BSE 52 Weeks High Stocks Today

The ARPU was up 4.2% QoQ at ₹ 203.3, led by the residual flowthrough of the ARPU hike (13-25% hike taken from July) as well as 2 mn of broadband subscriber addition driven by JioAirFiber. The SIM consolidation led churn post tariff hike normalised as the company added 3.3 million (mn) subs vs. loss of 10.9 mn subs in Q2. The subscriber base stood at 482.1 million.  The revenues and EBITDA stood at ₹ 29307 crore / ₹ 15478 crore, up by 3.4% and 2.9% QoQ, respectively. The margins stood at 52.8%, down 25 bps QoQ. The PAT at ₹ 6477 crore, was up 3.9% QoQ. Jio Platforms reported a topline of ₹ 33074 crore, up 4.3% QoQ. EBITDA Margins at 49.5%, down 10 bps QoQ.

According to AEPC ( Apparel Export Promotion Council), India's apparel exports surged by 11.6 per cent to USD 11.31 billion during April-December of this fiscal year due to robust growth in markets including the US, UK, and Germany. The positive trend signifies a strategic moment for India to enhance its global market presence and attract foreign investment. The long term outlook for Indian apparel exports remains positive, largely on account of improved product acceptance, adaptility to changing consumer trends and improving factory compliances.

AIA Engineering will establish Hi Chrome media manufacturing facilities in China and Ghana under VEGA Industries (Middle East) FZC, UAE (VEGA ME). Each facility will require ~₹430 crore investment over the next 3 years and will have a capacity of 50,000 metric tonnes per annum. The company has informed that VEGA ME is also evaluating Indonesia and other geographic locations for setting up similar manufacturing facilities.

Ministry of Defence (MoD) has signed a contract with Bharat Dynamics (BDL) for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy at a cost of approximately Rs 2,960 crore. The MRSAM system is a standard fit, onboard multiple Indian Naval Ships and is planned to be fitted on the majority of the future platforms planned for acquisition. The contract marks a critical milestone in the ongoing efforts to bolster India’s defence capabilities and indigenise advanced military technology.

AIA Engineering has completed setting up of Rubber and Composite liners plant at GIDC, Kerala, Ahmedabad, Gujarat. The plant has started commercial production. 

Axis bank reported subdued performance in Q3FY25 with elevated delinquencies impacting growth and earnings. Advances grew 8.8% YoY (1.5% QoQ) to ₹10,14,564 crores, underperforming industry growth, with retail loans growing at 11% YoY (earlier 14% YoY), SME at 14%YoY (earlier 15% YoY) and corporate loans stable at 3%. Deposit accretion was at ~9.1% YoY (1% QoQ) to ₹10,95,883 crores, supported by term deposit growth of 14% YoY (3% QoQ). NII grew by 9% YoY (1% QoQ) to ₹13,606 crore, while NIMs compressed by 6 bps QoQ to 3.93%. Other income grew 7.5% YoY but declined by 11.2% amid lower disbursement. Opex declined 5% QoQ due to reduction in employee cost. Provisions continued to remain elevated at ₹2,204 crores, impacting earnings momentum. PAT came in at ₹6,304 crore, registering a 4% YoY rise but a 9% QoQ decline, with ROA at 1.64%. GNPA stood at 1.46%, marginally up from 1.44% QoQ.