Adani Green Energy Limited’s stock saw a significant rally, reaching a high of ₹1,012.80, up 13.36% at 11:45 AM on the NSE. The stock opened at ₹898.05, surpassing the previous close of ₹889.75. This upward movement follows a four-session losing streak, during which the stock had declined by nearly 10%.

What is Driving the Stock Price Rally?

Adani Green Energy received support from a recovery in the broader indices, coupled with news reports about the Adani Group’s fundraising plans, which boosted investor sentiment.

Adani Green Schedules Board Meeting for Q3 Results

Adani Green Energy informed the exchanges that the company’s Board of Directors will meet on Thursday, January 23, 2025, to review and approve the unaudited financial results for the quarter and nine months ending December 31, 2024.

Commissioning of New Renewable Projects 

Last month, Adani Green Energy Limited (AGEL) announced that it has successfully commissioned two major renewable energy projects in Gujarat, further boosting its operational capacity.

The first project, a 62.4 MW wind power component, was completed by Adani Renewable Energy Forty Eight Limited, a step-down subsidiary of AGEL, as part of its wind-solar hybrid project at Khavda, Gujarat.

In addition, Adani Green Energy Twenty Four A Limited, another step-down subsidiary, has successfully commissioned a 112.5 MW solar power project in the same region.

With the addition of these plants, AGEL’s total renewable generation capacity has now increased to 11,608.9 MW. The plants were operationalised at 7:37 PM on December 28, 2024, and began power generation on December 29, 2024.

 

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.

Avax Apparels and Ornaments Ltd shares debuted on the BSE SME platform at ₹133, a 90% premium to the issue price of ₹70. The company’s market valuation after listing is ₹14.51 crore.

On the listing day of January 14, 2025, Avax Apparels and Ornaments Ltd’s shares experienced significant price movement. The stock touched its upper circuit limit of ₹133.00 shortly after listing. As the trading session progressed, the price continued to climb, reaching a new upper circuit of ₹139.65 at 11:30 AM on BSE SME.

IPO and Subscription Details

The SME IPO, priced at ₹70 per share and totalling ₹1.92 crore, was open for subscription from January 7 to January 9. It offered 2.74 lakh shares through a fresh issue.

The offering received an impressive response, with a total subscription of 260 times. Specifically, the non-institutional investor (NII) category was oversubscribed by 140 times, while the retail segment saw a significant oversubscription of 372 times, according to exchange data.

The company intends to use the net proceeds to support its working capital needs and general corporate purposes.

Issue Management and Retail Investment Details

SKI Capital Services Limited served as the book-running lead manager and market maker for the Avax Apparels and Ornaments IPO, while Skyline Financial Services Private Ltd acted as the registrar for the offering.

Retail investors were required to subscribe for a minimum value of ₹1,40,000, which equates to 2,000 shares per lot.

About Avax Apparels

Avax Apparels and Ornaments Ltd is involved in two main business sectors: wholesale trading of knitted fabric and online retail of silver jewellery. The company sources knitted fabric directly from manufacturers and supplies it to companies and garment producers in Punjab, specialising in fabrics used for creating men’s and women’s jackets.

In addition to this, Avax Apparels also operates in the online silver jewellery market. The company capitalises on the growing demand for affordable silver jewellery in India, with a unique ability to replicate gold jewellery designs in silver.

 

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.

JSW Energy has secured a Letter of Intent for its resolution plan for the 3.6 GW KSK Mahanadi thermal power plant, adding 7.5 GW to its capacity. The deal awaits regulatory approval from NCLT and CCI, the company said in a press release on the stock exchange.

KSK Mahanadi Deal Details

JSW Energy announced receiving a Letter of Intent (LoI) for its resolution plan for the KSK Mahanadi Power Plant, a 3.6 GW thermal facility in Chhattisgarh. The plant, which includes both operational and under-construction units, is set to significantly boost JSW Energy’s generation capacity.

The deal follows approval from the Committee of Creditors and is subject to further regulatory clearances from the National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI).

This acquisition will help JSW Energy in achieving its long-term goal of reaching 20 GW in power generation by 2030, while also pushing forward its commitment to a net-zero emissions target by 2050.

Recent Business Development

JSW Energy has completed the acquisition of a 125 MW renewable energy portfolio from Hetero Group through its wholly-owned subsidiary, JSW Neo Energy Limited.

The portfolio includes wind energy assets located in Andhra Pradesh and Maharashtra, which are secured by long-term power purchase agreements (PPAs) and have a blended tariff rate of ₹5.22/KWh.

The assets also boast an average remaining plant life of approximately 15 years. This transaction is valued at an enterprise valuation of ₹630 crore.

This acquisition strengthens JSW Energy’s commitment to expanding its renewable energy footprint and advancing its goal of achieving a total power generation capacity of 20 GW by 2030.

