Finvezto Market Bytes, 11 Feb 2025
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KEY COMPANY RESULTS, Q3 FY25
NEW ORDERS & PROJECTS RECEIVED
🟢 Rail Vikas Nigam emerges as L1 bidder from South Western Railway for KAVACH equipment installation and commissioning over 790 RKM of Hubballi & Mysuru Divisions.
🟢 Renaissance Global secured order for 63,250 pieces of lab-grown diamond fashion jewellery worth ₹13.70 crore from Walmart USA, to be executed in 4 months.
🟢 Australian Premium Solar received order worth ₹33.28 crore for supply of Solar PV Modules of various capacities (500Wp, 520Wp, 535Wp), to be completed by May 2025.
🟢 Transrail Lighting reports order book of ₹11,499 crore with order intake of ₹4,715 crore for nine months ended December 2024.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 ONGC partners with bp for Mumbai High field enhancement, where bp will provide technical services with performance-linked fees to boost India's largest offshore oil field production.
🟢 Sona BLW to purchase land from Escorts Kubota for ₹110 crore in Haryana for expansion.
CORPORATE ACTIONS & MANAGEMENT CHANGES
🟢 Eicher Motors appoints Siddhartha Lal as Executive Chairman, B Govindarajan as Managing Director while continuing as Royal Enfield CEO.
🟢 Grasim Industries names Himanshu Kapania as new Managing Director effective April 1, replacing Harikrishna Agarwal.
🟢 Mankind Pharma approves sale of stake in Chalet Hotels subsidiary for ₹530 crore enterprise value.
ECONOMY
🔴 US President Trump announced plans to impose 25% tariffs on steel and aluminum imports from all countries. Metal stocks fell sharply after Trump announced 25% tariffs on steel imports, with SAIL, Vedanta, NMDC declining over 4% each.
🔴 Rupee hit record low of 87.95 against US dollar
🟢 Gold prices surged to all-time high of ₹85,820 per 10g on safe-haven demand following US tariff threats.
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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.