PCBL Chemical Ltd has declared a dividend of ₹5.5 per share, with the announcement date on January 10, 2025, and the record date set for tomorrow, January 16, 2025.

Corporate Action History

PCBL Chemical Limited has consistently declared interim dividends over the years. In 2024, the company announced a dividend of ₹5.5, with the ex-date set for January 29. Similarly, in 2023, a ₹5.5 dividend was declared, and in 2022, the company offered a higher dividend of ₹10.

In 2021, the interim dividend was ₹7. These periodic dividend declarations demonstrate PCBL’s commitment to rewarding shareholders, reflecting its steady financial performance over the years.

Q3 FY25 Financial Highlights

PCBL reported a 37% year-on-year decline in its consolidated net profit, which amounted to ₹93 crore for the December 2024 quarter. Despite this, the company saw a 21% growth in revenue from operations, reaching ₹2,021 crore compared to ₹1,673 crore in the same period last year.

The increase in expenses, including a 19% rise in the cost of materials to ₹1,385 crore, a 72% rise in employee benefit expenses to ₹105 crore, and a 34% rise in other operating expenses to ₹203 crore, impacted the company’s profitability.

While the EBITDA grew by 14% year-on-year to ₹328 crore, the EBITDA margin for Q3 FY25 stood at 16%, down from 17% in Q3 FY24. Finance costs increased 3.5 times to ₹117 crore, and depreciation charges rose 64% to ₹87 crore, further affecting profit before tax, which grew by 38% to ₹124 crore compared to ₹201 crore in Q3 FY24.

About PCBL

PCBL Chemical Limited, a part of the RP-Sanjiv Goenka Group, is a leading manufacturer of carbon black, with a history of over six decades in the industry. It has grown to become the largest carbon black producer in India. The company focuses on performance materials and specialty chemicals, continually expanding in these sectors.

With a production capacity of 790,000 MT per annum, PCBL also generates 122 MW of green power. PCBL has five strategically located manufacturing plants across India and maintains R&D centres in both India and Belgium.

Share Price Performance

PCBL Chemical’s share price traded 0.66% higher at ₹365.60 at 12:22 PM on the NSE, opening at ₹365.55, up from its previous close of ₹363.20.

 

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.

Quadrant Future Tek’s share price surged 15.63%, trading at ₹513.40 at 11:30 AM on the BSE, after opening at ₹480.05, up from the previous close of ₹444. The stock reached an early high of ₹532.80 before cooling off to ₹474. Following a strong market debut on Tuesday, the stock has gained 85% from its issue price of ₹290 on the BSE.

IPO and Subscription Details

The company, which works on developing advanced train control and signalling systems under the Indian Railways’ KAVACH project, raised ₹290 crore through a completely fresh issue in its initial public offering. The offer had a price range of ₹275-290 per share.

The IPO was open for subscription from January 7-9, 2025, and saw an overwhelming subscription rate of 186.66 times.

Share Price Performance

On its debut day, the stock opened at ₹370 on the National Stock Exchange, reflecting a 27.6% gain over its issue price of ₹290.

On January 14, 2025, the stock ended at ₹448.75, up 54.74% on BSE, with a volume of 15.38 lakh shares, gaining 20% from its opening price of ₹374.

As the issue size exceeded ₹250 crore, the stock’s upper and lower circuit limits were set at 20% by the exchanges.

About Quadrant Future Tek

Quadrant FutureTek, formerly known as Quadrant Cables Private Limited, is a technology-driven company specialising in high-performance electronics and cable production. The company is certified to ISO/IRIS/TS Quality Management Systems and operates state-of-the-art manufacturing facilities in Mohali, Punjab.

 

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.

Power Finance Corporation’s share price rose by 2.37%, trading at ₹427.30 on the NSE at 10:00 AM. The stock opened at ₹424.30, up from its previous close of ₹417.30. It surged over 7% in yesterday’s session, ending a six-day losing streak.

Shares Rise on KSK Mahanadi Insolvency Resolution

As per news reports shares of PFC jumped after JSW Energy won the bid for KSK Mahanadi Power under the Insolvency and Bankruptcy Code. The total bid amount for the acquisition was ₹15,985 crore.

This positive development is also beneficial for creditors of KSK Mahanadi Power, which includes state-run financial institutions like PFC. The company owed ₹32,243 crore to creditors, with ₹29,400 crore owed to financial creditors. PFC’s exposure to KSK Mahanadi stands at ₹3,428 crore.

Q2 FY25 Financial Highlights

Power Finance Corporation (PFC) reported a net profit increase of 8.85% YoY, reaching ₹7,214.90 crore for Q2 FY25, driven by a 14.96% rise in total revenue, which stood at ₹25,721.79 crore.

