Varun Beverages Continued Gaining Streak for Second Straight Session

On March 4, 2025, Varun Beverages shares continued their gaining streak for the second consecutive trading session, reaching a day high of ₹468.00 at 10:20 AM, after opening at ₹456.15. In the past 2 trading sessions, Varun Beverages shares have gained over 7% after falling ~14% in the past week. Currently, the shares of Varun Beverages are trading near its 52-week low of ₹419.40.

Varun Beverages Business Developments

  • In March 2024, Varun Beverages Limited (VBL) began the acquisition of The Beverage Company (Proprietary) Limited, South Africa, along with its wholly-owned subsidiaries (“BevCo”), making BevCo a subsidiary. This acquisition strengthened our presence in franchised territories across South Africa, Lesotho, and Eswatini, as well as in regions with distribution rights, including Namibia, Botswana, Mozambique, and Madagascar.
  • In November 2024, VBL entered into a share purchase agreement with Tanzania Bottling Company SA and SBC Beverages Ghana Limited to acquire 100% of the share capital, subject to regulatory approvals, including from PepsiCo Inc. The equity value of the transaction is approximately USD 154.50 million for Tanzania and USD 15.06 million for Ghana. The acquisition is expected to be finalised on or before 28 February 2025 for Ghana and 31 March 2025 for Tanzania.
  • For the 2024 calendar year, the company commissioned three new greenfield production facilities in India with backward integration: in Supa, Maharashtra; Gorakhpur, Uttar Pradesh; and Khordha, Odisha.

Varun Beverages CY24 Performance Highlights

In CY2024, Varun Beverages Limited achieved a notable performance, with revenue from operations (net of excise/GST) growing by 24.7% year-on-year, reaching ₹200,076.5 million compared to ₹160,425.8 million in CY2023. This growth was supported by a 23.2% increase in consolidated sales volume, which rose to 1,124.4 million cases in CY2024, up from 912.9 million cases in CY2023.

EBITDA for CY2024 saw a significant increase of 30.5%, rising to ₹47,110.7 million from ₹36,094.9 million in the previous year. The EBITDA margin also improved by 105 basis points to 23.5% in CY2024, driven by stronger gross margins. However, this was partially offset by the consolidation of the South African market and the fixed costs associated with new capital expenditures that have yet to reach their full utilisation potential.

 

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.

Will Gold and Silver Prices be Cheaper After Cut in Import Tariff Prices?

The government of India has reduced the import tariff on gold by $11 per 10 grams, lowering the price to $927 per 10 grams. This change comes amid ongoing selling pressure on gold, primarily due to a rebound in the dollar index and profit-taking. The import tariff price of gold represents the base price set by the government to calculate the duty on imported gold. This price is periodically reviewed and adjusted based on market conditions, including fluctuations in the dollar index and global gold prices.

Reduction in Import Tariff Prices for Silver

In addition to gold, the import tariff on silver has been reduced by $18 per kilogram, bringing it to $1,025 per kilogram. This marks the second adjustment to silver’s import tariff in recent weeks, as the government previously raised the base import price by $42 per kilogram in February.

The government revises the import tariff prices for both gold and silver every fortnight. These tariffs serve as the reference prices for valuing gold and silver imports, with import duties based on these prices.

Rising Gold Prices

As the world’s largest importer of silver and the second-largest importer and consumer of gold, India’s import policies significantly influence global precious metal markets. As per news reports, India’s gold imports in February are expected to drop to around 15 metric tons, the lowest for the month in two decades, compared to 103 tons in February 2024.

Gold prices rose on March 3, driven by strong spot demand. Gold futures increased by ₹478 to ₹84,697 per 10 grams as speculators opened new positions, spurred by a decline in the dollar’s value and rising global tensions, which boosted gold’s appeal as a safe haven. The ongoing Ukraine-Russia conflict and uncertain US tariff policies also contributed to gold’s attractiveness.

On the Multi Commodity Exchange, April gold contracts rose by ₹478 (0.57%) to ₹84,697 per 10 grams, with a business turnover of 13,686 lots. Globally, gold futures in New York rose by 0.20%, reaching $2,863.46 per ounce.

