PLI Scheme 3rd Round: Voltas, Hindalco and UNO Minda Under Selected 18 Companies

On January 20, 2025, the Ministry of Commerce & Industry stated that it has selected 24 companies under the PLI Scheme for White Goods. The release by the Ministry further stated that a total of 18 new companies, including Voltas, MIRC Electronics, Lumax, and UNO Minda, have been selected to avail of benefits under the Production-Linked Incentive (PLI) scheme for the white goods sector with an investment of ₹2,299 crore and 6 existing PLI beneficiary committed an additional investment of ₹1,217 crore

Manufacturing Focus for Air Conditioners and LED Lights

In the 3rd round of the PLI scheme, 38 companies submitted applications with a proposed investment of ₹4,121 crore. Following a review, 18 new companies were provisionally selected. The selected companies include 10 manufacturers of air conditioner components and 8 manufacturers of LED lights.

The selected companies will focus on manufacturing key components for air conditioners, such as compressors, copper tubes, and heat exchangers For LED lights, production will include LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors

With the new selections, the total number of companies under the PLI scheme for white goods has reached 84. These companies are expected to bring in investments of Rs 10,478 crore, leading to production worth Rs 1,72,663 crore.

Notable Investments from Selected Companies

  • Voltas Components has committed ₹256.73 crore for manufacturing compressors
  • MIRC Electronics plans to invest ₹51.5 crore to make AC products, such as motors and heat exchangers
  • Other selected companies for air conditioner components include Jupiter Aluminium Industries (₹ 618 crore), Ram Ratna Wires (₹ 253 crore), SMEL Steel Structural (₹ 541.29 crore), and Next Generation Manufacturers (₹ 121.35 crore).
  • In the LED lights category, Lumax Industries will invest ₹60 crore to produce LED drivers, and UNO Minda will invest ₹19.82 crore.

Applications Under Further Review

Out of the 38 applications received, 11 have been referred to the Committee of Experts (CoE) for further examination and recommendations. Additionally, two existing applicants are also being referred to the committee.

Withdrawn Applications and Upgrades for Existing Beneficiaries

One applicant has opted out of the scheme and withdrawn its application. 6 existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional ₹1,217 crore. These companies include Hindalco Industries (₹ 360 crore), LG Electronics India (₹ 433 crore), Blue Star Climatech (₹ 180 crore), and Voltas Ltd (₹ 200 crore).

 

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.

Growth of India’s Coffee Industry: Export Reached $1.29 Billion in FY24

India’s coffee industry has witnessed exceptional growth over the past years. The coffee cultivation in India has transformed from a modest practice into a major industry. Today, India stands as the 7th -largest coffee producer in the world, with its coffee beloved by global consumers. In FY24, coffee exports from India reached an impressive $1.29 billion, nearly double the $719.42 million in exports recorded in 2020-21.

Growth in Coffee Exports

India’s coffee exports have witnessed significant growth, backed by the growing global demand for its unique and rich flavours. In the first half of January 2025 alone, India exported over 9,300 tonnes of coffee, with top buyers including Italy, Belgium, and Russia. The majority of India’s coffee production, which includes Arabica and Robusta beans, is exported as unroasted beans. However, there is an increasing demand for value-added products, such as roasted and instant coffee, contributing to a surge in export figures.

Rising Domestic Coffee Consumption

Alongside increasing global exports, coffee consumption within India has also seen a steady rise. The country’s growing café culture, higher disposable incomes, and a shift in preference from tea to coffee are key drivers of this trend. Domestic consumption rose from 84,000 tonnes in 2012 to 91,000 tonnes in 2023. This increase in demand indicates a broader cultural shift, with coffee becoming a staple part of daily life, especially in urban and rural areas alike.

