India’s Tool Sector: A New Frontier in Global Manufacturing

The hand and power tools industry serves as a critical backbone of global manufacturing, supporting essential sectors like construction, automotive, electronics, and infrastructure. In April 2025, NITI Aayog, in collaboration with the Foundation for Economic Development, released “Unlocking $25+ Billion Exports: India’s Hand & Power Tools Sector.” This report outlines a strategic plan to scale India’s tool exports from the current $1 billion to more than $25 billion by 2035. 

While India’s current presence in the global tools export market remains relatively small, the country holds several competitive advantages—cost-effective labour, favourable trade access, and a steadily expanding manufacturing base. These strengths position India to emerge as a serious contender in the global tools supply chain. 

Snapshot of India’s Export Landscape 

Hand Tools 

India’s hand tools industry is rooted in a well-developed MSME network, with prominent production hubs in states like Punjab (Jalandhar, Ludhiana), Maharashtra (Mumbai, Nagpur), and Rajasthan (Nagaur). Core exports include pliers, wrenches, screwdrivers, and hand saws. The sector’s resilience is driven by labour-centric manufacturing, strong local supply chains, and historical development since Independence. 

Power Tools 

In contrast, India’s power tools segment is still developing, hampered by the absence of a robust electronics manufacturing ecosystem needed for producing key components like motors and batteries. 

The United States and the European Union together account for 55–60% of global tool imports, representing a significant opportunity for India to expand its market share. 

Also Read: These Stocks to Benefit From India’s Growing Retail: Trent, V2 Retail and More 

Conclusion 

India is at a critical point in its journey toward industrial expansion. Although the tools sector is not yet a major player in global trade, it holds substantial promise. The NITI Aayog roadmap calls for a focused push to harness India’s unique strengths—an expanding manufacturing base, skilled labor pool, and supply chain integration—while tackling key structural gaps. 

 

 

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. 

India’s BrahMos Missile Exports: Philippines Became First Nation to Import

In a landmark move for India’s defence industry, the country has delivered the second battery of its supersonic BrahMos missile system to the Philippines. This significant development is not only a testament to India’s growing capabilities in defence manufacturing but also underscores its expanding role in global arms exports. 

The delivery is part of a deal worth ₹3,202 crore (approximately US$ 375 million) signed in 2022. The missile systems are currently being transported via sea to their destination, marking a crucial step in fulfilling this international contract.  

About BrahMos Missile 

The BrahMos missile, which was jointly developed by India’s Defence Research and Development Organisation (DRDO) and Russia’s NPO Mashinostroyenia, is a remarkable piece of military technology capable of flying at nearly three times the speed of sound, or Mach 2.8. This supersonic speed enables the missile to strike targets with great precision, making it a powerful asset in any nation’s arsenal. 

Philippines Became First Nation 

The Philippines, which is the first nation to import the BrahMos missile, has set a precedent for other countries looking to secure advanced defence systems. Several nations, including Indonesia, Vietnam, Malaysia, the UAE, Chile, and South Africa, have expressed interest in acquiring the BrahMos, recognizing its strategic value. This growing demand reflects a broader trend in global defence diplomacy, where countries are increasingly looking towards India as a reliable partner in military technology. 

Also Read: India’s Defence Exports Marked a New Milestone: Soared 12% in FY25 

Conclusion 

The successful delivery of the BrahMos missile to the Philippines is a momentous achievement for India. It signals the country’s rise as a key player in the global arms market and highlights its growing military capabilities. As more nations express interest in acquiring the BrahMos, India’s role in global defence diplomacy is set to expand, potentially reshaping the balance of power in regions like Southeast Asia, where the demand for advanced weaponry is on the rise. 

 

 

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. 

 

Tata Communications Approves Highest Dividend in 20 Years

On Tuesday, April 22, the board of Tata Communications Ltd., part of the Tata Group, approved a final dividend of ₹25 per share for its shareholders. According to data from the Bombay Stock Exchange (BSE), this dividend payout is the highest approved by the company’s board in over 20 years.

