Union Budget 2025: From New Tax Slabs to Key Changes in Tariff Structure, Everything on Tax

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced several changes to customs duties to support key industries and boost economic growth. The new proposals aim to reduce the financial burden on essential sectors like healthcare, manufacturing, and exports, while also rationalising tariff structures. Here’s a detailed look at the items that will become cheaper and those that will see a price hike.

New Income Tax Regime and Slabs Announced

In a significant relief for the middle class, Finance Minister Nirmala Sitharaman announced a revised tax structure under the new income tax regime. Individuals earning up to ₹12 lakh per annum will pay no income tax, with salaried taxpayers earning up to ₹12.75 lakh per annum benefiting from a standard deduction of ₹75,000.

Revised Tax Slabs:

  • ₹0 – 4 lakh: NIL
  • ₹4 – 8 lakh: 5%
  • ₹8 – 12 lakh: 10%
  • ₹12 – 16 lakh: 15%
  • ₹16 – 20 lakh: 20%
  • ₹20 – 24 lakh: 25%
  • Above ₹24 lakh: 30%

With these changes, the government aims to boost consumption, savings, and investment by putting more money in the hands of taxpayers. The new tax structure is expected to cost the exchequer approximately ₹1 lakh crore in revenue loss.

Rationalisation of TDS/TCS

To simplify the tax deduction and collection system, the budget proposes multiple rationalisations in Tax Deducted at Source (TDS) and Tax Collected at Source (TCS):

  • The TDS threshold on interest earned by senior citizens has been doubled from ₹50,000 to ₹1 lakh.
  • TDS on rent has been increased from ₹2.4 lakh to ₹6 lakh per annum to ease compliance for landlords.
  • TCS collection threshold increased to ₹10 lakh, reducing the burden on small taxpayers.
  • The government has decriminalised delays in TCS payments, aligning it with the earlier decriminalisation of delayed TDS payments.

Boost to Exports Through Tax Reliefs

The government has also introduced tax measures to promote exports:

  • Handicraft exports will receive a full Basic Customs Duty exemption.
  • Duty on Wet Blue Leather is fully exempted to support value addition in the leather industry.
  • Frozen fish paste and fish hydrolysate for shrimp feed will see a reduction in customs duty from 30% to 5%.

Other Key Changes in Tariff Structure

Provisional Assessment Time Limit Introduced

  • A new 2-year time limit has been set for provisional assessments. This change aims to make customs clearance more efficient and transparent for businesses involved in imports and exports.

Rationalisation of Tariff Rates

  • The government continues its effort to streamline the customs tariff structure by removing seven more tariff rates. This follows a similar measure in the 2023-24 Budget when seven other tariff rates were eliminated.

Social Welfare Surcharge Exemptions

  • The Social Welfare Surcharge will now be exempt on 82 tariff lines subject to a cess. This move is expected to reduce the overall tax burden on businesses dealing with these goods.

Lifesaving Drugs and Medicines Exempted

To make critical healthcare more affordable, the government has exempted Basic Customs Duty (BCD) on several lifesaving drugs:

  • 36 Cancer and Rare Disease Drugs: These medicines will now be exempt from BCD, reducing costs for patients battling life-threatening diseases.
  • 37 More Medicines: An additional set of 37 medicines will be fully exempt from BCD, further strengthening India’s commitment to affordable healthcare.

Support for the Manufacturing Sector

To promote domestic production and reduce input costs, the government has removed BCD on crucial raw materials:

  • Critical Minerals Exemption

Cobalt products, LEDs, zinc, lithium-ion battery scrap, and 12 other critical minerals will be fully exempt from BCD. This will lower production costs in the electronics and battery industries.

  • Shipbuilding Raw Materials

Essential materials used in shipbuilding will be exempt from BCD for the next 10 years, a move that aligns with the ‘Make in India’ initiative and encourages the growth of the maritime sector.

Promotion of Handicraft Exports

The government has introduced a dedicated scheme to enhance the competitiveness of Indian handicrafts in global markets, further boosting the sector’s exports.

Exemption for Leather Products

  • Wet Blue Leather

To support the leather industry, the government has fully exempted wet blue leather from BCD, reducing input costs for manufacturers.

Reduction in Duty on Fish Pasteurii

  • The customs duty on fish pasteurii has been slashed from 30% to 5%, making it more affordable for processing and distribution. This measure will benefit the food and agriculture sectors.

