Jio Financial Share Price Slips 3%; Down for the 4th Straight Session

Jio Financial Services share price traded 3.90% lower at ₹269.90 at 12:15 PM on the NSE. The stock opened at ₹277.80 lower than ₹280.55 at the previous close. The stock has lost more than 10% over the past 4 days.

Jio Financial Services to Declare Q3 Results

Jio Financial Services has scheduled its board meeting for Friday, January 17, 2025, to review and approve the company’s standalone and consolidated unaudited financial results for the third quarter and the 9 months ending December 31, 2024.

The announcement was made in a filing to the exchanges on January 10, 2025. As per the filing, the board meeting will also include a presentation to analysts detailing the financial results for the period.

This meeting is part of the company’s compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements, the company said in a press release on the stock exchanges.

Q2 FY25 Financial Highlights

Jio Financial Services posted a 3.1% rise in consolidated net profit, reaching ₹689 crore compared to ₹668 crore in the same quarter last year. On a sequential basis, net profit grew by 120%, from ₹312.63 crore in the June quarter.

The company reported a 14% increase in revenue from operations for Q2, amounting to ₹693.5 crore, up from ₹608.04 crore in the same quarter of the previous fiscal year. However, total expenses more than doubled to ₹146 crore in the September quarter, compared to ₹71 crore in the same period last year.

Share Price Performance

Jio Financial Services shares have underperformed recently, declining 17% over the past month. In the last 3 months, the stock has dropped by 18%, and over the past six months, it has fallen by 20%. However, the stock has seen a 16% gain over the past 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.

Indobell Insulation Makes Strong Debut, Lists at 90% Premium on BSE SME

Indobell Insulation shares debuted at ₹87.40 on the BSE SME platform, reflecting a 90% premium over the IPO issue price of ₹46. The Indobell Insulation share price thereafter gained further hitting the 5% upper circuit. The IPO was oversubscribed 54 times, and the company aims to use proceeds for expansion.

Indobell Insulation’s Strong IPO Debut

Indobell Insulation shares made a remarkable debut on the BSE SME platform on January 13, 2025, listing at ₹87.40 per share, a 90% premium over its IPO price of ₹46. Investors who participated in the IPO gained ₹41.40 per share upon listing.

Oversubscription and Fund Utilisation

The IPO, consisting of a fresh issue of 22,05,000 equity shares, received overwhelming investor demand.

By the final day of bidding, January 8, 2025, the Indobell Insulation IPO was subscribed 54.13 times in total. The retail category saw a subscription of 52.37 times, while the NII category was subscribed 51.31 times.

The company plans to utilise the funds raised for capital expenditure, including the purchase of additional plant and machinery, as well as for meeting working capital requirements and general corporate purposes.

About Indobell Insulation 

Founded in May 1972, Indobell Insulation manufactures a variety of insulation products for residential, commercial, and industrial applications. The company operates manufacturing facilities in West Bengal and Maharashtra and primarily caters to the power industry with services such as insulation, surface protection, and fire protection.

Share Price Performance

At 11:50 AM on January 13, 2025, Indobell Insulation’s share price hit the upper circuit limit of 5%, trading at ₹91.77 on the BSE SME. On its debut day, the stock fluctuated between circuits, reaching a high of ₹91.77 and a low of ₹83.03 until noon.

 

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.

USD/INR: Rupee Slips to Record Low Past 86 Mark Amid Hawkish Fed Outlook

On January 13, 2025, the Indian rupee traded up at 86.31 to the U.S. dollar, against 85.97 at the previous close. The rupee had hit a record low of 85.97 against the dollar on Friday, surpassing its previous record low of 85.86 hit earlier last week.

Rupee Drops to Record Low as Dollar Strengthens

The dollar index soared to a 2 year high, nearing 110, while the 10-year U.S. yield hit a 14-month peak yesterday.

The dollar’s strength is bolstered by strong U.S. economic data, with employers adding 256,000 jobs last month, well above the expected 160,000. Additionally, the unemployment rate unexpectedly dropped to 4.1%.

According to reports, this data is likely to lower the chances of near-term Fed rate cuts. In addition to U.S. economic data, the dollar is receiving support from the potential tariffs that U.S. President-elect Donald Trump is expected to impose on other nations.

