Finvezto Market Bytes, 11 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
🟢 Mahindra Aerostructures, a subsidiary of Mahindra & Mahindra, secured a contract to manufacture and assemble the Airbus H130 helicopter's fuselage. Production begins immediately, with deliveries to Airbus's European facilities by March 2027.
🟢 Cyient DLM secured a contract from Deutsche Aircraft to design and develop cabin management systems for their commercial aircraft.
🟢 Olectra Greentech received an order worth ₹424 Cr to supply 297 electric buses.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 JSW Energy completed acquisition of 4.7 GW renewable-energy platform from O2 Power, which includes 4,100 MW utility-scale and 596 MW commercial projects.
🟢 Coromandel International seeks CCI approval to acquire 53% stake in NACL Industries for ₹820 Cr to expand its agro-chemical portfolio.
🟢 BHEL signed an MoU with Nuovo Pignone International for compressor revamp opportunities in the fertiliser sector.
🟢 Rites signed an MoU with DP World for logistics infrastructure development, enhancing its transportation and logistics capabilities.
🟢 Ratnamani Metals entered a joint venture with Saudi Electric Supply Company to provide critical tubing solutions to consumers in Saudi Arabia.
🟢 Remsons Industries acquired majority stake in Astro Motors, an electric 3-wheeler company developing EVs for cargo, loaders, and passengers.
CORE BUSINESS & REGULATORY
🔴 TCS Q4 net profit fell 1.7% YoY to ₹12,224 Cr on revenues of ₹64,479 Cr which grew 5.3% YoY.
🟢 Dixon Technologies to set up ₹1,000 Cr factory in Tamil Nadu for manufacturing laptops, all-in-one PCs, and providing electronic manufacturing services.
🟢 Deepak Nitrite to establish a ₹3,500 Cr manufacturing complex in Gujarat to produce phenol, acetone and other chemicals.
🟢 Adani's Vizhinjam Port welcomed MSC Turkiye, world's largest green container ship capable of loading 24,346 twenty-foot equivalent units.
🟢 Mphasis gets U.S. patent for boosting scalability and performance of quantum machine learning.
OTHER
🔴 GIFT Nifty signals a 700 point jump on Friday after Trump paused new tariffs for 90 days on all nations except China.
🟢 The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6%, shifting its stance to "accommodative."
🔴 RBI announced plans to issue comprehensive norms on gold loans with six key measures, affecting gold loan companies and their operational practices.
🟢 Gold prices surged to ₹92,170 per 10 grams in India as global spot gold reached a record $3,190 per ounce following US tariff pause.
🟢 Bitcoin jumped over 8% to $81,700 after Trump paused tariff hikes, with regulatory boosts including SEC leadership changes and Ethereum ETF options approval.
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.