Increase in Customs Duty on Interactive Flat-Panel Displays

To correct the inverted duty structure and encourage domestic production, the government has increased the Basic Customs Duty on interactive flat-panel displays from 10% to 20%. This move is likely to impact the pricing of high-end technology products used in education, corporate sectors, and retail industries.

 

 

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.

Why Were Brightcom Group Shares Delisted and Other Updates

Brightcom Group shares have been suspended from trading on both the BSE and NSE for nearly 7 months ago due to non-compliance with the NSE’s master circular. The suspension, implemented on June 14, 2024, followed the company’s failure to declare quarterly earnings for two consecutive quarters—ending September 30, 2023, and December 31, 2023.

Although Brightcom partially addressed the compliance issue by announcing results for the September 2023 quarter and the first half of FY24, the company has yet to provide clarity on its December quarter earnings. According to the NSE, trading in Brightcom shares will remain suspended until compliance is achieved. Once reinstated, trading will be limited to a trade-for-trade basis or the “Z” category on the first trading day of every week for 6 months.

Financial Performance for September 2023

Brightcom Group’s financial performance for the September 2023 quarter reflected stagnation. Revenue remained flat at ₹112 crore, while EBITDA dropped significantly to ₹1 crore from ₹3.92 crore in the same quarter the previous year. Despite a marginal rise in net profit to ₹63 lakh (from ₹59 lakh YoY), the EBITDA margin shrank to 0.9% from 3.47% in the prior year.

Assurances on Trading Suspension Revocation

In its latest weekly update, Brightcom Group expressed confidence that the trading suspension will be revoked within January 2025. The company cited “highly constructive” discussions with the BSE’s revocation committee and emphasised its proactive efforts to meet all compliance requirements.

The main committee responsible for granting in-principle approval for revocation is expected to meet soon, with plans to finalise a site visit timeline. Brightcom stated that the remaining tasks are procedural, and no significant compliance issues are pending aside from routine reconciliations. A board meeting to adopt FY24’s financials has been scheduled for January 10, 2025.

Impact on Investors and SEBI’s Actions

The prolonged suspension has left over 6.5 lakh small investors unable to trade freely in Brightcom Group shares. Currently, the stock trades only in the “Z” category or on a trade-for-trade basis during the first trading day of the week.

Regulatory scrutiny of Brightcom Group intensified in February 2024 when SEBI issued a confirmatory order barring the company’s chairman and managing director, Suresh Kumar Reddy, from holding directorial positions and prohibiting the company from trading in securities. Earlier in 2022, SEBI accused the group of fund round-tripping and misrepresenting proceeds from preferential share allotments during FY19-21.

SEBI Allegations and Investigations

In October 2022, SEBI received complaints alleging that funds raised by Brightcom through preferential issues were funnelled to related entities and subsequently provided as loans to its subsidiaries. SEBI’s investigation revealed irregularities in the company’s practices, leading to interim orders against Reddy, Raju, Sharma, and 21 others.

What are ‘Z’ Category Stocks?

Stocks classified under the ‘Z’ category are those that have failed to comply with exchange listing requirements, have unresolved investor complaints, or have not made necessary arrangements with both depositories.

Meanwhile, stocks in the Trade-For-Trade category allow only delivery-based trades, with no intraday trading permitted. Investors looking to buy such stocks must have funds available for 100% delivery of the shares.

 

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.

 

Auto Expo 2025 Stocks in Focus: Maruti Suzuki, Tata, Hyundai Unveil Top EVs For Indian Market

The Auto Expo 2025, India’s largest automotive festival, kicked off on January 17, 2025, at Pragati Maidan in New Delhi. Running from January 17 to 22, the event has become a major platform for automakers to unveil their latest innovations, top new vehicles, and highly anticipated launches. 

Leading Indian automakers such as Hyundai, Maruti Suzuki, Toyota, Skoda, and MG showcased their all-electric lineups, while Tata and Mahindra displayed their newest models. 

The event also featured luxurious offerings from global brands like Mini, Mercedes-Benz, BMW, and Porsche, highlighting both cutting-edge technology and premium design in the automotive industry.

The Big EV Launch at Auto Expo 2025

1. Maruti Suzuki India 

Maruti Suzuki unveiled its first electric car, the e-Vitara, at the 2025 Auto Expo. This highly anticipated EV will be available with two battery options: 49 kWh and 61 kWh, delivering a claimed range of over 500 km. 

Packed with features, the e-Vitara includes automatic climate control, a fixed glass roof, ventilated front seats, a 360-degree camera, and Level-2 Advanced Driver Assistance Systems (ADAS). 

Stock Performance of Maruti Suzuki India 

On January 20, 2025, Maruti Suzuki India share price ended down by 0.80% at ₹12,016.25. Maruti Suzuki India’s share price reached a 52-week high of ₹13,675 on August 01, 2024, and a 52-week low of ₹9,775 on January 24, 2024. As per BSE, the total traded volume for the stock stood at 0.13 lakh shares with a turnover of ₹15.27 crore.

At the current price, Maruti Suzuki India shares are trading at a price-to-earnings (P/E) ratio of 27.52x, based on its trailing 12-month earnings per share (EPS) of ₹436.60, and a price-to-book (P/B) ratio of 4.33, according to exchange data. 

2. Tata Motors 

Tata Motors showcased the production-ready Harrier EV at the 2025 Auto Expo, equipped with a dual-motor all-wheel-drive system producing 500 Nm of torque. A Stealth Edition of the Harrier EV, featuring a matte black exterior and interior, was also unveiled. 

Additionally, Tata revealed an updated Avinya concept based on JLR’s EMA platform, providing insights into its future EV plans. While the Avinya concept won’t go into production, a model inspired by it is expected in 2026, offering a range of over 500 km.

Tata also introduced a special Bandipur Edition of the Nexon EV, inspired by Karnataka’s Bandipur National Park. This edition features a distinctive bronze exterior, khaki seat upholstery, and an embossed elephant motif on the headrests and floor mats. The Bandipur Edition retains the existing powertrain and features of the Nexon EV.

Stock Performance of Tata Motors 

On January 20, 2025, Tata Motors share price ended down by 0.67% at ₹774.20. Tata Motors’ share price reached a 52-week high of ₹1,179.05 on July 30, 2024, and a 52-week low of ₹718 on December 23, 2024. As per BSE, the total traded volume for the stock stood at 2.90 lakh shares with a turnover of ₹22.45 crore.

At the current price, Tata Motors shares are trading at a price-to-earnings (P/E) ratio of 30.43x, based on its trailing 12-month earnings per share (EPS) of ₹25.44, and a price-to-book (P/B) ratio of 9.31, according to exchange data. 

3. Hyundai Motor India 

Hyundai unveiled the Creta Electric at the 2025 Auto Expo, announcing introductory prices ranging from ₹17.99 lakh to ₹23.50 lakh (ex-showroom), which may increase later. Available in four variants, the Creta Electric offers two battery options, delivering a maximum range of up to 473 km on a full charge. 

Stock Performance of Hyundai Motor India 

On January 20, 2025, Hyundai Motor India share price ended lower by 0.67% at ₹1,781.40. Hyundai Motor India’s share price reached a 52-week high of ₹1,968.80 on October 22, 2024, and a 52-week low of ₹1,688.25 on November 18, 2024.  As per BSE, the total traded volume for the stock stood at 0.59 lakh shares with a turnover of ₹10.46 crore.

 

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.

World Bank Projects India’s Economic Growth at 6.7% for Next 2 Fiscal Year

India’s economic growth is projected to remain steady at 6.7% annually for the next 2 fiscal years, beginning April 2025, according to a World Bank report on South Asia’s growth outlook. The report indicates that growth in South Asia, excluding India, is expected to rise to 6.2% in 2025-26.

2024-25 Economic Growth to Moderate

For the fiscal year 2024-25, India’s economic growth is expected to soften slightly to 6.5%, driven by a slowdown in investment and weak manufacturing growth. However, the World Bank highlights that private consumption remains resilient, primarily driven by improved rural incomes and a recovery in agricultural output.

This projection aligns with other estimates from analysts and institutions. The latest FICCI Economic Outlook Survey projects India’s GDP growth for 2024-25 at 6.4%, a dip from 7.0% predicted earlier in September 2024.

The Ministry of Statistics and Programme Implementation has also estimated a 6.4% growth rate, while BofA Securities India forecasts 6.5%. Acuité Ratings & Research and CareEdge Ratings predict a growth range of 6.4% to 6.5%, while Nomura expects a growth of 6.7%. The Reserve Bank of India has lowered its growth forecast for FY25 to 6.6%.

Services and Manufacturing Sectors to Lead Growth

The World Bank forecasts that India’s services sector will experience sustained expansion, while the manufacturing sector will see a strengthening, bolstered by government initiatives aimed at improving the business environment. Investment growth is expected to remain steady, with moderating public investment being offset by a rise in private-sector investment.

Strong GDP Growth in Recent Years

India’s economy has grown at a steady pace in recent years, with GDP growth recorded at 9.7% in FY22, 7% in FY23, and 8.2% in FY24.

South Asia Growth Outlook

For the rest of South Asia, the World Bank forecasts a growth rate of 3.9% in 2024, buoyed by recoveries in Pakistan and Sri Lanka and improved macroeconomic policies.

In 2025, growth for the region (excluding India) is expected to rise to 4%, with further improvement to 4.3% by 2026.

The report also highlighted challenges in Bangladesh, where political turmoil in mid-2024 weakened activity and investor confidence.

 

 

 

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.

Nifty Weekly Expiry Today: ABFRL, Bandhan Bank, RBL Bank, and other 6 stocks under F&O ban on January 16

The Nifty 50 index witnessed a modest recovery ahead of its weekly expiry, showing a gradual upside on Tuesday, January 14, 2025, and extending this momentum on Wednesday, January 15, 2025. The index traded within a range-bound manner, oscillating between 23,150 and 23,300 levels. Despite the constrained movement, the Nifty 50 managed to close above the key 23,200 mark, ending the day with minor gains of 37 points at 23,213.

Nifty Weekly Expiry Day Brings F&O Ban on 9 Stocks

As the Nifty weekly expiry approaches on Thursday, January 16, 2025, the National Stock Exchange (NSE) has imposed a trading ban on 9 stocks in the futures and options (F&O) segment. The ban was triggered as these securities breached 95% of the market-wide position limit (MWPL). While trading in F&O for these stocks is restricted, they remain available for trading in the cash market.

The stocks under the F&O ban for January 16 include:

  • Aarti Industries

On January 15, 2025, Aarti Industries’ share price surged 4.87%, closing at ₹429.25. According to BSE data, the stock recorded a total traded volume of 1.42 lakh shares, translating to a turnover of ₹6.02 crore.

  • Aditya Birla Fashion and Retail

On January 15, 2025, shares of Aditya Birla Fashion and Retail declined by 1.76%, closing at ₹265.60. According to data from the BSE, the stock witnessed a total traded volume of 3.83 lakh shares, resulting in a turnover of ₹10.34 crore.

  • Bandhan Bank

On January 15, 2025, Bandhan Bank share price increased by 0.10%, closing at ₹148.25. According to BSE data, the stock registered a total traded volume of 6.35 lakh shares, amounting to a turnover of ₹9.46 crore.

  • Hindustan Copper

On January 15, 2025, Hindustan Copper share price declined by 2.34%, closing at ₹220.80. BSE data shows a total traded volume of 7.03 lakh shares, resulting in a turnover of ₹15.68 crore.

  • Kalyan Jewellers India

On January 15, 2025, Kalyan Jewellers India share price dropped by 7.02%, closing at ₹554.90. According to BSE data, the stock recorded a total traded volume of 17.44 lakh shares, resulting in a turnover of ₹96.93 crore.

  • L&T Finance

On January 15, 2025, L&T Finance share price rose by 4.90%, closing at ₹140.30. BSE data revealed a total traded volume of 3.68 lakh shares, amounting to a turnover of ₹5.06 crore.

  • Manappuram Finance

On January 15, 2025, Manappuram Finance share price increased by 0.25% to close at ₹179.85. According to BSE data, the stock recorded a total traded volume of 4.27 lakh shares, with a turnover of ₹7.65 crore.

  • RBL Bank

On January 15, 2025, RBL Bank share price rose by 1.81%, closing at ₹157.15. According to BSE data, the stock saw a total traded volume of 3.45 lakh shares, resulting in a turnover of ₹5.39 crore.

According to an NSE statement from the NSE, “Derivative contracts in these securities have crossed 95% of the market-wide position limit and are placed under the stock exchange’s ban period. All clients/members shall trade in the derivative contracts of said securities only to decrease their positions through offsetting trades. Any increase in open positions will attract penal and disciplinary action.”

When stocks are placed under the F&O ban period, no new positions can be initiated in their derivative contracts.

Key Stock’s Results on Nifty Weekly Expiry Day

The Thursday trading session will feature the weekly expiry of Nifty 50 options contracts, a critical event for traders. Additionally, stocks like L&T Technology Services (LTTS), HDFC Life, and Transrail Lighting are expected to draw attention following the announcement of their quarterly results after market hours on Wednesday.

What is Nifty Weekly Expiry?

Nifty weekly contracts expire every Thursday, with the previous trading day as the expiry if Thursday is a trading holiday. All contracts are concluded at the normal market closing time on the expiry day or at a later time as determined by the exchange.

Also, if the last Thursday of the expiry period falls on a trading holiday, the expiry day for individual securities will be moved to the previous trading day.

Notably, in the MarketWatch, the expiry date is not displayed for the last week’s contracts as they are treated as monthly contracts. Instead, only the name of the month and the strike price are shown.

 

 

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.

L&T Chairman SN Subrahmanyan Suggests Employees to Work 90 Hours a Week

SN Subrahmanyan, Chairman of Larsen & Toubro (L&T), is facing severe criticism after suggesting that employees work 90 hours a week, including Sundays, to stay competitive. His remarks, made during an internal meeting, were shared in a video on social media platforms and quickly went viral, drawing widespread condemnation.

The 90-Hour Work Week Argument

In the undated video, Subrahmanyan responded to a question about the company’s mandate for employees to work on Saturdays, claiming that he would be even happier if employees worked on Sundays. “I regret I am not able to make you work on Sundays, to be honest. If I can make you work on Sundays, I will be more happy because I work on Sundays also,” he stated.

Challenging the need for time off, Subrahmanyan questioned, “What do you do sitting at home? How long can you stare at your wife? How long can the wives stare at their husbands? Get to the office and start working.”

Comparing Work Culture Across Countries

The chairman went on to compare India’s work culture with that of China. Recalling a conversation with a Chinese professional, he said, “Chinese people work 90 hours a week, while Americans work only 50 hours a week.” Subrahmanyan urged L&T employees to adopt a similar work ethic, saying, “If you have got to be on top of the world, you have to work 90 hours a week.”

The Bigger Debate: Corporate Attitudes Toward Employee Well-Being

Subrahmanyan’s comments have reignited concerns about corporate attitudes toward employees’ well-being, particularly regarding the pressure to work excessively long hours. The debate touches on the growing importance of work-life balance and mental health in the modern workplace. While some argue that such demands drive economic growth and productivity, others contend that they compromise mental health and quality of life.

L&T Responds: Clarification on Chairman’s Remark

In response to the uproar on the social media platforms, a spokesperson from L&T clarified Subrahmanyan’s comments, stating that the chairman’s remarks reflect the company’s broader vision for nation-building and progress. “At L&T, nation-building is at the core of our mandate. The Chairman’s remarks reflect this larger ambition, emphasising that extraordinary outcomes require extraordinary effort,” the spokesperson said. They further added, “At L&T, we remain committed to fostering a culture where passion, purpose, and performance drive us forward.”

The controversy over the 90-hour work week continues to fuel discussions about employee expectations, corporate culture, and the balance between productivity and personal well-being in today’s competitive business environment.

L&T Stock Performance Post News

On January 10, 2025, L&T share price closed up by 0.19% higher at ₹3,535.25, while the BSE benchmark Sensex ended down by 241.30 points to 77,378.91. L&T’s share price reached a 52-week high of ₹3,963 on December 10, 2024, and a 52-week low of ₹3,175.500 on June 05, 2025. As per BSE, the total traded volume for the stock stood at 1.90 lakh shares with a turnover of ₹67.02 crore.

 

 

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.

Who are Leah Tata and Maya Tata? Who Joined Board of Tata Industrial Institute

Leah and Maya Tata, the daughters of Tata Trusts Chairman Noel Tata, have been inducted onto the board of trustees of the Sir Ratan Tata Industrial Institute (SRTII), a key subset of Sir Ratan Tata Trust. The trust is one of the two principal shareholders of Tata Sons, the holding company of the Tata Group.

Replacing Arnaz Kotwal and Freddy Talati

With the induction of Leah and Maya, they have replaced Arnaz Kotwal and Freddy Talati, who have stepped down from their roles as trustees of the SRTII. This move marks an important step as Noel Tata’s children now hold positions on the boards of all the smaller Tata Trusts, though they have not yet been inducted into the two main ones – Sir Ratan Tata Trust and Allied Trusts, and Sir Dorabji Tata Trust and Allied Trusts.

Who are Leah and Maya Tata?

Leah and Maya Tata are part of the next generation of the Tata family, alongside their brother Neville. Their father, Noel Tata, took over as Chairman of Tata Trusts following the passing of Ratan Tata in October 2024. Noel also serves on the board of Tata Sons.

Leah Tata: Vice President at IHCL

Leah Tata, the eldest of the three siblings, is 39 years old and currently serves as Vice President at Indian Hotels Company Limited (IHCL), the Tata Group’s hospitality arm. She is responsible for managing the Gateway Hotels brand. Leah holds a master’s degree in marketing from IE Business School in Spain and has been involved with the Tata Group since 2006, initially joining as an Assistant Sales Manager at Taj Hotels. She briefly interned with Louis Vuitton in 2010 but has largely focused on expanding the group’s hotel operations.

Maya Tata: Role at Tata Digital

Maya Tata, 36, is a graduate of Bayes Business School and Warwick University in the UK. She began her career at Tata Opportunities Fund, part of Tata Capital, where she specialized in portfolio management and investor relations. Currently, she works with Tata Digital and played a significant role in launching the Tata Neu app, a prominent digital initiative of the Tata Group.

Active Trusteeship in Tata Medical Centre Trust

Both Leah and Maya are also trustees of the Tata Medical Centre Trust, an organisation that runs a cancer hospital in Kolkata, further demonstrating their involvement in the philanthropic efforts of the Tata Group.

 

 

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.

SRF Share Price in Focus After Clarification on US Refrigerant Gas Price Hike

Shares of SRF, a leading speciality chemicals manufacturer, are in the spotlight today on January 10, after the company issued a clarification regarding reports of a significant price hike by a US-based refrigerant gas distributor. In a regulatory filing, SRF clarified that the reported price increase pertains exclusively to the US market and does not directly impact its operations.

Clarification on US Market Impact

In its filing to the stock exchanges, SRF emphasised that price adjustments for refrigerant gases in its relevant market segments are driven by local supply-demand dynamics rather than external factors in the US. The company stated:

“The company considers it necessary to clarify to the Stock Exchanges that the reported price hike by a US refrigerant gas distributor is in the context of the US market. Changes in prices of refrigerant gases for SRF will remain a function of demand and supply in our relevant market segment.”

Background on the US Price Surge

The clarification comes in response to reports of a steep price increase in the US for refrigerant gases. According to sources, US distributors have raised prices for certain refrigerants, with IGas USA reporting a price surge of up to 200% for gases such as R32 and R125. This sharp rise is attributed to supply chain disruptions affecting these products.

SRF Share Reaction React to News

On January 10, 2025, SRF share price traded 3.56% lower at ₹2,577 at 9:48 AM (IST), while the BSE benchmark Sensex plunged 230.35 points to 77,389.86. SRF share price reached a 52-week high of ₹2,697.45 on May 03, 2024, and a 52-week low of ₹2,088.55 on June 04, 2024. As per BSE, the total traded volume for the stock stood at 0.25 lakh shares with a turnover of ₹6.40 crore.

At the current price, SRF shares are trading at a price-to-earnings (P/E) ratio of 67.42x, based on its trailing 12-month earnings per share (EPS) of ₹39.64, and a price-to-book (P/B) ratio of 7.27, according to exchange data.

Shareholding Details

As of September 30, 2024, Foreign Institutional Investors (FIIs) held an 18.30% stake in Zomato shares, while Domestic Institutional Investors (DIIs) owned 17.76%, and the promoters held 50.26%.

 

 

 

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.

Authum Investment Increases Stake in ADF Foods to 14.83% During Q3 FY 2025

ADF Foods announced that investor Authum Investment has increased its stake in the company by 0.71% during the third quarter of FY25. With this addition, Authum Investment’s total shareholding in ADF Foods now stands at 14.83%.

Stock Performance 

On January 09, 2025, ADF Foods share price traded 0.34% higher at ₹282.35 at 3:08 PM (IST), while the BSE benchmark Sensex plunged 544.96 points to 77,197.30. ADF Foods share price reached a 52-week high of ₹352.50 on December 16, 2024, and a 52-week low of ₹178.55 on March 03, 2024. As per BSE, the total traded volume for the stock stood at 7407 shares with a turnover of ₹21.01 lakh.

