Indian Overseas Bank Receives ₹699.52 Crore GST Demand Notice

Public sector lender Indian Overseas Bank (IOB) has received a tax demand notice of ₹699.52 crore from the Deputy Commissioner (ST)-III, Large Taxpayers Unit, Chennai-35, for alleged Goods and Services Tax (GST) liabilities related to the assessment year 2020-21.

The notice, dated February 27, 2025, includes a penalty component of ₹35.26 crore, in addition to tax and interest.

Breakdown of GST Demand

The demand was issued following an annual scrutiny of the bank’s GST filings, during which authorities identified discrepancies in tax payments. In a regulatory filing, IOB disclosed “This is to inform that the Bank has received a demand dated February 27, 2025, from Deputy Commissioner (ST)-III, Large Taxpayers Unit, Chennai-35, for GST liability of ₹699.52 crore, inclusive of interest and penalty from Annual Scrutiny for the Assessment Year 2020-21. The penalty imposed by the authority amounts to ₹35.26 crore.”

IOB to Challenge the Notice

Indian Overseas Bank has stated that it has strong legal grounds to contest the demand and has already taken appropriate legal recourse. The bank, citing expert legal opinion, believes that the order lacks legal justification and expects it to be set aside by appellate authorities.

“The bank has taken appropriate legal recourse in the matter, and based on our assessment and legal course adopted by the Bank and expert opinion, we believe that the demand order shall have no material impact on the financials, operations, or other activities of the bank,” IOB added.

No Expected Financial Impact

Despite the significant amount involved, IOB has reassured stakeholders that the demand notice will not affect its financial position, day-to-day operations, or business activities. The bank remains confident that the appellate authorities will rule in its favor, nullifying any potential liabilities arising from the scrutiny.

Stock Performance 

On March 03, 2025, Indian Overseas Bank (IOB) share price traded 4.66% lower at ₹41.51 at 9:48 AM (IST). Indian Overseas Bank (IOB)’s share price reached a 52-week high of ₹75.45, and a 52-week low of ₹41.20. As per BSE, the total traded volume for the stock stood at 3.43 lakh shares with a turnover of ₹1.44 crores.

At the current price, Indian Overseas Bank (IOB) shares are trading at a price-to-earnings (P/E) ratio of 25.43x, based on its trailing 12-month earnings per share (EPS) of ₹1.64, and a price-to-book (P/B) ratio of 2.77, 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.

Mankind Pharma Faces ₹111.68 Crore Tax Demand from Income Tax Department

Pharmaceutical giant Mankind Pharma Ltd has received a tax demand of ₹111.68 crore from the Income Tax Department for the Assessment Year 2021-22.

The demand, raised under Section 143(3) read with Section 144C(3) of the Income-tax Act, 1961, was issued by the Deputy Commissioner of Income Tax, Central Circle 29, New Delhi, on February 25, 2025. The company received the order through the IT portal on February 27, 2025.

Tax Demand Details

According to the Income Tax Department, the demand is based on adjustments related to Section 80IC/80IE, which deals with tax benefits for industrial undertakings in certain regions, and the disallowance of various expenditures under Section 37(1) of the Act. The company disclosed the development in a regulatory filing, stating:

“The IT authority vide assessment order dated February 25, 2025, has raised additional tax demand (including interest) of INR 111.68 crores under section 143(3) read with Section 144C(3) of the Income-tax Act, 1961 (‘the Act’) on account of adjustment made u/s 80IC/80IE of the Act and disallowance of various expenditures u/s 37(1) of the Act.”

Mankind Pharma to Contest the Order

Mankind Pharma has expressed its disagreement with the tax demand, asserting that it is not legally tenable. The company maintains that it has strong legal and factual grounds to challenge the order and plans to file an appeal under the applicable laws.

“The company believes that the demand under the above-referred order is not tenable in law. The company has adequate factual and legal grounds to substantiate its position and does not expect any material impact on the financials or operations of the company due to the said order. The company would pursue an appeal against the said order under the applicable laws,” Mankind Pharma stated.

