Aditya Birla Real Estate saw a net loss of ₹36.95 crore in Q3 FY25, a sharp contrast to last year’s profit. The company’s income dropped 12.28% to ₹961.32 crore, with a decline in operating performance.
Q3 FY25 Financial Highlights
Aditya Birla Real Estate, formerly known as Century Textiles and Industries, net consolidated total income stood at ₹961.32 crore in Q3 FY25, reflecting a 12.28% decrease from ₹1,095.90 crore recorded in Q3 FY24.
The decline in income was accompanied by a negative operating margin of -5.32% and a net profit margin of -4.41%.
As of December 31, 2024, Aditya Birla Real Estate’s net worth was ₹4,078.82 crore. Its financial ratios included a debt-equity ratio of 1.23, a current liability ratio of 0.53, and a total debt-to-total assets ratio of 0.35.
The company has faced challenges during the quarter, reflected in both the drop in income and the negative margins, signalling the need for a strategic reassessment moving forward.
The company reported a significant net consolidated loss of ₹36.95 crore for the quarter ended December 31, 2024, compared to a profit of ₹102.51 crore in the same quarter of the previous fiscal year.
Aditya Birla Real Estate Grows in Key Markets
Aditya Birla Real Estate entered the real estate sector in 2016. The company has successfully delivered 2 commercial projects and introduced 5 residential developments, strengthening its footprint in major cities such as the Mumbai Metropolitan Area (MMR), National Capital Region (NCR), and Bengaluru.
Share Price Performance
Aditya Birla Real Estate’s share price traded 3.36% lower at ₹1,910.70 at 9:30 AM on the NSE, after opening at ₹1,967.60 compared to its previous close of ₹1,977.20. This marks the second consecutive session of decline, adding to yesterday’s loss of 2.89%.
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.
As of January 21, 2025, a few of large-cap equity funds have shown impressive growth, with a 5-year compound annual growth rate (CAGR) nearing 20%.
These funds, such as Nippon India Large Cap Fund and ICICI Prudential Bluechip Fund, have been able to deliver strong returns over the period, reflecting their consistent performance in the large-cap sector.
Here’s a look at the top large-cap funds as of January 2025, ranked by their impressive 5-year CAGR performance.
Top Large Cap Funds Based on 5-Year CAGR Performance
Name
AUM (₹ Cr)
CAGR 3Y (%)
CAGR 5Y (%)
Expense Ratio (%)
NAV (₹)
Nippon India Large Cap Fund
35,699.99
19.23
19.58
0.66
93.63
ICICI Pru Bluechip Fund
63,264.30
15.73
18.56
0.91
111.65
Invesco India Largecap Fund
1,323.92
13.76
18.1
0.75
77.55
Canara Rob Bluechip Equity Fund
14,799.00
13.04
17.99
0.51
67.66
Note: The top large-cap mutual funds listed above are sorted based on their 5-year CAGR performance as of January 20, 2025.
Overview of the Best Large Cap Funds
Nippon India Large Cap Fund
Nippon India Large Cap Fund has been a prominent performer in the large-cap category with a strong 5-year CAGR of 19.58%. Managed by Nippon Life India Asset Management, it primarily invests in large-cap stocks with a focus on steady long-term growth. The fund’s expense ratio of 0.66% is relatively low, contributing to its overall solid returns.
The top stock holdings of the Nippon India Large Cap Fund include HDFC Bank (9.56% weight) and ICICI Bank (6.1% weight), both from the financial sector, with HDFC Bank showing a 1-year return of 11.66% and ICICI Bank outperforming with a 22.23% return.
ICICI Pru Bluechip Fund
Known for its consistency, the ICICI Pru Bluechip Fund is one of the largest in terms of assets under management (AUM) at ₹63,264.30 crore. With a 5-year CAGR of 18.56%, it has delivered solid returns with a relatively higher expense ratio of 0.91%. The fund focuses on large-cap stocks, aiming for long-term capital appreciation.
The top stock holdings of the ICICI Pru Bluechip Fund include ICICI Bank (7.79% weight) and HDFC Bank (7.06% weight), both in the financial sector.
Invesco India Largecap Fund
With an AUM of ₹1,323.92 crore, this fund has delivered a 5-year CAGR of 18.10%. The Invesco India Largecap Fund focuses on large-cap stocks with a stable performance, and its expense ratio of 0.75% contributes to keeping costs efficient for investors. It offers solid returns with a strong focus on market leaders.
