MSTC share price, a state-owned trading and distribution company, declined 9.14% to ₹539.05 during intra-day trading on the NSE on Friday, February 14, 2025. The drop comes as the stock trades ex-dividend today for its second interim dividend for the financial year 2024-25.

Dividend Details

MSTC had earlier informed stock exchanges that its board approved a second interim dividend of ₹32 per share (320% on a face value of ₹10) for FY 2024-25. The company set February 14, 2025, as the record date to determine eligible shareholders. The dividend will be paid within 30 days of declaration. At the current market price, MSTC’s dividend yield stands at 7.54%.

Company Overview

MSTC is a Mini Ratna Category-I PSU under the Ministry of Steel. It operates in 2 main business segments:

• E-commerce: Handles online trading, auctions, and disposal services.
• Trading: Deals with ferrous and non-ferrous scrap, surplus stores, minerals, agricultural products, and forest produce for public and private sector entities.

As of February 14, 2025, MSTC’s market capitalisation is ₹3,807.23 crore on the NSE.

Stock Performance and Market Trends

MSTC’s stock has dropped 35% in the past 6 months and 41% over the past year. Its 52-week range on the NSE is ₹1,036.90 – ₹539.05.

At 11:07 AM, MSTC share price was trading at ₹540, down 4.96% from its previous close of ₹600.20. Nearly 0.24 million shares worth ₹13.05 crore were traded on the BSE and NSE.

Meanwhile, the broader market remained positive. The BSE Sensex was up 497.47 points (0.65%) at 75,641.50, while the NSE Nifty50 rose 176.60 points (0.77%) to 22,854.80.

 

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.

ITC Hotels share price fell over 3% in intra-day trading on Friday, February 14, after British American Tobacco Plc (BAT), the second-largest shareholder of ITC Hotels, announced plans to reduce its stake in the company by next year.

BAT’s Statement on Divestment Tadeu Marroco, CEO of BAT, mentioned during an earnings call that BAT does not intend to remain a long-term shareholder in the Indian hotel chain. The company plans to divest its stake at the right time to maximise shareholder value. The proceeds from this sale will be used to improve BAT’s financial position, targeting a leverage ratio of 2.5 to 2 by 2026.

BAT’s Stake in ITC Hotels As per the latest shareholding pattern, BAT owns a 15.29% stake in the hotel business. In March 2024, BAT sold a 3.5% stake in ITC for ₹17,491 crore, reducing its ownership in the parent company from 29% to around 25.5%. This sale also enabled BAT to start a sustainable share buyback program, with £700 million planned for 2024 and £900 million for 2025.

ITC Hotels Share Price Reaction

Following BAT’s announcement, ITC Hotels share price dropped 3.44%, reaching ₹164.05, close to its 52-week low of ₹160.55. The stock opened at ₹170.10, higher than its previous close of ₹169.90, but quickly fell. ITC Hotels shares had only recently been listed on January 29, with an initial trading price of ₹188 per share.

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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.

Rail Vikas Nigam Ltd (RVNL) shares dropped over 3% in early trading on Friday, February 14, 2025, as investors awaited the company’s Q3 FY25 results. The stock fell as much as 3.24%, reaching ₹366.65 on the BSE.

RVNL’s board of directors was scheduled to meet on February 12, 2025, but the meeting was postponed and rescheduled to February 14, 2025. The meeting is set to approve the unaudited financial results for the quarter ending December 31, 2024.

RVNL’s Stock Performance and Outlook

The RVNL stock has faced a 14% decline year-to-date (YTD) and a 33% drop in the last 6 months. Over the past year, the stock has delivered 48% returns and 428% returns in the past 2 years. However, its price has been on a downtrend since reaching a peak of ₹644 in July 2024, correcting almost 47%.

Recent Project Wins and Upcoming Board Meeting

On February 7, Rail Vikas Nigam Limited secured a ₹210.78 crore project from South Eastern Railway for the design, supply, erection, testing, and commissioning of an upgraded electric traction system (from 1×25 KV to 2×25 KV) on the Kharagpur (Excl.)-Tatanagar (Incl.) section. This upgrade aims to meet a 3000 MT loading target for the Kharagpur/Chakradharpur division.

Additionally, on February 4, the company received a Letter of Acceptance (LoA) for a ₹404.40 crore project from East Coast Railway.

