Redington Share Price Hits Fresh 52-Week High: Key Factors Behind the Surge

Redington Ltd, a leading distributor and provider of supply chain management solutions for IT and consumer products, saw its share price reach a fresh 52-week high of ₹246.80 on the National Stock Exchange (NSE) on February 13, 2025. At 1:46 PM, the stock was trading up by 4.09% at ₹238.41, marking a 15% gain in February so far.

Strong Financial Performance Fuels Rally

The surge in Redington’s share price follows the company’s highest-ever quarterly revenue and profit. For the latest quarter, Redington reported:

  • Revenue: ₹26,764 crore (14% YoY growth)
  • Net Profit: ₹400 crore (17% YoY growth)
  • PAT Margin: 1.5%

This profit growth outpaced revenue expansion, demonstrating improved operational efficiency. The company’s performance was driven by strong execution across business segments and geographies.

Geographical and Business Segment Highlights

From a regional perspective, the company’s revenue growth was led by:

  • UAE: 26% growth
  • India: 18% growth
  • Saudi Arabia: Showing signs of profitable growth recovery
  • Africa: Continuing its growth momentum over multiple quarters

Among business verticals, Cloud services emerged as the top performer, achieving a remarkable 42% growth. This was fuelled by continued success in the Hyperscaler business and subscription-based software services.

Optimistic Outlook for Q4

Management remains optimistic about Q4, citing multiple factors that could drive further growth:

  • Fiscal year-end budget spending by corporates and the government
  • The backlog of deals carried over from Q3
  • Continued momentum in Cloud and Technology Solutions Group
  • Favourable growth trends in AI and digital transformation

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.

ATDC and SECL Sign MoU to Train 400 Unemployed Youth in Chhattisgarh and MP

A significant step towards skill development and employment generation was taken as the Apparel Training & Design Centre (ATDC), Gurugram, signed a Memorandum of Understanding (MoU) with South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited (CIL). The initiative, under the Ministry of Coal’s jurisdiction, aims to empower underprivileged youth from Chhattisgarh and Madhya Pradesh through vocational training.

MoU Signing and Key Attendees

The MoU was formalised in a ceremony held at Shastri Bhawan, New Delhi, in the presence of key dignitaries, including Ms. Rupinder Brar, Additional Secretary, Ministry of Coal, and Ms. Santosh, Deputy Director General, Ministry of Coal. The Additional Secretary commended the SECL CSR team for their proactive efforts in implementing this skill development initiative in collaboration with ATDC.

The event also witnessed the presence of:

  • Shri Biranchi Das, Director (P), SECL
  • Shri Rakesh Vaid, Senior Vice Chairman, ATDC
  • Dr. Vijay Mathur, Director General and CEO, ATDC
  • Shri Alok Kumar, General Manager (Civil/CSR), SECL
  • Officials from both SECL and ATDC

Objective and Financial Allocation

The training programme is a part of SECL’s Corporate Social Responsibility (CSR) initiatives, aimed at equipping 400 candidates with vocational skills to enhance their self-employment prospects. A total of ₹3.12 crore has been allocated to support this initiative.

Training Centres and Programme Details

Under the agreement:

  • 300 candidates will receive training in a non-residential self-employed tailor programme at centres set up across SECL Bishrampur, Sohagpur, and Korba areas.
  • 100 candidates will undergo a fully residential training programme at the ATDC centre in Chhindwara, Madhya Pradesh, with free boarding and lodging facilities.
  • The selection of candidates will be limited to individuals residing within a 25-kilometre radius of SECL’s operational areas.

Impact and Vision

This initiative aligns with the Ministry of Coal’s vision of empowering communities residing in coalfield regions. By providing vocational training, the programme aims to bridge the skill gap, enhance employment prospects, and contribute to the broader goal of Viksit Bharat (Developed India).

The collaboration between SECL and ATDC is expected to create sustainable livelihood opportunities for economically weaker sections, fostering self-reliance and economic growth in the region.

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.

NPCI Introduces New Chargeback Rule for UPI Transactions From February 15

The National Payments Corporation of India (NPCI) has introduced a new chargeback rule for Unified Payments Interface (UPI) transactions, effective from 15 February 2025. The rule aims to streamline dispute resolution by automating chargeback acceptance or rejection based on Transaction Credit Confirmation (TCC) and return requests (RET).

