Finvezto Market Bytes, 04 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
🟢 Deep Industries received a 15-year contract award from ONGC for production enhancement operations at mature fields of the Rajahmundry asset.
🟢 Surya Roshni secured a ₹116.5 Cr order from GAIL to supply coated pipes, strengthening its position in the energy infrastructure sector.
🟢 Kirloskar Oil Engines secured a ₹270 Cr deal with Indian Navy for marine diesel engine development under the Make-I category, with the project sanction order signed in New Delhi.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Jupiter Wagons acquired land in Odisha for a Rail Wheel and Axle plant, with its subsidiary planning to invest ₹2,500 Cr over the next few years in phased development.
🟢 Nestle India will invest ₹900 Cr for a new manufacturing factory in Odisha, expanding its production capacity to meet growing consumer demand.
🟢 Zaggle Prepaid Ocean Services partnered with Thomas Cook to provide advanced tech-driven business solutions, enhancing corporate service offerings.
CORE BUSINESS & REGULATORY
🟢 Gabriel India commenced commercial production at its new manufacturing facility in MIDC Chakan, Pune, expanding operational capacity.
🟢 AMI Organics successfully commissioned a 10.8 MW DC solar power plant in Gujarat, advancing its sustainability initiatives and reducing operational costs.
🟢 Sai Life Sciences established a peptide research center in India, strengthening its R&D capabilities in specialized pharmaceutical ingredients.
🔴 Dabur India shares plummeted over 7% as Q4 update indicated flat consolidated revenue and decline in operating profit margin due to inflation and operating deleverage.
🔴 RBI issued a letter of 'displeasure' to Bajaj Finance for failing to identify customer risks in its co-branded credit card business, prompting the NBFC to halt new co-branded credit card sourcing with its banking partners.
OTHER
🔴 S&P 500 lost $2.4 trillion in market value, marking the biggest one-day loss since 2020, with the index ending down almost 5% after Trump's sweeping tariffs.
🟢 Pharma stocks gained on tariff exemption in US, with Nifty Pharma index rising 2.3% and major gains for IPCA Laboratories, Lupin, Sun Pharmaceutical, and Cipla.
🔴 Indian seafood exporters tanked as new tariffs threaten to significantly impact the shrimp export industry, with shares of companies like Avanti Feeds and Apex Frozen Foods falling up to 18%.
🟢 Rupee pared initial losses, strengthening to 85.43 per dollar as the dollar index fell to a six-month low of 101.5.
🟢 Gold prices climbed ₹200 to hit record high of ₹94,350 per 10 gm in Delhi
🔴 Silver prices plunged ₹3,000/kg to ₹96,917 per kg on MCX amid fears of demand slowdown due to Trump tariffs.
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.