8th Pay Commission: Will Level 10 Employees Get Over ₹1.6 Lakh?

The salary structure for central government employees in India has undergone significant evolution over the years, rising from ₹55 per month in 1946 to ₹18,000 per month currently. Various Pay Commissions have periodically recommended salary and pension hikes, considering economic factors and inflation rates.

With the recent announcement of the 8th Pay Commission, set for implementation from January 1, 2026, it is crucial to revisit the journey of salary revisions from the 1st to the 7th Pay Commission and analyse the anticipated changes in the 8th Pay Commission.

Historical Overview of Pay Commissions and Salary Revisions

1st Pay Commission (1947)

The 1st Pay Commission, implemented in 1947, aimed to improve the living standards of central government employees by establishing an equitable pay structure.

It set the minimum salary at ₹55 per month, with a highest-to-minimum salary ratio of 1:41, highlighting the need for fair wage distribution.

This impacted as the recommendations addressed post-independence challenges but highlighted the need for a better salary structure for lower-income groups.

2nd Pay Commission (1959)

The 2nd Pay Commission, implemented in 1959, raised the minimum salary to ₹80 per month, focusing on reducing wage disparities among central government employees.

It introduced provisions for family allowances and retirement benefits, enhancing financial security.

The salary revision addressed the economic challenges of the 1950s, providing much-needed relief to employees.

3rd Pay Commission (1973)

The 3rd Pay Commission, implemented in 1973, increased the minimum salary to ₹185 per month and introduced the Dearness Allowance (DA) to counteract inflation.

Aimed at achieving pay parity among different employee groups, the introduction of DA proved to be a game-changer, ensuring that salaries were adjusted in line with rising inflation rates.

4th Pay Commission (1986)

The 4th Pay Commission, implemented in 1986, raised the minimum salary to ₹750 per month and marked the first comprehensive restructuring of pay scales.

It also recommended significant hikes in housing and travel allowances. While the substantial salary increase improved employee satisfaction, the implementation faced criticism due to delays.

5th Pay Commission (1997)

The 5th Pay Commission, implemented in 1997, raised the minimum salary to ₹2,550 per month and recommended merging 50% of the Dearness Allowance (DA) with basic pay to enhance financial stability.

It also emphasised employee welfare schemes to improve overall benefits. While the salary increase boosted employees’ purchasing power, it also placed a significant financial burden on the government.

6th Pay Commission (2008)

The 6th Pay Commission, implemented in 2008, raised the minimum salary to ₹7,000 per month and introduced the Pay Band and Grade Pay system to streamline salary structures.

It also emphasised performance-based incentives to encourage efficiency and career growth. While the Pay Band system provided greater clarity on salary progression, delays in implementation led to dissatisfaction among employees.

7th Pay Commission (2016)

The 7th Pay Commission, implemented in 2016, increased the minimum salary to ₹18,000 per month and replaced the Pay Band and Grade Pay system with a simplified Pay Matrix.

Additionally, it introduced biannual revisions of Dearness Allowance (DA) to counter inflation and recommended improvements in pension benefits, ensuring better financial security for retirees.

Expected Salary Hike Under the 8th Pay Commission

Under the 7th Pay Commission, the fitment factor was set at 2.57, increasing the minimum basic pay from ₹7,000 to ₹18,000. The fitment factor is a multiplier applied to the basic pay to calculate new salaries under the revised Pay Matrix.

For the 8th Pay Commission, it is widely anticipated that the fitment factor will increase to 2.86, potentially raising the minimum basic pay to ₹51,480—an increase of 186% over the current ₹18,000.

Implementation Timeline and Possible Delays

The 8th Pay Commission is scheduled for implementation from January 1, 2026, meaning central government employees would receive increased salaries from February 2026 (which accounts for January’s pay).

However, since the government has not allocated funds for the commission’s implementation in the Union Budget 2025-26, there is speculation that the recommendations might be effective from the financial year 2026-27.

