On Wednesday, 2705 stocks advanced, 1248 declined and 97 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 2.16 indicating positive closing of stocks in broader markets. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, securities 69 advanced and closed at a new 52-week high whereas 18 securities sank to close at their new 52-week lows. In sectoral indices, Nifty FMCG, Nifty Energy and Nifty Infrastructure among the biggest losers. Nifty Pharma, Nifty Media and Nifty Auto among the biggest gainers.
NBCC (India) (+0.75%) received work order worth around Rs50 crore from Sports and Youth Service Department, Govt of Odisha. The order is for construction of integrated sports complex, in Dhamnagar Bhadrak, Odisha.
Bajaj Finance (+1.58%) raised Rs500 crore through the allotment of 50,000 non-convertible debentures (NCDs), at face value of Rs1 lakh each, on private placement basis.
TVS Motor Company (+1.53%) entered into a partnership with Ecofy, India's pioneering green-only NBFC backed by Eversource Capital and dedicated to bridging the climate finance gap in the Indian retail sector.
Ceinsys Tech (+19.99%) received Letter of Award (LoA) from State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD), Government of Maharashtra amounting to Rs331.61 crore for appointment of system integrators (SI’s) for IoT Deployment including design, implementation & maintenance with centralized IoT Platform for Jal Jeevan Mission Projects in State of Maharashtra for phase II.
Kalpataru Projects International (+0.02%) entered into definitive agreement(s) for sale of its entire 100% stake in Vindhyachal Expressway (a wholly owned subsidiary) to Actis Atlantic Holdings, subject to requisite approvals and compliances of conditions precedent, for estimated enterprise value of around Rs775.00 crore, subject to certain closing adjustments.
WPIL’s (+6.13%) South African subsidiary, APE Pumps Pty, has entered into a share purchase agreement and acquired 100% shareholding of Eigenbau Proprietary, based in Bryanston, South Africa. Eigenbau Proprietary is a medium sized contracting company providing turnkey solutions in the water and wastewater sector with a strong presence in the South African market and important references across Southern Africa over the last 34 years
RMC Switchgears (+5.00%) was awarded a contract as the lead member of a consortium. The consortium will undertake solar power project aimed at solarising agricultural feeders in Maharashtra. The contract was awarded through a competitive bidding process and an e-reverse auction, marking a significant milestone for RMC Switchgears as it expands its footprint in the renewable energy sector. The consortium has secured three separate EPC and O&M contracts for three years in the Ahmednagar district of Maharashtra with consolidated order value of Rs201 crore
Tata Technologies (+0.45%) and the BMW Group established Joint Venture (JV) - BMW TechWorks India. With the final signing of the contracts and the approval of the authorities, the JV will commence operations with 100 employees across key technology hubs in Pune, Bengaluru, and Chennai. The venture is set to scale rapidly, targeting a four-digit workforce by the end of 2025, with a strong emphasis on attracting India’s top engineering talent. With BMW Group and Tata Technologies each holding 50% of the shares in this JV, this collaboration underscores a shared vision to drive innovation in automotive technology and business IT.
Welspun Enterprises (WEL) (+2.84%) secured a significant design and build contract for the design and construction of tertiary treated water conveyance tunnel from Dharavi wastewater treatment facility (WWTF) to Ghatkopar WWTF, from the Brihanmumbai Municipal Corporation (BMC). The contract, valued at Rs 1989.40 crore (excluding GST), encompasses the design and construction of two very deep shafts at Ghatkopar WWTF and Dharavi WWTF, and an 8.48 km long reinforced in-situ concrete lined tunnel of 2.7 metre finished diameter. This tunnel is to be constructed using tunnel boring machine (TBM). The project is to be completed within a timeframe of 93 months
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: