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March 24, 2025

  • 24 MARCH 25: (24th March – 28th March 2025)
  • NIFTY INDEX CMP 23350.4
  • As we discussed in the previous report dated 17 March 25 market behaviour remained on the expected lines during the week passed by as we all are witness of potentially upward movement of nifty index upto 23403 on decisively breakout of its challenging resistances of 22557 and bearish gap of 24th February 25.
  • Further market were opened in gap down with slower negative bias on first day of week (Monday) but bulls didn’t allow the market to further go down, made the same low as is open, controlled the price action and continue to rise throughout the week without retracing has formed the long opening bullish morubozu Candlestick pattern on weekly chart. This suggests that attempts of bulls during past two weeks for its own existence were succeeded and changed the sentiments and character of market to positive.
  • Furthermore to continues to its prevailing uptrend if it’s decisively taken out the level of 23413 and sustained above this may results into further rally upto 23539 to 23683. If breakthrough above these and sustain may push the nifty index upto 23847 to 24026.
  • Market is under positive sentiments and still there is no sign of reversal but after a strong rally a small profit booking is expected. Candlestick reading, various EMA on daily and weekly chart and Fibonacci retracement from previous three swing high to present swing low of 21964 is suggests 23413 to 23539 as profit booking zone for nifty index hence if any profit booking take place may find immediate supports around 23185 to 23020, breakthrough below these supports and sustain may drag the nifty upto 23831 to 23677.
  • Bank Nifty OUTLOOK:
  • SPOT: 50593.55 Pcr : 1.34 Max Ce OI on 52000 & Max Pe OI on 49000
  • On March 21, 2025, the Bank Nifty index closed at 50593.55 marking an increase of 1.06% from the previous day. Throughout the trading session the total movement in bank nifty was 780.20 point from the range between an intraday high of 50672.15 and a low of 49891.95.
  • Previous day High 49891.95 and Low 49891.95 can be considered as resistance and support respective for today’s trading.
  • Technical view on Daily Chart
  • For today’s Important Technical Level in bank nifty are 50921 as resistance and 49728 as a support. On 21.03.25 a strong bullish trend candle is formed which supported by volume hence if index cross over 50900 to 51000 level and sustain then it may go up to 51300 approx. If index breach below 49700 can correct towards 49200 to 49100 zone.
  • The Relative Strength Index (RSI) for the Nifty Bank index at 68.4 which shows strong strength is back in bank nifty. Below 30 is considered oversold and above 70 overbought.
  • Bank nifty Day SMA Analysis
  • Bank nifty is trading above 6 out of 8 SMA’s (5, 10,20,30,50,100 Day).
  • Bank nifty is trading below 2 out of 8 SMA’s (150,200 Day).
  • Two bullish candlestick Pattern was identified in bank nifty.
  • • Belt Hold uptrend( In Weekly Chart)
  • • Long Line Uptrend( In Daily Chart)
  • Macro:
  • 1. Dollar index @ 103.74
  • 2. 10 years bond yield @ 4.249
  • 3. Vix @ 19.28 %
  • 4. Crude @ 71.61.
  • Note: Another volatile session was seen in US markets as well as in bullions. Dow covered almost 500 points from bottom closed almost flat (+32 points) . Gold almost covered 40 $ from bottom. We will see this volatility till at least 2nd April , as Trump administration will announced reciprocate tariffs and that will keep all assets calls on toes ( high volatility will be observed ) .
  • All commodities that includes Bullion, energy & metals will be volatile. Crude may give some upside movement (till 73.5-75 $) as war in Middle East is getting intensify & that will keep black Gold on a boil.
  • Conclusion: We need to be cautious, need to see what tariffs will be lived on various countries. As far as Indian market is concerned till now we are decoupled as Indian market was highly oversold & huge short were covered but still huge shorts are there in the system i am expecting some more short covering in monthly expire.
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • Beat The Street Bulletin
  • Date: 24-Mar-2025
  • Order Win
  • - MSTC: Wins work order from Coal India for e-auction of coal and products.
  • - Power Mech Projects: Secured ₹579 crore order from Bharat Heavy Electricals Limited.
  • - Eureka Industries: Wins ₹17.5 crore order from Madhuram Industries for rice.
  • ---
  • Acquisition
  • - Apollo Hospitals: Acquired 11.2% stake in Keimed Private Limited for ₹625.43 crore.
  • - Maithan Alloys: Acquired 100% shareholding in Eloise Builders & Constructions Pvt. Ltd. for ₹73 crore.
