The week ended Feb 28, 2025, saw the Indian stock market in negative territory, where Nifty 50 closed all 4 sessions in red as markets were shut on Feb 26 on account of Maha Shivratri holiday. During the week, BSE Sensex and Nifty both dropped around 2.5%, with the highest drop of 1.8% at the closing on February 28, 2025.

At the end of the week, i.e., Feb 28, Nifty 50 settled at 22,124.70, down 1.86%, while Sensex dropped 1.9% to 73,198.10.

News Roundup for the Week

• A major factor behind the market downturn has been aggressive selling by foreign institutional investors (FIIs). In 2025, FIIs have already offloaded a net $12.2 billion worth of Indian equities, following $12.3 billion in net sales during the fourth quarter of 2024.
• US President Donald Trump is set to introduce tariffs on Canada and Mexico beginning Tuesday, March 4, 2025, while also doubling the 10% universal tariff on Chinese imports.
• Meanwhile, Tesla is reportedly preparing to enter the Indian market, with plans to set up a manufacturing facility and introduce its EV lineup, as per news reports.

IT and Auto Stocks Lead Decline

• The total market capitalisation of all BSE-listed companies fell by ₹8.9 lakh crore, settling at ₹384.22 lakh crore.
• The Nifty IT index plunged up to 6.5%, mirroring overnight losses on Wall Street due to a sharp decline in Nvidia’s stock. Tech Mahindra, Wipro, and Mphasis emerged as the top losers in the sector.
• Meanwhile, the Nifty Auto index ended nearly 4% lower, while other sectors, including Banking, Metal, Media, FMCG, Pharma, Realty, Consumer Durables, and Oil & Gas, recorded declines ranging from 0.7% to 3.5%.

Conclusion

The Indian stock market ended the week on a negative note, weighed down by FII outflows, global trade concerns, and sectoral declines in IT and auto stocks. The sharp drop in market capitalisation and broad-based sectoral weakness indicate a cautious sentiment among investors.

Looking ahead, key triggers for the upcoming week include Trump’s tariff decisions, upcoming GDP data, FII activity, and global market trends. Investors will also keep an eye on crude oil prices, and central bank policy cues, which could influence market direction in the near term.

 

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

India’s footwear industry is experiencing steady growth, driven by rising consumer demand, increasing disposable income, and expanding retail networks. As the market shifts towards premium and branded footwear, companies are expanding their presence, creating exciting investment opportunities.

The Union Budget 2025-26 introduced a new Focus Product Scheme, aimed at enhancing productivity, quality, and competitiveness in the footwear sector. This initiative will support design capacity, component manufacturing, and machinery for both leather and non-leather footwear.

With an expected ₹4 lakh crore turnover and the potential to generate 22 lakh jobs, the scheme is set to boost industry growth and investment prospects.

With these developments in mind, let’s explore the best footwear stocks in March 2025, based on their 5-year CAGR performance.

Top Footwear Stocks For March 2025 Based on 5Y CAGR

Note: The stocks mentioned above have been sorted based on 5Y CAGR as of February 28, 2025.

Overview of 5 Best Footwear Companies Based on 5Y CAGR

1. Lehar Footwears Ltd

Lehar Footwears Ltd., established in 1995, the company specialises in rubber, PU, PVC, EVA, and TPR sole footwear, catering to a diverse market. With an annual production capacity of 6.94 crore pairs

Key Metrics:

• ROE: 6.86%
• ROCE: 12.15%

2. Mirza International Ltd

Mirza International Ltd. is a leading footwear manufacturer and exporter, known for its premium brands like Red Tape.

Mirza International reported a 43% QoQ revenue decline, with total income dropping to ₹114.92 crores. The company posted a net loss of ₹5.69 crores, reflecting a 229.3% YoY decline.

Key Metrics:

• ROE: 2.22%
• ROCE: 4.82%

3. Liberty Shoes Ltd

Liberty Shoes Ltd. is one of India’s leading footwear manufacturers, known for its diverse range of casual, formal, sports, and fashion footwear.

The company operates six state-of-the-art manufacturing units across India, producing over 50,000 pairs of shoes daily. With its emphasis on quality and evolving fashion trends

Key Metrics:

• ROE: 5.48%
• ROCE: 9.44%

4. Khadim India Ltd

Khadim India Ltd. is one of India’s leading footwear retailers, specialising in affordable and stylish footwear for a wide consumer base.

Established in 1981 and with a strong pan-India presence, Khadim operates through over 800 retail stores, making it one of the largest footwear retail chains in the country.

