Mankind Pharma’s Q3 FY25 revenue rises 24% to ₹3,230 crore, driven by a 30% growth in the OTC segment and 121% surge in exports. However, net profit dips 16% to ₹380.2 crore due to regulatory challenges, the company said in a press release on the stock exchanges.

Q3 FY25 Result Details

The company’s EBITDA surged by 36.8% to ₹830 crore, reflecting a robust performance. The consumer healthcare business led with a 30% growth, while exports saw a remarkable 121% increase.

Mankind’s market share in India also grew, with chronic therapies and key OTC brands driving the company’s success. Despite the decline in net profit, the overall performance indicates a promising trajectory.

Mankind Pharma Ltd reported its Q3 FY25 results with a revenue of ₹3,230 crore, up 24% YoY, and a net profit of ₹380.2 crore, which declined by 16%.

Mankind Pharma Sells Partnership Interest

In a recent business development Mankind Pharma announced the sale of its partnership interest in Mankind Specialties to Vascare Sciences Private Limited for approximately ₹4 crore.

The decision was approved by the company’s Board of Directors on December 3, 2024. Mankind Specialties, which generated a revenue of ₹2.60 crore (0.03% of Mankind Pharma’s total revenue) in FY 2023-2024, has a net worth of ₹3.26 crore.

The transaction, set to be completed by January 31, 2025, is not a related party transaction and is conducted at arm’s length.

Additionally, the company said that the sale does not involve any interest from the promoter group or its associates. The transaction is subject to due diligence and customary requirements before final execution.

Share Price Performance

Mankind Pharma’s share price traded 4.13% lower at ₹2,526.10 at 10:10 AM on the NSE, after opening at ₹2,560, down from ₹2,635.05 at the previous close. The stock had gained 4.67% in yesterday’s session, ending a two-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.

Kotak Mahindra Bank, a private lender, announced that it has successfully acquired Standard Chartered’s ₹3,330-crore personal loan portfolio after receiving regulatory approvals and fulfilling required conditions, the company said in a press release on the stock exchanges. The transaction was finalised on January 23, 2025.

Kotak Expands Retail Loan Portfolio

The portfolio consists of standard advances, marking a significant addition to Kotak’s retail loan book. This move comes amid heightened regulatory concerns over unsecured loans, with increased risk weights aimed at curbing excessive growth in this segment.

Kotak Mahindra Bank Q3 FY25

Kotak Mahindra Bank announced a 10.22% rise in its consolidated net profit for the third quarter of FY25, reaching ₹4,701 crore, compared to ₹4,265 crore in the same period last year. However, this was lower than ₹5,044 crore from the previous quarter (Q2 FY25).

The bank’s standalone net profit also increased to ₹3,304 crore from ₹3,005 crore in Q3 FY24, although it showed a slight dip from ₹3,343 crore in the prior quarter.

Total income for the quarter grew to ₹16,050 crore, up from ₹14,096 crore a year ago, while expenses rose to ₹10,869 crore from ₹9,530 crore.

The bank’s gross non-performing assets (NPA) ratio saw a small increase to 1.50%, up from 1.49% in the last quarter. Provisions amounted to ₹794 crore, which was higher than ₹579 crore in Q3 FY24 and ₹660 crore in Q2 FY25.

Despite facing some challenges, Kotak Mahindra Bank’s results for Q3 FY25 reflected consistent profit growth.

Share Price Performance

Kotak Mahindra Bank’s share price traded 0.77% lower at ₹1,880.30 at 10:00 AM on the NSE, after opening at ₹1,891, compared to ₹1,894.85 at the previous close. This decline adds to yesterday’s loss of 1.28%.

 

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.

Mastek shares will trade ex-dividend today, January 24, 2025. The company declared a dividend of ₹7 per share, with the announcement made on January 16, 2025. Eligible shareholders will receive the payout.

