Stocks That Hit Circuit Limits On March 28, 2025: Punjab Chemicals, Godfrey Phillips, and More

On March 28, 2025, BSE Sensex closed 191.51 pts lower at 77,414.92, while Nifty50 closed at a slight downturn of of 72.60 pts at 23,519.35. Even as the markets remained steady, stocks like Punjab Chemicals and Godfrey Phillips hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on March 28, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
ORIANA 1,311.90 -4.67 5 1.69 22.62
VAKRANGEE 9.5 -3.85 5 143.49 14
KESORAMIND 4.19 -5.2 5 298.41 12.68
EXICOM 146.7 -4.68 5 7.16 10.81
SHAILY 1,827.35 -5 5 0.56 10.3

Stocks That Hit Upper Circuit on March 28, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
IGIL 386 3.64 5 25.35 98.66
PUNJABCHEM 954.9 13.81 20 8.69 83.38
GODFRYPHLP 6,770.00 4.72 5 1.01 68.23
TARIL 536 4.56 5 12.38 66.14
EPACK 368.75 5 5 15.31 56.25

Overview of Companies Hitting Circuits Today

  • Punjab Chemicals and Fertilisers Ltd (PUNJABCHEM)

Punjab Chemicals displayed significant bullish momentum, hitting its upper circuit of 20%, closing at ₹954.9. This represented a substantial gain of ₹137.95 from its previous close of ₹816.95. The stock opened at ₹816.95 and traded strongly throughout the session, reaching its intraday high at the circuit limit. The volume was notable at 8.69 lakh shares, with a value of ₹83.38 crores, indicating strong buying interest driving the price surge.

  • Godfrey Phillips India Ltd (GODFRYPHLP)

Godfrey Phillips also experienced positive price action, hitting its upper circuit of 5%, closing at ₹6,770.00. The stock rose by ₹304.00 from its previous close of ₹6,466.00. Opening at ₹6,480.00, it saw consistent buying pressure, eventually reaching its upper limit for the day. The volume was relatively lower at 1.01 lakh shares, with a value of ₹68.23 crores, suggesting that even with limited trading, the buying interest was strong enough to push the price to its circuit.

  • EPACK Durable Consumer Electronics Ltd (EPACK)

EPACK Durable continued its upward trajectory, hitting its upper circuit of 5% and closing at ₹368.75. The stock gained ₹17.55 over its previous close of ₹351.20. Opening at ₹351.20, it traded steadily upwards, reaching its peak at the upper circuit. The volume was significant at 15.31 lakh shares, with a value of ₹56.25 crores, indicating active participation in the stock as it moved higher.

  • ORIANA Clean Energy Ltd (ORIANA)

On the other end of the spectrum, ORIANA Clean Energy faced strong selling pressure, hitting its lower circuit of 5% and closing at ₹1,311.90. This represented a decline of ₹64.45 from its previous close of ₹1,376.35. The stock opened at ₹1,376.35 and experienced consistent selling, driving it down to its lower limit. The volume was 1.69 lakh shares, with a value of ₹22.62 crores, suggesting that selling pressure was significant enough to trigger the circuit.

  • KESORAM INDUSTRIES LTD (KESORAMIND)

KESORAM Industries also faced bearish sentiment, hitting its lower circuit of 5.2%, closing at ₹4.19. The stock fell by ₹0.23 from its previous close of ₹4.42. Opening at ₹4.42, it saw persistent selling throughout the day, eventually hitting its lower limit. The volume was very high at 298.41 lakh shares, with a value of ₹12.68 crores, indicating substantial selling activity pushing the stock downwards.

Conclusion

The stock market fell on March 28, 2025, with benchmark indices falling notably. Despite the muted overall movement, several stocks, including Godfrey Phillips and Punjab Chemicals, hit their circuit limits, reflecting strong stock-specific momentum. These price movements indicate selective investor interest in certain sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

 

Mahila Samman Savings Certificate (MSSC) vs Mahila Yojana

The Mahila Samman Savings Certificate (MSSC) is a laudable step towards financial empowerment Indian women. It was launched by the Department of Economic Affairs, which comes under the Ministry of Finance. The scheme aims to provide a secure and attractive investment option for women and girls across India.

