On March 31, 2025, Sun Pharma Advanced Research Company Ltd. (SPARC) submitted an Investigational New Drug (IND) application to the US Food and Drug Administration (FDA). This application supports the further development of SBO-154, a potential treatment for advanced solid tumours. The drug has successfully completed preclinical studies, showing positive results. A global Phase 1 trial has been planned to evaluate its effectiveness in treating solid tumours.

Advancing Cancer Treatment

SBO-154 is the first antibody-drug conjugate (ADC) developed by SPARC. With the IND submission, the drug is set to move forward in clinical trials. Anil Raghavan, CEO of SPARC, stated, “SBO-154’s progress into Phase 1 trials is a major milestone for us, as we aim to enhance cancer treatment worldwide.”

About SBO-154

SBO-154 is a unique ADC that targets the SEA domain of the MUC1 protein, which is found in many solid tumours. The drug binds to this domain with high precision and releases a cancer-fighting agent inside the tumour cells. This disrupts cell division, leading to tumour shrinkage. Biomodifying, a startup at the University of Tel Aviv, licensed the anti-MUC1 antibody used in SBO-154.

About SPARC

SPARC is a clinical-stage biopharmaceutical company focusing on developing innovative treatments to improve patient care. Through research and new drug delivery methods, SPARC aims to provide better treatment options for people worldwide.

As of April 1, 2025, at 9:29 AM IST, Sun Pharma Advanced Research Co share price (NSE: SPARC) is trading at ₹149.92, up ₹2.01 (1.36%) for the day. The stock opened at ₹146.40 and reached a high of ₹150.28 while the day’s low remains ₹146.40. The company has a market capitalisation of ₹4,870 crore. SPARC does not have a P/E ratio or dividend yield listed. Over the past 52 weeks, the stock has hit a high of ₹472.80 and a low of ₹109.30.

Conclusion

With the IND submission for SBO-154, SPARC takes a significant step toward advancing cancer treatment. The upcoming Phase 1 trial will determine its potential to improve patient outcomes.

 

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 Indian railway system is often regarded as the backbone of the economy, covering thousands of kilometers and ranking as the fourth-largest railway network globally, after the US, China, and Russia. Managed by the Railway Board, which holds a monopoly over rail services in India, the network is known for its cost-effectiveness and efficiency, making it the preferred mode of transport for long-distance travel among Indian citizens.

As per the Indian Railways 2023 report, the railway sector aims to export ‘Made in India’ Vande Bharat trains to European, South American, and East Asian markets by 2025-26, marking a significant step toward expanding India’s presence in the global rail industry.

Let’s explore the top railway stocks in India for April 2025, ranked by their 5-year CAGR performance, market cap and net profit margin.

Top Railway Stocks in India in April 2025 – 5yr CAGR Basis

Note: The top railways stocks list here is as of March 28, 2025. The stocks are sorted as per the 5Y CAGR, and the market cap is above ₹1,000 crore. 

Overview of the Best Indian Railways Stocks

1. Jupiter Wagons Limited

Jupiter Wagons Limited designs manufactures, and supplies railway wagons, wagon components, and transportation equipment for the railway sector in both India and global markets.

In Q3 FY24, Jupiter Wagons Limited reported a revenue of ₹1,000.04 crore, up from ₹973.63 crore in Q2 FY24. The company’s net profit for the quarter stood at ₹97.86 crore, compared to ₹88.62 crore in the previous quarter. For FY23-24, the total revenue reached ₹3,641.25 crore, with a net profit of ₹332.80 crore.

Key metrics:

• Earning per Share (EPS): ₹8.95
• Return On Equity (ROE): 14.85%

 

2. Titagarh Rail Systems

Titagarh Rail Systems focuses on developing advanced transportation solutions, including semi-high-speed trains, urban metro systems, passenger coaches, and propulsion equipment.

In Q3 FY24, Titagarh Rail Systems reported a revenue of ₹902.18 crore, compared to ₹1,056.95 crore in the previous quarter. The company’s net profit stood at ₹68.94 crore, down from ₹85.12 crore in Q2. For FY23-24, Titagarh Rail Systems recorded a total revenue of ₹3,853.30 crore and a net profit of ₹296.91 crore.

Key metrics:

• EPS: ₹22.93
• ROE: 13.01%

 

3. Ramkrishna Forgings Ltd

Ramkrishna Forgings Ltd specializes in manufacturing and supplying forged, machined, and fabricated components across various industries, including automotive, railways, farm equipment, earthmoving, mining, construction, oil and gas, power, and general engineering.