The Invesco India Largecap Fund has significant exposure to ICICI Bank (7.99% weight) and HDFC Bank (7.56% weight), both in the financial sector.
Canara Robeco Bluechip Equity Fund
With an AUM of ₹14,799.00 crore, Canara Robeco Bluechip Equity Fund has delivered a 5-year CAGR of 17.99%. The fund focuses on large-cap stocks and offers a lower expense ratio of 0.51%, making it a cost-effective option for long-term investors. The fund has consistently shown resilience and strong returns over time.
The Canara Robeco Bluechip Equity Fund Regular has notable holdings in HDFC Bank (8.03% weight) and ICICI Bank (7.72% weight), both from the financial sector.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. 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.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Independent equity research firms that have been providing stock recommendations to retail investors are closing shop or winding down. SEBI’s new rules, effective from January 2025, require higher compliance costs and operational changes, as per news reports.
Several independent equity research firms in India are facing challenges due to the Securities and Exchange Board of India’s (Sebi) new set of compliance regulations. These firms, which provide stock investment advice, are now forced to close or reassess their operations as the new rules prove costly and difficult to implement.
The updated regulations, announced in early January 2025, are intended to curb fraudulent practices in the investment advisory space but are having unintended consequences on legitimate research outfits.
Impact of SEBI’s New Regulations
SEBI’s new compliance rules, introduced on January 8, 2025, aim to tackle issues in the equity research sector, particularly targeting fraudulent research entities.
The new regulations require research firms to adhere to stringent measures, such as maintaining records of client interactions, conducting compliance audits, and following Know-Your-Customer (KYC) procedures.
While these rules are intended to protect investors, they have led to increased operational costs for smaller firms, which often operate with lean structures and limited resources, as per news reports.
Firms Shutting Down or Scaling Back Operations
Several notable equity research firms have already announced their decision to close down or scale back their operations due to the heavy regulatory burden.
These include firms that primarily cater to retail investors looking for personalised investment advice but lack the resources to comply with the new, more stringent requirements.
Challenges Faced by Independent Research Firms
One of the biggest issues facing these firms is the requirement to collect fees from clients every 3 months instead of annually. Independent firms typically charge annual fees for research services, but the new rule requiring quarterly fee collections creates logistical challenges, as these firms must now focus on short-term returns to justify renewal, which contradicts their investment strategy of long-term stock picks.
Rational Behind the New Regulations
The primary intention behind SEBI’s enhanced regulations is to reduce fraudulent stock recommendations and illegal practices in the market. In recent years, the rise of retail investors and the boom in small-cap stocks have attracted many unscrupulous advisory firms that exploit investors with fake tips, often for quick profits.
SEBI aims to protect investors from such misleading advice, but the stringent regulations have also inadvertently affected legitimate independent research firms that are trying to operate ethically.
The Growing Issue of Fraudulent Investment Advisors
While SEBI’s regulations are designed to target fraudulent investment advisors, the crackdown may not fully address the issue. Many individuals posing as legitimate advisors exploit retail investors by promising high returns through penny stocks or manipulative trading practices.
Despite SEBI’s regulations, there is concern that the penalties for non-compliance are not severe enough to deter these fraudulent entities, and their continued existence is creating an ongoing challenge in regulating the advisory space.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
AESL announced that it has secured a ₹25,000 crore order for the Bhadla-Fatehpur HVDC project, which will evacuate 6 GW of renewable energy from Rajasthan to North India. The project will be completed in 4.5 years.
Project Details
Adani Energy Solutions Ltd (AESL) has been awarded the ₹25,000 crore Bhadla-Fatehpur HVDC project, which will facilitate the evacuation of 6 GW of renewable energy from Rajasthan to demand centres in North India, the company said in a press release on the stock exchange.
This marks AESL’s largest-ever order win, bringing its total under-execution order book to ₹54,761 crore. The HVDC system, covering 2,400 km, will have 7,500 MVA of transmission capacity and is expected to be completed within 4.5 years.
Impact on India’s Renewable Energy Transition
The Bhadla-Fatehpur project will play a critical role in supporting India’s renewable energy goals by linking renewable energy zones (REZs) in Rajasthan to the national grid.
By enabling the efficient transmission of clean energy, AESL is contributing to India’s decarbonisation efforts and reducing the reliance on non-renewable energy sources. AESL will deploy advanced technology and sustainable practices to minimise environmental impact while completing the project on time.
