NHPC Share Price Rises Over Sector Despite Conflicting Long-Term Signals

NHPC share price showed strong performance today. It gained 5.17% during the early trading hours of March 28, 2025. This outperformed the sector by 4.55%. The stock has risen for 2 consecutive days. It has increased by 5.61% in this period. Intraday, the stock reached a high of ₹85.5. This represents a 5.24% increase.

Year-to-Date and Long-Term Performance

The year-to-date performance of NHPC is positive. It stands at 5.70%. This contrasts with the Sensex. The Sensex has declined by 0.88% during the same period. Over a longer period, NHPC has delivered significant returns. The stock has increased by 339.69% in the past 5 years. The Sensex’s increase during this time was 159.77%.

Based on news reports, power sector stocks in India have lost nearly 5.12% in a year. They have fallen by around 11% in 6 months. However, NHPC share price has defied this performance. The stock touched a record high of ₹118.85 on July 15, 2024. It recorded its 52-week low on February 12, 2025, where it reached ₹71.01.

As of 12.56 PM, NHPC share price was UP 3.41% and was trading at ₹84.05.

About NHPC

NHPC is India’s largest hydropower producer. It is expected to commission a new projects worth 2,170 MW by 2026. In public interviews, NHPC’s CMD Mr. Raj Chaudhary has also disclosed the company’s plans to commisssion a 2,000 MW Subansiri hydropower plant in Arunachal Pradesh.

NHPC’s current operational capacity is roughly 7,233 MW. 6,571 MW of this capacity is from hydropower and the remaining is from renewable energy. It operates nearly 22 hydropower projects across different regions in India.

By the end of March 2025, NHPC will commission 5 of 8 units of the 800 MW Parbati-II hydroelectric power project in Himachal Pradesh. This will increase its existing hydropower capacity to 24,982 million units.

In December 2025, the company will commission the 120 MW Rangit-IV Hydroelectric Project in Sikkim. This is enhancing investors’ interests in the company.

Conclusion

NHPC’s share price performance is surpassing the struggles of India’s power sector. This is driven by positive investor sentiment regarding its business expansion plans. This especially includes its upcoming plans for commissioning large-scale hydropower projects. Despite mixed long-term signals, the near-term gains reflect confidence in NHPC’s growth trajectory.

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.

Newgen Software Secures US$1.385 Million Contract

Newgen Software share price gained 2% on Thursday. The stock price reached ₹986 apiece on March 27. This followed the company’s announcement of securing an Enterprise Content Management Solution contract worth US$1.28 million. The contract is expected to be executed over the coming 5 years.

Newgen Software Share Price Performance

Over the past 6 months, Newgen Software share prices have faced pressure. They have tumbled by over 30%, in contrast to the Nifty 50 index, which declined by 10% during the same period.

Additional Business Wins

Adding to its recent business momentum, Newgen Software secured another agreement last month. The company executed a Statement of Work (SoW) with a US-based client. This 3 year agreement is valued at US$1.93 million. It has further strengthened Newgen’s position in the global market.

Strong Q3 Financial Results of Newgen Software 

In the third quarter, Newgen Software witnessed a 31% growth in net profit. It surged to ₹89 crore from ₹68 crore during the same period last year. This growth was driven by strong operational execution and improved profit margins.

Revenue for the quarter also climbed by 17.7% to ₹381 crore. This is compared to ₹323.7 crore last year. The increase in revenue was driven by rising demand for Newgen’s digital transformation solutions. This spans across multiple sectors.

On the operational front, the company posted a significant jump in EBITDA. Earnings Before Interest, Taxes, Depreciation, and Amortisation rose by 40.2%. EBITDA soared to ₹107.8 crore. Meanwhile, EBITDA margins expanded by 28.3%. This is a notable up from 23.8% last year, driven by improved cost efficiencies.

Conclusion

Newgen Software’s stock saw a rise after a new contract win. However, it has faced downward pressure recently. Jefferies downgraded the stock despite strong Q3 results. Valuation concerns and moderated growth expectations were cited.

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.

Government to Launch “Sahkar Taxi”, A Cooperative Taxi Service Soon

The Indian government is planning to launch a new cooperative-based taxi service. It will be called “Sahkar Taxi” which will operate across the country. It aims to provide an alternative to popular ride-hailing platforms. Ola and Uber are examples of these platforms.

