Tata Communications Expands Partnership with JLR for Advanced Connected Vehicle Ecosystem

Tata Communications informed the exchanges that the company is strengthening its partnership with Jaguar Land Rover (JLR) to enhance JLR’s connected vehicle ecosystem with the Tata Communications MOVE™ platform.

This collaboration will transform the driving experience globally, providing JLR’s next-generation software-defined vehicles with seamless connectivity and intelligent services, even in remote areas across 120 countries.

Details of the Partnership

The partnership will allow JLR’s new medium-sized SUVs, built on the Electric Modular Architecture (EMA), to maintain uninterrupted access to personalised services like media streaming by transitioning smoothly between mobile networks and operators. This collaboration is also set to enable more secure and efficient data exchange between JLR and customers’ vehicles, facilitating software over-the-air (SOTA) updates and the deployment of advanced driver assistance systems (ADAS).

Currently, JLR’s connected vehicles generate 2.5 terabytes of data daily, with over half a million electronic control units (ECUs) being updated monthly. The integration of the Tata Communications MOVE™ platform will amplify this data exchange, providing real-time monitoring of vehicle performance, enabling quicker updates, and improving vehicle maintenance and servicing. These improvements are expected to reduce ownership costs for car owners and JLR alike.

JLR’s new vehicles, expected to roll out in 2026, will offer a smarter, more efficient, and connected driving experience.

Commenting on the partnership, the Vice President and Global Head of Tata Communications MOVE™, Marco Bijvelds, said, “The automotive industry is continually innovating to meet ever-changing customer demands. Last year, our digital fabric enabled seamless connectivity across all JLR’s production sites globally.”

He further added, “As part of our extended partnership, we’re now powering JLR’s software-defined vehicle journey worldwide and enabling them to deliver advanced driving features in their cars. The insights derived from the data exchanged through our platform will enable JLR to offer personalised customer experiences, opening doors for new revenue streams.”

Mark Brogden, Director of Digital Product Platform Off-Board at JLR, said, “JLR was the first luxury vehicle manufacturer to introduce dual modem, dual eSIM design for enhanced connectivity with the launch of Defender in 2020. The partnership with Tata Communications is the next step in our software-defined vehicle journey, offering highly secure and cost-effective data connectivity across 120 countries. Starting in 2026 with our next generation of medium-size luxury SUVs, Tata Communications MOVE™ aims to deliver continuous connected experiences for our clients, offering features and new software updates over-the-air to meet the expectations of our luxury client base.’’

On January 14, 2025, Tata Communications share price (NSE: TATACOMM) opened at ₹1,648.00, touching the day’s high at ₹1,681.60, as of 10:52 AM on the NSE.

 

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.

Canara Bank Share Price Surges 4.16% on January 14, 2025

Canara Bank share price has been in focus on Tuesday. On January 14, 2025, Canara Bank share price opened at ₹89.47, up from its previous close of ₹88.52. At 11:40 AM, the share price of Canara Bank was trading at ₹92.20, up by 4.16% on the NSE. As of the same time, the stock price touched its day’s high at ₹92.55. Notably, the stock price touched its 52-week low at ₹87.79 recently on January 13, 2025.

Q2 FY 2025 Financial Highlights

For the period ended 30th September 2024, the bank reported a net profit of ₹4,014 crores, reflecting a growth of 11.31% compared to the previous year. Its global business grew by 9.42% year-on-year, reaching ₹2,359,344 crores as of September 2024. The global deposits stood at ₹1,347,347 crores, marking a 9.34% growth, while global advances (gross) reached ₹1,011,997 crores, showing a growth of 9.53% year-on-year.

Domestic deposits of the bank were ₹1,238,713 crores, reflecting an 8.34% increase compared to the same period last year. Additionally, the retail lending portfolio saw a significant rise, increasing by 31.27% year-on-year to ₹1,94,556 crores, with the housing loan portfolio growing by 12.29% to ₹99,452 crores.

