Women’s Day 2025: Women Fund Managers See a 2x Surge in Assets to ₹13.45 Lakh Crore

The number of women fund managers in India has grown, and their assets under management (AUM) have seen an unprecedented rise. According to a recent report, assets managed or co-managed by women surged by 102% to ₹13.45 lakh crore at the end of January 2025, up from ₹6.66 lakh crore a year ago. This growth reflects an increasing presence of women in investment management roles, although their overall share in the mutual fund industry remains limited.

Women Fund Managers: Growth in Numbers

While the total number of fund managers in the Indian mutual fund (MF) industry increased from 473 to 482, the number of women fund managers grew from 42 to 49. This marks an increase in representation from 8.88% to 10.17%. Though still a small fraction of the total, it is a positive step towards gender diversity in financial decision-making.

Interestingly, this rise in assets managed by women comes despite the exit of 2 prominent fund managers — Anju Chhajer of Nippon India Mutual Fund and Sohini Andani of SBI Mutual Fund — from the industry in the past year.

Women’s Share in the Mutual Fund Industry

At present, women fund managers oversee around 20% (₹13.45 lakh crore) of the total ₹67.25 lakh crore in mutual fund assets. This is a significant increase from 12.63% (₹6.66 lakh crore) recorded in January 2024.

Despite this growth, many fund houses still do not have female fund managers. Currently, 25 fund houses employ 49 women fund managers, with varying levels of representation:

  • 6 fund houses have 3 or more women fund managers.
  • 6 fund houses have 2 women fund managers.
  • 13 fund houses have at least 1 woman fund manager.

Gender Diversity: Women Fund Managers by Fund House

A total of 339 schemes across 25 fund houses were managed or co-managed by women at the end of January 2025. Among them, ICICI Prudential Mutual Fund leads in gender diversity, with the highest representation of seven women fund managers managing ₹2.27 lakh crore across 66 schemes.

Other key fund houses with notable women representation include:

  • SBI Mutual Fund: 5 women fund managers handling ₹1.88 lakh crore across 14 schemes.
  • Nippon India Mutual Fund: 2 women fund managers overseeing ₹1.53 lakh crore across 26 schemes.

Top Women Fund Managers and Their AUM

The top 5 women fund managers among the 49 oversee around 46% (₹6.13 lakh crore) of the total assets managed by women in the industry.

Leading Women Fund Managers in India:

  1. Mansi Sajeja (SBI MF): ₹1.41 lakh crore
  2. Kinjal Desai (Nippon India MF): ₹1.37 lakh crore
  3. Krishnaa N (Axis MF): ₹1.35 lakh crore

For perspective, India’s largest asset manager, Manish Banthia of ICICI Prudential MF, manages or co-manages ₹3.49 lakh crore, showing the scale of assets under top fund managers.

Women Managing the Most Schemes:

  • Ashwini Shinde (ICICI Prudential MF): 47 schemes
  • Ekta Gala (Mirae Asset India MF): 30 schemes
  • Kinjal Desai (Nippon India MF): 24 schemes

Conclusion: A Step Towards Gender Inclusion

The surge in assets managed by women fund managers and their growing presence in the Indian mutual fund industry mark a significant step toward gender inclusivity. While the percentage of women in fund management remains modest, the increasing number of women leading investment strategies suggests a promising future. As more institutions embrace gender diversity, this trend is expected to strengthen further in the coming years.

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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. 

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

Retail Option Trading Drops by 20% After SEBI Measures

India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has been actively working to curb high-risk derivatives trading among retail investors. Over the past year, a series of regulatory measures have been introduced to reduce excessive speculation in the futures and options (F&O) segment. The impact of these regulations is now becoming evident, with a significant decline in retail derivatives trading activity.

SEBI’s 6-Step Framework and Its Implementation

In late 2023, SEBI introduced a 6-step framework aimed at reducing the risks associated with derivatives trading. The measures included:

  • Increasing contract sizes for options to ensure that only investors with sufficient capital participate.
  • Limiting weekly expiries to one per exchange to reduce speculative trading.
  • Stricter margin requirements to deter excessive leveraging.
  • Higher position limits for institutional traders to prevent market manipulation.
  • Alignment of derivatives with cash markets for better risk management.
  • Enhanced investor awareness campaigns highlighting the risks of F&O trading.

