Shares That Hit Circuit Limits On March 12, 2025, E2E Networks, Sepc Ltd and More

On March 12, 2025, BSE Sensex closed 0.10% lower at 74,029.76, while Nifty50 fell 0.12% to 22,470.50. Amidst the market volatility, stocks like Carysil Ltd, Sepc Ltd, and Axiscades Technologies hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 12, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Sepc Ltd 15.36 20 20 566.13 82.94
Carysil Ltd 605.9 19.99 20 12.88 74.55
OCCL Ltd 90.5 16.56 20 26.35 23.45
E2E Networks 1,811.65 4.04 5 0.85 15.03
Kitex Garments 166.5 4.8 5 4.04 6.56

Stocks That Hit Lower Circuit on March 12, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
International Gemmological Ins India 295.45 -0.47 5 26.28 76.71
Diamond Power Infrastructure 89.1 -3.3 5 20.63 18.08
Axiscades Technologies 854 -4.25 5 1.32 11.57
Zinka Logistics Solutions 410.25 -1.91 5 2.25 9.11
Jai Corp 92.96 -5.01 5 9.35 8.85

Overview of Companies Hitting Circuits Today

  • Jai Corp

On March 12, 2025, Jai Corp share price ended 5% lower at ₹92.96. Jai Corp share price reached a 52-week high of ₹438, and a 52-week low of ₹90.49.

  • Sepc Ltd

On March 12, 2025, Sepc Ltd share price ended 20% higher at ₹15.36. Sepc Ltd’s share price reached a 52-week high of ₹33.50, and a 52-week low of ₹12.03.

  • E2E Networks

On March 12, 2025, E2E Networks share price ended 4.04% higher at ₹1,811.65. E2E Networks’s share price reached a 52-week high of ₹5,487.65, and a 52-week low of ₹780.35.

  • Carysil Ltd

On March 12, 2025, Carysil Ltd share price ended 19.99% higher at ₹605.90. Carysil Ltd’s share price reached a 52-week high of ₹1,036, and a 52-week low of ₹486.65.

  • Axiscades Technologies

On March 12, 2025, Axiscades Technologies share price ended 4.25% lower at ₹854. Axiscades Technologies’s share price reached a 52-week high of ₹899.20, and a 52-week low of ₹421.05.

 

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.

TVS Motor Stake in IFQM Drops to 18.18% After New Share Allotment

TVS Motor Company Ltd announced on Tuesday that its shareholding in the Indian Foundation for Quality Management (IFQM) has declined to 18.18% following a fresh allotment of shares to other investors.

Stake Falls Below Associate Company Threshold

In a regulatory filing, TVS Motor stated, “We wish to intimate that Indian Foundation for Quality Management (IFQM) has informed that the shareholding of the company in IFQM has been reduced to 18.18% upon further allotment of shares by them to other investors.”

With its stake dropping below 20%, IFQM no longer qualifies as an associate company of TVS Motor under the Companies Act, 2013. However, the company did not disclose details about the new investors or the extent of additional shares issued.

About IFQM and Its Mission

IFQM is an organisation dedicated to promoting quality values, principles, and best practices across various sectors in India. The foundation aims to empower Indian businesses to enhance management standards and integrate quality-driven strategies into their operations.

Industry Leaders on IFQM’s Board

TVS Motor Chairman Emeritus Venu Srinivasan, who also serves as Chairman of IFQM, leads a distinguished board comprising top industry executives. Key members include N Chandrasekaran, Chairman of Tata Sons; Dilip Shanghvi, Managing Director of Sun Pharma; and Soumitra Bhattacharya, CEO of IFQM. Their leadership is expected to drive IFQM’s mission of promoting quality management across diverse sectors.

In addition to the board, IFQM’s governing council features several prominent industry leaders. Members include Kiran Mazumdar Shaw, Executive Chairperson of Biocon; Baba Kalyani, Chairman & MD of Bharat Forge; TV Narendran, CEO & MD of Tata Steel; Vivek Chaand Sehgal, Chairman of Samvardhana Motherson; Salil Gupte, President of Boeing India; and KN Radhakrishnan, Director & CEO of TVS Motor.

