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Equities, Markets - July 2, 2025

Genus Power Aims for 1.5M Smart Meters Monthly!

Genus Power Aims for 1.5M Smart Meters Monthly!

Riding the wave of India’s energy digitization, Genus Power Infrastructures expands its manufacturing capacity and targets significant global growth across strategic markets.

Summary:
Genus Power Infrastructures Ltd. has significantly ramped up its smart meter production capacity to 1.5 million units per month, reinforcing its position as a leader in India’s smart metering mission. The company is currently generating ₹90-95 crore annually through exports and has set its sights on achieving ₹500 crore in exports over the next 3 to 5 years. With a focus on four to five strategic international markets and rising domestic demand driven by India’s power sector modernization, Genus is well-positioned to play a central role in the global smart energy transformation.

As India accelerates its shift toward smarter, digitized energy infrastructure, Genus Power Infrastructures Ltd., one of the country’s foremost innovative metering companies, has scaled up its monthly smart meter production to a staggering 1.5 million units. This expansion aligns with both the Government of India’s ambitious nationwide smart metering rollout and the company’s own international aspirations.
The significant increase in production capacity comes as Genus Power doubles down on its commitment to transforming energy distribution efficiency—both domestically and globally—through cutting-edge smart meter technology.

Meeting India’s Energy Vision: A Domestic Surge
India’s energy landscape is undergoing a radical transformation under the Revamped Distribution Sector Scheme (RDSS) and the National Smart Metering Mission (NSMM). With a goal to replace 25 crore conventional meters with smart meters by 2025-26, the country offers fertile ground for companies like Genus Power.
Genus is already a significant beneficiary of large-scale smart metering tenders issued by government-owned energy distribution companies (DISCOMs) and energy service companies (ESCOs) across India. The increase in production capacity is aimed at fulfilling the massive demand pipeline, particularly from key states such as Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, and Gujarat.
The smart meters produced by Genus offer real-time monitoring, remote disconnection/reconnection, tamper alerts, and seamless data transmission—key functionalities that aid in reducing Aggregate Technical and Commercial (AT&C) losses, improving billing efficiency, and enhancing energy access.
According to Jitendra Kumar Agarwal, Joint Managing Director of Genus Power, “We are proud to contribute to the nation’s energy transformation goals. Our scale-up to 1.5 million meters per month reflects the rising demand for high-quality, reliable smart metering solutions.”

A Global Vision: From ₹95 Crore to ₹500 Crore in Exports
While the domestic market remains a high priority, Genus is increasingly looking outward to international markets to tap into the global smart meter demand, which is projected to grow rapidly amid rising energy costs, grid modernization efforts, and carbon neutrality goals.
Currently, Genus Power is clocking ₹90-95 crore annually in export revenues, serving a diverse set of clients across Asia, Africa, the Middle East, and Latin America. However, the company has now set a target of ₹500 crore in exports over the next 3 to 5 years, a nearly five-fold jump, signalling its aggressive push into global markets.
“We are focusing on four to five strategic markets where utility reforms and smart grid initiatives are gaining traction,” Agarwal confirmed. The identified regions are expected to witness a surge in demand for smart grid infrastructure driven by population growth, electrification, and digital transformation policies.

Export Strategy: Local Partnerships and Tech Differentiation
To achieve its ambitious export target, Genus Power is deploying a multipronged strategy that includes:
Collaboration with local utility companies and energy organizations
Customized metering solutions that comply with country-specific regulatory norms
On-ground support and after-sales service infrastructure
Digital solutions for instantaneous monitoring, invoicing, and grid analysis
Genus also stands out for its in-house R&D capabilities, with over 200 patents filed and a robust product innovation pipeline, ensuring it remains ahead of technological curves and evolving international standards.

The Smart Metering Boom: A Global Opportunity
Globally, the smart meter market is projected to surpass $30 billion by 2030, according to various industry reports. This growth is driven by rising urbanization, need for energy conservation, transition to renewable power, and regulatory mandates.
In regions such as Southeast Asia, Sub-Saharan Africa, and Latin America, where grid losses and power theft remain significant challenges, smart meters are emerging as a key solution for improving financial health of utilities.
Genus Power’s export ambitions are well-timed to leverage this once-in-a-generation market shift, where technological leadership, operational scale, and cost-efficiency will define winners.

Backed by Financial and Policy Tailwinds
Genus Power has also been in the spotlight for its role in India’s smart metering rollout under public-private partnership models. It has been a successful participant in recent tenders issued under Advanced Metering Infrastructure (AMI) projects, many of which are being structured on a BOOT (Build, Own, Operate, Transfer) basis.
These projects are also backed by financial institutions such as REC (Rural Electrification Corporation) and PFC (Power Finance Corporation), giving Genus significant financial flexibility and execution confidence.
Moreover, the Government of India’s push for Make in India, along with PLI schemes (Production-Linked Incentives) for electronics manufacturing, adds another layer of support to Genus’s domestic and export-driven manufacturing plans.

Conclusion: A Metered Approach to Global Leadership
With its upgraded production capacity, Genus Power is not only meeting India’s urgent infrastructure demands but also setting the stage for global leadership in innovative metering technology. As the world moves toward cleaner, more accountable energy systems, companies like Genus will play a pivotal role in powering this transition through digital innovation, scale, and sustainability.
With solid fundamentals, a proactive leadership team, and a well-defined global strategy, Genus Power is ready to become a significant contender in the worldwide energy technology sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Hindalco to Acquire US-Based AluChem for $125 Million to Strengthen Specialty Alumina Portfolio

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Low-Priced Stock Below ₹20 Soars 59% in a Week, Sets New 52-Week Record
Economy, Equities - July 1, 2025

Defence Stocks Retreat After Two-Day Rally Amid Israel-Iran Ceasefire

Defence Stocks Retreat After Two-Day Rally Amid Israel-Iran Ceasefire

After witnessing a robust rally over the past two trading sessions, Indian defence sector stocks reversed course on June 24, 2025, as global tensions eased following the ceasefire agreement between Israel and Iran. The market’s reaction was immediate and widespread, with leading defence companies experiencing a notable decline in share prices. This correction came as investors chose to book profits amid reduced geopolitical risk, especially after recent gains driven by conflict-related speculation.

