Stocks Below ₹50 That Hit Upper Circuit on March 7

The Indian stock markets witnessed mixed movements on March 7, 2025, with the benchmark indices trading with marginal losses at 9:56 AM. However, the broader market indices outperformed, with the Nifty Midcap 100 and Smallcap 100 indices rising by 0.15% and 0.59%, respectively. This outperformance highlighted a strong market breadth, indicating a predominance of advancing stocks over declining ones.

On the National Stock Exchange (NSE), 118 stocks hit their upper circuit limit, reflecting strong buying interest. Among them, several stocks trading below ₹50 locked in gains, hitting their respective upper circuit limits. Here’s a closer look at some of these stocks:

MSP Steel & Power Ltd (MSPL)

MSP Steel & Power Ltd (MSPL), the flagship company of the MSP Group, is a semi-integrated steel manufacturer based in Raigarh, Chhattisgarh. The company operates across various segments, including pellets, sponge iron, MS ingots, TMT bars, and structural products.

To support its manufacturing processes, MSPL has developed an extensive infrastructure, including an iron ore beneficiation plant, pellet plant, coal washery, captive power plant, and a railway siding of 2.4 km. Additionally, the company produces fly ash bricks with an annual capacity of 48,600 TPA.

On March 7, 2025, the MSPL share price hit its upper circuit limit of 5% on NSE.

Unitech Ltd

Founded in 1971, Unitech Ltd is a real estate developer. Initially established as a consultancy firm specialising in soil and foundation engineering, Unitech has since expanded into a diverse range of real estate projects, including:

  • Commercial complexes
  • IT/ITeS parks
  • SEZs (Special Economic Zones)
  • Integrated residential developments
  • Schools, hotels, malls, golf courses, and amusement parks

On March 7, 2025, Unitech’s share price surged to ₹7.14, reaching its 5% upper circuit limit on NSE.

Osia Hyper Retail Ltd

Industry: Retail
Upper Circuit: 5% at ₹26.92

Established in 2013, Osia Hyper Retail Ltd (formerly known as Mapple Exim Pvt Ltd) operates a chain of organised retail stores in Gujarat. The company has a presence in cities such as Ahmedabad, Vadodara, Gandhinagar, and Dehgam, operating under the Osia Hypermart brand. Retail operations commenced in July 2014, and the company has grown steadily ever since.

Osia Hyper Retail’s central stockyard is located in Rakhiyal, Ahmedabad, which supports its 15-store network across the state.

On March 7, 2025, Osia Hyper Retail’s share price hit its 5% upper circuit limit at ₹26.92 on NSE. The stock’s 52-week high stands at ₹50.45, while its 52-week low is ₹21.07.

Conclusion

On March 7, 2025, 118 stocks hit their upper circuit on NSE, highlighting strong buying activity. Stocks such as MSP Steel & Power, Unitech, and Osia Hyper Retail—all priced below ₹50—showcased robust movements

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.

K&R Rail Engineering Signs MoU with Indian Port Rail & Ropeway Corp

K&R Rail Engineering Limited has signed a Memorandum of Understanding (MoU) with Indian Port Rail and Ropeway Corporation Limited, a public sector enterprise under the Ministry of Shipping, Government of India. This agreement focuses on collaboration in executing large-scale infrastructure projects, including railways, roads, highways and ports.

Scope of the MoU

The projects under this agreement will range from ₹50 crore to ₹5000 crore. The objective is to drive mutual growth for both organisations while ensuring seamless project execution within India and internationally.

Nature of the Contract

  • The contract is classified as an Engineering, Procurement and Construction (EPC) contract under Phase-II.
  • The collaboration is structured as a joint venture to execute civil infrastructure projects.

About the Company 

K&R Rail Engineering Limited is a key player in railway, road and port infrastructure, specialising in track construction, electrification and maintenance. The company collaborates with the government and private sectors to drive seamless infrastructure growth.

Share Performance 

As of March 07, 2025, at 9:40 AM, K&R Rail Engineering share price is trading at ₹299.50 per share, reflecting a surge of 2.13% from the previous day’s closing price. Over the past month, the stock has registered a loss of 9.99%. The stock’s 52-week high stands at ₹671 per share, while its low is ₹278.90 per share

Conclusion

This partnership is expected to bring significant business opportunities, strengthen infrastructure development, and contribute to economic growth. The collaboration aligns with both companies’ strategic expansion plans.

