Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 KNR Constructions received a Letter of Acceptance for a ₹2,163 Cr elevated corridor project on Chennai’s East Coast Road under Hybrid Annuity Mode from the Tamil Nadu government.
🟢 GR Infraprojects received a Letter of Acceptance for a ₹1,897.51 Cr EPC railway project from West Central Railway.
🟢 GPT Infraprojects secured a ₹1,201.36 Cr contract in JV with RVNL (40% share at ₹480.54 Cr) for a rail-cum-road bridge over the Ganga at Varanasi.
🟢 BHEL received a Letter of Acceptance from SAIL for an order valued between ₹1,200 Cr and ₹1,500 Cr.
🟢 Dilip Buildcon was declared L-1 bidder for a ₹668.02 Cr Narmada Flood Protection EPC project by the Gujarat government.
🟢 Godrej Enterprises bagged the aviation security modernisation contract at Cochin Airport.
Partnerships, Investments & Acquisitions
🟢 Hexaware Technologies announced a joint offering with Replit to drive rapid prototyping to productionizing for enterprise applications.
🟢 Tata-Airbus unveiled India’s first private-sector H125 helicopter final assembly line in Vemagal, Karnataka, inaugurated by PM Modi and French President Macron.
Core Business & Regulatory
🟢 Bharti Airtel secured RBI registration as a Type II NBFC-ND (ICC) to commence non-banking financial operations.
🟢 Dabur India elevated Mohit Malhotra to Global CEO and appointed Hershey executive Herjit Bhalla as CEO for its India business.
🟢 Dr Reddy’s Laboratories plans to launch a generic version of Novo Nordisk’s blockbuster Wegovy weight-loss drug in India at up to 60% lower price than the branded product.
🟢 Allcargo Logistics expanded trans-shipment centres from 21 to 71 and serviceable pin codes from 4,900 to over 10,000 to support e-commerce and quick-commerce growth.
🔴 Ola Electric’s CEO Bhavish Aggarwal says service bottlenecks continue to weigh on volumes, though a regional rebound is visible.
🔴 Blue Star confirmed a 10–15% rise in air conditioner prices this quarter due to higher commodity costs, energy-efficiency label changes, and currency pressures.
Economy, IPO & Other
🟢 India and France extended their defence cooperative agreement for another decade and signed more than 20 bilateral agreements including on critical raw materials and double taxation avoidance.
🟢 France’s President Macron expressed intent to partner with India on high-speed trains, relevant for Siemens, BHEL, Titagarh, RVNL, and IRCON. He also plans to sign a critical raw materials roadmap with India, relevant for GMDC, MOIL, Vedanta, and NMDC.
🟢 PM Modi said AI will help transform India’s IT sector to $400 billion by 2030 and targets India among the top 3 AI superpowers by 2047.
🟢 Government is seeking views on exempting 350 medical devices from Global Tender Enquiry norms, potentially benefiting Poly Medicure and Tarsons Products.
That’s it for today.
FINVEZTO.COM | Build Wealth. With Clarity.
We give you a proven system to build a resilient portfolio that works across market cycles, your lifetime & beyond. Make your wealth flexible. Learn more about the system at finvezto.com
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.
Very Helpful, Thank you.