Sensex Weekly Expiry: IREDA, Tata Elxsi, and 3 More Stocks Under F&O Ban on April 22

On April 21, 2025, the Sensex jumped 1.09%, gaining 855.30 points to close at 79,408.50. The Nifty 50 advanced 1.15%, finishing at 24,125.55.

Market sentiment remained optimistic ahead of the Tuesday weekly expiry, supported by sharp moves in select mid-cap and large-cap stocks.

Sensex Weekly Expiry Day Brings 5 Stocks in F&O 

As the Sensex weekly expiry approaches on Tuesday, April 22, 2025, the National Stock Exchange (NSE) has imposed a trading ban on 5 stocks in the futures and options (F&O) segment. 

The ban was triggered as these securities breached 95% of the market-wide position limit (MWPL). While trading in F&O for these stocks is restricted, they remain available for trading in the cash market.

The stocks under the F&O ban for April 22 include:

1. Indian Renewable Energy Development Agency Ltd (IREDA)

IREDA shares gained 1.36%, closing at ₹175.70 on April 21. The stock opened at ₹173.60, touched an intraday high of ₹176.45, and dipped to a low of ₹171.10.

The traded quantity stood at 8.47 lakh shares with a turnover of ₹14.74 crore. IREDA’s 52-week range spans from ₹137 to ₹310.

2. Angel One Ltd

Angel One shares witnessed a sharp gain of 4.47%, ending at ₹2,461.30. It opened at ₹2,362.20 and soared to an intraday high of ₹2,524.85 before hitting a low of ₹2,355.10.

With a turnover of ₹44.69 crore and traded volume of 1.81 lakh shares, the stock remained actively traded. Its 52-week high and low stand at ₹3,502.60 and ₹1,942.00 respectively.

3. Manappuram Finance Ltd

Manappuram Finance rose 1.86%, closing at ₹233.30. The day’s range saw the stock hitting a high of ₹236.35 and a low of ₹229.00 after opening at ₹229.55.

Total traded quantity was 1.98 lakh shares, translating to a turnover of ₹4.61 crore. Its 52-week low is ₹138.40, while the high remains at ₹247.55.

4. Tata Elxsi Ltd

Tata Elxsi registered a significant jump of 9.08%, ending the day at ₹5,344.55. The stock opened at ₹4,801.00, climbed to ₹5,399.05, and didn’t dip below its open price throughout the session.

The session recorded a turnover of ₹104.23 crore with 1.98 lakh shares traded. Tata Elxsi’s 52-week movement ranges between ₹4,601.05 and ₹9,082.90.

5. Hindustan Copper Ltd

Hindustan Copper gained 4.85%, finishing at ₹220.60. The day’s high was ₹221.40 and the low stood at ₹212.90, after the stock opened at ₹214.05.

With a traded volume of 2.49 lakh shares and turnover of ₹5.42 crore, the stock continues to draw interest. It has a 52-week high of ₹415.60 and a low of ₹183.90.

What is Sensex Weekly Expiry?

The weekly expiry of Sensex options contracts takes place every Tuesday, with the preceding trading day designated as the expiry if Tuesday is a trading holiday.

Contracts are settled at the normal market closing time on the expiry day or later, as determined by the exchange.

If the last Tuesday of the expiry period is a trading holiday, the expiry for individual securities shifts to the previous trading day.

Interestingly, in the MarketWatch display, the expiry date for last week’s contracts is not shown, as these are treated as monthly contracts. Instead, only the month’s name and the strike price are displayed.

Conclusion

The F&O ban list for April 22, 2025, includes five actively traded stocks—IREDA, Angel One, Manappuram Finance, Tata Elxsi, and Hindustan Copper—highlighting significant investor interest and elevated positions in the derivatives market.

With the Sensex continuing its upward momentum and the weekly expiry ahead, traders should remain cautious of high volatility in these counters.

 

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 April 21, 2025: Tech Mahindra, Trent, IndusInd Bank Lead the Surge

On Monday, April 21, 2025, Indian benchmark indices continued their bullish momentum, ending the session with strong gains, supported by fresh buying in banking, IT, and consumer-focused stocks. 

The BSE Sensex rose by 855.30 points (1.09%) to close at 79,408.50, while the NSE Nifty 50 jumped by 273.90 points (1.15%) to settle at 24,125.55, marking another record finish for the indices. 