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.

Women Investors Are Outpacing Men in Mutual Funds – The Data Will Surprise You!

A recent study by Crisil and the Association of Mutual Funds in India (AMFI) has uncovered a major shift in investment patterns, with women investors leading the charge in long-term wealth creation. The numbers paint a compelling picture of how women are not only investing more but also holding onto their investments for longer, demonstrating financial discipline and patience.

Women’s Mutual Fund Growth Outpaces Men

Over the past five years, women’s mutual fund assets under management (AUM) for holdings exceeding five years have surged from 8.8% in March 2019 to 21.3% in March 2024. In contrast, men saw a rise from 8.2% to 19.9% during the same period.

But it’s not just about the total AUM—women are also showing greater commitment to long-term financial planning. The proportion of women holding mutual fund investments for less than a year has dropped from 40.5% in 2019 to 25.4% in 2024, a significant decline. Men, too, have reduced short-term investments, but at a slower pace—from 42.1% to 27%.

Why Are Women Winning in Wealth Creation?

Financial experts believe this shift is largely driven by women’s investment mindset, which is less reactive to short-term market fluctuations. Women tend to stay invested for longer, ensuring their portfolios benefit from compounding.

“Women investors are increasingly demonstrating patience and discipline in wealth creation,” says Navneet Munot, Chairman of AMFI. Unlike men, who often react to daily market movements, women prefer to let their investments grow over time.

“Women don’t monitor day-to-day stock market changes, and that increases the stickiness of their investments,” adds Kavitha Menon, founder of Probitus Wealth, highlighting why women are seeing greater financial gains over time.

The Rising Economic Power of Women

With increasing participation in the workforce, women now have more financial independence, enabling them to make informed investment decisions. According to the Periodic Labour Force Survey (PLFS) of June 2024, female workforce participation has jumped from 23.3% in 2017-18 to 41.7% in 2023-24—a key driver behind the rise in women’s mutual fund investments.

This financial empowerment is also evident in the numbers:

  • Women’s gross mutual fund inflows surged by 56.5% to ₹3.13 lakh crore, compared to a 41.7% increase to ₹7.30 lakh crore for men.
  • The average folio size for women investors has grown by 24% in five years, while men’s folio sizes grew by just 6%.

The Bigger Picture: Women Are Investing for the Long Haul

There’s also a social factor at play—many businessmen are now investing in the names of their female family members, further boosting women’s presence in mutual funds. “We are seeing a trend where businessmen are investing in their wives’ or daughters’ names, contributing to the rise in female investors,” notes DP Singh, Deputy Managing Director at SBI Mutual Fund.

Moreover, financial longevity is becoming an important consideration. Since women tend to outlive men, they are now more focused on securing their financial future. “There’s a growing realization that women need to save for the long term, and that’s driving more of them towards mutual funds,” says Swarup Mohanty, Vice Chairman of Mirae Asset Mutual Fund.

The Future of Investing is Female

The numbers don’t lie—women are playing the long game, making smarter investment choices, and reshaping India’s financial landscape. As more women enter the workforce, take charge of their financial independence, and recognize the power of disciplined investing, their influence on the mutual fund industry is set to grow exponentially.\

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Disclaimer: This blog has been written exclusively for educational purposes. 

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Ola Electric Gets ₹73.7 Crore PLI-Auto Incentives

Established in 2017, Ola Electric Mobility Limited has emerged as a trailblazer in India’s electric vehicle sector, specialising in the production of electric vehicles (EVs) and core EV components. Cementing its dominance in the electric two-wheeler market, the company has attained an enviable 28% market share as of February 2025.

A Landmark Achievement: PLI-Auto Scheme

In a significant milestone, Ola Electric has been awarded a ₹73.7 crore incentive under the prestigious Production Linked Incentive (PLI) Scheme for Automotive and Auto Components (PLI-Auto Scheme). This recognition makes it the first Indian two-wheeler EV manufacturer to qualify for this financial boost.

Launched in September 2021, the PLI-Auto Scheme is a transformative government initiative designed to propel domestic automotive manufacturing. With a budget outlay of ₹25,938 crore over 5 years, the scheme seeks to reduce import dependency, fostering self-reliance in EV production, position India as a global leader in the electric vehicle supply chain, and accelerate the transition towards sustainable and clean mobility solutions.

