US Fed rate cut, ITC profits up 3%, Swiggy losses up 74%, & more — Groww Digest
Thursday, 30 October 2025
Markets opened above yesterday’s closing point.
Nifty 50 rose throughout the day. The rise may have been driven by optimism over renewed hopes of a India-US trade deal after Trump made positive remarks about India. The positive sentiment was further supported by expectations of a US Fed rate cut, which is due later today.
All sectors’ stocks rose today except for auto stocks. Oil and gas stocks and metal stocks rose the most.
Global markets: US markets and Asian markets rose. Most European markets rose (as of 6 pm IST).
News
The US Fed cut its benchmark interest rate by 0.25% to a range of 3.75% to 4%.
The US granted India a 6 month sanction exemption to continue developing Iran’s Chabahar Port, despite the US’s broader sanctions on Iran: Ministry of External Affairs.
Orkla IPO has been subscribed 2.70 times. Retail subscription: 2.11 times. IPO closes tomorrow (31 Oct).
Groww announced a price band of Rs 95 - Rs 100 per share for its upcoming IPO, which will open on 4 Nov and close on 7 Nov. The listing date is 12 Nov. The IPO includes a fresh issue of Rs 1,060 crore and an offer-for-sale of 55.72 crore shares.
Note: We will not be covering news about this IPO for legal/conflict-of-interest reasons till the listing date on 12 Nov 2025#
Stocks Updates
Reliance: partnered with Google to offer free Google AI Pro access to Jio users and collaborate on AI solutions.
Bank of Baroda: company’s Australia branch raised AUD 125 million through a 1-year syndicated term loan facility.
TCS: incorporated a wholly owned subsidiary, HyperVault AI Data Center Ltd, to build AI and data centers.
Bharat Electronics: received orders worth Rs 732 crore including Software Defined Radios (indigenously developed), tank sub systems, communication equipment, missile components, etc.
Airtel: company subsidiary, Nxtra Data, acquired a 35% stake in AMPIN Energy C&I Sixteen for Rs 5.19 crore to develop a 13.2 MW solar power plant in Maharashtra.
Adani Ports: clarified it signed 2 non-binding MoUs with JNPT to explore Vadhavan Port projects and has made no binding investment commitment yet.
Tata Steel: filed a writ petition in the Orissa High Court challenging a Rs 2,410.90 crore demand from the Mines Department over alleged shortfall in chrome ore dispatch from its Sukinda mine.
L&T: partnered with Hitachi Energy to secure a major role in TenneT’s (a Dutch German transmission system operator) North Sea offshore wind HVDC program. The company will supply HVDC converter stations.
ITC: net profit rose 3% year-on-year to Rs 5,126 crore in the July-Sept quarter.
Adani Power: net profit fell 11% year-on-year to Rs 2,953 crore in the July-Sept quarter.
Hyundai Motor: net profit rose 14% year-on-year to Rs 15,723 crore in the July-Sept quarter.
Cipla: net profit rose 4% year-on-year to Rs 1,351 crore in the July-Sept quarter.
Canara Bank: net profit rose 16% year-on-year to Rs 4,850 crore in the July-Sept quarter. Interest income rose 6% to Rs 32,072 crore. Net NPAs fell to 0.54% (from 0.99% last year).
Union Bank: net profit fell 7% year-on-year to Rs 4,426 crore in the July-Sept quarter. Interest income fell 1% to Rs 26,665 crore. Net NPAs fell to 0.55% (from 0.98% last year).
Swiggy: net loss rose 74% year-on-year to Rs 1,092 crore in the July-Sept quarter.
Dabur: net profit rose 6% year-on-year to Rs 452.55 crore in the July-Sept quarter. Dividend declared: Rs 2.75 per share; record date: 7 Nov.
Aditya Birla Capital: net profit fell 15% year-on-year to Rs 855 crore in the July-Sept quarter.
NTPC Green: net profit rose 130% year-on-year to Rs 88 crore in the July-Sept quarter..
Word of the Day
Dilution
It means the fall in the ownership percentage of shareholders when a company issues new shares
Example: in a company, you own 10 out of the total 100 shares. This means you own 10% of the shares.
If the company issues 100 more shares, there are now 200 shares in total. You still own the same number of shares but your ownership percentage drops to 5%.
Stock dilution can happen when a company raises more money from new investors, gives shares to employees (ESOPs), or issues shares during mergers and acquisitions.
Dilution reduces voting power. It may also reduce the value of each share in the short term.
6 Day Course
Theme: red flags while choosing stocks
Day 4: Thursday
People and reputation.
One of the most glaring red flags is when the people running a company cannot be trusted.
A promoter or senior executive who has a history of being unreliable is usually a big red flag.
Many times, such people who lack reputation can easily tamper records and accounts and make them look legitimate.
So even if a company’s numbers look good, the company itself might be terrible.
On similar lines, senior executives leaving the company all of a sudden is never a good sign.
This is even more true if a high number of executives leave in quick succession.
Features Question
“Do Capital employed and market cap are same?”They both are different.
Capital employed: it is the total assets used by a company to generate its revenue and profits.
This is after removing its liabilities.
So, let’s say a company’s total assets are worth Rs 100 crore (including cash, equipment, real estate, etc).
And it has to pay Rs 10 crore as its dues for a loan.
So, the total capital employed will be Rs (100 - 10) = Rs 90 crore.
Market cap or m-cap: it is the total value of all the shares of the company.
Say one share of a company costs Rs 100.
And the total shares of a company is 2 crore.
So the market cap of the company = Rs (100 x 2 crore) = Rs 200 crore.
It is often referred to as the size of the company. It changes daily as the share price also changes daily.
Disclaimer
#The disclosures made through our platform are for information purposes only, and do not constitute an invitation or offer or an invitation to offer to acquire, purchase or subscribe to the equity shares of Billionbrains Garage Ventures Limited (“Company”). Any potential investors should note that investment in equity shares involves a high degree of risk and should rely on their own examination of the red herring prospectus filed by the Company, containing the details of the initial public offering, including the risks involved, before making any investment decision. The red herring prospectus filed by the Company shall be available on the website of the SEBI at www.sebi.gov.in, the websites of the Stock Exchanges at www.bseindia.com and www.nseindia.com, respectively, the website of the Company at www.groww.in and the website of the BRLMs, i.e. Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and Motilal Oswal Investment Advisors Limited at https://investmentbank.kotak.com, www.jpmipl.com, www.citigroup.com/global/aboutus/globalpresence/india/regulatory-disclosures-investment-banking, www.axiscapital.co.in and www.motilaloswalgroup.com respectively.
The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The Equity Shares have not been and will not be registered under the US Securities Act of 1933 (“U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws.
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