Understanding Chargebacks in UPI Transactions

A chargeback is the reversal of a completed UPI transaction due to fraud, disputes, or technical errors. When a payer’s bank initiates a chargeback request, the amount is refunded if the request is approved. Under the current system, remitting banks can initiate chargebacks from T+0 onwards, often before beneficiary banks have reconciled transactions. This sometimes results in return requests being rejected or chargebacks being automatically accepted, leading to penalties imposed by the Reserve Bank of India (RBI).

To address these inefficiencies, NPCI has revised the dispute resolution framework. The updated system ensures that chargebacks will only be processed based on TCC or RET raised by the beneficiary bank in the subsequent settlement cycle, allowing sufficient time for reconciliation.

Implementation and Impact on Banks

From 15 February, the UPI Dispute Resolution System (URCS) will automatically accept or reject chargebacks based on TCC and RET. This new rule applies exclusively to bulk uploads and the Unified Dispute Resolution Interface (UDIR) but does not affect front-end dispute resolution mechanisms.

NPCI has instructed all UPI member banks to update their internal processes accordingly. The revised system is expected to enhance reconciliation efficiency, minimise penalties, and improve the overall dispute-handling process.

Conclusion

The introduction of an automated chargeback decision-making process in UPI transactions aims to create a more structured and efficient dispute resolution system. By giving beneficiary banks adequate time for reconciliation, NPCI seeks to reduce discrepancies and improve transaction reliability.

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 Finance Announces ₹3,000 Crore Rights Issue

Mahindra & Mahindra Financial Services Limited (MMFSL) has announced a rights issue to raise ₹3,000 crore. The decision, taken at a board meeting on 13th February 2025, aims to strengthen the company’s financial position and support future growth. This move aligns with its strategy of maintaining capital adequacy while expanding its asset base.

Strategic Importance of the Rights Issue

The rights issue is a key initiative to enhance MMFSL’s Tier 1 capital by over 200 basis points. With a strong balance sheet, the company aims to leverage India’s economic expansion, particularly in the rural and semi-urban financial services sector. The additional capital will enable MMFSL to sustain its asset growth while ensuring financial stability.

The company has consistently maintained asset quality, with Gross Stage 3 (GS3) assets remaining below 4% and credit costs staying under 2%. This capital infusion will further solidify its ability to provide diverse financial products, including vehicle financing, SME loans, and fixed deposits.

Growth Prospects and Market Position

MMFSL, a leading non-banking financial company (NBFC), has shown a compounded annual growth rate (CAGR) of 21% in its secured asset portfolio over the last 21 months. It serves over 10 million customers, with an asset under management (AUM) exceeding USD 13.7 billion. The company operates across 1,375 locations, reaching rural and semi-urban India.

As a AAA-rated NBFC, MMFSL is well-positioned to benefit from India’s growing domestic consumption and infrastructure development. The capital raised through the rights issue will support its long-term strategy of sustainable expansion while maintaining asset quality.

MMFSL Share Performance

As of February 13, 2025, 11:50 AM, the shares of MMFSL are trading at ₹283.10 per share, reflecting an upside of 2.55% from the previous day’s closing price. Over the past month, the stock has registered a gain of 7.56%. The stock has a 52-week high and low of ₹343.00 and ₹246.20 respectively.

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.

RailTel Secures Multiple Orders Across Various Sectors

RailTel Corporation of India Ltd, a Navratna PSU, has recently secured multiple high-value contracts across various sectors, reinforcing its position as a key player in digital infrastructure and connectivity solutions. The company has been awarded contracts from the North Frontier Railway, Bihar Education Project Council, and the Airports Authority of India, among others. As a result, the share price of RailTel has gained 2.13% as of 12:54 PM. 

Enhancing Security Infrastructure for North Frontier Railway

RailTel has secured a contract from the North Frontier Railway to provide a Video Surveillance System at 340 stations under the D and E category. The project, valued at ₹49.67 crore (including tax), aims to bolster security and surveillance at railway stations. The contract is expected to be executed by May 5, 2026.

