Top Large Cap Funds With a 5-Year CAGR Near 20% as of January 21, 2025

As of January 21, 2025, a few of large-cap equity funds have shown impressive growth, with a 5-year compound annual growth rate (CAGR) nearing 20%.

These funds, such as Nippon India Large Cap Fund and ICICI Prudential Bluechip Fund, have been able to deliver strong returns over the period, reflecting their consistent performance in the large-cap sector.

Here’s a look at the top large-cap funds as of January 2025, ranked by their impressive 5-year CAGR performance.

Top Large Cap Funds Based on 5-Year CAGR Performance

Name AUM (₹ Cr) CAGR 3Y (%) CAGR 5Y (%) Expense Ratio (%) NAV (₹)
Nippon India Large Cap Fund 35,699.99 19.23 19.58 0.66 93.63
ICICI Pru Bluechip Fund 63,264.30 15.73 18.56 0.91 111.65
Invesco India Largecap Fund 1,323.92 13.76 18.1 0.75 77.55
Canara Rob Bluechip Equity Fund 14,799.00 13.04 17.99 0.51 67.66

Note: The top large-cap mutual funds listed above are sorted based on their 5-year CAGR performance as of January 20, 2025.

Overview of the Best Large Cap Funds

  • Nippon India Large Cap Fund

Nippon India Large Cap Fund has been a prominent performer in the large-cap category with a strong 5-year CAGR of 19.58%. Managed by Nippon Life India Asset Management, it primarily invests in large-cap stocks with a focus on steady long-term growth. The fund’s expense ratio of 0.66% is relatively low, contributing to its overall solid returns.

The top stock holdings of the Nippon India Large Cap Fund include HDFC Bank (9.56% weight) and ICICI Bank (6.1% weight), both from the financial sector, with HDFC Bank showing a 1-year return of 11.66% and ICICI Bank outperforming with a 22.23% return.

  • ICICI Pru Bluechip Fund

Known for its consistency, the ICICI Pru Bluechip Fund is one of the largest in terms of assets under management (AUM) at ₹63,264.30 crore. With a 5-year CAGR of 18.56%, it has delivered solid returns with a relatively higher expense ratio of 0.91%. The fund focuses on large-cap stocks, aiming for long-term capital appreciation.

The top stock holdings of the ICICI Pru Bluechip Fund include ICICI Bank (7.79% weight) and HDFC Bank (7.06% weight), both in the financial sector.

  • Invesco India Largecap Fund

With an AUM of ₹1,323.92 crore, this fund has delivered a 5-year CAGR of 18.10%. The Invesco India Largecap Fund focuses on large-cap stocks with a stable performance, and its expense ratio of 0.75% contributes to keeping costs efficient for investors. It offers solid returns with a strong focus on market leaders.

The Invesco India Largecap Fund has significant exposure to ICICI Bank (7.99% weight) and HDFC Bank (7.56% weight), both in the financial sector.

  • Canara Robeco Bluechip Equity Fund

With an AUM of ₹14,799.00 crore, Canara Robeco Bluechip Equity Fund has delivered a 5-year CAGR of 17.99%. The fund focuses on large-cap stocks and offers a lower expense ratio of 0.51%, making it a cost-effective option for long-term investors. The fund has consistently shown resilience and strong returns over time.

The Canara Robeco Bluechip Equity Fund Regular has notable holdings in HDFC Bank (8.03% weight) and ICICI Bank (7.72% weight), both from the financial sector.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. 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.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

SEBI’s New Compliance Rules Force Independent Equity Research Firms to Shut Shop

Independent equity research firms that have been providing stock recommendations to retail investors are closing shop or winding down. SEBI’s new rules, effective from January 2025, require higher compliance costs and operational changes, as per news reports.

Several independent equity research firms in India are facing challenges due to the Securities and Exchange Board of India’s (Sebi) new set of compliance regulations. These firms, which provide stock investment advice, are now forced to close or reassess their operations as the new rules prove costly and difficult to implement.