No Expected Impact on Financials

Despite the hefty tax demand, Mankind Pharma reassured stakeholders that the issue is unlikely to have any material impact on its financials or operations. The company remains confident in its legal position and intends to follow the necessary legal procedures to challenge the order.

The development comes as part of the ongoing tax assessments and scrutiny faced by large corporations in India, with tax authorities closely reviewing financial statements and compliance with tax laws.

Stock Performance 

On March 03, 2025, Mankind Pharma share price traded 3.30% lower at ₹2,214 at 9:35 AM (IST). Mankind Pharma’s share price reached a 52-week high of ₹3,050, and a 52-week low of ₹1,910.10. As per BSE, the total traded volume for the stock stood at 1471 shares with a turnover of ₹32.91 lakhs.

At the current price, Mankind Pharma shares are trading at a price-to-earnings (P/E) ratio of 45.15x, based on its trailing 12-month earnings per share (EPS) of ₹48.92, and a price-to-book (P/B) ratio of 8.45, 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.

Voltas Concludes 92% Stake Sale in Saudi Ensas to UMPPL Singapore for ₹61.84 Crore

Voltas a leading air conditioning and engineering services provider, announced on Friday (February 28) that it has completed the transfer of its 92% stake in Saudi Ensas Company for Engineering Services W.L.L., Kingdom of Saudi Arabia, to Universal MEP Projects Pte Ltd (UMPPL), Singapore.

 Details of Stake Sale 

The deal, valued at ₹61.84 crore, was finalised following the fulfilment of all Conditions Precedent and receipt of necessary regulatory approvals.

The Company in an exchange filing said that “As UMPPL is a step-down wholly owned subsidiary of the company, the economic interest of the company in Saudi Ensas Company for Engineering Services W.L.L. remains intact, and it continues to be a wholly owned subsidiary of the company,” Voltas stated.

Q3 FY25 Performance 

Voltas reported a strong financial turnaround alongside its stake transfer announcement. The company posted a net profit of ₹130.8 crore for the quarter, recovering from a net loss of ₹28 crore in the previous year. Revenue from operations grew by 18.3%, reaching ₹3,105.1 crore compared to ₹2,625 crore a year ago.

Despite improved earnings, Voltas’ EBITDA stood at ₹197.4 crore, falling short of market expectations of ₹213 crore. However, this marked a significant rise from ₹28 crore in the base quarter. The EBITDA margin improved to 6.4% from 1.1% last year, indicating a stronger overall financial performance for the company.

Stock Performance 

On March 03, 2025, Voltas’ share price traded 3.64% higher at ₹1,365 at 9:21 AM (IST). Voltas’s share price reached a 52-week high of ₹1,946.20 on September 20, 2025, and a 52-week low of ₹1,024.50 on March 13, 2024. As per BSE, the total traded volume for the stock stood at 8406 shares with a turnover of ₹1.14 crore.

At the current price, Voltas shares are trading at a price-to-earnings (P/E) ratio of 60.51x, based on its trailing 12-month earnings per share (EPS) of ₹22.56, and a price-to-book (P/B) ratio of 5.70, 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 Lose ₹3.09 Lakh Crore in Market Capitalisation; TCS, Infosys Top Losers

The combined market capitalisation of 8 of India’s top-10 most valued companies eroded by ₹3,09,244.57 crore in a holiday-shortened week, as a sharp decline in equities weighed on investor sentiment.

Tata Consultancy Services (TCS) suffered the biggest loss, slipping to the third position in the ranking of India’s most valuable companies.

Stock Market Performance in February 

The bearish trend in the stock market saw the BSE Sensex tumble 2,112.96 points (2.80%) and the NSE Nifty declined 671.2 points (2.94%) over the past week. The fall added to February’s steep losses, where the Nifty shed 1,383.7 points (5.88%) and the Sensex lost 4,302.47 points (5.55%).

