Published on: April 9, 2025
New Delhi, April 9: State-owned Coal India Ltd (CIL) saw a 4.7% year-on-year decline in its payment to the government exchequer for March FY25, amounting to ₹5,832.69 crore, down from ₹6,126.42 crore in the same period last year.
Despite the dip in March, the miner — which contributes over 80% of India's domestic coal output — posted a marginal 1.2% increase in its total payments to both central and state governments for the full financial year FY25. CIL paid ₹60,959.52 crore in FY25, compared to ₹60,197.8 crore in FY24, according to provisional data.
The company remains a vital contributor to public finances, especially for coal-producing states, and continues to be a key driver of state-level economic growth.
Published on: April 9, 2025
State-owned Coal India Ltd (CIL) reported a 4.7% drop in its payment to the government exchequer in March FY25, contributing ₹5,832.69 crore compared to ₹6,126.42 crore during the same month last year. Despite the monthly decline, CIL’s total payment to the central and state governments in FY25 rose slightly by 1.2%, reaching ₹60,959.52 crore, up from ₹60,197.8 crore in FY24, according to provisional data.
The largest share of the FY25 exchequer contribution went to coal-rich states:
• Jharkhand: ₹14,047.44 crore
• Odisha: ₹12,979.20 crore
• Madhya Pradesh: ₹11,351.84 crore
• Chhattisgarh: ₹11,303.76 crore
These payments came from royalties, DMF, NMET, and other levies, reinforcing the coal sector's critical role in state-level economic growth.
On the production front, CIL reported 781.1 million tonnes (MT) of coal output in FY25, which was 7% short of its 838 MT target, although it still marked a 1% increase compared to the previous year.
Looking ahead, the coal giant has set an ambitious production target of 875 MT for FY26, alongside an offtake target of 900 MT, as it aims to further strengthen India's energy security and support industrial demand.
Published on: April 9, 2025
Tata Steel shares fell as much as 3.82% to ₹125.3 on Wednesday after a large block deal involving 2.09 million shares took place at market open, according to Bloomberg. The stock later pared some losses but was still down 2.58% at ₹126.9, underperforming the Nifty 50, which was up 0.66% around 11:19 AM. The company’s stock has declined 8% year-to-date, compared to the broader market’s 5.3% drop.
The sell-off came a day after Tata Steel released its Q4FY25 production update, revealing a marginal increase in India output to 5.51 million tonnes, up from 5.40 million tonnes in Q4FY24. However, this represented a decline from 5.69 million tonnes in Q3FY25, attributed to relining work at the 'G' blast furnace in Jamshedpur.
Annual production in India rose 5% YoY to 21.8 million tonnes, supported by the commissioning of India's largest blast furnace at Kalinganagar and improved output at Neelachal Ispat Nigam Limited.
Globally, performance was mixed:
• Netherlands plant output rose YoY to 1.63 MT but fell QoQ from 1.76 MT.
• UK operations reported zero production due to the closure of two blast furnaces at Port Talbot.
• Thailand operations were stable YoY at 0.31 MT, with a slight QoQ uptick.
In a positive highlight, deliveries from the Automotive & Special Products (A&SP) segment remained stable YoY at 3.1 MT, and grew 10% QoQ. Tata Steel also became the first Indian mill to localise CP780, a high-strength hot rolled grade, for automotive use.
Despite encouraging strides in domestic production and innovation, investor sentiment remained subdued due to operational setbacks abroad and short-term volume pressure.
Published on: April 9, 2025
Mumbai, Apr 9, 2025 (06:32 PM IST): Stay ahead of the market with the Tata Motors Stock Liveblog, your go-to destination for real-time updates, data-driven analysis, and expert stock recommendations. As of the latest update, Tata Motors is trading at ₹582.9, with a market capitalization of ₹2.14 lakh crore, a volume of 1.75 crore shares, P/E ratio of 6.75, and Earnings Per Share (EPS) of ₹86.3.
This live coverage dives into fundamental and technical indicators, providing a 360-degree view of Tata Motors' stock movement and investment potential. From breaking news to in-depth stock trend analysis, the blog empowers investors to make smart and timely decisions.