The updated regulations, announced in early January 2025, are intended to curb fraudulent practices in the investment advisory space but are having unintended consequences on legitimate research outfits.

Impact of SEBI’s New Regulations

SEBI’s new compliance rules, introduced on January 8, 2025, aim to tackle issues in the equity research sector, particularly targeting fraudulent research entities.

The new regulations require research firms to adhere to stringent measures, such as maintaining records of client interactions, conducting compliance audits, and following Know-Your-Customer (KYC) procedures.

While these rules are intended to protect investors, they have led to increased operational costs for smaller firms, which often operate with lean structures and limited resources, as per news reports.

Firms Shutting Down or Scaling Back Operations

Several notable equity research firms have already announced their decision to close down or scale back their operations due to the heavy regulatory burden.

These include firms that primarily cater to retail investors looking for personalised investment advice but lack the resources to comply with the new, more stringent requirements.

Challenges Faced by Independent Research Firms

One of the biggest issues facing these firms is the requirement to collect fees from clients every 3 months instead of annually. Independent firms typically charge annual fees for research services, but the new rule requiring quarterly fee collections creates logistical challenges, as these firms must now focus on short-term returns to justify renewal, which contradicts their investment strategy of long-term stock picks.

Rational Behind the New Regulations

The primary intention behind SEBI’s enhanced regulations is to reduce fraudulent stock recommendations and illegal practices in the market. In recent years, the rise of retail investors and the boom in small-cap stocks have attracted many unscrupulous advisory firms that exploit investors with fake tips, often for quick profits.

SEBI aims to protect investors from such misleading advice, but the stringent regulations have also inadvertently affected legitimate independent research firms that are trying to operate ethically.

The Growing Issue of Fraudulent Investment Advisors

While SEBI’s regulations are designed to target fraudulent investment advisors, the crackdown may not fully address the issue. Many individuals posing as legitimate advisors exploit retail investors by promising high returns through penny stocks or manipulative trading practices.

Despite SEBI’s regulations, there is concern that the penalties for non-compliance are not severe enough to deter these fraudulent entities, and their continued existence is creating an ongoing challenge in regulating the advisory space.

Discover the power of efficient trading with our trading app. Download the Angel One app today and begin your journey to success!

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 Energy Solutions Secures ₹25,000 Cr Bhadla-Fatehpur HVDC Project

AESL announced that it has secured a ₹25,000 crore order for the Bhadla-Fatehpur HVDC project, which will evacuate 6 GW of renewable energy from Rajasthan to North India. The project will be completed in 4.5 years.

Project Details

Adani Energy Solutions Ltd (AESL) has been awarded the ₹25,000 crore Bhadla-Fatehpur HVDC project, which will facilitate the evacuation of 6 GW of renewable energy from Rajasthan to demand centres in North India, the company said in a press release on the stock exchange.

This marks AESL’s largest-ever order win, bringing its total under-execution order book to ₹54,761 crore. The HVDC system, covering 2,400 km, will have 7,500 MVA of transmission capacity and is expected to be completed within 4.5 years.

Impact on India’s Renewable Energy Transition

The Bhadla-Fatehpur project will play a critical role in supporting India’s renewable energy goals by linking renewable energy zones (REZs) in Rajasthan to the national grid.

By enabling the efficient transmission of clean energy, AESL is contributing to India’s decarbonisation efforts and reducing the reliance on non-renewable energy sources. AESL will deploy advanced technology and sustainable practices to minimise environmental impact while completing the project on time.

AESL’s Position in the HVDC Market

AESL is the only private-sector player in India to own an HVDC asset, which is preferred for long-distance power transmission due to its efficiency. This project marks AESL’s third HVDC venture after the Mundra-Mahendragarh and Aarey-Kudus projects. The Bhadla-Fatehpur project further solidifies AESL’s leadership in the HVDC transmission space.

Share Price Performance

Adani Energy Solutions’ share price ended 0.21% lower at ₹814 against ₹815.75 at its previous close.

 

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.

Union Budget 2025 Live 21 Jan 2025

January 21, 2025 12:16 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors’ Portfolios

The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.

