Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 MTAR Technologies received orders worth ₹271.75 Cr for various projects in defense and aerospace sectors from multiple clients.
🟢 Divgi Torqtransfer Systems secured a multi-year order from Toyota Tsusho India for tailored transfer cases for commercial pick-up trucks valued at ₹62 Cr.
Core Business & Regulatory
🟢 Ircon International achieved record ₹10,000 Cr turnover with Navratna status. Expanded rail, highway, and tunnel projects globally. Focusing on high-margin international contracts for multi-year revenue visibility.
🟢 India Pesticides commissioned expanded formulation capacity to 10,000 MT, allocated ₹65 Cr capex for backward integration of herbicide intermediates.
🟢 Axiscades Tech received provisional land allotment from TSIIC for setting up a defense and engineering complex in Telangana, aiming to boost capabilities in critical sectors like aerospace and manufacturing.
🟢 Sandur Manganese and Iron Ores granted consent for operation-expansion of company’s manganese and iron ore mines by regulatory authorities.
🟢 Emaar India announced new residential project Serenity Hills in Gurugram with estimated GDV over ₹600 Cr.
🟢 Marathon Nextgen launched residential project in Panvel with estimated GDV over ₹600 Cr.
Partnerships & Acquisitons
🟢 Mahindra & Mahindra signed agreement for 50:50 life insurance JV with Manulife, with each committing up to ₹3,600 Cr and initial investment of ₹1,250 Cr over first 5 years.
🟢 Ambuja Cements partnered with Coolbrook to deploy world’s first commercial RotoDynamic Heater technology, advancing cement decarbonisation tech.
🟢 Centum Electronics signed strategic MoUs with BEL and GRSE for collaboration in defense electronics and systems integration.
🟢 Phoenix Mills entered share purchase agreement with CPP Investments to buy stake in ISMDPL for ₹276 Cr, strengthening its retail and commercial real estate presence.
🟢 Cosmo First formed 50:50 JV with Filmax in Korea to carry out distribution, sale, and marketing of flexible packaging and other products. Expanding market reach in Asia.
🟢 Indraprastha Gas approved alliance-cum-partnership agreement with Masah Construction Company in Saudi Arabia to obtain license and develop natural gas distribution networks in the region.
Economy & Sectors
🟢 India’s October CPI inflation dropped to record low 0.25%, with food inflation at -5.02%, signaling easing price pressures and potential for monetary policy flexibility.
🟢 Indian Govt approved ₹25,060 Cr export promotion mission to be disbursed over 6 years, expanding credit guarantee scheme by ₹20,000 Cr for exporters to boost international trade.
🟢 Indian Govt approved rationalisation of royalty rates for graphite, cesium and zirconium to boost mining sector efficiency and attract investments in critical minerals.
🟢 India’s smartphone exports hit record $2.4 billion in October, with first seven months totaling $16 billion. Strong growth.
🔴 India Govt declared New Delhi blast as terrorist incident, reiterating zero tolerance for terrorism with highest level monitoring to ensure security.
🟢 US House passed spending bill to end record government shutdown, with President Trump signing into law to restore federal operations and stabilize economy.
🟢 Dow Jones closed at record high, extending four-day rally by 1,300 points. Can be attributed to shutdown resolution hopes and positive market sentiment.
Company Results
Source: Company Filings, Finvezto Toolkit
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 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.