Initiatives to Boost Coffee Production

In response to the growing demand for coffee, the Coffee Board of India has launched several key initiatives to enhance coffee production. Through the Integrated Coffee Development Project (ICDP), the focus is on improving yields, expanding cultivation in non-traditional areas, and ensuring the sustainability of coffee farming. These initiatives are part of a broader strategy to strengthen the Indian coffee industry, increase productivity, and enhance its global competitiveness.

Strategic Support for the Coffee Industry

The initiatives led by the Coffee Board of India, combined with export incentives and logistical support, play a crucial role in boosting both domestic production and global competitiveness. These efforts are positioning India as a key player in the global coffee market, ensuring that the country’s coffee industry continues to thrive on both the domestic and international fronts.

 

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.

Upcoming IPO: Veritas Finance Filed DRHP With SEBI to Raise ₹2,800 Crore Via IPO

Veritas Finance Limited has submitted its preliminary draft papers to the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The company’s draft red herring prospectus indicates that the proposed IPO could raise up to ₹2,800 crore.

This upcoming IPO consists of a fresh issue of equity shares worth up to ₹600 crore and an offer for sale (OFS) of equity shares totalling up to ₹2,200 crore, with a face value of ₹10 each. The public offer will also include a portion reserved for subscription by eligible employees.

ICICI Securities Limited, HDFC Bank Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and Nuvama Wealth Management Limited have been appointed as the book-running lead managers for the issue.

Additionally, Veritas Finance may consider a pre-IPO placement of up to ₹120 crore, subject to consultation with the book-running lead managers. The equity shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Use of IPO Funds

Proceeds from the fresh issue are intended to strengthen the company’s capital base to support its future lending operations.

About Veritas Finance Limited

Established in 2015, Veritas Finance Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and classified as an ‘NBFC-Middle Layer’ under the RBI’s scale-based regulations. The company provides small business loans to micro, small, and medium enterprises (MSMEs) as well as home loans and used commercial vehicle loans, with a focus on underserved and underbanked segments.

Between FY 2022 and FY 2024, Veritas recorded the fastest loan growth among its peers, with a compounded annual growth rate (CAGR) of 61.76%. Through its offerings, the company aims to meet the financial needs of MSMEs and self-employed individuals, providing them access to essential credit.

 

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.

Newgen Shares Drop for 4th Consecutive Session Despite 18% YoY Revenue Growth in Q3FY25

On January 21, 2025, Newgen share price fell for the 4th straight trading session and witnessed a significant fall of over 10% and touched the day low of ₹1,395.00 at 10:05 AM after opening at ₹1,582.95. In the past 4 trading sessions, Newgen share price has slipped over 20%. The shares of Newgen Software Technologies are currently trading above the 52-week low-high average, where the 52-week stands at ₹1,795.50 while the 52-week low is at ₹626.05.

Newgen Software Q3FY25 Earnings

For Q3FY25, the company reported a revenue growth of 18% YoY, reaching ₹381 crore compared to ₹324 crore in Q3FY24. License sales saw a significant increase of 70% YoY, driven by strong deal velocity. Annuity revenue streams, which include ATS/AMC, support services, cloud/SaaS, and subscription licenses, accounted for ₹208 crore. Revenue from the sale of products/licenses stood at ₹94 crore, while revenue from implementation and other services was ₹79 crore. Profit after tax for the quarter was ₹89 crore, reflecting a 30% YoY increase compared to ₹68 crore in Q3FY24.

Newgen Software 9MFY25 Performance

For the nine-month period ending December 31, 2024, the company recorded a 22% YoY revenue growth, reaching ₹1,057 crore, up from ₹869 crore in 9MFY24. Annuity revenue streams amounted to ₹614 crore, while revenue from the sale of products/licenses reached ₹217 crore. Revenue from implementation and other services stood at ₹226 crore. Profit after tax for 9MFY25 was ₹207 crore, up 41% YoY compared to ₹146 crore in 9MFY24.