The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation.

Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.

 

January 21, 2025 12:16 PM
Union Budget 2025 Live: NAREDCO Proposes Hike in Housing Loan Interest Deduction

The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing.

Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career.

Read the full story here.

 

January 21, 2025 12:16 PM
Test 1

Test 1


Union Budget 2025 Live Updates: Key Expectations, Taxation, Reshuffle in Finance Ministry, RBI’s Portfolio Rejig – copy




January 21, 2025 03:05 PM
Union Budget 2025 Live Updates: Angel One’s Coverage Begins

Welcome to Angel One’s everyday developments on the economy, stock market, and taxation ahead of Union Budget 2025. Get insights on the latest events and expectations right here.



January 21, 2025 03:20 PM
Union Budget 2025 Live: What is the Date and Time for FM Nirmala Sitharaman's Budget Presentation?

Finance Minister Nirmala Sitharaman is scheduled to present the 8th consecutive Union Budget on Saturday, February 1, 2025, at 11:00 AM in Parliament. The official confirmation of the date and time by the central government is still awaited.



January 21, 2025 03:30 PM
Budget 2025 Live: Stock Market to Remain Open on Saturday, February 1 for Union Budget 2025- NSE and BSE

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced that the stock markets will operate as usual on Saturday, February 1, 2025, during the presentation of the Union Budget for the fiscal year 2025-26 by Finance Minister Nirmala Sitharaman.

Trading will take place from 9:15 AM to 3:30 PM, continuing the tradition set in previous years, including February 1, 2020, and February 28, 2015, when the Union Budget was presented on a Saturday.



January 21, 2025 03:40 PM
Union Budget 2025 Live Update: India Proposes PLI Scheme for Electronics Components

India is preparing to bolster its electronics manufacturing sector with a ₹25,000 crore Production Linked Incentive (PLI) scheme, aimed at ramping up the domestic production of essential electronic components.

According to reports, the Finance Ministry has already given its nod to the proposal, and the Ministry of Electronics and Information Technology (MeitY) is set to seek Cabinet approval before its inclusion in the Union Budget 2025.

The PLI scheme will focus on boosting the production of components such as printed circuit boards (PCBs), batteries, camera modules, and display units, with the goal of strengthening India’s electronics manufacturing ecosystem.

Read the full story here.



January 21, 2025 03:50 PM
Union Budget 2025 Live: AMFI Unveils 15-Point Tax Proposal to Encourage Mutual Fund Investments

The Association of Mutual Funds in India (AMFI) has outlined a 15-point proposal ahead of Union Budget 2025-26 to encourage mutual fund investments and enhance investor confidence.

As part of the proposal, AMFI has called for tax reforms including restoring indexation benefits for debt funds, revising capital gains tax rates, and launching new pension-oriented schemes. The aim is to create a more attractive tax environment and provide long-term benefits to investors.

Key recommendations include recognising Fund of Funds as equity-oriented schemes, allowing pension schemes with NPS-like benefits, and introducing debt-linked savings plans to incentivise investments in high-rated bonds.

Read the full story here.



January 21, 2025 04:00 PM
Union Budget 2025 Live Update: Government Announces Significant Reshuffle in Finance Ministry

In a key development ahead of the Union Budget 2025-26, the government has made strategic changes within the Ministry of Finance, including new appointments to strengthen the leadership team. The reshuffle is aimed at enhancing the ministry’s capacity to handle complex fiscal policies and reforms for the upcoming budget. 

This reshuffle comes at a critical juncture, with the Union Budget 2025-26 on the horizon. It signals the government’s commitment to having experienced leadership in place to navigate fiscal challenges and implement key reforms that will shape India’s economic future. 

Tuhin Kanta Pandey has been appointed as Secretary of the Department of Revenue while continuing his role as Finance Secretary. Arunish Chawla has been appointed Secretary of the Department of Investment and Public Asset Management (DIPAM), and will also oversee the Department of Public Enterprises (DPE) and Ministry of Culture. 

Read the full story here.



