Several stocks, including Power Finance Corporation (PFC), SBI Cards and Payment Services, ASM Technologies, and Prithvi Exchange (India), will be in focus this week as they trade ex-date due to corporate actions such as dividends, stock splits, and buybacks. The ex-dates will fall between February 24 and February 28, 2025.

Key Corporate Actions This Week (Feb 24 to Feb 28)

Stocks Trading Ex-Dividend

• Power Finance Corporation (PFC): Interim dividend of ₹3.50 per share, ex-date February 28
• Panchsheel Organics: Interim dividend of ₹0.80 per share, ex-date February 28
• ASM Technologies: Interim dividend of ₹1 per share, ex-date February 28
• Prithvi Exchange (India): Interim dividend of ₹1 per share, ex-date February 28
• SBI Cards and Payment Services: Interim dividend of ₹2.50 per share, ex-date February 25
• Bhatia Communications & Retail (India): Interim dividend of ₹0.01 per share, ex-date February 28

Additionally, International Gemmological Institute India’s board will meet on February 22, 2025, to decide on a possible interim dividend for the financial year ending December 31, 2024.

Stocks Trading Ex-Split

• Oasis Securities: Subdivision of shares from ₹10 face value to ₹1 face value. Ex-date February 28. The company is under Enhanced Surveillance Measure (ESM: Stage 2) on BSE.
• RDB Infrastructure and Power: Share split from ₹10 per share to ₹1 per share (1:10 split). Ex-date February 28. The company is also under ESM: Stage 2 on BSE.

Nava to Trade Ex-Date for Buyback

Small-cap power generation company Nava has announced a buyback of 72 lakh equity shares (2.48% of total shares) at ₹500 per share, amounting to a total of ₹360 crore. The record date for the buyback is February 28, 2025.

Conclusion

This week’s corporate actions, including dividends, stock splits, and a buyback, are likely to influence stock movements. Investors should track these developments and assess their impact on portfolio holdings.

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.

Tata Sons is reportedly dissatisfied with BigBasket’s sluggish performance, especially as quick commerce rivals like Blinkit, Zepto, and Swiggy Instamart continue to expand rapidly. According to reports, Tata Sons sees this as a strategic mistake that has caused BigBasket to lag behind its competitors.

Push for External Investment

BigBasket, which is owned by Tata Digital (a subsidiary of Tata Sons), has been advised to seek external funding of up to $1 billion to regain market position. Bankers have recently held meetings to discuss potential investors and funding strategies, the report mentioned.

However, Tata Sons is reportedly not keen on leading this funding round. Instead, the group wants to bring in a large financial investor independently at the BigBasket level rather than through Tata Neu. Existing investors, including Tata Sons, may contribute additional capital after securing an external backer.

Possible IPO for BigBasket

According to sources, this funding round could eventually lead to BigBasket launching its own IPO in the future, allowing it to operate as an independent entity.

Market Competition and Challenges

The quick commerce sector has been rapidly growing, with companies gaining market share despite high cash burn rates. As per reports highlighted Blinkit (owned by Zomato) and Zepto hold the largest share in India’s rapid delivery market, while Swiggy Instamart ranks third.

• Blinkit holds 41% market share
• Swiggy Instamart holds 23%

BigBasket’s Future Plans

Despite the competition, BigBasket is planning to enter the quick commerce space. Last year, CEO and co-founder Hari Menon announced that the company would launch its own rapid food delivery service in 2025. This will position it against Swiggy’s Bolt, Zepto Café, and Blinkit’s Bistro.

BigBasket also aims to expand its product range to over 30,000 items, roll out pharma deliveries via Tata 1mg, and enhance services in Tier 1 cities.

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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.

Bharti Enterprises has sold a part of its stake in Bharti Airtel to repay loans taken for its investment in British Telecom (BT). According to reports, the funds from this stake sale will be used to refinance the debt incurred to acquire a 24.5% stake in BT Group through its international investment arm, Bharti Global.

Details of the Stake Sale

On February 18, Bharti Airtel’s promoter group entity, Indian Continent Investment Ltd, sold 5.11 crore shares, equivalent to a 0.84% stake in the company. This deal was valued at approximately ₹8,485.11 crore.

While Bharti Telecom Ltd, another promoter entity, acquired 1.2 crore shares in the transaction, the remaining shares were sold to investors through a block deal.

Bharti’s Investment in BT

In August 2024, Bharti Global announced plans to acquire 24.5% of UK-based BT Group’s issued share capital from Altice UK for $4 billion. BT Group is the UK’s largest broadband and mobile company, with a market capitalisation of £13.8 billion.

