
Closing the transaction is a milestone, not an end. A good Boutique Investment Bank continues to provide advice after the deal is done, offering crucial support in areas like new board governance, investor communication, and long-term strategic planning.
Maintaining a relationship with a trusted Investment Bank ensures a company is positioned for ongoing success. It facilitates future funding rounds, supports strategic acquisitions (bolt-ons), and prepares the company for a maximum-value exit later on—a true demonstration of partnership and sustained value creation..
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We’ve entered an era where algorithms predict market moves, AI tools build personalized portfolios, and data-driven insights guide investment decisions.
Yet, at the center of this high-tech transformation lies a humble yet vital foundation the Demat Account.
A Demat (Dematerialized) Account is more than a place to hold your shares digitally it’s the gateway to AI-powered wealth creation, offering security, automation, and integration with new-age trading tools.
Let’s explore why every investor beginner or seasoned needs one in the AI-driven era of investing.
A Demat Account stores shares, ETFs, bonds, and mutual fund units in electronic form, eliminating the need for physical certificates.
It’s regulated by SEBI and maintained through depositories like NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
In simpler terms, it’s your digital locker where all your investments live securely.
You can open one through SEBI-registered brokers like Zerodha, Groww, Angel One, Upstox, or Swastika Investmart, each connected to NSDL/CDSL systems.
In the past, investors tracked stock certificates manually. Today, everything from IPOs to ETFs happens digitally.
Without a Demat account, you can’t even buy or sell listed securities on Indian exchanges.
But in 2025, the importance goes beyond compliance it’s about unlocking AI-powered efficiency.
Here’s why 👇
AI systems analyze your holdings to recommend rebalancing, risk management, and tax-efficient moves all possible through your linked Demat data.
Modern trading platforms use machine learning to monitor price movements and auto-trigger stop-loss or alerts based on your Demat positions.
AI-powered brokers use predictive analytics to optimize entry/exit points, saving time and reducing emotional bias.
AI dashboards visualize your holdings in real time across stocks, mutual funds, ETFs, and bonds all synced to your Demat account.
AI algorithms track unusual transactions, flagging unauthorized access, and protecting investors under SEBI’s investor protection framework.
The integration of Artificial Intelligence with Demat systems has revolutionized how investors interact with markets.
As AI grows, your Demat account becomes the central nervous system of your financial profile, connecting multiple apps, analytics, and strategies in one ecosystem.
Even in this high-tech world, SEBI remains the ultimate safeguard.
It ensures brokers, platforms, and AI tools adhere to transparency, risk disclosure, and investor data protection norms.
Key measures include:
This ensures that technology serves investors not the other way around.
While fintech startups focus on automation, Swastika Investmart combines the best of both worlds human expertise + artificial intelligence.
Here’s why it stands out in 2025:
In short, Swastika isn’t just offering a Demat account it’s offering a secure, intelligent, and intuitive investing experience.
Let’s take Riya, a 27-year-old new investor from Pune.
She opens a Swastika Demat account, links it to an AI-driven app, and starts her first SIP in ETFs.
The AI platform analyzes her portfolio:
Her investments are safe (SEBI-regulated), accessible (24/7 dashboard), and optimized (AI-driven).
That’s the future where AI and Demat work hand-in-hand for wealth creation.
1. Why is a Demat account important in the AI era?
Because AI-driven platforms depend on Demat-linked data to analyze, automate, and execute smart investment decisions securely.
2. Can AI trade using my Demat account automatically?
Yes, through SEBI-approved APIs and eDIS authorization, AI platforms can execute trades with your consent.
3. Is my data safe in an AI-linked Demat account?
Absolutely. SEBI, NSDL, and CDSL enforce data encryption and dual-factor authentication to ensure safety.
4. Which broker offers the best AI-integrated experience?
Swastika Investmart stands out with its AI tools, transparent advisory, and regionally personalized investor support.
5. Can beginners benefit from AI-driven investing?
Yes. AI tools simplify analysis, automate risk alerts, and guide SIPs, making it easier for new investors to start smartly.
In an age where AI analyzes trillions of data points before a single trade is placed, your Demat account becomes the bridge between human intelligence and machine precision.
From real-time insights to fraud detection, it powers the next generation of smart investing.
By choosing a SEBI-regulated broker like Swastika Investmart, you combine AI innovation, research-backed strategy, and old-school trust exactly what investors need in this digital era.
Because the future of investing isn’t just about returns it’s about intelligence, safety, and evolution.
👉 Open your Demat & Trading Account with Swastika Investmart — trusted SEBI-registered broker with expert research, powerful tools, and dedicated customer support.
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If you’ve ever worn a helmet in India, chances are high it carried the Studds logo. Incorporated in 1975 and established in 1983, Studds Accessories Limited is headquartered in Faridabad, Haryana. Over the last four decades, it has transformed from a small manufacturer to India’s largest two-wheeler helmet company by revenue and the world’s largest by volume.
