DCM Shriram Shares to Trade Ex-Date on January 24: Interim Dividend of ₹3.60

On January 24, 2025, DCM Shriram shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹3.60 interim dividend. On January 18, 2025, the company declared its 2nd interim dividend of ₹3.60 for the FY25.

DCM Shriram Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Nov 11, 2024 Interim 2.00
July 09, 2024 Final 2.60
March 06, 2024 Interim 4.00

DCM Shriram Q3FY25 Business Segment Performance

The Company’s Chloro-Vinyl business operates with highly integrated processes, generating multiple revenue streams. It benefits from 344 MW of captive power generation across both locations, along with 44 MW (peak) of renewable power capacity at Bharuch. Additionally, 6.6 MW of renewable capacity is being added at the Bharuch site.

In Q3 FY25, the Chemical business saw a 35% YoY increase in revenues (24% increase for 9M FY25 compared to the previous year). Caustic volumes rose by 21% for Q3 (18% increase for 9M FY25, 9% QoQ growth), driven by additional capacity. ECU prices for Q3 grew by 12% YoY (3% increase for 9M FY25, 13% QoQ rise).

The Vinyl business achieved a 95% capacity utilisation in Q3 FY25, compared to 60% in the same period last year (90% for 9M FY25 vs. 80% in the previous year), primarily due to last year’s maintenance shutdown. Revenue for Q3 FY25 increased by 26% YoY (7% growth for 9M FY25).

The Sugar & Ethanol business reported flat revenues of Rs 890 crore for Q3 FY25 (1% growth for 9M FY25). Domestic sugar prices declined to Rs 3,836 per quintal in Q3 (Rs 3,954 in the same period last year), with a 6% decrease in domestic sugar volumes for Q3 due to reduced releases (9M FY25 volumes were stable at 46.2 lakh quintals). Ethanol prices rose by 12% in Q3 FY25, driven by grain (maize)-based operations (9M FY25 saw a 9% increase compared to the previous year).

 

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.

Top Gainers and Losers of the Day: Ultratech Lead Gains, BPCL Slides on January 23, 2025

On January 23, 2025, the Indian benchmark indices closed higher, whereby Nifty 50 rose 0.22% to 23,205.35 while Sensex grew 0.15% to 76,520.38. Nifty Consumer Durables and Nifty IT rose 1.97% and 1.79%, respectively.

Top Gainers of the Day

Symbol Open High Low LTP %chng
ULTRACEMCO 10,690.00 11,571.45 10,689.95 11,406.95 6.67
GRASIM 2,388.00 2,475.75 2,365.40 2,458.95 2.96
WIPRO 311.1 324.6 310.65 317.70 2.78
SHRIRAMFIN 518.65 533.45 511.6 531.00 2.38
SUNPHARMA 1,788.10 1,839.75 1,786.05 1,839.00 2.23

Ultratech Cement

Ultratech shares opened at ₹10,690, reached a high of ₹11,571.45, and closed at ₹11,406.95, reflecting a 6.67% gain on the day.

Grasim

Grasim shares started trading at ₹2,388, peaked at ₹2,475.75, and ended at ₹2,458.95, marking a 2.96% rise.

Wipro

Wipro shares opened at ₹311.10, hit a high of ₹324.60, and closed at ₹317.70, showing a 2.78% increase.

Shriram Finance

Shriram Finance shares opened at ₹518.65, reached ₹533.45, and closed at ₹531.00, a gain of 2.38%.

Sun Pharma

Sun Pharma shares opened at ₹1,788.10, touched a high of ₹1,839.75, and closed at ₹1,839.00, up by 2.23%.

Top Losers of the Day

Symbol Open High Low LTP %chng
BPCL 283 285 270.3 271.65 -2.14
KOTAKBANK 1,907.10 1,923.95 1,892.10 1,893.00 -1.28
HCLTECH 1,817.05 1,828.95 1,804.20 1,806.95 -1.14
RELIANCE 1,270.00 1,277.35 1,261.60 1,264.90 -0.96
SBIN 750 755.65 743.1 746.25 -0.96

BPCL

BPCL shares opened at ₹283, hit a low of ₹270.30, and closed at ₹271.65, showing a decline of 2.14%.

