Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 NBCC received multiple new work orders totaling about ₹116 Cr, adding sizeable construction and project management assignments to its pipeline.
🟢 RVNL emerged as the lowest bidder for a railway project worth about ₹181 Cr, strengthening its infrastructure order book.
🟢 RKEC Projects received a work order worth ₹198 Cr, a meaningful win relative to its only ₹135 Cr market cap.
🟢 HG Infra Engineering through a joint venture with Kalpataru Projects International was declared lowest bidder for a large project worth about ₹1415 Cr.
🟢 KNR Construction received a letter of award worth about ₹320 Cr, supporting its road and infrastructure execution pipeline.
Core Business & Regulatory
🟢 Ashok Leyland is preparing to launch a new range of heavy duty trucks, strengthening its product portfolio in commercial vehicles and targeting market share gains in medium and heavy truck segments.
🟢 Tata Chemicals approved investments of ₹135 Cr in soda ash capacity expansion and ₹775 Cr in silica expansion, indicating aggressive capex.
🟢 Jyoti CNC Automation started operations at its Huron facility in France, effectively doubling overall capacity and better equipping the company to meet rising aerospace sector demand and serve global customers.
🟢 Trident Limited announced a ₹2,000 Cr expansion plan in Punjab, including ₹1,500 Cr for terry towel and paper facility modernization and ₹500 Cr for corporate office and capacity building centre.
🟢 Godrej Properties acquired a 75 acre land parcel in Nagpur for a plotted residential project, exceeding its FY26 business development guidance.
🟢 BirlaNu announced a new fibre cement board plant in Nellore district, Andhra Pradesh with phase 1 investment of ₹127 Cr.
🟢 Aptus Pharma announced strategic entry into the urology therapy segment as part of business expansion
🔴 Tata Consumer managing director indicated the earlier target of 1,000 Starbucks stores will not be met, and store growth plans for Tata Starbucks will need to be revised downward.
🔴 Hindustan Aeronautics faced a setback as Indian Air Force reported a Tejas fighter aircraft crash at the Dubai Air Show, with details being ascertained and safety questions likely to be examined.
Partnerships & Acquisitons
🟢 Tata Power Company and Druk Green Power Corporation signed commercial agreements for implementing the 1,125MW Dorjilung hydropower project in Bhutan
🟢 Brainbees Solutions acquired an additional 20 percent stake in DF Pharmacy for about ₹21.56 Cr, raising its holding to around 80 percent and deepening its healthcare commerce presence.
🟢 Adani Enterprises also saw its unit Kutch Copper sign an exploration deal with global copper giant Codelco, enabling collaboration on copper exploration.
Economy, Industry & Other
🟢 India’s manufacturing PMI stood at 57.4 and services PMI was about 59.5, indicating continued expansion in both sectors with some moderation in manufacturing and acceleration in services.
🟢 India reopened tourist visas for Chinese citizens after a five year freeze, potentially boosting inbound tourism.
🔴 One97 Communications (PayTM) reported secondary share sales by Elevation Capital V Limited and other investors, indicating partial profit booking by early institutional shareholders.
🟢 InterGlobe Aviation (Indigo) will join the Sensex 30 index from 22 December, becoming the first aviation company in the Indian benchmark index and likely attracting incremental passive and index linked flows.
🟢 Amazon launched grocery delivery service on its app, expanding its presence in everyday essentials.
That’s it for today.
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