Finvezto Market Bytes, 31 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
🟢 Wipro secured a 5-year multi-million dollar IT transformation and cost optimization contract from Etihad Airways.
🟢 KPI Green Energy signed ₹1,311.40 Cr contract with Coal India to develop 300 MWAC solar PV plant with 5-year O&M at GIPCL's Solar Park in Khavda, Gujarat, completion by November 2025.
🟢 L&T's Minerals & Metals vertical secured significant order (₹1,000-2,500 Cr) from GCC railway company for freight handling facilities with automation at two locations.
🟢 GR Infraprojects won ₹262 Cr order from Western Railway for gauge conversion involving earthwork, bridges, and station amenities.
🟢 Western Carriers secured ₹170 Cr order from Hindustan Zinc for a four-year period.
🟢 KPI Green Energy signed ₹1,311 Cr solar project deal with Coal India.
🟢 Afcons Infrastructure secured ₹1,283 Cr marine package contract from Hindustan Gateway at Tuna Tekra, Gujarat, with 29-month completion timeline.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 PTC Industries signed MoU with Odisha government to establish aerospace-grade Titanium Sponge manufacturing facility, making it one of few global companies with integrated titanium manufacturing.
🟢 Paradeep Phosphates signed MoU with Odisha government for ₹4,000 Cr investment to increase phosphatic fertilizer manufacturing capacity over five years.
🟢 LTIMindtree partnered with FLS Mining to transform application maintenance services, providing AI-powered support and maintenance for FLS' complex applications in global mining operations.
🟢 Texmaco Infrastructure & Holdings (TIHL) partnered with Hines, Conscient, and HDFC Capital to develop a premier residential-led mixed-use project on former Birla Cotton Mills site in Kamla Nagar, Delhi.
🟢 Zaggle Prepaid Ocean Services Limited entered into a two-year partnership agreement with Aayuv Technologies Private Limited (Ekincare) to power health & wellness wallet for employees.
🟢 JSW Steel and JFE Steel Corporation's 50:50 joint venture completed acquisition of thyssenkrupp Electrical Steel India Private Limited (tkES India) for ₹4,158.6 Cr.
CORE BUSINESS
🟢 Epack Durable received a Phase I incentive of ₹78 lakh under MeitY’s Modified Special Incentive Package Scheme (M-SIPS) for promoting electronics manufacturing at their facilities in Bhiwadi and Sri City
🟢 Affle India received a US patent for a system that collects ad fraud data, creates blacklists to block fraudulent entities in real-time, and generates whitelists through optimization
🟢 Granules' subsidiary received USFDA approval for Lisdexamfetamine Dimesylate Capsules in 7 strengths for ADHD treatment, bringing total ANDA approvals to 69.
🟢 NATCO Pharma received ANDA approval for Everolimus tablets (generic AFINITOR DISPERZ) with $112 million market size; partner Breckenridge to launch immediately in US market.
🔴 JK Cement reported accident at Panna Expansion with four casualties and 14 minor injuries.
COMPANY RESULTS Q3 FY25
STOCK PRICE MOVES
🔴 Tata Motors tanked 6.8% to ₹701.40 after Q3 profit fell 22% YoY to ₹5,451 Cr, missing estimates of ₹6,791 Cr despite revenue rising 3% YoY to ₹1.13 lakh Cr.
🟢 Hitachi Energy shares surged 20% hitting upper circuit at ₹12,277.50 after reporting 498% YoY jump in Q3 PAT to ₹137.4 Cr and 31% revenue growth.
🔴 Whirlpool India shares plunged 20%, hitting lower circuit after parent company announced plans to reduce stake from 51% to 20% by mid-2025.
🟢 Jupiter Wagons shares soared 12% after reporting 18% YoY jump in Q3 PAT to ₹96.4 Cr and 15% revenue growth to ₹1,029.8 Cr.
🟢 KPIT Technologies shares rallied 8% after reporting 20.4% YoY growth in Q3 net profit to ₹187 Cr.
🟢 Granules India shares gained over 5% after receiving FDA approval for generic ADHD drug capsules.
🔴 ITC Hotels shares fell 5% on day 2 of trading, following weak debut after opening at ₹188.
REGULATORY
🔴 ICICI Lombard received GST demand order of ₹62 Cr including penalty and interest.
🔴 IRDAI caps health insurance premium hikes for seniors at 10% annually to address steep premium increases.
🔴 RBI files application to initiate insolvency proceedings against Aviom India Housing Finance.
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.