Conclusion

The cut in import tariff prices generally leads to a decrease in the overall cost of gold in the domestic market. Since the base import price is now set lower, it decreases the cost of importing gold, which can ultimately lower the retail price of gold.

 

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.

PLI Budget Increased for Key Sectors to Strengthen Manufacturing

India’s manufacturing sector is experiencing an exceptional transformation, backed by government policies aimed at strengthing the nation to global manufacturing leadership. At the heart of this revolution is the Production Linked Incentive (PLI) Scheme, a strategic initiative launched by the government to bolster innovation, improve efficiency, and boost competitiveness across key industries.

A Vision for a Global Manufacturing Powerhouse

The Government of India has dramatically increased budget allocations for several crucial sectors under the PLI Scheme in 2025-26 to accelerate industrial growth. This surge in funding reflects the government’s firm commitment to strengthening domestic manufacturing.

Key sectors such as Electronics and IT Hardware, Automobiles and Auto Components, and Textiles have received significant budget boosts. For example, allocations for Electronics and IT Hardware have jumped from ₹5,777 crore in the revised estimates for 2024-25 to ₹9,000 crore. The Automotive sector has seen a massive increase from ₹346.87 crore to ₹2,818.85 crore, while the Textile sector’s allocation has surged from ₹45 crore to ₹1,148 crore.

Strategic Sectors Under the PLI Scheme

With a robust outlay of ₹1.97 lakh crore (over US$26 billion), the PLI Scheme focuses on 14 critical sectors. Each of these sectors is strategically selected to amplify India’s manufacturing capabilities, drive technological advancements, and bolster its position in the global market. The scheme is designed not only to strengthen domestic production but also to expand exports, aligning with the government’s broader vision of Atmanirbhar Bharat (Self-reliant India).

The 14 sectors covered under the PLI Scheme are:

  1. Mobile Manufacturing and Specified Electronic Components
  2. Critical Key Starting Materials/Drug Intermediaries & Active Pharmaceutical Ingredients
  3. Manufacturing of Medical Devices
  4. Automobiles and Auto Components
  5. Pharmaceutical Drugs
  6. Specialty Steel
  7. Telecom & Networking Products
  8. Electronic/Technology Products
  9. White Goods (Air Conditioners and LEDs)
  10. Food Products
  11. Textile Products: MMF Segment and Technical Textiles
  12. High-Efficiency Solar PV Modules
  13. Advanced Chemistry Cell (ACC) Battery
  14. Drones and Drone Components

FDI Reforms and Their Role

Alongside the PLI Scheme, the Indian government has introduced a series of liberalised Foreign Direct Investment (FDI) reforms, designed to attract global investments and bolster manufacturing capabilities. Between 2019 and 2024, FDI reforms included measures such as allowing 100% FDI under the automatic route in sectors like coal, insurance, telecom, and the space sector. These reforms have driven a surge in FDI equity inflow, with the manufacturing sector alone seeing a 69% increase, rising from USD 98 billion (2004-2014) to USD 165 billion (2014-2024).

Conclusion

The PLI Scheme is a cornerstone of India’s vision for a self-reliant and globally competitive manufacturing sector. With increased budget allocations, rising investments, and growing exports, the scheme is transforming key industries, reducing import dependence, and fostering innovation.

 

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.

Have You Invested in Tata Quant Funds? Check This Important Update

Tata Mutual Fund has decided to merge Tata Quant Fund into Tata Flexi Cap Fund, which will be effective from March 21, 2025. This means that the Tata Quant Fund will no longer exist after this date and its unitholders will be transferred to the Tata Flexi Cap Fund, as mentioned in various news reports.

If investors are not in favour and do not want to participate in the merger, then they have a choice to exit or switch their investments without incurring an exit load until March 20, 2025. The record date for the merger is March 21, 2025.

