Markets opened above yesterday’s closing point.
Nifty 50 was volatile in the first half of the day.
Oil and gas stocks and healthcare stocks rose the most today. Realty stocks and IT stocks fell the most.
Global markets: US and European markets rose. Asian markets showed a mixed trend.
News
The US GDP shrank by 0.5% year-on-year in the Jan-March quarter, compared to a growth of 2.4% in the previous quarter.
India’s external debt rose $67.5 billion annually to $736.3 billion at the end of March 2025. The external debt to GDP ratio rose 19.1%.
India’s forex reserves fell by $1.02 billion to $697.93 billion in the week that ended on 20 June.
Credila Financial Services has filed its updated draft red herring prospectus (DRHP) with SEBI for a Rs 5,000 crore IPO.
HDB Financial Services IPO was subscribed 16.69 times. Retail subscription: 1.41 times. IPO closed for subscription.
Sambhav Steel Tubes IPO was subscribed 28.46 times. Retail subscription: 7.99 times. IPO closed for subscription.
Stocks Updates
Hindustan Aeronautics: board approved a final dividend of Rs 15 per share for the FY 2024-25. Record date: 21 August.
Jio Financial: received a certificate of registration from SEBI for its joint venture, Jio BlackRock Broking, to act as a stockbroker or clearing member.
BHEL: received a letter of award for a Rs 6,500 crore order from Adani Power for the supply of 6 thermal units of 800 MW.
Mazagon Dock: board approved acquiring a controlling stake in Sri Lanka-based Colombo Dockyard PLC, for around Rs 452 crore.
ICICI Bank: board approved acquiring an additional 2% stake in ICICI Prudential AMC to maintain a majority shareholding.
Adani Enterprises: company’s joint venture, AdaniConneX, acquired a 100% stake in Granthik Realtors for Rs 85.99 crore to develop infrastructure projects.
UltraTech: commissioned a 2nd cement grinding mill of 1.8 MTPA at Maihar, Madhya Pradesh.
NTPC: declared commercial operation of Unit 3 (660 MW) at Barh super thermal power project from 1 July.
Waaree Energies: company subsidiary, Waaree Solar Americas, received a supply order of 540 MW solar modules.
Word of the Day
Employee Stock Ownership Plan (ESOP)
It is a benefit plan that offers employees the chance to own shares of their company
In addition to the salary, employees get the option to buy company shares, often at a price lower than market value.
This forms a part of the company’s compensation package.
ESOPs have a vesting period — meaning employees must stay with the company for a set time to buy the shares.
As the company grows, employees can earn dividends on these shares or sell them to make a profit.
Not all companies offer ESOPs. They are more common among startups and tech companies.
6 Day Course
Theme: when to buy and sell
Day 5: Friday
One of the hardest things to accept in the stock markets is that investors will always see outliers.
Investors have to accept them without changing their own rules for buying and selling.
There will be shares that seem to defy the conventional rules.
There will be stocks that you would decide not to buy because of overvaluation. And then, it’ll go up for a long time. This can make you feel like a bad decision-maker.
Likewise, there can be stocks that continue doing well even after you have sold at a very high level.
On the other hand, there can also be shares that you end up buying at an undervalued level — and then it continues to fall.
These are normal occurrences in the share markets.
Featured Question
Q. “In the net profit of a company, does it include operational charges, employees salaries?? How is it calculated exactly?”
Operational costs, including employees' salaries, are used to calculate the net profit.
Take the total revenue of the company.
From this, remove the operational costs, interests, taxes, and preferred dividends.
The amount left after removing those deductions is the net profit.
The easiest way of thinking about net profits or net earnings is:
Net profit = Total revenue - total expenses.
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