RBI Cancels Bank Holiday on March 31 to Ensure Fiscal Year-End Transactions

The Reserve Bank of India (RBI) has announced that all agency banks handling government transactions must remain open on March 31, 2025, despite it being a public holiday in most parts of the country. This decision ensures that all financial transactions related to the fiscal year 2024-25 are completed within the same financial period.

Why Are Banks Staying Open on March 31?

According to the RBI, the Government of India requested banks to remain open on March 31 to facilitate government-related payments and receipts. This includes transactions such as tax payments, pension disbursements, and other financial activities crucial for closing the fiscal year.

Initially, March 31 was declared a bank holiday in most states (except Aizawl and Shimla) for Ramzan-Id (Id-Ul-Fitr). However, the RBI has now instructed all agency banks to operate on this day. Banks will also publicly announce the availability of services to inform customers.

Services Available on March 31

On March 31, the following financial transactions will be processed:

  • Government tax payments (Income Tax, GST, Customs, Excise Duties)
  • Pension payments and government subsidies
  • Disbursement of government salaries and allowances
  • Public transactions related to government schemes

Bank Holiday on April 1

While banks will remain open on March 31, they will be closed on April 1, 2025, in most states for annual account closing. However, banks in Meghalaya, Chhattisgarh, Mizoram, West Bengal, Himachal Pradesh, and Meghalaya will remain open on this day.

List of Bank Holidays in March 2025

Here are the key bank holidays across different regions in March 2025:

  • March 7 (Friday) – Chapchar Kut (Aizawl)
  • March 13 (Thursday) – Holika Dahan (Dehradun, Kanpur, Lucknow, Ranchi)
  • March 14 (Friday) – Holi/Dhulandi/Dol Jatra (Multiple cities including Mumbai, Delhi, Kolkata, Lucknow, Hyderabad, and more)
  • March 15 (Saturday) – Holi/Yaosang 2nd Day (Agartala, Bhubaneswar, Imphal, Patna)
  • March 22 (Saturday) – Bihar Diwas (Patna)
  • March 27 (Thursday) – Shab-I-Qadr (Jammu, Srinagar)
  • March 28 (Friday) – Jumat-ul-Vida (Jammu, Srinagar)
  • March 31 (Monday) – Ramzan-Id (Id-Ul-Fitr) (Banks were initially closed but will now be open for agency bank transactions)

Conclusion

The RBI’s directive ensures that all financial transactions related to the government’s fiscal year-end are completed smoothly. While most banks were initially scheduled to be closed on March 31, they will now remain open to process tax payments, pensions, and government-related transactions. Customers should take note of the updated bank holiday schedule for March and April 2025.

 

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.

Check Gold and Silver Rates in Your City Today, March 21, 2025

Gold and silver prices in India edged up on Friday, March 21, 2025. The price of 24-carat gold climbed by ₹220 per gram to ₹9,084.3 per gram, while 22-carat gold rose by ₹200 per gram to ₹8,328.3 per gram.

Silver prices also saw a marginal rise of ₹100 per kg, bringing the rate to ₹1,08,300 per kg.

Gold and Silver Price Trends

Metal Price Change (1 Week) Price Change (1 Month)
24K Gold -0.24% -2.61%
Silver ₹100/kg increase N/A

Gold Rates in Major Indian Cities

Gold prices vary across different cities in India. Below are the latest rates for 10 grams of 24K gold:

City Gold Price Today (₹) Gold Price Yesterday (₹) Gold Price Last Week (₹)
Chennai 90,691 90,031 89,811
Bangalore 90,685 90,025 89,805
Hyderabad 90,699 90,039 89,819
Visakhapatnam 90,707 90,047 89,827
Vijayawada 90,705 90,045 89,825

Silver Prices in Major Indian Cities

Here are the silver rates per kilogram in major Indian cities:

City Silver Price Today (₹) Silver Price Yesterday (₹) Silver Price Last Week (₹)
Chennai 1,16,900 1,15,800 1,14,800
Bangalore 1,07,300 1,06,200 1,05,200
Hyderabad 1,17,500 1,16,400 1,15,400
Visakhapatnam 1,15,900 1,14,800 1,13,800
Vijayawada 1,18,300 1,17,200 1,16,200