Key Business Highlights of Q3FY25

Notable deal closures during Q3 FY25 included several significant agreements. Newgen entered into a partnership with the Reserve Bank of India for the implementation and maintenance of the Regulatory Application Management System, with an aggregate contract value of ₹32 crore.

In India, the company signed an agreement with Aye Finance Ltd. for a Loan Origination Solution worth ₹24 crore. In Saudi Arabia, Newgen secured an agreement valued at USD 2.3 million with a large power generation and transmission company. Additionally, Newgen is providing a Knowledge and Records Management System to a customer in Singapore with a total contract value of SGD 1.7 million.

 

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.

SEBI Proposes Change in Cut-off Time to 7 PM for NAV Calculation For Overnight MF Schemes

On January 20, 2025, India’s markets regulator, SEBI (Securities and Exchange Board of India), proposed a revision in the cut-off time for determining the Net Asset Value (NAV) of redemptions for overnight mutual fund schemes. The current cut-off time of 3 pm would be extended to 7 pm under the proposed change.

Mutual fund redemption refers to the process of selling back mutual fund units to the asset management company (AMC) in exchange for cash. This allows investors to exit the fund and receive the value of their investment.

Overnight mutual fund schemes invest in low-risk, short-term securities with a one-day maturity period. These typically include government bonds, repo markets, and tri-party repo dealing and settlement (TREPS), minimizing risk due to their overnight tenure. The proposed change is intended to improve the liquidity and efficiency of these schemes.

Objective of the Change

The change, outlined in SEBI’s consultation paper, aims to provide stock brokers and clearing members with sufficient time after market closure to un-pledge Mutual Fund Overnight Scheme (MFOS) units and initiate redemption requests. This extension would help streamline the process and reduce time pressures for brokers and clearing members handling client funds.

SEBI’s Rationale for the Change

SEBI cited recommendations from the Association of Mutual Funds in India (AMFI) and the Mutual Funds Advisory Committee (MFAC) to extend the cut-off time for redemptions from 3 pm to 7 pm. The regulator noted that units of overnight schemes must be held in demat form and pledged with clearing corporations.

Impact on Valuation and Redemption

SEBI emphasised that the proposed extension would not affect the valuation or redemption capability of these funds. Since overnight schemes invest in securities with one-day maturities, the timing of redemption—whether at 3 pm or 7 pm—does not impact the scheme’s ability to process redemptions or its valuation.

SEBI has opened the floor for public comments on the proposed change, inviting feedback until February 10, 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.

APL Apollo Shares Rose Over 3%: Revenue Soared 30% During Q3FY25

On January 21, 2025, APL Apollo Tubes shares zoomed over 3% and touched the day high of ₹1,642.75 at 09:30 AM after opening at ₹1,616.05. The gain in APL Apollo Tubes shares follows the release of financial results for the quarter ending December 31, 2024 (Q3 FY25).

APL Apollo Tubes Q3FY25 Earnings

Revenue from operations saw strong growth, jumping 30% YoY to ₹5,432 crore, compared to ₹4,177 crore in Q3FY24, reflecting robust business performance. The company reported a 30.7% year-on-year (YoY) increase in net profit, reaching ₹217 crore for the third quarter ending December 31, 2024. This is a significant improvement compared to ₹166 crore in the same quarter of the previous fiscal year.

At the operating level, EBITDA increased by 23%, reaching ₹346 crore in Q3FY25, up from ₹280 crore in the corresponding period of the previous fiscal. The company’s cash profit stood at ₹270 crore, marking a 26% YoY and 166% QoQ increase, demonstrating strong operational efficiency and profitability.

APL Apollo recorded a sales volume of 8,28,000 tons in Q3FY25, reflecting a 37% YoY increase and a 9% quarter-on-quarter growth.

APL Apollo 9MFY25 Performance Highlights

  • Sales volume increased by 19% YoY to 2,307,531 tons.
  • Revenue grew by 14% YoY to ₹15,180 crore.
  • EBITDA declined by 14% YoY to ₹790 crore, with EBITDA per ton at ₹3,403/ton.
  • Net profit decreased by 17% YoY to ₹460 crore.

