Tech Enhanced Investing

BASF India has obtained preliminary approval to separate its agricultural solutions division into an independent listed entity. This strategic move aims to enhance operational efficiency, adopt distinct management approaches, and unlock value.

For the financial year ending March 31, 2024, the agricultural solutions segment contributed Rs 2006.46 crore in revenue, accounting for 14.57% of the company’s total income. The decision was approved by the Board of Directors during their meeting on December 19, 2024.

Founded in 1943, BASF India is a key player in the chemical industry.

The Indian rupee continued its downward trajectory for the second consecutive session, closing significantly lower against the US dollar on Thursday. The currency's depreciation was driven by the robust performance of the American dollar and heavy sell-offs in the domestic equity markets.

Market sentiment was dampened as the US Federal Reserve revised its projections for 2025, indicating a more cautious monetary policy approach, which added pressure on emerging market currencies like the rupee. Additionally, data revealed that Foreign Institutional Investors (FIIs) offloaded a net amount of Rs 1,316.81 crore in the capital markets on Wednesday, further weighing on the rupee.

Globally, the US dollar eased slightly on Thursday after hitting a two-year high, following the Federal Reserve's announcement of a slower-than-expected pace of rate cuts in 2025. Meanwhile, the Japanese yen weakened as the Bank of Japan maintained its current interest rates.

The rupee ultimately closed at 85.13 (provisional), marking an 18-paise drop from its previous close of 84.94. During the session, it fluctuated between a high of 85.14 and a low of 84.99.

GE Vernova T&D India's stock is witnessing an uptick, trading at ₹2,159.00 on the BSE, marking a gain of ₹41.10 or 1.94% compared to its previous close of ₹2,117.90.

The stock opened at ₹2,149.00 and has fluctuated between an intraday high of ₹2,197.00 and a low of ₹2,133.00. A total of 3,846 shares have been traded so far.

The stock, part of the BSE 'T' group with a face value of ₹2, achieved its 52-week high of ₹2,197.00 on December 20, 2024, and a 52-week low of ₹425.00 on December 21, 2023. Over the past week, its trading range has varied between ₹2,197.00 and ₹1,922.45. The company's current market capitalization stands at ₹55,560.82 crore.

Promoters hold a 59.38% stake in the company, while institutional and non-institutional investors account for 32.43% and 8.19% respectively.

The company recently secured a contract exceeding ₹400 crore from Sterlite Grid 32 for supplying and supervising high-voltage equipment as part of a TBCB project. The project is expected to be completed within two years.

Previously known as GE T&D India, GE Vernova T&D India is a key player in the energy sector, specializing in engineering, manufacturing, and project management for power generation and transmission infrastructure solutions.

Deep Industries' stock witnessed a rise, trading at Rs 612.95 on the BSE, marking an increase of 1.79% or 10.75 points from its previous close of Rs 602.20.

The share opened at Rs 613.70, reaching a high of Rs 618.20 and a low of Rs 606.20 during the session. A total of 1,680 shares have been traded so far.

The stock, with a face value of Rs 5 in the BSE 'B' group, achieved a 52-week high of Rs 620.00 on December 18, 2024, and a low of Rs 226.85 on February 13, 2024. Over the past week, it ranged between Rs 620.00 and Rs 570.95. The company’s market capitalization currently stands at Rs 3,854.08 crore.

Promoters hold a 63.49% stake in the company, while Institutions and Non-Institutions own 2.08% and 34.43%, respectively.

Deep Industries recently secured a Letter of Award (LoA) worth Rs 62 crore from Selan Exploration Technology for Integrated Drilling Services at Selan-operated blocks over the next 18 months. Earlier in September, the company had won a Rs 1,402 crore order from ONGC.

As a prominent player in the energy sector, Deep Industries specializes in Air and Gas Compression, Drilling and Workover Services, Gas Dehydration, and Integrated Project Management Services.