These regulations were implemented following a study that found retail traders had collectively lost nearly ₹1.8 lakh crore in options trading over the previous 3 years.

Decline in Retail Trading Activity

Since the new rules came into effect in November 2023, trading volumes in the F&O segment have witnessed a sharp decline. According to a recent report:

  • Retail premium traded in January-February 2024 has declined by 20% compared to the pre-regulation average (April-October 2023).
  • Institutional premium turnover has dropped even further, showing a 25% decline.
  • Options contract volumes have declined across both retail and institutional investors by approximately 80%.

These figures indicate that SEBI’s measures have been effective in reducing speculative trading.

Impact on Retail Investor Participation

The new regulations have disproportionately affected retail investors, particularly those trading with lower capital. The report highlights that:

  • Participation in the lower-end segment (traders handling less than ₹10 lakh) has declined by 25%.
  • The decline in participation at the higher-end segment (traders handling large volumes) is around 7%.

This disparity stems from the fact that 25% of traders account for 95% of options premium turnover, meaning the impact of regulations has been unevenly distributed.

Institutional Trading Under Pressure

Institutional traders have also experienced reduced trading volumes, largely due to:

  • Higher expiry-day margins on short positions, which have been in place since November 2023.
  • Proposed index position limits, which could further restrict institutional trading activity.

SEBI has also proposed that market-wide position limits for single-stock derivatives be linked to cash market volumes. This would cap the position limit at the lower of:

  • 15% of the stock’s free-float market capitalisation, or
  • 60 times the average daily delivery value.

If implemented, this move aims to reduce potential market manipulation and align derivatives risk with underlying stock liquidity.

What Lies Ahead?

While the decline in trading volumes is evident, analysts suggest that any second-order effects of SEBI’s regulations will take 6-12 months to fully materialise. Some industry experts believe that another round of tightening in the near future is unlikely, given the substantial impact the current measures have already had on market dynamics.

As the derivatives market continues to adjust to these changes, it remains to be seen how traders—both retail and institutional—adapt to the evolving regulatory environment.

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 Revises Profile Update Rules: Key Changes and Process Explained

The Employees’ Provident Fund Organisation (EPFO) has introduced significant changes to the profile update process for its members. Under the revised rules, EPF members can now update their Aadhaar-linked Universal Account Number (UAN) details without uploading supporting documents. This update is expected to reduce delays and simplify the correction process for millions of EPF account holders.

Previously, any modifications to personal details required employer approval, which took an average of 28 days to process. The new changes will allow self-approval for nearly 45% of the correction requests, significantly speeding up the process.

Changes in UAN Update Rules

EPF members can now directly update key personal details such as name, date of birth, gender, nationality, and marital status if their UAN is Aadhaar-validated. Additionally, changes to the father’s/mother’s name, spouse’s name, date of joining, and date of leaving can be made without employer intervention.

However, for UANs issued before October 1, 2017, employer approval is still required for any updates. Aadhaar and PAN linking to the EPF account remains mandatory for profile modifications and withdrawals. Any discrepancies between EPF details and Aadhaar may delay approval, requiring additional verification.

Step-by-Step Guide to Updating EPF Profile

 

EPF members can follow these steps to update their profile details online:

  1. Visit the Unified Member Portal at www.epfindia.gov.in
  2. Log in using UAN number, password, and captcha
  3. Click on ‘Manage’ in the menu bar
  4. Select ‘Modify Basic Details’
  5. Enter updated personal details as per Aadhaar and submit
  6. Track the update status using the ‘Track Request’ option

Conclusion

The revised EPFO profile update process eliminates the need for document uploads and employer approval in most cases, streamlining the correction process. However, older UANs still require verification, and ensuring Aadhaar and PAN linking remains crucial for smooth updates and withdrawals.

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. 