Key Metrics:

• ROE: 2.70%
• ROCE: 10.04%

5. Super House Ltd

Super House Ltd. is a leading manufacturer and exporter of leather footwear, accessories, and finished leather products.

Established in 1982, with ten state-of-the-art manufacturing units across India, Super House Ltd. caters to top global brands and has a strong foothold in Europe, the USA, and the Middle East.

Key Metrics:

• ROE: 2.70%
• ROCE: 6.06%

Top Footwear Stocks Based on Market Capitalisation

Note: The stocks mentioned above have been sorted based on market capitalisation as of February 28, 2025.

Best Footwear Stocks For March 2025 Based on Net Margin

Note: The stocks mentioned above have been sorted based on net margin as of February 28, 2025.

Best Footwear Stocks For March 2025 Based on Debt to Equity

Note: The stocks mentioned above have been sorted based on debt to equity as of February 28, 2025.

Conclusion

For investors, factors such as 5-year CAGR, market capitalisation, net profit margins, and debt-to-equity ratios are crucial in assessing the best footwear stocks. While high-growth companies like Lehar Footwears and Mirza International offer strong returns, established brands like Bata India and Metro Brands provide stability.

As the market continues to evolve, long-term investors should focus on financial fundamentals, industry trends, and policy support to make informed investment decisions in the footwear sector.

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

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

Shares of Bandhan Bank and AU Small Finance Bank rallied after the RBI reduced risk weights on microfinance loans from 125% to 75%. The move eases capital pressure, improves lending capacity, and boosts investor sentiment, benefiting banks with high exposure to microfinance.

RBI’s Decision: A Relief for Microfinance-Focused Banks

The RBI recently reduced the risk weight on microfinance loans from 125% to 75%, easing capital requirements for banks.

This means financial institutions no longer need to set aside as much capital for these loans, improving their Common Equity Tier-1 (CET-1) ratios and making capital management more efficient.

Which Banks Benefit the Most?

Banks with significant exposure to microfinance, such as Bandhan Bank, IndusInd Bank, RBL Bank, and IDFC First Bank, gained the most from this regulatory rollback, as per news reports.

The improved capital position allows them to operate more efficiently without the immediate need to raise additional funds.

Impact on NBFCs and the Lending Market

Beyond banks, the reduction in risk weights could also benefit non-banking financial companies (NBFCs). Since banks now have a lower capital requirement for microfinance loans, they may offer lower lending rates to NBFCs, as per news reports.

This would reduce borrowing costs for NBFCs, helping them recover margins and sustain profitability.

Banks’ Share Price Performance

Shares of Bandhan Bank and AU Small Finance Bank (SFB) witnessed positive momentum on February 28, 2025. Bandhan Bank’s stock rose 1.90% to ₹139.49 at 11:30 AM on the NSE, hitting an intraday high of ₹139.65, compared to its previous close of ₹136.89. The stock opened at ₹135.50 and touched a low of ₹134.06 before rebounding.

AU Small Finance Bank, on the other hand, saw a marginal gain of 0.08%, trading at ₹557.15, after reaching a high of ₹565.00 during the session. The reduced capital burden on microfinance loans has improved investor sentiment, particularly benefiting banks with high exposure to the sector.

Conclusion

The RBI’s decision to lower risk weights on microfinance loans has provided a major boost to banking stocks, particularly those with heavy exposure to the sector. With improved capital efficiency, banks like Bandhan Bank, RBL Bank, and IndusInd Bank can now operate more effectively.

Additionally, NBFCs could see a positive ripple effect as banks may extend lower borrowing costs. As the financial sector adapts to these regulatory changes, investors will be watching closely to see how banks and NBFCs capitalise on the newfound flexibility in capital management.

 

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.

Vodafone Idea (Vi) has launched its 5G trials in Mumbai, allowing select users to experience unlimited high-speed data at no extra cost. With a full rollout planned around Holi, Vi aims to expand its network across key cities, as per news reports. Check if you’re eligible for free 5G access!

Vodafone Idea Gears Up for 5G Rollout

In a significant step towards its 5G expansion, Vodafone Idea (Vi) has switched on its 5G network in Mumbai as part of a trial phase. The initiative enables a limited group of users to experience ultra-fast connectivity at no additional cost before the nationwide commercial launch.

As per Moneycontrol news report, users who receive a notification from Vi Care or notice a 5G signal on their devices may be eligible for the trial.

Who is Eligible for Vodafone Idea’s Free 5G Data?