The bank’s asset quality improved, with the Net Non-Performing Assets (NNPA) ratio decreasing to 0.99% in September 2024, compared to 1.24% in June 2024 and 1.41% in September 2023.

As of 30th September 2024, the bank operates a vast network of 9,658 branches, including 3,115 in rural areas, and 9,881 ATMs. The bank also maintains four overseas branches in London, New York, Dubai, and IBU Gift City.

 

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.

Mid-Day Top Gainers and Losers on January 14, 2025: Adani Enterprises & Adani Ports Shine

On January 14, 2025, as of 11:59 AM, the BSE Sensex was up by 0.41% at 76,642.08, while the Nifty50 was up by 0.46% at 23,191.60. Among sectors, the Nifty IT dropped 1.51%.

As of January 14, 2025, 12 PM, the mid-day top gainers and losers are:

Mid-Day Top Gainers 

Symbol Open (₹) High (₹) Low (₹)
ADANIENT 2,241.50 2,422.90 2,241.50
ADANIPORTS 1,078.85 1,129.70 1,075.05
NTPC 300.45 311.85 300.20
HINDALCO 569.90 587.50 568.35
TATAMOTORS 751.50 779.00 751.50
  • Adani Enterprises

Adani Enterprises share price rose 7.87%, opening at ₹2,241.50. The stock touched its day’s high at ₹2,422.90.

  • Adani Ports and Special Economic Zone

Adani Ports share price gained 5.60%, opening at ₹1,078.85 and touching the day’s high at ₹1,129.70.

  • NTPC

NTPC share price surged 4.56%, opening at ₹300.45, hitting a day’s high of ₹311.85.

  • Hindalco Industries

Hindalco Industries share price surged 3.99%, opening at ₹569.90, hitting a day’s high of ₹587.50.

  • Tata Motors

Tata Motors share price rose by 2.96%, opening at ₹751.50, hitting a day’s high of ₹779.00.

Mid-Day Top Losers

Symbol Open (₹) High (₹) Low (₹)
HCLTECH 1,936.10 1,939.00 1,797.75
HINDUNILVR 2,465.00 2,468.00 2,393.30
APOLLOHOSP 6,854.60 6,899.00 6,711.90
TITAN 3,400.00 3,429.00 3,333.45
RELIANCE 1,244.10 1,253.35 1,227.25
  • HCL Technologies

HCL share price dropped 8.26%. The stock opened at ₹1,936.10 and touched its day’s low at ₹1,797.75. HCLTech reported ₹29,890 crore in Q3 FY25 revenue, 5.1% YoY growth. ₹18/share interim dividend; record date set as January 17, 2025.

  • Hindustan Unilever 

Hindustan Unilever share price fell 2.17%. The share price opened at ₹2,465.00 and touched its day’s low at ₹2,393.30.

  • Apollo Hospitals Enterprise

Apollo Hospitals share price dropped 1.51%. The share price opened at ₹6,854.60 and touched its day’s low at ₹6,711.90.

  • Titan Company

Titan share price slipped 1.42%. The share price opened at ₹3,400.00 and touched its day’s low at ₹3,333.45.

  • Reliance Industries

Reliance share price slipped 0.88%. The share price opened at ₹1,244.10 and touched its day’s low at ₹1,227.25.

 

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.

Adani Power Share Price Rises 16.25% on January 14, 2025

Adani Power Ltd has been in focus on Tuesday. On January 14, 2025, Adani Power share price opened at ₹460.00, up from its previous close of ₹449.90. At 11:11 AM, the share price of Adani Power was trading at ₹523.00, up by 16.25% on the NSE. As of the same time, the stock price touched its day’s high at ₹535.00.

Latest Developments

Earlier this month, in January 2025, the company informed the exchanges that CARE Ratings Limited has assigned a ‘CARE AA; Stable’ credit rating to the proposed Non-Convertible Debentures (NCDs) of Adani Power Limited, amounting to ₹5,000 crores. Additionally, the credit ratings for the company’s existing bank loan facilities have been reaffirmed.

