Oswal Greentech Has Acquired a 4.97% Stake in Oswal Agro Mills Limited

Oswal Greentech Limited, established in 1981 and headquartered in New Delhi, India, predominantly operates in real estate development and strategic investments. The company’s activities span trading real estate assets, equity investments, and extending inter-corporate deposits.

Oswal Greentech Limited Acquired 4.97% Stake in OAML

In a significant move to bolster its influence and reaffirm its commitment to stakeholders, Oswal Greentech, the promoter of Oswal Agro Mills Limited (OAML), has recently acquired a 4.97% stake, equivalent to 66,82,109 shares, in OAML. 

Prior to this acquisition, Oswal Greentech held 1,000 equity shares in the company. While the acquisition does not stem from any immediate operational necessity, it aims to enhance market confidence, provide strategic agility, and consolidate the promoters’ control over the enterprise.

About Oswal Agro Mills Limited (OAML)

Oswal Agro Mills Limited, founded in 1979, operates across key sectors, including real estate development, commodity trading, and investment management. The company also lends surplus funds as interest-bearing inter-corporate deposits. In FY24, Oswal Agro Mills reported a turnover of ₹1.86 crore. Prominent stakeholders in the company include Aruna Oswal with a 41.74% holding, Shallu Jindal with 0.12%, and Pankaj Oswal holding 0.06%.

Oswal Greentech Limited Q2 FY25 Results

Financially, Oswal Greentech witnessed a promising turnaround in the second quarter of FY2024-2025, reporting a net profit of ₹3.94 crore compared to a net loss of ₹3.23 crore in the corresponding period of the previous year. Year-over-year net sales surged by 31.69%, reaching ₹14.96 crore.

Despite this resurgence, the company faces hurdles in sustaining profitability. Profitability experienced a dramatic 221.88% year-over-year decline, coupled with a 15.71% dip compared to the preceding quarter. Additionally, the operating profit margin turned negative at -1.74%, slipping from 4.42% in the previous quarter.

Oswal Greentech Ltd. Share Price and Performance 

At 12:17 PM today, Oswal Greentech Ltd. shares traded at ₹46.83 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.

Vishnu Prakash Punglia Has Received a Letter of Award From BHEL

Vishnu Prakash R Punglia Limited is a distinguished infrastructure development firm based in India, renowned for its expertise in delivering high-calibre projects spanning water supply systems, roads, highways, bridges, and irrigation networks. 

Vishnu Prakash R Punglia Limited Got LOA From BHEL

Vishnu Prakash R Punglia Limited recently celebrated a monumental achievement by securing a prestigious Letter of Award from Bharat Heavy Electricals Limited (BHEL). This coveted contract, valued at ₹247.55 crore, pertains to the civil, structural, and architectural works for the expansive 1X800 MW NTPC Sipat Project.

Details about Project

The project’s comprehensive scope encompasses pivotal construction activities within the Power Block Area, including the Power House, Boiler, Electrostatic Precipitator (ESP), Mill & Bunker, Transformer Yard, Turbine Generator (TG), Boiler Feed Pump (BFP), Fan Foundations, Flue Gas Desulphurisation (FGD) system, and Chimney Raft. 

Additional undertakings include paving works, the installation of sewage water lines, low-pressure piping and fire-fighting civil works, rooftop solar system foundations, worker accommodation, and ventilation ducting.

Vishnu Prakash R Punglia Limited Q2 FY25 Results

Vishnu Prakash R Punglia Limited also showcased impressive financial performance in its Q2 FY25 results. Revenue surged by approximately 13% year-on-year to ₹3,348.69 million, up from ₹2,964.39 million in Q2 FY24, driven by enhanced operational efficiency and accelerated project execution. Net profit climbed by 12% to ₹237.33 million compared to ₹212.46 million in the same period last year.

Despite these commendable gains, earnings per share (EPS) saw a modest decline to ₹1.90 from ₹2.05 in Q2 FY24, while profit margins edged down to 7.0% from 7.2%, largely attributable to elevated expenses. Nonetheless, the robust growth trajectory underscores the company’s strategic prowess and operational resilience.