The company designs, manufactures, and markets helmets and two-wheeler accessories under two strong brands —
With over 9 million units annual manufacturing capacity and exports to 70+ countries, Studds stands as a global face of Indian safety gear innovation.
Studds has maintained consistent top-line growth with rising profitability. Its PAT margin improved from 6.6% in FY23 to 11.9% in FY25, reflecting strong cost efficiency and better product mix.
The company’s Return on Capital Employed (ROCE) stands at 20.25%, signaling efficient utilization of capital resources.
At the upper price band of ₹585, Studds is valued at a P/E of 33.05x based on FY25 earnings. This makes the issue fully priced, but justified considering its steady growth trajectory, brand dominance, and future expansion plans — including a new high-capacity manufacturing facility in Telangana.
Swastika Investmart’s research team has given a “Subscribe for Long-Term” rating, citing stable profitability, market leadership, and scalability potential.
India’s two-wheeler market continues to grow, driven by rising urban mobility and affordable financing. With stricter helmet safety norms and increasing awareness, demand for certified helmets is surging. Studds, already a trusted household name, is well-positioned to capitalize on this long-term shift.
Its IPO not only represents a growth opportunity for investors but also signals the maturing of India’s protective gear manufacturing ecosystem — aligning perfectly with the Make in India and Atmanirbhar Bharat initiatives.
1. What is the price band for Studds Accessories IPO?
The price band is set between ₹557 and ₹585 per share.
2. What are the IPO opening and closing dates?
It opens on October 30, 2025 and closes on November 3, 2025.
3. How is Studds financially performing?
The company reported ₹595.89 crore in revenue for FY25 with a 20% EBITDA margin and 11.9% PAT margin.
4. Is the IPO fairly priced?
At a P/E of 33.05x, it’s fully priced but supported by strong fundamentals and long-term growth potential.
5. Should investors apply for this IPO?
Swastika Investmart recommends Subscribe for Long-Term given the company’s brand strength and consistent performance.
Studds Accessories Ltd. brings a blend of brand legacy, consistent financial growth, and innovation to the Indian stock market. While valuations appear on the higher side, its leadership position and robust expansion strategy justify investor confidence.
If you’re a long-term investor seeking exposure to India’s rising safety gear and auto accessory sector, this IPO could be a solid pick.
👉 Open your Demat & Trading Account with Swastika Investmart — trusted SEBI-registered broker with expert research, powerful tools, and dedicated customer support.
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Orkla India, incorporated in 1996, is a multi-category Indian food company with a portfolio spanning breakfast, snacks, ready-to-cook mixes, beverages and desserts. Its flagship heritage brands — MTR, Eastern and Rasoi Magic — give the company strong consumer recall and distribution reach.
The IPO opens on 29 October 2025 and closes on 31 October 2025, with a price band of ₹695–₹730 and a total issue size of ₹1,667.54 crore. Listing is planned on BSE and NSE.
Orkla India’s listing is significant for two reasons. First, it brings well-known Indian heritage FMCG brands to the public markets, giving retail investors direct access to home-grown food staples. Second, the offering arrives at a time when FMCG valuations are under scrutiny — investors are weighing brand strength against growth momentum and raw-material cost pressure.
In the broader market, FMCG companies with clear growth levers and steady margin profiles tend to attract long-term investors. Orkla India has brand and distribution strength, but the IPO note flags limited revenue and profit growth over the last three years, which tempers the upside expectation.
Strengths
Key risks
The report’s Neutral rating reflects a balanced view: strong brands and wide distribution versus muted growth and valuation that looks tight relative to recent performance. The IPO may suit investors who value brand equity and steady cash flows, but those seeking aggressive growth or quick listing pops may find the risk-reward limited.
Think of Orkla India as a beloved regional restaurant chain that has mastered its recipes and built loyal customers but has only slowly expanded footprint and average spend per customer. The brand gives trust, but without faster store openings or higher per-store sales, revenue growth remains modest. The IPO offers a chance to own that brand, but returns will depend on execution — expanding penetration, new products, cost management — all points flagged in the IPO note.
Q: When is the Orkla India IPO open?
A: The IPO opens on October 29, 2025 and closes on October 31, 2025.
Q: What is the price band and issue size?
A: Price band is ₹695–₹730 per share; total issue size is ₹1,667.54 crore.
Q: Is Orkla India profitable?
A: Yes. FY25 net profit was ₹255.69 crore and EBITDA margin improved to 16.15% in FY25.
Q: What are the main risks?
A: Major risks include commodity cost volatility (raw & packaging materials), supplier dependence, and execution risks around scaling distribution.
Orkla India brings established brands and wide distribution to the IPO market. The company’s FY25 improvements in margin and steady revenue base are positives, but muted three-year growth and commodity-linked cost structure justify a cautious stance. Hence, we assign a Neutral rating.
If you want research, easy online account opening, and tech-enabled trading to act quickly on IPOs, Swastika Investmart offers SEBI-registered services, strong research tools, responsive customer support, and investor education to help you decide.
Trust Our Expert Picks
for Your Investments!
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