Here are the top gainers and losers of the day:  

Top Gainers of the Day 

Symbol  Open  High  Low  LTP  %chng 
TECHM  1,304.00  1,389.00  1,303.00  1,374.00  5.14% 
TRENT  5,180.00  5,374.50  5,126.00  5,352.00  4.32% 
INDUSINDBK  802  841.9  798.35  826.95  4.06% 
POWERGRID  310  322  308.45  320  3.56% 
HEROMOTOCO  3,794.00  3,932.50  3,756.00  3,903.40  3.49% 

 

1. Tech Mahindra 

Tech Mahindra led the gainers with a 5.14% rise, ending the session at ₹1,374. Positive sentiment in the IT space and investor confidence in tech earnings helped fuel the rally. 

2. Trent 

Retail player Trent surged 4.32% to close at ₹5,352.00 after hitting a high of ₹5,374.50, driven by continued momentum and strong buying interest in the consumption sector. 

3. IndusInd Bank 

IndusInd Bank jumped 4.06% to ₹826.95. The stock rallied following optimism in the banking sector, especially among private lenders, due to strong Q4 earnings outlook. 

4. Power Grid 

Power Grid gained 3.56% today, closing at ₹320 after hitting an intraday high of ₹322. 

5. Hero MotoCorp 

Hero MotoCorp ended the day 3.49% higher at ₹3,903.40, supported by buying in auto stocks ahead of the monthly sales data. 

Top Losers of the Day 

Symbol  Open  High  Low  LTP  %chng 
ADANIPORTS  1,259.40  1,260.00  1,209.40  1,243.40  -1.27% 
HDFCLIFE  725  725  703.6  712  -1.12% 
ITC  428.05  429.1  421.5  422.95  -1.01% 
HINDUNILVR  2,368.10  2,372.40  2,348.80  2,352.00  -0.97% 
ASIANPAINT  2,465.90  2,470.90  2,441.00  2,444.80  -0.94% 

1. Adani Ports 

Adani Ports was the top loser, slipping 1.27% to ₹1,243.40. The decline came despite positive market breadth, likely due to profit-booking at higher levels. 

2. HDFC Life 

HDFC Life declined 1.12% to ₹712.00, reacting to mixed trends in the insurance sector amid regulatory updates and margin concerns. 

3. ITC 

ITC dropped 1.01% to ₹422.95, extending its recent underperformance, with FMCG stocks seeing subdued demand amid rising input cost commentary. 

4. Hindustan Unilever 

HUL fell 0.97%, closing at ₹2,352.00. Investors appeared cautious on consumption-focused stocks due to mixed rural demand outlook. 

5. Asian Paints 

Asian Paints ended the session at ₹2,444.80, down 0.94%. The stock struggled to maintain momentum after facing resistance at intraday highs. 

Conclusion 

Gains were led by IT, banking, and consumption-driven stocks, highlighting investor optimism around Q4 earnings and economic stability. While a few heavyweights like Adani Ports and ITC witnessed mild corrections, the overall market breadth remained positive. 

 

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.        

 

Government Initiates Recruitment on Deputation for 8th Central Pay Commission Panel

The wheels are finally turning on the long-anticipated 8th Central Pay Commission (CPC), as the Department of Expenditure (DoE) under the Ministry of Finance has officially begun the process of forming the new pay panel. A recent vacancy circular outlines the government’s plan to fill 35 key positions in the commission on a deputation basis.

Centre Begins Filling 35 Posts for 8th Pay Commission Panel

As per the notification dated April 17, 2025, the government is inviting eligible central government employees to apply for these posts. These roles will be filled for the duration of the commission’s existence, and the appointed members will return to their parent departments upon the panel’s dissolution.

Importantly, this hiring will take place on a continuous basis, meaning there is no fixed deadline to complete all appointments. Instead, posts will be filled as suitable candidates are identified. That said, the process is expected to gain momentum in the coming months.

8th Pay Commission Deputation Guidelines

The appointments will follow standard norms outlined by the Department of Personnel and Training (DoPT). Interested central government employees must submit:

  • A nomination/application form.
  • APARs (Annual Performance Assessment Reports) for the last five years.
  • Vigilance clearance and other required documents.

