Price Movements

With the market capitalization of Rs 51,680 Crores, the share of Uno Minda Ltd is up by 0.99 percent compared to the previous close of Rs 894.10, and the share has recovered 3 percent from its day low of Rs 877.05 and is down by 26 percent from its 52-week high of Rs 1,255

Uno Minda Ltd has received Board approval for an investment of approximately Rs. 114 crore for a 70% equity stake in the JV, to be made over the next three years. Initially, the company will hold 100% equity until Inovance Automotive (HK) obtains regulatory approvals. Post-approval, the JV partner will acquire a 30% stake

The Board of the Company and the JV Company have approved the Detailed Project Report for developing and manufacturing high-voltage 4W PV & CV EV powertrain products, with a total project cost of approximately Rs. 423 crores

Uno Minda Limited is a leading global Tier-1 supplier of innovative automotive systems and solutions for OEMs. The company designs and manufactures over 25 categories of components for passenger vehicles, commercial vehicles, and two-/three-wheelers, supporting both ICE and electric/hybrid platforms.

Financials

The company reported a revenue of Rs 4,184 crores in Q3 FY25, up by 18.7 percent from its Q3 FY24 revenue of Rs 3,523 crores. It posted a Net profit of Rs 254 crore in Q3 FY25, up by 23 percent from its Q3 FY24 net profit of Rs 205 crores.

Written By Ashok Kumar

Shares of India’s largest solar module manufacturer tumbled 9 percent despite reporting strong quarterly results. The unexpected decline has raised eyebrows among investors, prompting questions about what’s driving the negative sentiment despite the company’s solid performance on paper.

Price Movement 

During Friday’s trading session, Waaree Energies Ltd reached an intra-day low of Rs.2,590.20 per share, falling 8.9 percent from its previous close of Rs.2,839.90 each. However, the stock recovered a bit before closing at Rs.2,668.10 apiece.

Waaree Energies shares came under pressure following the expiry of the shareholder lock-in period on April 25, making 15 crore shares eligible for trading. These shares account for 53 percent of the company’s outstanding equity, sparking concerns of potential sell-offs in the market.

The sharp dip in share price reflects investor caution, even though the company posted robust Q4 results with strong growth in both profit and revenue. Despite the volatility, analysts note that the unlocking does not imply all shares will be sold, but the increased float could impact near-term sentiment.

In Q4 FY25, the company reported revenue of Rs.4,140.92 crore, marking a 37 percent increase from Rs.3,007.44 crore in Q4 FY24. On a quarterly basis, revenue surged 17 percent from Rs.3,545.27 crore in Q3 FY25, highlighting steady business expansion.

Net profit for the quarter witnessed a 36 percent year-on-year rise to Rs.644.47 crore, compared to Rs.475.16 crore in the similar quarter of previous year. Additionally, on a quarterly basis, net profit saw a 27 percent jump from Rs.506.88 crore in Q2 FY25, demonstrating robust earnings growth.

Business Highlights 

Waaree Energies currently has a solar module manufacturing capacity of approximately 15 GW and a cell manufacturing capacity of 5.4 GW. Its US manufacturing facility became operational in January 2025, marking a key milestone in its global expansion strategy. The company also completed its first year of operations under IndoSolar following its acquisition.

For the full year, the company reported a profit of Rs.55 crores. It holds a robust order book valued at Rs.47,000 crores and has Rs.15,550 crores in available funds, providing strong financial backing for future growth and capacity enhancements.

The company is deepening its backward integration with a 6 GW ingot and wafer facility set for FY27, alongside its existing 5.4 GW cell capacity. Its 15 GW solar module capacity will expand by 4.8 GW in FY26–27, supported by tech collaborations for Perovskite tandem cells. These steps aim to boost efficiency and control across the solar value chain.

It is also investing in energy storage, with a 3.5 GWh lithium-ion cell facility expected by FY27. In green hydrogen, the company has secured PLI approval for a 300 MW electrolyser plant, also set to be operational by FY27. These moves underline its focus on clean energy and self-reliance.