This incentive, granted on the basis of Ola Electric’s stellar sales performance for FY 2023-24, reinforces the company’s commitment to building a robust indigenous EV ecosystem.

Ola Electric’s Strategic Investments in Innovation and Manufacturing

Ola Electric has channelled significant investments into research and development (R&D), battery technology, and large-scale manufacturing to solidify its technological edge. 

At the heart of this ambition lies the Ola Future factory—one of the world’s largest two-wheeler EV production facilities. This strategic investment underscores Ola Electric’s unwavering dedication to advancing cutting-edge indigenous technology and scaling up production capabilities.

As of September 2024, Ola Electric had secured PLI certification for 5 of its electric two-wheeler models, spanning both premium and mass-market segments. These models achieved the required 50% minimum localisation, as stipulated by the Ministry of Heavy Industries.

Additionally, Ola Electric was granted 20GWh battery production capacity under the ACC PLI scheme in March 2022, with incentives available over 5 years from the Krishnagiri Gigafactory’s commissioning.

Share Price Performance

At 3:00 PM on March 6, 2025, Ola Electric Mobility Ltd’s shares were trading 1.14% down at ₹56.29 on the National Stock Exchange (NSE).

Conclusion:

This milestone underscores Ola Electric’s commitment to strengthening India’s EV ecosystem and driving innovation in sustainable mobility.

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.

Mazagon Dock Share Price Extends Gains for 5th Session; PE Below Industry Average

Mazagon Dock Shipbuilders Limited (MDL) is one of India’s premier defence shipyards, operating under the Ministry of Defence. Known as the ‘Ship & Submarine Builders to the Nation,’ the company specialises in constructing, repairing, and refurbishing warships and submarines at its facilities in Mumbai and Nhava.

MDL plays a crucial role in India’s naval defence capabilities, serving as the lead shipyard for major surface combatants such as destroyers and frigates. It is also the only Indian shipyard with two independent submarine assembly and launch lines, making it a strategic asset for the Indian Navy. The company has been a pioneer in manufacturing Veer & Khukri Class Corvettes and remains the sole shipyard in India capable of producing both destroyers and conventional submarines.

Share Price Performance and Recent Surge

Mazagon Dock Shipbuilders’ share price has witnessed a sharp rally of 17.5% from its low on February 19,  2025. The stock has continued its upward momentum, extending gains for the 5th consecutive session as of March 6, 2025. At 10:53 AM, the stock was trading at ₹2,250, reflecting a modest 0.33% increase on the day.

Q3 FY25 Financial Performance

Mazagon Dock Shipbuilders delivered a robust performance in the third quarter of the financial year 2024-25 (FY25), driven by revenue growth and improved operational efficiency. Key financial highlights include:

  • Net Profit: ₹768.22 crore, marking a 30% increase from ₹591.54 crore in Q3 FY24.
  • Revenue from Operations: ₹3,143.62 crore, up 33% year-on-year (YoY) from ₹2,362.47 crore.
  • EBITDA: ₹1,104 crore, reflecting a 36.63% growth from ₹808 crore YoY.

Order Book and Valuation

MDL has a robust order book of ₹34,787 crore as of December 31, 2024, reinforcing its strong revenue visibility and growth potential.

From a valuation perspective, the stock is currently trading at a Price-to-Earnings (PE) ratio of 33x, significantly lower than the industry PE of 40.5x. 

Conclusion

Mazagon Dock Shipbuilders continues to strengthen its position as a critical player in India’s defence sector, supported by steady order inflows and operational efficiency. Its recent price surge aligns with strong quarterly results and favourable market sentiment. With a lower-than-average industry PE, the stock remains an interesting subject for market participants tracking the defence 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.

Brewers’ Association Appeals to Karnataka Government for Uniform Regulatory Framework Over Frequent Hikes

The Brewers Association of India (BAI) has urged the Karnataka government to address concerns over alleged inconsistencies in beer-related regulations. Representing major beer manufacturers such as AB InBev, Carlsberg, and United Breweries, which account for 85% of beer sales in India, BAI has highlighted issues regarding frequent tax hikes and regulatory disparities that hinder fair competition.

Frequent Tax Increases and Regulatory Concerns

In a letter to the state government, BAI pointed out the recurring tax hikes on beer, arguing that such measures make the beverage unaffordable for many consumers. The association also raised concerns about “arbitrary mandates” related to labelling, which have made beer production increasingly difficult in Karnataka. These issues, according to BAI, create an uneven business environment, impacting industry growth, government revenue, and consumer affordability.