Market Overview: Broad Sell-Off in Defence Stocks

Several prominent defence firms saw their share prices fall by over 2% during the trading session, with some companies losing up to 6–7% in value. BEML Ltd and Garden Reach Shipbuilders & Engineers (GRSE) were among the biggest losers on the day, with BEML dropping approximately 6.4% and GRSE slipping between 5% to 7%.

The sell-off wasn’t limited to just a few names. Other major players, including Hindustan Aeronautics Ltd (HAL), Bharat Dynamics Ltd (BDL), Bharat Electronics Ltd (BEL), Paras Defence & Space Technologies, IdeaForge Technology, and Cochin Shipyard, also witnessed intraday declines ranging between 2% and 6%.

By the end of the trading session, the Nifty India Defence Index had declined more than 2.2%, indicating widespread softness in defence stocks.

Ceasefire Triggers Risk Sentiment Shift

The trigger for this sudden reversal in defence stocks was the official announcement of a ceasefire between Israel and Iran, bringing an end to weeks of military escalation in the Middle East. Global equity markets reacted positively to the news, shifting investor sentiment away from defence and toward safer and more stable sectors.

During the conflict period, investors had rushed to buy defence stocks, anticipating that global tensions would lead to increased defence spending and stronger order books for Indian defence suppliers. However, with the conflict de-escalating, the speculative risk premium that was priced into these stocks quickly eroded.

Analyst Perspective: Healthy Correction or Start of Repricing?

Market experts view the decline as a healthy correction following an overheated rally. According to Vishnu Kant Upadhyay of Master Capital Services, the sell-off is likely a short-term reaction to geopolitical developments and not indicative of weakening fundamentals. He stated, “This pullback is natural after such a sharp rise. However, the long-term structural story for India’s defence sector remains intact.”

Indeed, many analysts agree that despite the temporary weakness, the Indian government’s continued emphasis on indigenization, export growth, and Make in India initiatives will continue to drive long-term value in defence manufacturing and related sectors.

Fundamentals Remain Strong Despite Short-Term Pressure
Over the last few years, India has significantly boosted its defence budget and strengthened policies to support domestic manufacturing. In FY25, the country allocated over ₹6 lakh crore for defence spending, with increasing emphasis on procurement from domestic companies.

Moreover, India’s defence exports have been growing steadily. The government has set a target to achieve ₹25,000 crore in defence exports by FY26, encouraging companies to expand their production and improve competitiveness globally.

Companies like HAL, BEL, and Cochin Shipyard have benefited from consistent orders from the Indian Armed Forces, and firms like IdeaForge have found demand in cutting-edge technologies like drones and unmanned aerial systems, making them attractive for long-term investors.

Short-Term Volatility Offers Entry Opportunities

For retail and institutional investors, the correction could offer a good opportunity to accumulate quality defence stocks at lower valuations. While the ceasefire has removed immediate catalysts for rapid price movement, the sector continues to enjoy robust order books, healthy margins, and strong policy support.

Technical analysts also point out that despite the decline, many defence stocks continue to trade above key support levels, indicating that the long-term trend remains bullish.

Investors with a long-term horizon may consider this a consolidation phase rather than a reversal, particularly given the consistent push by the Indian government to reduce defence imports and develop indigenous capabilities.

Global Sentiment Also Shifts

International markets mirrored the sentiment seen in India. U.S. equity indices rallied on news of the truce, with defence-related stocks underperforming while broader sectors such as technology and financials gained. This global shift away from “conflict-driven” trades has been echoed in the Indian markets as well.

With geopolitical risk temporarily off the table, global funds are rebalancing their portfolios, leading to profit booking in sectors that benefited from conflict-driven speculation.

Conclusion

Indian defence stocks pulled back on June 24, reflecting a notable change in investor sentiment after the ceasefire between Israel and Iran. While the immediate driver of the recent rally has subsided, long-term fundamentals for India’s defence sector remain robust. This correction, though sharp, is seen more as a breather than a breakdown. For investors with a strategic view, the dip may present a chance to re-enter quality defence names at more reasonable valuations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Paper Arizona Prepares for IPO in 2026 as Revenues Cross ₹100 Crore

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Indian Startups Accelerate IPO Parade as Market Matures in 2025
Equities, Markets - June 30, 2025

HDB Financial Services IPO Gains Traction with 11% Premium Ahead of Launch

HDB Financial Services IPO Gains Traction with 11% Premium Ahead of Launch

HDB Financial’s ₹12,500 crore IPO is set to open June 25, with strong investor interest reflected in rising grey market premiums and robust fundamentals.

HDB Financial is preparing to unveil its long-anticipated initial share sale in the coming week.

HDB Financial Services, a subsidiary backed by HDFC Bank, is gearing up to launch its highly anticipated initial public offering (IPO) on Wednesday, June 25. With a planned issue size of ₹12,500 crore, it is positioned to become the largest IPO so far in 2025 and the biggest since Hyundai Motor India’s landmark ₹27,000 crore offering last year.

Bidding for the shares will be open through Friday, June 27, as the offering captures heightened interest fueled by HDB Financial’s market prominence and the substantial markup reflected in grey market activity.