January 21, 2025 04:10 PM
Union Budget 2025 Live: Evolution of Income Tax in India Under FM Nirmala Sitharaman

Over the last 4 years, Finance Minister Nirmala Sitharaman has introduced transformative reforms aimed at simplifying and enhancing India’s income tax system. The new tax regime, which provided significant relief, allowed salaried individuals earning up to ₹7.75 lakh to benefit from tax exemptions.

In addition to the changes in income tax, Sitharaman has also strengthened the National Pension System (NPS), enabling private-sector employees to claim deductions of up to 14% of their basic salary, thus encouraging long-term savings. Furthermore, the Tax Collection at Source (TCS) mechanism was modernized, streamlining the tax calculation process for employees.

Read the full story here.



January 21, 2025 04:20 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors' Portfolios

The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.

The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation. 

Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.

Read the full story here.



January 21, 2025 04:30 PM
Union Budget 2025 Live: NAREDCO Suggests Increase in Housing Loan Interest Deduction

The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing. 

Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career. 

Read the full story here.


Union Budget 2025 Live Updates: Key Expectations, Taxation, Reshuffle in Finance Ministry, RBI’s Portfolio Rejig




January 21, 2025 03:05 PM
Union Budget 2025 Live Updates: Angel One’s Coverage Begins

Welcome to Angel One’s everyday developments on the economy, stock market, and taxation ahead of Union Budget 2025. Get insights on the latest events and expectations right here.



January 21, 2025 03:20 PM
Union Budget 2025 Live: What is the Date and Time for FM Nirmala Sitharaman's Budget Presentation?

Finance Minister Nirmala Sitharaman is scheduled to present the 8th consecutive Union Budget on Saturday, February 1, 2025, at 11:00 AM in Parliament. The official confirmation of the date and time by the central government is still awaited.



January 21, 2025 03:30 PM
Budget 2025 Live: Stock Market to Remain Open on Saturday, February 1 for Union Budget 2025- NSE and BSE

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced that the stock markets will operate as usual on Saturday, February 1, 2025, during the presentation of the Union Budget for the fiscal year 2025-26 by Finance Minister Nirmala Sitharaman.

Trading will take place from 9:15 AM to 3:30 PM, continuing the tradition set in previous years, including February 1, 2020, and February 28, 2015, when the Union Budget was presented on a Saturday.



January 21, 2025 03:40 PM
Union Budget 2025 Live Update: India Proposes PLI Scheme for Electronics Components

India is preparing to bolster its electronics manufacturing sector with a ₹25,000 crore Production Linked Incentive (PLI) scheme, aimed at ramping up the domestic production of essential electronic components.

According to reports, the Finance Ministry has already given its nod to the proposal, and the Ministry of Electronics and Information Technology (MeitY) is set to seek Cabinet approval before its inclusion in the Union Budget 2025.

The PLI scheme will focus on boosting the production of components such as printed circuit boards (PCBs), batteries, camera modules, and display units, with the goal of strengthening India’s electronics manufacturing ecosystem.

Read the full story here.



January 21, 2025 03:50 PM
Union Budget 2025 Live: AMFI Unveils 15-Point Tax Proposal to Encourage Mutual Fund Investments

The Association of Mutual Funds in India (AMFI) has outlined a 15-point proposal ahead of Union Budget 2025-26 to encourage mutual fund investments and enhance investor confidence.

As part of the proposal, AMFI has called for tax reforms including restoring indexation benefits for debt funds, revising capital gains tax rates, and launching new pension-oriented schemes. The aim is to create a more attractive tax environment and provide long-term benefits to investors.

Key recommendations include recognising Fund of Funds as equity-oriented schemes, allowing pension schemes with NPS-like benefits, and introducing debt-linked savings plans to incentivise investments in high-rated bonds.

Read the full story here.



January 21, 2025 04:00 PM
Union Budget 2025 Live Update: Government Announces Significant Reshuffle in Finance Ministry

In a key development ahead of the Union Budget 2025-26, the government has made strategic changes within the Ministry of Finance, including new appointments to strengthen the leadership team. The reshuffle is aimed at enhancing the ministry’s capacity to handle complex fiscal policies and reforms for the upcoming budget. 

