Govtʼs Rs 37.5 cr coal gasification scheme, Airtel profits down 33%, and more
Wednesday, 13 May 2026
Markets opened above yesterday’s closing point.
Metal stocks and oil and gas stocks rose the most today. IT stocks and realty stocks fell the most.
Global markets: Most US markets fell. Most Asian markets rose. European markets showed a mixed trend (as of 6 pm IST).
News
The government approved a scheme worth Rs 37,500 crore to support coal and lignite gasification projects, aiming to reduce India’s dependence on imports like LNG, urea, ammonia, and methanol.
The government approved the Ahmedabad (Sarkhej) - Dholera semi high-speed double line project with an approx total cost of Rs 20,667 crore.
India has signed an MoU with South Korea’s HD Korea Shipbuilding & Offshore Engineering to develop a mega greenfield shipyard at Thoothukudi, Tamil Nadu.
Stocks Updates
Airtel: net profit fell 33% year-on-year to Rs 7,325 crore in the Jan-March quarter. Dividend announced: Rs 24 per share, with 2 June as the record date.
TVS Motors: net profit rose 19.03% year-on-year to Rs 771.52 crore in the Jan-March quarter.
Tata Motors: net profit rose 33.81% year-on-year to Rs 1,793 crore in the Jan-March quarter. Dividend announced: Rs 4 per share. It also incorporated ‘Teesta Renewable Energy’ SPV with 26% stake to develop renewable power projects.
Power Finance: net profit rose 2.86% year-on-year to Rs 8,597.61 crore in the Jan-March quarter. Dividend announced: Rs 3.95 per share.
Cipla: net profit fell 54.6% year-on-year to Rs 554.64 crore in the Jan-March quarter. Dividend announced: Rs 13 per share, with 5 June as the record date.
Jio Financial: incorporated a joint venture, Jio Allianz General Insurance, with Allianz Europe for 50% stake at an initial investment of Rs 4.95 crore to enter the general insurance business in India.
Max Healthcare: received request to reclassify Radiant Life Care Hospital Foundation from promoter group to public category.
L&T: its Power Transmission & Distribution business won significant orders (Rs 1,000 crore to 2,500 crore) from clients in the Middle East for construction of one 380 kV substation and two 132 kV substations on a turnkey basis.
Word of the Day
NCDs
They are fixed-income debt instruments through which companies raise money from investors
It stands for Non-Convertible Debentures.
Unlike convertible debentures, NCDs cannot be converted into company shares.
Investors earn returns through regular interest payments (coupon payments) and receive the principal amount back at maturity.
NCDs usually offer higher returns than bank fixed deposits, but they also carry credit risk, which means the company issuing them may face financial problems or fail to repay.
6 Day Course
Theme: making sense of MF returns
Day 3: Wednesday
Within the same subcategory of mutual funds, each mutual fund will mostly have different holdings.
Example: one mid cap fund may have a bulk of its investments in pharma industry stocks. Another may have a bulk in auto sector stocks.
We know all too well that sectors and industries go through ups and downs individually also.
So, let’s say the pharma industry is going through a tough phase. Pharma sector stocks would be giving lower returns.
So a mutual fund with more pharma stocks will show lower short term returns than others.
Each sector goes through these ups and downs. And thus, different mutual funds will keep going through these ups and downs at different times.
Similarly, different mutual funds are also affected by different stocks’ performance due to factors affecting individual stocks.
Featured Question
Q. “Is Expense ratio accounted for when NAV is reported and in 3 year CAGRs?”
Yes.
All mutual fund returns we see are after expense ratio.
The returns we see are the returns we’d get. The only deduction from it would be taxes (if applicable).
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