Tech Enhanced Investing

Indian equity markets are expected to open cautiously on Thursday, tracking weakness in Asian markets amid concerns over U.S. Federal Reserve policies and lingering tariff issues. Investor sentiment remains subdued as foreign portfolio investors (FPIs) resumed their selling streak on Wednesday, offloading shares worth RS 1,881.30 crore.

Key Factors to Watch:

🔹 US Tariffs to Have Limited Impact on India
S&P Global Ratings stated that the impact of U.S. reciprocal tariffs on India will be minimal due to the country's domestic-oriented economy with low export dependence. It projected India's GDP growth to be around 6.7-6.8% over the next two years.

🔹 Economic Activity Shows Sequential Improvement
According to the RBI Bulletin, high-frequency indicators such as vehicle sales, air traffic, steel consumption, and GST E-way bills signal a sequential uptick in economic momentum during the second half of FY 2024-25, with sustained growth ahead.

🔹 India-Argentina Strengthen Lithium Cooperation
India and Argentina have signed an agreement to enhance collaboration in the exploration and resource development of critical minerals, particularly lithium.

🔹 Power Stocks in Focus
Moody’s Ratings highlighted that India’s power sector, the highest carbon emitter, requires an investment of USD 700 billion over the next decade to help achieve the country’s 2070 net-zero target.

🔹 Indian Pharma Sector Faces Tariff Risk
U.S. President Donald Trump has reportedly indicated plans to impose a 25% or higher tariff on semiconductor and pharmaceutical imports, which could significantly impact India’s pharmaceutical industry.

Global Market Trends:

U.S. markets closed higher on Wednesday as investors analyzed the Federal Reserve’s January meeting minutes and Trump's tariff plans. However, Asian markets traded mostly in the red on Thursday after the Fed signaled no urgency in cutting interest rates.

Domestic Market Performance:

On Wednesday, Indian markets remained volatile, fluctuating between gains and losses before closing flat with a negative bias. The BSE Sensex fell 28.21 points (0.04%) to 75,939.18, while the CNX Nifty declined by 12.40 points (0.05%) to 22,932.90.

Key Trade Factors:

🔹 Tariff-Driven Trade War Concerns
Market sentiment remains cautious as the first round of U.S.-Russia talks on a potential Ukraine peace deal ended without a clear resolution. Meanwhile, Trump’s proposed 25% tariffs on autos, pharmaceuticals, and semiconductors add to investor concerns.

🔹 FII Investment Reversal
Foreign Institutional Investors (FIIs) turned net buyers on Tuesday after consistent selling, purchasing equities worth RS 4,786.56 crore, according to exchange data.

🔹 India’s GDP Growth Projection
SBI Research has estimated India’s GDP growth at 6.3% for FY25, citing a stable rural economy that is supporting overall economic momentum.

Avantel is currently trading at Rs. 110.10, up by 3.05 points or 2.85% from its previous closing of Rs. 107.05 on the BSE.

The stock opened at Rs. 114.05 and touched an intraday high of Rs. 115.00 and a low of Rs. 109.25. A total of 44,385 shares have been traded so far.

Avantel, a BSE group 'B' stock with a face value of Rs. 2, recorded a 52-week high of Rs. 223.80 on July 9, 2024, and a 52-week low of Rs. 86.05 on March 14, 2024. In the past week, the stock traded between Rs. 119.90 and Rs. 99.60. The company’s current market capitalization stands at Rs. 2619.79 crore.

Promoters hold a 38.58% stake in the company, while institutions and non-institutions own 1.07% and 60.36%, respectively.

Avantel has secured a purchase order worth Rs. 43.25 crore (including taxes) from M/s NewSpace India, dated February 19, 2025. The order, set for execution by August 2025, involves the supply, installation, and commissioning of devices for Xponders.

Avantel specializes in designing and developing products based on high-power broadband wireless, satellite communication, and broadband access technologies.

RITES is currently trading at Rs. 224.45, up by 11.30 points or 5.30% from its previous closing of Rs. 213.15 on the BSE.

The stock opened at Rs. 213.20 and recorded a high of Rs. 228.00 and a low of Rs. 212.95. So far, 48,078 shares have been traded on the counter.

The BSE group 'A' stock, with a face value of Rs. 10, reached a 52-week high of Rs. 413.08 on 27-Feb-2024 and a 52-week low of Rs. 200.35 on 17-Feb-2025. Over the past week, the scrip traded between Rs. 228.00 and Rs. 200.35. The company's current market capitalization stands at Rs. 10,472.36 crore.

Promoters hold a 72.20% stake in the company, while institutions and non-institutions hold 12.17% and 15.63%, respectively.

In a significant development, RITES has signed a Memorandum of Understanding (MoU) with the Central Water and Power Research Station (CWPRS), an R&D organization under the Department of Water Resources, River Development, and Ganga Rejuvenation, Ministry of Jal Shakti.