What This Means for Investors

  • Investors holding the Income Distribution Cum Capital Withdrawal (IDCW) option in Tata Quant Fund will be transitioned to the IDCW-Periodic option of Tata Flexi Cap Fund.
  • Those invested in the Growth option of Tata Quant Fund will have their holdings moved to the Growth option of Tata Flexi Cap Fund.
  • The allocation of units will be determined based on the Net Asset Value (NAV) as of the record date.

Impact on SIPs, STPs and SWPs Holders

Investors with SIP, STP, and SWP in Tata Quant Fund will continue their investments under the respective plans of Tata Flexi Cap Fund unless they choose to opt-out. Investors who wish to cancel their systematic investment facilities must do so before the merger.

Key Points to Consider

  • Units of Tata Quant Fund held in demat form will be replaced with proportionate units of Tata Flexi Cap Fund.
  • The exit window is available only to investors holding units as of March 20, 2025. Redemption and switch-out requests submitted before 3 PM on a business day will be processed at the same day’s NAV, while requests after 3 PM will be processed at the next business day’s NAV.

Conclusion

After the merger of Tata Quant Fund into Tata Flexi Cap Fund on March 21, 2025, Tata Quant Fund will no longer exist and its unitholders will be transferred to the Tata Flexi Cap Fund.

 

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: Pranav Constructions Filed DRHP With SEBI to Raise Funds Via IPO

The Mumbai-based, redevelopment projects player Pranav Constructions has submitted its draft red herring prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO).

Pranav Constructions IPO Details

The Pranav Constructions IPO, priced at a face value of ₹10 per share, includes a fresh issuance of ₹392 crore, along with an offer for sale (OFS) of up to 28,56,869 equity shares, which will be sold by both the promoter and an investor selling shareholder.

Use of IPO Proceeds

Pranav Constructions intends to use the net proceeds from this upcoming IPO for various purposes, including covering expenses related to obtaining government and statutory approvals, purchasing additional FSI, compensating residents for alternate housing and hardship related to ongoing and upcoming redevelopment projects (“Funding Redevelopment Expenses”); repaying and/or prepaying certain company borrowings; and funding the acquisition of future redevelopment projects, along with meeting general corporate requirements.

As part of the OFS, BioUrja India Infra Private Limited will sell up to 23,07,472 equity shares, while Ravi Ramalingam will offload up to 5,49,397 equity shares.

About Pranav Constructions Limited

A prominent redevelopment firm in Mumbai, Pranav Constructions primarily focuses on redevelopment projects in the Western Suburbs, with a particular emphasis on affordable, mid-range, and aspirational housing.

The company is recognised as one of the leading real estate firms, noted for its substantial supply of units and the number of MCGM (Municipal Corporation of Greater Mumbai) redevelopment projects either completed or underway. Currently, Pranav Constructions is managing 27 MCGM redevelopment projects in the Western Suburbs, totalling 1,503 units. In comparison, other developers have between 2 to 7 MCGM redevelopment projects, all launched between CY 17 and CY 24.

 

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.

Top Gainers and Losers of the Day: BEL Lead Gains, Bajaj Auto Slides on March 3, 2025

On March 3, 2025, the Indian benchmark indices ended lower, whereby Nifty 50 fell 0.02% to 22,119.30 while Sensex dropped 0.15% to 73,085.94.

Top Gainers of the Day

Symbol Open High Low LTP %chng
BEL 247.5 258.9 244.36 257.5 4.57
GRASIM 2,328.50 2,382.90 2,317.90 2,380.00 3.18
EICHERMOT 4,827.00 4,928.00 4,827.00 4,914.00 2.94
JSWSTEEL 959 981.55 953 976.15 2.68
BPCL 239 243.64 234.01 242.6 2.23

BEL 

BEL saw a solid 4.57% increase, rising from an opening of ₹247.5 to a closing price of ₹257.5, reflecting strong investor confidence.

Grasim

Grasim surged 3.18%, hitting a high of ₹2,382.90, driven by positive market sentiment and strong fundamentals.

Eicher Motors

Eicher Motors climbed 2.94%, reaching ₹4,914, supported by its consistent performance and strong market presence.