TCS Remains the Top Loser

Tata Consultancy Services (TCS) saw its market capitalisation plunge by ₹1,09,211.97 crore, bringing its valuation down to ₹12,60,505.51 crore. This sharp decline caused TCS to lose its second-place ranking among India’s most valuable firms, with HDFC Bank overtaking it.

Infosys, Bharti Airtel Continues to Fall

Several top Indian companies witnessed a sharp decline in market capitalisation amid the recent market downturn. Infosys saw its valuation drop by ₹52,697.93 crore to ₹7,01,002.22 crore, while Bharti Airtel lost ₹39,230.1 crore, bringing its total valuation to ₹8,94,993.67 crore.

Reliance Industries despite remaining India’s most valuable company, saw its market cap decline by ₹38,025.97 crore to ₹16,23,343.45 crore. State Bank of India (SBI) also faced significant losses, with its valuation falling by ₹29,718.99 crore to ₹6,14,236.97 crore.

ICICI Bank‘s market cap dropped by ₹20,775.78 crore to ₹8,49,803.90 crore, while Hindustan Unilever and ITC saw declines of ₹11,700.97 crore and ₹7,882.86 crore, respectively, bringing their valuations to ₹5,14,983.41 crore and ₹4,93,867.57 crore.

HDFC Bank and Bajaj Finance See Gains

While most companies faced losses, HDFC Bank bucked the trend, adding ₹30,258.49 crore to reach a market capitalisation of ₹13,24,411.31 crore, securing its position as the second most valued firm in India. Bajaj Finance also gained ₹9,050.24 crore, taking its valuation to ₹5,29,516.99 crore.

Ranking of India’s Most Valued Companies

Despite the market downturn, Reliance Industries remained India’s most valuable company, followed by HDFC Bank, which overtook Tata Consultancy Services (TCS) for the second spot.

Bharti Airtel secured the fourth position, while ICICI Bank ranked fifth. Infosys, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC completed the top-10 list.

Conclusion

The recent market downturn led to significant valuation losses for India’s top companies, with TCS suffering the biggest decline. While most firms faced erosion in market cap, HDFC Bank and Bajaj Finance saw gains.

Despite volatility, Reliance Industries retained its position as India’s most valuable company, followed by HDFC Bank and TCS.

 

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.

FPIs Pull Out ₹34,574 cr From Equities in Feb; Total Outflows Hit ₹1.12 Lakh cr in 2025

Foreign investors continued their heavy selling spree in the Indian equity markets, pulling out ₹34,574 crore in February 2025. This pushed the total outflows for the first two months of the year to ₹1.12 lakh crore, amid rising global trade tensions and concerns over corporate earnings growth.

Massive Outflows from Indian Equities

According to data from depositories, Foreign Portfolio Investors (FPIs) offloaded shares worth ₹34,574 crore in February 2025.

This followed a net outflow of ₹78,027 crore in January, bringing the total FPI equity outflows to ₹1,12,601 crore so far this year.

Impact on the Stock Market

The aggressive FPI selling has weighed heavily on the Indian stock market, with the BSE benchmark Sensex declining by over 6% year-to-date.

The continued outflows indicate a lack of confidence among foreign investors, who are cautious amid global economic uncertainties.

Withdrawals from the Debt Market

Apart from equities, FPIs also pulled out funds from the debt segment. In February, they withdrew ₹8,932 crores from the debt general limit and ₹2,666 crores from the debt voluntary retention route, further signalling their cautious stance on Indian markets.

Comparing Past Trends

The current FPI outflows starkly contrast with previous years. In 2024, foreign investors had already scaled back their investments, recording net inflows of just ₹427 crore.

This was a significant drop from the ₹1.71 lakh crore net inflows in 2023, which were driven by optimism over India’s strong economic fundamentals. In contrast, 2022 saw a net outflow of ₹1.21 lakh crore as global central banks raised interest rates aggressively.

