Things I read yesterday as part of my stock research activities.
New Orders & Projects
🟢 Sterling & Wilson Renewable won three EPC projects totaling ~₹1,772 cr: L1 for 363 MWp (Rajasthan) and 580 MWp (UP) BOS solar plants, plus a 115 MWp LOI in South Africa. FY26 order inflows so far at ~₹3,775 cr.
🟢 RPP Infra Projects Ltd secured a ₹125.92 crore Ministry of Defence contract for civil and housing works at NADFM Pune, execution timeline 36 months .
🟢 Goyal Salt received a ₹78.36 crore order from the Chhattisgarh Government to supply 75,000 MT iodized Amrit Salt under state schemes.
Partnerships & Acquisitions
🟢 Marathon Nextgen Realty entered a joint venture with Adani Realty for Monte South Commercial project in Mumbai with GDV of ₹3,400 Cr and 1.2 million sq.ft area.
🟢 Tata Technologies partnered with Synopsys to accelerate Software-Defined Vehicle programs using electronics-digital-twin virtualization and early validation. A pilot delivered an E/E-architecture migration blueprint for a European luxury OEM. Further pilots underway.
Core Business & Regulatory
🔴 Dixon cut FY26 revenue growth guidance to 30 - 35% (from 40 - 45%), citing a cautious demand outlook. It trimmed smartphone volume targets to 40–42 million and 55–60 million in FY27.
🔴 Punjab National Bank says RBI’s new Expected Credit Loss rules will require forward-looking provisions, cutting profits initially. It estimates a ~$1 billion hit and about 0.85 percentage-point dip in capital ratios. The transition starts April 2027 and runs to 2031, which PNB expects to absorb through internal operations.
🟢 Time Technoplast subsidiary Power Build Batteries received ICAT approval for e-Rickshaw batteries projecting ₹150 Cr revenue over three years.
Economy, IPOs & Other
🟢 RBI bulletin expects inflation to remain aligned with target and core inflation contained. RBI bulletin also states domestic economic activity remains resilient and expected to maintain momentum.
🔴 U.S - China tariffs: President Trump threatened tariffs up to 155% on Chinese imports if no deal by Nov 1, alongside a planned meeting with Xi in South Korea.
🔴 China shipments of rare-earth magnets to US and EU dropped in September.
🟢 Beijing said it’s willing to work with New Delhi to manage ties “from a strategic height” after recent high-level contacts.
🟢 Avaada Electro IPO: Brookfield/PTT-backed unit confidentially filed a DRHP with SEBI to raise ₹9,000–10,000 cr for capacity expansion (incl. 5.1 GW UP facility). Avaada develops utility-scale solar, manufactures cells and modules, and pursues green hydrogen, ammonia, and storage.
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.