The board of NMDC Ltd. has declared its first interim dividend of ₹2.30 per equity share of face value ₹1 each for the financial year 2024-25. The announcement was made on Monday, March 17, through an exchange filing.

Record Date and Ex-Dividend Date

The company has set the record date for the interim dividend on Friday, March 21. Shareholders holding NMDC shares as of this date will be eligible to receive the dividend payout.

Shares of NMDC will trade ex-dividend on or before the record date. When a stock goes ex-dividend, it no longer carries the value of the upcoming dividend, determining which shareholders qualify for the payout.

Stock Performance 

On March 17, 2025, NMDC share price ended 1.77% higher at ₹64.96. NMDC’s share price reached a 52-week high of ₹95.35, and a 52-week low of ₹59.70. As per BSE, the total traded volume for the stock stood at 9.32 lakh shares with a turnover of ₹6.04 crores.

At the current price, NMDC shares are trading at a price-to-earnings (P/E) ratio of 8.58x, based on its trailing 12-month earnings per share (EPS) of ₹7.57, and a price-to-book (P/B) ratio of 2.03, according to exchange data.

 

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.

The Board of Indian Railways Finance Corporation (IRFC) Ltd. has approved its second interim dividend of ₹0.8 per share for shareholders on Monday, March 17.

This marks the 9th instance of the state-run railway financier issuing a dividend payout since its listing in 2021.

IRFC Dividend History

Since its debut on the stock market, IRFC has declared a dividend of ₹1 or more per share only once, which was in February 2021. Over the past five dividend payouts, starting in 2022, the company has alternated between ₹0.8 per share and ₹0.7 per share.

Since its listing in 2021, Indian Railways Finance Corporation (IRFC) has consistently issued dividend payouts, totaling ₹7.05 per share to date.

The company’s dividend history includes ₹1.05 per share in February 2021, followed by ₹0.77 in November 2021. In September 2022, IRFC declared a dividend of ₹0.63 per share, which was later increased to ₹0.8 in November 2022.

In subsequent years, the company alternated between ₹0.8 and ₹0.7 per share, with payouts of ₹0.7 in September 2023, ₹0.8 in November 2023, ₹0.7 in August 2024, ₹0.8 in November 2024, and its latest dividend of ₹0.8 per share in March 2025.

Potential Government Stake Sale for MPS Compliance

IRFC is among the companies in which the government may consider selling a stake to comply with the Minimum Public Shareholding (MPS) norms.

The government currently holds an 86.36% stake in the company, which might require a reduction to meet regulatory guidelines.

Stock Performance 

On March 17, 2025, IRFC share price ended 0.89% higher at ₹118.75. IRFC’s share price reached a 52-week high of ₹229.05, and a 52-week low of ₹108.05. As per BSE, the total traded volume for the stock stood at 19.81 lakh shares with a turnover of ₹23.49 crores.

At the current price, IRFC shares are trading at a price-to-earnings (P/E) ratio of 23.74x, based on its trailing 12-month earnings per share (EPS) of ₹5, and a price-to-book (P/B) ratio of 3.02, according to exchange data.

 

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.

Indian markets are expected to be impacted today. At 7:20 AM, GIFT Nifty futures were up by 129.00 points at 22,737.00.

In the previous session, the Sensex jumped by 341.05 points (0.46%) to 74,169.96, while the Nifty50 gained by 111.55 points (0.50%) to 22,508.75.

Here are the key stocks to watch today on March 18, 2025:

Bajaj Finserv

Bajaj Finserv has announced the acquisition of Allianz SE’s entire 26% stake in their joint insurance ventures—Bajaj Allianz General Insurance Company Ltd (BAGIC) and Bajaj Allianz Life Insurance Company Ltd (BALIC). The deal is valued at ₹13,780 crore for BAGIC and ₹10,400 crore for BALIC. As part of the transaction, Bajaj Allianz General Insurance has been valued at ₹53,346 crore, while Bajaj Allianz Life Insurance is valued at ₹40,000 crore.

Swiggy

Swiggy has expanded its quick-commerce platform, Swiggy Instamart, to 100 cities across India, driven by growing demand in tier 2 and tier 3 markets. In 2025 alone, the company introduced its 10-minute delivery service in 32 new cities, including Raipur, Siliguri, Jodhpur, and Thanjavur.

