Excelsoft Technologies Limited is gearing up for its public debut, and the IPO has already drawn attention because of its niche positioning in the vertical SaaS EdTech market. The company provides AI-enabled learning, assessment, and digital content solutions to global clients — a space that has seen rapid adoption across corporate, academic, and certification ecosystems.
With Swastika Investmart’s in-depth research backing the IPO note, this article breaks down the business fundamentals, valuation, risks, and whether investors should apply.
Excelsoft Technologies is a global vertical SaaS company specializing in the learning, assessment, and education technology ecosystem. Their products are used by academic institutions, corporates, government bodies, and certification agencies across multiple geographies.
A recurring-revenue, SaaS-driven platform model catering to global education and training markets — with long-term sticky clients.
IPO Size: ₹500 crore
Fresh Issue: ₹180 crore
OFS: ₹320 crore
Price Band: ₹114–₹120
Market Lot: 125 shares
Face Value: ₹10
Listing: BSE, NSE
Market Cap at Upper Band: ₹1,381.01 crore
Issue Opens: 19 Nov 2025
Issue Closes: 21 Nov 2025
Listing Date26 Nov 2025
Funds will be used for:
This signals expansion capacity and infrastructure strengthening — key for SaaS scale-ups.
The company is clearly moving toward improving profitability while scaling.
EdTech, assessments, and learning automation are gaining traction globally — especially post-digital transformation.
76 clients across multiple continents.
Long-term contracts promote predictable recurring revenue.
Experienced team and mature product suite — SARAS, OpenPage, EnablED — built on agile and flexible technology.
AI-enabled proctoring, remote assessment, and digital exams are now standard for institutions and certification bodies.
This is the biggest red flag.
Any renegotiation or loss of this client can materially impact revenue.
Operating across countries brings complex regulatory exposure.
Given sensitive student data and assessment records, any cyber breach can hurt trust & revenue.
Subscription-based revenue shifts can delay recognition.
Renewal risks remain — despite repeat business.
Conclusion:
The pricing looks aggressive, considering the:
Overall Verdict: Neutral
1. What is the size of Excelsoft Technologies’ IPO?
Total size is ₹500 crore including ₹180 crore fresh issue + ₹320 crore OFS.
2. What are the key strengths of the company?
Strong global SaaS presence, long-term client relationships, AI-enabled products, and a healthy financial profile.
3. What is the biggest risk of investing in this IPO?
Excelsoft depends heavily on one client — Pearson — contributing ~59% of revenue.
4. Is the IPO fairly priced?
At P/E ~35×, it appears on the expensive side relative to risk factors.
5. What is Swastika Investmart’s view?
A Neutral rating, indicating moderate prospects and valuation concerns.
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Commodity trading in India has evolved into one of the most dynamic segments of the financial market. From gold and crude oil to agricultural products like soybeans and cotton, commodities offer investors an opportunity to diversify beyond equities and bonds. But before you dive in, it’s crucial to understand three fundamental concepts that govern this space — margin, lot size, and leverage.
These terms may sound technical, but they form the very foundation of how you trade and manage risk in commodities. Let’s break them down in the simplest way possible.
When you trade commodities on exchanges like MCX (Multi Commodity Exchange) or NCDEX (National Commodity & Derivatives Exchange), you don’t have to pay the full contract value upfront. Instead, you only pay a margin — a small percentage of the total value — to take a position.
This system enables traders to participate in large trades even with limited capital.
Example:
Let’s say gold futures are trading at ₹65,000 per 10 grams and the contract size is 1 kg (1000 grams).
This ₹3,25,000 acts as a security deposit, allowing you to control a position worth ₹65 lakh. However, if the price moves against you, your losses could quickly eat into this margin — hence risk management becomes crucial.
Regulatory Note:
Margins in India are governed by SEBI to ensure fair play and adequate risk coverage for all participants.
Each commodity traded on an exchange has a standardized lot size, which ensures uniformity in contracts. The lot size represents the minimum quantity that can be traded for that specific commodity.
Example:
So, if crude oil is trading at ₹7,000 per barrel, one lot equals ₹7,00,000 (₹7,000 × 100).
