Upcoming NFO: HDFC Mutual Fund has Filed SID for HDFC NIFTY PSU Bank ETF FoF

HDFC Mutual Fund has filed the scheme information deed (SID) with the capital market regulator, the Securities and Exchange Board of India (SEBI) for HDFC NIFTY PSU Bank ETF Fund of Fund. It is an open-ended fund of fund scheme investing in HDFC NIFTY PSU Bank ETF. The benchmark for the scheme is NIFTY PSU Bank Index (TRI) since the scheme will invest in stocks which are constituents of NIFTY PSU Bank Index (TRI).

Investment Objective

The investment objective of this upcoming NFO is to provide long-term capital appreciation from a portfolio investing in units of HDFC NIFTY PSU Bank ETF. There is no assurance that the investment objective of the Scheme will be achieved.

Investment Strategy

The fund manager of the scheme shall buy/sell HDFC NIFTY PSU Bank ETF units either directly with the Fund or through the secondary market on the Stock Exchange(s). Investment in debt securities will be guided by credit quality liquidity, interest rates and their outlook.

  • Units of HDFC NIFTY PSU Bank ETF.
  • Government Securities, T-Bills and Repo on Government Securities, units of Liquid and Overnight Mutual Fund Schemes.
  • Short Term Deposits.
  • Repo/ Reverse Repo / Tri- Party repos (TREPS) on Government Securities and Treasury Bills (G-Secs and T-Bills).

Fund Managers

Abhishek Mor

AbhishekMor is the fund manager of the scheme, who has collectively over 7 years experience in Equity Dealing. He is a Chartered Accountant and CFA Level 1. He has previously managed HDFC NIFTY Growth Sectors 15 ETF, HDFC Nifty IT ETF and others

Arun Agarwal

Arun Agarwal is the co-fund manager, who has experience of more than 26 years in equity, debt and derivative dealing, fund management, internal audit and treasury operations.

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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.

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

Upcoming IPO: IndiQube Gains SEBI Approval for ₹850 Crore IPO

The shared office space provider IndiQube has received approval from the market regulator, the Securities and Exchange Board of India (SEBI), to raise ₹850 crore through an initial public offering (IPO).

According to IndiQube’s draft red herring prospectus (DRHP) filed in December 2024, the company plans to issue equity shares worth ₹ 750 crore through a fresh issue and offer ₹100 crore via an offer for sale (OFS). The proceeds will be allocated towards capital expenditure (₹426.6 crore), debt repayment (₹100 crore), and general corporate purposes. ICICI Securities Limited and JM Financial Limited are the lead managers for the offering.

About IndiQube 

Led by co-founders Rishi Das and Meghna Agarwal, the company is part of a growing trend of co-working players seeking public listings amidst rising demand for flexible office spaces. IndiQube, which operates 103 centres across 13 cities, including six Tier-II cities, is supported by venture capital firm WestBridge Capital and investor Ashish Gupta. As of June 30, 2024, its portfolio spans 7.76 million square feet with a seating capacity of 172,451 seats.

Since its founding in 2015, IndiQube has built a diverse client base, including global capability centres (GCCs), Indian corporates, unicorns, and startups. Key clients include Myntra, upGrad, Zerodha, NoBroker, Redbus, Juspay, Perfios, Moglix, Ninjacart, Siemens, and Narayana Health.

IndiQube reported a total revenue of ₹867.6 crore for FY24, up from ₹601.2 crore in FY23. The company’s EBITDA for FY24 stood at ₹263.4 crore, with a Q1FY25 EBITDA of ₹153 crore, reflecting its growing financial strength.

Growth of India’s Flex Office Market

The flex office segment in India witnessed a 22% growth in leasing, reaching 2.2 million square feet in Q1FY25. Bengaluru, Delhi NCR, and Pune made up around 80% of the leasing activity. According to JLL, the total flex space across the top seven cities in India is expected to exceed 100 million square feet by 2026, a significant rise from the current 74 million square feet.

 

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.

