Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 DCX Systems secured a purchase order worth ₹563.45 Cr from a domestic customer for the manufacture and supply of Maritime Patrol Radar Systems.
🟢 Ceigall India’s subsidiary emerged as the L1 bidder for an NHAI tender in Punjab worth ₹603 Cr, involving a 10.3 km 6-lane Hybrid Annuity Mode contract.
🟢 RITES secured a ₹105.69 Cr RDSO contract for 5-year maintenance of Dedicated Test Track in Jodhpur Division (NWR).
Partnerships, Investments & Acquisitions
🟢 Oberoi Realty acquired 100% of Hotel Horizon Private Limited (HHPL), which owns and manages hotel real estate assets in Mumbai, for ₹919.25 Cr.
Core Business & Regulatory
🟢 Tata Power’s imported coal-based power plant in Gujarat has been mandated by the government to operate at full capacity from April to June.
🟢 Powergrid approved the merger of 28 subsidiaries to streamline structure and improve efficiency.
🟢 MCX is in positive volume momentum with Q4 overall options premium turnover up 51% QoQ and energy segment ADTO (Average Daily Turnover) up 83% QoQ.
🟢 BSE reported ADTO in Q4 up 51% QoQ with market share increased to an all-time high of 31%.
🔴 Tata Motors Passenger Vehicles will hike passenger vehicle prices by 0.5% from April 1.
🔴 IOCL hiked industrial diesel price to ₹109.59 from ₹87.57 per litre.
🔴 Eternal hiked its food delivery platform fee to ₹14.90 from ₹12.50 per order.
Economy, IPO & Other
🔴 IndiGo, SpiceJet, and Air India opposed the government’s 60% free seat selection diktat saying it will force airfare hikes.
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.