Strategic Implications for TVS Motor

While TVS Motor’s reduced stake means IFQM is no longer classified as its associate, the company continues to be involved in the organisation through the leadership of Venu Srinivasan. IFQM’s mission to improve quality standards across Indian industries aligns with TVS Motor’s commitment to excellence.

Stocks Performance

On March 12, 2025, TVS Motors share price traded 1.33% lower at ₹2,260 at 1:24 PM (IST). TVS Motors’ share price reached a 52-week high of ₹2,958.15, and a 52-week low of ₹1,873.05. As per BSE, the total traded volume for the stock stood at 5,718 shares with a turnover of ₹1.29 crores.

At the current price, TVS Motors shares are trading at a price-to-earnings (P/E) ratio of 45.80x, based on its trailing 12-month earnings per share (EPS) of ₹49.34, and a price-to-book (P/B) ratio of 12.09, according to exchange data.

 

 

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.

HDFC Securities Settles Regulatory Non-Compliance Case with SEBI for ₹65 Lakh

Domestic brokerage firm HDFC Securities has settled a case with market regulator SEBI over alleged non-compliance with regulatory norms by paying a settlement amount of ₹65 lakh. The settlement was reached through a regulatory order issued on Tuesday (March 11).

Settlement Without Admission of Guilt

The order followed an application filed by HDFC Securities with SEBI, seeking to resolve the alleged violations “without admitting or denying the findings of facts and conclusions of law.”

In its settlement order, SEBI stated, “The instant adjudication proceedings initiated against the notice viz., HDFC Securities Ltd, vide SCN (show cause notice)…dated August 8, 2024, are hereby disposed of.”

Alleged Regulatory Lapses

According to the show cause notice issued to HDFC Securities, the alleged violations primarily pertained to inadequate IT and cybersecurity compliance measures, including:

1. Failure to Generate Alerts for Critical Asset Utilisation:

SEBI mandates that alerts must be generated when the capacity utilisation of critical assets exceeds 70%.

 However, HDFC Securities’ IT policies did not include this requirement. Instead, the brokerage had set alert thresholds at 80% for the Meap application and 75% for CPU & memory utilisation, both of which exceeded the prescribed 70% limit set by the regulator.

2. Non-Implementation of LAMA System for Servers:

HDFC Securities had allegedly not implemented the LAMA system for 47 out of 52 servers during the inspection period. 

LAMA is a critical system that enables the provisioning of application servers, ensuring operational efficiency and security. The lack of implementation raised concerns about the broker’s adherence to regulatory and security standards.

3. Failure to Conduct Disaster Recovery Drills:

SEBI mandates brokers to conduct disaster recovery drills for a full trading day every quarter to ensure resilience against cyber threats and operational disruptions. 

However, HDFC Securities allegedly failed to conduct these mandatory drills during the inspection period, raising concerns about its preparedness for potential system failures and security incidents.

4. Deficiencies in Cybersecurity & Cyber Resilience Policy:

HDFC Securities’ cybersecurity policy allegedly lacked a defined frequency for conducting periodic cybersecurity and information security awareness training for employees. 

Additionally, the policy failed to categorise vendors as critical or non-critical, an essential measure for effective risk management and ensuring adequate security protocols for high-risk partnerships.

5. Inadequate Classification of Critical Assets:

SEBI mandates brokers to properly categorise all critical applications and servers to ensure robust cybersecurity measures. 

However, HDFC Securities allegedly failed to classify certain essential applications, including the active directory for employee logins and its internet-facing website, as critical assets during the inspection period, potentially exposing them to security risks.

Regulatory Closure of the Case

With the settlement amount of ₹65 lakh paid, the regulatory proceedings against HDFC Securities have been closed. While the settlement prevents further enforcement action in this specific case, SEBI’s order underscores the importance of stringent cybersecurity and IT compliance measures for financial entities.

The case highlights the growing focus on cybersecurity and regulatory compliance in India’s financial markets, with SEBI ensuring that market participants adhere to strict IT infrastructure and risk management standards to safeguard investors and trading operations.