AESL’s Position in the HVDC Market
AESL is the only private-sector player in India to own an HVDC asset, which is preferred for long-distance power transmission due to its efficiency. This project marks AESL’s third HVDC venture after the Mundra-Mahendragarh and Aarey-Kudus projects. The Bhadla-Fatehpur project further solidifies AESL’s leadership in the HVDC transmission space.
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.
January 21, 2025 12:16 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors’ Portfolios
The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.
The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation.
Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.
January 21, 2025 12:16 PM
Union Budget 2025 Live: NAREDCO Proposes Hike in Housing Loan Interest Deduction
The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing.
Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career.
January 21, 2025 03:05 PM
Union Budget 2025 Live Updates: Angel One’s Coverage Begins
Welcome to Angel One’s everyday developments on the economy, stock market, and taxation ahead of Union Budget 2025. Get insights on the latest events and expectations right here.
January 21, 2025 03:20 PM
Union Budget 2025 Live: What is the Date and Time for FM Nirmala Sitharaman's Budget Presentation?
Finance Minister Nirmala Sitharaman is scheduled to present the 8th consecutive Union Budget on Saturday, February 1, 2025, at 11:00 AM in Parliament. The official confirmation of the date and time by the central government is still awaited.
January 21, 2025 03:30 PM
Budget 2025 Live: Stock Market to Remain Open on Saturday, February 1 for Union Budget 2025- NSE and BSE
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced that the stock markets will operate as usual on Saturday, February 1, 2025, during the presentation of the Union Budget for the fiscal year 2025-26 by Finance Minister Nirmala Sitharaman.
Trading will take place from 9:15 AM to 3:30 PM, continuing the tradition set in previous years, including February 1, 2020, and February 28, 2015, when the Union Budget was presented on a Saturday.
January 21, 2025 03:40 PM
Union Budget 2025 Live Update: India Proposes PLI Scheme for Electronics Components
India is preparing to bolster its electronics manufacturing sector with a ₹25,000 crore Production Linked Incentive (PLI) scheme, aimed at ramping up the domestic production of essential electronic components.
According to reports, the Finance Ministry has already given its nod to the proposal, and the Ministry of Electronics and Information Technology (MeitY) is set to seek Cabinet approval before its inclusion in the Union Budget 2025.
The PLI scheme will focus on boosting the production of components such as printed circuit boards (PCBs), batteries, camera modules, and display units, with the goal of strengthening India’s electronics manufacturing ecosystem.
January 21, 2025 03:50 PM
Union Budget 2025 Live: AMFI Unveils 15-Point Tax Proposal to Encourage Mutual Fund Investments
The Association of Mutual Funds in India (AMFI) has outlined a 15-point proposal ahead of Union Budget 2025-26 to encourage mutual fund investments and enhance investor confidence.
As part of the proposal, AMFI has called for tax reforms including restoring indexation benefits for debt funds, revising capital gains tax rates, and launching new pension-oriented schemes. The aim is to create a more attractive tax environment and provide long-term benefits to investors.
Key recommendations include recognising Fund of Funds as equity-oriented schemes, allowing pension schemes with NPS-like benefits, and introducing debt-linked savings plans to incentivise investments in high-rated bonds.
January 21, 2025 04:00 PM
Union Budget 2025 Live Update: Government Announces Significant Reshuffle in Finance Ministry
In a key development ahead of the Union Budget 2025-26, the government has made strategic changes within the Ministry of Finance, including new appointments to strengthen the leadership team. The reshuffle is aimed at enhancing the ministry’s capacity to handle complex fiscal policies and reforms for the upcoming budget.
This reshuffle comes at a critical juncture, with the Union Budget 2025-26 on the horizon. It signals the government’s commitment to having experienced leadership in place to navigate fiscal challenges and implement key reforms that will shape India’s economic future.
Tuhin Kanta Pandey has been appointed as Secretary of the Department of Revenue while continuing his role as Finance Secretary. Arunish Chawla has been appointed Secretary of the Department of Investment and Public Asset Management (DIPAM), and will also oversee the Department of Public Enterprises (DPE) and Ministry of Culture.
January 21, 2025 04:10 PM
Union Budget 2025 Live: Evolution of Income Tax in India Under FM Nirmala Sitharaman
Over the last 4 years, Finance Minister Nirmala Sitharaman has introduced transformative reforms aimed at simplifying and enhancing India’s income tax system. The new tax regime, which provided significant relief, allowed salaried individuals earning up to ₹7.75 lakh to benefit from tax exemptions.
