Vakrangee Limited has announced a corporate agency partnership with Tata AIG General Insurance Company Limited. This agreement will allow Vakrangee to offer Tata AIG’s general insurance products, including health, motor, travel, and other insurance plans, through its network of Vakrangee Kendras. 

The partnership is focused on expanding access to insurance services, especially in areas where such financial products are not easily available.

Reaching Underserved Areas

Vakrangee Kendras are multi-service outlets providing various financial and digital services. A significant 83% of these outlets are in Tier-4 to Tier-6 locations, making them positioned to serve communities with limited access to insurance.

Apart from insurance, Vakrangee Kendras offer banking, ATM access, e-governance, assisted e-commerce, and healthcare services. The company has been expanding its service portfolio through partnerships with multiple businesses. 

Financial Performance 

In Q3 FY2024-25, Vakrangee reported a total income of ₹6,863 lakh, showing a 31.7% increase YoY. Its profit before tax stood at ₹161.3 lakh, marking a 72% rise compared to the previous year. For the nine-month period, total income reached ₹19,429.6 lakh, while profit before tax saw a 110.1% increase to ₹590.6 lakh. 

Vakrangee has a market capitalisation of over ₹1,900 crore. LIC holds a 4.41% stake, while FIIs increased their stake to 2.82% in December 2024 from 2.74% in September 2024.

Vakrangee Limited’s stock is trading at ₹17.68, down ₹0.93 (5.00%) as of February 7, 11:20 AM. Over the past six months, the stock has declined by 19.20%, and over the past year, it has dropped by 35.73%.

About Tata AIG

Tata AIG General Insurance, a joint venture between the Tata Group and American International Group (AIG), started operations in 2001. The company has ₹30,577 crore in assets under management (AUM) as of December 2024 and operates 249 branches across 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. 

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Max India has approved an investment of up to ₹219 crore in its wholly owned subsidiaries, Antara Senior Living Limited and Antara Assisted Care Services Limited, for the financial year 2025-26. The funds will be infused through a rights issue or inter-corporate deposits (ICDs) in multiple phases, depending on the subsidiaries’ requirements.

As of February 7, 2025, at 12:03 PM, Max India Ltd. is trading at ₹240.60, down ₹12.10 (-4.79%) for the day, declining 23.81% over the past six months but gaining 13.52% in the past year.

Allocation of Funds

The investment will be divided as follows:

• ₹71 crore for Antara Senior Living Limited
• ₹148 crore for Antara Assisted Care Services Limited

The company will either subscribe to new equity or preference shares under rights issues or provide ICDs to support the funding needs of these businesses.

Purpose of the Investment

The funding is aimed at meeting the business expansion and operational requirements of both subsidiaries. Antara Senior Living Limited focuses on senior living communities, while Antara Assisted Care Services Limited provides assisted care services.

India’s senior population (aged 60 and above) is to reach 347 million by 2050, increasing the demand for senior living and healthcare services. Companies operating in this space are expanding to meet the growing requirements of this segment.

Regulatory Filings

The details of this investment have been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required information is included in ‘Annexure-C’ of the company’s filing.

Investment Timeline

The capital infusion will take place over multiple phases throughout the financial year 2025-26. The company will assess the funding needs and proceed with the investment accordingly. This approval allows Max India to allocate capital towards its subsidiaries as they expand their operations and services.

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. 

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Sudarshan Chemical Industries Limited (SCIL), established in 1951 and headquartered in Pune, India, stands as a preeminent global manufacturer of colour and effect pigments. With over seven decades of expertise, SCIL offers an extensive portfolio, including organic, inorganic, and effect pigments, alongside performance colourants and speciality chemicals.

Sudarshan Chemical Industries Limited (SCIL) Lauched New Products

On February 6, 2025, SCIL unveiled a strategic expansion to its product lineup with the launch of five pioneering pigments specifically designed for agro-based applications. 

These cutting-edge products—Sudafast Red 336AG, Sudafast Green 2730AG, Sudafast Blue 2786AG, Sudaperm Violet 2940AG, and Sudafast Green 2717AG—are engineered to meet the stringent demands of both domestic and international agricultural markets. Boasting superior stability and effectiveness, they are poised to revolutionise pigment solutions within the sector.

SCIL Future Plan 

This product launch exemplifies SCIL’s unwavering commitment to innovation and the delivery of value-driven solutions while reinforcing its adherence to exemplary standards of corporate governance. The company’s proactive approach aligns seamlessly with its strategic mission to cater to evolving customer demands and fortify its global presence.

