Lenskart Gears Up for $1 Billion IPO, Eyes $7 Billion Valuation

Eyewear startup Lenskart is gearing up for an Initial Public Offering (IPO) and has approached bankers to pitch for it. Lenskart aims to raise up to $1 billion and is targeting a valuation of about $7 billion. The IPO is expected to take place by early next year.

Strong Financial Growth

Lenskart has seen significant growth, with its revenue rising by 43% in FY24, reaching approximately ₹5,427.7 crore, up from ₹3,788 crore in FY23. The company primarily earns revenue by selling eyewear frames, lenses, and goggles, along with offering services like eye checkups. Through effective cost management, Lenskart reduced its losses by 84% to ₹10 crore in FY24, down from ₹63 crore in FY23.

Recent Investments and Valuation

Last year, Lenskart’s valuation increased to $5.6 billion after a fund managed by Fidelity raised the company’s fair value by 12%. In June, Lenskart raised $200 million in secondary investment from Temasek and Fidelity. This raised the company’s value to around $5 billion, up from $4.5 billion during a $100 million funding round in June 2023.

Expansion Plans and Competitors

Lenskart continues to grow its presence in India and abroad, particularly in Asia. The company operates using a “click-and-mortar” business model, providing a seamless customer experience through its online platforms, mobile apps, and over 2,500 stores, 2,000 of which are in India. It competes with other eyewear brands such as Titan Eyeplus, Vision Express, and Warby Parker.

Acquisitions and Technology Investments

Lenskart has made several acquisitions to expand its capabilities. This includes the purchase of Tango Eye, an AI-based computer vision startup, and Owndays, a Japanese eyewear brand, in a deal worth around $400 million.

Future Plans and Mega Factory

Lenskart is planning a major investment in the future with the construction of its largest eyewear manufacturing plant in Telangana. The company has committed ₹1,500 crore to this project and has signed a Memorandum of Understanding (MoU) with the Telangana government. The facility will be situated at Fab City, located within 60 km of Bengaluru’s Kempegowda International Airport.

 

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.

Top Gainers and Losers on January 9, 2025: Sensex Drops 528 Points; Bajaj Auto Tops Gainers, ONGC Leads Losers

On January 9, 2025, the stock market closed in the red, with both the Sensex and Nifty50 ending lower. 

The BSE Sensex dropped 528.28 points (0.68%) to close at 77,620.21, moving between 78,206.21 and 77,542.92 during the day. Similarly, the NSE Nifty50 fell 162.45 points (0.69%) to finish at 23,526.50, with a day’s high of 23,689.50 and a low of 23,503.05.

Top Gainers of the Day

Symbol Open High Low LTP %chng
BAJAJ-AUTO 8,719.95 8,898.00 8,692.10 8,825.00 2.11
NESTLEIND 2,215.45 2,271.80 2,204.05 2,259.00 1.76
HINDUNILVR 2,405.05 2,473.65 2,386.40 2,440.00 1.62
M&M 3,103.80 3,157.90 3,085.35 3,131.80 1.48
BRITANNIA 4,860.55 5,050.00 4,840.05 4,922.00 1.28

  • Bajaj Auto

Bajaj Auto Share Price opened at ₹8,719.95, hit a high of ₹8,898.00 and a low of ₹8,692.10. Currently trading at ₹8,825.00 with a gain of 2.11%.

  • Nestle India

Nestle India Share Price started at ₹2,215.45, reached a high of ₹2,271.80 and a low of ₹2,204.05. Trading at ₹2,259.00, up by 1.76%.

  • Hindustan Unilever

Hindustan Unilever Share Price opened at ₹2,405.05, peaked at ₹2,473.65, and saw a low of ₹2,386.40. Currently at ₹2,440.00, gaining 1.62%.

  • Mahindra & Mahindra (M&M)

Mahindra & Mahindra Share Price began at ₹3,103.80, touched a high of ₹3,157.90 and a low of ₹3,085.35. Trading at ₹3,131.80 with an increase of 1.48%.

