On Wednesday, stocks 1386 advanced, 2586 declined and 94 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.54, 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, 54 securities advanced and closed at a new 52-week high whereas 73 securities sank to close at their new 52-week lows. In sectoral indices, Nifty FMCG and Nifty IT among the biggest gainers. Nifty Pharma, Nifty Metal and Nifty PSU Bank among the biggest losers.
Bajaj Housing Finance (+2.22%) raised Rs2,898.83 crore through the allotment of 2,87,500 Non-Convertible Debentures (NCDs), at face value of Rs1,00,000 each, on private placement basis.
Paras Defence and Space Technologies (+4.14%) granted a license under the Arms Act, 1959 by Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, Government of India. This license authorizes the company to manufacture MK-46 and MK-48 belt-fed light machine gun (LMG) - modernised enhanced and redefined LMG with a proposed annual capacity of 6000 each.
Voltamp Transformers (-1.60%) received purchase order from Adani Power and Mahan Energen (Wholly owned subsidiary of Adani Power), for Rs41 crore for supply of various ratings of distribution transformers. The said order is expected to be executed within 12 months.
Route Mobile (-1.15%) partnered with PT MRT Jakarta, Jakarta's premier urban rail transit provider, to launch an innovative, first-of-its-kind WhatsApp based metro ticketing solution through vending machines. The solution streamlines the whole process, delivering essential ticket and travel information to commuters via WhatsApp for a smoother, more convenient journey. With over 91,000 daily riders and 33.5 million annual ridership, Jakarta MRT plays a vital role in the city’s transportation infrastructure.
WPIL’s (+1.50%) European subsidiary -- Gruppo Aturia acquired 100% shareholding of MISA ITALY, based in Arzignano, Italy. Misa is a leading Italian company in the business of large pumping station projects and supply of pumps and hydro turbines with a rich heritage dating back to 1901 and large reference list across Europe and North Africa.
KEC International (-6.89%) secured new orders of Rs1,136 crore across its various businesses - transmission & distribution (T&D) business secured an order for a 765 kV transmission line project in India, from Power Grid Corporation of India (PGCIL), transportation business secured a significant order in the prestigious train collision avoidance system (TCAS) segment under ‘Kavach’ in India and oil & gas pipelines business secured a design, supply and build order for pipeline and associated works from a leading PSU in India.
Tata Technologies (+0.55%) entered into partnership with Telechips, a comprehensive automotive semiconductor solutions company, at CES 2025 to innovate vehicle software solutions for next-gen software-defined vehicles (SDVs). Together, the companies aim to develop innovative solutions for ADAS platforms, automotive cockpit domain controllers, and central & zonal gateway controllers that will accelerate the realization of software-defined vehicles (SDVs), a cornerstone of connected, autonomous, and electric mobility.
Exicom Tele-Systems (+5.00%) signed a memorandum of understanding (MoU) with Mufin Green Infra, a leading provider of turnkey project solutions for EV charging infrastructure. The MoU will ensure the creation of end-to-end EV charging solutions including installation of EV chargers & setting up of EV charging infrastructure. The collaboration will target customers like Charge Point Operators, bus operators, state utilities, and other end-users to accelerate EV adoption with state-of-the-art charging solutions.
Mahindra & Mahindra (M&M) (-0.51 %) unveiled its new dedicated state-of-the-art manufacturing and battery assembly facility at its Chakan plant, a fully integrated ecosystem dedicated to producing electric origin SUVs.
Earnings
One Mobikwik Systems (+0.85%) reported net loss at Rs3.59 crore for Q2FY25 as compared to net profit of Rs 5.23 crore for the same quarter in the previous year. However, total income of the company increased by 41.99% at Rs293.67 crore for Q2FY25 as compared to Rs 206.83 crore for the corresponding quarter previous year.
Transformers And Rectifiers (India) (+0.72%) : In Q3FY24-25, sales increased by 51.4% year-on-year (y-o-y) to Rs559 crore. Net profit was up 253% y-o-y to reach Rs55.5 crore.
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:
