Supreme Industries Ltd has signed a Memorandum of Understanding (MoU) with Wavin Industries on March 10, 2025, for the acquisition of its Indian piping business. 

The transaction is valued at an aggregate consideration of USD 30 million, plus networking capital on the closing date. This acquisition is subject to due diligence and necessary regulatory approvals.

Wavin India, part of the Orbia Group, specialises in manufacturing piping systems under the “Wavin” brand. The company stated that the acquisition will be executed through either a slump sale or share acquisition basis, covering all tangible and intangible assets, including trademarks, intellectual property rights, licenses, approvals, material contracts, and workforce.

Strategic Expansion in the Piping Industry

With this acquisition, Supreme Industries aims to expand its presence in the plastic piping industry by increasing its production capacity by 73,000 metric tonnes per annum. The company will gain access to Wavin India’s three manufacturing units in Banmore (Madhya Pradesh), Hyderabad (Telangana), and Neemrana (Rajasthan), enhancing its geographical reach in both North and South India.

Additionally, Supreme Industries will secure exclusive rights to Wavin B.V.’s existing technologies for water supply, sanitation, and climate-resilient solutions. The agreement also grants Supreme access to newly developed technologies over the next seven years for use in India and SAARC countries.

Financial Impact and Growth Prospects

Wavin India has demonstrated consistent financial performance, with its turnover for FY 2023-24 amounting to ₹1,007.50 crore. In previous years, it reported revenues of ₹953.70 crore in FY 2021-22 and ₹1,112.70 crore in FY 2022-23. The acquisition aligns with Supreme Industries’ strategy of strengthening its position in the piping segment by leveraging Wavin India’s established market presence and technological advancements.

The acquisition will enable Supreme Industries to cater to a broader customer base and improve cost efficiencies by integrating Wavin India’s operations into its existing framework.

Regulatory and Financial Considerations

If the acquisition proceeds through a share purchase, regulatory approvals under the Foreign Exchange Management Act (FEMA) will be required. The deal is expected to be completed by June 30, 2025, with the consideration being paid in cash.

In addition to acquiring the business, Supreme Industries will pay a lump sum annual amount and running royalties for continued access to Wavin B.V.’s proprietary technologies.

Wavin India’s Business Profile

Wavin India was incorporated on August 30, 2007, and began its plastic piping business in 2017. With a total installed capacity of 73,052 MT per annum, Wavin India’s product range caters to the building and infrastructure segment.

Conclusion

The acquisition of Wavin India’s piping business marks a strategic milestone for Supreme Industries, reinforcing its leadership in the plastics industry. 

On March 11, 2025, Supreme Industries share price opened at ₹3,317.00, touching the day’s low at ₹3,285.00, as of 9:39 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.

Gensol Engineering Limited has been in focus on Tuesday. On March 11, 2025, Gensol Engineering share price opened at ₹294.50, down from its previous close of ₹305.80. At 9:49 AM, the share price of Gensol Engineering was trading at ₹290.55, down by 4.99% on the NSE. Notably, the stock price touched its 52-week low at ₹290.55, today.

Gensol Engineering Promoters Infuse ₹28.99 Crore Through Warrant Conversion

On March 10, 2025, Gensol Engineering Limited announced that its promoters have reinforced their confidence in the company’s long-term vision by infusing ₹28.99 crore through the conversion of warrants into equity. 

This move reflects the promoters’ commitment to strengthening the company’s capital base as it continues to expand in the renewable energy and electric mobility sectors.

As part of this investment, the company will issue 4,43,934 equity shares at a price of ₹871 per share. This step aligns with the promoter group’s strategy to provide financial support for Gensol’s growth trajectory while ensuring it remains well-capitalised for future developments.

This investment follows a recent decision by the promoters to unlock liquidity through an equity stake sale, with the proceeds being reinvested into the company. 

