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By EquityPandit

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ESIC Calls for Expansion of Social Security Scheme to All Districts

The government has directed the Employees State Insurance Corporation (ESIC) to expand its social security scheme in 744 districts across the country by December this year. The expansion plan must take into account the increase in the beneficiary base, as well as the situation after the implementation of the new social security legislation.


Currently, 443 districts have fully implemented the ESI plan, 153 communities have partially implemented it, and 148 districts have not been included in the ESI plan.


The ESI scheme is available to all factories and other establishments employing ten or more employees and earning no more than Rs 21,000 per month. In a contribution plan, the employer contributes 3.25%, and the employee contributes 0.75%.


ESIC provides free medical care to its members or Insured Persons (IPs) and their family members (called beneficiaries). As of March 31, 2021, ESIC IP and the number of beneficiaries were 34 million and 131 million, respectively.


Participating in ESIC’s two-day brainstorming event, Labour Minister Bhupender Yadav also directed ESIC to provide cashless healthcare to its beneficiaries through Ayushman Bharat-Pradhan Mantri Jan Aarogya Yojna (ABPMJAY) hospitals in all regions of the country.

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Hindustan Aeronautics Shares Soar 6% on Inking Contracts with MoD

Ali Waghbakriwala

Shares of Hindustan Aeronautics (HAL) saw a 6% boost on 1 April after the Ministry of Defense awarded the company contracts totalling Rs 62,700 crore.

Earlier on 28 March, the business and the Ministry of Defense signed two contracts totalling Rs 62,700 crore for the acquisition of 156 Prachand light combat helicopters (LCH), training, and other related equipment.  

The Indian Air Force (IAF) would acquire 66 LCHs under the first agreement, while the Indian Army would receive 90 LCHs under the second.

The Ministry of Defence has also entered into an agreement with Metrea Management for the wet lease of a flight refueling aircraft, aimed at facilitating air-to-air refueling training for pilots of the Indian Air Force and Indian Navy.

Dr D K Sunil, CMD, HAL, said, “This achievement was despite the shortfall in deliveries of LCA and ALH. The deliveries of LCA were affected due to non-availability of engines. The ALH delivery schedule too got hit due to the accident in January 2025 and subsequent grounding of the Fleet. However, the deliveries of other products and services were accelerated which helped us to maintain the top line.”

At 12:36 am, the shares of Hindustan Aeronautics were trading 2.81% higher at Rs 4,295 on NSE.

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Nifty Media Rises 3% as PVR, TV Today, and Network18 Lead Gains

Dhruva Kulkarni

Media stocks are experiencing a strong rally on 8th October, defying broader market volatility, as PVR Inox, TV Today, and Network18 report impressive gains.

This momentum has pushed the Nifty Media index up over 3%, positioning it as the best-performing sectoral index for the day.

As the Q2 earnings season approaches, investors are shifting their focus to Indian companies’ quarterly performances. While the year-over-year outlook for media players remains subdued, there are hopes for sequential improvement.

For instance, PVR Inox’s stock performance is closely tied to box office collections and upcoming releases. Following a lacklustre in the first half of CY24, box office collections have started to pick up. They are anticipated to improve further in Q3 FY25, raising expectations for a recovery for the multiplex operator.

The recent correction in the sector has allowed investors to buy media stocks at lower prices and more reasonable valuations, leading to increased interest in the sector.

At 3:09 PM, PVR Inox was trading 3.42% higher at Rs 1,601.85, TV Today was trading 1.77% higher at Rs 224.56, and Network18 was trading 2.35% higher at Rs 75.74 on NSE.

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Interarch Building Products Invests Rs 7 Crore to Expand Manufacturing in Gujarat, Shares Rise 2.5%

Dhruva Kulkarni

Shares of Interarch Building Products Ltd. rose by 2.5% to reach a day’s high of Rs 1,445.50 on 30th September, after the company announced it had acquired 51,926 square metres of land in Gujarat to establish a new manufacturing facility. The company has invested Rs 7 crore in the acquisition.

