On Jan 10, 2025, Godrej Properties shares fell ~3% and touched the day low of 2427.15 at 12:30 PM, after opening at 2500.00. The fall in Godrej Properties shares came after the company announced that it had acquired ~24 acres of land in Indore.

Godrej Properties Cementing Position in Indore

Godrej Properties Limited (GPL) in the exchange filing stated the development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of ~6.20 lakh square feet. The acquisition of ~24 acres of land in Indore will be GPL’s second acquisition in Indore after acquiring 46 acres in July’2024 on Indore-Ujjain Road, which is bolstering its presence in Indore

Location of Newly Acquired Land

Situated just off the bustling Indore bypass road, a rapidly expanding real estate hotspot, the land offers excellent connectivity to key areas such as Dewas and Palda. The area is well-linked through major junctions, including Chhatrapati Shivaji Square and other prominent city nodes.

It is home to prestigious institutions, leading hospitals like CHL Hospital, popular leisure destinations such as Phoenix Inside Mall, and hotels like Sheraton. Its closeness to IT hubs like Crystal IT Park and Software Technology Parks of India further boosts employment prospects, making it an ideal location for residential development.

 

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 9, 2025, Indraprastha Gas Ltd (IGL) through an exchange filing announced that its domestic gas allocations will be increased by 31%, which will effective from January 16, 2025. The communication, received from GAIL (India) Ltd, the nodal agency for domestic gas allocation, confirmed the revision. This increase will raise the share of domestic gas in the CNG segment from 37% to 51%.

IGL Secures Additional RLNG Volumes

In addition to the increase in domestic gas allocations, IGL has also secured additional Regasified Liquefied Natural Gas (RLNG) volumes on a term basis from one of its major suppliers. The company mentioned that it had negotiated competitive prices for approximately 1.0 MMSCMD of RLNG, which is expected to positively impact its profitability.

IGL Q2 FY25 Financial Performance

For Q2 FY25, IGL reported an 18% year-on-year decline in its consolidated net profit, which stood at ₹454 crore. The decline was primarily attributed to higher costs of procuring natural gas. On a sequential basis, the company’s net profit fell by 5%. Despite the profit decline, IGL’s consolidated total income for Q2 FY25 increased to ₹4,171 crore, up from ₹3,694 crore in Q1 FY25 and ₹3,884 crore in Q2 FY24. The company’s consolidated total expenses also rose, reaching ₹3,674 crore in Q2 FY25, compared to ₹3,428 crore in Q1 FY25 and ₹3,270 crore in Q2 FY24.

On Jan 10, 2025, IGL share price opened at ₹425.00 and touched the day high of ₹432.00 at 11:40 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 securities market are subject to market risks, read all the related documents carefully before investing.

On Jan 10, 2025, Spandana Sphoorty share price continued its losing streak for the second straight day with a drop of ~7% at 10:20 AM. Spandana Sphoorty share price opened at ₹452.60 and touched the day low of ₹405.75. In the past 2 trading sessions, the shares of Spandana Sphoorty slipped over 12%. The fall in Spandana Sphoorty share price came after a substantial gain of over 40% in 2 trading sessions on Jan 7 and Jan 8.

Spandana Sphoorty Clarification on Share Price

The company has recently through an exchange filing clarified the increase in volume of shares and it has disclosed all the material information/announcement that may have bearing on the operations/performance of the Company which include all the necessary disclosures in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).

Spandana Sphoorty Q2 FY25 Results

Spandana Sphoorty stated that the microfinance sector has faced several challenges over the past two quarters. The company’s operations were initially impacted by the prolonged elections and intense heatwave during the summer of 2024, and further disrupted by heavy rainfall and floods in certain states between July and September 2024. Additionally, issues such as higher-than-usual attrition rates, localised initiatives like Karza Mukti Abhiyan, and the increasing leverage of borrowers also affected the sector.

In light of these factors, Spandana adopted a cautious and selective approach to lending during the quarter, prioritising portfolio quality improvement and serving existing customers. As a result, while the company’s income increased by 10% year-on-year to ₹707 crore and net interest income (NII) rose by 9% year-on-year to ₹341 crore, higher delinquencies led to increased impairment costs, resulting in a reported loss of ₹216 crore. The Gross Non-Performing Assets (GNPA) at the end of the quarter stood at 4.86%, while the Net Non-Performing Assets (NNPA) were 0.99%.

 

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 Jan 10, 2025, Phoenix Mills shares rose ~2% intraday and touched the day high of 1684.60 at 10: 03 AM, after opening at 1669.65. The rise in Phoenix Mills shares follows the release of the Q3FY25 and 9MFY25 update, wherein, it reported robust growth across different segments such as retail, hospitality, commercial office, and residential segments.