The company’s total income grew 15.04% YoY, reaching ₹25,754.73 crore in the quarter ending September 2024. Profit before tax (PBT) rose by 8.57%, totalling ₹9,367.86 crore.

However, total expenses surged by 19.1%, amounting to ₹15,843.01 crore for Q2 FY25. Despite the increase in costs, PFC declared an interim dividend of ₹3.50 per share for FY25, subject to shareholder approval, with a record date of November 25, 2024.

About PFC

Power Finance Corporation (PFC) is a Non-Banking Financial Corporation (NBFC) in India, established on July 16, 1986. PFC specialises in providing financial support to the power sector, with a significant market share of around 20%. It is recognised for maintaining a healthy loan book and low levels of non-performing assets (NPAs) due to its robust evaluation and appraisal processes.

PFC also plays a key role in India’s energy infrastructure development by financing projects related to power generation, transmission, and distribution.

 

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 Technology Services is set to release its third-quarter results for fiscal 2025 today. As per news reports, L&T Technology is expected to report a 3% year-on-year drop in net profit, while revenues may see a 10% YoY growth in the third quarter.

L&T Technology Q3 Earnings Preview

As per news reports, L&T Technology is expected to report a 3% year-on-year drop in net profit, while revenues may see a 10% YoY growth in the third quarter.

Revenue growth is projected at 3.2% quarter-on-quarter in constant currency terms, driven by the sustainability and hi-tech sectors.

However, the mobility segment may see weak growth after consecutive strong quarters and broader industry challenges.

EBIT margin is expected to improve by 40 basis points QoQ to 15.5%, thanks to reduced sales and marketing expenses, partially offset by the impact of wage hikes. The company is likely to revise its revenue growth guidance to 7-8% for FY2025, as per news reports.

Q2 FY25 Financial Highlights

Larsen & Toubro (L&T) has reported a 5.4% year-on-year increase in its net profit, reaching ₹3,395 crore for the second quarter of FY25. The company anticipated stronger domestic orders for the remainder of FY25, following a slower start in the first two quarters.

Q2 earnings were supported by improved execution, although they were impacted by a one-time income recorded in the same period last year.

L&T’s new orders for the quarter totalled ₹80,045 crore, marking a 10% year-on-year decline, as domestic orders moderated. The company expected a rebound in the coming months. The company’s net sales increased by 20% year-on-year to ₹61,555 crore, with international revenues contributing ₹32,057 crore, or 52% of total sales.

The company also reported an EBITDA of ₹6,362 crore, reflecting a 13% increase from the previous year. L&T’s order book reached a record ₹5.1 trillion as of September 2024, with 40% from international markets.

The company maintained its full-year guidance, expecting 15% revenue growth and a 10% increase in order inflows.

Peer Performance

TCS, the IT giant, posted a revenue of ₹63,973 crore, reflecting a 0.4% decline quarter-on-quarter (QoQ) but a 5.6% increase year-on-year.

Meanwhile, HCL Tech saw a 3.6% QoQ and 5.1% YoY rise in revenue, reaching ₹29,890 crore. News reports attribute HCL’s growth to its product-driven expansion, while TCS’s revenue faced challenges due to a decrease in contributions from the BSNL deal.

Share Price Performance

L&T Technology’s share price traded 0.71% higher at ₹4,740.05 at 9:20 AM on the NSE. The stock opened at ₹4,717 higher than ₹4,706 at its previous close.

 

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.

CESC declared a dividend of ₹4.50 per share, announced on January 10, 2025. The ex-dividend date for shareholders to be eligible for the payout is set for tomorrow, January 16, 2025.

Corporate Action History

CESC has consistently declared interim dividends of ₹4.50 per share in recent years. The company announced the latest dividend of ₹4.50 on January 10, 2025, with the ex-dividend date set for January 16, 2025.

Similar interim dividends of ₹4.50 were declared on January 19, 2024, and February 14, 2023. The company had also declared a ₹4.50 interim dividend on January 13, 2022, with the ex-date on January 24, 2022.

Q3 FY25 Financial Highlights

CESC Ltd reported a 6.3% year-on-year decline in its consolidated net profit, posting ₹282 crore for the December quarter of FY25, compared to ₹301 crore in the same period of the previous year.

The company’s total income increased by 10.8% to ₹3,657 crore, up from ₹3,301 crore a year ago. Expenses rose to ₹3,595 crore, up from ₹3,497 crore in the previous year.