Ramkrishna Forgings reported a revenue of ₹952.72 crore in Dec 2024, slightly up from ₹952.32 crore in Sep 2024, with a total revenue of ₹3,489.61 crore for FY23-24. The net profit stood at ₹99.55 crore in Dec 2024, compared to ₹182.80 crore in Sep 2024, while the FY23-24 net profit was ₹326.07 crore.

Key metrics:

• EPS: ₹24.48
• ROE: 15.19%

 

4. Texmaco Rail & Engineering Ltd

Texmaco Rail & Engineering Ltd, a subsidiary of the Adventz Group, is an engineering and infrastructure firm specialising in rolling stock manufacturing, hydro-mechanical equipment, steel castings, and railway EPC project construction.

Texmaco Rail & Engineering Ltd reported a revenue of ₹1,085.88 crore in Dec 2024, compared to ₹1,116.29 crore in Sep 2024, with a total of ₹3,502.87 crore for FY23-24. The net profit stood at ₹47.02 crore in Dec 2024, ₹48.45 crore in Sep 2024, and ₹112.69 crore for the fiscal year.

Key metrics:

• EPS: ₹4.57
• ROE: 7.06%

 

5. BEML Limited

BEML Limited, previously known as Bharat Earth Movers Limited, is a state-owned enterprise in India that produces a wide range of heavy machinery for earthmoving, railways, transportation, and mining. Headquartered in Bangalore, BEML is the second-largest manufacturer of earthmoving equipment in Asia.

In Q3 FY24, BEML Limited reported a revenue of ₹875.77 crore, up from ₹859.85 crore in the previous quarter. Net profit stood at ₹24.77 crore, compared to ₹51.41 crore in Q2 FY24. For FY23-24, the company recorded a total revenue of ₹4,054.33 crore and a net profit of ₹283.02 crore.

Key metrics:

• EPS: ₹63.22
• ROE: 10.31%

 

Top Railway Stocks in India in April 2025 – Market Cap Basis

Note: The best railways stocks list here is as of March 28, 2025. The stocks are sorted based on the market cap, and the market cap is above ₹1,000 crore. 

Top Railway Stocks in India in April 2025 – Net Profit Basis

Note: The best railways stocks list here is as of March 28, 2025. The stocks are sorted based on the net profit margin, and the market cap is above ₹1,000 crore. 

Key Factors to Consider Before Investing in Railway Stocks in India

Before investing in railway stocks, it is essential to evaluate the following aspects:

• Government Policies: Since Indian Railways is government-owned, its operations are shaped by policies on infrastructure, tariffs, and privatisation. Staying informed about policy changes is crucial.
• Financial Performance: Assess the financial stability of railway companies by analysing revenue growth, profitability, and debt levels.
• Technological Advancements: Innovations in automation, digitalisation, and electrification enhance efficiency, safety, and cost-effectiveness, influencing stock performance.
• Risk Factors: Consider potential regulatory, operational, and geopolitical risks that could impact the sector.
• Demand Trends: Railway stocks are influenced by passenger and freight demand, driven by factors like population growth, industrial activity, and trade.

Conclusion

While railway stocks offer promising investment opportunities, it is important to align them with your financial goals, risk tolerance, and investment horizon. Seeking right guidance from a financial advisor can help tailor investments to your specific needs.

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 Indian sugar industry is a key contributor to the rural economy, supporting millions of sugarcane farmers and employing around 5 lakh workers in sugar mills. As the world’s largest sugar consumer and the second-largest producer, India’s sugar sector presents strong investment opportunities. This article highlights the top sugar sector stocks in India for April 2025, selected based on their 5-year CAGR, net profit margin, and debt-to-equity ratio.

Best Ethanol Stocks in India for April 2025 – Based on 5yr CAGR

Note: This list of top sugar stocks is based on data as of March 27, 2024. The selected stocks have a market cap above ₹1,000 crore, positive 1-year returns, and are ranked by 5-year CAGR.

Overview of the Best Ethanol Stocks in India for April 2025

1. Piccadily Agro Industries Ltd (PAIL)

Piccadily Agro Industries Ltd (PAIL) is engaged in the production and sale of malt spirits in India. The company also manufactures ethanol, Extra Neutral Alcohol (ENA), and white crystal sugar.

In Q3 FY24-25, PAIL reported a standalone Profit After Tax (PAT) of ₹25.04 crore, reflecting a 32.14% increase year-on-year. EBITDA rose by 46.07% to ₹50.86 crore compared to Q3 FY23-24. The company’s total revenue for the quarter stood at ₹208.32 crore, while the Net Profit Margin improved to 12.02%, marking a 21.78% year-on-year growth.

