Adani Group Stocks Rally: Adani Power, Adani Ports and More Gain Up to 6% on March 10

Adani Group stocks surged on Monday, March 10, 2025, with some rising as much as 6% in intraday trading on the BSE.

Stock Performance

Fitch Ratings Update

On Friday, Fitch Ratings reaffirmed Adani Energy Solutions Ltd (AESL) with a ‘BBB-’ rating for both foreign and local currency long-term issuer default ratings. The ratings, previously on negative watch, now carry a Negative Outlook.

Fitch also confirmed the ‘BBB-’ rating for AESL-backed bonds:

  • 4.0% $500 million secured notes (due 2026)
  • 4.25% $500 million secured notes (due 2036)

The rating affirmation signals Adani Group’s continued access to funding, despite concerns raised after US authorities indicted several Adani Green Energy (AGEL) board members in November 2024. However, Fitch remains cautious about potential corporate governance issues arising from US investigations.

Dharavi Redevelopment Case in Supreme Court

Last Friday, the Supreme Court (SC) sought responses from the Maharashtra government and Adani Properties regarding a legal challenge to the Dharavi slum redevelopment project.

UAE-based SecLink Technologies filed a plea against the Maharashtra government’s 2019 decision to cancel its bid and award the project to Adani in 2022. SecLink claimed it was willing to improve its ₹72,000 crore bid by 20%.

The SC did not halt construction, as Adani stated that over 2,000 workers were already engaged at the site and significant funds had been invested. The Court instructed SecLink to submit an affidavit reflecting its revised offer and set the next hearing for May 25.

Stock Movements at Midday

At 12:51 PM, Adani Group stocks showed mixed trends:

Conclusion

Adani Group stocks saw strong gains, backed by Fitch’s rating update and ongoing infrastructure projects. However, regulatory scrutiny remains a key concern.

 

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.

Reliance Infra Share Price Dips After 3-Day Rally Amid Merger Announcement

Reliance Infrastructure share price declined nearly 2% on March 10, ending their 3-day winning streak. The stock, part of the Anil Ambani Group, dropped to a low of ₹235 on the BSE, after opening at ₹240.70 and touching a high of ₹243.75.

Amalgamation with Subsidiary

On March 8, Reliance Infrastructure’s board approved the merger of its wholly-owned subsidiary, Reliance Velocity Limited (RVL), with itself. This move is aimed at simplifying the company’s structure, improving operational efficiency, and reducing costs. The National Company Law Tribunal (NCLT) still needs to approve the merger.

RVL provides support services for transport systems and infrastructure projects. The merger will not affect Reliance Infra’s shareholding pattern.

Recent Rally and Settlement with J&K Bank

Before today’s dip, the stock had gained over 15% in 3 sessions. The rally was fueled by Reliance Infra’s announcement on March 4 that it had settled its ₹90.50 crore debt with Jammu and Kashmir Bank through a one-time settlement. The company confirmed that it had cleared all obligations related to the debt.

Stock Performance

Despite today’s decline, Reliance Infra’s stock has gained 7% over the past year and 12% in the last 6 months.

Conclusion

Despite today’s decline, Reliance Infra remains on an upward trend, gaining 7% over the past year. The merger aims to boost efficiency, with NCLT approval awaited.

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.

 

Tata Capital Plans ₹17,000 Crore IPO After NCLT Approval on Tata Motors Finance Merger

Tata Capital is set to file for a ₹17,000 crore ($2 billion) IPO with SEBI but will wait for the final approval from the National Company Law Tribunal (NCLT) on its merger with Tata Motors Finance. The approval is expected by the end of FY25, as per reports.

Projected Valuation and IPO Structure

With an estimated valuation of $11 billion, Tata Capital’s IPO will include a fresh issue of 2.3 crore equity shares and an offer for sale (OFS) by select shareholders. Additionally, the company plans a rights issue to strengthen its financial position ahead of the listing.

Regulatory Compliance and Competitive Landscape

As an upper-layer NBFC, Tata Capital must list on the stock exchange by 2025, per RBI regulations. Another upper-layer NBFC, HDB Financial Services (owned by HDFC Bank), has also filed for an IPO to raise ₹12,500 crore.

Advisors and Next Steps

Law firm Cyril Amarchand Mangaldas and Kotak Mahindra Capital are managing Tata Capital’s IPO. The draft red herring prospectus (DRHP) will be filed only after the NCLT merger approval.