Conclusion

The overall trend suggests that FPIs are adopting a risk-averse approach due to global uncertainties, corporate earnings concerns, and market volatility. While 2023 was a strong year for foreign investments in India, the sharp pullback in 2024 and early 2025 highlights a shift in sentiment.

 

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.

Upcoming NFOs in March 2025: Key Details

New Fund Offers (NFOs) enable mutual fund companies to introduce new investment schemes across equity, debt, and sector-focused categories. In March 2025, only 1 NFO will be available in the market. This article highlights the upcoming NFO for the month.

Fund Name Initial Investment (₹) NFO Start Date NFO End Date
Samco Large Cap Fund Regular Growth 5,000 March 05, 2025 March 19, 2025

Overview of Upcoming NFOs

  • Samco Large Cap Fund Regular Growth

Samco Asset Management Pvt Ltd is set to launch the Samco Large Cap Fund Regular Growth, an open-ended large-cap investment scheme benchmarked against the Nifty 100 ESG Total Return Index. 

The NFO will open for subscription on March 5, 2025, and close on March 19, 2025, with an initial investment requirement of ₹5,000

Are NFOs a Good Investment? 

New Fund Offers (NFOs) provide investors with an opportunity to purchase mutual fund units at their initial price before the Net Asset Value (NAV) fluctuates. 

They offer early access to potentially high-performing funds and exposure to new sectors, strategies, or asset types with significant growth potential. 

However, before investing in an NFO, investors should evaluate key factors to ensure it aligns with their financial goals.

Things to Consider Before Investing in NFOs

1. Investment Goal

Before investing in an NFO, ensure that the fund’s objective aligns with your financial plans. Whether you seek capital appreciation, income generation, or capital preservation, choosing the right NFO based on your goal is crucial.

2. Risk Level

Understanding the risk involved is essential. Equity-based NFOs generally carry higher risk compared to debt-based ones. Investors should assess their risk tolerance before making an investment decision.

3. Expense Ratio

The expense ratio determines the cost of managing the fund. A lower expense ratio means lower costs, which can enhance long-term returns. Investors should compare the expense ratios of similar funds before investing in an NFO.

4. Fund Manager’s Experience

A fund’s performance often depends on the expertise of its fund manager. Checking the track record of the fund manager handling the NFO can provide insights into how well they navigate market fluctuations and generate returns.

5. Investment Duration

Investors should consider their investment timeline when choosing an NFO. Long-term funds are more suitable for those seeking higher returns, while short-term investors may need to assess liquidity and risk factors carefully.

6. Past Performance of Similar Funds

Since NFOs do not have a historical performance record, reviewing similar funds in the same category can help set realistic expectations about potential returns and risks.

Conclusion

March 2025 brings limited NFO options for investors across various themes and strategies. Whether seeking exposure to equity-based strategies, sector-focused funds, or diversified investment opportunities, investors should conduct thorough research before making a decision.

 By carefully evaluating key factors like risk, expense ratio, and fund manager experience, investors can build a well-diversified portfolio that aligns with their financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. 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.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

 

Stocks To Watch Today on March 03, 2025: Voltas, Auto Stocks, IIFL Finance and More in Focus

Indian markets are expected to be impacted today. At 7:05 AM, GIFT Nifty futures were up by 90.50 points at 22,360.

In the previous session, the Sensex dropped by 1,414.33 points (1.90%) to 73,198.10, while the Nifty50 fell by 420.35 points (1.86%) to 22,124.70.

Here are the key stocks to watch today on March 03, 2025:

Voltas

Tata Group’s air conditioning and appliances company, Voltas, has transferred its 92% stake in Saudi Ensas Co for Engineering, a Saudi Arabia-based firm, to Universal MEP Projects Pte Limited (UMPPL), a Singapore-based entity. The deal is valued at ₹61.84 crore.