Tata Communications Dividend History

In January 2002, Tata Communications paid an interim dividend of ₹75 per share to its shareholders, following a ₹50 per share payout in September 2001. In 2024, the company distributed a final dividend of ₹16.7 per share, after paying ₹21 per share in 2023, ₹20 per share in 2022, and ₹14 per share in 2021.

Following the substantial payout in 2002, Tata Communications did not issue dividends for the next 5 years but resumed doing so in 2007. Since 2011, the company has consistently paid annual dividends to its shareholders.

Tata Communications Q4FY25 Result

For the quarter ending in March, Tata Communications reported a 6.1% year-on-year increase in revenue, reaching ₹5,990.4 crore. The company’s EBITDA grew by 4.2% to ₹1,122.1 crore, while margins declined by 40 basis points to 18.7% compared to the previous year.

Also Read: Tata Communications Q4 FY25 Net Profit Soars 115% to ₹761 Crore

On April 23, 2025, Tata Communications’ shares opened at ₹1,685.00, and touched the day’s low of ₹1,578.40 at 12:45 PM

 

 

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 April 21, 2025: HCLTech and Tech Mahindra Led Gainers

On April 23, 2025, as of 12:07 PM, the BSE Sensex was up 0.24% at 79,788.41, while the Nifty 50 was up 0.19% at 24,213.85. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
HCLTECH 1,555.00 1,600.00 1,543.70 1,595.00 7.78
TECHM 1,418.90 1,449.40 1,408.00 1,435.80 4.31
INFY 1,446.00 1,487.80 1,439.60 1,480.60 4.06
WIPRO 237.2 242.5 236.1 242.25 3.46
TATAMOTORS 635.95 652.9 633.35 651.6 3.29

Here’s a brief market update based on the top gainers:

HCLTech

HCLTech shares surged 7.78% to ₹1,595.00, hitting a high of ₹1,600.00. The gain came after the release of Q4FY25 earnings.

Tech Mahindra

With a 4.31% increase, Tech Mahindra reached ₹1,435.80, buoyed by positive investor sentiment amid release of Q4 results.

Infosys

Infosys climbed 4.06%, trading at ₹1,480.60, benefiting from strong quarterly performance.

Wipro

Wipro shares gained 3.46% and touched a day high of 242.5 driven by optimistic market outlook.

Tata Motors

Tata Motors rose by 3.29%, trading at ₹651.60. The stock briefly reached ₹652.90, as investors continued to show optimism regarding its future growth prospects.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
HDFCBANK 1,978.90 1,978.90 1,928.40 1,928.50 -1.69
GRASIM 2,750.10 2,763.90 2,693.10 2,708.80 -1.48
EICHERMOT 5,789.00 5,816.50 5,605.50 5,707.00 -1.33
TRENT 5,350.50 5,382.00 5,210.50 5,265.50 -1.08
KOTAKBANK 2,285.00 2,290.00 2,239.90 2,244.90 -1.05

Here’s a brief market update on the top losers:

HDFC Bank

HDFC Bank fell 1.69%, reaching ₹1,928.50, as profit-taking took center stage after the stock’s recent gains.

Grasim

Grasim shares fell 1.48%, trading at ₹2,708.80, as market corrections took a toll.

Eicher Motors

Eicher Motors dropped 1.33% to ₹5,707.00, impacted by selling pressure in the auto sector.

Trent

Trent witnessed a 1.08% dip, closing at ₹5,265.50, as retail stocks faced headwinds.

Kotak Mahindra Bank

Kotak Mahindra Bank lost 1.05%, touched the day’s low of ₹2,239.90 after opening at ₹2,285.00.

 

 

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.

TCS and HCL Tech Set New Benchmarks with Record Dividend Payouts in FY25

India’s leading IT giants—Tata Consultancy Services (TCS) and HCL Technologies—have announced record-breaking dividend distributions for FY25, returning a staggering 93.5% of their annual profits to shareholders. This move strengthens both companies’ adherence to established capital allocation frameworks and signals a firm commitment to delivering shareholder value, even as industry growth moderates.

TCS Final Dividend

TCS declared a final dividend of ₹30 per share for Q4FY25, bringing the total annual dividend to ₹126. The company’s dividend payout ratio surged to 94% in FY25 from 58% the previous year, resulting in a total cash outflow of ₹44,962 crore to shareholders. Tata Sons, which holds a 71.8% stake in TCS as of March 2025, will receive ₹32,300 crore of this distribution.

