Today's Market at 08:35am
US Market (Futures)
Nasdaq = +0.20
Dow Jones = +13.50
S&P 500 = +1.50
European (Futures)
Ftse 100 = +36.20
&n...
Today's Market at 08:35am
US Market (Futures)
Nasdaq = +0.20
Dow Jones = +13.50
S&P 500 = +1.50
European (Futures)
Ftse 100 = +36.20
Cac 40 = -4.70
Dax = -2.50
Asian
Nikkei 225 = +171.46
ASX 200 = +67.50
Straits Times = +7.28
Hang Seng = +73.75
KOSPI = +15.07
Taiwan weighted = +22.24
Shanghai (SSE) = +2.02
Gift Nifty = 22766 (+87.00)
FII and DII Trading Activity for March 25, 2025 in Cash market:
FIIs: Net Buy of ₹5371.57 crore
DIIs: Net Sell of ₹2768.87 crore
Summary of Key Business Developments:
1. NCC – Secured two advance work orders worth ₹10,804.6 crore from BSNL for BharatNet projects in Uttarakhand and Madhya Pradesh.
2. Welspun Enterprises – Its subsidiary won a ₹328.12 crore contract from BMC for upgrading the Haji Ali Storm Water Pumping Station.
3. Waaree Renewable Technologies – Received a ₹232.3 crore Letter of Award for an EPC solar power project (170 MW AC/255 MW DC).
4. Federal Bank – Increasing its stake in Ageas Federal Life Insurance from 26% to 30% via a 4% stake acquisition.
5. Maruti Suzuki – Received a draft tax assessment order proposing ₹2,966 crore in additional liabilities.
6. Prism Johnson – Declared as the preferred bidder for two limestone mining blocks in Madhya Pradesh.
7. Minda Corporation – Board to consider fundraising on March 28.
8. ONGC – Investing ₹3,300 crore in ONGC Green for acquiring Ayana Renewable Power and ₹1,500 crore in a Mozambique energy project.
9. Siemens India – NCLT approved the demerger of its energy business into Siemens Energy India.
10. Brainbees Solutions (Firstcry) – Infusing ₹146 crore into Globalbees Brands and AED 9 million into Firstcry Management DWC LLC.
11. TVS Motor – Acquiring an additional 8.26% stake in GO Corporation, Switzerland, for CHF 500,000.
12. Indian Overseas Bank – Received a ₹558.96 crore tax demand order but expects no financial impact.
13. Jyothy Labs – Selling its 75% stake in Jyothy Kallol Bangladesh for BDT 3.02 crore.
14. BHEL – Extended its technology collaboration with Vogt Power International for heat recovery steam generators.
15. Indegene – Its Irish subsidiary acquiring MJL Communications Group for £3.4 million.
16. DLF – Subsidiary DLF Home Developers acquired a 49.997% stake in DLF Urban for ₹496.73 crores
17. Asahi India – Started commercial operations at its new float glass facility in Rajasthan.
18. Aditya Birla Capital – Invested ₹40 crore in Aditya Birla Capital Digital with no change in ownership.
19. SIS – Approved a ₹150 crore share buyback at ₹404 per share.
20. Dredging Corporation of India – Appointed Durgesh Kumar Dubey as MD & CEO effective April 16.
21. Jindal Stainless – Acquiring a 5.03% stake in Mynd Solutions for ₹102.7 crore, raising total stake to 9.62%.
22. Granules India – Approving internal restructuring of U.S. subsidiaries to simplify legal and operational structures.
23. Waaree Energies – Inaugurating a 5.4 GW solar cell plant in Gujarat on March 29.
24. Ashoka Buildcon – CCI approved the acquisition of 100% stake in 11 road SPVs by Epic Concesiones 2.
25. IRFC – Signed a ₹5,000 crore loan agreement with NTPC Renewable Energy.
26. Redington – Received a ₹175.1 crore income tax demand order but expects no material financial impact.
27. IREDA – Approved a ₹30,800 crore borrowing plan for FY 2025-26 and raised ₹910.37 crore via bonds.
28. NTPC Green Energy – Commissioned the last 100 MW of the 320 MW Bhainsara solar project in Rajasthan.
29. Arvind SmartSpaces – Sold out its ₹180 crore residential project in Bengaluru.
30. Mukka Proteins – Investing ₹20 crore for majority stakes in two bio-tech companies.
31. HCL Technologies – Launched an AI-powered industry analytics solution called HCLTech Insight.
32. Infosys – Established a new wholly-owned subsidiary in the Netherlands.
33. Advait Energy Transitions – Became the L1 bidder for Power Grid’s optical ground wire installation contract.
Bulk Deals
Kesoram Industries:
Axis Securities sold 27.29 lakh shares in Kesoram at an average price of Rs 5.47 per share.
Resourceful Automobile:
Plutus Capital Management LLP bought 14,400 shares in Resourceful Automobile at an average price of Rs 53.02 per share
Block Deals
Samvardhana Motherson International:
Goldman Sachs (Singapore) Pte - ODI bought 65.48 lakh shares in Motherson at an average price of Rs 132.7 per share, from Kadensa Master Fund.
Federal Bank:
Integrated Core Strategies (Asia) Pte bought 9.8 lakh shares in the bank at an average price of Rs 195.8 per share, from UBS AG.
Glenmark Pharma:
Integrated Core Strategies (Asia) Pte acquired 2.64 lakh shares in Glenmark at an average price of Rs 1,492.65 per share, from UBS AG.
Max Financial Services:
Integrated Core Strategies (Asia) Pte purchased 11 lakh shares in Max Financial Services at an average price of Rs 1,157.35 per share, from UBS AG.
Stock Trades Ex-Bonus:
Dhanalaxmi Roto Spinners
Stocks Trade Ex-Dividend:
REC, TVS Motor Company
Stock Trades Ex-Date for Income Distribution (InvIT):
Interise Trust
Stocks in F&O ban:
IndusInd Bank