Premier Energies Shares Decline Over 3.5% as Lock-In Period Ends

Shares of Premier Energies Ltd. witnessed a decline of over 3.5% in early trading on Friday, February 28, following the conclusion of its six-month shareholding lock-in period. By 10:17 AM, the company’s stock was trading at ₹891 on the NSE.

With the expiration of the lock-in, approximately 10.6 crore shares—equivalent to 23% of the company’s total outstanding equity, according to a report—became eligible for trading. However, it is important to note that the end of the lock-in period does not necessarily imply that all these shares will be offloaded in the open market, but rather that they can now be freely traded.

A Strong Market Debut Followed by Corrections

Premier Energies made its stock market debut in September 2024, emerging as one of the most successful listings of the year. The stock listed at more than double its issue price of ₹450 per share, reaching a post-listing peak of ₹1,388.

However, in alignment with broader market trends, the stock has undergone a correction phase. The downturn has been more pronounced in early 2025, with the stock declining 34% year-to-date as of February 28.

Market Sentiment and External Factors Weigh on Stock Performance

One of the key factors influencing Premier Energies’ stock trajectory has been concerns over US President Donald Trump’s policies on renewable energy, which have created uncertainty within the sector.

Conclusion

Going forward, market participants may closely monitor the company’s capacity expansion plans and how competitors stabilise their cell production lines, both of which could influence Premier Energies’ profitability.

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.

BlackRock Held Waaree Energies Share in Focus After Aditya Birla Renewables Deal

Waaree Energies Limited, India’s largest solar PV module manufacturer, boasts an impressive aggregate installed capacity of 13.3 GW. The company has gained significant attention following a major order from ABREL EPC Limited, a wholly owned subsidiary of Aditya Birla Renewables Limited. 

ABREL EPC operates in India’s renewable energy sector, focusing on the ownership, development, and operation of clean energy projects.

New Order Strengthens Waaree Energies’ Market Position

Waaree Energies has secured a substantial order to supply solar modules with a total capacity of 410 MWp to ABREL EPC. This order further reinforces Waaree’s position as a key player in India’s renewable energy industry, which continues to expand due to increasing demand for sustainable power solutions.

Financial Performance in Q3FY25

The company has demonstrated remarkable financial growth in the December quarter of FY25. Waaree Energies reported a multifold increase in its net profit, which surged to ₹493 crore from ₹124.5 crore in the same quarter of the previous fiscal year. Additionally, revenue more than doubled, growing by 116% to ₹3,457 crore compared to ₹1,596 crore in Q3FY24.

Robust Order Book Reflects Growth Prospects

Waaree Energies currently holds a strong order book of 26.5 GW, valued at ₹50,000 crore. This indicates a healthy pipeline of projects that could drive future revenue growth and solidify the company’s leadership in the industry.

Regulatory Scrutiny: Recent Tax Inspection

In a recent development, on February 25, 2025, the Assistant Commissioner of State Tax, Mumbai, initiated a search and inspection at the registered office of Waaree Energies and its subsidiary, Waaree Renewable Technologies Limited. The inspection, conducted under Section 67(2) of the CGST/MGST Act, began at 3:45 PM and concluded at 8:00 PM, with further proceedings scheduled for the following day. The company and its subsidiary are in the process of submitting the required operational details to the authorities.

BlackRock’s Investment in Waaree Energies

Waaree Energies has also attracted significant institutional investment. BlackRock Institutional Trust Company, managed by the National Pension Service, invested ₹31.75 crore in the company during its IPO through the anchor book.

Conclusion

Waaree Energies continues to strengthen its market presence with major contract wins, impressive financial performance, and a strong order book. While regulatory scrutiny has added a layer of uncertainty, the company’s institutional backing and growth trajectory position it as a key player in India’s renewable energy landscape. 

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.