Conclusion

The settlement of ₹65 lakh closes SEBI’s regulatory proceedings against HDFC Securities, highlighting the critical importance of stringent IT and cybersecurity compliance in financial markets. The case reinforces SEBI’s commitment to enforcing robust risk management standards, ensuring brokers maintain secure operations to safeguard investors and market integrity.

 

 

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.

India’s Coal Imports Drop 8.4% in April-December 2024 Amid Rising Domestic Output

India’s coal imports fell by 8.4% to 183.42 million tonnes (MT) during the April-December 2024 period, as increased domestic production helped meet rising demand.

This reduction in imports resulted in foreign exchange savings of approximately ₹42,315 crore ($5.43 billion), according to a statement from the Ministry of Coal.

In comparison, coal imports stood at 200.19 MT during the same period in the previous financial year, highlighting a notable decrease in reliance on imported coal.

Steepest Decline in Non-Power Sectors

The decline in coal imports was more pronounced in non-power sectors, which include industries such as cement, sponge iron, and steel. The non-regulated sector saw a sharper year-on-year drop of 12.01%.

Meanwhile, coal-based electricity generation grew by 3.53% during April-December 2024 compared to the same period last year.

However, imports for blending purposes in thermal power plants saw a steep decline of nearly 30%, indicating greater reliance on domestically mined coal for power generation.

Government Policies Drive Import Reduction

The Ministry of Coal attributed the decline in imports to policy measures focused on ramping up local coal production. Key initiatives that contributed to this trend include:

  • Commercial coal mining:

Expanding private participation in coal mining to increase supply.

  • Coal block auctions: 

Allocating more blocks to companies for production.

  • Mission Coking Coal: 

A government initiative aimed at reducing India’s dependence on imported coking coal. These efforts have led to a significant boost in domestic coal production.

Increase in Domestic Coal Production

As a result of these policy interventions, India’s total coal output rose by 6.11% during April-December 2024, compared to the same period in the previous fiscal year. The steady increase in local production is expected to further reduce coal imports in the coming months, enhancing energy security and reducing dependency on foreign coal.

Conclusion 

India’s coal import decline reflects the success of government policies aimed at boosting domestic production. With increased output and reduced reliance on foreign coal, the country enhances energy security while saving significant foreign exchange. Continued policy support and local mining expansion are expected to drive further reductions in coal imports.

 

 

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.

Poly Medicure Secures EU MDR Certification for 54 Medical Devices

Medical consumables company Poly Medicure Ltd announced on Tuesday (March 11) that it has received Medical Device Regulation (MDR) certification for 54 of its products.

The certification signifies compliance with the European Union’s strict safety, quality, and regulatory standards, reinforcing the company’s commitment to high-quality healthcare solutions.

Certified Devices Across Multiple Specialties

The 54 certified medical devices cater to a wide range of medical specialities, including:

  • Infusion Therapy
  • Vascular Access
  • Renal Care
  • Urology
  • Surgery & Wound Care
  • Transfusion Systems
  • Anaesthesia & Respiratory Care
  • Gastroenterology
  • Diagnostics

This regulatory approval strengthens Poly Medicure’s position in the global medical consumables market and paves the way for broader adoption of its products across European healthcare institutions.

Commitment to Safety and Quality

Commenting on the achievement, Rishi Baid, Joint Managing Director of Poly Medicure, stated:
“Polymed has been the largest exporter of consumable medical devices for over a decade now. The MDR certification demonstrates that our products not only meet but exceed the most stringent safety and quality standards. We are steadfast in our commitment to these principles, which are at the core of our growth and success.”

Boosting Presence in the European Market

With Europe already contributing 50% of Poly Medicure’s export revenue, this certification will further solidify the company’s standing in the European medical device market. Baid emphasized that the certification would enhance Poly Medicure’s reputation, ensuring greater market penetration and customer trust.

“This certification is a testament to our focus on quality, innovation, and customer satisfaction. It will further strengthen our presence and reputation in the European market,” Baid added.

Strategic Growth and Future Prospects

Securing MDR certification is a significant step forward for Poly Medicure as it looks to expand its footprint in global markets. The recognition not only opens doors to increased sales in Europe but also enhances the company’s credibility in other regulated markets, positioning it for sustained long-term growth.