  • - Metropolis Healthcare: Acquired 100% stake in Core Diagnostics (Mauritius) Pvt. Ltd.
  • ---
  • Collaboration
  • - L&T: Elevated Subramanian Sarma to Deputy Managing Director & President.
  • - Lemon Tree: Signed license agreements for two new properties in Vrindavan and Navsari.
  • ---
  • Leadership Changes
  • - L&T: Elevated Subramanian Sarma to Deputy Managing Director & President.
  • - Kotak Bank: Appointed Mr. Bhavnish Lathia as new CTO and Mr. Vyomesh Kapasi as Senior Management Personnel.
  • ---
  • New Projects
  • - DMART: Opened a new store at Sankeshwar, Belagavi.
  • - Polyplex Corp: Commissioned a new BOPET thin film line and increased PET resin capacity in the US.
  • - Goyal Salt: New Gandhidham plant operational by March 2025 with a ₹380 crore investment.
  • - Ola Electric: Commenced deliveries of S1 Gen 3 scooters across India.
  • - Everest Industries: Postponed its steel buildings manufacturing facility establishment to FY 2025-26.
  • ---
  • Fundraising
  • - UCO Bank: Launched a QIP of ₹2,000 crore at a discount to the market price.
  • ---
  • Bought/Sold
  • - TBO Tek: Large trades in shares with multiple entities like ICICI Prudential Mutual Fund and Nippon India Mutual Fund buying and others selling.
  • - Reliance Industries: Acquired a 74% stake in Nauyaan Shipyard from Welspun Corp for ₹382.73 crore.
  • - Motilal Oswal: Sold 8,00,000 shares as part of a charitable commitment.
  • - Shoppers Stop: Set to open nine new INTUNE stores across India.
  • - Manappuram Finance: Large trade with Bank of America Securities Europe selling 40.4 lakh shares.
  • ---
  • Credit Ratings
  • - Sammaan Capital: Moody’s upgraded the outlook from stable to positive.
  • ---
  • Miscellaneous
  • - Fortis Healthcare: Ex-parte injunction order regarding a dispute between CTSH and Shrimann Superspecialty Hospital.
  • - Rajshree Sugar: Settled loans under One-Time Settlement scheme for ₹58.56 crore.
  • - IL&FS: Executed a share purchase agreement to sell equity stake in Chenani Nashri Tunnelway to Cube Highways for ₹5,300 crore.
  • - Saurashtra Cement: Annual maintenance shutdown at the cement plant.
  • - HAL: Received directive to pay ₹2,471 crore under Maharashtra's Amnesty Scheme.
  • - Ramco Cement: Income Tax appeal on disputed tax amount of ₹11.60 crore.
  • ---
  • USFDA Approval
  • - SMS Pharma: Successfully completed a USFDA inspection at its API manufacturing facility.
  • - Alembic Pharmaceuticals: Completed a USFDA GMP inspection at its API-III facility.
  • ---
  • Regulatory Approvals
  • - Precision Wires: Board approved a ₹188 crore project for copper recycling and refining in Gujarat.
  • - Sweelect Energy: Board approved ₹2.5 crore investment in its subsidiary, Noel Media & Advertising Pvt. Ltd.
  • ---
  • TG: [https://t.me/BeatTheStreet10]
  • Stay updated with Beat The Street
  • UNCTAD REPORT TERMS INDIA'S TRADE MOMENTUM AS STRONG DESPITE GLOBAL HEADWINDS IN Q4 2024 ; COMMERCE MINISTRY
  • UNCTAD report says Global trade in goods and services rose 3.7% during 2024 (calendar year)
  • Record high largely driven by increase in services trade, goods trade saw a more modest increase
  • Overall, global trade expanded by almost $1.2 trillion in 2024, with goods contributing approximately $500 billion and services $700 billion
  • India, USA, China are major growth drivers in goods and services trade
  • India's export of goods and services registered a growth of 6.3% in 2024 (calendar year) as against global annual trade growth of 3.7% in 2024
  • HINDUSTAN COPPER: CO EXPECTS TO GENERATE RUPEES 2,400 CR IN REVENUE OVER THE NEXT 20 YEARS FROM A CONTRACT WITH JSW GROUP FIRM || WILL REVIVE JHARKHAND’S RAKHA MINE, BOOSTING COPPER SUPPLY AND REDUCING IMPORTS - ET
  • SYNGENE INT : Syngene International Limited has received an order from the Income Tax Department for the assessment year 2018-19, revising its tax demand to ₹118.90 crore.