Whether you're a seasoned investor or just starting out, follow our liveblog to navigate Tata Motors’ performance and stay informed on all market-moving events surrounding this auto giant.
Published on: April 9, 2025
Mumbai, Apr 10: SBI Securities has identified ITC Hotels Ltd as its 'Pick of the Week', forecasting a potential upside of 16% over the next 12 months, with a target price of ₹222.30. The stock, currently trading at ₹192.30, has already gained 14% in the past month, outperforming the broader market.
The brokerage cites five key reasons for its bullish stance:
Reasonable Valuations: ITC Hotels is trading at FY25/FY26 EV/EBITDA multiples of 33.3x and 26.1x, respectively—considered fair given sector potential.
Strong Track Record: The company posted record-high revenues and operating profits in FY24, with average room rates (ARR) and occupancy improving significantly since FY22.
Robust Pipeline: A strong inventory pipeline of 46 hotels and 4,300 keys, including properties in Nepal and Colombo, is set to boost presence in 26 new destinations.
Asset-Light Model: The hotelier is increasingly relying on managed properties, especially in Tier 2 and Tier 3 cities, improving capital efficiency.
Established Brand Portfolio: With 140 hotels across 90 locations and a growing presence under six distinct hospitality brands, ITC Hotels is well-positioned in all segments of the Indian hospitality market.
Published on: April 9, 2025
Bengaluru, Apr 10: Prestige Estates Projects Limited, a Bengaluru-based real estate developer, announced an impressive ₹16,133.8 crore in Gross Development Value (GDV) from a series of residential project launches in Q4 FY25. Spanning 14.03 million sq. ft. of developable area and comprising 4,548 units, the launches cover prime urban hubs like Bengaluru, Mumbai, and Hyderabad.
Chairman and MD Irfan Razack highlighted the company's resilience and customer trust, despite facing regulatory approval delays. Prestige plans to maintain this momentum with an upcoming launch pipeline in Delhi NCR, Chennai, Bengaluru, and Mumbai in the next quarters.
Key highlights include the Prestige Nautilus in Mumbai, which achieved ₹2,385.7 crore in sales within a month, followed by Prestige Southern Star in Bengaluru at ₹1,382.1 crore, and Prestige Spring Heights in Hyderabad at ₹1,110.1 crore—all launched late in the quarter but demonstrating strong demand across markets.
Published on: April 9, 2025
The Nifty Pharma index fell 1.78% to 20,015.95 around 11:07 AM (IST) on Wednesday, mirroring the broader market downturn. While JB Chemicals & Pharmaceuticals edged up 0.44%, most other constituents traded deep in the red.
Top losers on the index included:
• Ipca Laboratories: down 5.18%
• Biocon Ltd.: down 4.95%
• Laurus Labs: down 4.59%
• Granules India: down 4.51%
• Aurobindo Pharma: down 4.23%
The broader markets were also under pressure. The NSE Nifty50 dropped 168.8 points to 22,367.05, while the BSE Sensex fell 470.38 points to 73,756.70. Out of the 50 Nifty stocks, only 14 were in the green, with 36 declining.
Published on: April 9, 2025
Tata Steel shares dropped as much as 3.82% to ₹125.3 on Wednesday after a significant volume of the company's stock changed hands in a block deal, according to Bloomberg. The stock later pared some losses but was still down 2.58% at ₹126.9 apiece, even as the Nifty 50 gained 0.66% around 11:19 AM.
This decline follows a brief uptick and continues the stock’s underperformance for the year, with Tata Steel down 8% YTD, compared to a 5.3% decline in the Nifty 50. The company’s market capitalisation stands at approximately ₹1.59 trillion. Bloomberg reported that about 2.09 million shares exchanged hands at market open, though the average trade price was not disclosed.
The block deal coincided with Tata Steel’s Q4FY25 operational update, where domestic crude steel production stood at 5.51 million tonnes, slightly up year-on-year from 5.40 MT but down sequentially from 5.69 MT in Q3FY25. For the full year, Tata Steel India recorded a 5% YoY production increase, driven by the commissioning of India's largest blast furnace at Kalinganagar and higher output at Neelachal Ispat Nigam Limited.