Important U.S. Economic Events Ahead

Investors are keeping a close eye on important events ahead, such as the U.S. Inflation data on January 15, 2025 , and President-elect Donald Trump’s inauguration on January 20, 2025.

Brent Crude Oil Gains

Oil prices continued to climb for a third consecutive session on Monday, with Brent surpassing $81 per barrel, reaching its highest level in over 4 months.

This rise is attributed to expectations that broader U.S. sanctions will impact Russian crude exports to major buyers like China and India. The Brent crude futures traded 1.63% higher, to $81.05 on Monday.

Meanwhile, the Indian stock market remained under pressure as foreign investors sold a net $818.5 million worth of Indian shares on January 10, according to NSDL data.

 

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

Reliance Power Shares in Focus; Anil Ambani, Jai Anmol to Reclassify as Public Shareholders

Anil Ambani and Jai Anmol, prominent figures in the Reliance Group, have decided to reclassify as public shareholders in Reliance Power and Reliance Infrastructure, as per news reports.

Shareholding Restructure Details

Reliance Power Ltd. and Reliance Infrastructure Ltd., both led by Anil Ambani, have announced plans to alter the shareholding status of key stakeholders. The reclassification will see Group Chairman Anil Ambani and his son, Jai Anmol Ambani, stepping down from their roles as promoters.

Current Shareholding Details

As of September 2024, Anil Ambani holds 1,39,437 shares in Reliance Infrastructure and 4,65,792 shares in Reliance Power, while Jai Anmol holds 1,25,231 shares in Reliance Infrastructure and 4,17,439 shares in Reliance Power. This reclassification is a significant change in the ownership structure of both companies.

Regulatory Compliance and Approvals

Reliance Power and Reliance Infrastructure have sought approvals from the Bombay Stock Exchange and the National Stock Exchange of India for the reclassification.

The companies have confirmed that the move aligns with legal requirements, including SEBI norms, which stipulate that promoters reclassified as public shareholders must not hold voting rights exceeding 10% of the company’s equity.

Share Price Performance

Reliance Power’s share price traded 0.97% lower at ₹38.60 on the NSE at 9:50 AM, marking its sixth consecutive day of decline. The stock opened at ₹38.39, down from the previous close of ₹38.98, and has lost nearly 17% since January 3, 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.

ITC’s Share Price in Focus; Allots 125.11 Crore Shares of ITC Hotels to Shareholders

ITC Hotels allocates 125.12 crore shares to its shareholders, following the Scheme of Arrangement. ITCHL ceases to be a subsidiary of ITC Limited, effective 11th January 2025. Listing applications to follow, the company said in a press release on the stock exchange.

ITC Hotels Allots Shares, Exits Subsidiary

The Board of Directors of ITCHL, at the meeting held on January 11, 2025, allotted around 125.11 crore equity shares of ₹1 each to the shareholders of the company as of the record date, January 6, 2025.

This allotment is pursuant to the Scheme of Arrangement between ITC Limited, ITCHL, and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013. As a result of this allotment, ITCHL has ceased to be a subsidiary of ITC Limited, effective January 11, 2025.

Additionally, ITCHL will make the necessary application for the listing of its equity shares, and these shares will remain frozen until the listing or trading permission is granted by the Stock Exchanges.

As part of the demerger deal, ITC will retain 40% of the hotel’s shareholding, and the remaining 60% will be equally distributed among existing ITC shareholders.

ITC Q2 Financial Performance

ITC Ltd. reported strong financial performance for Q2 FY25, with a net profit of ₹5,078.34 crore, reflecting a 3% year-on-year (YoY) increase. The company’s revenue stood at ₹20,359.95 crore, marking a 16% YoY growth. EBITDA for the quarter was ₹6,335.2 crore, showing a 4.9% increase, while the margin reached 32.8%.

Share Price Performance

ITC’s share price traded 2.23% lower at ₹435 on the NSE at 9:30 AM, marking a second consecutive session of decline. The stock opened at ₹435, down from its previous close of ₹444.90, after registering a 1.16% drop in the previous trading session.

 

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.

Stocks To Watch Today on January 13, 2025: Avenue Supermarts, Waaree Energies and More in Focus

On Friday, January 10, 2025, the Indian benchmark indices Sensex dropped by 241.30 points, or 0.31%, to close at 77,378.91, while the Nifty 50 declined by 95 points, or 0.40%, ending at 23,431.50. Check out a few stocks that might be in focus during the trading session on Monday.