In this scenario, employees and pensioners would receive their increased pay along with arrears for the delayed implementation period.

Conclusion

The 8th Pay Commission is poised to bring a major salary revision for central government employees, with a substantial increase in basic pay expected.

While the proposed fitment factor suggests a significant jump, final decisions will depend on government considerations, economic constraints, and expert evaluations.

Employees and pensioners eagerly await further clarity on the final recommendations and their execution timeline.

 

 

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.

Thermax Secures 51% Stake in JV with OCQ to Boost Chemical Portfolio

Energy and environment solutions provider Thermax Ltd announced on Monday (March 10) that its wholly-owned subsidiary, Thermax Chemical Solutions Private Ltd, has entered into an exclusive shareholder’s agreement with Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ), a leading Latin American chemical company specialising in resins and polymers.

Thermax will hold a majority 51% stake in the newly formed company, while OCQ will retain a 49% share. The partnership is expected to create significant value by strengthening both companies’ global market presence and delivering high-performance chemical solutions to various industries.

Manufacturing and Operations in Gujarat

The new entity will be responsible for manufacturing, trading, marketing, and selling OCQ-formulated materials while leveraging Thermax’s extensive infrastructure, resources, and customer base.

To facilitate these operations, Thermax will adapt its existing industrial facility in Jhagadia, Gujarat, to accommodate the first production line for acrylic resins.

Focus on Acrylic Resins with Future Expansion Plans

Ashish Bhandari, Managing Director and CEO of Thermax emphasised the importance of the partnership, stating, “OCQ is a leading company in its space, and partnering with them will help us manufacture and deliver high-performance chemicals to a wide range of industries.”

Initially, production will be focused on acrylic resins, which are widely used in paints, adhesives, infrastructure, textiles, and waterproofing applications. In the future, the plant is expected to expand operations to include the manufacturing of polyester and alkyd resins, further broadening Thermax’s chemical solutions portfolio.

Strengthening Thermax’s Chemical Offerings

The new joint venture will significantly enhance Thermax’s chemical portfolio, which currently includes ion exchange resins, water treatment chemicals, oil field chemicals, and construction chemicals.

By diversifying its offerings, Thermax aims to cater to a broader segment of industrial needs while reinforcing its position as a leading provider of chemical solutions.

Strategic Global Expansion into New Markets

Francisco Fortunato, Founding Partner of the OCQ Group, highlighted the strategic nature of the collaboration. “We see this as a key step in expanding our geographic presence and international reach in collaboration with Thermax. With its six-decade legacy, trusted reputation, and deep industry expertise, Thermax is an ideal partner for this venture.”

Fortunato also acknowledged the challenges of entering a market that Brazilian companies have yet to explore extensively. However, he expressed confidence that Thermax’s strong regional presence and proven track record would help both companies seise the opportunity and tap into the promising Asian market.

Stock Performance 

On March 11, 2025, Thermax share price traded 1.18% lower at ₹3,293.05 at 12:25 PM (IST). Thermax’s share price reached a 52-week high of ₹5,835.00, and a 52-week low of ₹2,949.45. As per BSE, the total traded volume for the stock stood at 1,219 shares with a turnover of ₹40.54 lakhs.

At the current price, Thermax shares are trading at a price-to-earnings (P/E) ratio of 92.19x, based on its trailing 12-month earnings per share (EPS) of ₹35.72, and a price-to-book (P/B) ratio of 10.95, according to exchange data.

Conclusion

With this joint venture, Thermax and OCQ are set to leverage their combined expertise to bring high-performance chemical solutions to a wider audience. The collaboration marks a significant milestone for Thermax as it ventures into a new line of business within the chemical sector while reinforcing its global market position.

 

 

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.

From Ladki Bahin Yojna Allocation to New Jobs in the Next 5 Years: 10 Things to Know About Maharashtra Budget 2025-26

Maharashtra Deputy Chief Minister Ajit Pawar, who also serves as the state’s Finance Minister, presented a ₹7.20 lakh crore annual budget for the financial year 2025-26 in the state assembly.