  • Britannia Industries

Britannia Industries Share Price started at ₹4,860.55, recorded a high of ₹5,050.00 and a low of ₹4,840.05. Currently at ₹4,922.00, up by 1.28%.

Top Losers of the Day

Symbol Open High Low LTP %chng
ONGC 272.03 272.59 261.71 264.3 -2.59
SHRIRAMFIN 2,903.75 2,924.15 2,801.00 2,828.95 -2.41
BPCL 287.00 287.85 279.05 281.05 -2
COALINDIA 381.55 381.55 370.80 372.95 -1.95
TATASTEEL 132.00 132.40 129.70 130.12 -1.9
  • ONGC 

Oil & Natural Gas Share Price opened at ₹272.03, reached a high of ₹272.59 and a low of ₹261.71. Currently trading at ₹264.30, down by 2.59%.

  • Shriram Finance 

Shriram Finance Share Price started at ₹2,903.75, peaked at ₹2,924.15, and fell to a low of ₹2,801.00. Trading at ₹2,828.95, declining by 2.41%.

  • BPCL

Bharat Petroleum Corporation Share Price opened at ₹287.00, touched a high of ₹287.85 and a low of ₹279.05. Currently trading at ₹281.05, down by 2.00%.

  • Coal India

Coal India Share Price started at ₹381.55, maintained a high of ₹381.55 and hit a low of ₹370.80. Trading at ₹372.95, falling by 1.95%.

  • Tata Steel

Tata Steel Share Price opened at ₹132.00 and reached a high of ₹132.40 and a low of ₹129.70. Currently at ₹130.12, down by 1.90%.

 

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

National Tourism Day 2025: Celebrating India’s Growing Tourism Sector

National Tourism Day is celebrated every year on January 25 in India. The purpose of this day is to raise awareness about the economic benefits of tourism in the country. It highlights India’s natural beauty, cultural diversity, and rich heritage. This day encourages tourists to explore various parts of the country, boosting the economy.

What is National Tourism Day?

National Tourism Day is a day dedicated to promoting tourism and honoring the efforts of those working in the tourism sector. It helps promote India’s tourism industry, showcasing the many scenic destinations, historical monuments, beaches, rivers, mountains, and valleys that attract visitors from all over the world.

History of National Tourism Day

National Tourism Day has been celebrated annually since 1948 when the Indian government first introduced it. The goal was to highlight popular tourist destinations across India and protect the country’s cultural heritage. This day also encourages tourism development plans by the Ministry of Tourism and involves collaborations with state, federal, and private sector organisations.

Why is National Tourism Day Important?

National Tourism Day plays an important role in educating the public about how tourism contributes to economic growth and job creation. It focuses on the positive social, cultural, and economic impact of tourism both nationally and globally. The day also stresses the importance of sustainable tourism practices that benefit local communities.

Promoting Sustainable Tourism

On National Tourism Day, various projects, seminars, and promotional activities are held to showcase the unique attractions and experiences of different regions in India. The aim is to promote responsible tourism and make sure that tourism benefits local communities and the environment in the long run.

Growth and Future Projections of India’s Travel and Tourism Sector

According to the World Travel and Tourism Council (WTTC), India ranked 10th among 185 countries regarding travel and tourism’s contribution to GDP in 2019. In 2022, the sector contributed US$ 199.6 billion to India’s economy. This sector is expected to grow 7.1% per year, with a 5.9% growth in 2023.

The travel and tourism sector’s contribution to GDP was US$178 billion in 2021, and it is projected to reach US$512 billion by 2028. By 2029, the industry could provide around 53 million jobs. From 2019 to 2030, the sector’s direct contribution to India’s GDP is expected to grow by 7-9% annually.

India’s travel market is expected to grow from US$75 billion in FY20 to US$125 billion by FY27. The airline sector is projected to double, reaching US$20 billion by FY27 due to better airport infrastructure and more passport access. The hotel market, estimated at US$32 billion in FY20, is expected to grow to US$52 billion by FY27, driven by increased demand from travellers.

