Engineers India Ltd (EIL) has won 2 major international contracts worth ₹730 crore. According to the company’s filing with BSE, clients from the Middle East awarded these contracts for Project Management Consultancy (PMC) Services and Engineering & Project Management Services Agreements. The PMC project is valued at ₹650 crore, while the engineering services agreement is worth ₹80 crore.

Stock Market Reaction

Following the announcement, EIL’s stock surged 4.53% to touch a day high of ₹173.95. However, it later settled at ₹167.70, up 0.78%. Despite the gain, the stock has declined 8.98% on a year-to-date (YTD) basis.

Key Financial Metrics

• Price-to-Earnings (P/E) Ratio: 30.02 
• Price-to-Book (P/B) Value: 3.95 
• Earnings Per Share (EPS): ₹5.57 
• Return on Equity (RoE): 13.14% 
• Beta (Volatility Indicator): 1.9 (indicating high volatility) 

Government’s Stake
As of December 2023, the Indian government holds a 51.32% stake in EIL, which is a state-owned engineering consultancy firm.

About Engineers India Limited

Engineers India Limited is a government-owned industrial technology and engineering consultancy firm in India. Established in 1965, the company specialises in providing indigenous technology solutions for hydrocarbon projects.

Engineers India share price is trading at ₹164.54, down 1.11% as of 2:01 PM on March 25. The stock opened at ₹171.30, reached a high of ₹174.00, and a low of ₹162.82. The company has a market capitalisation of ₹9,250 crore, a P/E ratio of 22.27, and a dividend yield of 1.82%. Its 52-week high stands at ₹303.90, while the 52-week low is ₹142.20.

Conclusion

EIL’s new orders strengthen its global presence, but the stock remains volatile. Investors should watch for further developments in its international expansion.

 

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.

Punjab National Bank (PNB) has asked customers to update their Know Your Customer (KYC) details by April 10, following the Reserve Bank of India’s (RBI) guidelines. The bank’s advisory applies to customers whose accounts are due for KYC updates by March 31.

Documents Required for KYC Update

To keep their accounts active, customers must provide the following:

• Identity proof (such as Aadhaar, Voter ID, or Passport) 
• Address proof 
• Recent passport-size photograph 
• PAN card or Form 60 
• Income proof (if applicable) 
• Registered mobile number (if not already linked) 

These details can be submitted at any PNB branch or through digital platforms like the PNB ONE app or Internet Banking Services (IBS). Customers can also send the updated documents via registered email or post to their home branch.

Consequences of Missing the Deadline

PNB has warned that failing to update KYC before the deadline may result in restrictions on account operations.

Beware of Fraudulent Links

The bank has advised customers to be cautious of scams. They should avoid clicking on unverified links or downloading files from unknown sources for KYC updates. Customers should always verify official communication to prevent fraud.

How to Update KYC via PNB One App

Customers can update their KYC digitally by following these steps:

1. Download the PNB One app from the Google Play Store or Apple App Store. 
2. Log in using your credentials. 
3. Go to the KYC update section. 
4. Check if your KYC update is pending. 
5. If pending, click on ‘Update KYC’. 
6. Authenticate your identity using OTP-based Aadhaar verification. 
7. Enter the OTP sent to your registered mobile number linked with Aadhaar. 

Note: Ensure your mobile number is linked with Aadhaar for successful OTP authentication.

About Punjab National Bank

Punjab National Bank, a government-owned bank in India, is headquartered in New Delhi. Established in May 1894, it is the country’s second-largest public sector bank by business volume. The bank serves over 180 million customers through its extensive network of 12,248 branches and more than 13,000 ATMs.

As of 1:52 PM IST on March 25, Punjab National Bank’s (PNB) share price was trading at ₹94.15, down 1.86% (-₹1.78) for the day. The stock opened at ₹96.50, reached a high of ₹96.60, and hit a low of ₹93.60. Over the past 52 weeks, the stock has ranged between a high of ₹142.90 and a low of ₹85.46.

Conclusion

Updating KYC on time ensures uninterrupted banking services. To stay safe, customers should follow official channels and avoid fraudulent links.

 

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.

Bajaj Finserv share price surged 3% in intra-day trading on March 25, 2025, reaching ₹1,955.50—its highest level since October 3, 2024. The stock had previously hit a record high of ₹2,029 on September 27, 2024. So far in 2025, it has outperformed the market with a 25% gain, while the BSE Sensex has declined by 0.22% in the same period.