The budget includes a revenue deficit of ₹45,892 crore and a fiscal deficit of ₹1,36,234 crore. This marks the 11th budget presented by Pawar as Maharashtra’s Finance Minister.

Chief Minister Devendra Fadnavis praised the budget, noting that Maharashtra, with a population of 12 crore, is the only state apart from Uttar Pradesh (22 crore population) to present a budget of such a massive scale.

Ajit Pawar stated that the estimated revenue receipts for 2024-25 stand at ₹5.60 lakh crore, while revenue expenditure is pegged at ₹6.06 lakh crore.

Key Highlights of Maharashtra Budget 2025-26

1. 50 Lakh Jobs in 5 Years

Pawar announced that the Mahayuti government aims to generate 50 lakh new employment opportunities over the next 5 years.

“We will soon announce the Industrial Policy 2025, which aims to attract ₹20 lakh crore in investments and create 50 lakh jobs. A separate regional policy will be developed for the circular economy, and new labour laws will be introduced,” Pawar stated.

2. 1,500 km Road Network Expansion

The government plans to develop a 1,500 km road network in the coming year, with 7,000 km of existing roads upgraded to cement roads across Maharashtra. Pawar also confirmed that 99% of the Samruddhi Highway project has been completed.

3. Vadhvan Port to be Operational by 2030

Vadhvan Port, a proposed deep-sea port in Palghar district, will see Maharashtra contributing 26% of the total project cost.

A new airport is also planned as part of the port’s development, with the port expected to begin operations by 2030.

4. ₹36,000 Crore for Ladki Bahin Yojana

The Ladki Bahin Yojana has already benefited 2.53 crore women with stipends totalling ₹33,232 crores.

For 2025-26, the government has allocated an increased outlay of ₹36,000 crore. Under the Lek Ladki Yojana, benefits have been provided to 1.12 lakh women.

5. ₹15.65 Lakh Crore Investment in Development

The government plans to invest ₹15.65 lakh crore in various sectors over the coming years, creating an estimated 16 lakh jobs.

A seven-point action plan has been prepared for the first 100 days to improve administrative transparency. Outstanding government offices will also be recognized and rewarded.

6. AI Integration in Agriculture

The Maharashtra government will launch a pilot project promoting artificial intelligence (AI) in agriculture. The project will cover 1 lakh acres and involve 50,000 farmers.

“To enhance agricultural productivity, we will promote AI. All irrigation projects are progressing as planned, and funds have been allocated for irrigation schemes. Additionally, we are focusing on solar energy for sustainable growth,” said Pawar.

7. ₹19,300 Crore Irrigation Project

The government is prioritising river interlinking and has announced a ₹19,300 crore irrigation project in the Tapi River Valley. Additionally, water from the Konkan region will be diverted to drought-prone Marathwada.

8. Budget Breakdown: ₹7.20 Lakh Crore Total Expenditure

The total expenditure for the 2025-26 budget is ₹7.20 lakh crore, with estimated revenue receipts of ₹5,60,964 crore and revenue expenditure projected at ₹6,06,855 crore, resulting in a revenue deficit of ₹45,891 crore.

The revised revenue estimates for 2024-25 have been increased from ₹4,99,463 crore to ₹5,36,463 crore. Similarly, the total budgeted expenditure for 2024-25 was ₹6,12,293 crore, but it has now been revised to ₹6,72,030 crore due to increased spending on capital and welfare schemes.

9. Metro Expansion in Mumbai, Nagpur, and Pune

Currently, 143.57 km of metro routes are operational in Mumbai, Nagpur, and Pune, benefiting around 10 lakh daily commuters.

The government plans to launch an additional 64.4 km of metro routes in 2025-26, including 41.2 km in Mumbai and 23.2 km in Pune. Over the next five years, a total of 237.5 km of metro lines will be made operational.