The company is actively strengthening its power infrastructure segment with the ongoing acquisition of EGPIPL. It recently won RUMSL’s 170 MW project and has secured connectivity for nearly 1 GW. A 3 GW inverter manufacturing facility, capable of producing three lakh units annually, is under construction and expected to be operational by Q4 FY26. In the EPC space, the company has 3.2 GW under execution and manages a 695 MWp O&M portfolio of solar power plant assets.

EBITDA Guidance 

The company is projecting strong year-on-year growth in EBITDA, driven by rising demand and continued operational excellence. For FY26, it has provided guidance indicating expected EBITDA in the range of Rs.5,500 to Rs.6,000 crores, reflecting confidence in its growth trajectory and efficient execution capabilities.

Written by – Ashok Kumar

Price action

With a market capitalisation of Rs. 1,17,834.34 crores on Thursday, the shares of Solar Industries India Ltd jumped upto 1.5, making a high of Rs. 13281.00 per share compared to its previous closing price of Rs. 13081.25 per share.

Solar Industries India Limited (SIIL), founded in 1995, has become the leading manufacturer of industrial explosives in India, commanding around 30 percent of the market share. The company operates the world’s largest facility for packaged explosives and has a strong export presence, supplying products to 65 countries.

What Happened 

Solar Industries India Limited, engaged in manufacturing bulk explosives, packaged explosives, and initiating systems for the mining, infrastructure, and construction industries, is in focus after a leading indian brokerage firm, ICICI Securities, initiated revised a Buy Target of Rs. 16,000 (Earlier Rs. 13,720) on it with an upto 23 percent Upside Potential.

Defence Business Expansion: The company is significantly scaling its defence operations, with its order book growing from INR 26bn to INR 130bn in FY25. This includes supplying systems and platforms, diversifying away from consumables, and capitalising on global trends like the European rearmament and ammunition shortages.

Global and Domestic Tailwinds: The company is well-positioned to take advantage of global defence trends, with a growing share of export orders (around 50 percent) reducing execution risks and customer concentration.

Healthy Financial Position: SOIL is expected to be net cash positive by FY25E and maintain low working capital days (under 90). This allows the company to invest up to INR 150bn by FY30E, supporting robust growth without excessive debt.

Strong Return Metrics: SOIL’s RoCE and RoE remain strong (27.3% and 35.2% respectively in FY25E), indicating efficient capital usage and high profitability, which supports a premium valuation multiple.

Rising P/E Multiple: Given the company’s sustained growth prospects, particularly in the high-margin defence segment, the analysts raised the P/E multiple to 70x (from 60x), justifying a higher target price of INR 16,000.

Solar Industries India Limited offers a wide range of products, including industrial explosives, explosive initiating systems, defence explosives, and export products, catering to both domestic and international markets.

Industrial Explosives as per recent data (86 percent in FY24 vs 91 percent in FY22): The company manufactures bulk explosives, packaged explosives, and initiating systems, finding applications in the mining, infrastructure, construction, Defence, and Space sectors.

Order Book

As of  Q3FY25 solar Industries Company Limited has maintained an order book of Rs. 7,122 crore, which includes orders from defence and CIL (Coal India Limited) & SCCL (Singareni Collieries Company Limited), and many more.

Financials 

The company’s revenue rose by 37.6 percent from Rs. 1,440.05 crore to Rs. 1,982.62 crore in Q3FY24-25. Meanwhile, the Net profit rose from Rs. 203.33 crore to Rs. 314.87 crore during the same period.

Written by Ashok Kumar

The share of this small-cap company, engaged in the iron and steel manufacturing business, jumped up to 8 percent, after the Board of directors declared capex plans of Rs. 1,015 Crores to expand operational capacities.

Price movement

With the market capitalization of Rs 11,205 crores, the share price of Gallantt Ispat Limited is up by 4 Percent compared to the previous close of Rs 449.05, and made a day’s high of Rs 486.30.

They have announced a capex of Rs 1,014  Crores for the below expansion and Captive Solar Power, which shall be funded by the Company through Internal Accruals without borrowing any debt, and it shall be completed by March 2026.

