With a market capitalisation of Rs. 53.2 crores, the shares of Cranex Limited closed in the green at Rs. 81 on BSE, up by nearly 3 percent, as against its previous closing price of Rs. 78.86. The stock has delivered negative returns of around 11 percent in one year, and fell by over 9 percent in the last one month.

What’s the News

According to the latest regulatory filings on the BSE, Cranex Limited has received six purchase orders worth a total of nearly Rs. 20.2 crores for the manufacturing and supply of various products.

• First order worth Rs. 2.15 crores from South Eastern Railway, Kharagpur, West Bengal, for Goliath Crane Cap-15 Ton, to be delivered by 24th February 2026.
• Second purchase order is worth Rs. 99.8 lakhs from BHEL Jhansi for 150T Lifting Platform, to be delivered by 2nd September 2025.
• Third order, valued at Rs. 2.82 crores, from Patiala Locomotive Works for two 65T EOT Cranes, to be delivered by 27th March 2026.
• Fourth purchase order worth Rs. 27.14 lakhs is from the North Western Railway, Ajmer, for two Automatic Turn Tables for Wheels, to be executed by 1st July 2025.
• Fifth order worth Rs. 43.25 lakhs from Southern Railway, Perambur, Tamil Nadu, for 10T EOT Crane, to be delivered by 13th July 2026.
• Finally, the sixth purchase order, valued at ~Rs. 13.5 crores, is received from Bharat Heavy Electrical Limited, Noida, for two 125/25T EOT Cranes and two 25T EOT Cranes. The order is to be delivered by 1st March 2026.

Financial Performance

Cranex reported a decline in its revenue from operations, showing a year-on-year fall of around 35 percent from Rs. 17 crores in Q3 FY24 to Rs. 11 crores in Q3 FY25. Similarly, its net profit decreased during the same period from Rs. 0.1 crores to Rs. 0.09 crores, representing a decline of around 10 percent YoY.

Incorporated in 1973, Cranex Limited is primarily engaged in the business of manufacturing and selling cranes and its parts. The company manufactures a range of cranes covering EOT, Goliath, HOT, JIB cranes, winches and electrical hoists. These find application in defence, nuclear and space installations, railways, power plants and other high-priority government projects.

Written by Ashok Kumar

India’s finance sector has shown robust growth, with Scheduled Commercial Banks’ gross non-performing assets dropping to a 12-year low of 2.6% in September 2024 and profit after tax rising 22.2% year-on-year. Aggregate bank deposits grew 11.1% by November 2024, while the fintech market is projected to reach $155.7 billion in 2025

With a market capitalization of Rs 1.01 lakh crore, the shares of REC Ltd closed at Rs 384.80 per share, decreased around 1.89 percent as compared to the previous closing price of Rs 392.20 apiece.

REC closed FY25 with an 11 percent year-on-year rise in assets under management, as per CLSA. Growth was limited by higher repayments, which stood at 26 percent of opening loans versus 20 percent in FY24. However, disbursals increased 18 percent over the previous year, supporting overall performance.According to the brokerage, REC has maintained a strong asset quality with no slippages over the past three years. The higher credit cost in FY25 was mainly due to increased standard asset provisions, which offset gains from write-backs linked to resolved projects.

The company’s net profit increased by 6 percent on a quarter-on-quarter basis, from Rs. 4,076 crore in Q3FY25 to Rs. 4,310 crore in Q4FY25. Further, net profit magnified significantly by 6 percent year on year from Rs 4,079 crore in Q4FY24 to Rs 4,310 crore in Q4FY25.

Written by Ashok Kumar

1. Oracle Financial Services

Oracle Financial Services Software Limited, an Indian company based in Mumbai and incorporated in 1989, offers information technology solutions and business processing services to the global financial services sector. It operates through two segments—Product Licenses and IT Consulting Services—and offers various banks’ software under the Oracle brand name, such as FLEXCUBE, digital banking, lending, treasury, payments, and trade finance solutions. The firm also offers data management, cloud infrastructure, compliance solutions, and advisory services. It is owned by Oracle Global (Mauritius) Limited.