Factors Affecting Gold and Silver Prices

Gold and silver prices are influenced by several global and domestic factors, including:

  1. Global Demand – Higher demand for gold and silver worldwide leads to price increases.
  2. Currency Fluctuations – The value of the US dollar impacts gold and silver prices. A weaker dollar generally pushes prices higher.
  3. Interest Rates – When interest rates rise, gold and silver become less attractive investments since they do not generate interest.
  4. Government Policies – Import duties, taxes, and regulations affect gold and silver prices.
  5. Geopolitical and Economic Events – Wars, economic crises, and inflation can drive up demand for precious metals.

Conclusion

Gold and silver prices fluctuate due to global and domestic factors. Investors should track trends and expert insights before making buying 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.

L&T Secures Major Order for Residential and Commercial Towers

On March 21, 2025, Larsen & Toubro’s (L&T) Buildings & Factories (B&F) division has won a significant contract from Brigade Group to construct residential and commercial towers in Hyderabad and Chennai. This marks L&T’s largest private-sector residential project to date.

Key Projects Under the Contract

Brigade Gateway Residences – Hyderabad

  • Located in Neopolis, Kokapet, this project consists of 2 luxury residential towers.
  • One of the towers will be among the tallest buildings in Hyderabad, featuring a structure of 5 basements + ground floor + 57 floors.

Brigade World Trade Centre – Hyderabad

  • A commercial tower in Neopolis, Kokapet, standing over 200 meters tall.
  • The configuration includes 5 basements + ground floor + 50 floors.
  • It will house office spaces, retail outlets, and a five-star hotel – Brigade Neopolis.
  • Once completed, it will be the tallest mixed-use development in Hyderabad.

Brigade Altius – Chennai

  • A high-end residential project with three signature towers.
  • Each tower will have 6 parking levels and 39 apartment floors.
  • It is set to be one of the tallest and most prestigious developments in the locality.

Brigade Morgan Heights – Chennai

  • A luxury residential complex comprising 10 towers.
  • The towers will have four parking levels, and apartment floors ranging from 11 to 21 stories.

Project Execution and Background

All these projects will follow a design-and-build model with strict deadlines.

Larsen & Toubro is a $27 billion Indian multinational company specialising in EPC (Engineering, Procurement, and Construction) projects, high-tech manufacturing, and services. With over 80 years of experience, L&T has built a reputation for delivering high-quality projects across various industries and geographies.

Project Classification

According to L&T’s project classification, a large project is valued between ₹2,500 crore and ₹5,000 crore.

Conclusion

With this project, L&T strengthens its presence in India’s real estate sector, delivering high-quality infrastructure that redefines urban living and commercial spaces.

As of March 21, 2025, at 11:45 AM IST, Larsen & Toubro share price is trading at ₹3,416.80, up by ₹65.75 (1.96%). The stock opened at ₹3,357.00, reaching a high of ₹3,419.80 and a low of ₹3,332.75. It has a market capitalisation of ₹4.70 lakh crore, a P/E ratio of 33.73, and a dividend yield of 0.82%. The stock’s 52-week high is ₹3,963.50, while its 52-week low stands at ₹3,141.00.

 

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

 

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

Reliance Acquires Nauyaan Tradings, Plans Major Stake in Shipyard Business

Mukesh Ambani-led Reliance Industries Ltd (RIL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) through its subsidiary, Reliance Strategic Business Ventures Limited (RSBVL). The deal, completed with Welspun Tradings Limited, was valued at just ₹1 lakh. With this acquisition, NTPL is now a step-down subsidiary of RIL.

Reliance to Acquire 74% Stake in Nauyaan Shipyard

NTPL has also signed an agreement with Welspun Corp Limited (WCL) to purchase a 74% stake in Nauyaan Shipyard Private Limited (NSPL) for ₹382.73 crore. The deal, which accounts for adjustments related to expenses and net current assets, is expected to be finalised by March 21, 2025.