Merger and Shareholding Structure

The merger, approved by Tata Capital, Tata Motors Finance, and Tata Motors, will result in Tata Capital issuing shares to Tata Motors Finance shareholders. Post-merger, Tata Motors will hold a 4.7% stake in Tata Capital, while Tata Sons remains the majority stakeholder with a 92.83% stake.

Conclusion

Tata Capital’s IPO is poised to be one of the largest in India’s financial sector, following Tata Technologies’ successful listing in 2023. With regulatory approvals pending, the listing process is expected to accelerate once the NCLT clears the merger.

 

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.

Indian Overseas Bank Unveils Ultra HNI Savings Scheme with Premium Benefits

Indian Overseas Bank (IOB), based in Chennai, has introduced a premium Ultra HNI Savings Bank Scheme tailored for high-net-worth individuals (HNIs). This special banking initiative includes 3 variants – IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE, each offering unique benefits designed to meet the financial needs of affluent customers.

Key Features and Benefits

Comprehensive Insurance and Relationship Management

  • Personal Accident Insurance (PAI) – Coverage up to ₹1.10 crore for financial security.
  • Dedicated Relationship Manager – Personalised financial guidance and support.

Convenience and Banking Privileges

  • Doorstep Banking – Unlimited services at your home through dedicated service providers.
  • Exclusive Lounge Access – Free domestic and international airport lounge entry via RuPay Select Debit Card.
  • Unlimited Free Transactions – NEFT, RTGS, IMPS, and SME alerts at no extra cost.

Loan and Credit Card Benefits

  • Loan Processing Fee Waiver – 100% discount on processing charges for home and vehicle loans.
  • Premium Debit Cards – Free issuance and maintenance of high-end VISA and RuPay debit cards.
  • Credit Card Perks – No charges for issuance, renewal, or annual maintenance of credit cards.

Locker and Banking Services

  • Locker Rent Discounts – Up to 75% concession on locker rent.
  • Free Banking Services – Complimentary cheque books, demand drafts, and locker operations.

IOB’s Vision for Premium Banking

Ajay Kumar Srivastava, MD & CEO of IOB, highlighted the importance of the new scheme, stating, “With the rising number of HNIs in India, we understand the demand for personalised financial services, premium benefits, and hassle-free banking. The Ultra HNI Savings Scheme is our commitment to delivering a superior banking experience with exclusive privileges.”

With its enhanced features, IOB’s Ultra HNI Savings Scheme aims to redefine elite banking, offering unmatched convenience, security, and financial advantages for high-net-worth customers.

Share Price Movement

On March 10, at 11:42 AM IST, Indian Overseas Bank share price was trading at ₹44.30, down 0.83%. The stock opened at ₹44.68, reached a high of ₹45.02, and a low of ₹44.07. The bank has a market capitalisation of ₹83.74K crore and a P/E ratio of 26.89. Over the past 52 weeks, the stock has hit a high of ₹75.55 and a low of ₹40.52.

Conclusion

With its tailored financial services, exclusive privileges, and seamless banking experience, IOB’s Ultra HNI Savings Scheme sets a new benchmark in elite banking for high-net-worth individuals.

 

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.

DLF to Invest ₹6,000 Crore in 75 Lakh Sq Ft of Office and Retail Spaces in Gurugram

Real estate giant DLF, through its rental subsidiary DLF Cyber City Developers Ltd (DCCDL), is investing ₹6,000 crore to develop 75 lakh square feet of premium office and retail spaces in Gurugram. This move aligns with the rising demand for high-quality, sustainable commercial properties in India.

Key Developments: Office and Mall Projects

DCCDL has started constructing 55 lakh sq ft of Grade A+ office spaces as part of the new phase of its DLF Downtown Gurugram project. Additionally, work has begun on the 20 lakh sq ft DLF Mall of India, Gurugram. So far, 37 lakh sq ft of development has been completed.

Rising Demand for Grade A Office Spaces

DLF’s Vice Chairman & MD (Rental Business), Sriram Khattar, highlighted that global tech firms and GCCs are driving demand for top-grade office spaces. He emphasised that companies prefer sustainable, scalable, and well-connected commercial properties, which DLF aims to provide.

