Finvezto Daily Market Bytes, 11 Dec 2024
In today’s edition, we cover:
Quick Commerce Battle Intensifies
MF Investments Decline in November
LIC's Portfolio Moves
Honda's Electric Debut
T+0 settlement
Google Challenges Indian Maps Players
Key Stock Updates
Here’s a quick market snapshot before we start. GIFT Nifty indicates a flat start for the Indian Markets.
Quick Commerce Battle Intensifies
Amazon pilots 15-minute delivery service “TEZ” in Bengaluru for groceries and essentials, joining 5 existing players in India's Q-Commerce market.
Q-Commerce model involves product delivery within 10-15 minutes and is increasing in popularity in India.
Q-Commerce generates $6 billion in annual sales, dominated by BlinkIt, Swiggy, and Zepto across 12+ cities. Amazon enters as the 6th major player, targeting rapid expansion.
Myntra and Flipkart have also recently entered this space.
Quick commerce in India is projected to grow sixfold to $27 billion by FY27, according to CLSA.
MF Investments Decline in November
Mutual fund inflows dropped to ₹35,943 crore in November from ₹41,887 crore in October.
Assets under management (AUM) grew to record high of ₹68.08 lakh crore from ₹65.25 lakh crore despite reduced inflows.
SIP contributions dipped marginally to ₹25,320 crore.
Thematic funds continue to lead inflows at ₹7,658 crore in November.
Here is the link to the AMFI report.
LIC's Portfolio Moves
LIC increases shareholding in Asian Paints from 5% to 7% through open market purchases at an average price of ₹2,891.25 per share. The acquisition was completed between Jan 1 - Dec 9, 2024.
LIC reduced Lupin holdings to 2.5% by selling 92 lakh shares from 4.6% stake. The sale was executed between Sep 30 - Dec 6, 2024
LIC also picked up 2.47 lakh shares in Hindalco for ₹16.35 crore, increasing stake by 0.01%.
T+0 Settlement
SEBI expands T+0 settlement option from 25 to 500 stocks based on market capitalization with implementation starting Jan 2025.
The rollout begins with bottom 100 companies, adding 100 stocks monthly until all 500 are covered.
Stock brokers can charge different fees for T+0 and T+1 settlements within regulatory limits.
T+0 settlement ensures Investors gain quicker access to funds, allowing for faster reinvestment and increased market liquidity.
Honda's Electric Debut
Honda introduces its first electric scooters in India - Activa e: with swappable batteries and QC1 with fixed battery pack.
Activa e: features dual 1.5 kWh swappable batteries with a 102 km range and 80 kmph top speed.
QC1 comes with a single 1.5 kWh fixed battery offering 80 km range and 50 kmph top speed.
Battery swapping stations are operational in Bengaluru and Delhi, with Mumbai expansion planned.
Manufacturing begins at Honda's Narsapura facility near Bengaluru. Bookings open Jan 1, 2025, with deliveries starting Feb 2025.
Maps Battle Intensifies In India
Google announces free access to Maps APIs worth $6,800 monthly for Indian developers starting March 2025.
The move follows July's 70% price reduction by Google in India for APIs.
This poses challenges for MapMyIndia and Ola Maps in the growing digital Maps space.
Ola Maps had previously countered Google's July price cuts by offering APIs at half the rate.
The decision impacts Maps, Routes, Places APIs while Maps Embed API and Maps SDK remain free.
Key Stock Updates
New Orders
NTPC Renewable Energy won 2,000 MW solar project bid from Solar Energy Corp
Australian Premium Solar secured ₹56.53 crore domestic solar panels order
Saakshi Medtech won ₹250 crore EV panels supply contract from Mahindra
Tantia Constructions got ₹23.25 crore railway overbridge contract from Braithwaite
NBCC received ₹432 crore Net Zero campus contract from Central University Odisha
Solex Energy got ₹29.01 crore order for 20 MW solar modules
Kellton Tech secured $2.5 million Wellhead Monitoring project from Oil India
HG Infra won ₹763.1 crore NH-227B upgrade project in Uttar Pradesh
Partnerships, Investments & Acquisitions
LTIMindtree partners with GitHub for enterprise innovation and AI transformation capabilities
Allied Blenders acquiring Minakshi Agro Industries as wholly-owned subsidiary
Tejas Networks collaborates with Vodafone Idea for 4G/5G backhaul
Lumina Datamatics acquires controlling stake in TNQTech for publishing technology
Core Business Updates
Sarveshwar Foods implements soil mapping for sustainable organic farming practices
At Finvezto Stock Research, we offer the following services.
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.