Global Production Snapshot:
• Netherlands: Production rose to 1.63 MT YoY but declined from 1.76 MT QoQ.
• UK: Production dropped to zero due to the closure of two blast furnaces at Port Talbot.
• Thailand: Flat YoY at 0.31 MT, up from 0.26 MT QoQ.
In the Automotive & Special Products (A&SP) segment, deliveries were stable YoY at 3.1 million tonnes, with a 10% QoQ rise. Notably, Tata Steel became the first Indian mill to localise CP780 grade hot rolled steel for automotive use.
While Tata Steel reported steady progress in certain verticals, investor sentiment appears cautious due to operational headwinds abroad, sequential production dips, and uncertainty around the large block trade.
Published on: April 9, 2025
Tata Consultancy Services (TCS), the IT bellwether of the Tata Group, is set to kick off India Inc’s fourth-quarter earnings season on Thursday, April 10, with analysts projecting muted revenue and profit growth for the March 2025 quarter (Q4 FY25).
Due to seasonal factors, the ramp-down of the BSNL project, and global macroeconomic uncertainties, revenue for TCS is expected to decline marginally by 1.51% QoQ to ₹63,009.75 crore, according to estimates tracked by Business Standard. However, a modest increase in EBIT margins may lift net profit by 1.31% QoQ to ₹12,541.9 crore. On a year-on-year basis, net profit is expected to grow by just 0.64%.
Brokerage Expectations:
• HSBC expects a 2.1% QoQ revenue growth to ₹61,237 crore and 2% profit growth to ₹12,434 crore, with margin gains being reinvested into talent and infrastructure.
• Kotak Securities anticipates a 1.5% QoQ revenue rise to ₹64,963.9 crore, net profit up 2.3% QoQ to ₹12,663.6 crore. However, margin pressures due to promotions and lower deal wins are expected.
• Nuvama Institutional Equities forecasts flat margins and a 0.2% decline in constant currency (CC) revenue, with overall revenue seen at ₹61,237 crore. Profit is expected to grow by 1.5% QoQ.
Key concerns include the impact of US tariffs, a soft US macro outlook, underperformance in international markets, and muted discretionary tech spending. Analysts will closely watch TCS’s commentary on deal wins, margin trajectory, and outlook for FY26, especially in the face of ongoing global economic uncertainty.
TCS had reported a net profit of ₹12,380 crore in Q3 FY25, with a 0.4% sequential revenue decline and an 11.9% YoY profit rise. The upcoming results will be crucial in setting the tone for the Indian IT sector’s performance in FY26.
Published on: April 9, 2025
Indian equity markets continued to reel under pressure in mid-day trade on Wednesday, dragged down by global trade tensions, profit booking, and sector-specific concerns. At 12:54 PM, the Sensex was down 317.82 points or 0.43% at 73,909.26, and the Nifty 50 slipped 106.55 points or 0.47% to 22,429.30. Broader indices also extended losses, with the Nifty Midcap 100 and Smallcap Index declining 0.39% and 0.64%, respectively.
IT, metals, pharma, and public sector banks were among the worst-hit sectors, while FMCG and auto stocks showed resilience despite the broader market weakness.
Top Gainers:
• Nestle India surged 3.30% to ₹2,350
• Hindustan Unilever (HUL) rose 2.51% to ₹2,346.80
• Hero Motocorp gained 2.51% to ₹3,663.80
• Titan jumped 2.01% to ₹3,184.95, continuing its rebound after hitting a 52-week low on April 7
• Tata Consumer Products advanced 1.60% to ₹1,086.85
Top Losers:
• Wipro plunged 3.94% to ₹237.50, near its day’s low
• Trent declined 2.51% to ₹4,647.35
• Tech Mahindra dropped 2.38%, Infosys 2.22%, and Tata Steel fell 2.12%
• Among midcaps, Muthoot Finance was down over 7%, followed by Glenmark, Lupin, Phoenix Mills, and Biocon
Gold loan NBFCs such as IIFL Finance, Muthoot Finance, and Manappuram Finance were under pressure as the RBI repo rate cut and upcoming regulatory changes on gold loans triggered concerns.
