BHEL Share Price in Focus: Revenue and PAT Surged During Q3FY25

On February 11, 2025, the share price of Bharat Heavy Electricals Limited (BHEL) fell by approximately 3%, reaching a low of ₹195.90 at 10:40 AM, after opening at ₹203.05. Currently, BHEL share price is hovering near its 52-week low of ₹185.20.

BHEL’s Q3FY25 Financial Performance

BHEL reported a significant increase in its consolidated net profit for the December quarter of 2024-25, rising more than twofold to ₹134.70 crore. This growth was primarily driven by higher revenues. In the same period last year, BHEL had posted a profit of ₹60.31 crore. Total income for the quarter increased to ₹7,385 crore, up from ₹5,599.63 crore in the year-ago period.

BHEL’s Recent Contracts

BHEL has secured a Letter of Award (LOA) from Maharashtra State Power Generation Company (MAHAGENCO) for a 2×660 MW Boiler, Turbine, and Generator (BTG) package at the Koradi Thermal Power Station.

Additionally, BHEL has received a Letter of Intent (LOI) from Rajasthan Part I Power Transmission Limited, a Special Purpose Vehicle under Adani Energy Solutions Limited, for the BF800 High Voltage Direct Current (HVDC) project.

BHEL, in collaboration with Hitachi Energy India Limited (HEIL), has also received a Letter of Intent for designing and executing the HVDC link, along with associated AC substations, to transmit renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh). The project is subject to a contract to be executed at a later date.

 

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.

Astra Security Raised $2.7 Million Funding by Emergent Ventures

Astra Security, a cybersecurity startup based in Delhi, has raised $2.7 million in a growth funding round led by Emergent Ventures. The company intends to use this capital to expand into the US market and enhance its AI-driven security solutions, as stated by Co-Founder and CEO Shikhil Sharma.

Astra claims to have identified more than 5,500 vulnerabilities daily over the past year, helping customers prioritize the remediation of over 2 million vulnerabilities. Sharma anticipates that with the rapid growth of AI adoption, this figure could triple by year’s end.

Although Astra has no physical presence in the US, the company has managed to attract over 60% of its customer base from the Western market through inbound marketing efforts. With the new funding, Astra plans to build a sales team and strengthen its operational presence in the US to drive further growth.

“With AI coming in, everyone is talking about productivity—AI agents handling financials, sales enablement, customer relationship management. But threat actors and hackers are also becoming more productive and innovative,” Sharma explained. “They are building AI agents that hack 24/7. So, you need fire to fight fire. At Astra, we are essentially building this platform which mimics hacker behaviour to continuously find vulnerabilities in our customers’ websites, APIs, and cloud servers.”

Co-Founder and CEO Shikhil Sharma stated that, “We have scaled massively, but we have built the business in a sustainable way. And with AI coming in, we saw a massive opportunity that we could actually build a really, really large outcome out of our business, hundreds of millions in revenue, and that led us to actually raise this growth capital from Emergent Ventures.”

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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.

RBI Revised OMO Operations to ₹40,000 Crore on February 13

On Monday, February 10, 2025, the Reserve Bank of India (RBI) announced it will double the size of its open market operation (OMO) purchase to ₹40,000 crore on February 13, up from the previously planned ₹20,000 crore. The move aims to ease the ongoing liquidity deficit in the banking system.

“Based on a review of current and evolving liquidity conditions, the aggregate OMO purchase amount has been revised to ₹40,000 crore,” the RBI stated in its notification.

Process for Participants

Eligible participants must submit bids electronically via the RBI’s E-Kuber system between 10:30 AM and 11:30 AM on February 13, 2025. In case of system failure, physical bids will be accepted at the Financial Markets Operation Department, with details available on the RBI website.

Auction results will be announced the same day, and successful bidders must ensure securities are available in their Subsidiary General Ledger (SGL) account by 12 noon on February 14.

Additionally, the RBI has set the notified amount for its daily Variable Rate Repo (VRR) auction at ₹2 lakh crore on February 11.

RBI’s Previous Liquidity Operations

As of February 7, the banking system faces a liquidity shortfall of ₹1.33 lakh crore, marking eight consecutive weeks of deficit, according to Reuters. Last week, banks bid for twice the notified amount at the RBI’s 56-day VRR auction. The central bank has already infused over ₹1 lakh crore through bond purchases and dollar/rupee swaps, along with ₹50,000 crore via a 56-day repo auction.

Despite recently cutting its key interest rate by 25 basis points, the RBI did not announce additional liquidity measures, leading to a rise in bond yields.

