From 5G markets to IPO hubs: Surprising insights from India’s growth story

Did you know? India became the world’s second-largest smartphone market, overtaking the U.S.!

India has overtaken the US to become the world's second-largest 5G smartphone market, trailing behind China.

Source: Counterpoint Market Monitor Service; Note: Numbers may not add to 100% due to rounding

Global 5G handset shipments grew 20% YoY in the first half of 2024. Apple and Samsung dominated the global rankings. Xiaomi emerged as a key player with India as its primary growth driver, achieving remarkable triple-digit growth in India, making it one of the strongest-performing brands in the market.

Source: Counterpoint Market Monitor Service

Did you know? Every company listed on Indian stock exchanges, whether small-cap or large-cap, thrives not only on market fundamentals but also on the support of this city.

In the late 1970s, Dhirubhai Ambani went there to pitch the public issue of Reliance Industries. The meeting was held in a community hall, as there were no big hotels at the time. This city, none other than Rajkot, is not only the country’s third-largest source of retail IPO applications but also hosts the largest grey market for IPO shares in the country. Nearly 25% of its population actively participates in the stock market.

Rajkot has consistently ranked in top 3 or near that for the number of applications in IPO’s or FPO’s

Source: The Ken, * Retail applications were marginally lower (< 3%) than Surat

Did you know? Asian Paints, a major player in the paint industry, has been underperforming compared to the Sensex in recent years.

Over the last three years, Asian Paints has delivered a return of -23.8%, significantly underperforming the BSE Sensex's 31.1% gain. Despite its position as a market leader, Asian Paints has faced increasing competition. This year has been especially tough, with its stock dropping -21% while the overall market moved up.

The key takeaway for investors is that while Asian Paints is a strong long-term company, even well-established players can go through periods of underperformance. It's important to regularly review your investment decisions and consider other opportunities as market conditions and company dynamics change.

Source: BSE, Investing.com