Onesource Industries & Venture Hits Upper Circuit, Reports Record Revenue Growth

Onesource Industries & Venture Limited, a key player in agricultural commodities trading, witnessed a remarkable surge in its share price, hitting the upper circuit on January 16, 2025. The stock is now trading close to its 52-week high, marking a 40% gain in the last 3 months. This significant price movement is largely attributed to the company’s robust financial performance in Q3FY25.

Record-Breaking Revenue Growth

In Q3FY25, the company reported a staggering revenue of ₹3,246.65 lakhs, a significant increase from ₹429.75 lakhs in the same period the previous year. This marks an impressive growth trajectory, reflecting the company’s effective strategies and strong demand for its products.

Net profit also demonstrated robust growth, rising from ₹19.55 lakhs in Q3FY24 to ₹57.30 lakhs in Q3FY25. 

Company Overview

Onesource Industries & Venture specialises in trading agricultural commodities, including fruits, vegetables, seeds, cereals, pulses, edible oil, oil seeds, spices, and organic products. The company also manages the processing, stocking, and distribution of these products. In addition to promoting its own brand, it facilitates farmer-produced goods and supplies agricultural inputs such as pesticides, insecticides, fungicides, and agricultural chemicals.

Their comprehensive approach extends to setting up processing units and trading in both perishable and non-perishable agri-commodities. With an emphasis on innovation, the company also deals in herbal and pharmaceutical chemicals, showcasing its versatility in related industries.

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

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

Nazara Technologies Arm to Develop Bigg Boss Mobile Game

Nazara Technologies announced that its UK-based subsidiary, Fusebox Games, will collaborate with Banijay Rights to develop and launch the Bigg Boss Interactive Fiction Game. This partnership aims to bring the popular Indian reality TV show into the interactive gaming world, with the game slated for release in 2025.

The game will allow players to create avatars, step into the Bigg Boss house, and navigate branching storylines inspired by the show itself. It will also feature live in-game events synchronized with the TV series and localized narratives in Hindi and regional Indian languages, catering to India’s diverse audience.

Fusebox Games’ and Nazara’s Acquisition

Fusebox Games is known for developing intellectual property (IP) driven interactive story games, including popular titles such as Love Island and Love Villa. Nazara Technologies acquired Fusebox in August 2024 for ₹228 crore ($27.2 million) to strengthen its gaming portfolio. The company’s focus on adapting well-known TV formats into interactive experiences has positioned Fusebox as an interesting player to watch in this niche.

Expansion with Big Brother Game

In addition to the Bigg Boss game, Fusebox Games is simultaneously working on a similar project based on the Dutch reality show Big Brother. This globally recognized format, first launched in 1999, has aired over 600 series in 70 markets and remains a property for Banijay Entertainment. The Big Brother Interactive Fiction Game is also scheduled for release in 2025.

Market Impact

The announcement positively impacted Nazara Technologies’ stock, which rose by 4% in intraday trading to ₹938 on January 15, 2025. By 1:37 PM on January 16, the stock further climbed 5.04% to ₹980.10, showing continued rise. Despite gaining 45% over the past nine months, the stock remains 44.5% below its all-time high of ₹1,678 recorded in October 2021.

Banijay’s Role and Market Prospects

Banijay Entertainment’s Endemol Shine India, the producer of Bigg Boss, will collaborate closely with Fusebox Games to develop the interactive fiction game. Mark Woollard, SVP of Gaming & Gambling at Banijay Rights, talked about how this partnership creates immersive opportunities for fans to engage with globally celebrated TV formats like Bigg Boss and Big Brother.

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

Rashi Peripherals to Buy Majority Stake in Satcom Infotech

Rashi Peripherals Ltd. (RP Tech) announced its plans to acquire a 70% equity stake in Satcom Infotech Pvt. Ltd., a cybersecurity solutions distributor. The deal involves the purchase of 75,460 equity shares at ₹1,805 per share, amounting to ₹13.62 crore. The acquisition, expected to be completed within 3 months, will make Satcom a subsidiary of RP Tech. A share purchase agreement will be executed between RP Tech and Satcom’s promoters.