Market breadth remained negative with 1,828 stocks declining and only 811 advancing out of 2,704 traded on the NSE.
Meanwhile, Jai Corp, NMDC, Orchid Pharma, and Inox Green hit 52-week lows, while IndiGo and Waaree Renewables touched 52-week highs. On the BSE, CarTrade Tech and LT Foods tanked 10% and 8%, respectively.
Overall, while sentiment remained subdued due to macroeconomic and geopolitical headwinds, select FMCG and auto stocks provided some cushion to the falling market.
Published on: April 9, 2025
Shares of Indian information technology (IT) companies remained under heavy pressure on Wednesday, with the Nifty IT index sliding over 2.5% in intra-day trade, making it the top sectoral loser on the NSE. The sell-off reflects mounting concerns over a possible US recession, increased trade tensions, and weak tech spending outlook for calendar year 2025 (CY25).
Wipro, Mphasis, Coforge, and Tech Mahindra led the declines, plunging between 3% and 5%, while TCS, HCL Technologies, Infosys, LTIMindtree, and Persistent Systems saw losses of 1% to 2%. As of 9:40 AM, both the Nifty IT and BSE IT indices had underperformed broader markets, which were down 0.65%.
The BSE IT index has now dropped nearly 10% over the past five trading sessions, and is down 26% year-to-date in CY25, compared to a 5.6% fall in the BSE Sensex.
Analysts attribute the weakness to rising global headwinds. Emkay Global warned that companies may face tighter resource utilisation and slow hiring trends, as demand recovery in CY25 remains uncertain. Discretionary tech spending continues to be restrained, particularly in communication and manufacturing sectors, while some resilience is visible in parts of BFSI.
In addition, Jefferies reiterated its cautious stance in a recent note, slashing EPS estimates for Indian IT firms by 2–14%. The brokerage flagged the risk of prolonged demand weakness through FY26, citing the negative impact of new US tariffs on IT services and global supply chains.
Adding to the cautious tone, Tata Consultancy Services (TCS) is set to report its Q4 FY25 earnings on Thursday, April 10. Analysts expect a muted quarter for the IT giant, with limited revenue and profit growth due to seasonality and delays in client projects.
The sector faces a challenging road ahead, as uncertainty over macroeconomic conditions and client spending continues to overshadow any near-term recovery hopes.
Published on: April 9, 2025
Indian IT stocks took a hit on April 9 after global brokerage firm Jefferies issued a cautious outlook for the sector, downgrading major players like TCS, Wipro, and Mphasis, and slashing earnings projections across the board. The move comes as US President Donald Trump's reciprocal tariffs took effect, raising uncertainty around global tech demand.
Jefferies downgraded Tata Consultancy Services (TCS) from Buy to Hold, cutting its target price to ₹3,300 from ₹4,530—just 0.2% upside from the previous close. TCS shares dropped nearly 2% to ₹3,239.
Wipro faced the sharpest revision, downgraded to Underperform with a target cut to ₹210 from ₹310, implying over 15% downside. Wipro shares sank more than 4% to close at ₹237.
Mphasis was also downgraded to Hold, with its target slashed from ₹3,250 to ₹2,300. The stock fell nearly 3% to ₹2,109, despite a modest upside potential remaining.
In contrast, Infosys, Coforge, and Sagility retained Buy ratings, but Jefferies reduced their target prices due to lowered EPS forecasts. Infosys' target was trimmed to ₹1,700 (from ₹1,835), suggesting a 19% upside. Coforge’s new target is ₹7,860 (down from ₹10,350), and Sagility’s is ₹48 (down from ₹64), both implying over 20% upside. Despite this, Infosys and Sagility shares fell over 2–3%.
HCL Technologies was kept at Hold, with its target reduced to ₹1,520 from ₹1,900. The stock ended 2% lower at ₹1,381.
Jefferies emphasized that a sector-wide re-rating is unlikely without a stronger US GDP outlook. It prefers firms with higher growth visibility amid the ongoing tariff-related uncertainty, reflecting a cautious near-term stance on India’s IT space.