Mr. Sanjay Gupta, Chairman, APL Apollo, comments on Q3FY25 result “The company has reported its best-ever quarter, achieving record-high quarterly sales volume, EBITDA, and PAT. This strong performance came despite a challenging macroeconomic environment, weak retail demand and ongoing slowdown in government infrastructure spending. For 9MFY25, the company’s volume increased 19% YoY, which is far ahead of overall industry growth. We remain focused on innovation and delivering the best customer experience to further enhance our leadership position in the industry. We continue to remain prudent with our working capital management, which remains best in the construction material sector”.

 

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.

L&T Finance Shares in Focus: PAT Grew 2%, NIM Fell 60 BPS During Q3FY25

On January 20, 2025, L&T Finance Limited announced its financial results for the third quarter of FY25 (Q3FY25) and the nine months ended December 31, 2024 (9MFY25).

L&T Finance Q3FY25 Earnings Overview

L&T Finance posted a PAT of ₹ 626 Crore, a decrease of 2% compared to ₹640 Crore in Q3FY24. The company reported a NIM of 10.33%, a 60 bps decline from 10.93% in the same quarter last year. The total book size grew by 16% YoY, reaching ₹95,120 Crore, compared to ₹81,780 Crore in Q3FY24. The RoE stood at 10.21%, down 114 bps from 11.35% YoY.

Retailisation and Asset Growth

L&T Finance’s retail book stood at ₹92,224 Crore, reflecting a 23% YoY increase from ₹74,759 Crore. The company continues to prioritise retail assets, with retailisation reaching 97%.

Asset Quality

  • Gross Stage 3 (GS3): The GS3 ratio was slightly up at 3.23% in Q3FY25 compared to 3.21% in Q3FY24.
  • Net Stage 3 (NS3): The NS3 ratio increased to 0.97% from 0.81% YoY.
  • Credit Cost: The credit cost before macro utilization stood at 2.91%, an increase from 2.59% in Q2FY25, mainly driven by challenges in the Rural Business Finance (RBF) segment.

Robust Retail Franchise

L&T Finance has a strong retail franchise across India, supported by an extensive distribution network and deep customer database. The company operates in approximately 2,00,000 villages and over 185 urban branches, enabling it to maintain a broad reach. Additionally, its 2.5 Crore customer base contributes significantly to disbursements, with 32% of the total value and 43% of the disbursement count coming from this retail base in Q3FY25.

L&T Finance Segment-Wise Performance

Rural Business Finance

  • Book Size: ₹26,231 Crore, up 14% YoY from ₹23,110 Crore.
  • Disbursements: ₹ 4,599 Crore, down 16% YoY, reflecting a cautious approach due to macroeconomic challenges.

Farmer Finance

  • Book Size: ₹15,075 Crore, up 9% YoY from ₹13,845 Crore.
  • Disbursements: ₹ 2,495 Crore, up 23% YoY, driven by favourable monsoon conditions and increased demand during the festive season.

Two-Wheeler Finance

  • Book Size: ₹12,676 Crore, up 21% YoY from ₹10,447 Crore.
  • Disbursements: ₹2,414 Crore, down 5% YoY, reflecting a more conservative disbursement strategy with stronger credit quality checks.

Personal Loans

  • Book Size: ₹7,820 Crore, up 22% YoY from ₹6,427 Crore.
  • Disbursements: ₹ 1,642 Crore, a significant 94% increase YoY, driven by digital partnerships and the growth of prime customer segments.

Housing Loans and Loans Against Property

  • Book Size: ₹23,461 Crore, up 41% YoY from ₹16,654 Crore.
  • Disbursements: ₹2,475 Crore, up 24% YoY, reflecting strong demand in the housing and property loan segments.