  • The company had previously appealed a March 2023 order that disallowed certain expenses and raised a ₹96.39 crore demand.
  • The appeal led to a directive for reassessment, and the revised order was issued on February 20, 2025.
  • Syngene is currently analyzing the order and considering further action.
  • ADANI ENERGY SOLUTIONS: CO WINS POWER TRANSMISSION PROJECT IN GUJARAT TO SUPPORT GREEN HYDROGEN PRODUCTION, INCLUDING SUBSTATION UPGRADES AND A 75 KM TRANSMISSION LINE FOR WORTH RUPEES 2,800 CR - ET
  • NUVAMA ON JINDAL STAINLESS
  • Maintain Buy, target ₹723 (earlier ₹836)
  • Company navigating rough waters amid soft export demand and high imports
  • Implied Q4FY25 EBITDA/t guidance at ~₹16,000
  • Weak exports and firm imports forcing JSL to divert volume to low-margin segments, impacting margins
  • Management has deferred downstream operations at Jajpur by 8-9 months (earlier expected by H1FY27)
  • Cutting FY25E/26E/27E EBITDA by 5%/10%/13% to factor in lower volume and profitability
  • MACQUARIE ON NTPC
  • Target 475
  • NTPC remains a compelling play on India's power demand
  • Upgrades to NTPC's thermal pipeline cannot be fully ruled out; further clarity on next long-term driver (nuclear) should emerge over next 6 months.
  • Near-term capacity additions - some slippage but manageable
  • SOLARIUM GREEN ; WINS RS 2.02 CR ORDER
  • Solarium Green Energy Limited has received an additional work order worth approximately ₹2.02 crore (excluding GST) from NTPC Vidyut Vyapar Nigam Limited.
  • The order involves expanding the capacity of a solar project under the Ministry of Home Affairs in Uttar Pradesh.
  • This contract will help broaden the company's customer base and enhance profitability.
  • Jefferies on HAL
  • Buy, Target 4715 ( 21% upside)
  • Mk1A deliveries will be back on track from 1QFY26 and execution of 97 additional Mk1A will not be disrupted
  • 7-12% topline exposure to GE engines in FY26E-27E
  • Estimated 3x rise in absolute profits over 6 years, 23%-+ROE, and debt-free B/S with technology should keep valuations elevated
  • NOMURA ON DLF
  • Maintain Neutral Rating , Target 700
  • The brokerage acknowledges DLF's strong pre-sales momentum but sees limited upside at current valuations.
  • Pre-sales are expected to grow 16% YoY to over ₹20,000 crore in FY26, driven by high demand in NCR and expanding annuity earnings.
  • Luxury projects like "The Dahlias," "Privana," and a Goa development will fuel growth, supported by a ₹27,200 crore project pipeline.
  • Between FY25 and FY27F, annuity income is set to grow at a 12% CAGR, with operating cash flow rising 15%, driven by rental assets in Gurugram and Chennai.
  • DLF's key strength is its vast 131 million sq ft land bank, valued at ₹75,200 crore, securing its competitive edge.
  • GUJARAT STATE PETRONET: CO HAS COMMISSIONED 18 MMSCMD GAS PIPELINE FROM CHHARA LNG TERMINAL, ENHANCING SUPPLY NEAR GIR NATIONAL PARK FOR WORTH 650 CR RUPEES - ET
  • JEFFERIES ON DLF
  • Buy , Target 1000
  • Co. maintains thecurrent high margin resi monetisation, doubling lease income to Rs100bn, raising dividend to 50% PAT and bringing group net debt to zero.
  • Cash flows and PAT are expected to ~2x by FY30. Stock trading at 30% NAV
  • discount is attractive
  • SAIL: CO TO BEGIN OPERATIONS AT TASRA COKING COAL MINE IN 20226 || CO'S GOAL IS TO BOOST STEEL PRODUCTION CAPACITY TO 35.65 MTPA BY 2031 - ET
  • Imagica:
  • Launch of Aqua Imagicaa water park in Indore
  • Emkay On Indian Markets
  • Expects 4.5% rally in markets to gather more steam
  • Market may rally due to more Fll inflows
  • Banks and NBFCs to lead the rally
  • Sectors Focus On ; Domestic Discretionaries & Investment and Capital Goods
  • Stay away from ; Sectors with significant exposure to US geography
  • MORGAN STANLEY ON DLF
  • Maintains 'Equal-Weight' With Target Price Of ₹910
  • No Reason To Chase Growth In Development Business Suggesting Near Term Caution
  • Found The Chairman's Tone To Be Conservative On The Development Business
  • NMDC ; Update On Wage Settlement
  • It is now informed that the Federation of the Unions asked their members to resume duties fully and extend their support and commitment to give best results.