Bank of Maharashtra 

The Securities and Exchange Board of India (SEBI) has issued an administrative warning letter to the Bank of Maharashtra for failing to conduct at least one meeting of the Nomination & Remuneration Committee in FY23 and FY24. However, the warning letter will not impact the bank’s financial, operational, or other activities.

HUL

The Competition Commission of India (CCI) has approved Hindustan Unilever‘s proposal to acquire Uprising Science, the parent company of beauty and personal care brand Minimalist.

ONGC

State-owned ONGC has received a Goods and Services Tax (GST) demand order of ₹22 crore from the Joint Commissioner, State Tax, Circle C, Jodhpur, for the period between April 1, 2020, and May 14, 2020. Issued under Sections 73 and 50 of the CGST Act, 2017, the order includes a GST recovery demand of ₹11.31 crore, interest of ₹9.50 crore, and a penalty of ₹1.13 crore.

NBCC

State-owned construction firm NBCC India has secured a ₹44.62 crore contract for project management consultancy (PMC) services from the Mahatma Gandhi Institute for Rural Industrialisation (MGIRI) in Wardha. The project includes overseeing the construction and development of infrastructure, along with a hostel and VIP guest house, under the EPC mode.

Shilpa Medicare

Shilpa Medicare announced that its wholly-owned subsidiary, Shilpa Biologicals Private Ltd (SBPL), has entered into a strategic co-development and commercialization partnership with Switzerland-based mAbTree Biologics AG for a novel biological entity (NBE) targeting immuno-oncology applications.

Under the binding term sheet, SBPL will support the development of mAbTree’s checkpoint inhibitor, including first-in-human clinical trials, and provide long-term commercial supply through its GMP manufacturing capabilities.

IRCON

IRCON International, in a joint venture with Badri Rai and Company, has secured an EPC contract worth ₹1,096.2 crore from the Government of Meghalaya. IRCON holds a 26% share in the venture, while Badri Rai holds 74%. The contract involves the construction of a new Secretariat Complex, including campus infrastructure, on an engineering, procurement, and construction (EPC) basis in New Shillong City, Meghalaya.

Aditya Birla Real Estate

Aditya Birla Real Estate’s subsidiary, Birla Estates, has launched its first residential project in Pune, Birla Punya, with an estimated revenue potential of ₹2,700 crore. Spread over 5.76 acres, the project will offer 1.6 million square feet of saleable area.

JM Financial

JM Financial has approved the transfer of its private wealth business to its wholly-owned subsidiary, JM Financial Services Ltd (JMFSL), through a slump sale valued at ₹11.08 crore. Effective from April 1, 2025, the move aims to consolidate the group’s wealth management services under a unified structure.

Coffee Day 

Coffee Day has reached a settlement agreement to clear ₹205 crore in outstanding dues owed to two debenture holders. The repayment will be made in three tranches, including ₹55 crore from the sale of 12.41% of pledged and invoked shares of Coffee Day Global Ltd to a third party. The company’s Audit Committee and Board approved the draft settlement agreement on March 17, 2025.

Suryoday Small Finance Bank

Baskar Babu Ramachandran, Promoter and Managing Director & CEO of Suryoday Small Finance Bank, has acquired 1.5 lakh equity shares from the open market. Following the transaction, the total promoter group holding in the bank has increased from 22.30% to 22.44%, while his stake has risen from 5.04% to 5.18%.

Raymond Lifestyle 

Raymond Lifestyle is set to replace ICICI Securities in the Nifty 500, Nifty Smallcap 250, and Nifty MidSmallcap 400 indices, effective March 21. The change follows the NSE’s announcement of the suspension of trading in ICICI Securities’ equity shares.

Conclusion

The latest corporate developments highlight significant industry acquisitions, expansions, and regulatory updates. Businesses are navigating growth and challenges from Bajaj Finserv’s stake acquisition to Swiggy’s rapid expansion and ONGC’s GST demand.

Strategic partnerships, project wins, and leadership moves further shape the market landscape, underscoring dynamic shifts in India’s financial, real estate, insurance, and commerce 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.

JB Chemicals & Pharmaceuticals Ltd announced on Friday, March 14, that its API (Active Pharmaceutical Ingredient) manufacturing facility (D9) in Panoli, Gujarat, has successfully cleared a US Food and Drug Administration (USFDA) inspection with no observations.

Zero Observations from USFDA

The inspection, conducted from March 10 to March 13, 2025, concluded without any Form 483 being issued, reaffirming the company’s commitment to regulatory compliance and quality manufacturing.

“The company remains committed to producing quality products, embedding a quality culture across the organisation, and continuously investing in systems, processes, and training of its employees to maintain the highest standards of quality and compliance for all its markets,” JB Chemicals stated.

Q3 FY25 Financial Performance

For the third quarter of the fiscal year, JB Chemicals & Pharmaceuticals reported a 21.6% year-on-year (YoY) rise in net profit, reaching ₹162.5 crore compared to ₹133.6 crore in Q3 FY24. The company’s revenue from operations grew 14.1% to ₹963.5 crore from ₹844.5 crore in the corresponding period of the previous fiscal year.

At the operating level, EBITDA increased by 14.1% to ₹254.5 crore in Q3 FY25, compared to ₹223.1 crore in the year-ago period. The EBITDA margin remained steady at 26.4%, reflecting consistent operational efficiency. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

Stock Performance 

On March 17, 2025, JB Chemicals & Pharmaceuticals share price traded 0.52% higher at ₹1,525.95 at 11:37 AM (IST). JB Chemicals & Pharmaceuticals’ share price reached a 52-week high of ₹2,029.00, and a 52-week low of ₹1,434.85. As per BSE, the total traded volume for the stock stood at 3,853 shares with a turnover of ₹58.76 lakhs.

At the current price, JB Chemicals & Pharmaceuticals shares are trading at a price-to-earnings (P/E) ratio of 72.75x, based on its trailing 12-month earnings per share (EPS) of ₹8.66, and a price-to-book (P/B) ratio of 2.29, according to exchange data.

 

 

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 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.

Dalmia Bharat announced on Saturday, March 15, that its material subsidiary, Dalmia Cement (North East) Ltd, has commenced commercial production at its newly expanded cement grinding facility in Lanka, Hojai district, Assam.

The expansion adds 2.4 million tonnes per annum (MTPA) to the company’s capacity.

Boost to Total Manufacturing Capacity 

With this expansion, Dalmia Bharat Group’s total cement manufacturing capacity has risen to 49 MTPA from the previous 46.6 MTPA. The company’s capacity utilisation currently stands at 60% on a pro-rata basis.

Investment and Financial Structure

The project, requiring an investment of ₹696 crore, has been funded through a combination of equity, debt, and internal accruals.

Stock Performance 

On March 17, 2025, Dalmia Bharat share price traded 1.32% higher at ₹1,627.25 at 10:13 AM (IST). Dalmia Bharat’s share price reached a 52-week high of ₹2,064.45, and a 52-week low of ₹1,602.00. As per BSE, the total traded volume for the stock stood at 1,302 shares with a turnover of ₹21.21 lakhs.

At the current price, Dalmia Bharat shares are trading at a price-to-earnings (P/E) ratio of 246.18x, based on its trailing 12-month earnings per share (EPS) of ₹6.61, and a price-to-book (P/B) ratio of 3.79, according to exchange data.

 

 

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 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.

IT services giant Wipro announced on Friday, March 14, a strategic realignment of its Global Business Lines (GBLs) to enhance its focus on artificial intelligence (AI), cloud, and digital transformation.

The restructuring aims to improve alignment with evolving client demands and will take effect from April 1, 2025.

Strategic Shift to Integrated, Outcome-Driven Solutions

According to a stock exchange filing, Wipro stated that clients increasingly seek integrated, outcome-driven solutions that enhance agility and innovation.

To meet these needs, the company will realign its GBLs while maintaining four business divisions, each designed to cater to distinct client buying behaviours.

Restructured Business Divisions

Under the new structure, Wipro’s GBLs will be divided as follows:

• Technology Services: 

Led by Nagendra Bandaru, this division will offer cloud-enabled and industry-specific technology solutions. Its primary focus areas will include digital and industry cloud, cybersecurity, AI, enterprise applications, and infrastructure services.

• Business Process Services (BPS): 

Headed by Jasjit Singh Kang, this segment will focus on driving digital operations and business process transformation to optimise efficiency and customer experience.

• Consulting Services: 

Under the leadership of Amit Kumar, this unit will provide strategic advisory and transformation services to help clients navigate complex business challenges and digital shifts.

