Download Unicorn Signals App

By EquityPandit

EquityPandit

EquityPandit
MARKETS

IRCTC’s Net Profit Slips 5% over Lower Margins, Shares Fall 2%

IRCTC shares jumped after it announced plans to expand its catering business beyond the Railways.

Indian Railway Catering and Tourism Corporation (IRCTC) saw its shares slide 2% in the early trade on Thursday after it posted its Q1FY24 results.

The transport corporation reported a 5.2% year-on-year (YoY) decline in profits in the April-June quarter of FY24 at Rs 232.21 crore, impacted by lower operating margins. Its profit in the corresponding period last year stood at Rs 245.52 crore. Sequentially, the profit declined 16.7% from Rs 279 crore in the March quarter.

For the June quarter, the earnings before interest, tax, depreciation and amortisation (EBITDA) also showed a YoY growth of 6.9% to Rs 343 crore, while the EBITDA margin stood at 34.2%, down from 37.6% for the same quarter last fiscal.

However, IRCTC’s revenue from operations for the first fiscal quarter jumped 17.4% to Rs 1,001.75 crore from Rs 852.59 crore in the year-ago quarter. In the March quarter of FY23, the company’s revenues stood at Rs 965 crore. 

Revenue from the catering segment rose 35% YoY to Rs 471 crore, and that from the tourism business spiked 58% to Rs 130 crore in the June quarter compared to Rs 82 crore in the year-ago period. But, revenue from the internet ticketing business fell 4% to Rs 290 crore in Q1 from Rs 302 crore during the same period of the previous year. 

At 12:20 pm, shares of IRCTC were trading at Rs 641, down 1.18% from the previous closing price on the National Stock Exchange (NSE). The stock touched an intraday low of Rs 635.10.

Get Daily Prediction & Stocks Tips On Your Mobile


I would like to receive communication from EquityPandit via sms, email, whatsapp, Google RCS for offers, updates etc.
MARKETS

Mahindra & Mahindra and Tata Motors Shares Slump as China Halts Supply 

Ali Waghbakriwala

Shares of Tata Motors Ltd and Mahindra & Mahindra Ltd lost early gains on Friday, 25 April, after China had halted supplying rare earth magnets to India.

According to industry sources, the migration from China is causing manufacturing issues for Indian EVs and component makers. As a result of this decision, vehicle and component makers have asked the government for assistance.

According to sources, China has restricted the supply of rare earth magnets to India since 4 April and is now requesting end-user certifications before releasing any officially authorized rare earth magnet shipments.

The neighbouring country has also specified that importers must obtain end-user certificates signed by both India’s foreign ministry and the Chinese consulate. Importers must also affirm that the rare earth magnets will not be utilized to manufacture weapons or distributed to third parties.

Rare earth magnets play an important role in traction motors and other components of electric vehicles and cars.

At the conclusion of the third quarter, Tata Motors had seen a 23% increase in EV registrations, owing to new offerings that fueled growth.

At 12:51 pm, the shares of Tata Motors were trading 1.62% lower at Rs 657.50, and shares of Mahindra & Mahindra were trading 1.33% lower at RS 2,862.90 on NSE.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!

MARKETS

Patel Engineering Shares Soar 5% on Bagging Rs 2,036 Crore Projects 

Ali Waghbakriwala

Shares of Patel Engineering Ltd soared 5% on 25 April after the company announced that they have emerged as the lowest bidder (L1) for projects valued at Rs 2,036.89 crore.

NEEPCO has designated a Mumbai-based infrastructure business as L1 for a Rs 718 crore (including tax) contract for the 240 megawatt (MW) HEO Hydroelectric Project in Arunachal Pradesh.

The project, which is estimated to generate 1,000 million units (MU) of electricity per year, intends to boost the state’s power supply while also contributing to national grid balancing.

The project is located in Arunachal Pradesh’s Shi Yomi district and is expected to be completed within 44 months.

The scope of work for the 240 MW HEO Hydropower project includes civil and related infrastructure construction, hydro-mechanical equipment testing and commissioning, and ensuring that all generating units operate and perform properly.

You Might Be Interested In

In addition, the company was designated the lowest bidder for CIDCO’s Rs 1,318.89 crore contract for the “construction of Kondhane Dam and its allied works” using Roller Compacted Concrete Technology. The project is located in the state of Maharashtra, Village – Kondhane, Taluka – Karjat, District – Raigad, and will be completed in 42 months.

The scope of work comprises civil works for the dam’s construction, which measures 1209m in length and 83m in height, as well as hydro-mechanical and electrical work, such as three radial gates, electrical and manual gate control, and other electrification work.

At 11:44 am, the shares of Patel Engineering were trading 0.09% higher at Rs 44.47 on NSE.