Vishnu Prakash R Punglia Ltd. Share Price and Performance

At 11:46 AM today, Vishnu Prakash R Punglia Ltd. shares traded at ₹217.65 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.

Mahindra Manulife Mutual Fund Launches Value Fund

Mahindra Manulife Mutual Fund has launched the Mahindra Manulife Value Fund, an open-ended equity scheme that follows a value investing strategy. The fund aims to invest in undervalued but fundamentally good companies with the potential for re-rating and earnings growth.

NFO Details

The New Fund Offer (NFO) for the Mahindra Manulife Value Fund will open on February 7, 2025, and close on February 21, 2025. After the NFO period, the scheme will be available for continuous sale and repurchase from March 5, 2025.

Investors can start with a minimum investment of ₹5,000, with additional investments in multiples of ₹1. The fund is benchmarked against the Nifty 500 Value 50 Index.

Category Details
NFO Opening Date February 7, 2025
NFO Closing Date February 21, 2025
Continuous Sale & Repurchase Start March 5, 2025
Minimum Investment ₹5,000
Additional Investment Multiples ₹1
Benchmark Nifty 500 Value 50 Index

Investment Strategy

The scheme follows a bottom-up stock selection approach, identifying companies trading below their intrinsic value. It also involves fundamental analysis of businesses with strong financials and sustainable competitive advantages.

The portfolio will include stocks across large-cap, mid-cap, and small-cap segments. The fund house states that the scheme is aimed at investors looking for long-term capital appreciation.

Fund Management

The fund will be managed by Krishna Sanghavi, CIO – Equity, and Vishal Jajoo, Fund Manager – Equity. Their role will involve identifying companies that align with the fund’s value investing strategy and managing the portfolio accordingly.

This fund is for investors seeking exposure to value stocks, companies that may be undervalued in the market but have strong fundamentals. The strategy focuses on stocks with potential price corrections and long-term prospects.

However, any equity fund comes with market risks so investors should assess their risk tolerance and investment horizon before considering this fund.

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

Bajaj Allianz Life Insurance Launches Nifty 500 Multicap Momentum Quality 50 Index Fund

Bajaj Allianz Life Insurance has introduced the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, an index-based fund available under its Unit Linked Insurance Plans (ULIPs). The New Fund Offer (NFO) is open until February 14, 2025.

Benchmark and Stock Selection Criteria

The fund tracks the Nifty 500 Multicap Momentum Quality 50 Index, which selects stocks based on momentum and quality factors from the Nifty 500 index. The momentum factor is determined by a stock’s six-month and 12-month price return, adjusted for volatility. 

The quality factor considers financial indicators such as return on equity (ROE), debt-to-equity ratio, and earnings growth variability over the past five years.

Portfolio Across Market Segments

The fund offers exposure to a mix of large-cap, mid-cap, and small-cap stocks that meet the selection criteria. The idea is to maintain a balanced portfolio that combines high-momentum stocks with good financial fundamentals.

The index is rebalanced and reconstituted semi-annually in June and December to reflect changing market conditions and make sure that the selected stocks meet the fund’s criteria.

ULIP Integration

Since the fund is available through Bajaj Allianz Life’s ULIPs, policyholders investing in ULIP plans can opt for this fund as part of their allocation. ULIPs combine life insurance with investment options, allowing policyholders to invest in different funds based on their preferences.

NFO Details and Considerations

The NFO opened on February 4, 2025, and will remain open until February 14, 2025. Investors looking to participate in an index-based ULIP fund with a focus on momentum and quality-based stock selection can consider this offering. However, as with any market-linked investment, returns are subject to market risks, and investors should evaluate their risk appetite before investing.

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

Hexaware Technologies IPO Set to Open on February 12, 2025: Key Things to Know

Hexaware Technologies’ ₹8,750 crore initial public offering (IPO) is to open for subscription from February 12 to February 14. The company has set a price band of ₹674 to ₹708 per share. The issue is entirely an offer-for-sale (OFS) of 12.36 crore shares by CA Magnum Holdings, a subsidiary of Carlyle Group Inc. 

