Rikhav Securities IPO opened for subscription on January 15, 2025 and closed on January 17, 2025.

It was a book-built issue of ₹88.82 crore. The issue was a combination of a fresh issue of 83.28 lakh shares aggregating to ₹71.62 crore and an offer for sale of 20 lakh shares aggregating to ₹17.20 crores. The Rikhav Securities IPO price band was set at ₹82 to ₹86 per share.

On Day 3 of subscription, January 17, as of 6:19 PM, Rikhav Securities IPO was subscribed 307 times. QIBs subscribed 170.92x, NIIs subscribed 616.42x, and retail investors subscribed 251.36x.

The share allotment was finalised on January 20, 2025, and the shares were listed on BSE SME on January 22, 2025.

Rikhav Securities Share Price

On the listing day, on the BSE, Rikhav Securities share price opened at ₹163.40, up from its issue price of ₹86.00. On the BSE, at 10:19 AM, Rikhav Securities share price was trading at ₹171.57, up by 5.00% from its opening price of ₹163.40 and 99.50% up from its issue price of ₹86.00. As of the same time, the stock touched its day’s high at ₹171.57. The company’s market cap was ₹656.98 crore.

About Rikhav Securities Limited

Rikhav Securities Limited (RSL), established in 1995, operates in the domains of equity broking, investing, and trading. The company is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). RSL provides a wide range of financial services, including equity broking for cash delivery, intraday trading, futures, and options. It is actively engaged in trading across various derivative and commodity segments.

The company also facilitates clients’ participation in Initial Public Offerings (IPOs) and offers comprehensive depository services, such as the opening and maintenance of demat accounts. Additionally, RSL acts as a mutual fund advisor and distributor, guiding clients through mutual fund investments and helping them make informed decisions.

RSL is also involved in market-making activities, supporting companies that have recently listed their securities on stock exchanges, thereby contributing to market liquidity and stability.

 

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.

ICICI Prudential Life Insurance Company Ltd announced its financial results for the quarter and nine months ended December 31, 2024.

Key Financial Highlights

For the first nine months of FY 2025, ICICI Prudential Life Insurance reported a 18.3% year-on-year growth in Profit After Tax (PAT), reaching ₹803 crore.

The company also recorded a healthy growth in its Value of New Business (VNB), which rose by 8.5% to ₹1,575 crore. The VNB margin stood strong at 22.8%, reflecting the company’s robust performance in the life insurance sector.

Additionally, the total Annualised Premium Equivalent (APE) grew by 27.2% compared to the same period last year.

Business Growth and Capital Strength

ICICI Prudential Life’s retail protection business was a key contributor to growth, with APE rising by 24.2% to ₹426 crore in 9M FY2025. The annuity business also saw a substantial increase of 81.7%, with APE reaching ₹616 crore.

In Q3 FY2025 alone, the retail protection segment saw a remarkable 40% growth in APE. The retail New Business Sum Assured (NBSA) grew by 39.2% year-on-year to ₹2.28 lakh crore. Moreover, the total In-force Sum Assured surged by 17.0% to ₹37.78 lakh crore.

The company’s assets under management (AUM) stood at ₹3.10 lakh crore as of December 31, 2024. ICICI Prudential Life’s strong solvency ratio of 211.8% exceeds the regulatory requirement of 150%. The company also raised ₹1,400 crore through the issuance of non-convertible debentures.

Commenting on the performance, the MD and CEO of ICICI Prudential Life Insurance, Mr Anup Bagchi, said, “Our focus on aligning with the customer demand has helped us outperform the industry’s premium growth for five consecutive quarters. We have delivered a 31.4% year-on-year Retail Weighted Received Premium (RWRP) growth in 9M-FY2025, on the back of an increase of 14.4% in the number of policies sold.”

He further added, “We recently launched ‘ICICI Pru Wish’, the life insurance industry’s first health plan designed exclusively for women. Another industry-first product proposition we offered in the regular pay annuity segment was ‘ICICI Pru Guaranteed Pension Plan Flexi’ with the ‘Increasing Income’ feature enabling customers to manage inflation. Our customer-focused approach has enabled us to build simplified processes across the policy life cycle. Our 13th-month persistency ratio of ~90% at 9M FY2025, underscores the customers’ trust in the Company.”