This reshuffle comes at a critical juncture, with the Union Budget 2025-26 on the horizon. It signals the government’s commitment to having experienced leadership in place to navigate fiscal challenges and implement key reforms that will shape India’s economic future. 

Tuhin Kanta Pandey has been appointed as Secretary of the Department of Revenue while continuing his role as Finance Secretary. Arunish Chawla has been appointed Secretary of the Department of Investment and Public Asset Management (DIPAM), and will also oversee the Department of Public Enterprises (DPE) and Ministry of Culture. 

Read the full story here.



January 21, 2025 04:10 PM
Union Budget 2025 Live: Evolution of Income Tax in India Under FM Nirmala Sitharaman

Over the last 4 years, Finance Minister Nirmala Sitharaman has introduced transformative reforms aimed at simplifying and enhancing India’s income tax system. The new tax regime, which provided significant relief, allowed salaried individuals earning up to ₹7.75 lakh to benefit from tax exemptions.

In addition to the changes in income tax, Sitharaman has also strengthened the National Pension System (NPS), enabling private-sector employees to claim deductions of up to 14% of their basic salary, thus encouraging long-term savings. Furthermore, the Tax Collection at Source (TCS) mechanism was modernized, streamlining the tax calculation process for employees.

Read the full story here.



January 21, 2025 04:20 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors' Portfolios

The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.

The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation. 

Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.

Read the full story here.



January 21, 2025 04:30 PM
Union Budget 2025 Live: NAREDCO Suggests Increase in Housing Loan Interest Deduction

The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing. 

Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career. 

Read the full story here.


Kotak Mahindra Bank Shares in Focus; Know About Its Asset Quality Amid Stock Volatility

As of January 21, 2025, Kotak Mahindra Bank’s share price stood at ₹1,904.30 at 2:30 PM on NSE, reflecting a slight decline of 0.84% from the previous day. This dip followed a strong rally on January 20, when the stock surged by 9.21%, reaching ₹1,920.50.

Share Price-performance

On January 17, the stock experienced a 2.60% drop, falling to ₹1,758.60. During the first week of January, the stock showed positive momentum, starting the year at ₹1,788.40 and climbing to ₹1,838.65 on January 3, registering a modest gain of 0.08%.

Currently, the stock is trading near its 52-week high of ₹1,942, which was recorded on September 23, 2024. These movements highlight that while Kotak Mahindra Bank’s stock has faced some volatility, it has largely remained resilient, consistently trading close to its 52-week peak.

Quarterly Asset Quality Metrics

Parameter Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24
GNPA (%) 1.50% 1.49% 1.39% 1.39%
NNPA (%) 0.41% 0.43% 0.35% 0.34%
PCR (%) 73% 71% 75% 76%
GNPA (₹ Cr) 6,266 6,033 5,477 5,275
NNPA (₹ Cr) 1,681 1,724 1,376 1,271
Total Provisions (₹ Cr) 6,634 6,266 6,037 5,903

Note: The table above presents the asset quality parameters for the bank over the last 4 quarters, from Q3 FY25 to Q4 FY24.

 

GNPA (Gross Non-Performing Assets) 

The bank shows a slight improvement in GNPA, moving from 1.50% in Q3 FY25 to 1.49% in Q2 FY25, and further stabiliSing at 1.39% in both Q1 FY25 and Q4 FY24. This indicates that the bank has successfully kept its non-performing assets at a relatively stable and manageable level.

NNPA (Net Non-Performing Assets) 

NNPA saw a marginal improvement, with a slight decrease from 0.43% in Q2 FY25 to 0.41% in Q3 FY25. This low and stable level of NNPA suggests that the bank’s recovery efforts and asset quality management remain effective.

PCR (Provision Coverage Ratio) 

The Provision Coverage Ratio remained robust, though it saw a minor decline from 76% in Q4 FY24 to 75% in Q1 FY25, and further to 73% in Q3 FY25. Despite the slight drop, the PCR continues to reflect a healthy cushion against potential asset deterioration, indicating strong risk management practices by the bank.

