Bharat Electronics ₹2,463 Cr Contract
- Share.Market
- 9 min read
- 13 Mar 2025
13th March 2025
Highlights
The market closed in the red today, with Nifty 50 slipping 0.33% and Sensex down 0.27%. Nifty PSU Bank led the gains, up 0.43%. Among stocks, Mangalore Refinery soared 6.46%, while KEC International tumbled 6.02%, making it the biggest loser.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty PSU BankNIFTY PSU BANK | +0.43%+24.65 | 5783.85 |
 Bank NiftyNIFTY BANK | +0.01%+3.75 | 48060.40 |
 Nifty Private BankNIFTY PVT BANK | -0.14%-34.55 | 23955.70 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty AutoNIFTY AUTO | -1.10%-229.65 | 20554.05 |
 Nifty MediaNIFTY MEDIA | -1.50%-21.95 | 1437.80 |
 Nifty RealtyNIFTY REALTY | -1.83%-14.90 | 800.15 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Mangalore Refinery And Petrochemicals Ltd.MRPL | +6.46%+7.24 | 119.33 |
 Godfrey Phillips India Ltd.GODFRYPHLP | +5.00%+271.80 | 5708.25 |
 ITI Ltd.ITI | +5.00%+12.06 | 253.36 |
 UNO Minda Ltd.UNOMINDA | +4.90%+42.15 | 902.85 |
 Data Patterns (India) Ltd.DATAPATTNS | +4.84%+76.80 | 1663.10 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 KEC International Ltd.KEC | -6.02%-43.00 | 671.60 |
 PB Fintech Ltd.POLICYBZR | -5.25%-73.80 | 1331.90 |
 Bharat Forge Ltd.BHARATFORG | -4.67%-50.95 | 1039.25 |
 Zee Entertainment Enterprises Ltd.ZEEL | -4.29%-4.49 | 100.16 |
 TBO Tek Ltd.TBOTEK | -4.28%-54.05 | 1209.50 |
*Prices shown may have delay up-to 15 minutes
Top News of the Day
- India’s retail food inflation fell to a 21-month low of 3.75% in February, driven by declining vegetable and pulse prices. However, onion, potato, and edible oil inflation remained high. Experts warn rising temperatures may impact rabi crop harvests.
- Indian Sugar Mills Association (ISMA) lowered India’s 2024-25 sugar production estimate to 26.4 MT due to lower yields in Maharashtra and Karnataka. Ethanol diversion was also revised to 3.5 MT. Despite this, domestic supply remains stable, with prices hovering around ₹43-44/kg.
- India’s steel industry sees little impact from U.S. tariffs, with exports below 100,000 tonnes. The sector prioritizes other markets, minimizing disruption. India imports more iron and steel from the U.S., meaning retaliation could impact U.S. exports more significantly.
- India’s quick commerce sector is set to create 500,000-550,000 jobs next year, up from the current 250,000-300,000 delivery partners and 70,000-75,000 in-house employees, according to a report by TeamLease Services
Market Highlights
HPL Electric & Power won smart meter orders worth ₹370 Crores from its regular leading customers for the supply of smart meters in the normal course of business
Coromandel International announced the signing of definitive agreements to acquire a 53% shareholding in NACL Industries, for a consideration of ₹820 crore from the current promoter KLR Products.
Bharat Electronics signed ₹2,463 crore contract from the Ministry of Defence to supply indigenous Ashwini AESA radars, developed with DRDO, for advanced 4D surveillance by the Indian Air Force.
Va Tech Wabag a water solution company secured an order worth ₹360 Crores from Gail (India) and Indian Oil Corporation (IOCL). The deal includes designing & operating wastewater treatment plants for GAIL’s Pata complex and a 3-year Operations & Maintenance contract for IOCL’s Panipat refinery.
The Water & Effluent Treatment (WET) Business of L&T along with Lantania of Spain has signed a Contract with ACWA Power, a major developer in the Middle East to build the Ras Mohaisen Desalination plant in the Kingdom of Saudi Arabia. L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as “large.’
Polycab India executed an agreement worth ₹3,003 Crores with BSNL as the project implementation agency for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle mile network of Bharat Net in the Bihar Telecom Circle.
IPO Corner
SME IPO
| Company | Date | Issue Price | Minimum Investment |
| Paradeep Parivahan | Opens on March 17 & closes on March 19, 2025. | ₹93 to ₹98 per share | ₹1,11,600 |
Divine Hira Jewellers | Opens on March 17 & closes on March 19, 2025. | ₹90 per share | ₹1,44,000 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Sika Interplant Systems | 17 Mar 2025 | 17 Mar 2025 | Stock Split | From ₹10 to ₹2 |