  • Avenue Supermarts

Avenue Supermarts’ net profit increased by 4.8% to ₹723.7 crore, while revenue rose by 17.7% to ₹15,973 crore, according to the business update. EBITDA grew by 8.7% to ₹1,217.3 crore, with the EBITDA margin decreasing to 7.6% from 8.3% last year. Anshul Asawa will take on the role of CEO Designate starting March 15, 2025.

  • Waaree Energies 

Waaree Energies is set to acquire the entire 100% stake in Enel Green Power India from Enel Green Power Development for ₹792 crore.

  • Biocon

The USFDA has classified Biocon’s arm, Biocon Biologics’ facility in Johor, Malaysia, as Voluntary Action Indicated (VAI) following a cGMP inspection conducted from September 15 to 27, 2024.

  • Sunteck Realty 

Sunteck Realty reported a 40% rise in pre-sales for the third quarter, reaching ₹635 crore, compared to the previous year. However, collections saw a 23.3% decline year-on-year, totalling ₹336 crore.

  • Adani Wilmar

Adani Wilmar has announced that Adani Commodities will exercise the oversubscription option in the OFS to acquire an additional 1.51% stake, with the OFS set to open for retail investors on Monday.

  • Signature Global

Signature Global is set to purchase a 16.12-acre land parcel in Gurugram, which offers a total potential developable area of approximately 2.73 million square feet.

 

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.

Best Logistics Stocks in January 2025: Transport Corporation, Blue Dart- Based on 5 Yr CAGR

As we move into January 2025, the logistics sector in India remains a key contributor to economic growth, driven by the increasing demand for goods transportation, the expansion of e-commerce, and ongoing infrastructure development.

With India’s growing middle class, advancements in digital infrastructure, and rising international trade, the logistics industry is positioned for sustained growth. According to an EY report titled ‘India@100’, India’s GDP is expected to reach approximately US$ 26 trillion by 2047-48.

The transportation and logistics sector will play a crucial role in supporting the country’s ambitious growth objectives, and over the next 25 years, this industry will be vital to enabling India’s economic expansion.

In this evolving landscape, let’s take a look at logistics companies that have shown strong performance, particularly those leading the way with the best 5-year CAGR.

Best Logistics Stocks in January 2025 – Based on 5-Yr CAGR

Name Market Cap (₹ Cr) 5Y CAGR (%) Debt to Equity PE Ratio
Transport Corporation of India Ltd 8,103.95 31.25 0.1 23.1
Blue Dart Express Ltd 15,637.78 23.99 0.78 51.95
GKW Ltd 1,457.17 27.93 0 105.13
Container Corporation of India Ltd 46,196.70 6.19 0.08 36.65
Allcargo Logistics Ltd 4,534.56 20.02 0.7 30.29

Note: The list of best logistics stocks here is sorted based on their 5Y CAGR, as of January 10, 2025.

Overview of the Best Logistics Stocks in January 2025

  • Transport Corporation of India Ltd

Transport Corporation of India Ltd. (TCI) is a leading provider of integrated supply chain and logistics solutions, offering a wide range of services to optimise logistics operations across various industries.

For Q2 FY25, TCI reported a profit after tax of ₹1,073 million, reflecting a significant 22.2% increase compared to ₹878 million in the same quarter of the previous year.

Key metrics:

  • Earning per Share (EPS): ₹45.17
  • Return On Equity (ROE): 18.61%

 

  • Blue Dart Express Ltd

Blue Dart Express Ltd is South Asia’s premier integrated express air and logistics company, offering secure and reliable delivery services across over 55,400 locations in India.

For Q2 FY25, Blue Dart reported a revenue of ₹1,457.13 crore, marking a 9.58% increase compared to the same period last year. However, the company’s net profit declined by 13.99% to ₹62.84 crore, with a net profit margin of 4.31%.

Key metrics:

  • EPS: ₹126.86
  • ROE: 23.64%

 

  • GKW Ltd

GKW Ltd, formerly known as Guest Keen Williams Limited, is a leading provider of integrated warehousing and logistics solutions in Kolkata.

For the quarter ending September 30, 2024, GKW Ltd. reported net sales of ₹14.50 crore, a 26.2% year-on-year increase from ₹11.49 crore in September 2023. However, net profit decreased to ₹6.69 crore from ₹7.09 crore in the same period last year.

