This week on Dalal Street is packed with shareholder-centric events, including dividends, stock splits, and bonus share issuances. Several major companies, such as TVS Motor Company have planned key corporate actions.

Dividend Announcements

This week, several prominent companies will trade ex-dividend, which means their share prices will adjust to exclude the value of the declared dividend payouts. Here are the details:

Apart from these companies, other companies like Kama Holdings Ltd will also distribute their interim dividends soon. The ex-date and the record date for its interim dividends is 28-Mar-2025.

Bonus Issues

A bonus issue is a corporate action where companies distribute additional shares to their existing shareholders at no additional cost.

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.

 

On March 20, 2025, as of 12:24 PM, the BSE Sensex was up 0.87% at 77,008.58, while the Nifty 50 was up 0.81% at 23,378.50. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

AION-TECH SOLUTIONS LIMITED

Opening at ₹48, GOLDTECH shares surged, reaching a near 20% increase, indicating significant upward momentum.

Tejas Networks Limited 

Opening at ₹714.2, TEJASNET shares experienced a substantial rise, showing over a 15% gain with a strong intraday high.

Aro Granite Industries Limited

Opening at ₹35.99, AROGRANITE shares demonstrated a solid climb, gaining over 13% with a notable intraday peak.

Sanginita Chemicals Limited 

Opening at ₹13.6, SANGINITA shares showed a significant positive movement, with gains of over 13% despite some volatility.

Arman Financial Services Limited 

Opening at ₹1,317.70, ARMANFIN shares saw a strong increase, rising over 13% and achieving a considerable intraday high.

Mid-Day Top Losers

Salona Cotspin Limited

Opening at ₹258.99, SALONA shares experienced a significant decline, falling by 7.53%.

Greenlam Industries Limited 

Opening at ₹277.05, GREENLAM shares saw a notable drop, decreasing by 5.82%.

Vibhor Steel Tubes Limited 

Opening at ₹189.98, VSTL shares faced a decline, falling by 5.13%.

AGS Transact Technologies Limited 

Opening at ₹10.7, AGSTRA shares declined, falling by 5.06%.

Parsvnath Developers Limited 

Opening at ₹20.38, PARSVNATH shares showed a decrease, dropping by 5.04%.

 

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.

83.8% of public institutional shareholders voted for ICICI Securities delisting. 67.8% of public non-institutional shareholders voted against the proposal. However, institutional investors pushed through the proposal.

ICICI Securities Shareholding Pattern

Let’s break down the ICICI Securities shareholding pattern. Public institutional investors owned nearly 70% of ICICI Securities’ shares. This is significantly less than shares of others. For instance, foreign and domestic institutional investors only owned 16.68%. Non-institutional public shareholders merely owned 8.55%.

This data belongs to Q3 of FY 2023-24.

Proxy Advisory Firm’s Support for ICICI Securities Delisting

Numerous proxy advisory firms support this delisting. This includes ISS and Institutional Investor Advisory Services (IiAS). Stakeholder Empowerment Services (SES) and InGovern Research Services also voted in favour of the decision.

ICICI Securities Ownership Structure

As of December 31, 2023, ICICI Bank held a 74.77% stake in ICICI Securities. The remaining 25.23% was publicly-held.

Stock Market Reaction

As of 11.43 AM, the ICICI Securities share price is up by 1.34%. It was trading at ₹893.10. The share price opened at ₹884.00. The previous close was ₹881.25.

As of 11.45 AM, the ICICI Bank share price is up by 1.15%. It was trading at ₹1,336.95. The share price opened at ₹1,316.00. The previous close was ₹1,309.85.

Details of ICICI Securities Merger

After the ICICI Securities delisting, it will become a wholly-owned subsidiary of the ICICI Bank. ICICI Securities’ shareholders holding 100 shares will receive 67 shares in exchange from the ICICI Bank. The swap ratio has been fixed at 67:100. The plans were initially announced on June 25, 2023.

Rationale for ICICI Securities Delisting

The delisting would allow ICICI Securities to enhance its customer focus. It would lead to improvements in synergy. This would make its operations more seamless.

Conclusion

ICICI Securities’ delisting has been finalised after the approval of institutional investors. Retail investors had resisted initially. But the NCLAT has overruled their petition. The merger will create a wholly-owned subsidiary. This will enhance the companies’ synergies and focus on customer satisfaction.

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.