Kotak Mahindra Bank

Kotak Mahindra Bank shares started at ₹1,907.10, dropped to ₹1,892.10, and ended at ₹1,893.00, down by 1.28%.

HCLTech

HCLTech shares opened at ₹1,817.05, fell to ₹1,804.20, and closed at ₹1,806.95, marking a 1.14% drop.

Reliance Industries

Reliance shares opened at ₹1,270, reached a low of ₹1,261.60, and closed at ₹1,264.90, down 0.96%.

SBI

SBI shares opened at ₹750, touched ₹743.10 as the low, and ended at ₹746.25, reflecting a 0.96% decline.

 

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.

Vinir Engineering Filed DRHP with SEBI to Float IPO: OFS of 5.33 Crore Shares

The integrated engineering solutions company, Vinir Engineering Limited has filed the draft red herring prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI) to float an IPO. This upcoming IPO is entirely an offer for sale (OFS) of up to 5.33 crore shars of face value of ₹2 each. The shares will be offloaded by the promoter Nitesh Gupta.

The company has appointed Pantomath Capital Advisors Private Limited as the book running lead manager while KFIN Technologies Limited as the registrar to the issue. The shares of Vinir Engineering Limited will be listed on NSE and BSE post the IPO process.

Objective of Vinir Engineering IPO

The company will not receive any proceeds from the offer and all the offer proceeds will be taken by the promoter selling shareholder after deduction of offer related expenses and relevant taxes.

About Vinir Engineering Limited

Incorporated in 1983, Vinir Engineering Limited is an integrated engineering solutions company. The company is involved in the manufacturing of specialised, critical and heavy, precision-forged and machined components. Vinir Engineering caters to a wide range of industries and applications, including energy, defence, aerospace, railways, energy turbines, hydraulics, earthmoving, high-end engineering, amongst others. The company has a total installed capacity of 38,000 MTPA, distributed across its 3 manufacturing units.

The company earns revenue from a diversified customer base, which include companies operating in sectors like energy, defence, aerospace, railways, energy turbines, hydraulics, earthmoving, high-end engineering amongst others, spread in India and foreign countries like United States, Mexico, Spain, Malaysia, United Arab Emirates, Saudi Arabia, Tunisia, Canada, amongst others.

 

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.

8th Pay Commission: Check Comparison of 6th and 7th Pay Commissions

On January 16, 2025, Union Minister Ashwini Vaishnaw announced that Prime Minister Narendra Modi approved the establishment of the 8th Central Pay Commission, tasked with reviewing the salary and benefits of central government employees. This development has drawn attention to the ongoing evolution of pay scales in India, especially considering the major changes introduced by the 6th and 7th Pay Commissions.

To understand the trajectory of these changes, let’s dive into a detailed comparison of the 6th, and 7th Pay Commissions, focusing on key areas such as salary increases, fitment factors, allowances, and pension revisions.

Comparison of 6th and 7th Pay Commissions

Feature 6th Pay Commission (2006) 7th Pay Commission (2016)
Implementation Date January 1, 2006 January 1, 2016
Minimum Basic Salary ₹7,000 (from ₹2,750) ₹18,000 (from ₹7,000)
Fitment Factor 1.86 (from 1.74) 2.57
Salary Increase Percentage Approximately 40% 23%–25%
Dearness Allowance (DA) 22% (from 16%) 53% (as of 2024)
Pension Revisions Minimum pension: ₹3,500 (from ₹1,275) Minimum pension: ₹9,000 (from ₹3,500)
Health Insurance No health insurance scheme introduced New health insurance scheme for employees and pensioners
Allowances Revised House Rent Allowance (HRA), Transport Allowance Continued allowance revisions, criticism on inflation impact

Key Changes in the 6th Pay Commission

The 6th Pay Commission was implemented on January 1, 2006, to modernise the government’s pay structures. Its key features include:

  1. Salary Structure: The minimum basic salary was increased from ₹2,750 to ₹7,000 per month, marking a significant rise for lower-tier employees. The fitment factor was initially set at 1.74 but was later raised to 1.86, leading to an average salary hike of 40%.
  2. Pension Revisions: The minimum pension for retirees was raised from ₹1,275 to ₹3,500 per month, offering better financial security for pensioners.
  3. Allowances: The Commission recommended an increase in various allowances, including Dearness Allowance (DA), which rose from 16% to 22%. It also introduced new provisions for House Rent Allowance (HRA) and Transport Allowances.
  4. Other Benefits: The introduction of risk insurance for hazardous roles was a notable change, replacing the previous risk allowance system.

