Gujarat Toolroom is involved in the development and operation of mines and minerals and other allied activities. The company operates across a diverse range of sectors, specializing in the extraction of valuable minerals and resources through its mining operations. It also excels in the trading of high-quality gemstones and precious metals, including gold, silver, and diamonds. As part of its comprehensive import and export (impex) services, the company facilitates the global exchange of goods across various industries. 

Additionally, it is committed to promoting sustainability by providing green energy solutions, such as solar and wind power, to support the transition to renewable energy sources. The company also participates in the global textile trade, offering a wide range of fabrics for different industries and applications. In the infrastructure sector, it focuses on the design and construction of essential facilities, contributing to the development of critical infrastructure.

Gujarat Toolroom Quarterly Performance Overview

Gujarat Toolroom Ltd has shown remarkable growth in recent quarters, with sales increasing from ₹1 crore in December 2022 to ₹324 crore by March 2024, indicating strong business expansion. However, by September 2024, sales dipped to ₹271 crore. Operating profit grew to ₹55 crore by March 2024 and slipped to 28 crore in Sep 2024.

During the September 2024 quarter, Gujarat Toolroom (GTL) achieved notable operational milestones. The company’s Dubai-based subsidiary, GTL Gems DMCC, secured a significant international impex order valued at AED 50 million (approx. ₹114 crores), expected to be completed within the quarter, with anticipated profit margins between 5% and 7.5%. Additionally, GTL Gems DMCC is in advanced negotiations for further orders exceeding AED 100 million (approx. ₹228 crores) in the coming quarters.

The company also successfully concluded a rights issue, which was oversubscribed by 2 times, reflecting strong investor confidence. The funds raised will be utilised for capacity expansion, working capital requirements, and exploring new business opportunities. Operationally, GTL has made significant strides in improving profit margins through effective cost control and enhanced efficiencies. A remarkable 98% reduction in finance costs quarter-on-quarter highlights the company’s success in reducing debt and optimizing its capital structure.

Gujarat Toolroom Outlook

Looking ahead, Gujarat Toolroom Ltd. is focused on expanding its market presence and driving future growth through strategic initiatives. The company plans to capitalize on favourable government policies introduced in the Union Budget 2024, particularly those aimed at promoting e-commerce export hubs and adjustments in customs duties, to enhance operational efficiencies.

Additionally, GTL is committed to diversifying its business portfolio by exploring renewable energy and green initiatives, while continuing to invest in cutting-edge technology and infrastructure. These efforts are geared towards achieving scalable growth, improving operational capabilities, and ultimately enhancing customer satisfaction.

Gujarat Toolroom Share Price Performance

For the consecutive 7 trading sessions, Gujarat Toolroom share price has been constantly hitting the lower circuit of 5%. On January 14, 2025, the shares of Gujarat Toolroom hit a 5% lower circuit at ₹13.29. The stock has come down from the high of ₹18.98 to the recent low of ₹13.29, making a cumulative loss of ~35% in the past 7 trading days.

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.

Every year, India commemorates its National Republic Day on January 26, a day that marks the adoption of the Indian Constitution in 1950. This historic occasion serves as a reminder of India’s sovereignty, unity, and the power of self-determination. Taking this opportunity, we will explain the growth story of India’s defence sector.

The Essence of National Defence Power

India’s commitment to strengthening its defence infrastructure is more pronounced than ever, as evidenced by the continued growth of its defence sector. With ongoing territorial disputes with neighbouring nations like Pakistan and China, the need for robust defence capabilities has never been more urgent. In response, India has consistently increased its defence budget, solidifying its position as one of the largest global spenders in this domain. With a defence budget of US$ 74.7 billion in 2024, India ranks as the fourth largest spender on defence worldwide. This level of investment underscores the country’s focus on national security and strategic defence development.

Growth of India’s Defence Sector

India’s defence manufacturing industry is rapidly evolving, driven by both domestic needs and the government’s proactive initiatives to reduce reliance on foreign imports. The defence sector is poised for significant growth, thanks to a combination of increasing security concerns, an expanding defence budget, and substantial investments in indigenous production capabilities.

The government has set an ambitious defence production target of US$ 25 billion by 2025, which includes US$ 5 billion worth of defence exports. The substantial investments in research and development, coupled with improved manufacturing capabilities, have laid a strong foundation for India to become a global player in defence exports. The focus on self-reliance is another key feature of India’s defence sector. With a target of achieving 70% self-reliance in weaponry by 2027, India aims to reduce dependence on imports and promote domestic production.