Peer Performance

Axis Bank is one of the few banks that has released its Q3 earnings so far. The bank has shown a positive trend in its asset quality, with a reduction in both Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) compared to the previous year.

Kotak Mahindra Bank’s GNPA ratio stands at 1.50% for Q3 FY25, which is slightly higher than Axis Bank’s 1.46% for the same quarter.

However, Kotak’s GNPA ratio has been stable over the last few quarters, with a minimal increase from 1.39% in Q1 FY25 and Q4 FY24.

Kotak’s NNPA ratio of 0.41% is slightly higher than Axis Bank’s 0.35%, but Kotak has seen a slight improvement in NNPA from 0.43% in Q2 FY25, indicating consistent efforts to manage bad loans.

 

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.

REC Arm Hands Over HVDC Transmission Project SPV to Adani Energy Solutions

RECPDCL, a subsidiary of REC Ltd, has handed over the ₹22,700 crore Rajasthan Part I Power Transmission Project SPV to Adani Energy Solutions. The transfer includes India’s first HVDC scheme awarded to the private sector, the company said in a press release on the stock exchange.

Details of the Landmark Transmission Project Transfer

The transfer includes the country’s first High Voltage Direct Current (HVDC) transmission scheme, which was awarded to the private sector under the Tariff-Based Competitive Bidding (TBCB) framework.

The project marks a milestone in India’s transmission sector, highlighting the growing role of private players like Adani Energy Solutions in advancing the country’s infrastructure development.

The handover was completed successfully, and Adani Energy Solutions will now manage the HVDC transmission system, which plays a critical role in enhancing power transmission capacity across the region.

This move forms part of the broader restructuring and divestment strategy by REC Limited to streamline its operations and focus on its core business areas.

Project Overview

The project involves the construction of a +800 kV HVDC transmission line stretching 955 km, along with associated infrastructure. It will be developed on a Build, Own, Operate, and Transfer (BOOT) basis, with a 54-month implementation timeline.

The ₹22,700 crore initiative includes the establishment of two HVDC terminal stations, each with a 6,000 MW capacity, located in Bhadla, Rajasthan, and Fatehpur, Uttar Pradesh.

Share Price Performance

REC’s share price traded 1.73% lower at ₹482.25 at 1:20 PM on the NSE. The stock opened at ₹491, higher than its previous close of ₹490.75. The drop in share price today has wiped out the 1.4% gain registered yesterday.

Meanwhile, Adani Energy Solutions’ share price traded 0.85% lower at ₹808.85 on the NSE. The stock opened at ₹819, higher than its previous close of ₹815.75.

 

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.

Mid-Day Top Gainers and Losers on January 21, 2025: Apollo Hospitals, UltraTech Cement Shine

On January 21, 2025, as of 12:30 PM, the BSE Sensex was down by 0.94% at 76,346.35, while the Nifty50 was down 0.8% at 23,159.05. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol LTP (₹) % Change Open (₹) High (₹) Low (₹)
APOLLOHOSP 6,980.65 2.95 1,890.00 1,929.90 1,866.00
ULTRACEMCO 10,916.05 2.74 302 305.4 296.95
BPCL 282.55 1.89 7,182.10 7,469.95 7,182.10
TATACONSUM 974.05 1.43 326.2 336.3 324.55
ASIANPAINT 2,309.50 1.27 1,686.30 1,722.00 1,674.40

  • Apollo Hospitals Enterprise

Apollo Hospitals’ share price saw an increase of 2.95% to ₹6,980.65. The stock opened at ₹1,890.00 and reached a high of ₹1,929.90.

  • UltraTech Cement

UltraTech Cement’s share price rose by 2.74%, closing at ₹10,916.05. The stock opened at ₹302 and hit a high of ₹305.4, followed by a low of ₹296.95.

  • Bharat Petroleum Corporation Ltd

BPCL’s stock price increased by 1.89%, closing at ₹282.55. The stock opened significantly higher at ₹7,182.10, reaching a high of ₹7,469.95.

