Bajaj Auto has announced a major step in its global expansion strategy by approving an investment of up to €150 million (approximately ₹1,364 crore) in its wholly-owned subsidiary, Bajaj Auto International Holdings BV (BAIH BV), based in the Netherlands.

The investment aims to bolster the subsidiary’s growth and explore new investment opportunities to enhance Bajaj Auto’s international footprint.

Investment Structure and Timeline 

The approval for this capital infusion was granted during Bajaj Auto’s board meeting on Friday. The funds may be deployed in various forms, including equity capital, preference capital, or loans (convertible or non-convertible), based on the requirements of BAIH BV.

The infusion will be executed in one or more tranches and is expected to be completed by March 31, 2026.

BAIH BV’s Role and Growth Focus 

BAIH BV, a 100% subsidiary of Bajaj Auto, primarily focuses on investment activities. With this additional funding, the subsidiary aims to capitalise on emerging investment prospects, reinforcing long-term expansion and strengthening Bajaj Auto’s position in international markets.

Regulatory Approvals and Investment Focus 

Bajaj Auto has already secured all necessary approvals for the investment, including those from the Reserve Bank of India (RBI). While specific investment opportunities were not disclosed in the regulatory filing, the move is closely aligned with Bajaj Auto’s ongoing strategy of increasing its stake in the financially challenged Austrian motorcycle manufacturer, KTM AG.

Bajaj Auto’s Existing Stake in KTM and Future Prospects 

Currently, Bajaj Auto, through BAIH BV, holds a 49.9% stake in Pierer Bajaj AG (PBAG), an associate company based in Austria. PBAG, in turn, owns a controlling 75% stake in Pierer Mobility AG (PMAG), the parent company of KTM AG.

Bajaj Auto has played a crucial role in KTM’s product development, particularly in the under-400cc motorcycle segment, and oversees the Indian market while KTM manages exports to Europe and the U.S.

KTM AG’s Restructuring and Market Impact 

The investment comes in the wake of KTM AG’s judicial restructuring, which primarily affects its Austrian operations and export business. However, Bajaj Auto has clarified that this restructuring will not significantly impact the co-developed motorcycles for the Indian and selected export markets, ensuring continuity in its business strategy and partnerships.

Stock Performance 

On February 21, 2025, Bajaj Auto share price ended 1.44% lower at ₹8,504.55. Bajaj Auto’s share price reached a 52-week high of ₹12,772.15, and a 52-week low of ₹7,892. As per BSE, the total traded volume for the stock stood at 3774 shares with a turnover of ₹3.22 crore.

At the current price, Bajaj Auto shares are trading at a price-to-earnings (P/E) ratio of 29.55x, based on its trailing 12-month earnings per share (EPS) of ₹287.84, and a price-to-book (P/B) ratio of 8.69, according to exchange data.

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

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

The combined market valuation of eight out of the top-10 most valued Indian firms eroded by ₹1,65,784.9 crore last week, as bearish trends in the equity market took a toll on investor sentiment. Tata Consultancy Services (TCS) bore the brunt of the decline, suffering the steepest loss among the affected firms.

During the week, the BSE benchmark index fell by 628.15 points, or 0.82%, while the Nifty dropped 133.35 points, or 0.58%, contributing to the overall decline in market capitalisation.

TCS Leads Market Capitalisation Losses 

Tata Consultancy Services (TCS) recorded the highest market capitalisation erosion, with its valuation plunging by ₹53,185.89 crore to ₹13,69,717.48 crore.

Bharti Airtel and ICICI Bank Among Major Losers 

Bharti Airtel‘s market capitalisation (mcap) suffered a major decline, dropping ₹44,407.77 crore to ₹9,34,223.77 crore. ICICI Bank also witnessed a sharp decline, losing ₹18,235.45 crore to settle at ₹8,70,579.68 crore.

Hindustan Unilever, Infosys Sees Declines 

Hindustan Unilever faced a steep decline in its valuation, with its mcap plunging by ₹17,962.62 crore to ₹5,26,684.38 crore. Infosys also saw a significant drop, losing ₹17,086.61 crore to ₹7,53,700.15 crore.