Unique Benefits and Features of Mahila Samman Savings Certificate

Mahila Samman Savings Certificate offers several distinct advantages. This includes:

  • Attractive Interest Rate: It offers a fixed interest rate of 7.5% per annum, compounded quarterly, ensuring steady growth of savings.
  • Flexible Investment Options: Women can invest a minimum of ₹1,000 and up to a maximum of ₹2,00,000, allowing flexibility based on their financial capacity.
  • Short Tenure: With a maturity period of just 2 years, it caters to short-term financial goals.
  • Partial Withdrawal Facility: Account holders can withdraw up to 40% of their balance after one year, providing liquidity when needed.
  • Wide Accessibility: The scheme is available through Post Offices and authorised banks across India, making it easily accessible to women nationwide.

How MSSC Differs from Other Government Schemes

MSSC’s targeted focus on investments and savings sets it apart from other government schemes. Schemes like the Maiyan Samman Yojana offer direct financial assistance, and the Mahila Samridhi Yojana (MSY) supports entrepreneurship through training and micro-credit.

However, MSSC encourages women to save and grow their money securely. This fosters financial independence through consistent investments rather than receiving direct aid for business support.

Conclusion

The Mahila Samman Savings Certificate is a critical investment tool for women who desire financial empowerment and security. By encouraging the habit of saving and offering a relatively secure investment platform, Mahila Samman Savings Certificate will play a key role in improving the financial standing of Indian women.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Ultratech Cement Share Price Falls Despite Plans to Commission New Projects

Ultratech Cement share price saw a slight increase on March 27. The stock rose to ₹11,639 apiece. This followed the company’s announcement of successful expansions. These expansions are across multiple locations in India. They will significantly boost the company’s production capacity.

Ultratech Cement Share Price Outperforms Nifty 50

Over the past month, the cement giant’s stock has performed well. It surged by 14%. This notably outperformed the Nifty 50 index. The benchmark index only increased by 6% during the same period.

Capacity Expansion At The Maihar Facility

UltraTech Cement has commenced operations at its Maihar facility. This facility is located in Madhya Pradesh. A clinker capacity of 3.35 million tonnes per annum (mtpa) is now operational. Additionally, one of the two planned cement mills is also operational. This mill has a capacity of 2.7 mtpa. The second grinding mill is expected to be commissioned in Q1 FY26.

The company stated its enthusiasm over these developments. The brownfield clinker capacity and the first cement mill are now operational at Maihar. The second grinding mill is expected in the first quarter of FY26. This information was shared in a regulatory filing.

Expansions In Maharashtra And West Bengal

Furthermore, UltraTech Cement completed brownfield expansions at other locations. These include grinding units in Dhule, Maharashtra. This expansion adds 1.2 mtpa. Another expansion was in Durgapur, West Bengal, adding 0.6 mtpa. The company also launched its first bulk terminal in Uttar Pradesh. It is strategically located in Lucknow. The terminal has a handling capacity of 1.8 mtpa.

Increased Production Capacity

As a result of these expansions, UltraTech’s domestic grey cement production capacity has increased. It now stands at 183.36 mtpa. The company’s overall global capacity has also expanded. Including international operations, it is now 188.76 mtpa.

Conclusion

UltraTech Cement’s stock saw a mild increase after announcing successful capacity expansions. These expansions boost its production and global standing. UBS upgraded the stock, citing strong execution and growth prospects.

As of 2.22 PM on Friday, 28 March, Ultratech Cement share price was down 0.88%, and was trading at ₹11,497.0.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Samvardhana Motherson Share PriceRises After Tariff Clarification

Samvardhana Motherson share price jumped by nearly 4% on early Friday. This followed the company’s clarification on potential US tariffs. The tariffs, proposed by US President Donald Trump, are targeted at imported cars and auto components.

The company stated most of its US-bound products are US-made or USMCA-compliant. Thus, the tariffs are unlikely to significantly impact its financials.

However, future impact depends on specific tariff details. These include product, component, and territory inclusions. The stock had fallen sharply on Thursday after the tariff announcement. The US is Samvardhana’s second-largest market, contributing 20% of revenue.

Samvardhana Motherson Share Price Performance And Financials

Samvardhana Motherson is India’s largest auto parts maker. The company reported a net profit of ₹879 crore for Q3 FY25. This was higher than the ₹542 crore in the same period last year. However, investors are disappointed, as they were expecting a larger profit. Weak global car sales were cited as a contributing factor by the management.

Global car sales declined by about 1% in the December quarter. This affected the company’s profitability. Margins in its modules and polymers business also decreased. They fell to 8% from 8.8%. This segment used to be a major revenue driver for the company.