Curious About Patel Engineering Ltd? Ask the Analyst.

Feeling overwhelmed by the markets? Let Unicorn Signals be your guide. Our user-friendly app simplifies complex data and provides actionable trading signals. Download the app today and trade with confidence!

MARKETS

Stocks in Focus: RITES, Wipro, Container Corporation of India, and Others

Ali Waghbakriwala

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.65% higher by 126 points at 24,529, indicating that the domestic benchmark indices are likely to make a positive start on Friday.

On Thursday, 24 April, Domestic benchmark indices S&P BSE Sensex slumped by 315.06 points or 0.39% and settled at 79,801.43 while the Nifty50 traded 0.34% lower by 82.25 points, settling at 24,246.70.

Here are some stocks that are likely to remain in focus on 25 April.

Quarterly Results Today: Reliance Industries, Maruti Suzuki India, L&T Finance, Cholamandalam Investment and Finance, RBL Bank, Tata Technologies, DCB Bank, Force Motors, Dr Lal PathLabs, Lloyds Metals and Energy, Hindustan Zinc, Chennai Petroleum Corporation, Bank of Maharashtra, Mahindra Lifespace Developers, Poonawalla Fincorp, Rossari Biotech, Shriram Finance, Motilal Oswal Financial Services, Oracle Financial Services Software, Tejas Networks, Zensar Technologies are some of the prominent companies set to announce their quarterly earnings for January-March. 

RITES: The company announced securing an order worth Rs 28 crore from Mahanadi Coalfields Ltd for designing and managing a railway project linked to Phase-II SILO at MCL’s Lakhanpur area.

Wipro: The company has announced the launching of the GitHub Center for Excellence in Bengaluru, which will help developers and clients build AI-powered solutions faster. 

Container Corporation of India: The company has announced that it is inking a Memorandum of Understanding (MoU) with Gail India to develop LNG infrastructure at various company terminals to provide an uninterrupted supply of LNG fuel for its road transportation requirements.

Bharat Heavy Electricals: The company has announced a fire incident on a garbage heap at its unit in Bhopal. The company stated that the fire was contained within the plantation area and there was no damage to any machinery, plant, or property. 

PB Fintech: The company announced its first investment in its subsidiary, PB Healthcare Services, for a total consideration of Rs 539 crore. The Board of Directors of the company has approved a total investment of Rs 696 crore in its subsidiary via the subscription or purchase of equity shares during the fiscal year 2026.

Tech Mahindra: In its quarterly earnings for January-March, the company reported a 76.5% year-on-year increase to Rs 1,167 crore for the quarter under review due to the expansion of margins and the effective tax rate coming down due to -one-off benefit. 

Power Grid Corporation of India: The company’s subsidiary, POWERGRID Energy Services announced the commercial operation of an 85 megawatts (MW) solar PV power plant in Ujjain, Madhya Pradesh.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!

MARKETS

Stocks Under F&O Ban: 

Ali Waghbakriwala

Under the futures and options (F&O) segment, no stocks were banned from trade on Friday, 25 April, by the National Stock Exchange (NSE). 

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market. 

The open interest for F&O contracts of RBL Bank declined below the 80% limit. Hence, it was removed from the list on Friday

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!

MARKETS

Lupin Secures USFDA Approval for Tolvaptan Tablets; Shares Gain 

Ali Waghbakriwala

Shares of Lupin Ltd were trading in the green and 2% higher on Thursday, 24 April, after the company announced that USFDA (US Food and Drug Administration) had approved its Abbreviated New Drug Application (ANDA) for Tolvaptan tablets, which are intended to delay the deterioration of kidney function.

In an exchange filing, the company stated that it was the first to file for the product, providing it with 180 days of generic exclusivity. The medication is currently being produced at Lupin’s Nagpur facility and will be available shortly.

Tolvaptan delays the decline of kidney function in people suffering from rapidly progressive autosomal dominant polycystic kidney disease (ADPKD). According to Lupin’s exchange report, tablet sales in the United States will be over $1.47 billion by 2024.

“We are very pleased to have obtained approval for generic Tolvaptan from the USFDA. This marks a significant entry into the nephrology segment and demonstrates our commitment to addressing the unmet needs of patients globally,” said Lupin CEO Vinita Gupta.

Otsuka Pharmaceutical developed Tolvaptan tablets, a bioequivalent of Jynarque, to treat autosomal dominant polycystic kidney disease (ADPKD), a chronic condition with few therapies.

At 2:39 pm, the shares of Lupin Ltd were trading 0.69% higher at Rs 2,104 on NSE. 

Ask the analyst & get instant answer about Lupin Ltd.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!

@2025 - www.equitypandit.com. All Right Reserved.
Latest
IPO
Weekly
Outlook

Stock
Market
Prediction