REC Share Price Rises as PSU Plans Fourth Interim Dividend in FY25

REC share price extended its gains for the third consecutive session on Tuesday, following the positive momentum in the Indian stock market. The stock opened with an upside gap at ₹416.75 on the NSE and quickly touched an intraday high of ₹418.70 per share.

Board Meeting for Fourth Interim Dividend

Investors are closely watching REC as the company has scheduled a board meeting on March 19, 2025, to discuss and approve the fourth interim dividend for the financial year 2024-25.

In an official exchange filing, REC stated, “A meeting of the Board of Directors of the Company is scheduled on 19/03/2025 to consider and approve the proposal for declaration of the 4th Interim Dividend, if any, for the financial year 2024-25.”

REC’s Dividend History in FY25

If approved, this will be REC’s fourth interim dividend in FY25. The company has already declared three interim dividends:

  • ₹3.50 per share (ex-date: August 9, 2024)
  • ₹4 per share (ex-date: November 8, 2024)
  • ₹4.30 per share (ex-date: February 14, 2025)

Dividend Yield Calculation

Before the fourth interim dividend, REC has paid a total of ₹11.80 per share in FY25. Considering REC’s share price of around ₹460 on April 1, 2024, the dividend yield stands at 2.56%. This yield is expected to rise once the fourth interim dividend is announced.

Conclusion

REC’s upcoming board meeting for the fourth interim dividend has boosted investor interest, continuing the stock’s upward trend. The dividend yield is set to rise further.

 

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.

Adani Group Stocks Rally as Bombay HC Clears Gautam Adani

On Tuesday, March 18, all Adani Group stocks saw gains after the Bombay High Court dismissed charges against Adani Enterprises’ Chairman, Gautam Adani, and MD, Rajesh Adani. The case involved alleged stock market violations amounting to ₹388 crore.

The court ruled that there was no evidence of cheating or criminal conspiracy. It stated that claims of wrongful gains must be accompanied by proof of wrongful loss or deception of a specific victim, which was not established in this case.

This ruling provides relief to the Adani Group, which has faced regulatory scrutiny over the years. The allegations date back to 2012 when the Serious Fraud Investigation Office (SFIO) filed a chargesheet against Adani Enterprises and its promoters. With the court dismissing the case, the charges are now nullified.

Adani Group Stocks Gain After Verdict

Investor sentiment improved after the ruling, leading to a rise in all Adani Group stocks. The positive market response reflected renewed confidence in the conglomerate’s legal standing.

As of March 18, 2025, 09:57 AM, Adani Group Stocks Performance:

Other Adani Group companies also recorded gains:

Conclusion

The Bombay High Court’s decision in favour of Gautam Adani and Rajesh Adani has removed legal uncertainty surrounding the group. This has strengthened investor confidence, driving up Adani Group stocks across sectors.

 

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.

CG Power Share Price in Focus As Its Board to Decide on Interim Dividend Today

CG Power share price opened higher on Tuesday as investors awaited the company’s decision on an interim dividend. The stock rose by 1.33% to ₹619.00 on the BSE. The board of directors is scheduled to meet today, March 18, 2024, to discuss and approve the interim dividend for the FY 2024-25.

Official Announcement on Dividend

In a regulatory filing on March 11, CG Power confirmed that its board would consider an interim dividend in today’s meeting. However, details regarding the record date and payment date are yet to be disclosed.

CG Power’s Dividend History

The company previously declared an interim dividend of ₹1.30 per share on February 5, 2024. In March 2023, shareholders received ₹1.50 per share. CG Power also issued interim dividends of ₹0.40 per share in February 2015 and October 2014.

CG Power and Industrial Solutions Limited

CG Power and Industrial Solutions Limited, formerly known as Crompton Greaves Limited, is an Indian MNC specialising in the design, manufacturing, and sale of products for power generation, transmission, distribution, and rail transportation.