This move will place the government in competition with existing players. Uber, Ola, and Rapido are already in the market. New aggregators like BluSmart are also emerging. All players are vying for a larger share of the Indian market.

Features of Sahkar Taxi

Union Minister Amit Shah announced the plan in Parliament on Wednesday. He stated that the new service will register various types of vehicles. These include two-wheeler taxis and rickshaws. Four-wheeler taxis will also be registered.

Unlike private company services, Sahkar Taxi will operate differently. All profits generated by the service will go directly to the drivers. This is in contrast to the current model where profits go to large corporations.

The Union Cooperation Minister explained the concept. He said that in the coming months, the government will launch Sahkar Taxi. This will be a cooperative service, similar to Ola and Uber. The service will include two-wheeler taxis, rickshaws, and four-wheeler taxis.

Existing Models in Other States

A similar model is already in place in West Bengal. The state government launched a service called Yatri Sathi. It now operates in other cities like Siliguri, Asansol, and Durgapur. It offers several features. This includes quick dispatch and local language support (Bengali and English ). Their fares are extremely affordable.

Besides, the service provides 24/7 customer support. This makes it a convenient option for passengers in the region.

In Karnataka, a privately owned taxi service app follows a similar model. The app is called Namma Yathri. It ensures that all profits go directly to the drivers. The app offers a range of services. These include cabs, two-wheelers, and four-wheelers. It also offers pooling options. This gives drivers more control over their earnings.

Conclusion

The Indian government’s plan to launch Sahkar Taxi aims to offer a driver-centric alternative in the ride-hailing market. By ensuring profits go to drivers, it differentiates itself from existing platforms. Models in West Bengal and Karnataka provide a precedent for this approach.

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.

Kinetic Engineering Receives Approval for ₹177 Crore Investment

Kinetic Engineering has received in-principle approval from the Bombay Stock Exchange (BSE). The approval is for an investment proposal worth ₹177 crore. Shareholders overwhelmingly supported the proposal. 99.9967% voted in favor of the fund infusion. This indicates strong confidence in the company’s growth strategy.

Details of Kinetic Engineering’s Investment Proposal

The investment will be raised through convertible warrants. A total of 1,03,56,725 warrants will be issued. The first tranche of ₹55 crore is expected soon. It is scheduled for infusion before March 31, 2025.

The funds will be allocated to various areas. Capital expenditure is one. Tooling and expansion activities will also be funded. These activities will be across Kinetic Engineering and its EV subsidiaries, including Kinetic Watts and Volts. The remaining amount will be invested over the next 18 months.

Regulatory and Shareholder Approvals Secured

The company confirmed that the proposal has cleared all necessary hurdles. These include regulatory and shareholder approvals. SEBI has also given its approval.

The new investment pool includes contributions from various sources. The promoter group is contributing. Key investors such as Transaction Square LLP and Sai Geeta Penumetsa are also participating. This broad base of support indicates trust in Kinetic’s direction.

Kinetic Engineering’s Focus on the Electric Mobility Division

The electric vehicle division, Kinetic Watts and Volts, is set to be the main beneficiary. The new capital will primarily support this division. Kinetic Watts and Volts aims to capitalise on the growing EV market. This segment is expanding due to favorable government policies. Increasing environmental concerns are also driving demand.

Management’s Perspective on the Investment

The senior management of Kinetic Group has highlighted this event as a milestone for Kinetic Engineering. It signifies the ongoing transformation of the company. The goal is to unlock new opportunities, build capacity, and create lasting value for all stakeholders.

Promoter Group to Increase Shareholding

Signaling strong promoter backing, the group plans to increase its stake. They aim to raise their shareholding from 59% to 70%. This is targeted for the financial year 2027. This step is intended to reinforce long-term involvement. It will also provide stability as the company ramps up operations. This is particularly relevant in the evolving electric vehicle space.

Conclusion

Kinetic Engineering has secured approval for a significant investment. This funding will support their growth and EV ambitions. Strong backing from shareholders and promoters indicates confidence in the company’s future.

As of 3.14 PM, Kinetic Engineering share price was down 3.89% and was trading at ₹168.00

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.

