Direct tax collection rises, India's first off-grid green hydrogen plant, & more
Monday, 23 June 2025
Markets opened below Friday’s closing point and fell after opening till 10:04 AM.
Nifty 50 gradually rose after that but still closed in the red.
Media stocks and consumer durables stocks rose the most today. IT stocks and auto stocks fell the most.
Global markets: US markets and Asian markets showed a mixed trend. European markets fell.
News
India’s gross direct tax collection rose 4.86% year-on-year to Rs 5.45 lakh crore till 19 June in FY 2025-26. Net collection fell by 1.39% to Rs 4.59 lakh crore.
India’s composite PMI (manufacturing + services) rose to 61 in June (vs 59.3 in May). This means India’s economic activity grew more in June than in May.
RBI reduced the mandatory priority sector lending (PSL) requirement for small finance banks from 75% to 60%.
The SECI (Solar Energy Corporation of India) has issued a tender to produce 7.24 lakh tonnes of green ammonia annually for 13 fertilizer plants. This is a part of India’s push to cut emissions.
Stocks Updates
Adani Enterprises: company subsidiary, Adani New Industries, commissioned India’s first off-grid 5 MW green hydrogen plant in Kutch. The plant is powered entirely by solar energy and battery storage.
GAIL (India): board approved a Rs 844 crore capacity expansion of the DUPL-DPPL gas pipeline network by around 2.5 MMSCMD over 3 years.
Godrej Properties: sold over Rs 2,000 crore worth of homes in the launch of the first phase of its project in North Bengaluru, ‘Barca at Godrej MSR City’.
NTPC: declared commercial operation of the final 52 MW at its 245 MW Nokh Solar Project in Rajasthan. The board also approved issuing up to Rs 18,000 crore through non-convertible debentures via private placement in up to 12 tranches over a year.
Bharat Electronics: received orders worth Rs 585 crore for fire control and sighting systems for missiles, communication equipment, jammers, spares, services, etc.
Word of the Day
Treasury Stock
These are shares that a company has bought back from the shareholders
The company holds these shares in its own treasury. They are no longer traded in the markets.
These shares are not considered outstanding – meaning they don’t get dividends and cannot be used for voting.
The company can hold on to them, reissue them later, or cancel them permanently.
They serve a strategic purpose.
Treasury stock can increase share prices by reducing the total number of shares available. They also affect a company’s financial ratios.
They can also be used later in mergers, acquisitions, or fundraising.
Companies can acquire these shares from share buybacks, ESOPs, etc.
6 Day Course
Theme: when to buy and sell
Day 1: Monday
In investing, the buying price and the selling price determine the returns.
But advisors often say “think long-term” and “don’t try to time the markets.”
In this week’s course, we will try to understand the importance of timing investments and why it is important.
We will also understand why advisors' request not to time the markets also makes sense — in its own way.
We know that markets do not go up in a straight line. They go up and down in shorter periods.
In the long run, good investments go up — while still going up and down when we check the short periods.
And bad investments go down in the long run — while still going up and down when we check the short periods.
Featured Question
Q. “It means if I invest in regular mutual fund, I will get an advisor ? How can I contact them ?”
This can be confusing to newer investors.
Let’s try to understand this better.
A few years ago, mutual funds were mostly bought offline — from advisors.
They often operate like independent practitioners, like doctors, lawyers, and CAs.
So, this advisor/broker would advise you and tell you which mutual funds to invest in. You could then invest in those mutual funds via the same advisor/broker. It was paper-based.
So these brokers/advisors would get the commission from the mutual fund company for your investments.
Now, what if you invest online?
Some online platforms sell only regular mutual funds and not direct mutual funds. Investors can ask these platforms for advisors.
Some of the biggest online mutual fund platforms in India offer direct mutual funds only, and no regular funds or advisors.
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