L&T's large order, LIC receives GST demand order & penalty, & more - Daily Digest

Monday, 15 September 2025

Groww Digest

Sep 15, 2025

Markets opened slightly above Friday’s closing point.

Nifty 50 stayed in a range and closed in red.

Realty stocks and PSU bank stocks rose the most today. Pharma stocks and IT stocks fell the most.

Global markets: US markets and Asian markets showed a mixed trend. European markets rose (as of 6 pm IST).

News

India’s merchandise trade deficit narrowed to $26.49 billion in August (vs $27.35 billion in July). Exports grew by 6.7% year-on-year while imports fell by 10.12%.
India’s unemployment rate reduced to 5.1% in August (vs 5.2% in July).
India’s wholesale inflation rose to 0.52% year-on-year in August (vs -0.58% in July).

Stocks Updates

L&T: won a large order (Rs 2,500 crore to Rs 5,000 crore) from National High Speed Rail Corp to build 156 km of high-speed track for the Mumbai-Ahmedabad bullet train project.
LIC: received a GST demand order of Rs 92.48 crore and a penalty of the same amount Rs 92.48 crore and interest for FY 2021-22 from Jharkhand authorities.
Dr Reddy’s: the US FDA completed a pre-approval inspection at the company's Bachupally, Hyderabad biologics plant, and issued 5 observations that need to be addressed.
TVS Motor: signed an MoU with ALT Mobility to deploy 3,000 electric 3-wheelers in FY 26 under a leasing partnership. TVS Motor will provide vehicles, while ALT Mobility will procure, lease, and finance them further.
Wipro: partnered with CrowdStrike to launch AI-powered CyberShield MDR, an enterprise-grade security service.
Adani Enterprises: received a Rs 4,081 crore letter of award to build a 12.9 km ropeway from Sonprayag to Kedarnath, under a 6-year PPP project.
NTPC Green: began commercial operation for 100 MW capacity which is a part of the 500 MW capacity of IRCON Renewable Power Limited.

Word of the Day

Exchange Traded Fund (ETF)

It is an investment fund that includes assets like stocks, bonds and commodities

In simple words, it measures the ups and downs of the investment as the market changes.

Unlike mutual funds, it can be traded in real time on the stock exchanges just like stocks.

Many ETFs try to follow a specific market index (example: Nifty 50, Nifty IT, etc). They are passively managed.

ETFs help you diversify your portfolio and generally have lower fees compared to actively managed mutual funds.

6 Day Course

Theme: dividend vs buyback
Day 1: Monday

Companies earn profits. Those profits belong to shareholders.

How is the profit of the company given to the shareholders?

Dividends and buybacks are two popular methods of doing so.

In this week’s course, we will understand how both of these profit sharing methods work, their advantages, and their disadvantages.

Dividends are simpler.

The board of the company decides the total income to re-invest in the company’s future, and then the amount to pay to shareholders as dividend.

Then, they calculate the dividend per share, and the date on which it will be given.

Dividends are usually announced along with the quarterly reports.

The dividend arrives in the shareholder’s bank account. A company can choose to not pay dividends if they feel the money is needed for the company’s future growth, paying debt, etc.