At the current price, ADF Foods shares are trading at a price-to-earnings (P/E) ratio of 36.80x, based on its trailing 12-month earnings per share (EPS) of ₹7.65, and a price-to-book (P/B) ratio of 6.58, according to exchange data.

Shareholding Details

As of December 31, 2024, Foreign Institutional Investors (FIIs) held a 9.55% stake in ADF Foods, while Domestic Institutional Investors (DIIs) owned 8.81%, and the promoter 36.17%.

About ADF Foods

ADF Foods, a global leader in food processing, began its journey in the 1960s with a small retail outlet at Mumbai’s Flora Fountain, also known as Hutatma Chowk, selling speciality dried fruits. Over nine decades, the company has evolved into one of the largest food processing companies worldwide, with advanced manufacturing units, a robust distribution network, and a diverse portfolio of over 400 products across eight brands.

Serving 55 countries through a network of 180+ distributors, ADF Foods offers a wide range of ethnic cuisines, including Indian, Middle Eastern, Mediterranean, and global flavours. Its product lineup spans from masala pastes and pickles to parathas and plant-based foods, catering to a vast consumer base. ADF Foods also operates a U.S.-based subsidiary that focuses on Mexican and plant-based foods, as well as agency distribution.

 

 

 

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.

Anand Rathi Wealth To Consider Bonus Shares in Upcoming Board Meeting on January 13

Anand Rathi Wealth, a prominent name in wealth management services, is gearing up for a potential milestone by considering the issuance of bonus shares for the first time. The company’s Board of Directors will convene on Monday, January 13, 2025, to deliberate on this significant proposal.

In a filing to the stock exchanges, the company stated: “In furtherance to our intimation dated 1st January 2025, regarding the proposed Board Meeting scheduled to be held on Monday, i.e., 13th January, 2025, this is to inform you that the Board of Directors, in its meeting, inter-alia, would also consider a proposal for issuance of Bonus Shares to the shareholders of the Company.”

The company also clarified that the trading window, currently closed, will remain shut in light of developments related to the bonus share proposal.

Stock Performance 

On January 08, 2025, Anand Rathi Wealth share price ended 1.13% lower at ₹3,863.55, while the BSE benchmark Sensex closed down by 50.62 points to 78,148.49. Anand Rathi Wealth’s share price reached a 52-week high of ₹4,640.55 on December 09, 2024, and a 52-week low of ₹2,575.00 on January 16, 2024. As per BSE, the total traded volume for the stock stood at 4010 shares with a turnover of ₹1.54 crore.

At the current price, Anand Rathi Wealth shares are trading at a price-to-earnings (P/E) ratio of 61.40x, based on its trailing 12-month earnings per share (EPS) of ₹62.57, and a price-to-book (P/B) ratio of 27.26, according to exchange data.

Shareholding Details

As of September 31, 2024, Foreign Institutional Investors (FIIs) held a 5.32% stake in Zomato shares, while Domestic Institutional Investors (DIIs) owned 7.96%, and the promoters held a 47.99% stake.

Financial Performance in Q2 FY25

The move to consider issuing bonus shares is supported by Anand Rathi Wealth’s robust financial growth in recent quarters. For the quarter ended September 30, 2024, the company reported:

  • Net profit: ₹76.1 crore, a 32.4% year-on-year (YoY) increase from ₹57.5 crore.
  • Revenue from operations: ₹242.5 crore, marking a 32.8% YoY growth from ₹182.6 crore in Q2 FY24.
  • EBITDA: ₹104.2 crore, up 34.5% YoY from ₹77.5 crore.

The company has demonstrated a strong commitment to rewarding shareholders, as evidenced by the interim dividend of ₹7 per equity share (140% of the ₹5 face value) declared for FY25.

What is a Bonus Issue?

Bonus shares are a shareholder reward mechanism where additional shares are issued to existing shareholders at no extra cost. Bonus shares are distributed based on the number of shares held, which boosts stock liquidity while maintaining a cash-neutral position.

Unlike dividends, which involve cash payouts, bonus shares are issued by capitalising the company’s reserves. This method particularly appeals to investors seeking to expand their portfolios without incurring direct costs.

 

 

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.