Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Ashoka Buildcon received a Letter of Award from Liberia’s Ministry of Public Works for an EPC road upgrade project worth $45.28 million.
🟢 SPML Infra won a ₹345 Cr water infrastructure order, adding to its execution pipeline in municipal and utility water segments.
Partnerships, Investments & Acquisitions
🟢 Le Travenues Technology, operator of ixigo, acquired a 60% stake in Spain-based Online Travel Solutions S.L. (“Trenes”), the country’s second-largest online train ticket OTA, for €11.70 million to expand globally.
🟢 Amber Enterprises acquired 50% in Stelltek Technologies, which manufactures, assembles and designs wearables and smart electronics products.
Core Business & Regulatory
🟢 Reliance Industries has received a US general licence to directly purchase Venezuelan crude, giving its Jamnagar refinery access to discounted heavy oil
🟢 CarTrade Tech launched a Multi-Agent AI Ecosystem across CarWale and OLX India to automate transactions.
🟢 Zydus Lifesciences received USFDA final approval for Ammonium Lactate Cream 12%, with U.S. sales opportunity of $15 million.
Economy, IPO & Other
🟠 SEBI indicated it will maintain status quo in derivatives despite concerns on excessive F&O speculation, suggesting no immediate additional curbs beyond recent measures.
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.