  • Tata Consumer Products

Tata Consumer Products’ stock grew by 1.43%, reaching ₹974.05 at the close. The opening price was ₹326.20, with a high of ₹336.30 and a low of ₹324.55.

  • Asian Paints

Asian Paints’ share price saw a positive increase of 1.27%, closing at ₹2,309.50. The stock showed stable growth, opening at ₹1,686.30, peaking at ₹1,722.00, and touching a low of ₹1,674.40.

Mid-Day Top Losers

Symbol LTP (₹) % Change Open (₹) High (₹) Low (₹)
TRENT 5,847.20 -3.99 1,890.00 1,929.90 1,866.00
ADANIPORTS 1,129.60 -1.66 302 305.4 296.95
SBIN 766.75 -1.6 7,182.10 7,469.95 7,182.10
ICICIBANK 1,215.85 -1.39 326.2 336.3 324.55
M&M 2,850.00 -1.32 1,686.30 1,722.00 1,674.40

  • Trent 

Trent’s share price decreased by 3.99%, trading at ₹5,847.20. The stock opened at ₹1,890.00, reached a high of ₹1,929.90, and a low of ₹1,866.00.

  • Adani Ports

Adani Ports’ stock declined by 1.66%, trading at ₹1,129.60. It opened at ₹302, hit a high of ₹305.4, and touched a low of ₹296.95.

  • State Bank of India

State Bank of India (SBI) witnessed a 1.60% decline, with its share price at ₹766.75. Opening at ₹7,182.10, it peaked at ₹7,469.95, but the low of ₹7,182.10.

  • ICICI Bank

ICICI Bank’s share price fell by 1.39%, settling at ₹1,215.85. The stock started at ₹326.20, peaked at ₹336.30, and touched a low of ₹324.55.

  • Mahindra & Mahindra

Mahindra & Mahindra’s stock saw a 1.32% dip, closing at ₹2,850.00. It opened at ₹1,686.30, reached a high of ₹1,722.00, and a low of ₹1,674.40.

 

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.

Paytm Share Price in Focus; Drops for the 2nd Consecutive Session

On January 21, 2025, fintech major One97 Communications, which operates the Paytm payments platform, saw its stock price trade 6.05% lower at ₹843.45 by 10:30 AM on the NSE. The stock opened at ₹900.55, higher than its previous close of ₹897.80. It had declined by 0.17% the previous day, breaking a four-session streak of gains.

Q3 FY25 Financial Highlights

On Monday, fintech major One97 Communications, which operates the Paytm payments platform, reported that its consolidated loss in the December quarter narrowed to ₹208.3 crore, down from ₹219.8 crore in the same quarter of the previous fiscal year.

However, the company’s consolidated revenue from operations fell by 36% year-on-year (YoY), totalling ₹1,828 crore, compared to ₹2,851 crore in Q3 of FY24.

On a quarter-on-quarter (QoQ) basis, Paytm saw a 10% rise in revenue, driven by an increase in Gross Merchandise Value (GMV), strong growth in subscription revenues, and higher earnings from financial services distribution.

The net payment margin increased by 5% QoQ to ₹489 crore, mainly due to the boost in subscription revenue. The fintech firm also noted that its payment processing margin remained within the expected range.

Recent Business Developments

On January 20, 2025, Paytm’s parent company, One97 Communications, announced plans to incorporate wholly-owned subsidiaries of Paytm Cloud Technologies Limited in the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), and Singapore within the next six months.

These subsidiaries will focus on expanding the distribution of Paytm’s technology-led merchant payments and financial services stack in these regions. The expansion will be carried out through various strategies, including organic growth, local licensing, and strategic investments or partnerships.

This move is part of Paytm’s efforts to broaden its footprint and enhance its market presence internationally.

On January 20, 2025, One97 Communications, the parent company of Paytm, announced the sale of its step-down subsidiary, Xceed IT Solutions Private Limited.

The agreement for the sale was signed on the same day, with the expected completion date set for February 28, 2025.

 

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.