Finvezto Market Bytes, 03 Feb 2025
Welcome to Finvezto Market Bytes. We cover the most important stock news every market day in a bite-sized format. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS
🟢 HBL Engineering-Shivakriti Consortium secured ₹410.42 Cr order from Western Railway for installing way-side Kavach system on 402 km Ahmedabad-Palanpur and Ahmedabad-Samakhiyali sections, deliverable in 730 days.
🟢 NCC Limited secured ₹424.79 Cr order from Rail Infrastructure Development Company (Karnataka) in transportation division, with project duration of 24 months.
🟢 RailTel Corporation secured ₹104.16 Cr order from Maharashtra State Power Generation Company for IT Network Restructuring across nine plants and three offices, to be completed by January 2030.
🟢 Premier Explosives secured ₹26.40 Cr order from BrahMos Aerospace for Propellant Casting & Assembly of Boosters, to be delivered over 2 years by March 2027.
🟢 Marine Electricals secured ₹37.92 Cr order from DC Development Noida for designing, manufacturing and supplying LV skid system, with delivery scheduled over 10 months.
🟢 Sahaj Solar received ₹60.34 Cr contract from MSEDCL for designing and installing 2000 off-grid solar water pumping systems under Magel Tyala Saur Krushi Pump scheme, deliverable in 12 months.
🟢 Ganesh Green Bharat secured ₹78.79 Cr order from Solberry Energy for supplying 50 MW Solar PV Panel Modules (590 Wp) in Gujarat, to be completed by March 2025.
🟢 Aarvi Encon secured 3-year ₹38.43 Cr contract from Gujarat State Petronet for providing manpower supply services across different project sites and offices in India, effective January 2025.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Tata Power Renewable Energy signed MoU with Rajasthan Discoms to promote rooftop solar adoption through PM Surya Ghar Yojana.
🟢 Happiest Minds Technologies acquired Gavs Technologies' Middle East business for $1.7 million to expand customer relations and consolidate operations.
CORE BUSINESS
🟢 Hero MotoCorp's January total two-wheeler sales increased 2.13% YoY to 4.42 lakh units, with exports surging to 30,495 units from 12,664 units last year.
🟢 Eicher Motors' January motorcycle sales grew 20% YoY to 91,132 units, with international sales up 79% YoY at 10,080 units.
🔴 Coal India's January production declined 0.8% YoY to 77.8 million tonnes, though sales increased 2.2% YoY to 68.6 million tonnes.
🟢 MOIL's January manganese ore sales increased 17% YoY to 1.57 lakh tonnes, with production at 1.6 lakh tonnes.
🔴 Prestige Estates reported 38% decline in sales bookings to ₹10,066 crore during April-December period, with 3,618 units sold.
🟢 RIL's Reliance Retail introduced Chinese fast fashion label Shein in India after 5-year ban.
KEY COMPANY RESULTS Q3 FY25
REGULATORY
🟢 Lupin announced successful USFDA inspection closure at Somerset Facility with zero observations.
🔴 Quess Corp received GST demand of ₹111 crore for FY20-FY23 over input tax credit issues.
🔴 KEI Industries received GST demand order of ₹118.07 crore from Delhi tax authorities.
ECONOMY
🟢 I had posted my key takeaways from Budget 2025 yesterday. Do check it out.
This week, the RBI will be meeting for the Monetary Policy decision and it will be announced on Friday.
At Finvezto Stock Research (Anand Ganapathy, SEBI Registered RA), we offer the following services.
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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.