Utkarsh Small Finance Bank to Raise Funds Up To ₹750 Crores Via Equity Shares Sale

Utkarsh Small Finance Bank Ltd. (USFB), headquartered in Varanasi, commenced operations in 2017 and has since established itself as a key player in the small finance banking sector. The bank provides a comprehensive suite of financial services, including savings and deposit accounts, microbanking loans, retail loans, housing loans, and gold loans. 

Raising ₹750 Crore via Share Sale

In a strategic move to bolster its financial position, the board of Utkarsh SFB sanctioned a capital raise of up to ₹750 crore through a share sale on February 26, 2025. 

The fundraising initiative will be executed via qualified institutions placement, preferential issuance, private placements, a further public offering, or other permissible avenues in one or multiple tranches. This capital infusion is subject to requisite shareholder and regulatory approvals. However, the bank has yet to disclose specific details regarding the deployment of these funds.

Utkarsh Small Finance Bank Financial Performance 

The bank’s financial performance for the third quarter reflected a stark downturn, with a net loss of ₹168 crore, a sharp contrast to the ₹116 crore profit recorded in the corresponding quarter of the previous financial year. Despite this setback, net interest income remained largely stable at ₹480.13 crore, compared to ₹482.3 crore in the same period last year.

Statement From Managing Director

In a post-earnings conference call, Managing Director and Chief Executive Officer Govind Singh reassured stakeholders of the bank’s long-term growth trajectory, stating that the current expansion has endowed Utkarsh SFB with a robust franchise, sufficient to meet its growth objectives. As a result, the bank anticipates minimal expansion of its branch network in FY26.

Utkarsh SFB’s microbanking operations are deeply entrenched in rural and semi-urban regions, extending financial support through the Joint Liability Group model for individuals and micro-enterprises. The bank remains steadfast in its mission to drive economic empowerment by providing accessible and structured financial solutions to those in need.

Share Price Performance 

At 10:34 AM on February 28, 2025, Utkarsh Small Finance Bank Ltd. shares traded 2.46% down at ₹24.60 per share on the NSE.

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.

Transrail Lighting Secures ₹2,752 Crore Worth New Orders

Transrail Lighting Limited is a distinguished Indian engineering, procurement, and construction (EPC) enterprise specialising in power transmission and distribution (T&D), railways, civil construction, and innovative poles and lighting solutions. Founded in 2008, the company boasts over four decades of expertise in delivering end-to-end turnkey solutions across these critical infrastructure sectors.

Secured Orders Worth of ₹2,752 crore

On February 27, 2025, Transrail Lighting Ltd. announced securing prestigious new orders worth ₹2,752 crore, predominantly in the transmission & distribution (T&D) segment.

Statement From Management

Randeep Narang, Managing Director and CEO, remarked, “We are delighted to unveil our latest order wins totalling ₹2,752 crore, reaffirming our standing as a trusted leader in the T&D sector. Our ever-expanding order book is a testament to our competitive edge, including our strategic backward integration.” 

He further added, “With these fresh additions, our year-to-date order inflows have surpassed ₹7,400 crore, reflecting a stellar 90% growth compared to the previous year, further fortifying our industry position. Armed with a formidable order book, extensive manufacturing capacities, proven execution expertise, and a promising tender pipeline, we foresee an era of substantial growth in the forthcoming quarters.”

Transrail Lighting Order Book Value Increased

Last month, Transrail Lighting revealed plans for a state-of-the-art manufacturing facility to cater to surging demand. CEO Randeep Narang stated that the company’s order book currently stands at an impressive ₹10,300 crore, with an additional ₹3,400 crore in potential contracts. 

Transrail aims to sustain an annual order inflow of ₹5,000-6,000 crore in the 2024-25 financial year (FY25), spanning both domestic and international markets.

Share Price Performance 

At 10:32 AM on February 28, 2025, Transrail Lighting Ltd shares traded  6.06% up at ₹517.65 per share on the NSE.

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.

Tata Power Unit TP Solar Bags Contract for Solar Modules Worth ₹632 Crore

One of the leading integrated power companies in India, Tata Power Company Limited is involved in the production, distribution, and transmission of electricity. The company is a prominent part of the prestigious Tata Group and has a strong presence in the conventional and renewable energy sectors.