Hindustan Construction Company (HCC) and Tata Projects (TPL) secured a construction contract on Thursday, March 20, 2025. The JV will build a pumped storage project worth ₹2,470 crore in Maharashtra. The offer was made by Tata Power Company.

As of 10.22 AM, Tata Power share price was up 1.65%. It was trading at ₹376.45.

PSP Contract Details 

As per the stock exchange filing, the JV will construct an Off-Stream OpenLoop Pumped Storage Project (PSP). It will have an annual capacity of 1000 MW. The capacity will be split between 2×333 MW and 2×167 MW. The project will be based in Bhimpur (Karjat, Maharashtra).

Scope of Work

The JV will construct dams and reservoirs under the project. It will also create tunnels to ensure seamless water flow. They will build a powerhouse for electricity production. They will also build supporting structures and roads. They will install screens and gates for controlling excessive water flow. They will also coordinate the entire electrical and mechanical work jointly.

HCC’s Experience with Hydroelectric Projects

HCC has successfully developed nearly 26% of India’s hydropower capacity. It is currently executing 5 different hydroelectric power projects. This includes the construction of a 1000 MW Tehri Pumped Storage System in Uttarakhand.

HCC Share Performance

HCC share prices were down 2.23% on Thursday, March 20. They closed at ₹24.60 apiece, which was a decrease of 0.56 points. This is compared to the previous close of ₹25.16 per share.

HCC share price has delivered gains worth 426.77% over the past 5 years. The stock price has corrected by 43.46% year-to-date. During the past 6 months, it has declined 42.95%. The company’s market capitalisation is ₹4,997 crore as of 10.17 AM.

Project Significance for JV

The contract is a significant win for Tata Projects and HCC. It reinforces their capacity and strength to lead India’s hydropower sector. The project will enhance Maharashtra’s existing energy storage capacity.

Conclusion

The JV’s ₹2,470 crore order from Tata Power Company will strengthen its position in India’s hydropower sector. It will also enhance India’s energy storage infrastructure, thereby accelerating the nationwide shift towards renewable energy.

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 securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).

On March 21, equity shares of ICICI Securities will be suspended from trading after market hours. This follows news of its merger with ICICI Bank. Here we explain the details of the swap ratio for you.

The ICICI Securities Swap Ratio Explained

ICICI Bank will offer shares to ICICI Securities’ shareholders. The swap ratio is fixed at 67:100. This implies that for every individual holding 100 shares of ICICI Securities, ICICI Bank will provide 67 shares.

Stating simply, if you hold ICICI Securities shares, you will instead receive ICICI Bank’s shares.

As of 3.30 PM on March 20, ICICI Bank share price was up 0.42% and closed at ₹1,318.55.

The record date is March 24, 2025, for this conversion. Those holding ICICI Securities’ shares on or before this date will be eligible to receive shares from ICICI Bank.

Shareholder Votes and Regulatory Approval 

Shareholders have already approved the delisting. As per news reports, 93.82% of the company’s private shareholders voted in favour. Besides, 71.88% of all its public shareholders also voted in favour of this decision.

However, some minority shareholders opposed this delisting. They claimed that the process was designed to favour the ICICI Bank. When this matter was placed before the NCLAT, the petition was dismissed. The tribunal approved the delisting and allowed the company to proceed.

Current Stock Market Performance

As of March 20, 2025, at 3.30 PM, ICICI Securities share price up 1.00% and closed at ₹885.80. Over the past 6 months, the ICICI Securities share price had declined by nearly 1.25%. But a broader view suggests that the stock price surged by 21.95% this year.

The company’s market capitalisation was ₹28,790 crore at 3.30 PM. The stock has surged by nearly 25% from June 2024, when it hit a 52-week low.

Conclusion

The ICICI Securities delisting and swap ratio are now clear. The 67:100 ratio means for every 100 shares, you will receive 67 ICICI Bank shares. The March 24th record date is crucial for eligibility. Make sure to understand the details, so as to avoid any confusion.   This will help you in making smarter investment decisions.

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.

The Adani Group is nationally renowned for its energy and infrastructure business. However, it also owns many popular brands that people are not aware of. Here we list some of the most popular brands belonging to the company:

Ambuja Cements and ACC

In 2022, the Adani Group acquired Ambuja Cements and ACC for nearly US$10.5 billion. This made it India’s biggest M&A deal ever made in the domestic building materials industry. ACC had an annual production capacity of 34.45 million tons. Ambuja Cements also had an annual production capacity of nearly 31 million tons.

