Mid-Day Top Gainers and Losers on March 13, 2025: Bharat Electronics and ONGC Led Gainers

On March 13, 2025, as of 12:59 PM, the BSE Sensex was down 0.02% at 74,042.14, while the Nifty 50 was down 0.07% at 22,455.55. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

 

Symbol Open High Low LTP %Chng
BEL 283 285.8 279.42 283.12 2.27
ONGC 228.15 230.4 224.87 226.52 0.94
SBIN 725.9 731.45 724.5 729 0.82
LT 3,202.25 3,233.15 3,183.75 3215.75 0.69
ICICIBANK 1,251.05 1,255.60 1,245.30 1251.4 0.6

 

Bharat Electronics Limited

BEL’s stock opened at ₹283, and saw a high of ₹285.8. As of 12.28 PM, it was trading 2.27% above the previous close.

ONGC

ONGC’s stock opened at ₹228.15 and reached a high of ₹230.4. As of 12.28 PM, it was trading with a 0.94% gain.

State Bank of India

SBIN’s stock opened at ₹725.9 and peaked at ₹731.45.  As of 12.28 PM, it was trading with a 0.82% rise.

Larsen & Toubro

LT’s stock opened at ₹3,202.25 and hit a high of ₹3,233.15. As of 12.28 PM, it was trading at a 0.69% gain.

ICICI Bank

ICICIBANK’s stock opened at ₹1,251.05 and reached a high og ₹1,255.60. As of 12.28 PM, it was trading at a gain of 0.6%.

Mid-Day Top Losers

 

Symbol Open High Low LTP %Chng
SHRIRAMFIN 638 644 619.5 620.9 -2.52
HINDALCO 690.2 692.95 673.25 675.95 -2.01
TATAMOTORS 670.65 671.85 654 657.5 -1.62
WIPRO 268.55 271.1 264.2 264.95 -1.34
HEROMOTOCO 3,625.00 3,625.55 3,560.50 3566 -1.23

 

Shriram Finance 

SHRIRAMFIN’s stock opened at ₹638 and dropped to ₹619.5. As of 12.28 PM, it was being traded at a 2.52% loss.

Hindalco

Hindalco’s stock opened at ₹690.2 and fell to ₹673.25. As of 12.28 PM, it was trading at a decline of 2.01%.

Tata Motors

TATAMOTORS’ stock opened at ₹670.65 and dropped to ₹654. As of 12.28 PM, it was trading at a loss of 1.62%.

Wipro

WIPRO’s stock opened at ₹268.55 and hit a high of ₹264.2. As of 12.28 PM, it was trading at a loss of 1.34%.

Hero Motor Company

HEROMOTOCO’s stock opened at ₹3,625, and dropped to ₹3,560.50. As of 12.28 PM, it was trading at a loss of 1.23%.

 

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.

Boosting Fisheries Sector: India Launches ₹6,000 Crore PM-MKSSY Scheme

The Indian government has launched a new initiative to bolster the fisheries industry with the introduction of the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY). This is a Central Sector Sub-scheme which operated under the prevailing Pradhan Mantri Matsya Sampada Yojana (PMMSY). 

PM-MKSSY has an estimated budget of ₹6,000 crore will run for 4 years from FY 2023-24 to FY 2026-27. It is designed to resolve key challenges in the fisheries industry through 4 core components.

Component 1-A: Formalisation and Financial Access 

Component 1-A focuses on facilitating access to government programs for fisheries microenterprises. By resolving their working capital requirements, the government aims to bring smaller players into the formal economy.

Component 1-B: Aquaculture Insurance

Component 1-B aims to encourage farmers to adopt aquaculture insurance. By recognising aquaculture risks, the scheme provides 2 types of insurance products for farmers. This includes a basic insurance plan covering yield losses caused by non-preventable perils (including natural calamities). It also includes a comprehensive insurance plan for diseases. 

The scheme has set an incentive amount at 40% of the premium paid by farmers. This includes a ceiling of ₹1 lakh for 4 hectares of Water Spread Area or ₹25,000 per hectare per farmer. For intensive aquaculture systems, the incentive remains at 40% of the premium, with a ceiling of ₹1 lakh per farmer for an 1800 m3. 

Notably, women beneficiaries and Scheduled Tribe/Scheduled Caste will receive an additional incentive of 10%, thereby promoting financial inclusivity.

