Vodafone Idea Share Price Surge Over 5% on Network Expansion News

Vodafone Idea share price saw a sharp rise of over 5% on Thursday, February 13, after the company announced plans to spend ₹10,000 crore to expand its network by the end of March. This marked the end of a three-day losing streak, with the stock opening at ₹8.10 and hitting an intraday high of ₹8.94.

Expansion and Capital Expenditure Plans

Vodafone Idea aims to boost its network spending in the coming months significantly. The company has already spent ₹5,300 crore on capital expenditure (capex) from April to December 2024. The announcement of the ₹10,000 crore network expansion, which is nearly equivalent to its entire spending for the first 9 months of the year, was welcomed by investors.

Handling Regulatory Demands

Despite the Department of Telecommunications (DoT) demanding a ₹6,090 crore bank guarantee by March 10, the optimism surrounding the network expansion helped boost Vodafone Idea’s stock. The company is also seeking ₹35,000 crore in bank funding to support its expansion plans.

Financial Outlook and Debt Management

Vodafone Idea is also negotiating with the government to convert a portion of its outstanding dues into equity. The company owes ₹43,000 crore in dues, but a significant portion of this can be converted into equity under the government’s reforms package.

About Vodafone Idea

Vodafone Idea is a major telecom service provider in India, offering mobility and long-distance services, as well as trading handsets and data cards.

 

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.

 

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Zen Technologies Unveils Advanced Defence Solutions at Aero India 2025

Zen Technologies Limited, a leader in anti-drone technology and defence training solutions, expanded its cutting-edge portfolio at Aero India 2025. The company introduced new combat and training systems designed to enhance battlefield readiness, mission effectiveness, and global security.

New Innovations at Aero India 2025

Zen Technologies showcased a range of next-generation defence solutions on Day 4 of the event, emphasising India’s self-reliance in defence technology and reinforcing its leadership in advanced military technology.

Key New Launches

  1. Drone-Based Attack and Defence in Virtual Simulation (IWTS) – An AI-powered firearms simulator for hyper-realistic combat training for defence and security forces.
  2. Indigenous Propulsion System for UAVs (RPAs) – A modular, hybrid, and fuel-efficient propulsion system that extends endurance and operational efficiency for drones.
  3. Airborne Killer Drone System – A high-speed drone with autonomous target detection, precision strike capabilities, a range of over 100 km, and swarm capabilities.
  4. Tactical Engagement Simulator (TacSim) – An advanced system for force-on-force training with drone engagement features.

Live Demonstrations

Zen’s booth at Aero India 2025 (Hall A, Booth AR 5.1) hosted live demonstrations, offering visitors an interactive experience with AI-driven solutions, VR-based combat training, and real-time battlefield analytics.

Strengthening India’s Global Defence Position

Ashok Atluri, Chairman and Managing Director of Zen Technologies, highlighted the importance of India’s defence advancements and the role of Aero India as a platform for showcasing these solutions. With deployments across the Indian Army, Air Force, and international markets, Zen’s technologies continue to shape military readiness.

About Zen Technologies

Zen Technologies is a pioneer in defence training and anti-drone solutions, with over 30 years of experience. Based in Hyderabad, the company has applied for over 155 patents and shipped more than 1,000 training systems globally. Zen Technologies is known for its innovative solutions tailored to meet the evolving needs of military forces worldwide.

Zen Technologies share price (NSE: ZENTEC) is currently trading at ₹1,467.90, reflecting a rise of ₹19.85 (1.37%) as of 12:35 PM IST on February 13. The stock opened at ₹1,465.00, reached a high of ₹1,529.95, and a low of ₹1,451.20. Over the past 52 weeks, the stock has reached a high of ₹2,627.00 and a low of ₹777.00.

 

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.

P N Gadgil Jewellers Share Price Surge 10% Following Strong Q3 FY25 Results

On February 14, 2025, P N Gadgil Jewellers share price locked in a 10% upper circuit on the BSE at ₹621.05 after the company reported impressive Q3 FY25 results. The stock’s demand spiked following the announcement.

