Record Dates for Dividends, Bonuses, Splits Next Week

Wipro, Coforge Among 30 Stocks with Upcoming Dividends, Bonuses, and Splits

Several companies, including Wipro, Coforge, and Persistent Systems, are set to attract investor attention next week due to upcoming corporate actions such as dividends, bonus share issuances, and stock splits. These actions have record dates in the coming week, which determine shareholder eligibility for these benefits.

The record date is a crucial benchmark set by companies to identify the shareholders who are entitled to receive benefits such as dividends, stock splits, or bonus shares. To qualify for these corporate actions, investors must ensure their shares are reflected in their demat account on or before this date.

Shareholders are eligible if they purchase the stock at least one day before the ex-date, as settlement occurs on a T+1 basis. Those who buy shares on the ex-date will not qualify for the dividends, bonus shares, or splits. With the implementation of the T+1 settlement framework, the record date and ex-date often coincide, simplifying tracking for investors. However, this may differ if the ex-date is followed by a market holiday.

Key Corporate Actions Next Week

Monday, January 27, 2025

• Dividend:
  • Tanla Platforms: Interim dividend of ₹6 per share
  • KEI Industries: Interim dividend of ₹4 per share
  • Balkrishna Industries: Third interim dividend (record date between Jan 27-30)
• Bonus Issue:
  • Technopack Polymers: Bonus share issue in the ratio of 1:1

Tuesday, January 28, 2025

• Dividend:
  • Mangalam Industrial Finance: Interim dividend of ₹0.01 per share
  • Tips Music: Interim dividend of ₹3 per share
  • Wendt (India): Interim dividend of ₹30 per share
  • Wipro: Interim dividend of ₹6 per share
  • Zensar Technologies: Interim dividend of ₹2 per share
• Stock Split:
  • Mazda: Stock split from a face value of ₹10 to ₹2 per share

Wednesday, January 29, 2025

• Dividend:
  • Bharat Petroleum Corporation: Interim dividend of ₹5 per share
  • MPS Ltd: Dividend announcement

Thursday, January 30, 2025

• Dividend:
  • Accelya Solutions India: Interim dividend of ₹50 per share
  • Balkrishna Industries: Third interim dividend (record date between Jan 27-30)
  • Coforge: Interim dividend of ₹19 per share
  • Housing & Urban Development Corporation: Interim dividend of ₹2.05 per share
  • Siemens: Final dividend of ₹12 per share
  • Transport Corporation of India: Second interim dividend

Friday, January 31, 2025

• Dividend:
  • Coal India: Second interim dividend (announcement on Monday)
  • Emerald Finance: Interim dividend of ₹0.06 per share
  • Gothi Plascon (India): Dividend of ₹2 per share
  • Indian Energy Exchange: Dividend of ₹1.5 per share
  • Torrent Pharmaceuticals: Dividend of ₹26
  • Wealth First Portfolio Managers: Dividend (announcement on Monday)
  • Persistent Systems: Interim dividend of ₹20 per share
• Bonus Issue:
  • Indraprastha Gas: Bonus share issue in the ratio of 1:1
• Stock Split:
  • JBM Auto: Stock split from ₹2 to ₹1
  • Kiduja India: Stock split from ₹10 to ₹1
  • Mohite Industries: Stock split from ₹10 to ₹1
  • Senco Gold: Stock split from ₹10 to ₹5

Saturday, February 1, 2025

• Dividend:
  • Route Mobile: Dividend (announcement on Tuesday)

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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NDTV Q3 Revenue Jumps 34% Amid Global Expansion

NDTV Q3 Results: Revenue Surges 34% Amid Global Expansion

New Delhi Television Ltd. (NDTV) has announced a significant 34% year-on-year revenue growth for the third quarter, ending December. This growth is also a 20% increase compared to the preceding quarter. The company attributes this strong performance to higher advertising revenue and successful digital and event-driven initiatives.