Shipyard Expansion and Strategic Location

NSPL, established in 2021, has an enterprise value of ₹643.78 crore, including ₹126.57 crore in debt and liabilities. Its total equity valuation stands at ₹517.21 crore, with a provision for repaying ₹93.66 crore to WCL.

The shipyard is located in Dahej, Gujarat, near Reliance’s manufacturing plant. It spans 138 acres of leased land and has rights to use nearby foreshore land. The facility will be used for:

  • Salt handling and storage
  • Brine preparation
  • Engineering and fabrication of structures
  • Manufacturing hydrogen electrolysers

NSPL had no revenue in its first 2 years but reported ₹7 lakh in revenue for FY24.

Reliance’s Growing Shipyard Business

Reliance has been strengthening its shipyard operations. In January, Swan Energy acquired Reliance Naval and Engineering Limited and rebranded it as Swan Defence and Heavy Industries Limited. The goal is to expand the shipyard’s production capacity, making India a leading global player in heavy fabrication for the naval, defence, and oil & gas sectors.

This latest acquisition aligns with Reliance’s strategy to expand its presence in manufacturing and infrastructure development.

About Reliance Industries Limited

Reliance Industries Limited is a multinational conglomerate based in Mumbai, Maharashtra, India. It operates across various sectors, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles.

As of March 21 at 10:53 AM IST, Reliance Industries share price stood at ₹1,280.00, up by ₹10.85 or 0.85% for the day. The stock opened at ₹1,275.00, reached a high of ₹1,280.55, and touched a low of ₹1,270.10.

Conclusion

This acquisition strengthens Reliance’s presence in shipbuilding and manufacturing, aligning with its long-term strategy to boost infrastructure and industrial capabilities.

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.

RailTel Share Price Surge 6% After Securing ₹16.8 Crore Defence Order

RailTel Corporation of India saw its shares jump 6.2% on the BSE, reaching an intraday high of ₹316. The stock gained momentum after the company won a ₹16.89 crore order from the Ministry of Defence for laying optical fibre cable (OFC).

RailTel’s Latest Order from the Defence Ministry

RailTel has received a work order from the Ministry of Defence to lay OFC, a project valued at approximately ₹16.89 crore, including taxes. This contract adds to RailTel’s growing portfolio of government projects.

Stock Performance and Market Capitalisation

As of 9:53 AM, RailTel share price was up 4.89% at ₹311.9 on the BSE, while the Sensex gained 0.24% to 76,532.46. The company’s market capitalisation stood at ₹10,013.28 crore. The stock has a 52-week high of ₹618 and a 52-week low of ₹265.3.

Recent ₹288 Crore Order from Indian Railways

RailTel recently secured a ₹288 crore contract from East Central Railway. The project involves implementing Kavach, an Indigenous Train Collision Avoidance System, on a 502.2 RKm low-density railway track.

RailTel’s Role in Modernising Railway Communications

Established in 2000 as a public sector enterprise under the Ministry of Railways, RailTel plays a key role in modernising railway communication and expanding broadband services in India. Its services include:

  • Providing broadband connectivity in urban and rural areas
  • Offering mission-critical solutions like video surveillance and e-office services
  • Deploying Wi-Fi and on-demand content at major railway stations
  • Upgrading networks to improve railway operations and administration

Contributions to Major Government Projects

RailTel has also been involved in large-scale government initiatives, such as:

  • Bharat Net (enhancing rural broadband connectivity)
  • National Knowledge Network (connecting research and education institutions)
  • Optical fibre connectivity in the North East

Stock Performance Over the Last Year

Despite securing multiple government projects, RailTel’s share price has declined 17% in the past year, while the Sensex has gained 5%. Investors remain watchful as the company continues to expand its presence in telecom and railway modernisation projects.

Conclusion

RailTel’s growing list of government contracts, including railway modernisation and telecom projects, strengthens its position in the industry. Despite recent stock volatility, its long-term prospects remain strong. Investors are closely watching for further developments.

 

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.

