Vodafone Idea Share Price Jumps Over 2% After Rejecting ₹97 Lakh GST Penalty

Vodafone Idea share price rose over 2% on Wednesday, February 19, 2025, after the company firmly opposed a Goods and Services Tax (GST) demand. The stock touched an intraday high of ₹8.39 on the BSE, gaining 3.96%. By 12:50 PM, it was trading 2.73% higher at ₹8.29 per share.

GST Notice and Vodafone Idea’s Response

Vodafone Idea received an order under the Central Goods and Services Tax (CGST) Act, 2017, on February 18. The notice, issued under Section 73 of the CGST Act, claims that the company availed of excess Input Tax Credit during the financial year 2020-21.

The order includes a penalty of ₹97.16 lakh, along with a tax demand and interest. However, Vodafone Idea strongly denied the claims and stated that it would take the necessary steps to challenge and reverse the order.

Q3 FY25 Financial Performance

Vodafone Idea reported a smaller net loss of ₹6,609.3 crore in Q3 FY25, compared to ₹7,175.9 crore in the previous quarter.

  • Revenue: ₹11,117.3 crore (up 1.7% QoQ)
  • ARPU (Average Revenue Per User): ₹173 (up from ₹166 QoQ)
  • EBITDA: ₹4,712.4 crore (up 3.6% QoQ)
  • EBITDA Margin: 42.4% (up from 41.6% QoQ)

Despite revenue growth, Vodafone Idea continues to struggle with subscriber losses due to its lower ARPU and high customer churn.

About Vodafone Idea

Vodafone Idea is a major telecom service provider in India, offering mobility and long-distance services, along with handset and data card trading.

 

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 Jumps 6% on Renewable Energy Buzz; BSE Seeks Clarity

Reliance Infrastructure share price surged nearly 6% on Wednesday, February 19, 2025, following media reports about the company’s plans to enter renewable energy equipment manufacturing. The stock opened lower at ₹245.75 on the BSE, compared to the previous close of ₹248.80, but quickly rebounded. It hit an intraday high of ₹263.60 before settling at ₹257.30 by 1:30 PM, up 3.4%. Over the past year, the stock has gained 14%, pushing its market capitalisation beyond ₹10,200 crore.

Exchange Seeks Clarification

The surge in share price came amid reports that Reliance Infrastructure, owned by Anil Ambani, plans to set up solar and battery manufacturing units. However, the company has not yet made an official announcement on the stock exchanges. Due to this, the BSE has asked Reliance Infrastructure for clarification regarding the reports. The company’s response is still awaited.

Expansion into Renewable Energy

According to reports, Reliance Infrastructure plans to expand its business by establishing integrated solar and battery manufacturing facilities. The solar unit will focus on producing solar panels and components, while the battery unit will develop advanced energy storage solutions for grid applications and electric vehicles.

Key Leadership Appointments

To lead these new ventures, the company has appointed:

  • Ivan Saha as CEO of Renewable Manufacturing. He has over 30 years of experience in semiconductors and solar technology, having worked with Vikram Solar and ReNew Power.
  • Mushtaque Hussain as CEO of Battery Manufacturing. He brings 25 years of experience in automotive, renewable energy, and consumer electronics, with previous leadership roles at Reliance Industries and Tesla.

Conclusion

If confirmed, this expansion into renewable energy could strengthen Reliance Infrastructure’s position in the industry. Investors are now awaiting an official response from the company regarding its future plans.

 

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.

Ola Electric Shares Hit 52-Week Low After Vahan Portal Update

Ola Electric Mobility shares hit a 52-week low during morning trade on Wednesday, February 19, 2025. The stock opened lower at ₹59.34 on the BSE, compared to the previous close of ₹60.34. It further declined to an intraday low of ₹58.50, marking its lowest level in the past year.

Despite the drop, the stock rebounded later in the day, reaching an intraday high of ₹61.59, a recovery of over 5% from the day’s lowest point.

Reason for the Decline

The decline in Ola Electric’s share price followed an update on vehicle registrations from the VAHAN portal. The company announced that its February 2025 registration numbers might be temporarily affected due to ongoing negotiations to optimise the registration process.