About CESC

CESC Ltd, a part of the RP-SG Group, is India’s first fully integrated electrical utility company, established in 1899. It generates and distributes power in Kolkata and Howrah, serving 3.4 million consumers.

The company operates two thermal power plants with a total capacity of 885 MW, and also sources electricity from its Haldia plant. CESC is involved in renewable energy with solar power plants in Gujarat and Tamil Nadu, and operates an extensive distribution network across various voltage levels.

Share Price Performance

CESC’s share price traded 1.58% higher at ₹156.12 at 11:00 AM on the NSE, opening at ₹156.16, up from its previous close of ₹153.69. The stock had gained over 1% yesterday, ending a four-day losing streak.

 

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 Tuesday, January 14, 2025, the Indian benchmark indices Sensex gained by 169.62 points, or 1.22%, to close at 76,499.63, while the Nifty 50 surged by 90.10 points, or 0.39%, ending at 23,176.05. Check out a few stocks that might be in focus during the trading session on Wednesday.

• Hindustan Zinc

Hindustan Zinc, a subsidiary of the Vedanta Group, has been imposed with penalties totalling ₹92.55 crore by the Deputy Commissioner of State Tax in Udaipur. The penalties consist of ₹41.11 crore for the fiscal year 2018-19 and ₹51.45 crore for 2019-20, along with a tax demand and accrued interest. The issue revolves around the input tax credit under Section 17(5) of the GST Act. The orders were issued on January 13, 2025.

• Adani Green 

Adani Green, the largest renewable energy company in India, announced an increase in its total operational renewable capacity to 11,666.1 MW after launching a 57.2 MW wind power project in Khavda, Gujarat. The project, developed by Adani Renewable Energy Forty Eight Ltd, a subsidiary of AGEL, is part of a wind-solar hybrid initiative. The decision to begin operations was finalised on January 14, 2025.

• Optiemus Infracom

Optiemus Infracom, a company involved in electronics manufacturing and telecom product marketing, revealed that its fully owned subsidiary, Optiemus Unmanned Systems Private Ltd, has formed a strategic alliance with Taiwan’s KunWay Technology to produce drones in India. Through this partnership, Optiemus Unmanned Systems will focus on localising, manufacturing, and distributing a variety of KunWay’s drone products designed specifically for the Indian market.

• Sula Vineyards 

Sula Vineyards, India’s leading wine producer, shared its business update for Q3 FY25, reporting net revenue of ₹217.3 crore, a slight decline of 0.7% compared to ₹219 crore in the same quarter last year. The company’s wine tourism segment performed exceptionally well, achieving a record quarterly revenue of ₹16.4 crore, reflecting an 11.5% year-on-year growth.

• Allcargo Gati

Allcargo Gati, a leading express distribution and supply chain company, shared its business performance for December 2024. The company reported a total volume of 113 kilotonnes (kt) for the month, which includes both surface and air express operations. This marks an 8% year-on-year (YoY) growth from 105kt in December 2023. Additionally, the monthly volume saw a 10.8% increase compared to 102kt in November 2024.

• Shoppers Stop

Shoppers Stop, a retail chain, reported a 41.5% year-on-year (YoY) increase in net profit, reaching ₹52.2 crore for the third quarter ending December 31, 2024. In the same quarter last year, the company had posted a net profit of ₹36.9 crore. Revenue from operations rose by 11.5%, reaching ₹1,379.5 crore compared to ₹1,237.5 crore in Q3 of FY24.

 

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.

Last week, SBI’s market valuation fell by ₹44,935 crore and HDFC Bank’s by ₹70,479 crore, reflecting a weak market trend. Reliance, ICICI, and others also saw significant losses, while a few companies gained.

Factors Behind the Broader Market Slump

The Indian benchmark indices, NSE Nifty 50 and BSE Sensex experienced significant volatility in the week ending January 10, 2025. The week began with intense selling on January 6, 2024, with Nifty 50 and Sensex falling by 1.62% and 1.59%, respectively.

This decline was mainly triggered by rising HMPV cases, foreign portfolio investor (FPI) selling, and speculation around Donald Trump’s potential return to the White House. While the market saw a recovery on January 7, the downward trend resumed in the following days, with Nifty 50 hitting its lowest point of the week at 23,346.15 on January 10.

How Major Banks Fared Last Week

India’s largest government lender, State Bank of India (SBI), saw its market capitalisation decline by ₹44,935.46 crore, bringing its total value to ₹6,63,233.14 crore.

HDFC Bank also experienced a significant loss, with its market value shrinking by ₹70,479.23 crore to ₹12,67,440.61 crore.

