Dhan Manage

Tag: #Share Market Today

  • Persistent Systems Shines in Q3 FY25 with Robust Growth and Strategic Innovations

    Persistent Systems Announces Stellar Q3 2025 Financial Results with Strong Revenue and Profit Growth

    Persistent Systems, a global leader in digital engineering and AI-driven innovation, has released its Q3 2025 financial results, showcasing remarkable growth in revenue, net profit, and operating margins. The company also highlighted its strategic achievements, client engagements, and industry recognitions, further cementing its position as a pioneer in the IT and digital transformation space.

    Key Financial Highlights for Q3 2025

    • Revenue Growth: Persistent Systems reported a 4.3% quarter-over-quarter (QoQ) increase in revenue, reaching $360.2 million. This represents a significant 19.9% year-over-year (YoY) growth, reflecting the company’s strong market traction and consistent performance.
      (Learn more about Persistent Systems’ revenue growth strategy here.)
    • Net Profit: The company’s net profit surged to ₹3,729.9 million, marking a 14.8% QoQ and 30.4% YoY increase. This growth underscores Persistent Systems’ operational efficiency and ability to deliver value to stakeholders.
      (Explore how Persistent Systems achieves profitability here.)
    • Operating Margin: The operating margin improved by 90 basis points to 14.9%, breaking a two-quarter stagnation trend. This improvement highlights the company’s focus on cost optimization and operational excellence.

    Strategic Achievements and Innovations

    Persistent Systems continues to lead the industry with its AI-driven innovations and strategic initiatives:

    • SASVA™ Platform: The company filed over 20 patents related to its AI-powered software development platform, SASVA™, reinforcing its commitment to innovation and cutting-edge technology.
      (Discover more about SASVA™ and its capabilities here.)
    • ContractAssIst Launch: Persistent introduced ContractAssIst, a groundbreaking tool leveraging Microsoft 365 Copilot to streamline contract management processes. This solution enhances efficiency and delivers significant value to clients.

    Client Engagements Across Key Industries

    Persistent Systems secured significant client wins across diverse sectors, further solidifying its reputation as a trusted partner for digital transformation:

    • Software and Hi-Tech: Modernized product development for a leading UK-based business software provider using the SASVA™ platform, enabling faster time-to-market and improved scalability.
    • Banking and Financial Services: Revamped enterprise gateway services for a global payment technology company, enhancing scalability and operational efficiency.
    • Healthcare and Life Sciences: Transformed patient care platforms for a major healthcare provider, improving patient experiences and reducing technology debt.

    (Read more about Persistent Systems’ client success stories here.)

    Industry Recognitions and Awards

    Persistent Systems’ dedication to excellence and sustainability has been recognized through prestigious awards:

    • ISG Star of Excellence™ Overall Award: Awarded for delivering superior customer experience, reflecting the company’s commitment to client satisfaction.
    • Dow Jones Sustainability World Index: Inclusion in this index highlights Persistent Systems’ focus on sustainable business practices and ESG initiatives.

    Dividend Declaration for FY 2024-2025

    Demonstrating confidence in its financial health and growth prospects, the Board of Directors declared an interim dividend of ₹20 per share for the financial year 2024-2025. This move underscores the company’s commitment to delivering value to its shareholders.

    Conclusion

    Persistent Systems’ Q3 2025 financial results highlight its robust performance, driven by AI-led innovations, platform-driven services, and a strong focus on client satisfaction. With significant growth in revenue, net profit, and operating margins, the company is well-positioned to maintain its leadership in the global IT and digital engineering landscape.

    (Visit Persistent Systems’ official website here for more details on their latest financial results and strategic initiatives.)

  • Global Headwinds and FII Outflows: Why Indian Markets Are Falling?

    January 17, 2025 I Dhan Manage

    India’s stock market, often hailed as a beacon of emerging market growth, has recently faced a sharp downturn, leaving investors worried and financial analysts dissecting the causes. With benchmarks such as the Sensex and Nifty 50 showing declines, questions loom over the market’s trajectory. While global headwinds play a significant role, domestic factors have also contributed to the turbulence.

