Tit Bits 

🌼Swan Energy Ltd (Rs.480.30): 

Its name has changed to Swan Corp Ltd. The strategic rebranding move was announced in late July 2025, with the company receiving a new certificate of incorporation. This often reflects a broader repositioning or diversification strategy. Photo: Upstox

Q1 Earnings Surprise: Swan Energy reported a 137.54% YoY jump in standalone net profit, clocking ₹7.72 crore for the quarter ended June 30, 2025, compared to ₹3.25 crore last year. That kind of earnings delta tends to attract institutional interest.

Today it is up by more than 4%. The investors are suggested to book some profits and hold the rest with a SL at Rs.472.

🌼MTNL (Rs.45): Green Shoots in a Legacy PSU:

Despite its legacy baggage and financial challenges, MTNL has recently shown signs of strategic relevance and asset-backed momentum. Here are a few key positives:

🔹Massive Asset Monetization:

- MTNL earned ₹2,134.61 crore through monetization of land and buildings till January 2025, as disclosed in Parliament.

- This includes only non-essential assets, and the policy is being closely monitored—indicating fiscal prudence and government oversight.

🔹Strong Government Backing:

- The Centre has reiterated that MTNL is not being privatized, and remains part of revival packages. The Past support includes:

  - ₹6,000 crore for 4G rollout

  - ₹1.64 lakh crore revival plan (2022) for BSNL-MTNL, covering spectrum allocation, debt restructuring, and employee cost rationalization.

Prudent investors can use maket dips for accumulation. Target: Rs.72.

🌼3i Infotech Ltd (Rs.23.96): The shares of the company made an intraday high of Rs.24.40.

Latest Financial Performance (Q1 FY26 & Q4 FY25)

Q1FY26 (Quarter Ended June 30, 2025):

Revenue: ₹170.5 crore.  

  ↓ 8.8% QoQ from ₹187 crore in Q4 FY25.

  ↑ 4.7% YoY from ₹163 crore in Q1 FY25.

Operating EBITDA: ₹22.9 crore. 

  ↑ 43.3% QoQ. EBITDA margin improved to 13.4%, signaling operational efficiency.

Profit After Tax (PAT): ₹7.5 crore.

  Compared to a loss of ₹8.8 crore in Q1 FY25 and ₹26.9 crore profit in Q4 FY25.

AAA Segment (Analytics, Automation, AI): ₹117.2 crore revenue. It continues to be the primary growth driver

Strategic Wins:  

  - Achieved ISO 27001:2022 certification  

 - Forged alliance with Aquila Clouds for FinOps and BillOps solutions across India, US, and Middle East.

Rights Issue: 3i Infotech has officially proposed a ₹100 crore rights issue aimed at strengthening working capital and supporting strategic growth initiatives.

The company has confirmed the intent and scale of the rights issue, and it's already being positioned as part of its broader turnaround strategy following its FY25 profit recovery. But investors are still awaiting formal announcements regarding:

- Record date for eligibility.

- Issue price and entitlement ratio.

- Subscription and allotment schedule.

The prudent investors should accumulate the scrip before the formal announcement record date and entitlement ratio. Targets: Rs.37/Rs.39.

🌼TRF Ltd (Rs.325.50): Strategic Relevance in Tata Steel’s Capex Push:

🔹Capex Context: Tata Steel has allocated ₹15,000 crore for FY26, with 75–80% earmarked for Indian operations, covering Kalinganagar and Ludhiana expansions and asset reliability upgrades.

🔹TRF’s Role: As a Tata Group company specializing in bulk material handling systems, TRF is naturally aligned to support Tata Steel in steel logistics, plant automation, and modernization of handling equipment.

🔹Synergy Potential: With Tata Steel emphasizing efficiency improvements and project completion, there is room for internal order flow to TRF—notably in conveyor systems, stacker-reclaimers, and EPC services.

🔹Turnaround Optics: Though TRF faces financial stress, its strategic alignment with Tata Steel’s growth agenda keeps revival potential intact, particularly if intra-group procurement priorities are leveraged.

From Simply Wall: 

Q. How Healthy Is TRF's Balance Sheet?

According to the last reported balance sheet, TRF had liabilities of ₹1.13b due within 12 months, and liabilities of ₹1.32b due beyond 12 months. On the other hand, it had cash of ₹2.08b and ₹400.8m worth of receivables due within a year. So these liquid assets roughly match the total liabilities. This state of affairs indicates that TRF's balance sheet looks quite solid, as its total liabilities are just about equal to its liquid assets. 

So while it's hard to imagine that the ₹5.03b company is struggling for cash, we still think it's worth monitoring its balance sheet. Succinctly put, TRF boasts net cash, so it's fair to say it does not have a heavy debt load!

TRF Ltd is not a momentum counter and it generally moves up slowly. So, those investors who don't want to take too much risk can think of investing in this company. Target: Rs.392.