Upcoming IPO: Ardee Engineering Filed DRHP For ₹580 Crore Public Offering

The engineering services provider, Ardee Engineering Limited, has filed the draft red herring prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI), to float an IPO. The ₹580 crore Ardee Engineering IPO comprises a fresh issue of ₹500 crore and an offer for sale of ₹80 crore.

Use of IPO Proceeds

Fresh Issue

The company proposes to utilise the net proceeds towards funding the following objects:

  • Funding the capital expenditure requirements of our Company towards setting up two new manufacturing facilities at Seetharampur, Telangana.
  • Funding the capital expenditure requirements of its company towards setting up a new integrated
  • manufacturing facility at Parawada, Andhra Pradesh
  • Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by its Company
  • General corporate purposes.

Offer for Sale

The company will not receive any proceeds from the Offer for Sale, and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.

About Ardee Engineering Limited

Incorporated in 2020, Ardee Engineering Limited is one of the fastest-growing integrated design, engineering and manufacturing companies. The company provides a diversified suite of end-to-end solutions across geographies and end-user industries, with a focus on pre-engineered buildings (PEB), material handling systems (MHS) and engineering services. The company’s business is divided into its primary business lines: (i) PEB, (ii) MHS, and (iii) engineering services. As of December 31, 2024, the company’s order book stood at ₹8,929.55 million.

As of December 31, 2024, the company has executed over 100 PEB projects, which include warehouses and fulfilment centres, data centres, logistics infrastructure, manufacturing units, airports, infrastructure, schools and commercial buildings.

 

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.

US Reciprocal Tariffs to Have Limited Impact on India: Niti Aayog

US President Donald Trump will implement a series of reciprocal tariffs on what he refers to as “Liberation Day,” with an official announcement scheduled for 4 p.m. (local time) on Wednesday in the White House Rose Garden. These reciprocal tariffs are part of a broader set of import duties that President Trump has introduced since taking office on January 20. The measures include high tariffs on imports from Canada and Mexico, industry-specific tariffs on metals, and more recently, on imported automobiles.

US Tariffs to Create Opportunities

Niti Aayog Programme Director Mr Pravakar Sahoo has reassured that the United States’ plan to impose reciprocal tariffs will have a limited impact on India and could present growth opportunities for the nation. Mr Pravakar Sahoo further added that unlike other major US trade partners, such as China, Mexico, and Canada, India is relatively well-positioned in this situation.

While these countries face tariffs ranging between 20-25%, India’s trade dynamics with the US are less vulnerable. The country accounts for a smaller portion of US imports and is not expected to be significantly impacted by the proposed tariff changes.

Though some specific sectors may experience minor challenges, the overall effect on India’s economy is expected to be minimal. A more comprehensive analysis of the situation will be shared in the upcoming edition of Niti Aayog’s quarterly trade watch, providing deeper insights into the potential consequences for India.

US Tariffs on Steel, Aluminium, and Autos

The US has already imposed 25% tariffs on key products such as steel, aluminium, vehicles, and auto parts, affecting several trade partners. However, countries like India, Taiwan, Vietnam, Thailand, and Mexico have benefited from these tariff measures. Despite the imposition of tariffs on China in 2018, these nations have managed to increase their share in US imports, showcasing the evolving dynamics of global trade and the shifting of market shares.

Future of India-US Bilateral Trade

Ongoing negotiations between India and the US aim to finalise the first phase of a trade agreement by the fall of 2025. This agreement is expected to more than double bilateral trade, targeting ₹42,78,000 crore (US$ 500 billion) by 2030. As these negotiations progress, India’s strong manufacturing capabilities and growing Foreign Direct Investment (FDI) potential make it an increasingly important player in global trade.

Niti Aayog member Mr. Arvind Virmani has emphasised the need for India to strengthen its trade ties with major global economies like the US, EU, Japan, the UK, and South Korea. As India continues to expand its manufacturing base and attract more FDI, fostering deeper relationships with these key economic partners will be crucial for future growth.