A board meeting has been scheduled for February 12, 2025, to review and approve the unaudited financial results (standalone and consolidated) for the quarter and nine months ending December 31, 2024.

About Rail Vikas Nigam Limited

RVNL is a public sector enterprise in India that serves as the Ministry of Railways’ construction division and is responsible for implementing projects and developing transportation infrastructure.

 

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.

Vakrangee shares price, a penny stock backed by LIC, saw a 5% increase, reaching ₹16.71 on February 14, 2025. This marks the second day in a row the stock hit its upper circuit limit. The surge came after the Reserve Bank of India (RBI) renewed Vakrangee’s authorisation to operate White Label ATMs (WLAs) across India.

RBI’s Decision to Renew Authorisation

On February 12, 2025, Vakrangee announced that the RBI had extended its authorisation to operate WLAs until March 31, 2026. Vakrangee’s MD, Vedant Nandwana, expressed his satisfaction with the renewal, highlighting how crucial the ATM service is for the company’s business model, particularly in rural and semi-urban areas.

Company’s ATM Network and Future Plans

As of January 31, 2025, Vakrangee operates 6,035 WLAs, with 76% located in Tier-4 to Tier-6 areas. The company also runs 22,395 Vakrangee Kendra outlets, with 81% in Tier-4 to Tier-6 locations. In FY24, Vakrangee launched “VISION 2030,” setting ambitious goals to grow its network to over 3 lakh outlets and expand its ATM count to 15,000. The company aims to reach $1 billion in revenue and a gross transaction value of $150 billion by 2030.

The company has garnered significant interest from institutional investors, with LIC holding a 4.41% stake. Retail investors own 51%, while the promoter group holds 41.7%.

Stock Performance

Vakrangee’s stock has lost 38% of its value over the past year. However, in the last 2 sessions, the stock has gained more than 10%. Despite the recent rally, the stock is still down 31% in February 2025, following a 30% decline in January 2025. Currently, it is trading at ₹16.71, which is more than 56% below its 52-week high of ₹38.17.

Financial Performance

In Q3FY24, Vakrangee reported a total income of ₹67.88 crore, a 31.3% year-on-year increase. EBITDA stood at ₹5.48 crore, while the profit after tax (PAT) was ₹1.04 crore, compared to ₹1.24 crore in the same quarter last year. The company’s quarterly Gross Transaction Value (GTV) surpassed ₹13,699.8 crore, with over 3.2 crore transactions.

About Vakrangee

Founded in 1990, Vakrangee is one of India’s largest last-mile distribution networks, offering services like banking, insurance, ATMs, financial services, e-commerce, and more. The company’s renewed WLA authorisation and future growth plans aim to enhance financial and digital service accessibility, especially in underserved regions across 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.

Global defence company Saab has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to collaborate on the Electronic Warfare Laser Warning System-310 (LWS-310). This agreement strengthens the long-standing partnership between Saab’s South African division and HAL, which began in 2005 during the Advanced Light Helicopter program.

Technology Transfer to India

As part of the MoU, Saab will transfer technology to HAL, enabling it to manufacture the LWS-310 system in India. This aligns with India’s Defence Procurement Procedure and promotes self-reliance in defence manufacturing. The agreement includes setting up the necessary infrastructure, training HAL engineers, and transferring technical knowledge to ensure long-term system support.

Commitment to Localisation

Saab India’s Chairman and Managing Director, Mats Palmberg, highlighted the company’s commitment to localisation by partnering with an Indian firm. He emphasised that this would ensure a secure and reliable system supply to support the Indian armed forces.

Enhancing Defence Capabilities

The LWS-310 system provides rapid threat detection and classification, allowing combat management systems to deploy effective countermeasures against laser-based threats. This enhances situational awareness and self-protection for combat vehicles, making them more resilient in modern warfare scenarios.

About Hindustan Aeronautics Limited

Hindustan Aeronautics Limited (HAL) is a state-owned aerospace and defence company based in Bengaluru, India. Founded on December 23, 1940, it is one of the world’s oldest and largest manufacturers in the sector.

As of February 14, 2025, at 10:02 AM IST, HAL share price is trading at ₹3,636.85, down ₹23.45 (0.64%) for the day. The stock opened at ₹3,700, reached a high of ₹3,717.90, and a low of ₹3,620.25. HAL has a market capitalisation of ₹2.43 lakh crore, a P/E ratio of 27.97, and a dividend yield of 0.96%. The stock’s 52-week high is ₹5,674.75, while its 52-week low is ₹2,855.30.