Supporting Education Initiatives in Bihar

RailTel has also been awarded three contracts by the Bihar Education Project Council (BEPC), collectively amounting to over ₹123.13 crore. These include:

  • Supply of Additional Student Kits for Classes VI to XII, valued at ₹16.97 crore, to be executed by February 28, 2025. 
  • Supply of Additional Teaching Learning Materials for Classes I to V, worth ₹36.95 crore, scheduled for completion by February 28, 2025
  • Supply, Installation, and Training for Operationalisation of ISM Labs for BEPC schools, a project valued at ₹69.21 crore, set for completion by April 4, 2025

These projects reinforce RailTel’s role in supporting digital education infrastructure across Bihar.

Strengthening Airport Surveillance Systems

RailTel has also been entrusted with a contract by the Airports Authority of India (AAI) in Chennai, valued at ₹14.72 crore. The scope of work includes the Supply, Installation, Testing, and Commissioning (SITC) of servers, storage, software, and networking equipment for the SCCTV System at Chennai Airport. The project is scheduled for completion by July 14, 2025, and includes a three-year onsite warranty and comprehensive maintenance contract (CAMC). 

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.

ONGPL Acquires Ayana Renewable Power in a Landmark Clean Energy Deal

In a significant step towards renewable energy expansion, ONGC NTPC Green Private Limited (ONGPL) has entered into a Share Purchase Agreement (SPA) to acquire a 100% equity stake in Ayana Renewable Power Private Limited (Ayana). This landmark transaction, valued at ₹195 billion (USD 2.3 billion), was signed on February 12, 2025, with the National Investment and Infrastructure Fund (NIIF), British International Investment Plc (BII), and Eversource Capital.

Strengthening Renewable Energy Commitments

This acquisition marks ONGPL’s first strategic investment since its inception in November 2024, underscoring its commitment to accelerating the renewable energy transition. The deal aligns with the broader vision of its parent companies— ONGC and NTPC—to achieve net-zero targets by 2038 and 2050, respectively. ONGPL will now leverage Ayana’s platform for further expansion and growth. 

Ayana’s Expanding Renewable Portfolio

Ayana is a leading renewable energy platform with approximately 4.1 GW of operational and under-construction assets across India’s resource-rich states. The company’s portfolio is backed by high-credit-rated off-takers, including Solar Energy Corporation of India (SECI), NTPC, Gujarat Urja Vikas Nigam Limited (GUVNL), and Indian Railways. Since its inception in 2018 by BII, Ayana has secured significant investments, scaling its operations across solar, wind, and round-the-clock (RTC) energy projects while maintaining strong ESG ratings.

ONGC’s Role in Renewable Energy Transition

Oil and Natural Gas Corporation Limited (ONGC) has been actively pursuing clean energy initiatives to align with India’s net-zero targets. As the parent entity of ONGC Green Limited (OGL), ONGC has strategically positioned itself in the renewable sector through investments in solar, wind, and energy storage projects. This acquisition of Ayana Renewable Power reflects ONGC’s long-term vision to diversify beyond hydrocarbons and contribute to India’s sustainable energy landscape.

About the Key Entities

ONGC NTPC Green Private Limited (ONGPL): A joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Limited (NGEL), dedicated to the development of renewable energy projects.

ONGC Green Limited (OGL): A subsidiary of ONGC, committed to achieving net-zero emissions through investments in solar, wind, and energy storage solutions.

NTPC Green Energy Limited (NGEL): A subsidiary of NTPC Limited, focused on expanding NTPC’s renewable energy portfolio to 60 GW by 2032.

Oil and Natural Gas Corporation Limited (ONGC): India’s largest energy company with a diversified portfolio, including oil, gas, and renewables. ONGC is actively investing in clean energy projects to support India’s long-term sustainability goals.

National Investment and Infrastructure Fund (NIIF): India’s sovereign-linked asset manager, specialising in sustainable infrastructure and private equity investments.

British International Investment (BII): The UK’s development finance institution, supporting sustainable economic growth in emerging markets.

Eversource Capital: A major climate fund manager investing in energy transition, industrial decarbonisation, and urban sustainability.