The reaffirmed ratings include ‘CARE AA; Stable’ for the long-term bank facilities of ₹21,805.99 crores, ‘CARE AA; Stable / CARE A1+’ for the long-term/short-term bank facilities of ₹8,429.01 crores, and ‘CARE A1+’ for short-term bank facilities amounting to ₹765 crores.

Q2 FY 2025 and H1 FY 2025 Financial Highlights 

For Q2 FY 2025, the company reported a total income of ₹14,062.84 crores, which reflects a slight decrease from ₹14,935.68 crores in Q2 FY 2024. The net profit for the quarter stood at ₹3,297.52 crores, lower than ₹6,594,17 crores reported in the same period last year.

In the first half of FY 2025 (H1 FY 2025), the company recorded a total income of ₹29,536.79 crores, a decline from ₹33,044.69 crores in H1 FY 2024. The net profit for the first half of the fiscal year was ₹7,210,31 crores, down from ₹15,353,59 crores in H1 FY 2024.

About Adani Power Ltd

Adani Power (APL), a subsidiary of the diversified Adani Group, is India’s largest private thermal power producer. The company, along with its subsidiaries, sells power generated from its projects through a mix of long-term Power Purchase Agreements (PPAs), short-term PPAs, and on a merchant basis.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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

Quadrant Future Tek Share Price Opens at ₹370 on Listing Day; Above Issue Price of ₹290

Quadrant Future Tek IPO opened for subscription on January 7, 2025, and closed on January 9, 2025.

It was a book-built issue of ₹290.00 crore. The issue was a fresh issue of 1.00 crore shares. The Quadrant Future Tek IPO price band was set at ₹275 to ₹290 per share.

On Day 3 of subscription, January 9, as of 6:19 PM, Quadrant Future Tek IPO was subscribed 195.96 times. QIBs subscribed 139.77x, NIIs subscribed 268.03x, and retail investors subscribed 256.46x.

The share allotment was finalised on January 10, 2025, and the shares were listed on BSE and NSE on January 14, 2025.

Quadrant Future Tek Share Price

On the listing day, on the NSE, Quadrant Future Tek share price opened at ₹370.00, up from its issue price of ₹290.00. At 10:24 AM, the share price was trading at ₹377.60, up by 2.05% from its opening price of ₹370.00. As of the same time, the stock touched its day’s high at ₹389.90. The company’s market cap was ₹1,516.40 crore.

On the BSE, at 10:25 AM, Quadrant Future Tek share price was trading at ₹378.85, up by 1.30% from its opening price of ₹374.00 and 30.84% up from its issue price of ₹290.00.

About Quadrant Future Tek Limited

Quadrant Future Tek is a research-driven company focused on developing next-generation Train Control and Signalling Systems under the KAVACH project of Indian Railways, aimed at ensuring the highest levels of safety and reliability for rail passengers. The company also operates a speciality cable manufacturing facility equipped with an Electron Beam Irradiation Centre. These speciality cables are utilised in railway rolling stock and the naval (defence) industry. Additionally, the facility is fully equipped with end-to-end infrastructure for the production of solar and EV cables.

 

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.

Shoppers Stop Share Price Dips 1.46% Ahead of Q3 FY25 Results

Shoppers Stop Limited is gaining attention on Tuesday ahead of the Q3 FY 2025 financial results announcement.

On January 14, 2025, Shoppers Stop share price (NSE: SHOPERSTOP) opened at ₹612.00, down from its previous close of ₹605.30. At 10:01 AM, the share price of Shoppers Stop was trading at ₹596.45, down by 1.46% on the NSE. Notably, the stock touched its 52-week low at ₹575.00 recently on January 6, 2025.

Board Meeting Announcement

Earlier this month, in January 2025, the company announced that its Board of Directors would convene on Tuesday, January 14, 2025, to review the unaudited financial results for the quarter and the nine months ending December 31, 2024.

Financial Performance in Q2 FY 2025

In Q2 FY 2025, the company reported sales of ₹1,068 crore, a 4% increase compared to ₹1,025 crore in Q2 FY 2024. However, the company recorded a loss of ₹22 crore in Q2 FY 2025 compared to a profit of ₹2 crore in Q2 FY 2024.