Relevance of the 8th Pay Commission Formation

The move is significant because, despite the January 2025 announcement about the upcoming 8th CPC, the government had not yet formalised the commission or its terms of reference—the guiding framework for its operation. While those details are still awaited, initiating recruitment signals the beginning of formal groundwork.

Once the panel is fully staffed, it will begin its extensive work of reviewing pay scales, allowances, and service conditions for central government employees. The commission will also engage with various departments, employee unions, and stakeholders throughout the process—a task that could take several months.

Read More: 8th Pay Commission Calculator: Here’s What Govt Employees’ Salaries Could Look Like at 2.86 Fitment Factor.

Conclusion

The formation of the 8th Pay Commission has officially commenced with the government moving forward to staff it through deputation. While the exact timeline for implementation and salary revisions remains unclear, this recruitment round represents a concrete step toward rolling out the next wave of salary and allowance reforms for central government employees.

 

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.

Ola, Uber, Rapido to Charge Govt-Approved Fares in Pune from May 1

Starting May 1, 2025, commuters in Pune, Pimpri-Chinchwad, and Baramati using ride-hailing platforms like Ola, Uber, and Rapido will see a change in their fare structure.

In a major move towards fare transparency and regulation, all cabs under these platforms will begin charging fares as per state government-approved rates, similar to the fare structure followed by autorickshaws.

Standardised Fare Structure

As per the newly adopted system:

  • ₹37 will be charged for the first 1.5 kilometers.
  • ₹25 per kilometer will apply thereafter.

This decision was finalised during a recent meeting of cab drivers, according to Keshav Kshirsagar, President of the Indian Gig Workers Front, as per news reports.

To give a practical example, a typical 10 km cab ride will cost around ₹249.50 under the new rates. Currently, the non-surge fare for the same distance hovers around ₹175. For instance, at 9 PM on Friday, the UberGo fare from Ghole Road to Salunke Vihar Road (10 km) was ₹219 — noticeably lower than the upcoming fixed pricing model.

Introducing: OnlyMeter.in

To help implement and monitor this change, the Indian Gig Workers Front is launching a platform called www.onlymeter.in.

  • Each cab will display a QR code linked to the site, along with a brief description.
  • After completing a ride, commuters can enter the distance traveled into the site.
  • The site will instantly calculate the exact fare based on the approved tariff.

Kshirsagar noted that while the system may take some time to gain traction, the group is launching an awareness campaign alongside the implementation to ensure a smooth transition for riders and drivers alike.

Impact on Riders and Drivers

Currently, there are around 45,000 cabs operating under Ola, Uber, and Rapido in Pune and Pimpri Chinchwad. The shift to a regulated fare model is expected to bring greater pricing consistency, reducing the unpredictability of surge pricing often seen on app-based platforms.

While this change might lead to higher fares during off-peak times, it is aimed at ensuring fair compensation for gig workers and reducing fare manipulation on digital platforms.

Read more: Government to Launch “Sahkar Taxi”, A Cooperative Taxi Service Soon. 

Conclusion

This move marks a significant step toward regulated urban mobility in Maharashtra’s key cities. As Pune adopts a more structured fare policy for cab aggregators, the focus is now on public awareness, smooth execution, and fair pricing for both commuters and drivers. Whether this model will be replicated in other cities remains to be seen, but for now, commuters in Pune should prepare for this new fare regime starting May 1.

 

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.

Nifty 50 Surges Past 24,100 Mark on Apr 21; Banking Stocks, FPI Inflows Power Market Rally

The Nifty 50 index kicked off the week with strong bullish momentum, rising 253.65 points or 1.06% at 24,105.30 on Monday, April 21. The index reclaimed the psychologically significant 24,000 mark, supported by robust gains in banking stocks and renewed interest from foreign investors. 

Key Drivers Behind Monday’s Rally 

1. Banking Stocks Lead the Charge 

The Bank Nifty index soared to a new record high of 55,200, as private sector banking giants posted strong Q4 results. Positive management commentary on net interest margins (NIMs), stable asset quality, and valuations added to investor optimism. 

HDFC Bank and ICICI Bank continued to impress the market, lower savings deposit rates and continued loan book strength further reinforced the bullish view on banking names, as per news reports. 

