Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 BLS International Services won a 5-year global visa outsourcing contract from the Slovak Republic to operate visa centres in over 80 countries.
🟢 TCS was selected by NHS Supply Chain for a 5-year AI and cloud transformation deal, strengthening its UK healthcare franchise.
🟢 Adani Energy Solutions received a letter of intent from PFC Consulting for developing a transmission system to evacuate power from a potential renewable energy zone, adding a large regulated asset opportunity.
🟢 Solar Industries received export defence orders worth ₹1,400 Cr to be executed over 4 years.
🟢 Goel Construction bagged an order worth about ₹173 Cr from the Aditya Birla Group, strengthening its order book in large private-sector construction projects.
🟢 Atal Realtech received a subcontract worth ₹49.47 Cr from ABH Developers for constructing a court building, boosting its order book in government-backed institutional projects.
Core Business & Regulatory
🟢 Gensol Engineering will see Noida-based Signodrive Tech deploy 4,000 Gensol EVs across Delhi-NCR and Bengaluru, supporting utilisation of its EV fleet despite ongoing insolvency proceedings.
🟢 Sequent Scientific received NCLT approval for its merger with Viyash Group, enabling R&D integration, manufacturing synergies, new FDF/API launches, a sharper CDMO & regulated markets focus.
🔴 KEC International was barred by PGCIL from bidding for new tenders for 9 months. KEC is evaluating options but expects no material operational impact due to its diversified order book.
🟢 Glenmark Pharmaceuticals obtained European Commission marketing authorisation for Winlevi cream to treat acne in adults and adolescents across 15 EU countries.
Partnerships, Investments & Acquisitons
🟢 LTIMindtree expanded its global collaboration with Microsoft to accelerate Azure cloud adoption and AI-powered transformation using Azure OpenAI and Copilot.
🟢 RPSG Ventures to acquire 40% of FSP Design Private Limited for about ₹455.17 Cr, entering the luxury apparel and accessories space and diversifying its consumer portfolio.
🟢 Ventive Hospitality invested around ₹110.5 Cr in OCDs of Soham Leisure Ventures, effectively acquiring the Hilton Goa Resort and strengthening its presence in high-end hospitality assets.
🟢 Suprajit Engineering entered an investment agreement to invest €1 million in Blubrake, gaining exposure to advanced braking technologies.
🟢 Azad Engineering signed an agreement with Pratt & Whitney Canada to enhance aerospace component manufacturing capabilities.
Economy, Sectors & Other
🟢 Navi Mumbai International Airport will start operations on 25 December with IndiGo and Akasa Air launching flights to Delhi, Bengaluru, Goa and Ahmedabad.
🔴 Enforcement Directorate conducted searches across premises of gaming firms WinZO and GamesKraft in Bengaluru and other cities, escalating regulatory pressure on real-money gaming.
🟢 Food Minister announced the government will consider industry demands to increase the minimum selling price of sugar, which would benefit sugar mills if implemented.
🟢 DHL Supply Chain’s large Bhiwandi warehouse deal pushed annual rentals above ₹110 Cr, signalling strong logistics demand and rising grade-A warehousing values around Mumbai.
🔴 China and Japan continued diversifying away from US Treasuries, with China’s share of foreign holdings falling to 8%, a 22-year low.
🔴 Dow Jones has fallen 2,200 points over 4 sessions ahead of Nvidia results and Fed minutes. Sentiment is risk-off.
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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.