About Gensol Engineering Limited

Gensol Engineering Limited is a leading player in the renewable energy sector, specialising in solar power engineering, procurement, and construction (EPC) services, along with innovative electric mobility solutions. Backed by a team of over 500 professionals, the company operates across multiple domains, including Solar EPC in India and the Middle East, Scorpius Trackers for advanced solar tracking solutions, EV Leasing through its Let’s EV brand, and EV Manufacturing under Gensol EV. 

Conclusion

The move by the company’s promoters underscores their strong belief in Gensol’s strategic direction and its potential in emerging clean energy and sustainable mobility markets.

 

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.

Induslnd Bank Limited has been in focus on Tuesday. On March 11, 2025, Induslnd Bank share price opened at ₹810.45, down from its previous close of ₹900.50. At 9:41 AM, the share price of Induslnd Bank was trading at ₹765.40, down by 15.00% on the NSE. Notably, the stock price touched its 52-week low at ₹765.40, today. 

IndusInd Bank Identifies Discrepancies in Derivative Accounts

On March 10, 2025, IndusInd Bank disclosed to the stock exchanges regarding a one-time impact on its net worth due to discrepancies identified in its derivative portfolio. 

The bank noted that following an internal review of processes post-implementation of the RBI’s 2023 guidelines on investment portfolio classification and derivative accounting, discrepancies in account balances were observed. The estimated impact of these discrepancies is ~2.35% of the bank’s net worth as of December 2024.

To ensure transparency, IndusInd Bank has appointed an external agency to review and validate its internal findings. While the final report is awaited, the bank has assured stakeholders that its profitability and capital adequacy remain robust, allowing it to absorb this impact without significant distress. 

RBI Approves One-Year Extension for IndusInd Bank CEO Sumant Kathpalia

On March 7, 2025, IndusInd Bank announced that the Reserve Bank of India (RBI), through a letter dated March 6, 2025, has approved the re-appointment of Mr. Sumant Kathpalia as the Managing Director & CEO of the bank for an additional one-year term, effective from March 24, 2025, to March 23, 2026.

About IndusInd Bank Ltd

IndusInd Bank Limited, established in 1994 as a commercial bank under the Banking Regulation Act, 1949, is a publicly held entity offering a diverse range of banking products and financial services. It caters to both corporate and retail clients while also managing treasury operations. The bank operates across India, including at International Financial Service Centres (IFSCs) within the country.

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.

Housing & Urban Development Corporation Ltd (HUDCO) announced on March 10, 2025, that its Board of Directors has approved a second interim dividend of ₹1.05 per equity share (10.50%) for FY 2024-25. 

The record date for determining shareholder eligibility is set for March 14, 2025, and the dividend payment will be completed within 30 days of the declaration.

Recent Developments

On February 17, 2025, HUDCO signed a Memorandum of Understanding (MoU) with the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, Netherlands. This partnership aims to enhance cooperation in training, research, capacity building, and fee-based projects/services related to human settlements and urban development. The collaboration is expected to boost HUDCO’s role in sustainable housing and urban infrastructure development.

Q3 FY 2025 Financial Highlights

For Q3 FY25, the company’s total income stood at ₹2,770.14 crore, marking an increase from ₹2,022.94 crore in Q3 FY24. For the nine-month period (9M FY25), total income reached ₹7,493.47 crore, up from ₹5,754.06 crore in 9M FY24. Net profit after tax for Q3 FY25 came in at ₹735.03 crore, compared to ₹519.19 crore in Q3 FY24. For 9M FY25, net profit stood at ₹1,981.40 crore, up from ₹1,416.58 crore in 9M FY24.

About HUDCO

Housing & Urban Development Corporation Ltd is mainly involved in the business of financing housing and urban development activities in India. 

On March 10, 2025, HUDCO share price opened at ₹183.50 and closed at ₹178.10, down by 2.29%. The stock price touched its day’s low at ₹178.00. 

Conclusion

This dividend announcement reflects HUDCO’s commitment to rewarding its shareholders while maintaining its financial performance.

 

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 Tuesday, March 11, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open lower, following a sharp fall in global markets. Check out a few stocks that might be in focus during the trading session.

