Finvezto Market Bytes, 12 Feb 2025
Welcome to Finvezto Market Bytes. We cover the most important stock news every market day in a bite-sized format. No Noise. No Ads. Only Signals.
KEY COMPANY RESULTS, Q3 FY25
NEW ORDERS & PROJECTS RECEIVED
🟢 HG Infra with DEC Infrastructure received ₹2,195.68 Cr order from RLDA for New Delhi Railway Station redevelopment, to be completed in 45 months.
🟢 BHEL received ₹6,200 Cr LOI from DVC for Steam Generator Package of 2x660 MW Raghunathpur Thermal Power Station, to be completed in 48-52 months.
🟢 Jupiter Wagons received ₹600 Cr order from Ambuja Cements and ACC for manufacturing and supplying BCFCM rakes.
🟢 Magellanic Cloud's subsidiary Motivity Labs secured ₹52.97 Cr order from a major client for calendar year 2025, strengthening revenue outlook for the company.
🟢 NBCC secured orders worth ₹272.33 Cr including ₹170.33 Cr from Central University Punjab and ₹102 Cr from Navodaya Vidyalaya Samiti for construction works.
🟢 Sonu Infratech secured ₹141.30 Cr order from Ramraja Construction for NH-43 highway upgradation in Madhya Pradesh, to be completed in 18 months with 5-year maintenance.
🟢 Happy Forgings signed MoU with global industrial equipment manufacturer for supply of precision components worth ₹95 Cr annually, with peak potential of ₹160 Cr from 2028.
🟢 Aimtron Electronics secured ₹37.62 Cr order from domestic automotive EV sector for turnkey box build project.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 BEML signed strategic partnership with South Korea's STX Engine to co-develop and manufacture battle tank engines and marine engines for Indian defence needs.
🟢 Bharat Forge's subsidiary KSSL signed 2-year MoU with L3Harris Technologies to collaborate on C4ISR technologies and tactical communications for Indian Armed Forces.
🟢 TVS Motor signed MoU with Karnataka government to invest ₹2,000 Cr over 5 years and establish a global capability centre in the state.
🟢 Hatsun Agro Product completed acquisition of 98.4% stake in Milk Mantra Dairy, expanding its dairy business portfolio.
🟢 Happy Forgings signed MoU with a global manufacturer for supply of heavy forged and machined components.
ECONOMY
🟢 Net direct tax collections grew 15% to ₹17.78 lakh Cr till February 10, with both corporate and non-corporate taxes exceeding targets.
🟢 The rupee gained 65 paise to close at 86.83 against the dollar, marking its biggest gain since March 2023, after RBI sold approximately $11-12 billion in forex markets.
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.