About Bharti Airtel Limited

Bharti Airtel Limited is a multinational telecommunications company from India, headquartered in New Delhi. It operates in 18 countries across South Asia, Africa, and the Channel Islands. The company currently offers 5G, 4G, and LTE Advanced services across India.

As of February 21, 2025, at 2:19 PM IST, Bharti Airtel share price is trading at ₹1,638.70, down ₹4.80 (0.29%) for the day. The stock opened at ₹1,643.50, reached a high of ₹1,658.70, and hit a low of ₹1,636.60. The company’s market capitalisation stands at ₹9.81 lakh crore, with a P/E ratio of 39.83 and a dividend yield of 0.49%. Over the past year, the stock has touched a 52-week high of ₹1,779.00 and a low of ₹1,097.65.

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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.

Divi’s Laboratories share price fell nearly 4% on Friday, February 21, after SBI Mutual Fund reduced its stake in the company.

The stock opened slightly lower at ₹5,960, compared to the previous close of ₹5,978.30. It later declined further, hitting an intraday low of ₹5,756.85, marking a 3.70% drop.

Despite this decline, Divi’s Labs has surged 55.6% in the past year, taking its market capitalisation to ₹1.53 lakh crore. The stock’s 52-week high is ₹6,285.45 (reached on December 3, 2024), while the 52-week low is ₹3,350 (recorded on March 27, 2024).

SBI Mutual Fund Trims Stake

SBI Mutual Fund sold 1,40,560 shares of Divi’s Labs on February 19, reducing its holding from 5.1005% to 5.0476% of the company’s paid-up share capital. The sale was disclosed in an exchange filing on February 20.

Over the past year, SBI Mutual Fund’s stake in Divi’s Labs has decreased by 200 basis points, falling from 7.0869% to 5.0476%.

Other Key Investors

Apart from SBI Mutual Fund, several major investors hold shares in Divi’s Labs:

• Life Insurance Corporation of India (LIC): 6% (as of Q3 FY24)
• Government of Singapore: 2.4%

About Divi’s Laboratories Limited

Divi’s Laboratories Limited is a global pharmaceutical company based in Hyderabad, India. It specialises in producing active pharmaceutical ingredients (APIs) and intermediates, as well as custom synthesis of generic APIs.

Conclusion

While Divi’s Labs saw a drop in share price due to SBI Mutual Fund’s stake reduction, it remains one of the top-performing pharma stocks, gaining over 55% in the past year.

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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.

MTAR Technologies share price dropped 3.7% on Friday, reaching an intraday low of ₹1,416.15 on the BSE. The decline followed a stake purchase by promoter K Shalini, who acquired 1,05,000 equity shares through an open market transaction.

At 11:10 AM, the stock was trading at ₹1,426.6, down 3.05%. In comparison, the BSE Sensex was down 0.72% at 75,191.73. The company’s market capitalisation stood at ₹4,388.16 crore. The stock’s 52-week high is ₹2,200, while the 52-week low is ₹1,207.05.

Promoter Stake & Bulk Deal Activity

According to a regulatory filing, K Shalini stated: “I, K Shalini, promoter of MTAR Technologies Limited, have acquired 1,05,000 equity shares of MTAR from the open market.”

As of December 2024, K Shalini held a 0.99% stake in the company.

Additionally, bulk deal data from the National Stock Exchange (NSE) showed that Graviton Research Capital LLP sold 1,98,816 shares at ₹1,442.13 per share. However, on the same day, the firm also bought the same number of shares at ₹1,441.41 per share.

About MTAR Technologies

MTAR Technologies is a leading precision engineering company that manufactures high-accuracy components and assemblies for key national projects. The company specialises in precision machining, assembly, testing, quality control, and specialised fabrication, with some technologies developed in-house.

Established in 1970, MTAR has played a vital role in India’s civilian nuclear power program, space missions, defence sector, global defence projects, and clean energy industries.

The company operates one of India and Asia’s most advanced machining, assembly, and fabrication facilities, offering a complete range of services under one roof.

In the last year, MTAR Technologies share price has declined by 22%, while the Sensex has gained 4%.

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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.

JSW Energy share price have been on a strong rally, gaining 15.13% over the last 4 trading sessions. On Tuesday, the stock surged 6.11% in intraday trade on the BSE, hitting a high of ₹497 per share.