Corporate Action History

Mastek Q3 FY25 Result Details

Mastek reported strong results for Q3 FY25, with a 25.74% year-on-year (YoY) increase in profit, reaching ₹94.71 crore. The company’s revenue also rose by 10.87% YoY, totalling ₹869.53 crore. However, compared to the previous quarter, revenue showed a modest 0.25% growth, while profit decreased by 26.38%.

In terms of expenses, Selling, General, and Administrative costs declined by 2.92% on a quarterly basis but saw a YoY increase of 7.06%. Mastek’s operating income also faced a slight drop of 5.14% from the previous quarter, though it marked a 14.65% increase YoY. The company reported a diluted earnings per share (EPS) of ₹29.39, a 21% YoY increase.

Despite challenges in the market, Mastek’s resilience is evident, with a market capitalisation of ₹8,464.79 crore as of January 17, 2025, the day it declared Q3 results. However, the stock experienced some volatility, with a 52-week high of ₹3,375 and a low of ₹2,137.55.

Share Price Performance

Mastek’s share price traded 1.68% lower at ₹2,655.50 at 9:50 AM on the NSE, after opening at ₹2,705, compared to ₹2,707.95 at the previous close. This follows a 3.78% gain in yesterday’s session, which ended a three-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.

Voltas has incorporated Universal MEP Contracting L.L.C. in Dubai as a wholly-owned subsidiary of Universal MEP Projects Pte. Limited. The new entity will focus on Mechanical, Electrical, and Plumbing (MEP) projects, the company said in a press release on the stock exchanges.

Details of Voltas’ New Step-Down Subsidiary

The newly incorporated subsidiary will engage in Mechanical, Electrical, and Plumbing (MEP) projects along with related activities.

As both UMPPL and Universal MEP Contracting L.L.C. are step-down subsidiaries of Voltas, this share subscription does not qualify as a related-party transaction. Voltas received the official intimation of this incorporation on January 22, 2025

Recent Business Development

Voltas has completed the transfer of its 100% direct investment in Weathermaker FZE, UAE, to its step-down subsidiary Universal MEP Projects Pte Limited (UMPPL) in Singapore.

This transfer was finalised on January 15, 2025, after meeting all the required conditions and receiving necessary approvals, with a consideration of ₹30 crore paid to the company. Despite the transfer, Voltas’ economic interest in Weathermaker FZE remains unchanged, and the latter continues to be a wholly owned subsidiary of Voltas.

Additionally, the transfer of Voltas’ direct investment in Saudi Ensas Company for Engineering Services and Trading LLC to UMPPL is expected to be completed by March 31, 2025, or another mutually agreed date.

Voltas Share Price Performance

Voltas’ share price traded 1.62% lower at ₹1,473.40 at 9:30 AM on the NSE, after opening higher at ₹1,500, compared to ₹1,497.65 at the previous close. This follows a 0.64% gain in yesterday’s session, ending a three-session losing streak.

About Voltas

Voltas Limited, established in 1954, is a prominent Indian multinational company and a part of the Tata Group, known for its expertise in air conditioning, water solutions, and home appliances.

The company operates in over 100 countries and employs millions worldwide, offering a diverse range of products including air conditioners, refrigerators, washing machines, water dispensers, coolers, and more. Voltas is India’s largest air conditioning company.

 

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 January 23, 2025, BSE Sensex closed 0.15% higher at 76,520.38, while Nifty50 gained 0.22% to 23,205.35. Amidst the market upturn, stocks like KPI Green Energy, and Orient Technologies hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on January 23, 2025

Stocks That Hit Upper Circuit on January 23, 2025

Overview of Companies Hitting Circuits Today

• KPI Green Energy Limited

KPI Green Energy Limited’s stock closed at ₹370.10, marking a decline of ₹19.45 or 4.99%. The stock’s trading range during the day showed a slight dip, with the lowest point matching the opening price of ₹370.10. The high for the day reached ₹389, showing minimal volatility.