Ola Electric’s Official Statement

Ola Electric issued a statement on February 19, explaining that it is renegotiating agreements with its registration partners—Rosmerta Digital Services Private Limited and Shimnit India Private Limited. The goal is to reduce costs and improve efficiency in the registration process. However, this process may impact sales registrations for February 2025.

Future Outlook

Despite the temporary dip in registrations, Ola Electric reassured investors that overall sales remain strong. The company expects the registration process to normalise in the coming weeks.

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.

Arkade Developers Share Price Gain 4% After Securing Malad Redevelopment Project

Arkade Developers share price rose by 3.9% on February 19, 2025, reaching an intraday high of ₹144.8 on the BSE. The stock saw increased buying interest after the company secured the redevelopment rights for Nutan Ayojan, a cooperative housing society in Malad West.

At 12:43 PM, the stock was trading at ₹142.6, up 2.41%, while the BSE Sensex gained 0.03% to 75,989.45. The company’s market capitalisation stood at ₹2,647.56 crore. The stock’s 52-week high and low were ₹190 and ₹128.3, respectively.

Project Details

Arkade Developers announced that it had acquired the redevelopment rights for Nutan Ayojan, marking another step in its expansion across Mumbai’s prime locations.

The project will be built on a 6,858.90 square meter plot and is estimated to have a gross development value (GDV) of around ₹740 crore. It will feature luxurious 2 and 3 BHK apartments with a total saleable RERA carpet area of approximately 233,000 square feet.

Project Features

The planned structure will include:

  • 2 basements
  • 4 podium parking levels
  • An eco-deck
  • 32 residential floors

The project will have 408 homes, out of which about 215 units will be available for sale, further enhancing Arkade Developers’ residential portfolio.

Company’s Vision

Amit Jain, Chairman and Managing Director of Arkade Developers, emphasised the company’s commitment to offering modern and innovative homes while retaining the community’s familiar surroundings.

“Our strategy focuses on high-growth areas through redevelopment, strategic acquisitions, and optimising our land bank’s value. This project aligns with our expansion plans, allowing us to accelerate our growth pipeline,” he said.

Expanding Presence in Mumbai

With this new redevelopment, Arkade Developers strengthens its position in Mumbai’s Metropolitan Region (MMR). The company is known for developing premium residential properties and continues to expand its footprint in key micro-markets.

 

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 Board to Meet on February 28: Interest Rate Decision Expected

The Employees’ Provident Fund Organisation (EPFO) will hold its Central Board of Trustees (CBT) meeting on February 28 to decide the interest rate for the financial year 2024-25. According to a report, the rate is likely to stay around 8.25%.

EPF Interest Rate Trend

EPFO increased the interest rate to 8.25% for FY24, the highest in 3 years. In the previous year (FY23), it was 8.15%, slightly up from 8.10% in FY22.

The lowest rate in recent times was 8.10% in 2021-22, the lowest since 1977-78, when it stood at 8%. Over the last decade, EPF interest rates have varied, with the highest being 9.50% in 2010-11. Between 2019 and 2021, it remained steady at 8.50% before dropping in FY22.

EPF Interest Rate History (Selected Years)

Year Interest Rate
2022-23 8.15%
2021-22 8.10%
2020-21 8.50%
2019-20 8.50%
2018-19 8.65%
2017-18 8.55%
2016-17 8.65%
2015-16 8.80%
2010-11 9.50%
2000-01 12% (April-June), 11% (July onwards)
1989-2000 12.00%

How EPF Interest Rate Is Decided

EPFO proposes the interest rate, which the CBT then reviews. However, the final approval comes from the finance ministry before it is officially announced and credited to members’ accounts.

How EPF Interest Is Calculated

  • EPF interest is calculated every month but is credited at the end of the financial year.
  • If an account remains inactive for 36 months (no contributions), it becomes dormant and stops earning interest.

What’s Next?

The final decision will depend on the finance ministry’s approval after the CBT meeting. If the proposed 8.25% rate is approved, it will remain unchanged from last year.

 

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.

GlaxoSmithKline Share Price Soars 36% in 2 Days After Strong Q3 FY25 Results

GlaxoSmithKline (GSK) shares surged by over 17% on February 18, extending a 3-day rally. The stock jumped as much as 17.69% to ₹2,744.95 per share on the BSE. This comes after the company reported impressive growth in its Q3 FY25 earnings, which fueled investor optimism.

