JSW Energy's new green hydrogen plant, ONGC's Rs 6 dividend, & more - Groww Digest
Tuesday, 11 November 2025
Markets opened above yesterday’s closing point.
Nifty 50 rose gradually in the second half of the day and closed in the green.
IT stocks and auto stocks rose the most today. PSU bank stocks and realty stocks fell the most.
Global markets: US markets rose. Asian markets showed a mixed trend. European markets rose (as of 6 pm IST).
News
US President Trump hinted that the US may reduce tariffs on India in the future, and finalise a new trade deal.
RBI has allowed banks and NBFCs to offer loans against silver jewellery and coins starting 1 Apr 2026, under new lending guidelines.
Clean Max Enviro Energy received SEBI’s approval for a Rs 5,200 crore IPO.
PhysicsWallah IPO has been subscribed 0.07 times. Retail subscription: 0.33 times. IPO closes on 13 Nov.
Emmvee Photovoltaic IPO has been subscribed 0.09 times. Retail subscription: 0.32 times. IPO closes on 13 Nov.
Pine Labs IPO was subscribed 2.46 times. Retail subscription: 1.22 times. IPO is closed for subscription.
Stocks Updates
Zydus Lifesciences: received its first approval from China’s NMPA for Venlafaxine ER Capsules, used to treat depression and anxiety disorders.
Power Finance: company subsidiary, PFC Consulting, incorporated ‘Alibag Power Transmission Ltd’ to develop a 765/400/220 kV transmission project at Dolvi, Maharashtra.
JSW Energy: commissioned India’s largest green hydrogen plant at Vijayanagar, Karnataka. It will supply 3,800 TPA green hydrogen and 30,000 TPA green oxygen to JSW Steel for low-carbon steel production.
Bajaj Auto: company subsidiary, BAIH, got EU approval to acquire Pierer Industrie’s 50.1% stake in Pierer Bajaj AG, gaining full control of KTM’s parent, Pierer Mobility AG.
Tata Power: will acquire a 40% stake for about Rs 1,572 crore in an Special Purpose Vehicle (SPV) with Druk Green Power to develop the 1,125 MW Dorjilung Hydro Power Project in Bhutan. The company’s net profit fell 1% year-on-year to Rs 919 crore in the July-Sept quarter.
ONGC: net profit rose 5% year-on-year to Rs 10,785 crore in the July-Sept quarter. Dividend declared: Rs 6 per share; record date: 14 Nov.
BSE: net profit rose 61% year-on-year to Rs 558 crore in the July-Sept quarter.
Bajaj Finserv: net profit rose 8% year-on-year to Rs 2,244 crore in the July-Sept quarter.
Adani Enterprises: company subsidiary, Adani Airport Holdings, sold a 25% stake in its unit World Plate Collective Cuisines to AJ Holding. It now retains a 75% share.
Bajaj Holdings: net profit rose 9% year-on-year to Rs 1,559 crore in the July-Sept quarter.
Bosch: net profit rose 3.3% year-on-year to Rs 555 crore in the July-Sept quarter.
Vodafone Idea (Vi): approved investing Rs 4.33 crore for a 26% stake in a new SPV with Shree MTK Textile to set up a renewable energy-based captive power plant.
Word of the Day
Central Bank Digital Currency (CBDC)
It is the digital form of a country’s currency issued and backed by a central bank
It works just like physical money but exists only in digital form. Unlike cryptocurrencies, CBDCs are fully regulated and have the same value as regular currency.
People and businesses can make payments directly using digital wallets, without needing a bank account.
Example: RBI has launched pilot projects for the e-rupee (digital rupee) in both wholesale and retail forms.
6 Day Course
Theme: bonds
Day 2: Tuesday
In case of bonds, the interest rate (also called the coupon rate) is determined based several factors. One the most crucial factors is risk.
It’s a negotiation — similar to how the price of anything is decided.
Low risk borrowers are able to get loans at lower interest rates. This means that bonds issued by them give lower returns. But they are also deemed lower risk.
Bonds issued by governments are considered extremely low risk.
The more stable the government, the lower the risk. Example: bonds issued by the US are considered lower risk than bonds issued by Australia even though both are considered extremely low risk.
Likewise, bonds issued by bigger more stable companies are considered lower risk than those issued by smaller companies.
This is similar to how shares of smaller companies and entities are considered more risky than those of larger companies.
Featured Question
“When we redeem in a mutual fund then does the capital gain applies to that particular mutual fund or all my mutual fund gains in a financial year in which I have invested.”
It applies only on the part you have withdrawn.
Let’s say you had invested Rs 1 lakh.
In 3 years, it became Rs 1.5 lakh. So the total gains are Rs 0.5 lakh.
This means that Rs 0.5 lakh are the gains = 33.33% of the current value
Now, let’s say you withdraw Rs 75,000 from this total. Then, we will have to take the same ratio as the gains.
So, 33.33% of Rs 75,000 = Rs 25,000
Therefore, in the above case, if you withdraw Rs 75,000, the gains will be Rs 25,000.
The tax would have to be paid on this gain of Rs 25,000.
The tax always applies on the gains that are being withdrawn and not the gain made but not withdrawn.
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