The market capitalisation of ITC eroded by ₹11,949.42 crore to ₹5,01,750.43 crore, while HDFC Bank suffered a loss of ₹2,555.53 crore, bringing its valuation to ₹12,94,152.82 crore.

State Bank of India (SBI) experienced a relatively smaller decline, with its valuation slipping by ₹401.61 crore to ₹6,43,955.96 crore.

Reliance Industries and Bajaj Finance Defy the Trend 

In contrast to the broader market trend, Reliance Industries saw an increase in its market capitalisation, gaining ₹14,547.3 crore to reach ₹16,61,369.42 crore. Bajaj Finance also managed to add ₹384.33 crore to its valuation, bringing its market cap to ₹5,20,466.75 crore.

Despite the market downturn, Reliance Industries continued to hold its position as the most valued company in India, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, Bajaj Finance, and ITC.

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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.

On February 18, 2025, Bajaj Finserv share price traded 0.72% higher at ₹1,906.25 at 11:03 AM (IST). Bajaj Finserv’s share price reached a 52-week high of ₹2,029. on September 27, 2024, and a 52-week low of ₹1,419 on June 04, 2025. As per BSE, the total traded volume for the stock stood at 0.18 lakh shares with a turnover of ₹3.41 crore.

At the current price, Bajaj Finserv shares are trading at a price-to-earnings (P/E) ratio of 193.81x, based on its trailing 12-month earnings per share (EPS) of ₹9.76, and a price-to-book (P/B) ratio of 36.40, according to exchange data.

Shareholding Details

As of December 31, 2024, Bajaj Finserv promoters held 60.64% of the shares, Foreign Institutional Investors (FIIs) owned 7.40%, and Domestic Institutional Investors (DIIs) held 8.91%.

Bajaj Finserv Q3 FY25 Results

Bajaj Finserv reported a modest 3.4% year-on-year increase in its consolidated net profit, reaching ₹2,231 crore for the third quarter (Q3) of the financial year 2024-25, compared to ₹2,157.67 crore during the same period last year.

Sequentially, the net profit rose by 7% from ₹2,086.97 crore. However, the company’s consolidated interest income declined by 20% year-on-year to ₹13,922.38 crore, down from ₹17,408.60 crore.

On a sequential basis, interest income saw a slight increase of 5% from ₹16,571.61 crore. The company also reported a 28% growth in assets under management (AUM), which stood at ₹3,98,043 crore as of December 31, 2024, up from ₹3,10,968 crore a year ago.

 

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.

Patel Engineering Limited (PEL), in a joint venture, has emerged as the lowest bidder (L1) for a ₹1,090.45 crore contract awarded by the Maharashtra Krishna Valley Development Corporation (MKVDC), Pune.

The project involves constructing a Pipe Line Distribution Network for the Nira Deoghar Right Bank Main Canal, spanning from Km 87 to Km 135, along with its distributaries and minors.

Project Details and Scope of Work

The pipeline network project will be located in Kalaj village, Phaltan Taluka, Satara district, Maharashtra. Patel Engineering’s share in the joint venture is 20%. The project is set to be completed within 36 months from the start date.

The scope of work includes excavation, refilling, and laying of pipelines, along with the installation of various valves, chambers, and outlets. Additionally, the contract involves testing and the provision of a five-year Operations, Repairs, and Maintenance (O&M) period post-completion to ensure the smooth functioning of the network.

About Patel Engineering Limited

Founded in 1949, Patel Engineering Limited (PEL) is a 75-year-old infrastructure company with a prominent presence in the hydropower, tunnelling, and irrigation sectors.

The company has a successful track record, having completed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling for major central public sector undertakings (PSUs) and state government organisations in India and internationally.

Stock Performance 

On February 18, 2025, Patel Engineering share price traded 2.96% lower at ₹43.20 at 10:41 AM (IST). Patel Engineering’s share price reached a 52-week high of ₹74.99, and a 52-week low of ₹42.51. As per BSE, the total traded volume for the stock stood at 3.16 lakh shares with a turnover of ₹1.37 crores.

At the current price, Patel Engineering shares are trading at a price-to-earnings (P/E) ratio of 12.45x, based on its trailing 12-month earnings per share (EPS) of ₹3.47, and a price-to-book (P/B) ratio of 1.00, according to exchange data.