Commenting on the financial results, Mr. Sudipta Roy, Managing Director & CEO of LTF said, “Despite certain macro challenges within the microfinance sector, we have managed the situation effectively. We are hopeful that the environment will be much better over the next couple of quarters. Our investments and efforts towards building a world-class credit underwriting and monitoring infrastructure continued unabated. Apropos to the same, our next-generation three-dimensional credit underwriting engine ‘Project Cyclops’ was extended to 100% of dealerships in Two-wheeler Finance and was also operationalized for the Farm Equipment Finance business.”

He further added,” In our pursuit of innovation within the lending landscape, LTF launched a strategic partnership with Amazon Pay to develop and offer cutting-edge credit solutions through the platform. We also extended the PhonePe partnership to Personal Loans, delivering a seamless digital lending experience to our consumers. Additionally, we have launched Knowledgeable AI (KAI), an AI-powered chatbot that revolutionizes the home loan experience. We were also delighted to host RAISE’ 24, India’s premier AI-themed event in the Banking, Financial Services, and Insurance (BFSI) sector focused on Al’s real-world applications. As we look ahead, we remain dedicated to driving innovation and enhancing our offerings to better serve our customers.”

On January 21, 2024, L&T Finance shares opened at ₹141.15 and touched the day high of ₹144.80 at 09:30 AM

 

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.

Oberoi Realty Shares Dropped ~4% After Release of Q3FY25 Earnings

On January 21, 2025, Oberoi Realty shares slipped ~4% to the day low of ₹1,885.25 after opening at ₹2023.70 at 09:25 AM. The fall in Oberoi Realty shares came after the release of its financial results for Q3FY25 and 9MFY25 ended on December 31, 2024.

Oberoi Realty Q3FY25 Performance

The company reported Consolidated Revenues of ₹1,460.27 crore for Q3FY25, compared to ₹1,082.85 crore in Q3FY24. For the nine months of FY25, revenues stood at ₹4,260.84 crore, up from ₹3,260.21 crore in the corresponding period of FY24. The Consolidated Profit Before Tax (PBT) for Q3FY25 was ₹810.28 crore, a significant increase from ₹479.33 crore in Q3FY24.

Oberoi Realty 9MFY25 Earnings 

For the nine-month period, PBT amounted to₹2,367.79 crore, compared to ₹1,504.46 crore for 9MFY24. The Consolidated Profit After Tax (PAT) for Q3FY25 was ₹617.82 crore, a substantial rise from ₹360.02 crore in Q3FY24. For 9MFY25, PAT stood at ₹1,791.55 crore, up from ₹1,137.47 crore in the same period last year.

Commenting on the Q3FY25 results, Mr Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, “Indian economy has continued to grow across sectors, with the luxury real estate market being one of the key beneficiaries. At Oberoi Realty, we are delighted to announce another healthy quarter, driven by the tremendous response to our first phase launch at Oberoi Garden City, Thane. The demand for premium and bespoke residences continues to be robust, and our luxury homes are setting new benchmarks in design and quality. With a strong portfolio of upcoming projects, and strategic land acquisitions, we stand well-positioned to meet the rising demand and foster long-term profitable growth.”

Oberoi Realty Dividend

The company has declared a 3rd interim dividend for FY24-25 of ₹2 per equity share (i.e., 20% of the face value of ₹10 per share). The record date for the dividend is January 24, 2025, and the payment will begin on February 10, 2025.

Oberoi Realty Amalgamation

The Board of Directors has approved the Scheme of Amalgamation of Nirmal Lifestyle Realty Private Limited (‘NLRPL’ or ‘Transferor Company’) with Oberoi Realty Limited. This strategic move aims to streamline the corporate structure and enhance management focus on the core business.

 

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

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

JSW Energy Appeals CERC’s Rejection of BESS Tariff to APTEL

JSW Energy, through its subsidiary JSW Renew Energy Five, has filed an appeal with the Appellate Tribunal for Electricity (APTEL) to contest the recent decision by the Central Electricity Regulatory Commission (CERC) that rejected the tariff for JSW’s Battery Energy Storage System (BESS), according to various news reports.