Phase 2 of the Nagpur Metro is progressing at a cost of ₹6,708 crore, with 43.80 km under construction.

10. Seven Commercial Hubs in Mumbai

Under the state’s newly formulated logistics policy, 10,000 acres will be allocated for developing logistics infrastructure, which is expected to create 5 lakh direct and indirect jobs.

Additionally, seven commercial hubs will be developed in Mumbai, with the city’s economy projected to grow from $140 billion to $300 billion.

Conclusion

The Maharashtra Budget 2025-26 outlines ambitious plans for infrastructure development, economic growth, and welfare schemes. With a focus on employment generation, road network expansion, metro projects, and AI-driven agriculture, the state government aims to drive Maharashtra’s progress towards becoming a leading contributor to India’s Viksit Bharat mission by 2047.

 

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.

 

Wardwizard Sends More E-Three-Wheelers to the Philippines Under $1.29B Beulah Partnership

Wardwizard Innovations & Mobility Limited, one of India’s leading electric vehicle manufacturers under the brands ‘Joy e-bike’ and ‘Joy e-rik,’ has taken a major step forward in its USD 1.29 billion partnership with Beulah International Development Corporation.

The company has successfully dispatched four additional customised electric three-wheelers to the Philippines for testing, ensuring their suitability for the local market.

Advancing Sustainable Public Transport in the Philippines

This latest dispatch follows the initial shipment of the e-Trike (Driver + 10) in the third quarter of FY 2024-25, reinforcing Wardwizard’s commitment to revolutionising public transportation in the Philippines with sustainable mobility solutions.

The newly dispatched three-wheelers have been specifically designed to cater to the needs of public and commercial transport.

Variants Designed for Local Market Needs

Wardwizard has shipped four electric three-wheeler models tailored to the unique demands of urban and commercial transport in the Philippines:

  • Model 1 (Light Version): Driver + 2 + 3 seating, ideal for urban commuting.
  • Model 2 (Heavy Version): Driver + 3 + 3 seating for higher passenger capacity.
  • Model 3: Driver + 6 (3+3 facing) configuration for shared mobility.
  • Cargo/Loader: Designed to support sustainable logistics solutions.

These vehicles will undergo rigorous testing to ensure compliance with local transportation standards and regulations set by the Philippine government. The goal is to assess their viability in meeting the country’s evolving mobility needs.

Strengthening Indo-Philippines EV Collaboration

This development stems from the Memorandum of Understanding (MoU) signed between Wardwizard and Beulah International Development Corporation, a prominent full-service business integration and EPC firm in the Philippines, backed by RP Connect.

The agreement aims to modernise the country’s public transport system with cutting-edge EV solutions. As part of the collaboration, Wardwizard will supply a comprehensive range of electric two-wheelers, three-wheelers, and specially designed four-wheelers for commercial applications, reinforcing its dedication to sustainable mobility.

Management Outlook

Expressing enthusiasm over the milestone, Mr Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Limited, stated: “We are delighted to take another significant step in our partnership with Beulah International Development Corporation, further contributing to the Philippines’ transition towards sustainable mobility. At Wardwizard, our focus is on delivering innovative, efficient, and market-relevant EV solutions. With these additional vehicles now dispatched for testing, we are making steady progress in fulfilling our commitment under this strategic collaboration.”

Gupte also added that India is at the forefront of shaping the global EV landscape, and we take immense pride in bringing our expertise to the Philippines. Together with Beulah International, we remain dedicated to accelerating green mobility solutions and fostering a cleaner, more connected future.

Stock Performance 

On March 11, 2025, Wardwizard Innovations & Mobility share price traded 2.44% lower at ₹28.84 at 9:53 AM (IST). Wardwizard Innovations & Mobility’s share price reached a 52-week high of ₹75.25, and a 52-week low of ₹22.50. As per BSE, the total traded volume for the stock stood at 12.63 lakh shares with a turnover of ₹3.73 crores.