Key metrics:

  • EPS: ₹23.23
  • ROE: 0.61%

 

  • Container Corporation of India Ltd

Container Corporation of India Ltd (CONCOR) is a Navratna public sector undertaking under the Ministry of Railways, specialising in multi-modal logistics for containerised cargo and trade.

In Q2 FY25, the company’s revenue from operations rose by 8.78% QoQ to ₹2,287.75 crore, while its net profit declined by 0.53% YoY. The company experienced a 4.23% YoY growth in revenue for the period.

Key metrics:

  • EPS: ₹20.69
  • ROE: 10.38%

 

  • Allcargo Logistics Ltd

Allcargo Logistics, a global leader in LCL consolidation and one of India’s prominent logistics providers offers end-to-end logistics solutions.

In Q2 FY25, Allcargo Logistics reported a net sales increase of 79.43% to ₹689.80 crore and a remarkable 161.04% rise in net profit to ₹36.99 crore. The company’s EBITDA also saw a 28.02% growth, reaching ₹30.66 crore in September 2024.

Key metrics:

  • EPS: ₹1.31
  • ROE: 5.22%

 

Conclusion

Logistics stocks may present strong growth opportunities, especially with the expanding global supply chain and e-commerce sectors. However, investors should carefully assess their investment goals and risk appetite, as the logistics industry is impacted by factors like fuel prices, economic cycles, and regulatory changes. Consulting a financial advisor before making investment decisions is recommended to navigate the potential risks and rewards.

 

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.

Factoring in Hidden Costs: Why Property Purchases Could Be Pricier Than You Think

When purchasing property, it’s easy to focus on the listed price and forget about the additional costs that quickly add up. From stamp duties to registration fees, not to mention legal and administrative expenses, these hidden costs can increase the total cost of your property by as much as 12%.

Understanding and budgeting for these expenses is essential to avoid any unpleasant surprises, ensuring that your financial plans stay on track while making a significant investment.

Let’s take a look at the list of expenses involved in property purchases.

The Hidden Costs of Buying Property

  • The Weight of Stamp Duty

Stamp duty is a tax levied by state governments on legal property documents, usually during the purchase, sale, or transfer of immovable property. In key metro cities, stamp duty rates on property transactions vary. In Mumbai and Delhi, the rate is 6% of the property value, while Bengaluru offers a slightly lower rate of 5%. Kolkata also levies 6% on the property value.

These rates contribute significantly to the overall cost of property transactions and are subject to periodic revisions by state authorities. Stamp duty is the most significant cost that varies across states, with some regions charging up to 9.9%. These taxes are non-negotiable and need to be planned for separately.

  • Registration and Miscellaneous Fees

In addition to stamp duty, some cities impose extra charges like transfer duty or metro cess. For example, Mumbai applies a 1% metro cess, and Bengaluru charges a 10% cess. This cess is calculated based on the stamp duty rate.

For instance, on a property priced at ₹60 lakh, the buyer would pay ₹3 lakh in stamp duty at 5%, plus ₹30,000 as cess on the stamp duty amount. This cess applies to both ready-to-move and under-construction properties.

  • Legal and Administrative Costs

Government charges aren’t the only expenses to consider when purchasing a property. You will also incur voluntary yet essential costs, such as brokerage fees (typically 1% of the property value), hiring a professional for property verification, and paying for a document writer to prepare the sale deed.

For instance, brokerage fees on a property worth ₹50 lakh can amount to ₹50,000. Where as legal charges for property document verification may be on the higher side, depending on the complexity of the transaction. These additional costs are necessary for a smooth transaction and can significantly add to the total expenses.

  • GST on Under-Construction Properties

While under-construction properties can save you from additional costs like brokerage or legal fees, they come with a steep 5% Goods and Services Tax (GST). This tax is included in the property cost when the developer obtains the occupancy certificate, which is not applicable for resale properties. As a result, the total additional expenses on under-construction properties can easily exceed 9%-10% of the property’s value.

Know What Your Loan Covers

When taking out a home loan, it’s essential to understand that the loan amount typically covers only the property’s value, usually 75%-90%, but not the additional costs. Expenses like stamp duty, registration fees, legal and property verification charges, and documentation are not financed by the bank. Proper budgeting for these extra expenses ensures that buyers are not unprepared during the property purchase process.