Stock Performance 

On March 12, 2025, Poly Medicure share price traded 0.05% higher at ₹2,208.95 at 10:39 AM (IST). Poly Medicure’s share price reached a 52-week high of ₹3,350, and a 52-week low of ₹1,373.35. As per BSE, the total traded volume for the stock stood at 3687 shares with a turnover of ₹80.04 lakhs.

At the current price, Poly Medicure shares are trading at a price-to-earnings (P/E) ratio of 71x, based on its trailing 12-month earnings per share (EPS) of ₹31.11, and a price-to-book (P/B) ratio of 8.69, according to exchange data.

 

 

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.

Godrej Consumer Products Inaugurates ₹515 Crore Greenfield Plant in Tamil Nadu

Godrej Consumer Products Limited (GCPL) has inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district, on the outskirts of Chennai, with an investment of ₹515 crore.

The facility is expected to generate around 1,000 direct and indirect jobs, significantly contributing to local employment and economic development.

Godrej Consumers’ Largest Manufacturing Investment

Spanning 27 acres, the Chengalpattu plant marks GCPL’s largest single investment in manufacturing expansion. The facility will manufacture several of the company’s best-selling brands, including Cinthol, Godrej No.1, GoodKnight, Godrej Aer, and Godrej Expert Hair Colour. These products will cater to both domestic and export markets, strengthening GCPL’s production capacity and global reach.

Commitment to Sustainability and Inclusivity

During the inauguration, Nadir Godrej, Chairperson of Godrej Industries Group, emphasised the company’s commitment to innovation, sustainability, and inclusivity. “The Chengalpattu plant stands as a testament to Godrej Consumer Products’ unwavering commitment to shaping the future of manufacturing, where innovation, sustainability, and inclusivity seamlessly converge. This cutting-edge facility not only supports our mission to deliver high-quality products to consumers but also places a strong emphasis on the well-being and diversity of our workforce,” he stated.

Highlighting the plant’s inclusive employment policies, he added, “With 50% women and 5% representation from people with disabilities (PWD) and LGBTQIA+ communities, we are proud of our ongoing commitment to fostering an inclusive and equitable environment. At Godrej, we believe that the future of manufacturing lies in empowering people and protecting the planet, driving sustainable growth for all.”

A Transformational Shift in GCPL’s Manufacturing Capabilities

Sudhir Sitapati, Managing Director and CEO of Godrej Consumer hailed the plant as a milestone in the company’s manufacturing evolution. “The Chengalpattu plant represents a transformational shift in our manufacturing capabilities, serving as Godrej Consumer Products’ first fully integrated facility under one roof,” he said.

The facility will play a critical role in producing key brands, enhancing operational efficiency, and supporting GCPL’s long-term growth strategy. Sitapati further revealed that the factory is projected to generate ₹1,500 crore in turnover once all planned production lines become fully operational.

Strategic Partnership with Tamil Nadu Government

GCPL credited the Tamil Nadu government for its progressive and futuristic vision, which has enabled the successful establishment of this plant. “Beyond being just a manufacturing hub, this facility is set to be a key driver of innovation, productivity, and sustainability, positioning GCPL for continued growth and success in the future,” Sitapati added.

Stock Performance 

On March 12, 2025, Godrej Consumer Products share price traded 0.64% lower at ₹1,032 at 9:35 AM (IST). Godrej Consumer Products share price reached a 52-week high of ₹1,541.30, and a 52-week low of ₹979.75. As per BSE, the total traded volume for the stock stood at 1969 shares with a turnover of ₹20.34 lakhs.

At the current price, Godrej Consumer Products shares are trading at a price-to-earnings (P/E) ratio of 263.45x, based on its trailing 12-month earnings per share (EPS) of ₹3.92, and a price-to-book (P/B) ratio of 12.02, according to exchange data.

 

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.

Tamilnad Mercantile Bank Receives ₹58.91 Crore Tax Demand Notice from Income Tax Department

Private sector lender Tamilnad Mercantile Bank Ltd (TMB) announced on Tuesday, March 11, that it has received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department’s Assessment Unit for the assessment year 2017-18.