Key Changes in the 7th Pay Commission

The 7th Pay Commission, which came into effect on January 1, 2016, introduced even more significant changes:

  1. Salary Structure: The minimum basic salary was increased to ₹18,000, with a fitment factor of 2.57, which resulted in a 23%–25% salary hike on average across various employee categories.
  2. Pension Revisions: The 7th Pay Commission further raised the minimum pension to ₹9,000, continuing the trend of improving financial support for retirees.
  3. Allowances: It continued periodic revisions of allowances, but there was criticism regarding its effectiveness in addressing inflation. The revised DA reached 53% by 2024, helping offset inflationary pressures on salaries.
  4. Health Insurance: The introduction of a health insurance scheme for employees and pensioners provided greater financial security against medical expenses.

Conclusion

Each Pay Commission has played a vital role in shaping the salary structures and benefits of central government employees in India. The 6th Pay Commission significantly raised the minimum basic salary and introduced new allowances, while the 7th Pay Commission continued this trend, making provisions for better health security and further pension increases. The 8th Pay Commission, while still a few years away, is set to bring major updates, particularly in terms of salary hikes and adjustments in response to current economic realities.

Also Read: How Much Salary Central Government Employees Can Expect from 8th Pay Commission?

 

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.

India’s Renewable Energy Surge: Check 2025 Outlook and Government Steps

India’s renewable energy sector is rapidly transforming, and 2024 marked an exceptional year in this transition. With a growing commitment to sustainability and green energy solutions, India continues to make waves in the global energy landscape. By 2030, the country aims to achieve 500 GW of non-fossil fuel-based energy capacity—a monumental goal that solidifies its position as a clean energy leader.

2024: A Year of Record Growth in Renewable Energy

India witnessed remarkable achievements in solar and wind energy installations in 2024. The country added a record 24.5 GW of solar capacity and 3.4 GW of wind capacity, marking a more than twofold increase in solar installations and a 21% rise in wind capacity compared to the previous year. These numbers showcase a strong push towards clean energy adoption, backed by government incentives, reforms, and growing investments in renewable energy infrastructure.

Solar Energy: Dominating the Growth Curve

Solar energy was the star performer in India’s renewable energy sector. By the end of 2024, solar power contributed 47% of the total installed renewable energy capacity. A significant chunk of this growth came from utility-scale solar projects, with 18.5 GW of capacity installed—nearly a 2.8x increase from 2023.

The rooftop solar market also saw impressive growth, with 4.59 GW of new capacity added, reflecting a 53% increase over the previous year. Key to this growth was the launch of the PM Surya Ghar: Muft Bijli Yojana in 2024, which enabled 7 lakh rooftop solar installations in just 10 months.

Wind Energy: A Steady Contributor

In wind energy, India added 3.4 GW of new capacity in 2024. Gujarat, Karnataka, and Tamil Nadu emerged as the top contributors, accounting for 98% of the new wind capacity installations. As these states continue to lead in wind power generation, the wind energy sector remains a key component of India’s renewable energy landscape.

Government Steps Driving Renewable Energy Growth

India’s renewable energy growth can largely be attributed to the proactive policies and financial support extended by the government. A few key developments in 2024 have significantly shaped the country’s energy transition:

  1. Green Hydrogen Push: The Indian government has been actively promoting green hydrogen as a critical part of its energy strategy. Policies focused on reducing the costs of green hydrogen production and attracting investments are creating a solid foundation for the sector’s growth.
  2. Manufacturing Expansion: India has placed a strong emphasis on expanding its domestic manufacturing capacity for solar panels and wind turbines. This move not only supports the country’s clean energy goals but also positions India as a potential global hub for renewable energy manufacturing, reducing its reliance on imports and fostering local job creation.
  3. Grid Infrastructure Development: To manage the increasing renewable energy capacity, significant investments are being directed toward upgrading the country’s grid infrastructure. The Ministry of New & Renewable Energy (MNRE) has proposed substantial investments in inter-state transmission systems to evacuate power from renewable-rich states like Rajasthan, Gujarat, and Madhya Pradesh.