IIFL Finance

IIFL Finance has approved the issuance of secured, listed, rated, redeemable, non-convertible debentures (NCDs) through a private placement. The total issue size stands at ₹150 crore, comprising a base issue of ₹75 crore and an additional greenshoe option of ₹75 crore, issuing 15,000 NCDs.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank has finalised the sale of its stressed loan portfolio, which had an outstanding balance of ₹364.51 crore, to an Asset Reconstruction Company (ARC) for ₹34.26 crore.

Aditya Birla Real Estate

Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate, has announced the launch of Birla Trimaya Phase III – The Park in North Bengaluru. Within 24 hours of the launch, the project recorded a booking value of approximately ₹500 crore, with over 300 units sold. This brings the cumulative booking value across all launched phases to around ₹1,500 crore.

NTPC 

Maharatna company NTPC has set a new record by generating 400 billion units (BU) of electricity in FY24-25 as of March 1, 2025—achieving the milestone 12 days earlier than the previous year’s mark on March 13, 2024. With an installed capacity exceeding 77 GW and 29.5 GW under construction, including 9.6 GW of renewable energy, NTPC supplies a quarter of India’s power needs. The company is also targeting 60 GW of renewable capacity by 2032.

RailTel

RailTel Corporation has received a work order worth ₹26.4 crore from the Cuttack Development Authority. Additionally, the company has secured another contract valued at ₹37.2 crore from the Madhya Pradesh State Electronics Development Corporation, bringing the total order value to ₹63.6 crore.

Tata Motors

Tata Motors reported an 8% year-on-year drop in total sales for February at 79,344 units. Domestic sales fell 9% to 77,232 units, passenger vehicle sales declined 9% to 46,811 units, and commercial vehicle sales dropped 7% to 32,533 units.

Aurobindo Pharma

Aurobindo Pharma has approved the acquisition of the remaining 80% equity in Tergene Biotech, a joint venture and step-down subsidiary. Following the acquisition, Tergene will become a direct subsidiary of the company.

Mahindra & Mahindra

Mahindra & Mahindra Auto reported February sales of 83,702 units. Passenger vehicle sales grew 19% to 50,420 units, exports surged 99% to 3,061 units, three-wheeler sales rose 4%, and tractor sales jumped 18% to 25,527 units.

Maruti Suzuki India

Maruti Suzuki reported total auto sales of 1.99 lakh units in February 2025, up 1% YoY. Domestic sales grew 3.6% to 1.74 lakh units, while exports declined 13.5% to 25,021 units from 28,927 units YoY.

Hyundai Motor India 

Hyundai Motor India, the South Korean auto major’s locally listed unit reported total auto sales of 58,727 units in February 2025, comprising 47,727 units in domestic sales and 11,000 units in exports.

Conclusion

The latest corporate updates highlight key developments across various sectors, from stake acquisitions and project launches to strong sales performances. While auto majors saw mixed sales trends, power and infrastructure firms like NTPC and RailTel secured notable milestones. These moves reflect ongoing growth, strategic expansions, and evolving market dynamics across 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 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.

Madhabi Puri Buch’s SEBI Tenure Ends: 4 Key Changes Made Under Her Leadership in Markets

Madhabi Puri Buch’s three-year tenure as Chairperson of the Securities and Exchange Board of India (SEBI) is set to conclude on March 1, 2025.

Madhabi Puri Buch, the first woman to lead the market regulator, implemented several structural changes aimed at enhancing market transparency, investor protection, and regulatory oversight.

Following the approval of the Appointments Committee of the Cabinet, Finance Secretary Tuhin Kanta Pandey has been appointed as the new Chairperson of SEBI.

Key Reforms Introduced by Madhabi Puri Buch

1. Stricter Oversight on Derivatives Trading

One of Buch’s most significant measures was restricting retail participation in derivatives trading. SEBI’s internal study revealed that households were losing nearly ₹60,000 crore annually in derivatives.

Despite resistance from industry players, SEBI imposed restrictions on futures and options (F&O) trading to protect retail investors from excessive risk.