• Orient Technologies Limited 

Orient Technologies Limited’s stock ended at ₹567.65, reflecting a 5.00% decrease or ₹29.85 drop from the previous close. The stock opened at ₹567.65 and reached a high of ₹587.70, before closing at its low of ₹567.65.

• Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited saw a decrease of ₹15.20, or 4.23%, bringing its closing price to ₹343.75. The stock opened at ₹358.60 and made a high of ₹361.75 before falling to a low of ₹341, showing a considerable dip in value by the end of the session.

• GE Vernova T&D India Limited 

GE Vernova T&D India Limited witnessed a gain of ₹61.20, or 3.50%, closing at ₹1,809.00. The stock opened at ₹1,740.00 and reached a high of ₹1,835.15 before retreating slightly to close near the day’s high.

• Wockhardt Limited 

Wockhardt Limited saw a significant surge of ₹130.00, or 10.00%, closing at ₹1,430.10. The stock opened at ₹1,297.00 and touched a high of ₹1,430.10 before dipping to a low of ₹1,280.40.

 

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 Renewable Energy declared an interim dividend of ₹1, announced on January 16, 2025. The ex-dividend date for eligibility is tomorrow January 24, 2025, giving investors time to qualify for the payout.

Corporate Action History

Q3 FY25 Result Details

Waaree Renewable Technologies reported a 16.7% year-on-year (YoY) decline in its net profit, which fell to ₹53.50 crore for Q3 FY24. Despite this, the company saw a 12.4% rise in income, reaching ₹364.12 crore compared to ₹324.67 crore in the same quarter last year.

Following the results announcement on January 16, Waaree Renewable’s stock dropped 7.2% to ₹1,063.90, amid the resignation of the company’s Chief Financial Officer (CFO) Dilip Panjwani.

However, in recent months, the stock has experienced pressure, falling by 45.75% in the last six months and 17.71% in the past week alone.

Share Price Performance

Waaree Renewable Technologies share price traded 0.35% lower at ₹987 at 1:50 PM on the BSE. The stock opened at ₹990.45, unchanged from its previous close. This marks the second consecutive session of decline, extending the losses from the last two days to around 7%.

 

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 January 23, 2025, as of 12:05 PM, the BSE Sensex was up by 0.23% at 76,569.05, while the Nifty50 was up 0.28% at 23,219.90. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

 

• Wipro Limited

Wipro Limited’s stock reached a high of ₹324.60 and a low of ₹310.65 during today’s trading session, remaining strong ever since its Q3 FY25 earnings results.

• Tech Mahindra

Tech Mahindra Limited’s stock saw a positive movement, reaching a high of ₹1,726.50 and a low of ₹1,671.00, reflecting a 2.34% increase on the day.

• Tata Consumer Products

Tata Consumer Products’ stock saw a 2.25% increase, reaching a high of ₹993.50 and a low of ₹961.15.

• UltraTech Cement

UltraTech Cement’s stock rose by 2.34%, hitting a high of ₹10,960.00 and a low of ₹10,689.95. Despite a strong day, revenue growth for Q3 FY25 is expected to be modest, with a projected 1% YoY rise.

• Mahindra & Mahindra

Mahindra & Mahindra’s stock gained 1.75%, reaching a high of ₹2,899.40 and a low of ₹2,810.00.

 

Mid-Day Top Losers

 

• Hindustan Unilever

Hindustan Unilever’s stock fell by 0.97%, despite a strong 19% growth in Q3 profit driven by a one-time exceptional gain from divesting its Pureit water purifier business. The stock reached a low of ₹2,253.85 during the session.

• BPCL (Bharat Petroleum Corporation Limited)

Bharat Petroleum’s stock declined by 2.29% after reporting a drop in revenue from operations to ₹1,27,551 crore, a 1.87% decline from the previous year’s ₹1,29,985 crore. The stock reached a low of ₹271.10 during the session.

• Dr. Reddy’s Laboratories

Dr. Reddy’s Laboratories’ stock fell by 1.61%, trading at ₹1,275.40 after reaching a high of ₹1,303.95 and a low of ₹1,275.00 during the trading session.