The lot size not only defines your trade volume but also directly impacts your margin requirement and risk exposure. Larger lot sizes mean bigger potential profits — but also greater potential losses.
Leverage is the power of margin. It allows you to control large positions using smaller capital. Simply put, leverage magnifies your market exposure.
Formula:
Leverage = Total Contract Value ÷ Margin Requirement
Example:
If the total contract value is ₹65 lakh and your margin is ₹3.25 lakh, then:
Leverage = 65,00,000 ÷ 3,25,000 = 20x
This means every ₹1 you invest controls ₹20 worth of commodity exposure. While leverage can multiply your gains, it can also amplify losses if prices move in the opposite direction. Hence, understanding how to manage leverage is key to surviving in the volatile world of commodities.
Real-World Scenario:
In 2024, when global crude oil prices fluctuated due to OPEC decisions, highly leveraged traders on MCX faced both exceptional profits and heavy margin calls within hours. This highlights why risk management and discipline are essential in leveraged trading.
Think of lot size as the scale of your trade, margin as the capital you commit, and leverage as the multiplier that connects them. Together, they determine how much exposure you have and how much risk you’re
A good trader balances all three — ensuring that leverage is used wisely, margins are maintained, and lot sizes match risk capacity.
Always check the latest margin circulars issued by your broker or the exchange before trading.
Swastika Investmart, a SEBI-registered full-service brokerage, provides a tech-enabled platform designed for both beginners and experienced traders.
Here’s what makes Swastika stand out:
Ready to explore commodities confidently?
👉 Open Your Commodity Account with Swastika Investmart
1. Is commodity trading suitable for beginners?
Yes, with proper education and guidance. Start small, use minimal leverage, and trade through trusted brokers like Swastika Investmart.
2. What happens if I can’t maintain margin requirements?
Your broker may issue a margin call, and if unmet, your position could be squared off to limit risk.
3. How is margin decided in commodity trading?
It’s set by exchanges based on volatility, liquidity, and SEBI regulations.
4. Can I use leverage in all commodities?
Yes, but the leverage ratio varies across commodities and is subject to exchange and SEBI norms.
5. Are profits from commodity trading taxable?
Yes, profits are treated as business income under the Income Tax Act and must be reported accordingly.
Understanding margin, lot size, and leverage isn’t just about mastering formulas — it’s about mastering your risk and reward balance. These three elements form the backbone of every commodity trade and determine your long-term success in the markets.
With Swastika Investmart’s reliable research, advanced trading tools, and investor-first approach, you can make smarter, more confident trading decisions in the Indian commodity space.
👉 Start Your Commodity Trading Journey with Swastika Investmart Today
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Nestlé India Posts Mixed Q2: Revenue Rises, Profit Dips — Key Insights for Investors
Nestlé India, one of India’s leading FMCG players, recently announced its Q2 results, catching the attention of market watchers and retail investors alike. While the company reported a healthy increase in revenue, its net profit fell compared to the same quarter last year. This mixed performance raises key questions for investors: What factors are driving these results, and how should one navigate investment decisions in light of these trends?
Nestlé India’s revenue for Q2 increased, reflecting strong consumer demand for products like Maggi noodles, Nescafé coffee, and KitKat chocolates. This growth indicates resilience in the Indian FMCG sector, where brand loyalty and consistent demand help companies maintain top-line expansion even during cost pressures.
For instance, despite inflationary pressures on raw materials like milk, cocoa, and packaging, Nestlé India managed to post double-digit revenue growth in segments such as instant foods and beverages. This underscores the strength of its brand portfolio and distribution network.
Despite revenue growth, net profit fell due to:
This trend is not unique to Nestlé India; several FMCG players are grappling with similar margin pressures as they balance growth with cost control.
When analyzing Nestlé India’s stock or the FMCG sector in general, investors should keep an eye on:
New product launches and portfolio diversification play a critical role in driving revenue and profitability. Products catering to health-conscious or convenience-seeking consumers have shown strong growth potential.
Effective management of input costs, supply chain efficiency, and pricing strategies will determine whether revenue growth translates into sustainable profit.