Disparities in Price Revision Approvals

BAI’s letter, signed by Director General Vinod Giri, stated “Now we face a situation where rules seem to be not being applied uniformly to all suppliers. As a responsible industry body, we think this is against the ethos of fair competition and will do more harm than good in the long run for the industry, the government revenues, the consumers, the local economy and the investment climate in the state”

The Bar Association of India (BAI) has raised concerns about the Karnataka government’s ₹5 price rounding policy. They claim a beer supplier’s price hike was approved without sufficient proof, while their members’ similar requests are being held back.

Conclusion

BAI has called on the Karnataka government to establish uniform regulatory practices that uphold fair competition. The association stressed that biased policies could negatively impact industry stakeholders, government revenue, and the overall investment climate in the state.

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.

Infosys: Work-from-Office Mandate to be Implemented for These Employees

Infosys, one of India’s leading IT firms, has decided to enforce stricter work-from-office rules by leveraging system interventions. According to a news report, the company has directed its technology team to ensure compliance with its hybrid work model, requiring employees to be present in the office for a minimum of 10 days per month.

System Intervention to Limit Work-from-Home Approvals

Beginning March 10, 2025, Infosys will introduce automated system interventions to regulate work-from-home requests. These measures will ensure that employees adhere to the new mandate while retaining a degree of flexibility. The system will no longer approve work-from-home requests by default, requiring employees to punch in at least 10 days a month through the company’s attendance tracking mobile app.

Targeted Employee Levels

The latest directive reportedly applies to employees at Job Level 5 (JL5) and below, covering roles such as:

  • Team leaders
  • Software engineers
  • Senior engineers
  • System engineers
  • Consultants

On the other hand, employees at Job Level 6 (JL6) and above, which include managers, senior managers, delivery managers, and senior delivery managers, have not been explicitly mentioned in this directive. However, vice presidents and higher-level executives remain exempt from this requirement.

Maintaining Hybrid Work with Greater Oversight

The Infosys hybrid work model allows for a blend of remote and in-office work. The recent decision appears to be aimed at increasing office attendance while maintaining flexibility for employees. The email cited in the report emphasised that employees must adhere to a minimum of 10 office days per month or as per business requirements, whichever is higher.

Conclusion

With Infosys taking the lead in implementing structured work-from-office guidelines, it remains to be seen how other IT firms will adapt their hybrid work policies in response to evolving workplace dynamics.

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.

RBI’s $77.5 Billion Short Positions: How It Could Impact Rupee Liquidity and Forex Reserves

The Reserve Bank of India (RBI) has reached a historic milestone in its foreign exchange management, with net short positions in the dollar forward book touching $77.5 billion as of January 31, 2024. According to a recent news report, these short positions, which are primarily in the 3-month to 1-year tenure, amount to $30.6 billion.

These forward positions are a key instrument in managing currency stability, but they come with liquidity implications. Any unwinding of these positions could impact rupee liquidity and affect the central bank’s foreign exchange reserves.

How Short Positions Affect Rupee Liquidity

Short positions in the forward book involve selling dollars in exchange for rupees at maturity. As these contracts mature, the RBI will have to inject rupees into the system, which could tighten liquidity.

The RBI also executed 2 dollar-rupee buy-sell swaps in February—one for $5 billion with a 6-month tenure and another for $10 billion with a 3-year tenure. These transactions suggest a strategic approach to managing forex liquidity over different time horizons.

Impact on Foreign Exchange Reserves

India’s foreign exchange reserves currently stand at $640 billion, significantly lower than the peak of $704 billion in September 2023. The import cover of the reserves is just over 10 months, which remains a comfortable level but has been declining.

As the RBI unwinds its forward positions, reserves could face additional pressure, affecting investor sentiment. Any large-scale dollar selling could also influence India’s external stability.

Market Perception and Forward Market Strategy

While the RBI has the option to manage rupee liquidity through positions in the non-deliverable forward (NDF) market, investors are increasingly factoring these movements into their assessment of India’s forex stability. The market’s perception of how RBI handles these rollovers could influence rupee volatility and overall forex market trends.