Price Band, Lot Size, and Investment Details

The price range for the equity offering has been fixed between ₹700 and ₹740 per share. Interested buyers must apply for at least one lot—equivalent to 20 shares—and can apply in multiples thereafter. At the highest price point, the cost per lot totals ₹14,800.

Out of the total ₹12,500 crore issue size, ₹2,500 crore will be raised through the issuance of new shares, while the remaining ₹10,000 crore will come from an offer-for-sale involving 13.51 crore shares offloaded by the promoter, HDFC Bank.

Strong Interest in Grey Market Premium

Ahead of the IPO’s official opening, the grey market premium (GMP) for HDB Financial Services has climbed to ₹80 per share. This implies that the shares could potentially list at around ₹820, reflecting an approximate 11% premium over the upper price band.

Grey market premiums are often considered a gauge of investor sentiment prior to a stock’s market debut. While not always indicative of actual listing performance, the strong GMP points to solid retail and institutional demand.

A Milestone for the NBFC Sector

HDB Financial’s public offering represents a significant turning point for the country’s non-banking financial sector. Not only is it one of the largest IPOs from the sector, but it also underscores the growing confidence in well-capitalized, professionally managed lending institutions.

The company’s market capitalization post-listing is projected to be around ₹62,000 crore, positioning it as a major player in India’s financial services landscape.
Company leadership has described the IPO not as an exit strategy, but as a critical phase in its journey of value creation and long-term growth.

Regulatory Compliance Behind the Listing

The decision to go public also stems from regulatory compliance requirements. Back in October 2022, the Reserve Bank of India (RBI) placed HDB Financial in the “Upper Layer” tier among non-banking financial companies. This category mandates mandatory stock market listing to ensure enhanced transparency and governance standards.
By listing its shares, HDB Financial not only adheres to RBI guidelines but also opens the door to broader capital market participation in its business growth.

Wide-Reaching Business Operations

As of now, HDB Financial operates an extensive network of 1,680 branches across India. It boasts a well-diversified asset base, with a significant focus on retail lending and small to medium-sized enterprises (SMEs).

Key segments of its loan book include vehicle financing and loans secured against property. This diverse portfolio helps the company manage risk while tapping into growing credit demand from individuals and businesses alike.

Strong Financial Performance Backing the Issue

For the half-year period ending September 30, 2024, HDB Financial reported a net profit of ₹1,172.70 crore on a revenue base of ₹7,890.63 crore. Its full-year financials for FY24 showed further strength, with total revenue reaching ₹14,171.12 crore and net profits climbing to ₹2,460.84 crore.

These figures reflect consistent growth, operational efficiency, and prudent risk management, lending credibility to the IPO’s valuation and investment potential.

Attractive Value Proposition for Investors

Despite trading at a discount compared to some of its sector peers—largely due to lower return ratios—HDB Financial stands out for several reasons. These include a strong parental backing, a diversified and retail-focused loan book, and robust asset quality.

Its AAA-rated credit profile further supports its attractiveness as a stable long-term investment, especially in a volatile macroeconomic environment.

Final Thoughts

HDB Financial Services’ ₹12,500 crore public issue is poised to become a landmark event for the Indian financial landscape in 2025. With investor interest building up, a solid grey market premium, and strong business fundamentals, the offering has generated significant buzz in market circles.

The listing fulfills regulatory requirements while simultaneously unlocking new growth avenues and transparency for stakeholders. As the subscription window opens, investors will be closely watching how this issue performs—not just at listing, but over the longer term as well.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Strategic Consolidation: Emcure to Fully Take Over Zuventus Healthcare

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MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!
Equities, Market News, Markets - June 25, 2025

The Stocks Of Indian Infotech Stock Soar After Receiving Board’s Nod For 47 Cr Rights Issue

The Stocks Of Indian Infotech Stock Soar After Receiving Board’s Nod For 47 Cr Rights Issue

A closer look at the recent surge in Indian Infotech and Software Ltd’s stock following a major capital-raising move, and what it means for investors.

Introduction
Penny stocks often fly under the radar, but when a company in this segment announces a major capital-raising initiative, the market takes notice. Indian Infotech and Software Ltd (BSE: 509051), a micro-cap IT services provider, has recently made headlines with its Board’s decision to launch a rights issue totaling Rs 47 crore. This move, coupled with recent changes in the company’s boardroom, has set the stage for a new chapter in its corporate journey.

The Rights Issue: Details and Implications
Indian Infotech’s Rs 47 Crore Rights Issue
On June 23, 2025, the Board of Indian Infotech and Software Ltd approved a rights offering of fully paid equity shares, with the aggregate issue size limited to Rs 47 Cr. The record date for eligibility will be announced soon, and the issue will be conducted in accordance with SEBI’s capital and disclosure regulations.
Why Now?
The company’s decision comes at a time when it seeks to bolster its working capital and fund general corporate purposes. Raising fresh equity through a rights issue is a strategic move, especially for a company with a modest market capitalization and a volatile stock price history.

Recent Corporate Developments
Boardroom Changes
Coinciding with the rights issue announcement, Indian Infotech and Software Ltd accepted the resignation of Independent Director Ms. Aksha Bihani, effective June 16, 2025. Such changes often signal a period of transition and renewed strategic focus for the company2.
Board Meeting Timeline
The decision to pursue a rights issue was preceded by a series of Board meetings in June 2025, where directors deliberated on the company’s capital requirements and fundraising options. The move from discussing general fundraising to specifically approving a rights issue underscores the urgency and importance of this capital infusion.

