Vodafone Idea Soar 19% & More
- Share.Market
- 8 min read
- 01 Apr 2025
01 April 2025
Highlights
Market indices saw a sharp decline, ending the day over 1% lower. The Nifty 50 closed down 1.50%, while the BSE Sensex tumbled 1.80%. Nifty Media led sectoral gains, rising 2.24%. Among stocks, Vodafone Idea surged 19.12%, making it the top gainer, while UCO Bank fell 12.61%, the biggest loser of the session.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MediaNIFTY MEDIA | +2.24%+33.05 | 1508.30 |
 Nifty Oil & GasNIFTY OIL AND GAS | +0.08%+8.45 | 10558.15 |
 Nifty PSU BankNIFTY PSU BANK | -0.14%-9.00 | 6254.40 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | -2.45%-905.50 | 35980.65 |
 Nifty Consumer DurablesNIFTY CONSR DURBL | -2.50%-892.20 | 34760.00 |
 Nifty RealtyNIFTY REALTY | -3.11%-26.45 | 824.85 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Vodafone Idea Ltd.IDEA | +19.12%+1.30 | 8.10 |
 HBL Engineering Ltd.HBLENGINE | +8.30%+39.20 | 511.70 |
 Maharashtra Seamless Ltd.MAHSEAMLES | +7.67%+52.35 | 735.10 |
 Lemon Tree Hotels Ltd.LEMONTREE | +6.74%+8.65 | 137.06 |
 Sterling and Wilson Renewable Energy Ltd.SWSOLAR | +6.33%+15.85 | 266.20 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 UCO BankUCOBANK | -12.61%-4.50 | 31.20 |
 Ipca Laboratories Ltd.IPCALAB | -7.39%-111.05 | 1390.85 |
 Voltas Ltd.VOLTAS | -7.31%-106.65 | 1352.05 |
 Suven Pharmaceuticals Ltd.SUVENPHAR | -6.69%-76.95 | 1074.05 |
 360 One Wam Ltd.360ONE | -5.78%-54.50 | 888.15 |
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 03rd Apr) is 0.63
Top News of the Day
- India’s eight core industries grew by 2.9% in February 2025, down from 5.1% in January. This slowdown was mainly due to lower crude oil, natural gas, and refinery output, though sectors like fertilisers and cement showed growth.
- India’s GST collections have seen a nice boost! For March 2025, they rose by 9.9%, reaching ₹1.96 lakh crore. This is an improvement from February, when collections grew by 9.1% to ₹1.83 lakh crore, thanks to a solid rise in revenue from domestic sources.
- India’s finished steel imports from April to February rose by 15.8% to 8.98 million metric tons, with major imports from South Korea, China, and Japan. To curb this, a 12% safeguard duty on certain steel products has been recommended. Meanwhile, steel exports fell 33.7%, with Italy remaining the largest destination despite a 56.2% drop in shipments.
- Moody’s projects India’s growth to be 6.5% this fiscal, the highest among G-20 nations. Tax measures and monetary easing are key drivers. India’s strong domestic focus and financial buffers help it attract capital and withstand cross-border outflows better than many peers.
- India’s external debt rose 10.7% to USD 717.9 billion in December 2024, up from USD 648.7 billion a year earlier. The external debt to GDP ratio stood at 19.1%, with US dollar-denominated debt being the largest component.
- India and Japan have signed loan agreements worth 191.736 billion Japanese yen for six projects, including forest management, water supply, urban transport, and aquaculture. Key projects include the Tamil Nadu Investment Promotion Program (Phase 3), Delhi Mass Rapid Transport System (Phase 4), and Chennai Seawater Desalination Plant (II).
Market Highlights
Vodafone Idea shares jumped nearly 20% after the government converted ₹36,950 crore of outstanding spectrum dues into equity, raising its stake to 48.99%.
HBL Engineering surged after winning ₹762 crore worth of Kavach safety system orders from Central Railway.
Sterlite Technologies has completed the demerger of its global services business, which will now operate as STL Networks under the brand name “Invenia.” The move creates two focused entities—STL and STL Networks—aimed at driving growth and operational efficiency.
HAL bagged its largest-ever order from the Ministry of Defence worth ₹62,777 crore for 156 light combat helicopters.
UCO Bank shares reached a 52-week low of ₹31.20. Last week, the bank closed its ₹2,000 crore QIP, with major allocations to LIC and SBI-backed funds.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| MSTC | 02 Apr 2025 | 02 Apr 2025 | Interim Dividend | ₹4.50 |
| RailTel Corporation of India | 02 Apr 2025 | 02 Apr 2025 | Interim Dividend | ₹1.00 |
| United Spirits | 03 Apr 2025 | 03 Apr 2025 | Bonus issue | 1:1 |