2. Fast-Tracking Rights Issues

Under Buch’s leadership, SEBI streamlined the process for rights issues, making it faster and more efficient for companies to raise funds from existing shareholders.

The timeline for processing rights issues was significantly reduced from 126 days to just 20 days, facilitating quicker capital infusion for businesses.

3. New Investment Products for High-Net-Worth Individuals

SEBI introduced a new investment product category positioned between mutual funds and portfolio management services (PMS).

This move provided high-net-worth individuals (HNIs) with a new option for more tailored investment strategies, bridging the gap between traditional fund structures and customised portfolio management.

4. Introduction of Small & Medium REITs

To increase retail participation in real estate investments, SEBI launched Small & Medium Real Estate Investment Trusts (SM REITs).

The minimum asset size requirement was reduced from ₹500 crore to ₹50 crore, making it more accessible to investors and expanding opportunities within the real estate sector.

Conclusion

Madhabi Puri Buch’s tenure as SEBI Chairperson marked a period of transformative regulatory changes, aimed at bolstering investor confidence and market integrity.

With Tuhin Kanta Pandey now at the helm, the focus will be on sustaining these reforms and further strengthening India’s financial regulatory framework to support evolving market dynamics.

 

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.

Shares That Hit Circuit Limits On February 28, 2025, Wockhardt, Websol Energy System and More

On February 28, 2025, BSE Sensex closed 1.90% lower at 73,198.10, while Nifty50 fell 1.86% to 22,124.70. Amidst the market volatility, stocks like Wockhardt Ltd, Websol Energy System and E2E Networks hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on February 28, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Jindal Worldwide Ltd 82.7 19.94 20 141.47 112.82
Shaily Engineering Plastics Ltd 1,560.90 5 5 5 75.26
Vakrangee Limited 13.9 3.58 5 143.12 19.36
Mirae Asset Hang Seng TECH 25.29 -2.05 20 38.96 9.74
Kernex Microsystems (India) Limited 889.8 5 5 0.78 6.74

Stocks That Hit Lower Circuit on February 28, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Wockhardt Ltd 1,158.85 -0.82 5 10.93 123.09
Websol Energy System Ltd 937.1 -5 5 6.11 57.27
Ask Automotive Ltd 355.05 -10 10 15.42 56.75
E2E Networks 1,798.55 -4.99 5 2.24 40.6
V2 Retail Ltd 1,575.85 -5 5 2.09 32.91

Overview of Companies Hitting Circuits Today

  • Websol Energy System

On February 28, 2025, Websol Energy System share price ended 5% lower at ₹937.1. Websol Energy Systems’ share price reached a 52-week high of ₹1,891.10, and a 52-week low of ₹320.10. At the current price, Websol Energy System shares are trading at a price-to-earnings (P/E) ratio of 82.35x, based on its trailing 12-month earnings per share (EPS) of ₹11.35, and a price-to-book (P/B) ratio of 20.93, according to exchange data.

  • Wockhardt Ltd

On February 28, 2025, Wockhardt Ltd share price ended 0.82% lower at ₹1,158.85. Wockhardt Ltd’s share price reached a 52-week high of ₹1,678.60, and a 52-week low of ₹489.20. At the current price, Wockhardt Ltd shares are trading at a price-to-earnings (P/E) ratio of -108.12x, based on its trailing 12-month earnings per share (EPS) of ₹-10.96, and a price-to-book (P/B) ratio of 10.91, according to exchange data.

  • Ask Automotive

On February 27, 2025, Ask Automotive share price ended 10% lower at ₹355.05. Ask Automotive’s share price reached a 52-week high of ₹508.95, and a 52-week low of ₹240.70. At the current price, Ask Automotive shares are trading at a price-to-earnings (P/E) ratio of 32.99x, based on its trailing 12-month earnings per share (EPS) of ₹10.75, and a price-to-book (P/B) ratio of 7.30, according to exchange data.