2. Resumption of Foreign Fund Inflows 

After a brief period of net outflows, foreign portfolio investors (FPIs) returned to Indian equities in a big way. In the holiday-shortened week ending April 18, FPIs were net buyers, investing a total of ₹8,472 crore, as per news reports. 

Despite an outflow of ₹2,352 crore on April 15, FPIs poured ₹10,824 crore over the next two trading sessions, according to depository data. 

Sector Contributions: Who Moved the Nifty? 

1. Top Contributors to the Upside 

2. Draggers Pulling the Index Down 

  • ITC (₹421.95): -8.79 points 

Read more: HDFC Bank Share Price in Focus; Posts 10% Growth in FY25 PAT, Declares ₹22 Dividend. 

Conclusion 

Monday’s rally reflects broad-based optimism, supported by solid fundamentals in banking, resumed FPI interest, and a seasonally strong April trend. With Nifty 50 pushing past key resistance levels, all eyes will now be on upcoming earnings reports and global cues to see if the momentum can sustain through the rest of the month. 

 

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. 

Brightcom Group: Check Key Updates from Telangana High Court, SAT on Trading Suspension

Brightcom Group Ltd (NSE: BCG) remains in the spotlight as the company navigates through multiple legal proceedings involving the Telangana High Court (THC) and the Securities Appellate Tribunal (SAT). Here’s a comprehensive look at the most recent developments as of mid-April 2025.

Telangana High Court: Revocation Challenge

Brightcom Group’s legal team is actively pursuing relief in WP8046/2025, a writ petition pertaining to regulatory actions impacting the company.

  • April 14, 2025: The Bombay Stock Exchange (BSE) submitted its Counter Affidavit, marking its first formal response in the case.
  • April 15, 2025 (Morning): Brightcom swiftly filed a Rejoinder within 12 hours of BSE’s filing.
  • April 15, 2025: The matter was scheduled for hearing but could not be taken up due to the court’s workload.
  • Next Steps: Recognising the urgency, the Hon’ble Court scheduled the next hearing for April 22, 2025, the earliest available date.

Telangana High Court: Contempt Case

This matter concerns compliance with earlier court orders related to the revocation of the trading suspension.

  • Current Status: BSE has not yet filed a written response.
  • Hearing Date: April 17, 2025.

Telangana High Court: Challenge to SEBI Final Order

Brightcom Group, along with its Promoter and three senior executives, has challenged the SEBI Final Order dated February 6, 2025.

  • The petition contests the order in its entirety, seeking full relief from the Hon’ble Court.
  • Hearing Date: April 17, 2025 before the Telangana High Court.

Securities Appellate Tribunal (SAT) – Appeal Against SEBI Confirmatory Order

Brightcom has also appealed SEBI’s Confirmatory Order dated February 28, 2024.

  • April 16, 2025: The scheduled hearing was adjourned due to a request from the counsel representing intervenor applicants.
  • Next Hearing Date: The case is now listed for June 30, 2025.

Read More: Brightcom Group Financial Results Soon; Investors Await Q4 FY25 Performance.

Conclusion

The proceedings across the Telangana High Court and the SAT highlight the complexity and seriousness of the regulatory matters the company is currently facing.

Stakeholders will be closely monitoring developments, particularly the court’s observations and any potential impact on the company’s market standing.

 

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.

BHEL Shares in Focus After Record FY25 Order Inflow and 19% Revenue Growth

Bharat Heavy Electricals Limited (BHEL), India’s leading state-owned engineering and manufacturing enterprise, wrapped up FY25 on a high note, reporting significant growth across key operational metrics. In its latest financial update, the company announced a provisional and unaudited revenue of ₹27,350 crore for the fiscal year 2024–25, reflecting a solid 19% year-on-year growth.

Record-Breaking Order Inflows

BHEL’s standout performance was underscored by its record-breaking annual order inflows. For FY25, the company secured new orders worth an all-time high of ₹92,534 crore, pushing its total order book to a massive ₹1,95,922 crore by the end of March 2025. This surge in orders sets a strong foundation for future growth and demonstrates rising demand for BHEL’s capabilities across sectors.

Power Sector Leadership and Industrial Diversification

In the power segment, BHEL maintained its dominant position, securing orders worth ₹81,349 crore. This reaffirms the company’s strategic role in India’s energy infrastructure development. Meanwhile, BHEL’s industrial segment also saw encouraging traction, with fresh orders totalling ₹11,185 crore. 