Stock Performance and Market Position

CG Power’s stock has gained over 6% in the last month but has dropped 15% in the past 6 months. Despite this, the stock has delivered impressive returns of 114% in 2 years and a massive 10,778% gain over the last 5 years, making it a multibagger.

At 9:20 AM, CG Power share price were trading 0.64% higher at ₹614.75 on the BSE, with a market capitalisation of over ₹94,078 crore.

Conclusion

Investors are keenly watching CG Power’s dividend decision, which could boost investor sentiment. Despite recent declines, the stock remains a strong multibagger.

 

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 Trade Resilience to Offset US Reciprocal Tariffs: SBI Research

According to SBI Research, the US government’s plan to impose reciprocal tariffs is expected to have only a small impact on India, with exports likely to decline by just 3-3.5%. However, this effect could be offset by India’s efforts to boost exports in manufacturing and services. The country is focusing on increasing value-added exports, expanding trade routes, and strengthening supply chains that connect Europe, the US, and the Middle East.

India’s Position in Aluminium and Steel Trade

India may also benefit from the recent US tariffs on aluminium and steel. Although India has a small trade deficit with the US in these sectors—$13 million in aluminium and $406 million in steel—its role in the US aluminium market remains notable. While India’s share in US aluminium imports has slightly dropped from 3% to 2.8% between 2018 and 2024, it still ranks among the top 10 aluminium suppliers to the US. However, in steel, India accounts for only 1% of total US imports and is not among the top 10 suppliers.

Impact on India’s Free Trade Agreements (FTAs)

US trade policies are influencing India’s approach to free trade agreements (FTAs). India is actively negotiating FTAs with the UK, Canada, and the European Union, focusing on services, digital trade, and sustainable development. The FTA with the UK alone is expected to boost bilateral trade by $15 billion by 2030. Additionally, digital trade is expected to play a major role in India’s economic growth, potentially contributing $1 trillion to GDP by 2025.

Concerns About the US Economy

SBI Research also highlighted potential economic challenges in the US. Historical data suggests that the US economy could face a slowdown, with declining GDP growth, reduced exports, and weaker consumer spending. The study also pointed out a downward trend in total factor productivity (TFP) growth, rising labour costs that could discourage investment, and a sharp decline in national savings—reaching its lowest level since 2011 and the second-lowest since 1951.

Overall, while the US tariffs may have some impact, India’s strong trade strategies and economic policies are expected to minimise the risks and create new opportunities.

Conclusion

While US tariffs pose some challenges, India’s proactive trade strategies, focus on value-added exports, and expanding FTAs are expected to counterbalance the impact and drive long-term growth.

 

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.

JioStar Teams Up with Jio, Airtel and VI for IPL 2025 Streaming

JioStar, the new media company formed by the merger of Disney’s Star India and Reliance’s Viacom18, is in talks with leading telecom providers—Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi). The goal is to bundle its streaming platform, JioHotstar, with mobile and broadband plans. These partnerships come just as excitement builds for the 17th season of the Indian Premier League (IPL) 2025, following the conclusion of the ICC Champions Trophy 2025.

Expanding IPL Viewership with Telecom Partnerships

With live sports now behind a paywall, JioStar is looking to attract more viewers through telecom tie-ups. The company aims to beat its 2024 IPL viewership, which saw 620 million viewers on JioCinema and 541 million on Star Sports. By leveraging the large user bases of Jio, Airtel, and Vi, JioStar hopes to surpass 1 billion viewers across digital and TV platforms.

Jio Recharge Plans with JioHotstar Subscription

Reliance Jio offers several recharge plans that include free JioHotstar subscriptions:

  • ₹195 Cricket Data Pack: Designed for cricket fans, this plan includes 15GB of 4G/5G data and a free 3-month JioHotstar subscription, valid for 90 days.
  • ₹949 Prepaid Plan: This comprehensive plan comes with 84 days of validity, 2GB of 4G data per day, unlimited 5G data, unlimited calls, and 100 SMS per day. It also includes a free 3-month JioHotstar Mobile subscription.

