Glenmark Pharmaceuticals Expands Injectable Portfolio in the US

Glenmark Pharmaceuticals Inc, USA, the Subsidiary of Glenmark Pharmaceuticals Ltd announced the launch of Acetylcysteine Injection, marking an expansion of its injectable product portfolio. Glenmark’s version received FDA approval based on existing safety and efficacy data from the reference drug, acetadote injection.

About Acetylcysteine Injection

In a parallel development, Glenmark announced the acquisition and introduction of Acetylcysteine Injection in the US. The injection, available in 6 gm/30 mL (200 mg/mL) single-dose vials, is expected to deliver the same therapeutic effects as Acetadote Injection, manufactured by Cumberland Pharmaceuticals Inc. This launch represents an expansion of Glenmark’s injectable portfolio, reinforcing its commitment to providing affordable alternatives to branded medications.

Acetylcysteine is therapeutically employed both as an antidote for acetaminophen overdose and as a mucolytic to manage respiratory conditions. IQVIA sales data indicates that for the 12-month period ending in January 2025, the Acetadote injection market in the United States generated approximately USD 15.2 million in annual sales.

Recall of Atomoxetine Capsules

Glenmark is recalling approximately 1.476 million bottles of Atomoxetine Capsules across multiple strengths due to Current Good Manufacturing Practice (CGMP) deviations. The recall was triggered by the presence of N-Nitroso Atomoxetine impurity exceeding the permissible limit set by the US Food and Drug Administration (USFDA). Classified as a Class II recall, the withdrawal of the product indicates a risk of temporary or medically reversible adverse effects, with a low probability of serious consequences. Atomoxetine is a widely used medication for treating Attention Deficit Hyperactivity Disorder (ADHD), a neurodevelopmental disorder affecting focus, impulse control, and activity regulation.

Glenmark Pharma Share Performance

As of February 21, 2025, at 2:20 PM, the shares of Glenmark Pharma are trading at ₹1,302.85 per share, reflecting a surge of 1.87% from the previous day’s closing price. Over the past month, the stock has registered a loss of 7.89%.

Conclusion

While Glenmark Pharmaceuticals is addressing regulatory concerns with the recall of Atomoxetine Capsules, it is also expanding its footprint in the US market with the launch of Acetylcysteine Injection. These contrasting developments reflect the company’s dual focus on regulatory compliance and market 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.

SEBI to Challenge Mumbai Court’s FIR Order in Corruption Case Against Former Chief Madhabi Puri Buch

A Special Anti-Corruption Court in Mumbai has directed the registration of a First Information Report (FIR) against senior officials of the Securities and Exchange Board of India (SEBI), including former Chairperson Madhabi Puri Buch, as well as the Bombay Stock Exchange (BSE). The order follows a petition filed by journalist Sapan Shrivastava, alleging large-scale stock market fraud and regulatory violations in the listing of a company.

Allegations of Market Manipulation and Regulatory Failures

The complaint accused SEBI officials of failing in their regulatory duties, facilitating market manipulation, and allowing the listing of a company that did not meet the prescribed norms. The petition further alleged collusion between SEBI and corporate entities, enabling insider trading and misappropriation of public funds post-listing. Named in the complaint were former SEBI Chairperson Madhabi Puri Buch, Whole Time Members Ashwani Bhatia, Ananth Narayan G, and Kamlesh Chandra Varshney, alongside BSE Chairman Pramod Agarwal and CEO Sundararaman Ramamurthy.

The court highlighted “The allegations disclose a cognizable offence, necessitating a fair and impartial probe”, While observing, “Considering the gravity of allegations, applicable laws, and settled legal precedents, this Court deems it appropriate to direct an investigation,” the court directed the ACB to submit a status report within 30 days.

The judge added, “There is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe. The inaction by law enforcement and SEBI necessitates judicial intervention.”

SEBI and BSE Respond to Court Order

Following the court’s directive, SEBI issued a statement expressing, “The applicant is known to be a frivolous and habitual litigant, with previous applications being dismissed by the Court, with imposition of costs in some cases. SEBI would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters,” the Sebi statement read.