In a regulatory filing, the bank stated, “We wish to inform that the Bank has received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Assessment Unit, Income Tax Department for the regular assessment under Section 143(3), pertaining to A.Y. 2017-18.”

Tax Demand and Disallowances

The notice pertains to a tax demand of ₹58.91 crore, arising due to certain additions and disallowances made during the assessment under Section 143(3) of the Income Tax Act. The bank has indicated that it is preparing to challenge the order within the prescribed timelines.

Bank to Challenge the Order

Tamilnad Mercantile Bank has stated that it is in the process of contesting the demand through the appropriate legal forum. “The bank is in the process of challenging the said order in the appropriate forum against disallowances/additions made in the said order within the prescribed timelines,” the lender confirmed in its filing.

No Material Impact on Financials or Operations

Despite the tax demand, the bank has assured stakeholders that it does not foresee any material impact on its financials, operations, or overall business activities. “The Bank does not reasonably expect the aforesaid demand notice to have any material impact on its financials, operations, or other activities,” the statement added.

Stock Performance 

On March 12, 2025, Tamilnad Mercantile Bank share price traded 0.82% lower at ₹409.10 at 9:24 AM (IST). Tamilnad Mercantile Bank’s share price reached a 52-week high of ₹509.95, and a 52-week low of ₹403.35. As per BSE, the total traded volume for the stock stood at 4379 shares with a turnover of ₹17.93 lakhs.

At the current price, Tamilnad Mercantile Bank shares are trading at a price-to-earnings (P/E) ratio of 5.68x, based on its trailing 12-month earnings per share (EPS) of ₹72.23, and a price-to-book (P/B) ratio of 0.77, according to exchange data.

 

 

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.

Bharti Airtel Partners with SpaceX to Bring Starlink Internet to India

Bharti Airtel has announced a strategic partnership with SpaceX, the aerospace giant led by Elon Musk, to introduce Starlink satellite internet services in India.

This marks Starlink’s first formal collaboration in the country, significantly boosting Airtel’s presence in the satellite broadband sector, particularly in rural and underserved areas.

Regulatory Approvals Still Pending

The partnership is subject to regulatory clearances, as SpaceX awaits necessary approvals from the Indian National Space Promotion and Authorisation Center (IN-SPACe) and the Department of Telecommunications (DoT) to officially launch Starlink operations in India.

SpaceX has reportedly agreed to meet India’s data localisation and security requirements, which had previously delayed its authorisation.

Integration with Airtel’s Existing Satellite Services

With this collaboration, Airtel will integrate Starlink into its existing satellite broadband services, which already include Eutelsat OneWeb, to provide nationwide high-speed internet coverage.

This initiative aims to bridge India’s digital divide by expanding connectivity to remote villages, schools, healthcare centres, and businesses.

Expanding Distribution and Enterprise Services

Beyond broadband coverage, Airtel and SpaceX are exploring the possibility of distributing Starlink equipment through Airtel’s extensive retail network.

They are also considering offering Starlink services to enterprise customers, further enhancing Airtel’s broadband portfolio. Additionally, Airtel’s ground infrastructure and market expertise will support SpaceX’s operational rollout in India.

Rising Competition in India’s Satellite Broadband Market

India’s satellite broadband sector is becoming increasingly competitive. Eutelsat OneWeb (backed by Airtel) and Reliance Jio’s joint venture with SES have already secured GMPCS (Global Mobile Personal Communications by Satellite) licenses and IN-SPACe approvals. Meanwhile, Amazon’s Kuiper project plans to launch 3,236 satellites by early 2025, further intensifying competition.

Airtel’s Vision for Satellite Connectivity

Commenting on the partnership, Gopal Vittal, Managing Director and Vice Chairman of Bharti Airtel Ltd., stated, “Working with SpaceX to offer Starlink to Airtel customers in India is a significant milestone and further demonstrates our commitment to next-generation satellite connectivity. This collaboration enhances our ability to bring world-class high-speed broadband to even the most remote parts of India, ensuring that every individual, business, and community has reliable internet. Starlink will complement and enhance Airtel’s suite of products to ensure reliable and affordable broadband for our Indian customers – wherever they live and work.”