Stock Performance 

At 11:17 AM, P N Gadgil’s share price was up 10% at ₹621.05, while the BSE Sensex increased by 0.51%, reaching 76,559.68. The company’s market capitalisation stood at ₹8,428.17 crore. The stock’s 52-week high was ₹843.8, while the 52-week low was ₹495.25.

Strong Financial Performance in Q3 FY25

P N Gadgil reported a 49% increase in consolidated profit, reaching ₹86.03 crore compared to ₹57.6 crore in the same quarter last year. The company’s revenue grew by 23.5%, amounting to ₹2,435.75 crore, up from ₹1,972.15 crore in Q3 FY24.

Retail, E-Commerce, and Franchise Growth

The retail segment led sales, contributing 77% of the total revenue. The company’s e-commerce segment saw exceptional growth, with a 97.9% increase in revenue to ₹70.5 crore. Franchise revenue also grew by 86.6%, reaching ₹226.4 crore in Q3 FY25. Additionally, the company reported a 25.7% Same-Store Sales Growth (SSSG), showing strong performance from existing stores.

Festive Season Boosts Sales

The festive season had a significant impact, with Navratri sales up by 18% and Diwali sales increasing by over 52.7%. These sales contributed greatly to the company’s growth during the quarter.

Expansion Plans and Future Outlook

Saurabh Gadgil, Chairman & Managing Director of P N Gadgil Jewellers, highlighted the company’s record-high monthly revenue, robust growth in all segments, and expanding customer engagement. The company successfully launched nine showrooms during Navratri, taking the total to 48 stores, with plans to reach 53 by Q4 FY25.

Company Overview

Founded in 1832, P N Gadgil Jewellers is one of Maharashtra’s largest organised jewellery brands, with a strong presence in the region. The company offers a wide range of gold, silver, platinum, and diamond jewellery designed for weddings, engagements, festivals, and daily wear. It currently operates 48 retail stores, including 47 in Maharashtra and Goa and one in the US.

 

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.

Oberoi Realty Share Price in Focus As It Falls 5%, Hits 7-Month Low

Oberoi Realty share price dropped 5% to a 7-month low of ₹1,561 on Thursday following a Supreme Court ruling. The court asked the Maharashtra government to clarify the environmental status of Sahara’s 106-acre plot in Versova, Mumbai. It decided not to review the bids at this time and ordered the return of Oberoi Realty’s ₹1,000 crore deposit.

Supreme Court Decision Affects Oberoi Realty

At 10:45 AM, Oberoi Realty’s stock was trading 2% lower at ₹1,605, while the BSE Sensex rose by 0.64%. The company’s share price has fallen 34% since hitting a record high of ₹2,349.80 in December 2024. The Supreme Court is seeking clarification on whether the land is fully or partially a mangrove forest. It is considering either a joint venture or an outright sale to settle Sahara’s pending dues.

Impact of the Land Deal on Oberoi Realty

The ruling has caused a negative sentiment for Oberoi Realty, as the land presented significant business opportunities. The stock has declined by nearly 30% in less than 2 months due to an overall market correction. 

Mixed Earnings Report and Market Underperformance

Oberoi Realty has underperformed the market recently, falling 22% in the past month after reporting mixed earnings for Q3FY25. The company’s presales were ₹1,900 crore, up 33% QoQ and 144% YoY. Sales in the 360 West project were slower than expected, and other projects faced challenges due to price hikes and limited high-floor inventory.

Looking Ahead: New Developments and Growth Potential

Oberoi Realty is set to launch a new tower in its Borivali project in Q4FY25, with a soft launch expected between mid-February and early March. The company plans to enter new markets like Gurugram, Worli, Tardeo, and Peddar Road in Mumbai, which will contribute a gross development value (GDV) of ₹24,000 crore.

About Oberoi Realty Ltd

Oberoi Realty Ltd, based in Mumbai, is a real estate development firm and a key part of the Oberoi Realty Group. It specialises in residential, office space, retail, hospitality, and social infrastructure projects.

 

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.