Government Likely to Announce DA Hike Before Holi: What to Expect

As Holi approaches, central government employees and pensioners await an official announcement regarding a Dearness Allowance (DA) and Dearness Relief (DR) hike. The government revises these allowances twice a year, in January and July, to help offset inflation. While the January revision is usually announced around Holi, the July revision is typically declared near Diwali. As per news Reports, a 2% DA increase is likely, bringing the revised rate to 55% of basic pay. However, the final decision depends on Union Cabinet approval.

DA Calculation and Previous Hikes

The DA rate is calculated based on the All India Consumer Price Index for Industrial Workers (AICPI-IW), compiled by the Labour Bureau in Shimla. The formula differs for central government and public sector employees:

  • For central government employees:

DA (%) = [(Average AICPI for the past 12 months (Base Year 2001=100) – 115.76) / 115.76] x 100

  • For public sector employees:

DA (%) = [(Average AICPI for the past 3 months (Base Year 2016=100) – 126.33) / 126.33] x 100

The last DA hike was announced on March 7, 2024, when the Cabinet increased DA to 50% from 46%. Another 3% hike was approved on October 16, 2024, raising DA to 53%, effective from July 1, 2024.

Upcoming Hikes and the 8th Pay Commission

With the 8th Pay Commission set to be implemented in 2026, discussions have begun on whether DA will be reset and merged into basic pay. The commission’s recommendations are expected to be finalised by the end of the ongoing financial year and implemented in the next fiscal year.

Before this transition, three more DA hikes under the 7th Pay Commission are anticipated—two in 2025 and one in 2026. The upcoming January 2025 hike is expected to be 2%, bringing DA to 55%, subject to Cabinet approval.

Conclusion

The expected DA hike before Holi reflects the government’s ongoing adjustments to counter inflation for its employees and pensioners. With the 8th Pay Commission on the horizon, further changes in pay structure and DA calculations are anticipated, ensuring financial stability for government workers.

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. 

Check Gold and Silver Prices in Your City on March 6

On March 6, 2025, gold prices increased in both international and domestic markets. In the international market, gold prices rose marginally by 0.07%, trading above $2,920 per ounce as of 11:52 AM.

In India, gold prices surged by ₹180 per 10 grams in major cities on March 6, 2025, as of 11:52 AM.

  • In Mumbai, 24-carat gold is priced at ₹8,622 per gram, while 22-carat gold costs ₹7,904 per gram.
  • The 24-carat gold price per 10 grams stands at ₹86,220.
  • In Delhi, 22-carat gold is currently ₹78,907 per 10 grams, while 24-carat gold is trading at ₹86,080 per 10 grams.

Gold Prices Across Major Indian Cities (March 6, 2025)

Here is a detailed breakdown of gold prices as of March 6, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 86,460 79,255
Hyderabad 86,350 79,154
Delhi 86,080 78,907
Mumbai 86,220 79,035
Bangalore 86,280 79,090

Silver Prices in India on March 6, 2025

International silver prices increased by 0.03% to $32.61 per ounce as of 11:52 AM. In India, silver prices surged by ₹400 per kg.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/KG 
Mumbai 97,860
Delhi 97,690
Kolkata 97,790
Chennai 98,200

 

Key Takeaways

  • Gold Prices: Prices of both 22-carat and 24-carat gold have increased across major Indian cities. Gold in international markets is trading above $2,920.
  • Silver Prices: Silver prices have increased in both international and domestic markets.

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.

Chambal Fertilisers Share Price Hits 52-Week High; Up Over 17% on YTD Basis

Chambal Fertilisers & Chemicals Limited (CFCL), established in 1985 by Zuari Industries Limited, is a key player in India’s fertiliser industry. The company operates three urea manufacturing units in Gadepan (Kota, Rajasthan), with a total installed capacity of around 3 million metric tonnes per annum (MMTPA). These units use natural gas as feedstock, supplied through the Hazira-Vijaypur-Jagdishpur (HVJ) gas pipeline by GAIL.

Beyond urea production, CFCL engages in trading various agricultural inputs, including complex fertilisers (DAP, MOP, SSP), pesticides, and seeds. In 2013, the company further expanded its portfolio by commissioning an SSP plant at Gadepan with a capacity of 0.2 MMTPA.