In addition to the changes in income tax, Sitharaman has also strengthened the National Pension System (NPS), enabling private-sector employees to claim deductions of up to 14% of their basic salary, thus encouraging long-term savings. Furthermore, the Tax Collection at Source (TCS) mechanism was modernized, streamlining the tax calculation process for employees.
January 21, 2025 04:20 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors' Portfolios
The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.
The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation.
Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.
January 21, 2025 04:30 PM
Union Budget 2025 Live: NAREDCO Suggests Increase in Housing Loan Interest Deduction
The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing.
Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career.
January 21, 2025 03:05 PM
Union Budget 2025 Live Updates: Angel One’s Coverage Begins
Welcome to Angel One’s everyday developments on the economy, stock market, and taxation ahead of Union Budget 2025. Get insights on the latest events and expectations right here.
January 21, 2025 03:20 PM
Union Budget 2025 Live: What is the Date and Time for FM Nirmala Sitharaman's Budget Presentation?
Finance Minister Nirmala Sitharaman is scheduled to present the 8th consecutive Union Budget on Saturday, February 1, 2025, at 11:00 AM in Parliament. The official confirmation of the date and time by the central government is still awaited.
January 21, 2025 03:30 PM
Budget 2025 Live: Stock Market to Remain Open on Saturday, February 1 for Union Budget 2025- NSE and BSE
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced that the stock markets will operate as usual on Saturday, February 1, 2025, during the presentation of the Union Budget for the fiscal year 2025-26 by Finance Minister Nirmala Sitharaman.
Trading will take place from 9:15 AM to 3:30 PM, continuing the tradition set in previous years, including February 1, 2020, and February 28, 2015, when the Union Budget was presented on a Saturday.
January 21, 2025 03:40 PM
Union Budget 2025 Live Update: India Proposes PLI Scheme for Electronics Components
India is preparing to bolster its electronics manufacturing sector with a ₹25,000 crore Production Linked Incentive (PLI) scheme, aimed at ramping up the domestic production of essential electronic components.
According to reports, the Finance Ministry has already given its nod to the proposal, and the Ministry of Electronics and Information Technology (MeitY) is set to seek Cabinet approval before its inclusion in the Union Budget 2025.
The PLI scheme will focus on boosting the production of components such as printed circuit boards (PCBs), batteries, camera modules, and display units, with the goal of strengthening India’s electronics manufacturing ecosystem.
January 21, 2025 03:50 PM
Union Budget 2025 Live: AMFI Unveils 15-Point Tax Proposal to Encourage Mutual Fund Investments
The Association of Mutual Funds in India (AMFI) has outlined a 15-point proposal ahead of Union Budget 2025-26 to encourage mutual fund investments and enhance investor confidence.
As part of the proposal, AMFI has called for tax reforms including restoring indexation benefits for debt funds, revising capital gains tax rates, and launching new pension-oriented schemes. The aim is to create a more attractive tax environment and provide long-term benefits to investors.
Key recommendations include recognising Fund of Funds as equity-oriented schemes, allowing pension schemes with NPS-like benefits, and introducing debt-linked savings plans to incentivise investments in high-rated bonds.
January 21, 2025 04:00 PM
Union Budget 2025 Live Update: Government Announces Significant Reshuffle in Finance Ministry
In a key development ahead of the Union Budget 2025-26, the government has made strategic changes within the Ministry of Finance, including new appointments to strengthen the leadership team. The reshuffle is aimed at enhancing the ministry’s capacity to handle complex fiscal policies and reforms for the upcoming budget.
This reshuffle comes at a critical juncture, with the Union Budget 2025-26 on the horizon. It signals the government’s commitment to having experienced leadership in place to navigate fiscal challenges and implement key reforms that will shape India’s economic future.
Tuhin Kanta Pandey has been appointed as Secretary of the Department of Revenue while continuing his role as Finance Secretary. Arunish Chawla has been appointed Secretary of the Department of Investment and Public Asset Management (DIPAM), and will also oversee the Department of Public Enterprises (DPE) and Ministry of Culture.
January 21, 2025 04:10 PM
Union Budget 2025 Live: Evolution of Income Tax in India Under FM Nirmala Sitharaman
Over the last 4 years, Finance Minister Nirmala Sitharaman has introduced transformative reforms aimed at simplifying and enhancing India’s income tax system. The new tax regime, which provided significant relief, allowed salaried individuals earning up to ₹7.75 lakh to benefit from tax exemptions.
