Patel Engineering Bags Big Projects
- 25th April 2025
Aaj Ka Bazaar
Wall Street indices ended in the positive territory on Thursday, driven by gains in tech stocks and as investors assessed mixed corporate earnings. The S&P 500 rose by 2.03%, the tech-heavy Nasdaq Composite surged 2.74%, and the Dow Jones climbed 1.23%. Buoyed by the strong performance of U.S. markets, Asian indices also posted gains. Japan’s Nikkei 225 advanced 1.41%, Hong Kong’s Hang Seng Index rose 0.78%, and China’s CSI 300 edged up 0.28%. In line with the global rally, Indian benchmark indices are expected to open on a positive note, as suggested by higher trading levels in the GIFT Nifty. On the stock-specific front, Container Corporation of India (CONCOR) signed a Memorandum of Understanding (MoU) with the Ministry of Railways, Ministry of Petroleum and Natural Gas, and GAIL to jointly develop LNG infrastructure across various terminals.
Markets Around Us
BSE Sensex – 79,830.15 (0.04%)
Nifty 50 – 24,283.95 (0.15%)
Bank Nifty – 55,274.10 (0.13%)
Dow Jones – 40,121.83 (0.07%)
Nasdaq – 17,166.04 (2.74%)
FTSE – 8,407.44 (0.05%)
Nikkei 225 – 35,705.68 (1.92%)
Hang Seng – 22,228.20 (1.46%)
Sector: Civil Construction
Patel Engineering bags ₹2,036cr
Patel Engineering shares rose for the fifth straight session on April 25 after being declared the lowest bidder (L1) for two major projects worth ₹2,036.89 crore. The first is a ₹718 crore contract from NEEPCO for a 240 MW hydroelectric project in Arunachal Pradesh, expected to generate 1,000 million units of energy annually. The second is a ₹1,318.89 crore contract from CIDCO for building the Kondhane Dam in Maharashtra. Both projects involve extensive civil, hydro-mechanical, and electrical work and are expected to be completed in about 3.5 years. The stock recently hit a 52-week low of ₹33.65 on April 7 but is now trading over 30% above that level. However, it’s still down more than 40% from its 52-week high of ₹74.38. With a market cap of ₹3,744 crore, the company’s strong project wins could continue driving momentum in the stock.
Why it Matters:
Patel Engineering’s recent project wins worth over ₹2,000 crore strengthen its order book and boost revenue visibility. These contracts highlight the company’s execution strength in large-scale infrastructure projects. With the stock rebounding from its 52-week low, investor confidence appears to be gaining momentum.
NIFTY 50 GAINERS
SBILIFE – 1704.90 (6.01%)
HDFCLIFE – 723.80 (2.17%)
TCS– 3469.80 (2.00%)
NIFTY 50 LOSERS
AXISBANK – 1168.20 (-3.22%)
NESTLEIND – 2407.00 (-1.08%)
BEL – 303.75 (-0.64)
Sector : Housing Finance Company
Macrotech Q4 Profit Soars 38.5%
Macrotech Developers, known for its Lodha brand, will be in focus after reporting a strong Q4 performance with a 38.5% YoY jump in net profit to ₹921.7 crore. EBITDA rose 16.6% to ₹1,220.7 crore, with margins improving to 28.9% due to better pricing and cost control. The company posted a 21% rise in sales bookings for FY25 at ₹17,630 crore, backed by strong collections of ₹14,490 crore. Despite investing in 10 new land parcels worth ₹23,700 crore in future revenue, it reduced net debt by 7% to ₹3,990 crore. The board also declared a ₹4.25 per share dividend. Focus remains on expanding mid-income and affordable housing, which contributes 60% of its revenue. While the stock closed 3.3% lower at ₹1,320.3 in the last session, it has gained 19% in two weeks and 191% in two years.
Why it Matters:
Macrotech’s strong profit growth, improved margins, and solid sales bookings signal healthy business momentum. The company’s ability to reduce debt while expanding through new land acquisitions shows financial discipline. Its focus on affordable and mid-income housing positions it well for long-term demand and growth.
Around the World
Asian stock markets moved higher on Friday, led by gains in technology stocks after strong earnings from Alphabet boosted U.S. markets overnight. Japan’s Nikkei led the rally, supported by hopes of progress in U.S.-Japan trade talks, despite hotter-than-expected Tokyo inflation data raising the chances of future rate hikes. Tech-heavy indexes like the Hang Seng, KOSPI, and Nikkei rose 0.6% to 1.4%, driven by continued optimism around AI from companies like Alphabet, Amazon, and Nvidia. Baidu jumped 4% after launching its upgraded Ernie AI model, while BYD gained ahead of its earnings. U.S. rate cut hopes also supported sentiment. However, Chinese stocks underperformed due to concerns over the ongoing trade tensions with the U.S., as mixed signals emerged from both sides. Japan’s TOPIX also gained 1.1%, while Singapore’s Straits Times slipped 0.5%. India’s Nifty 50 was expected to open flat, reflecting cautious sentiment across broader Asian markets.
Option Traders Corner
Max Pain
Nifty 50 – 24200
Bank Nifty – 54800
Nifty 50 – 24270 (Pivot)
Support – 24,192, 24,138, 24,060
Resistance – 24,324, 24,401, 24,456
Bank Nifty – 55280 (Pivot)
Support – 55,009, 54,818, 54,547
Resistance – 55,471, 55,742, 55,933
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