International tourist arrivals in India are expected to reach 30.5 billion by 2028, generating US$ 59 billion in revenue. Domestic tourism is expected to drive growth post-pandemic. By 2022, international hotel chains were projected to make up 50% of India’s tourism and hospitality sector.

Government Initiatives to Boost India’s Tourism Sector

The Indian government has taken several steps to strengthen the tourism industry and make India a global tourism hub. These initiatives focus on infrastructure development, skill training, and promoting tourism across various regions.

  • Increased Budget Allocation

In the 2024 interim budget, the government allocated ₹2,449.62 crore (US$ 294.8 million) for tourism, marking a significant increase from the previous year.

  • Swadesh Darshan Scheme

This initiative focuses on developing theme-based tourist circuits, and the updated version, Swadesh Darshan 2.0, targets sustainable tourism, with 57 destinations selected for development.

  • Tourism Infrastructure Projects

Over ₹1400 crore (US$ 168.5 million) has been allocated for 52 tourism projects under Swadesh Darshan and PRASHAD Schemes. Additionally, 76 tourism infrastructure projects worth ₹5,399.15 crore (US$ 678.39 million) were sanctioned in August 2022.

  • Skill Development

The government’s Destination-Based Skill Development Programme trains local people near tourist destinations. Around 12,187 candidates have been trained at 145 destinations.

  • SAATHI Initiative

The Ministry of Tourism partnered with the Quality Council of India (QCI) to help hotels and the hospitality industry follow COVID-19 safety protocols, ensuring safe operations.

  • Loan Support for Tourism Operators

Under the Loan Guarantee Scheme for COVID-affected tourism services, operators such as tour guides and transport operators can receive loans up to US$ 12,110.

  • Visa Reforms

The government has expanded the Golden Visa scheme and is offering free visas to 5 lakh tourists to ease international travel.

  • Promotion of Domestic Tourism

Initiatives like “Dekho Apna Desh” and webinars on India’s diverse heritage are encouraging domestic tourism.

  • Development of Lighthouses and Tourist Trains

71 lighthouses across India are being developed as tourist spots, and Bharat Darshan tourist trains are providing access to pilgrimage sites.

  • Digitalisation of Tourism

NIDHI 2.0, launched in 2021, aims to digitalise the hospitality industry and maintain a database of accommodations and travel services.

These initiatives are part of the government’s broader vision to boost tourism, support local economies, and preserve India’s rich cultural heritage.

 

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.

Hyundai Motor to Invest $16.7 Billion in South Korea for 2025 Growth

Hyundai Motor Group has announced plans to invest a record 24.3 trillion won ($16.7 billion) in South Korea in 2025, marking a 19% increase from the previous year. This investment is aimed at fostering future growth amid economic and political uncertainties.

Focus on Future Technologies

The investment includes 11.5 trillion won allocated for research and development. Hyundai plans to focus on next-generation products such as electric vehicles (EVs), hydrogen-fueled vehicles, software-defined cars, and other advanced technologies.

Expanding Production for Electric Vehicles

Another 12 trillion won will go toward regular investments, including updates to production lines for EVs and new models. Additionally, about 800 billion won will be spent on strategic initiatives like autonomous driving technologies.

Overcoming Challenges with Strategic Investment

Hyundai Motor Group described the record-breaking investment as critical to navigating external challenges and ensuring long-term growth. Executive Chair Euisun Chung pointed to global conflicts and economic risks, including a potential recession, as key uncertainties.

Hyundai and Kia Stocks See a Boost

Following the announcement, Hyundai Motor share price and Kia Corp share price rose by 2.3% and 3.8%, respectively, outperforming the broader market’s 0.1% increase.

Global Sales Goals and Consumer Sentiment

Hyundai and Kia aim to increase their combined global sales by 2% to 7.39 million vehicles in 2025 despite missing their 2024 sales targets. Meanwhile, consumer sentiment in South Korea declined sharply in December due to political unrest, including President Yoon Suk Yeol’s declaration of martial law and impeachment.