This collaboration focuses on engineering consultancy services and research & development projects in water resources, marine, and inland waterways infrastructure. The partnership will integrate RITES’ expertise in transport infrastructure consultancy and project management with CWPRS’ advanced research capabilities in water resources, aiming to drive innovative solutions in marine, coastal, inland waterways, and hydropower infrastructure. The initiative is expected to enhance project efficiency and sustainability through joint consultancy and R&D efforts.

RITES is a multi-disciplinary consultancy firm specializing in transport, infrastructure, and related technologies. It offers a comprehensive range of services and emphasizes technology transfer to client organizations.

Waaree Energies is currently trading at RS 2274.00, up by 53.50 points or 2.41% from its previous closing of RS 2220.50 on the BSE.

The stock opened at RS 2237.95 and touched a high of RS 2286.00 and a low of RS 2220.30. A total of 46,971 shares have been traded so far.

The BSE group 'B' stock, with a face value of RS 10, recorded a 52-week high of RS 3740.75 on November 6, 2024, and a 52-week low of RS 2030.00 on January 27, 2025. Over the past week, it has traded between RS 2286.00 and RS 2053.70. The company's current market capitalization stands at RS 64,722.03 crore.

Promoters hold a 64.30% stake in the company, while institutional investors and non-institutional investors own 4.09% and 31.60%, respectively.

Waaree Energies has secured a significant order to supply solar modules for 362.5 Mwp from a leading renewable energy company in India. The supply is set to begin in FY 2025-26.

Additionally, Waaree Clean Energy Solutions, a wholly owned subsidiary, has received a Notification of Award (NoA) from the Solar Energy Corporation of India (SECI) for establishing a 90,000 MT per annum Green Hydrogen production facility under the SIGHT Scheme (Model-1, Tranche-II).

Waaree Energies specializes in manufacturing solar photovoltaic modules, executing solar projects, and electricity sales.

Bharat Forge is currently trading at RS. 1076.75, up by 1.40 points or 0.13% from its previous closing of RS. 1075.35 on the BSE.

The stock opened at RS. 1092.80 and recorded a high of RS. 1103.95 and a low of RS. 1068.00. A total of 11,414 shares have been traded so far.

The BSE Group 'A' stock, with a face value of RS. 2, hit a 52-week high of RS. 1826.20 on June 21, 2024, and a 52-week low of RS. 1047.25 on February 13, 2025. The stock's one-week high and low stand at RS. 1105.95 and RS. 1049.35, respectively. The company's current market capitalization is RS. 51,141.14 crore.

In terms of shareholding, promoters hold 44.07%, while institutions and non-institutions own 46.38% and 9.55%, respectively.

Meanwhile, Bharat Forge’s wholly owned subsidiary, Kalyani Strategic Systems (KSSL), has signed a Letter of Intent (LOI) with AM General, USA, at IDEX 2025 for the supply of India-made advanced artillery cannons to the United States. This marks the first-ever export of such weapons from an Indian defence manufacturer to the U.S., highlighting growing bilateral defence cooperation.

The company, leveraging its artillery expertise, recently entered an agreement with AM General to co-develop next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in 105mm and 155mm calibers.

Bharat Forge specializes in manufacturing close die and open die forgings, crankshafts, front axle beams, steering knuckles, connecting rods, rocker arms, and other components.

Netweb Technologies India is trading at RS 1396.50, up by 56.00 points or 4.18% from its previous closing of RS 1340.50 on the BSE. The stock opened at RS 1331.95 and recorded a high of RS 1401.90 and a low of RS 1322.25. A total of 745 shares were traded on the counter.

The BSE group 'A' stock, with a face value of RS 2, reached a 52-week high of RS 3060.00 on December 17, 2024, and a 52-week low of RS 1304.25 on February 18, 2025. In the past week, the stock’s high and low stood at RS 1571.45 and RS 1304.25, respectively. The company's market capitalization is RS 7594.45 crore. Promoters hold 71.39% of the company’s shares, while institutional and non-institutional investors hold 16.32% and 12.28%, respectively.

Netweb Technologies has introduced Skylus.ai, a revolutionary GPU aggregation-disaggregation appliance designed to optimize AI and GenAI workloads. The solution simplifies multi-vendor GPU and CPU resource management, fostering faster ideation, collaboration, and efficient resource utilization.

Skylus.ai enables seamless integration of various GPUs and CPUs, ensuring optimal workload distribution. It also incorporates Tyrone Kubyts, a pre-tested, pre-built container image marketplace that streamlines application deployment. Additionally, it integrates with Tyrone HyperScale NAS - ParallelStor, a hyperscale storage solution that enhances data management across on-premises and cloud environments.