 

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.

Manappuram Finance reported a standalone net profit of ₹453.4 crore in Q3FY25, a 5.8% increase from ₹428.6 crore in the same quarter last year. The company declared an interim dividend of ₹1 per share (face value of ₹2) and set February 21, 2025, as the record date to determine eligible shareholders.

Net Interest Income (NII) Growth

The company’s net interest income (NII) grew by 13.7% YoY to ₹1,160.9 crore, compared to ₹1,021.2 crore in Q3FY24. This increase reflects strong lending operations and improved interest margins.

Fundraising Plan

Manappuram Finance announced plans to raise up to $2 billion through its Global Medium-Term Note (GMTN) program to enhance funding flexibility and support growth.

Microfinance Unit Challenges

The company’s microfinance division saw a sharp rise in bad loans and provisions, reaching ₹473 crore, which accounted for most of its total provisions of ₹555 crore. At the start of the quarter, the RBI had restricted the unit from giving out new loans due to high pricing and significant mark-ups. This restriction was lifted last month. Revenue from the microfinance business dropped by 5% to ₹665 crore.

Gold Loan Business Benefits from High Prices

Gold loans, which make up 75% of the company’s total revenue, saw a 17% rise, driven by record-high gold prices. As gold prices increased, customers could borrow more against their gold, leading to higher loan disbursements.

About Manappuram Finance

Manappuram Finance is a Non-Banking Financial Company (NBFC) that offers various fund-based and fee-based services, including gold loans and money exchange facilities. It is classified as a Systemically Important Non-deposit-taking NBFC.

Manappuram Finance share price is trading at ₹183.37, down by ₹10.69 (5.51%) as of 10:06 AM IST on February 14, with a market capitalisation of ₹15.51K crore. The stock opened at ₹188.00, reached a high of ₹190.60, and a low of ₹181.30. Its P/E ratio stands at 9.12, with a dividend yield of 2.13%. The stock’s 52-week high is ₹230.40, while its 52-week low is ₹138.35.

 

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.

 

MRF share price is in focus as they will trade ex-date for dividend today. The company has declared an interim dividend of ₹3 per share.

Understanding Ex-Dividend and Record Dates

The ex-dividend date marks when a stock trades without the dividend benefit, meaning investors must own the shares before this date to receive the dividend. The record date is when the company finalises the list of eligible shareholders.

Financial Performance

MRF reported a 38% decline in net profit, which fell to ₹315.5 crore from ₹509.7 crore in the same quarter last year. However, other income rose by ₹20 crore to ₹98 crore.

Revenue increased 13.6% year-on-year to ₹7,000.8 crore, up from ₹6,162.5 crore. Despite revenue growth, EBITDA dropped 21% YoY to ₹835 crore, and the EBITDA margin shrank by 500 basis points to 12% from 17% in the previous year’s quarter.

About MRF

MRF, India’s largest tyre manufacturer, is headquartered in Chennai. It was initially known as Madras Rubber Factory before rebranding as MRF Tyres.

As of February 14, 2025, at 9:53 AM IST, MRF share price stands at ₹1,09,808.40, up by ₹41.40 (0.038%) for the day. The stock opened at ₹1,09,688, reaching a high of ₹1,10,598.75 and a low of ₹1,09,072.10. MRF has a market capitalisation of ₹46,510 crore, a P/E ratio of 26.53, and a dividend yield of 0.18%. The stock’s 52-week high is ₹1,51,445, while its 52-week low is ₹1,06,335.

 

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

 

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

 

On Thursday, February 13, 2025, Indian stock markets started strong but lost momentum and ended nearly unchanged. The BSE Sensex closed at 76,138.97, down 32.11 points (0.04%) from the previous session. During the day, it moved between a high of 76,764.53 and a low of 76,013.43.

The NSE Nifty50 slipped 13.85 points (0.06%) to settle at 23,031.40. It touched an intraday high of 23,235.50 and a low of 22,992.20.