As of March 18, 2025, at 9:40 AM IST, Jio Financial Services share price (NSE: JIOFIN) is trading at ₹221.97, up by ₹2.45 or 1.12% for the day. The stock opened at ₹221.10, reached a high of ₹222.52, and a low of ₹220.71. 

Vi Recharge Plans with JioHotstar Subscription

Vodafone Idea (Vi) has also introduced plans that offer free JioHotstar subscriptions:

  • ₹151 Data Pack: A budget-friendly add-on plan with 4GB of data, valid for 30 days, along with a free 3-month JioHotstar subscription.
  • ₹169 Data Pack: This plan offers 8GB of data for 30 days and includes a free three-month JioHotstar subscription.
  • ₹469 Prepaid Plan: Includes 2.5GB of data per day, unlimited data from 12 AM to 12 PM, unlimited calls, and 100 SMS per day. It also provides benefits like Weekend Data Rollover and Binge All Night.

As of March 18, 2025, at 9:42 AM IST, Vodafone Idea share price (NSE: IDEA) is trading at ₹7.05, up by ₹0.11 or 1.59% for the day. The stock opened at ₹6.96, reached a high of ₹7.06, and a low of ₹6.96.

IPL 2025’s Revenue Potential

JioHotstar’s deal with Airtel recently expired, making its renewal crucial as the platform prepares for IPL 2025. The ICC Champions Trophy 2025, which was JioHotstar’s first major tournament behind a paywall, attracted over 5.4 billion views. The India vs. New Zealand final alone saw 1.24 billion views, with a peak of 61.2 million concurrent viewers.

For IPL 2025, JioStar aims to generate ₹4,500 crore in ad revenue and has already secured 20 sponsors. The shift to a paid streaming model is also expected to boost India’s subscription video-on-demand (SVOD) market, which grew from 110 million subscriptions in 2023 to 125 million in 2024. With IPL 2025, this number is expected to rise even further.

Conclusion

JioStar’s telecom partnerships mark a major shift in India’s sports streaming landscape. With IPL 2025 set to be a record-breaking event, these collaborations will drive digital viewership, ad revenues, and the growing SVOD market.

 

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.

 

Closing Bell: Stock Market Closes Higher: Sensex Gains 341 Points, Nifty Reclaims 22,500 on March 17, 2025

On March 17, 2025, Indian stock markets ended on a strong note, driven by financial, healthcare, and metal stocks. Despite starting on a cautious note, both the Sensex and Nifty recovered to close with gains.

Sensex opened weak, touching a low of 73,796 but later rebounded to a high of 74,376. It finally closed 341 points higher at 74,170. Whereas Nifty 50 started with a 44-point gap down at 22,353, climbed to a high of 22,577, and settled at 22,509, up 112 points (0.5%).

Top Gainers and Losers

Bajaj Finserv surged 3.8% to ₹1,875. Mahindra & Mahindra, Axis Bank, and Bajaj Finance rose around 2% each. Other gainers included Adani Ports, Zomato, ICICI Bank, Sun Pharma, UltraTech Cement, Tata Motors, and Tata Steel.

ITC declined 1%, while Nestle India, SBI, and Reliance Industries also ended lower.

Broader Market and Sectoral Performance

  • MidCap Index: Gained 0.8%.
  • SmallCap Index: Closed flat.
  • Market Breadth: Declining stocks (2,500+) outnumbered advancing stocks (1,617) on the BSE.
  • Sectoral Gains: Financial Services, Healthcare, Auto, and Metal indices rose around 1% each.

Despite a weak start, the markets saw strong buying interest, helping key indices close higher.

Oil Prices

As of March 17, 2025, at 03:50 PM, Brent Crude was trading at $71.23, up by 0.92%.

 

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.