Allianz Stake Acquisition in Insurance Ventures

On March 17, 2025, Bajaj Finserv announced the acquisition of Allianz SE’s 26% stake in its 2 insurance joint ventures—Bajaj Allianz General Insurance (BAGIC) and Bajaj Allianz Life Insurance (BALIC)—for ₹24,180 crore. With this deal, Bajaj Group’s total stake in these companies will rise from 74% to 100%. Bajaj Finserv will own 75.01%, while Bajaj Holdings and Jamnalal Sons will hold 19.95% and 5.04%, respectively.

Impact of Full Ownership

With complete control over both insurance companies, Bajaj Finserv aims to strengthen its strategic flexibility and drive long-term value. 

Strong Growth Potential in Lending and Insurance

Bajaj Finserv operates in multiple financial segments, including vehicle and consumer financing through Bajaj Finance (BFL), as well as life and general insurance through BALIC and BAGIC. Analysts expect strong earnings growth due to:

• The lending business is showing robust performance. 
• Insurance subsidiaries expand their product range and distribution networks. 
• A well-capitalised balance sheet with strong liquidity. 

December Quarter Performance (Q3FY25)

In Q3FY25, Bajaj Finserv saw steady growth driven by strong lending business performance from Bajaj Finance and Bajaj Housing Finance. However, its insurance segment faced regulatory and competitive challenges.

• BAGIC’s profit margins were impacted by higher motor insurance claims and health insurance pricing rules. 
• BALIC focused on selling high-margin protection and ULIP products, though new business premium growth remained slow. 

Conclusion

Bajaj Finserv’s strategic acquisition and expansion in lending and insurance sectors position it for sustained 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.

 

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

 

Shares of Punjab & Sind Bank soared over 13% on Tuesday after the lender set a floor price of ₹40.38 per share to raise funds through a Qualified Institutional Placement (QIP).

Stock Performance

Punjab & Sind Bank share price climbed 13.08% to ₹50.5 per share, marking its biggest intraday gain since January 14. However, it later trimmed gains and traded 7.8% higher at ₹48.18 as of 10:40 AM, outperforming the Nifty 50, which was up 0.31%.

This marks the sixth consecutive session of gains for the stock. Despite this rally, Punjab & Sind Bank’s shares are down 1.29% year-to-date, compared to a 0.7% increase in the Nifty 50. However, the stock has surged over 25% since hitting a low of ₹36.9 in early March. The lender’s total market capitalization currently stands at ₹32,269.04 crore.

QIP Details

On Monday, Punjab & Sind Bank’s board approved the preliminary placement document and the application form for the QIP issue. In February, the board had given the green light to raise ₹2,000 crore through security issuance.

The bank set the floor price at ₹40.38 per share based on SEBI’s pricing formula. It may also offer up to a 5% discount on this price.

Impact of QIP on Government Stake and Capital Adequacy

With this fundraising, the government’s stake in Punjab & Sind Bank is expected to decrease by 3-4%. The capital adequacy ratio is projected to improve by the end of March 2025. As of December 2024, the Indian government held a 98.25% stake in the bank.

Punjab & Sind Bank had previously approved a total capital-raising plan of ₹10,000 crore for the current fiscal year. This includes ₹5,000 crore in infrastructure bonds, ₹2,000 crore through QIP, and ₹3,000 crore via Tier-1 or Tier-2 bonds.

Financial Performance

In the third quarter ended December 2024, Punjab & Sind Bank’s net profit more than doubled to ₹282 crore, compared to ₹114 crore in the same period last year. The increase was driven by a decline in bad loans.

Total income for the quarter rose to ₹3,269 crore from ₹2,853 crore in the previous year, reflecting the bank’s improved financial performance.

Conclusion

Punjab & Sind Bank’s strong rally reflects investor confidence in its capital-raising efforts. With improving financials and reduced bad loans, the bank aims for stronger growth ahead.

 

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 25, 2025, L&T-Cloudfiniti, a top technology solutions provider, has announced strategic partnerships with 3 AI startups, including one from Europe. These collaborations aim to revolutionise healthcare, life sciences, conversational AI, and regulated industries through advanced AI-driven solutions in India and globally.

Key Partnerships

Hanooman AI – Transforming Healthcare & Life Sciences

L&T-Cloudfiniti has joined hands with Hanooman AI, a cutting-edge healthcare and life sciences AI company. The partnership will integrate AI-powered tools to enhance healthcare in India, improving patient care, optimising treatments, and advancing medical research.

