ITC Ltd has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was made during a Board meeting held on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL).

In an exchange filing, ITC stated that the Board of Directors of ITCHL, during the meeting on January 11, 2025, allotted 125,11,71,040 equity shares of Rs 1 each to the shareholders of the company as of the record date, January 6, 2025. This action was taken under the Scheme of Arrangement between ITC Ltd., ITCHL, and their respective shareholders and creditors.

With this development, ITC Hotels ceased to be a subsidiary of ITC Ltd., effective January 11, 2025.

Shareholding Distribution and De-merger Plans

As per the demerger deal, ITC Ltd. will retain 40% of the hotel shareholding, while the remaining 60% will be distributed equally among existing ITC shareholders. The listing date of these shares is yet to be announced as regulatory approvals are still pending. However, market expectations suggest that the stock could be listed on stock exchanges by mid-February 2025.

ITC Demerger Objective

ITC demerger would enable its hotel business to attract investors and strategic partners whose investment strategies align more closely with the hospitality sector. Additionally, it aims to unlock value for shareholders by providing them with a direct stake in the newly formed entity, which will be independently valued by the market.

This move also reflects ITC’s capital allocation strategy, which has evolved in recent years. The strategy, focused on an ‘asset-right’ approach in the hotel business, is expected to reinforce the company’s focus on strategic growth and market-driven operations.

The demerger positions ITC Hotels to become the second-largest hotel chain in India, with a portfolio of 140 hotels across major cities and tourist destinations.

About ITC Hotels Limited

ITC Hotels operates a portfolio of luxury properties across major cities and tourist destinations. Notable brands in its portfolio include ITC Grand Bharat and WelcomHotel, both recognized for their premium offerings in the hospitality industry.

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.

On January 14, 2025, Adani Energy Solution shares soared nearly 6% and touched the day high of ₹735 at 09:45 AM after opening at ₹701.15 on BSE. The gain in Adani Energy share price came after the company released its provisional update for Q3FY25.

Transmission Business

• The company maintained a strong system availability of 99.7% in Q3FY25.
• During Q3FY25, it added 225 circuit kilometers (ckm) to its network, bringing the total transmission network to 26,485 ckm.
• Adani Energy Solutions secured two major projects: Khavda Phase IV Part-D, valued at ₹3,455 crore, and Rajasthan Phase III Part-I (Bhadla-Fatehpur HVDC) with a preliminary cost of approximately ₹25,000 crore.
• The company also received a Letter of Intent (LOI) for Rajasthan Phase III Part-I, marking its largest order win to date.
• The new project wins in FY25 have expanded the under-construction project pipeline to approximately ₹54,700 crore, up from ₹17,000 crore at the beginning of the year.

Distribution Business (AEML and MUL)

AEML (Adani Electricity Mumbai Ltd.)

• Distribution losses in AEML improved to 4.66%.
• The supply reliability (ASAI) was maintained at over 99.9%.
• Total units sold in Q3FY25 rose by 3% YoY to 2,574 million units, driven by increased demand.
• E-payment as a percentage of total collections rose to 83.58%, reflecting higher digital adoption.

MUL (MPSEZ Utilities Limited)

Units sold in MUL surged by 30% YoY to 236 million units, up from 182 million units last year, driven by strong industrial and commercial demand.

Smart Metering Business

• The under-construction smart meter pipeline now stands at 22.8 million meters across nine contracts.
• Installation is progressing well, with a higher ramp-up expected in Maharashtra.
• The untapped market opportunity is estimated at 101 million smart meters.

Other Key Updates

• The MP Package-2 transmission line has been fully commissioned.
• AESL was the lowest bidder in the cancelled smart metering tender for 8.2 million meters in Tamil Nadu. Although the order is not part of its current pipeline, the company plans to participate in the rebidding.
• AESL has joined UNEZA, a global alliance for clean energy and renewable infrastructure development, becoming the first company in India’s power and utilities sector to do so. This alliance focuses on developing grid infrastructure for green energy evacuation.
• As of December 31, 2024, the share of renewable power supplied to the Mumbai circle stood at 36%, with a target of 60% by FY27.

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.

On January 14, 2025, Den Networks shares dropped over 2% and touched the day low of ₹37.25 at 09:25 AM. The fall in Den Networks shares came after the company released its results for the quarter (Q3 FY25) and nine-months ended December 31, 2024.

Den Network Q3FY25 Results Overview

Cable TV service provider Den Networks Ltd reported a 12% year-on-year (YoY) decline in net profit, which stood at ₹42 crore for Q3 FY25. This compares to a net profit of ₹48 crore in the same quarter of the previous fiscal year, as per the company’s exchange filing. Revenue from operations fell by 4.5%, reaching ₹261 crore, down 4% from ₹273 crore in the year-ago period.