• HCL Technologies

HCL Technologies’ stock is currently down by 0.81%, trading at ₹1,812.95, with a high of ₹1,828.95 and a low of ₹1,806.25 during today’s session.

• State Bank of India (SBI)

State Bank of India’s stock is currently down by 0.76%, trading at ₹747.70, with a high of ₹753.00 and a low of ₹743.10 in today’s 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.

Mazagon Dock Shipbuilders (NSE: MAZDOCK) share price traded 3.55% higher at ₹2,369 at 11:10 AM on the NSE. The stock opened at ₹2,275.85, higher than ₹2,287.75 at the previous close. The stock rose to a day’s high of ₹2,423 in the early trade before cooling off to a day’s low of ₹2,256.60.

Despite yesterday’s loss the stock price continued to trade close to its 52-week high of ₹2,930 recorded on July 5, 2024.

Clarification on Electric Water Taxi Contract

The company also issued a clarification regarding the recent media reports on a contract with Jawaharlal Nehru Port Authority (JNPA) about an electric water taxi.

The company clarified that while no contract has been finalised, discussions are in the early stages, particularly concerning a solar-powered boat developed by MDL, the company said in a press release on the stock exchanges.

The stock’s positive movement reflects investor sentiment and the potential business prospects tied to the ongoing discussions.

Latest Updates on Business Developments

Earlier this month, Mazagon Dock Shipbuilders Ltd. (MDL) successfully marked a significant milestone in its shipbuilding efforts with the keel laying ceremony for a new training ship for the Indian Coast Guard (ICG).

The ceremony, held on January 13, 2025, follows the commencement of production activities on April 26, 2024.

The project, valued at ₹310 crores, involves the design and construction of a vessel equipped with dual-class certifications and capable of speeds exceeding 20 knots.

The training ship will serve as a platform for basic sea training of ICG trainee officers, with a complement of 223, including trainees and training staff. Scheduled for delivery by December 2026, the ship will play a crucial role in enhancing Coast Guard training capabilities.

 

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.

Kaynes Technology traded 8.14% higher at ₹5,786.30 at 10:45 AM on the NSE. The stock opened at ₹5,350.75, unchanged against its previous close. The stock rose to a day’s high of ₹5,838.85 in the early trade before cooling off to a day’s low of ₹5,314.10.

Despite yesterday’s loss the stock price continued to trade close to its 52-week high of ₹7,822 recorded on January 1, 2025.

Share Price Performance

Shares of Kaynes Technology fell 10% yesterday amid a broader sell-off in its peers following recent quarterly results. As per news reports, there were concerns over valuations.

Over the past 5 years, shares of Kaynes Technology have surged by 633%, representing a more than sevenfold increase.

Key Highlights from the Latest Board Meeting

In a meeting held on January 22, 2025, Kaynes Technology India Limited’s Board of Directors approved a plan to raise funds amounting to ₹16,000 million.

The company intends to issue instruments or securities, including equity shares, via public/private offerings, preferential allotments, or rights issues, subject to approval from the shareholders and relevant regulatory authorities.

To facilitate this process, a Committee of the Board will be formed to oversee the fundraising efforts. Additionally, a notice will be issued for a shareholder meeting to seek approval for the proposed fundraising initiative.

This move is aimed at strengthening the company’s financial position and enabling further business growth.

Latest Updates on Business Developments

Kaynes Technology India Limited has taken a significant step towards advancing railway safety and infrastructure monitoring with the acquisition of a controlling 54% stake in Sensonic GmbH, Austria, through its wholly owned subsidiary, Kaynes Holding Pte. Ltd.

This strategic move reinforces Kaynes Technology’s commitment to innovative and sustainable solutions in the global infrastructure market.

Sensonic, renowned for its advanced fiber optic sensing technologies, specialises in applications like track condition monitoring, landslide detection, and AI-powered security enhancements.

 

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.