Component 2: Value Chain Enhancement 

Component 2 aims to support microenterprises in improving value chain efficiencies. By enhancing post-harvest management practices, the fisheries industry can substantially reduce  their waste generation. By implementing effective processing and marketing strategies, they can also enhance their profitability.

Component 3: Safety and Quality Assurance

Component 3 emphasises the expansion and adoption of product safety and quality assurance systems in the fisheries industry. This is important to ensure consumer safety and enhance the competitiveness of Indian fisheries products in international markets.

A Digital Revolution: National Fisheries Digital Platform (NFDP)

In September 2024, the Indian government launched the National Fisheries Digital Platform (NFDP). It aims to create a comprehensive database for all industrial stakeholders by establishing a work-based digital identity for aquaculture farmers. It will offer institutional credit facilities, strengthen fisheries cooperatives, and incentivise aquaculture insurance. 

Impact and Future Outlook

The PM-MKSSY is poised to transform India’s fisheries sector by addressing numerous challenges pertaining to financial access, insurance, and quality assurance, among others. The scheme can enhance the livelihood of millions of Indian fish farmers and enhance the industrial growth rate. 

The growing focus on adopting digital solutions through the NFDP will streamline processes, promote greater efficiency, and ensure better transparency. The additional incentives for women and SC/ST beneficiaries highlight the government’s continuous commitment to ensuring inclusive growth.

 

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.

UltraTech Cement to Enter Wires and Cables Industry with ₹1,800 Crore Investment

UltraTech Cement has announced its plans to enter the wires and cables industry with a capex of around ₹1,800 crore over 2025-27. It is renowned as a flagship cement company of the Aditya Birla Group. Previously, it has forayed into the paints and coatings business in 2024. 

UltraTech Seeks Growth in Cables

During 2019-2024, the revenues of India’s wires and cables industry grew at a CAGR of 13%. Rapid formalisation of the industry has created new opportunities for Ultratech Cement to expand its operations. It is expected to compete with Sterlite Technologies, Finolex Cables, Polycab India, and other such companies. 

UltraTech to Launch Cables Plant in Gujarat

UltraTech plans to commission a new cables and wires manufacturing plant in Gujarat by December 2026. By leveraging its large-scale manufacturing expertise and robust distribution network, it will deliver high-end wires and cables to end consumers. 

UltraTech’s Kesoram Acquisition to Strengthen South India Presence

Last year, the National Company Law Tribunal had approved UltraTech’s acquisition of Kesoram Industries Ltd for ₹7,600 crore. The implementation of this demerger scheme is ongoing from March 1, 2025. This initiative is expected to enhance UltraTech Cement’s presence in South India considerably. 

Under the scheme, the company will issue 1 equity share of ₹10 each for Kesoram’s shareholders holding 52 equity shares of ₹10 each. The company had earlier set the record date as March 10, 2025.

Moreover, in exchange for 90,00,000 5% cumulative NCRP shares of ₹100 each, Kesoram’s preference shareholders will receive 54,86,608 fully paid-up 7.3% non-convertible redeemable preference (NCRP) shares of ₹100 each.

Additionally, in exchange 19,19,277 optionally convertible redeemable preference shares of ₹100 each, Kesoram’s shareholders will get 8,64,275 fully paid-up 7.3% NCRP shares of ₹100 each.

Share Price Movement

As of March 12, 2025, UltraTech Cement share price opened at ₹10,480 and reached an all-day high of ₹10,549.80. It also recorded an all-day low of 10,362.00.

Conclusion

Despite ongoing business expansion plans, Kumar Mangalam Birla has stated the company will continue to focus on its core business. In FY 2025-26, the company is expected to set a record of producing over 175 metric tons of cement. This can potentially make it the world’s largest cement company. 

Overall, the company is poised to reap benefits from the demerger and enhance its scale in Gujarat. Backed by strong financial fundamentals, this will play a crucial role in enhancing India’s export potential and international competitiveness. 

 

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.

Are Fixed Deposits Safe? Concerns Grow Amidst IndusInd Bank Saga

As multiple cases of financial irregularities are coming to light, RBI is strengthening its restrictions on banking companies. With the earlier discovery of irregularities in Maharashtra Cooperative Bank, and now IndusInd Bank, depositors are questioning whether fixed deposits remain a safe investment option. The question is- should you still invest in FDs? 