About Shoppers Stop Limited

Shoppers Stop Ltd, established in 1991, is one of the leading retailers in India of premium fashion and beauty brands. As of December 31, 2022, it offers a portfolio of more than 800 brands and operates 271 stores across 50 cities nationwide.

 

 

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.

Bharat Electronics Limited Secures Additional Orders Worth ₹561 Crore

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has announced securing additional orders worth ₹561 crores since its last disclosure on December 23, 2024.

These new orders include communication equipment, electro-optics, upgrades for SATCOM networks, radar and fire control systems, spares, and services.

With these orders, BEL’s total order intake for the current financial year has reached ₹10,362 crores, reinforcing its position as a key player in India’s defence manufacturing ecosystem.

Financial Performance Highlights: Q2 FY25 and H1 FY25

BEL demonstrated growth in Q2 FY25, with revenue from operations rising to ₹4,58,341 lakh compared to ₹3,99,332 lakh in Q2 FY24. Profit after tax for the quarter surged to ₹1,09,127 lakh, from ₹81,234 lakh in Q2 FY24.

For H1 FY25, revenue from operations stood at ₹8,78,218 lakh, reflecting a growth from ₹7,50,416 lakh in H1 FY24. Net profit for H1 FY25 was ₹1,86,741 lakh, marking an increase from ₹1,34,318 lakh in H1 FY24.

About Bharat Electronics Limited

Bharat Electronics Ltd was incorporated in 1954. The company is involved in the manufacturing and supplying of electronic equipment and systems to the defence sector. The company also has a limited presence in the civilian market.

On January 14, 2025, BEL share price opened at ₹263.00, touching the day’s high at ₹265.95, as of 9:46 AM on the NSE.

 

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.

Puravankara Reports 2% YoY Growth in Q3FY25 Sales

Puravankara Limited recorded notable financial and operational achievements for Q3 FY25 and the nine months ended December 31, 2024 (9MFY25).

The company reported sales of ₹1,265 crores for Q3 FY25, a 2% increase compared to ₹1,241 crores in Q3 FY24. For 9MFY25, sales value reached ₹3,724 crores, demonstrating strong momentum.

Customer Collections and Pricing Trends

Customer collections showed growth, increasing by 6% year-on-year (YoY) to ₹993 crores in Q3 FY25 compared to ₹941 crores in the same quarter of the previous year. For the nine-month period, customer collections surged 19%, reaching ₹2,991 crores compared to ₹2,515 crores in 9MFY24. Additionally, the average price realisation for Q3 FY25 increased significantly to ₹8,848 per square foot (sft), a 16% rise compared to ₹7,621 per sft in Q3 FY24.

Strategic Investments in Land Acquisition

Puravankara spent over ₹1,100 crores on land acquisitions during the fiscal year, securing a potential gross development value (GDV) of ₹10,500 crores. These investments align with the company’s long-term growth strategy and strengthen its position in the consolidating real estate market.

Market Outlook

The company stated that the real estate sector in India continues to witness strong foreign equity investments, which reached an all-time high of $11.4 billion in 2024. The absorption of over 70 million square feet of office space across six major cities during the year highlights robust commercial demand driven by Global Capability Centers (GCCs) and hiring growth.

While delays in approvals affected new launches in 9MFY25, Puravankara plans to expedite its pipeline with 15.70 million sq. ft of projects scheduled for launch between Q4 FY25 and Q1 FY26. The company remains optimistic about increasing its market share amid favourable economic fundamentals and anticipated policy measures in the upcoming Union Budget to boost infrastructure, private investments, and foreign direct investments (FDI).