Retail Expansion to Meet Growing Urban Demand

Khattar also noted that India’s growing middle class and rapid urbanisation are fueling retail expansion. International brands continue to see India as a key growth market. DLF is actively developing new malls and has a strong supply pipeline. It plans to complete 1.3 million sq ft of retail space this year and another 2-2.5 million sq ft in the next three years.

Strong Financial Growth in Rentals

DCCDL, which manages most of DLF’s rental assets, reported ₹1,194 crore rental income in Q3 FY24, a 10% YoY increase. Office rentals contributed ₹962 crore, while retail rentals rose to ₹231 crore. Revenue grew 9% YoY to ₹1,609 crore, and net profit more than doubled to ₹941 crore.

DLF’s Market Leadership

As India’s largest real estate company by market cap, DLF has a strong presence in Delhi-NCR and Tamil Nadu. With over 185 completed projects and 352 million sq ft developed, the company continues to lead in residential and commercial real estate.

Share Price Movement

As of March 10, 2025, at 11:28 AM IST, DLF share price is trading at ₹663.80, down ₹3.25 (0.49%) for the day. The stock opened at ₹666.85, reached a high of ₹671.00, and touched a low of ₹658.95. DLF has a market capitalisation of ₹1.64 lakh crore, a P/E ratio of 41.01, and a dividend yield of 0.75%. The stock’s 52-week high stands at ₹967.60, while its 52-week low is ₹622.00.

Conclusion

DLF’s ₹6,000 crore investment reinforces its commitment to expanding high-quality office and retail spaces in Gurugram. As demand for Grade A commercial properties and organised retail grows, DLF remains a key player in shaping India’s urban landscape.

 

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.

 

How a ₹15,000 Monthly SIP Can Help You Build ₹22.5 Crore Wealth?

Investing in mutual funds can feel like riding a rollercoaster due to market ups and downs. However, experienced investors know that patience and consistency are key to building long-term wealth. Just like a small seed grows into a big tree, regular investments through Systematic Investment Plans (SIPs) can help your money grow significantly over time.

If you’re aiming for early retirement or long-term financial security, understanding how SIPs and step-ups work can help you achieve your goals.

How SIPs Can Help You Build Wealth

Let’s consider a scenario where you starts a monthly SIP of ₹15,000 at age 30 and continues investing until the age of 60. 

After investing through a Step-Up SIP for 30 years, your total estimated returns would amount to ₹19,57,27,215. This is based on an initial monthly investment of ₹15,000, with an annual step-up of 10%, meaning you increase your SIP contribution by 10% every year. Additionally, the expected rate of return is 15% per annum, which compounds over time, significantly boosting your wealth creation.

Over this period, your total invested amount will be ₹2,96,09,748, while the majority of your corpus—₹19,57,27,215—will come from investment growth, demonstrating the power of compounding and incremental contributions. Ultimately, the total value of your investment after 30 years will be ₹22,53,36,963. You can use the Angel One Step Up SIP Calculator to calculate your retirement corpus. 

This strategy works because of the power of compounding and regular increases in investment, which significantly boost long-term wealth creation.

The Importance of SIP Step-Ups

Financial experts suggest increasing SIP contributions by 10% annually to maximise returns. This is because as your income grows, you can afford to invest more, leading to greater wealth accumulation.

Expert Insights on Mutual Fund Investments

  • Long-Term Growth: Equity mutual funds are ideal for long-term investments, while hybrid and debt funds are better suited for conservative investors.
  • Tax Benefits: Investing in ELSS funds offers tax benefits under Section 80C of the Income Tax Act.
  • Diversification is Key: Spreading investments across large-cap, mid-cap, and international funds can reduce risk and improve returns.
  • Market Timing Isn’t Necessary: Starting early and staying invested is more important than trying to predict market movements.

Final Thoughts: Start Early and Stay Consistent

Mutual funds offer an excellent opportunity for long-term wealth creation. Whether you invest through SIPs or lump sums, the key to success is starting early, staying invested, and increasing contributions over time.

By following a disciplined approach and leveraging SIP step-ups, you can work towards building a strong financial future—perhaps even accumulating ₹41 crore or more by the time you retire! 

 

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.

Alembic Pharma Falls 3% After USFDA Observation on Vadodara Facility

Alembic Pharmaceuticals share price dropped 2.8% on the BSE, hitting an intraday low of ₹821.65. The decline followed an inspection by the US Food and Drug Administration (USFDA) at the company’s Bioequivalence facility in Vadodara. As of 9:39 AM, the stock was trading at ₹821.65, down 2.84%, while the BSE Sensex was up 0.31% at 74,563.29.