United Spirits Share Price in Focus as Board Meets to Decide on Dividend Today

United Spirits share price will be in focus today. The company’s board of directors will meet to declare a dividend. United Spirits shares closed slightly lower in the previous session. This was ahead of the board meeting.

Board Meeting Scheduled for Dividend Decision

The meeting of the board of directors of United Spirits is scheduled for today. The purpose is to consider and approve an interim dividend.

Dividend Payment Date Not Yet Announced

The company has not yet announced the payment date for the dividend. The board meeting will decide on the declaration. If declared, the payment date will be announced later.

Revised Dividend Record Date

United Spirits has revised its record date for dividend payment. The new record date is Thursday, April 3, 2025. Previously, the company had set April 2 as the record date. The interim dividend, if declared, will be paid to shareholders. Their names must appear on the company’s register.

Alternatively, they should be in the records of the depositories. This is because dividends are only paid to beneficial owners of the shares.

United Spirits Dividend History

United Spirits last declared a final dividend on July 12, 2024. The dividend was ₹5.00 per equity share. Before that, the company issued an interim dividend. This was ₹4.00 per share on November 17, 2023.

Earlier, United Spirits announced dividends in 2013 and 2012. Both were ₹2.50 per share.

United Spirits Share Price Performance

The United Spirits share price has shown a marginal gain recently. It increased by 1% over the past month. However, the stock has declined this year. On a year-to-date basis, it is down by 18%.

Over the past year, United Spirits shares have surged by 21%. In the last two years, the stock has gained 78%. Over 5 years, United Spirits stock has delivered strong returns of 178%.

On Wednesday, United Spirits share price ended lower. The decrease was 0.48%. The closing price was ₹1,359.60 apiece on the BSE.

Conclusion

United Spirits’ board is meeting today to decide on an interim dividend. The record date for the dividend has been revised to April 3, 2025. The stock has shown mixed performance recently.

As of 2.01 PM, the United Spirits share price was up by 2.49% and was trading at ₹1,395.40.

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.

Sunteck Realty Share Price Rises As Company Plans to Invest US$10-20 Million in SLIPL

Sunteck Realty share price are being closely watched today. Yesterday, the company announced its decision to invest in its subsidiary. The investment will be in Sunteck Lifestyle International Private Limited (SLIPL). The amount is expected to be between $10 and $20 million. This will be done either via equity/preference shares or convertible securities.

Investment in Wholly Owned Subsidiary

SLIPL is a wholly owned subsidiary of Sunteck Realty. It was incorporated in Mauritius. It was established as a private company on October 25, 2013. The primary business activity of SLIPL is that of an investment holding company. The turnover of the company has been nil for the past 3 financial years. These include 2023-24, 2022-23, and 2021-22.

Funds to Support Dubai Project

The proceeds from this investment will be utilised by SLIPL. The purpose is to make further investment in entities. These entities are directly or indirectly involved in the existing Dubai Project. The company disclosed this information in a stock exchange filing on Wednesday.

Related Party Transaction Details

Since Sunteck’s transaction is with its wholly owned subsidiary, it has been classified as a related party transaction. However, the company stated that it will be conducted on an arm length basis. The company also clarified that none of its promoters or promoter group companies have any interest in this transaction.

Investment Timeline

The infusion of funds will occur in one or more tranches. The timing will depend on the financial requirements of the existing Dubai Project. This investment is planned to take place for approximately 24 months.

Recent Stock Performance

On Wednesday, Sunteck Realty share price closed at ₹386.95 on the BSE. The stock experienced a decline of ₹11.90. This represents a fall of 2.98% compared to the previous closing price.

The stock has underperformed the market this year. It has fallen by over 24% year-to-date. Its one-year returns are also negative, standing at -3.3%. In contrast, the BSE Sensex has shown gains. It has risen by 6.7% in the past year. The Sensex’s year-to-date fall is 1.5%.

Conclusion

Sunteck Realty will invest US$10-$20 million in its subsidiary for the Dubai project. This investment aims to support their international ventures. The stock has underperformed recently but remains focused on its development plans.

As of 1.08 PM, Sunteck Realty share price was up 2.30% and was trading at ₹395.30.

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.

Ashok Leyland Share Price in Focus as Promoter Entity Pledges a 30% Stake

Ashok Leyland share price experienced a decline of up to 4% in early trading. This was in response to two significant news items. These developments emerged after the market closed on Wednesday.