  • The employees have resumed duties and normal operations have resumed at all the Projects.
  • Nirmal Bang Initiates Coverage on General Insurance:
  • Initiate coverage on the India General Insurance sector- Star Health (BUY at TP Rs 480, 22x FY27E EPS) and ICICI Lombard (BUY at TP Rs 2,075, 29x FY27E EPS).
  • Low non-life insurance penetration/density indicates huge scope for growth over a multi-year horizon; outlook remains positive driven by strong inherent demand for motor and health insurance products
  • RELIANCE IND ; OpenAI, Meta in talks with Reliance for AI partnerships in India: The Information Report
  • A possibility being discussed involved a relationship between Reliance Jio and OpenAI to distribute ChatGPT
  • IMAGICAAWORLD ENT ; Imagicaaworld Entertainment Limited Announces Strategic Expansion of Aqua Imagicaa brand with New Water Park in Indore, Madhya Pradesh
  • Indore park opening strengthens the company’s position as India's leading water park brand, following the success of the Surat Water Park launched in 2023
  • IMAGICAAWORLD; Aqua Imagicaa’s new Indore location strengthens its market leadership and expands its presence in central India.
  • Just 20 minutes from Ujjain and Indore, the 18-acre water park features 20 thrilling and family-friendly rides, offering a world-class leisure experience.
  • Perfect for summer outings, it promises fun for all ages.
  • MD says, "With Aqua Imagicaa Indore, our second park in the city and the largest in Madhya Pradesh, we now have eight parks nationwide.
  • This expansion meets the growing demand for quality water parks and strengthens our leadership in India's leisure industry.
  • L&T ; Sources Says L&T Is Likely Winning Bid For A Project Worth $4-4.5 Bn From Qatar Energy - CNBCTV18
  • Bid For A Project For Expansion Of North Field South Expansion Project
  • Qatar Increasing LNG Capacity From 70 mtpa To 126 mtpa
  • CNBC-TV18 Alert: L&T Does Not Comment To CNBC-TV18's Query w.r.t to Qatar Energy Order Win
  • L&T's Order Book At End Of Q3 Was At Rs 5.46 Lk Cr, Up 20% YoY
  • BIOCON; Biocon Pharma has received U.S. FDA approval for its ANDA Norepinephrine Bitartrate Injection, used to treat acute hypotension in adults.
  • This approval strengthens Biocon’s portfolio of complex drugs.
  • BIOCON: CO UNIT HAS RECEIVED APPROVAL FROM U.S. FDA FOR ITS ANDA NOREPINEPHRINE BITARTRATE INJECTION USP, SINGLE-DOSE VIAL, NOREPINEPHRINE BITARTRATE INJECTION IS INDICATED TO RAISE BLOOD PRESSURE IN ADULT PATIENTS WITH ACUTE HYPOTENSION
  • UPL ; Ajay Joshi Chemicals Says If the existing tariffs increased by another 10% (by the USA) on agrochemicals then Indian companies like UPL would gain significant sales share in the USA.
  • INSURANCE STOCKS ; GST on insurance may be slashed to 5%- Financial Express Report
  • Decision likely at next GST Council meet, Revenue loss to govt seen at Rs 36,000-crore.
  • Stand-up comedian Kunal Kamra is once again in controversy over his remarks on Maharashtra Deputy CM Eknath Shinde. A video containing derogatory comments sparked outrage among Shinde-led Shiv Sena supporters, leading to protests and legal action.
  • SEBI CHAIRMAN Says Once Certainty Is Established, FPI Laws Should Not Be Frequently Unsettled
  • India's Capital Markets Have Delivered Strong Returns
  • Since COVID, Global Realignments Have Occurred Incl Supply Chain Shifts, Trade Tensions
  • India Is Actively Engaging In Bilateral Trade Agreements And FTAs To Mitigate Impact
  • We Have One Of The Best Capital Market Infrastructures In The World
  • Our Role Is To Continuously Meet The Challenges In A Dynamic Environment
  • BofA on Voltas
  • Downgrade to Underperform from Buy; TP at Rs 1503
  • Harsh summer a consensus now; supply constraints behind
  • Remain cautious on medium-term issues
  • Voltbek's PAT breakeven is most likely beyond FY27 & could continue to drag earnings
  • Revival in investments for compressor could again increase capex
  • See significant RoE expansion only post FY27
  • Resurgence of competition in UCP business, losses in the Middle East project business remain
  • Exits in top management a key investor concern3
  • Spark initiates on Suven Pharma
  • Suven, unlike most Indian CDMOs, aims to be a technology-driven CDMO, expanding its capabilities beyond conventional small molecules.
