Finvezto Market Bytes, 24 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
🟢 NCC Limited received a ₹1480.34 Cr order from Bihar Medical Services & Infrastructure Corporation for redevelopment of Darbhanga Medical College & Hospital with 42-month construction timeline.
🟢 Power Mech Projects secured a ₹579 Cr order from BHEL for civil structural works at 2x800MW DVC Koderma Power Plant in Jharkhand, to be completed within 32 months.
🟢 BHEL received a ₹7,500 Cr Letter of Intent from Gujarat State Electricity Corporation for EPC package of 1x800 MW Ukai Extension Unit-7, to be completed within 54 months.
🟢 L&T secured large orders from Brigade Group worth up to ₹5,000 crore for residential and commercial projects in Hyderabad and Chennai.
🟢 RailTel Corporation secured a ₹25.15 Cr order from Hindustan Petroleum Corporation Limited for MPLS/ILL links spanning 5 years from April 1, 2025 to March 31, 2030.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Hero MotoCorp acquired a significant stake in Euler Motors for ₹525 crore, making a strategic entry into the electric three-wheeler market where EVs are projected to account for 35% of total sales.
🟢 Godrej Agrovet announced plans to buy a 47.38% stake in Creamline Dairy Products, expanding its dairy business under the Godrej Jersey brand.
🟢 Reliance Industries' subsidiary acquired a 74% stake in Nauyaan Shipyard from Welspun Corp Limited for ₹383 crore as part of its business expansion.
CORE BUSINESS & REGULATORY
🟢 Godrej Properties purchased approximately 10 acres of land in Yelahanka, Bengaluru, with an estimated revenue potential of ₹2,500 crore for premium residential development and high street retail.
🟢 Hindalco Industries plans to invest ₹45,000 crore in aluminium, copper, and specialty alumina businesses over the next three to four years, focusing on upstream operations and increasing downstream profits.
🟢 Mahindra Lifespaces hit ₹18,000 crore GDV (Gross Development Value) in FY25 and is shifting focus to the premium segment for growth.
🟢 Precision Wires will build recycling facility for Copper Waste and Scrap/Refining at Zaroli, Gujarat with an investment of ₹188 crore.
🟢 Ola Electric commenced deliveries of S1 Gen 3 Scooters across India.
🟢 Lemon Tree signed two license agreements for Keys Select hotels in Vrindavan, Uttar Pradesh and Navsari, Gujarat, expanding their hospitality portfolio.
🟢 Allied Blenders & Distillers added 15 lakh bulk litres capacity at Rangapur Plant in Telangana.
🔴 Vodafone Idea has asked the government to convert more dues to equity, seeking a solution for ₹36,950 crore worth of AGR and spectrum dues, with ₹13,089 crore due in the coming weeks.
🔴 Maharashtra directed all regional transport offices to check all Ola Electric stores in the state within a week between March 20-27 for trade certificates.
OTHER
🟢 Rupee climbed to a 10-week high, gaining 36 paise to close at 86.04 against the US dollar.
🔴 Foreign investors pumped $1.2 billion into Chinese equities this week, the largest inflow in 5 months, driven by rallies in EV giant BYD and Chinese AI firms.
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.