    This article explores the key reasons behind the Indian market’s recent slump and provides insights into how these factors might shape its recovery.

    Key Reasons Behind the Indian Market Downfall

    1. Global Economic Headwinds

    The Indian market’s downturn is not isolated—it reflects global economic challenges. Several international factors, including:

    • Rising Interest Rates Globally: The U.S. Federal Reserve and other central banks continue to raise interest rates to curb inflation. This has reduced global liquidity and triggered foreign fund outflows from emerging markets like India.
    • Geopolitical Tensions: Ongoing geopolitical conflicts, such as the Russia-Ukraine war and tensions in the Middle East, have disrupted global trade, increased oil prices, and created market volatility.
    • Global Slowdown Fears: Weakening demand in key markets, including Europe and the U.S., has hurt India’s export-driven sectors like IT and manufacturing.

    2. Weak Corporate Earnings

    Indian corporations have faced muted earnings growth in recent quarters. Several factors contributing to this include:

    • Higher Input Costs: Rising raw material prices have squeezed profit margins, particularly in sectors like FMCG, automotive, and construction.
    • Slow Consumer Demand: Persistently high inflation has curbed consumer spending, impacting companies reliant on domestic consumption.
    • Sector-Specific Challenges: IT services and startups, for instance, have faced a slowdown in global demand and funding challenges, respectively.

    3. Foreign Institutional Investor (FII) Outflows

    Foreign institutional investors (FIIs), who significantly influence India’s stock markets, have been pulling out funds due to rising yields in developed markets. FIIs sold heavily in December 2024 and January 2025, leading to downward pressure on Indian equities.

    4. Macroeconomic Concerns

    India’s macroeconomic indicators have added to market woes.

    • Persistently High Inflation: Despite cooling off from 2024 peaks, inflation remains a concern, eroding purchasing power and affecting market sentiment.
    • Rupee Depreciation: The Indian Rupee has been under pressure against the U.S. Dollar, increasing import costs and further impacting sectors like oil and gas.
    • Fiscal Deficit Worries: The government’s higher spending on subsidies and welfare programs has raised concerns about fiscal discipline, adding to investor anxiety.

    5. Regulatory and Policy Uncertainty

    Frequent changes in government policies have also spooked investors. Recent taxation changes, including higher capital gains tax expectations and stricter compliance measures, have created uncertainty among domestic and foreign investors.

    How the Market Could Recover

    Despite the ongoing challenges, the Indian market has a strong foundation for long-term growth. Here’s what could drive recovery:

    • Resilient Domestic Economy: India’s GDP growth, while moderated, is expected to remain among the highest globally, driven by domestic consumption and infrastructure spending.
    • Policy Support: Government initiatives, including incentives for manufacturing and infrastructure projects, could boost investor sentiment.
    • Cooling Inflation: Easing inflation could help revive consumer demand and corporate earnings.
    • FII Re-Entry: Stabilization in global markets may encourage FIIs to return to Indian equities, particularly in sectors like banking, technology, and renewable energy.

    Conclusion

    The recent downturn in the Indian stock market underscores the complex interplay between global and domestic factors. While challenges such as global monetary tightening, FII outflows, and inflation persist, India’s long-term growth potential remains robust.

    For investors, this could be an opportunity to focus on quality stocks with strong fundamentals and a long-term outlook. As market cycles evolve, resilience and strategic policymaking will be critical in restoring confidence and setting the stage for a rebound in India’s equity markets.

  • Infosys Q3 FY25 Results: Robust Growth and Optimistic Outlook

    Key Financial Highlights

    • Net Profit: ₹6,806 crore (11% YoY increase)
    • Revenue: ₹41,764 crore (8% YoY increase)
    • Operating Margin: 21.3% (80 basis points increase)

    This performance showcases Infosys’ ability to navigate market challenges, deliver strong earnings, and expand its operational efficiency.

    Revenue Growth and Guidance

    • Infosys revised its full-year revenue growth guidance upwards to 4.5%-5% in constant currency terms.
    • This reflects sustained demand across key sectors, especially in digital services and AI.