Samvardhana Motherson Share Price Rise Ahead of Dividend Announcement

Samvardhana Motherson share price saw an upward movement today as investors awaited the company’s decision on an interim dividend for FY25. The stock opened at ₹129.99 on the NSE and quickly touched an intraday high of ₹131.37. The company has scheduled a board meeting on March 21, 2025, to discuss and approve the dividend proposal.

Samvardhana Motherson’s Dividend Plan for FY25

The company informed stock exchanges about its upcoming board meeting, stating, “A meeting of the Board of Directors is scheduled for Friday, March 21, 2025, to consider the declaration of an interim dividend for FY25.” If approved, this will be the first dividend declaration for the financial year.

Previous Dividend Payout

Earlier, the company had traded ex-dividend on August 14, 2024, when it finalised the list of shareholders eligible for a final dividend of ₹0.80 per share.

Strong Q3 FY25 Performance

In Q3FY25, the company reported a 7.66% increase in revenue year-on-year, reaching ₹27,665.92 crore. Its profit surged by 62.12%, totalling ₹878.63 crore. However, revenue declined slightly by 0.52% on a quarter-on-quarter basis, and profit dipped 0.13%.

Other key highlights:

  • Operating income rose 16.98% QoQ and 16.35% YoY, showcasing strong operational growth.
  • Selling, general, and administrative (SG&A) expenses increased 3.39% QoQ and 17.33% YoY.
  • Earnings per share (EPS) for Q3 stood at ₹1.25, reflecting a 56.25% YoY increase.

With steady financial performance and a potential dividend announcement, investors are closely watching Samvardhana Motherson’s stock for further developments.

Conclusion

With robust financial performance and a potential dividend on the horizon, Samvardhana Motherson remains in focus. Investors await the board’s decision for further cues.

 

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.

IRFC, NMDC, CG Power Trade Ex-Dividend Today: Key Dates and Payouts

Several companies, including Indian Railway Finance Corporation (IRFC), NMDC, and CG Power, will trade ex-dividend on Friday, March 21, 2025. This means that today is the last day for investors to buy these stocks and be eligible for the upcoming dividend payouts. Shareholders who hold these stocks by the record date will receive their dividends next month.

IRFC Declares Second Interim Dividend for FY25

IRFC, the financing arm of Indian Railways, will trade ex-dividend today. The company has announced a second interim dividend of ₹0.80 per share for FY25. The record date is also March 21, and the dividend will be paid on April 16.

In the previous financial years, IRFC declared:

  • FY24: ₹1.50 per share (Total payout: ₹1,045.48 crore)
  • FY23: ₹1.50 per share
  • FY22: ₹1.40 per share (Total payout: ₹1,006.28 crore)

With a dividend yield of 6-9%, IRFC remains attractive to income-focused investors.

As of March 21, 2025, at 9:40 AM IST, IRFC share price is trading at ₹129.89, up 1.07% or ₹1.37 for the day. The stock opened at ₹128.00 and has reached a high of ₹130.30 and a low of ₹127.00 so far. 

NMDC’s First Interim Dividend for FY25

NMDC, India’s largest iron ore producer, is also going ex-dividend today. The company announced a dividend of ₹2.30 per share, with a record date of March 21. Investors holding NMDC shares by this date will receive their payout on April 16.

In recent years, NMDC’s dividends have been:

  • FY24: ₹7.25 per share (₹1,685.11 crore)
  • FY23: ₹5.91 per share (₹1,098.98 crore)
  • FY22: ₹14.74 per share (₹1,474 crore)

The company’s dividend yield has ranged from 3.6% to 9%, making it a preferred choice for dividend investors. Additionally, NMDC rewarded its shareholders with a 2:1 bonus share issue in December 2024.

As of March 21, 2025, at 9:41 AM IST, NMDC share price is trading at ₹67.12, down 2.43% or ₹1.67 for the day. The stock opened at ₹66.64 and has reached a high of ₹67.20 and a low of ₹66.16 so far.

CG Power Announces Interim Dividend

CG Power and Industrial Solutions Ltd has also declared a dividend of ₹1.30 per share, with a record date of March 22. Investors holding the stock by this date will receive the payout on April 16.