Choosing the Right Bank Amid Rising Concerns Over IndusInd Bank’s Financial Health

Fixed deposits are considered to be a safe investment instrument since they offer guaranteed returns, capital appreciation, and regulatory protection from the RBI. They are preferred due to 2 main reasons: 

  1. Fixed deposits remain unaffected by market corrections and offer a pre-determined return. Hence, they are suited for risk-averse investors. 
  2. FDs are comparatively more liquid than other stock market instruments. Though banks may charge a nominal fee for premature withdrawal, your money can still be withdrawn at any time. 

IndusInd Bank has reported that unrealised portfolio discrepancies can affect post-tax profits by 2.35%. This has caused panic among depositors. In September 2024, the bank’s non-performing assets surged from 1.92% to 2.24%. Moreover, its profits and capital adequacy ratios have been declining steadily. Thus, it is crucial to choose the right bank for your FDs. 

Distressing Events of the Past

In 2019, when RBI unearthed financial irregularities in the Maharashtra Co-Operative Bank, it imposed a withdrawal limit of ₹1000 on depositors. This caused significant disruption and panic among FD holders. By choosing a bank with strong fundamentals and a transparent government structure, you can ensure the long-term safety of your investments. 

Government Plans to Raise Bank Deposit Insurance Cover

Several news reports report that the Indian government is planning to double the insurance cover on all bank deposits from ₹5,00,000. If implemented, it can substantially strengthen depositor’s confidence in the banking industry. This includes vulnerable people such as senior citizens. 

However, this may also lead to a marginal increase in premiums charged by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Conclusion

Despite concerns over regulatory failures in financial institutions like Maharashtra Cooperative Bank and IndusInd, FDs largely remain a safe investment instrument. However, choosing the right bank with strong financial fundamentals is crucial. The government’s plan to increase deposit insurance coverage can further enhance depositor’s confidence and offer enhanced protection.

 

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 12, 2025: IndusInd Bank and Kotak Bank Gainers

On March 12, 2025, as of 1.30 PM, the Nifty 50 was down 0.28% at 22,435.60, while the BSE Sensex was down 0.23% at 73,930.28. 

Here are the mid-day top gainers and losers as of 12:53 PM on March 12:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
INDUSINDBK 630 694.7 606 683.9 4.26
KOTAKBANK 1,940.00 1,997.70 1,938.00 1982.45 2.44
TATAMOTORS 654.5 671.9 652.25 660.6 1.94
HDFCBANK 1,691.55 1,716.10 1,691.55 1711.55 1.55
SUNPHARMA 1,662.00 1,674.85 1,658.05 1671.05 0.95

IndusInd Bank 

IndusInd Bank opened at ₹630, reached a high of ₹694.7, a low of ₹606, and closed at ₹683.9, reflecting a 4.26% increase.

Kotak Bank

Kotak Mahindra Bank opened at ₹1,940.00, hit a high of ₹1,997.70, a low of ₹1,938.00, and closed at ₹1,982.45, up by 2.44%.

Tata Motors

Tata Motors started at ₹654.5, reached a high of ₹671.9, a low of ₹652.25, and ended at ₹660.6, showing a 1.94% increase.

HDFC Bank

HDFC Bank opened at ₹1,691.55, peaked at ₹1,716.10, a low of ₹1,691.55, and closed at ₹1,711.55, up by 1.55%.

Sun Pharmaceuticals

Sun Pharma opened at ₹1,662.00, touched a high of ₹1,674.85, a low of ₹1,658.05, and closed at ₹1,671.05, reflecting a 0.95% increase.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
INFY 1,636.90 1,636.90 1,563.80 1569 -5.57
WIPRO 277.7 277.7 262.2 263.65 -5.08
TECHM 1,481.00 1,489.00 1,408.80 1420.5 -3.97
HCLTECH 1,556.00 1,565.00 1,507.10 1523.55 -2.83
AXISBANK 1,025.20 1,029.80 999.2 1001.05 -2.4

Infosys

The stock opened at ₹1,636.90, reached a high of ₹1,636.90, a low of ₹1,563.80, and closed at ₹1,569, reflecting a 5.57% decline. 

