New Orders & Contracts:
• JSW Energy: Secures renewable energy projects totaling 20 GW capacity, including 3.1 GW C&I projects.
• NBCC: Wins an order worth ₹491 Cr.
• PPAP Auto: Bags ₹118 Cr order, with ₹50 Cr dedicated to EV business.
• SEAMEC: Signs a $3.46M charter hire deal for the SEAMEC SWORDFISH in Saudi Arabia and UAE.
• Surana Solar: Bags ₹190 Cr, 54 MW solar project with Maharashtra SECL.
• WAAREE Energies: Secures 398 MW solar module projects for FY 2025-26.
• RMC Switchgears: Announces a ₹100 Cr, 1 GWp solar product facility in Jaipur.
• Premier Roadline: Wins ₹30 Cr logistics order for over-dimensional cargo transport.
• Sumit Woods: Announces a ₹2,747 Cr redevelopment project in Mumbai.
Corporate Updates & Announcements:
• Glenmark Pharma: Launches Lacosamide Oral Solution in the US, bioequivalent to UCB's Vimpat®.
• Wockhardt: Zaynich™ facilitates a successful liver transplant in a US cancer patient.
• Zydus Life: Acquires a 6.5% stake in Mylab Discovery Solutions for ₹106 Cr.
• EaseMyTrip: Becomes title sponsor of Big Cricket League with fan engagement initiatives.
• Vedanta: Declares ₹8.5 interim dividend, totaling ₹3,324 Cr for FY 2024-25.
• Patanjali Foods: Starts production at Niglok Palm Oil Processing Mill, Arunachal Pradesh.
• Gravita India: Launches QIP fundraising with a floor price of ₹2,206.49/share.
• Tata Motors (TT Ltd.): Approves a 1-for-10 stock split.
Strategic Partnerships & Agreements:
• DroneAcharya: Expands into UAE by establishing a subsidiary with a 99% stake.
• Prudential Sugar: Signs MoU with Rajasthan Govt. for a 100 MW Solar Park in Bikaner, with ₹450 Cr investment.
• JSW Energy: Partners for a 445 MW C&I renewable energy capacity project.
Infrastructure & Expansions:
• Airo Lam: Expands production with a new laminate press and hot water system.
• Surana Solar: Signs a 25-year PPA for ₹190 Cr, 54 MW solar project with Maharashtra SECL.
Appointments & Resignations:
• RBL Bank: RBI approves reappointment of Mr. R Subramaniakumar as MD & CEO until June 2028.
• Atul Ltd: Dr. Parasu Veera Uppara appointed as President, Aromatics Business.
• Sunita Tools: Acquires a 55% stake in Tripathi Aerotech, entering the defense aerospace sector.
Regulatory & Legal Updates:
• India Pesticides: Income Tax Department conducts searches at company premises.
• Mawana Sugar: Under investigation by ACB for GST fraud.
• Adani Power: Bombay HC dismisses plea challenging a power supply contract.
• Blackstone: Emerges as lead bidder for a 20% stake in Haldiram, valued at ₹67,883 Cr.
Market Insights & Industry News:
• Indian Tourism: World Travel & Tourism Council predicts the tourism sector to reach $523 billion by 2034, creating 20M new jobs.
• DIPAM: Issues revised guidelines for CPSE capital restructuring.
• Fitch Ratings: Highlights potential trade risks and shipping oversupply concerns for 2025.
Fundraising:
• Gravita India: Launches QIP fundraising, setting the floor price at ₹2,206.49/share.
• Blackstone: Bids for a 20% stake in Haldiram, valued at ₹8B.
Dividends:
• Vedanta: Declares ₹8.5 interim dividend, totaling ₹3,324 Cr for FY 2024-25.
• Tata Motors (TT Ltd.): Approves a 1-for-10 stock split.
Other Updates:
• SRF: LIC increases its stake to 5%.
• Caplin Point: Receives USFDA approval for Difluprednate Ophthalmic Emulsion.
One big major sector to enter momentum this week was Textiles:
Most of the stocks within textiles industry did well this week, have broken out recently and expected to continue their momentum. There are a few reasons behind the market bullishness towards textile sector. Upcoming Free Trade Agreements with countries like UK and EU Increasing migration of value chain from Bangladesh Bangladesh losing its under-developed country status in 2026 and along with that all the import subsidies it enjoys in the EU Growing demand for fast fashion across the world Textiles as a sector has been growing its earnings for the last 3 quarters Below is a chart of a textile index made up of the top 9 textiles companies in India vs Nifty 500.
Latest IPO GMP:
1. Inventurus Knowledge Solutions IPO priced at 1329, Shows a GMP of 406 - 30%
2. One Mobikwik Systems IPO priced at 279, Shows a GMP of 166- 59%
3. Vishal Mega Mart IPO priced at 78, Shows a GMP of 20- 26%
4. Sai Life Science IPO priced at 549, Shows a GMP of 62- 11%
5. International Gemmological Institute India IPO priced at 417, Shows a GMP of 97- 23%
6. Mamata Machinery IPO priced at 243, Shows a GMP of 93 - 38%
7. Transrail Lighting IPO priced at 432, Shows a GMP of 0 - 0%
8. Concord Enviro Systems IPO priced at 701, Shows a GMP of 0 - 0%
9. Dam Capital Advisors IPO priced at 263, Shows a GMP of 0 - 0%
10. Sanathan Textiles IPO priced at 321, Shows a GMP of 0 - 0%
11. Ventive Hospitality IPO priced at TBA, Shows a GMP of 0 - 0%
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