Stock Performance: Multibagger Moves and Volatility
Price Action
Though considered a penny stock, Indian Infotech and Software Ltd has undergone several periods of significant price fluctuations. As of June 11, 2025, the stock was trading at Rs 1.03, with a 52-week range between Rs 0.73 and Rs 1.78. The announcement of the rights issue has led to a surge in trading volumes, reflecting heightened investor interest.
Returns Snapshot
• 1-Month Return: +1.98%
• 3-Month Return: -13.45%
• 1-Year Return: -26.43%
• 5-Year Return: +442.11%
While recent returns have been negative, the long-term chart reveals multibagger potential for those who entered at historical lows.

Market Sentiment and Investor Outlook
Why Are Investors Interested?
Rights issues in penny stocks often attract speculative interest, given the potential for sharp moves if the company successfully deploys the new capital. For Indian Infotech and Software Ltd, the rights issue is seen as a vote of confidence by management in the company’s future prospects.
Risks and Rewards
Investors should note that while the rights issue offers an opportunity to buy additional shares, the underlying business fundamentals and execution of growth plans remain critical. Penny stocks carry a high level of risk due to their extreme price fluctuations and low trading volumes, making thorough research and caution crucial before investing.

What’s Next for Indian Infotech and Software Ltd?
Key Dates to Watch
• Announcement of the record date for rights issue eligibility.
• Disclosure of issue price and ratio.
• Updates on the utilization of funds post-issue.
Strategic Focus
The capital raised will likely be directed toward strengthening the company’s balance sheet and supporting business expansion. The success of the rights issue and subsequent deployment of funds will be crucial in determining the company’s trajectory in the coming quarters.

Conclusion
This move has revitalized investor sentiment, drawing increased interest from both retail and institutional participants. While the company’s multibagger history and recent developments are promising, prudent investors should keep an eye on the execution of its capital plans and evolving corporate governance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Nestlé India Removed from Sensex: Signaling India’s Changing Economic Landscape

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Devyani International Boosts Sky Gate Stake to Strengthen QSR Portfolio
Equities, Market News - June 25, 2025

Devyani International Boosts Sky Gate Stake to Strengthen QSR Portfolio

Devyani International Boosts Sky Gate Stake to Strengthen QSR Portfolio

Devyani International ramps up its investment in Sky Gate Hospitality, reinforcing its presence in India’s fast-growing quick service restaurant segment.

Devyani International Ramps Up Investment in Subsidiary Sky Gate Hospitality

Devyani International Ltd. drew renewed market interest following its announcement to substantially elevate its shareholding in Sky Gate Hospitality Pvt. Ltd., a company under its umbrella. This calculated move is part of Devyani’s broader effort to cement its influence in India’s swiftly growing quick-service and culinary landscape. The firm plans to raise its ownership stake from 80.72% to 86.13%, committing an investment of up to ₹106.25 crore.

Despite the announcement, the company’s stock showed minimal movement on Monday, closing 0.03% higher at ₹166.75, marginally up from its previous close of ₹166.70. The firm’s market capitalization stood at ₹20,147 crore, underscoring its sizable presence in the Indian QSR landscape.

Details of the Transaction: Cash Investment in Tranches

To formalize this increased investment, Devyani International has entered into a series of binding agreements with Sky Gate and its founders. These include:

• A Share Subscription Agreement
• A Shareholders Agreement
• A Share Purchase Agreement with the founding promoters

The capital investment will be carried out via a monetary transaction, with the deal slated for completion no later than July 31, 2025. Notably, the deal may occur in multiple tranches depending on operational needs and strategic timelines.

Even though this qualifies as a related party transaction, Devyani clarified that the promoter group does not hold any direct stake in Sky Gate. Moreover, the deal is being carried out on an arm’s length basis, adhering to fair market practices and governance norms.

Sky Gate Hospitality: A Fast-Rising QSR Powerhouse

Sky Gate Hospitality, the entity receiving the capital boost, is a subsidiary of Devyani International and operates a dynamic portfolio of up-and-coming food brands in India’s QSR market. Among its key offerings are:

• Biryani By Kilo
• Goila Butter Chicken
• The Bhojan
• Get-A-Way
• Krazy Kebab Co.

These brands are steadily gaining recognition and contributing to Sky Gate’s rising footprint. As of March 31, 2025, the company reported an unaudited consolidated turnover of approximately ₹277 crore, excluding the performance of two operational units. Its paid-up capital stood at ₹20.23 lakh, reflecting a lean but agile capital structure.

Strategic Rationale Behind the Equity Infusion

The primary goal behind Devyani’s increased investment is to fuel Sky Gate’s expansion, support its subsidiaries, and provide working capital for general business operations. The move aligns with Devyani’s broader mission to diversify and scale its restaurant holdings beyond its core legacy brands.

The added capital is expected to:

• Accelerate brand development and outlet expansion
• Enable investments in technology, supply chain, and talent acquisition
• Drive innovation in menu offerings and customer experience

By enhancing its shareholding, Devyani International not only reinforces its control over Sky Gate but also positions itself to leverage future growth in the QSR space, especially among mid-premium and delivery-first brands.

Devyani International: A Longstanding Force Shaping India’s Rapid-Serve Culinary Landscape

Incorporated in 1991, Devyani International has long been a major player in India’s organized foodservice industry. The company is known for operating iconic QSR brands such as:
• Pizza Hut
• KFC
• Costa Coffee
• Vaango

The firm has consistently expanded its national footprint by focusing on mall food courts, standalone outlets, and delivery-centric formats, keeping pace with evolving consumer preferences. Devyani’s recent decision to expand its ownership in Sky Gate underscores its broader vision to strengthen dominance across both established and rising segments of the food industry.