At the current price, Wardwizard Innovations & Mobility shares are trading at a price-to-earnings (P/E) ratio of 160.22x, based on its trailing 12-month earnings per share (EPS) of ₹0.18, and a price-to-book (P/B) ratio of 7.59, 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.

USFDA Concludes Inspection of Indoco Remedies’ AnaCipher Unit in Hyderabad

Indoco Remedies announced that its Hyderabad-based clinical research unit, AnaCipher, underwent an inspection by the United States Food and Drug Administration (USFDA).

The inspection, conducted between March 3 and March 7, 2025, was carried out under the USFDA’s Bioresearch Monitoring Program (BIMO) and the Office of Study Integrity & Surveillance (OSIS).

Scope of the USFDA Inspection

The inspection covered both clinical and bioanalytical phases of three Bioavailability and Bioequivalence (BA/BE) studies submitted by clients to the USFDA.

At the end of the inspection, the facility received one Form 483, a notice issued by the US regulator indicating objectionable conditions. Indoco Remedies stated that it will respond to the Form 483 within the prescribed deadline.

Commenting on the inspection, Aditi Kare Panandikar, Managing Director of Indoco Remedies, said, “This is an exciting step in our journey of excellence and a validation of our adherence to applicable regulations and maintaining the highest standards in delivering quality services to our clients.”

Past Compliance Challenges in Goa Facility

This USFDA inspection follows compliance challenges faced by Indoco Remedies last year at its manufacturing facility in Verna, Goa. On October 11, 2024, the USFDA issued a warning letter to the company, classifying its Plant II and Plant III, located at L 32, 33-34 in Verna Industrial Estate, under the Official Action Indicated (OAI) category.

In response, Indoco Remedies reaffirmed its commitment to regulatory compliance and its ongoing engagement with the USFDA. “The company remains closely committed to working with the USFDA and continues to enhance its compliance on an ongoing basis. We will work with the USFDA to resolve these issues at the earliest,” the company said in a statement.

Stock Performance 

On March 11, 2025, Indoco Remedies share price traded 4.86% lower at ₹220.40 at 9:28 AM (IST). Indoco Remedies’ share price reached a 52-week high of ₹385.50, and a 52-week low of ₹190. As per BSE, the total traded volume for the stock stood at 1,228 shares with a turnover of ₹2.72 lakhs.

At the current price, Indoco Remedies shares are trading at a price-to-earnings (P/E) ratio of 36.92x, based on its trailing 12-month earnings per share (EPS) of ₹5.79, and a price-to-book (P/B) ratio of 1.78, 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.

NMDC Faces Slowdown in Iron Ore Production Due to Work-to-Rule Protest

India’s largest iron ore producer, National Mineral Development Corporation (NMDC), has reported a slowdown in operations across its iron ore projects due to an ongoing work-to-rule protest by trade unions.

The protest, linked to wage settlement negotiations, has significantly impacted daily production at NMDC’s key projects in Kirandul, Bacheli, and Donimalai.

Trade Unions Protest Slows Operations

A work-to-rule protest involves employees strictly adhering to official procedures, which slows down production without entirely halting operations.

NMDC acknowledged this disruption in a press statement, saying, “We hereby inform that the trade unions have resorted to willful slowdown of work and work-to-rule in connection with wage settlement. The conciliation proceedings before the Chief Labour Commissioner at New Delhi are posted for 17th March 2025.”

The company emphasised that it is making efforts to resolve the situation and restore normal production levels. However, the slowdown has resulted in a 30-40% reduction in daily production across its major iron ore complexes.

Limited Financial Impact Despite Production Hit

Despite the operational slowdown, NMDC assured stakeholders that all assets are fully insured, and the financial impact remains negligible at this stage. “The NMDC management is putting its best effort to resolve the issue at the earliest for resuming production at normal levels,” the statement added.

Production and Sales Performance Amid Slowdown

In its latest operational update, NMDC reported a 17.85% year-on-year (YoY) increase in iron ore production, reaching 4.62 million tonnes (MT) in February 2025 compared to 3.92 MT in February 2024. However, sales saw a slight decline to 3.98 MT from 3.99 MT in the same month last year.

Chhattisgarh Operations

  • Production dipped by 1.17% YoY to 3.37 MT.
  • Sales saw a slight increase to 2.79 MT from 2.78 MT.

Karnataka Operations

  • Production surged by an impressive 145.09% YoY to 1.25 MT.
  • Sales fell slightly by 1.65% YoY to 1.19 MT.

FY25 Performance

For the financial year 2024-25 (up to February), NMDC’s cumulative production stood at 40.49 MT, reflecting a modest 0.62% YoY growth. However, cumulative sales declined slightly by 0.69% YoY to 40.20 MT.

Stock Performance 

On March 10, 2025, NMDC share price ended 1.64% lower at ₹65.97. NMDC 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 6.40 lakh shares with a turnover of ₹4.30 crore.

At the current price, NMDC shares are trading at a price-to-earnings (P/E) ratio of 8.71x, based on its trailing 12-month earnings per share (EPS) of ₹7.75, and a price-to-book (P/B) ratio of 2.06, 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.

NTPC, NTPC Green Announces Mega Investment of ₹96,000 Crore for Major Energy Projects in Chhattisgarh

State-owned power giant NTPC Ltd and its subsidiary, NTPC Green Energy, have announced significant investment plans in Chhattisgarh, committing a total of ₹96,000 crore for nuclear, pumped hydro, and renewable energy projects.

The agreements were signed at the Chhattisgarh Energy Investors Summit 2025 in Raipur, reinforcing NTPC’s commitment to advancing India’s clean energy ambitions.

Major Investment in Nuclear Energy

The most substantial project under these agreements is the development of 4,200 MW of nuclear power capacity in Chhattisgarh.

This initiative alone accounts for an estimated investment of ₹80,000 crore, making it one of the largest nuclear energy projects undertaken by NTPC.

Pumped Hydro Storage Project in Gariyaband

In addition to nuclear energy, NTPC is also investing in a 1,200 MW pumped hydro storage project at Sikaser in the Gariyaband district. This project, developed in partnership with the Chhattisgarh State Power Generation Company Limited (CSPGCL), will require an investment of ₹5,876 crore.

Pumped hydro storage plays a crucial role in stabilising grid operations and supporting renewable energy integration.

Renewable Energy Expansion

To further bolster clean energy capacity, NGEL and CSPGCL have formed a joint venture to develop up to 2 GW of renewable energy projects across Chhattisgarh.

This collaboration will see an investment of approximately ₹10,000 crore, contributing to the state’s Renewable Purchase Obligation (RPO) and CSPGCL’s Renewable Generation Obligation (RGO).

These projects are expected to significantly enhance Chhattisgarh’s renewable energy portfolio.

Financial Performance of NTPC

NTPC has continued to show strong financial performance. The company posted a net profit of ₹4,711.4 crore for the third quarter of the financial year 2024-25. This marks a 3.1% year-on-year (YoY) growth from ₹4,571.9 crore in Q3FY24.

Revenue for the quarter stood at ₹41,352.3 crore, registering a 4.8% YoY increase compared to ₹39,455 crore in the same period last year.

Additionally, NTPC’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) saw a significant rise of 20.3% YoY, reaching ₹11,960.6 crore from ₹9,941 crore in Q3 FY23.

Stock Performance 

On March 10, 2025, NTPC share price ended 0.06% lower at ₹329.15. NTPC share price reached a 52-week high of ₹448.30, and a 52-week low of ₹292.70. As per BSE, the total traded volume for the stock stood at 2.34 lakh shares with a turnover of ₹7.75 crore.

At the current price, NTPC shares are trading at a price-to-earnings (P/E) ratio of 16.42x, based on its trailing 12-month earnings per share (EPS) of ₹20.4, and a price-to-book (P/B) ratio of 2.05, 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.