Conclusion

While the US reciprocal tariffs may pose some challenges to specific sectors in India, the broader impact remains limited. With growing opportunities in global trade, India is well-positioned to leverage these changes for long-term growth and economic collaboration.

 

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.

India’s Coal Production Surpassed One Billion Tonne Mark: Ministry of Coal

The Indian coal sector made significant development by surpassing cumulative production of 1 Billion Tonnes (BT) for the financial year 2024-25. This remarkable achievement has been backed by the relentless efforts of the Ministry of Coal to improve production, streamline dispatches, and bolster the nation’s energy security.

Coal Production Cross I BT Mark

After crossing the 1 billion tonne (BT) mark, coal production reached 1047.57 (Provisional) as compared to 997.83 MT in FY 2023-24, indicating a substantial growth of 4.99%. In addition, the commercial & captive sectors, along with other entities, have achieved an impressive coal production of 197.50 MT (provisional), marking a 28.11% increase from the 154.16 MT recorded during the same period last year.

Growth in Coal Dispatch

Coal dispatch has seen significant growth. The total coal dispatch for FY 2024-25 has surpassed the 1 BT milestone, reaching 1024.99 MT (provisional), compared to 973.01 MT in FY 2023-24, reflecting a notable increase of 5.34%. Dispatch from Commercial, Captive, and other entities also showed substantial growth, totaling 196.83 MT (provisional), a rise of 31.39% compared to the 149.81 MT recorded during the same period last year.

Conclusion

The growing production and dispatch showcased India’s progress in increasing domestic coal production while ensuring efficient distribution to meet growing energy demands. The Ministry of Coal is committed to enhancing self-dependence, decreasing import dependency, and driving sustainable mining practices to strengthen the nation’s energy security and economic resilience.

 

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.

RailTel Shares to Trade Ex-Date on April 2: Interim Dividend of ₹1

RailTel share price will trade ex-date on April 2, 2025, meaning that the shareholders registered in the company’s books will be eligible for the ₹1 interim dividend.

RailTel Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Nov 06, 2024 Interim 1.00
Aug 14, 2024 Final 1.85
Nov 03, 2023 Interim 1.00

RailTel Q3FY25 Earnings Highlights

During Q3FY25, RailTel recorded a growth of 4.7% YoY in net profit to ₹65 crore as compared to ₹62.1 crore in the same quarter of the previous fiscal year (Q3FY24). Revenue from operations saw a 14.8% YoY increase, rising to ₹767.6 crore in Q3FY25, up from ₹668.4 crore in Q3FY24.

On the operating side, earnings before interest, tax, depreciation, and amortisation (EBITDA) fell by 6.6% YoY to ₹121 crore, down from ₹129.7 crore in the corresponding period last year. As a result, the EBITDA margin narrowed to 15.8% in Q3FY25, compared to 19.4% in Q3FY24.

 

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.

Stocks That Hit Circuit Limits On April 1, 2025: PSB, Blue Jet, Godfrey Phillips and More

On April 1, 2025, BSE Sensex closed 1.80% lower at 76,024.51, while Nifty50 settled lower at 23,165.70, down 1.50%. Amidst the market downturn, stocks like PSB, Blue Jet, and Godfrey Phillips hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on April 1, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
PSB 34.86 -20.01 20 221.69 78.9
GVT&D 1,480.85 -5 5 3.7 55.5
TARIL 509.4 -5 5 10.1 52.11
BLUEJET 840.6 -5 5 2.09 17.69
E2E 2,013.85 -5 5 0.74 15.35

Stocks That Hit Upper Circuit on April 1, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
GODFRYPHLP 7,107.65 5 5 1.45 102.36
HESTERBIO 1,505.40 20 20 3 43.87
SENCO 285.95 4.99 5 14.29 40.6
WEBELSOLAR 1,253.75 5 5 2.87 36.01
BIRLACABLE 156 16.52 20 20.74 32.61

 

Overview of Companies Hitting Circuits Today

  • PSB

PSB hit its lower circuit with a sharp 20% decline, driven by a heavy selling volume of 221.69 lakh shares, amounting to ₹78.9 crores in value..