New Products does not Follow SEBI Guidelines

Although this development marks a significant milestone, SCIL clarified that the announcement does not constitute a material event under the Securities and Exchange Board of India (SEBI) guidelines. Nonetheless, the company’s dedication to transparency and engagement with stakeholders remains resolute.

Sudarshan Chemical Industries Limited (SCIL) Q2 FY25 Results

SCIL demonstrated an impressive performance for the second quarter of FY25, ending on 30th September 2024. The company recorded a consolidated net profit of ₹29.90 crore, representing a remarkable 67.41% surge compared to ₹17.86 crore in the corresponding quarter of the previous fiscal year. 

Revenue from operations saw robust growth, increasing by 15.83% to ₹688.91 crore, up from ₹594.75 crore in the same period last year.

Sudarshan Chemical Industries Ltd. Share Price and Performance 

At 12:47 PM today, Sudarshan Chemical Industries Ltd. shares traded at ₹1,028.05 per share on the NSE.

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.

IdeaForge Technology has launched its latest unmanned aerial vehicle (UAV), the NETRA 5, engineered for critical military and surveillance operations. Weighing under 8 kg, the drone is designed for rapid deployment and features advanced sensors, AI-driven tracking, and modular payload adaptability.

Cutting-Edge Capabilities for Enhanced Operations

The NETRA 5 is a man-portable UAV that can be deployed in under three minutes, making it suitable for fast-response scenarios. Equipped with all-weather radar sensors and obstacle detection, it ensures safe operations in complex environments.

The drone can detect and track military assets such as bunkers, tanks, and bridges, as well as identify people and moving objects in real-time, even in GNSS-denied conditions.

With its modular design, the NETRA 5 accommodates a primary dual electro-optical/infra-red (EO/IR) sensor and a secondary payload bay supporting an open communication protocol. 

This enables integration with LiDAR, multispectral sensors, and synthetic aperture radar (SAR), expanding its applications to fog penetration, threat detection, precision delivery, and mapping. Built to withstand extreme conditions, it can endure up to 5,000 landings while maintaining operational efficiency.

Ideaforge’s Continued Innovation in UAV Technology

Founded in 2007 by Ankit Mehta, Ashish Bhat, and Rahul Singh, ideaForge is backed by Infosys and Qualcomm Ventures. The company specialises in UAVs for defence, homeland security, mining, construction, agriculture, energy, and utilities. Since pioneering India’s first VTOL UAVs in 2009, ideaForge has expanded its R&D and manufacturing facilities across Navi Mumbai and Bengaluru, maintaining a strong strategic presence in Delhi and the US.

ideaForge claims to have India’s largest operational deployment of indigenous UAVs, with one drone taking off every three minutes and over 600,000 successful flights to date. The company will officially showcase the NETRA 5 along with its tactical UAV, SWITCH V2, and a logistics UAV concept at Aero India 2025 in Bengaluru next week.

Ideaforge Technology Share Performance

As of February 07, 2025, at 9:50 AM, the shares of Ideaforge Technology are trading at ₹448.90 per share down by 1.29% from its previous day’s closing price.

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. 

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The Tata Power Company Limited, a distinguished integrated power enterprise and a key constituent of the Tata Group—India’s largest multinational business conglomerate—boasts a diverse power generation portfolio of 15.6 GW.

Tata Power has Successfully Restored Unit 5

Tata Power has successfully restored Unit 5 (500 MW) at its Trombay Thermal Power Station within a record-breaking timeframe, following a fire incident in the cable vault on September 23, 2024.

Demonstrating exceptional operational efficiency, the restoration was accomplished within just four months from the placement of the order, ensuring the uninterrupted supply of power to the grid.

The unforeseen fire had temporarily disrupted operations, but thanks to the swift and coordinated efforts of the Trombay team and fire safety authorities, the incident was swiftly contained. Meticulous damage assessment and the execution of a comprehensive and expeditious restoration plan ensured minimal disruption to the power supply.

Trombay Plant Since 1956

Since its inception in 1956, the Trombay Plant has been central to Mumbai’s power infrastructure, starting with the city’s first 62.5 MW thermal power station. Between 1960 and 1997, it expanded with eight additional units, strengthening energy security. 

 

Notably, Unit 5 became India’s first 500 MW multi-fuel generating unit, featuring a then-record 150-metre chimney. With a current capacity of 930 MW, the Trombay Plant continues to provide reliable electricity to both bulk and retail consumers, playing a key role in Mumbai’s power ecosystem.