Defence Sector Outlook

The future of India’s defence sector looks promising, with increasing government support, foreign direct investment (FDI), and the private sector playing an expanded role. In 2020, the Indian government revised defence production regulations, allowing for greater foreign investments. Under the new policy, FDI can be allowed up to 74% through the automatic route and up to 100% under the government route in areas critical to gaining access to contemporary technologies. This move has not only attracted international players but has also accelerated the development of cutting-edge military technologies within the country.

India’s ambitious goal of achieving US$ 6.02 billion worth of annual defence exports by 2028-29 reflects the growing maturity of its defence manufacturing sector. The outlook remains positive, with the Indian government committed to bolstering defence capabilities, fostering innovation, and encouraging private-sector investment.

Conclusion

As we approach India’s National Republic Day, it is clear that the country’s focus on strengthening its defence sector is integral to its future growth and security. With continued investments, innovation, and strategic partnerships, India is building a resilient and self-reliant defence sector that will serve as a pillar of its national power for decades to come.

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.

B.R. Goyal Infra made a flat debut on the stock market on January 14, with its shares listing at ₹135.75 on the BSE SME platform, a modest 0.56% premium over the IPO issue price.

B.R. Goyal IPO Details

The company’s IPO, which was open for subscription from January 7 to 9, was oversubscribed by 110 times. The offering was priced between ₹128 and ₹135 per share, and the company’s market valuation at the time of listing stood at ₹323.42 crore. B.R. Goyal Infrastructure Ltd, primarily focused on the construction of infrastructure projects, raised ₹85.21 crore through the IPO, which consisted entirely of a fresh issue of 63.12 lakh shares.

Prior to the IPO, the company had raised ₹24.11 crore by issuing 17.86 lakh shares at ₹135 per share through an anchor book placement on January 6.

About B.R. Goyal Infrastructure Ltd

Incorporated in 2005, B.R. Goyal Infrastructure is involved in the construction of roads, highways, bridges, and buildings. The company has built a strong integrated EPC (Engineering, Procurement, and Construction) business supported by a dedicated design and engineering team, along with a ready-mix concrete (RMC) unit based in Indore with an annual capacity of 1.80 lakh cubic meters. As of September 30, 2024, B.R. Goyal Infra operates with a fleet of over 199 construction vehicles and equipment.

In addition to its core construction business, the company ventured into wind energy in 2005, installing a 1.25 MW wind turbine in Jaisalmer, Rajasthan. It has executed successful projects across Madhya Pradesh and is currently working on road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.

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.

Biocon share price extended the gains for the second straight day with an increase of over 3% on January 14, 2025. Biocon share price touched the day high of ₹382.05 at 10:50 AM after opening at ₹370.00. The gain in Biocon share price came after the previous day’s gain of over 1%. Following the increase, Biocon share price is currently trading near its 52-week high of ₹395.65.

Biocon Latest Business Updates

• Biocon Biologics Limited, a subsidiary of Biocon Limited, has once again been recognised as an Asia IP Elite for 2024 by IAM (Intellectual Asset Management), the world’s leading intellectual property (IP) publication. This marks the 8 consecutive year that both Biocon and its subsidiary Biocon Biologics have earned a spot on this prestigious list.
• Biocon Biologics, a fully integrated global biosimilars company, is also proud to share the progress of its ongoing ‘Embedding Specialist Nurses in Diabetes Care’ project. This initiative, a collaboration with Diabetes Africa and St. Paul’s Hospital Millennium Medical College in Ethiopia, is focused on enhancing diabetes care. The first phase of this multi-year project, supported by Biocon Biologics, has successfully engaged key stakeholders in Ethiopia’s diabetes ecosystem to develop a scalable model for upskilling nurses into diabetes specialists, to improve diabetes care across the country.

Biocon Q2FY25 Financial Performance

Biocon Group’s Q2FY25 financial and operational performance lays a strong foundation for continued improvement in the 2HFY25. Operating Revenues of ₹3,590 Cr show a year-on-year growth of 8% on a like-for-like basis, while core EBITDA and EBITDA margins remain healthy at 28% and 20%, respectively. The Biosimilars business delivered a strong performance, with a 19% increase in like-for-like revenue, driven by significant market share gains in its US Oncology and Insulin franchises.

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.

ITC Ltd has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was made during a Board meeting held on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL).

