Top Gainers and Losers on February 03, 2025: Bajaj Finance, Shriram Finance Shine

On February 3, 2025, the Indian stock market benchmark index BSE and the Nifty closed in the red. The BSE Sensex was down by 0.41% closing at 77,186.74, while the Nifty50 was down by 0.52% at 23,361.05. Among sectors, the Nifty Metal and Nifty FMCG witnessed a more than 1.5% decline.

Top Gainers of the Day

Symbol LTP % Change Volume
Bajaj Finance 8410 5.12 43,36,516
Shriram Finance 5,48.05 3.06 74,41,886
M&M 3,169 3 36,63,457
Wipro 313.1 2.72 1,48,74,628
Bajaj Finserv 1,794.75 2.32 29,18,007

  • Bajaj Finance Limited

Bajaj Finance Limited reached a high of ₹8,439.30 and closed at ₹8,410, reflecting a 5.12% increase.

  • Shriram Finance Limited

Shriram Finance touched a high of ₹558 and ended at ₹548.05, marking a 3.06% rise.

  • Mahindra & Mahindra Limited

Mahindra & Mahindra’s share price peaked at ₹3,187.95, closing at ₹3,169, up by 3%.In January 2025, Mahindra experienced a 16% growth in total sales, driven mainly by robust SUV sales, a notable increase in exports, and a strong focus on expanding its electric vehicle offerings.

  • Wipro Limited

Wipro’s stock hit a high of ₹314 and finished at ₹313.10, with a 2.72% increase.

  • Bajaj Finserv Limited

Bajaj Finserv’s share price reached a high of ₹1,805 and closed at ₹1,794.75, gaining 2.32%.

Top Losers of the Day

Symbol LTP % Change Volume
Larsen & Toubro 3,285.95 -4.69 60,76,160
Tata Consumer Products 1,037 -3.07 12,98,383
Hero MotoCorp 4,270.8 -2.98 8,46,052
Coal India 374.2 -2.88 76,89,362
Bharat Electronics 273.8 -2.84 4,17,79,067

  • Larsen & Toubro Limited

L&T’s stock recorded a low of ₹3,270, closing at ₹3,285.95, showing a decrease of 4.69%.

  • Tata Consumer Products Limited

Tata Consumer Products Limited’s stock reached a low of ₹1,033.65, closing at ₹1,037, down by 3.07%.

  • Hero MotoCorp Limited

Hero MotoCorp’s stock peaked at ₹4,430 and ended at ₹4,270.80, reflecting a decrease of 2.98%. Hero MotoCorp saw a 2.14% rise in total sales, reaching 442,873 units in January 2025, up from 433,598 units in the same month of 2024.

  • Coal India Limited

Coal India’s stock saw a low of ₹366.50, closing at ₹374.20, down by 2.88%. Coal India’s production in January 2025 was 77.8 million tonnes (mt), marking a 0.8% decrease compared to 78.4 mt in January 2024.

  • Bharat Electronics Limited

BEL’s stock hit a low of ₹263.30, closing at ₹273.80, down by 2.84%.

 

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.

TDS Limit on Fixed Deposit Interest Hiked for General and Senior Citizens in Budget 2025

In the Union Budget 2025, the government increased the tax deduction at source (TDS) limit for interest earned on fixed deposits. For general citizens, the threshold rises to ₹50,000 from ₹40,000, while for senior citizens, it is raised to ₹1 lakh, doubling the previous limit.

This move aims to simplify tax deductions and reduce the tax burden on depositors, particularly retirees. The change takes effect in April 2025.

Union Budget 2025 TDS Reforms

In a significant change announced in the Union Budget 2025, the government has proposed raising the TDS (Tax Deducted at Source) threshold for interest income from fixed deposits (FDs).

From April 2025, non-senior citizens can claim the first ₹50,000 of interest income without TDS, up from ₹40,000. For senior citizens aged 60 or above, the exemption increases from ₹50,000 to ₹1 lakh. This move aims to reduce the tax burden on FD holders, especially retirees who rely on FD interest for income.

How TDS Works on Fixed Deposit Interest

TDS applies when the interest earned on a fixed deposit exceeds the set threshold for the financial year. Banks deduct TDS at a rate of 10% if the account holder provides their PAN details. Without a PAN, the deduction rate rises to 20%.

