Published on: June 16, 2025
Maruti Suzuki India Ltd on Monday announced a strategic partnership with ESAF Small Finance Bank to enhance retail financing solutions for new cars, used cars, and commercial vehicles. The two organizations signed a Memorandum of Understanding (MoU) to offer tailored, flexible loan options, especially for first-time vehicle buyers.
The collaboration is set to leverage the extensive networks of both Maruti Suzuki and ESAF Small Finance Bank, with a strong focus on Tier II and Tier III cities, aiming to make vehicle ownership more accessible and affordable in semi-urban and rural regions.
Partho Banerjee, Senior Executive Officer (Marketing & Sales), Maruti Suzuki India, stated that the initiative seeks to enhance financing choices and repayment flexibility, thereby supporting a broader customer segment.
ESAF Small Finance Bank’s MD & CEO, K Paul Thomas, emphasized the initiative as a step toward inclusive development, saying it would provide affordable and convenient mobility solutions to customers in under-penetrated regions of the country.
This partnership aligns with both companies' goals of expanding market reach, promoting financial inclusion, and accelerating mobility in underserved communities.
Published on: June 16, 2025
Tata Motors shares continued their downward trajectory, falling 1.41% to ₹677 on Tuesday, marking the fourth straight session of decline and a cumulative loss of 8%. The drop follows Jaguar Land Rover (JLR) lowering its FY26 EBIT margin guidance to 5–7% from 10% and revising free cash flow expectations to zero from 1.8 billion British pounds earlier.
Brokerages have responded by revising their ratings and target prices downward:
• Nuvama expects a 3% revenue CAGR over FY25–27, factoring in volume contraction at JLR and muted growth in the domestic commercial vehicle (CV) segment. The brokerage cited Jaguar ICE model discontinuation, China market share loss, and US tariffs as major concerns. Target price: ₹670.
• JM Financial downgraded the stock to HOLD, cutting JLR’s margin estimates for FY26 and FY27 to 5.5% and 6.2%, respectively. Target price: ₹705.
• Elara Securities reduced its target from ₹791 to ₹734, citing 2% revenue CAGR at JLR through FY28 and trimming valuation multiples versus peers like BMW, Audi, and Porsche.
• Motilal Oswal maintained a Neutral rating, with a SOTP-based target of ₹690, while Morgan Stanley held its Equal-weight rating with a ₹715 target.
• In contrast, Arihant Capital maintained a bullish stance, advising investors to accumulate on dips, setting a target of ₹1,070.
Analysts note that despite near-term headwinds, Tata Motors is actively working on improving operational efficiencies and long-term transformation through enterprise initiatives. However, sentiment remains cautious due to muted demand outlooks, competitive pressures, and regulatory overhangs impacting JLR and the India CV segment.
Published on: June 16, 2025
Godrej Properties Ltd (GPL) has announced the development of a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of ₹1,500 crore. The project will offer approximately 1.5 million square feet of saleable area.
In an exchange filing, GPL emphasized that the revenue projections are based on current business assumptions. The move reinforces the company’s strategic focus on East Bengaluru—an area gaining traction as a key residential and investment corridor due to its improving infrastructure, access to social amenities, and proximity to major employment hubs like Whitefield and the upcoming aerospace park.
Located about 5 km from National Highway 75, the project site offers strong connectivity to Budigere Cross, KR Puram, and Whitefield. The surrounding region is witnessing robust development, including arterial road upgrades and the emergence of industrial and logistics zones.
Commenting on the project, Gaurav Pandey, MD & CEO of Godrej Properties, said, “Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities.”
The project is expected to cater to growing homebuyer demand while enhancing the appeal of Hoskote as a vibrant, future-ready urban hub.
Published on: June 16, 2025
Godrej Properties Ltd announced on Monday, June 16, that it has acquired a 14-acre land parcel in Hoskote, East Bengaluru, to develop a premium residential project. In a regulatory filing, the company stated that the development will span approximately 1.5 million square feet of saleable area.
The project is strategically located in one of Bengaluru’s fast-developing residential hubs and carries an estimated revenue potential of ₹1,500 crore. The move reinforces Godrej Properties’ growth strategy in key real estate markets and its continued focus on expanding its presence in southern India, particularly Bengaluru.
