Finvezto Market Bytes, 30 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
🟢 VA Tech Wabag secured a 7-year operation contract worth $14 million (₹121 Cr) from BAPCO Refining for Industrial Wastewater Treatment Plant in Bahrain, expanding Middle East presence.
🟢 Triveni Turbine secured a ₹290 Cr order from NTPC for CO2-based Energy Storage System of 160 MWh capacity at NTPC Kudgi, Karnataka, to be completed in 18 months.
🟢 L&T Technology Services (LTTS) secured an $80 million multiyear digital engineering transformation deal with a US-based industrial products manufacturer.
🟢 RailTel Corporation secured a ₹17.12 Cr order from Navodaya Vidyalaya Samiti for procurement and maintenance of IT Infrastructure projects, to be executed by July 27, 2025.
🟢 VR Infraspace received a ₹114.23 Cr contract from Kevadiya Construction for Dindigul City Municipal Corporation's Underground Sewerage System project, to be completed by June 10, 2027.
🟢 Afcons Infrastructure secured ₹1,283 Cr order from Hindustan Gateway Container Terminal Kandla for terminal construction, to be completed in 29 months.
🟢 Azad Engineering bagged ₹811 Cr deal from Siemens Energy Global for a six-year project.
🟢 GR Infraprojects emerged as L1 bidder for ₹262 Cr EPC project from Western Railways, to be completed in 24 months.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Sona BLW Precision Forgings Limited (Sona Comstar) signed a memorandum of understanding (MOU) with The ePlane Co to collaborate on developing powertrains for eVTOLs and Drones.
🟢 Infosys expanded partnership with Siemens AG to accelerate digital learning with Generative AI.
🟢 JK Paper approved ₹300 Cr majority stake acquisition in Quadragen VetHealth, an Animal Nutrition Products company.
🟢 Allied Blenders & Distilleries board approved acquisition of brands and IP rights from Fullarton Distilleries.
🟢 Mindspace REIT acquired Hyderabad commercial property for ₹2,038 Cr.
COMPANY RESULTS Q3 FY25
🔴 Tata Motors: PAT falls 22% to ₹5,578 Cr due to China headwinds. Revenue up 3% to ₹1.13 lakh Cr.
🟢 Maruti Suzuki: PAT rises 13% to ₹3,525 Cr, revenue advances 16% to ₹33,309 Cr. Records highest-ever quarterly export volumes.
🟢 Indian Bank: PAT surges 35% YoY to ₹2,852 Cr with higher income and reduced provisions. Shows robust performance in Q3.
🟢 Bajaj Finance: Net profit grows 17% YoY to ₹4,247 Cr. AUM and interest income rise. Launches AI-driven business transformation plan.
🟢 Ambuja Cement: PAT skyrockets 157% YoY to ₹2,115 Cr. Revenue rises 4% on improved operational parameters.
🔴 JSW Energy: PAT drops 32% YoY due to lower demand and reduced government spending.
🟢 Adani Power: PAT grows 7% YoY to ₹2,940 Cr, revenue rises 5%..
🟢 KPIT Technologies: Net profit rises 20.4% to ₹187 Cr.
🔴 Mahanagar Gas: Net profit declines 30% YoY due to reduced gas allocation under APM.
🔴 Raymond: PAT falls 61% to ₹72.3 Cr despite revenue rising 40.6% to ₹954 Cr.
🟢 SRF: PAT up 7% YoY. Shows strong operational performance in Q3.
🟢 Jupiter Wagons: Net profit rises 18% to ₹96 Cr on higher revenue growth.
INDIAN ECONOMY
🟢 Brookfield Corporation signs $12 billion MoU to invest in Mumbai's infrastructure development.
GLOBAL
🟢 The US Federal Reserve maintained interest rates at 4.25%-4.5%, marking a pause after three consecutive rate cuts in 2024. Officials cited elevated inflation and a stable labor market as key factors.
🔴 OpenAI claims Chinese startup DeepSeek used “distillation” to copy ChatGPT’s capabilities, developing their AI model for just $5.6 million. Trump’s AI advisor David Sacks supports these allegations of intellectual property violations.
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 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.