At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) dropped 32% to ₹28 crore in the third quarter, compared to ₹41 crore in the same period last year. The EBITDA margin decreased to 11% from 15% a year earlier. DEN Networks reported no gross debt and strong cash reserves of ₹3,089 crore. Additionally, the company achieved an impressive 96% online collection rate, including contributions from its subsidiaries.

About Den Networks Limited

Incorporated in 2007, Den Networks is a leading Cable TV Distribution company in the country with a wide gamut of services. DEN’s Cable operations cover over 450+ cities/towns across 13 key states (Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.

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.

On January 14, 2025, Delta Corp shares slipped over 2% and touched the day low of ₹106.00 at 09:20 AM after opening at ₹110.20 after the company released its results for the quarter and nine months ended December 31, 2024.

Delta Corp Q3FY25 Earnings Overview

The online gaming company reported a YoY growth of 3.7% in net profit, reaching ₹35.7 crore for the third quarter ending December 31, 2024. In the same quarter of the previous year, the company had posted a net profit of ₹34.5 crore, according to a regulatory filing. However, revenue from operations fell by 7.5%, totalling ₹194.3 crore compared to ₹210.1 crore in the previous year.

At the operating level, EBITDA decreased by 42.4% to ₹32.2 crore in Q3 FY25, down from ₹55.8 crore in Q3 FY24. The EBITDA margin also shrank to 16.6% in the reporting quarter, compared to 26.6% in the same period last year. EBITDA stands for earnings before interest, tax, depreciation, and amortisation.

Delta Corp Demerger

The company’s board in September 2024 approved the demerger of its Hospitality and Real Estate Business through a Composite Scheme of Arrangement. As per the scheme, the Hospitality and Real Estate Business, including the project proposed to be developed in Dhargalim, Goa (Dhargal Project) was to be demerged into Delta Penland Private Limited (DPPL).

Objective of Demerger

• Enhanced Focus and Management Accountability: The simplified corporate structure will enable the management to concentrate on the Company’s core business—gaming—thereby improving operational efficiency and accountability. The resulting company will focus exclusively on the hospitality and real estate sectors.
• Unlocking Value: Currently, the Company’s hospitality and real estate assets are undervalued due to its primary association with the gaming industry. This Scheme will unlock greater value for shareholders by issuing one equity share of the resulting company, which will be listed post-scheme, for each share held in the Company.
• Investor Opportunity: Upon implementation of the Scheme, two distinct, publicly listed entities will emerge: the resulting company, focusing on hospitality and real estate, and the original company, continuing in the gaming sector. This structure provides investors with the flexibility to hold shares in one or both companies, aligning their investment strategy with their preferences.
• Sector-Specific Growth and Investment Potential: The two entities will be better positioned to pursue targeted growth strategies within their respective sectors, attracting specialized investors. This separation will also help mitigate risks by diversifying across different 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.

On January 13, 2025, the Indian stock market witnessed heavy selling and as a result, the BSE Sensex closed 1.36% lower at 76,330.01, while Nifty50 dipped 1.47% to 23,085.95. During the significant selling, many stocks, including Adani Wilmar and Shakti Pumps hit circuit limits, reflecting significant price movements. Here is the list of stocks hitting lower and upper circuits today.

Stocks That Hit Lower Circuit on January 13, 2025

Stocks That Hit Upper Circuit on January 13, 2025

Overview of Companies Hitting Circuits Today

Adani Wilmar

On Jan 13, 2025, Adani Wilmar Limited hit a lower circuit of 10% at ₹262.00 on NSE after opening at ₹271.90. Adani Wilmar shares made a new 52-week low of ₹262.00 after hitting a lower circuit. However, the stock touched the day high of ₹274.40.

Reliance Power

Reliance Power shares opened at ₹38.39 on Jan 13, 2024, and hit a lower circuit of 5% at ₹37.03. The stock touched a day-high of ₹39.50.

Vakrangee Ltd

Vakrangee shares touched the lower circuit of 10% at ₹31.04 on Jan 13, 2025. Vakrangee shares opened at ₹33.20 and touched the day high of ₹34.09.

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 electronics manufacturing sector has experienced remarkable growth over the past decade, with total production rising from ₹2.4 lakh crore in 2014 to ₹9.8 lakh crore in 2024. Mobile manufacturing alone has reached ₹4.4 lakh crore, with exports amounting to ₹1.5 lakh crore in 2024. Today, 98% of the mobile phones used in India are manufactured domestically, and smartphones have become the 4th largest export category in the country.