Renewable Energy Outlook for 2025

Looking ahead to 2025, India’s renewable energy sector is poised for continued growth. The country has laid a solid foundation with the achievements of 2024, but there are still several challenges to address. Key areas of focus for 2025 will include:

  • Tackling Regulatory and Financial Hurdles: While India’s RE sector has made impressive strides, addressing regulatory bottlenecks and enhancing financial models for large-scale projects will remain critical. More clarity on policy frameworks and increased support for project financing can further boost investor confidence.
  • Innovation and Emerging Technologies: India’s energy transition will benefit from embracing emerging technologies such as offshore wind, energy storage solutions, and green hydrogen. Continued investment in research and development will be key to staying ahead in the global clean energy race.
  • Energy Access and Rural Development: With a continued emphasis on rooftop solar and off-grid systems, India’s rural areas will experience enhanced energy access, empowering communities and improving livelihoods.

Conclusion

India’s renewable energy story is one of remarkable growth and progress. By 2025, India aims to have a more robust renewable energy sector, with continued growth in both solar and wind installations. The country is on track to meet its ambitious renewable energy targets, with 217.62 GW of non-fossil fuel-based energy capacity already in place as of January 2025. With continued momentum, 2025 could be another milestone year for India’s renewable energy 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.

Paras Defence Shares Zoom Over 4% After Signing ₹12,000 Crore MoU With Maharashtra Government

On January 23, 2025, shares of Paras Defence saw a notable rise of over 4%, reaching a day high of ₹1,092.90 at 9:50 AM after opening at ₹1,060.00. This increase in share price followed the company’s announcement of a significant development. The gains in Paras Defence share price came after the company revealed that it had signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, India. This MoU is in relation to the proposed Optics Park Project in Navi Mumbai, Maharashtra.

Details of the Optics Park Project

The Optics Park Project is set to begin in 2028. Upon allocation of land and the approval of necessary subsidies by the Government of Maharashtra, Paras Defence plans to invest approximately ₹12,000 crores in the project over the next 10 years. Once completed, the Optics Park is expected to generate around 2,000 direct employment opportunities. The project has the potential to become India’s first dedicated Technology Hub for Optics and Optical Technologies, signalling significant growth in this specialised sector.

Government Support and Facilitation

The Government of Maharashtra has committed to assisting Paras Defence by facilitating the necessary permissions, registrations, approvals, clearances, and fiscal incentives from relevant departments. This support will be provided in accordance with the existing policies, rules, and regulations of the State Government.

Paras Defence Earlier Business Updates

  • On January 7, 2025, Paras Defence and Space Technologies Limited notified the market about receiving a License under the Arms Act, 1959, which allowed the company to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) – Modernised Enhanced and Redefined LMG with a proposed annual capacity of 6000 nos each.
  • Paras Defence commenced its advanced, state-of-the-art optical systems testing facility in Navi Mumbai, which will be the most advanced center for research and development of hyperspectral and other optical systems for Space & Defence 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 the securities market are subject to market risks, read all the related documents carefully before investing.

EPFO Payroll Data for November 2024: New Member Rose ~17%

The Employees’ Provident Fund Organisation (EPFO) has unveiled the provisional payroll data for November 2024, highlighting a notable increase in membership. During the month, EPFO recorded a net addition of 14.63 lakh members, indicating a 9.07% rise against October 2024. This growth indicates not only an expanding job market but also the effectiveness of EPFO’s outreach efforts aimed at increasing awareness about employee benefits.

Key Insights from EPFO Payroll Data

New Membership

In November 2024, EPFO welcomed around 8.74 lakh new members, a significant 16.58% jump from October 2024. This is also 18.80% higher than November 2023, underscoring the growing awareness of EPFO’s services and the expanding job market. The rising number of new memberships points to an increasing inclination among workers to secure long-term financial benefits through EPFO.

