Indian Overseas Bank (IOB) has been in focus on Wednesday. On January 15, 2025, IOB share price opened at ₹51.80, down from its previous close of ₹53.77. At 10:34 AM, the share price of IOB was trading at ₹49.90, down by 7.20% on the NSE.

This focus was followed by news reports stating that ahead of the upcoming Union Budget for 2025-2026, the Indian government may reduce its stake in five major Public Sector Undertaking (PSU) banks.

Q2 FY 2025 Financial Highlights

For the quarter ending September 30, 2024 (Q2 FY25), the company reported strong financial performance, with total business showing a significant year-on-year (YoY) growth of 12.2%. Total business reached ₹5,40,801 crore, up from ₹4,82,006 crore in the previous year. This growth was driven by a 13.75% increase in total deposits, which stood at ₹3,10,652 crore, as well as a 10.16% rise in gross advances, which amounted to ₹2,30,149 crore. These positive metrics highlight the company’s strong position in the market and its continued expansion.

The bank also reported substantial growth in profitability, with operating profit increasing by 26.89% YoY to ₹2,128 crore, up from ₹1,677 crore in the same period last year. Net profit saw a notable rise of 24.32% YoY, reaching ₹777 crore.

About Indian Overseas Bank

Indian Overseas Bank (IOB), founded on February 10, 1937, by Shri M.Ct.M. Chidambaram Chettyar, has a deep-rooted legacy and a robust presence in the banking sector. Nationalised in 1969, IOB now operates 3,277 branches, 3,501 ATMs, and employs 8,194 business correspondents across India. The bank also has an international presence in four countries: Singapore, Hong Kong, Thailand, and Sri Lanka, catering to over 41 million active customers.

 

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.

HDFC Life Insurance Company Limited is gaining attention on Wednesday ahead of the Q3 FY 2025 financial results announcement.

On January 15, 2025, HDFC Life share price (NSE: HDFCLIFE) opened at ₹604.50, down from its previous close of ₹600.45. At 10:16 AM, the share price of HDFC Life was trading at ₹591.45, down by 1.50% on the NSE. As of the same time, the stock touched its day’s low so far at ₹589.80.

Board Meeting Announcement

In December 2024, the company announced that its Board of Directors would convene on Wednesday, January 15, 2025, to review the unaudited financial results for the quarter and the nine months ending December 31, 2024.

Financial Performance in H1 FY 2025

The company reported an AUM of ₹3.25 lakh crore as of September 30, 2024, reflecting a 23% increase in H1 FY25. The Profit After Tax (PAT) for H1 FY25 reached ₹911 crore, marking a 15% year-on-year growth. The private sector market share in individual WRP grew by 60 bps to 16.3%, and the overall market share reached a record high of 11%.

About HDFC Life Insurance Company Limited

HDFC Life Insurance Company is involved in carrying out the business of life insurance. The company provides a wide range of individual and group insurance solutions. The company’s portfolio contains several insurance and investment products such as pension, savings, protection, etc.

 

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.

HDFC Asset Management Company Limited (HDFC AMC) has announced its financial results for the quarter ended December 31, 2024.

Post the announcement, on January 15, 2025, HDFC AMC share price opened at ₹3,901.85, up from its previous close of ₹3,865.05. At 10:07 AM, the share price of HDFC AMC was trading at ₹4,056.70, up by 4.96% on the NSE.

Q3 FY 2025 Performance

The company reported financial growth for Q3 FY25, with revenue from operations reaching ₹9,343 million, reflecting a 39% increase compared to Q3 FY24. Operating profit stood at ₹7,472 million, marking a 51% growth year-on-year.

The company continues to strengthen its position in the mutual fund industry, maintaining a market share of 11.5% in Quarterly Average Assets Under Management (QAAUM) for Q3 FY25.

HDFC AMC is also among the largest actively managed equity mutual fund managers, with a QAAUM market share of 12.8% for the same period.

Furthermore, the company stated that it remains a preferred choice for individual investors, holding a 13.2% market share of the individual monthly average AUM for December 2024. Notably, 70% of the company’s total monthly average AUM comes from individual investors, surpassing the industry average of 61%.