Retail Performance

The company recorded a YoY growth of 21% in retail consumption to ₹3,998 crore in Q3 FY25. On a like-to-like basis, excluding Phoenix Mall of the Millennium and Phoenix Mall of Asia, consumption rose by 10%.

Key contributors to this growth included:

• A strong festive season, especially at PMC Mumbai, PMC Pune, and Phoenix Palassio.
• The ramp-up of newly launched malls.

For the 9M FY25, retail consumption amounted to ₹10,504 crore, indicating a 23% increase over the same period last year.

Commercial Office Sector

Phoenix Mills posted gross leasing of 1.7 lakh square feet across its commercial assets in Kurla, Mumbai, and Vimannagar, Pune. Occupancy across its operational assets was 69% as of December 2024.

Hospitality Sector Growth

• The St. Regis, Mumbai achieved an 84% occupancy rate in Q3 FY25, up from 82% in Q3 FY24.
• The average room rate (ARR) increased by 11% to ₹22,343, while revenue per available room (RevPAR) surged by 15% to ₹18,855.
• For the 9M FY25, RevPAR increased by 13% to ₹15,831.

Similarly, the Courtyard by Marriott, Agra saw a 19% rise in RevPAR for Q3 FY25.

Residential Sales Performance

In the residential sector, Phoenix Mills recorded gross residential sales of ₹58 crore for Q3 FY25, with collections of ₹38 crore for the quarter. For the first nine months of FY25, gross sales reached ₹135 crore, with collections totalling ₹165 crore.

Retail Space Expansion

Phoenix Mills finished the expansion of Phoenix Palladium in Mumbai, adding approximately 2,50,000 square feet of retail space. New store openings include brands like Uniqlo, Lifestyle, Celio, Ecco, and San-Cha Tea. Additional store launches are planned for the upcoming quarters.

 

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 10, 2025, AWL share price fell ~9% and reached the day low of ₹294.00 at 09:40 AM as compared to the previous close of ₹323.95 on BSE. The fall in AWL share price came after the company announced that its founder would be selling a stake through an Offer For Sale (OFS). Adani Commodities, the promoter entity of Adani Wilmar Limited (AWL) under the Adani Group, will sell 13.5% of its stake, amounting to ₹17.54 crore shares. This is the base issue size. Additionally, the company has a green shoe option to sell an extra 6.5% stake in the OFS.

Price and Timeline for the Adani Wilmar OFS

The price for the Offer For Sale (OFS) has been fixed at ₹275 per share, offering a 15% discount compared to Adani Wilmar’s closing price on Thursday. The OFS will open for non-retail investors on Friday, January 10, and for retail investors on Monday, January 13.

Adani Enterprises’ Exit from Joint Venture

In a related development, Adani Enterprises, the flagship company of the Adani Group, announced plans to exit its Joint Venture (JV) stake in Adani Wilmar. The company will sell 13% of its stake to meet minimum public shareholder requirements. The remaining 31% stake will be acquired by Wilmar International, the other promoter entity of Adani Wilmar.

As of the September quarter, Adani Commodities holds a 43.94% stake in Adani Wilmar, while Lence Pte., a subsidiary of Wilmar International, holds an identical 43.94% stake.

The stake currently held by Adani Enterprises in Adani Wilmar is valued at ₹18,500 crore (over $2 billion). This reflects the significant value of the company and the scale of the stake sale through the OFS.

Adani Wilmar Q3FY25 Business Update

During Q3 FY25, Adani Wilmar recorded a healthy volume growth of 6% YoY in spite of significant price hikes due to the increase in raw material costs. The company’s revenue for the quarter increased 33% YoY. With respect to the edible oils segment, the company managed to maintain its market share through its strategy of having a diverse portfolio of brands at various price points.

 

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 Jan 9, 2025, Indian Renewable Energy Development Agency (IREDA)  released its results for the quarter (Q3 FY25) and nine months ended December 31, 2024. The company posted a YoY growth of 26.8% in net profit (profit after tax) for Q3 FY25, reaching ₹425.4 crore compared to ₹335.5 crore in the same period last year. On a QoQ basis, IREDA’s PAT rose 10% from nearly ₹388 crore in Q2FY25.

The company’s total revenue from operations rose 35%YoY to ₹1,698.45 crore as compared to almost ₹1,253 crore in the corresponding quarter of the last fiscal. The company’s net interest income (NII) also surged by 39% YoY at ₹622.3 crore, up from ₹448.1 crore in Q3FY24.

