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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

March 20, 2025

  • Fed's Powell: Broadly speaking, forecasts point to weaker growth, and higher inflation, which call for different responses, and cancel each other out
  • Sentiment has fallen off, but the economy seems to be healthy.
  • The drop in sentiment is partly to do with big changes by the administration on policy.
  • Fed's Powell: Broadly speaking, forecasts point to weaker growth, and higher inflation, which call for different responses, and cancel each other out.
  • Sentiment has fallen off, but the economy seems to be healthy.
  • The drop in sentiment is partly to do with big changes by the administration on policy.
  • Fed's Powell: Some of flatlining in Fed projections for Core Inflation this year is from tariffs.
  • Flows in and out of TGA got us thinking about balance sheet reductions.
  • This was a good time to slow balance sheet shrinkage.
  • Fed's Powell: If we cut the pace of balance sheet runoff, it means we will make reductions more slowly, but for longer.
  • I still think reserves are abundant.
  • We said we will stop balance sheet shrinkage somewhat above the level that is ample, we are still far from that, we will approach that level more slowly.
  • Fed's Powell: If we cut the pace of balance sheet runoff, it means we will make reductions more slowly, but for longer.
  • I still think reserves are abundant.
  • We said we will stop balance sheet shrinkage somewhat above the level that is ample, we are still far from that, we will approach that level more slowly.
  • Fed's Powell: We'd look carefully at allowing MBS to roll off, even after we stop shrinking the total balance sheet
  • We are at a place where we can cut, or hold at what is clearly a restrictive stance of policy.
  • Fed's Powell when asked if the Fed might cut rates in May: We are not going to be in any hurry to move on rate cuts.
  • IREDA ; IREDA Launches First-Ever Perpetual Bonds to Raise ₹1,247 Crore, Receives ₹24.48 Crore Tax Refund
  • IREDA ; Indian Renewable Energy Development Agency (IREDA) has launched its first-ever ₹1,247 crore Perpetual Bonds at an 8.40% annual coupon to strengthen its Tier-I capital and support green energy growth.
  • Additionally, IREDA received a ₹24.48 crore tax refund for AY 2011-12, with ₹195 crore in pending refunds for AYs 2010-11, 2012-13, 2013-14, and 2015-16 to 2018-19.
  • Fed's Powell: Removing 'roughly in balance' to describe risks from the statement isn't meant to convey a signal.
  • Policymakers widely raised their estimates of the risks to the Fed's goals.
  • The Fed watches for material changes to financial conditions that are persistent. We want to focus on the hard data.
  • Fed's Powell: If the soft data affects the hard data we will know it very quickly, but we don't see that yet.
  • POWELL: REMOVING RISK LANGUAGE FROM STATEMENT WAS NOT A SIGNAL
  • Fed's Powell: Underlying inflation before tariffs was basically 2.5%.
  • Fed's Powell: I don't see a reason to think we are looking at a replay of the '70s.
  • Inflation is still running in the 2s, with a pickup from tariffs.
  • POWELL: DON'T SEE ANY REASON TO THINK THIS IS REPLAY OF 1970S
  • Fed's Powell: Fed staff forecasts assume full tariff retaliation.
  • FED POWELL PRESS CONFERENCE ENDS
  • NCC ; WINS RS 2129 CR ORDER
  • Company has received Letter of Acceptance from Andhra Pradesh Capital Region Development Authority for construction of roads, drains, water supply, sewage, utility ducts for power and ICT, reuse waterline and avenue plantation etc. at Zone-12 villages area in Amaravati Capital City, Andhra Pradesh.
  • Time Period; Construction - 3 years ,DLP - 2 years
  • Beat The Street Bulletin
  • Date: 20-Mar-2025
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  • Order Win
  • - WINSOL ENGINEERS: Wins ₹2.71 crore order from Sembcorp Group for supply and services at its solar project.
  • - NCC: Wins ₹2,129 crore order from Andhra Pradesh Capital Region Development Authority for construction work in Amaravati Capital City, Andhra Pradesh.
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  • Acquisition
  • - AVG LOGISTICS: Acquires 99% stake in Kaizen Logistics for ₹0.485 crore, expanding operations in FMCG, metals, and chemicals logistics.
  • - WINRO COMMERCIAL: Acquired 66,000 shares (4.95%) of Saraswati Commercial (India) Ltd. via a ₹78.62 crore preferential issue, increasing stake to 22.77%.