 

BLS International Share Price Rise Over 3% on SBI Mutual Fund Meeting News

BLS International share price climbed over 3% on Monday after the company announced a scheduled meeting with SBI Mutual Fund. The stock surged by 3.65% to reach ₹337.25 on the BSE.

As per a regulatory filing on March 15, BLS International’s management will meet with SBI Mutual Fund on March 19, 2025, through a virtual session.

“The discussion will focus on the company’s financial and operational performance, as outlined in the investor presentation and updates available on the company’s website,” BLS International stated.

Strong Q3FY25 Performance

In the third quarter of FY25, BLS International reported a net profit of ₹127.9 crore, reflecting a 46.7% increase from ₹87.2 crore in the same period last year. Following recent acquisitions, the company’s net cash balance stood at ₹690 crore as of December 31, 2024.

Revenue from operations rose 17.1% YoY to ₹512.8 crore from ₹437.9 crore. At the operational level, EBITDA surged by 78.5% YoY to ₹158.1 crore, while EBITDA margin improved from 20.2% in Q3FY24 to 30.8% in Q3FY25, aided by a shift from a partner-run to a self-managed model and the integration of new acquisitions.

During the quarter, BLS International acquired a 57% controlling stake in Aadifidelis Solutions Pvt. Ltd and its affiliates.

“With investments exceeding ₹1,000 crore in FY25 for new acquisitions—mostly funded through internal cash flows—we maintain a strong balance sheet with ₹690 crore in net cash as of December 31, 2024,” said Shikhar Aggarwal, Joint Managing Director of BLS International.

Stock Performance Trend

BLS International’s stock has dropped 9% in the past month and over 30% year-to-date. It has fallen 18% in 6 months and 5% over the past year.

Despite recent declines, the stock has delivered impressive long-term returns, surging 114% in 2 years and an astonishing 4,200% over 5 years.

At 1:15 PM, BLS International shares were trading 3.17% higher at ₹335.65 on the BSE.

Conclusion

Despite recent declines, BLS International maintains strong financials and growth potential.

 

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.

SBI Shelves ₹15,000 Crore Fundraising Plan Due to High Bond Yields

SBI has decided to delay its ₹15,000 crore ($1.7 billion) bond sale due to high bond yields. Despite a rate cut and improved liquidity from the Reserve Bank of India (RBI), yields have remained elevated, making fundraising less attractive. The bank now plans to tap the market in the next financial year, starting in April.

Why SBI Delayed Fundraising

SBI had been waiting for a favourable market window, but bond yields have stayed high for several weeks. Given the current conditions, the bank has chosen to hold off on issuing bonds in the near term, sources said. SBI has reviewed its asset-liability position and, despite having board approval, decided to postpone the bond sale.

Rising Bond Yields Impacting Plans

Yields on India’s 10-year ‘AAA’-rated corporate bonds have increased by 15 basis points since early February. This rise has occurred despite the RBI reducing the policy repo rate by 25 basis points and infusing liquidity into the banking system.

Details of the Planned Bond Issuance

SBI had initially planned to raise funds through:

  • ₹5,000 crore via Basel III-compliant Additional Tier-I perpetual bonds
  • ₹10,000 crore through 15-year infrastructure bonds

In October, SBI had raised ₹5,000 crore at an interest rate of 7.98% via perpetual bonds.

Fundraising by Other Banks

Other public sector banks, including Bank of India, Punjab National Bank, and Bank of Maharashtra, raised a combined ₹7,252 crore through infrastructure bonds in February. However, this was only about half of their original fundraising target.

About SBI

SBI is the largest public sector bank in india and a multinational financial services institution headquartered in Mumbai. It holds a 23% market share in assets and controls 25% of the country’s total loan and deposit market.

As of March 17, at 12:48 PM IST, SBI share price  (NSE: SBIN) is trading at ₹723.65, down by ₹4.20 (0.58%) for the day. The stock opened at ₹728.90 and reached an intraday high of ₹731.25, while the low was ₹722.30. 