CoRover – Advancing Conversational AI

L&T-Cloudfiniti has also partnered with CoRover, a startup specialising in conversational AI and language models like BharatGPT. This collaboration will help businesses provide more natural, human-like interactions in customer service, education, and other industries. By leveraging AI, companies can enhance real-time communication and improve customer engagement.

Pidima AI – AI Solutions for Regulated Industries

L&T-Cloudfiniti’s third partnership is with UK-based Pidima AI, which focuses on AI for mission-critical industries like healthcare, MedTech, automotive, and aerospace. Pidima’s technology automates compliance documentation and test specifications, reducing costs and increasing efficiency. This partnership will help L&T-Cloudfiniti offer high-precision AI solutions in these sectors.

About the Companies

L&T-Cloudfiniti

A division of Larsen & Toubro, L&T-Cloudfiniti specialises in cloud and AI-driven solutions. The company helps businesses enhance efficiency, achieve growth, and improve customer experiences through digital transformation.

Hanooman AI

Hanooman AI is a leading AI company focused on healthcare and life sciences. It applies machine learning and deep learning models to improve diagnostics, drug discovery, and patient care.

CoRover

CoRover is an AI startup that develops advanced conversational AI solutions. Its technology enables businesses to create human-like interactions, improving customer service and engagement across industries.

Pidima AI

Based in the UK, Pidima AI provides AI-driven solutions for regulated industries, including healthcare, automotive, and aerospace. Its AI models help companies improve safety, streamline production, and enhance operational efficiency.

These partnerships mark a significant step in L&T-Cloudfiniti’s mission to harness AI for driving innovation across key industries.

About Larsen & Toubro Limited

Larsen & Toubro Limited (L&T) is a multinational conglomerate based in India, engaged in diverse sectors such as industrial technology, heavy industry, engineering, construction, manufacturing, power, IT, defense, and financial services. Headquartered in Mumbai, Maharashtra, L&T is a key player in multiple industries.

As of March 25, 2025, at 11:06 AM IST, L&T share price is trading at ₹3,474.25, down ₹7.60 (0.22%) for the day. The stock opened at ₹3,505.00, reached a high of ₹3,525.00, and touched a low of ₹3,470.30. The company has a market capitalisation of ₹4.78 lakh crore, a P/E ratio of 34.30, and a dividend yield of 0.81%. Over the past 52 weeks, the stock has hit a high of ₹3,963.50 and a low of ₹3,141.00.

Conclusion

These strategic partnerships reinforce L&T-Cloudfiniti’s commitment to AI-driven transformation across industries. By collaborating with top AI innovators, the company aims to deliver smarter, more efficient, and highly impactful solutions that enhance business outcomes and drive technological advancement.

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.

ICICI Securities has officially merged with ICICI Bank, making it a wholly owned subsidiary. With all necessary approvals secured, the merger scheme is now effective, leading to ICICI Securities’ delisting from stock exchanges. This move is expected to streamline operations and strengthen ICICI Bank’s financial services.

Record Date and Share Swap

In a disclosure on March 11, 2025, ICICI Securities confirmed the merger’s completion. The company’s board set March 24, 2025, as the Record Date when existing shares of ICICI Securities held by the public will be cancelled. Shareholders will receive ICICI Bank shares based on a 67:100 swap ratio (67 ICICI Bank shares for every 100 ICICI Securities shares).

Regulatory Approvals and Shareholder Support

The merger, announced on June 29, 2023, received all required approvals, including from the Ahmedabad and Mumbai benches. It also gained strong shareholder support, with:

• 93.82% of total shareholders voted in favour
• 71.89% of public shareholders approved the delisting, surpassing SEBI’s two-thirds majority requirement

Some minority shareholders opposed the delisting, but on March 10, 2025, the National Company Law Appellate Tribunal (NCLAT), New Delhi, dismissed all appeals, clearing the path for the merger.

ICICI Securities’ Stock Performance

ICICI Securities share price has gained 4% in 2025 and is up 20% over the past year, reflecting investor confidence in the merger’s benefits.

Why the Merger Matters?

ICICI Bank aims to enhance efficiency and governance through this integration. The merger is expected to:

• Streamline financial services under a single platform
• Improve corporate governance with unified oversight
• Increase operational efficiency and competitiveness by leveraging shared resources

Final Steps

With the merger effective from March 11, 2025, and the March 24 Record Date marking the share swap, ICICI Securities is now fully integrated with ICICI Bank. This strategic move is set to create long-term value for shareholders and strengthen ICICI Bank’s financial ecosystem.