HDFC AMC’s QAAUM for the quarter ended December 31, 2024, stood at ₹7,874 billion, up significantly from ₹5,515 billion in Q3 FY24. The company also reported a total of 22.1 million live accounts as of December 31, 2024. Additionally, unique customers, as identified by PAN or PEKRN, totalled 12.6 million, achieving a penetration of 24% within the industry, which has a total of 52.6 million unique customers.

 

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.

Shoppers Stop Ltd has declared its results for the quarter ended December 31, 2024. Post the announcement, on January 15, 2025, Shoppers Stop share price (NSE: SHOPERSTOP) opened at ₹667.95, up from its previous close of ₹620.20. At 9:54 AM, the share price of Shoppers Stop was trading at ₹659.40, up by 6.32% on the NSE.

Q3 FY 2025 Financial Highlights

For Q3 FY25, the company reported a GAAP sales revenue of ₹1,311 crore, reflecting a 9% year-on-year (YoY) growth compared to ₹1,207 crore in Q3 FY24. On a Non-GAAP basis, sales revenue stood at ₹1,585 crore, up by 7% YoY from ₹1,483 crore in the same quarter last year, showcasing consistent growth across reporting standards.

Profit After Tax (PAT) for the quarter grew significantly. On a GAAP basis, PAT increased by 37% YoY to ₹49 crore, compared to ₹35 crore in Q3 FY24. Similarly, on a Non-GAAP basis, PAT stood at ₹45 crore, marking an 11% YoY growth from ₹40 crore in the corresponding quarter of the previous year. These results underscore the company’s robust performance and focus on profitability.

Nine Months FY 2025 Financial Highlights

For the nine months ended FY25, the company recorded GAAP sales revenue of ₹3,413 crore, representing a 6% year-on-year (YoY) growth compared to ₹3,213 crore in the same period of FY24. On a Non-GAAP basis, sales revenue was ₹4,143 crore, up by 4% YoY from ₹3,996 crore, indicating steady revenue growth across both reporting methods.

However, Profit After Tax (PAT) for the nine-month period declined significantly. On a GAAP basis, PAT dropped by 93% YoY to ₹4 crore, compared to ₹52 crore in FY24. On a Non-GAAP basis, PAT fell by 71% YoY to ₹15 crore from ₹50 crore in the prior year, reflecting challenges in profitability despite revenue growth.

Commenting on the Q3FY25 results, the MD and CEO of Shoppers Stop Ltd, Mr Kavindra Mishra, said, “We have improved every KPI’s during the quarter. Our strategic focus is to make Private Brands profitable. I am extremely pleased to say that Private Brands generated healthy margin growth, driven by lower markdown and obsolescence. The Beauty category continues to grow, Sales grew +3%, led by a Fragrance +14%. Our flagship store at Inorbit Malad, Mumbai, has been fully renovated and is now operational, featuring premium product offerings and enhanced customer experiences.”

 

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.

Time Medical International Ventures (India) Private Limited, a wholly owned subsidiary of Fischer Medical Ventures Limited, has made a groundbreaking achievement by becoming the first indigenous MRI manufacturer in India to receive the official License to Manufacture for Sale or Distribution of Magnetic Resonance Diagnostic Devices (MRDD) from the Central Drugs Standard Control Organization (CDSCO).

Details of the License 

This milestone is a significant step forward for the Make in India initiative and underscores the company’s commitment to producing high-quality, locally manufactured medical devices that meet stringent international standards.

With this new license, Time Medical is poised to manufacture and distribute advanced MRI systems across India. The company’s product lineup includes the EMMA, MICA, and QUIN MRI systems, all of which are 1.5T MRI scanners that offer exceptional imaging resolution and precision for a wide range of clinical applications. Additionally, the PICA model, a 0.35T MRI scanner, is tailored for specific diagnostic needs. These systems are FDA and CE-approved, ensuring that they meet global safety, quality, and regulatory standards.

The company stated that this achievement not only supports the growing demand for reliable and advanced medical imaging solutions in India but also aligns with Fischer Medical Ventures’ dedication to enhancing diagnostic capabilities and improving healthcare delivery across the country.