While investments in global expansion and new intellectual properties have impacted short-term profits, NDTV expects these strategic moves to drive substantial growth in the future. The Adani Group-owned firm has been focusing on expanding its global presence and launching new platforms.

Strategic Global Expansion

A pivotal moment in the third quarter was the launch of NDTV World, a global news platform aimed at the diaspora audience. This platform delivers news, analysis, and international programming from an Indian perspective. The launch of NDTV World was inaugurated by Indian Prime Minister Narendra Modi at the NDTV World Summit, which also featured other prominent global figures.

Key Highlights of NDTV's Q3 Performance

• Revenue Growth: 34% year-on-year increase
• Global Expansion: Launch of NDTV World platform
• Strategic Investments: New initiatives and global reach impacting short-term profits

Other Key Developments

NDTV provided extensive coverage of key elections in Maharashtra and the US during the quarter. The company also hosted several key events, including NDTV Indian of the Year, the Auto Conclave, and the Emerging Business Conclave. Additionally, NDTV resumed participation in the Broadcast Audience Research Council (BARC) measurement system after a two-and-a-half-year gap, which will enable the company to gain more refined audience insights.

NDTV received 38 awards at the News Television Awards 2024, the highest number in both the English and Hindi categories, further solidifying its position in the industry.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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JK Cement Q3 Profit Falls 33%, Beats Analyst Expectations

JK Cement Q3 Results: Profit Declines 33%, But Exceeds Estimates

JK Cement Ltd. has reported a 33.2% year-on-year decrease in its consolidated net profit for the third quarter of fiscal year 2025, falling to ₹190 crore. This decline is primarily attributed to higher employee and freight costs, which impacted the company's margins, despite an increase in overall sales volume. However, the reported profit still surpassed analyst consensus estimates, which had projected a net profit of ₹165.9 crore.

The company's capacity as of December stands at 24.34 million tonnes per annum. In addition to the financial results, the board also approved a 60% stake acquisition of Saifo Cements Private Ltd. for a total of ₹174 crore.

Key Highlights of JK Cement's Q3 FY25 Results (Consolidated, YoY)

• Revenue: Down 0.2% to ₹2,930 crore
• EBITDA: Down 21.3% to ₹492 crore
• Margins: 16.8% versus 21.3%
• Net Profit: Down 33.2% to ₹190 crore

Factors Impacting Earnings

The company's revenue remained relatively flat due to limited improvement in realisations. Despite a 13% quarter-on-quarter and 5% year-on-year increase in total volumes, the company's realisations grew only slightly to ₹4,757 per tonne compared to ₹4,708 per tonne in the previous quarter.

The company's EBITDA was significantly impacted by a muted topline and increased employee benefit and freight costs. Additionally, there was a notable decrease in the reversal of inventory, which stood at ₹41.15 crore compared to ₹138.44 crore a year ago. However, it's important to note that employee and other expenses per tonne decreased by 11%-16%, and fuel costs also saw a 17% reduction, falling to ₹745 per tonne.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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ICICI Bank Q3 Profit Jumps 15%, Beats Estimates

ICICI Bank Q3 Results: Profit Surges Past Estimates, Driven by NII Growth

ICICI Bank has announced its Q3 FY2025 results, revealing a robust 15% year-on-year increase in profit after tax, reaching ₹11,792 crore. This performance surpasses analysts' expectations. The bank's strong results are primarily attributed to a 9% rise in net interest income (NII) and stable asset quality, despite a slight decrease in net interest margin (NIM).

Provisions and contingencies for the quarter saw a 17% year-on-year increase, totaling ₹1,227 crore. The bank's net interest income grew to ₹20,371 crore, a 9% rise compared to the previous year. However, the net interest margin (NIM) experienced a slight dip, falling to 4.25% in the December quarter, down from 4.27% in the previous quarter and 4.43% a year ago.