U.S. Market Adjustments

Hyundai recently began production at a new factory in Georgia, USA, to make its vehicles eligible for federal tax credits under the Biden administration. This move comes as political uncertainty looms, with President-elect Donald Trump threatening to impose tariffs and scrap existing tax incentives.

 

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

Mid-Day Market Movers: Top Gainers and Losers on January 9, 2025

Today, January 9, 2025, the stock markets faced a downturn on Thursday due to widespread selling. Weakness in global markets further contributed to the pressure.

By midday, the BSE Sensex was at 77,700, down 447 points or 0.57%. Similarly, the Nifty fell by 131 points or 0.56%, trading at 23,557.

Here are the mid-day top gainers and losers:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
HINDUNILVR 2,405.05 2,473.65 2,386.40 2,450.75 2.07
BRITANNIA 4,860.55 5,050.00 4,840.05 4,950.00 1.85
NESTLEIND 2,215.45 2,271.80 2,204.05 2,252.25 1.46
KOTAKBANK 1,774.00 1,808.70 1,774.00 1,791.75 1.31
BAJAJ-AUTO 8,719.95 8,898.00 8,692.10 8,750.25 1.25

  • Hindustan Unilever

Hindustan Unilever Share Price opened at ₹2,405.05, reached a high of ₹2,473.65 and a low of ₹2,386.40, currently trading at ₹2,450.75 with a 2.07% gain.

  • Britannia Industries

Britannia Industries Share Price started at ₹4,860.55, peaked at ₹5,050.00, hit a low of ₹4,840.05, and is trading at ₹4,950.00, up by 1.85%.

  • Nestle India

Nestle India Share Price opened at ₹2,215.45, recorded a high of ₹2,271.80 and a low of ₹2,204.05, currently at ₹2,252.25 with a 1.46% increase.

  • Kotak Mahindra Bank

Kotak Mahindra Bank Share Price opened at ₹1,774.00, touched a high of ₹1,808.70, maintained a low of ₹1,774.00, and is now trading at ₹1,791.75, up by 1.31%.

  • Bajaj Auto

Bajaj Auto Share Price began at ₹8,719.95, reached a high of ₹8,898.00, a low of ₹8,692.10, and is trading at ₹8,750.25, gaining 1.25%.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
ONGC 272.03 272.59 264.10 264.77 -2.42
COALINDIA 381.55 381.55 372.55 372.95 -1.95
SHRIRAMFIN 2,903.75 2,924.15 2,837.10 2,845.35 -1.84
LT 3,599.90 3,606.30 3,486.00 3,532.50 -1.78
TATASTEEL 132.00 132.40 130.16 130.52 -1.6

  • ONGC 

Oil & Natural Gas Share Price opened at ₹272.03, hit a high of ₹272.59 and a low of ₹264.10, currently trading at ₹264.77, down by 2.42%.

  • Coal India

Coal India Share Price started at ₹381.55, maintained a high of ₹381.55 and a low of ₹372.55, currently at ₹372.95, decreasing by 1.95%.

  • Shriram Finance 

Shriram Finance Share Price opened at ₹2,903.75, peaked at ₹2,924.15, hit a low of ₹2,837.10, now trading at ₹2,845.35, down by 1.84%.

  • Larsen & Toubro

Larsen & Toubro Share Price began at ₹3,599.90, reached a high of ₹3,606.30, a low of ₹3,486.00, and is trading at ₹3,532.50, falling by 1.78%.

  • Tata Steel

Tata Steel Share Price opened at ₹132.00, recorded a high of ₹132.40 and a low of ₹130.16, currently trading at ₹130.52, down by 1.6%.

 

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

Reliance Jio, Subsidiary of Reliance Industries, Accelerates AirFiber Expansion to Boost 5G Monetisation

Reliance Jio is rapidly growing its 5G-based fixed wireless access (FWA) service, Jio AirFiber, with plans to significantly increase customer additions over the next year. According to news reports, this move aims to maximise 5G revenue generation as the company gears up for a potential IPO by the end of 2025.