Macrotech Developers Limited, previously called Lodha Developers, is a Mumbai-based real estate firm established in 1980. Through its subsidiaries, it develops residential, office, retail, warehousing, logistics, and light industrial properties in India. The company also undertakes leasing, facility and asset management, marketing, and support services. Its developments are done under the brands LODHA, LODHA LUXURY, and PALAVA.

The company clocked its highest-ever revenue of Rs 13,780 crores in FY25, up by 33.6 percent, from its FY24 revenue of Rs 10,316 crores. It also posted its highest-ever net profit of Rs 2,767 crores in FY25, which is an increase of 78 percent from its FY24 net profit of Rs 1,554 crores.

The company clocked its highest-ever revenue of Rs 1,17,055 crores in FY25, up by 6.5 percent, from its FY24 revenue of Rs 1,09,913 crores. It also posted its highest-ever net profit of Rs 17,399 crores in FY25, which is an increase of 10.75 percent from its FY24 net profit of Rs 15,710 crores.

Written by Ashok Kumar

Price Movements

With a market capitalisation of Rs. 65,203 crores, the shares of Coromandel International Limited hit an intraday high at Rs. 2,284 on BSE, up by nearly 2 percent, as against its previous closing price of Rs. 2,244.65. The stock has delivered positive returns of about 83 percent in one year, and gained by over 8 percent in the last one month.

According to the latest regulatory filings with the stock exchanges, Coromandel International Limited announced the financial results for Q4 FY25, through the latest filings with the stock exchanges on Wednesday during market hours.

For Q4 FY25, Coromandel International reported a consolidated revenue from operations of Rs. 4,988.4 crores, reflecting a decline of around 28 percent QoQ from Rs. 6,935.2 crores in Q3 FY25, but a year-on-year rise of around 27.5 percent from Rs. 3,912.7 crores in Q4 FY24.

On the segmental front, revenue from nutrient and other allied businesses was Rs 4,320.95 crore (up 28.21% YoY), and revenue from the crop protection segment was at Rs 564.41 crore (up 23.8% YoY) during the quarter.

On a segment-wise basis, revenue from the nutrient and allied business segment stood at Rs. 4,321 crores, reflecting a 28.2 percent YoY growth, while the crop protection segment generated revenue of Rs. 564.4 crore, marking a 24 percent increase compared to the same quarter last year.

Equity Infusion Update

The company’s Board has approved an equity infusion of up to Rs. 65 crores into its wholly owned subsidiary, Coromandel Chemicals Limited. The funds will be utilised to explore joint venture opportunities in gypsum-based building material products, aligning with the company’s diversification strategy and long-term growth objectives.

Dividend Announcement

The Board of Coromandel International has also declared a final dividend of Rs. 6 per equity share, along with a special dividend of Rs. 3 per equity share, on shares having a face value of Re. 1 each. The record date for determining dividend eligibility is 17th July 2025, and the dividend will be paid on/before 23rd August 2025.

About the company

Coromandel International Limited is engaged in the business of manufacturing and trading of farm inputs comprising fertiliser, crop protection, speciality nutrients and organic compost. The company operates in two major segments: Nutrient and other allied businesses, and Crop Protection. It has 18 manufacturing facilities located across India.

Written by Ashok Kumar

During Thursday’s trading session, the shares of a company engaged in the manufacturing of secondary steel products are in focus on the stock exchanges, after a prominent investor Ashok Kumar Damani bought stake in the company via a bulk deal on the NSE.

Price Movements

With a market cap of Rs. 420 crores, the shares of Manaksia Steels Limited hit an intraday high at Rs. 68.96 on BSE, up by nearly 1 percent, as compared to its previous closing price of Rs. 68.25.

What’s the News

As per the latest bulk deal available with the NSE, a prominent investor Ashok Kumar Damani bought 5.25 lakh equity shares in Manaksia Steels Limited through an open market transaction, representing a 0.8 percent stake. The deal was valued at approximately Rs. 3.74 crores, executed at an average price of Rs. 71.3 per share.

Manaksia Steels reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 20 percent, rising from Rs. 133.6 crores in Q3 FY24 to Rs. 160.5 crores in Q3 FY25.

However, during the same period, the company’s net profit declined from Rs. 4.8 crores to Rs. 2.3 crores, representing a fall of around 52 percent YoY.

