FPI Selling Resumes: Rs 1,881 Cr Outflow, Market Trends

FPIs Resume Selling, Net Offload Equities Worth Rs 1,881 Crore

Foreign portfolio investors (FPIs) have resumed their selling spree in Indian equities, becoming net sellers again on Wednesday after a single session of net buying. They net offloaded stocks worth approximately Rs 1,881.3 crore.

On Tuesday, FPIs had been net buyers of equities, purchasing stocks worth Rs 4,786.6 crore.

Domestic Institutional Investors Continue Buying

Meanwhile, domestic institutional investors (DIIs) continued their buying streak for the eleventh consecutive session on Wednesday, net buying equities worth Rs 1,957.7 crore, according to provisional data from the National Stock Exchange.

February and 2025 Trends

So far in February, overseas investors have net sold stocks worth Rs 28,418 crore, according to data from the National Securities Depository Ltd (NSDL).

In 2025 to date, FPIs have sold equities worth Rs 1.06 lakh crore. In January alone, they offloaded stocks worth Rs 78,027 crore, as per the data.

Market Performance

India's benchmark indices experienced another session of muted performance on Wednesday, fluctuating between gains and declines within a rangebound trading pattern. Information technology and pharmaceutical stocks declined, while realty and metal stocks climbed.

• The NSE Nifty 50 ended 12.4 points or 0.05% lower at 22,932.9.
• The BSE Sensex closed 28.21 points or 0.04% lower at 75,939.18.

Intraday, the Nifty 50 fell 0.57% but remained above the critical support level of 22,800, while the Sensex lost 0.51% to stay just above 75,500.

Market Outlook

According to Aditya Gaggar, director of Progressive Shares, the Nifty 50 has remained within its established range of 22,800 to 23,100, indicating that the market is awaiting a breakout on either side to determine its next directional move.

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 Glycols: Rs 1,264 Crore Ethanol Contract & Q3 Results

India Glycols Secures Ethanol Supply Contract Worth Rs 1,264.20 Crore

India Glycols Ltd. has been awarded a significant contract to supply 18.06 crore liters of ethanol for Rs 1,264.20 crore under the Ethanol Blended Petrol (EBP) programme.

The company received an order for 17.53 crore liters of ethanol, valued at Rs 1227.10 crore, from major oil marketing companies including Bharat Petroleum Corp., Indian Oil Corp., and Hindustan Petroleum Corp.

In addition to this, India Glycols secured a further ethanol supply contract for 1227.10 crore liters worth Rs 37.10 crore from private oil companies, comprising Reliance Industries Ltd. and Nayara Energy Ltd.

Previous Orders

Earlier in December, India Glycols had already bagged orders worth Rs 1,164 crore for the supply of ethanol under the EBP programme. This included orders worth Rs 896 crore from Bharat Petroleum Corporation Ltd., Indian Oil Corporation Ltd., and Hindustan Petroleum Corporation Ltd., along with a remaining order of Rs 268 crore from Reliance Industries Ltd. and Nayara Energy Ltd.

India Glycols Q3 Performance

India Glycols has also demonstrated strong financial performance in the third quarter of the current fiscal year 2025:

• Net profit surged by 26% to Rs 56.81 crore, compared to Rs 41.63 crore in the same period last year.
• Revenue rose by 14.4% to Rs 975.20 crore, compared to Rs 904.22 crore in the year-ago period.
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) soared by 21% to Rs 123.66 crore.
• Margins expanded from 11.3% to 12.7%.

Stock Performance

Shares of India Glycols closed 7.62% higher at Rs 1,158.50 apiece on the NSE on Wednesday, compared to a 0.05% fall in the benchmark Nifty 50. The stock has risen by 32.54% in the last 12 months.

Analyst Ratings

Analysts tracking India Glycols suggest a 'buy' rating. The average 12-month analysts' price target implies a potential upside of 69.3%.

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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Goldman Sachs Invests Rs 401 Crore in BSE Shares: Details & Impact

Goldman Sachs Acquires BSE Shares for Rs 401 Crore in Open Market Deal

Goldman Sachs, a prominent banking and financial services firm, has purchased shares of the leading stock exchange BSE (formerly Bombay Stock Exchange) for Rs 401 crore through an open market transaction. The deal was executed on Wednesday, February 19, 2025.

According to bulk deal data available on the National Stock Exchange (NSE), Goldman Sachs, through its arm Goldman Sachs (Singapore), acquired 7.28 lakh shares of BSE Ltd.

Details of the Transaction

• Buyer: Goldman Sachs (Singapore)
• Shares Purchased: 7.28 lakh
• Average Price: Rs 5,504.42 per share
• Total Deal Value: Rs 401.19 crore

The identities of the sellers involved in the transaction could not be immediately ascertained on the exchange.

