HBL Bags ₹101 Cr
- 28th May 2025
Aaj Ka Bazaar
The US markets were closed on Monday in observance of Memorial Day. However, US equity futures rose over 1% following President Trump’s decision to delay imposing 50% tariffs on European Union imports until July 9. These moves temporarily eased fears of an escalating trade war, providing a positive signal for global markets. Meanwhile, investors were also looking ahead to earnings news from Nvidia (NVDA), with the AI daring scheduled to release its fiscal first-quarter results after the close of trading next Wednesday. On the US economic front, the Commerce Department released a report showing that new home sales in the US in April spiked compared to a significantly downwardly revised level in March. Asian markets fluctuated this morning, and the dollar edged down while gold changed a little. Oil was slightly lower ahead of an OPEC+ meeting that will decide on supply policy. Indian market is seen opening little changed on Tuesday, tracking muted cues from other Asian markets as fears persist over US tariffs and fiscal deficit. Benchmark indexes Sensex and Nifty climbed around 0.6% each on Monday, driven by gains in rate-sensitive auto and banking stocks as India overtook Japan to become the world’s fourth-largest economy. Reports indicate that RBI is seeking approval to allow domestic banks to lend the rupee to overseas borrowers, accelerating the internationalization of the Indian currency.
Markets Around Us
BSE Sensex – 81,489.36 (-0.84%)
Nifty 50 – 24,765.80 (-0.25%)
Bank Nifty – 55,329.80 (0.03%)
Dow Jones – 42,341.92 (0.00%)
Nasdaq – 19,199.16 (2.47%)
FTSE – 8,778.05 (0.68%)
Nikkei 225 – 37,843.57 (0.32%)
Hang Seng – 23,232.02 (-0.64%)
Sector: Industrial Goods
HBL Wins ₹101 Cr Kavach Deal
HBL Engineering said that it has received letter of acceptances (LoA) from IRCON International for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 kilometers and two locomotives. The contract has to be executed within a period of 18 months. The total value of the contract is Rs 101.55 crore. HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, nicad, silver zinc, lithium, and railway & defence electronics and other products. The company reported a consolidated net profit of Rs 64.61 crore in Q3 FY25, down 18.3% compared with Rs 79.04 crore in Q3 FY24. Revenue from operations fell 24.8% YoY to Rs 450.56 crore in Q3 FY25.
Why it Matters:
This news highlights HBL Engineering’s strategic win in India’s railway modernization efforts through the Kavach safety system. Despite a dip in Q3 earnings, the ₹101.55 crore order reinforces its positioning in railway and defense electronics. It signals future growth potential amid ongoing infrastructure upgrades.
NIFTY 50 GAINERS
JIOFIN – 294.60 (1.10%)
INFY– 1580.10 (0.64%)
DRREDDY – 1249.40 (0.50)
NIFTY 50 LOSERS
ITC – 420.35 (-1.34%)
NESTLEIND – 2431.00 (-1.22%)
JSWSTEEL – 1002.80 (-1.08)
Sector : Railway Wagons
Jupiter Wagons Ltd’s electric vehicle arm Jupiter Electric Mobility (JEM) on Tuesday said it has signed an initial pact with logistics platform Pickkup for deploying 300 units of its electric light commercial vehicle Tez for last-mile deliveries. The company has already delivered the first batch of these vehicles, following extensive pilot runs across both intra-city and inter-city routes, JEM said. The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh, the company said. JEM Tez offers CCS2 charging compatibility besides and delivering 30 per cent more range on a single charge, all while supporting a 1050 kg payload. This creates a strong niche in the market.
Why it Matters:
This partnership marks a significant step in accelerating EV adoption for commercial logistics, aiding India’s shift to sustainable transport. JEM’s Tez offers high range, fast charging, and robust payload capacity making it ideal for demanding last-mile and intercity deliveries. It strengthens Jupiter Wagons’ position in the booming electric mobility sector.
Around the World
Asian stock markets mostly moved higher on Wednesday, following strong gains in the U.S. after President Trump delayed trade tariffs on Europe and stability returned to the bond market. Tech stocks led the rally, especially after strong earnings from China’s Xiaomi and ahead of Nvidia’s results, which investors expect to show strong growth from AI demand. Japan’s Nikkei and South Korea’s KOSPI saw solid gains, boosted by chipmakers like Advantest, SK Hynix, and Samsung. Taiwan’s TSMC and Foxconn also inched higher. However, Chinese markets underperformed due to weak earnings from e-commerce giant PDD and continued concerns about low consumer spending and deflation. Xiaomi’s strong results were not enough to offset overall weakness in China. Meanwhile, Australia’s market rose slightly due to inflation concerns delaying rate cuts. Singapore and Japan’s broader TOPIX gained modestly. India’s Nifty 50 futures signaled a weak start, struggling to hold above the 25,000 mark. Investors remained focused on tech and upcoming earnings.
Option Traders Corner
Max Pain
Nifty 50 – 24800
Bank Nifty – 55300
Nifty 50 – 24864 (Pivot)
Support – 24,665, 24,505, 24,307
Resistance – 25,024, 25,223, 25,383
Bank Nifty – 55407 (Pivot)
Support – 54,983, 54,613, 54,189
Resistance – 55,776, 56,200, 56,570
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