Youth Dominates New Membership

A standout trend is the dominance of the 18-25 age group in new membership additions. With 4.81 lakh new members in this age group, it accounted for nearly 55% of the total new memberships in November. This group showed a 9.56% increase from October 2024 and a 13.99% growth from November 2023. These figures reflect the trend of youth entering the formal workforce, primarily first-time job seekers.

Rejoined Members

The data also reveals that approximately 14.39 lakh members exited and rejoined EPFO during the month, marking an 11.47% increase from October 2024 and a substantial 34.75% rise compared to November 2023. This trend suggests that many workers are switching jobs but opting to transfer their EPF balances rather than withdrawing them, ensuring their long-term financial security.

Growth in Female Membership

Female participation in the workforce continues to rise, with 2.40 lakh new female members joining EPFO in November 2024. This represents a 14.94% increase from October 2024 and a 23.62% increase from the previous year. The net addition of female members stood at 3.13 lakh, marking a 12.16% month-on-month growth and an 11.75% increase from November 2023. This rise indicates a shift toward a more inclusive and diverse workforce.

State-wise Member Addition

On a state-by-state basis, the top five states and union territories contributed to 59.42% of the net member additions in November 2024. Maharashtra led the pack, contributing 20.86% of the total, followed by Karnataka, Tamil Nadu, Haryana, Gujarat, Delhi, Telangana, and Uttar Pradesh, each adding over 5% of the total net members.

Industry Trends

Industry-wise, significant growth was observed in sectors such as societies, clubs, and associations, engineering contractors, textiles, garment making, and various forms of mechanical and general engineering. Notably, expert services, including manpower suppliers, contractors, and security services, accounted for nearly 39% of the net membership additions during the month.

Conclusion

It is important to note that this payroll data is provisional. The EPFO continues to update member records, and previous data is revised monthly. This continuous data refresh allows for more accurate and up-to-date figures, with adjustments made for employee exits, re-entries, and modifications in the monthly reports.

Since April 2018, EPFO has been releasing detailed payroll data, covering the period from September 2017 onwards. This data provides a clearer picture of trends in member additions, re-entries, and withdrawals, all of which contribute to the net payroll figures for each month.

 

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.

Bandhan MF Filed Draft SID with SEBI for Bandhan Nifty Next 50 Index Fund

Bandhan Mutual Fund (formerly IDFC Mutual Fund) has filed the draft scheme information deed (SID) with the capital market regulator for Bandhan Nifty Next 50 Index Fund. Bandhan AMC Limited (formerly IDFC Asset Management Company Limited) intends to launch Bandhan Nifty Next 50 Index Fund, which is an open‐ended scheme tracking Nifty Next 50 Index.

Objective of Bandhan Nifty Next 50 Index Scheme

The investment objective of the Bandhan Nifty Next 50 Index fund is to replicate the Nifty Next 50 Index by investing in securities of the Nifty Next 50 Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Next 50 Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.

Investment Strategy

Bandhan Nifty Next 50 Index Fund will be managed passively and fund manager will make investments in stocks in proportion to the weights of these stocks in the Nifty Next 50 Index. The investment strategy of the scheme would revolve around reducing the tracking error by rebalancing the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme.

Scheme Suitable for Which Investors

Bandhan Nifty Next 50 Index Fund is suitable for investors who are seeking

  • To create wealth over a long term
  • Investment in equity and equityrelated instruments belonging to Nifty Next 50 Index

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

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

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Persistent Systems Shares Rose Over 6%: Declared Interim Dividend of ₹20 Per Share

On January 23, 2025, Persistent Systems shares are in focus as the company has released its financial results for the quarter ending December 31, 2024. Persistent Systems shares opened at ₹5828.85 and touched the day high of ₹5797.70 at 09:20 AM.

Persistent Systems Q3FY25 Earnings Overview

During Q3FY25, Persistent Systems saw a robust Year-on-Year (YoY) growth of 30.35% in consolidated profit after tax (PAT), reaching ₹373 crore, compared to ₹286 crore in the same quarter the previous year. Sequentially, PAT rose from ₹306 crore in the September 2024 quarter. Revenue from operations for the quarter surged to ₹3,062 crore, marking a 22.6% increase from ₹2,498 crore in Q3 FY24. On a quarter-on-quarter (QoQ) basis, revenue also grew by 6%.