Share Price Performance

JSW Energy’s share price traded 4.3% higher at ₹540 on the NSE at 9:30 AM, breaking a recent losing streak. The stock opened at ₹527, marking a slight rise from its previous close of ₹517.75. However, despite this uptick, the share price has experienced a notable drop of approximately 19.22% from ₹641.00 on January 2, 2025, to ₹517.75 on January 13, 2025.

 

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.

Torrent Pharmaceuticals has fixed February 1, 2025, as the record date for identifying eligible shareholders for an interim dividend, subject to approval at the board meeting on January 24, 2025.

Corporate Action History 

The company has declared several key dividends over the past two years. On January 12, 2024, an interim dividend of ₹22 was declared, with the record date set for February 12, 2024.

In 2023, an interim dividend of ₹14 was paid, with the record date on February 3, 2023. Additionally, the company declared final dividends in previous years: ₹8 per share on June 23, 2023, with a record date of May 30, 2023, and ₹6 per share on June 21, 2024, with a record date of May 24, 2024.

Q2 FY25 Financial Highlights

Torrent Pharmaceuticals reported a 17% year-on-year increase in consolidated net profit for the September quarter (Q2 FY25), reaching ₹453 crore, up from ₹386 crore in the same period last year.

The company’s revenue from operations grew by 9% year-on-year, totalling ₹2,889 crore in Q2 FY25, compared to ₹2,660 crore in Q2 FY24.

The company attributed some of the shortfall to a scheduled maintenance shutdown in August at its insulin manufacturing facility.

Torrent Pharma’s India business saw a 13% year-on-year growth, driven by strong performance in its focus therapies and a 14% growth in its chronic business. Operationally, the company reported an EBITDA of ₹939 crore, reflecting a margin of 32.5%.

Share Price Performance

Torrent Pharmaceuticals’ share price traded 0.11% higher at ₹3,238.85 on the NSE at 9:30 AM. The stock opened at ₹3,239.70, up from the previous close of ₹3,235.35.

 

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.

On Monday, January 13, 2025, the Indian benchmark indices Sensex dropped by 1,048.90 points, or 1.36%, to close at 76,330.01, while the Nifty 50 declined by 345.55 points, or 1.47%, ending at 23,085.95. Check out a few stocks that might be in focus during the trading session on Tuesday.

• HCL Technologies

HCLTech, the IT company, reported a 5.54% increase in its consolidated net profit, reaching ₹4,591 crore for the December quarter of the 2024-25 financial year, compared to ₹4,350 crore in the same period last year, as per a regulatory filing. The company’s revenue from operations for the quarter stood at ₹29,890 crore, marking a 5.07% growth from ₹28,446 crore in Q3 FY24.

• Adani Energy Solutions 

Adani Energy Solutions, the power transmission arm of the Adani Group, has released its business update for the third quarter. The company’s transmission network expanded to 26,485 circuit kilometers (ckm), reflecting a 29.7% year-on-year growth from 20,422 ckm. Its power transformation capacity rose to 84,286 MVA, compared to 54,661 MVA in the previous year.

• Delta Corp

Delta Corp, the online gaming company, reported a 3.5% increase in its net profit, reaching ₹35.7 crore for the third quarter ending December 31, 2024, compared to ₹34.5 crore in the same quarter of the previous year, as per a regulatory filing. However, the company’s revenue from operations declined by 7.5%, totalling ₹194.3 crore, down from ₹210.1 crore in the corresponding period last year.

• JSW Energy 

JSW Energy announced that it has been selected as the successful applicant for the resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. The company received a letter of intent (LoI) from the resolution professional after the Committee of Creditors approved the resolution plan.

• United Spirits

United Spirits, the liquor company controlled by Diageo, announced a leadership change on January 13 as part of its CEO succession plan. Hina Nagarajan, who has served as Managing Director and CEO for four successful years, will step down on March 31, 2025, to assume a new position within the Diageo Group. The board has appointed Praveen Someshwar as CEO-Designate, effective March 1, 2025.

• Zee Media

Zee Media, a private news broadcaster, announced that its board of directors has approved a plan to raise up to ₹400 crore through various instruments, such as equity shares, convertible bonds, debentures, warrants, preference shares, or foreign currency convertible bonds (FCCBs).

 

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 Infrastructure Limited has incorporated two new subsidiaries: Reliance MoEVing Pvt Ltd and Reliance GreenTech Mobility Pvt Ltd. These companies will operate in the automobile and related activities industry.

Incorporation Details

Reliance Infrastructure Limited officially announced the incorporation of two new subsidiaries on January 10, 2025.

The newly formed entities, Reliance MoEVing Private Limited and Reliance GreenTech Mobility Private Limited belong to the automobiles and related activities sector.

Although the companies are newly incorporated, they have yet to commence their business operations. The announcement was made in line with the company’s regulatory requirements under Regulation 30 of SEBI.

Reliance Velocity Limited, a subsidiary of Reliance Infrastructure, holds a 1% shareholding in each of the newly incorporated entities. The move reflects Reliance Infrastructure’s continued expansion and strategic development in the evolving automotive industry.

