On January 17, 2025, the BSE Sensex fell by 423.49 points (0.55%) to close at 76,619.33. Similarly, the Nifty50 also closed in the red, dropping 108.60 points (0.47%) to finish at 23,203.20.

Top Gainers of the Day

• Bharat Petroleum Corporation Limited (BPCL)

BPCL share price surged 2.68% closing at ₹274.05. The stock hit the day’s high of ₹275.20. The company announced that the Board of Directors’ meeting is scheduled for Wednesday, January 22, 2025, and will discuss the proposal to declare an interim dividend for the financial year 2024-25 and set the record date for it.

• Reliance Industries

Reliance share price gained 2.65% closing at ₹1,300.00. The stock touched the day’s high at ₹1,326.00. The company reported its Q3 FY 2025 results. It reported revenue from operations of ₹2,43,865 crore, marking an increase from ₹2,27,970 crore in Q3 FY24. Profit After Tax (PAT) for the quarter stood at ₹21,804 crore, reflecting a rise from ₹19,488 crore in the same period last year.

• Coal India

Coal India share price rose 2.52% closing at ₹388.40. The stock touched its day’s high at ₹389.30. The company acquired Gadag II and Koppal II Transmission Limited on January 16, 2025. The project involves strengthening the system for RE integration on a BOOT basis.

• Hindalco Industries

Hindalco share price rose by 2.22%. The stock opened at ₹603.85 and hit a day’s high of ₹619.00.

• Nestle India

Nestle India share price surged 2.20% closing at ₹2,216.95. It hit a day’s high of ₹2,226.35.

Top Losers of the Day

• Infosys

Infosys share price dropped 5.75%. The stock closed at ₹1,817.50 and touched its day’s low at ₹1,812.00. The company reported Q3 FY 2025 results. The revenue growth for Q3 FY25 was 0.9% QoQ, with a constant currency (CC) growth of 1.7%. The YoY growth was 5.9%, while the CC YoY growth stood at 6.1%.

• Axis Bank 

Axis Bank share price fell 4.43%. The share price closed at ₹992.00 and touched its day’s low at ₹974.60. The company reported Q3FY25 results with a 15% rise in operating profit, 9% growth in NII, and a 4% increase in net profit. 9M FY25 net profit grew 9%.

• Shriram Finance

Shriram Finance share price slipped 3.71% closing at ₹526.50. It touched its day’s low at ₹523.85.

• Kotak Mahindra Bank

Kotak Mahindra Bank share price dropped 2.58%, closing at ₹1,759.05. The share price opened at ₹1,797.00 and touched its day’s low at ₹1,748.30.

• Wipro

Wipro share price slipped 2.20%. The share price opened at ₹287.80 and touched its day’s low at ₹280.50.

 

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

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

Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the third quarter of FY25, marking a significant milestone with its second-highest quarterly revenue since going public.

On January 17, 2025, Sterling and Wilson Renewable Energy share price (NSE: SWSOLAR) opened at ₹449.00, down from its previous close of ₹457.65. At 10:44 AM, the share price of Sterling and Wilson Renewable Energy was trading at ₹422.15, down by 7.76% on the NSE. The stock price touched its 52-week low recently on January 15, 2025, at ₹403.35.

Q3 FY 2025 Financial Highlights

The company reported a 215% year-on-year (YoY) revenue growth and a 78% quarter-on-quarter (QoQ) increase, driven by an accelerated pace of execution in both domestic and international EPC projects. Operational efficiencies have led to positive operational EBITDA for three consecutive quarters.

In terms of profitability, SWREL achieved a Profit Before Tax (PBT) of ₹41 crore, up from ₹20 crore in the previous quarter. The company also reported a sequential decrease in its net debt by approximately ₹150 crore, bringing it down to ₹175 crore, thanks to improved cash flows and indemnity receipts during the quarter.

The strong order inflow momentum continues, with SWREL securing ₹5,679 crore in order inflows for the nine-month period, including two domestic order/LOA wins in the third quarter.