New Income Tax Bill 2025: What’s Changing and What Remains the Same

Union Finance Minister Nirmala Sitharaman will present the Income Tax Bill 2025 in Parliament today. The bill aims to simplify tax laws, remove outdated provisions, and make tax compliance easier. If approved, it will replace the Income Tax Act of 1961 and take effect from April 1, 2026.

The bill will then be reviewed by the Parliamentary Standing Committee on Finance, which will hold consultations before it becomes law.

Key Changes in the New Tax Bill

  • Shorter and Simpler Tax Law

The new bill is 201 pages shorter than the existing tax law. The Income Tax Act 1961 currently spans 823 pages, but the new bill will reduce it to 622 pages, making it easier to understand.

  • Introduction of ‘Tax Year’

The term Assessment Year (AY) will be replaced with Tax Year to avoid confusion. For newly established businesses, the tax year will start from the date of their setup.

  • Clarification on Business Taxes

The bill resolves uncertainties around Sections 44AD, 44AE, and 44ADA, which deal with presumptive taxation for businesses and professionals. It introduces the term “profit claimed to have been actually earned” to clarify income computation.

  • New Income Tax Slabs (Proposed)

Annual Income (₹) Tax Rate (%)
Up to ₹4,00,000 No Tax
₹4,00,001 – ₹8,00,000 5%
₹8,00,001 – ₹12,00,000 10%
₹12,00,001 – ₹16,00,000 15%
₹16,00,001 – ₹20,00,000 20%
₹20,00,001 – ₹24,00,000 25%
Above ₹24,00,000 30%

Additionally, under Section 87A, salaried individuals earning up to ₹12 lakh annually will not have to pay income tax due to rebates announced in the Union Budget 2025.

Key Taxation Updates

No Changes in Tax Categories

The bill keeps the 5 existing tax heads unchanged:

  1. Salaries
  2. Income from House Property
  3. Business/Profession
  4. Capital Gains
  5. Other Sources

Deductions for Salaried Individuals

  • Standard Deduction: ₹50,000 or salary amount, whichever is lower.
  • Employment Tax & Gratuity (as per the Gratuity Act, 1972): Fully deductible.
  • Other Gratuity Deductions: Capped at ₹75,000.

Pension and Compensation

  • Government, Defence, and Civil Service Pensions: Fully deductible.
  • Retrenchment Benefits: Deduction limit of ₹50,000.
  • Voluntary Retirement Benefits: Deduction capped at ₹5,00,000.

Other Major Changes

Higher Business Threshold for Presumptive Taxation

  • For businesses: The turnover limit for opting for presumptive tax under Section 44AD has increased from ₹2 crore to ₹3 crore.
  • For professionals: The limit under Section 44ADA has increased from ₹50 lakh to ₹75 lakh.

Taxation on Virtual Digital Assets (VDAs)

  • Cryptocurrencies and other virtual digital assets (VDAs) will now be classified as taxable assets, similar to property, jewellery, and stocks.

Tax Audit Rules

  • Tax audits will continue to be conducted by Chartered Accountants (CAs).
  • Company Secretaries (CS) and Cost Accountants (CMAs) are not authorized for tax audits.

No Major Changes in Capital Gains Tax

  • Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) tax rules remain largely unchanged except for any specific amendments in the Union Budget.

What Stays the Same?

  • ITR filing deadlines remain unchanged.
  • The old tax regime is still available, even though the new tax regime is now the default.
  • The bill aims to reduce tax disputes, simplify compliance, and modernize tax administration.

This new Income Tax Bill aims to simplify and streamline taxation, ensuring transparency and clarity in tax laws.

 

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.

IFCI Q3 FY25 Loss Widens 486% to ₹59 Crore, NII Falls 21%

IFCI Limited, a state-owned non-banking financial company (NBFC), reported a sharp increase in its net loss for the October-December quarter of the financial year 2024-25. IFCI  posted a net loss of ₹59 crore, a 486% rise compared to a net profit of ₹10.06 crore in the same period last year.

Drop in Net Interest Income

Net interest income (NII), which is a key revenue source for non-deposit-taking lenders, declined by 21% year-on-year. It fell to ₹80 crore in Q3, down from ₹101 crore in the corresponding quarter last year.