Let’s take the example of Arun, a 40-year-old resident of Pune. He earns ₹80,000 annually in FD interest. With the revised TDS limit of ₹50,000, banks will deduct 10% TDS on the amount exceeding ₹50,000, i.e., ₹30,000. Therefore, TDS of ₹3,000 (10% of ₹30,000) will be deducted from his interest earnings.

For senior citizens like Arun’s father, who is 65 years old, the limit has been raised to ₹1 lakh. Therefore, he would not have any TDS deductions on interest income of up to ₹1 lakh, which is a huge relief, especially for retirees.

Tax Benefits and Practical Implications of Budget 2025

The changes proposed in Budget 2025 simplify the tax filing process and offer senior citizens a higher exemption limit, reducing the need for tax filings if the interest falls under the new limits. The reform allows depositors to retain more of their interest earnings.

Arun, in this case, would be able to claim the TDS deduction when filing his income tax returns. Additionally, with the tax exemption for senior citizens FD earnings up to ₹1 lakh, retirees will experience increased financial security and a reduced tax burden.

Conclusion

Budget 2025’s hike in TDS thresholds for fixed deposit interest is a significant step toward easing the tax burden on both senior and non-senior citizens. This change will not only provide greater financial relief but also streamline the process of tax deductions.

By increasing the limit, especially for senior citizens, the government is ensuring that more money stays in the hands of individuals who depend on interest income.

 

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.

Union Budget 2025 Simplifies Taxation for Homeowners with Two Self-Occupied Properties

The 2025 Union Budget proposes removing conditions for homeowners to claim nil tax on two self-occupied properties. This simplifies the annual property value calculation and supports taxpayers with diverse housing needs.

Budget 2025 Eases Tax on Two Homes

In Budget 2025, Finance Minister Nirmala Sitharaman introduced a major tax relief for homeowners with two self-occupied properties. The proposal allows them to claim the annual value of both properties as nil, removing the previously required conditions, such as needing to live elsewhere for work.

This move aims to simplify tax filings and provide more flexibility for taxpayers who may be unable to occupy their second property for various reasons. Experts believe this decision will encourage real estate investment and ease the financial burden on the middle class.

Elimination of Restrictions on Tax Benefits for Second Homes

Previously, homeowners could only claim the notional value of their second house as nil if they were working elsewhere. This restriction has now been eliminated, giving people the ability to claim tax benefits regardless of their specific situation.

According to experts, the government’s decision is a step forward in reducing complexities and offering greater financial empowerment to the taxpayer. The change aligns with the government’s broader vision of improving ease of living and simplifying the tax structure for all, especially those in the middle class.

This reform is expected to provide a significant tax benefit for those owning two properties, fostering more equitable financial opportunities across diverse housing situations. Additionally, it supports the real estate sector and reduces confusion surrounding property taxation.

Conclusion

Budget 2025 introduces a significant shift in property tax policy, offering greater clarity and ease for homeowners with two self-occupied properties. By eliminating previous restrictions, this reform not only simplifies the tax process but also enhances financial flexibility for middle-class taxpayers.

The change is expected to encourage more equitable tax treatment across various housing situations and promote real estate investment.

 

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.

Coal India Shares Drop for 2nd Day as Production Growth Lags Behind FY25 Target

Shares of Coal India declined for the second consecutive day due to concerns over its ability to meet the FY25 production target of 838 MT. The company’s production is lagging, and a 37% increase is needed in Q4.

Coal India’s Subsidiaries Underperform

As of January, Coal India had produced 621.1 MT of coal, 1.8% higher than the same period last year, but still only 74.1% of the annual target. To meet the target, production must increase by 37% in the final quarter of FY25. As per news reports five of Coal India’s subsidiaries have missed their production targets for the first nine months of FY25.

Coal India’s January Production Declines 

Coal India Ltd (CIL) reported a 0.8% year-on-year decline in its coal production for January, with output falling to 77.8 million tonnes (MT) from 78.4 MT in the same month last year. This marks the company’s first monthly production drop.

Despite this, CIL remains optimistic about a strong recovery in the final quarter of FY25.

