Finvezto Market Bytes, 18 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
🟢 Welspun Corp secured new orders valued at ₹2,400 Cr for supplying coated pipes for Natural Gas Pipeline Projects in USA, bringing consolidated order book to approximately ₹20,000 Cr.
🟢 RITES has received a revised order valued at $10.8 million for the additional supply and commissioning of electric locomotives from Ntokoto Rail Holdings Pty, increasing from a previous $5.4 million contract.
🟢 Ircon International secured letters of award worth ₹1,096 Cr from Meghalaya government for construction of new secretariat, to be executed within three years.
🟢 Transformers and Rectifiers secured orders worth ₹726 Cr from Gujarat Energy Transmission Corporation for manufacturing Auto Transformers and Bus Reactors, to be completed within 18 months.
🟢 Atmastco secured a ₹128 Cr engineering project from Hindustan Zinc for execution at Dariba Smelting Complex in Rajsamand, Rajasthan, to be completed as a one-time domestic project.
🟢 NBCC (India) secured a ₹44.62 Cr PMC contract from Mahatma Gandhi Institute for Rural Industrialization for infrastructure development and hostel construction at MGIRI, Wardha under EPC mode.
🟢 Salzer Electronics secured a ₹50 Cr order for Smart Energy Meters from one of India's largest Advanced Metering Infrastructure Service Providers, supporting government's Revamped Distribution Sector Scheme.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Bajaj Finserv will acquire Allianz SE's 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for approximately €2.6 billion (₹24,180 Cr), ending their 24-year partnership.
🟢 Delhi Metro and Blue Dart signed MoU for innovative urban logistics service, allowing Blue Dart to transport cargo via metro trains during non-peak hours across Delhi-NCR, creating South Asia Pacific's first metro-based logistics system that reduces road congestion and emissions.
🟢 Blackstone is acquiring a 66% stake in Kolte-Patil Developers for ₹1,800 crore, including a 14.3% preferential allotment, 25.7% promoter stake purchase, and a 26% open offer, marking its residential rental market entry.
🟢 Ericsson, Volvo Group and Bharti Airtel partnered to explore XR, Digital Twin Technology, and AI in manufacturing, creating new revenue streams for telcos.
CORE BUSINESS & REGULATORY
🔴 Ola Electric shares slid over 7% to all-time low of ₹46.51 amid insolvency petition filed against subsidiary Ola Electric Technologies by Rosmerta Digital Services over alleged payment defaults.
🟢 Maruti Suzuki to hike vehicle prices by up to 4% from April 1, 2025, to offset rising input costs, with variation depending on model.
🟢 Tata Motors to increase commercial vehicle prices by up to 2% from April 1, 2025.
🟢 Bombay High Court discharged Adani Enterprises, Chairman Gautam Adani and MD Rajesh Adani from case of alleged market regulation violations involving ₹388 Cr, ruling no case of cheating or criminal conspiracy was made.
🔴 Deepak Nitrite's nitric acid plant, initially slated for commissioning in H2 FY25, faces delays and is now expected to be operational by H1 FY26.
ECONOMY & OTHER
🟢 India's goods trade deficit narrowed to 42-month low of $50.9 billion on reduced gold, silver and crude imports, with imports hitting 22-month low.
🟢 Rupee strengthened by 20 paise against US dollar to close at ₹86.80, marking third consecutive day of gains.
🟢 Gold and silver rallied ₹1,300 each to hit record levels in Delhi, driven by strong global trends and uncertainty over US tariffs.
🟢 Chinese BYD unveiled EV battery system that charges in five minutes, capable of providing around 400 kilometers of range in tests on new Han L sedan, advancing electric vehicle charging technology.
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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.