Q2 FY25 Financial Highlights

In the second quarter of FY25, Reliance Infrastructure reported a year-on-year (YoY) increase in total revenue, which grew by 1.7% from ₹7,136.81 crore in the quarter ending September 2023 to ₹7,258.49 crore in September 2024. This rise was driven by a modest uptick in revenue generation.

The company’s total operating expenses saw a notable decrease of 51.38%, dropping from ₹6,881.79 crore in July-September 2023 to ₹3,346.23 crore in July-September 2024.

This reduction was largely due to a decrease in other operating expenses, which fell by 52.22% YoY, from ₹1,268.05 crore in Q2 FY24 to ₹1,930.25 crore in Q2 FY25.

Significantly, the company turned a profit, reporting a net income of ₹4,082.53 crore for the quarter ending September 2024, a sharp recovery compared to the loss of ₹294.06 crore recorded in the same period last year.

Share Price Performance

Reliance Infrastructure’s share price traded 5% lower at ₹277.55 at 2:50 PM on the NSE. The stock opened at ₹288.35, down from its previous close of ₹292.15.

 

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.

Mangalam Global Enterprises is conducting a board meeting today, January 13, 2025, to consider a stock split and other business matters. The trading window is closed in compliance with regulations.

Corporate Action History 

Mangalam Global Enterprises previously implemented a 1:5 stock split on June 16, 2022, and declared two dividends: ₹0.02 on May 15, 2023, and ₹1 on April 29, 2022.

The company has a history of rewarding its shareholders with dividends. On May 15, 2023, the company announced a final dividend of ₹0.02 per share, which was ex-dividend on August 8, 2023.

Before that, the company declared a final dividend of ₹1 per share on April 29, 2022, with an ex-dividend date of July 14, 2022. These dividends reflect the company’s commitment to providing returns to its investors.

Q2 FY25 Financial Highlights

Mangalam Global Enterprises has reported its Q2 results for the fiscal year 2024, showing a mixed performance compared to both the previous quarter and the same period last year. Total revenue for the quarter stood at ₹562.62 crores, marking a decline of 17.26% from ₹679.97 crores in June 2024.

However, on a year-on-year basis, the company witnessed a robust growth of 27.75%. Operating expenses were reduced by 17.74% compared to the previous quarter, totalling ₹550.81 crores, which helped boost the operating income by 13.79% to ₹11.81 crores.

Net income for Q2 FY24 decreased by 7.36%, reaching ₹5.57 crores compared to ₹6.01 crores in the previous quarter, but showed a remarkable 488.24% increase when compared to the same period last year.

Share Price Performance

Mangalam Global Enterprise’s share price traded 6.92% lower at ₹26.63 at 1:30 PM on the NSE. The stock opened at ₹28.31, down from its previous close of ₹28.61.

 

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.

Hindustan Unilever (HUL) has acquired Kwality Wall’s (India) Ltd., incorporated on January 10, 2025, as part of HUL’s strategic move to restructure its ice cream business, currently under evaluation by the company’s board, the company said in a press release on the stock exchanges.

HUL’s Acquisition Details 

Hindustan Unilever (HUL) has completed the acquisition of Kwality Wall’s (India) Ltd. (KWIL) as part of its restructuring plan for its ice cream business. The acquisition was disclosed in an announcement on January 10, 2025, and forms part of HUL’s strategy to demerge its ice cream business, a move currently under consideration by the company’s board.

Kwality Wall’s (India) Ltd. was incorporated on January 10, 2025, with the primary objective of manufacturing, marketing, distributing, and selling ice creams, frozen desserts (both dairy and non-dairy), frozen snacks, frozen vegetables, and processed foods.

The acquisition will enable HUL to streamline its ice cream operations and bolster its position in the fast-moving consumer goods (FMCG) sector.

As of the latest disclosure, the acquisition is not categorised as a related-party transaction. Furthermore, the deal does not require any governmental or regulatory approvals, and it will be executed in a single tranche, with cash as the consideration.

Q2 FY25 Financial Highlights

Hindustan Unilever (HUL) reported a 4% decline in standalone net profit for Q2 FY25, dropping to ₹2,612 crore from ₹2,717 crore in the same quarter last year. However, the company saw a slight increase in its revenue from operations, which rose by 2% to ₹15,319 crore compared to ₹15,027 crore in the previous year.

Despite the drop in profits, HUL declared an interim dividend of ₹29 per equity share for the period. This announcement follows a challenging quarter for the FMCG sector, with factors such as high raw material costs and slow recovery in rural demand affecting overall performance.

Share Price Performance

Hindustan Unilever’s share price traded 0.43% lower at ₹2,431.65 at 12:40 PM on the NSE, breaking a four-session gaining streak. The stock opened at ₹2,417.05, down from its previous close of ₹2,442.05.

 

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.