 

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

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

On February 17, 2025, Cochin Shipyard Limited (CSL), India’s state-owned shipbuilding giant, announced that it had signed a memorandum of understanding (MoU) with A.P. Moller–Maersk, one of the world’s leading shipping companies.

The agreement aims to explore collaboration opportunities in ship repair, maintenance, and shipbuilding within India, aligning with the country’s goal to enhance its maritime sector.

Focus Areas of the Collaboration

As per the MoU, CSL and A.P. Moller–Maersk will collaborate on various initiatives, including sharing technical expertise for ship maintenance and repair, dry docking, and new shipbuilding opportunities.

Additionally, both companies will jointly work on training programs and skill development initiatives for the employees of CSL and Maersk, further strengthening the technical capabilities of the Indian maritime workforce.

Government’s Commitment to Maritime Industry Growth

This partnership comes at a time when the Indian government is taking steps to bolster the nation’s maritime industry.

In the Union Budget 2025-26, Union Finance Minister Nirmala Sitharaman announced the establishment of a ₹25,000 crore “Maritime Development Fund,” aimed at enhancing competition within the maritime sector. The government plans to contribute 49% of the total corpus, with the remaining funds to be provided by private sector firms and ports.

Customs Duty Exemption to Boost Competitiveness

In addition, the government has proposed continuing the exemption of Basic Customs Duty (BCD) on raw materials, components, consumables, and parts used in ship manufacturing for the next ten years.

This initiative is designed to make the Indian maritime industry more competitive and encourage the growth of the shipbuilding sector.

Strengthening India’s Maritime Infrastructure

The collaboration between Cochin Shipyard and A.P. Moller–Maersk marks a significant step in India’s efforts to develop a world-class maritime industry.

With the government’s proactive support and private sector engagement, the maritime sector is expected to experience substantial growth and modernisation in the coming years.

Stock Performance 

On February 18, 2025, Cochin Shipyard share price traded 2.62% lower at ₹1,183.75 at 10:25 AM (IST). Cochin Shipyard’s share price reached a 52-week high of ₹2,977.10, and a 52-week low of ₹712.90. As per BSE, the total traded volume for the stock stood at 0.24 lakh shares with a turnover of ₹2.90 crores.

At the current price, Cochin Shipyard shares are trading at a price-to-earnings (P/E) ratio of 37.84x, based on its trailing 12-month earnings per share (EPS) of ₹31.28, and a price-to-book (P/B) ratio of 5.86, according to exchange data.

 

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

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

LTIMindtree Ltd has announced a multi-year partnership with Eurobank S.A., one of Greece’s leading banking institutions, to drive a major banking technology programme. The collaboration aims to enhance customer experience, streamline operations, and develop innovative IT solutions for Eurobank and its subsidiaries.

Eurobank, part of Eurobank Ergasias Services and Holdings S.A., which is headquartered in Athens, Greece, has selected LTIMindtree as its key services partner for various technology initiatives. The partnership is facilitated by Fairfax Digital Services and includes a significant move towards setting up a Global Delivery Center in India.

Global Delivery Center Inauguration in Pune

As part of this collaboration, LTIMindtree and Eurobank inaugurated a new Global Delivery Center on February 17, 2025, located in Pune, Maharashtra. This move underlines LTIMindtree’s commitment to driving banking technology innovation and underscores the growing importance of India as a hub for delivering IT solutions.

Focus on Temenos Implementation and Technology Modernisation

A key aspect of the agreement is LTIMindtree’s role as the Services Partner for Eurobank Luxembourg’s Temenos implementation programme.

LTIMindtree will provide a range of services, including maintenance, data migration, quality assurance, and post-production support. The partnership also extends to technology modernisation for Eurobank Group’s operations across its subsidiaries in Cyprus, Luxembourg, and Greece.

LTIMindtree Expands Global Presence

In line with its expansion, LTIMindtree has recently opened an office in Greece, reinforcing its strong presence in the European market and further aligning with its strategy to offer localised IT solutions for its international clients.