Conclusion 

ICICI Prudential Life Insurance continues demonstrating financial performance with growth in key metrics such as PAT, VNB, and APE.

On January 22, 2025, ICICI Prudential Life Insurance Company share price (NSE: ICICIPRULI) opened at ₹620.00, down from its previous close of ₹635.55. At 10:03 AM, the share price of ICICI Prudential Life Insurance Company was trading at ₹580.40, down by 8.68% 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.

Lemon Tree Hotels Limited has announced the signing of two new properties in Guwahati, Assam: Keys Select by Lemon Tree Hotels, G S Road, Guwahati and Keys Select by Lemon Tree Hotels, Dishpur, Guwahati. Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, will manage both properties.

Details of the Properties

Guwahati, known as the “Gateway to the Northeast,” is a vibrant city on the banks of the Brahmaputra River, blending modernity with tradition. Renowned for its historical temples like Kamakhya Temple, Basistha Temple, and Umananda Temple, the city is surrounded by scenic hills and lush forests, making it a captivating destination. As a centre of commerce, education, and tourism, Guwahati is experiencing rapid development while preserving its rich cultural heritage, attracting both visitors and residents alike.

The Keys Select by Lemon Tree Hotels, G S Road, Guwahati, is set to open by FY26. This property will feature 55 well-appointed rooms, a restaurant, a rooftop bar, banquet facilities, meeting rooms, a fitness centre, and other public areas. Conveniently located, the property is approximately 26 kilometres from Lokpriya Gopinath Bordoloi International Airport and about 5 kilometres from the Guwahati Railway Station.

The Keys Select by Lemon Tree Hotels, Dishpur, Guwahati, is expected to open by FY27. This property will offer 60 well-appointed rooms, a restaurant, a rooftop bar, banquet facilities, meeting rooms, a fitness centre, and other public areas. It is situated around 33 kilometres from Lokpriya Gopinath Bordoloi International Airport and about 6 kilometres from the Guwahati Railway Station.

Commenting on the development, the CEO of Managed & Franchise Business at Lemon Tree Hotels, Mr Vilas Pawar, said, “We are delighted to strengthen our portfolio in Assam, a state renowned for its natural beauty, vibrant culture, and rich heritage that is often referred to as the ‘Land of Red Rivers and Blue Hills’. The opening of these two new properties will further complement our strategic growth in the state, adding to our three upcoming hotels already in the pipeline.”

Conclusion 

Both properties are strategically positioned and well-connected by public and private transport, promising exceptional hospitality and amenities in the thriving cultural and commercial hub of Guwahati.

On January 22, 2025, Lemon Tree Hotels share price opened at ₹141.88, touching the day’s low at ₹139.67, as of 9:44 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.

Tata Technologies Limited announced financial results for the quarter ended December 31, 2024.

Key Financial Highlights

The company reported a total operating revenue of ₹13,174 million, reflecting a 2.2% YoY and 1.6% QoQ growth. The services segment revenue stood at ₹10,127 million, marking a 1.2% YoY and 0.8% QoQ increase. In constant currency, services revenue grew by 1.1% QoQ.

Operating EBITDA for the quarter was ₹2,340 million, with an EBITDA margin of 17.8%. Net income rose to ₹1,686 million, registering a 7.1% QoQ growth, while the net margin improved by 70 basis points QoQ to 12.8%.

Commenting on the performance, the Chief Executive Officer and Managing Director, Warren Harris, said, “I am encouraged by the resilience our business has demonstrated in uncertain economic conditions with revenue growth across both our business segments. We secured four large deals this quarter, and our pipeline remains healthy. We are seeing opportunities across Digital Engineering, Smart Manufacturing, Gen AI, and Embedded Software Solutions, fostering measured optimism for Q4 and FY26. We are also investing in advanced tools and capabilities to position ourselves for accelerated growth as policy clarity improves and investments in new product development rebound.”

The Chief Financial Officer, Savitha Balachandran, stated, “I am pleased with our Q3 performance, marked by 1.7% top-line growth and a 7% sequential increase in PAT. This performance underscores the strength and adaptability of our diversified service offerings, which enabled us to navigate the complexities of the quarter effectively. Our disciplined execution drove strong cash conversion in the first nine months, with free cash flow exceeding 100% of net income. This further strengthened our balance sheet, with a net cash position of $154 million at the end of December. We remain dedicated to delivering sustainable, long-term value for all stakeholders.”