Evolving Satellite Communication Policies in India

Despite the promising collaboration, regulatory approval remains the key challenge for Starlink’s official entry into India. The Telecom Regulatory Authority of India (TRAI) is expected to soon finalise pricing details for satellite spectrum allocation.

While the Indian government has indicated that spectrum will be allocated administratively with a fee structure, major telecom operators have been lobbying for an auction-based system.

India’s Growing Space Economy

As India’s space industry expands, IN-SPACe projects that the country’s space economy will reach $44 billion by 2033, capturing 8% of the global market share, up from the current 2%.

With over 6,000 Starlink satellites already in orbit, the anticipated regulatory approvals could reshape India’s satellite broadband landscape. If cleared, the Airtel-Starlink partnership is set to play a crucial role in advancing digital connectivity across the nation.

Stock Performance 

On March 11, 2025, Bharti Airtel share price ended 1.93% higher at ₹1,661.20. Bharti Airtel share price reached a 52-week high of ₹1,778.95, and a 52-week low of ₹1,151.30. As per BSE, the total traded volume for the stock stood at 0.85 lakh shares with a turnover of ₹14.06 crore.

At the current price, Bharti Airtel shares are trading at a price-to-earnings (P/E) ratio of 63.19x, based on its trailing 12-month earnings per share (EPS) of ₹26.29, and a price-to-book (P/B) ratio of 9.77, according to exchange data.

 

 

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.

IndusInd Bank Crash Wipes Out ₹7,300 Crore from Mutual Funds; Here’s Who Lost the Most

IndusInd Bank shares plunged over 27% on Tuesday, March 11, 202,5 after the bank disclosed “discrepancies” in certain portfolios. 

These led to an estimated adverse post-tax impact of 2.35% on its net worth as of December 2024. This massive stock erosion has significantly affected mutual fund holdings, resulting in losses amounting to thousands of crores.

Mutual Fund Exposure and Losses

According to the news reports, as of February 28, 50 mutual funds collectively held over 22.56 crore shares of IndusInd Bank, for a total value of ₹22,339 crore. 

However, with the stock crash, these funds’ exposure has shrunk to approximately ₹15,000 crore, marking a decline of about ₹7,339 crore.

Worst-Hit Mutual Funds After IndusInd Bank Crash

Several mutual funds suffered substantial losses due to the steep decline in IndusInd Bank’s stock price. Among them, the hardest hit are:

1. UTI Nifty 50 Exchange Traded Fund

The UTI Nifty 50 Exchange Traded Fund suffered a significant setback due to the sharp decline in IndusInd Bank’s stock. As of February 28, 2024, the fund held 35.94 lakh shares of the bank. Following the stock’s steep plunge, the fund recorded a loss of ₹120 crore.

2. UTI Value Fund-Regular Plan-Growth

The UTI Value Fund-Regular Plan-Growth faced considerable losses following IndusInd Bank’s stock crash. Holding 19 lakh shares of the bank, the fund saw its investment value erode by ₹63.46 crore.

3. UTI Nifty Bank Exchange Traded Fund

The UTI Nifty Bank Exchange Traded Fund took a significant hit from IndusInd Bank’s stock slump. With 15.78 lakh shares in its portfolio, the fund suffered a loss of ₹52.70 crore.

4. Bandhan Flexi Cap Fund Growth

The Bandhan Flexi Cap Fund Growth was among the mutual funds affected by IndusInd Bank’s stock plunge. Holding 13.80 lakh shares, the fund incurred a loss of ₹46.09 crore.

5. UTI Mid Cap Fund Regular Plan-Growth

The UTI Mid Cap Fund Regular Plan-Growth faced substantial losses due to the steep decline in IndusInd Bank’s stock. With 13.27 lakh shares in its portfolio, the fund recorded a loss of ₹44.32 crore.

Mutual Fund House with the Highest Exposure

UTI Mutual Fund is the most exposed to IndusInd Bank’s stock, holding approximately 1.27 crore shares across 15 different schemes, as per Trendlyne.com. Other fund houses with significant exposure include Bandhan Mutual Fund, Quant Mutual Fund, Motilal Oswal Mutual Fund, LIC Mutual Fund, Sundaram Mutual Fund, and Invesco India Mutual Fund.

