All eyes are on Mazagon Dock Shipbuilders today, with the company’s shares poised for action ahead of its 1:2 stock split. December 27 is set as both the record and ex-date, making today the final chance for investors to purchase shares and qualify for the benefit. Each existing share with a face value of ₹10 will be split into two shares worth ₹5 each. The move aims to increase liquidity and make the stock more accessible to a broader base of investors. In its exchange filing, the company reiterated compliance with SEBI regulations and confirmed the split, emphasizing the Friday record date. Thanks to the T+1 settlement system, the timelines are tight. Investors who purchase shares today will have them settled by tomorrow, ensuring eligibility. However, buying on the ex-date means missing out, as the settlement won’t be completed in time. Mazagon Dock has been a market standout, delivering a stellar 120% return over the past year and 104.35% on a year-to-date basis. These numbers underline the stock’s strong momentum, and the split could serve as a catalyst for further interest, particularly from retail investors.
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Sagility India Shares Surge 5%
Sagility India shares climbed another 5% on Thursday, hitting a new peak at ₹51.35. This rally marks the stock’s eighth consecutive day of gains, pushing its monthly growth to an impressive 61%, even as the Sensex has dipped by nearly 2% during the same period. Sagility is well-positioned to capitalize on long-term trends, such as the growing trend of outsourcing healthcare services in the U.S. As providers seek cost reductions and efficiency gains, Sagility’s expertise in areas such as data analytics and mining has made it a critical partner. JPMorgan highlighted the firm’s deep domain knowledge, robust client relationships, and structural EBIT margins, which provide scalability and profitability. Adding to the optimism, Jefferies also initiated coverage on Sagility last week, issuing a “buy” rating with a target price of ₹52. Jefferies pointed to the company’s potential for sustained double-digit revenue growth, bolstered by its niche expertise and ability to capture high-margin opportunities.
Identical Brains Studios’ Stellar Debut
Identical Brains Studios, a rising star in the visual effects (VFX) world, made a remarkable entrance on the NSE SME platform this Thursday. The stock opened at Rs 95, a striking 76% premium over its IPO issue price of Rs 54—proof that investors are clearly excited about the company’s potential. According to the Red Herring Prospectus (RHP), Identical Brains has outlined clear plans for its IPO funds. It will use Rs 51.78 lakh for office and studio renovations in Andheri, Rs 2.86 crore to fund a Colour Grading Digital Intermediate (DI) and Sound Studio, and Rs 75.56 lakh for a new office in Lucknow. Additionally, Rs 3.43 crore will go towards upgrading computer systems, storage, and software, while Rs 7.04 crore will cover working capital needs. Identical Brains’ earnings paint a picture of a company navigating some growth challenges. In comparison, its FY 2024 performance saw revenues of Rs 20.08 crore and a higher profit of Rs 5.34 crore. While the figures show some volatility, the overall market sentiment and the studio’s rich content pipeline suggest there’s still plenty of growth potential.
Ola Electric’s Stock Surges
Ola Electric’s shares charged up by 5% in morning trading on December 26 after the company unveiled a game-changing expansion to 4,000 stores nationwide. With 3,200 new locations opening alongside service centers, this fourfold growth cements Ola as India’s frontrunner in electric vehicle (EV) retail. Ola didn’t stop there. The company also opened beta registrations for its MoveOS 5, a software upgrade packed with features like group navigation, live location sharing, and a road trip mode powered by Ola Maps. On the product side, the recent launch of the Gig and S1 Z scooter range, starting at just ₹39,999, signals Ola’s intent to dominate across urban, semi-urban, and rural markets. With removable batteries and versatile designs, these scooters aim to meet both personal and commercial needs. Reservations are already open at ₹499, with deliveries slated for April and May 2025. For investors, this aggressive expansion and product diversification make Ola Electric a stock to watch in India’s fast-evolving EV landscape.
India’s Renewable Energy Revolution—What’s Next?
India’s renewable energy story hit a major milestone in 2024, with total RE capacity soaring to 205.5 GW by November. That’s a huge leap toward the 500 GW non-fossil fuel target. A mix of solar and wind power growth, storage solutions, and domestic production ramp-ups. But as demand surges, grid integration has become a big headache, with variable energy making grid management a complex game of balancing acts. Solar continues to shine as the superstar, hitting 94.17 GW this year, while rooftop solar efficiency jumped from 15% to over 23%. Advanced storage tech dropped costs to $100/kWh, making 24/7 renewable power a reality. Yet, despite these strides, electricity distribution companies (DISCOMs) remain a financial sore spot. Debt is stacking up, reaching ₹7.14 lakh crore by FY23, and likely climbing higher this year. Investment is following suit, with renewable energy project finance surging by 63% to $3.66 billion in 2024, and solar alone grabbing nearly half the action. Battery Energy Storage Systems (BESS) are expected to boom in 2025, with prices dropping 65% from 2022 levels. With private and public players stepping up, the sector is gearing for another record-breaking year.
