On Jan 10, 2025, Phoenix Mills shares rose ~2% intraday and touched the day high of 1684.60 at 10: 03 AM, after opening at 1669.65. The rise in Phoenix Mills shares follows the release of the Q3FY25 and 9MFY25 update, wherein, it reported robust growth across different segments such as retail, hospitality, commercial office, and residential segments.

Retail Performance

The company recorded a YoY growth of 21% in retail consumption to ₹3,998 crore in Q3 FY25. On a like-to-like basis, excluding Phoenix Mall of the Millennium and Phoenix Mall of Asia, consumption rose by 10%.

Key contributors to this growth included:

• A strong festive season, especially at PMC Mumbai, PMC Pune, and Phoenix Palassio.
• The ramp-up of newly launched malls.

For the 9M FY25, retail consumption amounted to ₹10,504 crore, indicating a 23% increase over the same period last year.

Commercial Office Sector

Phoenix Mills posted gross leasing of 1.7 lakh square feet across its commercial assets in Kurla, Mumbai, and Vimannagar, Pune. Occupancy across its operational assets was 69% as of December 2024.

Hospitality Sector Growth

• The St. Regis, Mumbai achieved an 84% occupancy rate in Q3 FY25, up from 82% in Q3 FY24.
• The average room rate (ARR) increased by 11% to ₹22,343, while revenue per available room (RevPAR) surged by 15% to ₹18,855.
• For the 9M FY25, RevPAR increased by 13% to ₹15,831.

Similarly, the Courtyard by Marriott, Agra saw a 19% rise in RevPAR for Q3 FY25.

Residential Sales Performance

In the residential sector, Phoenix Mills recorded gross residential sales of ₹58 crore for Q3 FY25, with collections of ₹38 crore for the quarter. For the first nine months of FY25, gross sales reached ₹135 crore, with collections totalling ₹165 crore.

Retail Space Expansion

Phoenix Mills finished the expansion of Phoenix Palladium in Mumbai, adding approximately 2,50,000 square feet of retail space. New store openings include brands like Uniqlo, Lifestyle, Celio, Ecco, and San-Cha Tea. Additional store launches are planned for the upcoming quarters.

 

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 10, 2025, AWL share price fell ~9% and reached the day low of ₹294.00 at 09:40 AM as compared to the previous close of ₹323.95 on BSE. The fall in AWL share price came after the company announced that its founder would be selling a stake through an Offer For Sale (OFS). Adani Commodities, the promoter entity of Adani Wilmar Limited (AWL) under the Adani Group, will sell 13.5% of its stake, amounting to ₹17.54 crore shares. This is the base issue size. Additionally, the company has a green shoe option to sell an extra 6.5% stake in the OFS.

Price and Timeline for the Adani Wilmar OFS

The price for the Offer For Sale (OFS) has been fixed at ₹275 per share, offering a 15% discount compared to Adani Wilmar’s closing price on Thursday. The OFS will open for non-retail investors on Friday, January 10, and for retail investors on Monday, January 13.

Adani Enterprises’ Exit from Joint Venture

In a related development, Adani Enterprises, the flagship company of the Adani Group, announced plans to exit its Joint Venture (JV) stake in Adani Wilmar. The company will sell 13% of its stake to meet minimum public shareholder requirements. The remaining 31% stake will be acquired by Wilmar International, the other promoter entity of Adani Wilmar.

As of the September quarter, Adani Commodities holds a 43.94% stake in Adani Wilmar, while Lence Pte., a subsidiary of Wilmar International, holds an identical 43.94% stake.

The stake currently held by Adani Enterprises in Adani Wilmar is valued at ₹18,500 crore (over $2 billion). This reflects the significant value of the company and the scale of the stake sale through the OFS.

Adani Wilmar Q3FY25 Business Update

During Q3 FY25, Adani Wilmar recorded a healthy volume growth of 6% YoY in spite of significant price hikes due to the increase in raw material costs. The company’s revenue for the quarter increased 33% YoY. With respect to the edible oils segment, the company managed to maintain its market share through its strategy of having a diverse portfolio of brands at various price points.

 

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 Jan 9, 2025, Indian Renewable Energy Development Agency (IREDA)  released its results for the quarter (Q3 FY25) and nine months ended December 31, 2024. The company posted a YoY growth of 26.8% in net profit (profit after tax) for Q3 FY25, reaching ₹425.4 crore compared to ₹335.5 crore in the same period last year. On a QoQ basis, IREDA’s PAT rose 10% from nearly ₹388 crore in Q2FY25.

The company’s total revenue from operations rose 35%YoY to ₹1,698.45 crore as compared to almost ₹1,253 crore in the corresponding quarter of the last fiscal. The company’s net interest income (NII) also surged by 39% YoY at ₹622.3 crore, up from ₹448.1 crore in Q3FY24.

On Jan 10, IREDA share price opened at ₹218.35 and reached the day low of ₹211.80 at 09:20 AM. 