Market Response: Modest but Optimistic

Though the immediate stock market reaction was subdued, the development is viewed by market watchers as a long-term positive. Investors and industry observers see this as a sign of Devyani’s commitment to growth through strategic investment and portfolio diversification.

The stability in share price also suggests that the market had likely anticipated the move or factored in Devyani’s ongoing efforts to bolster its secondary brand portfolio. As execution progresses and Sky Gate’s performance strengthens, a more pronounced stock re-rating may occur.

Final Thoughts

Devyani International’s decision to increase its equity stake in Sky Gate Hospitality signals a strong commitment to its QSR growth agenda. By investing over ₹100 crore to lift its holding to 86.13%, the firm is doubling down on a high-potential subsidiary with an expanding footprint in India’s foodservice market.

This move not only enhances Devyani’s influence over Sky Gate’s operations but also positions it to extract greater value from new-age, delivery-friendly food brands. With India’s appetite for diverse dining options growing rapidly, this strategic step is likely to yield operational and financial dividends over the coming years.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Walmart’s Indian Bet: E-commerce and Sourcing Power Next Wave of Global Growth

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MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!
Equities, Market News - June 25, 2025

The Stocks Of Indian Infotech Stock Soar After Receiving Board’s Nod For 47 Cr Rights Issue

The Stocks Of Indian Infotech Stock Soar After Receiving Board’s Nod For 47 Cr Rights Issue

A closer look at the recent surge in Indian Infotech and Software Ltd’s stock following a major capital-raising move, and what it means for investors.

Introduction
Penny stocks often fly under the radar, but when a company in this segment announces a major capital-raising initiative, the market takes notice. Indian Infotech and Software Ltd (BSE: 509051), a micro-cap IT services provider, has recently made headlines with its Board’s decision to launch a rights issue totaling Rs 47 crore. This move, coupled with recent changes in the company’s boardroom, has set the stage for a new chapter in its corporate journey.

The Rights Issue: Details and Implications
Indian Infotech’s Rs 47 Crore Rights Issue
On June 23, 2025, the Board of Indian Infotech and Software Ltd approved a rights offering of fully paid equity shares, with the aggregate issue size limited to Rs 47 Cr. The record date for eligibility will be announced soon, and the issue will be conducted in accordance with SEBI’s capital and disclosure regulations.
Why Now?
The company’s decision comes at a time when it seeks to bolster its working capital and fund general corporate purposes. Raising fresh equity through a rights issue is a strategic move, especially for a company with a modest market capitalization and a volatile stock price history.

Recent Corporate Developments
Boardroom Changes
Coinciding with the rights issue announcement, Indian Infotech and Software Ltd accepted the resignation of Independent Director Ms. Aksha Bihani, effective June 16, 2025. Such changes often signal a period of transition and renewed strategic focus for the company2.
Board Meeting Timeline
The decision to pursue a rights issue was preceded by a series of Board meetings in June 2025, where directors deliberated on the company’s capital requirements and fundraising options. The move from discussing general fundraising to specifically approving a rights issue underscores the urgency and importance of this capital infusion.

Stock Performance: Multibagger Moves and Volatility
Price Action
Though considered a penny stock, Indian Infotech and Software Ltd has undergone several periods of significant price fluctuations. As of June 11, 2025, the stock was trading at Rs 1.03, with a 52-week range between Rs 0.73 and Rs 1.78. The announcement of the rights issue has led to a surge in trading volumes, reflecting heightened investor interest.
Returns Snapshot
• 1-Month Return: +1.98%
• 3-Month Return: -13.45%
• 1-Year Return: -26.43%
• 5-Year Return: +442.11%
While recent returns have been negative, the long-term chart reveals multibagger potential for those who entered at historical lows.

Market Sentiment and Investor Outlook
Why Are Investors Interested?
Rights issues in penny stocks often attract speculative interest, given the potential for sharp moves if the company successfully deploys the new capital. For Indian Infotech and Software Ltd, the rights issue is seen as a vote of confidence by management in the company’s future prospects.
Risks and Rewards
Investors should note that while the rights issue offers an opportunity to buy additional shares, the underlying business fundamentals and execution of growth plans remain critical. Penny stocks carry a high level of risk due to their extreme price fluctuations and low trading volumes, making thorough research and caution crucial before investing.

What’s Next for Indian Infotech and Software Ltd?
Key Dates to Watch
• Announcement of the record date for rights issue eligibility.
• Disclosure of issue price and ratio.
• Updates on the utilization of funds post-issue.
Strategic Focus
The capital raised will likely be directed toward strengthening the company’s balance sheet and supporting business expansion. The success of the rights issue and subsequent deployment of funds will be crucial in determining the company’s trajectory in the coming quarters.

Conclusion
This move has revitalized investor sentiment, drawing increased interest from both retail and institutional participants. While the company’s multibagger history and recent developments are promising, prudent investors should keep an eye on the execution of its capital plans and evolving corporate governance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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The image added is for representation purposes only

Nestlé India Removed from Sensex: Signaling India’s Changing Economic Landscape

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Nestlé India Removed from Sensex: Signaling India’s Changing Economic Landscape
Economy, Equities, Market News - June 24, 2025

Nestlé India Removed from Sensex: Signaling India’s Changing Economic Landscape

Nestlé India Removed from Sensex: Signaling India’s Changing Economic Landscape

Nestlé India’s recent removal from the prestigious BSE Sensex has sparked significant attention in the stock market and among investors. This change highlights a deeper economic shift within India’s fast-evolving consumption patterns and investment preferences. The decision to replace Nestlé India with retail giant Trent and defence player Bharat Electronics Limited (BEL) illustrates how the structure of the Indian economy is transforming, with new sectors rising to prominence.