The company’s output growth from April 2024 to January 2025 stands at 1.8%, reaching 621.1 MT compared to 610.3 MT in the same period last year. CIL’s coal offtake in January increased by 2.2% to 68.6 MT from 67.1 MT year-on-year, and for the fiscal year-to-date, it has seen a 1.8% rise in offtake, totalling 630.2 MT.

The primary contributors to the production decline in January were South Eastern Coalfields Ltd (SECL) and Bharat Coking Coal Ltd (BCCL), with SECL’s output falling by 11.8% to 17.4 MT from 19.7 MT in January 2024.

Share Price Performance

As of February 3, 2025, Coal India Ltd (CIL) experienced a significant decline in its share price, dropping by ₹12.00 or 3.11%, closing at ₹373.30 compared to ₹385.30 the previous day. During the day, the stock traded between ₹366.50 and ₹384.15, with an indicative close of ₹371.74. This decline follows a 2.7% drop in the previous session.

 

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 Forex Reserves Remain Robust, 4th Largest Globally: Economic Survey

India’s forex reserves totalled $640.3 billion by December 2024, sufficient to cover 90% of external debt and nearly 11 months of imports. Despite a dip, India remains the 4th largest reserves holder globally.

India’s Foreign Exchange Reserves Remain Strong

As per the Economic Survey, India’s foreign exchange reserves amounted to $640.3 billion by December 2024, providing a strong buffer against external debt and vulnerabilities. These reserves cover approximately 90% of India’s external debt, which stood at $711.8 billion in September 2024, and nearly 11 months of imports.

Global Rank and Composition of Reserves

India continues to hold its position as the fourth-largest holder of forex reserves globally, following China, Japan, and Switzerland. Despite a nearly $70 billion dip from their peak, India’s reserves remain robust. The reserves are largely bolstered by positive capital inflows, contributing to an increase of $27.1 billion in 2024.

Shifting Global Reserve Landscape

The Economic Survey also notes ongoing changes in the global foreign exchange reserve system, with emerging market central banks increasing gold bullion holdings. These shifts are part of a broader trend toward reduced reliance on the U.S. dollar and the rise of non-traditional currencies, as highlighted by an IMF study.

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.

K.P. Energy Share Price Rises for the 5th Session; Wind Power Project Commissioned

K.P. Energy sees a 5-day share price rise after successfully commissioning 25.8 MW of a 28.6 MW wind power project in Bharuch. The company’s total renewable energy capacity now stands at 45.7 MW, the company said in a press release on the stock exchanges.

Continued Growth in IPP Capacity

The company has successfully commissioned 25.8 MW out of the total 28.6 MW capacity at its wind power project located at the Vagra site in Bharuch. This achievement represents significant progress in the company’s renewable energy portfolio.

With the completion of this project, K.P. Energy’s total independent power producer (IPP) capacity now stands at 45.7 MW. The company is also working on commissioning the remaining 2.8 MW capacity by the end of this month.

Share Price Performance

K.P. Energy Limited’s share price is currently trading at ₹419.95, showing an increase of ₹5.20, or 1.25%, from its previous close of ₹414.75. The stock opened at ₹413.00 and reached a high of ₹435.45, with a low of ₹404.50 during the session. The stock price has gained close to 20% in recent sessions.

Recent Development

Last month, K.P. Energy successfully commissioned a 6.3 MW (Phase-XI) ISTS-connected Wind Power Project at the Sidhpur site in Devbhoomi Dwarka.

This project, comprising three 2.1 MW wind turbine generators (WTGs), is part of the 250.8 MW wind power project awarded to Apraava Energy Private Limited by Solar Energy Corporation of India (SECI).

With the commissioning of Phase-XI, the total commissioned capacity at the Sidhpur site stands at 252 MW, exceeding the originally awarded capacity of 250.8 MW.

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.

Sun Pharmaceutical Share Price in Focus; Drops for the Second Straight Day

Sun Pharmaceutical’s share price traded at ₹1,738.35 at 10:50 AM on the NSE, showing a marginal decline of ₹3.85 or 0.22% from its previous close of ₹1,742.20. The stock opened higher at ₹1,781.45 and reached a high of ₹1,785.90 during the session. However, it experienced a pullback, dipping to a low of ₹1,734.75.