  • The company has identified Antibody-Drug Conjugates (ADCs) and oligonucleotides as key growth drivers and is strategically building expertise in these segments.
  • The Suven-Cohance merger is expected to close in 1QFY26, and we assess financials & valuations on a proforma basis.
  • It estimate a 21% revenue CAGR and a 24% EBITDA CAGR over FY25-27E (proforma for Cohance, Sapala, and NJ Bio), driven by strong growth in the core Pharma CDMO segment, recovery in Specialty Chemicals, and capability/capacity enhancements & synergies from the Sapala/NJ Bio acquisitions.
  • CLSA on HCL Tech
  • Upgrade to Outperform from Hold; Cut TP to Rs 1811 from Rs 1882
  • Current macro uncertainty to lead to higher demand in favour of HCL
  • Strong set of capabilities around cloud migration, next only to Accenture
  • Most stable demand commentary for Q4 leads to higher EPS estimates
  • KEI IND Management Says Will Take 4-5% For Any New Player To Make Inroads In The C&W Market
  • We Know The Business Dynamics Of This Industry For Over 4 Decades
  • Will maintain Our MarginsMatt Orton, Raymond James Investment on CNBC-TV18
  • Cautioning Against Leaning Into Relief Rallies Globally, Especially In The US
  • Do Not Think Trump's Reciprocal Tariffs Might Impact India As Much
  • Keep An Eye On HDFC Bk; Mkt Seems A Bit Too Pessimistic About Their Ability To Expand NIMs
  • Still Believe There Could Be A Surprise On April 2
  • Can See Stronger Gains In India If Rally Continues Post 2nd April
  • TEJAS , VALIANT COMM ; Valiant Communications, in a joint venture with Tejas Networks, has received a Letter of Intent from Gujarat Energy Transmission Corporation (GETCO) for Project #2.
  • This follows Project #1, announced earlier in January 2025.
  • As the lead bidder, Tejas received the LOI, with Valiant’s share valued at approximately ₹3,900 lakh.
  • Valiant will supply and commission communication, protection, and synchronization equipment for GETCO. The detailed contract and purchase order will follow.
  • Ambit on Max Estates
  • Top picks in small-cap RE; hike TP to Rs 725 (vs Rs 715)
  • MEL is on track for Rs140bn worth of launches in FY26-27E
  • MEL’s commercial offices command a premium to similar ones in their respective micro-markets
  • MEL remains on the lookout for BD opportunities and is committed to adding Rs70bn in BD over FY26-28E
  • BSE Management Says Concentration On Expiry Day Has Almost Halved After Shifting To Tuesday
  • Assimilating All Announcements & Changes & Will Come Out With A Stance After That - CNBCTV18
  • Meesho Plans For $1 billion IPO at valuation of $10 billion , a 2.5X increase from $3.9 billion last year. - MC citing sources
  • The company is expected to list on the stock exchanges around Diwali this year, outpacing Flipkart
  • BSE Says BSE Will Not Run Behind Market Share In The Derivatives Market
  • There Should Be A Spread Between 2 Expiries; Need To See How Much It Should Be
  • BSE Wants To Deepen & Broaden The Market; Growth In Market Share Is A Corollary - CNBCTV18
  • FM Nirmala Sitharaman will move the Finance Bill 2025 for consideration and passing in the Lok Sabha - PRS LEGASLATIVE
  • Amendments to the Finance Bill will be moved separately during the discussion
  • FM's response on the Finance Bill is expected on March 26-27
  • MOTILAL OSWAL Says A combination of a large correction and Q4 earnings growth is on the horizon - ETNOW
  • IT outlook remains weak
  • Banks and IT could continue to underperform
  • Maintain bullish stance on renewables, energy, and defense sectors
  • Remain underweight on banks
  • Renewables, EMS, luxury, NBFCs, select capital market players, and defense are expected to perform well over the next two years
  • MOTILAL OSWAL Says These sectors are strong long-term bets unless impacted by unforeseen headwinds - ETNOW
  • Higher investor traction likely in North India's real estate market
  • Real estate sector experiencing positive momentum
  • Uncertainty persists in predicting gold price movements
  • KILBURN ENGINEERING; PROMOTER BOUGHT ADDITIONAL 0.08 % STAKE ON 21 MARCH VIA OPEN MARKET
  • ACE INVESTOR RAMESH DAMANI SAYS BULL MARKET HAS RESUMED - CNBCTV18
  • Ramesh Damani Says What We Saw Was Just A Correction In A Bull Market; Not Topping Of The Bull Market- CNBCTV18
  • Companies Still Sounding Very Confident About Growth Plans & Capex
  • Saw Several Stocks Hit New Highs Even During The Correction Phase
  • HAL ; GE to supply 99 GE-404 engines to HAL by March-end after two-year delay - Mint
  • These engines are vital for Tejas Mark 1-A fighters.
