Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 TCS secured a five-year deal with SAP to transform its IT landscape using Cloud and Generative AI, establishing 4 Centers of Excellence for Gen AI, Cloud, Customer Experience, and business platforms.
🟢 Wipro announced multi-year engagement with Odido Netherlands B.V. to transform its IT landscape and enhance customer experience.
🟢 Om Infra secured orders for Dibang Hydro project and UP Jal Nigam under Jal Jeevan Mission. Mainly due to Indus Treaty changes and asset monetization in the hydropower sector.
🟢 Voltamp Transformers secured ₹85 Cr order from Gujarat Energy Transmission Corporation for supply of transformers.
🟢 Refex Industries obtained order valued at ₹100 Cr for supply of refrigerants and gases.
🟢 Sterling and Wilson Renewable won a 240 MW AC turnkey solar project in South Africa valued at ₹1,313 Cr.
Core Business & Regulatory
🟢 Global Health (Medanta) established a 550-bed super speciality hospital in Noida to strengthen its NCR footprint.
🟢 Lemon Tree Hotels signed license agreements for two new properties in Gujarat and Uttarakhand.
🟢 Brigade Enterprises signed a 4.86 acres land lease deed in Kerala for 90 years, aimed at developing commercial or residential projects.
🟢 VST Tillers Tractors unveiled its first-ever electric vehicle power tiller and weeder, targeting sustainable farming solutions.
🟢 Tolins Tyres launched new depot in Gujarat effective December 1, aimed at improving distribution and market reach in western region.
🟢 Intellect Design Arena launched PF Credit suite in the Philippines powered by Purple Fabric to help banks enhance lending capabilities digitally.
🔴 Ashoka Buildcon suspended from participating in NHAI bids for one month.
Partnerships & Acquisitons
🟢 TVS Motor surpassed 200,000 unit production milestone under partnership with BMW Motorrad and commenced manufacturing the new BMW F 450 GS at its Hosur plant for global distribution.
🟢 Adani Enterprises acquired 72.8% stake in FSTC in a deal worth ₹820 Cr, strengthening aviation and pilot training capabilities.
🟢 Adani Enterprises via Adani Airport Holdings took over AGHPORT Aviation Services to expand airport-related operations.
🟢 Tata Elxsi partnered with Druid Software to integrate Raemis 4G/5G core platform into xG-Force Lab-as-a-Service, accelerating enterprise adoption of private 5G networks for digital transformation.
🟢 Kellton Tech Solutions acquired Kumori Technologies for up to ₹52.50 Cr to enhance global ServiceNow and AI-led intelligent automation capabilities.
🟢 RateGain Travel Technologies renewed multi-year partnership with Singapore Airlines extending use of AI-powered AirGain platform for pricing intelligence and revenue management for 4 more years.
Economy, Industry & Other
🟢 Government planning to open nuclear sector for private companies, potentially boosting investments and participation from firms like HCC in atomic energy projects.
🟢 Supreme Court called for independent effective regulator for social media content to ensure accountability, addressing concerns over platform governance and user protection.
🟢 Telecom companies changed select tariff plans in November with increases of 5 to 20%.
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.