In an exchange filing, ITC stated that the Board of Directors of ITCHL, during the meeting on January 11, 2025, allotted 125,11,71,040 equity shares of Rs 1 each to the shareholders of the company as of the record date, January 6, 2025. This action was taken under the Scheme of Arrangement between ITC Ltd., ITCHL, and their respective shareholders and creditors.

With this development, ITC Hotels ceased to be a subsidiary of ITC Ltd., effective January 11, 2025.

Shareholding Distribution and De-merger Plans

As per the demerger deal, ITC Ltd. will retain 40% of the hotel shareholding, while the remaining 60% will be distributed equally among existing ITC shareholders. The listing date of these shares is yet to be announced as regulatory approvals are still pending. However, market expectations suggest that the stock could be listed on stock exchanges by mid-February 2025.

ITC Demerger Objective

ITC demerger would enable its hotel business to attract investors and strategic partners whose investment strategies align more closely with the hospitality sector. Additionally, it aims to unlock value for shareholders by providing them with a direct stake in the newly formed entity, which will be independently valued by the market.

This move also reflects ITC’s capital allocation strategy, which has evolved in recent years. The strategy, focused on an ‘asset-right’ approach in the hotel business, is expected to reinforce the company’s focus on strategic growth and market-driven operations.

The demerger positions ITC Hotels to become the second-largest hotel chain in India, with a portfolio of 140 hotels across major cities and tourist destinations.

About ITC Hotels Limited

ITC Hotels operates a portfolio of luxury properties across major cities and tourist destinations. Notable brands in its portfolio include ITC Grand Bharat and WelcomHotel, both recognized for their premium offerings in the hospitality industry.

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.

On January 14, 2025, Adani Energy Solution shares soared nearly 6% and touched the day high of ₹735 at 09:45 AM after opening at ₹701.15 on BSE. The gain in Adani Energy share price came after the company released its provisional update for Q3FY25.

Transmission Business

• The company maintained a strong system availability of 99.7% in Q3FY25.
• During Q3FY25, it added 225 circuit kilometers (ckm) to its network, bringing the total transmission network to 26,485 ckm.
• Adani Energy Solutions secured two major projects: Khavda Phase IV Part-D, valued at ₹3,455 crore, and Rajasthan Phase III Part-I (Bhadla-Fatehpur HVDC) with a preliminary cost of approximately ₹25,000 crore.
• The company also received a Letter of Intent (LOI) for Rajasthan Phase III Part-I, marking its largest order win to date.
• The new project wins in FY25 have expanded the under-construction project pipeline to approximately ₹54,700 crore, up from ₹17,000 crore at the beginning of the year.

Distribution Business (AEML and MUL)

AEML (Adani Electricity Mumbai Ltd.)

• Distribution losses in AEML improved to 4.66%.
• The supply reliability (ASAI) was maintained at over 99.9%.
• Total units sold in Q3FY25 rose by 3% YoY to 2,574 million units, driven by increased demand.
• E-payment as a percentage of total collections rose to 83.58%, reflecting higher digital adoption.

MUL (MPSEZ Utilities Limited)

Units sold in MUL surged by 30% YoY to 236 million units, up from 182 million units last year, driven by strong industrial and commercial demand.

Smart Metering Business

• The under-construction smart meter pipeline now stands at 22.8 million meters across nine contracts.
• Installation is progressing well, with a higher ramp-up expected in Maharashtra.
• The untapped market opportunity is estimated at 101 million smart meters.

Other Key Updates

• The MP Package-2 transmission line has been fully commissioned.
• AESL was the lowest bidder in the cancelled smart metering tender for 8.2 million meters in Tamil Nadu. Although the order is not part of its current pipeline, the company plans to participate in the rebidding.
• AESL has joined UNEZA, a global alliance for clean energy and renewable infrastructure development, becoming the first company in India’s power and utilities sector to do so. This alliance focuses on developing grid infrastructure for green energy evacuation.
• As of December 31, 2024, the share of renewable power supplied to the Mumbai circle stood at 36%, with a target of 60% by FY27.

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.

On January 14, 2025, Den Networks shares dropped over 2% and touched the day low of ₹37.25 at 09:25 AM. The fall in Den Networks shares came after the company released its results for the quarter (Q3 FY25) and nine-months ended December 31, 2024.