  • - SYNGENE INT: Acquires its first US biologics facility for $36.5M from Emergent BioSolutions.
  • - SURAJ ESTATE: Acquires a 390 sq. m. plot in Dadar for ₹4.75 crore for a luxury residential project.
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  • Collaboration
  • - ADANI ENT: Kutch Copper Limited (subsidiary of Adani Enterprises) forms a joint venture with Praneetha Ventures Pvt Ltd to manufacture and sell metal products, cables, and wires.
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  • Leadership Changes
  • - TIMEX GROUP: Board re-appoints Mr. Deepak Chhabra as Managing Director for a 3-year term starting from March 28, 2025.
  • - RAYMOND: Nawaz Modi Singhania resigns as Non-Executive Director due to personal reasons.
  • - MAHINDRA LIFESPACE DEVELOPERS LTD: Goldman Sachs Fund (Goldman Sachs India Equity Portfolio) sells 8.44 lakh shares.
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  • New Projects
  • - ATMAS ATMASTCO: Announces nearing completion of manufacturing unit and construction of Atmastco Defence Systems Private Limited, with trial production set to begin by April 2025.
  • - INTERARCH BUILDING: Expanding capacity to 200,000 MT by mid-2025 with a ₹50 crore investment, targeting 10% growth in FY25.
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  • Fundraising
  • - IOB: Launched a QIP for fundraising, fixing the floor price at ₹42.70/share.
  • - DMART: Avenue Supermarts invests ₹175 crore in subsidiary Avenue E-Commerce (AEL) by subscribing to shares.
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  • Bought/Sold
  • - AGS TRANSACT LIMITED: Cholamandalam Investment and Finance Company Ltd sold 9.20 lakh shares (0.72%) @ ₹10.75/share.
  • - GENSOL ENGINEERING: Virtue Financial Services Pvt Ltd sold 2.0 lakh shares (0.52%) @ ₹224.90/share.
  • - M M CERAMICS AND FERRO ALLOYS: Sold 2.05 lakh shares (0.53%) @ ₹231.30/share.
  • - KLJ PLASTICIZERS LIMITED: Sold 3.0 lakh shares (0.78%) @ ₹248.50/share.
  • - GLOBAL SURFACES LIMITED: Aggarwal Diwakar sold 5.4 lakh shares (1.28%) @ ₹109/share.
  • - MAHINDRA LIFESPACE DEVELOPERS LTD: Goldman Sachs Fund sold 8.44 lakh shares (0.54%) @ ₹330.31/share.
  • - KOPRAN LIMITED: Promoter G Claridge & Co sold 3.17 lakh shares (0.65%) @ ₹174.13/share.
  • - UGRO CAPITAL LIMITED: Samena Fidem Holdings sold 19.19 lakh shares (2.05%) @ ₹165.76/share.
  • - SILKFLEX POLYMERS INDIA LTD: India Equity Fund 1 bought 0.64 lakh shares (0.55%) @ ₹66.22/share.
  • - VISHNUSURYA PROJECTS AND INFRA LIMITED: Parmar Developers sold 1.25 lakh shares (0.50%) @ ₹185.47/share.
  • - SBFC FINANCE LIMITED: Promoter SBFC Holding Pte. Ltd. sold 1.36 crore shares (1.25%) @ ₹82/share.
  • - KOPRAN LIMITED: Promoter Vandana Surendra Somani bought 3.17 lakh shares (0.65%) @ ₹174.13/share.
  • - UGRO CAPITAL LIMITED: Samena Special Situations Mauritius III bought 19.19 lakh shares (2.05%) @ ₹165.76/share.
  • - VISHNUSURYA PROJECTS AND INFRA LIMITED: Pushpa Jain bought 1.25 lakh shares (0.50%) @ ₹185.47/share.
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  • IPO
  • - INTERARCH BUILDING: Company targeting 10% growth in FY25, including expanding operations after IPO proceeds.
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  • Miscellaneous
  • - PRITHVI EXCHANGE: Announces opening of a branch in Surat to offer forex services in a modern, tech-driven environment.
  • - RELIANCE POWER: BSE and NSE reject Reliance Capital’s reclassification to the public category due to omission in the NCLT order.
  • - ASTRAZENECA PHARMA: Receives a draft income tax order proposing a ₹11.96 crore adjustment on transfer pricing issues.