  • HAL is also working with GE to produce the more powerful GE-414 engine in India.
  • HAL ; In 2025, 12 engines are scheduled to be delivered, while 20 engines are expected to be sent each year in accordance with the 2021 99-engine contract worth USD 716 million.- MINT
  • BEML Says FY26 to be a year of disruption for BEML - ETNOW
  • Looking to work on futuristic tech
  • FY26 to be significantly better than FY25
  • Next year to be a gamechanger for BEML
  • Anything above 20% growth will be a game changer for BEML
  • India maritime industry facilitates 90% of the country's trade
  • Aim to ramp up India's port capacity
  • BEML Management Says Partnership with Italy's Dragflow aimed at improving efficiency of power plants - etnow
  • Dragflow partnership will also drive maritime sector revenue in the next 2-3 years
  • First cutter suction dredger expected to come out in about two years' timeline
  • BEML exploring opportunities with Siemens in the rolling stock space
  • Execution pace remains a challenge
  • R&D restructured into three verticals, with focus on innovation
  • Expect more orders in defence and, railways and metro segments over the next one year
  • KOTAK BANK RALLIES 3 %
  • NOTE ; STOCK UNDERPERFORMED IN LAST 4 YEARS
  • VODA IDEA , BHARTI AIRTEL; The government may waive spectrum usage charges on airwaves bought before September 2021, offering major telcos relief worth thousands of crores, per TOI.
  • AU BANK Management Says Believe There Are Certain Entities That Don't Want The Stock To Perform Well
  • The Regulators Have Not Found Any Problems Within The Co
  • This Year Will Remain Tough Overall But Q4 Gives Us Hope For Recovery
  • AU SMALL Says The MFI Pain Should Be Over By Q1 Or Q2 Of FY26 - CNBCTV18
  • India March S(and)P Global Services PMI (Mar) at 57.7 V 59.0 In Feb
  • India March S(and)P Global Manufacturing PMI At 57.6 V 56.3 In Feb
  • Muthoot Finance Management Says Growth in gold loan book is due to demand - ETNOW
  • With gold prices increasing, demand for gold loan increases
  • For full year, gold loan growth will be around 39% to 40%
  • Average LTV is around 62%
  • Maximum LTV is 75% of price
  • MUTHOOT FINANCE Says In next 5 to 6 years, company would be opening more branches
  • Company has got approval for opening 130 to 140 branches
  • AUM can go up without opening new branches
  • Seeing no stress in gold loan segment
  • PNGRB Says CNG & PNG Cos Will Benefit As Now Number Of Zones Will Reduce To 2 From 3 - CNBCTV18
  • GAS STOCKS ; PNGRB Says CGD Entities Paying Higher Tariff For Zone 3, Will Have to Pay Lower Tariff - CNBCTV18
  • NILE ; Company suspended operations at its Choutuppal Lead recycling plant due to some labour issues.
  • The Company is able to meet all its commitments to the customers from the Gajulamandyam plant.
  • SBC EXPORTS : SBC Exports Limited has received a repeat export order worth $1,089,494.64 (approx. ₹9.36 crores) from Dubai-based Gawgee Brothers Wholesalers Co. LLC for supplying garments like T-shirts, trousers, and shorts.
  • The company has also entered a strategic tie-up with Gawgee Brothers to supply garments for sale in the retail chain "Day to Day" in Dubai.
  • This collaboration aims to expand SBC Exports’ global reach and revenue.
  • The order will be executed within a year, with payments received within 90 days of delivery.
Panchkarma