Finvezto Market Bytes, 19 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
🟢 United Drilling Tools secured ₹137.36 Cr order from Oil India Limited for supplying Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Units, to be delivered over 4-6 months.
🟢 Engineers India secured ₹252.95 Cr contract from Numaligarh Refinery for EPCM Services for 360 KTPA Polypropylene Unit Project, to be completed in 36 months.
🟢 AVP Infracon received Letter of Acceptance worth ₹21 Cr for construction of cold storage facility and warehouse on turnkey basis at Suriyur, Trichy, to be completed in 10 months.
🟢 Esconet Technologies received ₹21.27 Cr purchase order from ONGC for supply and installation of high-end Graphics Workstations by June 15, 2025.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 HUL received CCI approval to acquire 90.5% stake in skincare brand Minimalist's parent company Uprising Science for ₹2,955 Cr, with plans to acquire remaining 9.5% within two years.
🟢 Brigade Enterprises and VC firm Gruhas launched ₹300 Cr fund to invest in 10-15 startups through initial checks and follow-on rounds.
🟢 Nazara Technologies acquired 8.97% stake in Absolute Sports for ₹69 Cr.
CORE BUSINESS & REGULATORY
🟢 Cipla secured exclusive licensing for innovative ophthalmic solution for post-operative inflammation and pain treatment.
🟢 Bajaj Auto reappointed Rajivnayan Bajaj as CEO and approved capital infusion of ₹1,500 Cr in lending arm Bajaj Auto Credit.
🟢 Paytm Money received SEBI approval to start research analysis business, allowing it to provide research reports and investment analyses to users.
🟢 Zydus Lifesciences received US FDA approval to manufacture Apalutamide tablets, which had annual sales of nearly $1.1 billion in the US.
ECONOMY & OTHER
🟢 RBI announced fresh open market operation to purchase government securities worth ₹50,000 Cr on March 25 to ease market liquidity conditions.
🟢 LG Electronics India received SEBI approval for IPO, where parent company will sell over 10.18 Cr shares amounting to 15% stake in what would be India's fifth largest IPO.
🟢 Indian rupee gained 23 paise, closing at ₹86.57 against the dollar, its highest in over three weeks.
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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.