Finvezto Market Bytes, 07 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
🟢 KSB received two letters of award: a ₹14 Cr solar water project from Tripura Renewable Energy Development Agency and a ₹49 Cr project from Maharashtra State Electricity Distribution.
🟢 Afcons Infra secured Raghavpur Multipurpose Project from Narmada Valley Development Authority, including dam construction and 25MW powerhouse on Narmada River.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 ITC acquired 2.62 lakh equity shares of Ample Foods for ₹131 crore, raising its stake to 43.75%. This move strengthens ITC's presence in India's growing frozen and ready-to-eat food market.
🟢 Delhivery to acquire Ecom Express for ₹1,407 crore, acquiring at least 99.4% of issued share capital to strengthen logistics capabilities.
🟢 NCLT approves Nirma Group's Nuvoco Vistas bid to acquire Vadraj Cement for ₹1,800 crore, positioning Nuvoco as fifth-largest cement maker in India.
🟢 TVS Motor to integrate ION Mobility's assets, intellectual property, and talent to strengthen its electric vehicle presence in Southeast Asia.
CORE BUSINESS & REGULATORY
🟢 Godrej Industries will develop a project in Versova, Mumbai, with estimated revenue of ₹1,350 Cr, enhancing their real estate portfolio in premium locations.
🟢 Endurance Technologies will receive ₹606 crore in incentives from the Maharashtra government under the Package Scheme of Incentives, supporting future expansion plans.
🟢 Bajaj Auto reports EVs now constitute 25% of company's domestic revenue, indicating successful scaling of electric vehicle business division.
🟢 Paytm introduces Travel Pass offering free flight cancellations, travel insurance, and seat booking discounts for subscribers enhancing customer loyalty programs.
OTHER
🔴 U.S. stock market plunged over two days, with the Dow losing nearly 4,000 points (9.5%) and the Nasdaq entering bear territory, as Trump tariffs fueled global recession fears and trade tensions escalated.
🔴 GIFT NIFTY down over 900 points, indicating gap down opening for Nifty.
🔴 Oil tumbled 8% to lowest level since 2021 due to new US tariffs.
🔴 Silver hits over eight-week low as market frets about industrial demand due to recession fears due to US President Trump's tariffs.
🟢 Tata Motors demerger: Shareholders to vote on May 6 on restructuring commercial and passenger vehicle businesses to create focused operational entities.
🟢 Tata Capital files draft papers for ₹18,000 crore IPO through confidential pre-filing route, potentially becoming India's fourth-largest IPO ever.
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.