• IndusInd Bank

IndusInd Bank disclosed a 2.35% negative post-tax impact on net worth due to markdowns on internal derivative trades. Based on Q3FY25 results, the estimated impact is around ₹1,530 crore, exceeding the ₹1,401.3 crore net profit reported for the quarter. The reversal is expected through net interest income (NII) in Q4FY25.

• Gensol Engineering

Gensol Engineering‘s promoters are set to infuse ₹28.99 crore into the company by converting warrants into equity. The conversion will result in 4,43,934 equity shares being issued at ₹871 per share.

• Syngene International

Syngene International has acquired its first biologics facility in the USA through its wholly-owned subsidiary, Syngene USA Inc. This acquisition, from Emergent Manufacturing Operations Baltimore, LLC, will expand Syngene’s bioreactor capacity to 50,000L for large molecule research and manufacturing. Additionally, the company announced an investment of up to $56 million in Syngene USA Inc. in multiple tranches.

• NAPS Global

NAPS Global, a SME IPO, is set to debut on the BSE SME platform today.

• Bharat Electronics Ltd (BEL)

BEL has secured additional orders worth ₹843 crore since March 6, 2025. This brings the company’s total order inflow for FY25 to ₹14,567 crore, further strengthening its position as a Navratna PSU.

• Firstsource Solutions 

Firstsource Solutions has revised its FY25 revenue growth guidance in constant currency to 21.8%–22.3%, up from the previous range of 19.5%–20.5%.

 

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.

Maruti Suzuki India Limited (MSIL) has entered into a Memorandum of Understanding (MoU) with Hero FinCorp Limited to enhance financing options for both new and pre-owned car buyers. The partnership aims to provide accessible and customised financial solutions, making car ownership easier for a broader customer base.

Leveraging Dealership Network and Financial Solutions

By combining Maruti Suzuki’s extensive dealership network with Hero FinCorp’s expertise in financial services, the collaboration is set to offer seamless and flexible financing solutions. This move is expected to benefit customers across India by providing competitive loan offerings and quicker approval processes.

Key Executives Present at the Signing

The MoU was formalised in the presence of senior officials from both companies. Representing Maruti Suzuki were Partho Banerjee, Senior Executive Officer of Marketing & Sales, Kamal Mahtta, Vice President of Allied Business, and Vishal Sharma, General Manager of Maruti Suzuki Finance & Driving School. Hero FinCorp was represented by MD & CEO Abhimanyu Munjal, along with other senior executives.

Partho Banerjee highlighted that the partnership aligns with Maruti Suzuki’s vision to strengthen its financing ecosystem and cater to a diverse set of customers across India, further driving growth in the automobile sector.

Maruti Suzuki Sales in February 2025 

In February 2025, total passenger car sales stood at 84,265 units, slightly lower than 86,890 units recorded in February 2024. For the cumulative period from April 2024 to February 2025, passenger car sales reached 8,25,672 units, compared to 8,98,183 units in the previous financial year.

Total domestic sales, including Light Commercial Vehicles (LCVs), were 1,63,501 units in February 2025, nearly unchanged from 1,63,397 units in February 2024. The cumulative domestic sales figure for the April-February period stood at 1,642,125 units, a marginal increase from 1,637,314 units in FY 2023-24.

Overall, total sales, including domestic and exports, stood at 1,99,400 units in February 2025, a slight increase from 1,97,471 units in February 2024. The cumulative sales for April 2024 to February 2025 reached 2,041,282 units, marking an improvement over 1,948,127 units in the previous year.

Conclusion

The partnership between Maruti Suzuki and Hero FinCorp is set to enhance car financing accessibility, supporting a broader customer base. Meanwhile, Maruti Suzuki’s steady sales performance in February 2025 reflects resilience in the automotive market.

On March 10, 2025, Maruti Suzuki share price opened at ₹11,600.00, touching the day’s high at ₹11,697.90, as of 10:29 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.

Poonawalla Fincorp Limited (PFL) has introduced an education loan business aimed at students aspiring to pursue higher education at international universities. 

