On January 21, 2025, Ola Electric, India’s largest pure-play EV company, witnessed a spike in its share price on the NSE, reaching an intraday high of ₹78.78. The rise followed the company’s announcement of commencing the assembly line for its upcoming electric bike on January 20, 2025. However, by the end of the trading session, the stock pared its gains due to market volatility, closing nearly flat.

Ambitious Expansion Plans for Nationwide EV Reach

In December 2024, Ola Electric unveiled its ambitious plan to expand its company-owned store network fourfold by the end of the year. The target of 4,000 stores would position Ola Electric as India’s largest EV distribution network, covering every pin code in the country.

With 3,200 new stores set to open, this expansion marks one of the most significant strides in the global EV sector. Each new location will include co-located service facilities, ensuring seamless after-sales support. This initiative aims to enhance accessibility and strengthen the company’s foothold in urban, semi-urban, and rural markets alike.

Rivalry in the EV Market: Ola’s Unique Position

Despite intense competition from traditional 2-wheeler giants leveraging their extensive dealership networks, Ola Electric has retained its market leadership. Currently operating 800 stores—just one-fifth of its competitors’ distribution points—Ola Electric continues to differentiate itself with innovative products and customer-centric strategies.

New Product Launches: The Gig and S1 Z Scooter Range

Ola Electric recently launched its Gig and S1 Z scooter range to cater to diverse customer needs. The lineup includes:

• Ola Gig: ₹39,999 (ex-showroom)
• Ola Gig+: ₹49,999 (ex-showroom)
• Ola S1 Z: ₹59,999 (ex-showroom)
• Ola S1 Z+: ₹64,999 (ex-showroom)

This new range, equipped with removable batteries, offers reliable and affordable solutions for personal and commercial use. Deliveries are scheduled to begin in April 2025 for the Gig series and May 2025 for the S1 Z series.

Reservations for these scooters can be made with a nominal payment of ₹499, reinforcing Ola Electric’s commitment to making EV ownership accessible to a broader audience.

Bolstering Sales and Service Networks

To accelerate EV adoption, Ola Electric has ramped up its store rollout plans, aiming for 2,000 locations by March 2025. This initiative, particularly focused on large hinterland markets, aims to boost the sales and after-sales experience for customers in India’s heartland.

Q2FY25 Financial Performance

In the Q2FY25, Ola Electric reported a 38.5% increase in revenue, amounting to ₹1,240 crore, compared to ₹896 crore in the same period last year. The company also reduced its net loss to ₹495 crore, down from ₹524 crore in the previous year.

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.

Adani Group stocks have experienced a remarkable recovery over the past week, with several posting double-digit gains. Adani Green Energy led the way with a 20.35% rally to an intraday high of ₹1,071.15 on BSE as of January 21, 2025, followed by Adani Power (+19.98%). Other notable performers included NDTV (+14.13%), Ambuja Cements (+10.77%), and ACC (+10.77%).

Meanwhile, Adani Ports and Adani Enterprises gained 7.00% and 8.10%, respectively, reflecting strong investor confidence. Even Adani Total Gas and Adani Energy logged impressive gains of 7.76% and 4.94%, highlighting a broad-based recovery across the group’s stocks.

Adani Group Stocks Surge as Hindenburg Exit

The announcement that US-based short-seller Hindenburg Research, whose critical reports previously wiped billions off the conglomerate’s value, is officially disbanding, is the key trigger.

This marks a pivotal moment for the Adani Group, whose stocks faced a sharp decline after Hindenburg’s January 2023 report alleged corporate irregularities, wiping out over $130 billion in market capitalisation. Investigations by SEBI and a Supreme Court-appointed panel into these allegations have so far remained inconclusive.

Hindenburg Research, renowned for exposing corporate fraud, had notable successes, including uncovering fraud by Nikola’s founder Trevor Milton and highlighting governance issues at Icahn Enterprises, which caused a 50% stock drop. The firm’s report on Adani accused the group of ‘stock manipulation’ worth ₹18 trillion ($218 billion) and ‘accounting fraud schemes’ spanning decades.

Key Allegations Against Adani Group

Hindenburg’s report accused the Adani family of controlling offshore shell entities in tax havens like the Caribbean, Mauritius, and the UAE to facilitate corruption, money laundering, and taxpayer theft. It also alleged the misappropriation of funds from the group’s listed companies.

In response, SEBI has completed 22 of 24 investigations into the Adani-Hindenburg case and issued show-cause notices to both Hindenburg and an Adani entity. However, no final order has been issued. Hindenburg later accused SEBI chief Madhabi Puri Buch of a conflict of interest due to her prior investments in the Adani Group.

Stock Performance Highlights 

Focus on Adani Green Energy

Adani Green Energy Ltd’s shares rallied about 20% in the last 1-week on the NSE. The surge was attributed to multiple factors, including speculation about group chairman Gautam Adani’s possible relief in the US bribery case and the announcement of Hindenburg’s shutdown.

The company’s Q3 operations update further boosted sentiment. Its operational capacity rose by 37% YoY to 11,609 MW, driven by greenfield additions of 2,693 MW solar and 438 MW wind power projects. Energy sales increased 23% YoY to 20,108 million units in the 9-month period of FY25. 

Developments in Adani Energy Solutions 

Adani Energy Solutions (AESL), a key player in electricity transmission and distribution, secured 2 major projects in Rajasthan’s renewable energy park, bringing its order book to ₹54,700 crore. The largest project, the Bhadla-Fatehpur HVDC transmission line worth ₹25,000 crore, is now the company’s biggest order to date.