HCL Declares Final Dividend

HCL Technologies, India’s 3rd-largest IT services firm, also boosted its final dividend to ₹18 per share, taking the total for FY25 to ₹60—a 15.4% increase year-over-year. The company’s payout totalled ₹16,250 crore, maintaining a high payout ratio of 93.5%. Notably, this marks HCL’s 89th consecutive quarter of dividend distribution.

Also Read: TCS vs Infosys vs Wipro: Which IT Giant Delivered Highest Profits in Q4FY25?

Strong Dividend Payout Despite Mixed Earnings Performance

The hefty capital returns by TCS and HCL come despite subdued earnings growth in FY25. TCS reported a 6% increase in net profit to ₹48,553 crore—it’s slowest in 3 years—while HCL’s profit rose 11% to ₹17,390 crore.

HCL’s dividend payments have outpaced its profit growth by a wide margin. Over the past 5 years, its dividend payouts have grown at a compound annual growth rate (CAGR) of 54%, compared to a 9.5% CAGR in net profits.

Also Read: HCLTech Q4 Results: Net Income Rises 8.1% YoY, ₹18 Dividend Announced; 6% Rise in Share Price

Conclusion

These final dividend proposals, announced alongside the Q4 earnings, remain subject to approval at the respective companies’ upcoming Annual General Meetings (AGMs).

 

 

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.

When Did BSE Issue Bonus Shares for the First Time?

On March 30, 2025, the Bombay Stock Exchange (BSE) announced a 2:1 bonus issue, which means eligible shareholders will receive two bonus equity shares for every one share they currently hold. This issuance is subject to shareholder approval via postal ballot. As BSE gears up for its latest 2:1 bonus share issuance, many investors are curious—when did BSE issue bonus shares for the first time? 

BSE’s First Bonus Share Issue: February 8, 2022

BSE Ltd. first issued bonus shares on February 8, 2022. This was a 2:1 bonus issue, meaning shareholders received 2 bonus equity shares for every 1 share held. The ex-bonus date for this issue was March 21, 2022, while the record date was March 22, 2022.

Second Bonus Issue: March 30, 2025

Fast forward to March 30, 2025, BSE once again announced a 2:1 bonus share issue, reinforcing its commitment to shareholder value. Shareholders will receive two ₹2 equity shares for every one fully paid-up ₹2 share they currently hold. This issuance, however, is still subject to shareholder approval via a postal ballot.

As of now, the record date for this latest bonus issue is yet to be announced, adding to the anticipation among investors. BSE has scheduled its Board Meeting on May 6, 2025, to discuss key financial decisions, including the audited yearly financial results and the recommendation of a final dividend. 

Also Read: Who Is Eligible For BSE’s Bonus Shares?

Conclusion

The record date for the BSE bonus issue is yet to be announced. However, the exchange has scheduled a board meeting on May 6, 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.

Suzlon Energy Bolstered Order Book: Secured 378 MW Contract from NTPC Green

On April 23, 2025, Suzlon Energy Limited announced that it had received another 378 MW order from state-owned NTPC Green Energy Ltd. After this significant business development, Suzlon share price recorded a negative reaction and fell ~2% to the day’s low of ₹58.12 at 10:25 AM after opening at ₹59.61

Scope of New Contract

Under the new contract, Suzlon will deliver 120 S144 Wind Turbine Generators (WTGs), each equipped with Hybrid Lattice Towers (HLTs) and a rated capacity of 3.15 MW. The project is set to be carried out in the Gadag region of Karnataka. Suzlon will also be responsible for the foundation work, installation, and commissioning of the turbines, in addition to offering ongoing maintenance and support services.

Suzlon Order Book with NTPC Green

Suzlon Energy had received its largest wind energy order of 1,166 MW from NTPC Green Energy in September 2024. The company further stated in the exchange filing that this is the second order won from NTPC Green Energy in the last 8 months. Suzlon’s total orders with NTPC Green Energy now stand at 1,544 MW after including this order.

