Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 H.G. Infra Engineering bagged a ₹1,582 Cr HAM road project from NHAI for a 40.33 km Capital Region Ring Road in Odisha.
🟢 Kirloskar Brothers won an order worth ₹214 Cr from Adani Power for supplying and commissioning pump packages for thermal power.
🟢 Mastek’s UK subsidiary secured a 5-year contract worth approximately £49 million with the UK Home Office for engineering and cloud services covering national biometrics and DNA.
🟢 South West Pinnacle signed its largest-ever exploration services contract worth ~₹307 Cr with a Hindustan Zinc subsidiary for a 4-year Rajasthan project.
Partnerships, Investments & Acquisitions
🟢 Anupam Rasayan India completed the $150 million acquisition of U.S.-based Jayhawk Fine Chemicals, funded through Oaktree Capital and Axis Bank.
Core Business & Regulatory
🟢 Last Month’s Auto Sales Numbers. Overall good performance.
🟢 Brigade Enterprises launched ‘Brigade Stellaris’ residential project in Chennai with GDV estimated at ₹1,700 Cr.
🟢 Affle 3I secured 2 new AI-driven patents, strengthening its ad-tech intellectual property portfolio.
🔴 OLA Electric achieved record 34.3% gross margins and commercialized in-house 4680 cells but management acknowledged sales declines from service gaps with EBITDA impacted.
Economy, IPO & Other
🔴 US and Israel launched a joint military operation on Iran, with large explosions reported in Tehran. Iran confirmed Supreme Leader Ali Khamenei killed in an airstrike.
🔴 Iran retaliated by attacking the USS Abraham Lincoln aircraft carrier with four ballistic missiles. Iran bombed the French Naval Base in Abu Dhabi at Zayed Port, significantly widening the conflict into the Gulf region.
🔴 China and Russia called for an urgent UN Security Council meeting over the Iran conflict. China demanded the US and Israel immediately stop military operations against Iran.
🔴 Emirates Airlines temporarily suspended all flights to and from Dubai due to multiple regional airspace closures. IndiGo cancelled all flights to and from the Middle East.
🔴 Mumbai's Chhatrapati Shivaji Maharaj International Airport saw passengers stranded due to flight disruptions and cancellations caused by the Middle East situation.
🔴 Several major oil companies and trading houses suspended oil and fuel shipments through the Strait of Hormuz.
🔴 The US government used Anthropic’s Claude in Middle East strikes despite a Trump ban hours earlier.
🟢 After all the above happened, US President Trump indicated Iran’s leaders want to resume negotiations and he has agreed to talk.
🔴 NSE CEO says India cannot allow over-speculation by lower strata of economy and India should adopt minimum qualifying criteria for F&O trading; more regulations will come from Govt and regulators to curb over-speculation. Angel One, BSE and other capital market stocks fell up to 4% following NSE CEO’s remarks on F&O.
🟢 India GDP Annual actual 7.6% vs 7.4% previous. India Chief Economic Adviser says India’s economic performance remains resilient despite global uncertainties with investment growth strengthening and consumption remaining resilient. He also mentioned that inflation has been low and stable.
That’s it for today.
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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. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.