Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Kalpataru Projects awarded new orders worth ₹2,471 Cr across metro rail, Power T&D, and building sectors.
🟢 Mastek secured initial £15 million (₹185 Cr) two-year contract with FCA to strengthen digital delivery capability with possible extension.
🟢 Time Technoplast secured ₹115.56 Cr order from a PSU for Type IV Composite CNG Cascades to be executed within one year.
🟢 Supreme Power Equipment secured ₹113.61 Cr orders from KSEB and Tamil Nadu Power Distribution for new projects.
🟢 Mafatlal Industries bagged ₹114 Cr five-year order from Odisha Computer Application Centre for establishing 500 robotic laboratories across Odisha.
🟢 Subex bagged €2.7 million EAM deal from a leading North African telecom operator.
Partnerships, Investments & Acquisitions
🟢 Varun Beverages acquiring 100% equity stake in South Africa’s Crickley Dairy for enterprise value of ₹131.4 Cr.
🟢 Strides Pharma Science entered agreement to buy and in-license generic brands from Sandoz in Africa for US$12 million with deal expected to close by end of Q2 FY27 pending regulatory approvals.
🟢 Zydus Lifesciences entered licensing agreement with Lupin for co-marketing Semaglutide injection in India under brand names Semaglyntm and Livarise.
Core Business & Regulatory
🟢 Ather Energy doubled service network to 500 centres across India reflecting growing retail footprint and strong demand.
🟢 TCS launched Rapid Outcome AI platform powered by NVIDIA to accelerate AI deployment across industries.
Economy, IPO & Other
🟢 Civil Aviation Ministry proposes up to ₹1,800 Cr as incentives to manufacture drones in India benefiting companies like IdeaForge and Time Techno.
🟢 Finance Minister Nirmala Sitharaman confirmed India’s domestic LPG supplies will remain steady amid Middle East tensions.
🟢 LPG tanker Nanda Devi carrying ~45,000 metric tonnes of gas arrived at Vadinar port Gujarat after crossing Strait of Hormuz.
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.