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Hyundai & Kia exit Ola Electric via ₹690 Cr block deals; Citigroup steps in. Stock sinks 8% amid weak Q4, rising losses, despite Ola’s FY26 profit hopes.

Hyundai sold 10.8 crore shares for Rs 552 crore, while Kia offloaded 2.7 crore shares amounting to Rs 138 crore.

Shares of Ola Electric Mobility are set to be in focus on Wednesday after Hyundai Motor and Kia Corporation fully exited their stakes in the EV maker via block deals worth a combined Rs 690 crore, with Citigroup emerging as a key buyer.

Hyundai Motor and Kia Corporation have divested their holdings in Ola Electric Mobility, selling shares worth Rs 690 crore in a significant block deal. This strategic exit marks a noteworthy shift for the electric vehicle sector in India. Hyundai sold 10.8 crore shares for Rs 552 crore, while Kia offloaded 2.7 crore shares, amounting to Rs 138 crore. In contrast, Citigroup Global Markets Mauritius acquired 8.61 crore shares at Rs 50.55 per share, investing Rs 437 crore in the company.

The share sale comes as the Bhavish Aggarwal-led firm faces multiple crises, marred by operational delays, weak demand and rising competition. Ola’s shares slumped 8.1% on Tuesday, the most in seven months. This pushed this year’s plunge to 42%, after a blockbuster listing in August.

Ola has also been under increased scrutiny over its method of counting vehicle bookings as well as seen raids and vehicle seizures by local transport officials for lapses in regulatory compliances. The scrip of Ola Electric Mobility declined 7.58 per cent to close at ₹49.61 apiece on the NSE.

Ola Electric Mobility has set its eyes on achieving profitability by the financial year 2026. According to the company, “FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability.The firm has made strides in improving its financial metrics, with gross margins increasing by 38% in FY25

“Investments in the securities market are subject to market risks.”

Go Fashion shares: Motilal Oswal referred to Go Fashion, the company behind the ‘Go Colors’ brand, as a trailblazer and market leader in the women’s bottom wear segment, commanding an 8% share of the organized market.

Shares of Go Fashion (India) Ltd rose five per cent in Tuesday’s trade after domestic brokerage Motilal Oswal Financial Services Ltd (MOFSL) initiated coverage with a ‘Buy’ rating, setting a target price of Rs 1,127. The price target implies a potential upside of thirty-one per cent from Monday’s closing level.

Go Fashion shares are down 22 per cent over the past six months. The stock currently trades at 34 times its estimated FY27 earnings per share (EPS), while MOFSL has valued it at 45 times FY27E EPS to arrive at its target price.

In intraday trade, the stock climbed as much as 5.09 per cent, hitting a high of Rs 904.50.

“GOCOLORS is well-positioned to leverage its leadership in the women’s bottom-wear segment and its direct-to-consumer (D2C) model. With operations in 180 cities, the company still has significant expansion potential. The brokerage is projecting a 16% compound annual growth rate (CAGR) in revenue from FY25 to FY28, driven by an 18% CAGR in exclusive brand outlets (EBOs) and online channels.”

Although Go Fashion’s gross margin may decline by one hundred and thirty basis points due to the pass-through of raw material cost benefits, MOFSL expects operating leverage to support a one hundred and thirty-five basis point improvement in EBITDA margin, taking it to eighteen point two per cent.

“The success of GOCOLORS can be attributed to: 1) its exclusive focus on women’s bottom-wear, a structurally underserved category, which has enabled the company to build deep domain expertise, high product variety, and strong brand recall; and 2) its early shift to the Exclusive Brand Outlet (EBO) model, which provided full control over pricing, merchandising, and consumer experience.”

This focused strategy has helped GoColors expand its brand-driven retail presence not only in metro areas but also in Tier 2 and Tier 3 cities, thereby strengthening its leadership in the high-repeat, functional apparel segment.

“Investments in the securities market are subject to market risks.”

Apollo Hospitals net profit for Q4FY25 stood at Rs 389.7 crore, up from Rs 253.8 crore in the same quarter last year.

Shares of healthcare and diagnostics player Apollo Hospitals Enterprise Ltd rose on Monday, June 2, after posting a strong earnings show for the quarter ended March 31, 2025.

The firm reported a 54 percent year-on-year rise in consolidated net profit for the fourth quarter of FY25, driven by robust growth across its healthcare services, diagnostics, and digital health platforms. The company also announced a major expansion plan and a final dividend of ₹10 per share.

Net profit for Q4FY25 stood at Rs 389.7 crore, up from Rs 253.8 crore in the same quarter last year. Revenue rose 13 percent YoY to Rs 5,592.3 crore, while EBITDA grew 20 percent to Rs 769.9 crore, with margins improving despite continued investments in Apollo 24/7.

Apollo announced a rs 8,000 crore investment plan to add over 4,300 beds across India over the next 4 years, including a 700-bed expansion in Bengaluru. The company aims to commission new hospitals in Pune, Kolkata, Hyderabad, and Delhi NCR beginning FY26.