This slump mirrors the broader downturn in the domestic equity market, where the BSE benchmark dropped 1,844.2 points (2.32%) and Nifty fell 573.25 points (2.38%).

Gainers and Losers in Valuation

Other companies like Reliance Industries, ICICI Bank, and ITC also faced valuation losses, while firms such as TCS, Bharti Airtel, Infosys, Hindustan Unilever, and HCL Technologies managed to gain during the week.

Banks’ Share Price Performance Today

As of January 14, 2025, major banks are showing positive movements in their stock prices. State Bank of India is trading at ₹748.10, up by ₹18.60 or 2.55%. HDFC Bank has seen a moderate gain, rising ₹14.70 to ₹1,645.55, reflecting a 0.90% increase.

Meanwhile, ICICI Bank has also shown an upward trend, gaining ₹9.15 to ₹1,238.90, marking a 0.74% rise.

 

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.

Mazagon Dock Shipbuilders (NSE: MAZDOCK) announced that it has initiated the keel laying of a training ship for the Indian Coast Guard. The project, worth ₹310 crore, will feature dual-class vessels and is expected to be delivered by December 2026.

Project Details

Mazagon Dock Shipbuilders Ltd. (MDL), a Navratna DPSU, began production on a training ship for the Indian Coast Guard (ICG) on April 26, 2024. The keel was laid on January 13, 2025, marking a key milestone in the project.

MDL signed a contract with the ICG to design, build, and deliver the training ship, which is valued at ₹310 crore. The ship will be powered by two diesel engines, achieving speeds in excess of 20 knots, and will accommodate 223 personnel, including 70 under-trainee officers and 46 training staff.

The vessel will be classified under Dual Class (ABS & IRS). The ship will serve as a key training platform for Coast Guard trainee officers, offering sea training and practical exposure to life at sea. The vessel is expected to be delivered in December 2026.

Recent Business Development

Mazagon Dock Shipbuilders Limited delivered the sixth Scorpene-class submarine, Vaghsheer, to the Indian Navy as part of Project P-75.

The Vaghsheer, launched on April 20, 2022, has undergone extensive testing to ensure it meets the highest standards of combat readiness. It is set to be commissioned into the Indian Navy as INS Vaghsheer.

The Vaghsheer is equipped with state-of-the-art stealth technology, ensuring superior operational capabilities with reduced underwater noise and advanced weapons launch systems, such as torpedoes and anti-ship missiles.

This delivery further strengthens India’s defence infrastructure and the Indian Navy’s underwater warfare capabilities.

Share Price Performance

On January 14, 2025, Mazagon Dock Shipbuilders’ share price rose by 6.83%, trading at ₹2,166.90 at 1:10 PM on the NSE. The stock opened at ₹2,057.80, higher than its previous close of ₹2,028.30. This uptick comes after the stock had dropped by 8.76% from January 10 to January 13.

 

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.

Waaree Energies’ share price rose by 4.91% to ₹2,609.25 at 12:25 PM on the NSE. The stock opened at ₹2,520, up from its previous close of ₹2,487.20. However, the stock had experienced a 7.81% decline between January 8 and January 13, 2025.

What is Driving the Stock Price Rally?

On January 10, 2025, Waaree Energies Limited announced a significant move to expand its renewable energy footprint by entering into a Share Purchase Agreement (SPA) with Enel Green Power Development S.r.l.

The agreement, valued at up to ₹792 crore, is aimed at acquiring 100% of the shares of Enel Green Power India Private Limited (EGPIPL), the Indian arm of one of Europe’s largest renewable energy companies.

Strategic Goals and Impact

The acquisition is a strategic move to diversify Waaree Energies’ revenue streams and significantly enhance its capability to execute large-scale wind energy projects. It will also help accelerate the growth of the company’s Independent Power Producer (IPP) business.

Waaree Energies has made it clear that the focus is on expanding and optimising its renewable energy capabilities, especially in the wind sector.

The transaction is set to close within the next three months, subject to the fulfilment of the customary conditions precedent, including necessary approvals from lenders.

As per the deal, Waaree Energies will pay a cash consideration, with the final amount dependent on customary closing adjustments.

EGPIPL’s Background 

EGPIPL, with its robust operational portfolio, brings a proven track record in India’s renewable energy market. Over the past few years, the company has posted revenue from operations of ₹112 crore in FY24, ₹266 crore in FY23, and ₹129 crore in FY22.

Notably, the turnover for the previous years excludes revenue from joint ventures with partners. With its strong presence in solar and wind energy, EGPIPL is poised to contribute significantly to Waaree’s growth strategy in the renewable energy sector.

 

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.