On Jan 10, IREDA share price opened at ₹218.35 and reached the day low of ₹211.80 at 09:20 AM. 

IREDA 9M FY25 Performance

IREDA’s revenue from operations increased 35% to ₹4,838 crore for the 9 months ended on December 31, 2024. In addition, the company’s bottom line also saw growth of 31% to ₹1,197 crore, as compared to ₹915 crore in 9M FY24. The company had recently approved loans worth ₹31,087 crore during the quarter, which is a growth of 129% from last year. IREDA had sanctioned loans worth ₹13,558 crore during the year-ago period.

IREDA’s Take on RE Outlook

The company believes that the outlook for India’s Renewable Energy (RE) sector is positive, with major policy announcements & ambitious targets. The nation has achieved 200 GW of non-fossil fuel capacity in FY25 (up to Nov 2024). It is expected that India is aiming for 500 GW of non-fossil fuel-based energy by 2030. 

 

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.

India’s Ports & Shipping sector plays a crucial role in the nation’s economic landscape, currently experiencing significant transformation driven by strategic government initiatives. In FY 2023-24, major ports successfully handled over 819 million metric tonnes of cargo, reflecting the sector’s expanding capacity.

To boost coastal shipping volumes by 2030, policies are being refined to encourage greater private sector participation, streamline regulations, and enhance the ease of doing business. Key infrastructure projects, such as dedicated freight corridors and the development of inland waterways, are enhancing multimodal connectivity, which is expected to significantly reduce transportation costs and further strengthen the logistics network.

Key Growth Drivers of Shipping Industry

• The government is strongly supporting the growth of the ports and shipping industry through key initiatives such as the Sagarmala Programme, Maritime India Vision 2030, and the National Monetization Pipeline. These programs are designed to modernize port infrastructure, enhance logistics efficiency, and drive investment into the sector.
• In addition, the government has introduced environmentally-focused initiatives, including the Harit Sagar Green Port Guidelines and the Green Tug Transition Program. These initiatives aim to promote sustainable practices, such as the use of renewable energy, emission reduction, and the adoption of green tugs at major ports.
• Furthermore, the government has enabled 100% Foreign Direct Investment (FDI) in port development, fostering increased global investment in the sector.

Best Shipping Stock Based on 5Y CAGR

Note: The stocks have been sorted based on 5Y CAGR and as of January 09, 2025

Overview of Best Shipping Stocks

Shipping Corporation of India Ltd

Shipping Corporation of India operates across the Liner segment, Bulk segment, and Technical and Offshore. The Shipping Corporation of India announced a remarkable 343% increase in its consolidated net profit, reaching ₹ 291.44 crore in Q2, up from ₹ 65.73 crore in the same period last year. The company’s operational revenue also saw a significant rise, growing by 32.7% to ₹ 1,450.76 crore for the quarter, compared to ₹ 1,093.2 crore in the previous year.

Key Metrics:

• Return on Equity (ROE): 8.49%
• Return on Capital Employed (ROCE): 7.43%

Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry. In Q2FY25, crude tanker earnings saw typical seasonal weakness. Overall, seaborne crude trade dropped by 3% during the quarter, largely due to weak refinery margins. Chinese crude imports decreased by 8% year-on-year. The size of the crude tanker fleet remained unchanged compared to the previous year.

Key Metrics:

• ROE: 21%
• ROCE: 18.5%

Adani Ports & Special Economic Zone Ltd 

Adani Ports & Special Economic Zone is engaged in the development, operations and maintenance of port infrastructure and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to the Port at Mundra. During Q2 FY25, the company completed the acquisition of Gopalpur Port and Astro Offshore and signed 2 new port concession agreements.

Key Metrics:

• ROE: 18.1%
• ROCE: 12.9%

Dredging Corporation of India Limited

Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, the Indian Navy and other maritime organizations in India. Dredging Corporation of India Ltd reported a 14.76% increase in revenue, reaching ₹227.91 crore for Q2 of 2024-2025, compared to the same period last year. On a quarterly basis, the company achieved a significant 50.29% growth in revenue over the past three months.

 Key Metrics:

• ROE: 2.92%
• ROCE: 4.18%

Conclusion

Investing in shipping stocks can offer growth opportunities, especially as global trade continues to grow and the industry undergoes modernization and sustainability shifts. With strategic initiatives by governments and companies alike to enhance port infrastructure, boost maritime connectivity, and adopt greener practices, the shipping sector is poised for long-term growth. However, like any investment, shipping stocks come with their share of risks, including cyclical market trends, geopolitical factors, and fuel price fluctuations.

 

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.