Commenting on the quarter results, the CEO – Asia, Africa, LATAM & Europe, Sterling and Wilson Renewable Energy Ltd, Mr CK Thakur, said, “Our performance this quarter brings forth the resilience of our business model. We are significantly scaling up operations and focused on improving profitability. With a steady flow of high-value domestic orders in this quarter and a robust project pipeline across both domestic and international markets, we are poised to capitalise on emerging opportunities. We continue to drive growth, enhance operational excellence and deliver unparalleled value to our stakeholders.”

 

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.

On January 17, 2025, as of 12:03 PM, the BSE Sensex was down by 0.54% at 76,629.64, while the Nifty50 was down by 0.45% at 23,206.55. Among sectors, the Nifty Oil & Gas rose by 1.36%.

As of January 17, 2025, 12:05 PM, the mid-day top gainers and losers are:

Mid-Day Top Gainers 

• Bharat Petroleum Corporation Limited (BPCL)

BPCL share price surged 2.62% after opening at ₹268.80. The stock hit the day’s high of ₹274.50. The company announced that the Board of Directors’ meeting is scheduled for Wednesday, January 22, 2025, and will discuss the proposal to declare an interim dividend for the financial year 2024-25 and set the record date for it.

• Reliance Industries

Reliance share price gained 2.56% after opening at ₹1,322.25. The stock touched the day’s high at ₹1,326.00. The company reported its Q3 FY 2025 results. It reported revenue from operations of ₹2,43,865 crore, marking an increase from ₹2,27,970 crore in Q3 FY24. Profit After Tax (PAT) for the quarter stood at ₹21,804 crore, reflecting a rise from ₹19,488 crore in the same period last year.

• Power Grid Corporation of India

Power Grid share price rose 2.12% after opening at ₹297.65. The stock touched its day’s high at ₹304.00. The company acquired Gadag II and Koppal II Transmission Limited on January 16, 2025. The project involves strengthening the system for RE integration on a BOOT basis.

• Nestle India

Nestle India share price surged 1.94% after opening at ₹2,180.65. It hit a day’s high of ₹2,213.90.

• Asian Paints

Asian Paints share price rose by 2.09%. The stock opened at ₹2,225.65 and hit a day’s high of ₹2,264.50.

Mid-Day Top Losers

• Infosys

Infosys share price dropped 5.37%. The stock opened at ₹1,851.00 and touched its day’s low at ₹1,812.00. The company reported Q3 FY 2025 results. The revenue growth for Q3 FY25 was 0.9% QoQ, with a constant currency (CC) growth of 1.7%. The YoY growth was 5.9%, while the CC YoY growth stood at 6.1%.

• Axis Bank 

Axis Bank share price fell 4.71%. The share price opened at ₹1,000.00 and touched its day’s low at ₹974.60. The company reported Q3FY25 results with a 15% rise in operating profit, 9% growth in NII, and a 4% increase in net profit. 9M FY25 net profit grew 9%.

• Kotak Mahindra Bank

Kotak Mahindra Bank share price dropped 2.70%. The share price opened at ₹1,797.00 and touched its day’s low at ₹1,751.05.

• Shriram Finance

Shriram Finance share price slipped 2.57%. The share price opened at ₹546.55 and touched its day’s low at ₹532.00.

• ICICI Bank

ICICI Bank share price slipped 1.71%. The share price opened at ₹1,243.35 and touched its day’s low at ₹1,218.00.

 

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

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

Ircon International Limited (IRCON) has been in focus on Friday. On January 17, 2025, IRCON share price opened at ₹215.00, down from its previous close of ₹220.41. At 11:39 AM, the share price of IRCON was trading at ₹217.36, down by 1.38% on the NSE. The market cap of the company stood at ₹20,443.05 crore.

The focus comes after news reports that the Union Budget 2025-26, set to be presented on February 1, may include an increase in the budgetary allocation for the Ministry of Railways.