Conclusion

SBI’s decision to delay fundraising highlights the impact of high bond yields on borrowing plans. The bank will reassess its funding needs in the next financial year, keeping market conditions in mind.

 

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.

Strides Pharma Share Price Gains 3% as Singapore Arm Acquires Amexel Pte

Strides Pharma share price rose 2.8% on the BSE, reaching an intraday high of ₹603 on Tuesday. The stock gained momentum after the company’s Singapore-based subsidiary, Strides Pharma Global, announced plans to acquire a 100% stake in Amexel Pte. Ltd.

At 10:30 AM, Strides Pharma was trading 2.23% higher at ₹599.10, while the BSE Sensex was up 0.43% at 74,145.46. The company’s market capitalisation stood at ₹5,521.47 crore. The stock’s 52-week high is ₹804.12, and the 52-week low is ₹329.76.

Acquisition Details

Strides Pharma Global, a Singapore-based subsidiary, plans to acquire Amexel Pte. Ltd. to establish a business platform aimed at fostering partnerships between pharmaceutical manufacturers and suppliers from India, China, and other Southeast Asian countries.

Amexel was incorporated in Singapore on March 22, 2023, and has not yet started operations.

About Strides Pharma

Strides Pharma is an Indian pharmaceutical company specialising in the development, manufacturing, and distribution of generic medicines, including injectables, oral solids, and speciality products. The company has a strong presence in over 100 countries, including the US, Europe, and Australia.

Its product portfolio includes drugs for oncology, anti-retrovirals, antibiotics, and other therapeutic areas, with a focus on high-value injectables. Strides Pharma operates advanced manufacturing facilities, many of which are FDA-approved.

Growth and Market Performance

The company has expanded through strategic acquisitions, such as Agila Specialties, to strengthen its injectable drug segment. It also invests heavily in R&D to develop complex generics and speciality medicines.

Over the past year, Strides Pharma’s stock has surged 53%, significantly outperforming the Sensex, which has risen just 1.4%.

Conclusion

The acquisition of Amexel Pte. Ltd. aligns with Strides Pharma’s strategy to expand its global business network. The company’s focus on speciality drugs and international markets continues to drive its growth in the competitive pharmaceutical 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.

Tejas Networks Share Price Rise 4% on ₹123 Crore PLI Incentive

Tejas Networks share price jumped 4% on Monday after the company received a ₹123.45 crore incentive under the Production Linked Incentive (PLI) scheme for FY24. The stock hit an intraday high of ₹686.80, marking its biggest rise since February 20. However, by 9:37 AM, it trimmed gains to trade at ₹884.30, down 3.7%, while the Nifty 50 was up 0.65%.

Stock Performance Over Time

The stock has dropped nearly 55% from its all-time high in June last year and has declined 42% in 2025 so far. This follows 5 years of strong gains, where it surged over 1,110% since 2020.

PLI Incentive Details

On March 12, 2025, Tejas Networks received ₹123.45 crore from the Ministry of Communications under the PLI scheme for telecom and networking products. The company disclosed this in an exchange filing on Thursday.

About Tejas Networks

Tejas Networks, a Tata Group company, designs and manufactures telecom and networking products for high-speed communication networks. Its majority shareholder is Panatone Finvest, a subsidiary of Tata Sons Pvt. Ltd.

Financial Performance

  • Q3FY25 Profit: ₹166 crore, down 40% from ₹275 crore in Q2FY25. However, it improved from a ₹45 crore loss in the same quarter last year.
  • Revenue Growth: Sales and services revenue grew 4.5 times year-on-year to ₹2,497 crore from ₹560 crore but declined from ₹2,655 crore in the previous quarter.
  • Order Book: The company had an order book of ₹2,681 crore at the end of Q3FY25, compared to ₹4,845 crore in Q2FY25.

Conclusion

Despite receiving a PLI incentive and strong long-term gains, Tejas Networks’ stock has seen a sharp decline in 2025. Investors are watching its future performance closely.

 

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.