    Client Acquisition and Deal Wins

    • 101 new clients were added during the quarter, reflecting strong demand for Infosys’ services across global markets.
    • Secured $2.5 billion in large deal bookings, underscoring healthy deal momentum.

    Client Growth: A breakdown of these new clients across regions and industries could be shown visually here.

    Sectoral Performance

    • Banking, Financial Services, and Insurance (BFSI): 6.1% growth YoY
      This key sector continues to be a strong performer for Infosys, driving consistent revenue growth.

    Emphasis on Artificial Intelligence

    • Infosys is expanding its AI and automation offerings to cater to growing demand for generative AI solutions in areas like cloud services and data analytics.
    • AI Adoption: A visual depiction of AI-powered solutions in various industries (Finance, Retail, Healthcare, etc.) could drive the point home.

    Market Reaction

    • Despite a strong quarter, Infosys’ stock dropped 6% in early trading, indicating market volatility.
      A news headline snippet with the stock price dip and market analysis can provide context.

    Conclusion

    • Strong Profit Growth: 11% YoY increase in net profit
    • Sustained Revenue Expansion: 8% YoY increase
    • AI and Digital Transformation: Strategic investments in future-ready technologies.

    This visual summary captures Infosys’ Q3 performance in a reader-friendly, concise manner.

  • “Hindenburg’s ‘Hit Job’ Must Be Accountable”: Mahesh Jethmalani Calls for Justice

    In a fiery statement to NDTV, senior lawyer Mahesh Jethmalani slammed Hindenburg Research and its chief, Nate Anderson, for their role in destabilizing the Indian market with what he termed as a “hit job.” His remarks come in the wake of Hindenburg’s announcement to wind up operations, sparking debates over accountability and the motivations behind their controversial actions.

    Hindenburg’s Exit: An Evasive Maneuver or Genuine Conclusion?

    Nate Anderson, the founder of Hindenburg Research, recently declared that the firm was shutting down due to the intense nature of its work. However, this decision has raised eyebrows, with critics like Jethmalani suggesting that it might be an attempt to evade potential investigations.

    “Their claim to fame rests solely on the Adani ‘hit job.’ Beyond that, there is no significant or credible body of work to their name. It’s clear that the disruption they caused to India’s economy was deliberate and targeted,” Jethmalani stated.

    Adani Group Fallout: The Cost of Speculation

    Hindenburg’s allegations against the Adani Group not only rattled investor confidence but also wiped out billions in market value, with small-time investors bearing the brunt. Jethmalani expressed outrage at the lack of accountability, stating, “Now Anderson says, ‘I’m off, I’m done.’ How does one ensure justice for the havoc they wreaked?”

    Accountability and the Role of SEBI

    The Securities and Exchange Board of India (SEBI) is investigating the matter. However, Jethmalani pointed out the challenges of prosecuting a US-based entity. He highlighted the potential influence of global players like George Soros, alleging that anti-India sentiment fueled Hindenburg’s actions.

    “George Soros, a known financier of anti-India campaigns, has been a significant supporter of the Democratic Party in the US. This ‘deep state’ alliance raises questions about the timing and nature of Hindenburg’s actions,” he remarked.

    Hopes for International Collaboration

    Jethmalani expressed optimism that the incoming Trump administration could initiate a probe into Hindenburg’s operations, aiding India in holding the firm accountable. “We should seek help from friendly governments to ensure that this man and his associates are brought to justice,” he added.

    Mukul Rohatgi: “Hindenburg’s Actions Were a Shoot-and-Scoot Strategy”

    Former Attorney General Mukul Rohatgi also weighed in, describing Hindenburg as a “dubious organization” focused on destabilizing markets for profit.

    “Hindenburg’s modus operandi is clear: they short sell, create market panic, and then disappear. Their decision to shut down is likely an attempt to avoid facing investigations in India or the US,” Rohatgi said.

    The Political Angle: Opposition and JPC Probe Demand

    The Hindenburg-Adani controversy has sparked political debates, with opposition parties demanding a Joint Parliamentary Committee (JPC) probe. However, India’s Supreme Court and investigative institutions have dismissed Hindenburg’s allegations as baseless.