Dr. Prathap C Reddy, chairman, Apollo Hospitals Enterprise, said: “At Apollo, our mission has always gone beyond treating illness-it is about enabling every individual to live a healthier, happier life. FY25 was a defining year. With revenues crossing approximately Rs 20,000 crore and Healthcare Services surpassing around Rs 11,000 crore, we are humbled by the trust placed in us across India and beyond.

Apollo Hospitals Enterprise Ltd: The company recommended that the company’s shareholders get a final dividend of about 10/-per equity share (200%) of the face value of about 5/-per share for FY2024–2025.

At the Apollo Hospitals subsequent Annual General Meeting (AGM), the shareholders must approve the dividend that the board of directors has recommended.

“Investments in the securities market are subject to market risks.”

JM Financial has issued a Buy call for Zinka Logistics Solutions, setting a target price of Rs 590, indicating a 28% upside from the current market price of Rs 453.4. The company’s revenue has grown significantly, achieving profitability and projecting strong future growth with a 33%+ revenue CAGR and expanding EBITDA margins.

JM Financial has a Buy call on Zinka Logistics Solutions with a target price of Rs 590. The current market price of Zinka Logistics is Rs 453.4. The time period given by the analyst is a year when Zinka Logistics Solutions price can reach defined target. Zinka Logistics, incorporated in 2015, is a Small Cap company with a market cap of Rs 7921.21 crore, operating in the Logistics sector.

Financials For the quarter ended 31–03–2025, the company has reported a Consolidated Total Income of Rs 136.76 crore, up 11.03% from last quarter Total Income of Rs 123.18 crore and up 47.54% from last year same quarter Total Income of Rs 92.69 crore. The company has reported net profit after tax of Rs 280.17 crore in the latest quarter.

The company’s top management includes Mr.Rajesh Kumar Naidu Yabaji, Mr.Chanakya Hridaya, Mr.Ramasubrama Balasubramaniam, Mr.Anand Daniel, Mr.Kaushik Dutta, Mr.Niraj Singh, Ms.Hardika Shah, Mr.Rajamani Muthuchamy. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31–03–2025, the company has a total of 18 crore shares outstanding.

Investment Rationale BlackBuck’s (parent company Zinka Logistics Solution) revenue has grown at FY22–25 CAGR of 53%, roughly 3.5x in 3 years. Moreover, the company turned adjusted EBITDA profitable in H2FY24 and has maintained the trajectory to turn PAT positive this quarter. JM Financial forecasts that the company to maintain the momentum with 33%+ FY25–27 Revenue CAGR and Adj. EBITDA margin reaching 39%, effectively delivering incremental EBITDA margin of 58% over the coming 2 years. They value the company using DCF-based valuation, resulting in Mar?26 target price of Rs 590, 28% upside at CMP. The brokerage maintains ?BUY? and believe this to be a robust compounding story with significant optionality if the company manages to crack the large opportunities in Load Brokerage or Vehicle Financing businesses.

Promoters held 27.7 per cent stake in the company as of 31-Mar-2025, while FIIs owned 11.59 per cent, DIIs 10.26 per cent.

“Investments in the securities market are subject to market risks.”

Infosys shares experienced a surge, climbing 2.3% to Rs 1,609, as investors rushed to secure the stock before it went ex-dividend. The final dividend of Rs 22 per share has a record date of May 30, making May 29 the last day to buy shares to qualify. The total dividend for FY25 will be Rs 43 per share.

Shares of Infosys Ltd rose as much as 2.3% to Rs 1,609 on Thursday, as investors scrambled to buy the stock before it turns ex-dividend on Friday. With the company’s record date for its final dividend of Rs 22 per share set for May 30, Thursday marks the last chance for investors to acquire shares and become eligible for the payout.

IT stocks in focus today: Domestic technology stocks came under the bulls’ radar in Thursday’s session, May 29, after being beaten down in the last couple of trading sessions. The selling in IT stocks had also exerted pressure on the front-line indices.

The renewed interest lifted all stocks in the Nifty IT pack into the green, with LTIMindtree, Persistent Systems, Infosys, and Wipro emerging as the top gainers, jumping up to 3.5% in intraday trade.

Consequently, the Nifty IT index rose nearly 2% to the day’s high of 38,121 and was set to end May with a gain of 5.4%, snapping its four-month losing streak.

A Look Back: How Trade Rules Have Affected IT Stocks

Indian IT sector stocks have often reacted a lot to trade rules. For example, in February 2025, TCS and Infosys saw drops of up to 3.5% after the U.S. government said it would match tariffs.

India’s taking action to address trade issues with the U.S. by making some big changes. One of the key steps involves scrapping the 6% “Google tax” on internet advertising. This tax put in place in 2016, was aimed at overseas tech firms doing business in India without a physical office there. By getting rid of it, India might be hoping to influence U.S. choices on tariffs.

What’s Next for Investors?

Short-Term Volatility: Today’s gains signal positivity, but uncertainty lingers. IT stocks might fluctuate as the situation unfolds.

Long-Term Outlook: Indian IT’s future depends on trade dispute outcomes and global economic trends. Companies with diverse clients and flexible strategies could better handle these challenges.