  • Blue Jet

Blue Jet dropped by 5% within the price band, recording a trading volume of 2.09 lakh shares worth ₹17.69 crores..

  • Godfrey Phillips 

Godfrey Phillips hit its upper circuit with a 5% gain, trading 1.45 lakh shares valued at ₹102.36 crores.

  • Senco Gold

Senco Gold saw a near 5% rise, reaching its upper circuit with a trading volume of 14.29 lakh shares, valued at ₹40.6 crores..

  • Birla Cable 

Birla Cable surged by 16.52%, hitting the upper circuit with a volume of 20.74 lakh shares, valued at ₹32.61 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.

March 2025 Auto Sales Data Out: Tata Motors, Maruti Suzuki, M&M and More in Focus

India enjoys a strong position in the global heavy vehicles market as it is the largest tractor producer, second-largest bus manufacturer, and third-largest heavy truck manufacturer in the world. During March 2025, the auto players posted strong numbers, with double-digit growth experienced by Mahindra & Mahindra and two-wheeler manufacturer TVS Motors.

Auto Sales March 2025

Company Name Total Sales (March 2025)  Total Sales (March 2024)  YoY%
Four Wheelers
Maruti Suzuki India Limited 1,92,984 1,87,196 3
Tata Motors Ltd 90.500 90,822 0
Mahindra & Mahindra 83,894 68,413  23
Two Wheelers
TVS Motors Company Ltd 4,14,687 3,54,592 17
Eicher Motors Ltd (Motor Cycles) 1,01,021 75,551  34
Trucks & Buses
Eicher Motors Ltd 12,094 11,242 7.6
Escorts Kubota Ltd 11.374 9,888 15
Ashok Leyland Ltd 24060 22736 6

 

  • For FY25, Maruti Suzuki posted its highest ever total sales of 22,34,266 units. Total sales include highest ever domestic sales of 17,95,259 units and highest ever exports of 3,32,585 units.
  • In the Utility Vehicles segment, Mahindra sold 48,048 vehicles in the domestic market, a growth of 18% and overall, 50,835 vehicles, including exports.
  • TVS Motors recorded a growth of 16% in two-wheeler sales from 3,44,446 units in March 2024 to 4,00,120 units in March 2025.

 

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

 

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

Best Banks in India for April 2025 – Based on 5Y CAGR

If you are a long-term investor, then investing in banking stocks can be a good choice to build wealth. Banks are an integral part of any economy, providing essential financial services such as loans, savings accounts, mortgages, and investment products. Banking stocks often attract both conservative investors looking for stable returns and more aggressive investors searching for growth opportunities. In this article, we will explore the best banking stocks for April 2025.

Best Banks in India for April 2025

Name Market Cap (₹ Crore) Net Profit Margin (%) 5Y CAGR (%)
Indian Bank 72,820.92 13.11 64.27
Karur Vysya Bank Ltd 16,824.01 16.27 58.53
Jammu and Kashmir Bank Ltd 10,151.33 14.70 47.55
Bank of Maharashtra Ltd 35,598.55 17.32 39.89
Indian Overseas Bank 74,950.05 8.97 39.79

Note: The above-mentioned banking stocks have been selected and sorted based on 5Y CAGR as of April 1, 2025

Overview of Best Banking Stocks

1. Indian Bank

Founded in 1907, Indian Bank is a medium-sized bank that offers deposits, loans and services. The Bank’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. During Q3FY25, the bank’s total business increased from ₹12.44 trillion to ₹12.61 trillion, reflecting a year-on-year growth of 8.33%. Deposits have risen from ₹6.93 trillion to ₹7.02 trillion, showing a YoY growth of 7.34%. We have successfully maintained a CASA share of 40%, with CASA growing by 3.70%.