Sun Pharma Q3 Results: Strong Performance

Sun Pharmaceutical Industries posted strong results for Q3 FY25. Despite this, there are concerns about the delayed launch of its hair loss drug, Leqselvi, and a reduction in research and development (R&D) spending.

The company has revised its FY25 R&D guidance to below 7% of sales, citing delays in clinical trials. While this adjustment is expected to improve short-term earnings, it may affect the company’s long-term product pipeline.

Leqselvi Launch Faces Uncertainty

A significant concern for Sun Pharma is the postponed launch of Leqselvi, a specialty treatment for hair loss. The company has indicated that oral arguments in the ongoing patent case are scheduled for April 2025.

Should the ruling be unfavourable, the launch could be pushed back to December 2026, when the patent expires. This delay is becoming a growing issue, despite the specialty business’s overall solid performance.

Sun Pharma Acquires Antibe Therapeutics

Sun Pharmaceutical Industries entered into a definitive agreement to acquire 100% shares of Antibe Therapeutics Inc., a clinical-stage biotechnology firm based in Ontario, Canada.

Antibe, which primarily focuses on developing drugs to alleviate pain and inflammation, is currently under court-managed liquidation. The acquisition will take place under a reverse Vesting Order, with certain assets and liabilities being transferred to a residual company before closing.

The deal, which requires approval from the Ontario Superior Court of Justice, is expected to be completed by March 7, 2025. As of now, the financial details of the transaction, including the acquisition cost, are undisclosed and will be revealed once finalised.

 

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.

Aarti Industries Shares Break 4-Session Gaining Streak; Q3 FY25 Net Profit Drops 63%

Aarti Industries’ share price is currently at ₹453, marking a decline of ₹6.65 (1.45%) from the previous close of ₹459.65. The stock had gained over 11% in the last four trading sessions. It opened at ₹445.05, hit a high of ₹460.80, and a low of ₹428.50 during today’s session.

Aarti Industries Q3 FY25

Aarti Industries reported a significant 63% year-on-year drop in its net profit, which stood at ₹46 crore for Q3 FY25, compared to ₹124 crore in the previous year. This decline was primarily attributed to higher finance costs and increased expenses.

Despite the drop in profit, the company’s revenue for the quarter showed a positive growth of 6%, rising to ₹1,840 crore from ₹1,732 crore in the same quarter last year. However, EBITDA decreased by 11.2% year-on-year to ₹231 crore, reflecting pressure on margins which fell from 15% to 12.6%.

Outlook and Future Plans

Aarti Industries highlighted strong volume growth and improved product mix as key contributors to its performance despite market challenges. Exports saw sequential growth, while domestic volumes remained stable across most applications.

CEO and Executive Director, Suyog Kotecha, expressed confidence in the company’s position moving forward, emphasising risk mitigation through cost efficiencies, product diversification, and expansion into high-growth global markets including the US, Europe, and Japan.

The company remains focused on its innovation pipeline and sustainability efforts to capitalise on future opportunities.

Aarti Industries Enters Renewable Energy Sector

In January, Aarti Industries entered into a “Share Subscription and Shareholder’s Agreement” with Prozeal Green Power Private Limited and Pro-Zeal Green Power Seven Private Limited.

The agreement involved the acquisition of 26.25% equity shares and compulsory convertible debentures (CCDs) in Pro-Zeal Green Power Seven Private Limited, an SPV for developing a 9.24 MW solar power plant to meet part of Aarti Industries’ power requirements.

This move aligns with the company’s strategy to source power from renewable energy and reduce overall power costs. The plant is expected to start generating power by H2 FY26. The investment includes ₹6.3 lakh in equity and ₹3.63 crore in CCDs, the company said in a press release on the stock exchanges.

 

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.

Lupin Shares in Focus; Gets Zero 483 Observations in USFDA Pre-Approval Inspection

Lupin announced that its Somerset, New Jersey facility successfully completed a USFDA Pre-Approval Inspection for Edaravone Oral Suspension with zero 483 observations, demonstrating the company’s commitment to high-quality standards, the company said in a press release on the stock exchanges.

Overview of Successful U.S. FDA Pre-Approval Inspection

The inspection, which took place from January 28 to February 1, 2025, at Lupin’s manufacturing facility in Somerset, New Jersey, concluded with zero 483 observations, affirming the company’s high standards of quality and compliance.