Commenting on this development, the Management Team of Fischer Medical Ventures, said, “We are thrilled to be the first Make in India company to receive the CDSCO license for the manufacturing and distribution of MRI systems. This achievement demonstrates the strength and potential of India’s medical device manufacturing sector. With our EMMA, PICA, MICA, and QUIN MRI systems, we are committed to providing hospitals and diagnostic centres with cutting-edge, affordable diagnostic imaging solutions.”

On January 14, 2025, Fischer Medical Ventures share price opened at ₹703.20, touching the day’s high at ₹730.00, as of 1:01 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.

Tata Communications informed the exchanges that the company is strengthening its partnership with Jaguar Land Rover (JLR) to enhance JLR’s connected vehicle ecosystem with the Tata Communications MOVE™ platform.

This collaboration will transform the driving experience globally, providing JLR’s next-generation software-defined vehicles with seamless connectivity and intelligent services, even in remote areas across 120 countries.

Details of the Partnership

The partnership will allow JLR’s new medium-sized SUVs, built on the Electric Modular Architecture (EMA), to maintain uninterrupted access to personalised services like media streaming by transitioning smoothly between mobile networks and operators. This collaboration is also set to enable more secure and efficient data exchange between JLR and customers’ vehicles, facilitating software over-the-air (SOTA) updates and the deployment of advanced driver assistance systems (ADAS).

Currently, JLR’s connected vehicles generate 2.5 terabytes of data daily, with over half a million electronic control units (ECUs) being updated monthly. The integration of the Tata Communications MOVE™ platform will amplify this data exchange, providing real-time monitoring of vehicle performance, enabling quicker updates, and improving vehicle maintenance and servicing. These improvements are expected to reduce ownership costs for car owners and JLR alike.

JLR’s new vehicles, expected to roll out in 2026, will offer a smarter, more efficient, and connected driving experience.

Commenting on the partnership, the Vice President and Global Head of Tata Communications MOVE™, Marco Bijvelds, said, “The automotive industry is continually innovating to meet ever-changing customer demands. Last year, our digital fabric enabled seamless connectivity across all JLR’s production sites globally.”

He further added, “As part of our extended partnership, we’re now powering JLR’s software-defined vehicle journey worldwide and enabling them to deliver advanced driving features in their cars. The insights derived from the data exchanged through our platform will enable JLR to offer personalised customer experiences, opening doors for new revenue streams.”

Mark Brogden, Director of Digital Product Platform Off-Board at JLR, said, “JLR was the first luxury vehicle manufacturer to introduce dual modem, dual eSIM design for enhanced connectivity with the launch of Defender in 2020. The partnership with Tata Communications is the next step in our software-defined vehicle journey, offering highly secure and cost-effective data connectivity across 120 countries. Starting in 2026 with our next generation of medium-size luxury SUVs, Tata Communications MOVE™ aims to deliver continuous connected experiences for our clients, offering features and new software updates over-the-air to meet the expectations of our luxury client base.’’

On January 14, 2025, Tata Communications share price (NSE: TATACOMM) opened at ₹1,648.00, touching the day’s high at ₹1,681.60, as of 10:52 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.

Canara Bank share price has been in focus on Tuesday. On January 14, 2025, Canara Bank share price opened at ₹89.47, up from its previous close of ₹88.52. At 11:40 AM, the share price of Canara Bank was trading at ₹92.20, up by 4.16% on the NSE. As of the same time, the stock price touched its day’s high at ₹92.55. Notably, the stock price touched its 52-week low at ₹87.79 recently on January 13, 2025.

Q2 FY 2025 Financial Highlights

For the period ended 30th September 2024, the bank reported a net profit of ₹4,014 crores, reflecting a growth of 11.31% compared to the previous year. Its global business grew by 9.42% year-on-year, reaching ₹2,359,344 crores as of September 2024. The global deposits stood at ₹1,347,347 crores, marking a 9.34% growth, while global advances (gross) reached ₹1,011,997 crores, showing a growth of 9.53% year-on-year.

Domestic deposits of the bank were ₹1,238,713 crores, reflecting an 8.34% increase compared to the same period last year. Additionally, the retail lending portfolio saw a significant rise, increasing by 31.27% year-on-year to ₹1,94,556 crores, with the housing loan portfolio growing by 12.29% to ₹99,452 crores.

The bank’s asset quality improved, with the Net Non-Performing Assets (NNPA) ratio decreasing to 0.99% in September 2024, compared to 1.24% in June 2024 and 1.41% in September 2023.