The company’s Earnings Before Interest and Tax (EBIT) stood at ₹455 crore, reflecting a 12.2% QoQ increase and a 25.5% YoY growth. EBIT margins improved by 400 basis points to 14.9% in Q3 FY25, compared to 14% in Q3 FY24.

Persistent Systems Order Book and Key Wins During Q3

Persistent Systems reported a strong order booking of $594.1 million in Total Contract Value (TCV) for the quarter, with $428.3 million in Annual Contract Value (ACV), as per the company’s earnings filing. This impressive performance underscores the company’s continued growth and solid positioning in the market.

Software, Hi-Tech & Emerging Industries

Persistent Systems has made significant strides in the Software, Hi-Tech, and Emerging Industries sector. Notably, the company is modernizing product development with its SASVA™ platform for a leading UK-based business software provider, aimed at driving recurring revenue and optimizing R&D costs. Additionally, Persistent is enhancing product management, security, and revenue for a prominent observability and IT software provider using AI-led engineering. The company is also modernizing data management with its iAURA solution for a leading food services and facilities management company.

Banking, Financial Services & Insurance

In the Banking, Financial Services, and Insurance sectors, Persistent is leveraging its SASVA™ platform to modernize legacy systems and improve developer productivity for a US-based financial services firm. The company is also revamping enterprise gateway services for better scalability and real-time authorization for a global payments technology leader. Furthermore, Persistent is using GenAI to automate insurance claims and improve ROI for a US-based insurance company.

Healthcare & Life Sciences

In Healthcare and Life Sciences, Persistent is transforming patient care and pharmacy platforms for a major healthcare and health insurance provider, improving patient experience while reducing technology debt. The company is replacing legacy systems with a revenue management solution for a global healthcare leader, enhancing both cost-efficiency and performance. Additionally, Persistent is enabling a migration from MuleSoft to Azure with SASVA™ to drive operational efficiency for a leading life sciences analytics company.

Persistent Systems Interim Dividend

On January 22, 2025, Persistent Systems declared an interim dividend of ₹20 per equity share (face value ₹5) for the financial year 2024-25. The record date for the dividend has been set for January 31, 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.

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

HUDCO Shares in Focus: Recorded Growth in Revenue and PAT During Q3FY25

On January 22, 2025, Housing and Urban Development Corporation (HUDCO) released its results for the quarter ended December 31, 2025, wherein it reported a net profit of ₹735 crore for Q3 FY25, reflecting a 41.6% YoY increase. It also posted a 37.14% YoY growth in revenue from operations, amounting to ₹2,760.23 crore.

HUDCO 9M FY25 Performance

For 9M FY25, HUDCO’s net profit surged by 39.87% YoY to ₹1,981.40 crore, while revenue grew by 30.55% YoY to ₹7,466.13 crore. The company credited this performance to strong growth in its loan book and a reduction in non-performing assets (NPAs).

During 9M FY25, HUDCO’s loan book expanded by approximately 41% YoY, reaching ₹1,18,931 crore, with nearly 40.17% of the exposure directed towards affordable housing. The company expects further growth in its affordable housing portfolio under the Pradhan Mantri Awas Yojana 2.0 (PMAY 2.0).

HUDCO will provide counterpart funding for states’ contributions to both PMAY-Rural 2.0 and PMAY-Urban 2.0, and has been appointed as one of the central nodal agencies for implementing the Interest Subsidy Scheme (ISS) component.

HUDCO Declares Interim Dividend

HUDCO declared an interim dividend of ₹2.05 for the quarter ending December 31, 2024. The record date for the dividend is set for January 30, 2025.

HUDCO Signs MoU with Vadhvan Port Project

On January 21, 2025, HUDCO signed a Memorandum of Understanding (MoU) with Vadhvan Port Project Limited (VPPL), a joint venture between the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board (MMB). Through this MoU, HUDCO will explore and provide funding of up to ₹25,000 crore for the development of new ports and Public-Private Partnership (PPP) projects under VPPL.

On January 23, 2025, HUDCO share price opened at ₹229.20 and touched the day high of ₹230.60 at 09:25 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.