Select Vodafone Idea (Vi) users in Mumbai can enjoy free unlimited 5G data during the trial phase. Eligibility is determined by Vi, and users will receive an SMS from Vi Care or notice a 5G signal on their devices if they qualify, as per Moneycontrol news report.

To access the trial, customers must have a 5G-compatible smartphone and a 5G-ready SIM (existing 4G SIMs are compatible). However, if users move out of the 5G coverage area, their connection will automatically switch back to 4G, consuming data from their existing plan.

With this move, Vodafone Idea joins the ranks of Reliance Jio and Bharti Airtel in expanding 5G services across India.

Massive Investments to Strengthen Network Capabilities

Vodafone Idea has significantly ramped up capital expenditure, tripling its spending to ₹5,300 crore in the first nine months of FY25. The company has set a target of ₹10,000 crore for the full fiscal year, focusing on network expansion and technology upgrades.

In its Q3 results, the company reported the largest-ever broadband tower expansion, adding over 4,000 new broadband sites—the highest since its merger.

Vodafone Idea Share Price Performance

Vodafone Idea Limited’s share price witnessed a decline of 2.56% at 10:25 AM on the NSE on February 28, 2025, trading at ₹7.60. The stock opened at ₹7.75 and reached an intraday high of ₹7.76, while the lowest point was ₹7.49.

Conclusion

Vodafone Idea’s 5G trials in Mumbai mark a critical step toward its commercial rollout. With a phased launch strategy and significant investments in network infrastructure, Vi is positioning itself to compete with Jio and Airtel in India’s growing 5G market.

However, the company’s success will depend on its ability to scale operations, improve service quality, and attract new subscribers as it expands nationwide.

 

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.

India’s domestic aviation sector witnessed an 11% surge in passenger traffic in January, reaching 1.46 crore flyers. IndiGo strengthened its lead at 65.2% market share, while Akasa Air gained slightly. Meanwhile, the Air India Group and SpiceJet saw declines, as per the Directorate General of Civil Aviation (DGCA) report, which was released on February 27, 2025.

IndiGo Strengthens Its Market Position

IndiGo continued to dominate the domestic airline market, increasing its market share from 64.4% in December 2024 to 65.2% in January. The Air India Group, comprising Air India, Air India Express, and Vistara, saw a slight decline in market share, dropping from 26.4% to 25.7%.

Other airlines showed mixed trends. Akasa Air registered a marginal rise in market share, growing from 4.6% to 4.7%, while SpiceJet’s market presence slightly dipped from 3.3% to 3.2%.

Declining On-Time Performance Across Airlines

Punctuality remained a challenge for all airlines in January, with none managing to exceed the 80% on-time performance (OTP) mark at major metro airports, including Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, and Kolkata.

IndiGo led the pack with a 75.5% OTP, followed by Akasa Air at 71.5%. The Air India Group posted a 69.8% OTP, while SpiceJet lagged at 54.8%.

High Flight Cancellations Impact Passengers

Flight cancellations remained a concern, with the overall cancellation rate for scheduled domestic flights reaching 1.62% in January. Among the worst performers, Fly Big recorded the highest cancellation rate at 17.74%, followed by Fly91 (5.09%) and Alliance Air (4.35%).

In total, 41,119 passengers were affected by cancellations, prompting airlines to compensate ₹46.46 lakh in refunds and facilities. Flight delays also took a toll, impacting 1,78,934 passengers and resulting in facilitation payouts amounting to ₹2.38 crore.

InterGlobe Aviation and SpiceJet Share Price Performance

On February 28, 2025, shares of InterGlobe Aviation Ltd (IndiGo) traded at ₹4,436.20 at 10:00 AM on the NSE, reflecting a slight decline of ₹7.20 (-0.16%) from the previous close of ₹4,443.40. The stock opened higher at ₹4,469.90, peaked at ₹4,498.20, and hit a low of ₹4,403.30.

Meanwhile, SpiceJet Ltd saw a more significant drop, trading at ₹43.45, down ₹1.27 (-2.84%) from its previous close of ₹44.72. The stock opened at ₹43.50, reached a high of ₹43.72, and dipped to a low of ₹42.50 on the BSE.

Conclusion

India’s aviation sector continues to show strong growth, with IndiGo extending its dominance in the market. However, declining on-time performance and a rise in cancellations indicate operational challenges that airlines must address to maintain customer satisfaction.

As the demand for domestic travel rises, improving efficiency and reliability will be key to sustaining this momentum.

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.

Jindal Stainless Limited (NSE: JSL) has acquired AGH Dreams Private Limited and Utkrisht Dream Ventures Private Limited for ₹1 lakh each. The acquisition, approved on February 27, 2025, aims to support JSL’s expansion into industrial project development, strengthening its future growth strategy.