Purpose of the Acquisition

This investment allows RP Tech to expand its product portfolio within the cybersecurity domain. By leveraging Satcom’s presence, RP Tech plans to introduce new brands and establish partnerships. According to RP Tech’s Managing Director Kapal Pansari, the acquisition represents a step in the company’s expansion into the high-growth cybersecurity market.

Benefits for Satcom Infotech

Satcom is expected to benefit from RP Tech’s financial foundation and geographical presence across India. Vinod Kumar, CEO of Satcom Infotech, talked about how this partnership would accelerate the company’s market penetration, improve delivery timelines, and enable investment in new initiatives. The collaboration aims to boost Satcom’s service delivery and create value for partners and customers.

Satcom’s Profile

Established in 2003, Satcom Infotech is into distributing cybersecurity products and operates exclusively in India. Its recent financial performance includes a turnover of ₹1,704.27 million in FY2024, ₹1,950.77 million in FY2023, and ₹1,180.98 million in FY2022. The company’s profit after tax for FY2024 was ₹25.34 million.

RP Tech’s Position

Rashi Peripherals, headquartered in Mumbai, is one of India’s ICT solutions providers. The company distributes a range of information and communications technology products. This acquisition will help strengthen RP Tech’s position by integrating cybersecurity offerings into its distribution network.

Market Performance

Following the announcement, RP Tech’s shares closed 2.17% higher at ₹372.45 on January 15, and as of 2:07 PM on January 16, the stock is trading at ₹384.90, up 3.51% for the day, though it has declined 9.65% over the past six months and gained 19.72% over the past 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

Axis Mutual Fund Announces Income Distribution for Select Funds

Axis Mutual Fund has announced income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for several of its funds. The record date for this distribution is set as January 17, 2025. Here’s a breakdown of the schemes and their respective distribution amounts per unit:

Details of IDCW Announced

Scheme Direct-IDCW (₹/unit) Regular-IDCW (₹/unit)
Axis Bluechip Fund 1.36 0.96
Axis ELSS Tax Saver Fund 4.57 2.15
Axis Focused Fund 2.91 1.64
Axis Growth Opportunities Fund 1.90 1.50
Axis Midcap Fund 4.72 3.59
Axis Small Cap Fund 4.69 4.03

Important Dates and Notes

The record date for this income distribution is January 17, 2025. Investors holding units under the IDCW option of these schemes as of this date will be eligible for the declared payout.

Understanding the IDCW Option

The IDCW option allows mutual fund investors to receive a portion of the income generated by the fund. The payout varies based on the scheme and the investor’s chosen category, i.e., direct or regular.

This announcement provides eligible investors with an opportunity to benefit from the income distribution across various Axis Mutual Fund schemes. Investors should ensure they check their holdings and eligibility before the record date to avoid missing out on this distribution.

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

Azad Engineering Share Gains on Winning Order From GE Vernova

Azad Engineering Limited, established in 1983 and headquartered in Hyderabad, India, is a distinguished manufacturer renowned for its expertise in precision-engineered components catering to the aerospace, defence, energy, and oil & gas industries.

Signed Agreement with GE Vernova 

In a significant development, Azad Engineering has secured a prestigious long-term supply agreement with GE Vernova International LLC, USA. Under this contract, the company will supply highly engineered, intricate rotating and stationary airfoils for advanced gas turbine engines, addressing the global demand in the power generation sector.

This phase of the agreement, valued at an impressive ₹960 crore, represents a monumental stride in fortifying Azad Engineering’s enduring strategic partnership with GE Vernova International LLC, USA. The order, set to be executed over six years, further underscores the company’s commitment to delivering unparalleled quality and precision.

Azad Engineering Q2 FY25 Results

Azad Engineering reported robust financial performance in Q3FY25 with total revenue surging 34% YoY to ₹111 crore from ₹82 crore in Q3FY24. EBITDA grew by 34% YoY to ₹39.8 crore, with the margin expanding by 200 basis points to 35.7%. Net profit showed a steady 7% YoY increase to ₹20.8 crore. 