Mutual Funds Increased Stakes in IndusInd Bank

Interestingly, mutual funds have been steadily increasing their stake in IndusInd Bank over the past quarters. Their stake in the bank stood at:

  • December 2024 quarter: 30.31%
  • September 2024 quarter: 22.73%
  • June 2024 quarter: 19.91%
  • March 2024 quarter: 17.82%
  • December 2023 quarter: 15.63%

This progressive rise in holdings highlights the confidence mutual funds had in the stock before the latest revelation.

Why Did IndusInd Bank Shares Fell?

The heavy sell-off in IndusInd Bank shares came after the lender’s internal review estimated a negative impact of 2.35% on its net worth due to discrepancies in specific portfolios. 

This announcement followed the Reserve Bank of India’s (RBI) directive to banks, instructing them to conduct a thorough review of their investment portfolios.

On March 11, 2025, Tuesday, IndusInd Bank share price ended by 27.17% down at ₹655.95 apiece on the Bombay Stock Exchange (BSE). The sharp decline has rattled investors and mutual fund managers, raising concerns over further volatility in the banking sector.

Conclusion

IndusInd Bank’s stock crash, triggered by portfolio discrepancies, has wiped out over ₹7,339 crore in mutual fund investments, severely impacting major funds like UTI and Bandhan.

 The bank’s stock had gained mutual funds’ confidence over recent quarters, but the sudden plunge raises concerns over banking sector stability. 

As investors reassess risks, market volatility may persist, highlighting the need for stringent financial oversight and regulatory vigilance in the sector.

 

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.

Shares That Hit Circuit Limits On March 11, 2025, E2E Networks, Pasupati Acrylon and More

On March 11, 2025, BSE Sensex closed 0.02% lower at 74,102.32, while Nifty50 jumped 0.17% to 22,497.90. Amidst the market volatility, stocks like Pasupati Acrylon, Acme Solar Holdings, and Zaggle Prepaid Ocean Services India hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 11, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Axiscades Technologies 889.95 3.49 5 2.67 23.89
Nitiraj Engineers 402.8 9.99 10 3.01 11.84
Trident Techlabs 980.3 5 5 0.7 6.73
Pasupati Acrylon 51.3 20 20 11.75 5.82
Sumit Woods 98.27 4.99 5 1.03 1

Stocks That Hit Lower Circuit on March 11, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
International Gemmological Ins India 296.85 -4.99 5 34.23 102.86
Zaggle Prepaid Ocean Services 337.3 -3.48 5 13.23 44.05
Shakti Pumps (India) 890 -2.49 5 2.6 23.12
E2E Networks 1,734.70 -5 5 1.12 19.52
Acme Solar Holdings 200.59 -5 5 7.67 15.75

Overview of Companies Hitting Circuits Today

  • International Gemmological Ins India

On March 11, 2025, International Gemmological Ins India share price ended 5% lower at ₹296.50. International Gemmological Ins India share price reached a 52-week high of ₹642.30, and a 52-week low of ₹296.50.

  • Acme Solar Holdings

On March 11, 2025, Acme Solar Holdings share price ended 4.99% lower at ₹200.90. Acme Solar Holdings’ share price reached a 52-week high of ₹292.00, and a 52-week low of ₹167.55.

  • E2E Networks

On March 11, 2025, E2E Networks share price ended 5% lower at ₹1,734.70. E2E Networks’s share price reached a 52-week high of ₹5,487.65, and a 52-week low of ₹780.35.

  • Pasupati Acrylon

On March 11, 2025, Pasupati Acrylon share price ended 20% higher at ₹51.30. Pasupati Acrylon’s share price reached a 52-week high of ₹70.79, and a 52-week low of ₹33.20.

  • Axiscades Technologies

On March 11, 2025, Axiscades Technologies share price ended 3.93% higher at ₹890.05. Axiscades Technologies’s share price reached a 52-week high of ₹899.20, and a 52-week low of ₹421.05.

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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.