Commitment to Innovation and Growth

Srini Rao, EVP & Chief Business Officer for Europe at LTIMindtree, expressed enthusiasm about the partnership, stating, “We are thrilled to announce our partnership with Eurobank as they embark on an ambitious journey to modernise their banking technology platform. Our expertise in cutting-edge IT services and seamless Temenos implementation positions us uniquely to deliver innovative solutions tailored to Eurobank’s future needs.”

Stock Performance 

On February 18, 2025, LTIMindtree share price traded 2.48% higher at ₹5,614.05 at 10:12 AM (IST). LTIMindtree’s share price reached a 52-week high of ₹6,764.80, and a 52-week low of ₹4,518.35. As per BSE, the total traded volume for the stock stood at 5746 shares with a turnover of ₹3.19 crores.

At the current price, LTIMindtree shares are trading at a price-to-earnings (P/E) ratio of 37.25x, based on its trailing 12-month earnings per share (EPS) of ₹150.58, and a price-to-book (P/B) ratio of 8.20, according to exchange data.

 

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

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

GMR Airports, Asia’s largest private airport operator, has reported an 11% year-on-year (YoY) increase in passenger traffic for January 2025, reaching a total of 1.06 crore.

However, the airport operator saw a slight 2% month-on-month (MoM) decline in passenger numbers compared to December 2024. Despite the MoM dip, the overall trend shows steady growth in demand for air travel.

Increase in Aircraft Movements

The company also reported a 9% YoY rise in aircraft movements, which totalled 63,767 for January 2025. Compared to December 2024, this figure saw a marginal 1% dip, indicating a slight seasonal slowdown in operations.

Domestic and International Traffic Trends

Domestic passenger traffic saw an 11% YoY increase, while international traffic surged 12.4% YoY, highlighting the steady and growing demand for air travel on both domestic and international routes.

Financial Performance for Q3 FY25

The positive traffic growth coincided with GMR Airports’ strong financial performance for the December quarter of FY25. The company reported a net profit of ₹202.1 crore, a sharp turnaround from the net loss of ₹486.4 crore recorded in the same quarter of the previous year.

Revenue and EBITDA Growth

GMR Airports also saw a significant rise in revenue, which increased by 19.2% YoY to ₹2,653.2 crore. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 48.3% YoY, totalling ₹991.7 crores. The EBITDA margin also improved to 37.4%, compared to 30% in Q3 FY24, reflecting strong operational efficiency.

Expanding Global Presence

GMR Airports manages some of India’s major airports, including Delhi International Airport, Hyderabad International Airport, and New Goa International Airport.

Additionally, the company operates overseas airports in Cebu, Philippines, and Medan, Indonesia. The strong performance and robust growth across both passenger traffic and financial results reinforce GMR Airports’ position as a leader in the global airport industry.

Stocks Performance 

On February 18, 2025, GMR Airports share price traded 0.68% lower at ₹69.74 at 9:57 AM (IST). GMR Airports’s share price reached a 52-week high of ₹103.70, and a 52-week low of ₹68.30. As per BSE, the total traded volume for the stock stood at 0.27 shares with a turnover of ₹19.06 lakhs.

At the current price, GMR Airports shares are trading at a price-to-earnings (P/E) ratio of -348.70x, based on its trailing 12-month earnings per share (EPS) of ₹-0.20, and a price-to-book (P/B) ratio of 1.54, according to exchange data.

 

 

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

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

Karnataka Bank Ltd announced on Monday, February 17, that it has identified deficiencies in its reconciliation process for cross-border UPI transactions, leading to an estimated loss of ₹18.57 crore, net of immediate recovery. The private sector lender assured that its operations and customer services remain unaffected despite the issue.

Deficiencies in the Reconciliation Process Discovered

During a review of suspicious UPI Global transactions, Karnataka Bank detected reconciliation issues that resulted in transaction reversals to customers. The bank confirmed that this discrepancy does not impact its overall operations or the quality of customer service. The matter was reported to the Reserve Bank of India (RBI) on February 17, 2025.

Steps Taken to Address the Issue

Karnataka Bank has initiated measures to recover the lost amount and implemented additional control mechanisms to prevent similar issues in the future. In a regulatory filing, the bank stated: “The bank will initiate necessary actions towards recovery of the amount involved and has also put in place additional control processes to prevent recurrence.”