Since this is a pure OFS, Hexaware Technologies itself will not receive any proceeds, everything will go to the selling shareholder.

IPO Timeline

Event Date
IPO Opens February 12
IPO Closes February 14
Basis of Allotment February 17
Refund Initiation February 18
Shares Credited to Demat February 18
Listing Date February 19

Investor Participation and Lot Size

Investors can bid for a minimum of one lot (21 shares), requiring an investment of ₹14,868. The allocation breakdown is as follows:

  • 50% of the net offer is reserved for Qualified Institutional Buyers (QIBs)
  • 35% for Retail Individual Investors (RIIs)
  • 15% for Non-Institutional Investors (NIIs)

For small non-institutional investors (sNII), the minimum investment is ₹2,08,152 (14 lots), while large non-institutional investors (bNII) can apply for at least 68 lots, which amounts to ₹10,11,024.

Financial Performance

In FY24, Hexaware Technologies reported a 12.8% increase in net profit, reaching ₹997.6 crore, compared to ₹884.2 crore in the previous fiscal. Revenue from operations also grew by 12.8%, from ₹9,199.6 crore in FY23 to ₹10,380.3 crore in FY24.

For the first nine months of FY25, the company posted:

  • Revenue: ₹8,820 crore (13.6% YoY growth)
  • Net Profit: ₹853.3 crore (6% increase YoY)

Business Segments

Hexaware Technologies operates across six sectors:

  • Financial Services
  • Healthcare & Insurance
  • Hi-Tech & Professional Services
  • Manufacturing & Consumer
  • Banking
  • Travel & Transportation

The company has set aside ₹90 crore worth of shares for employees in the IPO.

Lead Managers and Registrars

The IPO is being managed by Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, HSBC Securities & Capital Markets, and IIFL Securities. KFin Technologies is the registrar.

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

Kotak CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund Draft Filed

Kotak Mahindra Mutual Fund has filed a draft for the Kotak CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund. This is an open-ended index fund that aims to track the CRISIL-IBX Financial Services 3 to 6 Months Debt Index. 

It falls under the category of constant maturity index funds, offering exposure to short-term debt securities with lower interest rates and credit risk​.

Metrics Details
Load Structure No exit load
Minimum Investment Amount ₹100 and any amount thereafter
Minimum Additional Purchase ₹100 and any amount thereafter
Minimum Redemption ₹100 or account balance, whichever is lower
New Fund Offer Price ₹10 per unit during NFO

Objective and Strategy

The scheme’s objective is to generate returns in line with the underlying index, which consists of corporate debt securities, Commercial Papers (CPs), and Certificates of Deposit (CDs) with maturities between three to six months. 

The fund follows a passive investment approach and does not actively manage portfolio composition. Asset allocation is as follows:

  • 95-100% in securities that form part of the CRISIL-IBX Financial Services 3 to 6 Months Debt Index.
  • 0-5% in cash and other money market instruments​.

Benchmark 

The fund is benchmarked against the CRISIL-IBX Financial Services 3 to 6 Months Debt Index, which includes AAA-rated financial sector instruments. Tracking errors may occur, but the fund aims to maintain alignment with the index over time​.

Liquidity and Fund Structure

Since this is an open-ended fund, investors will be able to subscribe and redeem units at NAV-based prices on all business days. The Net Asset Value (NAV) will be disclosed daily on the Kotak Mutual Fund and AMFI websites​.

The scheme will be managed by Manu Sharma, who has experience in fixed-income fund management. 

Risks and Considerations

  • Sectoral Risk: The fund invests in debt securities of financial institutions, which could lead to concentration risk.
  • Tracking Error: Passive funds may not exactly replicate index returns.
  • Liquidity Risk: Market conditions can impact the ease of buying and selling underlying securities​.