About ICICI Bank Limited

ICICI Bank Limited is a multinational Indian bank and financial services provider, headquartered in Mumbai, with its registered office located in Vadodara.

ICICI Bank share price opened at ₹1,359.00, recorded a high of ₹1,363.80 and a low of ₹1,353.00, with the current price at ₹1,362.50, up by ₹4.35 or 0.32% as of 10:46 AM IST on March 25. The bank has a market capitalisation of ₹9.62 lakh crore, a P/E ratio of 19.83, and a dividend yield of 0.73%. Its 52-week high stands at ₹1,373.00, while the 52-week low is ₹1,048.10.

Conclusion

The merger strengthens ICICI Bank’s financial services, improves governance, and enhances efficiency. With ICICI Securities now fully integrated, the bank is poised for long-term 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.

 

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

IREDA share price will be closely watched today after a strong rally of nearly 10% in the previous session. Investors are focusing on the stock as the company’s board of directors is set to meet today, March 25, to discuss its borrowing plan for the financial year 2025-26.

The Indian Renewable Energy Development Agency (IREDA), a state-owned company, announced in a stock exchange filing on March 20 that its board would consider borrowing-related matters during this meeting.

Recent Fundraising Announcement

Earlier, on March 17, IREDA’s board approved an increase in its borrowing program for FY25 by ₹5,000 crore, taking the total borrowing limit to ₹29,200 crore.

The company plans to raise funds through various means, including:

• Taxable bonds

• Subordinated Tier-II bonds

• Perpetual debt instruments (PDI)

• Term loans from banks and financial institutions

• Credit lines from international agencies

• External commercial borrowings (ECB)

• Short-term loans and working capital demand loans (WCDL)

Stock Performance and Trends

IREDA’s stock has been on a downward trend in recent months:

• Down 21% in the last one month

• Down 37% year-to-date (YTD)

• Down 40% in the last six months

However, despite recent declines, IREDA share price has gained over 10% in the past year. On Monday, March 24, the stock surged 9.78% to close at ₹170.05 per share on the BSE.

IREDA share price opened at ₹172.00, reached a high of ₹176.77, and a low of ₹171.33, with the current price at ₹172.90, up by ₹2.86 or 1.68% as of 10:26 AM IST on March 25.

With the board meeting today, investors will closely watch for announcements regarding IREDA’s borrowing strategy and future growth plans.

Conclusion

IREDA’s stock has seen both gains and declines in recent months. While investors remain cautious due to recent losses, the upcoming borrowing plan could provide clarity on the company’s financial strategy. The outcome of today’s board meeting will be crucial in determining the stock’s next move.

 

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 Energy Solutions Ltd (AESL), the power transmission arm of the Adani Group, is expanding its district cooling services (DCS) business. The company has been developing this segment for the past few years and is now setting up large-scale cooling facilities across industrial, commercial, residential, and mixed-use projects.

What is District Cooling?

District cooling is a centralised system that distributes chilled water or another cooling medium from a central plant to multiple buildings through a network of pipes. This system is more energy-efficient and cost-effective than individual cooling units for each building.

New Revenue Stream for Adani

The district cooling business will be a new source of income for AESL. This business is managed by AESL’s subsidiary, Adani Cooling Solutions Ltd (ASCL), which also operates in power transmission, distribution, and smart metering.

How the Cooling-as-a-Service Model Works

AESL has adopted a Cooling-as-a-Service (CaaS) model under the DBFOO (Design, Build, Finance, Own, and Operate) framework. Under this model:

• Adani bears the full capital investment (capex).

• Users only pay for the cooling they use.

• This helps real estate developers save on heating, ventilation, and air conditioning (HVAC) costs.

• The cost varies depending on the project scope and ranges from ₹1-1.5 lakh per ton of refrigeration (TR).

Adani’s Partnership with MAHAPREIT

Adani Cooling Solutions has partnered with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), a Maharashtra government-owned entity. The two companies signed an MoU to develop district cooling systems (DCS) across Maharashtra, including the Mumbai Metropolitan Region.

A company spokesperson stated that the partnership will help integrate district cooling into the master plan for new and upcoming developments in Mumbai and Navi Mumbai through policy interventions.