Alembic Pharma’s market capitalisation stood at ₹16,150.61 crore. The stock’s 52-week high is ₹1,296.15, while the 52-week low is ₹725.6.

USFDA Inspection and Observation

Alembic Pharma confirmed in a regulatory filing that the USFDA inspected its Vadodara Bioequivalence facility from March 3 to March 7, 2025. The inspection was pre-scheduled, and the USFDA issued a Form 483 with one procedural observation.

The company assured that it will submit a detailed response to the USFDA within the required timeframe.

What is Form 483?

Form 483 is a document issued by the USFDA when an inspection identifies practices or conditions that may not comply with regulatory standards. These observations typically relate to manufacturing practices, product quality, and regulatory compliance.

About Alembic Pharmaceuticals

Alembic Pharma is a leading Indian pharmaceutical company involved in manufacturing and marketing Indian Formulations, International Generics, and Active Pharmaceutical Ingredients (APIs). The company focuses on R&D, innovation, and large-scale production to meet global healthcare needs.

Stock Performance Over the Past Year

In the last 1 year, Alembic Pharma’s stock has declined by 14%, whereas the Sensex has gained 1%.

Conclusion

Despite short-term pressure from regulatory observations, Alembic Pharma remains an important player in the pharmaceutical industry with a strong focus on R&D and global expansion.

 

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.

 

EPFO 3.0: A Game Changer for Your Retirement Savings

When you think about withdrawing money from your Employees’ Provident Fund (EPFO) in India, long queues, complicated paperwork, and frustrating delays likely come to mind. However, that could soon change with the introduction of EPFO 3.0.

Union Labour Minister Mansukh Mandaviya recently announced this upgrade, promising a banking-like experience for EPFO members. This move aims to make managing and withdrawing EPFO funds as easy as using an ATM.

What’s New in EPFO 3.0?

The biggest highlight of EPFO 3.0 is the ability to withdraw money from ATMs, a feature that will bring much-needed convenience. The minister announced this update on March 6 while inaugurating EPFO’s Telangana Zonal Office.

Currently, withdrawing money from EPFO requires multiple steps—visiting offices, submitting forms, and waiting for approvals. The new system aims to eliminate these hassles and provide quick access to funds.

How EPFO 3.0 Will Benefit You

  1. Withdraw from ATMs – Members will be able to withdraw their EPFO funds just like using a bank ATM.
  2. Direct Account Access – With a Universal Account Number (UAN), subscribers can manage their funds without employer intervention.
  3. Less Paperwork and Faster Processing – The system will go digital, reducing the need for physical forms and lengthy approvals.
  4. Simpler Transactions – Claim settlements, fund transfers, and personal information updates will become more efficient.
  5. More Transparency – Members will have better control and visibility over their EPFO accounts, making transactions easier to track.

A Word of Caution: Think Long-Term

While easier withdrawals offer more financial flexibility, it’s crucial to remember that EPFO savings are meant for retirement. Frequent or unnecessary withdrawals can reduce your retirement corpus, affecting long-term financial security.

Always plan wisely and consult a financial expert before making major decisions about your EPFO funds. Saving with a long-term vision will help ensure financial independence in retirement. 

Conclusion

While EPFO 3.0 makes withdrawals easier, it’s vital to prioritise long-term savings. Use funds wisely and plan strategically to secure your financial future. 

 

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 March 7, 2025: Reliance Leads Gainers, IndusInd Bank Slumps

Indian equity markets struggled to hold onto early gains and ended the session flat on Friday. The BSE Sensex closed marginally lower by 7.51 points, or 0.01%, at 74,332.58. During the session, the 30-share index fluctuated between a high of 74,586.43 and a low of 74,038.03.

Meanwhile, the NSE Nifty50 managed to post slight gains, rising 7.80 points, or 0.03%, to settle at 22,552.50. The index touched an intraday high of 22,633.80 before dipping to a low of 22,464.75.