Revenue Decline

IFCI’s total revenue from core operations decreased by 10% to ₹193 crore, compared to ₹215 crore in the same quarter a year ago, as per its BSE filing.

About IFCI

IFCI, formerly known as the Industrial Finance Corporation of India, is a development finance institution owned by the Ministry of Finance, Government of India. Founded in 1948 as a statutory corporation, it is now a publicly listed company on BSE and NSE. IFCI operates with seven subsidiaries and one associate.

IFCI share price is currently trading at ₹48.91, down 0.16% today. The stock opened at ₹47.85, reaching a high of ₹49.27 and a low of ₹47.20. It has a market capitalisation of ₹12,780 crore and a P/E ratio of 96.91. The 52-week high stands at ₹91.40, while the 52-week low is ₹35.80. Over the past year, IFCI Ltd has declined by 12.55%, but in the last five years, it has surged by 696.10%.

 

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.

GE Power India Posts ₹18.5 Crore Loss in Q3 FY25 on Rising Costs

GE Power India Ltd (GEPIL) reported a consolidated loss of ₹18.5 crore for the December quarter of 2024-25, mainly due to higher expenses. In the same period last year, the company had posted a profit of ₹37 lakh.

Income and Expenses

Total income increased to ₹344.2 crore, up from ₹313.1 crore in the previous year. However, expenses also rose to ₹336.4 crore, compared to ₹304.6 crore last year.

Order Backlog and Key Wins

The company ended the quarter with an order backlog of ₹2,706 crore, which is a 69% increase from ₹1,600.8 crore a year ago. A major highlight was the win of a ₹348 crore contract from NTPC Limited for upgrading the Vindhyachal Steam Turbine.

About GE Power India Ltd

GE Power India Ltd is involved in the engineering, procurement, and construction (EPC) of essential equipment for thermal and hydro power plants. It is a prominent player in India’s power generation equipment sector.

GE Power India share price (NSE: GEPIL) is currently trading at ₹249.00, down by ₹4.00 (1.58%) as of 10:12 AM IST on February 13. The stock opened at ₹248.15, reached a high of ₹249.35, and a low of ₹240.30. The 52-week high stands at ₹646.00, while the 52-week low is ₹230.50.

 

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 Group Secures $207 Million Loan for Australian Coal Port

Adani Group has secured a private credit loan of about A$330 million ($207 million) for its coal port unit in Northern Queensland, Australia. The loan will be used to refinance debt maturing in June, according to sources familiar with the deal.

Lenders Involved

King Street Capital Management and Sona Asset Management are providing the 6-year loan to Adani’s North Queensland Export Terminal Pty. While representatives from Adani and King Street did not comment, Sona Asset declined to respond.

Adani’s Financial Recovery

Securing new debt highlights Adani Group’s recovery after its chairman, Gautam Adani, was indicted in the U.S. over a bribery case in November. Despite an initial drop, the group’s stocks and bonds have regained value.

Adani’s History with Private Credit

Adani has relied on private credit before. Last year, Farallon Capital Management and King Street extended a A$500 million loan to the company.

About North Queensland Export Terminal

The North Queensland Export Terminal, leased for 99 years from the Queensland state government in 2011, is part of Bravus Australia, Adani’s energy and infrastructure arm in the country. The Australian Financial Review had previously reported Adani was seeking this loan.

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.

MRF Shares Price In Focus As It Will Trade Ex-Dividend On February 14, 2025

Tyre maker MRF share price is in focus on Thursday as it has set February 14 as the record date to decide which shareholders will get the dividend. The company has announced an interim dividend of ₹3 per share.

This means today is the final chance for investors to buy MRF shares if they want to receive the announced dividend.

Understanding Ex-Dividend and Record Dates

The ex-dividend date and record date are important for receiving dividends. The ex-dividend date is when a stock starts trading without the dividend benefit. Investors must own the stock before this date to qualify for the payout.

The record date is when the companyfinalisess the list of eligible shareholders based on its records.

