Arvind SmartSpaces Limited, established in 2008 as a subsidiary of Arvind Limited, is a prominent real estate developer based in Ahmedabad. The company specializes in premium residential, industrial, commercial, and hospitality projects across major cities like Ahmedabad, Bengaluru, and Pune.

A new industrial park in Ahmedabad

The company has recently announced an agreement to develop an expansive industrial park in Ahmedabad, Gujarat, covering a vast 440 acres, with an impressive potential revenue of ₹1,350 crore.

This major project, located on NH47 along the Bavla-Bagodara Road, will be developed under a joint model with a 70.5% revenue share. Once completed, it will be one of Gujarat’s largest industrial parks, offering an integrated ecosystem to support business growth. 

Key features include a Common Effluent Treatment Plant (CETP), Zero Liquid Discharge (ZLD), housing for workers and executives, weighbridges, logistics zones, and more.

Statement From the Management

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces expressed excitement about expanding their portfolio in Ahmedabad with the introduction of a major industrial park, bringing the company’s total projects in the region to 77 million square feet. 

The company aims for over ₹3,850 crore in new business this year and plans to expand into high-growth markets like the Mumbai Metropolitan Region, Bengaluru, and Ahmedabad, solidifying its national footprint of 78 million square feet and strong presence in cities such as Ahmedabad, Gandhinagar, Bengaluru, and Pune.

Arvind Smartspaces Q2 FY25 Results

Arvind SmartSpaces reported strong financial results for Q2 FY25, with net profit rising to ₹42.60 crore from ₹10.83 crore in Q2 FY24. Total income increased to ₹269.28 crore, up from ₹75.27 crore a year earlier. Bookings grew 26% year-on-year to ₹464 crore, while collections stood at ₹249 crore. 

Net debt rose to ₹195 crore from ₹58 crore in the previous quarter, indicating improved financial health. The company also expanded its portfolio with a new high-rise project in Bengaluru, projected to generate ₹600 crore in revenue.

Share Price Performance 

At 3:02 PM today, on January 28, 2025, Arvind Smartspaces Ltd shares traded at ₹684.90 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.

Hatsun Agro Product Ltd (HAP), India’s leading corporate dairy company, recently announced its acquisition of Milk Mantra Dairy Private Limited. Known for its innovative dairy brand, Milky Moo, this strategic takeover underscores HAP’s commitment to delivering high-quality dairy products across India.

The share price of Hatsun Agro was trading 1.12% lower at ₹944.65 on the NSE as of 3:15 PM on January 28, 2025.

Strengthening Presence in Eastern India

HAP’s acquisition of Milk Mantra marks its entry into the prosperous Eastern Indian dairy market, particularly Odisha. Mr. R.G. Chandramogan, Chairman of HAP, highlighted this move as a step towards leveraging Odisha’s growing economy and rich cow milk production belt.

A Milestone for Milk Mantra

Milk Mantra, founded by Mr. Srikumar Misra, is celebrated for its ethical milk sourcing and quality dairy products. Reflecting on the acquisition, Mr. Misra expressed confidence in HAP’s resources and leadership to scale Milky Moo’s impact, benefiting farmers and consumers alike.

Synergies and Strategic Impact

HAP’s acquisition offers multiple advantages:

1. Market Expansion: With a robust presence in South and West India, HAP now expands to Eastern India, targeting regions like northern Andhra Pradesh and West Bengal.
2. Brand Growth: Adding Milky Moo to its portfolio, alongside brands like Arun, IBACO, Hatsun, and Arokya, strengthens HAP’s position in the dairy market.
3. Infrastructure Benefits: Milk Mantra’s two processing facilities and extensive procurement network enhance HAP’s operational capacity and logistics efficiency.

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 28, 2025, IIFL Finance Limited’ share price experienced significant intraday volatility. The stock plunged to a low of ₹326 on the NSE but recovered later, trading at ₹353.25 as of 2:57 PM, down by 1.23%. This decline occurred despite a market rebound, leaving investors questioning the underlying cause.

Income Tax Raids Trigger Concern

According to news reports, the Income Tax (I-T) Department conducted search operations at the IIFL Group’s offices on January 28, 2025. These raids are reportedly linked to allegations of tax evasion and are being carried out across multiple locations, including several floors of the 360 ONE WAM (formerly IIFL Wealth) building in Mumbai’s Kamala Mills area.

The uncertainty caused by these investigations has likely contributed to the stock’s intraday decline.

Acquisition Announcement Amid Raids

On January 27, 2025, the board of 360 ONE WAM, part of the IIFL Group, approved 2 major acquisitions:

• Batlivala & Karani Securities India for ₹1,774 crore
• Batlivala & Karani Finserv for ₹110 crore

Leadership Resignation Adds to Uncertainty

Mr Bharat Aggarwal, designated as SMP (Senior Management Personnel), resigned as the Business Head of Unsecured Lending at IIFL Finance. His resignation became effective on January 27, 2025, at the close of business hours. Leadership changes during periods of heightened scrutiny often add to market uncertainty.