Commenting on the performance, the Managing Director of Puravankara Ltd, Ashish Puravankara, said, “The growth in collections is a clear reflection of our strong operational efficiency. In 9MFY25, we achieved collections of Rs. 2,991 crore, a 19% Y-o-Y increase, with Rs. 993 crore in Q3FY25, a 6% increase Y-o-Y. Pre-sales for Q3FY25 reached Rs. 1,265 crore, up by 2% Y-o-Y. Keeping in line with our acquisition strategy and our growth plans for the current and next financial year, we have invested approximately Rs. 1,100 crores this fiscal, adding a potential GDV of around Rs. 10,500 crores. This includes our most recent acquisition in Kanakapura Road, Bengaluru.”

On January 14, 2025, Puravankara share price opened at ₹335.00, touching the day’s low at ₹325.75, as of 9:47 AM on the NSE.

 

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.

HCLTech Reports 5.1% YoY Revenue Growth in Q3 FY25 Results; Declares ₹18 Interim Dividend

HCL Technologies Limited (HCLTech) reported its financial performance for the quarter ended December 31, 2024.

On January 13, 2025, HCLTech share price closed at ₹1,975.00, down by 1.01%. Notably, the stock price touched its 52-week high on January 13, 2025, at ₹2,012.20 on the NSE.

Q3 FY 2025 Financial Highlights

The company’s revenue stood at ₹29,890 crore, marking a 3.6% quarter-on-quarter (QoQ) growth and a 5.1% year-on-year (YoY) rise. The Earnings Before Interest and Tax (EBIT) reached ₹5,821 crore, representing 19.5% of revenue, with an 8.6% QoQ and 3.7% YoY increase. Net Income (NI) also demonstrated growth, reaching ₹4,591 crore, accounting for 15.4% of revenue, up 8.4% QoQ and 5.5% YoY.

Interim Dividend Declaration

To commemorate 25 years of its public listing, HCLTech’s Board of Directors declared a fourth interim dividend of ₹18 per equity share (₹2 face value). This includes a special dividend of ₹6 per share. The record date for this dividend is January 17, 2025, and the payment will be made on January 24, 2025.

FY25 Guidance

For FY25, HCLTech expects revenue growth of 4.5%–5.0% YoY in constant currency (CC). The company also projects services revenue growth to align with the same range. The EBIT margin guidance has been set at 18.0%–19.0%.

Expansion of Strategic Partnership with Microsoft

In another filing, HCLTech announced the expansion of its collaboration with Microsoft to revolutionise customer service experiences using generative AI and cloud-based solutions. The partnership focuses on Microsoft Dynamics 365 Contact Center, a Copilot-first solution that leverages advanced AI capabilities to enhance customer interactions, accelerate issue resolution, and boost efficiency. This move positions HCLTech as a frontrunner in offering cutting-edge solutions for customer service transformation.

 

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.

Razorpay to Reverse-Flip Parent Entity to India; Plans IPO

India-born fintech startup Razorpay, which is currently incorporated in the US, has announced plans to reverse-flip its parent entity back to India in the next six months. Co-founder and CEO Harshil Mathur shared that the company is awaiting the necessary approvals for the process, which could take anywhere between 3 to 6 months.

Following the reverse flip, Razorpay expects to require 6-8 quarters of clean financials before considering an initial public offering (IPO). This means the company is likely to go public in at least two years.

Harshil Mathur stated that the reverse-flip process is expected to incur a tax outgo with payments to US authorities based on the company’s market valuation at the time of approval. Razorpay was last valued at $7.5 billion following its Series F funding round in 2021 and is optimistic about this move.

Razorpay’s Financial Performance and Global Expansion

Razorpay’s financials show strong growth, with its total income for FY 2023-24 reaching ₹2,501 crore, up from ₹2,293 crore the previous year. The company’s net profit surged to ₹34 crore, up from ₹7 crore. Online payments, its primary business, now contribute 75% of total revenue and are expected to grow at a 50% CAGR over the next few years.

The company’s offline payments and RazorpayX neo-banking business each contribute around 10-12% of total revenue. Razorpay also has international operations in the UAE and Malaysia and plans to expand into Singapore and other Southeast Asian markets in the near future. Despite its expansion, Razorpay aims for profitability in its new business verticals within 1-1.5 years, with a strong balance sheet that negates the need for immediate fund-raising.

 

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.