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 Beauty Market to Reach ₹2.95 Lakh Crore by 2028, Growing at 10-11%

India’s beauty and personal care industry is witnessing a rapid transformation, fuelled by e-commerce expansion, global brand interest, and the growth of domestic players. The country has emerged as the fastest-growing online beauty market, with e-commerce and quick commerce sales increasing by 39% in value between June and November 2024 compared to the previous year. In contrast, physical store sales saw a modest 3% growth.

This shift towards online shopping signals a fundamental change in consumer behaviour, particularly among younger demographics. In 2024, 17% of Indian consumers purchased beauty products online, up from 13% a year ago. This growing trend is led by platforms such as Amazon, Myntra, Blinkit, Zepto, Nykaa, and Reliance Retail’s Tira, which are enhancing their digital presence to cater to the demand for convenience, variety, and influencer-driven trends.

India’s Beauty Market Set to Reach ₹2.95 Lakh Crore by 2028

India’s beauty and personal care market, currently valued at ₹2,43,236 crore (US$ 28 billion), is projected to grow at an annual rate of 10-11%, reaching ₹2,95,358 crore (US$ 34 billion) by 2028. While online retail is expanding rapidly, the organised offline sector is growing at a slower pace. Retailers like Shoppers Stop are adopting strategic approaches, such as launching exclusive stores for premium brands like MAC and Clinique and securing a distribution deal with Shiseido’s NARS Cosmetics.

Makeup sales have surged by 15.5%, while skincare products have seen a 10.5% increase. This fierce competition among domestic and international brands is shaping the industry landscape, with major players like Reliance, Tata Group, and Hindustan Unilever (HUL) aggressively expanding their presence.

Challenges and Consolidation in the Market

Despite the rapid growth, scaling and profitability remain significant challenges for beauty startups. Established companies are capitalising on the market momentum through acquisitions and strategic investments. A notable example is HUL’s acquisition of Jaipur-based beauty brand Minimalist for ₹2,955 crore (US$ 340.16 million), highlighting the trend of consolidation within the sector.

Additionally, India’s beauty e-commerce market is expected to grow at a compound annual growth rate (CAGR) of 25%, reinforcing the country’s position as a global beauty powerhouse. As more consumers embrace digital-first shopping experiences, the industry is poised for sustained expansion, driven by innovation, product diversification, and evolving consumer preferences.

India’s beauty and personal care industry is on an upward trajectory, with digital channels playing a crucial role in shaping its future. As major players and startups continue to innovate, the market is set to become a key driver of global beauty trends.

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.

Gold Prices Increase by Over ₹300: Check Gold and Silver Prices in Your City

Gold prices have risen on February 13, 2025. In the international market, spot gold has increased by 0.46%, climbing back above the significant psychological mark of $2,900 per ounce as of 12:16 PM on February 13, 2025.

Gold prices have increased both in India and the international markets. In India, gold prices have risen by ₹310 per 10 grams across major cities.

In Mumbai, 24-carat gold is priced at ₹8,579 per gram, while 22-carat gold now costs ₹7,864 per gram. The 24-carat gold price stands at ₹85,790 per 10 grams as of 12:16 PM on 13 February 2025.

In Delhi, the price of 22-carat gold is currently ₹78,513 per 10 grams, while 24-carat gold is trading at ₹85,650 per 10 grams.

Gold Prices Across Major Indian Cities on February 13, 2025

Here is a detailed breakdown of gold prices as of February 13, 2025:

 

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 86,040 78,870
Hyderabad 85,930 78,769
Delhi 85,650 78,513
Mumbai 85,790 78,641
Bangalore 85,860 78,705

 

Silver Prices in India on February 13, 2025

The international silver price has increased by 0.26%, surpassing $32 per ounce as of 12:20 PM on February 13, 2025. In India, silver prices have increased by ₹280 per kg.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/KG 
Mumbai 95,910
Delhi 95,750
Kolkata 95,780
Chennai 96,190

Key Takeaways

Gold Prices: Both 22-carat and 24-carat gold prices have increased across major cities in India. Internationally, gold has surged past $2,900 per ounce.
Silver Prices: Silver prices in India have risen by ₹280 per kg, while international prices have moved above $32 per ounce.