Wipro

Wipro opened at ₹277.70, peaked at ₹277.70, dropped to ₹262.20, and closed at ₹263.65, showing a 5.08% decrease.

Tech Mahindra

Tech Mahindra started at ₹1,481.00, hit a high of ₹1,489.00, a low of ₹1,408.80, and ended at ₹1,420.50, down by 3.97%.

HCL Tech

HCL Technologies opened at ₹1,556.00, reached a high of ₹1,565.00, a low of ₹1,507.10, and closed at ₹1,523.55, down 2.83%.

Axis Bank

Axis Bank opened at ₹1,025.20, peaked at ₹1,029.80, dropped to ₹999.20, and closed at ₹1,001.05, showing a 2.4% decline.

 

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.

 

Adani Group to Revive US Investment Plans Following Suspension of FCPA Enforcement

News reports suggest that The Adani Group will revive its US investment plans after President Donald Trump has suspended the enforcement of the Foreign Corrupt Practices Act (FCPA). 

The ports-to-energy conglomerate had earlier pledged US$10 billion to numerous American infrastructure projects. 

However, it put its plans when the US Department of Justice (DOJ) indicted its founder Gautam Adani, and several associates of committing bribery. Based on industry reports, the recent Indian stock market crash caused a 20% decline in Gautam Adani’s net worth. This has further exacerbated challenges for the company. 

Legal challenges That Hindered the Group’s US Expansion

The court alleged that during 2020-2024, Adani and his co-defendants paid $265 million worth of bribes to several Indian government officials. His alleged objective was to secure important solar energy projects with a profit potential of over US$2 billion. The American authorities had also accused the Adani Group of misleading American investors by not disclosing these practices. 

The allegations forced Adani Green Energy to withdraw its projects from countries like Kenya. Thus, this news had wider repercussions for the company in foreign markets as well. TotalEnergies, a key investor, also paused new investments in the company.

This legal scrutiny had compounded the company’s challenges arising from the Hindenburg Research report. It had accused The Adani Group of corporate fraud and stock manipulation. This had severely impacted the company’s overall market valuation.  

India’s Solar Power Industry is Severely Challenged 

As per the International Energy Agency, India’s electricity demand is expected to grow at a rate of 6% annually in the coming years. By subsidising local manufacturers and restricting Chinese imports, the government increased its solar power production capacity by 6x during 2021-23. However, the growth of India’s solar power industry seems to be slowing down. 

The Indian government established the Solar Energy Corporation of India in 2011. Its objective was to enable state utility companies to manage their financial woes better. Howvever, American authorities allege that the SECI awarded 12GW solar energy project to the Adani Group after receiving a hefty bribe. 

Currently, solar power installation in India is 11GW. The country had aimed to create 40 GW by 2022. This puts it far behind countries like Australia and Brazil. 

About Adani Green Energy 

Adani Green Energy is India’s biggest renewable energy company. It is developing one of the globe’s largest clean energy projects in Gujarat’s salt deserts. Once completed, they will produce nearly 30 GW of electricity, thereby powering around 18 million homes.

AGEL aims to produce 50 GW of renewable energy by 2030. Currently, its projects are ongoing across 12 Indian states, with a total power generation capacity of 11.6 GW. Some of its popular projects include:

  1. Rewa Ultra Mega Solar Park (750 MW)
  2. Kamuthi Solar Power Project (648 MW)
  3. Pavagada Solar Park (2050 MW)

Conclusion

As the US government has frozen FCPA enforcement, The Adani Group is expected to revive its investments in the American economy. This is expected to have a favourable impact on its ongoing projects in countries like Sri Lanka and Kenya. As the company renews its projects in India, the solar industry is expected to revive itself and record sustained growth in the coming years. 

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.

 

VC Funding in India Jumps to US$13.7 Billion in 2024

The landscape of India’s venture capital funding witnessed a strong resurgence in 2024. In defiance of global trends, the country received US$13.7 billion. This was a growth of 1.4x from US$9.6 billion in 2023. While megadeals worth over US$100 million witnessed a small decline in average size, India saw the emergence of 5 new unicorns in 2024. 

The revival was mainly fueled by the growth of the number of deals and their average size. 