These include projects across transportation, defence, process industries, and other industrial applications, reflecting the company’s diversified presence beyond power generation.

Operational Milestones

On the project execution front, BHEL commissioned or synchronised 8.1 GW of power generation capacity during the year. This performance highlights the company’s ongoing emphasis on timely delivery, quality execution, and project efficiency.

Strong Outlook for FY26

With double-digit revenue growth, a record order pipeline, and momentum across multiple business verticals, BHEL enters FY26 on a strong footing. The company has reaffirmed its commitment to delivering large-scale infrastructure projects, fostering indigenisation, and creating long-term value for its stakeholders.

Share Price Performance

Bharat Heavy Electricals Limited (BHEL) were trading at ₹226.15, down by ₹1.24 or 0.55% at 11:12 AM on the NSE, from the previous close of ₹227.39. The stock opened the day at ₹226.16 and touched an intraday high of ₹226.74 and a low of ₹220.32.

Read more: BHEL Signs Tech Transfer Deal with BARC for Hydrogen Electrolyser Systems.

Conclusion

BHEL’s strong performance in FY25, marked by record-high order inflows and robust revenue growth, underscores its pivotal role in India’s industrial and infrastructure development. The company’s consistent focus on execution, diversification across sectors, and leadership in the power segment reflect its resilience and adaptability.

 

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.

Jio Financial Shares in Focus On Strong Q4 Performance, Dividend Announcement

Jio Financial Services, a part of the Reliance Industries Group, has been generating significant buzz following the release of its Q4 FY25 results and its first-ever dividend declaration. As the stock rose by 1.5% in early morning trade on April 21, 2025.

Jio Financial’s Q4 FY25 Performance

For the quarter ending March 31, 2025, Jio Financial reported a net profit of ₹316 crore, marking a modest 1.76% year-on-year (YoY) growth from ₹310.63 crore in the same quarter of the previous year. This reflects a positive trajectory despite the challenges the financial services sector has faced.

However, the company did experience a 4.5% decline in its net interest income (NII), which dropped to ₹268.09 crore compared to ₹280.74 crore in Q4 FY24.

Despite this, the overall revenue from operations rose by 18% YoY to ₹493.24 crore. Jio Financial’s pre-provision operating profit also saw an impressive 18% YoY increase, standing at ₹374 crore.

Impressive Growth in Assets Under Management

One of the most notable highlights from Jio Financial’s quarterly report was its remarkable growth in assets under management (AUM). As of March 31, 2025, the company’s AUM had surged to ₹10,053 crore, up from just ₹173 crore at the same time in 2024.

Jio Financial’s strategic initiatives, such as the ₹1,346 crore equity infusion into group companies during FY25, have provided the necessary capital to fuel its expansion and support future growth plans.

These measures have allowed Jio Financial to establish a stronger foothold in the competitive financial services market.

First-Ever Dividend Announcement

In addition to its solid financial performance, Jio Financial also made a major announcement that is sure to please investors – its first-ever dividend declaration. The company’s board of directors recommended a dividend of ₹0.50 per equity share, with a face value of ₹10 per share.

This marks a significant milestone for the company, signalling its financial stability and commitment to sharing profits with shareholders.

Share Price Performance

Jio Financial Services share price traded at ₹247.10, showing a modest increase of ₹0.63 or 0.26% at 10:15 AM on the NSE, from its previous close of ₹246.47. The stock opened at ₹250 and reached a high of ₹250 during the day, while the low was ₹244.50.

Read More: Upcoming Dividends in April 2025: Varun Beverages, RailTel Corp, MSTC & More.

Conclusion

Jio Financial Services has shown resilience in its Q4 FY25 performance, posting modest growth in net profit despite a slight decline in net interest income. The significant increase in assets under management reflects the company’s successful expansion strategy.

The announcement of its first-ever dividend further strengthens its position in the market, signalling financial stability and rewarding shareholders.

 

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.