Ambitious Targets for AirFiber Growth

Jio plans to onboard 1 million AirFiber customers within 30 days, leveraging higher data consumption and subscriber growth. To meet its aggressive goals, Jio has expanded its distribution network and simplified the AirFiber onboarding process, enabling the connection of over 1 million homes monthly. By September 2024, Jio had over 2.8 million AirFiber users and is estimated to have added 1.9 million more broadband customers in the December quarter.

Higher Revenue Potential from AirFiber

AirFiber generates significantly higher revenue than Jio’s mobile services. Its average revenue per user (ARPU) is ₹650-700 per month, over 3 times the ₹195 mobile ARPU reported in Q2FY25. This makes AirFiber a key driver for Jio’s 5G monetisation, which has faced delays despite a $25 billion investment in 5G infrastructure.

In July 2024, Jio raised its minimum plan threshold for 5G mobile broadband, encouraging users to shift to higher-value plans. Analysts believe expanding AirFiber’s high-ARPU customer base will accelerate monetisation efforts, with the full impact of mobile tariff hikes expected by Q4FY25 and Q1FY26.

Positive Outlook for ARPU Growth

Faster 5G monetisation is likely to boost Jio’s ARPU, improving its financial position and investor appeal ahead of the IPO. 

Potentially India’s Largest IPO

Sanford C Bernstein has valued Jio Platforms Ltd (JPL), encompassing Reliance’s telecom and digital businesses, at $98 billion. Based on this valuation, Jio’s IPO could raise around ₹42,100 crore, making it India’s largest ever.

Under current regulations, companies valued at ₹1 trillion or more must sell at least 5% of their stake during an IPO. Reliance Industries, led by Mukesh Ambani, owns a 66.5% stake in JPL, with the remaining 33.5% held by strategic investors like Meta, Google, and private equity firms.

The largest IPO in India so far was Hyundai India’s ₹27,856 crore offering in 2023. Bernstein predicts Jio will achieve a 17% compound annual revenue growth rate over the next 3 years, driven by a 14% ARPU increase in FY26 and a market share rise to 48% of industry revenue.

Jio’s expansion of AirFiber and its focus on higher ARPU customers position it well for a strong IPO, potentially reshaping India’s telecom and digital sectors.

About Reliance Industries Limited

Reliance Industries Limited is a large Indian company based in Mumbai, Maharashtra. It operates in various sectors, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, media, and textiles.

As of 11:39 AM on January 9, Reliance Industries share price is trading at ₹1,260.15, down by ₹5.35 (0.42%). The stock opened at ₹1,267.00, reached a high of ₹1,269.75, and a low of ₹1,250.00. The market capitalisation is ₹17.05 lakh crore, with a P/E ratio of 25.11 and a dividend yield of 0.40%. Over the past 52 weeks, the stock has reached a high of ₹1,608.80 and a low of ₹1,201.50.

 

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

Budget 2025: AMFI Seeks Indexation Return for Debt Funds

The Association of Mutual Funds in India (AMFI) has put forward a 15-point proposal for the Union Budget 2025-26. Among these, the top priority is restoring tax benefits for debt funds, including indexation benefits, which were removed in Budget 2024. This proposal also includes revising tax rates on capital gains and redefining equity-oriented funds to include overseas equity fund investments.

The Need for Restoring Indexation Benefits

The mutual fund industry is pushing for the return of indexation benefits, which help reduce the impact of inflation on capital gains. Before Budget 2023, indexation played a critical role in making debt funds more attractive to investors.

AMFI stated, “Debt Mutual Funds on a long-term average basis give returns in the range of 6%~8%. Indexation is not a Tax waiver but a Neutralizer of the impact of inflation. The removal of indexation benefits will have a material impact on Debt Mutual Fund investors. It may be noted that the debt mutual fund investors have been getting taxed at a marginal rate since April 01, 2023, which has already hurt them significantly. Now, the removal of the indexation benefit for grandfathered investments before March 31, 2023, will also hurt old investors.”