Published on: June 16, 2025
Indian benchmark indices closed in the red on Friday, pressured by global headwinds stemming from geopolitical unrest in the Middle East and continued foreign outflows. The BSE Sensex fell 573.38 points to 81,118.60, while the NSE Nifty50 declined 169.60 points to 24,718.60. Ahead of Monday’s session on June 17, several corporate developments are expected to drive stock-specific action:
• Corporate Actions: Shares of Bajaj Finance will trade ex-split (1:1) and ex-bonus (4:1). Honeywell Automation India, LKP Securities, and Tata Technologies go ex-dividend today.
• Q4 Earnings: Belrise Industries, Adarsh Mercantile, Lords Chemicals, Ram Ratna Wires, and Vipul will announce March quarter results.
• ITC has completed its ₹400 crore acquisition of Sresta Natural Bioproducts, strengthening its position in the organic and natural food space.
• Sun Pharma received eight Form 483 observations from the USFDA after an inspection at its Halol unit. Additionally, its Board appointed Kirti Ganorkar as MD for five years, effective September 1, 2025.
• NTPC received approval from creditors for its joint resolution plan with Mahagenco for Sinnar Thermal Power under insolvency proceedings.
• Adani Ports may see pressure amid reports of potential damage to Haifa Port in Israel due to the ongoing Iran-Israel conflict.
• Vedanta’s board will meet on June 18 to consider a first interim dividend for FY26.
• Godrej Properties plans to develop a ₹1,500 crore premium residential project on a 14-acre plot in Bengaluru.
• Syngene International received a clean USFDA inspection at its Semicon Park site, with zero observations and a classification of no action indicated.
• RailTel has announced a final dividend of ₹0.85/share, adding to interim dividends already paid for FY25.
• SpiceJet reported its highest-ever quarterly profit of ₹319 crore in Q4FY25, a 12x jump over the previous quarter, posting its first full-year profit since FY18.
• South Indian Bank’s Chief Risk Officer Biju E. Punnachalil is set to retire on July 11.
• Natco Pharma received one procedural observation from the USFDA at its Hyderabad API facility.
• Ramkrishna Forgings disclosed inventory overstatements of ₹270.74 crore due to data entry lapses, confirmed by an internal investigation.
• Gujarat Themis Biosyn CEO Tapas Guha Thakurata has resigned citing health reasons; Sachin D. Patel has been re-designated as Managing Director from July 1.
Investors will closely track these stocks as the markets attempt to regain footing after a volatile week.
Published on: June 16, 2025
Domestic stock markets staged a strong comeback on Monday, with benchmark indices Sensex and Nifty50 rebounding sharply after two sessions of losses, despite global concerns over geopolitical tensions in the Middle East.
The Sensex jumped 677.6 points to close at 81,796.2, while the Nifty50 climbed 227.9 points to settle at 24,946.5. The Nifty Bank index also ended higher by 444.8 points, or 0.8%, at 55,972.1, driven by gains in top lenders like HDFC Bank and SBI.
Gains were broad-based, with financials, IT, energy, and metal stocks leading the charge. BEL, HDFC Life, SBI Life, UltraTech Cement, Tech Mahindra, ONGC, Apollo Hospitals, and HCL Tech rose between 1.6% and 2.5%, emerging as the top Nifty gainers. In contrast, Tata Motors, Dr Reddy's, and Sun Pharma were among the biggest losers, falling between 0.5% and 3.8%.
Major index drivers included HDFC Bank, ICICI Bank, Infosys, and Reliance Industries, contributing significantly to the day's rally.
Investor wealth saw a sharp jump, rising by ₹3.23 lakh crore, taking the market capitalisation of BSE-listed companies to ₹450.45 lakh crore, according to provisional data. This comes after a combined loss of ₹8.36 lakh crore over the past two sessions.
Broader markets also reflected strength, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.9% each. However, overall market breadth was neutral, with 1,978 stocks advancing and 2,106 declining on the BSE.
On the institutional front, Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹5,541 crore in the last three sessions, while Domestic Institutional Investors (DIIs) stepped in with net purchases of ₹14,020 crore. For June so far, FIIs have pulled out ₹4,812 crore, while DIIs have infused ₹44,151 crore.