“Even though these officials were not holding their respective positions at the relevant point of time, the court allowed the application without issuing any notice or granting any opportunity to SEBI to place the facts on record,” it added

Similarly, BSE released a statement asserting that “The named company, Cals Refineries Ltd, was listed at BSE in 1994. The officials named in the application were not in their respective positions at the time of listing and were not connected with the company at all. The application is frivolous and vexatious in nature,” the BSE statement read.

“The Honourable Court has allowed the application without issuing any notice or granting any opportunity to BSE to place the facts on record. BSE is initiating necessary and appropriate legal steps in this regard. As a responsible market institution, BSE remains committed to upholding regulatory compliance and ensuring transparency.”

Conclusion

The Mumbai court’s order to register an FIR against SEBI officials and BSE has sparked legal challenges from both institutions. While the allegations centre on regulatory failures and market misconduct, SEBI and BSE maintain that the claims are baseless and have vowed to pursue legal recourse. The investigation by the ACB will proceed, with a status report expected within a month.

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.

Mahindra Beats Hyundai to Become India’s Second Largest Car Maker in February 2025

The Indian automobile industry is experiencing a major shift, with Mahindra & Mahindra surpassing Hyundai Motor India to become the second-largest automaker in February 2025. Mahindra achieved this milestone by recording a 19% year-on-year (YoY) growth, selling 50,420 units in the domestic market. This strong performance reflects the increasing demand for Mahindra’s SUVs, which have consistently shown robust sales over the past year.  

Sales Performance: Mahindra vs Hyundai

While Mahindra’s domestic sales stood at 50,420 units, Hyundai reported 47,727 units, a 4.93% decline compared to February 2024. However, when exports are included, Hyundai retained its second position with 58,727 total units sold, compared to Mahindra’s 52,386 units. Hyundai’s exports increased by 6.8% YoY to 11,000 units, while Mahindra exported 1,966 units.  

Factors Behind Mahindra’s Growth

Mahindra’s success in the Indian automobile market is largely due to the strong demand for its SUVs. Models like Thar Roxx, Scorpio N and XUV700 continue to attract a large number of buyers. The company’s newly launched electric SUVs, XEV 9e and BE 6, received an impressive 30,179 bookings on their very first day, highlighting the growing consumer interest in Mahindra’s offerings.   

 

Veejay Nakra, President of Mahindra’s Automotive Division, mentioned. “In February, we clocked SUV sales of 50420, a growth of 19% and 83702 total vehicles, a growth of 15%. This strong performance is a result of a continued positive momentum for our SUV portfolio.”

Hyundai’s Challenges and Future Outlook

Hyundai has faced challenges due to geopolitical issues and intense competition. Additionally, its new product launches have been limited, affecting overall sales. Hyundai’s top-selling SUVs like Venue and Exter are experiencing stiff competition in their segments.  

 

Despite these setbacks, Hyundai remains optimistic about future growth. Tarun Garg, COO of Hyundai Motor India, stated that tax reforms in the Union Budget 2025 and improved liquidity are expected to boost demand in the coming months.  

Stock Market Performance

As of March 03, 2025, at 10:45 AM, the shares of M&M are trading at ₹2,617.40 per share, reflecting a surge of 1.25% from the previous closing price. Over the past month, the stock has registered a loss of 17.52%. The stock’s 52-week high stands at ₹3,270.95 per share, while its low is ₹1,788.80 per share.

Conclusion 

Mahindra’s impressive growth in the domestic market highlights its strong product portfolio and rising consumer preference for SUVs, positioning it as a formidable competitor in India’s automobile sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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

NLC India Wins Wind Power Project of 200 MW From SJVN

NLC India Limited (NLCIL), a leading government-owned company under the Ministry of Coal, has secured a 200 MW wind power project from SJVN Limited at a tariff of ₹3.74 per kWh. It is expected to generate approximately 526 million units of renewable energy annually, significantly reducing greenhouse gas emissions.

Expanding Presence in Renewable Energy

This project strengthens NLCIL’s position in India’s green energy sector and supports its goal of reaching 10 GW of renewable energy capacity by 2030. Since launching its first 51 MW wind project in 2013, the company has steadily grown its wind energy portfolio, which will now exceed 300 MW. The initiative aligns with India’s commitment to increasing clean energy production and achieving 500 GW of non-fossil fuel capacity by 2030.