As of Q2FY25, the company’s order book stood at ₹4,200 crore, including clients like Mitsubishi Heavy Industries and Honeywell Aerospace. In November 2024, Azad Engineering secured a contract worth ₹340 crore from Arabelle Solutions France, boosting its total order book to ₹5,500 crore after a recent win from GE Vernova.

Share Price Performance 

At 2:19 PM today, shares of Azad Engineering Ltd. were trading at ₹1,681.60 each on the NSE. The stock price is up by 10% today, with the highest traded price reaching ₹1,733.15.

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.

Alembic Pharmaceuticals Secures USFDA Final Approval for Brexpiprazole Tablets

Alembic Pharmaceuticals Limited, founded in 1907, stands as a premier, research-driven pharmaceutical company headquartered in India and publicly listed. Renowned for its expertise in branded generics, Alembic excels in the production and global distribution of high-quality generic medicines. Its state-of-the-art research and manufacturing facilities are endorsed by leading regulatory authorities, including the US Food and Drug Administration (USFDA).

Final Approval from the USFDA

Alembic Pharmaceuticals has announced that it has secured Final Approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Brexpiprazole Tablets in strengths of 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg, and 4 mg.

This approved ANDA is deemed therapeutically equivalent to the reference listed drug (RLD), Rexulti Tablets, manufactured by Otsuka Pharmaceutical Company, Ltd. Brexpiprazole is a sophisticated atypical antipsychotic used as an adjunctive therapy alongside antidepressants for managing major depressive disorder (MDD) in adults. It is also indicated for the treatment of schizophrenia in adults and adolescents aged 13 years and above.

Q2 FY25 Results

Alembic Pharmaceuticals reported a 12% YoY rise in Q2 FY25 net profit to ₹153 crore, driven by strong domestic and US sales, with revenues up 3% to ₹1,648 crore. Domestic formulations grew 6% to ₹609 crore, while the US generics segment rose 6% to ₹467 crore, aided by new launches. 

International formulations outside the US saw an 18% growth to ₹298 crore, while the animal health division grew 20% to ₹118 crore. However, API revenues declined 15% to ₹274 crore due to pricing pressures, and EBITDA margins slipped to 15.6%. The company expects upcoming US launches to bolster future growth.

Share Price Performance 

At 1:50 PM today, Alembic Pharmaceuticals Ltd. shares traded at ₹999.50 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.

Challenges in India’s Manufacturing Sector Due to Chinese Export Restrictions

India’s manufacturing sector, particularly industries reliant on Chinese imports such as electronics, solar panels and electric vehicles (EVs), is facing considerable challenges. Chinese authorities have significantly reduced exports of critical equipment necessary for production, a move believed to be aimed at hindering the growth of global companies in India such as Foxconn, BYD, and Lenovo. This has disrupted the manufacturing landscape, leading to production delays and increased operational costs.

Impact on Key Industries: Electronics, Solar Panels, and EVs

The electronics and EV manufacturing sectors, including major players like Foxconn, are experiencing setbacks due to the advanced machinery and components shortage. The solar panel industry, which was already struggling with supply chain issues is now facing even greater obstacles. Industry experts claim that China’s halting of capital equipment exports has impeded efforts to expand manufacturing capacity, stalling production and escalating costs for companies reliant on Chinese imports.

Escalating Global Trade Tensions

China’s actions have intensified global trade tensions, particularly with the US and European Union. The restrictions are seen as a retaliatory measure in response to changing global trade dynamics. US President-elect Donald Trump, on November 30, announced plans to impose substantial tariffs on Chinese imports, further exacerbating the situation. At the same time, the European Union has imposed tariffs of up to 35.3% on Chinese electric vehicles, further deepening the trade divide between China and its global trading partners.

Conclusion

The disruption in global supply chains caused by China’s export restrictions is severely impacting India’s manufacturing sector, especially in high-demand industries like electronics, solar panels, and electric vehicles. These challenges are compounded by escalating global trade tensions, reflecting a broader shift in international relations.

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.

