NCC Bags ₹10,800 Cr Order from BSNL

26 March 2025

Highlights

Markets take a breather after a 7-day rally, with Nifty 50 slipping 0.77% and Sensex down 0.93%. Nifty Auto led sectoral gains, rising 0.02%. In stocks, Capri Global Capital surged 16.00%, while Cholamandalam Financial Holdings dropped 6.21%, the biggest loser.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty AutoNIFTY AUTO	+0.02%+5.20	21742.80
Nifty Consumer DurablesNIFTY CONSR DURBL	-0.26%-91.80	35588.55
Nifty FMCGNIFTY FMCG	-0.27%-142.80	52988.50

Top Losers

Company	Today’s Chg	LTP
Nifty RealtyNIFTY REALTY	-1.29%-11.15	852.05
Nifty Oil & GasNIFTY OIL AND GAS	-1.36%-144.05	10411.00
Nifty MediaNIFTY MEDIA	-2.40%-36.65	1487.35

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Capri Global Capital Ltd.CGCL	+16.00%+26.88	194.86
Siemens Ltd.SIEMENS	+5.84%+299.15	5418.25
ZF Commercial Vehicle Control Systems India Ltd.ZFCVINDIA	+5.77%+691.95	12689.15
Elecon Engineering Company Ltd.ELECON	+5.25%+22.95	460.30
HEG Ltd.HEG	+3.36%+16.25	499.25

Top Losers

Company	Today’s Chg	LTP
Cholamandalam Financial Holdings Ltd.CHOLAHLDNG	-6.21%-113.40	1712.90
Tejas Networks Ltd.TEJASNET	-6.13%-48.90	748.65
Rajesh Exports Ltd.RAJESHEXPO	-5.66%-11.46	190.85
Inox Wind Ltd.INOXWIND	-5.13%-8.63	159.54
KFIN Technologies Ltd.KFINTECH	-5.01%-55.10	1043.65

*Prices shown may have delay up-to 15 minutes

India VIX₹13.47 -1.25%

Nifty Midcap 150₹19,106.65 -0.63%

Nifty Smallcap 250₹14,970.00 -1.41%

Put Call Ratio of Nifty 50 (expiry: 27th Mar) is 0.83

Top News of the day

• US consumer confidence hit a 12-year low in March, driven by recession fears, inflation, and new tariffs. Weaker consumer sentiment may impact global demand, including India’s exports to the US.
• India’s retail credit market slowed in Q3FY25, with Gen Z first-time borrowers hit hardest. Credit access dropped 21% for new borrowers as lenders tightened norms amid rising risk concerns.
• Finance Bill 2025 brings key tax changes—eases rules for investment funds, introduces presumptive tax for tech services, refines life insurance exemptions, and expands capital asset definitions to boost clarity and compliance.
• India secured $2.5B in startup funding in Q1 2025, ranking 3rd globally. Delhi overtook Bengaluru in funding share, driven by IPO exits. Auto tech, AI, and quick commerce led the surge.
• According to the IMF, India’s GDP has doubled in a decade to $4.27 trillion with 6.5% growth and stable inflation. However, government debt remains high at 82.6% of GDP. 
• India’s textile industry targets $100 billion in exports by 2030. It seeks duty cuts, incentives, stable GST, key FTAs, and faster rollout of PM MITRA parks – mega textile hubs boosting integrated manufacturing.

Market Highlights

Siemens Ltd.₹5,418.25 +5.84%

Siemens announced the demerger of its Energy Business to Siemens Energy India Ltd (SEIL). As part of the arrangement, shareholders of Siemens will receive 1 fully paid-up SEIL share (face value ₹2) for every 1 Siemens share held on the record date.

NCC Ltd.₹208.30 +1.74%

NCC Ltd has secured two major orders worth ₹10,804.56 crore from BSNL for the BharatNet project. The contracts cover the development and maintenance of middle-mile broadband infrastructure across telecom circles in Uttarakhand, Madhya Pradesh, Dadra & Nagar Haveli, and Daman & Diu.

Bharat Dynamics Ltd.₹1,326.75 +0.85%

Bharat Dynamics Ltd (BDL) has received a domestic order worth ₹4,362.23 crore Bharat Dynamics Ltd (BDL) has received a domestic order worth ₹4,362.23 crore from the Indian Armed Forces. While the specific terms, execution timeline, and other details remain confidential due to national security considerations, the contract marks a significant development for BDL in strengthening India’s defence capabilities.

Larsen & Toubro Ltd.₹3,444.80 -0.71%

L&T has secured its largest-ever order worth over ₹15,000 crore from L&T has secured its largest-ever order worth over ₹15,000 crore from QatarEnergy LNG for the North Field offshore compression project. Awarded to its hydrocarbon arm, the contract marks a key milestone in L&T’s global expansion.

JSW Steel Ltd.₹1,056.45 -0.49%

JSW Steel has become the world’s most valuable steelmaker with a market cap of ₹2.59 lakh crore, surpassing ArcelorMittal and Nucor. With a current capacity of 35.7 MTPA, the company plans to expand to 51.5 MTPA by FY31, aligning with India’s rising steel demand driven by infrastructure growth.

Corporate Actions