IIFL Group’s Silence on Ongoing Developments

As of now, the IIFL Group has not issued an official statement regarding the ongoing tax raids or recent developments. Investors and market participants are keenly awaiting. However, IIFL Capital postponed its board meeting to review its Q3r results due to “certain exigencies,” as disclosed by the company. Investors may need to watch for official announcements and further developments for a clearer picture.

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.

In a significant development, Narayana Hrudayalaya Limited (NH) has entered into a Memorandum of Understanding (MoU) with Sunglow Realties Pvt. Ltd. (BCM Group) to construct and lease a hospital building in Bengaluru. This partnership is poised to enhance NH’s healthcare infrastructure in the central Bengaluru region with a 200-bed facility.

Share Price Move

NH’s share price traded lower at ₹1,265.20, down by 2.01% on the NSE as of 2:51 PM on January 28, 2025. The stock recorded an intraday high of ₹1,301.45 after opening at ₹1,297.35. So far, in January (as of January 28), the stock has declined by 0.56%.

Key Details of the MoU

1. Purpose of the Agreement
   The agreement focuses on setting up a hospital infrastructure to be managed by Narayana Hrudayalaya. Sunglow Realties will undertake the construction of the facility and lease it to NH on a long-term basis.
2. Hospital Capacity and Timeline
   The proposed hospital will have a capacity of 200 beds and is expected to be operational in approximately 3.5 years.
3. Parties Involved
   • Narayana Hrudayalaya Limited: A prominent healthcare provider in India.
   • Sunglow Realties Pvt. Ltd. (BCM Group): The entity responsible for constructing the hospital building, with its headquarters in Indore, Madhya Pradesh.

Significant Terms of the Agreement

• Sunglow Realties will lease the hospital building to NH under the binding terms outlined in the MoU.
• The agreement includes customary payment terms and representations, ensuring a robust framework for long-term collaboration.

Additional Highlights

• The MoU does not involve any shareholding or related-party transactions.
• There are no conflicts of interest or board nominee requirements arising from this agreement.

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.

Thomas Cook (India) Limited has secured a significant role as the exclusive partner for the National Games 2025. This Olympic-style event will take place in Uttarakhand from January 28 to February 14, 2025, bringing together top athletes, support staff, and dignitaries from across India. Known for its robust travel and event management expertise, Thomas Cook will manage accommodation, catering, and transport for a contingent of 20,000 people, including over 10,000 athletes.

The share price of Thomas Cook has recovered from the intraday low of ₹140.83 on the NSE to ₹146.51 as of 1:40 PM on January 28, 2025. 

Comprehensive Event Management at Scale

The partnership highlights Thomas Cook India’s operational capabilities and attention to detail. Here’s what their involvement entails:

• Accommodation Management: Over 50,000 room nights across 11 locations.
• Catering Services: Providing more than 250,000 meals through live kitchens.
• Transport Solutions: Handling 5,000 coach duties and 12,000 small vehicle trips for seamless logistics.
• 24/7 Control Room: A dedicated toll-free helpline to address event-related queries.

To ensure everything runs smoothly, Thomas Cook has assembled a 200-member team to oversee operations across 32 venues during the 18-day event.

Emphasising Sustainability with the ‘Green Games’ Initiative

In alignment with sustainability goals, Thomas Cook India is championing the ‘Green Games’ initiative. As part of this effort:

• 1,000 trees will be planted during the Games.
• Sustainable practices will be integrated into every aspect of event management.

This reinforces the company’s commitment to reducing its environmental footprint while setting a benchmark for eco-friendly event management.

Supporting Athletes with Physiotherapy Services

As a goodwill gesture, Thomas Cook India is sponsoring physiotherapy services for the Games. A team of 54 trained physiotherapists, including project leads and specialists, will ensure that athletes receive top-notch care to perform at their best. Accommodation, transport, and catering for the physiotherapy team will also be managed by Thomas Cook.

Words from the Leadership

Reflecting on this prestigious collaboration, Mr Rajeev Kale, President & Country Head – Holidays, MICE, and Visa at Thomas Cook India, remarked: “The much anticipated National Games 2025, to be inaugurated by the Honourable Prime Minister Mr. Narendra Modi, celebrates India’s top athletes while playing a pivotal role in advancing India’s sports ecosystem by nurturing talent and inspiring future generations of champions to represent India on the global stage. So, it is truly an honour for us at Thomas Cook India to be selected for the second consecutive year, as the exclusive partner for the prestigious National Games across key elements of accommodation, catering and transport.”

About Thomas Cook India

Established in 1881, Thomas Cook India is a leading travel and event management company with services ranging from foreign exchange to leisure travel. With a global footprint across 28 countries and a legacy of operational excellence, the company continues to set industry benchmarks.

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.

Transformers and Rectifiers (India) Limited (TARIL), a leading manufacturer of transformers in India, has announced the receipt of significant orders worth ₹362 crore. These contracts mark a noteworthy achievement for TARIL as it continues to strengthen its position in the industry.

The share price of TARIL was locked in a lower circuit of 5% as of 12:45 PM on January 28, 2025.

Who Awarded the Orders?