Recent Developments

In December 2024, IRCON informed the exchanges that the company and Northeast Frontier Railway have signed Memorandums of Understanding (MoUs) for the outsourcing of TRD maintenance and breakdown services. This includes work at nine OHE depots for the newly commissioned OHE and PSI assets in the Tinsukia Division, as well as at 11 OHE depots for similar assets in the Lumding Division of Northeast Frontier Railway.

Q2 FY 2025 Financial Highlights

In Q2 FY 2025, the total income stood at ₹2,538.6 crore, down from ₹3,136.3 crore in Q2 FY 2024. Revenue from operations for the quarter was ₹2,447.5 crore, compared to ₹3,033.3 crore in Q2 FY 2024. EBITDA amounted to ₹342.8 crore, down from ₹392.4 crore in Q2 FY 2024, with an EBITDA margin of 13.5%. The profit after tax (PAT) for Q2 FY 2025 was ₹205.9 crore, lower than ₹250.8 crore in Q2 FY 2024.

About Ircon International Limited 

Ircon International Limited, established in 1976 as a railway construction company, gradually diversified from 1985 onwards. It has since become an integrated engineering and construction PSU, specialising in large, technologically advanced infrastructure projects across sectors like railways, highways, and more.

 

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.

Motilal Oswal Financial Services Limited has been in focus on Friday. On January 17, 2025, Motilal Oswal share price opened at ₹812.50, up from its previous close of ₹799.35. However, at 11:12 AM, the share price of Motilal Oswal was trading at ₹786.50, down by 1.61% on the NSE. The market cap of the company stood at ₹47,073.42 crore.

Q2 FY25 Financial Highlights 

In Q2 FY25, the consolidated PAT, including Other Comprehensive Income (OCI), stood at ₹1,242 crore, reflecting a 123% YoY growth. The company achieved a Return on Equity (RoE) of 48%. Consolidated operating net revenue for Q2FY25 reached ₹1,366 crore, marking a 46% YoY increase.

About Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited (MOFSL) is a financial services provider offering a range of solutions, including Wealth Management, Capital Markets (Institutional Broking & Investment Banking), Asset & Wealth Management (Asset Management, Private Equity, & Wealth Management), Housing Finance, and Equity-based Treasury Investments. With a workforce of over 13,300 employees, MOFSL serves 94 lakh clients across 550+ cities. The company manages Assets Under Advice totalling ₹5.7 lakh crores.

 

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.

Sat Kartar Shopping IPO opened for subscription on January 10, 2025, and closed on January 14, 2025.

It was a book-built issue of ₹33.80 crore. The issue was a fresh issue of 41.73 lakh shares. The Sat Kartar Shopping IPO price band was set at ₹77 to ₹81 per share.

On Day 3 of subscription, January 14, as of 6:19 PM, Sat Kartar Shopping IPO was subscribed 332.78 times. QIBs subscribed 124.75x, NIIs subscribed 808.3x, and retail investors subscribed 250.35x.

The share allotment was finalised on Wednesday, January 15, 2025, and the shares were listed on NSE SME on January 17, 2025.

Sat Kartar Shopping Share Price

On the listing day, on the NSE, Sat Kartar Shopping share price opened at ₹153.90, up from its issue price of ₹81.00. At 10:25 AM, the share price was trading at ₹157.75, up by 2.50% from its opening price of ₹153.90. As of the same time, the stock touched its day’s high at ₹161.55. The company’s market cap was ₹248.38 crore.

About Sat Kartar Shopping Limited

Sat Kartar Shopping Limited is an Ayurveda healthcare company dedicated to offering natural wellness solutions for specific therapeutic areas and general lifestyle needs, with a strong focus on promoting healthier living. The company serves individual consumers by providing holistic, natural remedies and lifestyle products rooted in traditional Ayurvedic practices. Operating in the Direct-to-Consumer (D2C) segment, Sat Kartar Shopping Limited sells its Ayurveda products directly to consumers through its own D2C website, third-party e-commerce platforms, TV marketing, and digital channels.