NPCI Subsidiary Partners With UAE Fintech Firm to Enable UPI

NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI), has partnered with UAE-based fintech firm Magnati to enable Unified Payments Interface (UPI) transactions for Indian tourists. This collaboration aims to streamline QR-based UPI merchant payments across the UAE, marking a significant advancement in cross-border digital payment systems.

UPI Integration in the UAE

The partnership with Magnati will facilitate UPI acceptance at point-of-sale (POS) terminals, starting with Dubai Duty-Free. This initiative is set to benefit over 12 million Indians visiting the UAE annually. UPI, which processed over 16 billion transactions in December 2024 alone, is already operational in seven countries, including Bhutan, Mauritius, Nepal, Singapore, Sri Lanka, and France. Supported by apps like BHIM, Paytm, PhonePe, and Google Pay, UPI enables seamless international transactions for Indian users.

Expanding UPI’s Global Reach

Beyond UAE integration, NIPL is actively working to replicate UPI’s domestic success globally. Efforts include the development of a card scheme similar to RuPay and expanding international use cases such as peer-to-peer (P2P) and peer-to-merchant (P2M) transactions. Collaborative initiatives like Project Nexus, spearheaded by the BIS Innovation Hub, aim to connect instant payment systems in India, Malaysia, the Philippines, Singapore, and Thailand.

Conclusion

The collaboration between NIPL and Magnati signifies a milestone in making UPI a globally accepted payment system. With its increasing reach, UPI is poised to enhance payment experiences for Indians abroad and strengthen economic ties between nations.

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.

India’s Trade Performance in December 2024: A Glimpse into Exports, Imports, and Deficit Dynamics

India’s goods exports recorded a marginal 1% contraction year-on-year in December, reaching just over $38 billion. In contrast, imports rose by 4.9% to nearly $60 billion, narrowing the merchandise trade deficit to $21.9 billion—a sharp decline from November’s record deficit of $31.8 billion. This moderation reflects positive shifts in certain trade parameters, despite underlying challenges.

Gold Imports: Sequential Drop but Yearly Surge

Gold imports saw a sequential decline, dropping from November’s adjusted tally of $9.9 billion to $4.7 billion in December. However, this marked a significant 55.4% year-on-year rise compared to December 2023, indicating strong demand for the yellow metal. The November figure was initially feared to have spiked to $14.9 billion but was corrected by the Centre after identifying a $5 billion double count.

Resilience Amidst Challenges: Quarterly Trends in Exports

Commerce Secretary Sunil Barthwal emphasised the resilience of India’s exports, highlighting that shipment values have grown in each quarter of the 2024 financial year. December’s export figure of $38 billion was only the third time in the financial year that monthly exports reached this level, showcasing consistency in trade performance.

Petroleum Trade: Declining Prices Impact Export Values

Petroleum imports increased modestly by 2.2% in December to $15.3 billion, but petroleum product exports plunged 28.6%, recording just $4.9 billion. Over the April–December 2024 period, petroleum exports declined by 20.84% to a little over $49 billion, while imports rose 6.4% to $138.31 billion. The primary factor behind these figures is a 20% decline in global petroleum prices, which affected export values significantly.

Non-petroleum exports, however, have been consistently rising, with December’s non-petroleum exports up 5.05% year-on-year, and a 7.05% increase noted during the April–December period.

Year-to-Date Trade Statistics

From April to December 2024, India’s goods exports grew 1.6% year-on-year to $321.7 billion, while imports rose 5.15% to $532.5 billion. The cumulative trade deficit for this period stands at $210.8 billion, an 11.1% increase from the previous year. On a year-on-year basis, December’s trade deficit grew 17%, reflecting a mixed performance across sectors.

Call for Budgetary Support

The Federation of Indian Exporters Organisation (FIEO) has urged the government to address critical issues in the upcoming Union Budget 2025. Key recommendations include:

  • Boosting manufacturing and labour-intensive sectors.
  • Resolving trade finance challenges, particularly for micro, small, and medium enterprises (MSMEs).
  • Continuation of schemes like the Interest Equalisation Scheme.
  • Addressing GST-related export hurdles.