Management Take on New Contract with NTPC Green

Girish Tanti, Vice Chairman, Suzlon Group, said, “We are honoured to be a strategic partner in NTPC’s ambitious vision to accelerate India’s clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU’s renewable journey by providing high‐quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing India’s leadership in the global clean energy movement continues.” `

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Securing major and high‐quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting India’s clean energy goals. This partnership strengthens our role as a trusted partner in India’s renewable energy journey.”

Also Read: Suzlon Energy Share Price Declines 17%, Touches One-Month Low

Conclusion

With this new order, Suzlon has consolidated its largest partnership with NTPC Green Energy Ltd. (NGEL) to 1,544 MW. This win cements Suzlon’s market leadership and commitment to large-scale growth.

 

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.

Ather Energy IPO Set to Open on April 28: Price Band Fixed at ₹304 to ₹321 Per Share

Ather Energy IPO is set to open on April 28 and will close on April 30, 2025. Ather Energy Limited submitted its Red Herring Prospectus (RHP) on April 22, 2025. Ather Energy IPO allotment is expected to be finalised on May 2, 2025, and will be listed on BSE and NSE with a tentative listing date of May 6, 2025.

The company has appointed Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, JM Financial Limited, Nomura Financial Advisory and Securities (India) Pvt Ltd as the book running lead managers, while Link Intime India Private Ltd is the registrar for the issue.

Ather Energy IPO Details

The ₹2,980.76 crore Ather Energy IPO comprises a fresh issue of 8.18 crore shares aggregating to ₹2,626.00 crore and an offer for sale of 1.11 crore shares aggregating to ₹354.76 crore. The price band for this upcoming IPO has been set at ₹304 to ₹321 per share. The minimum lot size for an application is 46, and the minimum amount of investment required by retail investors is ₹13,984.

Ather Energy IPO: Use of Funds

  • Capital expenditure to be incurred by the Company for the establishment of an E2W factory in Maharashtra, India.
  • Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company.
  • Investment in research and development.
  • Expenditure towards marketing initiatives.
  • General corporate purposes.

About Ather Energy Limited

Started in 2013, Ather Energy Limited is an Indian electric two-wheeler (E2W) company, which designs, develops, of electric scooters via its in-house assembly of electric scooters, battery packs. The company is also involved in providing charging infrastructure and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development.

The company sold 1,07,983 E2Ws and 1,09,577 E2Ws in the 9M ended December 31, 2024, and FY24, respectively.

As of December 31, 2024, the company owns 265 experience centres and 233 service centres in India. In addition, it has 5 experience centres and 4 service centres in Nepal, and 10 experience centres and 1 service centre in Sri Lanka.

The company’s product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform with 64 connected features as of July 2024.

Also Read: Ather Energy IPO: A Comparison with Ola Electric, Hero, TVS, and Bajaj Auto

Conclusion

With the scheduled launch of IPO, Ather Energy is set to become a publicly listed company and will compete with listed players like Ola, TVS Motors and others.

 

 

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.

AU Small Finance Shares Rose 2%: NII and NIM Grew in Q4FY25, Declared Final Dividend

On April 23, 2025, AU Small Finance Bank shares (AU SFB) rose ~2% in morning trade, reaching a day high of ₹635.40 at 09:20 AM, after opening at ₹621.00. The gain in AU SFB share price follows the release of results for the quarter (Q4FY25) and year (FY25) ended March 31, 2025. The bank recorded strong performance in FY25 in the backdrop of a challenging macroeconomic environment. The AU SFB board approved a dividend of ₹1/- per share (10% of face value) for FY 2024-25, subject to shareholders’ approval. 

Q4 FY25 Performance Overview

The Bank delivered a strong performance in Q4 FY25, showcasing robust growth across key financial metrics. Net Interest Income (NII) surged by 57% year-on-year to ₹2,094 crore, up from ₹1,337 crore in Q4 FY24. Net Interest Margin (NIM) expanded to 5.8%, up from 5.1%, reflecting better interest income management.