Key Highlights of ICICI Bank's Q3 Performance

• Profit After Tax: Rose 15% YoY to ₹11,792 crore
• Net Interest Income: Increased 9% YoY to ₹20,371 crore
• Provisions and Contingencies: Increased 17% YoY to ₹1,227 crore
• Net Interest Margin (NIM): Slightly decreased to 4.25%

Asset Quality and NPA Management

The bank has maintained stable asset quality during the quarter ending December. The gross non-performing assets (NPA) ratio decreased to 1.96% at the end of December, compared to 1.97% in the previous quarter and 2.30% a year ago. The net NPA remained flat at 0.42% sequentially but was lower than 0.44% a year ago.

Gross NPA additions for the December quarter were ₹6,085 crore, compared to ₹5,073 crore in the September quarter. This increase is partly due to higher NPA additions from the Kisan Credit Card portfolio in the first and third quarters of the financial year. Retail and rural loans accounted for ₹5,300 crore of the gross NPA additions, while corporate and business banking accounted for the remainder.

Recoveries and upgrades of NPAs, excluding write-offs and sales, were ₹3,392 crore during the third quarter, up from ₹3,319 crore in the previous quarter. The bank wrote off gross NPAs amounting to ₹2,011 crore.

Loan Growth and Deposit Performance

Healthy loan growth continued to support the bank's performance. Domestic gross advances grew by 14% year-on-year to ₹13.14 lakh crore. Net domestic advances saw a growth of over 15% year-on-year during the quarter. The retail loan portfolio grew by nearly 11% year-on-year, while unsecured personal loans grew by 8.8% year-on-year. The business banking portfolio grew by 33% year-on-year, the rural portfolio rose over 12%, and the domestic corporate portfolio increased by 13%.

Deposits grew over 14% year-on-year, reaching ₹15.20 lakh crore.

The bank's focus remains on growing its retail and rural loan portfolio while closely monitoring its asset quality. They have also shifted their focus to better-rated corporate loan portfolios, with A- and above-rated corporate loan books accounting for 76% of their overall loans in that category as of December.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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IDFC First Bank Q3 Results: Profit Down 53% Despite NII Growth

IDFC First Bank Q3 Results: Net Profit Declines by 53%, NII Up 14.4%

IDFC First Bank has reported a 52.6% decrease in its standalone net profit for the December quarter, with earnings at ₹339.4 crore compared to ₹715.7 crore in the same period last year. Despite this drop in net profit, the bank's Net Interest Income (NII) saw a positive trend, increasing by 14.4% to ₹4,902 crore in Q3FY25, up from ₹4,286.6 crore in the previous year.

The bank's net interest margin (NIM) for Q3-FY25 was 6.04%, a slight decrease from 6.18% in Q2-FY25. This decline in NIM is largely attributed to a downturn in the micro-finance business and an increase in the proportion of the Wholesale Banking business.

Key Financial Highlights

• Net Profit: ₹339.4 crore, a 52.6% decrease YoY.
• Net Interest Income (NII): ₹4,902 crore, a 14.4% increase YoY.
• Net Interest Margin (NIM): 6.04%, down from 6.18% in Q2-FY25.
• Operating Income: ₹6,682 crore, a 15% increase YoY.

Operating income grew 15% from ₹5,803 crore in Q3 FY24 to ₹6,682 crore in Q3 FY25. For the first nine months of FY25 (9MFY25), the growth in operating income was 19.4% on a year-on-year basis.

Operating expenses also saw an increase, growing by 16% YoY from ₹4,241 crore in Q3 FY24 to ₹4,923 crore in Q3 FY25. For 9M-FY25, operating expenses grew by 18.2% YoY.

Core operating profit (excluding trading gains) grew by 15% YoY from ₹1,515 crore in Q3 FY24 to ₹1,736 crore for Q3 FY25, impacted by the micro-finance business.

Management Commentary

V Vaidyanathan, Managing Director and CEO of IDFC FIRST Bank, commented that the bank continues to experience strong growth in both loans and deposits. Customer deposits are growing at 29% YoY, reaching ₹2,27,316 crores, with the CASA ratio remaining at 48%. Loans and advances have also grown steadily by 22% YoY, reaching ₹2,31,074 crores.

