Finvezto Market Bytes, 25 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
🟢 NBCC India secured ₹264.16 Cr PMC contract from NIT Kurukshetra for construction of academic block, hostel block, residential block and other developments under EPC mode at Kurukshetra, Haryana.
🟢 GP Eco Solutions secured order for supply of 200MW+ solar inverters, to be executed by March 2025, showcasing growing demand for solar and energy storage solutions.
🟢 Sathlok secured ₹18.44 Cr order from Reliance Mappedu Multi Modal Logistics Park for construction of 235,665 sqft warehouse in Mappedu, Chennai, to be completed by September 2025.
🟢 Pritika Engineering Components finalized ₹50 Cr order from leading MNC tractor manufacturer to supply 100 tons monthly of new large tractor components over 5 years, at ₹10 Cr annually.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Zaggle Prepaid Ocean Services partnered with Gujarat International Finance Tec-City Company (GIFTCL) to provide CoBrand Pre-Paid Citizen Card and Visitor Management solutions for 5 years.
🟢 NTPC Group signs MoUs worth over Rs 2 lakh crore with Madhya Pradesh government for renewable power projects including solar, wind, and pump hydro.
🟢 Firstsource partnered with Truckstop and ETS to implement UnBPOTM initiative, focusing on AI-first transformation and outcome-driven business models in freight and education sectors.
🟢 Bharat Forge's subsidiary Kalyani Powertrain partnered with AMD to manufacture EPYC CPU-based servers in India.
🟢 ONGC to infuse Rs 1,200 crore in ONGC Green subsidiary for PTC Energy acquisition, which operates wind power projects.
🟢 KKR to acquire HealthCare Global from CVC Asia Pacific for Rs 3,350 crore, deal expected to close by Q3 2025.
🟢 Granules India acquires Swiss CDMO company Senn Chemicals AG for Rs 192 crore.
🟢 Apollo Pipes increases stake in Kisan Mouldings to 56.08% with additional 0.50% equity purchase.
🟢 Nazara Technologies acquires 38.57% stake in Funky Monkeys for Rs 28.7 crore, increasing total holding to 60%.
CORE BUSINESS & REGULATORY
🟢 Cosmo Specialty Chemicals introduces Oil and Grease Resistant barrier coatings.
🔴 LIC faces Rs 57.2 crore GST demand including interest and penalty for excess ITC in FY21.
🔴 MedPlus Health's subsidiary Optival Health Solutions faces drug license suspension in Karnataka.
🔴 Shree Cement receives Rs 41.1 crore GST demand including interest and penalties.
ECONOMY
🟢 Retail inflation for farm workers and rural laborers eased to 4.61% and 4.73% respectively in January 2025, down from 5.01% and 5.05% in December 2024.
🟢 Indian IT sector revenue projected to grow 5.1% in FY25 and cross $300 billion by FY26, with tech sector employment growing by 1.26 lakh to 58 lakh, according to Nasscom.
🟢 India-UK resume FTA talks with aim to grow bilateral trade by 2-3 times in next 10 years.
🟢 Gold hits new record high. Global gold ETFs saw largest weekly inflow since March 2022, adding 52.4 metric tons worth $5 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.