With competitors like Hindustan Unilever, Britannia, and ITC investing in aggressive marketing and distribution, market share dynamics can impact long-term performance.
SEBI guidelines ensure transparent financial reporting, while FSSAI regulations influence product approvals and labeling standards. Investors should stay informed about regulatory updates that may impact operational costs or product portfolios.
Consider an investor who tracks FMCG stocks closely. By leveraging Swastika Investmart’s research tools and advisory services, they were able to analyze Nestlé India’s Q2 performance, compare it with peers, and identify trends in raw material cost impacts. This enabled informed decisions, whether for long-term investment or tactical trading during quarterly earnings season.
Navigating mixed earnings results requires reliable insights and seamless execution. Swastika Investmart offers:
With these features, investors can make timely and informed decisions even in volatile market scenarios.
Q1: Why did Nestlé India’s profit decline despite revenue growth?
A: Rising input costs, promotional activities, and currency fluctuations pressured profit margins.
Q2: Should investors be concerned about Nestlé India’s Q2 results?
A: While profits dipped, revenue growth and strong brand positioning suggest resilience. Investors should consider long-term trends and sector context.
Q3: How does Nestlé India compare with other FMCG players?
A: Competitors like Hindustan Unilever and Britannia face similar margin pressures, making brand strength, innovation, and distribution key differentiators.
Q4: How can Swastika Investmart help in tracking FMCG stocks?
A: Swastika Investmart provides SEBI-registered trading, research-backed insights, and tech-enabled platforms for effective monitoring and informed decisions.
Q5: What should investors focus on post-Q2 results?
A: Key focus areas include product mix, cost management, market share trends, and regulatory developments affecting operations.
Nestlé India’s mixed Q2 performance reflects both the growth opportunities and cost challenges in the Indian FMCG sector. Investors should focus on long-term trends, margin management, and brand performance when making decisions. With Swastika Investmart, investors gain access to SEBI-compliant trading, expert research, and tech-enabled tools to navigate such market scenarios confidently.
Stay ahead in your investment journey — Open an Account with Swastika Investmart and trade with confidence.
The Indian stock market has witnessed a remarkable surge recently, with Bank Nifty hitting all-time highs. For investors, traders, and market enthusiasts, this is a development worth dissecting. But is this the beginning of a sustained banking rally, or are we seeing a short-term spike? Let’s dive into the market dynamics, sector fundamentals, and what this could mean for your portfolio.
Bank Nifty, comprising 12 major banking stocks listed on NSE, acts as a barometer of the Indian banking sector. Recently, the index surged past its previous records, driven by:
For example, HDFC Bank’s net profit rose 16% YoY in Q2, while ICICI Bank reported a sharp reduction in non-performing assets. Such results create optimism among traders and long-term investors alike.
Several macroeconomic and sector-specific factors have contributed to Bank Nifty’s record levels:
India’s GDP growth remains resilient, and credit demand, especially in retail and corporate segments, is rising. Banks stand to benefit from increased lending activity, which directly impacts their profitability and stock performance.
The Reserve Bank of India’s (RBI) consistent regulatory framework and stress tests provide a stable environment for banks. SEBI regulations ensure transparency and protect investor interests, making banking stocks attractive for long-term investors.
Digital adoption, fintech collaborations, and AI-driven analytics are helping banks reduce costs and improve efficiency. For instance, ICICI Bank and Axis Bank’s online platforms have significantly increased customer engagement, reflecting in stock valuations.
Domestic and foreign institutional investors have shown increased appetite for banking stocks, buoyed by a stable interest rate regime and improved asset quality.
While the outlook seems optimistic, investors must remain cautious:
Navigating the banking rally requires reliable research and seamless trading. Swastika Investmart stands out by offering:
This combination allows investors to monitor the banking sector closely, execute timely trades, and manage risks efficiently.
Consider an investor tracking Bank Nifty over the last six months. By leveraging Swastika Investmart’s research reports, they identified trends in PSU vs. private banks, RBI policy updates, and macroeconomic indicators. This insight allowed them to make calculated trades, optimizing their portfolio returns even amid market volatility.
Q1: Why has Bank Nifty hit record levels recently?