Leadership’s Perspective on Green Growth

NLCIL’s Chairman & Managing Director, Shri Prasanna Kumar Motupalli, expressed pride by stating, “This is a proud moment for NLCIL as we continue to expand our renewable energy footprint in the country. Winning this 200 MW wind project further strengthens our commitment to sustainable and clean energy solutions. Our strategy aligns with India’s energy transition goals, and we are determined to contribute significantly to a greener future. NLCIL is making remarkable progress in expanding its renewable energy portfolio, ensuring a more sustainable future for generations to come. Our investments in renewable energy will play a crucial role in strengthening India’s green economy 

and meeting global climate commitments.” 

Commitment to Sustainability and Innovation

As part of its renewable energy strategy, NLCIL is actively investing in solar, wind, and hybrid power projects, battery energy storage systems and green hydrogen initiatives. With a strong foundation in power generation, the company continues to drive India’s transition to a cleaner energy future.

Share performance 

As of March 03, 2025, at 1:45 PM, the shares of NLCIL are trading at ₹204.02 per share, reflecting a loss of 1.46% from the previous closing price. Over the past month, the stock has registered a loss of 3.46%. The stock’s 52-week high stands at ₹311.80 per share, while its low is ₹186.03 per share.

Conclusion 

With this project, NLCIL strengthens its commitment to clean energy and sustainability. By expanding its renewable portfolio, the company continues to play a key role in India’s energy transition.

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.

How Market Performed in Feb 2025: Nifty Falls 6%, Midcap & Smallcap Plunge Over 10%

On February 28, 2025, the NSE benchmark Nifty50 index suffered its steepest single-day decline in over 5 months, closing 1.86% lower. The Sensex also witnessed a sharp fall of 1.90%, slipping below the 73,200 level. Meanwhile, India VIX, a measure of market volatility, surged by nearly 4.5%, touching the 13.9-mark.

How the Market Performed in February 2025 

February turned out to be a challenging month for investors, with Nifty registering its sharpest monthly drop in February since the COVID-19 pandemic year of 2020. The index declined about 6% during the month, reflecting heightened selling pressure.

Sectoral Performance in February: All Sectors End in the Red

The market witnessed a broad-based sell-off, with all sectors closing the month in negative territory. Notably, 7 sectors suffered double-digit losses, led by:

Among the sectors, Nifty Financial Services was the least affected, posting a comparatively moderate loss of 0.83%.

Stock-Specific Performance in February 

Within the Nifty Realty and Nifty IT indices, all constituent stocks ended in the red. The top losers in these sectors included:

Broader Market Underperforms: Smallcap and Midcap Indices Plunge

The broader market saw a significant correction, with both Nifty Smallcap 100 and Nifty Midcap 100 indices underperforming the frontline indices:

This marks the first time since 2006 that the Nifty Midcap 100 index has suffered a double-digit decline in February. Meanwhile, the Nifty Smallcap 100 index recorded its steepest February fall since 2016, when it plummeted 13.3%.

Key Reasons Behind the Market Slump in February

The market struggled in February 2025 due to multiple headwinds:

  • Heavy Foreign Institutional Investor (FII) Sell-Off
  • Global Uncertainty Stemming from Tariff Announcements by US President Donald Trump

This combination of factors created a challenging investment environment, resulting in significant corrections across sectors.

Conclusion

February 2025 proved to be a turbulent month for the Indian stock market, marked by a significant correction across all sectors, particularly in realty, IT, and media. This has been the steepest fall since 2020, driven by heavy FII selling and global uncertainties stemming from US tariff announcements. 

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.

Unlock New Trading Horizons with BSE Stock F&O on Angel One

We have expanded our offerings! In addition to BSE stocks and BSE Index F&O, you can now trade BSE Stock Futures & Options (F&O) on our platform. Access all valid stock F&O on BSE, providing more ways to hedge, strategize, and maximize your trading opportunities.

This addition is especially beneficial for users experienced in leveraging and hedging. The ability to trade stocks on both NSE and BSE enhances risk management and unlocks opportunities in various market conditions. Leverage lets you take larger positions with limited capital when you anticipate price movements in BSE stocks, while hedging helps cap potential losses. With BSE Stock F&O, you can trade and hedge more effectively—elevating your strategy like never before.