Share Price Performance

On March 6, 2025, Chambal Fertilisers & Chemicals share price reached a fresh 52-week high of ₹588.80 on the NSE. As of 11:40 AM, the stock was trading up by 1.51%.

Year-to-Date (YTD) Performance: The stock has gained 17.4% so far in 2025.

Financial Performance in Q3FY25

Chambal Fertilisers demonstrated steady growth in its financials during the quarter ended December 31, 2024.

During the quarter ended December 31, 2024, on a standalone basis, the Company has achieved an EBITDA of ₹843 crore, as against ₹724 crore last year. This is a growth of about 16% YoY. A profit after tax of 505 crore, as against ₹404 crore last year, which is also a growth of 25%. 

For the 9 months, the Company achieved an EBITDA of ₹2,619 crore as against ₹2,199 crore last year, which is a growth of about 19%. And a PAT of ₹1,557 crore, as against 1,245 crore, showing a growth of 25% year-on-year. 

At the consolidated levels, also the Company has performed well during the quarter, registering a PAT of Rs. 534 crore, as against ₹459 crore last year, which is a growth of 16%. For the nine months, PAT reported ₹1,519 crore, as against ₹1,179 crore last year, which is showing a growth of 29%.

Operational Highlights

Chambal Fertilisers’ production and sales figures remained strong in Q3FY25:

  • Urea Production: 9.18 lakh metric tonnes, in line with last year’s 9.19 lakh metric tonnes.
  • Urea Sales: 9.88 lakh metric tonnes, up from 8.92 lakh metric tonnes in Q3FY24.
  • Timely Subsidy Receipts: The company received ₹3,350 crore in subsidies during the quarter, ensuring smooth cash flow and operational efficiency.

Conclusion

Chambal Fertilisers’ robust financial performance, optimal capacity utilisation, and strong market presence have contributed to its rising share price. With steady growth in profitability and timely subsidy inflows, the company remains a significant player in India’s fertiliser 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.

RBI’s ₹1 Lakh Crore OMO and $10 Billion Forex Swap: A Move to Address Liquidity Challenges

The Reserve Bank of India (RBI) has announced liquidity-enhancing measures, including open market operations (OMOs) worth ₹1 lakh crore and a USD/INR buy/sell swap auction of $10 billion. These initiatives aim to stabilise liquidity in the banking system amid fiscal year-end pressures and increasing credit demand.

Breakdown of the OMO and Forex Swap Measures

To address the liquidity crunch, the RBI has scheduled 2 tranches of OMO purchase auctions, each worth ₹50,000 crore, on March 12 and March 18. Additionally, a $10 billion USD/INR buy/sell swap auction for a 36-month tenor will be conducted on March 24.

The RBI reiterated its commitment to closely monitoring liquidity and market conditions, adjusting its approach as necessary to ensure financial stability.

Why Is Liquidity Under Pressure?

The liquidity deficit in the banking system has significantly fluctuated in recent months:

  • December 2024: ₹65,000 crore deficit
  • January 2025: Widened to ₹2.07 lakh crore
  • February 2025: Improved slightly to ₹1.59 lakh crore

Despite this marginal recovery, liquidity remains constrained due to year-end tax outflows and a rise in credit demand. The RBI has been deploying multiple tools since January 16 to manage liquidity, including:

  • Variable Rate Repo (VRR) auctions
  • Open market operations (OMOs)
  • A 25 basis points repo rate cut

The $10 billion forex swap auction—the largest ever conducted by the RBI—has also played a role in infusing durable liquidity into the system.

Impact on Bond Markets and Interest Rate Spreads

While these measures aim to ease liquidity, bond markets remain stressed, with corporate bond yields and certificate of deposit (CD) rates staying elevated.

  • The spread between the repo rate and corporate bond yields has widened to 125 basis points.
  • The spread between the repo rate and 3-month CDs has increased to 119 basis points as of February.

Additionally, state government securities (SGS) yields have diverged from central government securities (G-secs), with spreads widening from 30-35 basis points to 45-50 basis points, despite recent rate cuts.