 

 

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.

Axis Bank Limited announced its financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 17, 2025, Axis Bank share price (NSE: AXISBANK) opened at ₹1,000.00, down from its previous close of ₹1,038.00. At 10:12 AM, the share price of Axis Bank was trading at ₹983.75, down by 5.23% on the NSE. Notably, the stock price touched its 52-week low today at ₹982.30.

Q3 FY25 Financial Highlights

For Q3 FY25, Axis Bank registered an operating profit of ₹10,534 crore, marking a 15% year-on-year (YOY) growth. The core operating profit, which excludes non-recurring items, rose by 14% YOY to ₹10,102 crore. The bank’s operating costs grew at a moderate pace, up just 1% YOY in Q3FY25 compared to 9% in Q2FY25. Net profit for the quarter increased by 4% YOY, reaching ₹6,304 crore.

In terms of Net Interest Income (NII), Axis Bank posted a 9% YOY growth, amounting to ₹13,606 crores. The bank’s Net Interest Margin (NIM) for Q3FY25 stood at 3.93%, signalling healthy profitability from core lending activities. Other income, primarily driven by fee income, grew by 6% YOY to ₹5,455 crores. Retail fees, which contributed 71% of the total fee income, increased by 5% YOY.

9 Months Ended December 31, 2024 Financial Highlights

For the nine months ended December 31, 2024 (9MFY25), Axis Bank’s standalone return on assets (ROA) was 1.7%, and the return on equity (ROE) was 16.43%. NII for the period grew by 10% YOY to ₹40,537 crores. Fee income also showed robust growth, up 11% YOY to ₹16,166 crores. Operating profit for 9MFY25 increased by 18% to ₹31,353 crores, while core operating profit rose by 13% to ₹29,341 crores. Total provisions for the nine months stood at ₹6,399 crores. Net profit for 9MFY25 saw a 9% increase, amounting to ₹19,256 crores.

Balance Sheet Highlights

The bank’s balance sheet grew by 9% YOY, reaching ₹15,25,712 crores as of December 31, 2024. Total deposits grew by 9% YOY, with term deposits up by 14% YOY. The CASA (current account and savings account) deposits ratio stood at 39%, with savings account deposits remaining flat YOY and current account deposits growing by 8% YOY.

 

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.

HFCL Limited has achieved a significant milestone by securing an Advance Work Order (AWO) worth approximately ₹2,501.30 crores from Bharat Sanchar Nigam Limited (BSNL).

Post the announcement, on January 17, 2025, HFCL share price opened at ₹106.00, up from its previous close of ₹102.34. At 9:44 AM, the share price of HFCL was trading at ₹104.58, up by 2.19% on the NSE.

Details of the Order

The order is for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet Phase III in the Punjab Telecom Circle. This ambitious project aligns with the Government of India’s ‘Digital India’ vision, aimed at bridging the digital divide and ensuring equitable internet access in rural and underserved regions.

The BharatNet Phase III initiative is one of India’s most impactful digital infrastructure projects, seeking to connect over 6,40,000 villages with high-speed internet. The project aims to deliver a minimum of 100 Mbps bandwidth at each gram panchayat (GP), covering over 2,50,000 GPs nationwide. HFCL’s role in this project is crucial, as the company will implement the initiative under the Design Build Operate and Maintain (DBOM) model, showcasing its expertise in large-scale telecom solutions.

The financial structure of the project reflects a well-defined approach. The total project value includes a capital expenditure (Capex) of ₹1,244.61 crores, operational expenditure (Opex) of ₹746.76 crores for the newly constructed network, and Opex of ₹509.94 crores for the existing network.

The project’s construction phase is expected to be completed in three years, followed by a 10-year maintenance period. During the maintenance phase, the contract stipulates an annual Opex of 5.5% of the Capex for the first five years and 6.5% for the subsequent five years.

