Finvezto Market Bytes, 24 Feb 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
🟢 RailTel secured ₹288 Cr order from East Central Railway to install Kavach safety system at 71 stations.
🟢 RVNL secured L1 status for a ₹156.36 crore project from South Western Railway. The contract involves EPC work for 2x25 KV OHE and PSI systems between Rayadurga and Topavagada.
🟢 Zaggle Prepaid Ocean Services won agreement from Indus Towers to provide Zaggle Save employee expense management and benefits platform from February 2025.
🟢 SSEGL secured a ₹61.52 Cr order from Reliance Mappedu Multi Modal Logistics Park on February 21, 2025, for constructing a 9,53,000 sqft warehouse to be completed by December 2025.
🟢 Vinyas Innovative Technologies secured orders worth ₹53.74 Cr from various domestic and international customers, for manufacturing and supplying PCBAs over the next 24 months.
🟢 Can Fin Homes selected IBM India as System Integrator for a ₹296.95 Cr contract, to implement and maintain core business solutions including loan management systems and IT infrastructure for 7 years.
🟢 DEE Development Engineers secured a ₹27 Cr order from an undisclosed domestic customer for manufacturing and supplying fittings for a Thermal Power Plant, to be completed by Nov 2025.
🟢 Paragon Fine and Speciality Chemical received a ₹16 Cr contract along with additional sales orders worth ₹15 Cr from domestic and international clients.
🟢 SBC Exports secured ₹11.13 Cr manpower outsourcing services order from Higher Education Department Delhi through Guru Gobind Singh Indraprastha University for 2 years.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Bajaj Auto's board approved a €150 million investment in its Netherlands subsidiary, which holds a 49.9% stake in KTM's parent company. This move aims to rescue KTM from bankruptcy and strengthen Bajaj's position in the European motorcycle market.
🟢 Granules India is acquiring Swiss CDMO Senn Chemicals for CHF 20 million, expanding into the peptide segment, enhancing CDMO capabilities, and strengthening its European presence, with the deal expected to close in H1 2025.
🟢 Brigade Group announces ₹1,500 Cr investment in Kerala over 5 years, including second World Trade Center, creating employment for 12,000 people.
CORE BUSINESS
🟢 Adani Green Energy's arm operationalizes 250 MW solar project in Jaisalmer, increasing total renewable capacity to 11,916.1 MW.
🟢 Avenue Supermarts opens new store in Visakhapatnam, taking total D-Mart store count to 391 across India.
🟢 Allcargo Logistics reports strong January volumes with LCL up 4% YoY, FCL up 6% YoY, and air volume surging 67% YoY.
ECONOMY
🟢 India's Composite Flash PMI reached 60.6 in February 2025, a six-month high, driven by strong services sector growth (61.1). Manufacturing Flash PMI slightly declined to 57.1, but still indicated expansion.
🔴 RBI's lending curbs show effect as personal loan growth moderates to 13.7% in December 2024 from 15.2% in September.
OTHER
🔴 US stocks ended sharply lower on weak economic data and Trump's tariff threats, with S&P 500 recording largest one-day drop since December.
🟢 boAt plans IPO in FY26 to raise ₹2,000 Cr at valuation exceeding $1.5 billion, despite declining revenues.
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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.