Finvezto Market Bytes, 07 Mar 2025
I share the most important stock market related news I read everyday in a bite-sized format. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS RECEIVED
🟢 Kalpataru Projects International Limited (KPIL) secured new orders worth ₹2,306 Cr in Transmission & Distribution business in overseas markets and Building projects in India.
🟢 RailTel secured a ₹262.33 Cr work order from State Transport Authority Odisha for Unified Command Control Centre & Intelligent Enforcement Management System.
🟢 Power Grid Corporation of India (POWERGRID) declared successful bidder for "Transmission System Strengthening at Kurnool-III PS" project in Andhra Pradesh under Tariff Based Competitive Bidding on BOOT basis.
🟢 Rail Vikas Nigam Limited (RVNL) received Letter of Acceptance from South Western Railway for ₹156.35 Cr EPC project for OHE & PSI system between Rayadurga and Topavagada, to be completed in 18 months.
🟢 RITES received Letter of Acceptance worth ₹27.96 Cr from South Central Railway for Final Location Survey for High Speed Elevated Rail Corridor between Hyderabad-Benguluru and Hyderabad-Chennai, to be completed in 8 months.
🟢 Network People Services Technologies Limited (NPST) received purchase order from Kerala Gramin Bank and Karnataka Gramin Bank for providing UPI Services on OPEX model for three years starting January 2025.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Laurus Labs to invest ₹83 crore in KRKA Pharma, a joint venture with Slovenia's KRKA d.d., to acquire land and establish a manufacturing facility for finished products.
🟢 Garuda Aerospace invested in defence drone start-up Zuppa to strengthen their position in the drone technology sector.
CORE BUSINESS & REGULATORY
🟢 Blue Star will invest ₹400 Cr in fiscal 2026 to expand AC manufacturing capacity, allocating ₹200 Cr to third phase of Sri City plant to increase room AC capacity by 12 lakh units.
🟢 IndiGo announced non-stop long-haul flights to Manchester and Amsterdam starting July.
🟢 Birla Opus Paints aims to gain 6-8% market share by March through attractive schemes/discounts for dealers and consumers.
🟢 Wipro launched AI-first platform TelcoAI360 to help telecom sector cut costs by streamlining operations, improving network performance, and strengthening security.
🔴 Britannia Industries Chief Executive Officer Rajneet Singh Kohli resigned after joining the company's executive leadership and board as CEO on September 26, 2022.
MARKET MOVES
🟢 Paint, Aviation, and OMC stocks jumped up to 5% as Brent crude hit 3-year low, benefiting industries where crude oil is a major input cost.
🟢 Castrol India shares soared 11% as Saudi Aramco eyes BP's lubricant business, with potential acquisition of Castrol brand driving investor interest.
🔴 Auto Sector stocks topped FPIs' sell list in second half of February with outflows of ₹3,279 Cr after ₹690 Cr in the first half.
ECONOMY & OTHER
🔴 Rupee slipped to 87.12 despite fall in dollar index, with forward premiums dropping.
🔴 Dow Jones crashed over 400 pts with Nasdaq and S&P down 1.3%, chip stocks led selloff.
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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.