JSW Steel

JSW Steel gained 2.68%, peaking at ₹981.55, reflecting robust growth in the steel sector.

BPCL

BPCL rose 2.23%, closing at ₹242.6, bolstered by improved investor outlook and favourable market conditions.

Top Losers of the Day

Symbol Open High Low LTP %chng
BAJAJ-AUTO 7,934.95 7,998.30 7,679.60 7,710.00 -2.44
COALINDIA 370 371 352.4 360.6 -2.37
RELIANCE 1,204.00 1,206.45 1,156.00 1,174.00 -2.17
BAJAJFINSV 1,884.70 1,884.70 1,818.70 1,840.00 -1.73
HDFCBANK 1,739.80 1,743.05 1,694.10 1,703.55 -1.67

Bajaj Auto

Bajaj Auto fell 2.44%, dropping to ₹7,710, reflecting a slight setback despite its strong market presence.

Coal India

Coal India saw a decline of 2.37%, with its price dipping to ₹360.6, influenced by softer demand and market conditions.

Reliance Industries

Reliance dropped by 2.17%, closing at ₹1,174, as the stock faced profit-taking amidst market volatility.

Bajaj Finserv

Bajaj Finserv declined 1.73%, ending at ₹1,840, following concerns over sector performance.

HDFC Bank

HDFC Bank slipped 1.67%, closing at ₹1,703.55, amid cautious investor sentiment in the banking 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.

Best Energy Stocks in India For March 2025: Chennai Petroleum, Oil India, HPCL and more- Based on 5Y CAGR

The energy sector is one of India’s eight key sectors, playing a vital role in influencing decisions across other critical areas of the economy. India’s economic growth is closely linked to its energy demands, and as such, the need for oil and gas is expected to grow, making the sector a highly attractive investment opportunity.

India’s primary energy demand is forecasted to nearly double to 1,123 million tonnes of oil equivalent, driven by the anticipated rise in GDP to US$ 8.6 trillion by 2040. Over the past decade, India’s refining capacity has increased from 215.1 million Metric Tons Per Annum (MMTPA) to 256.8 MMTPA, with projections indicating a further rise to 309.5 MMTPA by 2028. In this blog, let’s explore the best energy stocks for March 2025 based on 5Y CAGR

Best Energy Stock Based on 5Y CAGR

Company Name Market Cap (In ₹ Crore) 5Y CAGR (%)
Oil India Ltd 59,517.58 36.62
Chennai Petroleum Corporation Ltd 6,995.86 34.87
Mangalore Refinery and Petrochemicals Limited  19,364.46 22.73
Oil and Natural Gas Corporation Ltd 2,90,604.45 19.63
Hindustan Petroleum Corp Ltd 65,324.15 17.40

Note: The stocks have been sorted based on 5Y CAGR and as of January 01, 2025, and market capitalisation of over ₹5,000 Crore

Overview of 5 Best Energy Stocks

1. Oil India Ltd

Oil India Ltd is involved in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. The company has successfully increased its crude oil production, with a 1.4% rise in the quarter ending 31st December 2024, reaching 0.868 MMT compared to 0.856 MMT in the same quarter of 2023. Additionally, crude oil production grew by 4.1% in the nine months ending 31st December 2024, totalling 2.614 MMT, up from 2.511 MMT in the corresponding period of 2023.

Key Metrics:

  • ROE: 18%
  • ROCE: 17.7%

2. Chennai Petroleum Corporation Ltd

Chennai Petroleum Corporation Limited is engaged in refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives. During Q3FY25, the company’s revenue decreased by 25.56% compared to the same period last year, reaching ₹12,940.07 crore. The net profit dropped by 94.31% compared to the same period last year, totalling ₹20.78 Cr in Q3 2024-2025.

Key Metrics:

  • ROE: 35.9%
  • ROCE: 35.1%

3. Mangalore Refinery and Petrochemicals Ltd 

Mangalore Refinery and Petrochemicals Ltd is mainly involved in the manufacturing, purchase, and sale of fertilisers. Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 21% decline in its third-quarter net profit, as a drop in revenues offset the gains from higher refinery margins.