Key Metrics

  • ROE: 15.4%
  • ROCE: 5.92%

2. Karur Vysya Bank Ltd

Karur Vysya Bank is engaged in providing a wide range of banking and financial services, including commercial banking and treasury operations. As of December 31, 2024, the bank’s total business stands at ₹181,993 crores. The bank successfully sustained the growth momentum established in the previous quarters, with its total business reporting a 3% increase. The advances stand at ₹82,838 crores, and deposits have risen to ₹99,155 crores, both reflecting a 3% growth. The loan book has grown by 14% year-on-year and 3% during the quarter.

Key Metrics

  • ROE: 17.2%
  • ROCE: 6.89%

3. Jammu & Kashmir Bank

Jammu & Kashmir Bank (J&K Bank) is engaged in providing a wide range of banking services, including Retail Banking, Corporate Bankin,g & Treasury Operations. The bank has performed reasonably well over the past two quarters in mobilising deposits, achieving a 9.7% year-on-year growth despite a decline in the first quarter. This is noteworthy, especially considering that historically, deposit growth has been stronger in the fourth quarter.

Key Metrics

  • ROE: 16%
  • ROCE: 5.90%

4. Bank of Maharashtra

Bank of Maharashtra is engaged in providing banking services. The Bank’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other banking operations. During Q3FY25, the total business of the bank stood at ₹5.07 lakh crore, reflecting a year-on-year growth of 17%. Advances, amounting to ₹2.29 lakh crore, have grown by 21%, while total deposits have reached ₹2.79 lakh crore, showing a 14% growth. Within this, CASA has also experienced strong growth of 16%, with an addition of ₹14,000 crore in absolute terms year on year.

Key Metrics

  • ROE: 22.8%
  • ROCE: 5.38%

4. Indian Overseas Bank

Indian Overseas Bank is engaged in providing banking services. In Q3 2024-25, CASA grew in absolute terms to ₹1.32 lakh crores, with a year-on-year growth rate of 9.45%. Total deposits reached ₹3.05 lakh crores as of 31st December 2024, reflecting a year-on-year growth of 9.74%. Gross advances increased by 9.93% year-on-year, standing at ₹2.38 lakh crores.

Key Metrics

  • ROE: 9.98%
  • ROCE: 5.41%

Conclusion

Investing in banking stocks can offer solid returns, but it comes with its own set of risks and considerations. Banks are typically stable and provide regular dividends, making them appealing to income-focused investors.

 

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.

IREDA Share Price in Focus: Loan Sanctions and Disbursements Rose in Jan-March 25 Quarter

On April 1, 2025, IREDA share prices fell over 1%, reaching a day low of 158.50 at 11:50 AM after opening at 160.25. The drop in IREDA share price came after the company released its business update for the January- March period on March 31.

Loan Sanctions Rose in Jan- Mar 2025

As per the exchange filing, IREDA posted a 27% growth in its loans sanctioned during the quarter to ₹47,453 crore against ₹37,354 crore that were sanctioned at the end of the same quarter last year. Loan disbursements also saw a 20% year-on-year rise, totaling ₹30,168 crore. The company’s outstanding loan book at the end of the quarter stood at ₹76,250 crore, reflecting a 28% growth from ₹59,968 crore in the corresponding quarter of the previous year.

IREDA Operational Update

On March 27, 2025, IREDA entered into a facility agreement and secured ¥26 billion through External Commercial Borrowing (ECB) from the Tokyo branch of the State Bank of India to support renewable energy projects in India. The agreement also includes a green shoe option of ¥10 billion. The loan will be unsecured and have a tenure of 5 years. Additionally, the company has approved a borrowing plan of ₹30,800 crore for the financial year 2026.

IREDA has raised ₹910.37 crore by issuing Privately Placed Subordinated Tier-II Bonds with a 10-year tenure and an annual coupon rate of 7.74%. The issuance of these Tier-II Bonds is aimed at leveraging current market liquidity to support the company’s borrowing plan. The funds raised will boost IREDA’s Tier-II capital, enhance its net worth, and improve its Capital to Risk-Weighted Assets Ratio (CRAR), thereby strengthening its capacity to finance the country’s clean energy transition.

 

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.