Recently, Union Minister Shri Ashwini Vaishnaw inaugurated Syrma SGS Technology’s cutting-edge laptop assembly line in Chennai. Initially, the facility will produce 100,000 laptops annually, with the potential to scale up to 1 million units within the next 1-2 years. Syrma SGS operates four manufacturing units in Chennai, with Unit 3 now beginning laptop production.

PLI Scheme for Electronics Manufacturing Industry

Launched on May 29, 2023, the Production Linked Incentive (PLI) 2.0 for IT Hardware aims to further bolster India’s electronics manufacturing landscape by offering a 5% incentive to qualifying companies. The scheme includes products like laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices.

With an expected investment of ₹3,000 crore, PLI 2.0 is projected to generate production worth ₹3.5 lakh crore and create 47,000 jobs nationwide. As of December 2024, the scheme has made significant strides, securing ₹520 crore in investments, generating ₹10,000 crore in production, and creating 3,900 jobs.

Lets now have a look at the key companies set to benefit from the growing electronics manufacturing industry:

Note: The stocks mentioned above have been selected from Nifty 500 Universe and sorted based on net profit margin as of Jan 13, 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 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.

NLC India Renewables Limited (NIRL) a fully-owned subsidiary of NLC India Limited entered into a joint venture agreement (JVA) with Assam Power Distribution Company Limited (APDCL). The JVA highlights both organisations’ commitment to implementing sustainable energy solutions for Assam.

The newly formed Joint Venture will play a critical role in addressing Assam’s increasing energy demands. By developing renewable energy projects, the partnership aims to ensure an affordable, reliable power supply and strengthen the State’s long-term energy security. This initiative aligns with the Government of India’s objectives to increase renewable energy penetration in the national energy mix to combat climate change and support sustainable growth.

Focus on Innovation and Environmental Responsibility

The Joint Venture Company is set to contribute significantly to Assam’s energy needs while focusing on minimizing environmental impact. It will prioritize the deployment of innovative technologies to maximize efficiency and reduce carbon emissions, paving the way for a greener future.

This collaboration represents a major effort to foster green energy and sustainable development in Assam. By addressing the State’s energy needs and aligning with India’s renewable energy goals, the Joint Venture is poised to make a valuable contribution to both regional and national energy security.

NIRL’s Role in Advancing Renewable Energy

NLC India Renewables Limited (NIRL) is focused on consolidating the parent company’s renewable assets and leading future projects in the sector. NIRL aims to improve operational efficiency and streamline investments in renewable energy, supporting NLC India’s broader vision of advancing the nation’s energy transition while maintaining environmental sustainability.

Speaking on the occasion, Mr Prasanna Kumar Motupalli, Chairman, NIRL said, “This Joint Venture signifies our collective resolve to empower Assam with clean and sustainable energy solutions. By leveraging the synergies between NIRL and APDCL, we aim to build a robust infrastructure for renewable energy generation and distribution. This initiative will not only ensure energy security for Assam but also catalyze socio-economic development by creating green jobs and enhancing the State’s sustainability index.”

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 research and assessments to form an independent opinion about investment decisions.

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

On January 13, 2025, Waaree Energies shares rose approximately 3%, reaching a day-high of ₹2,648.00 at 11:00 AM on the BSE, after opening at ₹2,556.65. This gain followed the company’s announcement that it is acquiring a 100% stake in Enel Green Power India Private Ltd (EGPIPL) for ₹792 crore, marking a significant expansion of its footprint in the Indian renewable energy sector. Waaree Energies’ board approved the acquisition on January 10, 2025.

Objective of the Acquisition

The acquisition is set to enhance Waaree’s portfolio with EGPIPL’s operational capacity of 640 MWAC (760 MWDC) from solar and wind energy plants. Additionally, EGPIPL is actively developing further renewable energy projects across India. This acquisition will strategically position Waaree Energies to scale its independent power producer (IPP) business, particularly in wind energy.

The transaction is expected to be finalized within the next three months, pending the fulfilment of conditions outlined in the definitive agreements.

About Enel Green Power Development S.r.l.

EGPIPL, a subsidiary of Enel Green Power Development S.r.l., one of Europe’s largest renewable energy companies, has a diversified portfolio in India, including joint ventures with other partners. EGPIPL has demonstrated significant growth in recent years, reporting revenues of ₹112 crore in FY24, ₹266 crore in FY23, and ₹129 crore in FY22, with notable gains in the wind and solar energy sectors.

Upon completion of the acquisition, Enel Green Power India Private Ltd will become a wholly-owned subsidiary of Waaree Energies, further bolstering the company’s strategy to capture a larger share of India’s rapidly growing renewable energy market.

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 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.