A: Strong quarterly earnings, RBI stability, increased liquidity, and positive investor sentiment have driven Bank Nifty to new highs.
Q2: Is this a good time to invest in banking stocks?
A: While the sector shows potential, investors should analyze valuations, market trends, and their risk appetite before investing.
Q3: How does RBI policy impact Bank Nifty?
A: RBI’s interest rate decisions, credit policies, and regulatory measures directly affect banks’ profitability and lending activity, influencing the index.
Q4: How can Swastika Investmart help investors during a banking rally?
A: Swastika Investmart provides SEBI-registered advisory, research-backed insights, tech-enabled trading, and investor education for informed decision-making.
Q5: Are there risks in trading Bank Nifty at record levels?
A: Yes, market volatility, global factors, and overvaluation can impact returns. Diversification and risk management are essential.
Bank Nifty’s record-breaking performance indicates renewed optimism in the banking sector. While the rally presents opportunities, informed investing is key. With Swastika Investmart, investors gain access to SEBI-registered platforms, expert research, and cutting-edge tools to navigate the market efficiently.
Ready to explore the banking rally? Open an account with Swastika Investmart and trade confidently: Open Account
A Demat Account—short for Dematerialized Account—is the foundation of modern investing in India. It allows investors to hold shares and securities electronically instead of physical certificates. This digital system, regulated by SEBI (Securities and Exchange Board of India), ensures safety, transparency, and ease of access for every investor.
However, investors—especially beginners—often get confused by different Demat account charges, such as AMC, brokerage, and hidden fees. Let’s break them down clearly so you can make informed decisions.
A Demat account is essential for trading and investing in stocks, mutual funds, bonds, ETFs, and IPOs. It acts like a digital locker that securely stores your holdings under depositories such as NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
Every investor must open a Demat account through a Depository Participant (DP), which could be a brokerage firm like Zerodha, Groww, Angel One, Upstox, ICICI Direct, or Swastika Investmart.
The key benefit of this system is investor protection — all holdings are regulated by SEBI, making the system safe and traceable.
Most brokers charge a one-time account opening fee when you create your Demat account. Many platforms offer zero-cost onboarding, but sometimes a small fee ensures proper KYC verification, compliance, and documentation.
Swastika Investmart stands out here for offering personalized account setup support, ensuring investors—especially first-timers—complete their onboarding with full regulatory compliance and clarity.
AMC, or Annual Maintenance Charge, is one of the most common Demat account costs. It’s levied yearly for maintaining your digital holdings with depositories like NSDL/CDSL.
This fee covers:
Some brokers waive AMC for the first year, while others adjust it based on your portfolio size.
At Swastika Investmart, the AMC structure is transparent—you know exactly what you’re paying for. The firm emphasizes no hidden deductions, coupled with strong customer support for resolving investor queries promptly.
Brokerage is the fee brokers charge to execute trades on your behalf—whether buying or selling shares.
While discount brokers like Zerodha and Groww focus on minimal brokerage with DIY platforms, full-service firms like Swastika Investmart or ICICI Direct provide value-added services like research reports, market insights, and advisory—helpful for both beginners and serious investors.
Remember, brokerage is not just about the lowest cost—it’s about reliability and execution quality. A slightly higher brokerage may actually save you money by ensuring timely trades and better returns through expert research.
What differentiates Swastika Investmart is its open communication policy. Investors receive clear fee breakdowns, helping avoid confusion or mistrust—a strong sign of SEBI-aligned ethics.
The SEBI framework ensures every investor’s money and securities are protected.
Through depositories like NSDL and CDSL, SEBI mandates:
This ensures no unauthorized movement of securities, even if your broker faces operational challenges.
Swastika Investmart’s SEBI registration and long-standing reputation in the Indian financial market underline its commitment to these standards. Its combination of regulatory discipline and human advisory makes it a trusted partner for long-term investors.
If you’re new to investing, here’s a checklist to follow before opening your account:
By ensuring these points, you can start your investment journey confidently and safely.
1. What is AMC in a Demat account?
AMC stands for Annual Maintenance Charge, a yearly fee brokers charge for maintaining your Demat account with NSDL/CDSL.