Financial Highlights

MRF’s net profit fell 38% year-on-year to ₹315.5 crore, compared to ₹509.7 crore in the same quarter last year. However, other income increased by ₹20 crore to ₹98 crore.

The company’s revenue grew 13.6% to ₹7,000.8 crore, up from ₹6,162.5 crore a year ago. EBITDA dropped 21% year-on-year to ₹835 crore, while the EBITDA margin declined by 500 basis points to 12% from 17% in the previous year’s quarter.

About MRF

MRF, also known as MRF Tyres, is India’s largest tyre manufacturer and a multinational company. It is based in Chennai. The name MRF comes from its early days when it was called Madras Rubber Factory.

As of February 13, 9:44 AM IST, MRF share price stands at ₹1,10,036.35, up ₹642.20 (0.59%) for the day. The stock opened at ₹1,10,000, reaching a high of ₹1,10,135.30 and a low of ₹1,09,039.50. MRF has a market capitalisation of ₹46,670 crore, a P/E ratio of 26.62, and a dividend yield of 0.18%. The stock’s 52-week high is ₹1,51,445, while its 52-week low is ₹1,06,335.

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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.

 

Top Gainers and Losers on February 12, 2025: M&M Falls 3.2%, Bajaj Finserv Gains 2.72% as Markets End Lower

On February 12, 2025, Indian stock markets closed lower after a volatile trading session. The BSE Sensex fell 122.52 points (0.16%) to end at 76,171.08. During the day, it moved between a high of 76,459.72 and a low of 75,388.39.

The NSE Nifty50 also declined, slipping 26.55 points (0.12%) to close at 23,045.25. It touched an intraday high of 23,144.70 and a low of 22,798.35.

Broader markets struggled as well, with both the Nifty Midcap100 and Nifty Smallcap100 indices losing 0.26% each.

Here are the top gainers and losers on February 12, 2024: 

Top Gainers of the Day

Symbol Open High Low LTP %chng
BAJAJFINSV 1,749.00 1,800.85 1,727.25 1,792.25 2.72
SBILIFE 1,427.45 1,466.95 1,407.50 1,448.00 2.04
SHRIRAMFIN 538.55 551.50 527.00 548.6 1.87
HDFCLIFE 618.10 636.90 608.15 628.85 1.66
TATASTEEL 129.35 133.29 128.31 132.25 1.64

Bajaj Finserv

Bajaj Finserv led the gainers, rising 2.72% as it opened at ₹1,749.00, reached a high of ₹1,800.85, and closed at ₹1,792.25.

SBI Life Insurance

SBI Life gained 2.04%, touching a high of ₹1,466.95 before closing at ₹1,448.00.

Shriram Finance

Shriram Finance added 1.87%, opening at ₹538.55 and closing at ₹548.60.

HDFC Life

HDFC Life rose 1.66%, closing at ₹628.85 after touching a high of ₹636.90.

Tata Steel

Tata Steel gained 1.64%, reaching a high of ₹133.29 before settling at ₹132.25.

Top Losers of the Day

Symbol Open High Low LTP %chng
M&M 3,068.55 3,075.00 2,955.10 2,987.10 -3.2
EICHERMOT 4,950.00 5,000.00 4,834.40 4,855.00 -2.36
BEL 264.95 265.75 254 259.4 -2.13
POWERGRID 259.50 262.10 254.00 257.4 -1.55
INDUSINDBK 1,060.45 1,063.95 1,020.25 1,038.00 -1.53

Mahindra & Mahindra (M&M)

M&M led the losers, falling 3.20% after opening at ₹3,068.55 and closing at ₹2,987.10.

Eicher Motors

Eicher Motors declined 2.36%, reaching a low of ₹4,834.40 before closing at ₹4,855.00.

Bharat Electronics Ltd (BEL)

BEL dropped 2.13%, closing at ₹259.40 after touching a low of ₹254.00.

Power Grid Corporation

Power Grid lost 1.55%, closing at ₹257.40 after touching a low of ₹254.00.

IndusInd Bank

IndusInd Bank declined 1.53%, reaching a low of ₹1,020.25 before closing at ₹1,038.00.

 

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.