Promoter Hinduja Automotive Pledges Stake

One of Ashok Leyland’s promoters, Hinduja Automotive Ltd., made an announcement. In an exchange filing on Wednesday evening, they disclosed a pledge to sell 30% stake in the company.

Based on Ashok Leyland’s current market price, this pledged stake is substantial. It is valued at over ₹6,400 crore. As of December 31 of the previous year, Hinduja Automotive held a significant stake. Their holding amounted to 35% of the company.

Switch Mobility to Shut Down UK Operations

In addition to the promoter stake pledge, the company made another announcement. Ashok Leyland will be shutting down operations. This involves its EV arm, that is, Switch Mobility’s manufacturing and assembly unit. The affected unit is located in the UK. The company cited several reasons for this decision, such as economic uncertainties and slow EV adoption in Europe.

Company Denies Interest in SML Isuzu Stake

On Wednesday, shares of Ashok Leyland had closed higher. They gained 2.1% after denying reports of their plans to acquire the promoter stake of SML Isuzu. The company refuted claims that it was not interested.

As of noon, Ashok Leyland share price was down 0.67% and was trading at ₹213.53.

Financials of Ashok Leyland

Over the last three years, Ashok Leyland has demonstrated a 117.90% profit growth. Its revenue has also risen by 35.85% during the same period. The company has consistently maintained a healthy Return on Capital Employed (ROCE) of 21.57% over the past three years. This indicates efficient capital utilisation.

The company has an Interest Coverage Ratio of 16.20. It has reported a Cash Conversion Cycle of -21.27 days during December’s quarterly results. The company also benefits from a high degree of Operating Leverage, averaging 11.75.

Conclusion

Ashok Leyland’s stock fell due to promoter stake pledge and the UK unit closure. Investors see the UK decision as a positive step for reducing losses.

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.

Mid-Day Top Gainers and Losers on March 27, 2025: MBL Infrastructure and Natural Capsules Led Gainers

On March 27, 2025, as of 12:06 PM, the BSE Sensex was up 0.39% at 77,592.75, while the Nifty 50 was up 0.41% at 23,583.15. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
MBLINFRA 34.5 41.4 34.46 41.4 20
NATCAPSUQ 168.05 199 168.05 188.41 13.09
GPTINFRA 107.36 126.01 105 121.05 12.74
RUCHINFRA 7.89 8.91 7.8 8.36 12.52
BFUTILITIE 641 735.5 635 726.5 12.5

MBL Infrastructure Limited (MBLINFRA)

The stock saw a significant surge, rising by 20% to reach its high of ₹41.4, up from an opening price of ₹34.5.

Natural Capsules Limited (NATCAPSUQ)

The stock gained 13.09%, reaching ₹188.41, after opening at ₹168.05 and hitting a high of ₹199.

GPT Infraprojects Limited (GPTINFRA)

GPT Infraprojects rose by 12.74%, with the price reaching ₹121.05, up from an opening of ₹107.36.

Ruchi Infrastructure Limited (RUCHINFRA)

The stock increased by 12.52%, reaching ₹8.36 after opening at ₹7.89 and peaking at ₹8.91.

BF Utilities Limited (BFUTILITIE)

BF Utilities saw a 12.5% gain, with the stock hitting ₹726.5, up from the opening price of ₹641, and a high of ₹735.5.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
IRIS-RE 5.1 8 4.77 6.5 -18.34
NDLVENTURE 61.18 63.58 52.8 53 -13.37
KESORAMIND 4.42 4.42 4.42 4.42 -10.16
SMLT 113.99 113.99 100.51 101.5 -8.1
PEARLPOLY 29 29.04 26.61 26.8 -7.65

Iris Clothings Limited-RE (IRIS-RE) 

The stock dropped by 18.34%, falling to ₹6.5 from an opening price of ₹5.1, after hitting a high of ₹8 and a low of ₹4.77.

NDL Ventures Limited (NDLVENTURE)

The stock decreased by 13.37%, trading at ₹53 after opening at ₹61.18, with a high of ₹63.58 and a low of ₹52.8.

Kesoram Industries Limited (KESORAMIND)

The stock remained flat at ₹4.42, with no price movement throughout the session, marking a 10.16% decline.