    At the Adani Group’s annual general meeting in June 2025, Chairman Gautam Adani addressed the issue, saying, “We faced baseless accusations made by a foreign short seller. Despite the attack on our integrity and reputation, we stood resilient and proved our strength.”

    Conclusion: A Call for Accountability

    Hindenburg’s sudden exit has left many unanswered questions about its motives and operations. As calls for justice grow louder, Mahesh Jethmalani’s fiery remarks underline the need for stricter mechanisms to hold entities like Hindenburg accountable for their actions.

    This unfolding saga is a stark reminder of the need for robust regulatory frameworks and international cooperation to protect economies from malicious actors.

  • Reliance Industries Q3 FY2025: A Record-Breaking Performance Across All Fronts

    Reliance Industries Limited (RIL) has once again proven why it is India’s most valuable conglomerate. With a stellar third-quarter performance for FY2025, the company reported a net profit of ₹185.40 billion ($2.14 billion), up by 7.4% year-on-year. Let’s dive into the highlights of this remarkable quarter, backed by data and insights.

    1. Jio’s Telecom Revolution: Setting New Benchmarks

    Profit Surge: ₹64.77 billion (+24.4% YoY)
    Reliance Jio continues to dominate India’s telecom market, leveraging its 5G rollout and strategic tariff hikes. The 5G subscriber base has grown exponentially, making Jio the largest 5G provider in the country.

    2. Retail Segment: Riding the Festive Wave

    Revenue: ₹795.95 billion (+7% YoY)
    The festive season was a major growth driver, as Reliance Retail witnessed a surge in sales across categories like electronics, fashion, and groceries. The company also expanded its retail footprint, opening new stores in both urban and rural markets.

    3. Oils-to-Chemicals (O2C): The Backbone of Reliance

    Revenue: ₹1.5 trillion (+6% YoY)
    The O2C business, contributing nearly two-thirds of RIL’s revenue, benefited from higher refining margins and increased production. Despite global uncertainties, this segment showcased steady growth, thanks to its efficiency and innovation.

    4. Sustainability and Innovation: Green Energy Progress

    Reliance made strides in its green energy transition, focusing on renewable energy projects and reducing its carbon footprint. This aligns with the company’s long-term vision of becoming a global leader in sustainable energy.

    Visual Suggestion: A futuristic rendering or infographic showcasing Reliance’s renewable energy projects, including solar plants and green hydrogen initiatives.

    Market Reaction: Investor Confidence Soars

    RIL’s stock price surged following the results, reflecting strong investor confidence in the company’s diversified growth strategy and future plans.

    Mukesh Ambani’s Statement: Driving Towards Excellence

    “Reliance Industries continues to set benchmarks across industries. Our Q3 results demonstrate the power of innovation, customer-centricity, and operational excellence. We remain committed to leveraging technology and sustainability to build a future-ready enterprise.”

    Conclusion: A Bright Future Ahead

    Reliance Industries’ Q3 FY2025 results reaffirm its leadership in telecom, retail, and energy. With a keen focus on innovation and sustainability, the company is poised for greater heights in the years ahead.

  • SRF Share Price Skyrockets on January 9, 2025: Here’s What’s Fueling the Rally

    Why SRF share price sky rocket? SRF Limited, a prominent player in the chemicals and manufacturing sector, sent ripples through the stock market on January 9, 2025, as its share price surged by an impressive 13.96%, closing at ₹2,679.10. This dramatic uptick left investors and analysts buzzing, and the question on everyone’s mind was: what’s driving this meteoric rise?

    Global Supply Crunch Sparks Opportunity

    The rally was triggered by reports of a severe global supply crunch in refrigerant gases—specifically R32 and R125, which are crucial components for the HVAC (Heating, Ventilation, and Air Conditioning) industry. A major U.S.-based distributor highlighted significant constraints in the availability of these gases, leading to a sharp increase in their global prices.