What Is BSE Stock F&O?

Let’s be fundamental. The BSE Stock F&O is related to trading Futures and Options straps on stocks that the Bombay Stock Exchange has listed.

  • Stock Futures: Dealers come into an agreement to purchase or trade a stock at a particular value at a future date. It is similar to agreeing on a deal today based on what the market anticipates in the near future.
  • Stock Options: You have the ability, but not the requirement, to buy or sell a stock at a specific price before the expiration of a previously agreed price contract.

Now you have the opportunity to profit from the movements of stocks without having to own the stock directly.

Why Should You Care About BSE Stock F&O?

Now, let’s look at why adding BSE Stock F&O to your strategy could be worthwhile.

1. Introducing BSE F&O Trading

Now trade Futures & Options on BSE stocks, adding a new dimension to your trading strategies. While stocks were always available, introducing F&O gives you enhanced leveraging and hedging opportunities.

2. Flexibility in Trading

F&O contracts offer flexibility in trading, allowing you to build advanced strategies to maximize profits or minimize losses. Whether you’re aiming to capitalize on price movements or protect your portfolio, F&O provides multiple opportunities to optimize your trades.

3. Leverage

Control a large amount of stock with a relatively small amount of capital. This means that with less upfront investment, you can gain greater exposure to the market, amplifying your potential profits.

But caution ahead: leverage cuts both ways. It can be used to multiply gains but also multiply losses. It’s very important to use this with caution and get a grip on your trades.

You can hedge with F&O contracts if you’re already holding stocks in your portfolio. That, in short, is protection against a potential loss.

4. Hedging Your Investments

If you’re already holding stocks in your portfolio, you can make use of F&O contracts for hedging, which is a process of safeguarding your investments against potential losses. If you fear a certain stock may go down, then you may use futures or options to hedge against some of that risk.

Hedging can ease the situation that may come through market volatility with peace of mind.

5. Cost-Effective Trading

When it comes to transaction costs, F&O contracts are often more affordable than buying and selling the underlying stocks directly. This cost efficiency can be a big advantage if you’re an active trader or you want to execute many trades without eating into your profits.

By trading in contracts rather than buying actual stocks, you save on transaction fees and other costs, making your trades more economical.

6. Benefit of Inter-Exchange Hedging for Lower Margin Requirements

One of the standout advantages of BSE Stock FNO is the ability to hedge across exchanges. With both NSE and BSE stock options now available, traders can create inter-exchange hedged positions, which come with significant margin benefits.

For example, if a trader goes long (buys) a stock option contract on NSE and simultaneously goes short (sells) the same underlying stock’s option contract on BSE, they have effectively created a hedged position. Since the positions offset each other in terms of risk exposure, the overall margin requirement is reduced, freeing up capital for other trades.

This is particularly useful for traders who want to optimize capital efficiency while managing risk. Instead of requiring full margin for both contracts separately, the inter-exchange hedge ensures a lower margin requirement, making it a cost-effective strategy for active traders.

How to Start BSE Stock F&O at Angel One

To start trading on the BSE Stock F&O through Angel One, here’s what you should do:

  1. Open or Login to Your Account: In case you don’t have an account, it takes a few minutes to create one. For existing users within the Angel One ecosystem, you have to log in to your account.
  2. Browse & Track The BSE Stock F&O: Either through browsing the app or searching for a particular contract you can track and analyse BSE stock F&O
  3. F&O Trade Execution: After completing all your checks and strategies, go ahead and execute your F&O trade from your Angel One account. You can do this either for a future contract or by selecting an option contract from the option chain, and the platform will make it easy for you.
  4. Keep Track of Your Trades: You should watch your trades especially when you are trading on margin because some of your moves might be out of choice instead of market dictates. Doing this will ensure effective risk management and opportunistic position-taking.

Final Thoughts

Angel One’s BSE Stock FNO allows you to expand your trading horizons while offering more sophisticated FNOs. These tools help FNO traders manage risks more effectively. Whether it is to diversify or make the most of the market, these tools come in handy and make it easier.

The platform now allows FNO trading of BSE stocks, which adds an untapped opportunity over FNO trading of the familiar NSE stocks. With the help of Angel One’s intuitive platform, you can conquer new frontiers while reaping even bigger rewards.