Meanwhile, the BSE Sensex was down 433 points (0.57%) at 10:25 AM and has dropped 1% over the last four sessions.

Acquisition of KSK Mahanadi Power

JSW Energy recently received NCLT approval to acquire KSK Mahanadi Power Company (KMPCL), a thermal plant in Chhattisgarh. The acquisition is expected to be completed by Q1FY26, pending approval from the Competition Commission of India (CCI).

KMPCL is a 3.6 GW coal-based plant with 1.8 GW operational capacity and an additional 1.8 GW expansion potential. JSW Energy won the bid for the plant at ₹15,990 crore under the insolvency process.

Growth Drivers & Market Position

JSW Energy is expanding its market share in competitive bids and integrating its business models, making it a key player in India’s energy sector. 

Recent Financial Performance

In Q3FY24, JSW Energy’s profit and revenue declined. Net profit fell 32% YoY to ₹157.5 crore, revenue dropped 5.6% YoY to ₹2,400 crore, and EBITDA decreased 21.2% YoY to ₹874.8 crore. The EBITDA margin shrank from 43.7% to 36.5%.

About JSW Steel Limited

JSW Steel Limited, a Mumbai-based multinational steel producer and the flagship company of the JSW Group, became India’s second-largest private steel firm following its merger with Bhushan Power & Steel, Ispat Steel, and Jindal Vijayanagar Steel Limited.

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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.

ITI Limited share price hit the 5% upper circuit at ₹284 on February 21, 2025. The surge came after the company announced a revised order from the AMRCD regarding land transfer.

Land Sale to C-DoT

ITI is set to transfer 22.258 acres of land in Electronic City, Bangalore, to C-DoT for ₹200 crore. The company has already received ₹100 crore as the first payment on February 19, 2025. The remaining amount will be received after completing statutory formalities.

Company Announcement

In an exchange filing, ITI stated, “The company has received a revised order from AMRCD, directing ITI to transfer its land to C-DoT for ₹200 crore through a sale deed.”

ITI Q3 FY25 Results

State-run telecom equipment maker ITI Limited reported a reduced net loss of ₹48.9 crore for the quarter ending December 31, 2024 (Q3FY25), improving from a ₹101.3 crore loss in Q3FY24.

The company’s revenue from operations surged 299.73% year-over-year (YoY) to ₹1,034.5 crore, up from ₹258.8 crore in the same quarter last year. This sharp rise was driven by strong operational performance despite higher raw material costs. At the operating level, ITI lowered its EBITDA loss to ₹10.6 crore in Q3FY25, compared to a ₹43.5 crore loss in the previous year.

About ITI Limited

ITI Limited, formerly known as Indian Telephone Industries Limited, is a government-owned enterprise in India. It operates under the Department of Telecommunications, Ministry of Communications.

At 10:09 AM, ITI share price was trading 3.05% higher at ₹308.90, while the BSE Sensex was up 0.31% at 82,387.36.

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.

Religare Enterprises share price surged 8.52% to an intraday high of ₹242 on February 21, 2025, after the Burman family officially took control of the company. The stock was buzzing in trade as investors reacted positively to the news, marking the end of an 18-month takeover battle.

Burman Family’s Takeover

The Burman family, now the promoters of Religare Enterprises, acquired a 25.2% stake in the company. In a statement, they expressed gratitude to regulators, shareholders, and stakeholders for their support.

The takeover battle began in September 2023 when the Burmans, already holding a 25% stake, made an open offer to buy 26% more at ₹235 per share. However, Religare’s senior management, led by Chairperson Rashmi Saluja, opposed the offer, arguing that the valuation was too low.

Legal Battle and Final Decision

The dispute escalated to various courts, including the Securities Appellate Tribunal (SAT). After receiving approvals from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) in December 2024, the Burmans launched their acquisition bid on January 27, 2025.

A counter-offer was made by Gaekwad, but he failed to deposit the necessary funds to back his bid. Eventually, a Supreme Court ruling on February 7 cleared the way for the Burmans to take full control of Religare Enterprises.

About Religare Enterprises

Religare Enterprises Limited (REL) is a diversified financial services group operating in three main sectors:

• SME Loans
• Affordable Housing Finance
• Health Insurance & Retail Broking

The company operates through various subsidiaries and affiliated entities.

Religare Enterprises has a market capitalisation of ₹7,780 crore, as per BSE data. As of 9:20 AM, the stock was trading 5.34% higher at ₹234.90, while the BSE Sensex was down 0.10% at 75,663.58.

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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.