    As one of the leading manufacturers of these refrigerants, SRF stands to benefit enormously from this development. The company’s ability to capitalize on the rising prices has positioned it as a key player amid this global demand-supply imbalance.

    Mixed Financials but Strong Market Sentiment

    Interestingly, SRF’s recent financial performance has been less than stellar. In Q2 FY25, the company reported an 8% year-on-year growth in consolidated revenue, reaching ₹3,424 crore. However, the profitability metrics told a different story—Earnings Before Interest and Tax (EBIT) fell by 22% to ₹417 crore, and Profit After Tax (PAT) dropped by a steep 33% to ₹201 crore.

    Despite these challenges, the market’s response to the refrigerant gas price surge underscores investor confidence in SRF’s long-term growth potential. The company’s diversified portfolio, spanning Fluorochemicals, Specialty Chemicals, and Technical Textiles, further bolsters its resilience.

    What Makes SRF a Standout Player?

    Established in 1970, SRF Limited has grown into a chemical giant with a turnover of ₹12,910 crore (approximately $1.6 billion). The company’s deep expertise in fluorochemicals gives it a competitive edge, especially in times of supply constraints like these.

    SRF’s position in the market is strengthened by its commitment to innovation and sustainability. By staying ahead of global trends, the company has built a reputation as a reliable supplier, not just in India but across international markets.

    What’s Next for SRF?

    While the current rally is undeniably exciting, the company faces a balancing act. On one hand, it must seize the opportunity presented by the refrigerant gas shortage to maximize short-term gains. On the other hand, addressing the decline in EBIT and PAT will be critical to sustaining long-term investor confidence.

    Analysts suggest that SRF’s ability to navigate these dual challenges will determine whether this price surge is a flash in the pan or the start of a sustained upward trajectory.

    Investor Takeaway

    For those tracking SRF, the stock’s recent performance is a reminder of the volatile yet rewarding nature of the chemicals sector. The combination of global trends, strategic positioning, and investor optimism has created a perfect storm for SRF’s share price.

    While challenges remain, the company’s proven track record and strong fundamentals make it a stock worth watching. As SRF continues to ride the wave of rising refrigerant gas prices, it could very well cement its place as a leader in the global chemicals market.

    The journey ahead promises to be as dynamic as the markets themselves—stay tuned!

    Disclaimer : This article only for information purpose and not for buy or sell recommendation from Dhan Manage. Kindly take advise with your financial advisory for any investment decision.

     

  • TCS Q3 FY25 Results: Mixed Performance Amid Global Challenges

    Tata Consultancy Services (TCS), one of India’s premier IT services firms, announced its financial results for the third quarter of fiscal year 2025. While the company showcased resilience with solid profit growth and an impressive order book, its overall performance was impacted by a slowdown in key markets. Here’s a detailed analysis of the results and what lies ahead for the IT giant.

    Key Highlights of the Financial Results

    Revenue Growth: TCS reported consolidated revenue of ₹63,973 crore (approximately $7.45 billion), marking a 5.6% year-on-year growth. However, this was marginally below market expectations of ₹64,452 crore, reflecting challenges in certain regions.

    Net Profit: The company achieved a robust 12% increase in net profit, reaching ₹12,380 crore, in line with analyst projections. This growth underscores TCS’s strong focus on operational efficiency despite market headwinds.

    Operating Margins: The operating margin improved to 24.5%, a 40-basis-point increase from the previous quarter. This boost was largely attributed to favorable currency fluctuations and ongoing cost optimization efforts.

    Challenges in North America and Global Performance

    The North American market, which contributes a significant portion of TCS’s revenue, remained a weak spot. This marks the fifth consecutive quarter of subdued performance in the region. Despite this, TCS’s ability to secure a strong deal pipeline worth $10.2 billion highlights its strategic focus on diversified markets and services.

    TCS’s leadership remains optimistic about recovery trends, especially with signs of stabilization in the BFSI (banking, financial services, and insurance) sector and early recovery in discretionary spending within other verticals.

    Rewarding Shareholders

    Demonstrating its commitment to shareholders, TCS declared an interim dividend of ₹10 per share. This move reflects the company’s consistent effort to deliver value and maintain investor confidence, even during challenging times.

