Finvezto Daily Market Bytes, 01 Jan 2025
In today’s edition, we cover:
Key Stock Updates
Key Stock Updates
New Orders:
🟢 Dynacons Systems received Canara Bank's data center infrastructure project worth ₹280 Cr.
🟢 Indo Tech Transformers secured ₹117 Cr order for supplying 13 150-MVA transformers.
🟢 Kalpataru Projects International secured orders worth ₹1,011 Cr, taking YTD orders above ₹17,300 Cr.
🟢 RVNL emerged as L1 bidder for ₹137 Cr Central Railways traction substations project.
🟢 ITD Cementation secured ₹1,648 Cr Vadhavan Port construction contract.
🟢 Vishnu Prakash R Punglia received ₹7.3 Cr contract for FOB steel girders fabrication.
Partnerships/Investments/Acquisitions:
🟢 SJVN signed MoU with Bihar for 1,000 MW Hathidah Durgawati Pumped Storage Project worth ₹5,663 Cr.
🟢 LT Foods acquired remaining 17.5% in Nature Bio-Foods for ₹110 Cr.
🟢 Curefoods acquires Krispy Kreme's South and West operations.
Core Business Updates:
🔴 HUL ends Boost, Horlicks manufacturing agreement with Jagatjit Industries.
🔴 Thomas Cook reported cyber-attack, shits down website, investigating with security experts.
🟢 NPCI allows WhatsApp Pay UPI services for all users.
Regulatory/Compliance
🟢 CCI approves Authum's 72.8% stake buy in Prataap Snacks.
🔴 SEBI directs Kirloskar Industries to disclose 2009 family settlement.
Indian Economy
🔴 Rupee hits record low of 85.65 against dollar.
🟢 India's core sector output grew by 4.3% in November, touching a four-month high, up from 3.7% in October.
We wish you all a happy and prosperous New Year 2025. We are offering a 10% discount on our Research services today for Investors/Traders looking to kickstart your journey. This is the only time of the year we offer a discount. Do check our services below.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This daily update highlights market trends for your awareness. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.