Why Nestlé India Was Dropped

Nestlé India’s exit is part of the Bombay Stock Exchange’s regular review of its flagship 30-stock Sensex index. These updates are based on the free-float market capitalization and sector representation, ensuring that the index accurately reflects the broader Indian economy.The addition of Trent and BEL in this review highlights a noticeable change in investor priorities and the growing influence of emerging sectors.

FMCG companies like Nestlé, which once held a significant place in the Sensex, are now losing their weight in the index. Hindustan Unilever and ITC are currently the only two major FMCG players remaining in the Sensex. In earlier years, FMCG companies made up nearly 12% of the Sensex, but that share has now dropped to around 6%. This decline shows that the Indian market is gradually shifting away from defensive, low-growth sectors toward companies that align with the country’s growing middle class, rising consumer demand, and increasing expenditure on services and discretionary products.

India’s Consumption Patterns Are Changing

Nestlé India’s exit from the Sensex goes beyond a routine index update—it highlights the shifting consumption patterns in India. Traditionally, India’s consumer spending focused heavily on essential items such as food, packaged goods, and daily household staples, which supported FMCG giants like Nestlé. However, with rising incomes, urbanization, and lifestyle changes, Indian consumers are now spending more on services like healthcare, education, travel, entertainment, and premium retail products.

This transition is pushing the economy into a new phase where consumer choices are moving beyond necessities toward experiences, branded goods, and value-added services. As a result, the companies that stand to benefit most from this new wave of consumer behaviour are those in sectors like retail, defence, financial services, and technology.

Significance of Trent and Bharat Electronics’ Inclusion

Trent, part of the Tata Group, is well-positioned to benefit from India’s rising demand for branded and organized retail experiences. With expanding consumer demand for fashion, lifestyle, and modern retail outlets, Trent’s entry into the Sensex marks a shift in market leadership toward sectors aligned with the future of Indian consumption.

Similarly, Bharat Electronics Limited (BEL), a key player in India’s defence manufacturing, is gaining prominence. The government’s increasing focus on self-reliance in defence production, along with rising allocations to the defence sector, has helped BEL secure a position in the Sensex. Investors are increasingly seeing long-term growth opportunities in defence companies as India focuses on boosting its military capabilities and minimizing reliance on foreign imports.

Both Trent and BEL symbolize the sectors expected to drive future growth in India’s economy—retail, consumption, and defence.

India’s Economic Structure is Shifting

The structure of the Sensex has consistently evolved to mirror India’s shifting economic growth narrative. Years ago, FMCG companies had a solid presence because consumer spending was heavily concentrated on basic goods. Today, services contribute nearly 60% of India’s GDP, and this economic tilt is now visible in the stock index composition.

The Sensex, much like the Dow Jones in the United States, is designed to showcase the most influential and representative companies in the economy. Its realignment is not simply about stock performance; it is a clear indicator of how the Indian economy is growing, evolving, and diversifying.

What This Means for Investors

For market participants, the reshuffling of the Sensex is more than just a list change—it is a signal to re-evaluate sector allocations and portfolio strategies. Investors are now being encouraged to focus on emerging growth sectors like retail, defence, technology, and financial services, which are better aligned with India’s future economic expansion.

Nestlé India’s exclusion does not suggest that the company is underperforming; rather, it indicates that its growth trajectory does not currently match the faster pace seen in sectors like retail and defence. FMCG companies are still seen as stable, but they are no longer the primary growth engines for the Indian stock market.

Conclusion

The removal of Nestlé India from the BSE Sensex reflects a broader transformation in India’s consumption and investment landscape. As the economy shifts toward services, branded retail, and indigenous defence capabilities, the stock market is evolving to showcase companies that are best positioned to thrive in this new environment. Adapting to these changes will be crucial for investors aiming to capture long-term growth opportunities in India’s dynamic economy.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IdeaForge Shares Surge 10% After Securing Major Defence Order from MoD

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IdeaForge Shares Surge 10% After Securing Major Defence Order from MoD

IdeaForge Shares Surge 10% After Securing Major Defence Order from MoD

IdeaForge Technology Ltd., one of India’s leading drone manufacturers, witnessed a sharp rally in its stock price on June 24, 2025, after securing a significant order from the Ministry of Defence (MoD). The company’s shares locked in a 10% upper circuit following the announcement of a new supply contract for mini Unmanned Aerial Vehicles (UAVs) valued at ₹137 crore.

Strong Stock Market Response

Following the defence order news, IdeaForge’s stock price surged, touching the upper circuit limit of 10% on the Bombay Stock Exchange (BSE). The company’s shares jumped from ₹574 to ₹631.65 during intraday trading and attracted significant investor interest, with many buyers entering the stock and no sellers visible at closing. The rally pushed IdeaForge’s stock above key moving averages, signaling renewed positive momentum among traders.

The company’s stock also crossed critical resistance levels, including the 5-day, 20-day, 50-day, and 200-day simple moving averages, which further confirmed bullish sentiment in the market. Technical signals like the Relative Strength Index (RSI) indicated rising investor interest, as the RSI approached levels typically associated with an overbought condition.

Details of the Defence Contract

In an official exchange filing, IdeaForge confirmed that the Ministry of Defence had placed a repeat order worth ₹137 crore for the supply of mini UAVs and related accessories. The company is expected to complete the delivery within the next 12 months. This repeat order demonstrates the MoD’s continued confidence in IdeaForge’s manufacturing and operational capabilities.

IdeaForge specializes in the design and development of unmanned aerial systems, with products used for border surveillance, mapping, and defense applications. The latest contract strengthens the company’s position as a trusted supplier for India’s defense sector, especially as the country focuses on building indigenous capabilities under the ‘Atmanirbhar Bharat’ initiative.