Datamatics Global Services witnessed a slight rise in its stock price, trading at ₹655.00, up by ₹3.90 or 0.60% from its previous close of ₹651.10 on the BSE. The stock opened at ₹646.00 and reached an intraday high of ₹667.55, with a low of ₹646.00. A total of 4,077 shares have been traded so far.

The stock, part of the BSE Group 'A' with a face value of ₹5, has seen a 52-week high of ₹775.00 (12-Jan-2024) and a low of ₹455.00 (04-Jun-2024). Over the past week, the stock fluctuated between ₹684.40 and ₹634.40, giving the company a market capitalization of ₹3,897.49 crore. The promoters hold 66.41% of the company’s shares, with institutions and non-institutions holding 1.62% and 31.97%, respectively.

The company has further strengthened its global operations by launching a new delivery center in Cebu, Philippines, located at the Samar Loop in Ayala Business Park. This center marks Datamatics’ fourth facility in the country, joining two in Manila and one in Clark. Registered under the Philippines Economic Zone Authority (PEZA), the new center is equipped with state-of-the-art infrastructure and advanced technologies to enhance service delivery and innovation.

This strategic expansion underscores Datamatics’ commitment to serving industries such as financial services, healthcare, education, e-commerce, and customer support. With a presence in six countries and delivery centers across four regions, the company continues to focus on fostering local talent and driving regional economic growth.

Datamatics Global Services specializes in intelligent solutions for data-driven businesses, enhancing productivity and improving customer experiences.

Dynamatic Technologies saw its stock price rise on the BSE, trading at ₹8418.50, reflecting a gain of ₹91.10 or 1.09% over its previous close of ₹8327.40. The stock opened at ₹8326.95 and fluctuated between a high of ₹8390.00 and a low of ₹8156.00 during the session, with 202 shares traded so far.

The group ‘A’ stock, with a face value of ₹10, previously achieved a 52-week high of ₹9080.40 on April 8, 2024, and a 52-week low of ₹4224.60 on December 21, 2023. Over the last week, it reached a high of ₹8726.65 and a low of ₹8156.00. The company’s current market capitalization stands at ₹5649.19 crore.

Promoters hold 41.87% of the company’s shares, while institutions and non-institutional investors hold 26.90% and 31.23%, respectively.

In a notable development, Dynamatic Technologies awarded a contract to Aequs for manufacturing complex structural parts for Airbus A220 aircraft doors. Over the next five years, Aequs will deliver over 200 detailed components, involving advanced tool design, forgings, machining, and surface treatment. This partnership bolsters the relationship between the two aerospace industry leaders, aligning with India’s 'Make in India' initiative.

Earlier in February 2024, Airbus had placed a major aerospace export order with Dynamatic Technologies for manufacturing and assembling A220 aircraft doors, further enabling growth for Indian suppliers. Renowned for its expertise in airframe structures and precision components, Dynamatic Technologies continues to play a pivotal role in both national and global aerospace sectors.

Additionally, the company is Asia’s largest producer of Hydraulic Gear Pumps and ranks among the top five globally. Its diverse portfolio includes products for automotive, aeronautic, hydraulic, and security applications.

Inventurus Knowledge Solutions began trading on the BSE at ₹1856.00, marking a gain of ₹527 or 39.65% above its issue price of ₹1329.00.

Currently, the stock is trading at ₹1881.00, reflecting an increase of ₹552 or 41.53% from the issue price. During the day, it reached a high of ₹1942.10 and a low of ₹1851.00, with 5.23 lakh shares exchanged.

The IPO, open for subscription between December 12 and December 16, 2024, was oversubscribed by 52.68 times. The issue price was set at ₹1329.00 per share, the upper limit of the price band of ₹1265–₹1329.

Inventurus Knowledge Solutions specializes in technology-driven healthcare solutions. Its care enablement platform supports physician enterprises across the US, Canada, and Australia, with a primary focus on the US market, offering integrated solutions for outpatient and inpatient care providers.