  • - ANTONY WASTE: Wins a legal dispute with Navi Mumbai Municipal Corporation (NMMC) for ₹19.63 crore.
  • - ZIM LAB: ZIM’s European subsidiary receives Portugal's approval for Dimethyl Fumarate capsules for multiple sclerosis.
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  • USFDA Approval
  • - DISHMAN CARBOGEN: Dishman Carbogen’s France-based Arm receives GMP Compliance Certificate from the National Agency for the safety of medicine and health products (ANSM).
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  • Additions
  • - ADANI ENT: Announcement of joint venture with Praneetha Ventures Pvt Ltd.
  • - RELIANCE POWER: Issue regarding reclassification of Reliance Capital.
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  • CLSA ON ZEE ENT
  • Zee’s stock could double over the next 12-24 months, says CLSA
  • Stock at rock bottom valuation
  • Advertising revenue-led growth will rerate the stock
  • Zee’s mkt cap/sales of 1x is at a 60-80% discount to the Reliance Disney JV and Sun TV
  • GOLDMAN SACHS ON INDIGO
  • Maintains 'Buy' With Target Price Of ₹5,050
  • Strong Domestic Position, International To Drive Growth
  • Strategy In Light Of Stronger International Competition Key In Determining Profitability
  • Emerged Incrementally Positive On Indigo From The Management Interaction
  • UBS on Consumer Durables
  • Adani Enterprises announced JV to enter into metal products, cables and wires
  • Competitive intensity for C&W sector continues to rise, second large serious player has entered C&W space
  • Capex plans for Adani in C&W are not known yet
  • This is negative sentiment-wise for incumbents in C&W segment (Polycab, KEI, Havells)
  • GAIL ; GAIL India to seek three LNG cargoes per year for three years, says chairman - Reuters
  • BOFA ON INDIGO
  • Maintains 'Buy'; Hikes Target Price To ₹5,600 From ₹4,750
  • Maintains 'Buy' With Stronger Pricing Environment In Q4
  • Stronger Demand Driving Q4 Unit Revenue Surprise
  • CLSA ON JUBILANT FOOD
  • Turkish Lira Depreciation Potential Risk For Co
  • Arm DP Eurasia Operates In Turkey, Azerbaijan & Georgia
  • Arm DP Eurasia Contributed 31% Group Sales In Q3
  • Debt Is At ₹1,230 Cr As Of Sept 2024
  • Estimate About 80% Debt To Be Payable From Turkish Cashflow
  • Lira Depreciation Would Lead To Additional Interest Cost Burden
  • YTD Turkish Lira Depreciation Of 8.5% Could Have 3.5-4% Impact On FY25 Consolidated PAT
  • Depreciation In Turkish Lira Could Also Impact Dividend Payments By DP Eurasia
  • HSBC VIEW ON VOLTAS
  • Maintains 'Hold'; Cuts Target Price To ₹1,630 From ₹1,850
  • Cruel Summer Set To Drive Strong Volume Growth But Not Margin Recovery
  • 2025 Summer Season Off To A Strong Start Despite Tough Comparable
  • Cost Headwinds Are Higher This Season
  • Higher Compressor Purchase Costs & Costs Of Manufacturing At Own Plant Additional Headwinds
  • Delay Margin Recovery Prospects For UCP Segment
  • Air India and Air New Zealand announce codeshare agreement
  • UBS ON VOLTAS
  • Maintains 'Buy' With Target Price Of ₹2,200
  • Co Has A Strong Start To Cooling Season
  • Co Is Navigating Supply Chain Challenges
  • Co Is Transitioning Toward A Larger White Goods Co
  • GLOBAL CUES
  • • US Dollar Index at 103.3800
  • • US 10-year bond yield is at 4.24%
  • • Brent crude up 0.20% at $70.92 per barrel
  • • Bitcoin was up 0.73% at $85,997.75
  • • Gold spot up 0.12% at $3,051.55
  • MACQUARIE ON UNO MINDA
  • Maintains 'Outperform' With Target Price Of ₹1,157
  • Co's Diversified Revenue Mix & Wide-Ranging Components Portfolio Are Medium-Term Positives
  • See Upside Revenue Potential From Deeper OEM Relationships
  • See Opportunity With Korean PV OEMS & New Products With Existing OEMs
  • Co Has Delivered Faster Revenue Growth Than Leading PV & 2-Wheeler OEMS
Panchkarma