EBITDA for Q3 FY25 decreased by 6.5 percent YoY to Rs. 5.8 crores, down from Rs. 6.2 crores in Q3 FY24, while the EBITDA margins also reduced from 4.65 percent to 3.62 percent, over the same timeframe.

Key Financial Ratios

In terms of key financial metrics, Manaksia Steels currently has a Return on Equity (RoE) of 8.62 percent and a return on capital employed (RoCE) of 10.2 percent. Additionally, the company’s debt-to-equity ratio stands at 0.44.

About the company

Manaksia Steels Limited is primarily engaged in the business of manufacturing value-added secondary steel products like cold rolled sheets, galvanised corrugated sheets, galvanised plain sheets, colour coated (pre-painted) sheets, and related products. The manufacturing units of the company are located at Haldia & Bankura (West Bengal).

Written by Ashok Kumar

Gold futures Price on MCX has reached a high of 95,8001w, rallying over 6 percent in the past week and over 10 percent in the last 3 months, and Gold prices in the US have reached $3,341 / OZ.

Several reasons can be attributed to the Gold rally, as it has outperformed the major assets around the world. For the recent rally of gold, one of the primary reasons can be attributed to the recent trump tariff announcement. These announcements can lead to political instability and economic uncertainty with potential disruptions to global trade.

Also read: Order book 330% higher than its market cap

FACTORS THAT INFLUENCE GOLD PRICES

There are several factors that can influence gold prices, and some of the common factors are Economic factors like Inflation, Interest rates, US dollar strength, and Economic Growth and Stability. On a Geopolitical Basis, factors like Political instability and Trade wars affect gold prices. Other Factors that affect gold prices are Market sentiment, Government policies & regulation, and supply and Demand.

GOLD PERFORMACNE

Gold has outperformed Sensex in a 3-year,  10-year, and 15-year time frame. On a 15-year basis, gold has given a CAGR return of 11.50 percent compared to 10.30 percent for Sensex. On a 5-year basis, Gold has given a return of 14.40 percent compared to a 14.60 percent return of Sensex. On a 3-year time frame, gold outperformed Sensex with a 16.80 percent return and Sensex with 11.60 percent

GOLD TARGET

Generally, the target for gold is actively given by foreign brokerages and  JP Morgan has given a forecast of $3,000/oz, HSBC has given a forecast of $3,015/oz, and Deutche Bank has given a forecast of $3,139 – 3700/ oz, and the target given by UBS is for $3200/oz. All these targets are for US gold Futures.

Written By Ashok Kumar

Stock Price Movement:

With a market capitalization of Rs. 10,611.73 crores, the share of Rites Limited has reached an intraday high of Rs. 224.70 per equity share, rising nearly around 4.22 percent from its previous day’s close price of Rs. 215.60. Since then, the stock has retreated and is currently trading at Rs. 220.80 per equity share.

RITES Limited has signed a Memorandum of Understanding (MoU) with DP World to explore opportunities in developing trade, logistics, and infrastructure projects. The MoU focuses on areas like ports, logistics parks, free trade zones, and rail connectivity.

Recent Order:

On 29th March 2025, RITES Limited received a Letter of Award from Numaligarh Refinery Limited for the development of railway sidings at NRL Panchgram Terminal, Rangapani, and Duliajan. The turnkey project, valued at Rs. 155.50 crore (excluding GST), is to be completed within 24 months from site handover.

Order Book:

As of December 31, 2024, RITES Limited has an order book worth Rs. 7,978 crore. The largest portion comes from the turnkey segment, making up 44.8 percent, followed by consulting at 34.8 percent. Exports account for 16.5 percent, while the REMC Limited and Lease segments contribute 1.5 percent and 2.4 percent, respectively.

Recent Quarterly Results:

RITES Limited saw a decrease in revenue, which fell by 16.11 percent from Rs. 683 crore in Q3 FY24 to Rs. 576 crore in Q3 FY25. Likewise, the company’s net profit dropped by 15.50 percent, from Rs. 129 crore in Q3 FY24 to Rs. 109 crore in Q3 FY25.

Written By – Ashok Kumar