    CEO’s Vision and Strategic Outlook

    K Krithivasan, CEO and Managing Director of TCS, expressed confidence in the company’s ability to navigate the current global challenges. He emphasized the balanced distribution of deal wins across sectors, services, and regions, which positions TCS for sustainable growth.

    The company continues to invest heavily in emerging technologies like artificial intelligence and machine learning, while also focusing on employee upskilling. These investments are expected to drive innovation and ensure that TCS remains competitive in a rapidly evolving digital landscape.

    Future Growth Drivers

    TCS’s diversified portfolio and strategic approach to securing new deals indicate a promising trajectory. Key focus areas include:

    Enhancing digital transformation services.

    Expanding strategic partnerships across industries.

    Strengthening capabilities in AI, cloud computing, and automation.

    Conclusion

    TCS’s Q3 FY25 results highlight a mix of resilience and challenges. While certain markets, particularly North America, continue to drag overall growth, the company’s robust order book and strategic investments signal brighter prospects ahead.

    As global IT spending shows signs of recovery, TCS’s commitment to innovation and excellence positions it well for sustained success in the future. The company’s focus on delivering value for both clients and shareholders ensures it remains a leader in the competitive IT services sector.

    This strategic outlook leaves investors and stakeholders optimistic about TCS’s ability to adapt and thrive, ensuring its position as a global IT powerhouse.

  • ITI Share Price Skyrockets Over 12%, Hits Record High: What’s Driving the Surge?

    ITI Ltd’s stock stole the spotlight on January 3, 2025, with a stunning 12% jump, propelling its share price to an all-time high of ₹432.45. By 12:53 PM, the stock was trading at ₹427.55 on the Bombay Stock Exchange (BSE), marking a dramatic rise of 12.20% in a single session.

    Key Highlights

    • Record-Breaking Performance: ITI shares soar over 12%, hitting ₹432.45, their highest ever.
    • Bullish Breakout: The stock broke past a critical resistance zone, signaling potential for further gains.
    • Exceptional Returns: ITI has delivered a 37% return over the past year and surged 49% in just one month.

    Why ITI Stock Is Making Headlines

    Earlier, analysts had urged caution, advising investors to book profits as ITI shares approached a key resistance zone. But the stock has defied expectations, smashing through the resistance and continuing its upward trajectory.

    This surge caps off a remarkable month for ITI, with a 30% gain in just five trading sessions and a whopping 49% jump over the past month, outpacing broader market indices.

    Strong Technical Setup

    From a technical standpoint, ITI is showing incredible strength. The stock is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple moving averages (SMAs)—a clear bullish signal.

    Additionally, its 14-day Relative Strength Index (RSI) stands at 66.27, inching closer to the overbought territory. This suggests strong momentum but warrants caution for investors looking to enter at current levels.

    Fundamentals: A Mixed Picture

    While ITI’s technical indicators are bullish, the company’s fundamentals tell a more nuanced story.

    • Valuation Concerns: The stock has a negative Price-to-Earnings (P/E) ratio of 74 and a high Price-to-Book (P/B) value exceeding 24, signaling rich valuations.
    • Profitability Challenges: Earnings Per Share (EPS) stand at a negative (-)5.22, with a Return on Equity (RoE) of (-)31.60%, reflecting ongoing struggles in profitability.

    About ITI Ltd

    ITI Ltd is a central public sector undertaking operating under the Ministry of Communication, with the Indian government owning a 90% stake in the company. Despite its profitability challenges, the stock’s recent surge highlights investor confidence in its growth potential.

    Disclaimer: The opinions, views, in this article are those of experts of Dhan Manage. Readers are advised to consult a qualified financial advisor before making any investment decisions.

  • Indo Farm Equipment IPO Draws Massive Response with 227x Subscription, Among the Highest in the Past Year

    The initial public offering (IPO) of Indo Farm Equipment Ltd has made waves, achieving a staggering 227.57 times subscription on the final day of bidding on Thursday. This makes it one of the most heavily subscribed IPOs in the last 12 months, comparable to the Vibhor Steel Tubes IPO in February 2024 (320 times subscription) and Manba Finance in September 2024 (224 times subscription).