As of 3.30 PM, Ambuja cement share price closed at ₹504.60 on the NSE. ACC share price , down 0.66%, and closed at ₹1,887.50.

NDTV: A Media Giant

In December 2022, the Adani Group acquired a 64.71% stake in NDTV. The latter owned 3 TV news channels: NDTV 24×7, NDTV Profit, and NDTV India. The deal was completed through its subsidiary AMG Media Networks Limited.

Adani Wilmar: Food and FMCG

The Adani Group also owns Adani Wilmar. This was formed in 1999 as a 50:50 joint venture between Wilmar International and Adani Enterprises. It is renowned as India’s biggest edible oil brand with a 20% market share. Adani Wilmar is also responsible for producing packaged foods, and other household staples.

Mumbai International Airport (MIAL)

In 2021, the Adani Group acquired a 74% controlling stake in MIAL. It is now India’s second busiest airport. It handles 40 million+ passengers annually. The Group also holds a stake in several other other Indian airports.

Adani Electricity Mumbai Limited (AEML)

Adani Electricity Mumbai serves 3 million+ customers in Mumbai. Its distribution network spans over 400 square kilometers. It annually supplies over 10,000 million units of electricity.

Adani Ports and Special Economic Zone Limited (APSEZ)

APSEZ is India’s biggest private port operator. It operates nearly 13 ports and terminals across the country. These ports are responsible for handling around 24% of India’s total volume of cargo. Mundra Port is a flagship port developed by APSEZ. It is renowned as India’s biggest private commercial port.

Adani Green Energy Limited (AGEL)

AGEL is India’s biggest renewable power company. By 2030, it aims to achieve 45 GW of renewable energy capacity.

Adani Enterprises Limited (AEL)

AEL operates in multiple sectors. This includes mining, airports, roads, and data centers. It is an incubator for the Group’s new business activities. AdaniConneX, which is its joint venture with EdgeConneX, is involved in establishing data centers across the country.

Conclusion

The Adani Group’s portfolio is extremely diverse. It extends beyond the company’s core infrastructure businesses. It includes a wide range of well-known brands across different industries. The scale and scope of the Group’s business acquisitions highlight its rapid growth.

Don’t forget to read on about the popular brands of Reliance Industries.

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.

Raymond share price surged by over 4% on Thursday. This followed news of the resignation of Nawaz Modi Singhania (Non-Executive Director) on Wednesday.

Raymond Share Price Performance

Raymond share price surged by 4.43% during the day. It reached ₹1,479.1 per share, thereby recording its highest level from February 11, 2025. The stock pared some gains later in the day. It traded 0.77% higher at around ₹1,427.3 apiece.

The Nifty 50 rose by 0.36% as of 10:10 AM. The stock price increased by 16% on March 18, driven by high trading volumes. The rally reached 20% in 4 trading sessions. The company’s shares have witnessed a 16% decline this year. The Nifty 50 has declined by 2.7%. Raymond has a market capitalisation of ₹9,428.17 crore, as per the BSE.

Raymond’s Share Price Surges After Director’s Resignation

In a letter disclosed to the exchanges, Nawaz Singhania resigned from his position due to personal reasons.

Raymond Group Overview

Raymond Group was formed in 1925. It is a respectable pioneer of fabric manufacturing. After its demerger in 2024, it has expanded its business activity. This includes engineering and real estate.

Impact of Q3 Financial Results on Raymond Share Price

The company witnessed a 61% y-o-y fall in net profits. Its net profit was roughly ₹72.3 crore. In Q3 of FY 2023-24, the company earned ₹185.4 crore in net profits. The lower figures are a result of the demerger of the lifestyle business from others.

The company’s revenue from operations also increased by 40.6% year-on-year. It amounted to ₹953.9 crore, which was primarily driven by the growth of the real estate segment.

Market Impact

The stock market has reacted positively to Raymond’s director’s resignation. This is clear from the surge in Raymond share price. Hence, the company is going to focus on core businesses to drive business growth. This includes real estate.

Conclusion

The rise in Raymond share price indicates positive market sentiment after the director’s resignation. News reports suggest that the company will now focus on the engineering and real estate industry. Despite recording a reduction in net profits, sustained revenue growth indicates positive business performance.

As of 11.32 AM, Raymond share price was up 0.12% at ₹1414.65 on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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