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.

Prakash Industries Limited (PIL) announced the initiation of mining operations at its Bhaskarpara Commercial Coal Mine in Surajpur, Chhattisgarh. This development follows the receipt of all requisite permissions, including the official “Permission to Enter” granted by the Office of the Collector (Mining Branch).

Following this development, Prakash Industries’ share price opened higher on 21st January 2025 at ₹177.15 on the NSE and reached an intraday high of ₹177.80. However, due to market volatility, the stock price was trading down by 1.87% as of 1:34 PM.

Mining Operations Begin

With the green light to commence operations, mining activities at Bhaskarpara Coal Mine are set to begin immediately. Prakash Industries anticipates coal extraction to commence as early as next month. This marks a significant milestone in the company’s efforts to streamline operations and boost efficiency.

Operational Benefits

The coal sourced from this mine will be utilised in Prakash Industries’ Integrated Steel Plant. By reducing dependency on external coal supplies, the company expects substantial cost savings and operational efficiencies. Furthermore, as this is a commercial mine, the company plans to sell coal in the open market, opening an additional revenue stream.

Positive Impact on Profitability

The dual benefits of operational cost reductions and revenue from coal sales are likely to contribute significantly to the company’s bottom line. This strategic move aligns with Prakash Industries’ broader objectives of enhancing profitability and ensuring long-term sustainability.

About Company

Prakash Industries Limited (PIL), established in 1980, embarked on a focused journey to become a leading Integrated Steel and Power company. Committed to delivering sustainable value to its stakeholders, PIL has earned a reputation for offering quality products at competitive prices. Over the years, the company has expanded its presence across India’s geographical boundaries. With a keen eye on capitalising on the first-mover advantage in a competitive sector, PIL leverages its technology-intensive products to maintain an edge. The company has consistently embraced innovative strategies to reduce costs and optimise resource utilisation effectively

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.

Landmark Cars Limited, a prominent player in India’s premium automotive retail space, has announced an exciting development in its collaboration with JSW MG Motor India Pvt. Ltd. (MGI). The company has received a letter of intent to establish MG Select dealerships in Ahmedabad and Kolkata. This strategic move not only deepens Landmark’s ties with MGI but also sets the stage for the launch of MG Select’s accessible luxury segment in India.

Landmark Cars’ share price was up by 0.82% as of 9:45 a.m. on January 21, 2025.

What Is MG Select?

MG Select is a dedicated brand channel from MGI, focusing on the emerging accessible luxury market in India. With the initial launch of two innovative models—the MG Cyberster and MG M9 EV—MG Select is set to redefine luxury vehicle accessibility in the country. Sales are expected to commence by May 2025, aiming to cater to evolving customer preferences.

A Strategic Step for Landmark Cars

Landmark Cars’ new dealerships will be operated by its wholly-owned subsidiary, M/s Aeromark Cars Private Limited. This initiative highlights Landmark’s dual strategy of horizontal and vertical expansion. While horizontal growth strengthens relationships with existing original equipment manufacturers (OEMs), vertical expansion deepens the company’s geographic presence to achieve operational efficiency.

The Ahmedabad dealership solidifies Landmark’s leadership in the city, while the Kolkata dealership expands its portfolio to include MG Select products alongside its existing offerings of Mercedes-Benz, Mahindra & Mahindra, and Kia.

Comments from the Chairman

Mr. Sanjay Thakker, Promoter and Chairman of Landmark Cars Limited, expressed his optimism about the development. He remarked: “I am very excited about the launch of the upcoming MG Select products. This new range has the potential to broaden the ‘accessible luxury’ market in India, and Landmark is well-positioned to capitalise on this growth. This initiative aligns perfectly with Landmark’s strategy to grow with existing, profitable brands and strengthen our presence in our current geographies.”

About Landmark Cars

Landmark Cars Limited is renowned for its comprehensive automotive retail business, including sales of new vehicles, after-sales service, pre-owned vehicle sales, and third-party financial product facilitation. The company’s portfolio boasts partnerships with leading automotive brands such as Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, Kia, and MG Motors. Additionally, it caters to the commercial vehicle sector with Ashok Leyland.

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.

Venus Remedies’ share price jumped over 10% as of 9:27 AM on January 21, 2025, reaching an intraday high of ₹332.40 on the NSE. Here’s why the stock is in the spotlight.

Key Update Driving the Surge

Venus Remedies Limited witnessed a sharp rise in its share price by over 10% following the announcement of a significant achievement. The company has successfully renewed its European Good Manufacturing Practices (GMP) certification, further solidifying its foothold in the European market. This milestone reaffirms the company’s dedication to delivering top-quality pharmaceutical solutions globally.

What Does the Certification Cover?

Granted by Infarmed, the National Authority of Medicines and Health Products in Portugal, this renewal certifies Venus Remedies’ facility for manufacturing:

• Cephalosporin formulations
• Carbapenem products
• Oncology liquid and lyophilised injectables

This certification ensures compliance with the strict manufacturing standards of the European Union, enhancing trust in the company’s product quality.

Impact on European Market Presence

Venus Remedies has been a consistent player in the European pharmaceutical landscape since its initial EU GMP certification in 2007. Over the last 15 years, the company has maintained a robust presence as a leading exporter of meropenem outside India, with multiple marketing authorisations across the region.

Share Market Reaction

The renewal of this certification signifies the company’s ability to sustain high standards. The market reacted positively, driving Venus Remedies’ share price upward, as it positions itself as a trusted partner for healthcare providers and patients across Europe.

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.