Adani Energy acquires Mahan Transmission

27 March 2025

Highlights

Market indices ended on a higher note today with Nifty 50 up 0.45% and BSE Sensex rising 0.41%. Nifty PSU Bank led sectoral gains, climbing 2.50%. Among stocks, Aegis Logistics surged 14.73%, while Capri Global Capital dropped 15.38%, making it the biggest loser.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty PSU BankNIFTY PSU BANK	+2.50%+153.35	6296.15
Nifty MediaNIFTY MEDIA	+1.52%+22.55	1509.90
Nifty EnergyNIFTY ENERGY	+1.44%+477.55	33682.95

Top Losers

Company	Today’s Chg	LTP
Nifty Healthcare IndexNIFTY HEALTHCARE	-0.22%-30.65	13745.45
Nifty PharmaNIFTY PHARMA	-0.40%-85.45	21275.15
Nifty AutoNIFTY AUTO	-1.04%-226.05	21516.75

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Aegis Logistics Ltd.AEGISLOG	+14.73%+115.85	902.60
BEML Ltd.BEML	+13.77%+380.00	3140.40
RHI Magnesita India Ltd.RHIM	+10.65%+49.55	514.70
Firstsource Solutions Ltd.FSL	+9.66%+31.35	356.05
Adani Energy Solutions Ltd.ADANIENSOL	+8.70%+69.85	872.85

Top Losers

Company	Today’s Chg	LTP
Capri Global Capital Ltd.CGCL	-15.38%-29.96	164.90
Procter & Gamble Hygiene & Healthcare Ltd.PGHH	-8.49%-1186.30	12789.95
Sundaram Finance Ltd.SUNDARMFIN	-6.74%-325.75	4507.20
Sona BLW Precision Forgings Ltd.SONACOMS	-5.96%-29.60	467.35
Grindwell Norton Ltd.GRINDWELL	-5.66%-99.75	1663.85

*Prices shown may have delay up-to 15 minutes

India VIX₹13.30 -1.26%

Nifty Midcap 150₹19,175.40 +0.36%

Nifty Smallcap 250₹15,111.65 +0.95%

Top news of the day

• RBI eased liquidity stress with ₹ 4.73 L crore infusion via Open Market Operations (OMOs), forex swaps, and Variable Rate Repos (VRRs), reducing deficits, stabilizing interbank rates, and restoring market confidence, says the Finance Ministry.
• India’s e-retail market is set to triple to $170-$190B by 2030, driven by quick commerce, trend-first shopping, and hyper-value deals, with rising demand from Tier-2+ cities, says Bain & Flipkart.
• India’s housing market slowed in Q1 2025, with sales down 28% YoY across top cities. Rising prices and global uncertainties hit demand, but luxury housing remained strong, says ANAROCK research.
• The government approved buying 37.39 lakh tonnes of gram, lentils, and 28.28 lakh tonnes of mustard for Rabi 2025 through NAFED and NCCF, ensuring fair prices for farmers in major producing states.

 Market Highlights

Adani Energy Solutions Ltd.₹872.85 +8.70%

Adani Energy Solutions Limited has acquired a 100% stake in Mahan Transmission Limited (MTL) from REC Power Development and Consultancy. MTL will help evacuate 1,230 MW of power from Adani Power’s upcoming 1,600 MW expansion at Mahan, Singrauli.

Dilip Buildcon Ltd.₹477.65 +5.13%

Dilip Buildcon has secured a ₹2,631 crore contract from BSNL for developing and maintaining the BharatNet network in Jammu & Kashmir. The project includes three years of construction and ten years of maintenance.

NBCC (India) Ltd.₹82.71 +2.02%

NBCC (India) Ltd. has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited to collaborate on key infrastructure projects in Maharashtra. The project has an estimated value of ₹25,000 crore.

Dixon Technologies (India) Ltd.₹13,510.80 +1.89%

Dixon Technologies and Signify Innovations will establish a 50:50 joint venture for OEM lighting manufacturing in India. The partnership strengthens Dixon’s lighting presence and supports the ‘Make in India’ initiative.

Tata Motors Ltd.₹668.55 -5.61%

Tata Motors, among other auto stocks, declined after the U.S. President Donald Trump announced a 25% tariff on imported cars, effective April 3, 2025. The U.S. is a key market for its subsidiary, Jaguar Land Rover (JLR), contributing over 22% of total sales. The tariff is expected to impact JLR’s pricing, supply chain, and profitability.

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