Conclusion

These results highlight steady growth across key financial metrics for the quarter. On January 22, 2025, Tata Technologies share price (NSE: TATATECH) opened at ₹808.05, down from its previous close of ₹816.85. At 9:37 AM, the share price of Tata Technologies was trading at ₹797.10, down by 2.42% on the NSE. Notably, the stock price touched its 52-week low today at ₹788.65.

 

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 21, 2025, BSE Sensex closed at 75,838.36 down by 1.60%, while Nifty50 dropped by 1.37% to 23,024.65. Stocks like Shakti Pumps (India) Limited and ITI Ltd hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on January 21, 2025

Stocks That Hit Upper Circuit on January 21, 2025

Overview of Companies Hitting Circuits Today

• Shakti Pumps (India) Limited

Shakti Pumps (India) saw a significant rise in its stock price, rising by 5% to close at ₹1,155.15. The stock opened at ₹1,155.15 and reached a high of ₹1,155.15.

• Black Box Limited

Though Black Box experienced a notable decline in its stock price, dipping by 2.09% to close at ₹632.00. The stock opened at ₹658.00 and touched a high of ₹677.75.

• ITI Limited

ITI saw its stock price drop by 4.55% to close at ₹365.85. The stock opened at ₹389.00 and dropped to ₹364.15 as the low of the day.

• EPACK Durable Limited

EPACK Durable saw a decrease in its stock price, dropping by 4.99% to close at ₹501.45. The stock opened at ₹529.80 and dropped to a low of ₹501.45.

• 63 moons technologies limited

63 moons technologies experienced a drop in its stock price, dropping by 4.77% to close at ₹817.00. The stock opened at ₹872.20 and reached a low of ₹815.05.

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.

Tata Consultancy Services (TCS) informed the exchanges that it has inaugurated a new delivery centre in Toulouse, France, aimed at leveraging next-generation technologies such as artificial intelligence (AI), generative AI, machine learning, and data analytics to assist clients in the aerospace and related sectors like manufacturing and defence.

Details of the Delivery Centre

The company stated that the state-of-the-art facility will drive AI-powered transformation, fostering innovation to enhance aircraft design, manufacturing, and maintenance processes for European clients. This includes optimising fuel efficiency, creating advanced materials for lighter aircraft structures, and introducing predictive maintenance solutions to reduce downtime, boost safety, and redefine future passenger experiences.

Located strategically in Blagnac near Toulouse Airport, the centre will be in close proximity to aerospace industry clients.

This marks TCS’ fourth delivery centre in France, joining Lille, Poitiers, and Paris-Suresnes. With 30 years of presence in France, TCS has built strong partnerships with major European businesses, supporting digital transformation initiatives for CAC 40 companies and large enterprises.

The company has significantly invested in its workforce in the country and plans to double its staff in the region. Recently, TCS also launched its innovation hub, TCS Pace PortTM, in Paris to further its commitment to driving economic growth in the area.

The Toulouse delivery centre will play a vital role in expanding recruitment in the region, tapping into the local talent pool, academic collaborations, and TCS’ established expertise in France.

As a certified Top Employer, TCS is dedicated to fostering talent development and innovation through strong ties with prestigious schools and universities, such as Pôle Léonard de Vinci and EPITA, to ensure future generations are well-equipped to succeed in the digital age.

On January 21, 2025, TCS share price opened at ₹4,095.30, touching the day’s high at ₹4,111.00, as of 12:09 PM 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.

Indian Overseas Bank (IOB) has reported its financial results for the quarter and nine months ended December 31, 2024.

Q3 FY 2025 Financial Highlights 

For Q3 FY25, the bank recorded a net profit of ₹874 crore, reflecting a 20.89% year-on-year (YoY) growth from ₹723 crore in Q3 FY24. Operating profit also showed a rise, increasing by 27.30% to ₹2,266 crore from ₹1,780 crore in the same period last year.

Total income for the quarter rose by 13.07%, reaching ₹8,409 crore compared to ₹7,437 crore in Q3 FY24. Interest income grew by 15.16%, reaching ₹7,112 crore, while net interest income (NII) grew by 16.30% to ₹2,789 crore, up from ₹2,398 crore in Q3 FY24.