Globally, sentiment was mildly positive. European markets opened higher, with France’s CAC up 0.7%, the UK’s FTSE 100 up 0.4%, and Germany’s DAX up 0.2%. Dow Jones futures hinted at a strong start for Wall Street, rising 135 points or 0.3%.
Published on: June 16, 2025
In the latest edition of ‘Heard On The Street’, NDTV Profit tracks active whispers and dealing room cues across top stocks being closely watched by institutional investors, HNIs, and mutual funds. The report highlights potential market-moving developments in counters like Zee Entertainment, GAIL, Piramal Pharma, InterGlobe Aviation (IndiGo), Indian Hotels, Mazagon Dock, and Biocon.
Zee Entertainment is in focus as the board meets today to deliberate on recommendations from investment bankers. Dealers suggest announcements around OTT stake sales and internal restructuring may follow. Accumulation by domestic institutional investors is reportedly underway.
GAIL is witnessing continued buying interest from institutional players on expectations of a new gas transmission policy, tariff hikes, and monetisation of its pipeline assets.
Piramal Pharma is on watch with unconfirmed chatter of a stake shuffle, though no specifics were provided.
IndiGo and Indian Hotels are abuzz with market speculation of impending block deals, potentially within the week.
Mazagon Dock saw notable buying by high-net-worth individuals following a dip in stock price during trade today.
Biocon may be preparing for a qualified institutional placement (QIP), as per dealer chatter, with the fundraising likely priced at a 5–8% discount to market levels. Strong demand is expected.
While the information remains unverified and based on dealing room discussions, these cues offer insight into the sentiment and positioning of key market participants.
Published on: June 16, 2025
HDFC Bank Ltd. is likely to experience pressure on its net interest margins (NIMs) in the first half of fiscal 2024-25, mainly due to the repricing of its external benchmark lending rate (EBLR) portfolio, according to a research note from Citi. The brokerage expects this pressure to ease in the second half as the bank activates internal levers to support margins.
Citi’s interactions with the bank’s management suggest a positive outlook for long-term performance, with HDFC Bank aiming to close the growth and return on equity (ROE) gap with peers by the end of FY26. The bank remains focused on driving growth through SME, business banking, retail, and unsecured lending, while reducing reliance on corporate loans.
To support credit growth, the bank plans to outpace system-level deposit growth by acquiring new customers and expanding branch operations. It also aims to boost its current account savings account (CASA) ratio and gradually bring its loan-to-deposit ratio back to pre-merger levels by FY27.
Operational efficiency is expected to continue improving, and the bank has strongly refuted recent allegations by LKMMT trustees, calling them “false, malicious, and defamatory.” Citi reaffirmed its ‘Buy’ rating on the stock, listing HDFC Bank as a top pick.
Published on: June 16, 2025
Tata Motors shares continued their losing streak for the fourth straight session, falling 1.41% to ₹677 on the BSE on Tuesday, as investor sentiment weakened following Jaguar Land Rover’s (JLR) downward revision of its financial guidance. The stock has declined 8% in the last four sessions.
JLR, Tata Motors’ UK-based luxury car subsidiary, cut its EBIT margin guidance for FY26 to 5–7%, down from 10% earlier, and reduced its free cash flow (FCF) projection to zero from £1.8 billion. The revision has triggered widespread caution among analysts and investors, citing muted global demand, potential tariff risks, and market-specific challenges, particularly in China and the U.S.
Brokerage Reactions:
• Motilal Oswal reiterated a Neutral rating with a target of ₹690, citing multiple headwinds.
• Elara Securities expects a 5% volume decline for FY26 and lowered its target price to ₹734 from ₹791, tagging a 'Reduce' rating.
• JM Financial downgraded the stock to HOLD, trimming JLR’s FY26–27 margin assumptions and setting a new target price of ₹705.
• Nuvama sees subdued growth in both JLR and Tata Motors’ India commercial vehicle segment, assigning a target of ₹670 due to weak demand and competition from railways.
• In contrast, Arihant Capital Markets remains bullish, suggesting investors add on declines with a long-term target of ₹1,070.
• Morgan Stanley maintained an ‘Equal-weight’ rating with a target of ₹715, acknowledging a stronger JLR position versus past cycles.