Here are the top gainers and losers on February 13, 2024: 

Top Gainers of the Day

• Tata Steel led the gainers, surging 3.12% to close at ₹136.41 after hitting a high of ₹137.69.
• Sun Pharma gained 3.02%, reaching ₹1,745.00 after touching a high of ₹1,752.75.
• Bajaj Finserv advanced 3.00%, closing at ₹1,842.35.
• Bajaj Finance climbed 2.28% to end at ₹8,401.00 after reaching ₹8,498.00.
• Cipla added 1.77%, closing at ₹1,474.80.

Top Losers of the Day

• Adani Enterprises was the worst performer, dropping 4.93% to ₹2,237.45 after touching a low of ₹2,233.40.
• Adani Ports declined 1.86%, closing at ₹1,107.90.
• Hero MotoCorp fell 1.59% to ₹3,952.05 after touching a low of ₹3,945.10.
• Infosys slipped 1.21%, settling at ₹1,840.65.
• Larsen & Toubro (L&T) dropped 1.05%, closing at ₹3,255.00.

 

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.

Vodafone Idea share price saw a sharp rise of over 5% on Thursday, February 13, after the company announced plans to spend ₹10,000 crore to expand its network by the end of March. This marked the end of a three-day losing streak, with the stock opening at ₹8.10 and hitting an intraday high of ₹8.94.

Expansion and Capital Expenditure Plans

Vodafone Idea aims to boost its network spending in the coming months significantly. The company has already spent ₹5,300 crore on capital expenditure (capex) from April to December 2024. The announcement of the ₹10,000 crore network expansion, which is nearly equivalent to its entire spending for the first 9 months of the year, was welcomed by investors.

Handling Regulatory Demands

Despite the Department of Telecommunications (DoT) demanding a ₹6,090 crore bank guarantee by March 10, the optimism surrounding the network expansion helped boost Vodafone Idea’s stock. The company is also seeking ₹35,000 crore in bank funding to support its expansion plans.

Financial Outlook and Debt Management

Vodafone Idea is also negotiating with the government to convert a portion of its outstanding dues into equity. The company owes ₹43,000 crore in dues, but a significant portion of this can be converted into equity under the government’s reforms package.

About Vodafone Idea

Vodafone Idea is a major telecom service provider in India, offering mobility and long-distance services, as well as trading handsets and data cards.

 

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 Technologies Limited, a leader in anti-drone technology and defence training solutions, expanded its cutting-edge portfolio at Aero India 2025. The company introduced new combat and training systems designed to enhance battlefield readiness, mission effectiveness, and global security.

New Innovations at Aero India 2025

Zen Technologies showcased a range of next-generation defence solutions on Day 4 of the event, emphasising India’s self-reliance in defence technology and reinforcing its leadership in advanced military technology.

Key New Launches

1. Drone-Based Attack and Defence in Virtual Simulation (IWTS) – An AI-powered firearms simulator for hyper-realistic combat training for defence and security forces.
2. Indigenous Propulsion System for UAVs (RPAs) – A modular, hybrid, and fuel-efficient propulsion system that extends endurance and operational efficiency for drones.
3. Airborne Killer Drone System – A high-speed drone with autonomous target detection, precision strike capabilities, a range of over 100 km, and swarm capabilities.
4. Tactical Engagement Simulator (TacSim) – An advanced system for force-on-force training with drone engagement features.

Live Demonstrations

Zen’s booth at Aero India 2025 (Hall A, Booth AR 5.1) hosted live demonstrations, offering visitors an interactive experience with AI-driven solutions, VR-based combat training, and real-time battlefield analytics.

Strengthening India’s Global Defence Position

Ashok Atluri, Chairman and Managing Director of Zen Technologies, highlighted the importance of India’s defence advancements and the role of Aero India as a platform for showcasing these solutions. With deployments across the Indian Army, Air Force, and international markets, Zen’s technologies continue to shape military readiness.

About Zen Technologies

Zen Technologies is a pioneer in defence training and anti-drone solutions, with over 30 years of experience. Based in Hyderabad, the company has applied for over 155 patents and shipped more than 1,000 training systems globally. Zen Technologies is known for its innovative solutions tailored to meet the evolving needs of military forces worldwide.

Zen Technologies share price (NSE: ZENTEC) is currently trading at ₹1,467.90, reflecting a rise of ₹19.85 (1.37%) as of 12:35 PM IST on February 13. The stock opened at ₹1,465.00, reached a high of ₹1,529.95, and a low of ₹1,451.20. Over the past 52 weeks, the stock has reached a high of ₹2,627.00 and a low of ₹777.00.

 

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.