As of 30th September 2024, the bank operates a vast network of 9,658 branches, including 3,115 in rural areas, and 9,881 ATMs. The bank also maintains four overseas branches in London, New York, Dubai, and IBU Gift City.

 

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 14, 2025, as of 11:59 AM, the BSE Sensex was up by 0.41% at 76,642.08, while the Nifty50 was up by 0.46% at 23,191.60. Among sectors, the Nifty IT dropped 1.51%.

As of January 14, 2025, 12 PM, the mid-day top gainers and losers are:

Mid-Day Top Gainers 

• Adani Enterprises

Adani Enterprises share price rose 7.87%, opening at ₹2,241.50. The stock touched its day’s high at ₹2,422.90.

• Adani Ports and Special Economic Zone

Adani Ports share price gained 5.60%, opening at ₹1,078.85 and touching the day’s high at ₹1,129.70.

• NTPC

NTPC share price surged 4.56%, opening at ₹300.45, hitting a day’s high of ₹311.85.

• Hindalco Industries

Hindalco Industries share price surged 3.99%, opening at ₹569.90, hitting a day’s high of ₹587.50.

• Tata Motors

Tata Motors share price rose by 2.96%, opening at ₹751.50, hitting a day’s high of ₹779.00.

Mid-Day Top Losers

• HCL Technologies

HCL share price dropped 8.26%. The stock opened at ₹1,936.10 and touched its day’s low at ₹1,797.75. HCLTech reported ₹29,890 crore in Q3 FY25 revenue, 5.1% YoY growth. ₹18/share interim dividend; record date set as January 17, 2025.

• Hindustan Unilever 

Hindustan Unilever share price fell 2.17%. The share price opened at ₹2,465.00 and touched its day’s low at ₹2,393.30.

• Apollo Hospitals Enterprise

Apollo Hospitals share price dropped 1.51%. The share price opened at ₹6,854.60 and touched its day’s low at ₹6,711.90.

• Titan Company

Titan share price slipped 1.42%. The share price opened at ₹3,400.00 and touched its day’s low at ₹3,333.45.

• Reliance Industries

Reliance share price slipped 0.88%. The share price opened at ₹1,244.10 and touched its day’s low at ₹1,227.25.

 

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 Power Ltd has been in focus on Tuesday. On January 14, 2025, Adani Power share price opened at ₹460.00, up from its previous close of ₹449.90. At 11:11 AM, the share price of Adani Power was trading at ₹523.00, up by 16.25% on the NSE. As of the same time, the stock price touched its day’s high at ₹535.00.

Latest Developments

Earlier this month, in January 2025, the company informed the exchanges that CARE Ratings Limited has assigned a ‘CARE AA; Stable’ credit rating to the proposed Non-Convertible Debentures (NCDs) of Adani Power Limited, amounting to ₹5,000 crores. Additionally, the credit ratings for the company’s existing bank loan facilities have been reaffirmed.

The reaffirmed ratings include ‘CARE AA; Stable’ for the long-term bank facilities of ₹21,805.99 crores, ‘CARE AA; Stable / CARE A1+’ for the long-term/short-term bank facilities of ₹8,429.01 crores, and ‘CARE A1+’ for short-term bank facilities amounting to ₹765 crores.

Q2 FY 2025 and H1 FY 2025 Financial Highlights 

For Q2 FY 2025, the company reported a total income of ₹14,062.84 crores, which reflects a slight decrease from ₹14,935.68 crores in Q2 FY 2024. The net profit for the quarter stood at ₹3,297.52 crores, lower than ₹6,594,17 crores reported in the same period last year.

In the first half of FY 2025 (H1 FY 2025), the company recorded a total income of ₹29,536.79 crores, a decline from ₹33,044.69 crores in H1 FY 2024. The net profit for the first half of the fiscal year was ₹7,210,31 crores, down from ₹15,353,59 crores in H1 FY 2024.

About Adani Power Ltd

Adani Power (APL), a subsidiary of the diversified Adani Group, is India’s largest private thermal power producer. The company, along with its subsidiaries, sells power generated from its projects through a mix of long-term Power Purchase Agreements (PPAs), short-term PPAs, and on a merchant basis.

 

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.