Understanding Ex-Dividend and Record Dates

  • Ex-dividend date: The day a stock trades without the upcoming dividend. If you buy a stock on or after this date, you won’t receive the dividend.
  • Record date: The date when companies determine which shareholders are eligible for the dividend. Only those who own the stock before the ex-date will receive the payout.

If you own these stocks before March 21, you qualify for the dividend. If not, you’ll have to wait for the next payout opportunity!

As of March 21, 2025, at 9:43 AM IST, CG Power and Industrial Solutions share price is trading at ₹657.65, up 0.47% or ₹3.05 for the day. The stock opened at ₹658.95, with an intraday high of ₹658.95 and a low of ₹652.00.

Conclusion

Dividend-paying stocks like IRFC, NMDC, and CG Power offer steady returns for investors. If you missed this round, keep an eye out for future payout 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.

Closing Bell: Sensex Rises 899 Pts, Nifty Above 23,190 as Markets Rally on March 20, 2025

The Indian stock market continued its winning streak on Thursday, March 20, 2025, with both the Sensex and Nifty50 closing over 1% higher. Strong buying across various sectors boosted market sentiment, leading to broad-based gains.

The BSE Sensex surged 899.01 points (1.19%) to close at 76,348.06 after trading between 76,456.25 and 75,684.58 during the day. Similarly, the NSE Nifty50 climbed 283.05 points (1.24%), finishing at 23,190.65. The index hit a high of 23,216.70 and a low of 22,973.95 during the session.

Top Gainers and Losers

  • Gainers: Bharti Airtel, Titan, Britannia, Eicher Motors, and Bajaj Auto led the market rally, rising up to 4.08%.
  • Losers: IndusInd Bank, Trent, Shriram Finance, and Bajaj Finance were among the few stocks that declined, falling up to 1.11%.
  • Flat Performers: UltraTech Cement and Axis Bank remained unchanged.

Broader Market Performance

The broader indices also gained, though at a slower pace:

  • Nifty Midcap100 rose 0.64%.
  • Nifty Smallcap100 increased 0.70%.

Sectoral Indices Shine

All sectoral indices on the NSE closed in the green, with strong performances in multiple sectors:

  • Nifty IT, Auto, FMCG, Metal, Media, Realty, Oil & Gas, Consumer Durables, and Healthcare gained over 1% each.

With widespread buying across sectors, the market remained firmly in bullish territory, signalling strong investor confidence.

Oil Prices

As of March 20, 2025, at 03:40 PM, Brent Crude was trading at $71.02, up by 0.34%.

 

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.

Aavas Financiers Share Price Hits 52-Week High, Gains 7% in 2 Days

Aavas Financiers share price touched a 52-week high of ₹1,994.45 on March 20, 2025, rising 4% in intraday trade on the NSE. The stock has surged 7% in the past 2 trading sessions, surpassing its previous high of ₹1,978.25 recorded in June 2024. Despite this strong performance, it remains significantly below its all-time high of ₹3,336.95, which was reached in February 2022.

SBI Mutual Fund Reduces Stake

On March 19, 2025, Aavas Financiers announced that SBI Mutual Fund had reduced its stake in the company. The fund sold 7.544 million shares through an open offer, bringing its holding down from 9.587% to just 0.056%.

Promoter Stake Sale and New Ownership

In August 2024, Kedaara Capital and Partners Group, the promoters of Aavas Financiers, signed an agreement to sell their entire stake to Aquilo House Pte. Ltd., part of the CVC Capital Partners group. Following the completion of the share purchase agreement (SPA) and an open offer to public shareholders, Aquilo House Pte. Ltd. will become the new promoter of Aavas Financiers, replacing Kedaara Capital and Partners Group. The transaction is pending regulatory approval.

Stable Credit Ratings and Strong Funding Support

CARE Ratings recently reaffirmed its stable rating for Aavas Financiers. The company has strong banking relationships with institutions such as PNB, SBI, and HDFC Bank. It also receives funding from international agencies like the Asian Development Bank (ADB), International Finance Corporation (IFC), and British International Investment (formerly CDC).

Business Growth and Financial Performance

Aavas Financiers primarily provides housing loans to low- and middle-income self-employed customers in semi-urban and rural India. It also offers Loan Against Property (LAP) and MSME loans.