Tata Power’s Unit 5

Complementing Unit 5, Tata Power’s 447 MW hydroelectric plants play a vital role in balancing peak demand and integrating renewables, strengthening Mumbai’s energy landscape. Focused on advanced technologies and system reliability, Tata Power’s successful reactivation of Unit 5 positions it to meet rising energy demands, reaffirming its commitment to innovation, sustainability, and consumer satisfaction.

Tata Power Company Ltd. Share Price and Performance

At 1:13 PM today, Tata Power Company Ltd shares traded at ₹369.70 per share on the NSE.

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.

PVR INOX Ltd., India’s premier multiplex chain, emerged from the merger of PVR Cinemas and INOX Leisure Limited, creating a formidable leader in the entertainment landscape. 

PVR INOX Q3 FY25 Results

On February 6, 2025, PVR INOX marked a spectacular return to profitability, reporting a remarkable 180% surge in consolidated net profit for Q3 FY25, largely propelled by a series of festival blockbusters, including the runaway success ‘Pushpa 2’. The film single-handedly accounted for a staggering 36% of box office takings during the period. 

The company recorded a consolidated net profit of ₹35.9 crore for Q3 FY25, compared to ₹12.8 crore in the same period last year and a net loss of ₹11.8 crore in the previous quarter. Revenue from operations soared by 11% year-on-year to ₹1,717.3 crore. 

About ATP 

Additionally, the multiplex behemoth achieved its highest post-pandemic quarterly advertising revenue of ₹148.6 crore, alongside record-breaking figures for average ticket price (ATP) at ₹259 and food and beverage spend per head (SPH) at ₹140. Another significant achievement was the reduction of net debt by ₹434.6 crore, bringing it down to ₹995.8 crore as of December 2024.

Statement From Vice President of PVR INOX

Saurabh Pant, Vice President of Finance and Investor Relations, elaborated further, stating that the film added ₹254 crore to the company’s Hindi box office collections and approximately ₹63 crore to ₹67 crore from other regional language screenings.

 

To fuel sustainable growth, the company adopted a strategic shift by scaling back capital expenditure. “We transitioned to an innovative growth model focused on FOCO (franchise-owned, company-operated) and asset-light formats,” Pant explained.

Statement From Executive Director of PVR INOX

Sanjeev Bijli, Executive Director of PVR INOX, credited Pushpa 2: The Rule as the primary revenue driver for Q3 FY25, contributing ₹1,450 crore at the Indian box office. 

Looking ahead, he highlighted key upcoming releases such as Chhaava on February 14 alongside Captain America: Brave New World, followed by The Diplomat with John Abraham, Shankara featuring Akshay Kumar, and Salman Khan’s much-anticipated Sikandar in March.

PVR INOX Ltd. Share Price and Performance 

At 12:04 PM today, PVR INOX Ltd. shares traded at ₹1,082.95 per share on the NSE.

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.

Bikaji Foods International Ltd. reported a 14.5% year-on-year (YoY) increase in revenue for Q3FY25, reaching ₹7,149 million. Volume growth was 3.0% YoY. EBITDA stood at ₹555 million, with a 7.8% margin, affected by inflationary pressure and higher raw material costs. Profit after tax (PAT) was ₹278 million, translating to a 3.9% margin. Earnings per share (EPS) (Basic) stood at ₹1.14.

As of February 7, 1:15 PM, Bikaji Foods International Ltd. traded at ₹674.95, down ₹58.80 (8.01%) for the day. Over the past six months, the stock has declined by 14.17%, but it remains up by 19.67% over the past year.

Segment-Wise Performance

Traditional snacks remained the highest revenue contributor, making up 62.1% of total sales, with a 10.5% YoY growth. Packaged sweets saw a 11.2% increase YoY, contributing 18.1% to revenue. The papad segment grew by 9.6%, accounting for 6% of revenue. Western snacks, which form 6.8% of total sales, saw no significant growth this quarter

Nine-Month Performance

For the nine-month period (9MFY25), revenue rose 17.1% YoY to ₹20,082 million, with 10.9% volume growth. EBITDA for the period stood at ₹2,539 million, with a 12.6% margin. PAT for the nine months was ₹1,544 million, with a 7.7% margin.

The company cited inflation in key raw materials, including edible oil, potatoes, and packaging materials. Price adjustments were made to counter rising costs. While urban demand slowed down, rural demand improved during the quarter.

