Finshorts
Asia’s only listed depository, Central Depository Services Ltd (CDSL) surpassed 15 crore demat accounts, reflecting strong retail investor participation. However, brokerages B&K Securities and Nuvama downgraded the stock, citing weak secondary market volumes. CDSL’s Q3 FY25 net profit rose 21% to ₹130 crore, while total income surged 30% to ₹278 crore. New demat account openings … Read more
Motilal Oswal downgraded Vodafone Idea to ‘sell,’ citing market share loss, weak financials, and heavy government dependence. The brokerage set a target price of ₹5, implying a 40% downside. Vi’s capex plans hinge on debt financing, but a cash shortfall looms from FY26 due to ₹44,000 crore annual government repayments. CEO Akshaya Moondra remains hopeful … Read more
Power Finance Corporation reported a 23% jump in net profit to ₹7,760 crore in Q3 FY25, driven by higher revenue. Total income rose 14% to ₹26,822 crore. The board approved a ₹3.50 per share interim dividend, with a record date of February 28. Loan assets grew 12% to ₹10.69 lakh crore, while bad loans hit … Read more
Ashok Leyland posted a 35% rise in consolidated net profit at ₹820 crore for Q3 FY25, driven by strong international sales. Revenue grew 8% year-on-year to ₹11,995 crore, marking its best-ever third-quarter performance. Export volumes surged 33% to 4,151 units. The company remains bullish on growth, with plans for new product launches and investments in … Read more
The rupee appreciated 27 paise to 86.52 against the US dollar on Wednesday, supported by easing crude oil prices and Reserve Bank of India measures. However, gains were limited by weak equity markets, foreign fund outflows, and a strong dollar amid trade war concerns. The rupee’s recovery follows a steep drop near 88/USD earlier this … Read more
Investment banking firm Morgan Stanley acquired a 1.5% stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market deal, while Goldman Sachs offloaded a 1.47% stake for ₹97 crore. Despite the investment, the stock fell 6% to ₹294.75 on the National Stock Exchange. Investors will watch for further institutional activity and … Read more
Steel Authority of India Limited (SAIL) reported a 66% drop in Q3 FY25 net profit to ₹142 crore due to higher expenses and increased cheap imports. Total income rose 5% to ₹24,723 crore, but expenses surged to ₹24,560 crore. The company remains optimistic about demand growth from infrastructure projects, while government interventions on steel imports … Read more
Gensol Engineering reported a 6% rise in profit after tax to ₹18 crore in Q3 FY25, with revenue surging 30% to ₹345 crore. The company secured two major EPC contracts—₹1,061.97 crore for a 275 MW solar project in Gujarat and ₹897.47 crore from NTPC Renewable Energy for a 225 MW project. Strong order inflows and … Read more
Hindustan Aeronautics Limited (HAL) has an order book of ₹1.2 lakh crore, expected to rise to ₹2.2 lakh crore by 2025, with execution targeted by 2030. The company is finalizing orders for 97 Light Combat Aircraft (Tejas) and 156 Light Combat Helicopters (Prachanda). HAL is also expanding production and exploring exports in North Africa and … Read more
Vodafone Idea reduced its net loss to ₹6,609.3 crore in Q3 FY25 from ₹6,985.9 crore YoY, while revenue grew 4% to ₹11,117.3 crore. Average revenue per user (ARPU) rose to ₹173, up 4.7% sequentially. The company secured ₹26,000 crore in fresh equity capital and plans ₹50,000-55,000 crore in capex over three years, including 5G rollout, … Read more