IREDA 9M FY25 Performance

IREDA’s revenue from operations increased 35% to ₹4,838 crore for the 9 months ended on December 31, 2024. In addition, the company’s bottom line also saw growth of 31% to ₹1,197 crore, as compared to ₹915 crore in 9M FY24. The company had recently approved loans worth ₹31,087 crore during the quarter, which is a growth of 129% from last year. IREDA had sanctioned loans worth ₹13,558 crore during the year-ago period.

IREDA’s Take on RE Outlook

The company believes that the outlook for India’s Renewable Energy (RE) sector is positive, with major policy announcements & ambitious targets. The nation has achieved 200 GW of non-fossil fuel capacity in FY25 (up to Nov 2024). It is expected that India is aiming for 500 GW of non-fossil fuel-based energy by 2030. 

 

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.

India’s Ports & Shipping sector plays a crucial role in the nation’s economic landscape, currently experiencing significant transformation driven by strategic government initiatives. In FY 2023-24, major ports successfully handled over 819 million metric tonnes of cargo, reflecting the sector’s expanding capacity.

To boost coastal shipping volumes by 2030, policies are being refined to encourage greater private sector participation, streamline regulations, and enhance the ease of doing business. Key infrastructure projects, such as dedicated freight corridors and the development of inland waterways, are enhancing multimodal connectivity, which is expected to significantly reduce transportation costs and further strengthen the logistics network.

Key Growth Drivers of Shipping Industry

• The government is strongly supporting the growth of the ports and shipping industry through key initiatives such as the Sagarmala Programme, Maritime India Vision 2030, and the National Monetization Pipeline. These programs are designed to modernize port infrastructure, enhance logistics efficiency, and drive investment into the sector.
• In addition, the government has introduced environmentally-focused initiatives, including the Harit Sagar Green Port Guidelines and the Green Tug Transition Program. These initiatives aim to promote sustainable practices, such as the use of renewable energy, emission reduction, and the adoption of green tugs at major ports.
• Furthermore, the government has enabled 100% Foreign Direct Investment (FDI) in port development, fostering increased global investment in the sector.

Best Shipping Stock Based on 5Y CAGR

Note: The stocks have been sorted based on 5Y CAGR and as of January 09, 2025

Overview of Best Shipping Stocks

Shipping Corporation of India Ltd

Shipping Corporation of India operates across the Liner segment, Bulk segment, and Technical and Offshore. The Shipping Corporation of India announced a remarkable 343% increase in its consolidated net profit, reaching ₹ 291.44 crore in Q2, up from ₹ 65.73 crore in the same period last year. The company’s operational revenue also saw a significant rise, growing by 32.7% to ₹ 1,450.76 crore for the quarter, compared to ₹ 1,093.2 crore in the previous year.

Key Metrics:

• Return on Equity (ROE): 8.49%
• Return on Capital Employed (ROCE): 7.43%

Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry. In Q2FY25, crude tanker earnings saw typical seasonal weakness. Overall, seaborne crude trade dropped by 3% during the quarter, largely due to weak refinery margins. Chinese crude imports decreased by 8% year-on-year. The size of the crude tanker fleet remained unchanged compared to the previous year.

Key Metrics:

• ROE: 21%
• ROCE: 18.5%

Adani Ports & Special Economic Zone Ltd 

Adani Ports & Special Economic Zone is engaged in the development, operations and maintenance of port infrastructure and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to the Port at Mundra. During Q2 FY25, the company completed the acquisition of Gopalpur Port and Astro Offshore and signed 2 new port concession agreements.

Key Metrics:

• ROE: 18.1%
• ROCE: 12.9%

Dredging Corporation of India Limited

Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, the Indian Navy and other maritime organizations in India. Dredging Corporation of India Ltd reported a 14.76% increase in revenue, reaching ₹227.91 crore for Q2 of 2024-2025, compared to the same period last year. On a quarterly basis, the company achieved a significant 50.29% growth in revenue over the past three months.

 Key Metrics:

• ROE: 2.92%
• ROCE: 4.18%

Conclusion

Investing in shipping stocks can offer growth opportunities, especially as global trade continues to grow and the industry undergoes modernization and sustainability shifts. With strategic initiatives by governments and companies alike to enhance port infrastructure, boost maritime connectivity, and adopt greener practices, the shipping sector is poised for long-term growth. However, like any investment, shipping stocks come with their share of risks, including cyclical market trends, geopolitical factors, and fuel price fluctuations.

 

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.

JLR, the UK arm of Tata Motors reported a rise in wholesale volumes for Q3FY25. This positive trend follows supply disruptions experienced in the second quarter of FY25. Wholesale volumes reached 1,04,427 units (excluding the Chery Jaguar Land Rover China JV), marking a 3% increase compared to Q3 FY24. Additionally, the volumes were up by 20% compared to the previous quarter, ending 30 September 2024.

Regional Performance

• North America: A significant increase of 44% in wholesale volumes compared to the same quarter last year.
• Europe: A moderate increase of 6% in wholesale volumes year-over-year.
• China: A decline of 38%, reflecting ongoing challenges in this market.
• UK: A decrease of 17% in wholesale volumes.
• Overseas Markets: A slight decrease of 1%.