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

Understanding the Blue Dart Delivery Scam and Protecting Yourself

With the rise of online shopping, fraudulent delivery scams have become increasingly common. A new scam involving fake calls from individuals posing as Blue Dart executives has emerged, tricking unsuspecting people into compromising their financial and personal security. 

Understanding how this scam operates and taking preventive measures is essential to avoid falling victim to such deceptive tactics.

How the Blue Dart Delivery Scam Operates

Scammers typically initiate this fraud by sending a fake delivery failure notification, claiming that a parcel could not be delivered due to incorrect details. Victims then receive a call from someone impersonating a Blue Dart representative, who requests them to verify personal information or enable call forwarding.

Once call forwarding is activated, fraudsters can intercept calls and messages, potentially gaining access to banking information, OTPs, and other sensitive data. This scam exploits the trust individuals place in courier services, making it crucial to stay vigilant against such deceptive practices.

Preventive Measures and Staying Safe

To protect yourself from such scams, always verify the authenticity of delivery notifications. Contact the courier service directly through their official website or customer service number instead of responding to unexpected calls.

Never share personal details or enable call forwarding unless you are certain of the caller’s identity.

Enabling two-factor authentication (2FA) on banking and email accounts can provide an added layer of security. Additionally, staying informed about common scams and reporting suspicious activity to the authorities can help prevent others from falling victim to similar frauds.

Conclusion

The rise in online shopping has provided scammers with new ways to deceive individuals. The Blue Dart delivery scam is just one of many fraudulent tactics used to gain access to sensitive information. By staying alert, verifying delivery claims, and refusing to share confidential details over the phone, individuals can safeguard themselves against such cyber threats.

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. 

Union Budget 2025-26: A Boost for India’s Fisheries Sector

The Union Budget 2025-26 has prioritised the sustainable growth of India’s fisheries sector by increasing financial support and introducing policy measures to enhance marine resource utilisation. 

The government aims to boost deep-sea fishing, promote modern aquaculture techniques, and strengthen India’s position as a global leader in seafood exports. With a budgetary allocation of ₹2,703.67 crore—an increase of 3.3% from the previous year—the sector is set to witness significant advancements.

Harnessing the Potential of India’s Exclusive Economic Zone

India possesses a vast Exclusive Economic Zone (EEZ) of 20 lakh sq. km, providing immense scope for marine fisheries. The government has announced a strategic framework to sustainably harness fisheries in the EEZ and high seas, with a special focus on the Andaman & Nicobar and Lakshadweep Islands. 

These regions, with a combined marine fisheries potential of 2.48 lakh tonnes, will see targeted development through deep-sea fishing initiatives, tuna clusters, and streamlined licensing processes.

For Andaman & Nicobar, the government aims to utilise its 6.60 lakh sq. km EEZ, with a specific focus on tuna fisheries. Measures such as onboard processing facilities, deep-sea fishing vessel licensing, and single-window clearances will facilitate this development. 

Meanwhile, Lakshadweep, with a 4 lakh sq. km EEZ and a significant lagoon area, will focus on seaweed cultivation, ornamental fish farming, and end-to-end value chain development, particularly benefiting women through Self-Help Groups (SHGs).

Policy Reforms and Economic Support for Fishers

The budget introduces financial and policy measures to strengthen the fisheries sector. The Kisan Credit Card (KCC) lending limit has been raised from ₹3 lakh to ₹5 lakh, ensuring better access to credit for fishers, processors, and other stakeholders. This move is expected to encourage the adoption of modern techniques, improve working capital availability, and enhance economic stability in rural areas.

To bolster India’s seafood export industry, the government has reduced the Basic Customs Duty (BCD) on frozen fish paste (surimi) from 30% to 5% and on fish hydrolysate from 15% to 5%.

These reductions aim to lower production costs, increase profit margins for fish farmers, and enhance India’s competitiveness in the global seafood market. By supporting value-added seafood exports, such as imitation crab meat and shrimp analogues, India seeks to strengthen its position as a leading seafood exporter.