2. Can I hold multiple Demat accounts?
Yes, you can open multiple accounts with different brokers. However, managing them responsibly is crucial to avoid confusion or additional costs.
3. Which is the safest Demat account in India?
All SEBI-registered brokers linked to NSDL/CDSL are safe. Look for brokers like Swastika Investmart that emphasize compliance and transparent communication.
4. Do I need a Demat account for mutual funds?
It’s optional. Many platforms allow you to invest directly without a Demat account, but having one centralizes all your holdings efficiently.
A Demat account is your gateway to India’s growing capital markets—but understanding AMC, brokerage, and hidden charges is vital to a stress-free investing experience.
While platforms like Zerodha, Groww, and Upstox offer convenience, Swastika Investmart provides something deeper—trust, regional guidance, and transparent SEBI-compliant support.
As an investor, prioritize clarity, compliance, and confidence. Because in finance, knowing what you pay for is the first step to growing what you own.
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A Demat Account—short for Dematerialized Account—is the foundation of modern investing in India. It allows investors to hold shares and securities electronically instead of physical certificates. This digital system, regulated by SEBI (Securities and Exchange Board of India), ensures safety, transparency, and ease of access for every investor.
However, investors—especially beginners—often get confused by different Demat account charges, such as AMC, brokerage, and hidden fees. Let’s break them down clearly so you can make informed decisions.
A Demat account is essential for trading and investing in stocks, mutual funds, bonds, ETFs, and IPOs. It acts like a digital locker that securely stores your holdings under depositories such as NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
Every investor must open a Demat account through a Depository Participant (DP), which could be a brokerage firm like Zerodha, Groww, Angel One, Upstox, ICICI Direct, or Swastika Investmart.
The key benefit of this system is investor protection — all holdings are regulated by SEBI, making the system safe and traceable.
Most brokers charge a one-time account opening fee when you create your Demat account. Many platforms offer zero-cost onboarding, but sometimes a small fee ensures proper KYC verification, compliance, and documentation.
Swastika Investmart stands out here for offering personalized account setup support, ensuring investors—especially first-timers—complete their onboarding with full regulatory compliance and clarity.
AMC, or Annual Maintenance Charge, is one of the most common Demat account costs. It’s levied yearly for maintaining your digital holdings with depositories like NSDL/CDSL.
This fee covers:
Some brokers waive AMC for the first year, while others adjust it based on your portfolio size.
At Swastika Investmart, the AMC structure is transparent—you know exactly what you’re paying for. The firm emphasizes no hidden deductions, coupled with strong customer support for resolving investor queries promptly.
Brokerage is the fee brokers charge to execute trades on your behalf—whether buying or selling shares.
While discount brokers like Zerodha and Groww focus on minimal brokerage with DIY platforms, full-service firms like Swastika Investmart or ICICI Direct provide value-added services like research reports, market insights, and advisory—helpful for both beginners and serious investors.
Remember, brokerage is not just about the lowest cost—it’s about reliability and execution quality. A slightly higher brokerage may actually save you money by ensuring timely trades and better returns through expert research.
What differentiates Swastika Investmart is its open communication policy. Investors receive clear fee breakdowns, helping avoid confusion or mistrust—a strong sign of SEBI-aligned ethics.
The SEBI framework ensures every investor’s money and securities are protected.
Through depositories like NSDL and CDSL, SEBI mandates:
This ensures no unauthorized movement of securities, even if your broker faces operational challenges.
Swastika Investmart’s SEBI registration and long-standing reputation in the Indian financial market underline its commitment to these standards. Its combination of regulatory discipline and human advisory makes it a trusted partner for long-term investors.
If you’re new to investing, here’s a checklist to follow before opening your account:
By ensuring these points, you can start your investment journey confidently and safely.
1. What is AMC in a Demat account?
AMC stands for Annual Maintenance Charge, a yearly fee brokers charge for maintaining your Demat account with NSDL/CDSL.
2. Can I hold multiple Demat accounts?
Yes, you can open multiple accounts with different brokers. However, managing them responsibly is crucial to avoid confusion or additional costs.