The company’s consolidated net profit for Q3FY25 was ₹309 crore, compared to ₹392 crore during the same period last year, as stated in a company release. Revenue from operations decreased to ₹25,601 crore from ₹28,364 crore in the third quarter of the previous fiscal year, primarily due to lower oil prices.

Key Metrics:

  • ROE: 31.9%
  • ROCE: 25.8%

4. Oil & Natural Gas Corpn Ltd (ONGC) 

ONGC is the largest crude oil and natural gas Company in India, contributing around 71% to Indian domestic production. The company has made significant strides in expanding its global presence and resources. It acquired an additional 0.615% participating interest (PI) in ACG, Azerbaijan, and 0.737% PI in the BTC pipeline. Furthermore, an addendum to the existing ACG PSA was signed, which enables the exploration, development, and production of Non-Associated Natural Gas (NAG) reservoirs in the field.

Key Metrics:

  • ROE: 16.3%
  • ROCE: 18.4%

5. Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd is primarily involved in refining crude oil and marketing petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks. For FY25, the company is planning to incur a CAPEX of ₹ 12,000 crore – ₹ 13,000 crore.

Out of which, the company has already spent CAPEX of ₹6,588 crore. HPCL is dedicated to utilising digital technologies across all areas of our business to drive continuous innovation, enhance operational excellence, and develop new business models, ultimately delivering a superior experience and value to all stakeholders.

 Key Metrics:

  • ROE: 40.4%
  • ROCE: 21.3%

Conclusion

Investing in energy stocks presents substantial potential for long-term growth, particularly as the world shifts toward more sustainable energy sources. The energy sector plays a crucial role in the global economy, with ongoing demand for oil, gas, and renewables creating numerous opportunities within the industry. However, like any investment, energy stocks carry certain risks, including market fluctuations, regulatory changes, and environmental factors.

 

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

Mid-Day Top Gainers and Losers on March 3, 2025: Ultra Tech Cement and Eicher Motors Led Gainers

On March 3, 2025, as of 12:05 PM, the BSE Sensex was down 0.53% at 72,809.07, while the Nifty 50 was down 0.52% at 22,017.55. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
ULTRACEMCO 10,319.25 10,621.80 10,283.15 10,358.20 2.27
EICHERMOT 4,827.00 4,910.95 4,827.00 4,874.15 2.11
GRASIM 2,328.50 2,367.70 2,317.90 2,354.95 2.09
WIPRO 279.45 285.25 279.3 283.05 1.94
INFY 1,692.30 1,728.60 1,692.30 1,719.80 1.9

Ultra Tech

Ultra Tech Cement shares opened at ₹10,319.25 and reached a high of ₹10,621.80, showing a day change of +2.27%, closing at ₹10,358.20.

Eicher Motors

With an opening price of ₹4,827.00 and a high of ₹4,910.95, Eicher Motors shares gained +2.11%, closing at ₹4,874.15.

Grasim

Starting at ₹2,328.50, Grasim shares reached ₹2,367.70, marking a 2.09% increase, closing at ₹2,354.95.

Wipro

Wipro shares opened at ₹279.45 and surged to ₹285.25, gaining 1.94% on the day, closing at ₹283.05.

Infosys

Infosys shares opened at ₹1,692.30 and climbed to ₹1,728.60, closing at ₹1,719.80 with a gain of 1.9%.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
COALINDIA 370 371 352.5 354.35 -4.06
INDUSINDBK 978.95 982.95 947 959.15 -3.13
RELIANCE 1,204.00 1,206.45 1,156.00 1,162.95 -3.1
BAJAJFINSV 1,884.70 1,884.70 1,822.65 1,823.05 -2.63
ADANIENT 2,109.00 2,120.95 2,026.55 2,045.65 -2.4

Coal India

Coal India shares opened at ₹370 and hit a low of ₹352.5, dropping by 4.06%, closing at ₹354.35.