IndusInd Bank Identifies Discrepancies in Derivative Portfolio, Estimates 2.35% Impact on Net Worth

According to the news reports, IndusInd Bank, one of India’s largest private lenders, has identified discrepancies in parts of its derivative portfolio. The review was conducted in compliance with the Reserve Bank of India’s (RBI) directions on investment portfolios of lenders, issued in September 2023.

Estimated Impact on Net Worth

Following the internal assessment, the bank has estimated an adverse impact of approximately 2.35% on its net worth as of December 2024. The disclosure was made in a company filing on March 10.

The bank stated that the identified discrepancies were noted in account balances within the relevant portfolio segments.

External Review Initiated for Validation

In addition to its internal review, IndusInd Bank has engaged a reputed external agency to independently assess the findings.

The final report from this external review is still awaited. The bank has assured that any necessary adjustments to its financial statements will be made once the external agency’s findings are received and validated.

Reassurance on Financial Health

Despite the potential impact, IndusInd Bank has reassured investors and stakeholders that its overall profitability and capital adequacy remain strong.

The bank emphasised that it is well-positioned to absorb this one-time impact without any significant disruptions to its financial stability.

Stock Performance

On March 10, 2025, IndusInd Bank share price ended 3.86% lower at ₹900.60. IndusInd Bank share price reached a 52-week high of ₹1,576, and a 52-week low of ₹886.40. As per BSE, the total traded volume for the stock stood at 4.49 lakh shares with a turnover of ₹40.49 crore.

At the current price, IndusInd Bank shares are trading at a price-to-earnings (P/E) ratio of 9.71x, based on its trailing 12-month earnings per share (EPS) of ₹92.75, and a price-to-book (P/B) ratio of 1.07, 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.

Shares That Hit Circuit Limits On March 10, 2025, Gensol Engineering, Sagility India and More

On March 10, 2025, BSE Sensex closed 0.29% lower at 74,115.17, while Nifty50 fell 0.41% to 22,460.30. Amidst the market volatility, stocks like Gensol Engineering, Sagility India and Axiscades Technologies hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 10, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Shakti Pumps (India) Ltd 914 -0.47 5 6.4 60.39
PTC Industries Ltd 12,300.00 0.19 5 0.25 31.46
Websol Energy System Ltd 965 4.26 5 2.73 26.4
Ventive Hospitality Ltd 737 4.46 5 3.52 25.56
Axiscades Technologies Ltd 859.95 5 5 2.77 23.64

Stocks That Hit Lower Circuit on March 10, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
International Gemmological Ins India Ltd 312.45 -5 5 22.42 71.2
Gensol Engineering Ltd 305.8 -5 5 14.49 45.04
KPI Green Energy Ltd 386.5 -4.65 5 7.33 28.83
Zaggle Prepaid Ocean Services Ltd 349.45 -5 5 7.9 28.21
Sagility India Ltd 41.75 -5.01 5 60.14 25.84

Overview of Companies Hitting Circuits Today

  • International Gemmological Ins India

On March 10, 2025, International Gemmological Ins India share price ended 5% lower at ₹312. International Gemmological Ins India share price reached a 52-week high of ₹642.30, and a 52-week low of ₹312.

  • Gensol Engineering

On March 10, 2025, Gensol Engineering share price ended 5% lower at ₹305.15. Gensol Engineering share price reached a 52-week high of ₹1,125.75, and a 52-week low of ₹303. At the current price, Gensol Engineering shares are trading at a price-to-earnings (P/E) ratio of 9.01x, based on its trailing 12-month earnings per share (EPS) of ₹33.85, and a price-to-book (P/B) ratio of 1.80, according to exchange data.

  • Zaggle Prepaid Ocean Services India

On March 10, 2025, Zaggle Prepaid Ocean Services India share price ended 4.99% lower at ₹349.15. Zaggle Prepaid Ocean Services India’s share price reached a 52-week high of ₹597, and a 52-week low of ₹235. At the current price, Zaggle Prepaid Ocean Services India shares are trading at a price-to-earnings (P/E) ratio of 62.80x, based on its trailing 12-month earnings per share (EPS) of ₹5.56, and a price-to-book (P/B) ratio of 7.59, according to exchange data.