3. Which is the safest Demat account in India?
All SEBI-registered brokers linked to NSDL/CDSL are safe. Look for brokers like Swastika Investmart that emphasize compliance and transparent communication.
4. Do I need a Demat account for mutual funds?
It’s optional. Many platforms allow you to invest directly without a Demat account, but having one centralizes all your holdings efficiently.
A Demat account is your gateway to India’s growing capital markets—but understanding AMC, brokerage, and hidden charges is vital to a stress-free investing experience.
While platforms like Zerodha, Groww, and Upstox offer convenience, Swastika Investmart provides something deeper—trust, regional guidance, and transparent SEBI-compliant support.
As an investor, prioritize clarity, compliance, and confidence. Because in finance, knowing what you pay for is the first step to growing what you own.
Every Dhanteras, Indian households turn into mini investment hubs. It’s a day deeply rooted in tradition — symbolizing wealth, prosperity, and new beginnings. But this year, amid fluctuating global markets, rising inflation, and geopolitical tensions, one question stands out: “Should I invest in gold or silver this Dhanteras?”
Let’s decode this Dhanteras investment dilemma with a data-driven and research-backed approach.
Gold has long been India’s favorite asset — not just for cultural reasons but for its proven ability to preserve value during uncertainty.
In 2025, gold prices have shown resilience, hovering around ₹71,000 per 10 grams (as of mid-October 2025), driven by:
Example: During 2020–2023, when equity markets were volatile, gold delivered an average annualized return of 10–12%, protecting investor portfolios.
However, the current trend indicates a consolidation phase — meaning that while gold remains a long-term wealth preserver, short-term upside could be limited.
Best Ways to Invest in Gold (2025):
Silver may not have the same emotional appeal as gold, but its dual nature — both as a precious and industrial metal — makes it extremely relevant in today’s green-tech economy.
In 2025, silver has been gaining traction due to:
Example: In FY24, silver outperformed gold globally, delivering ~20% returns amid the clean energy push.
However, investors must be prepared for price swings since silver’s demand is heavily tied to industrial growth cycles.
Ways to Invest in Silver (2025):
Market analysts believe that 2025 could be a pivotal year for precious metals. With the US Fed nearing rate cuts and global inflation cooling down, both gold and silver could shine — but in different ways.
According to Swastika Investmart’s commodity research team, investors should consider a balanced allocation — 70% gold and 30% silver — to capture both stability and growth.
Let’s take an example — Meera, a 35-year-old professional from Mumbai. Last Dhanteras, she invested ₹1 lakh in gold ETFs and ₹50,000 in silver coins.
Today, her gold investment has grown moderately (~7%), while silver has delivered nearly double-digit gains, thanks to industrial demand. This diversified approach helped her balance returns and risk — a strategy that reflects modern investor sentiment.
Dhanteras investments should not just be emotional but strategic.
Here’s how you can approach it smartly with Swastika Investmart:
👉 Open your investment account today:
Start Investing with Swastika Investmart
1. Is gold still a good investment in 2025?
Yes. Gold remains a strong hedge against inflation and global uncertainty, especially with central banks increasing their gold reserves.
2. Why should I consider silver this Dhanteras?
Silver offers higher potential returns due to its growing industrial demand, particularly in renewable energy and electric vehicles.
3. Which is safer: Gold or Silver?
Gold is safer due to lower volatility, while silver offers better short-term growth potential. A mix of both can balance risk and reward.
4. Are Gold ETFs better than physical gold?
Yes, for investors seeking liquidity, safety, and no storage hassles, Gold ETFs are a practical alternative.
5. How can I invest in precious metals with Swastika Investmart?
You can open an account online and invest in gold/silver ETFs, sovereign bonds, or other digital options easily through Swastika’s platform.
Dhanteras 2025 is not just about tradition — it’s about making informed financial choices. Whether you choose gold for stability or silver for growth, remember that the smartest investment is one backed by research and discipline.
Swastika Investmart empowers investors with expert insights, reliable tools, and tech-enabled platforms — making your festive investments secure and future-ready.
🎉 Invest Smartly. Celebrate Prosperity.
Open Your Account with Swastika Investmart
Trust Our Expert Picks
for Your Investments!
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