Gensol Shares Slide to 52-Week Low After SEBI Flags Inactivity at EV Plant

Gensol Engineering share price traded at ₹111.65 at 9:50 AM on the BSE, down ₹5.85 or 4.98% from its previous close of ₹117.50. The stock opened at ₹111.65 and has shown no movement since, with the day’s high, low, and VWAP all at the same level. Notably, the current price also marks a new 52-week low, a sharp fall from its 52-week high of ₹1,125.75.

SEBI Flags Inactivity at Gensol’s EV Plant

The regulatory body noted that no manufacturing activity was observed at Gensol’s electric vehicle (EV) plant in Pune during a recent inspection, sparking doubts about the company’s EV business operations.

These findings were included in SEBI’s interim order dated April 15, which followed a complaint filed in June 2024. The complaint alleged share price manipulation and misuse of funds by Gensol Engineering.

In its order, the markets regulator identified irregularities and misleading disclosures made to investors by the company, which is promoted by brothers Anmol Singh Jaggi and Puneet Singh Jaggi, as per news reports.

Utility Records Suggest Lack of Manufacturing

Further investigation into utility records showed that the highest electricity bill issued by Maharashtra State Electricity Distribution Company (Mahavitaran) over the past 12 months amounted to only ₹1,57,037 in December 2024—a figure considered unusually low for an operational manufacturing unit.

Given these findings, SEBI concluded that no actual production activity had taken place at the leased premises.

SEBI Flags Non-Binding MoUs for EV Sales

This inspection was prompted by a Gensol announcement dated January 28, 2025, in which the company claimed it had received pre-orders for 30,000 units of its newly launched EVs, showcased at the Bharat Mobility Global Expo 2025.

However, SEBI’s review of the company’s supporting documents revealed that these so-called pre-orders were in fact non-binding Memorandums of Understanding (MoUs) signed with nine entities for a total of 29,000 cars—raising doubts about the authenticity and commercial viability of the orders, as per news reports.

Read More: Gensol Engineering Shares Hit 5% Lower Circuit; Anmol Singh Jaggi Resigns Amid SEBI Probe.

Conclusion

The recent SEBI observations have cast serious doubts over Gensol Engineering’s electric vehicle venture, leading to a steep decline in investor confidence. The lack of manufacturing activity, minimal utility usage, and questionable pre-order claims raise significant concerns about the transparency and operational readiness of the company’s EV business.

 

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, Patanjali, Vedanta in Race to Revive JAL: Check Full List of Final Bidders

Jaiprakash Associates’ insolvency process sees major progress as the Resolution Professional shortlists 25 final bidders, including heavyweights like Adani Enterprises, Dalmia Cement, and Patanjali Ayurveda. ARC India, part of the provisional list, is no longer in the running.

25 Final Bidders Announced in JAL Insolvency Process

The corporate insolvency process for Jaiprakash Associates Limited (JAL), a major infrastructure company burdened with debt, has taken a crucial step forward. The Resolution Professional (RP), supported by Deloitte India Insolvency Professionals LLP, has officially released a final list of 25 eligible Prospective Resolution Applicants (PRAs). This list follows an initial round of Expressions of Interest (EoIs) submitted by 26 interested entities.

Key industry players making it to the final shortlist include:

  • GMR Business & Consultancy LLP
  • Patanjali Ayurveda Limited

ARC India, which was included in the provisional list, did not make the final cut.

Resolution Plans to Be Submitted by Shortlisted Bidders

This progress follows the National Company Law Appellate Tribunal (NCLAT)’s decision last year, which upheld NCLT’s order to initiate insolvency proceedings against JAL. The case was brought forward by ICICI Bank, one of the company’s key creditors.

The participation of companies across sectors like cement, infrastructure, real estate, and power suggests a strong interest in JAL’s assets and future prospects.

The next phase in the resolution process involves the submission of detailed resolution plans by the shortlisted PRAs, outlining their respective strategies for reviving the struggling company.

Share Price Performance

Jaiprakash Associates share price was trading at ₹3.51 at 9:35 AM on the NSE, marking a decline of 5.14% or ₹0.19 from the previous close of ₹3.70. The stock opened at ₹3.51 and has so far remained flat, with both the high and low of the day matching the opening price.

Conclusion

The shortlisting of prominent firms like Adani, Vedanta, and Patanjali signals significant market confidence in JAL’s turnaround potential. With resolution plans now on the horizon, the coming months will be crucial in determining the fate of this high-profile insolvency case.

 

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.