  • E2E Network

On February 28, 2025, E2E Network share price ended 4.99% lower at ₹1,798.55. E2E Network’s share price reached a 52-week high of ₹948.75 and a 52-week low of ₹200.00. At the current price, E2E Network shares are trading at a price-to-earnings (P/E) ratio of 100.97x, based on its trailing 12-month earnings per share (EPS) of ₹7.30, and a price-to-book (P/B) ratio of 7.70, according to exchange data.

  • Jindal Worldwide

On February 28, 2025, Jindal Worldwide share price ended 19.96% higher at ₹82.65. Jindal Worldwide’s share price reached a 52-week high of ₹94.19, and a 52-week low of ₹54.26. At the current price, Jindal Worldwide shares are trading at a price-to-earnings (P/E) ratio of 21.69x, based on its trailing 12-month earnings per share (EPS) of ₹3.81, and a price-to-book (P/B) ratio of 2.24, 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.

USD/INR: Rupee Hits Two-Week Low Amid FII Sell-Off and Trade War Concerns

The Indian rupee weakened further on Friday, declining to 87.3850 against the U.S. dollar at 10:58 a.m. IST, down from 87.20 in the previous session. The Reserve Bank of India (RBI) intervened in the forex market on Thursday when the currency touched 87.40, attempting to stabilise its value.

The rupee, along with other Asian currencies, struggled due to heightened concerns over a global trade war. U.S. President Donald Trump announced that tariffs on Canada and Mexico would take effect next week, along with additional levies on China. In response, Canada vowed swift retaliation.

U.S. equities saw a sharp decline on Thursday, while the dollar index surged, further pressuring emerging market currencies. Meanwhile, the dollar-rupee forward premiums remained range-bound as investors awaited the results of the RBI’s $10 billion forex swap.

Rupee Falls Over 5% in One Year

The Indian rupee has depreciated by more than 5% over the past year. Nearly a year ago, the dollar traded around 82.87 against the rupee, according to Investing.com data. On February 25, 2025, the exchange rate stood at ₹87.089 per dollar, reflecting a significant decline.

This depreciation has made overseas expenses costlier for Indian students and businesses. The total cost to study in the U.S. for one year, including tuition and living expenses, can range between $80,000 and $100,000. With the rupee’s decline, the cost has increased to ₹69.67 lakh from ₹66 lakh, adding an extra ₹3.67 lakh per year. For a two-year program, the additional cost rises to ₹7.34 lakh.

FPIs Continue to Exit Indian Markets

Overseas investors have been aggressively selling Indian equities, with more than $4.2 billion worth of shares offloaded this month alone. Since the end of September 2024, total foreign investment outflows have reached a staggering $25 billion.

The benchmark stock index is on track to close in the red for the fifth consecutive month, marking its longest losing streak since 1996. In October 2024, foreign investors withdrew nearly $11 billion from Indian markets, followed by further outflows of $2.7 billion in November and $8.4 billion in January 2025. However, December 2024 saw a brief respite as foreign investors turned net buyers, purchasing stocks worth $1.3 billion.

Crude Oil Prices Remain Volatile Amid Tariff Concerns

Crude oil prices saw fluctuations amid renewed trade tensions and economic concerns. West Texas Intermediate (WTI) crude hovered near $70 per barrel after a 2% surge on Thursday, while Brent crude closed just above $74 per barrel.

President Trump reaffirmed plans to impose tariffs on imports from Canada and Mexico starting March 4, including a potential 10% levy on Canadian energy products. This could drive up crude prices, but broader tariffs on goods risk slowing economic growth and reducing oil demand.

Despite the recent uptick, crude remains on track for a monthly loss due to weak economic data and global growth concerns. Additionally, Trump’s increased tariffs on China, the world’s largest crude importer, may further dampen demand. On the supply side, potential pipeline exports from Iraq’s semi-autonomous Kurdistan region could resume, while OPEC+ is widely expected to delay any production increase.

 

 

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