BSE Stock Performance

Following the announcement of the bulk deal, shares of BSE experienced a significant rally, closing 8.14% higher at Rs 5,608.50 per share on the NSE on Wednesday.

BSE's Financial Performance

On February 6, BSE reported a doubling of its net profit to Rs 220 crore for the three months ended December 2024. In the corresponding quarter of the previous fiscal year, the company posted a net profit of Rs 108.2 crore.

The exchange also recorded its highest-ever quarterly revenue of Rs 835.4 crore in the October-December period of the current financial year (FY25), representing a 94% jump from Rs 431.4 crore in the same period of the preceding fiscal.

BSE's average daily turnover for the quarter under review was Rs 6,800 crore, compared to Rs 6,643 crore a year ago.

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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Godrej Capital IPO: AUM Crosses Rs 15,000 Crore, Plans Unveiled

Godrej Capital Targets IPO in Three Years After AUM Surpasses Rs 15,000 Crore

Godrej Capital, the financial services arm of the Godrej Group, is aiming for an initial public offering (IPO) in approximately three years. This announcement comes as the company's assets under management (AUM) have crossed the Rs 15,000 crore mark.

Nadir Godrej, Managing Director of Godrej Industries, shared this timeline at the NDTV Profit Conclave in Mumbai. He emphasized that Godrej Capital is already generating significant profits and will continue to receive investments to fuel its expansion.

Key Milestones

Godrej highlighted that reaching an AUM of Rs 10,000-15,000 crore is a crucial milestone in the company's journey towards going public. With the recent achievement of surpassing Rs 15,000 crore, the company is well on its way to meeting this target.

Manish Shah, Managing Director and CEO of Godrej Capital, reported earlier this month that the company's AUM had exceeded Rs 15,000 crore in January 2025. He also projected that the AUM would reach Rs 30,000 crore by March 2026. Notably, in Tamil Nadu, the company has experienced growth exceeding 100%, with AUM rising to Rs 800 crore and expected to surpass Rs 1,000 crore by March 2025.

Profitability and Expansion Plans

Shah also revealed that Godrej Capital reported a profit of Rs 55 crore in the last financial year, with expectations to triple this figure to Rs 175 crore by March 2025. Furthermore, the company has 3,800 channel partners and plans to expand this network to over 10,000 in the next two years.

About Godrej Capital

Launched in 2022, Godrej Capital serves as the holding company for Godrej Housing Finance and Godrej Finance, focusing on home loans and loans against property. The company has received Rs 3,000 crore in equity from the Godrej Industries Group and has raised debt through banks and other financial institutions.

Current and Planned Operations

Godrej Capital currently operates in Mumbai, Bengaluru, Delhi-NCR, Ahmedabad, and Pune. The company is poised to expand its presence into Jaipur, Chandigarh, Hyderabad, Chennai, Indore, and Surat.

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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Mahindra & Anduril Partner on Autonomous Maritime & CUAS Tech

Mahindra Partners with Anduril to Develop Autonomous Maritime Systems

Mahindra Group has announced a strategic alliance with Anduril Industries, a U.S.-based technology company specializing in autonomous systems. The collaboration will focus on co-developing and co-producing Autonomous Maritime Systems, advanced AI-enabled Counter Unmanned Aerial Systems (CUAS) technologies, and Command and Control (C2) software.

This partnership aims to enhance regional security by deploying next-generation autonomous solutions and strengthening maritime operational capabilities.

Key Areas of Collaboration

The Mahindra-Anduril alliance will concentrate on several critical areas:

• Autonomous Underwater Vehicles (AUVs): Developing modular AUVs that can be rapidly deployed for security, surveillance, survey, and reconnaissance missions, significantly enhancing underwater operational capabilities.
• Counter-Unmanned Aerial Systems (CUAS): Creating advanced CUAS technologies capable of detecting and neutralizing drone threats, providing enhanced protection against unmanned aerial systems.
• Sensor Fusion Platform: Developing a sensor fusion platform to integrate multiple sensor technologies into a flexible, open API architecture, streamlining integration processes and accelerating the adoption of advanced technologies across complex security programs.

Leadership Insights

Vinod Sahay, Group Executive Board Member, Mahindra Group, emphasized the synergy between the two companies, stating, "This collaboration combines our deep engineering expertise with Anduril’s innovative solutions to deliver cutting-edge capabilities that enhance security and address emerging threats."

