Finvezto Market Bytes, 29 Jan 2025
Welcome to Finvezto Market Bytes. We cover the most important stock related news every day in a bite-sized format. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS
🟢 Larsen & Toubro secured significant order (₹1,000-2,500 Cr range) to build Uzbekistan's first 10-Megawatt AI-enabled and sustainable data centre in Tashkent, featuring advanced security measures.
🟢 Transformers and Rectifiers India Limited secured orders worth ₹362 Cr from PowerGrid, Megha Engineering, KEC International, Avaada Electro, Adani Energy, Torrent Power and RRVPNL for EHV Power Transformers.
🟢 Bajel Projects secured EPC contract from PowerGrid for 120km Dausa-Ghiror 765kV transmission line in Rajasthan, to be completed in 23 months through SPV Rajasthan IV 4A Power Transmission.
🟢 Bharat Electronics Limited secured new orders for ship communication systems, medical electronics, electro optics, radar homing heads, classroom jammers and spares, taking total order book to ₹10,893 Cr this fiscal.
🟢 Slone Infosystems received order worth ₹2.09 Cr from ANPR Solutions LLP Mumbai for supplying Networking IT Products, to be executed within 3-4 weeks.
🟢 Autoline Industries secures ₹30 Cr annual order from M&M to supply components for Scorpio and XUV 3XO models.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Coforge partnered with Intellect to leverage eMACH.ai and iTurmeric platforms for modernizing banking systems across APAC, North America, Europe, and UK markets.
🟢 Exide Industries plans additional ₹300 Cr investment in subsidiary Exide Energy Solutions to strengthen its energy storage business.
🟢 PDS board approves acquisition of 55% stake in Knit Gallery to expand textile business portfolio.
CORE BUSINESS
🟢 Gensol Electric Vehicles secured 30,000 pre-orders for its new EVs 'EZIO' and 'EZIBOT' from fleet operators at Bharat Mobility Expo 2025.
🟢 One MobiKwik launches CBDC e-Rupee wallet for Android users in partnership with RBI and Yes Bank, enabling UPI transactions.
COMPANY RESULTS
🟢 Suzlon Energy records 91% YoY jump in Q3 profit to ₹388 Cr, revenue surges 91% to ₹2,969 Cr showing stellar growth across metrics.
🟢 M&M Financial Services Q3 profit surges 63% YoY to ₹899 Cr, AUM grows 19% to ₹1.15 lakh Cr indicating strong lending momentum.
🟢 BHEL Q3 profit reaches ₹135 Cr, revenue jumps 32% YoY to ₹7,277 Cr demonstrating solid execution.
🟢 Bajaj Auto reports Q3 profit up 3% YoY to ₹2,109 Cr, revenue grows 6% to ₹12,807 Cr showing steady performance.
🟢 MGL posts Q3 profit of ₹225 Cr with revenue at ₹1,758 Cr maintaining stable operations.
🔴 Piramal Pharma Q3 profit falls 63% YoY to ₹3.7 Cr with revenue at ₹2,204 Cr amid significant margin pressure.
🔴 SBI Card Q3 profit falls 30% YoY to ₹383 Cr with declining net interest income affecting core business.
🔴 JSW Energy Q3 profit drops 32% YoY to ₹157.5 Cr amid challenging market conditions.
🔴 Hyundai Motor India posts 18% YoY decline in Q3 profit to ₹1,161 Cr amid subdued demand.
🔴 Motilal Oswal Financial Services Q3 profit declines 14% YoY to ₹565 Cr versus ₹660 Cr last year.
STOCK PRICE MOVES
🟢 Bank stocks rally after RBI announces ₹1.5 lakh Cr liquidity injection through OMOs and forex operations, boosting market sentiment.
🔴 Federal Bank shares drop 6% after Q3 profit decline of 5% YoY.
🔴 Apar Industries shares fall 20% as Q3 profit drops 19.7% YoY to ₹175 Cr.
🔴 Swiggy shares fell below IPO listing price with 18.75% cumulative decline over six sessions.
INDIAN ECONOMY
🟢 RBI announces measures to inject ₹1.5 lakh Cr liquidity through bond purchases and dollar swaps to ease market conditions.
At Finvezto Stock Research (Anand Ganapathy, SEBI Registered RA), we offer the following services.
Conceptual Lessons & Deep Dives
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This daily update highlights market trends for your awareness. 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.