The bank is closely monitoring its micro-finance loan book due to industry-wide challenges. The asset quality of the overall loan book remains stable, with Gross NPA at 1.94% and Net NPA at 0.52%. Excluding the micro-finance loan book, the GNPA and NNPA are even lower at 1.81% and 0.49%, respectively.

Management believes that the credit issues in the microfinance segment are temporary and are expected to be resolved within a few quarters. They emphasized that this business was built to meet priority sector lending norms, particularly for weaker sections and small and marginal farmers.

All other business segments, including deposits, loans, credit cards, wealth management, cash management, corporate banking, Fastag, and gold loans, are performing well. The bank anticipates that the cost-to-income ratio will decrease over the next few years due to operating leverage as the bank continues to scale up.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Yes Bank Q3 FY25 Results: Profit Surges 164%, NII Up 10%

Yes Bank Q3 Results: Profit Soars 164.5%, NII Up 10.2%

Yes Bank announced its financial results for the third quarter of fiscal year 2025, ending December 2024, showcasing a strong performance. The bank reported a significant 164.5% year-on-year (YoY) jump in its profit after tax (PAT), reaching ₹612.27 crore. Net interest income (NII) also saw a healthy increase of 10.2% YoY.

The bank's NII was reported at ₹2,224 crore. The net interest margins (NIMs) remained stable at 2.4%, both YoY and quarter-on-quarter (QoQ).

Key Financial Highlights

Here are some key highlights from Yes Bank's Q3 FY25 results:

• Profit After Tax (PAT): ₹612.27 crore, a 164.5% YoY increase.
• Net Interest Income (NII): ₹2,224 crore, up 10.2% YoY.
• Net Interest Margin (NIM): 2.4%, flat YoY and QoQ.
• Interest Earned: ₹7,829.13 crore, up 12% YoY.
• Interest Expended: ₹5,605.62 crore, up 12.8% YoY.

Asset Quality Improvement

Yes Bank also demonstrated a sustained improvement in its asset quality metrics during the quarter. The Gross Non-Performing Asset (GNPA) ratio improved to 1.6% in Q3 FY25, compared to 2.0% in Q3 FY24. On a sequential basis, the GNPA ratio remained relatively stable.

The Net Non-Performing Asset (NNPA) ratio also showed improvement, decreasing to 0.5% in Q3 FY25 from 0.9% in Q3 FY24. The NNPA ratio remained stable compared to the previous quarter (Q2 FY25) at 0.5%.

CASA Ratio and Deposit Growth

The bank's CASA (Current Account Savings Account) ratio improved to 33.1% in Q3 FY25, up from 29.7% in the same quarter of the previous fiscal year. The current account balances grew by 21.1% YoY, with an average growth of 22.1% YoY. Savings account balances saw robust growth, increasing by 33.3% YoY and 9.2% sequentially. The average savings account balances growth stood at 32.1% YoY.

Advances and Deposits

Yes Bank's advances reached ₹2,44,834 crore, registering a YoY growth of 12.6%, while its total deposits reached ₹2,77,224 crore, up 14.6% YoY.

Stock Performance

Yes Bank shares closed 1.24% higher at ₹18.25 on the BSE on Friday.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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India Will Buy Russian Oil at a Discount, Says Hardeep Puri

India to Continue Russian Oil Purchases at Discounted Prices, Says Minister

India will continue to purchase crude oil from Russia if it is offered at a discount, according to Union Minister Hardeep Singh Puri. The government's priority is to acquire the most cost-effective crude oil available. "We used to buy less than 0.2 percent from Russia in February 2022. Now, we are buying 30 percent. If it's available at good discounts, we will buy it," Puri stated during a media interaction.

Puri, the Minister for Petroleum and Natural Gas, emphasized that India is not bound to any specific supplier. "If crude oil is available elsewhere at a discounted price, we will buy from that market," he added, highlighting Prime Minister Narendra Modi's commitment to ensuring affordable and continuous energy access while transitioning to green energy.