A Surge in Small- and Medium-Ticket Deals Leads to Higher Investments 

Small- and medium-ticket deals accounted for nearly 95% of all transactions in 2024. Notably, deals worth over $50 million roughly doubled, reflecting strong investor appetite for good-quality assets. Zepto, Lenskart, Meesho, and other companies also attracted significant investments. The total number of deals thus recorded a y-o-y growth of 45%, reaching 1,270 from 880. 

Strong Growth in Transactions and Rising Investor Confidence Witnessed in 2024

The total number of transactions jumped by 45%, from 880 in 2023 to 1,270 in 2024, with small- and medium-ticket deals constituting the vast majority (95%). Notably, deals exceeding $50 million roughly doubled, and returned to pre-pandemic levels, reflecting a strong appetite for high-quality assets. Companies like Lenskart, Zepto, and Meesho attracted significant investments. While megadeals ($100 million and above) saw a slight decrease in average size, the number of newly minted unicorns rose to five, signaling a healthy startup ecosystem.  

Consumer Technology and Other Emerging Sectors Drive Surge in Investments

In 2024, consumer technology attracted investments worth US$5.4 billion (up 2.3x from 2023). Over 60% of overall VC investments were targeted at industries like e-commerce, edtech, gaming, and travel tech. Based on industry reports, quick commerce also recorded explosive growth, and investments in Generative AI also surged by 1.5x year-on-year. 

Moreover, traditional economic industries like insurance, banking, consumer retail, and financial services also recorded substantial growth. The Indian fintech sector embraced digital-first solutions and diversified its product portfolio. This has improved the overall economic outlook. 

Fundraising Decline Signals A Shift Towards New Opportunities for Investment 

Despite the positive momentum, fundraising activity reached its lowest level since 2020 by recording a 35% decline. However, upcoming maiden funds suggest that investors are diverisfying their portfolios by focusing on areas like semiconductors, deep tech, and climate tech.  

Conclusion

India is likely to witness a surge in growth-stage investments in 2023. Venture capitalists are expected to focus on sectors such as artificial intelligence and energy transition. With strong macroeconomic fundamentals and a vibrant startup ecosystem, the country is expected to remain the second-largest destination for venture capitalists in the Asia-Pacific region.

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.

Hitachi Energy Share Price in Focus as It Launches QIP at a Floor Price of ₹12,112.5

Hitachi Energy India shares declined by 3.3% on the BSE on Tuesday, March 11, 2025. The southward stock price movement came after it launched its QIP (qualified institutional placement). The company set ₹12,112.5 as the floor price for its QIP, which translated into a discount of over 4% on ₹12,715.35, the previous day’s close. 

Around 14.25 PM, Hitachi Energy share price was down 3.97% at ₹12,227.40 per share on BSE. The 52-week low of the stock was ₹6,267.2 apiece and the 52-week high was at ₹16,534.5 apiece. As stated previously in January 2025, the company is raising around ₹4,200 crore through QIP. 

What Is a QIP?

A QIP is a method to raise fresh capital. Under this, fresh equity shares are directly issued to qualified institutional investors including insurance companies and mutual funds. The process bypasses public stock exchanges, thereby allowing swift fundraising. 

While the QIP will provide funds for Hitachi’s expansion plans, the discounted floor price of ₹12,112.5 has created immediate selling pressure among investors. Since investors believe QIPs dilute shareholder value, short-term price adjustments followed this corporate event. 

Impact of Large QIPs on Market Sentiment and Hitachi’s Stock Price Dynamics 

Large QIPs can potentially impact price dynamics by temporarily increasing share supply. This can contribute to market jitters. However, depending on how Hitachi utilises the raised capital, the company can control its long-term stock performance. The 3.3% decline reflects immediate stock price adjustment as market participants absorb the news.

Conclusion

The decline witnessed in Hitachi share price is a short-term reaction to the company’s decision to raise a large capital and the discounted QIP pricing. While the current investors’ sentiment is negative, how Hitachi energy utilises its fresh capital will determine long-term value creation for the shareholders. 

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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.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Schaeffler India Sets April 23, 2025 as Record Date for Dividend Payout: Details Here

As per a stock exchange filing, Schaeffler India announced on Wednesday, April 23, 2025, as the record date for dividend payment to its shareholders. Post-approval from the Board of Directors, the company shall pay a dividend of ₹28 per share after 30 days from the date of the Annual General Meeting. 