The Importance of Favourable Taxation Policies

Restoring indexation and reintroducing long-term and short-term taxation would make debt funds more appealing to retail investors and encourage long-term savings.

Other Key Demands from the Industry

The mutual fund industry also seeks permission to launch pension-oriented schemes like Mutual Fund Linked Retirement Plans (MFLRP), with tax benefits similar to the National Pension System (NPS).

“Allowing Mutual Funds to launch MFLRS would bring pension benefits to millions of Indians in the unorganised sector. A long-term product like MFLRS can play a catalytical role in channelling household savings into the securities market and bring greater depth. Such depth brought by the domestic institutions would help balance the volatility in the markets and reduce reliance on the FPIs.” AMFI stated.

The mutual fund industry hopes the government’s favourable tax measures in Budget 2025 will make debt funds more competitive, promote savings, and support long-term economic stability.

For a detailed analysis of Deloitte India’s Union Budget 2025-26 report, click here to explore the key expectations and growth drivers.

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.

 

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

Titan’s IRTH Bags Aims for ₹1,000 Crore Revenue by FY27

Titan Company Ltd, a Tata Group firm, has launched its second exclusive IRTH store in Chennai at Phoenix Market City, Velachery. This marks a significant step in expanding its presence in South India. The IRTH brand focuses on premium bags designed specifically for women, offering a range of stylish and functional products at affordable prices.

Ambitious Revenue and Expansion Goals

Titan aims to achieve ₹1,000 crore in revenue by FY27 from its IRTH and Fastrack bags divisions. To meet this goal, the company plans to open 100 exclusive stores across India by FY27, showcasing its commitment to providing high-quality products and services.

Diverse Product Range

IRTH bags cater to the modern woman, featuring a various range of options such as handbags, totes, shoulder bags, handhelds, slings, cross-body bags, and wallets. These products include style and functionality to meet the needs of fashion-conscious consumers.

Manish Gupta, CEO of Titan’s Fragrance and Accessories division, expressed enthusiasm about strengthening the brand’s footprint in South India. “We are thrilled to launch our second exclusive store in Chennai, a vibrant city with a growing demand for premium fashion accessories,” Gupta said.

Future Outlook

The brand expects significant growth in the coming years, driven by favourable market conditions and strong customer response. “With IRTH’s unique blend of style and functionality, we anticipate exceeding ₹1,000 crore in revenue by FY27 from both IRTH and Fastrack bags,” Gupta added.

Titan opened its first exclusive IRTH store in Mumbai, setting the foundation for its expansion plans across India.

About Titan Company Limited

Titan Company Limited, an Indian company, specialises in creating fashion accessories like jewelry, watches, and eyewear. It is part of the Tata Group and began as a joint venture with TIDCO. The company’s corporate headquarters is located in Electronic City, Bangalore, while its registered office is in Hosur, Tamil Nadu.

Titan Company share price is priced at ₹3,480.25, down by ₹3.80 (0.11%) as of 9:56 am on January 9. The stock opened at ₹3,485.95, reached a high of ₹3,506.45, and a low of ₹3,461.55 during the trading session. With a market capitalisation of ₹3.08 lakh crore, Titan has a P/E ratio of 95.13 and a dividend yield of 0.32%. The stock’s 52-week range includes a high of ₹3,886.95 and a low of ₹3,055.65.

 

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

Vedanta Chairman Anil Agarwal Acquires London’s Riverside Studio

Anil Agarwal, the founder and chairman of Vedanta Group, has become the new owner of London’s iconic Riverside Studio. This 100-year-old cultural landmark, located on the north bank of the River Thames, is now renamed the Anil Agarwal Riverside Studios Trust, according to a press release issued on Wednesday.

A Global Hub for Arts and Culture

Riverside Studio is a celebrated global centre for arts, with a rich history of hosting performances by legendary artists like The Beatles, David Bowie, Dario Fo, and David Hockney. Anil Agarwal envisions transforming it into a premier destination for showcasing Indian and international art and culture.