Expansion and Acquisitions

Bikaji increased its direct distribution by adding 10,000 new outlets in Q3FY25. In December 2024, it incorporated a new subsidiary, Bikaji Bakes Private Limited. The company also acquired Hazelnut Factory Food Products Pvt. Ltd.in October 2024.

Gross margin for Q3FY25 was 29%, while EBITDA margin stood at 7.8%. For the nine-month period, gross margin was 32%, and EBITDA margin was 12.6%. The company continues to focus on expansion while dealing with cost pressures.

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. 

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Solar Industries India Limited has achieved a significant milestone as its wholly owned subsidiary, Economic Explosive Limited (EEL), has secured a ₹6,084 crore contract from the Ministry of Defence. 

The agreement pertains to the supply of Area Denial Munition (ADM) Type-1 (DPICM) and High Explosive Pre-Fragmented (HEPF) Mk-1 (Enhanced) rockets for the Pinaka Multiple Launcher Rocket System (MLRS)—a critical addition to India’s defence arsenal.

The share price of Solar Industries reached an intraday high of ₹9,355 on the NSE as of 9:59 AM on February 7, 2025

Pinaka MLRS: A Key Component of India’s Defence Strategy

The Pinaka Multiple Launcher Rocket System (MLRS) is a sophisticated, long-range artillery weapon developed by the Defence Research and Development Organisation (DRDO). Known for its rapid response and precision, the Pinaka system enhances the Indian Army’s capability in modern warfare.

The contract awarded to EEL signifies a growing emphasis on indigenous defence manufacturing under the Atmanirbhar Bharat Abhiyan (Self-Reliant India Initiative). As a production agency nominated by DRDO, EEL will manufacture all variations of the Pinaka Rocket System, reinforcing its role in India’s strategic defence production.

Contract Details: A Major Boost for Indigenous Defence Manufacturing

• Contract Size: ₹6,084 crore
• Awarded by: Ministry of Defence
• Nature of Contract: Supply of defence products
• Execution Timeline: 8 to 15 years, with 86% completion within the first 10 years
• Significance: The biggest contract in the history of Solar Industries India Limited

This agreement is a major step towards self-sufficiency in the Indian defence sector, aligning with national policies to “Make in India” and “Make for the World”.

Economic Explosive Limited: A Growing Force in Defence Production

EEL, backed by a team of national and international defence experts, has been making strides in the defence sector, contributing to India’s indigenous weapons development. The company’s expertise in explosives and munitions has positioned it as a key supplier for the Indian armed forces.

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

Zomato Limited has decided to change its corporate identity and will now be known as Eternal Limited. While the Zomato brand will continue for food delivery, the new name reflects the company’s evolution into a multi-business enterprise, including Blinkit, District and Hyperpure.

Impact on Company’s Operations and Branding

While the parent company’s name will change to Eternal Ltd., the Zomato brand will continue to exist for food delivery services. Additionally, the company’s corporate website will transition from zomato.com to eternal.com, and its stock ticker will change from ZOMATO to ETERNAL. Despite these adjustments, users will still see the Zomato brand in its app, ensuring no disruption in the customer experience.

Eternal Ltd.: A Multi-Business Holding Company

The decision to rebrand aligns with Zomato’s expansion beyond food delivery. Eternal Ltd. will oversee four major business verticals:  

• Zomato – The food delivery platform.  
• Blinkit – A quick commerce service acquired by Zomato.  
• District – A segment focused on dining-out experiences.  
• Hyperpure – A business-to-business (B2B) grocery supply service.  

Strategic Reasons for the Name Change

Founder and CEO Deepinder Goyal explained that the shift to Eternal Ltd. represents the company’s evolution. He mentioned that Blinkit has become a crucial part of Zomato’s growth strategy, making this a suitable time for the rebranding. The move highlights how the company has diversified beyond its original business model with quick commerce becoming a significant revenue contributor.  

Symbolism Behind ‘Eternal’ 

Deepinder Goyal shared that the name ‘Eternal’ carries a deep meaning, symbolising resilience and long-term sustainability. He stated that true permanence is not about making bold claims but about continuously evolving to meet future challenges. 

Share Performance 

As of February 07, 2025, at 11:20 AM, the shares of Zomato are trading at ₹232.60 per share, up 1.55% from yesterday’s closing price. Over the last month, the stock has fallen by 7.86%. The stock’s 52-week high is ₹304.70 and its low is ₹139.

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.