While Tata Motors has indicated ongoing efforts to boost efficiency and navigate macro challenges, market sentiment remains cautious in the short term due to the downgraded outlook from its key international arm.
Published on: June 13, 2025
Indian benchmark indices closed lower for the second consecutive session on Friday, capping off a volatile week with losses amid persistent geopolitical concerns and weak investor sentiment. The NSE Nifty 50 ended the day 169 points (0.68%) lower at 24,718.60, while the BSE Sensex slipped 573 points (0.70%) to close at 81,118.00.
During the session, markets saw sharper declines, with the Nifty hitting an intraday low of 24,473 and the Sensex touching 80,354.59, down over 1.6% before staging a mild recovery. Over the week, both indices posted more than 1% losses, reflecting broader investor caution.
Top Gainers:
• Bharat Electronics Ltd. (BEL): +1.76% at ₹394.20
• Oil and Natural Gas Corporation (ONGC): +1.46% at ₹251.51
• Tech Mahindra: +0.89% at ₹1,659.00
• Tata Consultancy Services (TCS) and Wipro also ended in the green.
Top Losers:
• Adani Ports: -2.75% at ₹1,405.00
• ITC Ltd.: -1.69% at ₹413.90
• State Bank of India (SBI): -1.57% at ₹792.35
• IndusInd Bank and Hindalco Industries also ended lower.
The session capped off a turbulent trading week, with geopolitical tensions, foreign fund outflows, and volatility in global commodity markets weighing heavily on investor sentiment. Analysts warn that continued uncertainty may keep markets under pressure heading into the next week.
Published on: June 13, 2025
Indian equity markets witnessed a partial recovery by midday on Friday, after opening sharply lower due to escalating geopolitical tensions in the Middle East, following Israel’s pre-emptive strikes on Iran. Despite the rebound, investor sentiment remained fragile, and benchmark indices stayed in negative territory.
As of 1:35 PM, the BSE Sensex was down 587.09 points (0.72%) at 81,104.88, while the NSE Nifty 50 slipped 176.50 points (0.71%) to 24,711.70. Both indices had opened significantly lower, tracking global markets hit by rising geopolitical risks.
Investors sought refuge in safe-haven assets, driving gold futures in India up 2% to a record ₹1,00,403 per 10 grams, breaching the ₹1 lakh mark for the first time. International gold prices hovered near $2,420/oz, while the Swiss franc also strengthened. Crude oil prices, which spiked over 10% earlier in Asia, moderated but remained high at $76–$78 per barrel.
Market breadth on the BSE was weak, with 2,554 stocks declining versus 1,273 advancing. Volatility remained high, with 163 stocks hitting upper circuits and 209 hitting lower circuits.
Sector and Stock Highlights:
• Aviation stocks were under pressure after a tragic Air India crash in Ahmedabad.
• BEL led Nifty gainers, rising 1.42%, followed by ONGC (+1.40%), Tech Mahindra (+1.33%), Wipro (+0.72%), and Apollo Hospitals (+0.45%).
• Major losers included Adani Ports (-2.13%), SBI (-1.69%), Adani Enterprises, Bajaj Finserv, and Shriram Finance, all down over 1.5%.
Sectoral Trends:
• Financials led losses:
o Nifty Bank down 1.08%
o Nifty Financial Services down 1.15%
• Nifty Next 50 declined 1.07%
• Nifty Midcap 100 showed relative strength, down only 0.57%
FII Flows & Policy Outlook:
Foreign institutional investors (FIIs) have pulled out over ₹3,500 crore from Indian equities in June so far, pressuring markets despite a recent RBI rate cut aimed at spurring growth. Analysts warn that further escalation in the Middle East, oil price volatility, and continued FII outflows could weigh on markets heading into next week.
Published on: June 13, 2025
The Reserve Bank of India (RBI) has granted a six-month extension to Prashant Kumar as the Managing Director and CEO of Yes Bank, effective from October 6, 2025, or until a new MD & CEO takes charge. The decision was conveyed to the bank in a letter dated June 12, and disclosed through an exchange filing on Thursday.
The extension comes at a time when Yes Bank is in the process of onboarding a new investor—Sumitomo Mitsui Banking Corporation (SMBC)—which is set to acquire a 20% stake through a secondary transaction involving the State Bank of India and other existing shareholders.