• Engineering & R&D Services: 

Led by Srikumar Rao, this division will continue delivering advanced engineering solutions and research & development (R&D) services to support innovation across industries.

Capco Remains Unchanged; Leadership Changes Announced

Wipro confirmed that its subsidiary Capco, which provides consulting services to financial institutions, will remain unchanged under the leadership of Anne-Marie Rowland.

Meanwhile, Jo Debecker, head of Wipro FullStride Cloud, has decided to exit the company, marking a key leadership transition amid the restructuring.

CEO’s Vision for the Realignment

Emphasising the company’s strategy behind the restructuring, Wipro’s Chief Executive Officer and Managing Director, Srini Pallia, stated: “This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions. This realignment will allow us to serve our clients better, enabling us to deliver tailored, high-impact transformation.”

Stock Performance 

On March 17, 2025, Wipro share price traded 0.55% lower at ₹262.50 at 9:46 AM (IST). Wipro’s share price reached a 52-week high of ₹324.55, and a 52-week low of ₹208.40. As per BSE, the total traded volume for the stock stood at 0.49 lakh shares with a turnover of ₹1.29 crores.

At the current price, Wipro shares are trading at a price-to-earnings (P/E) ratio of 26.55x, based on its trailing 12-month earnings per share (EPS) of ₹9.88, and a price-to-book (P/B) ratio of 4.35, according to exchange data.

Conclusion

Wipro highlighted that the restructuring is designed to strengthen its go-to-market approach, ensuring deeper alignment with industry trends and shifting client demands.

By refining its business structure, Wipro aims to position itself at the forefront of AI-driven transformation and cloud-based solutions, reinforcing its commitment to delivering high-value digital services to clients worldwide.

 

 

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 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.

Infosys announced on Friday, March 14, that its subsidiary, Infosys McCamish Systems LLC, has reached an agreement in principle to settle six class action lawsuits in the United States. These lawsuits stemmed from a cyber incident that was reported in November 2023.

Settlement Terms and Mediation Outcome

Following mediation on March 13, 2025, McCamish and the plaintiffs agreed to settle all pending lawsuits, including those filed against both McCamish and its customers.

As per the proposed settlement, McCamish will contribute $17.5 million into a settlement fund to resolve all claims.

Company’s Statement 

According to a stock exchange filing, Infosys stated, “We would like to update that Infosys has reached an agreement in principle with the plaintiffs of these lawsuits pending against Infosys McCamish Systems LLC (McCamish) and a few of McCamish’s customers. This proposed agreement would settle all the pending class action lawsuits and resolve all allegations made in this matter.”

Finalisation and Court Approvals Required

While an agreement has been reached in principle, the settlement remains subject to due diligence, confirmation by plaintiffs, finalisation of terms, and preliminary and final court approvals.

Infosys emphasised that, once approved, the settlement will resolve all allegations without any admission of liability.

No Admission of Liability

“The proposed terms are subject to confirmation and due diligence by the plaintiffs, finalization of the terms of the settlement agreement, as well as preliminary and final court approval. Once approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability,” Infosys added.

Cybersecurity Concerns and Resolutions

The lawsuits originated from a cybersecurity incident reported in November 2023, which affected McCamish and its customers.

The settlement aims to bring closure to the legal disputes arising from the breach while enabling Infosys McCamish to focus on strengthening its cybersecurity measures and customer relationships.

Stock Performance 

On March 17, 2025, Infosys share price traded 0.81% lower at ₹1,566.45 at 9:20 AM (IST). Infosys’ share price reached a 52-week high of ₹2,006.80, and a 52-week low of ₹1,359.10. As per BSE, the total traded volume for the stock stood at 0.15 lakh shares with a turnover of ₹2.38 crores.

At the current price, Infosys shares are trading at a price-to-earnings (P/E) ratio of 23.74x, based on its trailing 12-month earnings per share (EPS) of ₹66.03, and a price-to-book (P/B) ratio of 7.87, according to exchange data.

Conclusion 

The settlement marks a significant step for Infosys McCamish in resolving legal disputes stemming from the 2023 cyber incident.

While subject to final approvals, the agreement allows the company to move forward without admitting liability, focusing on enhancing cybersecurity measures and maintaining strong customer relationships in the future.

 

 

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 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.

The Adani Group has emerged as the highest bidder for the ₹36,000 crore redevelopment project at Mumbai’s Motilal Nagar.