Conclusion

The RBI’s record short positions highlight its active role in currency management but also raise concerns about future rupee liquidity and forex reserves. As maturities approach, how the central bank handles rollovers or unwinding of positions will be critical in determining the rupee’s trajectory and India’s external stability.

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.

India Has 85,698 Super-Rich, Ranks 4th Globally Behind the US, China, and Japan

India has emerged as the 4th-largest hub for High Net-Worth Individuals (HNWIs) globally, with 85,698 individuals holding investable assets exceeding ₹8.69 crore (US$ 1 million), according to a Global Wealth Report. The country follows the United States, China, and Japan in terms of wealth concentration.

At the ultra-high-net-worth level, individuals with over ₹869 crore (US$ 100 million) in assets have now surpassed 1,00,000 globally for the 1st time, highlighting the expanding influence of the world’s wealthiest segment.

A Surge in Billionaire Growth

India’s billionaire population witnessed a 12% increase in the past year, reaching 191 billionaires. The country added 26 new billionaires in 2024 alone, a significant rise compared to just 7 new entrants in 2019. This surge underscores the country’s economic dynamism and wealth creation potential, particularly in sectors such as technology, startups, and financial services.

The United States continues to lead in HNWIs, holding nearly 40% of the global share, followed by China (20%) and Japan (5%). India’s steady rise places it among key emerging wealth hubs, alongside countries like France, Brazil, and Russia.

Factors Driving India’s Wealth Boom

India’s expanding HNWI population is being fuelled by multiple factors, including:

  • Economic Growth: A robust economy fostering wealth creation.
  • Entrepreneurial Ecosystem: The rise of startups and digital businesses contributing to financial success.
  • Rising Risk Appetite: Increasing investment in equity markets and high-growth sectors.
  • Global Market Trends: The influence of low interest rates and strong equity market performance, which have boosted returns on risk assets.

The convergence of these factors has helped India establish itself as a major wealth-generating economy, attracting global interest in its high-net-worth segment.

Conclusion

As India continues on its trajectory of economic and financial expansion, the country’s high-net-worth and ultra-high-net-worth populations are expected to grow further. With a strong foundation in technology-driven businesses and increasing investor participation, India is well-positioned to strengthen its global wealth ranking in the coming years.

While challenges such as inflation, policy changes, and global economic shifts remain, India’s wealth landscape reflects a broader transformation that could see it become an even more significant player in global wealth distribution.

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.

IRFC Achieves India’s 3rd Largest Government NBFC Status

The Indian Railway Finance Corporation (IRFC) has solidified its position as India’s 3rd largest government-owned Non-Banking Financial Company (NBFC). As of March 2024, the company reported a revenue of ₹26,600 crore (US$ 306.1 million) and a profit of ₹6,400 crore (US$ 73.6 million). Recognising its financial strength and consistent growth, the Government of India has awarded IRFC the prestigious Navratna status.

IRFC share price was trading higher by 2.38% as of 1:01 PM on March 6, 2025. 

Key Contributor to Indian Railways

IRFC has played a pivotal role in financing nearly 80% of Indian Railways’ rolling stock requirements. The company was also the first Central Public Sector Enterprise (CPSE) to issue a 30-year tenor bond in overseas markets, a milestone that highlights its financial credibility.

By December 2024, IRFC had amassed a market capitalisation of ₹2,00,000 crore (US$ 2.3 billion), assets under management (AUM) worth ₹4,61,000 crore (US$ 5.3 billion), and a net worth of ₹52,000 crore (US$ 598.6 million). 

Diversification Beyond Railways

While IRFC’s primary focus remains railway financing, the company is expanding its reach into other infrastructure sectors, including power generation, mining, fuel, telecom, and warehousing. It has already secured funding for 20 BOBR rakes for NTPC, valued at ₹700 crore (US$ 8.1 million).

Additionally, IRFC was the lowest bidder for financing a ₹3,190 crore (US$ 36.7 million) loan for Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary of NTPC. It has also secured approval from NTPC Renewable Energy Limited (NTPC REL) for a ₹7,500 crore (US$ 86.3 million) Rupee Term Loan (RTL).

Conclusion

IRFC is exploring new funding opportunities, including metro rail projects, port rail connectivity, and Public-Private Partnership (PPP) railway initiatives. As India progresses towards becoming a US$ 10 trillion economy under its Amrit Kaal vision, IRFC is set to play a crucial role in mobilising resources for infrastructure modernisation and national growth.

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.