India's Energy Procurement Strategy

India's energy procurement strategy focuses on acquiring economically priced energy of the required grade for its refineries. The government is open to both long-term contracts and spot deals with various oil-producing nations. Tenders are issued based on specific route requirements at the point of importation, with payment terms following accordingly. Transactions are primarily conducted in US dollars, although the use of local currencies is being explored.

Refinery Project Updates

Regarding the Ratnagiri refinery project in Maharashtra, Puri mentioned that the initially proposed size of 60 million metric tons per annum is not currently feasible. Discussions are underway to potentially establish three refineries, each with a capacity of 20 million metric tons. The Ratnagiri Refinery and Petrochemicals Limited (RRPCL), established in 2017 by Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited, aims to develop an integrated refinery and petrochemicals complex on Maharashtra's west coast.

International Partnerships and Refining Capacity

Several international partners, including Saudi Aramco and the Abu Dhabi National Oil Company, have expressed interest in collaborating on the Ratnagiri project. India's refining capacity is also expanding, currently standing at approximately 268-270 million metric tons annually, with plans to increase it to 310 million metric tons per annum.

Despite production cutbacks by some producers, Puri noted that there is an abundant supply of energy in the market. "More and more crude is coming to the market," he observed, indicating a strong supply chain for India's energy needs.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Gold Prices Hit Lifetime High: Surpasses ₹83,000 in Spot Market, ₹80,312 on MCX—Time to Buy?

SEO-Optimized Title: Gold Prices Hit Lifetime High: Surpasses ₹83,000 in Spot Market, ₹80,312 on MCX—Time to Buy?

Gold Prices Soar to Record Highs: Key Drivers and Investment Insights

Gold’s Historic Rally

Gold prices surged to unprecedented levels on Friday, with spot markets breaching ₹83,000 per 10 grams and MCX futures hitting ₹80,312. This rally follows heightened demand for safe-haven assets amid geopolitical tensions and shifting U.S. monetary policy expectations.

Key Factors Behind the Surge

• Dollar Weakness: The dollar index (DXY) fell 0.33% to 107.69, boosting gold’s appeal.
• Policy Uncertainty: Remarks about potential Federal Reserve rate cuts fueled market speculation.
• Global Demand: Investors flocked to gold as a hedge against economic volatility.

Market Analysis: Should You Invest?

With gold prices at lifetime highs, experts recommend caution. While bullish momentum persists, short-term corrections are possible. Long-term investors may benefit from holding gold as part of a diversified portfolio.

Gold Trading Strategy

• Entry Point: Consider buying near ₹75,500–75,700 levels.
• Price Target: ₹85,300–87,000 by Dhanteras 2025.
• Risk Management: Set stop-loss orders at ₹71,500.

Global and Domestic Trends

Internationally, Comex gold futures rose 0.56% to $2,780.50 per ounce, while silver futures gained 1.53% to $31.32. Domestic prices include a 3% GST and local premiums.

FAQ: Gold Price Rally

Why are gold prices rising?

The surge is driven by dollar weakness, safe-haven demand, and geopolitical uncertainty.

What’s next for gold?

Markets await the Union Budget and Federal Reserve’s rate decisions for further direction.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor.

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Bank of India Q3 FY2025 Results: 35% Profit Surge to ₹2,517 Crore on Improved Asset Quality

Bank of India Q3 FY2025: Net Profit Rises 35% to ₹2,517 Crore Amid Strong Operational Growth

Financial Highlights

Bank of India reported a **35% YoY jump in net profit** to ₹2,517 crore for Q3 FY2025, up from ₹1,870 crore in Q3 FY2024. This growth was driven by reduced bad loans, higher interest income, and improved operational efficiency.