In the past 2 months, the company’s stock price has surged 20%, outperforming the market. Key financial highlights include:

  • AUM Growth: Assets under Management (AUM) increased 20% YoY to ₹19,238 crore as of Q3FY25.
  • Disbursements: Loans disbursed in Q3FY25 grew by 17% YoY and 23% sequentially to ₹1,594 crore. For the April-December 2024 period, disbursements rose 11% YoY to ₹4,099 crore.
  • Profitability: Loan spreads improved to 4.94% in Q3FY25 from 4.89% in the previous quarter.
  • Asset Quality: The 1+dpd (delinquency rate) improved to 3.85% in Q3FY25 from 3.97% in Q2FY25, with further improvements expected in Q4FY25.

Government Policies Supporting Growth

The government’s launch of Pradhan Mantri Awas Yojana (PMAY) 2.0, which includes an interest subsidy for urban housing, is expected to boost loan accessibility for low-income groups. This initiative aligns with the company’s goal of expanding homeownership in India.

Future Growth Plans

Aavas Financiers is targeting 25% growth in loan disbursements and is expanding into Southern India, which is expected to drive further business growth. The company also sees strong potential in the MSME loan segment, which offers higher yields of around 15%.

Technology and Operational Efficiency

The company recently upgraded its major technology platforms, completing one of the fastest tech transformations in the industry. With these improvements now stabilising, Aavas Financiers believes it has set a strong foundation for sustainable, scalable, and profitable growth.

Conclusion

With robust financial growth, expanding market reach, and a strong funding base, Aavas Financiers is well-positioned for sustainable and profitable 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.

KEC International Share Price Surge 11%, Gain 26% in 4 Days on Order Win

KEC International shares continued their winning streak for the fourth straight day on March 20, 2025. The stock surged 10.86% in intraday trade, reaching ₹848 per share on the BSE. Over the last four sessions, the stock has jumped 26.11%.

In comparison, the BSE Sensex was up 486 points (0.2%) at 11:20 AM and has gained 2.9% over the past four days. Despite the recent rally, KEC International’s stock has fallen 36.21% in 2025, underperforming the Sensex, which is down about 3% during the same period.

Order Win Drives Rally

The stock’s upward momentum began after KEC International announced multiple order wins worth ₹1,267 crore over the weekend.

According to a stock exchange filing on Mar 15, the company’s Transmission & Distribution (T&D) business secured:

  • An 800 kV HVDC and 765 kV transmission line order was made by Power Grid Corporation of India Limited (PGCIL).
  • Supply of towers, hardware, and poles for projects in the Americas.

Additionally, its Cable business won contracts to supply various cables and conductors in India and overseas.

Company Overview

KEC International, part of the RPG Group, is a global EPC (Engineering, Procurement, and Construction) company. It operates in Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. The company is currently working on projects across 30+ countries.

With these latest contracts, KEC International’s year-to-date (YTD) order intake has surpassed ₹23,300 crore, marking a 35% growth over the previous year.

Financial Performance (Q3FY25)

For the October-December quarter (Q3FY25), KEC International reported:

  • Net profit: ₹130 crore (up from ₹97 crore in Q3FY24).
  • Revenue: ₹5,349 crore (up from ₹5,007 crore).
  • EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization): ₹374 crore (up from ₹308 crore).
  • EBITDA margin: 7% (compared to 6.2% last year).

Future Outlook

Vimal Kejriwal, MD & CEO of KEC International, stated that the company’s outlook remains strong across key business segments. With an order book and L1 projects worth over ₹41,000 crore, strong execution, stable costs, and a robust tender pipeline, the company expects continued growth.

However, challenges remain:

  • The Railways and Civil segments did not grow as expected, affecting margins.
  • The SAE Towers unit faced a 20% currency depreciation.
  • Due to these factors, the company revised its FY25 revenue growth guidance to 12-14% (earlier 15%).

Conclusion

KEC International’s strong order pipeline and improved execution outlook position it for sustained growth. However, challenges in key segments may impact short-term margins.

 

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.