Finvezto Market Bytes, 18 Feb 2025
We cover the most important stock news every market day in a bite-sized format. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS RECEIVED
🟢 PowerGrid won two transmission projects under TBCB - one for Karnataka REZ integration involving 765/400/220kV substations, and another for augmentation works in Rajasthan.
🟢 AVP Infracon secured ₹86.54 Cr order from Highways Construction, Tiruvannamalai Circle for widening Thirukoilur-Asanur road from 2 to 4 lanes, to be completed in 18 months.
🟢 DCX Systems received orders worth ₹24.51 Cr for Cable and Wire Harness Assemblies from multiple clients including Bharat Electronics (₹9.33 Cr) and Rafael Defence (₹5.63 Cr).
🟢 AHA Solar Technologies received ₹29.50 Cr consultancy order from North Eastern Electric Power Corporation for floating solar PV projects across Meghalaya, Mizoram and UP.
🟢 Loyal Equipments received ₹25.95 Cr order from Linde Engineering India for supply of valve skids with interconnecting piping.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Paytm partnered with SBI Mutual Fund to launch JanNivesh ₹250 SIP initiative, offering daily, weekly, or monthly investment options to expand mutual fund investor base.
🟢 KIMS Hospitals partnered with UAIMS Hospital Sangli, taking over operations of 356-bed facility with expansion potential to 500+ beds and call option for majority stake.
🟢 LTIMindtree partnered with Eurobank for multi-year banking technology program, establishing Global Delivery Center in Pune and providing Temenos implementation services in Luxembourg.
🟢 Uno Minda formed joint venture with Suzhou Inovance for manufacturing powertrain products, entering new automotive segment.
🟢 Lloyds Metals acquiring 79.82% stake in Thriveni Earthmovers for ₹70 Cr, marking strategic expansion into infrastructure sector.
CORE BUSINESS & REGULATORY
🟢 Airtel has successfully landed the SEA-ME-WE-6 submarine cable in Chennai, enhancing connectivity between India, Singapore, and France with a 21,700 km system offering a capacity of 220 Tbps.
🟢 GMR Airports posted 11.4% YoY growth in January passenger traffic to 1.06 Cr, with domestic up 11% and international up 12.4%.
🟢 Kalyani Strategic Systems, Bharat Forge's defense subsidiary, unveiled MArG 45 mobile gun system at IDEX Abu Dhabi 2025, featuring 36km range and 18-round capacity.
STOCK PRICE MOVES
🔴 Senco Gold shares plunged 32% in 2 days following weak Q3 earnings + Broker downgrades.
🔴 Zen Technologies stock hit 20% lower circuit after Q3 profit fell to ₹39.7 Cr against estimated ₹73.2 Cr.
ECONOMY
🔴 India Trade deficit widened to $22.99 billion in January 2025 as exports fell 2.38% to $36.43 billion, while imports rose 10.28% to $59.42 billion.
🔴 Gold imports increased to $2.68 billion in January 2025 from $1.9 billion last year, but lower than December's $4.7 billion.
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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.