Key Metrics

• Total Income: ₹19,957 crore (up 21.6% YoY from ₹16,411 crore).
• Net Interest Income (NII): ₹6,070 crore (11% YoY growth from ₹5,463 crore).
• Operating Profit: ₹3,703 crore (23.3% YoY increase from ₹3,004 crore).
• Non-Interest Income: ₹1,746 crore (46% YoY surge, led by treasury gains and recoveries).

Asset Quality Improvement

The bank’s asset quality saw significant enhancement:

• Gross NPAs: Declined to 3.69% (vs. 5.35% YoY), with absolute GNPA down 20.47% YoY to ₹24,048 crore.
• Net NPAs: Reduced to 0.85% (vs. 1.41% YoY), with absolute NNPA down 29.07% YoY to ₹5,410 crore.
• Provision Coverage Ratio (PCR): Improved to 92.48% (from 89.95% YoY).

Business Growth

• Loan Growth: Global advances rose 15% YoY to ₹6.51 lakh crore, driven by retail (21.22%), agriculture (18.46%), and MSME (16.36%) segments.
• Deposit Growth: Global deposits increased 12% YoY to ₹7.94 lakh crore, though CASA ratio dipped to 41.05% (from 43.88% YoY).
• Global Business: Expanded 13.62% YoY to ₹14.46 lakh crore.

Margins and Capital Position

• Net Interest Margin (NIM): Moderated slightly to 2.80% (vs. 2.85% YoY).
• Capital Adequacy Ratio (CRAR): Stable at 16%, with CET-1 ratio at 12.96%.

Market Response

Shares closed 1.5% lower at ₹98.30 on the BSE, reflecting investor caution despite strong results. The bank maintains its FY2025 net profit guidance of ₹8,000 crore.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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BN Rathi Securities Hits 10% Upper Circuit Post 1:1 Bonus & 1:2 Stock Split; Adjusted Price Drops Below ₹60

BN Rathi Securities Surges 10% After 1:2 Split and 1:1 Bonus Issue

Corporate Action Details

BN Rathi Securities’ shares hit a 10% upper circuit on January 24, 2025, after turning ex-date for a **1:2 stock split** and **1:1 bonus issue**. The stock price adjusted from ₹205.45 to ₹56.45 post-corporate actions, making it more accessible to retail investors.

Key Adjustments

• Stock Split (1:2): Each ₹10 face value share split into two ₹5 face value shares.
• Bonus Issue (1:1): Shareholders received one free share for every existing share held.
• Revised Price Range: 52-week high/low reset to ₹72.75 and ₹21.66, respectively.

Post-Adjustment Metrics

• Market Capitalization: ₹234.27 crore.
• Trading Platform: Listed exclusively on BSE as a penny stock in the NBFC segment.

Strategic Rationale

• Enhanced liquidity through reduced share price.
• Expanded retail investor participation.

Company Overview

BN Rathi Securities is a BSE-listed financial services provider specializing in stock broking and depository services. With over five decades of market experience, the company focuses on institutional equities and retail trading solutions.

Recent Performance

• Delivered multibagger returns over five years.
• Faced a 12% decline in the week preceding the ex-date.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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Insolation Energy Completes 1:10 Stock Split; Shares Now Trade Below ₹300

Stock Split Details

Insolation Energy, a leading solar energy provider, completed a **1:10 stock split** on January 24, 2025. The split reduced the face value of each share from **₹10 to ₹1**, making the stock more affordable for retail investors. Post-split, shares that previously traded near **₹2,945** are now priced below **₹300**.

Key Highlights

• Ex-Date: January 24, 2025
• Split Ratio: 1:10 (1 share of ₹10 face value split into 10 shares of ₹1 face value)
• Objective: Enhance liquidity and broaden the shareholder base

Financial Performance (H1 FY2025)

Insolation Energy reported strong financial results for the first half of FY2025:

• Revenue: ₹612.69 crore (118% YoY growth)
• EBITDA: ₹81 crore (172% YoY growth)
• Net Profit: ₹61.27 crore (307.53% YoY growth)
• Earnings Per Share (EPS): Increased from ₹7.22 to ₹29.41

About Insolation Energy

Insolation Energy Ltd is a prominent player in India’s solar energy sector, specializing in Solar EPC (Engineering, Procurement, and Construction) services. The company has developed and connected over **500 MW+ of Solar PV Modules**, contributing significantly to India’s renewable energy landscape. Listed on the BSE SME platform, Insolation Energy is known for its innovative technologies and sustainable energy solutions.