  • Sagility India

On March 10, 2025, Sagility India share price ended 4.99% lower at ₹41.73. Sagility India’s share price reached a 52-week high of ₹56.44 and a 52-week low of ₹27.02. At the current price,.

  • Axiscades Technologies

On March 10, 2025, Axiscades Technologies share price ended 5% higher at ₹856.40. Axiscades Technologies’s share price reached a 52-week high of ₹856.40, and a 52-week low of ₹421.05. At the current price, Axiscades Technologies shares are trading at a price-to-earnings (P/E) ratio of 144.66x, based on its trailing 12-month earnings per share (EPS) of ₹5.92, and a price-to-book (P/B) ratio of 9.74, 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.

India’s Top-10 Firms Add ₹2.10 Lakh Crore in M-cap; Reliance, TCS Lead Market Rally

In a week marked by bullish sentiment in the stock markets, seven of the top 10 most valued companies in India witnessed a combined surge of ₹2,10,254.96 crore in their market capitalisation.

Reliance Industries and Tata Consultancy Services (TCS) emerged as the biggest gainers, driving the overall growth. The rally was supported by strong performances in key indices, with the BSE Sensex climbing 1,134.48 points (1.55%) and the NSE Nifty rising 427.8 points (1.93%) during the week.

Reliance Industries and TCS Lead the Charge

Reliance Industries, India’s most valued company, saw its market capitalisation (m-cap) soar by ₹66,985.25 crore, reaching ₹16,90,328.70 crore. The conglomerate’s strong performance was a key contributor to the overall market rally.

Tata Consultancy Services (TCS) also posted significant gains, with its m-cap climbing by ₹46,094.44 crore to ₹13,06,599.95 crore. This sharp rise propelled TCS back to the second position in the list of top-10 most valued firms, displacing HDFC Bank.

SBI and Bharti Airtel Post Strong Gains

State Bank of India (SBI) witnessed a remarkable surge in its market valuation, which zoomed by ₹39,714.56 crore to ₹6,53,951.53 crore.

Bharti Airtel, another major player, saw its m-cap advance by ₹35,276.3 crore, reaching ₹9,30,269.97 crore. Both companies benefited from positive investor sentiment and strong fundamentals.

ITC, ICICI Bank, HUL Add to the Rally

ITC’s market valuation rallied by ₹11,425.77 crore to ₹5,05,293.34 crore, reflecting investor confidence in the diversified conglomerate.

ICICI Bank also posted gains, with its m-cap surging by ₹7,939.13 crore to ₹8,57,743.03 crore. Hindustan Unilever added ₹2,819.51 crore, taking its market capitalisation to ₹5,17,802.92 crore.

HDFC Bank, Bajaj Finance, and Infosys Face Declines

While most companies saw gains, HDFC Bank experienced a significant drop in its market valuation, plunging by ₹31,832.92 crore to ₹12,92,578.39 crore.

Bajaj Finance also faced a decline, with its m-cap tanking by ₹8,535.74 crore to ₹5,20,981.25 crore.

Infosys, though relatively stable, saw a minor dip of ₹955.12 crore, bringing its m-cap to ₹7,00,047.10 crore.

Top-10 Most Valued Companies Ranking

As of the latest data, Reliance Industries retained its position as the most valued company in India, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC.

Conclusion

The strong rally in India’s stock markets reflects robust investor confidence, with seven of the top 10 most valued firms adding ₹2.1 lakh crore in market capitalisation. Reliance Industries and TCS led the gains, while HDFC Bank, Bajaj Finance, and Infosys faced declines.

The overall surge, driven by key indices’ growth, highlights market resilience, though sectoral variations indicate a dynamic investment landscape with shifting investor preferences.

 

 

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.