Order Details

On February 27, 2025, Tata Power Ltd. announced that Tata Power Renewable Energy Ltd’s (TPREL) wholly-owned subsidiary, TP Solar Ltd, has secured a prestigious contract from the Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp domestic content requirement (DCR) solar modules.

Project Awarded Under The CPSU Scheme Tranche-III

Awarded under the CPSU Scheme Tranche-III, this project reaffirms TP Solar’s unwavering commitment to propelling India’s transition towards renewable energy. Valued at approximately ₹632 crore, the contract entails the supply of high-quality DCR modules to the designated site in Ramagiri, Andhra Pradesh.

This initiative forms a crucial part of SECI’s broader 400 MWp tender, which underwent a rigorous competitive bidding process followed by an e-reverse auction. TP Solar successfully secured 292.5 MWp out of the total 400 MWp DCR module allocation.

Statement From Management 

Sivakumar V Vepakomma, Director (Power System), SECI, stated, “The CPSU Scheme is an instrumental initiative designed to fortify domestic solar manufacturing and enhance India’s energy security. By entrusting this contract to TP Solar, we are making a significant stride towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by superior-quality, locally manufactured modules.”

Tata Power Q3 FY25 Results

Tata Power reported strong Q3 FY25 results, with a 10% YoY rise in consolidated net profit to ₹1,188 crore and a 2% revenue increase to ₹15,118 crore. EBITDA grew 7% to ₹3,481 crore, while the renewable energy segment saw a 59% surge in PAT to ₹214 crore, expanding clean energy capacity to 6.7 GW. Its advanced solar manufacturing facility in Tamil Nadu is now fully operational, producing over 2.4 GW of solar modules in the first nine months of FY25.

Share Price Performance 

At 9:29 AM on February 28, 2025, Tata Power Company Ltd. shares opened 1.49% down at ₹338.20 per share on the NSE.

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.

PB Fintech Appoints Ms Santosh Agarwal as Paisabazaar CEO Effective March 1

PB Fintech Ltd has announced that Ms.Santosh Agarwal will take over as CEO and Key Managerial Personnel (KMP) of Paisabazaar, effective March 1, 2025. She has been with the company since 2011 and has held major leadership roles, most recently as Chief Business Officer of Life Insurance at Policybazaar. 

She will report to Yashish Dahiya and oversee Paisabazaar’s focus on unsecured and secured lending, pensions, and savings.

Naveen Kukreja’s Transition

Mr.Naveen Kukreja, who has led Paisabazaar for 11 years, will step down as CEO and move into the role of Group President at PB Fintech. He will continue as a Non-Executive Director on Paisabazaar’s board and will advise on the company’s long-term strategy.

Leadership Changes

PB Fintech has also announced changes in its finance leadership:

  • Vivek Audichya, Paisabazaar’s CFO, resigns on February 28, 2025. He will take over as CFO of Policybazaar from April 1, 2025, replacing Ashutosh Mishra, who will step down on March 31, 2025.
  • Neeraj Tripathi, currently the Head of Taxation and Financial Reporting at Policybazaar, will become Paisabazaar’s CFO from March 1, 2025.

Financial Performance

PB Fintech reported a 92% year-on-year increase in net profit, reaching ₹72 crore in Q3 FY25, compared to ₹37 crore in the same quarter last year. This marks five consecutive quarters of profitability, driven by growth in health and life insurance policies.

As of February 28, 1:26 PM, PB Fintech Ltd is trading at ₹1,459.05, down 2.78% for the day. Over the past six months, the stock has declined by 16.60%, but it remains up by 25.60% over the past year.

Board Decisions

The company stated that the appointments were made through a competitive selection process involving both internal and external candidates. It also confirmed that Kukreja will assist in the leadership transition over the next few months.

PB Fintech has not announced any additional leadership changes at this time.