Greg Kausner, SVP- Global Defence, Anduril Industries, highlighted the evolving security landscape, stating, "Global security forces face a rapidly evolving set of threats from both emerging unmanned systems and legacy manned platforms, and Autonomy is key to maintaining a credible protection. We believe that our two companies together are well poised to bring cutting edge autonomy-enabled capabilities to the Indian market."

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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Tata Steel's £1.25B UK Project Approved: Electric Arc Furnace

Tata Steel's Electric Arc Furnace Project in Port Talbot Receives Approval

Tata Steel UK's proposal to construct a £1.25 billion electric arc furnace steelmaking facility at Port Talbot in South Wales has been approved by the Neath Port Talbot Council’s Planning Committee.

Rajesh Nair, CEO of Tata Steel UK, expressed his satisfaction with the approval, stating, "We are very pleased to have secured approval to build sustainable steelmaking in Port Talbot. This is a significant milestone for the project, and we are committed to beginning large-scale work on-site this summer, ahead of the electric arc furnace starting up from the end of 2027."

Significant Investment in UK Steel Industry

The £1.25 billion investment is the most substantial in the UK steel industry in decades. It aims to secure high-quality steel production, preserve thousands of jobs, and safeguard steelmaking in Port Talbot for future generations.

Government Support and Job Preservation

The project is supported by £500 million of UK government funding. This investment will preserve 5,000 Tata Steel UK jobs and reduce on-site carbon dioxide emissions by 90% compared to previous blast furnace-based steelmaking – equivalent to 1.5% of the UK’s total direct carbon dioxide emissions.

Potential Job Impact

Tata Steel had previously indicated that the transition from blast furnace steelmaking to an electric arc furnace could potentially impact approximately 2,800 jobs.

Government Perspective

Business and Trade Secretary Jonathan Reynolds commented, “This is a major step forward in securing a bright, long-term future for steel in South Wales, following the improved deal for Port Talbot’s transition we agreed with Tata Steel and the next phase of our Plan for Steel – unveiled last week.”

He added, “Today’s news will provide security for Port Talbot’s green steel transition and help give Welsh steelmaking the certainty it needs to drive growth and attract investment, as part of our Plan for Change.”

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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Tesla India Launch: Sales Could Begin in Months, Berlin Imports

Tesla's India Entry Imminent: Sales Could Begin Within Three Months

Tesla's long-awaited entry into the Indian market could be just around the corner, with sales potentially starting as early as April this year. Sources indicate that Tesla is considering importing electric vehicles (EVs) from its Berlin plant to kickstart operations in India.

Affordable EV Strategy

It's believed that Tesla and Elon Musk are keen on introducing an affordable EV, priced under $25,000, to the Indian market. This strategy aligns with Tesla's global plans to launch more accessible electric cars and expand its market share amidst increasing competition from companies like BYD.

Showroom Locations Finalized

Tesla has reportedly finalized locations for its company-owned showrooms in prime areas of Delhi (Aerocity) and Mumbai (BKC). The company is eager to commence operations at the earliest possible opportunity.

Hiring Underway

Tesla has already begun advertising for various job roles in Mumbai, including store managers, service advisors, and service technicians. This indicates the company's commitment to establishing a robust presence in India.

Potential Tariff Reductions

Industry sources suggest that India may further reduce duties on imported electric cars due to the ongoing threat of reciprocal tariffs from the United States. While the recent budget reduced basic customs duty (BCD) on imported cars costing over $40,000 from 100% to 70%, the effective BCD on cars costing up to $40,000 remains at 70%.

Trump's Stance on Tariffs

During Prime Minister Modi's visit to Washington DC, President Trump highlighted the challenges posed by high tariffs in India, making it difficult to sell cars. While acknowledging the recent duty reductions, Trump emphasized that the overall tariff rate remains high.

Reciprocal Tariffs Threat

President Trump recently signed an executive order to impose reciprocal tariffs on nations with high duties on American imports. These tariffs could take effect in April after US federal agencies analyze country-wise tariffs and submit their recommendations. If implemented, the US could impose reciprocal duties on Indian cars and other products.

Musk and Modi Meeting

On February 13, Elon Musk met with Prime Minister Modi to discuss various issues, including space, mobility, technology, and innovation. PM Modi expressed India’s commitment to reform and efficient governance. Musk described the meeting as an honor.

Sourcing Components from India

While Musk hasn't committed to manufacturing in India yet, Tesla is expected to source components worth over a billion dollars from India this year, with potential for significant growth in the coming months.

Potential Trump Visit and Trade Deal

Musk is likely to accompany President Trump during his visit to India for the Quad Summit this fall. Ahead of the visit, US Commerce Secretary Howard Lutnick and Commerce Minister Piyush Goyal are expected to meet to discuss a multi-sectoral trade deal and automobile tariffs.

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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