Q3 FY25 Performance

The announcement comes as Karnataka Bank reported a net profit of ₹283.6 crore for the quarter ending December 2024, reflecting a 14.3% decline from ₹331 crore reported in the same period last year. Additionally, the bank’s net interest income (NII) for the quarter stood at ₹792.8 crore, marking a 4.2% drop from ₹827.6 crore a year ago.

Regulatory and Risk Management Measures

As part of its risk management strategy, Karnataka Bank has reinforced its reconciliation processes to mitigate potential discrepancies in UPI transactions. The bank remains committed to strengthening its internal controls and ensuring compliance with regulatory norms.

Despite the reported loss, Karnataka Bank maintains that the deficiency will not disrupt its regular banking operations and continues to focus on customer service excellence.

Stock Performance

On February 18, 2025, Karnataka Bank share price traded 0.57% lower at ₹172.95 at 9:45 AM (IST). Karnataka Bank’s share price reached a 52-week high of ₹259.40, and a 52-week low of ₹172.45. As per BSE, the total traded volume for the stock stood at 4227 shares with a turnover of ₹7.32 lakhs.

At the current price, Karnataka Bank shares are trading at a price-to-earnings (P/E) ratio of 5.05x, based on its trailing 12-month earnings per share (EPS) of ₹34.25, and a price-to-book (P/B) ratio of 0.57, according to exchange data.

 

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

 

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

SBI Cards and Payment Services Ltd has announced an interim dividend and a leadership change, with Salila Pande set to take over as Managing Director & CEO from April 1, 2025.

Interim Dividend of ₹2.50 Per Share

On Monday, February 17, SBI Cards declared an interim dividend of ₹2.50 per share, which is 25% of the face value of ₹10, for the financial year 2024-25. The company has set February 25, 2025, as the record date for determining shareholder eligibility for the dividend. Payments will be processed by March 18, 2025, ensuring timely distribution to shareholders.

Salila Pande to Succeed Abhijit Chakravorty as MD & CEO

In a major leadership transition, SBI Cards’ board has approved the appointment of Salila Pande as the new Managing Director & CEO. She will assume the role on April 1, 2025, following the retirement of the current MD & CEO, Abhijit Chakravorty, on March 31, 2025. Pande’s appointment is subject to shareholder and regulatory approvals.

In a regulatory filing, SBI Cards stated: “… under the superannuation of Abhijit Chakravorty from the services of State Bank of India w.e.f. March 31, 2025, approved the appointment of Smt. Salila Pande as Managing Director & CEO (nominated by State Bank of India) of the company with effect from April 1, 2025, for 2 years, subject to necessary approval(s) as may be required including approval of the shareholders of the company.”

Pande’s Extensive Banking Experience

Salila Pande is currently serving as Chief General Manager at the State Bank of India (SBI) and has been associated with the banking giant since 1995 when she joined as a probationary officer. Over the years, she has gained significant expertise in international banking, retail banking, and risk management.

Pande has held several key positions within SBI, including Vice President — Mid Office at SBI Singapore, Deputy General Manager (Business and Operations) in Delhi, and President & CEO of SBI California, a foreign subsidiary of the bank. Her extensive experience positions her well to lead SBI Cards into its next phase of growth.

Strategic Implications

The announcement of both the interim dividend and the leadership transition reflects SBI Cards’ commitment to delivering shareholder value while ensuring continuity in leadership. The appointment of an experienced banker like Pande is expected to bolster the company’s strategic direction, particularly in an increasingly competitive financial services landscape.

Stock Performance

On February 18, 2025, SBI Cards and Payment Services share price traded 0.86% lower at ₹846.45 at 9:33 AM (IST). SBI Cards and Payment Services’s share price reached a 52-week high of ₹871.90, and a 52-week low of ₹649. As per BSE, the total traded volume for the stock stood at 7307 shares with a turnover of ₹62 lakhs.

At the current price, SBI Cards and Payment Services shares are trading at a price-to-earnings (P/E) ratio of 39.73x, based on its trailing 12-month earnings per share (EPS) of ₹21.49, and a price-to-book (P/B) ratio of 6.21, according to exchange data.

 

 

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

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