Lupin Limited, a global leader in the pharmaceutical industry, has announced the successful completion of a Pre-Approval Inspection (PAI) by the U.S. Food and Drug Administration (FDA) for its Edaravone Oral Suspension, 105 mg/5 mL.

Lupin’s Commitment to Quality

In a statement, Nilesh Gupta, Managing Director of Lupin, expressed his satisfaction with the inspection’s outcome, stating, “The successful outcome of the US FDA inspection at our Somerset facility is a testament to our commitment to uphold and maintain the highest standards of quality, compliance, and safety across our facilities. We remain steadfast in our mission to improve the lives of our patients globally.”

This achievement highlights Lupin’s dedication to ensuring its manufacturing processes meet stringent regulatory standards, reflecting the company’s ongoing efforts to maintain and enhance the quality of its products across various therapeutic areas.

About Lupin

Lupin is a prominent global pharmaceutical company headquartered in Mumbai, India, and is known for its wide range of products, including branded and generic formulations, biotechnology products, and active pharmaceutical ingredients. With a strong presence in over 100 markets, Lupin has 15 state-of-the-art manufacturing sites and 7 research centres worldwide.

Share Price Performance

As of February 3, 2025, Lupin Limited’s share price traded at ₹2,016.80 at 10:00 AM on the NSE, reflecting a decline of ₹39.45 or -1.92% from the previous closing price of ₹2,056.25. The stock opened at ₹2,056.25 and reached a high of ₹2,074.90 and a low of ₹2,006.25 during the trading session.

 

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.

Bonus, Stock Split and Dividend This Week: Marico, Nestle, GAIL and More

This week, several major companies are making significant corporate moves that could impact investors. From dividend payouts and stock splits to bonus issues, it’s essential to stay informed about these actions and how they may affect your portfolio and investment strategy.

Upcoming Bonus Issue This Week

Company Name Corporate Action Details Record Date
Redtape Bonus Issue 3:1 February 4, 2025
Thinkink Picturez Bonus Issue 2:1 February 5, 2025
Sangam Finserv Bonus Issue 4:1 February 7, 2025
Urban Enviro Waste Management Bonus Issue 1:1 February 7, 2025
EFC Bonus Issue 1:1 February 11, 2025

Upcoming Dividend Issue This Week

Company Name Corporate Action Details Record Date
Godrej Consumer Dividend 5 February 3, 2025
Great Eastern Shipping Company Dividend 8.1 February 3, 2025
Mahanagar Gas Dividend 12 February 3, 2025
KPIT Tech Dividend 2.5 February 4, 2025
Emami Dividend 4 February 4, 2025
Orient Electric Dividend 0.75 February 4, 2025
Shree Cements Dividend 50 February 5, 2025
Dr Lal Pathlabs Dividend 6 February 5, 2025
Sun Pharma Dividend 10.5 February 6, 2025
Container Corp Dividend 4.25 February 6, 2025
Triveni Turbine Dividend 2 February 6, 2025
ONGC Dividend 5 February 7, 2025
Nestle Dividend 14.25 February 7, 2025
GAIL Dividend 6.5 February 7, 2025
Marico Dividend 3.5 February 7, 2025
Jindal Stainless Dividend 1 February 7, 2025
CAMS Dividend 17.5 February 7, 2025

Upcoming Stock Split This Week

Company Name Corporate Action Details Record Date
KSolves Stock Split 10:5 February 6, 2025
AGI Infra Stock Split 10:5 February 7, 2025
Rama Phosphates Stock Split 10:5 February 7, 2025
TT Stock Split 10:1 February 12, 2025

Eligibility for Corporate Actions This Week

  • Marico

Marico is distributing a dividend of ₹3.50 per share. Investors must hold shares before the February 7, 2025 record date to be eligible for the dividend payout.

  • Nestle

Nestle has declared a dividend of ₹14.25 per share. Shareholders must own shares before the February 7, 2025 record date to receive the dividend.

  • GAIL

GAIL is offering a dividend of ₹6.50 per share. To be eligible for the dividend, investors must hold shares before the February 7, 2025 record date.

  • Shree Cements

Shree Cements has announced a dividend of ₹50.00 per share. Investors need to hold shares before the February 5, 2025 record date to qualify for the dividend payout.

 

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.