Financial Performance: Current Challenges

Despite the positive development, IdeaForge has faced financial headwinds in recent quarters. For the fourth quarter of FY25, the company reported a substantial decline in revenue, which fell by nearly 80% year-on-year to ₹20 crore. In addition, the company posted a net loss of ₹26 crore for the quarter, marking a significant reversal from the ₹10 crore net profit reported in the same quarter of the previous year.

The company’s order book also contracted, dropping from ₹54 crore last year to ₹13.6 crore by March 2025. These financial challenges had raised concerns among investors regarding the company’s growth outlook and order consistency. However, the new MoD contract is expected to help IdeaForge revive its order flow and stabilize its financial performance in the coming quarters.

Strengthening India’s Defence Manufacturing Push

The Ministry of Defence’s decision to award the contract to IdeaForge aligns with India’s broader goal of promoting domestic defense manufacturing and reducing reliance on foreign suppliers. As India seeks to enhance its surveillance capabilities and strengthen national security, UAV technology has become an essential focus area.

IdeaForge’s mini UAVs are expected to play a critical role in field surveillance, reconnaissance, and intelligence-gathering operations for the Indian armed forces. With geopolitical tensions in the region and India’s increasing focus on defense modernization, such contracts are becoming more frequent and essential.

Long-Term Prospects for the UAV Sector

The Indian drone industry is poised for rapid expansion, with defense, agriculture, logistics, and infrastructure sectors increasingly adopting UAV technology. With strong in-house research and development expertise, IdeaForge is strategically placed to tap into this expanding market.

The recent MoD order is likely to boost the company’s revenue pipeline and improve its chances of winning additional contracts from both defense and commercial sectors. However, successful and timely execution of the current order will be crucial in securing future deals and strengthening its market position.

Stock Performance and Market Outlook

IdeaForge’s stock has delivered a solid performance year-to-date, gaining approximately 64%. Despite the recent rally, the stock remains around 18% below its 52-week high of ₹864. Market analysts have mixed views on the stock’s valuation, with some cautioning about the rapid price surge and the possibility of profit booking, while others remain optimistic about the company’s long-term growth in the UAV space.

The company’s ability to maintain financial stability, deliver on its defense commitments, and expand its client base will be key factors that determine its future stock performance.

Conclusion

The ₹137 crore defense order from the Ministry of Defence marks an important milestone for IdeaForge and reinforces the company’s leadership in India’s growing UAV sector. The significant surge in the stock price signals revived investor trust and positive expectations regarding the company’s future growth path. With India’s increasing push for self-reliance in defense manufacturing and rising demand for unmanned aerial solutions, IdeaForge is well-placed to play a pivotal role in the country’s defense and security landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Adani Deploys India’s First Standalone 5 MW Green Hydrogen Plant in Gujarat

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Reliance Infrastructure Shares Gain After Subsidiary Clears ₹273 Crore Dues to Yes Bank

Reliance Infrastructure Shares Gain After Subsidiary Clears ₹273 Crore Dues to Yes Bank

Reliance Infrastructure Limited (RInfra) saw its share price rise following the complete repayment of dues by its subsidiary, JR Toll Road Private Limited (JRTR), to Yes Bank. The total settlement, which included ₹273 crore covering principal and interest, is part of RInfra’s continued financial restructuring.

Settlement Overview

JR Toll Road, fully owned by Reliance Infrastructure, completed the full repayment of its outstanding debt to Yes Bank under a revised agreement. This payment resolved all financial obligations related to the loan.
With this repayment, Reliance Infrastructure has been officially released from the corporate guarantee it had extended on behalf of JR Toll Road. The release reduces RInfra’s financial exposure and strengthens its financial structure.

Corporate Clarification Regarding Yes Bank

RInfra clarified that Yes Bank holds no ownership stake in the company, is not linked to its promoter group, and has no financial association as a related party. This statement was made to prevent any misinterpretation about the relationship between the two entities.

Investor Reaction

After the announcement of the settlement, Reliance Infrastructure’s stock gained approximately 3.1% on the Bombay Stock Exchange (BSE), trading near ₹384 on June 23, 2025. This positive stock movement reflects investor approval of the company’s effort to resolve its debt commitments.
The market’s favorable response indicates that investors view the settlement as a constructive step that will enable RInfra to shift focus toward its key operational areas and upcoming projects.

Improved Financial Position

This debt settlement aligns with Reliance Infrastructure’s broader aim to cut debt levels and strengthen financial stability. The company has consistently worked to simplify its balance sheet and ensure sustainable financial growth.
With this liability now cleared and the guarantee lifted, RInfra can now explore new opportunities with more financial flexibility and reduced risk exposure.

Focus on Core Business Growth

Reliance Infrastructure plans to continue strengthening its primary business segments, including engineering, procurement, and construction (EPC), power distribution, metro projects, airport management, and toll road operations. The reduced debt burden places the company in a stronger position to pursue large infrastructure contracts.
The settlement also allows RInfra to more actively bid for government projects and public-private partnership (PPP) initiatives with a more secure financial base.

Industry Outlook and Company Prospects

In India’s competitive infrastructure sector, maintaining low debt levels provides companies with a strategic advantage. Financially sound organizations are better equipped to secure major contracts and manage complex projects effectively.
Reliance Infrastructure’s successful debt clearance highlights its commitment to financial responsibility. Industry analysts and investors view this action as evidence of strong financial governance and a proactive management approach.
Looking forward, RInfra is expected to remain focused on cost management, asset monetization, and timely project delivery. These strategic efforts are likely to appeal to long-term investors interested in India’s expanding infrastructure market.