Objective of Appeal

In its appeal, JSW Energy seeks the reversal of the previous decision, the adoption of the tariff discovered in the August 2022 e-Reverse Auction, and directions for the timely execution of remaining agreements. Earlier this month, CERC rejected the tariff discovered for the first-ever grid-scale BESS awarded to JSW Energy by the Solar Energy Corporation of India (SECI). In response, JSW Energy has challenged the CERC order with APTEL.

The project, which was awarded to JSW Energy in August 2022, quoted the lowest tariff of Rs 10,88,917 per MW/month for two projects totalling 1,000 megawatts (MW).

Grounds for Challenge

JSW Energy’s appeal contests the CERC’s decision on multiple grounds, including that tariff evaluation should account only for market conditions at the time of the bid submission in August 2022. The company also highlights delays in the project timeline caused by procedural and regulatory hurdles.

CERC’s January 2nd order cited two key reasons for rejecting the tariff: delays in signing the power supply and purchase agreements (PSA and PPA), and the reduction in BESS prices over the past two years. In its appeal, JSW Energy further asserts that it has already made substantial investments in the project, including procuring all necessary equipment for Unit 1, as well as acquiring land and securing connectivity for the project.

 

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.

Weekly Market Recap: Nifty, Sensex Settled in Red on Weaking Rupee, Donald Trump Return, FPI Selling

The week ended January 17, 2025, saw the Indian securities market on a roller coaster ride. The benchmark indices NSE Nifty 50 and BSE Sensex started the week with steep selling pressure, with a fall of 1.47% and 1.36% on January 13, 2025, respectively. For the consecutive 3 days, the market rebounded and gained over 1%. At the close of the week, the Indian securities market broke its gaining streak and turned into losses with a drop of 0.47% in Nifty to 23,203.20 and a 0.55% fall in Sensex which settled at 76,619.33 on January 17, 2025.

This heightened volatility in the market was primarily caused by numerous factors, which include the potential return of Donald Trump as US President, cautious sentiment amid Q3FY25 earnings season, increasing US dollar and bond yields, FII selling, as well as weakening Indian rupee.

Review of Major Updates This Week

  • The Government of India partially restored the allocation of affordable natural gas (APM gas) to city gas retailers, including Indraprastha Gas Ltd (IGL), Adani Total Gas, and Mahanagar Gas Ltd.
  • The Indian market reacted negatively to the imposition of sanctions by the US on Russian crude by over 3% at the start of the week.
  • The week closed with the Government’s announcement related to the establishment of the 8th pay commission to review the Central Government employee salary hike.
  • Adani Group stocks gain momentum as Hindenburg Research ceases operations following its prominent 2023 report that accused the group of fraud and manipulation.

New Debutant on D-Street

On Jan 13, 2025, Standard Glass Lining shares were listed with a 26% premium on BSE. Quadrant Future Tek debuted on NSE at ₹370, up from its ₹290 issue price on January 14, 2025. Capital Infra Trust InvIT made a flat Listing at ₹99 on BSE and NSE.

Major Q3FY25 Earnings This Week

  • During Q3FY25, HCL recorded revenue amounting to ₹29,890 crore, marking a 3.6% QoQ growth and a 5.1% YoY rise. In addition, EBIT reached ₹5,821 crore, indicating 19.5% of revenue
  • During Q3FY25, Infosys posted a YoY growth of 7.6% in revenue to ₹41,764 crore, surpassing the previous year’s figure of ₹38,821 crore.
  • Reliance Industries reported a 7% YoY rise in consolidated net profit, reaching ₹18,540 crore for Q3. RIL’s total revenues also saw a 7% YoY increase, totalling ₹2.43 lakh crore.

 

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.