Could OMOs in State Government Securities (SGSs) Be the Next Step?

Market observers suggest that additional OMOs targeting state government securities (SGSs) may be needed to reduce these widening spreads and enhance monetary policy transmission. Addressing this divergence could help improve liquidity conditions further and ensure more uniform financial stability across different segments of the debt market.

Conclusion: A Watchful Approach Amid Evolving Conditions

The RBI’s recent actions underscore its proactive stance in managing liquidity and stabilising financial markets. As tax outflows and credit demand continue to exert pressure, market participants will be closely watching how these measures impact liquidity conditions, interest rate spreads, and overall market stability in the coming months.

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.

Tesla signs 5-year lease deal to open first showroom in Mumbai; rent is $446,000

Tesla, the US-based electric vehicle (EV) giant, has taken a major step towards entering the Indian market by securing a lease for its first showroom in Mumbai. According to a report, Tesla has signed a 5-year lease agreement, marking a renewed effort to establish a presence in India after previous plans were put on hold.

Lease Agreement Details

The registered lease documents reveal that Tesla will begin operations at its Mumbai showroom on February 16, 2025. The showroom will be 4,003 square feet (372 square metres) in size—equivalent to the dimensions of a basketball court.

The initial rent for the first year is set at $446,000. The agreement includes a structured rent increase of 5% annually, culminating in an estimated $542,000 rent for the fifth year. This data has been sourced from a lease document. 

Prime Location in Bandra Kurla Complex

The showroom will be located in the Maker Maxity building, situated in Mumbai’s Bandra Kurla Complex (BKC). This area serves as a key business and retail hub, with its proximity to the city’s airport adding to its strategic advantage.

Expansion Plans: More Showrooms on the Horizon

The Mumbai showroom is just the beginning of Tesla’s expansion in India. Reports indicate that the company is also in the process of finalising locations for new and additional showrooms in New Delhi and Mumbai. This suggests a broader strategy for entering the Indian EV market, where demand for sustainable mobility solutions is growing.

Tesla’s Renewed Push into India

Tesla’s latest move follows a high-profile meeting between its CEO Elon Musk and Indian Prime Minister Narendra Modi in the US. The meeting had sparked widespread speculation regarding Tesla’s entry into India, and the Mumbai showroom deal now appears to be a step towards realising those ambitions.

Previously, Tesla had put its India expansion plans on hold due to policy uncertainties. However, with India’s push for increased EV adoption and incentives for clean energy vehicles, Tesla seems poised to make its long-awaited entry into the Indian market.

Conclusion

While Tesla has yet to officially comment on the Mumbai showroom lease, the deal signals a strong intent to bring its premium electric vehicles to India. The company has been advocating for lower import duties to make its cars more affordable in the country, and a formal presence in Mumbai could be a precursor to further developments in that direction.

With Tesla making strategic moves to establish its footprint in India, the EV landscape in the country is set to become even more dynamic in the coming years.

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.

NRIs and PIOs Invest ₹60,998 Crore in GIFT City Funds

The Gujarat International Finance Tec-City (GIFT City) has emerged as a key investment hub for the Indian diaspora, with funds flowing in from Non-Resident Indians (NRIs) and People of Indian Origin (PIOs). According to the International Financial Services Centres Authority (IFSCA) chairman, Mr. K Rajaraman, investments in GIFT City-based funds have now surpassed ₹60,998 crore (US$ 7 billion).

In 2024 alone, NRIs and PIOs remitted over ₹11,24,106 crore (US$ 129 billion) to India, with their global investment footprint estimated to be of a similar magnitude. The fund ecosystem within GIFT City has attracted around 5,000 NRIs, with ₹13,071 crore (US$ 1.5 billion) allocated to banking products and ₹60,998 crore (US$ 7 billion) in investment funds.

Dedicated Investment Facilities Launched in 2024

To further capitalise on this inflow, dedicated diaspora investment facilities were introduced in 2024. Rajaraman emphasised that India’s 19-million-strong diaspora presents a significant opportunity for fund mobilisation. Unlike traditional rupee-based investments, GIFT City offers financial instruments in foreign exchange terms, making it an attractive destination for overseas investors.