Netweb Technologies is a leading high-end computing solutions (HCS) provider and one of India’s few original equipment manufacturers (OEMs). The company benefits from the Government of India's production-linked incentive schemes.

RPP Infra Projects is currently trading at RS 134.65, up by 0.20 points (0.15%) from its previous close of RS 134.45 on the BSE.

The stock opened at RS 135.00 and recorded a high of RS 137.50 and a low of RS 129.05. A total of 2,760 shares have been traded so far.

The BSE group 'T' stock, with a face value of RS 10, hit a 52-week high of RS 255.00 on December 18, 2024, and a 52-week low of RS 97.05 on March 14, 2024. In the past week, the stock’s high and low stood at RS 162.30 and RS 129.05, respectively. The company's current market capitalization is RS 668.42 crore.

Promoters hold 50.88% of the company, while institutions and non-institutions own 0.80% and 48.32%, respectively.

New Project Win in Tamil Nadu

RPP Infra Projects has received a Letter of Acceptance from the Superintending Engineer for a major infrastructure project in Tamil Nadu. The project involves widening the Avinashi-Mettupalayam Road (SH-80) from two lanes to four lanes, along with reconstruction of a box culvert, construction of a drain, and a retaining wall in Tirupur. The total contract value is RS 62.78 crore (including GST), and the project is to be completed within 15 months.

RPP Infra Projects is a leading construction company engaged in infrastructure development, specializing in highways, roads, and bridges.

Puravankara is currently trading at RS. 233.00, up by 9.30 points or 4.16% from its previous closing of RS. 223.70 on the BSE.

The stock opened at RS. 220.05 and recorded a high of RS. 234.40 and a low of RS. 215.35. So far, 7,474 shares have been traded.

In the last 52 weeks, the stock reached a high of RS. 565.00 on July 3, 2024, and a low of RS. 175.05 on March 13, 2024. The market capitalization of Puravankara currently stands at RS. 5,275.39 crore.

The company’s promoter holding stands at 75.00%, while institutions and non-institutions hold 18.10% and 6.91%, respectively.

In a significant move, Puravankara has acquired 37,80,000 equity shares (39.54%) of Sobha Puravankara Aviation (SPAL) from Sobha Projects and Trade. This acquisition has increased Puravankara’s shareholding in SPAL from 49.95% to 89.49%.

Sobha Puravankara Aviation operates in the chartered aircraft service industry.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai, and Pune.

Puravankara is currently trading at RS. 233.00, up by 9.30 points or 4.16% from its previous closing of RS. 223.70 on the BSE.

The stock opened at RS. 220.05 and reached a high of RS. 234.40 and a low of RS. 215.35 during the session. So far, 7,474 shares have been traded.

The BSE group 'B' stock, with a face value of RS. 5, hit a 52-week high of RS. 565.00 on July 3, 2024, and a 52-week low of RS. 175.05 on March 13, 2024. In the past week, it has traded between RS. 258.80 and RS. 215.35. The company’s current market capitalization stands at RS. 5,275.39 crore.

Promoters hold 75.00% of the company, while institutional and non-institutional investors hold 18.10% and 6.91%, respectively.

In a strategic move, Puravankara has acquired 37,80,000 equity shares (39.54%) of Sobha Puravankara Aviation (SPAL) from Sobha Projects and Trade, increasing its shareholding in SPAL from 49.95% to 89.49%.

SPAL operates in the chartered aircraft service sector.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai, and Pune.

Mahindra Lifespace Developers is currently trading at Rs 356.60, up by 8.85 points or 2.54% from its previous closing of Rs 347.75 on the BSE. The stock opened at Rs 352.45 and has reached a high of Rs 361.95 and a low of Rs 342.80 during the session, with 6,222 shares traded so far.

The BSE group 'A' stock, with a face value of Rs 10, has recorded a 52-week high of Rs 679.15 on April 25, 2024, and a 52-week low of Rs 342.80 on February 19, 2025. Over the past week, the stock's high and low stood at Rs 369.15 and Rs 342.80, respectively. The company's current market capitalization is Rs 5,490.11 crore.

Promoters hold a 51.15% stake in the company, while institutions and non-institutions hold 30.70% and 18.15%, respectively.

In a significant development, Mahindra Lifespace Developers (MLDL) has partnered with Livingstone Infra (LS) for a cluster redevelopment project in Mumbai's upscale Mahalaxmi area, with a Gross Development Value (GDV) of Rs 1,650 crore. This strategic move marks MLDL's expansion into South Mumbai's premium real estate market, leveraging the location's exceptional connectivity to major business districts, essential services, and leisure destinations. 

Mahindra Lifespace Developers continues to embody the Mahindra Group's 'Rise' philosophy by fostering thriving residential communities and enabling business ecosystems across India.