Investors planning to acquire dividend stocks must note record dates while executing their trades. Typically, on the record date, the company finalises the names of shareholders eligible for dividend payment. 

Dividend Payout History of Schaeffler India

In 2023, Schaeffler India underwent a stock split (5:1) and only issued a dividend of ₹16 apiece. However, in FY 2024-25, its expected dividend payout ratio is 45%, which is the third-highest in its history. In FY 2021-22 and FY 2022-23, the company had distributed ₹38 apiece and ₹35 apiece as dividends to its shareholders.  

Schaeffler India’s Financial Performance in Q4 of FY 2024-25

The company’s net revenue from operations recorded a YoY growth of 12.2%, amounting to ₹20,823 million. Its profit before tax (PBT) and exceptional items also recorded a YoY growth of 12.7%, amounting to ₹3,387 million. Its PBT margin also grew by 16.2% YoY and recorded a QoQ growth of 16.1%. The company earned net profits worth ₹2,493 million. 

Schaeffler India’s Financial Performance in FY 2024-25

Total revenue from operations recorded a YoY growth of 11.8% and amounted to ₹80,763 million.  PBT margin for the year stood at 16.3%, which was a decline from 17.0% in FY 2023-24. While PBT (before adjusting exceptional items) surged by 7.3% YoY to reach 13,175 million, net profit margin declined to 12.1% from 12.6% last year. 

In 2024, the company earned net profits worth ₹9,777 million. 

Conclusion

The announcement of dividend payout has become a positive news for the company’s shareholders. If you want to earn cash rewards in the form of dividends, make sure to acquire the equity shares of Schaeffler before April 23, 2025. 

Schaeffler India share price opened at ₹3,267.30 on Tuesday morning at 9.15 AM and closed at ₹3237.55 at 3.30 PM. It recorded an intraday decline of 1.26%. 

 

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.

Serentica Renewables Secures 315 MW Energy Supply Deal with Hindustan Zinc

Serentica Renewables and Hindustan Zinc have signed a power delivery agreement (PDA), based on a recent stock exchange filing. Under the partnership, Serentica Renewables will increase its clean energy supply to Hindustan Zinc from 450MW to 530MW. Consequently, the share of clean energy in Zinc’s electricity consumption will grow to 70%. 

Shift to Time Block-Based Energy Solutions

This landmark agreement highlights an underlying shift in industrial power procurement strategies. Companies are moving towards Time Block-Based energy solutions and away from traditional round-the-clock (RTC) models. 

Under this agreement, Serentica Renewables will ensure 315 MW of uninterrupted energy supply to Hindustan Zinc through every 15-minute time block. By 2027, it will operationalise new wind, solar, and energy storage projects across high-resource locations across India. This will ensure seamless and reliable power supply for Hindustan Zinc. 

About Hindustan Zinc 

Hindustan Zinc is a part of the Vedanta Group and is renowned as the world’s third-largest silver-producing company. The company exports its products to 40+ countries and commands a market share of over 75% in primary zinc demand. It is also the world’s second-largest integrated zinc-producing company. 

In 2024, it was identified as one of the world’s most sustainable companies in the metals and mining industry. By enhancing its operational efficiencies, it has reduced its GHG emissions by 14% already. It aims to achieve net zero carbon emissions by 2050. This agreement is expected to further its ambitions of becoming a carbon-neutral company. 

Hindustan Zinc Financial Performance in FY 2023-24

As of 1.37 PM on March 11, Hindustan Zinc share price was trading at ₹425.55, which is a 0.21% decline from the previous close. Based on the company’s annual reports, its total output of mined zinc, mined lead, and refined zinc grew year-on-year. However, its revenue from operations declined from ₹34,098 crore to ₹28,932 crore in FY 2023-24. 

Conclusion

The signing of a unique PDA between Hindustan Zinc and Serentica Renewables marks a major shift toward the adoption of Time Block-Based energy solutions. This initiative aligns with Hindustan Zinc’s overarching sustainability goals by driving its use of clean energy and making it a net-zero carbon emitter by 2050.

Based on strong business fundamentals, the company is expected to bolster its reliance on clean energy sources for driving sustainable economic growth in the future. By adopting eco-friendly measures, it can improve its credentials as a green company and drive market expansion in the long-run. 

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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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.