FIEO President Ashwani Kumar also highlighted opportunities arising from potential tariff wars by the incoming U.S. administration, stressing the need for a focused export strategy targeting key markets like the U.S.

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.

The Rise of Silver ETFs: Gaining a Spot in Smart Investor’s Portfolio

Silver has long been recognised as one of the most versatile metals, with applications ranging from industrial use to investment purposes. With over ₹14,000 crore already invested in Silver ETFs by Indian investors, these exchange-traded funds have emerged as a modern, efficient alternative to physical silver ownership. Combining affordability, security, and convenience, Silver ETFs provide an innovative way to diversify portfolios without the traditional challenges of owning physical silver.

Rise in Folios and Surge in Average AUM of Silver ETF

The silver ETFs have witnessed remarkable growth in both investor participation and asset accumulation between December 2023 and December 2024. Folios surged by an impressive 308.28%, climbing from 1,52,259 in December 2023 to 6,21,639 by the end of 2024. Similarly, the average assets under management (AAUM) saw a massive increase of 313.65%, rising from ₹3,012.60 crore in December 2023 to ₹12,461.67 crore in December 2024. This substantial growth highlights the increasing appeal of silver ETFs among investors. 

Month Folios of Silver ETF Average AUM of Silver ETF ₹ in Cr
Dec-23 1,52,259 3,012.60
Jan-24 1,89,756 3,278.34
Dec-24 6,21,639 12,461.67

Silver ETFs Performance in 2024

Of the total silver ETFs available in the market, HDFC Silver ETFs stood out with the highest return of 22.02% in 2024. Nippon India Silver ETF followed closely, delivering a return of 20.33% during the same timeframe. Meanwhile, UTI Silver ETF recorded the lowest return, approximately 18.46%, for the year.

What Are Silver ETFs?

Silver Exchange-Traded Funds (ETFs) allow investors to gain exposure to silver’s value without the need to physically own or store the metal. These ETFs are listed on stock exchanges and traded similarly to shares, making them accessible and easy to manage for anyone with a demat account.

Investing in physical silver often entails concerns such as storage, theft, and insurance costs. Silver ETFs address these challenges effectively. Backed by 99.9% high-purity silver, these funds provide safety and transparency. The underlying silver is securely stored with SEBI-regulated custodians, ensuring investors’ peace of mind.

The Unique Role of Silver as an Asset

Silver plays a dual role in the economy:

  • Precious Metal: Like gold, silver is a store of value and acts as a hedge against inflation and economic uncertainty.
  • Industrial Commodity: Approximately 60% of silver’s global demand comes from industries like electronics, renewable energy, and automotive manufacturing.

India’s silver imports reached approximately 8,000 tonnes in 2024, reflecting robust industrial and investment demand. The increasing focus on clean energy and technological advancements continues to drive industrial demand, which surged by 11% in 2023 and another 9% in 2024, totalling nearly 711 million ounces.

This unique combination of investment and industrial appeal makes silver a highly versatile asset in an investment portfolio.

Why Silver ETFs Appeal to Indian Investors?

Silver ETFs offer several advantages:

  1. Convenience: They eliminate the logistical challenges of owning and storing physical silver.
  2. Transparency: The funds are backed by physical silver and stored securely by SEBI-regulated custodians.
  3. Affordability: Investors can purchase Silver ETFs in small quantities, making them accessible to a broader audience.

For Indian investors, Silver ETFs serve as an efficient tool to participate in the growing demand for silver, driven by both domestic consumption and global trends in the technology and energy sectors.

Diversification Benefits of Silver ETFs

Diversification is a cornerstone of prudent investing, and Silver ETFs provide an excellent means to achieve it. By adding silver to a portfolio of equities, debt instruments, or gold, investors can reduce overall risk and enhance stability.

  • Low Correlation with Stock Indices: Silver’s price movements often differ from those of the equity markets, providing a stabilising effect during market volatility.
  • Hedge Against Inflation: In inflationary periods, silver tends to retain its value, preserving the purchasing power of your portfolio.
  • Long-Term Potential: The industrial growth of silver, especially in sectors like renewable energy and electronics, offers long-term investment appeal.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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.