With India aiming to achieve developed nation status by 2047, Rajaraman underscored the need for structural reforms over the next three to five years to align with global financial standards. The IFSCA is actively benchmarking GIFT City against other major international financial centres to enhance its competitiveness.

GIFT City’s Expanding Banking and Financial Services

GIFT City has also witnessed rapid expansion in the banking sector. The 30 banks, including 15 international banks, now have assets under management exceeding ₹6,79,692 crore (US$ 78 billion). Additionally, Indian corporates have raised around ₹4,35,700 crore (US$ 50 billion) from the international banking system within GIFT City.

Recently, a major Indian corporation sought to borrow ₹26,142 crore (US$ 3 billion), indicating growing confidence in GIFT City’s financial infrastructure.

Beyond Finance: Aviation and Shipping Sectors in Focus

Apart from banking and funds, GIFT City is expanding into new sectors like aviation and shipping. According to IFSCA’s Executive Director, Mr Dipesh Shah, GIFT City has registered 33 aircraft leasing firms, with 198 aviation assets already leased. This diversification aims to establish GIFT City as a comprehensive global business hub.

Addressing Risks: Internal Controls and Cybersecurity

As financial and corporate activities increase, risk management and cybersecurity remain key concerns. Renowned banking veteran Mr K V Kamath stressed the importance of strong internal controls for startups operating in this evolving financial landscape.

A recent survey by the Institute of Internal Auditors and Protiviti India revealed that two-thirds of chief audit executives consider artificial intelligence, bots, and cybersecurity as top risks. However, only 16% feel highly prepared to handle these emerging threats, highlighting the need for improved governance and compliance frameworks.

Conclusion

GIFT City is rapidly positioning itself as a global financial powerhouse, attracting substantial diaspora investments and corporate borrowings. With the banking, aviation, and shipping sectors gaining momentum, its future as an international financial centre looks promising. However, regulatory reforms and enhanced risk management will be crucial to sustaining long-term growth and 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.

119 Stocks Hit Upper Circuit on NSE: Shakti Pumps, E2E Networks, and More

Indian benchmark indices opened positively on March 6, 2025, amid strong global cues. However, after an initial rise, the indices failed to sustain higher levels, slipping into negative territory as India VIX surged.

The Nifty 50 index was trading down by 0.13% around the 22,300 mark. Despite this, broader indices remained in the green, with Nifty Smallcap 100 up by 0.88% and Nifty Midcap 100 rising by 0.44%. Amid this broader market outperformance, 119 stocks hit their upper circuit limit on the NSE as of 9:58 AM.

3 stocks that hit the upper circuit on March 6, 2025

1. Shakti Pumps

Founded in 1982 by the Patidar family, Shakti Pumps is a leading manufacturer of solar pumps, submersible pumps, and booster pumps. The company also produces components such as pump motors, connectors, and steel structures for solar setups. Shakti Pumps mainly caters to government orders for farmers and also supplies pumps for residential and industrial use.

The stock hit its upper circuit limit of 5% at 9:58 AM after promoters Shakti Future Trust and Shakti Sons Trust acquired shares from the open market.

2. E2E Networks

E2E Networks is India’s leading hyperscaler, focusing on advanced Cloud GPU infrastructure. The company is known for providing high-performance cloud computing solutions, including NVIDIA A100, H100, and the newly available H200 GPUs on the cloud. This strengthens its position as India’s premier IaaS provider in the Cloud GPU segment.

E2E Networks’ share price hit an upper circuit of 5% early in the trading session.

3. ACME Solar Holdings

ACME Solar Holdings is one of India’s largest renewable energy independent power producers (IPPs), managing a 6.97 GW portfolio across solar, wind, hybrid, and firm & dispatchable renewable energy (FDRE) projects. With integrated in-house capabilities, the company develops, builds, owns, and operates utility-scale projects focused on clean energy generation.

The stock touched an intraday high of ₹210.93 before settling at ₹204.77 at 10:08 AM, up by 1.93%. The share price remains in focus as the company is currently conducting a one-on-one investor meeting in Hong Kong.

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.