Key metrics:

• Earning per Share (EPS): 11.43%
• Return on Equity (ROE): 17.83%

 

2. Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd is one of India’s leading integrated sugar manufacturers. For the quarter ending December 31, 2024, the company reported a total income of ₹1,624.20 crore. This was lower than the ₹1,762.01 crore recorded in the previous quarter (September 30, 2024) but higher than ₹1,575.55 crore in the same period last year. 

The company posted a profit of ₹42.57 crore for the quarter, rebounding from a ₹22.42 crore loss in the previous quarter. However, this was a significant decline compared to the ₹137.40 crore profit reported in the corresponding quarter of the previous year.

Key metrics:

• Earning per Share (EPS): 10.65%
• Return on Equity (ROE): 8.11%

 

3. Dalmia Bharat Sugar & Industries

Dalmia Bharat Sugar & Industries is primarily involved in sugar production, power generation, industrial alcohol manufacturing, and refractory product manufacturing. It is one of India’s largest and youngest sugar companies, experiencing rapid growth with operations in Uttar Pradesh and Maharashtra.

For the quarter ending December 2024, Dalmia Bharat Sugar & Industries reported a revenue of ₹840.11 crore, compared to ₹923.33 crore in the previous quarter (September 2024). The company’s net profit stood at ₹70.33 crore, slightly lower than ₹73.71 crore recorded in the previous quarter. 

Key metrics:

• Earning per Share (EPS): 36.96%
• Return on Equity (ROE): 9.81%

 

4. Balrampur Chini Mills Ltd

Balrampur Chini Mills Ltd (BCML), one of India’s leading integrated sugar companies, reported revenue from operations of ₹1,192.15 crore for the quarter ending December 2024. 

This marks a 3.1% decline compared to ₹1,230.39 crore in the same quarter of the previous year. However, EBITDA (excluding other income) increased by 9.2% to ₹123.78 crore, up from ₹113.39 crore in the corresponding period last year.

Key metrics:

• Earning per Share (EPS): 15.91%
• Return on Equity (ROE): 9.58%

 

5. E.I.D. Parry (India) Ltd

E.I.D. Parry (India) Ltd, a part of the Murugappa Group, is engaged in sugar manufacturing in India. 

For the quarter ending December 31, 2024, the company reported consolidated revenue from operations of ₹8,720 crore, marking a 12% rise from ₹7,770 crore in the same quarter of the previous year. Consolidated profit after tax and non-controlling interest increased to ₹195 crore, compared to ₹118 crore in the corresponding period last year.

Key metrics:

• Earning per Share (EPS): -6.55%
• Return on Equity (ROE): -4.00%

Best Ethanol Stocks in India for April 2025 Based on Net Margin

Note: The best sugar stocks list provided here is as of March 27, 2024. The stocks selected have a market cap of more than ₹1,000 crore and are sorted as per their net profit margin. 

Best Ethanol Stocks in April 2025 Based on Debt to Equity Ratio

Note: The best sugar stocks list provided here is as of March 27, 2024. The stocks selected have a market cap of more than ₹1,000 crore and are sorted as per their debt-to-equity ratio. 

Should You Invest in Ethanol Stocks?

Investing in ethanol stocks requires careful consideration, as the industry faces challenges such as fluctuating commodity prices, regulatory shifts, and competition from alternative energy sources. While the sector has promising growth potential, stock performance is largely influenced by government policies, market dynamics, and technological advancements.

Conclusion

Ethanol is a versatile fuel with the potential to drive economic and environmental benefits. Its increased adoption can help reduce oil imports and support sustainability. However, before investing in top ethanol stocks in India, it is essential to assess the key market factors that impact the industry.

 

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.

Ashok Leyland, a key supplier of logistics vehicles to the Indian Army, has secured multiple defence contracts worth over ₹700 crore. These vehicles will support troop transportation, logistics, and other mobility needs under the Close-in Weapon Systems (CIWS) program.

Range of Vehicles for the Armed Forces

The new contracts include a variety of specialised vehicles, such as the Stallion 4×4, Stallion 6×6, Short Chassis Bus, and Mobility System Travelling Platform. These vehicles are designed to handle rough terrains while ensuring reliability and efficiency for military operations.

Commitment to Defence and Self-Reliance

Shenu Agarwal, MD & CEO of Ashok Leyland, stated that the company has been a trusted partner in defence mobility for decades. He emphasised that these new orders strengthen Ashok Leyland’s leadership in the sector and its commitment to providing advanced solutions for the armed forces.

Amandeep Singh, President – Defence Business, highlighted the company’s role in promoting ‘Atmanirbhar Bharat’ through indigenous design and manufacturing. He noted that their range of defence vehicles, from 4×4 to 12×12 platforms, are well-equipped for various military applications, including armoured vehicles.