The initiative promises a seamless, technology-driven experience with faster turnaround times and hassle-free approvals. Notably, PFL has launched an industry-first instant sanction feature for loans up to ₹75 lakh, enhancing accessibility for students and parents.

Key Features of PFL’s Education Loan Offering

• Loan Amounts: Up to ₹3 crore with collateral, covering tuition, living expenses, travel, books, and insurance. Loans up to ₹1 crore are available without collateral.
• Instant Sanctions: A first in the industry, ensuring quick decision-making for loans up to ₹75 lakh.
• Competitive Interest Rates: Designed to make financing more affordable for students studying abroad.

The growing cost of higher education has made financing a crucial aspect of overseas education planning. PFL’s instant sanction facility and collateral-free options offer greater flexibility to students and parents, reducing financial stress and ensuring a smoother transition into global education.

Strategic Expansion into a Growing Market

India’s increasing focus on higher education and student aspirations has fueled growth in the education loan sector. PFL aims to capitalise on this demand by offering tailored financial solutions. The company has partnered with educational counselors and onboarded industry professionals to support students throughout their financial journey.

This expansion aligns with PFL’s broader strategic goal of diversifying its product portfolio. Recently, it introduced a digital prime personal loan for salaried professionals, reinforcing its commitment to innovative financial solutions.

Commenting on the launch, the Managing Director & CEO of Poonawalla Fincorp, Mr Arvind Kapil, said, “Education is the most powerful investment in the future, and finance should never be a barrier to ambition. With our education loan solutions, we are committed to empowering students to access world-class learning opportunities and build a brighter tomorrow.”

Conclusion

With a risk-first approach, PFL continues to focus on simplifying lending, enhancing customer experience, and driving financial inclusion. 

On March 10, 2025, Poonawalla Fincorp share price opened at ₹290.00, up from its previous close of ₹288.45. At 11:20 AM, the share price of Poonawalla Fincorp was trading at ₹292.60, up by 1.44% 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.

Zee Entertainment Enterprises Ltd has been in focus on Monday. On March 10, 2025, Zee Entertainment share price (NSE: ZEEL) opened at ₹104.70, up from its previous close of ₹103.97. At 11:26 AM, the share price of Zee Entertainment was trading at ₹107.24, up by 3.15% on the NSE. Notably, the stock price recently hit its 52-week low at ₹89.32 on March 4, 2025. 

Promoter Buying

On March 7, Zee Entertainment shares surged nearly 6% after its promoters purchased 27 lakh shares from the open market, increasing their total stake from 3.99% to 4.28%. That day, the stock opened at ₹98.29, reached an intraday high of ₹104.75, and closed at ₹103.97 on the NSE.

Achieves Industry-Leading ESG Score in S&P Global Assessment

ZEE Entertainment Enterprises Ltd. (ZEE) has secured an impressive ESG score of 44 in the annual S&P Global Corporate Sustainability Assessment (CSA), significantly surpassing the industry average of 20. This achievement places ZEE among the top 10% of global players in the Media, Movies & Entertainment sector. The company improved its score by 16 points from 2023, ranking in the 93rd percentile. This milestone highlights ZEE’s strong commitment to sustainability, responsible business practices, and ESG excellence across environmental, social, and governance aspects, reinforcing its leadership in the industry.

9M Ended FY 2025 Financial Highlights

For the first nine months of FY25, the company reported an operating revenue of ₹61,100 million, reflecting a 6% decline from ₹64,673 million in 9M FY24. However, profit for the period saw a significant surge, rising 283% year-on-year to ₹4,912 million from ₹1,281 million in the previous year.

Conclusion 

The recent buying activity by promoters signals confidence in the company’s prospects, driving positive sentiment in the market and pushing the stock higher in recent trading sessions. 

 

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.

Indusind Bank Ltd has been in focus on Monday. On March 10, 2025, Indusind Bank share price opened at ₹895.00, down from its previous close of ₹936.75. At 10:56 AM, the share price of Indusind Bank was trading at ₹905.85, down by 3.30% on the NSE. The stock price hit its 52-week low at ₹881.10 today. 