Conclusion
The settlement of JR Toll Road’s ₹273 crore dues to Yes Bank marks an important achievement for Reliance Infrastructure as it continues to improve its financial health. By resolving this liability and removing the related corporate guarantee, the company has lowered its financial risks.
The positive reaction from the stock market underlines investor confidence in RInfra’s capability to manage its financial obligations and grow its core businesses. This development is expected to support the company’s future growth and involvement in upcoming infrastructure opportunities across India.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Aditya Birla Lifestyle Sets Ambitious Goal to Double Revenues by FY30

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PFC Ltd Share Price Forecast from 2025 to 2030: Long-Term Investment Insights

PFC Ltd Share Price Forecast from 2025 to 2030: Long-Term Investment Insights

Explore PFC Ltd’s projected share price journey through 2025–2030, backed by fundamental analysis, financials, and its evolving role in India’s power sector.

Introduction to Power Finance Corporation (PFC Ltd)

Power Finance Corporation Ltd., better known as PFC, is one of India’s most prominent government-owned Non-Banking Financial Companies (NBFCs). Operating at the core of India’s power and infrastructure development, PFC plays a strategic role by funding various large-scale power projects. It also serves as the nodal agency for several flagship government programs such as the Revamped Distribution Sector Scheme (RDSS) and Integrated Power Development Scheme (IPDS).

Aligned with the national vision of “Viksit Bharat,” PFC has made significant contributions to the energy transition. The company has supported the development of crucial infrastructure and has financed nearly 25% of the country’s installed renewable energy capacity.

Financial Performance Overview (FY 2023–24)

During FY 2023–24, PFC recorded a strong bottom-line performance, posting a net income of ₹14,367 crore. The company’s loan book stood strong at ₹4,81,462 crore, with renewable energy loans contributing ₹60,208 crore. Additionally, PFC maintained a 54EC bond portfolio valued at ₹8,994 crore. These figures highlight PFC’s ability to manage large-scale financing while focusing on clean energy growth.

PFC Share Price Forecast for 2025

As we approach 2025, PFC’s stock is anticipated to experience a steady and progressive upward movement. Based on market sentiment and historical performance, the stock is expected to trade between ₹405 and ₹500 by the end of the year. Growth in loan disbursements, rising demand in the power sector, and stable returns could positively influence its valuation.

2026 Share Price Outlook

In 2026, PFC shares may see increased traction driven by ongoing infrastructure expansion and digital grid modernization. Forecasts suggest that the stock may begin the year around ₹400 and climb up to ₹650 by December. Improved profitability and government policy continuity could play a critical role in supporting this rise.

Projections for 2027

The year 2027 may bring further gains for PFC, especially if it strengthens its renewable financing verticals. The projected valuation for the year spans from ₹500 to ₹800. The company’s consistent financial results, combined with its strategic role in India’s decarbonisation efforts, may attract more long-term investors.

Forecast for 2028

Heading into 2028, PFC is poised for rapid expansion, fueled by the increasing pace of renewable energy and infrastructure developments. The share price is expected to rise from ₹700 at the year’s start to as high as ₹1,100 by year-end. Market confidence in the company’s project pipeline and disciplined fiscal management could be key drivers.

PFC Price Prediction for 2029

As infrastructure investments deepen, PFC’s share price may reflect strong upward momentum through 2029. The stock could open the year near ₹900 and potentially climb to ₹1,500 by December. Growth in sustainable lending and expanded transmission financing may continue to support its upward trajectory.

2030 Long-Term Investment View

By 2030, PFC is likely to benefit from long-standing reforms and growing capital needs in the energy sector. With consistent government support and steady financial execution, the share price might reach between ₹1,200 and ₹1,800. The company’s role in India’s green transition and its reliable dividend payout history make it appealing for patient, long-term investors.

PFC’s Financial Strength and Market Metrics

PFC demonstrates strong fundamentals that support its valuation potential. As of now, its market capitalization is around ₹1.35 lakh crore. With a price-to-earnings ratio of 5.87 and a return on equity of approximately 19.5%, the company showcases solid value and efficiency. A dividend return of 3.86% enhances its appeal among investors seeking consistent income streams.

Although the debt-to-equity ratio is high at 8.25, it is acceptable within the context of government-owned infrastructure lenders. The book value stands near ₹356.77, and the stock’s face value is ₹10, indicating room for appreciation in line with sectoral demand.

Shareholding Composition

PFC’s ownership is largely held by promoters, who control nearly 56% of the company. Institutional investors like FIIs and mutual funds hold close to 30%, while retail and others account for just under 9%. This balanced distribution reflects confidence among large investors in the company’s fundamentals and policy-driven stability.

How to Invest in PFC Shares

Investing in PFC shares is straightforward and accessible through most online trading platforms. Applications like Zerodha, Groww, Upstox, Angel One, Dhan, and PhonePe Share Market enable users to open a demat account and start trading. Investors can search for PFC using its NSE symbol and make informed decisions based on market trends and individual risk tolerance.

Final Thoughts

Power Finance Corporation Ltd. has established itself as a key financial driver in India’s evolving power landscape. With a focus on clean energy, a solid dividend track record, and an active role in government-backed infrastructure schemes, it offers a compelling case for long-term investment. The share price projections from 2025 through 2030 indicate potential for steady appreciation, especially if India continues to push its energy transition agenda.

While no investment is without risk, PFC’s strategic relevance, financial stability, and sectoral tailwinds make it a strong contender for portfolios aimed at long-term growth and income. Investors should monitor macroeconomic developments, interest rate movements, and energy sector policies to maximize returns from this NBFC giant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BluPine Energy Secures ₹2,416 Cr to Build Hybrid Clean Power Project in Karnataka

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