Sanghvi Movers witnessed a slight surge in its stock price, currently trading at ₹317.55, reflecting a gain of ₹3.10 or 0.99% from its previous close of ₹314.45 on the BSE.

The stock opened at ₹309.35 and hit an intraday high of ₹319.65 and a low of ₹307.00. A total of 17,186 shares have exchanged hands so far.

The BSE 'A' category stock, with a face value of ₹1, recorded a 52-week high of ₹741.50 on May 16, 2024, and a low of ₹302.45 on November 22, 2024. Over the past week, the scrip has traded between ₹336.75 and ₹307.00. The company's current market capitalization stands at ₹2,745.32 crore.

Promoters hold a 47.25% stake in the company, while institutions and non-institutional investors account for 6.59% and 46.16%, respectively.

The company has established a fully owned subsidiary, 'Sanghvi Movers Middle East (LLC),' in Saudi Arabia. This move aims to expand its construction equipment rental and allied services in the region, capitalizing on the growing market demand. The new entity will focus on crane rentals and related operations in Saudi Arabia.

Sanghvi Movers specializes in providing hydraulic and crawler cranes to various infrastructure-related industries.

Hubtown's stock surged 2.07% to trade at ₹288.65 on the BSE, up by ₹5.85 from its previous close of ₹282.80. The stock opened at ₹274.00, reaching an intraday high of ₹288.80 and a low of ₹274.00, with 2,288 shares changing hands during the session.

The BSE 'T' group stock, with a face value of ₹10, recorded its 52-week high at ₹342.15 on September 30, 2024, and a 52-week low at ₹77.60 on December 28, 2023. Over the last week, the stock traded between ₹294.75 and ₹274.00. The company currently holds a market capitalization of ₹3,735.65 crore. Shareholding patterns show promoters own 28.81%, while institutional and non-institutional investors hold 6.75% and 64.44%, respectively.

The rally follows an announcement that Hubtown’s subsidiary, Rare Townships, has signed a Development Management Agreement with Gopani Realty LLP. The agreement pertains to Wing A-6 of the "Rising City" project in Ghatkopar, Mumbai. Gopani Realty will finance the construction of Wing A-6, enabling quicker project completion.

Meanwhile, Wings A1 to A5 are being developed by Hubtown with funding secured from SBI Ventures’ SWAMIH Fund in April 2024. This funding ensures the financial closure of Phase I (Buildings A1-A6) of the Rising City project, with delivery scheduled to begin in FY2026.

Hubtown specializes in developing, selling, and leasing residential, commercial, retail, and industrial properties. Its diverse portfolio includes residential complexes, IT parks, SEZs, SRAs, biotech parks, and more.

Pharmaceutical major Lupin's stock saw a rise, trading at ₹2116.45 on the BSE, marking an increase of 0.85% or 17.75 points from its previous close of ₹2098.70. The stock opened at ₹2098.05, with intraday highs and lows of ₹2126.85 and ₹2080.10, respectively. A total of 15,741 shares exchanged hands during the session.

Lupin's scrip, part of the BSE group 'A', carries a face value of ₹2 and previously reached a 52-week high of ₹2312.00 on September 5, 2024, and a low of ₹1200.35 on December 21, 2023. Over the past week, it traded between ₹2126.85 and ₹2040.00. The company's market capitalization stands at ₹96,551.93 crore, with promoters holding 46.96%, while institutions and non-institutional investors own 46.60% and 6.44%, respectively.

The rally follows Lupin receiving the USFDA’s nod for its Abbreviated New Drug Application (ANDA) for Emtricitabine and Tenofovir Alafenamide Tablets, 200 mg/25 mg, which are generic equivalents of Gilead Sciences' Descovy Tablets. As one of the first ANDA applicants, Lupin is eligible for 180 days of shared generic market exclusivity. The tablets will be manufactured at the company’s Nagpur facility.

Lupin continues to be a global leader in developing, producing, and marketing a broad spectrum of branded and generic formulations, biotech products, and active pharmaceutical ingredients (APIs).