In addition to the changes in income tax, Sitharaman has also strengthened the National Pension System (NPS), enabling private-sector employees to claim deductions of up to 14% of their basic salary, thus encouraging long-term savings. Furthermore, the Tax Collection at Source (TCS) mechanism was modernized, streamlining the tax calculation process for employees.
January 21, 2025 04:20 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors' Portfolios
The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.
The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation.
Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.
January 21, 2025 04:30 PM
Union Budget 2025 Live: NAREDCO Suggests Increase in Housing Loan Interest Deduction
The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing.
Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career.
As of January 21, 2025, Kotak Mahindra Bank’s share price stood at ₹1,904.30 at 2:30 PM on NSE, reflecting a slight decline of 0.84% from the previous day. This dip followed a strong rally on January 20, when the stock surged by 9.21%, reaching ₹1,920.50.
Share Price-performance
On January 17, the stock experienced a 2.60% drop, falling to ₹1,758.60. During the first week of January, the stock showed positive momentum, starting the year at ₹1,788.40 and climbing to ₹1,838.65 on January 3, registering a modest gain of 0.08%.
Currently, the stock is trading near its 52-week high of ₹1,942, which was recorded on September 23, 2024. These movements highlight that while Kotak Mahindra Bank’s stock has faced some volatility, it has largely remained resilient, consistently trading close to its 52-week peak.
Quarterly Asset Quality Metrics
Parameter
Q3 FY25
Q2 FY25
Q1 FY25
Q4 FY24
GNPA (%)
1.50%
1.49%
1.39%
1.39%
NNPA (%)
0.41%
0.43%
0.35%
0.34%
PCR (%)
73%
71%
75%
76%
GNPA (₹ Cr)
6,266
6,033
5,477
5,275
NNPA (₹ Cr)
1,681
1,724
1,376
1,271
Total Provisions (₹ Cr)
6,634
6,266
6,037
5,903
Note: The table above presents the asset quality parameters for the bank over the last 4 quarters, from Q3 FY25 to Q4 FY24.
GNPA (Gross Non-Performing Assets)
The bank shows a slight improvement in GNPA, moving from 1.50% in Q3 FY25 to 1.49% in Q2 FY25, and further stabiliSing at 1.39% in both Q1 FY25 and Q4 FY24. This indicates that the bank has successfully kept its non-performing assets at a relatively stable and manageable level.
NNPA (Net Non-Performing Assets)
NNPA saw a marginal improvement, with a slight decrease from 0.43% in Q2 FY25 to 0.41% in Q3 FY25. This low and stable level of NNPA suggests that the bank’s recovery efforts and asset quality management remain effective.
PCR (Provision Coverage Ratio)
The Provision Coverage Ratio remained robust, though it saw a minor decline from 76% in Q4 FY24 to 75% in Q1 FY25, and further to 73% in Q3 FY25. Despite the slight drop, the PCR continues to reflect a healthy cushion against potential asset deterioration, indicating strong risk management practices by the bank.
Peer Performance
Axis Bank is one of the few banks that has released its Q3 earnings so far. The bank has shown a positive trend in its asset quality, with a reduction in both Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) compared to the previous year.
Kotak Mahindra Bank’s GNPA ratio stands at 1.50% for Q3 FY25, which is slightly higher than Axis Bank’s 1.46% for the same quarter.
However, Kotak’s GNPA ratio has been stable over the last few quarters, with a minimal increase from 1.39% in Q1 FY25 and Q4 FY24.
Kotak’s NNPA ratio of 0.41% is slightly higher than Axis Bank’s 0.35%, but Kotak has seen a slight improvement in NNPA from 0.43% in Q2 FY25, indicating consistent efforts to manage bad loans.
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.
RECPDCL, a subsidiary of REC Ltd, has handed over the ₹22,700 crore Rajasthan Part I Power Transmission Project SPV to Adani Energy Solutions. The transfer includes India’s first HVDC scheme awarded to the private sector, the company said in a press release on the stock exchange.
Details of the Landmark Transmission Project Transfer
The transfer includes the country’s first High Voltage Direct Current (HVDC) transmission scheme, which was awarded to the private sector under the Tariff-Based Competitive Bidding (TBCB) framework.
The project marks a milestone in India’s transmission sector, highlighting the growing role of private players like Adani Energy Solutions in advancing the country’s infrastructure development.