SML Isuzu Limited (SMLT)

The stock fell by 8.1%, reaching ₹101.5, down from an opening price of ₹113.99, with the price touching a low of ₹100.51.

Pearl Polyurethane Limited (PEARLPOLY)

The stock declined by 7.65%, dropping to ₹26.8, after opening at ₹29 and reaching a high of ₹29.04 and a low of ₹26.61.

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.

 

KKR Expected to Sell Stake in JB Chemicals: Check Key Details Here!

JB Chemicals share price will be in focus today. This follows news of global private equity firm KKR to sell its stake of 10.2% from JB Chemicals. The sale is worth US$300 million. It will be completed through a block deal via KKR’s affiliate Tau Investment Holdings.

Details of KKR’s Block Deal

The floor price for the block deal is ₹1,625 per share. This is a discount of nearly 5%. It is against the previous close of ₹1,703.40 on Wednesday. The base offer includes 1.06 crore equity shares. This represents a 6.8% stake. It is worth ₹1,805.60 crore.

There is also a greenshoe option of 0.53 crore shares. This is a 3.4% stake. It is valued at ₹902.80 crore.

KKR’s Investment in JB Chemicals

Tau Investment Holdings held a 53.66% stake in JB Chemical & Pharma. This was as of December 31, 2024.

In 2020, KKR had acquired a 54% stake in JB Chemicals. The deal was worth ₹3,109 crore. The acquisition price was ₹745 per share. This was followed by a 1:1 stock split in September 2023. The stock split resulted in a face value of ₹1. Since then, KKR has generated returns of over 335%.

Merchant Bankers for the Transaction

IIFL Capital Services is a book running lead manager. Jefferies India is also a lead manager. Kotak Securities and Spark Institutional Equities are also involved. The total market capitalisation of the company was over ₹26,500 crore on Wednesday. The stock has gained more than 13% in the last 2 weeks.

KKR’s Previous Attempts to Exit

KKR has considered selling its controlling stake in JB for the past year. It has held discussions with strategic suitors, including private equity players. KKR intended to sell its entire stake in JB Chemicals and Pharma in 2025. However, the deal could not be finalised. This was due to disagreements on the company’s valuation.

JB Chemicals’ Financial Performance

JB Chemicals and Pharmaceuticals reported a 21.64% year-on-year in net profits. This was in the December 2024 quarter. Revenue from operations also increased by 14% year-on-year to ₹963.4 crore. EBITDA was up by 14.1%. It reached ₹254.5 crore. The EBITDA margin was 26.4% for the quarter.

Conclusion

KKR is likely to sell a significant stake in JB Chemicals. The block deal is expected to be worth around US$300 million. This move comes after KKR’s successful investment in the company. The sale could influence the stock’s performance in the near term.

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.

Income Tax 2025: Key Deadlines to Meet Before March 31, 2025!

Taxpayers need to be aware of important upcoming deadlines before March 31, 2025. These relate to income tax filings and investments. Missing these deadlines can have adverse financial implications.

Tax Deadline 1: Filing Updated Income Tax Return (ITR-U)

Taxpayers must file their updated ITR for FY 2022-23. The assessment year is 2023-24. The deadline is March 31, 2025. Filing before this date has a 25% additional tax. This is on the undisclosed income. Delaying beyond March 31 increases this to 50%. Interest will also be charged.

The government plans to extend the ITR-U filing period. It will be 4 years starting April 2025. However, higher penalty taxes will apply then.

Tax Deadline 2: Tax-Saving Investments

Those using the old tax regime need to complete tax-saving investments. This is under Sections 80C, 80D, and 80G. The deadline is March 31. This will allow you to claim deductions for FY 2024-25. Eligible options include ELSS funds. PPF and NSC are also included. Life insurance premiums qualify. Health insurance is another option.

Tax Deadline 3: Foreign Income Statement

Taxpayers claiming foreign tax credit must submit Form 67 before March 31, 2025. This applies to tax deducted or paid on foreign income. The income is for FY 2022-23. The credit is available only if the return is filed on time. This is as specified under sections 139(1) or 139(4).

Conclusion

Taxpayers should note the March 31 deadline. This is for updated ITR filing and tax-saving investments. Submitting Form 67 for foreign income credit also has this deadline. Missing these can lead to penalties or loss of benefits.

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.