Strengthening India’s Defence Capabilities

With a strong legacy in defence mobility, Ashok Leyland continues to develop innovative solutions for the armed forces. The company remains committed to timely delivery and is optimistic about its future order pipeline, further reinforcing its role in strengthening India’s defence sector.

About Ashok Leyland Limited

Ashok Leyland Limited is an Indian multinational automotive company headquartered in Chennai. Founded in 1948 as Ashok Motors, it was renamed Ashok Leyland in 1955 following a partnership with British Leyland. The company is now part of the Hinduja Group.

As of March 28 at 11:07 AM IST, Ashok Leyland share price is trading at ₹207.17, down 0.65% (₹1.35). The stock opened at ₹209.95, reached a high of ₹210.00 and a low of ₹205.06. The company’s market capitalisation stands at ₹60,840 crore, with a P/E ratio of 21.52 and a dividend yield of 2.16%. Over the past year, the stock has touched a high of ₹264.65 and a low of ₹166.25.

Conclusion

Ashok Leyland’s latest defence contracts highlight its leadership in military mobility solutions. With a strong focus on innovation and self-reliance, the company continues to support India’s armed forces, ensuring reliability and efficiency in defence logistics.

 

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.

Zaggle Prepaid Ocean Services share price surged 5% for the second straight session on March 28, hitting ₹361.85 per share. The rally comes after the company approved the acquisition of a 45.33% stake in Effiasoft Private Limited.

Acquisition of Effiasoft

On March 27, Zaggle’s board approved the purchase of a 45.33% stake in Effiasoft from its existing shareholders, Koushik Shee and Akula Krishna Rao, for ₹36.72 crore. The board also considered acquiring an additional 5.67% stake from the same shareholders for ₹4.59 crore.

Recent Investment in Mobileware

Earlier this week, Zaggle announced the completion of a 38.34% stake acquisition in Mobileware. This included:

• ₹15.6 crore investment for a 26% stake

• ₹7.25 crore purchase of an additional 12.34% stake from Mobileware’s promoters

Partnership with Omega Healthcare

Zaggle recently partnered with Omega Healthcare Management Services to provide its Zaggle Save platform for employee expense management.

Stock Performance and Outlook

Despite the recent rally, Zaggle’s stock has fallen 30% in the last 3 months, with February marking its worst month since listing in September 2023. Investors reacted negatively to higher operating costs in Q3 FY25, which led to a 21% decline in February.

However, the company remains optimistic about 58-63% revenue growth in FY25 and is actively exploring inorganic growth opportunities for expansion.

Conclusion

While Zaggle Prepaid’s stock has struggled due to rising costs, its recent acquisitions and expansion plans signal long-term growth potential. The company remains focused on scaling operations and strengthening its market position.

 

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

 

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

On March 28, 2025, IndusInd Bank share price declined by 0.97%, hitting an intraday low of ₹667 on the BSE. This drop ended the bank’s 2-day winning streak. At around 9:32 AM, the stock was trading at ₹668.50, down 0.76%, while the BSE Sensex was down 0.13% at 77,508.72. The bank’s market capitalisation stood at ₹52,052.52 crore. 

Over the past year, IndusInd Bank’s stock has dropped by 56%, whereas the Sensex has gained 5.3%. The stock’s 52-week high and low were ₹1,576 and ₹605.40, respectively.

PwC Report on Accounting Discrepancies

The decline in IndusInd Bank’s stock comes as PricewaterhouseCoopers (PwC) is set to release its report on accounting discrepancies in the bank’s derivatives portfolio. Reports suggest that an estimated ₹2,100 crore discrepancy could impact 2.35% of the bank’s net worth. PwC’s report is expected to provide details on the actual financial impact, the lapses in accounting, and necessary corrective actions.

SEBI Investigation into Insider Trading

Meanwhile, the SEBI (Securities and Exchange Board of India) is investigating potential insider trading violations at IndusInd Bank. The regulator is looking into whether 5 senior executives traded shares while possessing unpublished price-sensitive information (UPSI). SEBI has also requested details of the trades conducted by these executives.

Promoter Stake and Capital Requirement

IndusInd Bank had earlier disclosed accounting discrepancies related to its derivatives portfolio on March 10. However, IIHL Chairman Ashok Hinduja clarified that the bank has not sought additional capital from its promoters despite the financial impact. IIHL, the investment arm of the Hinduja Group, recently got approval from the RBI to increase its stake in IndusInd Bank from 16% to 26%.

Conclusion

The upcoming PwC report and SEBI investigation add pressure to IndusInd Bank, raising concerns over governance and financial stability. Investors await clarity on the impact.

 

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.