Den Network Q3FY25 Results Overview

Cable TV service provider Den Networks Ltd reported a 12% year-on-year (YoY) decline in net profit, which stood at ₹42 crore for Q3 FY25. This compares to a net profit of ₹48 crore in the same quarter of the previous fiscal year, as per the company’s exchange filing. Revenue from operations fell by 4.5%, reaching ₹261 crore, down 4% from ₹273 crore in the year-ago period.

At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) dropped 32% to ₹28 crore in the third quarter, compared to ₹41 crore in the same period last year. The EBITDA margin decreased to 11% from 15% a year earlier. DEN Networks reported no gross debt and strong cash reserves of ₹3,089 crore. Additionally, the company achieved an impressive 96% online collection rate, including contributions from its subsidiaries.

About Den Networks Limited

Incorporated in 2007, Den Networks is a leading Cable TV Distribution company in the country with a wide gamut of services. DEN’s Cable operations cover over 450+ cities/towns across 13 key states (Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.

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.

On January 14, 2025, Delta Corp shares slipped over 2% and touched the day low of ₹106.00 at 09:20 AM after opening at ₹110.20 after the company released its results for the quarter and nine months ended December 31, 2024.

Delta Corp Q3FY25 Earnings Overview

The online gaming company reported a YoY growth of 3.7% in net profit, reaching ₹35.7 crore for the third quarter ending December 31, 2024. In the same quarter of the previous year, the company had posted a net profit of ₹34.5 crore, according to a regulatory filing. However, revenue from operations fell by 7.5%, totalling ₹194.3 crore compared to ₹210.1 crore in the previous year.

At the operating level, EBITDA decreased by 42.4% to ₹32.2 crore in Q3 FY25, down from ₹55.8 crore in Q3 FY24. The EBITDA margin also shrank to 16.6% in the reporting quarter, compared to 26.6% in the same period last year. EBITDA stands for earnings before interest, tax, depreciation, and amortisation.

Delta Corp Demerger

The company’s board in September 2024 approved the demerger of its Hospitality and Real Estate Business through a Composite Scheme of Arrangement. As per the scheme, the Hospitality and Real Estate Business, including the project proposed to be developed in Dhargalim, Goa (Dhargal Project) was to be demerged into Delta Penland Private Limited (DPPL).

Objective of Demerger

• Enhanced Focus and Management Accountability: The simplified corporate structure will enable the management to concentrate on the Company’s core business—gaming—thereby improving operational efficiency and accountability. The resulting company will focus exclusively on the hospitality and real estate sectors.
• Unlocking Value: Currently, the Company’s hospitality and real estate assets are undervalued due to its primary association with the gaming industry. This Scheme will unlock greater value for shareholders by issuing one equity share of the resulting company, which will be listed post-scheme, for each share held in the Company.
• Investor Opportunity: Upon implementation of the Scheme, two distinct, publicly listed entities will emerge: the resulting company, focusing on hospitality and real estate, and the original company, continuing in the gaming sector. This structure provides investors with the flexibility to hold shares in one or both companies, aligning their investment strategy with their preferences.
• Sector-Specific Growth and Investment Potential: The two entities will be better positioned to pursue targeted growth strategies within their respective sectors, attracting specialized investors. This separation will also help mitigate risks by diversifying across different industries.

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.

On January 13, 2025, the Indian stock market witnessed heavy selling and as a result, the BSE Sensex closed 1.36% lower at 76,330.01, while Nifty50 dipped 1.47% to 23,085.95. During the significant selling, many stocks, including Adani Wilmar and Shakti Pumps hit circuit limits, reflecting significant price movements. Here is the list of stocks hitting lower and upper circuits today.

Stocks That Hit Lower Circuit on January 13, 2025

Stocks That Hit Upper Circuit on January 13, 2025

Overview of Companies Hitting Circuits Today

Adani Wilmar

On Jan 13, 2025, Adani Wilmar Limited hit a lower circuit of 10% at ₹262.00 on NSE after opening at ₹271.90. Adani Wilmar shares made a new 52-week low of ₹262.00 after hitting a lower circuit. However, the stock touched the day high of ₹274.40.

Reliance Power

Reliance Power shares opened at ₹38.39 on Jan 13, 2024, and hit a lower circuit of 5% at ₹37.03. The stock touched a day-high of ₹39.50.

Vakrangee Ltd

Vakrangee shares touched the lower circuit of 10% at ₹31.04 on Jan 13, 2025. Vakrangee shares opened at ₹33.20 and touched the day high of ₹34.09.

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.