Market Reaction

On the ex-split date, Insolation Energy’s shares closed lower, reflecting market adjustments post-split. However, the company’s strong financial performance and growth prospects in the renewable energy sector continue to attract investor interest.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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Tata Sons Seeks CCI Approval to Raise Stake in Tata Play to 70%

Tata Sons Moves to Consolidate Tata Play Stake: Key Details

Transaction Overview

Tata Sons, the Tata Group’s holding company, has sought approval from the Competition Commission of India (CCI) to acquire an additional 10% stake in Tata Play from Singapore’s Temasek Holdings. This will raise Tata Sons’ ownership in the DTH operator from 60% to 70%.

Key Details

• Seller: Baytree Investments (Mauritius), an affiliate of Temasek Holdings.
• Regulatory Framework: The transaction is notified under Sections 5(a) and 6(2) of the Competition Act, 2002, which govern mergers and acquisitions exceeding specified thresholds.
• Strategic Rationale: Aligns with Tata Sons’ focus on consolidating its digital and media investments.

Competition Assessment

Tata Sons and Tata Play assert that the deal will not harm competition. The CCI may evaluate it in the context of:

• Horizontal Overlap: Wired broadband services in India.
• Complementary Linkages: Integration between Tata Play’s OTT platform (Tata Play Binge) and Tata’s internet infrastructure.

Tata Play’s Market Position

• India’s largest DTH provider with 21 million subscribers.
• Offers Pay TV and OTT services through Tata Play Binge.
• Valuation: ~$1 billion (down from $3 billion pre-pandemic).

Broader Implications

• Disney’s Stake: Tata Play’s remaining 30% is held by Walt Disney, which aims to exit non-core DTH assets. Tata Sons may pursue this stake next.
• IPO Plans: Tata Play’s proposed public offering, approved by SEBI in 2023, remains deferred due to market challenges.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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India’s Forex Reserves Drop to $623.98 Billion: RBI Interventions and Market Trends

India’s Forex Reserves Fall to $623.98 Billion: Key Insights and Implications

Recent Decline and Trends

India’s foreign exchange reserves dropped by **$1.88 billion** to **$623.983 billion** for the week ending January 17, 2025, marking the sixth consecutive weekly decline. This follows a sharper fall of **$8.714 billion** the previous week, bringing reserves to a **10-month low** of **$625.871 billion** as of January 10. The reserves have decreased by **$82 billion** since reaching an all-time high of **$704.885 billion** in September 2024.

Component Breakdown

• Foreign Currency Assets (FCAs): Fell by $2.878 billion to $533.133 billion, reflecting currency revaluation effects and RBI interventions to stabilize the rupee.
• Gold Reserves: Rose slightly by $1.063 million to $68.947 billion.
• Special Drawing Rights (SDRs): Increased marginally by $1 million to $17.782 billion.
• IMF Reserve Position: Declined by $74 million to $4.122 billion.

Key Drivers of the Decline

• RBI Interventions: The central bank sold dollars to curb rupee volatility, as the currency hit an all-time low of **86.74 against the USD**.
• Revaluation Effects: Depreciation of non-US currencies (e.g., euro, yen) held in reserves reduced their dollar value.
• Global Pressures: Rising dollar demand and geopolitical uncertainties impacted capital inflows.

RBI’s Strategy and Outlook

• Reserve Adequacy: Reserves cover **11 months of imports** and **96% of external debt**, ensuring stability despite the decline.
• Rupee Management: The RBI intervenes to maintain orderly market conditions, buying dollars during rupee strength and selling during weakness.
• Future Focus: Strategic use of liquidity tools like forex swaps to manage volatility without depleting reserves further.