Still do not forget that trading FNO comes with some risks, in particular with leveraging. Making sure you trade responsibly while keeping abreast of current trends will go a long way to ensure success. If these outcomes are used in moderation, they could greatly improve the BSE Stock FNO trading experience.

BSE Stock FNO can elevate the trading expectations and outcomes. With the gateway open, new opportunities to hedge smarter await you.

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

This is for educational purposes Only

Such representations are not indicative of future results

Mukesh Ambani’s Reliance Jio Faces Fierce Competition as Airtel Unveils Affordable Voice and Data Plans!

India’s telecom industry is witnessing increasing competition as Airtel has rolled out budget-friendly recharge plans that directly compete with Reliance Jio. These new plans cater to various user requirements, including daily data consumption, voice calling, and even 5G connectivity. Here’s a breakdown of Airtel’s latest offerings and how they stack up.

₹299 Plan: A Daily Data Solution

Airtel’s ₹299 recharge plan is designed for users who require a daily data quota along with seamless calling services. Key features include:

  • 1GB data per day for 28 days
  • Unlimited voice calls across all networks
  • 100 SMS per day

Previously priced at ₹265, this plan has now been revised to ₹299. Despite the price hike, it remains a value-for-money option for those needing consistent data and calling benefits.

₹199 Plan: A Budget-Friendly Option

For users who require basic internet access with calling benefits, Airtel’s ₹199 plan provides:

  • 2GB total data for the entire 28-day validity
  • Unlimited calling to all networks
  • 100 SMS per day

Initially available at ₹179, the revised price of ₹199 still makes it a cost-effective choice for those who prioritise calls over data.

Airtel’s 5G Recharge Plan: Ultra-Fast Connectivity

Airtel’s 5G services are available to customers who subscribe to recharge plans with at least 2GB of daily data. Key benefits include:

  • Unlimited 5G data access in 5G-enabled regions
  • Enhanced internet speeds for smoother browsing and faster downloads
  • Requires a 5G-compatible smartphone and access to a 5G network

This plan is ideal for users looking to experience next-generation connectivity. However, availability is limited to areas where Airtel’s 5G network is live.

Conclusion

Airtel’s new recharge plans provide competitive pricing and benefits, catering to different user needs. Whether it’s daily data, budget-friendly calls, or next-gen 5G connectivity, Airtel’s latest offerings position it as a strong contender against Reliance Jio owned by Reliance 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 the securities market are subject to market risks, read all the related documents carefully before investing.

PIB Fact Check: Is the Government Giving ₹46,715 to Every Citizen? The Truth Behind the Viral WhatsApp Message

A viral WhatsApp message has been making rounds, claiming that the Narendra Modi-led central government is offering financial assistance of ₹46,715 to every citizen, particularly targeting lower-income groups. The message further urges recipients to share their personal details to avail of the alleged benefit. However, a fact check conducted by the Press Information Bureau (PIB) has confirmed that this message is completely false and is part of a scam.

No Such Scheme Announced by the Government

The Ministry of Finance has not announced any such financial aid scheme. PIB, the official fact-checking body of the government, has categorically stated that this claim is baseless. Authorities have urged the public not to believe or share such fraudulent messages and to exercise caution when receiving suspicious links.

How Does This Scam Operate?

Scammers use deceptive tactics to lure unsuspecting victims into providing sensitive information. Here’s how the fraud typically works:

    1. Fake Communication: Victims receive messages via WhatsApp, SMS, or email, claiming that the government is disbursing financial aid.
    2. Fraudulent Link: The message includes a fake link directing users to a website designed to resemble an official government portal.
    3. Data Theft: Upon clicking the link, users are asked to enter personal details such as:
      • Aadhaar number
      • PAN card details
      • Bank account information
      • Mobile number
      • OTP (One-Time Password)
  • Financial Fraud & Identity Theft: Scammers exploit the stolen information for unauthorised transactions, identity theft, and other fraudulent activities.

Similar Fake Messages in Circulation

This is not the first time such deceptive messages have surfaced. Here are some other false claims that have been widely circulated:

  • A fabricated message claimed that senior citizens above 75 years of age would no longer be required to pay taxes.
  • A forged approval letter falsely issued under the PM Employment Generation Programme (PMEGP) by KVIC India promised a ₹17 lakh loan in exchange for a ₹51,000 payment.

