Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Bharat Forge secured a ₹1,661.9 Cr Ministry of Defence order to supply 255,128 indigenously developed CQB Carbines under a 5-year agreement.
🟢 B L Kashyap and Sons received a ₹364.07 Cr order from ESNP Property Builders for civil and structural works.
🟢 Dynacons Systems & Solutions won a ₹249.15 Cr RBI contract for Enterprise Applications Platform implementation, maintenance and learning services.
🟢 ZF Steering Gear India subsidiary secured a ₹151 Cr order for renewable energy components.
🟢 NBCC India concluded e-auction of 417 residential units in Greater Noida and Noida with ~₹1,045.40 Cr sale value, plus 1% marketing fee income.
Partnerships & Acquisitons
🟢 Indian Hotels Co sold its 25.52% stake in Taj GVK Hotels at ₹370 per share to Shalini Bhupal, monetising a non-core holding.
Core Business & Regulatory
🟢 Hyundai’s new Prime Taxi range marks its formal entry into commercial mobility with Prime HB (Grand i10 Nios–based hatchback) and Prime SD (Aura–based sedan), powered by a 1.2L Kappa petrol+CNG engine. Both models target fleet/taxi operators with low running costs, factory‑fitted CNG and mileage of about 27–28 km/kg. Prices start at ₹5.99 lakh for Prime HB and ₹6.89 lakh for Prime SD (ex‑showroom).
🟢 C.E. Info Systems expanded Mappls app with multimodal public transport routes including metro, rail and bus info for select cities, improving urban mobility use-cases.
🟢 Mastek Inc appointed Marc Berson, Google’s Head of Internal Systems, to its Board effective 01 Jan 2026, strengthening US leadership bench.
🔴 IndiGo received a ₹458 Cr tax penalty and market share slipped to 63.6% from 65.6% in Oct.
Economy, IPO & Other
🔴 IRDAI sought data on segmental commission payouts and flagged that excessive agent commissions may inflate insurance premiums.
🟢 Government said it is working to support Vodafone Idea and BSNL to avoid a telecom duopoly and keep the market competitive for consumers.
🟢 Mangalam Drugs saw investor Vijay Kedia buy 1.38 lakh shares at ₹24.15 per share.
That’s it for today.
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