About the company 

Gallantt Ispat Ltd. is a company primarily focused on iron and steel manufacturing, including products like sponge iron, billets, and TMT bars. They also have ventures in food grains, selling wheat flour products like Atta, Maida, and Suji. Additionally, the company has a real estate project, Shalimar Gallantt, a group housing project in Lucknow.

This company reported a revenue of Rs 1,118 Crores in Q3 FY25 up by 5 percent, from it Q3 FY24 revenue of Rs 1,063 crores, It posted a net profit of Rs 114 crore in Q3 FY25, up by 119 percent, from its Q3FY24 net profit of Rs 52 crores.

Written by Ashok

Stock Performance

With a market capitalization of Rs 3,053.36 crore, the shares of Capacite Infraprojects Ltd closed at Rs 360.90 per share, indicating a 2 percent increase compared to its previous closing price.

Capacite Infraprojects Ltd, specialising in EPC offers comprehensive construction services for buildings and factories across various sectors. The company has delivered projects across different building segments including residential and commercial buildings for various purposes like hospitality, healthcare and education.

As of December 2024, the company’s order book stands at Rs 10,047 crores. The order inflow during FY25 alone stood at Rs  1,459 crore, about half of its market capitalization. Further, in FY25, the company added Signature global (India) Limited to its growing portfolio, as its client.

Around 63 percent of the company’s order book comes from public sector projects. Project-wise, a majority (83 percent) of the order book comes from highrise projects. Notably, 51 percent of the total value belongs to residential projects.

Marquee Client Base 

Capacite Infraprojects has renowned customers in both public and private sectors. In the public space, the clients include CIDCO, BSNL and Indian Oil among others. The company’s private sector clients comprise companies like Oberoi Realty, Godrej Properties, Brigade, Prestige and DLF.

Ace Investor Holding

Renowned Indian ace investor, Mukul Mahavir Agarwal holds a 6.09 percent stake or 51.5 lakh equity shares in Capacite Infraprojects Ltd as of Q3 FY25.

Financial Performance

When looking at the financial statements, the company reported a 23 percent increase in its revenue from Rs 481 crore to Rs 590 crore in Q3 FY24-25. This was accompanied by a sharp 73 percent growth in net profits from Rs 30 crore to Rs 52 crore during the same period.

Written by Ashok Kumar

However, with the positive newsflow of Trump’s tariff, the Stock market of the USA jumped, with the S&P 500 surging 9.50 percent and the Nasdaq composite jumping over 12 percent. The Stock of Delta Air Lines jumped over 23 percent to reach the Market cap of $28.59 billion, and Indigo fell to the 3rd place, reaching $23.28 Billion.

The top 5 Airlines based on Market Capitalization are U.S.-based Delta Air Lines, IreLand-based Ryanair, India-based InterGlobe Aviation, United Airlines Holdings, and Southwest Airlines.

About the Company 

Established in 2006 and headquartered in Gurgaon, Haryana. ​IndiGo, operated by InterGlobe Aviation Limited, is India’s largest passenger airline, renowned for its low-cost carrier model emphasizing affordable fares, punctual flights, and a courteous, hassle-free travel experience.

IndiGo operates over 2,200 Daily flights with 90+ Domestic destinations, 40+ International destinations with over 400+ planes in their fleet, and over 700 Million Happy Customers.

Financial Highlights

The company reported a 13.66 percent YoY Increase in revenue from Rs. 19,452 Crore in Q3FY24 to Rs. 22,111 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 30.29 percent in revenue from Rs. 16,970 Crore in the previous quarter.

Their Net profit saw a decrease of 18.54 percent YoY from Rs. 2,998 Crore to Rs. 2,442 Crore for the same period. On a QoQ basis, the company reported a loss of Rs.989 Crores in the previous quarter.

Written By Ashok Kumar

IT spending in India is projected to grow by 11.2 percent in 2025, reaching nearly $160 billion, with robust expansion expected in software and IT services. The sector stands to gain from increased investments in artificial intelligence (AI) and digital transformation initiatives.