Governor Sanjay Malhotra reaffirmed that the RBI will continue monitoring liquidity conditions and take necessary steps to maintain financial 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.

EIL Share Price Fell ~3% After Release of Q3FY25 Results: Revenue Down, PAT Up

On February 11, 2025, shares of Engineers India Limited (EIL) dropped by approximately 3% during morning trading, hitting a day’s low of ₹165.00 at 09:20 AM after opening at ₹168.15. The decline in EIL share price followed the company’s release of financial results for the quarter ending December 31, 2025. Despite reporting a strong 72% year-on-year (YoY) increase in net profit—driven by enhanced operational efficiency—EIL’s shares saw a dip. The company’s net profit rose to ₹108.73 crore from ₹63.34 crore in the same quarter of the previous year.

However, revenue from operations fell 12% YoY to ₹764.6 crore from ₹867.6 crore in Q3 FY24. Despite the revenue decline, operational profitability remained robust, with EBITDA surging 95.8% YoY to ₹98 crore, nearly doubling from ₹50 crore in the prior-year period. Additionally, the EBITDA margin improved significantly to 12.8% in Q3 FY25, up from 5.8% in Q3 FY24, reflecting better cost efficiencies and an optimized project mix.

EIL Declares Interim Dividend

The Board of Directors approved an interim dividend of ₹2 per share for the financial year 2024-25. The record date for eligible shareholders is set for February 14, 2025, with the dividend payout commencing on March 3, 2025.

About Engineers India Limited

EIL offers consultancy and engineering services while also executing turnkey projects. Its services span the entire project lifecycle, from conceptualization, planning, and design to procurement, construction, commissioning, and post-execution maintenance across various industries.

 

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.

Torrent Power Set Feb 12 As Record Date For Interim Dividend

The integrated power utility company Torrent Power Limited has set Feb 12, 2025, as the record date for its interim dividend for FY25. On February 04, 2025, Torrent Power declared an interim dividend of ₹14. The company further stated that the interim dividend be paid on March 06, 2025.

Torrent Power Record Date: What This Means For Shareholders?

As Torrent Power has set Feb 12 as the record date for its interim dividend, meaning that Feb 11, marks the last to buy Torrent Power shares to become eligible for the interim dividend. Further, any shares bought on or after Feb 12 (record date), won’t be eligible for the interim dividend.

Torrent Power Operational Performance

During Q3FY25, the company successfully completed its maiden equity raise through a Qualified Institutions Placement (QIP) of ₹3,500 crores (approximately USD 413.20 million). The offering received an overwhelming response from leading global and domestic investors. Additionally, the Company executed an Energy Storage Facility Agreement with MSEDCL to develop and supply 2,000 MW / 16,000 MWh of Pump Storage Hydro Power.

Further, the Company commissioned a 300 MW solar power project, which is backed by a Power Purchase Agreement (PPA) within its own distribution circle.

 

 

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.

Symphony Shares to Trade Ex-Date on February 11: Interim Dividend of ₹2

On February 11, 2025, Symphony shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹2 interim dividend.

Symphony Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Nov 07, 2024 Interim 2.00
Aug 21, 2024 Interim 1.00
July 26, 2024 Final 8.00

Symphony Q3FY25 Earnings Highlights

Revenue showed a strong growth of 32% over the nine-month period; however, there was a slight decline of 2% in the quarterly performance. During the December 2024 quarter, EBITDA and PAT witnessed temporary moderation. This was primarily due to a forex loss of ₹9.4 crore, which accounted for 3.9% of the total revenue. Additionally, there was a temporary calibration in standalone EBITDA and PAT.

The newly launched storage water heaters in India have received positive feedback, with their unique selling points and product features being widely admired. To enhance market reach, sales have commenced through modern retail stores in select states. Furthermore, a nationwide launch via e-commerce and direct-to-consumer (D2C) channels has been planned, starting in January 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.

Indian Rupee Reached Record Low: Touched 87.95 Mark

The Indian rupee fell by 45 paise, reaching a record low of 87.95 against the US dollar in early trading on Monday, February 10, 2025. This was largely due to the strength of the US dollar in the global market and a negative trend in domestic equities.

At the interbank foreign exchange market, the rupee opened at 87.94 before slipping further to its all-time low of 87.95 against the greenback in initial trades. This marked a fall of 45 paise from its previous closing.On Friday, the rupee had gained 9 paise from its all-time low, closing at 87.50 against the US dollar.

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated on Saturday that market forces determine the rupee’s value in relation to the US dollar and that the central bank is not concerned with daily fluctuations in the currency’s value. Malhotra emphasized that the RBI focuses on the rupee’s value in the medium to long term.

The dollar index, which measures the greenback’s strength against a basket of six currencies, was up by 0.22% at 108.28.

Brent crude, the global oil benchmark, increased by 0.63%, reaching USD 75.13 per barrel in futures trade.

Forex traders noted that the Indian rupee is trading with a negative bias. This was attributed to foreign banks purchasing dollars and importers rushing to secure dollars, fearing further depreciation amid global uncertainties.

Domestic Equity Market Declines

The domestic equity market showed a decline, with the 30-share BSE Sensex falling by 426.34 points, or 0.55%, to 77,433.85. The Nifty index also dropped by 134.65 points, or 0.57%, to 23,425.30 points. Foreign institutional investors (FIIs) sold equities worth ₹470.39 crore on a net basis in the capital markets on Friday, according to exchange data.

India’s foreign exchange reserves rose by USD 1.05 billion to reach USD 630.607 billion for the week ending January 31, as reported by the RBI on Friday. The reserves had previously increased by USD 5.574 billion to USD 629.557 billion in the prior week.

 

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.

Varun Beverages Shares Fell ~3% After Release of FY24 Results: Revenue and PAT Surge

On February 10, 2025, Varun Beverages shares fell around 3% and touched the day low of ₹532.50 at 2:30 PM after opening at ₹558.05. The fall in Varun Beverages shares came after the release of results for the quarter and year ended December 31, 2024. Being a major player in the beverage industry, the company has unveiled its impressive financial results, showing solid growth in both revenue and profitability.

Varun Beverages Performance for CY2024

  • Revenue Growth: Varun Beverages saw a notable 24.7% year-on-year (YoY) increase in revenue from operations (net of excise/GST), reaching a total of ₹200,076.5 million in CY2024. This marked a significant rise compared to ₹160,425.8 million in CY2023, reflecting the company’s strong market presence and consumer demand.
  • Sales Volume Surge: Consolidated sales volume also experienced a robust increase, rising by 23.2% YoY to 1,124.4 million cases in CY2024, up from 912.9 million cases in the previous year. This volume growth played a key role in driving the overall revenue expansion.
  • EBITDA and Profitability: EBITDA for CY2024 saw a remarkable 30.5% increase, reaching ₹47,110.7 million compared to ₹36,094.9 million in CY2023. Additionally, the EBITDA margin improved by 105 basis points, reaching 23.5%. The margin expansion was fueled by better gross margins, though the full potential of new capital expenditures and the integration of the South African market partially offset these gains.
  • Profit After Tax (PAT): The company also reported a 25.3% rise in PAT, which reached ₹26,342.8 million in CY2024, up from ₹21,018.1 million in CY2023. This growth was largely driven by strong volume increases and improved margins across its product range.
  • Shift to Healthier Product Mix: A significant trend in CY2024 was the increasing consumer preference for healthier beverage options. The share of low-sugar and no-sugar products in the company’s consolidated sales volume grew to around 53%, up from approximately 42% in CY2023, highlighting Varun Beverages’ successful alignment with shifting market trends.

Varun Beverages Strong Performance in Q4 CY2024

  • Revenue and Sales Volume Expansion: For Q4 of CY2024, Varun Beverages reported a remarkable 38.3% YoY growth in revenue, reaching ₹36,887.9 million. This surge in revenue was supported by continued volume growth and robust demand for the company’s diverse beverage offerings.
  • EBITDA Growth: EBITDA for Q4 2024 stood at ₹5,799.7 million, a 38.7% increase compared to ₹4,182.9 million in Q4 2023. This solid growth was driven by enhanced operational efficiency and a favourable product mix that supported profitability.
  • PAT Increase: The company’s PAT for Q4 CY2024 increased by 36.1%, reaching ₹1,956.4 million, up from ₹1,437.6 million in Q4 2023. This was driven by strong volume growth and further margin improvement during the quarter.

Commenting on the performance for Q4 & CY2024 Mr Ravi Jaipuria, Chairman, Varun Beverages Limited said, “We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations in the new country of the Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix. India volumes grew 11.4%, reflecting the strength of our distribution network and operational execution. Consolidated volumes increased by 23.2%, largely led by new territories resulting in a consolidated revenues increase of 24.7%, EBITDA growth of 30.5%, and PAT growth of 25.3% for the year.