    Record-Breaking Numbers Across Investor Categories
    The Indo Farm Equipment IPO received bids for an astounding 192 crore shares against the 84.70 lakh shares on offer, as per NSE data. Breaking it down further:

    • Non-Institutional Investors (NIIs): A jaw-dropping 501.65 times subscription.
    • Qualified Institutional Buyers (QIBs): A robust 242.40 times subscription.
    • Retail Individual Investors (RIIs): 101.64 times subscription.

    This overwhelming response was further bolstered by an anchor investor allotment, which raised over ₹78 crore before the bidding opened to the public.

    Grey Market Premium (GMP) Signals Positive Listing Gains
    Market observers tracking grey market premium (GMP) trends reveal that Indo Farm Equipment shares are commanding a GMP of ₹86, indicating a potential 40% gain upon listing. With a price band of ₹204-₹215 per share, the IPO size has been pegged at ₹260 crore at the upper price band, positioning the company’s market valuation at over ₹1,000 crore.

    IPO Details and Key Dates
    The IPO comprises a fresh issue of 86 lakh equity shares and an Offer-for-Sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia. The allotment of shares is expected to take place on January 3, 2025, while the listing on the exchanges is scheduled for January 7, 2025.

    A Strong Performance Among Recent IPOs
    The Indo Farm Equipment IPO stands out for its extraordinary investor interest, particularly among NIIs and QIBs. It joins the ranks of other highly successful IPOs this year, further underscoring investor confidence in the company’s growth prospects and robust fundamentals.

    Disclaimer: The views and investment tips expressed by experts on Dhan Manage are their own and not those of the platform or its management. Dhan Manage advises users to consult certified financial experts before making investment decisions.

  • Avenue Supermarts (D Mart) Shares Soar 15% After Q3 Revenue Jumps 17.5% YoY

    Highlighting a Stellar Quarter
    Avenue Supermarts, the owner and operator of the popular DMart supermarket chain, delivered a stellar performance in Q3 FY25, sending its stock price soaring by 15% to ₹4,152.75 on the NSE this Friday, January 3. The catalyst? A robust 17.49% year-on-year (YoY) jump in standalone revenue, reaching an impressive ₹15,565.23 crore for the quarter ending December 31, 2024.

    Expansion Drives Growth
    The company continues its aggressive expansion, adding 10 new stores during the quarter, bringing its total store count to 387 as of December 31. DMart’s growth story extends across key regions, with stores spread throughout Maharashtra, Gujarat, Andhra Pradesh, Tamil Nadu, and other major states.

    Comparing the Numbers
    For perspective, the company’s standalone revenue in the same quarter last year was ₹11,304.58 crore—showcasing its ability to consistently grow its top line.

    Q2 Snapshot and Year-to-Date Trends
    Avenue Supermarts had already shown promising momentum earlier in FY25. In Q2, the company reported a 5.78% increase in consolidated net profit, reaching ₹659.44 crore. Revenue for the quarter grew 14.41% YoY to ₹14,444.50 crore, while expenses rose 14.94% to ₹13,574.83 crore. Six new stores were added in Q2, bringing the total to 377 by September 30, 2024.

    Neville Noronha, CEO & Managing Director of Avenue Supermarts, noted that the like-for-like revenue growth for stores older than two years stood at 7.4% for the first half of FY25, with Q2 growth at 5.5%.

    Investor Sentiment Revived
    The strong Q3 performance comes as a breath of fresh air for investors, as Avenue Supermarts’ shares had slipped 8% over the past 12 months. With the latest results, the stock has regained momentum, reinforcing confidence in its long-term growth trajectory.

    A Trusted Retailer on the Rise
    Promoted by billionaire Radhakishan Damani and his family, DMart continues to be a trusted name for essential home and personal products, catering to millions across India. With consistent revenue growth, ongoing store expansions, and a proven business model, Avenue Supermarts is poised for even greater success in the coming quarters.