Jindal Stainless’ Acquisition Details

Jindal Stainless Limited (JSL), a leading stainless steel manufacturer, has announced the acquisition of 100% equity stake in AGH Dreams Private Limited (ADPL) and Utkrisht Dream Ventures Private Limited (UDVPL). Each company was purchased for ₹1 lakh through a cash transaction, making them wholly-owned subsidiaries of JSL.

The acquisition was not classified as a related-party transaction, meaning no promoters, group companies, or related entities had any prior interest in these firms, the company said in a press release on the stock exchanges.

Purpose and Strategic Intent 

Both acquired companies belong to the industrial project development sector. Since they were recently incorporated in February 2025, they have no turnover or business operations yet. JSL has indicated that these acquisitions will be used to explore new expansion projects, allowing the company to diversify and strengthen its industrial footprint.

Financial and Regulatory Aspects

• Date of Acquisition: February 27, 2025.
• Acquisition Cost: ₹1 lakh each (10,000 equity shares at ₹10 per share).
• Consideration Type: Cash.
• Regulatory Approvals: Not required.
• Shareholding Acquired: 100%.

Background of the Acquired Companies

• AGH Dreams Private Limited (ADPL): Incorporated on February 12, 2025.
• Utkrisht Dream Ventures Private Limited (UDVPL): Incorporated on February 14, 2025.
• Both companies were registered under the Companies Act, 2013 and are based in India.
• Turnover: Nil, as they are newly incorporated entities.

Jindal Stainless’ Share Price Performance

Jindal Stainless Limited’s share price traded at ₹591.65 at 9:30 AM on the NSE, reflecting a decline of ₹4.90 or 0.82% from the previous close of ₹596.55. The stock opened at ₹595.00, hitting an intraday high of ₹595.00 and a low of ₹580.10.

Conclusion

Jindal Stainless Limited’s acquisition of AGH Dreams and Utkrisht Dream Ventures marks a strategic expansion into industrial project development. While both companies are currently non-operational, JSL’s move underscores its long-term vision for growth and diversification in industrial 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.

As of 8:20 AM, GIFT Nifty futures were down by 34 points at ₹22,521. In the previous session, the BSE Sensex rose by 10.31 points, to 74,612.43, while the NSE Nifty50 ended flat at 22,545.05.

Here are key stocks to watch today:

Tata Power 

Tata Power Renewable Energy Ltd’s (TPREL) subsidiary, TP Solar Ltd, has secured a contract from the Solar Energy Corporation of India (SECI) to supply 292.5 MWp domestic content requirement (DCR) solar modules under the CPSU Scheme Tranche-III. The contract, valued at approximately ₹632 crore.

Coal India

Coal India, the coal mining giant has introduced a uniform levy of ₹300 per tonne across all mines under its subsidiary, Northern Coalfields Ltd (NCL). Effective May 1, 2025, this “Singrauli Punarasthapan Charge” is expected to generate an additional ₹3,877.50 crore in revenue, being imposed over existing coal prices.

GE Power

GE Power has bagged an additional contract worth ₹273.5 crore from GREENKO KA01 IREP Private Ltd. This agreement, part of the Saundatti Hydro Project in Belagavi, Karnataka, involves engineering, manufacturing, procurement, supply, installation, and testing of electromechanical equipment.

LIC

LIC, the state-owned insurance major has received a GST demand order worth ₹479.88 crore from Mumbai’s Deputy Commissioner of State Tax for the financial year 2020-21. The demand includes ₹242.23 crore in GST, ₹213.43 crore in interest, and ₹24.22 crore as a penalty.

Transrail Lighting

Transrail Lighting announced securing new orders worth ₹2,752 crore, primarily in the transmission and distribution (T&D) segment. The firm also disclosed plans to establish a new manufacturing unit to cater to rising demand, with an order book currently standing at ₹10,300 crore and an additional ₹3,400 crore in potential contracts.

HCLTech

HCLTech has signed a strategic agreement with Children’s Minnesota, a leading non-profit pediatric health system in the US. The company will implement AI-driven operational solutions to enhance service efficiency and patient care through its HCLTech AI Force platform.

Conclusion

The stock market on February 28, 2025, is set to be influenced by key developments in companies like Tata Power, LIC, Coal India, and HCLTech. Major contracts, regulatory challenges, and strategic partnerships are shaping investor sentiment.

While these stocks may see movement, market participants should conduct thorough research before making investment 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.