RBI’s Decision on CEO Term Extension

On March 7, 2025, the company announced that the Reserve Bank of India (RBI) had granted a one-year extension to Sumant Kathpalia as the Managing Director and CEO of IndusInd Bank. 

His current term, originally set to end on March 24, 2025, will now extend until March 23, 2026. This decision marks the second time that the RBI has approved a shorter tenure than the three-year term recommended by the bank’s board.

Previously, in March 2023, the RBI had sanctioned only a two-year extension instead of the proposed three-year term. The recent one-year extension deviates from the RBI’s usual practice of granting three-year terms to bank CEOs, raising questions about the regulator’s assessment of leadership continuity at IndusInd Bank.

Sumant Kathpalia’s Leadership and Industry Experience

Sumant Kathpalia is a veteran banker with over 37 years of experience in major multinational financial institutions such as Citibank, Bank of America, and ABN AMRO. He joined IndusInd Bank 17 years ago and has played a crucial role in its strategic growth.

Under his leadership, the bank has expanded its operations and significantly improved its financial position. Since his appointment as CEO in 2020, IndusInd Bank has navigated economic uncertainties, particularly in the microfinance segment.

Challenges in the Microfinance Segment

During Kathpalia’s tenure, IndusInd Bank has faced headwinds, especially in its microfinance loan portfolio. In the December 2024 quarter, the bank reported slippages worth ₹2,200 crore, of which ₹695 crore stemmed from its microfinance segment. The sector has been under stress due to economic disruptions and borrower repayment challenges.

Despite these challenges, Kathpalia has remained optimistic, stating that the incremental stress in the microfinance book is nearing its peak. He believes that as the industry stabilizes, the bank’s financial health will improve.

Conclusion

The RBI’s decision to grant only a one-year extension instead of the typical three-year term raises speculation about regulatory concerns. However, Kathpalia’s leadership has helped IndusInd Bank navigate economic challenges, and his expertise remains crucial for the bank’s future stability and growth.

 

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.

Lemon Tree Hotels has announced the signing of two new properties under its Keys Lite brand in Madhya Pradesh, Keys Lite by Lemon Tree Hotels, Niman, and Keys Lite by Lemon Tree Hotels, Garoth. These hotels will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.

Strategic Location Along Delhi-Mumbai Expressway

Both properties are strategically positioned along the Delhi-Mumbai Expressway, an ambitious 1,350 km long, 8-lane project that passes through Delhi, Haryana, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra. Once completed, the expressway is expected to reduce travel time between Delhi and Mumbai to just 12 hours, enhancing connectivity and boosting tourism in the region.

Hotel Features and Opening Timeline

Both Keys Lite by Lemon Tree Hotels, Niman, and Garoth are scheduled to commence operations by FY26. Each property will feature 42 well-appointed rooms, a restaurant, a banquet hall, a meeting room, and other public areas, catering to both business and leisure travelers.

Exploring Madhya Pradesh’s Cultural and Natural Charm

Madhya Pradesh is known for its rich history, culture, and natural beauty. Niman, part of the Nimar region, has a vibrant tradition of folk literature and Nimadi heritage, with notable figures like Jagadish Joshila contributing to its literary significance. Garoth, located near Gandhi Sagar Lake, shares a boundary with Rajasthan’s Jhalawar district and is part of Ujjain Division, making it a compelling destination for travelers.

Commenting on the development, the CEO – Managed & Franchise Business of Lemon Tree Hotels, Mr Vilas Pawar, said, “We are thrilled to expand our presence in Madhya Pradesh, often referred to as the ‘Heart of India’. The opening of these two new properties will enhance our strategic growth in the state, complementing our portfolio of four existing hotels and four upcoming properties.” 

On March 10, 2025, Lemon Tree Hotels share price opened at ₹130.75, touching the day’s high at ₹131.79, 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.