Economic Implications

• Import Costs: A weaker rupee raises expenses for critical imports like oil and machinery.
• Investor Sentiment: Sustained RBI interventions aim to retain foreign investor confidence despite short-term reserve declines.

Historical Context

In 2023, India added **$58 billion** to its reserves, contrasting with a **$71 billion cumulative decline** in 2022. The rupee has become one of Asia’s most stable currencies over the past decade, aided by RBI’s strategic interventions.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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Granules Q3 FY2025 Results: 6% Profit Decline to ₹118 Crore Amid Regulatory Costs

Granules Q3 FY2025: Net Profit Dips 6% to ₹118 Crore on Pricing Pressures

Financial Performance

Granules India reported a **6.4% YoY decline** in consolidated net profit for Q3 FY2025, falling to ₹117.6 crore from ₹125.65 crore in the year-ago period. Revenue dipped marginally by 1.55% to ₹1,137.69 crore, impacted by pricing challenges and subdued demand in select markets.

Key Metrics

• Sequential Improvement: Net profit rose 21% QoQ (vs. ₹97.2 crore in Q2 FY2025)
• Revenue Growth: 18% QoQ increase from ₹966.6 crore

Operational Challenges

• Price Erosion: Margin pressures in key product segments
• Regulatory Costs: Increased expenses post-U.S. FDA inspection at a facility
• Demand Volatility: Lower offtake in certain therapeutic categories

Management Commentary

The company highlighted efforts to optimize operational efficiency and expand high-margin product lines. Focus areas include:

• Accelerating compliance upgrades post-FDA observations
• Leveraging vertical integration to mitigate input cost pressures
• Exploring new markets for API (Active Pharmaceutical Ingredients) exports

Market Response

Shares closed flat ahead of earnings, reflecting investor caution amid ongoing regulatory reviews and pricing headwinds in global markets.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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SBI Mutual Fund Acquires 3.8% Stake in Happy Forgings for ₹341 Crore; Business Excellence Trust III Sells 4.2%

SBI Mutual Fund Boosts Stake in Happy Forgings Amid Strategic Shifts

Transaction Details

SBI Mutual Fund acquired a 3.8% stake in Happy Forgings Ltd. for ₹341 crore through an open market transaction. The purchase of 35.91 lakh shares was executed at an average price of ₹950 per share, elevating SBI MF's total stake in the auto components maker to 5.77% (from 1.97%).

Key Financials

• Buyer: SBI Mutual Fund (₹341 crore investment)
• Seller: Business Excellence Trust III (4.2% stake sold for ₹371 crore)
• Post-Transaction Holdings:
  • SBI MF: 5.77% (up from 1.97%)
  • Business Excellence Trust III: 4.1% (down from 8.3%)

Market Reaction

Happy Forgings' shares fell 1.32% to close at ₹1,009.15 on the BSE following the transaction. The dip reflects investor concerns over the seller’s reduced stake and broader market volatility.

About Business Excellence Trust III

Managed by MOPE Investment Advisors (a Motilal Oswal Financial Services subsidiary), this SEBI-registered Alternative Investment Fund offloaded 39.10 lakh shares at ₹950.06 per share. The sale aligns with its portfolio rebalancing strategy.

Strategic Context

• SBI MF’s Auto Sector Focus: The acquisition strengthens SBI MF’s exposure to India’s growing auto components sector, which benefits from rising domestic and international demand.
• Happy Forgings’ Profile: A Ludhiana-based manufacturer specializing in forgings for automotive, agriculture, and construction industries.

Future Outlook

Analysts suggest SBI MF’s increased stake signals confidence in Happy Forgings’ long-term growth, despite short-term market fluctuations. The auto components sector is projected to grow at a 12% CAGR through 2027, driven by infrastructure investments and export opportunities.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.

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