The ₹362 crore order has been secured from notable domestic entities, including:

• Power Grid Corporation of India Limited
• Megha Engineering & Infrastructures Limited
• KEC International Limited
• Avaada Electro Private Limited
• Adani Energy Solution Limited
• Torrent Power Limited
• Rajasthan Rajya Vidyut Prasaran Nigam Limited

This diverse client base underlines TARIL’s reputation and expertise in manufacturing high-quality transformers.

Nature and Scope of the Order

The contracts involve the supply of Extra High Voltage (EHV) Power Transformers and related manufacturing services. These transformers are vital components in the power infrastructure and play a critical role in ensuring reliable energy transmission across the grid.

Delivery Timeline and Execution

The delivery of these transformers is scheduled to be completed by the next financial year. TARIL’s commitment to meeting deadlines and maintaining high-quality standards positions it as a reliable partner for such large-scale projects.

Other Notable Aspects

• Domestic Focus: All orders have been awarded by Indian entities, reinforcing TARIL’s strong presence in the domestic market.
• Unrelated Party Transactions: The contracts are part of TARIL’s regular business operations and do not involve any related-party transactions.
• No Promoter Interest: The promoter group of TARIL has no vested interest in the awarding entities, ensuring transparency in the deal.

About Transformers and Rectifiers (India) Limited

TARIL is one of the largest transformer manufacturers in India, second only in capacity. The company operates state-of-the-art manufacturing facilities in Ahmedabad, Gujarat, with a team of over 1,200 skilled employees. Known for its ability to produce world-class power, distribution, furnace, and specialty transformers, TARIL continues to uphold its commitment to quality and innovation.

Bajel Projects Limited has recently announced its successful acquisition of an EPC (Engineering, Procurement, and Construction) contract for the construction of a 765kV transmission line. This milestone comes as part of the Rajasthan IV Phase 4 power evacuation project aimed at supporting the region’s renewable energy capacity.

On January 28, 2025, the share price of Bajel has recovered from its intraday low of ₹205.55 on the NSE and, as of 12:29 PM, is trading at ₹217.95, down by 0.93%

Key Details of the Contract

The contract was awarded by PowerGrid Corporation of India Limited on behalf of its project-specific SPV, Rajasthan IV 4A Power Transmission Limited. Below are the major highlights of the project:

• Scope of Work: Construction of a 120 km-long 765kV Dausa-Ghiror transmission line under the Transmission Line Package TL03.
• Objective: The transmission system will evacuate 3.5 GW of renewable energy from the Rajasthan Renewable Energy Zone (REZ) Phase IV.
• Timeline: The project has a completion timeline of 23 months from the issuance of the Notice of Award.
• Awarding Entity: PowerGrid Corporation of India Limited (POWERGRID), a major player in the power transmission sector.

Upcoming Earnings 

A meeting of the Board of Directors of Bajel Projects Limited is scheduled to be held on Thursday, February 6, 2025, to inter‐alia, consider and approve the unaudited standalone financial results of the company for the Q3 and 9-month ended December 31, 2024. 

No Promoter Involvement

Bajel Projects Limited has clarified that none of its promoters or group companies hold any interest in the awarding entity. Additionally, the contract is not categorised as a related-party transaction, ensuring complete compliance with SEBI’s Listing Obligations and Disclosure Requirements.

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.

Founded in 1987, Omaxe Limited has established itself as a prominent player in real estate development, specialising in residential, commercial, and retail projects, alongside the construction, operation, and maintenance of real estate assets.

About BeTogether

On January 27, 2025, the renowned real estate firm announced its foray into a transformative venture under a newly launched brand, BeTogether, backed by a substantial investment commitment of ₹2,800 crore. 

In a regulatory filing, Omaxe highlighted the brand’s ambition to redefine urban and economic landscapes through collaborative real estate projects. The initial investments are projected to yield a revenue potential exceeding ₹5,000 crore.

BeTogether, driven by Omaxe’s vision for partnerships through joint ventures and Public-Private Partnerships (PPP), aims to address infrastructure gaps and boost urban development across India. 

Its flagship project, BeTogether Centre Point Vrindavan, modernizes Vrindavan while preserving its heritage. In collaboration with UPSRTC, it is also revamping major bus terminals in cities like Lucknow, Ghaziabad, Kaushambi, Ayodhya, Amausi, and Prayagraj.

Q2 FY25 Performance Highlights

In the second quarter of FY25, Omaxe Limited reported a total revenue of ₹389.18 crore, representing a remarkable 46.26% surge from ₹266.09 crore in the corresponding period last year. However, the company encountered a net loss of ₹239.66 crore, a steep decline compared to the ₹84.35 crore loss reported in Q2 FY24. 

Operating expenses escalated by 80.61% year-on-year to ₹620.38 crore, culminating in an operational loss of ₹231.20 crore substantially higher than the ₹77.40 crore operational loss in the previous year. Consequently, the operating margin deteriorated to -59.41%, compared to -29.09% in Q2 FY24.

Share Price Performance 

At 2:25 PM today, Omaxe Ltd. shares traded at ₹96.87 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.