Published on: April 9, 2025
Indian equity markets ended lower on Wednesday, snapping a brief rally, as the RBI trimmed its growth projection for FY26 by 20 basis points and projected CPI inflation at 4%. The Sensex fell 379.93 points (0.51%) to close at 73,847.15, while the Nifty 50 declined 136.70 points (0.61%) to end at 22,399.15. Notably, benchmark indices underperformed broader market peers.
The Nifty PSU Bank index was the worst-performing sector, dragged by losses in Central Bank of India and Indian Bank. On the other hand, Nifty FMCG was the only sector to end in the green for a second straight session, supported by resilience in consumer staples.
The rupee fell sharply, ending 45 paise lower at 86.70 against the US dollar, its weakest close since March 17, amid rising global uncertainty and foreign capital outflows.
Among stock-specific moves, over 2.19 million shares of Nykaa changed hands in a block deal, with the stock rising slightly by 0.20% to ₹177.10. Mahindra & Mahindra reported delivering 3,000 units of its XEV 9e and BE 6 electric SUVs in just 20 days, with booking trends showing stronger demand for the premium variants.
Meanwhile, Glenmark Pharma issued a Class II product recall primarily due to approaching expiry dates of certain drugs. Analysts said the recall is not a major concern and is reversible.
Overall, investor sentiment remained cautious amid mixed domestic signals and global headwinds, including volatile trade policies and weakening emerging market currencies.
Published on: April 9, 2025
Indian equity markets closed in the red on Wednesday, snapping a brief one-day rebound after the Reserve Bank of India cut the repo rate by 25 basis points. The NSE Nifty 50 declined 136.70 points or 0.61% to settle at 22,399.15, while the BSE Sensex shed 379.93 points or 0.51% to close at 73,847.15. Intraday, both indices dropped as much as 0.81% and 0.75%, respectively, reflecting broad-based selling pressure.
The decline was compounded by a sharp fall in global equities after US President Donald Trump hiked trade tariffs to historically high levels, increasing pressure on China. Asian stocks slumped to their lowest since January 2024, while European equity futures dropped 4.4% and US stock futures retreated over 2.5%.
Back home, defensive stocks such as Hindustan Unilever, ITC, Nestle India, Power Grid, and Titan provided some cushion to the Nifty, while major drags included heavyweights like Larsen & Toubro, SBI, Infosys, TCS, and Axis Bank.
On the sectoral front, 12 of 15 NSE sectors closed in the red, with PSU Bank, IT, Pharma, and Realty leading the losses. Similarly, 18 of 21 sectors on the BSE declined, with IT and Focused IT bearing the brunt. Broader markets also weakened—BSE MidCap dropped 0.73% and SmallCap fell 1.08%.
The market breadth remained negative, with 2,359 stocks declining against 1,529 advancing and 142 remaining unchanged on the BSE, indicating widespread selling amid persistent global and domestic uncertainty.
Published on: April 9, 2025
The Reserve Bank of India (RBI) cut the benchmark repo rate by 25 basis points to 6% in its April policy meeting and shifted its policy stance from 'neutral' to 'accommodative', signaling the potential for further easing ahead. The decision, aligned with market expectations, comes amid growing global economic uncertainty and recent market turbulence triggered by US tariff threats.
Moody’s Analytics Economic Research Director Katrina Ell highlighted the importance of stability during volatile periods, stating that uncertainty has a widespread negative impact on economies. The RBI’s move was seen as a deliberate attempt to avoid further surprises that could exacerbate market stress.
Analysts, including Emkay Global’s Madhavi Arora, noted that the new accommodative stance opens the door for additional rate cuts or liquidity measures if global volatility persists. Moody’s now anticipates a total rate cut of 75 basis points in 2025.
Meanwhile, Indian financial markets have faced significant pressure, with benchmark indices Nifty 50 and Sensex hitting 10-month lows and erasing investor wealth worth Rs 14 lakh crore. As US tariffs on Indian goods took effect, the rupee slid to 86.67 against the dollar and the 10-year bond yield climbed to 6.54%, reflecting the broader risk-off sentiment.