Other Key Highlights

The bank also showed improvement in asset quality. As of December 31, 2024, the gross non-performing assets (GNPA) ratio improved to 2.55%, down from 2.72% in the previous quarter and 3.90% in Q3 FY24. The net non-performing assets (NNPA) ratio stood at 0.42%, an improvement from 0.47% in Q2 FY25 and 0.62% in Q3 FY24.

In terms of business growth, IOB saw a 9.82% increase in total business, which reached ₹5,42,753 crore compared to ₹4,94,209 crore a year ago. The bank’s total deposits increased by 9.74% to ₹3,05,121 crore from ₹2,78,046 crore as of December 31, 2023.

On January 21, 2025, Indian Overseas Bank share price (NSE: IOB) opened at ₹52.39, almost the same as its previous close of ₹52.52. At 11:43 AM, the share price of IOB was trading at ₹51.65, down by 1.66% 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.

RattanIndia Power Limited has been in focus on Tuesday. On January 21, 2025, RattanIndia Power share price (NSE: RTNPOWER) opened at ₹12.80, almost the same as its previous close of ₹12.78. At 11:06 AM, the share price of RattanIndia Power was trading at ₹12.49, down by 2.27% on the NSE.

The company is set to release its financial results for the quarter and nine months ended December 31, 2024, on January 22, 2025. RattanIndia Power informed the exchanges that a meeting of the Board of Directors will be held on Wednesday, January 22, 2025, to review and approve the unaudited financial results (both standalone and consolidated) for the specified period.

H1 FY 2025 Financial Highlights

For the first half of FY 2025 (H1 FY25), RattanIndia Power reported a significant increase in its Profit After Tax (PAT), which stood at ₹89 crore, compared to ₹20 crore in H1 FY24. This impressive growth highlights the company’s improved financial performance. However, the total income for H1 FY25 decreased slightly to ₹1,806 crore, from ₹1,833 crore in the corresponding period of the previous year.

About RattanIndia Power Limited

RattanIndia Power Limited is one of India’s largest private power generation companies, with a total installed capacity of 2,700 MW. It operates thermal power plants in Amravati and Nashik, Maharashtra, each with a capacity of 1,350 MW. The company plays a crucial role in India’s energy 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.

Multi Commodity Exchange of India Limited (MCX) has been in focus post the announcement of its unaudited financial results for the third quarter (Q3) of FY 2024-25.

On January 21, 2025, MCX share price opened at ₹5,950.00, down from its previous close of ₹6,026.90. At 10:41 AM, the share price of MCX was trading at ₹5,487.90, down by 8.94% on the NSE.

Q3 FY 2024-25 Financial Highlights

For the quarter ended December 31, 2024, MCX reported a total income of ₹324 crores, an increase from ₹311 crores in the previous quarter (Q2 FY 2024-25).

Operating income also grew, rising to ₹301 crores from ₹286 crores in the preceding quarter. The company’s EBITDA for Q3 FY 2024-25 stood at ₹216 crores, up from ₹205 crores in Q2 FY 2024-25. The EBITDA margin for the quarter was an impressive 67%, while the profit after tax (PAT) margin was 49%.

Operational Highlights for Q3 FY 2024-25

The exchange witnessed substantial growth in options trading, with the Average Daily Turnover (ADT) increasing to ₹2,07,090 crores from ₹1,93,309 crores in Q2 FY 2024-25. Additionally, the average premium turnover also increased to ₹3,613 crores, up from ₹3,264 crores in the previous quarter. Futures ADT also rose to ₹28,410 crores in Q3 FY 2024-25, compared to ₹26,941 crores in the preceding quarter.

Nine-Month Operational Highlights

For the nine months ended December 31, 2024, MCX’s ADT for both futures and options surged by 106%, reaching ₹2,09,233 crores, compared to the same period last year.

The total number of traded clients in futures and options grew by 49%, reaching ~11 lakh clients. The ADT for commodity futures increased by 33%, reaching ₹27,099 crores compared to ₹20,321 crores in FY 2023-24.

The notional ADT of options rose sharply by 124%, reaching ₹1,82,134 crores, up from ₹81,186 crores during the same period in FY 2023-24.

Additionally, MCX reported notable deliveries during the nine months, with 5.6 metric tons (MT) of gold, 489 MT of silver, and 49,986 MT of base metals delivered via the exchange.

 

 

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.