Finvezto Market Bytes, 10 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
🟢 Inox Wind Limited secured a large 153 MW order from a leading renewable energy developer for supplying 3 MW class turbines in Tamil Nadu, including limited scope EPC and multi-year O&M services post-commissioning.
🟢 J. Kumar Infraprojects Limited received a ₹120.87 Cr letter of award from Mumbai Railway Vikas Corporation Limited for construction of bridges, drains, and earthwork between Borivali-Virar stations under Mumbai Urban Transport Project.
🟢 RailTel Corporation of India secured a ₹47.50 Cr order from East Central Railway for commissioning of Electronic Interlocking System of Distributed EI in Dhanbad Division.
🟢 Oriental Rail Infrastructure entered the Vande Bharat segment and secured its first order worth ₹42.89 Cr from Rail Coach Factory, Kapurthala.
🟢 HTL Limited, a material subsidiary of HFCL, secured a ₹44.36 Cr contract from Indian Army for supplying Tactical Optical Fiber Cable Assemblies by July 2025, featuring cables capable of withstanding armored vehicle loads with military-grade connectors for battlefield deployment.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Tata Power Renewable Energy signed an MoU with Andhra Pradesh to develop 7,000 MW renewable projects worth ₹49,000 Cr, making it one of the largest renewable investments in the state.
🟢 GMR Airports acquired a 10% stake in Delhi International Airport from Fraport, increasing its shareholding in DIAL to 74% from 64%.
🟢 Shriram Pistons & Rings acquired 100% equity stake in Karna Intertech, a key supplier of gravity die casting moulds used in piston manufacturing, strengthening its vertical integration.
🟢 Biocon Biologics partnered with Civica to improve access and affordability of insulin aspart in the US, with Biocon supplying the insulin while Civica handles manufacturing and commercialization.
🟢 Coal India signed an MoU with IIT Hyderabad for R&D in clean coal technology and diversification in coal utilization, showing commitment to cleaner energy solutions.
🟢 Haier plans to invest ₹1,000 Cr in India between 2024-2028 to set up new AC production and injection molding units, targeting $2 billion sales by 2027.
CORE BUSINESS & REGULATORY
🟢 Brigade Enterprises launched premium residential project Brigade Altius in Chennai with a revenue potential of ₹1,700 Cr, strategically located in the IT corridor of Sholinganallur.
🟢 L&T is assembling India's first privately built Polar Satellite Launch Vehicle at its Coimbatore factory through a consortium with Hindustan Aeronautics Limited.
🔴 DGCA ordered a probe after an IndiGo plane's A321 Neo aircraft experienced a tail strike, marking the sixth such incident involving this aircraft type in 24 months.
🟢 Supreme Court refused to stay Dharavi redevelopment work, allowing Adani Group to proceed with the project that currently employs about 2,000 people.
🟢 M&M reported total production increased 10.4% YoY in February to 81,302 units, with total sales up 13% YoY to 80,641 units, though exports fell 49.7% YoY to 1,539 units.
🔴 AGS Transact's collapse is causing widespread ATM disruptions affecting major banks, with SBI most impacted with 14,000 unserviceable ATMs, while ICICI Bank and Axis Bank are migrating to other service providers.
🔴 Neogen Chemicals cut FY25 and FY26 revenue guidance after Dahej plant fire, revising its standalone revenue guidance for fiscal 2025 to approximately ₹765-800 Cr from ₹800-825 Cr previously.
🔴 Nestle India received a warning letter from SEBI for breaching insider trading norms, specifically involving a contra-trade by a designated person within the company.
ECONOMY & OTHER
🔴 India's forex reserves decreased by $1.7 billion to $638.69 billion as of February 28, 2025, as RBI continues to intervene to maintain stable conditions.
🟢 The dollar index touched a 4-month low at 103.6, down from nearly 110 in late January, helping the Indian Rupee.
🟢 Oil prices fell to near six-month lows with Brent crude trading near $70 a barrel.
At Finvezto Stock Research (Anand Ganapathy, SEBI Registered RA), we offer the following services.
Conceptual Lessons & Deep Dives
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.