 

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.

Mid-Day Top Gainers and Losers on February 10, 2025: Britannia and Tata Consumers Led Gainers

On February 10, 2025, as of 12:40 PM, the BSE Sensex was down 0.83% at 77,209.54, while the Nifty 50 was down 0.85% at 23,357.30. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
BRITANNIA 4,915.00 5,009.00 4,877.00 4,943.40 1.5
TATACONSUM 1,020.00 1,036.85 1,015.80 1,030.15 0.88
KOTAKBANK 1,935.30 1,952.45 1,923.55 1,946.00 0.87
BHARTIARTL 1,698.85 1,700.00 1,678.05 1,683.05 0.38
WIPRO 318.8 321 315.85 319 0.31

Britannia

Britannia shares saw a strong uptrend today, opening at ₹4,915 and reaching a high of ₹5,009, closing at ₹4,943.40, reflecting a 1.5% gain.

Tata Consumers

Tata Consumers shares gained 0.88%, with a slight rise from its opening price of ₹1,020 to a high of ₹1,036.85, closing at ₹1,030.15.

Kotak Mahindra Bank

Kotak Mahindra Bank shares showed a steady upward movement, opening at ₹1,935.30 and peaking at ₹1,952.45, closing at ₹1,946.00 for a 0.87% gain.

Bharti Airtel

Bharti Airtel shares saw a modest gain of 0.38%, with a high of ₹1,700 and closing at ₹1,683.05.

Wipro

Wipro shares edged up 0.31%, with a slight rise from ₹318.8 to ₹321, closing at ₹319.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
TRENT 5,460.00 5,490.00 5,204.80 5,215.20 -4.39
TATASTEEL 138.1 138.1 133 133.75 -3.3
POWERGRID 275 276 268.1 269.75 -3.02
ONGC 248.95 249.6 241.8 242.3 -2.65
BAJFINANCE 8,478.80 8,488.00 8,235.75 8,249.35 -2.65

Trent

Trent shares experienced a sharp decline of 4.39%, dropping from an opening price of ₹5,460 to a low of ₹5,204.80, closing at ₹5,215.20.

Tata Steel

Tata Steel shares fell by 3.3%, hitting a low of ₹133 after opening at ₹138.10, and closing at ₹133.75.

Powergrid

Powergrid shares dropped 3.02%, reaching a low of ₹268.10, with a closing price of ₹269.75 after opening at ₹275.

ONGC

ONGC shares declined by 2.65%, hitting a low of ₹241.80, and closed at ₹242.30, following an opening price of ₹248.95

Bajaj Finance

Bajaj Finance shares fell 2.65%, opening at ₹8,478.80 and touching a low of ₹8,235.75, closing at ₹8,249.35.

 

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.

Aswath Damondaran: Indian Stock Market is Highly Expensive Among World

India has been one of the worst-performing markets in 2025, according to valuations Guru Aswath Damodaran in his blog post. Despite being part of one of the fastest-growing economies, he believes Indian stocks remain the most expensive. Damodaran also noted that the Chinese Shanghai index has outperformed India’s benchmark index, the Sensex, so far this year.

“The most expensive market in the world is India, and no amount of handwaving about the India story can justify paying 31 times earnings, 3 times revenue, and 20 times EBITDA, in the aggregate, for Indian companies,” Damodaran wrote in a blog post recently.

He argues that while India’s economy is growing quickly, its current valuations are significantly higher than those of most global markets. He refers to EBITDA, which represents a company’s earnings before interest, tax, depreciation, and amortisation, as a key measure of profitability.

Damodaran compares India to other regions, pointing out that some of the more affordable markets, such as those in Latin America and Eastern Europe, come with risks like political instability and slow growth. On the other hand, Japan, often regarded as a low-growth market, is struggling with additional challenges related to its ageing population. His analysis is reflected in the performance of blue-chip stocks across various countries this year.

In particular, the benchmark indices of Argentina, Brazil, and Chile have outperformed those of other nations. Damodaran highlights that while India’s price-to-earnings (P/E) ratios are elevated, other regions are seeing investors pay lower multiples.

His caution about expensive valuations extends beyond India. As a Professor of Finance at New York University’s Stern School of Business, Damodaran notes that certain markets in the Middle East may appear expensive due to market composition, where a large presence of financial services firms, often with no reported revenues, can skew perceptions.

At the same time, regions like Japan and South Korea seem undervalued based on enterprise value-to-sales metrics, despite facing broader economic challenges.

 

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.