FY25 Performance Highlights

In FY25, the Bank demonstrated impressive financial strength, with solid growth across earnings and profitability metrics. Net Interest Income (NII) climbed 55% year-on-year to ₹8,012 crore, up from ₹5,157 crore in FY24, while Other Income rose 49% to ₹2,526 crore from ₹1,697 crore. Pre-Provisioning Operating Profit (PPoP) posted an 86% YoY increase, reaching ₹4,581 crore compared to ₹2,466 crore last year. Net Profit stood at ₹2,106 crore, marking a 32% YoY growth over FY24’s ₹1,592 crore (₹1,535 crore including exceptional items).

Advances and Deposit Growth

The Bank’s Gross Loan Portfolio (GLP) reached ₹115,704 crore in FY25, reflecting a healthy 20% year-on-year growth based on merged figures, and a 6.2% increase quarter-on-quarter. Growth was primarily driven by secured lending, which rose 25.3% YoY and 8.1% QoQ, highlighting the Bank’s strategic focus on asset-backed segments. The Bank continued to strengthen its deposit base in FY25, with Total Deposits increasing by 27% year-on-year based on opening merged financials, and 10.7% quarter-on-quarter.

Also Read: AU Small Finance Bank Share Price Rises 5% After Strong Q4 Update

Conclusion

AU Small Finance Bank delivered a strong and well-rounded performance in FY25, despite navigating a challenging macroeconomic landscape marked by subdued GDP growth, tight liquidity, a tough credit environment, persistent inflation, and elevated interest rates. This performance was underpinned by disciplined underwriting practices, effective cost of funds management, and continued efforts to control operational expenses.

 

 

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.

Mahindra Finance Shares in Focus: PAT Slipped 32% YoY, Proposed Final Dividend of ₹6.50

On April 23, 2025, Mahindra Finance share price is on investors’ radar as the company released its earnings for Q4FY25 on April 22. For FY25, Mahindra Finance recommended a final dividend of ₹6.50 per equity share (face value ₹2), representing 325%, slightly higher than last year’s ₹6.30.

M&M Financial Q4FY25 Highlights (Standalone)

Mahindra Finance posted a 33% year-on-year increase in Profit After Tax (PAT) for FY25. The company’s loan book expanded by 17%, while annual disbursements grew by 3%, reflecting steady demand despite a moderate performance in the core “Wheels” business. Asset quality remained well-managed with Gross Stage 3 (GS3) assets at 3.7% and combined Stage 2 and Stage 3 assets at 9.1%. Credit costs stood at a disciplined 1.3%, reflecting effective risk control.

FY25 Consolidated Financial Performance

During Q4FY25, Mahindra Finance reported consolidated total income of ₹4,897 crore, a 13% rise compared to the same period last year and a 2% increase over Q3FY25. However, quarterly PAT declined by 32% YoY to ₹456 crore, and was also down 50% sequentially. Disbursements reached ₹16,328 crore; a marginal 1% YoY increase but 5% lower than the previous quarter. For the full year, the company delivered ₹18,530 crore in income and ₹2,261 crore in PAT, both reflecting a 16% YoY increase. Total disbursements for FY25 stood at ₹60,741 crore, up 4% from FY24.

Operational Overview

For Q4FY25, the company recorded disbursements of ₹15,530 crore, reflecting a modest 2% growth YoY. On an annual basis, disbursements rose 3% to approximately ₹57,900 crore. While overall growth was measured, the SME segment stood out with a robust 48% jump in disbursements. The company’s Gross AUM grew 17% YoY, reaching ₹1,19,673 crore.

Collection efficiency remained healthy at 97% in Q4FY25, compared to 98% a year earlier. Stage 3 assets reduced to 3.7% as of March 31, 2025 (from 3.9% in December 2024), while Stage 2 assets improved to 5.4% from 6.3%. Consistent with its goals, Mahindra Finance kept combined GS2+GS3 levels below 10%. The company also maintained a robust liquidity buffer of over ₹10,400 crore, ensuring strong financial resilience.

Also Read: Mahindra Logistics Reports 10.9% Revenue Growth in FY25; Proposed Final Dividend

Conclusion

Mahindra Finance results showcase its strategic focus on business growth. The company remains focused on strengthening its core vehicle finance business while accelerating growth in non-vehicle finance segments.

 

 

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.