Strong Q3 FY25 Performance Drives Rally 

GSK Pharmaceuticals announced a remarkable 400% increase in its net profit for Q3FY25, reaching ₹230 crore, compared to ₹46 crore in the same quarter previous year. The company’s revenue grew by 18% to ₹949.42 crore, up from ₹805.26 crore YoY.

EBITDA also saw a outstanding boost, rising by 33.8% to ₹291.9 crore, and the EBITDA margin expanded to 30.7%, up from 27.1% YoY.

Key Drivers of Growth 

GSK’s general medicines portfolio, including popular brands like Augmentin, Ceftum, and T-bact, saw market share gains. The company’s Respiratory portfolio, led by Nucala and Trelegy, also experienced strong growth, increasing patient access across India.

In the vaccines segment, GSK maintained its leadership in the self-pay private market for pediatric vaccines and gained momentum in adult immunisation with the Shingrix vaccine.

Stock Performance and Market Outlook 

Over the past month, GSK’s stock price has surged by 27%, and it has gained more than 17% year-to-date. Despite a 10% dip in the past 6 months, the stock has risen 16% over the last year. Over the past 2 years, it has delivered an impressive return of over 110%.

As of 2:20 PM, GSK shares were trading 7.92% higher at ₹2,516.95 per share on the BSE.

 

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.

Zen Tech Share Price Drop for Third Straight Session, Fall 10% on Weak Q3 Results

Zen Technologies share price continued their downward trend for the third consecutive session after the company posted weaker Q3 FY25 results. The stock plunged 10% in today’s session, extending its 3-day loss to 33%.

Zen Technologies share price fell 10% to ₹972.00 as of 1:37 PM IST on February 18. The stock opened at ₹1,059.90, reaching a high of ₹1,059.90 and a low of ₹972.00.

Sequential Decline Despite Yearly Growth in Q3 Performance

Zen Technologies reported a 22% year-on-year increase in net profit to ₹38.62 crore, primarily driven by higher other income. However, net profit nearly halved from ₹65.24 crore in the previous quarter, reflecting a sharp sequential decline. Revenue grew 44% year-on-year to ₹141.52 crore, up from ₹98.08 crore but saw a 41% drop from ₹241.69 crore in Q2, largely due to shipment delays and a shift in revenue booking to the next quarter. 

EBITDA margins weakened to 35.90% from 47.34% in the same period last year but improved slightly from 35.12% in the previous quarter.

Revenue Guidance and Order Pipeline for Future Growth

Despite missing revenue expectations in Q3 FY25, Zen Tech remains optimistic about its future. The company expects ₹800 crore worth of inflows in Q4 FY26, providing revenue visibility beyond FY25. It maintains its ₹900 crore revenue target for FY25 with an EBITDA margin target of 35%. Zen Tech is also expanding its simulator portfolio with the acquisition of ARIPL, a naval simulator firm, and has signed MoUs and partnerships for air-based simulation solutions.

About Zen Technologies Limited

Zen Technologies Limited, established in 1996, specialises in designing, developing, and manufacturing combat training and counter-drone solutions for defence and security forces. The company focuses on indigenising technology to support the Indian armed forces, state police, and paramilitary units. Headquartered in Hyderabad, India, Zen Technologies also has offices in the UAE and the USA.

 

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.

 

RIL Subsidiary Wins PLI Order for 10 GWh Battery Cell Capacity

Reliance Industries share price were active in trade on February 18, 2025. The stock initially fell 0.6% to a low of ₹1,216.4 per share but later rebounded after the government announced an agreement with Reliance New Energy Battery Ltd, a subsidiary of RIL, for advanced chemistry cell (ACC) battery manufacturing. The stock recovered 1.1% from its low, reaching an intraday high of ₹1,229.95 before trading at ₹1,225.9 on the BSE, up 0.09% at 12:40 PM. Meanwhile, the BSE Sensex was down 155 points (0.20%).

PLI Agreement for Battery Manufacturing

The Ministry of Heavy Industries (MHI) signed a Programme Agreement with Reliance New Energy Battery Ltd under the Production Linked Incentive (PLI) scheme for ACC batteries. The agreement grants RIL a 10 GWh ACC battery capacity, making it eligible for incentives under India’s ₹18,100 crore PLI ACC scheme.