Government Advisory: Stay Vigilant and Verify Information

Government authorities strongly advise against clicking on suspicious links or sharing personal data. Individuals are encouraged to verify such claims through official government websites or reliable sources before taking any action.

If you receive a dubious message, you can report it to PIB’s fact-checking unit or local cybercrime authorities to prevent further scams.

Final Word

Fraudulent messages promising government financial aid are nothing but scams designed to exploit public trust. Always verify information from credible sources and stay cautious while dealing with unsolicited messages that ask for personal or financial details. If in doubt, refrain from sharing any information and report the incident to the concerned authorities.

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.

Infosys Gets Clean Chit from Karnataka Labour Department Over Trainee Layoffs

The Karnataka Labour Department has absolved Infosys of any wrongdoing concerning the exit of trainees, stating that the layoffs do not fall under labour law purview. The clean chit was issued based on documentary evidence collected during the department’s inquiry.

A senior labour department official confirmed that a final report might be submitted to the government by March 4. Officials emphasised that the affected individuals were not regular employees but apprenticeship trainees, making labour laws inapplicable in this case.

Nature of the Layoffs: No Employer-Employee Relationship

On February 7, 2025, Infosys reportedly laid off approximately 350-400 trainees at its Mysuru campus after they failed assessment tests three consecutive times. This number represents nearly half of the trainees onboarded in October 2024.

Clarifying the legal stance, a department source stated, “They were all only trainees, with some undergoing training for three months. This cannot be classified as a layoff under labour laws since those laws apply solely to regular employment. There was no employer-employee relationship.”

Labour Department’s Investigation and Government Involvement

Following media reports of the mass trainee layoffs, Karnataka’s Labour Department conducted inspections at Infosys campuses in Bengaluru and Mysuru on 13th February. This probe was initiated after receiving directives from the Union Labour Ministry, which urged state officials to assess the situation and take appropriate action.

Infosys maintained that the company was following its existing policies, which stipulate that freshers unable to clear mandatory assessments cannot continue with the organisation.

Infosys’ Response and IT Employee Union’s Protest Plans

While Infosys has yet to issue an official statement on the latest development, company representatives have previously justified the decision, stating that maintaining high performance standards necessitates weeding out underperforming candidates. The company also asserted that it had provided transport, counselling, and accommodation support for affected trainees.

However, the Pune-based IT employee union, Nascent Information Technology Employees Senate (NITES), remains dissatisfied. On February 26, NITES held a press conference where impacted trainees shared their experiences. The union’s president warned that protests would be organised outside Infosys’ Mysuru campus if the government failed to intervene.

Impact on Infosys Share Price

Infosys share price declined by over 3% in early trading on February 28, 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.

These 5 Multibagger Stocks from FY24 Have Lost Over 50% in FY25

The Indian stock market has witnessed a significant correction, with the Sensex shedding over 11,000 points from its peak. This downturn has particularly affected stocks that delivered outstanding returns in FY24, as many have seen their gains erased in FY25.

Here are 5 multibagger stocks from FY24 that have plunged over 50% in FY25. (Price data as of 11:00 AM of February 28, 2025)

1. Jaiprakash Associates

  • FY24 Performance: Up 159%
  • FY25 Decline: Down 76%
  • Price Movement: ₹18 to ₹4

2. Sun Pharma Advanced Research Company

  • FY24 Performance: Up 106%
  • FY25 Decline: Down 69%
  • Price Movement: ₹370 to ₹115

3. Sanghvi Movers

  • FY24 Performance: Up 287%
  • FY25 Decline: Down 69%
  • Price Movement: ₹677 to ₹210

4. Jai Corp

  • FY24 Performance: Up 104%
  • FY25 Decline: Down 65%
  • Price Movement: ₹282 to ₹98

5. Adani Green Energy

  • FY24 Performance: Up 108%
  • FY25 Decline: Down 56%
  • Price Movement: ₹1,834 to ₹799

Conclusion: A Market Reality Check

These stocks serve as a reminder of market volatility, showcasing how rapid gains can be followed by significant corrections. While past performance can be impressive, stock market movements remain unpredictable, making risk management a crucial aspect for investors.

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.