Samvardhana Motherson share price has shown mixed performance. It has gained over 12% in the past year. However, it has declined by over 15% year-to-date. The recent rise reflects investor relief after the tariff clarification. The company’s significant US presence mitigates immediate concerns.

Conclusion

Samvardhana Motherson share price rebounded after clarifying the limited impact of US tariffs. This is due to its US manufacturing and USMCA compliance. Earlier tariff worries had negatively affected the share price. The stock’s future performance will depend on tariff developments and market conditions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

NHPC Share Price Rises Over Sector Despite Conflicting Long-Term Signals

NHPC share price showed strong performance today. It gained 5.17% during the early trading hours of March 28, 2025. This outperformed the sector by 4.55%. The stock has risen for 2 consecutive days. It has increased by 5.61% in this period. Intraday, the stock reached a high of ₹85.5. This represents a 5.24% increase.

Year-to-Date and Long-Term Performance

The year-to-date performance of NHPC is positive. It stands at 5.70%. This contrasts with the Sensex. The Sensex has declined by 0.88% during the same period. Over a longer period, NHPC has delivered significant returns. The stock has increased by 339.69% in the past 5 years. The Sensex’s increase during this time was 159.77%.

Based on news reports, power sector stocks in India have lost nearly 5.12% in a year. They have fallen by around 11% in 6 months. However, NHPC share price has defied this performance. The stock touched a record high of ₹118.85 on July 15, 2024. It recorded its 52-week low on February 12, 2025, where it reached ₹71.01.

As of 12.56 PM, NHPC share price was UP 3.41% and was trading at ₹84.05.

About NHPC

NHPC is India’s largest hydropower producer. It is expected to commission a new projects worth 2,170 MW by 2026. In public interviews, NHPC’s CMD Mr. Raj Chaudhary has also disclosed the company’s plans to commisssion a 2,000 MW Subansiri hydropower plant in Arunachal Pradesh.

NHPC’s current operational capacity is roughly 7,233 MW. 6,571 MW of this capacity is from hydropower and the remaining is from renewable energy. It operates nearly 22 hydropower projects across different regions in India.

By the end of March 2025, NHPC will commission 5 of 8 units of the 800 MW Parbati-II hydroelectric power project in Himachal Pradesh. This will increase its existing hydropower capacity to 24,982 million units.

In December 2025, the company will commission the 120 MW Rangit-IV Hydroelectric Project in Sikkim. This is enhancing investors’ interests in the company.

Conclusion

NHPC’s share price performance is surpassing the struggles of India’s power sector. This is driven by positive investor sentiment regarding its business expansion plans. This especially includes its upcoming plans for commissioning large-scale hydropower projects. Despite mixed long-term signals, the near-term gains reflect confidence in NHPC’s growth trajectory.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Newgen Software Secures US$1.385 Million Contract

Newgen Software share price gained 2% on Thursday. The stock price reached ₹986 apiece on March 27. This followed the company’s announcement of securing an Enterprise Content Management Solution contract worth US$1.28 million. The contract is expected to be executed over the coming 5 years.

Newgen Software Share Price Performance

Over the past 6 months, Newgen Software share prices have faced pressure. They have tumbled by over 30%, in contrast to the Nifty 50 index, which declined by 10% during the same period.

Additional Business Wins

Adding to its recent business momentum, Newgen Software secured another agreement last month. The company executed a Statement of Work (SoW) with a US-based client. This 3 year agreement is valued at US$1.93 million. It has further strengthened Newgen’s position in the global market.

Strong Q3 Financial Results of Newgen Software 

In the third quarter, Newgen Software witnessed a 31% growth in net profit. It surged to ₹89 crore from ₹68 crore during the same period last year. This growth was driven by strong operational execution and improved profit margins.

Revenue for the quarter also climbed by 17.7% to ₹381 crore. This is compared to ₹323.7 crore last year. The increase in revenue was driven by rising demand for Newgen’s digital transformation solutions. This spans across multiple sectors.

On the operational front, the company posted a significant jump in EBITDA. Earnings Before Interest, Taxes, Depreciation, and Amortisation rose by 40.2%. EBITDA soared to ₹107.8 crore. Meanwhile, EBITDA margins expanded by 28.3%. This is a notable up from 23.8% last year, driven by improved cost efficiencies.