Conclusion

India’s fisheries sector has emerged as a key contributor to economic growth, providing livelihoods to over 30 million people. The strategic initiatives in the Union Budget 2025-26 reinforce the government’s commitment to sustainable marine resource utilisation, financial inclusion, and global competitiveness. With enhanced funding, policy support, and infrastructure development, India is well-positioned to maximise its fisheries potential and drive economic progress.

InterGlobe Aviation Faces GST Penalties of ₹116 Crore

InterGlobe Aviation Limited, the parent company of Indigo, has disclosed information related to penalties imposed by tax authorities. The company has received two significant GST-related penalty orders which are currently being contested.

GST Penalty from Delhi South Commissionerate

The Additional Commissioner of Central Goods & Service Tax – Delhi South Commissionerate has imposed a penalty of ₹113.02 crore on the company. The penalty is related to the levy of GST on services provided to offshore recipients which the authorities do not consider as exports. 

Additionally, the company has been denied an Input Tax Credit for certain services. The company is in the process of challenging this order through the appropriate legal channels.

GST Penalty from Chennai South Commissionerate

The Joint Commissioner of GST & Central Excise – Chennai South – Tamil Nadu has also imposed a penalty of ₹2.84 crore. This penalty is due to the denial of Input Tax Credit for mismatches identified. The company is preparing to contest this order as well.

Impact on the Company

Despite the significant amounts of the penalties, the company has stated that these orders do not have a material impact on its financials, operations or other activities.

InterGlobe Aviation Limited is taking the necessary steps to address these issues through the appropriate appellate authorities. 

About the Company

InterGlobe Aviation Limited is the parent company of IndiGo, a leading airline in India. The company is involved in the aviation sector, providing domestic and international air travel services. IndiGo is known for its low-cost business model, offering affordable flights while focusing on punctuality and customer satisfaction.

Company’s Share Performance 

As of February 06, 2025, at 11:10 AM, the shares of InterGlobe Aviation are trading at ₹4,394 per share, down 0.48% from yesterday’s closing price. Over the last month, the stock has surged by 2.98%. The stock’s 52-week high is ₹5,035 and its low is ₹2,984.20.

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.

Ajax Engineering IPO Opens on February 10

Founded in July 1992, Ajax Engineering Limited manufactures concrete equipment and operates four facilities in Karnataka. The company is launching its Initial Public Offering (IPO) which will be open for bidding from February 10 to February 12, 2025. The price band has been set between ₹599 and ₹629 per share. 

The IPO is entirely an offer-for-sale (OFS) of 2.01 crore equity shares, meaning there is no fresh issue component. The company expects to raise around ₹1,269.35 crore, with the proceeds going to existing shareholders.

IPO Details 

Details Information
IPO Dates Feb 10 – Feb 12, 2025
Face Value ₹1 Per Equity Share
IPO Price Band ₹599 to ₹629 Per Share
Issue Size Approx ₹1,269.35 crore
Offer for Sale 2,01,80,446 Equity Shares
Issue Type Book Built Issue
Minimum Lot Size 23 shares (₹14,467)

Lot Size and Requirements

Retail investors must bid for a minimum of 23 shares, requiring an investment of ₹14,467 at the upper price band. For non-institutional investors (NIIs), the minimum lot size is 322 shares (14 lots), amounting to ₹2,02,538. Large NIIs will need to bid for at least 1,610 shares (70 lots), which requires an investment of ₹10,12,690.

Allotment and Listing Timeline

The basis of allotment will be finalised on February 13, 2025. Refunds for unsuccessful bids will be processed on February 14, and shares will be credited to demat accounts the same day. The IPO is scheduled to list on the BSE and NSE on February 17, 2025.

Lead Managers and Registrar

The IPO is managed by ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, and SBI Capital Markets. The registrar is Link Intime India Private Limited.

The IPO allocation is divided as follows:

  • 50% for Qualified Institutional Buyers (QIBs)
  • 15% for Non-Institutional Investors (NIIs)
  • 35% for Retail Investors

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