Government’s Battery Storage Initiative

This initiative is part of the ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’, approved by the government in May 2021. The scheme aims to establish a total battery manufacturing capacity of 50 GWh, and with RIL’s allocation, the cumulative capacity awarded has now reached 40 GWh. Earlier, in March 2022, three other companies were awarded a total of 30 GWh.

RIL’s New Energy Investments

Reliance New Energy Battery Ltd operates under RIL’s New Energy vertical, which focuses on decarbonisation and achieving net-zero carbon emissions by 2035. So far, the company has invested ₹6,700 crore in acquisitions and infrastructure to develop a scalable energy ecosystem.

Budget 2025 Boost for EV Battery Manufacturing

During the Union Budget for FY 2025-26, Finance Minister Nirmala Sitharaman announced that the government will exempt 35 additional capital goods for EV battery production from Basic Customs Duty (BCD) to promote domestic manufacturing of lithium-ion batteries. (suggest a catchy title and a summary within 180 characters)

About Reliance Industries Limited

Reliance Industries Limited, based in Mumbai, Maharashtra, is an Indian multinational conglomerate engaged in energy, petrochemicals, natural gas, retail, entertainment, telecom, mass media, and textiles.

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.

Godfrey Phillips Share Price Rise for 3rd Day After Strong Q3 FY25 Results

Godfrey Phillips shares continued their upward trend for the third straight session on February 18 after posting strong Q3 FY25 results. The company reported a 48.7% year-on-year (YoY) increase in net profit, reaching ₹316 crore for the December quarter. Revenue from operations also grew 27.3% YoY to ₹1,591 crore, driven by solid growth in its core business of cigarettes, tobacco, and related products.

Stock Movement

Godfrey Phillips shares surged 11.78% to an intraday high of ₹7,687.70 on the NSE. Despite opening 2.79% lower, it quickly recovered, erasing all losses. Over the last 3 trading sessions, the stock has gained nearly 45%.

Strong Operational Performance

The company’s EBITDA jumped 57.6% YoY to ₹359 crore in Q3FY25. EBITDA margins improved significantly, rising 440 basis points to 22.6%.

Challenges and Future Outlook

India’s cigarette industry has faced difficulties due to higher taxes, stricter regulations, and rising illicit trade, especially in the premium segment, affecting legal manufacturers. 

About Godfrey Phillips India

Godfrey Phillips India, the flagship company of the KK Modi Group, is a leading FMCG company in India. It owns popular cigarette brands like Four Square, Red & White, and Cavanders. The company also has an exclusive agreement with Philip Morris International to produce and distribute the Marlboro brand in India.

 

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.

Vedanta Share Price Dips 2% Ahead of Key Demerger Meeting

Vedanta share price dropped 2.4% on Tuesday, February 18, ahead of an important meeting with shareholders and creditors to discuss the company’s demerger plan. The stock opened at ₹419.50, slightly higher than its previous close of ₹415.10, but later fell to ₹405.25 during intra-day trade.

Meeting to Decide on Vedanta’s Demerger

As per a filing on January 17, Vedanta informed the stock exchanges that a meeting of equity shareholders, secured creditors, and unsecured creditors would be held on February 18. This meeting, scheduled under the National Company Law Tribunal (NCLT) Mumbai’s order from November 21, 2024, will determine the approval of the proposed demerger.

For the demerger to move forward, at least 75% of creditors (by debt value) attending the meeting must approve the plan. If cleared, Vedanta’s different business divisions will become independent entities.

Changes in the Demerger Plan

Initially, Vedanta planned to separate into 6 businesses: Aluminium, Oil & Gas, Power, Steel & Ferrous Materials, Base Metals, and Vedanta Ltd. However, in December, the company decided to retain its base metals business under the main company instead of making it a separate entity.

Vedanta’s Stock Performance

Despite the recent decline, Vedanta’s stock has risen 53% in the past 12 months, increasing its market valuation to ₹1.59 lakh crore.

About Vedanta Ltd

Vedanta is a diversified natural resources company involved in mining, processing, and selling minerals and oil & gas. The company produces 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. India contributes about 65% of Vedanta’s total revenue, followed by Malaysia (9%), China (3%), the UAE (1%), and other regions making up 22%.

 

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.