Conclusion

Newgen Software’s stock saw a rise after a new contract win. However, it has faced downward pressure recently. Jefferies downgraded the stock despite strong Q3 results. Valuation concerns and moderated growth expectations were cited.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Government to Launch “Sahkar Taxi”, A Cooperative Taxi Service Soon

The Indian government is planning to launch a new cooperative-based taxi service. It will be called “Sahkar Taxi” which will operate across the country. It aims to provide an alternative to popular ride-hailing platforms. Ola and Uber are examples of these platforms.

This move will place the government in competition with existing players. Uber, Ola, and Rapido are already in the market. New aggregators like BluSmart are also emerging. All players are vying for a larger share of the Indian market.

Features of Sahkar Taxi

Union Minister Amit Shah announced the plan in Parliament on Wednesday. He stated that the new service will register various types of vehicles. These include two-wheeler taxis and rickshaws. Four-wheeler taxis will also be registered.

Unlike private company services, Sahkar Taxi will operate differently. All profits generated by the service will go directly to the drivers. This is in contrast to the current model where profits go to large corporations.

The Union Cooperation Minister explained the concept. He said that in the coming months, the government will launch Sahkar Taxi. This will be a cooperative service, similar to Ola and Uber. The service will include two-wheeler taxis, rickshaws, and four-wheeler taxis.

Existing Models in Other States

A similar model is already in place in West Bengal. The state government launched a service called Yatri Sathi. It now operates in other cities like Siliguri, Asansol, and Durgapur. It offers several features. This includes quick dispatch and local language support (Bengali and English ). Their fares are extremely affordable.

Besides, the service provides 24/7 customer support. This makes it a convenient option for passengers in the region.

In Karnataka, a privately owned taxi service app follows a similar model. The app is called Namma Yathri. It ensures that all profits go directly to the drivers. The app offers a range of services. These include cabs, two-wheelers, and four-wheelers. It also offers pooling options. This gives drivers more control over their earnings.

Conclusion

The Indian government’s plan to launch Sahkar Taxi aims to offer a driver-centric alternative in the ride-hailing market. By ensuring profits go to drivers, it differentiates itself from existing platforms. Models in West Bengal and Karnataka provide a precedent for this approach.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Kinetic Engineering Receives Approval for ₹177 Crore Investment

Kinetic Engineering has received in-principle approval from the Bombay Stock Exchange (BSE). The approval is for an investment proposal worth ₹177 crore. Shareholders overwhelmingly supported the proposal. 99.9967% voted in favor of the fund infusion. This indicates strong confidence in the company’s growth strategy.

Details of Kinetic Engineering’s Investment Proposal

The investment will be raised through convertible warrants. A total of 1,03,56,725 warrants will be issued. The first tranche of ₹55 crore is expected soon. It is scheduled for infusion before March 31, 2025.

The funds will be allocated to various areas. Capital expenditure is one. Tooling and expansion activities will also be funded. These activities will be across Kinetic Engineering and its EV subsidiaries, including Kinetic Watts and Volts. The remaining amount will be invested over the next 18 months.

Regulatory and Shareholder Approvals Secured

The company confirmed that the proposal has cleared all necessary hurdles. These include regulatory and shareholder approvals. SEBI has also given its approval.

The new investment pool includes contributions from various sources. The promoter group is contributing. Key investors such as Transaction Square LLP and Sai Geeta Penumetsa are also participating. This broad base of support indicates trust in Kinetic’s direction.

Kinetic Engineering’s Focus on the Electric Mobility Division

The electric vehicle division, Kinetic Watts and Volts, is set to be the main beneficiary. The new capital will primarily support this division. Kinetic Watts and Volts aims to capitalise on the growing EV market. This segment is expanding due to favorable government policies. Increasing environmental concerns are also driving demand.

Management’s Perspective on the Investment

The senior management of Kinetic Group has highlighted this event as a milestone for Kinetic Engineering. It signifies the ongoing transformation of the company. The goal is to unlock new opportunities, build capacity, and create lasting value for all stakeholders.

Promoter Group to Increase Shareholding

Signaling strong promoter backing, the group plans to increase its stake. They aim to raise their shareholding from 59% to 70%. This is targeted for the financial year 2027. This step is intended to reinforce long-term involvement. It will also provide stability as the company ramps up operations. This is particularly relevant in the evolving electric vehicle space.