The handover was completed successfully, and Adani Energy Solutions will now manage the HVDC transmission system, which plays a critical role in enhancing power transmission capacity across the region.
This move forms part of the broader restructuring and divestment strategy by REC Limited to streamline its operations and focus on its core business areas.
Project Overview
The project involves the construction of a +800 kV HVDC transmission line stretching 955 km, along with associated infrastructure. It will be developed on a Build, Own, Operate, and Transfer (BOOT) basis, with a 54-month implementation timeline.
The ₹22,700 crore initiative includes the establishment of two HVDC terminal stations, each with a 6,000 MW capacity, located in Bhadla, Rajasthan, and Fatehpur, Uttar Pradesh.
Share Price Performance
REC’s share price traded 1.73% lower at ₹482.25 at 1:20 PM on the NSE. The stock opened at ₹491, higher than its previous close of ₹490.75. The drop in share price today has wiped out the 1.4% gain registered yesterday.
Meanwhile, Adani Energy Solutions’ share price traded 0.85% lower at ₹808.85 on the NSE. The stock opened at ₹819, higher than its previous close of ₹815.75.
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 21, 2025, as of 12:30 PM, the BSE Sensex was down by 0.94% at 76,346.35, while the Nifty50 was down 0.8% at 23,159.05. The mid-day top gainers and losers for the day are:
Mid-Day Top Gainers
Symbol
LTP (₹)
% Change
Open (₹)
High (₹)
Low (₹)
APOLLOHOSP
6,980.65
2.95
1,890.00
1,929.90
1,866.00
ULTRACEMCO
10,916.05
2.74
302
305.4
296.95
BPCL
282.55
1.89
7,182.10
7,469.95
7,182.10
TATACONSUM
974.05
1.43
326.2
336.3
324.55
ASIANPAINT
2,309.50
1.27
1,686.30
1,722.00
1,674.40
Apollo Hospitals Enterprise
Apollo Hospitals’ share price saw an increase of 2.95% to ₹6,980.65. The stock opened at ₹1,890.00 and reached a high of ₹1,929.90.
UltraTech Cement
UltraTech Cement’s share price rose by 2.74%, closing at ₹10,916.05. The stock opened at ₹302 and hit a high of ₹305.4, followed by a low of ₹296.95.
Bharat Petroleum Corporation Ltd
BPCL’s stock price increased by 1.89%, closing at ₹282.55. The stock opened significantly higher at ₹7,182.10, reaching a high of ₹7,469.95.
Tata Consumer Products
Tata Consumer Products’ stock grew by 1.43%, reaching ₹974.05 at the close. The opening price was ₹326.20, with a high of ₹336.30 and a low of ₹324.55.
Asian Paints
Asian Paints’ share price saw a positive increase of 1.27%, closing at ₹2,309.50. The stock showed stable growth, opening at ₹1,686.30, peaking at ₹1,722.00, and touching a low of ₹1,674.40.
Mid-Day Top Losers
Symbol
LTP (₹)
% Change
Open (₹)
High (₹)
Low (₹)
TRENT
5,847.20
-3.99
1,890.00
1,929.90
1,866.00
ADANIPORTS
1,129.60
-1.66
302
305.4
296.95
SBIN
766.75
-1.6
7,182.10
7,469.95
7,182.10
ICICIBANK
1,215.85
-1.39
326.2
336.3
324.55
M&M
2,850.00
-1.32
1,686.30
1,722.00
1,674.40
Trent
Trent’s share price decreased by 3.99%, trading at ₹5,847.20. The stock opened at ₹1,890.00, reached a high of ₹1,929.90, and a low of ₹1,866.00.
Adani Ports
Adani Ports’ stock declined by 1.66%, trading at ₹1,129.60. It opened at ₹302, hit a high of ₹305.4, and touched a low of ₹296.95.
State Bank of India
State Bank of India (SBI) witnessed a 1.60% decline, with its share price at ₹766.75. Opening at ₹7,182.10, it peaked at ₹7,469.95, but the low of ₹7,182.10.
ICICI Bank
ICICI Bank’s share price fell by 1.39%, settling at ₹1,215.85. The stock started at ₹326.20, peaked at ₹336.30, and touched a low of ₹324.55.
Mahindra & Mahindra
Mahindra & Mahindra’s stock saw a 1.32% dip, closing at ₹2,850.00. It opened at ₹1,686.30, reached a high of ₹1,722.00, and a low of ₹1,674.40.
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.