Top Gainers of the Day

Symbol Open High Low LTP %chng
RELIANCE 1,216.00 1,254.80 1,212.00 1,246.40 3.04
TATAMOTORS 640 651.5 635 647.5 1.23
BAJAJ-AUTO 7,462.25 7,624.00 7,451.10 7,551.00 1.19
BEL 275.8 279.73 274 276.2 1.19
HINDALCO 678.6 694.6 678.6 689.95 1.17

Reliance Industries

Reliance shares opened at ₹1,216.00 and surged to ₹1,254.80, recording a 3.04% gain to ₹1,246.40 by mid-day.

Tata Motors

Tata Motors started at ₹640.00 and peaked at ₹651.50, marking a 1.23% increase to ₹647.50.

Bajaj Auto

Bajaj Auto shares opened at ₹7,462.25 and reached a high of ₹7,624.00, rising 1.19% to ₹7,551.00 by mid-day.

BEL (Bharat Electronics Ltd.)

BEL shares opened at ₹275.80 and hit ₹279.73, gaining 1.19% to ₹276.20.

Hindalco

Hindalco shares opened at ₹678.60 and climbed to ₹694.60, rising 1.17% to ₹689.95.

Top Losers of the Day

Symbol Open High Low LTP %chng
INDUSINDBK 971 976.6 932.3 935 -3.78
NTPC 335.85 338.75 328.7 330.4 -2.22
SHRIRAMFIN 644.35 647.65 627.45 631 -2.07
INFY 1,703.10 1,705.00 1,675.50 1,685.00 -1.8
BPCL 264.96 265.79 260 260.49 -1.72

IndusInd Bank

IndusInd Bank shares opened at ₹971.00 and dropped to ₹932.30, reflecting a 3.78% decline to ₹935.00.

NTPC

NTPC shares started at ₹335.85 and fell to ₹328.70, losing 2.22% to ₹330.40.

Shriram Finance

Shriram Finance opened at ₹644.35 and declined to ₹627.45, dropping 2.07% to ₹631.00.

Infosys

Infosys shares opened at ₹1,703.10 and fell to ₹1,675.50, showing a 1.80% loss to ₹1,685.00.

BPCL

BPCL shares opened at ₹264.96 and hit a low of ₹260.00, declining 1.72% to ₹260.49.

Conclusion

The markets ended flat despite early gains, with Reliance and Tata Motors leading the gainers, while IndusInd Bank and NTPC faced declines. Investors should stay cautious amid market fluctuations.

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.

L&T Expands into Space as India Boosts Private Rocket Industry

Larsen & Toubro (L&T), a major Indian industrial group, is expanding its presence in the space sector. The company aims to manufacture satellites and launch vehicles as India reduces dependence on imports and encourages private investment in space exploration.

Leading in Defense and Aerospace

L&T is India’s largest private defense manufacturer by revenue. Its Precision Engineering and Systems unit earned ₹46.10 billion ($548.3 million) in FY24, marking a 41% increase from the previous year. The company is leveraging its expertise in high-tech manufacturing to scale up aerospace production.

Building India’s First Private PSLV

At its facility in Coimbatore, Tamil Nadu, L&T is working with Hindustan Aeronautics Limited (HAL) to build India’s first privately manufactured Polar Satellite Launch Vehicle (PSLV). This rocket is a key part of ISRO’s space missions. Additionally, L&T is producing equipment for deep-space exploration programs.

India’s Growing Space Sector

India’s space industry is currently valued at $13 billion, with the government aiming to increase it to $44 billion in the next decade. Global demand for satellite launches is also expected to reach $160 billion. L&T sees this as an opportunity to compete internationally.

Private Participation and Future Plans

The Indian government has introduced policies that allow private companies to design, build, and operate space missions. This move is expected to attract global players, similar to the commercial space boom in the US and Europe.

The first private PSLV launch, initially scheduled for early 2025, has been delayed but is expected by mid-year. Each rocket costs about $30 million.

Competing in the Global Market

L&T plans to offer cost-effective and reliable launch services to meet the rising demand for satellite launches. With India’s growing role in the space sector, the company hopes to position itself as a key global player.

Conclusion

L&T’s entry into the space sector aligns with India’s push for private participation and global competitiveness. By leveraging its expertise, the company aims to play a key role in making India a major space power.

Larsen & Toubro share price is trading at ₹3,245.05, down 0.46% (-₹14.85) as of March 7, 3:12 PM IST. The stock opened at ₹3,259.90, reaching a high of ₹3,289.00 and a low of ₹3,240.10. 

 

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.