Conclusion

Kinetic Engineering has secured approval for a significant investment. This funding will support their growth and EV ambitions. Strong backing from shareholders and promoters indicates confidence in the company’s future.

As of 3.14 PM, Kinetic Engineering share price was down 3.89% and was trading at ₹168.00

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

United Spirits Share Price in Focus as Board Meets to Decide on Dividend Today

United Spirits share price will be in focus today. The company’s board of directors will meet to declare a dividend. United Spirits shares closed slightly lower in the previous session. This was ahead of the board meeting.

Board Meeting Scheduled for Dividend Decision

The meeting of the board of directors of United Spirits is scheduled for today. The purpose is to consider and approve an interim dividend.

Dividend Payment Date Not Yet Announced

The company has not yet announced the payment date for the dividend. The board meeting will decide on the declaration. If declared, the payment date will be announced later.

Revised Dividend Record Date

United Spirits has revised its record date for dividend payment. The new record date is Thursday, April 3, 2025. Previously, the company had set April 2 as the record date. The interim dividend, if declared, will be paid to shareholders. Their names must appear on the company’s register.

Alternatively, they should be in the records of the depositories. This is because dividends are only paid to beneficial owners of the shares.

United Spirits Dividend History

United Spirits last declared a final dividend on July 12, 2024. The dividend was ₹5.00 per equity share. Before that, the company issued an interim dividend. This was ₹4.00 per share on November 17, 2023.

Earlier, United Spirits announced dividends in 2013 and 2012. Both were ₹2.50 per share.

United Spirits Share Price Performance

The United Spirits share price has shown a marginal gain recently. It increased by 1% over the past month. However, the stock has declined this year. On a year-to-date basis, it is down by 18%.

Over the past year, United Spirits shares have surged by 21%. In the last two years, the stock has gained 78%. Over 5 years, United Spirits stock has delivered strong returns of 178%.

On Wednesday, United Spirits share price ended lower. The decrease was 0.48%. The closing price was ₹1,359.60 apiece on the BSE.

Conclusion

United Spirits’ board is meeting today to decide on an interim dividend. The record date for the dividend has been revised to April 3, 2025. The stock has shown mixed performance recently.

As of 2.01 PM, the United Spirits share price was up by 2.49% and was trading at ₹1,395.40.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Sunteck Realty Share Price Rises As Company Plans to Invest US$10-20 Million in SLIPL

Sunteck Realty share price are being closely watched today. Yesterday, the company announced its decision to invest in its subsidiary. The investment will be in Sunteck Lifestyle International Private Limited (SLIPL). The amount is expected to be between $10 and $20 million. This will be done either via equity/preference shares or convertible securities.

Investment in Wholly Owned Subsidiary

SLIPL is a wholly owned subsidiary of Sunteck Realty. It was incorporated in Mauritius. It was established as a private company on October 25, 2013. The primary business activity of SLIPL is that of an investment holding company. The turnover of the company has been nil for the past 3 financial years. These include 2023-24, 2022-23, and 2021-22.

Funds to Support Dubai Project

The proceeds from this investment will be utilised by SLIPL. The purpose is to make further investment in entities. These entities are directly or indirectly involved in the existing Dubai Project. The company disclosed this information in a stock exchange filing on Wednesday.

Related Party Transaction Details

Since Sunteck’s transaction is with its wholly owned subsidiary, it has been classified as a related party transaction. However, the company stated that it will be conducted on an arm length basis. The company also clarified that none of its promoters or promoter group companies have any interest in this transaction.

Investment Timeline

The infusion of funds will occur in one or more tranches. The timing will depend on the financial requirements of the existing Dubai Project. This investment is planned to take place for approximately 24 months.

Recent Stock Performance

On Wednesday, Sunteck Realty share price closed at ₹386.95 on the BSE. The stock experienced a decline of ₹11.90. This represents a fall of 2.98% compared to the previous closing price.

The stock has underperformed the market this year. It has fallen by over 24% year-to-date. Its one-year returns are also negative, standing at -3.3%. In contrast, the BSE Sensex has shown gains. It has risen by 6.7% in the past year. The Sensex’s year-to-date fall is 1.5%.

Conclusion

Sunteck Realty will invest US$10-$20 million in its subsidiary for the Dubai project. This investment aims to support their international ventures. The stock has underperformed recently but remains focused on its development plans.

As of 1.08 PM, Sunteck Realty share price was up 2.30% and was trading at ₹395.30.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.