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 Renewable Energy and ONGC Collaborate on Battery Energy Storage Solutions

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has entered into a strategic collaboration with Oil and Natural Gas Corporation Limited (ONGC) to explore opportunities in the Battery Energy Storage System (BESS) sector. The non-binding Memorandum of Understanding (MoU) was signed at India Energy Week 2025, signifying a major step towards integrating advanced energy storage solutions into India’s renewable energy landscape.

Exploring Multiple Avenues in Energy Storage 

The partnership between TPREL and ONGC aims to identify and develop commercial opportunities across various segments of the BESS value chain. These include utility-scale storage solutions, grid stabilisation services, microgrid development, hybrid energy solutions, industrial and commercial storage applications, backup power, electric vehicle (EV) charging infrastructure, and energy trading through ancillary services. This collaboration underscores the growing importance of energy storage in ensuring grid reliability and renewable energy integration.

Industry Leaders’ Perspective 

Commenting on the collaboration, Deepesh Nanda, CEO & Managing Director of TPREL, highlighted the significance of battery energy storage in accelerating India’s clean energy transition. “Battery Energy Storage Systems will play a crucial role in strengthening grid reliability, enabling greater renewable energy integration, and supporting India’s ambitious clean energy goals. Together, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future.”

Echoing similar sentiments, Arun Kumar Singh, Chairman and CEO of ONGC, emphasised the company’s commitment to advancing clean energy initiatives. “As India transitions towards a sustainable energy future, ONGC remains steadfast in its commitment to advancing clean energy initiatives. This collaboration with Tata Power Renewable Energy Limited represents a strategic step towards strengthening energy storage capabilities, which are vital for grid stability and renewable energy adoption. By leveraging our collective expertise, we aim to contribute meaningfully to India’s energy transition and long-term energy security.”

Driving Innovation in Renewable Energy 

This partnership builds on TPREL’s expertise in large-scale battery energy storage projects. Notably, the company successfully commissioned India’s largest Solar and Battery Energy Storage System (BESS) project—a 100 MW Solar PV plant with a 120 MWh utility-scale BESS in Rajnandgaon, Chhattisgarh. Such projects set a benchmark for future BESS initiatives and contribute to strengthening India’s green energy infrastructure.

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.

Cupid Share Price Gains 3% After Securing Order of ₹13.90 Crore from International Markets

Mumbai-based Cupid Limited, a leading manufacturer of male and female condoms, has secured a significant order worth ₹13.90 crore for its female condoms from Brazil, South Africa, and Angola. This development has positively impacted the company’s share price, which gained 3% following the announcement as of 11:38 AM on February 13, 2025. The order is set to be completed by Q1 FY26.

Growing Demand for Female Condoms

Cupid Limited has been focusing on expanding its female condom segment, which is proving to be a key growth driver. Aditya Kumar Halwasiya, Managing Director of Cupid Limited, emphasised this in his statement: “We are well positioned to keep adding to our female condoms orders, which are an especially value-accretive portion of the overall Cupid business.”

With increasing global demand for female condoms, Cupid continues to reinforce its market presence in the segment.

Manufacturing Capacity and Expansion Plans

Founded in 1993, Cupid Limited has established itself as a major player in the contraceptive and personal care industry. The company currently has an impressive production capacity of:

  • 480 million male condoms per year
  • 52 million female condoms per year
  • 210 million sachets of lubricant jelly
  • 30 million IVD test kits

To further strengthen its capabilities, Cupid acquired land in Palava, Maharashtra, in March 2024, which is expected to increase its production capacity by 1.5 times. This expansion will add an additional 770 million male condoms and 75 million female condoms annually.

A Strong Global Presence

Cupid Limited has a solid international presence, exporting its products to over 105 countries. The company was the first in the world to receive WHO/UNFPA pre-qualification for both male and female condoms, strengthening its credibility in global markets. More than 90% of its revenue comes from international sales, and the latest order reaffirms its stronghold in the industry.

Diversification into FMCG Products

Apart from its core contraceptive business, Cupid has expanded into the FMCG segment, offering:

  • Deodorants and perfumes
  • Pocket perfumes and body oils
  • Toilet sanitizers and petroleum jelly

Market Reaction

Following the announcement of the ₹13.90 crore order, Cupid’s share price witnessed a 3% gain as investors responded positively to the development. 

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.