Sumitomo Mitsui Makes Record ₹3,000 Crore Bet on India Growth
Japan’s Sumitomo Mitsui Financial Group (SMFG) has doubled down on its Indian ambitions, injecting ₹3,000 crore into SMFG India Credit Co Ltd (SMICC) via a rights issue. This latest boost also earmarks ₹300 crore for SMICC’s home finance arm, SMFG Grihashakti, as part of its push to expand operations. This isn’t SMFG’s first show of confidence this year—back in April, it had already infused ₹1,300 crore into SMICC. With this fresh round, 2024’s total capital infusion now stands at a record-breaking ₹4,300 crore, making it SMICC’s highest-ever annual fund raise since its inception. The timing aligns with SMICC’s strong momentum, as its Assets Under Management (AUM) hit ₹49,800 crore as of September 2024, marking a solid 25.1% year-on-year growth. The added funds are expected to bolster the company’s Capital Adequacy Ratio (CAR), further reinforcing its financial resilience. For SMFG, this move is more than just a balance-sheet play—it’s a commitment to deepening financial inclusion in India and riding the wave of the nation’s growing credit appetite. With its focus firmly set on growth, SMICC is shaping up as a key player in India’s financial services landscape.
Indian Stock Market on 24.12.24
Indian markets closed a bit lower today, after a relief rally helped break a five-day losing streak in the previous session.
Holiday Breaks and Market Movements
It’s time to mark your calendars—stock markets will be closed this Wednesday, December 25, in observance of Christmas. That means no action in the equity, derivatives, or SLB segments, and the multi-commodity exchange will also take a breather for both morning and evening sessions. So, if you were thinking of squeezing in some last-minute trades, you’ll have to wait until Thursday. Looking ahead, the market holiday schedule for 2025 looks a little different. There will be 14 trading holidays, down from 16 in 2024. Some months will have one holiday each (February, May, November, and December), while March and August will feature two. Expect three trading holidays in April and October. The first holiday of the new year will fall on February 26 for Mahashivratri, so plan accordingly. Interestingly, some holidays coincide with weekends in 2025—Republic Day (January 26), Shri Ram Navami (April 6), and Muharram (July 6) all fall on Sundays, while Bakri Id will be on Saturday, June 7. These weekend holidays may affect trading patterns, so keep an eye on how they might impact market activity.
TVS Motor Makes Its Move
TVS Motor Company is stepping into the spotlight after announcing that it has completed a major acquisition, bringing its stake in DriveX Mobility to a commanding 87.38%. The details of the transaction are still a bit murky—TVS revealed it acquired 39.11% of DriveX, or 7,914 equity shares, from existing shareholders. Regardless, this marks a significant consolidation of power in DriveX, a digital-first auto-tech company that’s been carving out a niche in the booming pre-owned two-wheeler market across India. This deal isn’t TVS’s first brush with DriveX—back in August 2022, the company picked up a 48.27% stake in DriveX’s parent, Nkars Mobility Millennial Solutions. Now, with this latest move, TVS is clearly doubling down on its commitment to the pre-owned two-wheeler space. As for TVS Motor’s stock, it’s had a decent run, up 21.35% in the past year and 18.3% year-to-date. But over the last few months, there’s been a bit of a slowdown—down 16% in the last three months and a slight dip of 1% in the past month. TVS closed flat at Rs 2,388.15 in the previous session, but this fresh development with DriveX could reignite some investor enthusiasm.
Angel One’s Rollercoaster Ride
Angel One has certainly had a bumpy ride recently, with its stock price plummeting by an 8% dive this past week. After a high of Rs 3,500, the stock now finds itself hovering around Rs 2,900—well off its peak but not without some potential hope for a bounce-back. The key takeaway here is that the stock is hovering near some important support levels. On the daily chart, it’s holding up above the lower end of its rising channel, with the previous swing low of around Rs 2,600 still intact. This suggests that, while the recent pullback has been sharp, there’s still a technical case for a rebound. Angel One’s technical picture shows a stock that could consolidate in the near term before finding its way back up. The critical Rs 2,700-2,800 zone will be the one to watch for clues about the next direction, with the potential for an upward move if it holds. The stock may have fallen over the past year, but in the last six months, it’s gained a solid 12.3%, and the short-term volatility could be the foundation for a possible recovery.