For the financial year to date, total wholesale volumes stood at 2,89,485 units, which represents a slight 1% decrease compared to the same period last year.

Retail Sales Overview

Retail sales for Q3 FY25 were recorded at 1,06,334 units (including the Chery Jaguar Land Rover China JV), which reflects a 3% decrease compared to Q3 FY24 but a 3% increase when compared to Q2 FY25. For the year-to-date period, retail sales totalled 3,20,622 units, marking a 1% increase compared to the previous year.

Strong Demand For High-End Models

The share of the most profitable models—Range Rover, Range Rover Sport, and Defender—rose to 70% of total wholesale volumes in Q3 FY25. Specifically, demand for the Range Rover was particularly robust, with wholesale volumes up by 48% compared to Q2 FY25. This growth was driven both by the resolution of supply chain disruptions and strong consumer demand, with volumes also rising by 22% compared to the same quarter last year JLR will release its full financial results for Q3 FY25 at the end of January.

 

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.

On January 9, 2025, Paras Defence share price recorded a correction and slipped over 2%, reaching a day low of ₹1,074.10 at 10:20 AM, after opening at ₹1,117.80. The fall in Paras Defence share price came after a gain of over 15% in the past 2 trading sessions. The shares of Paras Defence have recently touched a high of ₹1,153.25 on Jan 8, 2025. Paras Defence shares are currently trading over the 52-week low-high average, where, the 52-week high stands at ₹1,592.75 while the 52-week low is at ₹608.75.

Reason Behind Fluctuation in Paras Defence Shares

The gain of over 15% in Paras Defence shares came after the company revealed that it has received a License under the Arms Act, 1959 to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) – Modernised Enhanced and Redefined LMG with a proposed annual capacity of 6000 nos each.

About Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies (PDST) is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments – Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions

During Q2 FY25, Paras Defence and Space Technologies witnessed a 45% YoY rise in net profit, which reached ₹12.7 crore, a significant increase from ₹8.76 crore in the same quarter of the prior year. The company’s revenue grew by 42% YoY to ₹87.09 crore during the period.

 

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.

On January 9, 2025, the shares of Parmeshwar Metal Limited made a strong debut and were listed at ₹84.5 on the BSE SME platform, indicating a premium of 38.52% as compared to the issue price of ₹61.

About Parmeshwar Metal IPO

The ₹24.74 crore Parmeshwar Metal IPO was opened for subscription from January 2 to January 6, with a price band ranging from ₹57 to ₹61 per equity share.

The IPO recorded an overwhelming response, receiving a massive 607.07 times oversubscription. It received bids for 163.66 crore shares against 26.96 lakh shares on offer. The retail segment was subscribed 597.09 times, while non-institutional investors (NII) placed bids 1,202.83 times over the offer size. The Qualified Institutional Buyers (QIB) category was subscribed 177.32 times during the three-day bidding period.

Use of IPO Proceeds

• The company will use the funds raised from the issue for various purposes, including setting up a new manufacturing facility at Dehgam, Gujarat, to produce bunched copper wire and 1.6 mm copper wire rods.
• Other allocations include upgrading the furnace for enhanced copper melting capacity, meeting working capital requirements, and addressing general corporate expenses.

About Parmeshwar Metal Limited

Founded in August 2016, Parmeshwar Metal Limited specialises in manufacturing copper wires and rods by recycling copper scrap. The company operates a production facility in Dehgam, Gujarat.

 

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.

January 9, 2025, marks the opening of the Nifty 50 earnings season for Q3FY25 with the release of earnings from India’s IT giant Tata Consultancy Services (TCS) Ltd. Before the release of financial statements for Q3FY25, the preview and expectation of street is must watch.

TCS Q3 FY25 Earnings Preview

As per news reports, IT giant TCS is expected to report a 0.2% growth in constant currency terms, which is anticipated to be lower than both the September quarter and the same quarter last year. The slower growth is attributed to the reduced contribution from the BSNL deal and furloughs.

The BSNL contract is set to begin its ramp-down in March 2025, with a significant decline in revenue expected by the June 2025 quarter. In US Dollar terms, TCS’ revenue is projected to decline by 0.6% sequentially, while its margin may increase by 40 basis points. Both TCS’ net profit and EBIT are expected to experience low single-digit growth on a sequential basis.

What Investors Need to Watch in TCS Earnings?

• What will the company’s growth be in the quarter, excluding the BSNL deal?
• The company’s international revenue may decline by 0.4%, marking the weakest performance since the pandemic.
• As per news reports, Analysts are predicting nearly 5% revenue growth for the full financial year, with more than half, or 2.7% to 2.8%, expected to come from the BSNL deal. This implies organic growth is estimated to be around 2%.
• An important factor to watch is whether the 8% growth target for the 2026 financial year is too ambitious, considering the ongoing decline of the BSNL contract.
• Additionally, attention should be paid to management’s commentary on the reasons behind the revenue growth underperformance compared to the broader IT industry, excluding the BSNL revenue.

On January 9, 2025, TCS share price opened at ₹4,105.90 and touched the day high of ₹4,122.95 at 09:20 AM.

 

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.