Shringar House of Mangalsutra Limited (SHRINGARMS) has been honoured with the ‘Mangalsutra Manufacturer of the Year’ award at the India International Jewellery Awards (IIJA) 2026. This recognition reflects the company’s dedication to tradition, craftsmanship, and quality in the mangalsutra category. The award was presented by actor Arbaaz Khan alongside leading jewellery industry stalwarts.

Celebrating Excellence

Commenting on the achievement, Mr. Chetan Thadeshwar, Managing Director of SHRINGARMS, said, ‘We are honoured to receive the ‘Mangalsutra Manufacturer of the Year’ award. The mangalsutra carries deep meaning for millions of women and families, and creating it calls for a thoughtful balance of tradition, craftsmanship, and quality. This recognition belongs to our team, our skilled artisans, and the retail partners who have placed their trust in Shringar over the years. We are grateful to IBJA and Tefla’s for recognising our work.’

Commitment to Innovation

Mr. Viraj Thadeshwar, CEO of SHRINGARMS, added, ‘This award is an important recognition for Shringar and for the mangalsutra category as a whole. Consumer preferences continue to evolve, and our responsibility is to design collections that respect the sentiment associated with the mangalsutra while offering relevance, choice, and value to retailers and their customers. We thank our partners across the industry for their continued confidence in us. This honour inspires us to keep raising our standards and strengthening our commitment to innovation and excellence.’

Shringar House of Mangalsutra Limited specializes in the design, production, and distribution of a wide array of Mangalsutras across India. The company boasts a portfolio of over 15 distinct collections and more than 10,000 active SKUs, tailored to meet the preferences of a broad customer base. Its operations are supported by a dedicated in-house design team comprising 30 designers and 316 skilled karigars, enabling seamless execution from concept to final product.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Shringar House of Mangalsutra Limited

Shringar House of Mangalsutra Limited belongs to the Consumer Cyclical › Luxury Goods sector. Here’s a quick read on where the business and the stock stand today.

Shringar moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.24 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gains 0.7% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Both the business and the stock move in the right direction. Revenue grows at 41.4%, profits at 70.4%, and the PEG sits at 0.24 — below its growth rate. That combination is rare. Check Fundamentals of Shringar House of Mangalsutra Limited.

Popular Vehicles and Services Limited (NSE: PVSL) announced the commencement of full-scale commercial operations of Yanik, its e-commerce marketplace for automotive spare parts. This launch marks a significant step in PVSL’s strategy to build a stronger digital and retail parts ecosystem by complementing its established physical spare-parts distribution network with a scalable digital channel.

Key Features of Yanik

Designed primarily as a B2B marketplace, Yanik connects automotive parts suppliers with customers such as spare-parts dealers and independent garages, enabling them to discover and procure products through a unified digital platform. Yanik currently offers access to over 13,000 verified automotive parts across major categories, including engine components, brake systems, suspension, transmission, gearboxes, electrical parts, and body and interior components.

Strategic Growth and Future Prospects

The platform provides customers with a convenient digital interface for sourcing products for vehicle maintenance, repair, and performance requirements. By extending this ecosystem digitally through Yanik, the company aims to improve product accessibility, widen customer reach, and build a more scalable aftermarket business across its network. Mr. Naveen Philip, Managing Director, commented on the development, saying, ‘The commencement of full-scale operations at Yanik marks an important milestone in our strategy of building a comprehensive aftermarket ecosystem. Yanik enables us to extend these capabilities digitally and make spare parts more accessible to a wider customer base.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Popular Vehicles and Services Limited

Popular Vehicles and Services Limited belongs to the Consumer Cyclical › Auto & Truck Dealerships sector. Here’s a quick read on where the business and the stock stand today.

Popular trades in the lower quarter of its 52-week range. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI stands at 29, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Revenue grows at 9.6% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 2.4% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of Popular Vehicles and Services Limited.

Popular Vehicles and Services Limited (NSE: PVSL), one of India’s leading fully integrated automotive dealership player, announced today that its promoter family has concluded an amicable family settlement under which one of its three promoters, Mr. John K. Paul, will step away from the Company’s businesses to pursue other opportunities outside the existing enterprise effective from 1st October 2026.

Family Settlement Details

The settlement was reached in a spirit of mutual understanding and respect. To preserve family unity and long-term goodwill, and to give each member the freedom to pursue his or her own goals, the family agreed on a structure that serves the interests of all parties.

Business Continuity

The Company’s operations will continue to be led by the two remaining promoters, Mr. Francis K. Paul and Mr. Naveen Philip. They have played the central role in shaping the Company’s strategic direction, its expansion plans and its major business decisions, and they will continue to steer its growth. The holding of Mr. John K. Paul, which is around 20%, will be transferred to the two continuing promoters in multiple tranches by 31st December 2029. This settlement will have no impact on the Company’s day-to-day operations, its franchise arrangements, or its commitments to customers, employees, franchisors, vendors, lenders and other business partners.

Future Outlook

All existing outlets and operations will continue as usual, and the Company’s growth plans remain on track. The trade names ‘Kuttukaran’ and ‘Popular’ will continue to be used by the family members. The Company’s present logo will remain with the Company and will not be transferred, even if the family were to transfer this business to any other person in the future. Under the settlement, the outgoing promoter has agreed not to engage, directly or indirectly, in any business that competes with the franchise operations of the Company and its group entities at their existing places of business, on the terms agreed between the parties.

Commenting on the development, Mr. Naveen Philip Managing Director said, ‘This settlement reflects the strength of our family bonds and our shared commitment to doing what is right for everyone involved. We thank Mr. John K. Paul for his contributions over the years and wish him every success in the future. Our focus remains on delivering quality and value to our customers, partners and employees.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Popular Vehicles and Services Limited

Popular Vehicles and Services Limited belongs to the Consumer Cyclical › Auto & Truck Dealerships sector. Here’s a quick read on where the business and the stock stand today.

Popular trades in the lower quarter of its 52-week range. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI stands at 25, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. Revenue grows at 9.6% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 3.7% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of Popular Vehicles and Services Limited.