Finvezto Market Bytes, 02 Apr 2025
I share the most important stock market related news I read everyday in a bite-sized format. No Noise. No Ads.
NEW ORDERS & PROJECTS RECEIVED
🟢 HAL secured Rs 62,700 crore contract from Defence Ministry for Light Combat Helicopters, with 90 for Indian Army and 60 for Air Force, manufactured at Tumakuru plant in Karnataka.
🟢 KEC International bagged orders worth Rs 1,236 crore from multiple clients, bringing their total FY25 order intake to a record Rs 24,600 crore, growing 36% year-on-year.
🟢 HBL Engineering won Rs 762 crore contract from Central Railway for Kavach system, bringing their total contract value this year to Rs 3,618 crore.
🟢 Kalpataru Projects received orders worth Rs 621 crore for buildings & factories and railway business in India.
🟢 NCC received work orders totalling Rs 5,773 crore in March from various State and Central Government agencies.
🟢 Ganesh Benzoplast Limited secured a ₹169.24 Cr order from JSW Jaigarh Port for engineering, design, manufacturing, and commissioning of a Chemical Tank Farm, including 11 chemical tanks, to be executed within 27 months.
🟢 Transrail Lighting Limited secured a ₹240 Cr order for construction of Transmission Line in international markets, closing FY 2025 with their highest-ever order inflows of around ₹9,400 Cr, more than double the previous year.
🟢 Newgen Software Technologies secured a domestic purchase order worth ₹17.51 Cr for license, implementation, and maintenance of LOS, Account Opening, and DMS systems, with a 5-year execution timeline.
🟢 Kernex Microsystems, as lead member of KERNEX-KEC CONSORTIUM, secured an ₹85.14 Cr contract from North Central Railways for KAVACH Train Collision Avoidance System on Bhuteshwar-Dholpur section, with 500-day completion period.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Vedanta oil arm signed agreement with Parker Wellbore for 2000 horsepower drilling rig to expand oil and gas exploration in India.
🟢 Zaggle Prepaid Ocean Services entered into an agreement with Truecaller International to offer Zaggle Save.
🟢 Godrej Aerospace partnered with 3D printing firm EOS to develop technical capabilities and production capacities for establishing robust additive manufacturing ecosystem for aviation and space supply chain.
🟢 Emcure Pharma subsidiary partnered with Italy's WiQo to sell skin tightening product in India.
CORE BUSINESS & REGULATORY
🟢 Maruti Suzuki reported total sales of 192,984 units in March 2025, up 3.1% year-over-year. Domestic passenger vehicle sales were 150,743 units, while exports grew significantly to 32,968 units. FY2024-25 total sales reached a record 2.23 million units.
🟢 Tata Motors reported flat domestic sales of 90,500 units in March 2025. Passenger vehicle sales rose 3% to 51,872 units, while commercial vehicle sales declined 3% to 41,122 units. EV sales dropped 21% to 5,353 units.
🟢 Hyundai Motor India reported total sales of 67,320 units in March 2025, up 2.6% year-over-year. Domestic sales were 51,820 units, while exports grew 23% to 15,500 units. SUVs contributed 68.5% of domestic sales.
🟢 SJVN unit successfully completed trial run under Phase I of Bikaner Solar Project, with plans to supply solar power to Rajasthan, Jammu & Kashmir, and Uttarakhand.
🟢 NHPC commenced commercial supply of 600 MW electricity from Parbati-II hydro project in Himachal Pradesh from April 1, 2025.
🟢 Raymond signed deal for Rs 5,000-crore Mumbai realty project through subsidiary Ten X Realty East Ltd for residential project in Wadala.
🟢 Morepen shares gained after receiving China's approval for anti-allergy API Loratadine, expanding their international market access.
🟢 GMR Airports shares rose 4% after AERA approved 148% tariff increase for Delhi Airport and implemented variable tariff plan principles.
🔴 Coal India produced 781 MT in FY25, missing its annual target despite strong production performance.
🔴 Godawari Power and Ispat suspended mining activities at Boria Tibu until receiving renewal approval from the Indian Bureau of Mines.
🔴 Swiggy received Rs 158-crore assessment order from Income Tax Department over alleged tax evasion on cancellation charges paid to merchants and interest income on tax refund.
OTHER
🟢 SEBI extended deadline for retail algo trading rules implementation to May 1, with full implementation from August 1.
🟢 GST collections rose 9.9% to Rs 1.96 lakh crore in March 2025, with net GST increasing 7.3% to Rs 1.76 lakh crore compared to same period last year.
🟢 Aviation Turbine Fuel price cut by steep 6.1% and commercial LPG rates reduced, providing relief to airlines and businesses.
🟢 Gold surged Rs 2,000 to all-time peak of Rs 94,150 per 10 gram.
🔴 US manufacturing activity shrank for first time this year with contraction in order backlogs and drop in bookings causing production decline.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes to understand more about the business. 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.