Wipro Limited 

With a market capitalization of Rs 2.51 lakh crores, on Friday, the shares closed at Rs 239.8 per share, increased around 1.3 percent as compared to the previous closing price. The company will announce results on 16th April 2025.

With a market capitalization of Rs 5.85 lakh crore, on Friday, the shares closed at Rs 1,410.6 per share, increased around 0.5 percent as compared to the previous closing price. The company will announce results on 17th April 2025.

Tata Elxsi Limited 

With a market capitalization of Rs 29,591.2 crore, on Friday, the shares closed at Rs 4,751 per share, decreased around 0.1 percent as compared to the previous closing price. The company will announce results on 17th April 2025.

Mastek Limited 

With a market capitalization of Rs 6,837.7 crore, on Friday, the shares closed at Rs 2,210 per share, increased around 3.7 percent as compared to the previous closing price. The company will announce results on 18th April 2025.

HCL Technologies Limited 

With a market capitalization of Rs 3.78 lakh crore, on Friday, the shares closed at Rs 1,394.8 per share, increased around 1.04 percent as compared to the previous closing price. The company will announce results on 22nd April 2025.

LTIMindtree Limited 

With a market capitalization of Rs 1.25 lakh crore, on Friday, the shares closed at Rs 4,241.95 per share, increased around 3.2 percent as compared to the previous closing price. The company will announce results on 23rd April 2025.

Cyient Limited 

With a market capitalization of Rs 12,714 crore, on Friday, the shares closed at Rs 1,145 per share, decreased around 0.3 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

With a market capitalization of Rs 43,701.8 crore, on Friday, the shares closed at Rs 4,127.5 per share, increased around 1 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Mphasis Limited 

With a market capitalization of Rs 41,095.4 crore, on Friday, the shares closed at Rs 2,162.05 per share, increased around 2 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Persistent Systems Limited 

With a market capitalization of Rs 70,833.8 crore, on Friday, the shares closed at Rs 4,545 per share, increased around 3.2 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Tech Mahindra Limited 

With a market capitalization of Rs 1.25 lakh crore, on Friday, the shares closed at Rs 1,283.2 per share, increased around 1 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Firstsource Solutions Limited

With a market capitalization of Rs 22,387.3 crore, on Friday, the shares closed at Rs 321.2 per share, increased around 3 percent as compared to the previous closing price. The company will announce results on 28th April 2025.

KPIT Technologies Limited 

With a market capitalization of Rs 30,682.2 crore, on Friday, the shares closed at Rs 1,119.2 per share, increased around 4 percent as compared to the previous closing price. The company will announce results on 28th April 2025.

R.S. Software (India) Limited 

With a market capitalization of Rs 166.2 crore, on Friday, the shares closed at Rs 64.35 per share, decreased around 2 percent as compared to the previous closing price. The company will announce results on 30th April 2025.

Written by Ashok Kumar

Here are the stocks in which FII has the highest percentage of holding:

1. Home First Finance Company India Ltd

Home First Finance Company India Limited is an India-based housing finance company. The Company is primarily engaged in the business of lending housing loans, loans for the purpose of purchasing a commercial property, loans against property, and construction finance. With a market capitalization of Rs 9,187 crore, the shares were trading at Rs 1,020 per share, increasing around 3.21 percent as compared to the previous closing price.

Also read: 50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

2. Eternal

Zomato Limited operates as an Internet portal that helps in connecting users, restaurant partners, and delivery partners. The Company also provides a platform to restaurant partners to advertise themselves to the target audience in India and abroad, and supplies ingredients to restaurant partners. With a market capitalization of Rs 2.04 lakh crore, the shares were trading at Rs 212 per share, decreasing around 1.56 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 44.36 percent, followed by retail investors at 26.08 percent, domestic institutional investors at 23.47 percent, and promoters owning 0 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

3. APL Apollo Tubes Ltd

APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of the production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre-galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes, and hollow sections. With a market capitalization of Rs 40,358 crore, the shares were trading at Rs 1,454 per share, decreasing around 0.91 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 31.72 percent, followed by retail investors at 23.45 percent, domestic institutional investors at 16.51 percent, and promoters owning 28.31 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

Written by Ashok Kumar