 

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.

India’s Forex Reserves Drop $5.69 Billion to $634.58 Billion as of Week Ending January 3, 2025

India’s foreign exchange reserves dropped by $5.69 billion to $634.58 billion as of week ending January 3, 2025, the Reserve Bank of India said on Friday. The reserves have been on a declining trend for the last few weeks.

Weekly Decline in Forex Reserves

The country’s forex reserves had dropped by $4.1 billion for the week ending December 27 and had settled at $640.27 billion. The decline has been attributed to revaluation and the Reserve Bank of India’s interventions in the foreign exchange market to curb rupee volatility.

According to news reports, the RBI often steps in to manage market liquidity, including selling dollars, to prevent a sharp decline in the rupee’s value.

Decline in Foreign Currency Assets

For the week ending January 3, foreign currency assets, which constitute a significant portion of the reserves, fell by $6.441 billion to $545.48 billion, according to data released on Friday.

In dollar terms, foreign currency assets account for the impact of fluctuations in the value of non-U.S. currencies, such as the euro, pound, and yen, held within the foreign exchange reserves.

Gold Reserves See Growth

Gold reserves rose by $824 million, reaching $67.092 billion during the week, according to the RBI.

The Special Drawing Rights (SDRs) declined by $58 million, totalling $17.815 billion, as reported by the central bank.

India’s reserve position with the IMF fell by $18 million, amounting to $4.199 billion for the week, the RBI data revealed.

 

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

Stocks That Hit Circuit Limits On January 10, 2025, Adani Wilmar, Spandana Sphoorty and More

On January 10, 2025, BSE Sensex closed 0.31% lower at 77,378.91, while Nifty50 slipped 0.4% to 23,431.50. Amidst the market downturn, stocks like Adani Wilmar, and Spandana Sphoorty Financial hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on January 10, 2025

Company Name LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
Adani Wilmar 291.1 -10 10 171.45 504.56
Spandana Sphoorty Financial 405.8 -9.99 10 30.16 126.86
EPACK Durable 568.45 -5 5 16.34 93.35
Shyam Metalics and Energy 786 0.09 20 11.89 92.37
Shakti Pumps (India) 1,265.00 -1.44 5 6.83 86.6

Stocks That Hit Upper Circuit on January 10, 2025

Company Name LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
Reliance Infrastructure 292.4 1.86 5 34.32 101.09
Exicom Tele-Systems 257.9 -1.79 5 13.07 34.52
KN Agri Resources 280 1.74 5 12.65 33.6
C2C Advanced Systems 938.45 5 5 3.16 29.66
Indo Thai Securities 1,731.35 5 5 0.42 7.32

Overview of Companies Hitting Circuits Today

  • Adani Wilmar

Adani Wilmar Limited experienced a sharp decline in its stock price, falling by ₹32.35 or 10% to close at ₹291.10. The stock opened at ₹294.00 and reached a high of ₹301.60. However, it failed to maintain the gains and slid to a low of ₹291.10, reflecting significant weakness throughout the session.

  • Spandana Sphoorty Financial

Spandana Sphoorty Financial Limited saw a notable drop of ₹45.05 or 9.99%, closing at ₹405.80. The stock opened at ₹450 and hit the day’s high of ₹450. However, it sharply declined to ₹405.80, marking a substantial drop from its earlier levels during the session.

  • Reliance Infrastructure

Reliance Infrastructure Limited saw a positive movement, rising by ₹5.35 or 1.86% to close at ₹292.40. The stock opened at ₹287.00, and after reaching a low of ₹283.80, it surged to a high of ₹301.40, showing a strong recovery and positive momentum towards the end of the trading day.

  • Exicom Tele-Systems

Exicom Tele-Systems Limited experienced a decline of ₹4.69 or 1.79%, closing at ₹257.90. The stock opened at ₹275.71, reaching a high of ₹275.71. However, it faced downward pressure throughout the session and ended at ₹257.90, reflecting a significant pullback from its earlier highs.

  • EPACK Durable 

EPACK Durable Limited saw a decrease of ₹29.90 or 5%, closing at ₹568.45. The stock opened at ₹568.45 and hit a high of ₹588.00. However, it couldn’t maintain those levels and dropped to ₹568.45, closing at the day’s low, signaling a significant sell-off during the session.

 

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.