HCC secures a ₹2,470 crore contract

21 March 2025

Highlights

Markets extended their rally for the fifth straight session, posting the best weekly gain in over four years. Nifty rose 0.69%, while Sensex gained 0.73%. Nifty Media led sectoral gains, up 2.20%. Valor Estate surged 19.38%, while Amber Enterprises India dropped 4.94%, the biggest loser.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty MediaNIFTY MEDIA	+2.20%+33.25	1547.70
Nifty Oil & GasNIFTY OIL AND GAS	+1.84%+190.25	10544.20
Nifty EnergyNIFTY ENERGY	+1.44%+474.00	33475.05

Top Losers

Company	Today’s Chg	LTP
Nifty ITNIFTY IT	+0.07%+26.15	36702.80
Nifty MetalNIFTY METAL	-0.55%-50.55	9203.55
Nifty Consumer DurablesNIFTY CONSR DURBL	-0.77%-281.30	36250.40

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Valor Estate Ltd.DBREALTY	+19.38%+24.61	151.61
Mangalore Refinery And Petrochemicals Ltd.MRPL	+14.97%+17.65	135.53
Alembic Pharmaceuticals Ltd.APLLTD	+14.12%+117.90	952.60
Ramkrishna Forgings Ltd.RKFORGE	+13.24%+98.70	843.90
Tejas Networks Ltd.TEJASNET	+12.58%+89.40	799.90

Top Losers

Company	Today’s Chg	LTP
Amber Enterprises India Ltd.AMBER	-4.94%-357.95	6890.55
TBO Tek Ltd.TBOTEK	-4.92%-62.45	1207.25
Jindal Stainless Ltd.JSL	-4.33%-28.35	625.70
Crisil Ltd.CRISIL	-4.14%-182.90	4233.80
Shipping Corporation of India Ltd.SCI	-4.10%-7.23	169.26

*Prices shown may have delay up-to 15 minutes

India VIX₹12.58 -0.16%

Nifty Midcap 150₹19,203.30 +1.34%

Nifty Smallcap 250₹15,242.30 +2.14%

Top News of the day

• Top Indian states have left ₹2.9 lakh crore in capex funds unspent. If unlocked soon, this money could boost infrastructure and revive India’s slowing growth, especially before FY25 ends.
• India has crossed 1 billion tonnes of coal production in FY24-25 – a record milestone. This boosts energy security and supports rising power demand ahead of summer, aiding economic growth.
• Bank of England kept interest rates steady at 4.5% amid global trade tensions and weak UK growth. Rising inflation and global volatility could indirectly impact Indian exports and investor sentiment.
• India received a record $118.7 billion in remittances in FY24. Maharashtra, Kerala, and Tamil Nadu led the inflow, driven by skilled migration to developed countries and rising use of digital channels.
• Taiwan is open to a free trade pact with India to reduce dependence on Chinese electronics. The partnership could boost Indian tech manufacturing and help narrow India’s trade deficit with China.

Market Highlights

Hindustan Construction Company Ltd.₹27.54 +12.04%

HCC and Tata Projects, in a 50:50 JV, secured a ₹2,470 crore contract from Tata Power for the 1000 MW Bhivpuri Pumped Storage Project in Maharashtra. The project includes major civil and hydromechanical works and will support India’s hydropower infrastructure.

Ola Electric Mobility Ltd.₹56.07 +8.43%

Ola Electric has clarified and said February’s sales backlog was due to vendor-related registration delays, now being swiftly cleared. Over 40% is resolved, with full clearance expected by March-end.

Bharat Heavy Electricals Ltd.₹211.95 +2.62%

BHEL received a ₹7,500 crore EPC order from GSECL for the 1×800 MW Ukai Extension Unit No. 7 in Gujarat. The contract includes equipment supply, civil work, and commissioning, with a completion timeline of 54 months.

Adani Energy Solutions Ltd.₹831.70 +2.04%

Adani Energy Solutions won a ₹2,800 crore power transmission project in Gujarat to supply green energy for Green Hydrogen and Ammonia production in Mundra. The project will be completed in 36 months.

Hero MotoCorp Ltd.₹3,629.00 +0.89%

Hero MotoCorp’s board has approved a strategic investment of up to ₹525 crore, in one or more tranches, in Euler Motors Private Limited. Post-investment, HMCL will hold an approximate 32.5% stake in the company.

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