Conclusion

PB Fintech has reorganised its leadership at Paisabazaar, with Santosh Agarwal taking over as CEO and Naveen Kukreja shifting to a strategic role. Alongside these changes, new finance heads have been appointed for both Paisabazaar and Policybazaar. 

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 Sets Strict Timelines for NFO Fund Deployment

The Securities and Exchange Board of India (SEBI) has issued new guidelines requiring Asset Management Companies (AMCs) to deploy funds raised in New Fund Offers (NFOs) within 30 business days from the date of unit allotment. These rules, effective April 1, 2025, aim to ensure that funds collected during an NFO are used as per the asset allocation mentioned in the Scheme Information Document (SID).

30-Day Fund Deployment Deadline

Under the new rules, AMCs must specify a clear timeline for fund deployment in the SID. All funds raised in an NFO must be deployed within 30 business days. If an AMC is unable to meet this deadline, it must provide a written explanation to the Investment Committee detailing the reasons for the delay and the efforts made to deploy the funds.

Possible Extension in Exceptional Cases

In cases where deployment is not possible within 30 business days, AMCs may seek an extension of another 30 business days, subject to Investment Committee approval. The committee must assess the reason for the delay before granting an extension and review steps taken to resolve the issue.

Restrictions for Non-Compliance

If the funds remain undeployed after 60 business days, SEBI has imposed restrictions:

  • The AMC cannot accept fresh investments in the scheme until deployment is completed.
  • Investors must be given an exit option without any exit load.
  • The AMC must inform all investors about the delay and exit option via email, SMS, or other communication methods.
  • Any deviation must be reported to the trustees.

Monitoring and Oversight

Mutual fund trustees will be responsible for making sure that AMCs comply with these timelines. Fund managers are also allowed to adjust the NFO period based on market conditions and asset availability, except in the case of Equity Linked Savings Schemes (ELSS).

SEBI has also introduced a rule to discourage mis-selling of NFOs. If an investor switches from an existing scheme to an NFO of the same AMC, the distribution commission paid will be the lower of the two commissions applicable.

These new rules apply to all NFOs launched after April 1, 2025.

Conclusion

SEBI’s new 30-day fund deployment rule aims to foster greater transparency and accountability within the mutual fund industry. Investors can look forward to a more efficient and reliable investment experience starting April 1, 2025.

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

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

ICICI Prudential Mutual Fund Declares Income Distribution in Arbitrage Fund

ICICI Prudential Mutual Fund has announced an income distribution of ₹0.05 per unit under both the regular and direct IDCW options of the ICICI Prudential Equity Arbitrage Fund. The record date is March 3, 2025, meaning investors holding units on this date will receive the payout.

Fund Basics

The ICICI Prudential Equity Arbitrage Fund was launched on January 1, 2013. Since its inception, it has delivered an average return of 7.04%. As of January 31, 2025, the fund has total assets worth ₹25,324 crore. The expense ratio stands at 0.39%.

The fund follows the NIFTY 50 Arbitrage TRI benchmark and is categorized as low risk according to the riskometer. It is an open-ended scheme, meaning investors can enter or exit at any time without restrictions.

Portfolio Allocation

The fund’s investments are spread across different asset classes:

  • Debt: 26.98%
  • Cash & Cash Equivalents: 73.19%
  • Equity: -0.18%

Investment Details

The fund requires a minimum investment of ₹5,000. Additional investments can be made with at least ₹1,000. For Systematic Investment Plans (SIP), the minimum amount is ₹1,000, and withdrawals start at ₹1. There is no minimum balance requirement. 

Investors making withdrawals within 30 days of investment will be charged an exit load of 0.25%. There is no lock-in period.

Investment Strategy

The fund primarily focuses on arbitrage opportunities, buying and selling assets in different markets to benefit from price differences. This approach aims to provide returns with low volatility. It also holds short-term debt investments to manage risks and liquidity.

Conclusion

Investors considering this fund should note the March 3, 2025 record date to ensure they are eligible for the payout.