It remains unclear whether the board of Yes Bank had requested a longer extension for Kumar. In a recent interview with NDTV Profit, Kumar declined to comment on the specifics of his tenure, offering no clarity on his future role.
SMBC’s investment is still awaiting regulatory approval, and the 20% acquisition is reportedly part of a broader plan that could potentially see the Japanese lender take a more active role in managing the bank.
Prashant Kumar was initially appointed as RBI-appointed administrator in March 2020, when Yes Bank faced a major crisis leading to the replacement of its board. He was later confirmed as the MD & CEO, continuing to lead the bank through its recovery phase.
Published on: June 13, 2025
The Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as the Managing Director and CEO of CSB Bank for a period of three years, effective from September 15, 2025. In a regulatory filing, the bank stated that the approval was granted under Section 35B of the Banking Regulation Act, 1949, via a letter dated June 12, 2025. CSB Bank will now seek shareholder approval in line with the Companies Act, 2013 and SEBI Listing Regulations.
Mondal, who joined CSB Bank in September 2020 from Axis Bank, initially served as President overseeing retail, SME, operations, and IT. He was elevated to Deputy Managing Director in February 2022 and has been functioning as the interim MD and CEO since April 2022.
His career spans leading roles at Yes Bank, HDFC Bank, Standard Chartered Bank, Wipro InfoTech, and Colgate Palmolive.
As of 9:40 AM today, CSB Bank shares were trading down 1.97% at Rs 381.30.
Published on: June 13, 2025
The Supreme Court of India on Friday, June 13, dismissed a fresh plea seeking revocation of the ‘Z+’ security cover extended to Mukesh Ambani and his family, warning the petitioner against misusing judicial resources. A vacation bench comprising Justices Prashant Kumar Mishra and Manmohan strongly reprimanded petitioner Bikash Saha, labeling his repeated filings as “frivolous” and “vexatious.”
The bench noted that the matter had already been disposed of in February 2023, when the court ruled that Saha lacked locus standi to challenge the security cover provided to the Ambani family. The court emphasized that it would not tolerate "arm-twisting" of judicial processes, and cautioned the petitioner that continued abuse of court time could result in monetary penalties.
The latest petition was filed as an application for clarification, but the bench reaffirmed its previous decision, reiterating that the security cover issue had already been settled and would not be reopened without valid grounds.
This ruling reinforces the judiciary’s stance on curbing public interest litigations filed without substantive cause, especially when aimed at high-profile individuals or entities without legal standing.
Published on: June 13, 2025
Shares of Reliance Industries Ltd. fell in early trading on Friday, reacting to a sharp spike in global crude prices after Israel launched military strikes on Iran, intensifying geopolitical risks in the oil-rich Middle East. The scrip declined as much as 1.61% to Rs 1,418.40, before trimming losses to trade 1.18% lower at Rs 1,424.60 at 9:17 AM, underperforming the NSE Nifty 50, which was down 1.15% at the same time.
The conflict led to Brent crude jumping over 13%, while WTI crude also soared — the biggest single-day gains since May 2022. Israeli Prime Minister Benjamin Netanyahu confirmed the strikes targeted Iran’s nuclear and military facilities, with IRGC commander Hossein Salami reported dead in Iranian media.
The geopolitical escalation comes at a time when oil markets were already volatile due to OPEC+ production plans and global trade pressures. Analysts warn that a broader conflict, especially involving Iran’s potential retaliation and disruptions near the Strait of Hormuz, could severely impact global oil supply and fuel prices.
Meanwhile, uncertainty looms over the upcoming sixth round of US-Iran nuclear talks in Oman, with US President Donald Trump casting doubt over a diplomatic resolution. Although the US denied involvement in the strikes, officials are urging restraint to avoid further conflict.
Stock & Analyst Insights:
• YTD Performance: Up 18.61%
• Past 12 Months: Down 1.61%
• RSI: 48.78, suggesting neutral momentum
• Analyst Ratings (Bloomberg):
o 36 'Buy'
o 2 'Sell'
o Average Target Upside: 8%
Key Takeaway:
Reliance Industries, heavily tied to global oil dynamics through its refining and petrochemical businesses, remains sensitive to crude volatility. While long-term prospects appear robust, near-term pressures from geopolitical shocks could weigh on performance.