IndusInd Bank

With an opening price of ₹978.95 and a low of ₹947, IndusInd Bank shares declined by 3.13%, closing at ₹959.15.

Reliance Industries

Reliance Industries shares opened at ₹1,204.00 and reached a low of ₹1,156.00, losing 3.1% to close at ₹1,162.95.

Bajaj Finserv

Starting at ₹1,884.70, Bajaj Finserv shares fell to ₹1,822.65, ending the day down by 2.63%, closing at ₹1,823.05.

Adani Enterprises

Opening at ₹2,109.00, Adani Enterprises shares dropped to ₹2,026.55, with a 2.4% decline, closing at ₹2,045.65.

 

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.

NTPC Green Shares Broke Their 5-Day Losing Streak: Gained 1%

On March 3, 2025, NTPC Green shares broke their 5-day losing streak by gaining ~1%, reaching a day high of ₹89.15 at 11:23 AM, after opening at ₹88.81 on BSE. After a cumulative fall of ~20%, NTPC Green shares came into positive territory. The shares of NTPC Green are currently trading near their 52-week low of ₹84.60.

New Capacity Addition to Bikaner Project

On March 3, 2025, the company announced the successful commissioning of the fourth and final segment, with a capacity of 18.32 MW, of the 300 MW Shambu ki Burj-2 (Kolayat) Solar PV Project in Bikaner, Rajasthan. The first segment, with a capacity of 150 MW, the second segment with 98.78 MW, and the third segment with 32.90 MW have already been declared commercially operational.

Signing of MoU with MP Government

To support the development of Renewable Energy Parks/Projects and assist the Government of India’s energy transition efforts, a Memorandum of Understanding (MoU) has been signed between NTPC Green Energy Limited (NGEL) and Madhya Pradesh Power Generating Company Limited (MPPGCL).

The MoU outlines collaboration in the renewable energy sector, with plans to establish projects that include Solar, Wind, and Hybrid systems, with or without storage, totalling up to 20 GW or more in Madhya Pradesh. MPPGCL and NGEL will work together to form a Joint Venture Company (JVC) aimed at fulfilling the Renewable Generation Obligation (RGO) of Madhya Pradesh Generating Company and the Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs.

 

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.

Ashok Leyland Share Price Gained After Release of February 2025 Sales Data

On March 3, 2025, Ashok Leyland share price rose by 3.3%, reaching a day high of ₹219.80 at 09:45 AM on the BSE. The gain in Ashok Leyland share came after the company reported its February 2025 sales figures, whereby, it posted total domestic vehicle sales of 15,879 units, reflecting a 4% decline compared to February 2024.

In the domestic market, the Medium and Heavy Commercial Vehicle (M&HCV) segment saw a 7% YoY drop, with 10,110 units sold. Within this segment, truck sales fell by 3%, while bus sales experienced a more significant 23% decline. On the other hand, the Light Commercial Vehicle (LCV) segment showed a slight increase, with sales rising by 1% to 5,769 units.

Growth in Total Sales

When including exports, Ashok Leyland’s total sales reached 17,903 units in February 2025, marking a 2% YoY growth. This increase was driven by a 5% rise in LCV sales, which reached 6,417 units, while M&HCV truck sales saw a slight 1% rise. However, M&HCV bus sales dropped by 5%, resulting in no overall growth in the M&HCV segment compared to the previous year.

For the fiscal year to date, Ashok Leyland’s total vehicle sales (domestic and exports) amounted to 1,71,037 units, nearly flat compared to 1,71,817 units during the same period last year.

Contract Secured from Tamil Nadu

On February 19, 2025, Ashok Leyland announced that it had secured an order for supplying 320 BS-VI Diesel Fuel Type 12M Low Floor Fully Built Buses to Tamil Nadu State Transport Corporation.

The company added that Ashok Leyland will deliver state-of-the-art BS-VI Diesel Fuel Type 12 Meter Ultra low entry rear engine fully built buses for city operations featuring the advanced iGen 6 BS VI technology with a robust H-Series engine rated at 184 kW (246 hp) equipped with Front and Rear Air Suspension.

 

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.