Finvezto Market Bytes, 28 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
🟢 Australian Premium Solar (India) Limited secured a ₹13.85 Cr order from Tripura Renewable Energy Development Agency for solarization of 500 2HP AC agricultural pumps under PM-KUSUM Scheme with 5-year warranty and maintenance.
🟢 GE Power India Limited received additional order worth ₹2,735 million from GREENKO KA01 IREP for one more 320MW unit at Saundatti PSP, expanding their original ₹8,634 million (US$113 million) contract for hydro equipment.
🟢 Tata Power's solar manufacturing arm secured a ₹632 crore contract from Solar Energy Corp for a project that's part of SECI's larger 400 MWp tender.
🟢 PNC Infratech's subsidiary completed a ₹864 crore road project in Uttar Pradesh, making the company eligible for an early completion bonus of ₹14.2 crore from NHAI.
🟢 RVNL received a letter of acceptance from Central Railway for a ₹136 crore project to construct a power station enabling trains to carry 3,000-tonne loads on Bhusaval-Khandwa line.
🟢 Kernex Microsystems won a ₹325.3 crore project from Southeastern Railways for supply, installation, testing and commissioning of Kavach on GD and GQ routes.
🟢 Jupiter Wagons' wheelset manufacturing arm secured a ₹255 crore contract from Braithwaite.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Paytm partnered with Perplexity to integrate AI-powered search in the Paytm app, enabling users to ask questions in local languages and make informed financial decisions.
🟢 HCLTech announced a strategic agreement with Children's Minnesota to modernize healthcare operations using AI.
CORE BUSINESS & REGULATORY
🟢 Godrej Properties achieved ₹1,000 crore in sales at its Pune project launch, selling over 1,398 homes covering approximately 1.23 million square feet.
🔴 UltraTech Cement entered wires and cables segment with ₹1,800 crore investment plan, causing shares of wire companies to plunge
🟢 TVS Motor launched the TVS King Duramax Plus and TVS King Deluxe Plus three-wheelers in Mexico. These models feature car-like designs with spacious cabins, LED headlights, and enhanced driver comfort features such as cushioned seats and storage compartments.
🟢 IndiGo's market share rose from 64.4% in December 2024 to 65.2% in January 2025, with 75.5% on-time performance accuracy according to aviation department data.
🟢 Coal India will charge ₹300 per tonne more for coal from mines of subsidiary NCL from May 1, expected to generate additional revenue of ₹3,877.5 crore.
🟢 Glenmark Pharma launched epinephrine injection in US for emergency treatment of allergic reactions and increasing blood pressure in septic shock patients.
🟢 Roto Pumps began construction of the first phase of its new factory for Roto Energy Systems, costing approximately ₹18 crore with completion expected by December 2025.
🟢 IndusInd Bank, Bandhan Bank, and NBFC stocks rallied up to 8% after RBI eased risk-weight norms on loans to NBFCs, effective April 1.
🔴 LIC received ₹480 crore GST demand notice for FY21 from Maharashtra tax authority, though the company stated there is no material impact on financials or operations.
🔴 Granules India received a US FDA warning letter for its Gagillapur facility based on August 2024 inspection, potentially delaying approvals for new products manufactured there.
🔴 Waaree Energies shares under pressure as Mumbai tax department initiated inspection of both the company and its subsidiary, Waaree Renewable Technologies.
INDIAN ECONOMY
🟢 Government appointed Finance Secretary Tuhin Kanta Pandey as SEBI chief for a three-year term, succeeding Madhabi Puri Buch whose term ends February 28.
🟢 India's private consumption doubles at 7.2% CAGR to $2.1 trillion from 2013, with potential to become world's third-largest consumer market by 2026.
🔴 Rupee closed at 87.20 against US dollar, recovering from intraday low of 87.40 likely due to RBI intervention.
🔴 Gold prices in India dropped by ₹1,150 to ₹88,200 per 10 grams and silver declined by ₹1,000 to ₹98,500 per kg
OTHER
🔴 Companies halting IPO plans as 44 firms with SEBI approval have deferred plans to next quarter, with some considering lowering valuations and issue sizes.
🔴 Trump announced plan for 25% tariff on cars and other goods from the European Union, sparking fears of escalating trade war.
🔴 Bitcoin dropped below $85,000, down about 20% from its record high.
At Finvezto Stock Research (Anand Ganapathy, SEBI Registered RA), we offer the following services.
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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.