This marks the conglomerate’s second major redevelopment project after securing the Dharavi redevelopment initiative.

Approval from Bombay High Court Paved the Way

The project win comes just a week after the Bombay High Court granted permission to the Maharashtra Housing and Area Development Authority (MHADA) to proceed with the redevelopment of Motilal Nagar through the Construction and Development Agency (C&DA).

Following the court’s approval, the state government classified it as a special project under MHADA’s jurisdiction, though the actual redevelopment work will be undertaken by an agency.

Details of the Motilal Nagar Redevelopment Project

The 143-acre redevelopment project at Motilal Nagar I, II, and III in Goregaon West, Mumbai, will be handled by Adani Properties Pvt Ltd, a subsidiary of the Adani Group.

The company offered a built-up area of 3.97 lakh square meters in its bid. With the Adani Group winning the bid, the Letter of Allotment (LoA) is expected to be issued soon.

MHADA’s Role in the Project

Under the redevelopment initiative, MHADA will rehabilitate 3,372 residential units, 328 eligible commercial units, and 1,600 eligible slum dwellings.

Additionally, illegal structures within the project area will be removed as part of the redevelopment process.

Adani Group’s Expanding Redevelopment Portfolio

The Motilal Nagar redevelopment project marks Adani Group’s continued expansion in urban renewal projects. Previously, the Adani Group, led by billionaire Gautam Adani, secured the Dharavi slum redevelopment project with a $610 million bid.

Stock Performance 

On March 13, 2025, Adani Enterprises share price ended 0.88% lower at ₹2,221.95. Adani Enterprises’ share price reached a 52-week high of ₹3,743, and a 52-week low of ₹2,026.90. As per BSE, the total traded volume for the stock stood at 0.28 lakh shares with a turnover of ₹6.35 crores.

At the current price, Adani Enterprises shares are trading at a price-to-earnings (P/E) ratio of 100.91x, based on its trailing 12-month earnings per share (EPS) of ₹22.02, and a price-to-book (P/B) ratio of 14.47, according to exchange data.

Conclusion 

The Adani Group’s win of the ₹36,000 crore Motilal Nagar redevelopment project reinforces its growing presence in Mumbai’s urban renewal sector.

With Bombay High Court’s approval and MHADA’s oversight, the project aims to rehabilitate thousands of residents.

As Adani Group continues expanding its redevelopment portfolio, the transformation of Motilal Nagar will be a significant milestone.

 

 

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 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.

 

Indian Railway Finance Corporation (IRFC) has scheduled a board meeting on Monday, March 17, 2025, to consider the declaration of a second interim dividend for the financial year 2024-25. The decision, if approved by the board, will benefit eligible shareholders.

Record Date Set for IRFC’s Second Interim Dividend

To determine the shareholders eligible for the interim dividend, IRFC has set March 21, 2025, as the record date. Investors holding shares as of this date will be entitled to receive the dividend, subject to the board’s final approval.

Financial Performance in Q3 FY25

For the third quarter of the financial year 2024-25, IRFC reported a revenue of ₹6,763 crore, which is nearly at par with the ₹6,737 crore recorded in the same quarter last year.

The company’s net profit for the period rose by 2% year-on-year to ₹1,630 crore, indicating a steady growth trajectory.

Government’s Stake in IRFC 

IRFC, a key railway sector financier, is also among the public sector undertakings (PSUs) where the government could consider a stake sale to comply with the Minimum Public Shareholding (MPS) norms.

Currently, the government holds an 86.36% stake in IRFC, which exceeds the 75% limit required for promoter shareholding under the MPS regulations.

As part of the broader strategy to align with these norms, IRFC remains on the list of potential PSUs where the government may dilute its stake in the future.

Stock Performance 

On March 13, 2025, IRFC share price ended 1.22% lower at ₹117.70. IRFC’s share price reached a 52-week high of ₹229.05, and a 52-week low of ₹108.05. As per BSE, the total traded volume for the stock stood at 9.59 lakh shares with a turnover of ₹11.36 crores.

At the current price, IRFC shares are trading at a price-to-earnings (P/E) ratio of 23.53x, based on its trailing 12-month earnings per share (EPS) of ₹5, and a price-to-book (P/B) ratio of 2.99, according to exchange data.

 

 

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 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.