Targeted Locations for DCS

The planned district cooling projects will be built on land designated for public utility infrastructure. Some of the key locations include:

• Mira Bhayandar

• Thane (Kisan Nagar, Hiranandani Estate)

• Mulund

• India Jewellery Park

• Mahape

• Bharat Diamond Bourse, BKC

Benefits of District Cooling

One of the biggest advantages of district cooling is its energy efficiency. Since the cooling demand is managed centrally, it benefits from economies of scale, reducing operational and maintenance costs.

• Residential users can save up to 30-35% on cooling costs.

• Commercial users can save 20-25% on cooling expenses.

India’s Growing Cooling Market

According to the India Cooling Action Plan 2019 and District Cooling Guidelines 2023, India’s cooling demand is expected to increase nearly sixfold, from 130 MTR in 2022-23 to 720 MTR by 2037-38.

• In 2023, India’s per capita cooling energy consumption was 147 kWh, significantly lower than the global average of 1,539 kWh.

• AC penetration in India is only 8%, compared to 60-90% in other developing countries.

• Despite this, India has the highest cooling degree days (CDD) globally, exceeding 4,200 billion.

About Adani Energy Solutions Ltd

Adani Energy Solutions Ltd, previously known as Adani Transmission Ltd, is a leading electric power transmission company based in Ahmedabad. It is among the largest private-sector power transmission firms in India.

Adani Energy Solutions share price opened at ₹822.00, reached a high of ₹838.90, and a low of ₹820.50, with the current price standing at ₹828.10, up by ₹7.85 or 0.96% as of 10:18 AM IST on March 25.

Conclusion

Adani’s expansion into district cooling aligns with India’s increasing demand for energy-efficient cooling solutions. With government partnerships and a focus on sustainable infrastructure, Adani Cooling Solutions is set to play a major role in the country’s cooling industry.

 

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.

Indian stock markets may likley to get impacted today, driven by positive global sentiment. Hopes of a more limited U.S. tariff policy have boosted investor confidence worldwide. The GIFT Nifty, an early indicator of the Nifty 50’s performance, was up 23.5 points (0.10%) at 23,771 as of 8:00 AM, suggesting a strong opening.

Global Market Trends

Asian Markets: Stocks in the Asia-Pacific region continued their upward trend on Tuesday, following Wall Street’s rally. Japan’s Nikkei was up 0.79%, while South Korea’s Kospi rose 0.22%.

U.S. Markets: Optimism over a more targeted U.S. tariff policy fueled gains in Wall Street. The S&P 500 jumped 1.76%, the Nasdaq 100 surged 2.27%, and the Dow Jones advanced 1.42%, marking one of the strongest sessions of the year.

Indian Market Performance

On Monday, the Nifty 50 surged 1.32% (307.95 points) to 23,658.35, while the Sensex climbed 1.4% (1,098.8 points) to 77,984.3. This rally follows the best weekly performance since February 2021.

Key Stocks to Watch

Britannia Industries

Operations at its Jhagadia plant in Gujarat have been partially affected by a worker strike. The Britannia Industries is in talks with employees to resolve the issue.

 

Brigade Enterprises

Brigade Enterprises acquired 4.4 acres of land in Whitefield, Bengaluru, for a ₹950 crore premium residential project covering 0.6 million sq. ft.

 

Swiggy Instamart

Swiggy expanded into electronics, offering fast delivery of iPhone 16e, Samsung M35, OnePlus Nord CE, and Redmi 14C in 10 major cities.

 

Easy Trip Planners

Easy Trip Planners received board approval to acquire a 49% stake in Big Charter Pvt Ltd., expanding its aviation and charter business.

 

Wipro

Wipro launched AI-driven autonomous agents for Agentforce, aiming to improve healthcare administration and customer experience.

 

HCL Technologies

HCL Technologies formed a strategic partnership with Western Union to enhance financial services innovation.

 

Rail Vikas Nigam Ltd (RVNL)

Rail Vikas Nigam Ltd (RVNL) won a ₹115.79 crore contract from Central Railway for upgrading the electric traction system in the Itarsi-Amla section (Nagpur division).

Other Stocks in Focus

TTK Prestige, Mahindra & Mahindra Financial Services, ICICI Bank, United Spirits, NHPC, Sterling and Wilson Renewable Energy, and UCO Bank are also expected to be in the spotlight today.

Conclusion

Markets remain optimistic amid easing tariff concerns and strong global cues. Investors should watch key stocks for sector-specific developments and growth opportunities.

 

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.