As U.S. tariffs loom Indian IT companies aim to balance their optimism about monetary policy with caution about possible trade barriers. The coming weeks will prove crucial to determine the sector’s ability to adapt to these global economic shifts.

“Investments in the securities market are subject to market risks.”

Steel Authority of India recorded an 11% rise in its Jan-Mar quarter net profits. The Maharatna PSU also announced a final dividend issue of ₹1.6 per share. Shares closed higher ahead of the results announcement on Wednesday, 28 May 2025.

Shares of Steel Authority of India Limited (SAIL) jumped 2.2% to their intraday high of Rs 131.8 on the NSE on Thursday after the company reported an 11% year-on-year (YoY) rise in consolidated net profit for Q4FY25 at Rs 1,251 crore, compared with Rs 1,125 crore in the same quarter last year. The profit is attributable to the owners of the parent company.

SAIL Final Dividend Issue

Steel Authority of India’s board of directors on Wednesday announced a final dividend issue of ₹1.6 per share for the financial year ending 2024–25 of the face value of ₹10 apiece.

This means that every eligible shareholder will receive a final dividend of ₹1.6 per share for every share they own in the PSU steel manufacturer.

Revenue was up 20 percent QoQ to Rs 29,316 crore in Q4FY25 from Rs 24,490 crore in Q3FY25. On the operational front, the company’s Ebitda grew 72 percent QoQ to Rs 3,484 crore in Q4FY25, while margins expanded by 370 basis points (bps) QoQ to 12 percent.

“The Board of Directors have recommended the Final Dividend @ ₹1.60 per equity share of ₹10 each for the Financial Year 2024–25 (16% of the paid-up equity share capital of the Company),” said SAIL in its exchange filing.

According to the exchange filing, the final dividend will be paid within 30 days from the date of approval at the upcoming shareholders’ meeting.

SAIL Share Price

SAIL: Recent Updates

Last week, a senior government official said that the Steel Ministry was mulling the formation of a separate vertical at SAIL with a focus on mining operations for boosting the production of iron ore.

SAIL aims to scale up its overall installed capacity to 35 million tonnes per annum (MTPA) by 2030. Iron ore is a key raw material used in the manufacturing of steel through the blast furnace route.

SAIL, under the administrative control of the Ministry of Steel, is India’s third-largest iron ore producer, with a network of 15 iron ore mines in the states of Jharkhand, Odisha and Chhattisgarh. The company also has four coal mines and three flux mines.

“Investments in the securities market are subject to market risks.”

Multibagger stocks: Defense stocks that give multibagger returns are once again witnessing a huge surge today. The company’s stock has seen a surge of more than 2000% in the last 5 years. This stock has given a return of 21% in 5 years.

Defense sector’s multibagger stock Apollo Microsystems is witnessing a tremendous rise today, 28 May. On Wednesday, this stock was seen trading with a gain of more than 15%. Such a big rise in this stock has come after receiving a big order. The company has received an order of Rs 113.81 crore on Wednesday. The company said in an exchange filing on Wednesday that it has received an export order of $13.36 million (about ₹113.81 crore).

This order has been received to build an avionic system, which will be used in civil and military aircraft. However, the company did not give much information about it, as it is a sensitive project and technical and program details are confidential due to the Non-Disclosure Agreement (NDA) with the customer.

Defense sector’s multibagger stock Apollo Microsystems is witnessing a tremendous rise today, 28 May. On Wednesday, this stock was seen trading with a gain of more than 15%. Such a big rise in this stock has come after receiving a big order. The company has received an order of Rs 113.81 crore on Wednesday. The company said in an exchange filing on Wednesday that it has received an export order of $13.36 million (about ₹113.81 crore).

This order has been received to build an avionic system, which will be used in civil and military aircraft. However, the company did not give much information about it, as it is a sensitive project and technical and program details are confidential due to the Non-Disclosure Agreement (NDA) with the customer.

Recently the company made a big deal Earlier this month, Apollo Microsystems bought 100% stake in IDL Explosives Ltd. for Rs 107 crore. It was an all-cash deal. IDL Explosives manufactures and supplies packaged and bulk explosives for mining and infrastructure projects.

How have the company’s results been?

Last week Apollo Micro released its results. In the financial year 2025, the company’s revenue grew 19% from last year, and the margin also increased by 100 basis points. At the end of the year, the company’s order book was Rs 615 crore, which was Rs 550 crore at the end of the December quarter.

What did the management say after the results?

After the release of the March quarter results, the company’s management said that their income is expected to grow at a rate of 45% to 50% CAGR in the next two years. The management expects their order book to triple by the end of the year. The company also expects to get large orders of Quick Reaction Surface to Air (QRSAM) from Bharat Dynamics in the next two quarters.

Defense stock giving tremendous returns

After the news of the order, Apollo Microsystems shares were seen trading at Rs 179.88 per share with a gain of 15.45%. In the last one month, this stock has grown by 56%. During the last two years, the stock has seen a huge rise of about 425%. This means that in 2 years this stock has given 5 times return to the investors. This return is 1450% in 3 years and more than 2000% in 5 years.

“Investments in the securities market are subject to market risks.”