By bridging the connectivity gap in rural areas, BharatNet Phase III is set to foster socio-economic growth and create a digitally empowered India.

About HFCL Limited

HFCL Ltd (Himachal Futuristic Communications Limited) is a multifaceted telecom infrastructure provider, specialising in telecom infrastructure development, system integration, and the production and supply of advanced telecom equipment, optical fibre, and optic fibre cables (OFC).

 

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.

G R Infraprojects Limited has announced a significant development, informing the exchanges about its acquisition of Bijapur REZ Transmission Limited (BRTL) from PFC Consulting Limited (PFCCL).

Details of the Acquisition

The acquisition was formalised through a Share Purchase Agreement, making BRTL a wholly-owned subsidiary of G R Infraprojects Limited. The acquisition was completed at a price of ₹11,40,00,588, with the company purchasing 10,000 equity shares, each valued at ₹10, through itself and six nominees.

This acquisition is a crucial step for G R Infraprojects Limited as it aligns with the company’s strategic plan to execute the “Transmission Scheme for Integration of Bijapur REZ” in Karnataka.

The project, awarded through a Letter of Intent (LOI), involves establishing a 400/220 kV pooling station with a capacity of 5×500 MVA near Bijapur (Vijayapura) in Karnataka. The scheme also includes a 400 kV double-circuit transmission line connecting Bijapur PS to Raichur New, the installation of two 400 kV line bays, and two 125 MVAr 420 kV bus reactors at Bijapur PS.

This acquisition is a key requirement under the Request for Proposal (RFP) conditions for undertaking the project. It strengthens G R Infraprojects Limited’s footprint in the energy infrastructure sector while contributing to the integration of renewable energy zones (REZ) in Karnataka.

On January 17, 2025, G R Infraprojects share price (NSE: GRINFRA) opened at ₹1,331.00, touching the day’s high at ₹1,344.80, as of 9:40 AM on the NSE.

About G R Infraprojects Limited

G R Infraprojects Ltd is an integrated road Engineering, Procurement, and Construction (EPC) company with experience in designing and constructing various road/highway projects across 15 states in India. It primarily undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis in the road 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.

One MobiKwik Systems Limited has announced a strategic partnership with Piramal Capital & Housing Finance Ltd (Piramal Finance) to offer personal loans to MobiKwik customers.

Details of the Collaboration

This collaboration aims to enhance access to affordable credit, addressing the diverse financial needs of individuals across India.

Through this partnership, MobiKwik users can now seamlessly apply for personal loans directly via the platform. These loans are designed to cater to a wide range of financial requirements, such as funding education, covering medical expenses, financing travel, and other personal needs. The initiative highlights both companies’ commitment to improving financial inclusion by leveraging digital innovation.

The personal loan offering is accessible to MobiKwik app users across India, with loan amounts ranging from ₹50,000 to ₹2,00,000. Eligible users must have a monthly income of at least ₹25,000 and fall within the age bracket of 23 to 55 years. Loan tenures are flexible, starting at six months and extending up to 24 months, making it a convenient option for customers seeking short- to medium-term financial solutions.

This partnership aligns with MobiKwik’s mission to drive financial inclusion by introducing innovative credit products. It represents a significant step toward making credit more accessible and affordable for customers nationwide.

Commenting on this partnership, the Co-Founder and MD of MobiKwik, Bipin Preet Singh, stated, “At MobiKwik, we have always strived to empower our customers with innovative financial products. Our partnership with Piramal Finance marks a significant step towards addressing the credit needs of millions of Indians. By combining Piramal Finance’s expertise in financial services with MobiKwik’s digital platform, we are confident of creating a seamless experience for our users.”

On January 17, 2025, MobiKwik share price opened at ₹477.00, touching the day’s low at ₹467.35, as of 9:33 AM on the NSE.

 

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.