This land acquisition supports Interarch’s long-term goal of expanding its national presence and meeting the rising demand for high-quality pre-engineered buildings across India.

The newly acquired land will boost the company’s usable capacity, allowing Interarch to meet increasing demand more effectively.

It also highlights Interarch’s focus on enhancing supply chain capabilities in Western India, ensuring closer proximity to customers for better service.

Gujarat was chosen strategically as it is emerging as a hub for industries like semiconductors, renewable energy, and data centres.

Interarch has previously completed major projects in Gujarat for clients like Asian Paints, Timken, Asahi Glass, MG Motors, and Micron through Tata Projects Ltd.

MD Arvind Nanda stated that the new land acquisition will enhance production capabilities to meet the growing demand for pre-engineered building solutions in key markets.

At 3:30 PM, the shares of Interarch Building Products closed 1.35% higher at Rs 1,421 on NSE.

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Stocks in Focus: Torrent Power, REC, Reliance Power, and Others

Ali Waghbakriwala

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.16% lower by 40.50 points at 24,422, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday. 

On Tuesday, 17 September, Domestic benchmark indices S&P BSE Sensex jumped 90.88 points or 0.11%, to end at 83,079.66, while the Nifty50 traded 34.80 points or 0.14% higher and settled at 25,418.55.

Here are some stocks that are likely to remain in focus on 18 September.

Torrent Power: The company has received a letter of Intent from the Maharashtra State Electricity Distribution Co for a 1,500 megawatt (MW) pumped hydro storage. 

REC: The company has signed a non-binding financial agreement to increase its renewable loan portfolio to over Rs 3 lakh crore by 2030.

Reliance Power: The company has fulfilled all its obligations as a guarantor for Vidarbha Industries Power and has also resolved all disputes with CFM Asset Reconstruction. 

Biocon: The Life Insurance Corporation of India (LIC) has increased its shareholding in the company by acquiring additional 500,200 shares, representing a 0.041% stake in the company, and taking its total shareholding to 5.023%. 

Indian Hotels Company: The company has signed a new resort at Barnala in Punjab under the Gateway brand. The new resort will have 100 villas and is spread across 9 acres. 

Bandhan Bank: The bank has increased its fixed deposit interest rate to 8.55% on one-year deposits, aiming to attract more depositors in this competitive financial market. 

Infosys: The IT major has entered into a long-term agreement with Metro Bank of the UK to improve its IT and support functions. 

Utkarsh Small Finance Bank: The company has received approval from the Reserve Bank of India (RBI) for the variable remuneration for the Managing Director & CEO of the company for FY24 along with the fixed remuneration for FY25. 

Jupiter Wagons: The company has announced a Rs 2,500 crore capacity expansion plan to construct a new facility in Odisha for producing forged wheelsets. The new facility will increase the company’s production capacity from 20,000 to 100,000 wheelsets per year.

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Nifty Hits Record High After 5-Day Slump; All Sectors in Green

Ali Waghbakriwala

After a five-day decline, widespread buying in Indian markets on 26 July led to a strong recovery. In fact, in the last trading hour, the Nifty 50 reached an unprecedented high of 24,861. According to analysts, if the Nifty remains above 24,000, it is likely to rise further.

Today, Sensex and Nifty surged up to 1.7%, reaching 81,332 and 24,834, respectively. During the day, the Sensex was just 160 points away from a new all-time high.

Market breadth favoured advances, with 2,324 shares rising, 1,113 shares declining, and 75 shares unchanged.

VK Vijayakumar warned that valuations might limit the bull run, noting that mid-cap and smallcap stocks are overvalued. He advised investors to focus on high-quality large-cap stocks, which are fairly valued.

Today, the India VIX fell by 2.4% to 12.3. The broader markets outperformed benchmarks as the BSE Midcap and BSE Smallcap indices rose by up to 2%.

All sectors ended in green today. The Nifty Metal index was the best performer, rising by more than 3% thanks to the gains recorded by Coal India, JSW Steel, Tata Steel, Vedanta, and Hindalco. Nifty Auto, Nifty Pharma, and Nifty IT had also performed well, rising by more than 2% each.

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