“I believe art has the power to unite people and uplift the human experience,” said Agarwal. He extended an invitation to Indian artists and filmmakers to use the venue to present their talents and cinematic brilliance. The space will also host global leaders from various fields to share their inspiring journeys and life stories.

Fostering Creativity and Cultural Exchange

This acquisition reflects Agarwal’s dedication to promoting creativity and fostering cultural connections. Through his #ArtInEveryHeart initiative, he aims to make art accessible to everyone while celebrating the cultural ties between India and the world.

The Riverside Studios will feature immersive performances, exhibitions, and cinematic showcases. It will continue hosting world-class productions while celebrating heritage and diversity. Agarwal expressed his goal of creating a space that nurtures creativity and inspires social change.

About Vedanta Ltd

Vedanta is a diversified natural resources company involved in exploring, mining, and processing minerals and oil & gas. The company produces and sells zinc, lead, silver, copper, aluminium, iron ore, and oil & gas. It operates in multiple countries, including India, South Africa, Namibia, Ireland, Liberia, and the UAE. Vedanta is also engaged in other businesses, such as power generation, steel production, and port operations in India. Additionally, it manufactures glass substrates in South Korea and Taiwan.

Vedanta share price is trading at ₹442.70, down by ₹3.70 (0.83%) as of 9:49 am on January 9. The stock opened at ₹447.00, reaching a high of ₹448.05 and a low of ₹440.50 during the session. Vedanta’s market capitalisation is ₹1.73 lakh crore, with a P/E ratio of 14.84 and an impressive dividend yield of 10.65%. Over the past year, the stock has recorded a 52-week high of ₹526.95 and a 52-week low of ₹249.50.

 

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

 

Sobha Share Price in Focus: Q3 FY25 Sales Drop 29% YoY, Bengaluru Dominates

Real estate developer Sobha reported a 29% year-on-year (YoY) drop in sales for Q3 FY25, totalling ₹1,388.6 crore. Despite the YoY decline, sales improved by 17.8% compared to the previous quarter (QoQ).

Bengaluru Leads the Sales

Bengaluru contributed a significant 72.1% of the company’s total sales during the quarter. Sobha Ayana, one of the company’s key projects, accounted for over 50% of Bengaluru’s sales value in Q3 FY25.

New Sales and Average Realisation

Sobha sold 1.01 million square feet (msf) of space in Q3 FY25, achieving an average price realisation of ₹13,663 per square foot (sq ft).

9M FY25 Performance

For the first nine months of FY25 (9M FY25), Sobha reported total sales of ₹4,440.8 crore, reflecting a 13.61% decline YoY. During this period, the company launched 6 projects across four cities, covering 4.66 msf.

The average price realisation for 9M FY25 rose by 31.3% YoY to ₹14,226 per sq ft, driven by price increases in ongoing projects and higher realisation from newly launched projects.

Project Portfolio

Sobha’s portfolio spans cities like Bengaluru, Gurgaon, GIFT City, Hyderabad, Pune, Kochi, Thrissur, Calicut, Trivandrum, Chennai, and Coimbatore.


The company highlighted that growth in commercial space demand, a key indicator of job creation, continues to drive urbanisation. This supports sustained residential demand in major cities. However, Sobha noted that supply is also expected to rise in the medium term.

About Sobha Limited

Sobha Limited, established in 1995, is a real estate company that develops townships, housing projects, commercial spaces, and related activities. The company also manufactures products for interiors, glazing, metalwork, and concrete.

Sobha share price is trading at ₹1,393.85, down by ₹42.20 (2.94%) as of 9:41 am on January 9. The stock opened at ₹1,426.00 and reached a high of ₹1,431.45 and a low of ₹1,390.10 during the session. Sobha’s market capitalisation stands at ₹14,080 crore, with a P/E ratio of 253.75 and a dividend yield of 0.22%. Over the past year, the stock has touched a 52-week high of ₹2,161.21 and a 52-week low of ₹1,175.09.

 

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