Before investing, consider your individual financial goals and consult with a registered financial advisor before making any investment decisions.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

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. 

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

RVNL Secures ₹135.66 Crore LOA from Central Railway for Railway Electrification

RVNL has secured a contract from Central Railway for a traction substation project in the Bhusaval-Khandwa section to enhance railway efficiency.

Project Overview 

Rail Vikas Nigam Limited (RVNL) has received an official acceptance letter from Central Railway. The project involves designing, supplying, installing, testing and commissioning a 132/55 KV Traction Substation, along with sectioning and sub-sectioning posts in the Bhusaval-Khandwa section. The goal is to support a 3,000 MT loading capacity under the EPC (Engineering, Procurement, and Construction) model.

Project Scope & Key Details 

Central Railway has awarded this contract as a domestic project. It includes setting up a 2 x 25 KV traction system with a Scott Connected Transformer to improve railway electrification. The project is planned to be completed in 24 months and is worth ₹135.66 crore, including taxes. 

Business Impact

This contract is part of RVNL’s routine operations and aligns with its core business. This work will help make railway operations in the Bhusaval-Khandwa section more efficient and reliable.

About the Company 

Rail Vikas Nigam Limited (RVNL) is a government-owned enterprise specialising in railway infrastructure development across India. The company handles the planning, designing and execution of railway projects, including electrification, track laying and signalling systems, contributing to the modernisation of India’s railway network.

Share Price Performance 

As of February 28, 2025, at 10:30 AM, the shares of RVNL were trading at ₹344.15 per share, reflecting a loss of 1.69% from the previous day’s closing price. Over the past month, the stock has registered a loss of 27.75%. The stock’s 52-week high stands at ₹647 per share, while its low is ₹213.05 per share.

Conclusion

This contract win strengthens RVNL’s position as a key player in railway infrastructure development. By implementing advanced electrification solutions, the company continues to improve railway operations, contributing to India’s growing transportation 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.

Ayushman Bharat in Delhi: Why the ₹10 Lakh Coverage?

In a significant policy shift, the newly elected Delhi government has approved the implementation of the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) in the national capital. 

This move is poised to offer comprehensive health insurance coverage of up to ₹10 lakh per family, targeting the economically vulnerable sections of society. The scheme’s rollout is anticipated to benefit around 6.54 lakh families in Delhi, marking a substantial enhancement in the region’s healthcare infrastructure.

Collaborative Efforts Between Central and State Governments

The successful deployment of AB-PMJAY in Delhi is the result of collaborative efforts between the central and state governments. Under this scheme, the central government will contribute ₹5 lakhs, while the Delhi government will provide an additional ₹5 lakh, totalling ₹10 lakhs, effectively doubling the insurance coverage per family. 

Preparations are underway, with the National Health Authority (NHA) initiating training programs for Delhi’s health officials, personnel, and ASHA workers. These programs focus on creating Ayushman Bharat cards, settling claims, and registering hospitals to ensure a seamless implementation of the scheme. 

Expansion of Healthcare Facilities and Beneficiary Inclusion

Currently, 66 hospitals in Delhi, encompassing both private and government institutions, are empanelled under the Ayushman Bharat Yojana Scheme. With the formation of district committees and the State Health Agency, this number is expected to increase, providing beneficiaries with a broader network of healthcare facilities. 

The scheme aims to cover a diverse group of beneficiaries, including over six lakh senior citizens aged above 70, approximately 1,500 Anganwadi workers, and around 6,000 ASHA workers and is likely to have 6,50,000 beneficiaries if the government manages to sign 40% of the bottom population. The Delhi government is in the process of finalising the list of beneficiaries, ensuring that the most vulnerable sections of the population receive the intended benefits. 

Conclusion

Implementing the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana in Delhi signifies a pivotal advancement in the city’s healthcare landscape. By providing substantial health insurance coverage, the scheme is poised to alleviate the financial burdens associated with medical expenses for numerous families. 

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.