RailTel Wins Big orders
- 02nd January 2025
Aaj Ka Bazaar
Wall Street remained closed on Wednesday on account of New Year’s Day, and investors are expected to adopt a cautious approach as markets reopen. Most Asian markets were trading lower, with China’s CSI 300 down by 0.74%, Hong Kong’s Hang Seng Index declining by 1.78%, and Japan’s Nikkei dropping by 0.96%. The Indian market is anticipated to open on a muted note and may trend lower later in the day, as suggested by the flat trading of GIFT Nifty. On stock-specific news, RailTel Corporation of India Ltd, a telecom infrastructure provider, secured a ₹78.43-crore order from Bharat Coking Coal Ltd on Wednesday. The order involves implementing an integrated IT-based security infrastructure along with related services.
Markets Around Us
BSE Sensex -78,705.37 (0.25%)
Nifty 50 – 23,798.25 (0.23%)
Bank Nifty – 51,138.20 (0.15%)
Dow Jones – 42,613.88 (0.17%)
Nasdaq – 19,305.25 (-0.93%)
FTSE – 8,173.02 (0.00%)
Nikkei 225 – 39,894.54 (0.00%)
Hang Seng – 20,059.95 (0.00%)
Sector: Telecom
RailTel Wins ₹78 Crore Deal
RailTel Corporation’s shares rose 2.58% to ₹415.40 in early trade on January 2 after securing a ₹78.43 crore order from Bharat Coking Coal. The project involves implementing IT-based security infrastructure and related services, with completion targeted by August 28, 2025. Recently, RailTel also bagged contracts worth ₹37.99 crore from Central Warehousing Corporation and ₹24.5 crore from Haryana State Electronics Development Corporation for maintenance services. The stock, which hit a 52-week high of ₹618 in July 2024 and a low of ₹301.35 in March 2024, is currently 32.78% below its peak but 37.85% above its yearly low.
Why it Matters:
RailTel Corporation’s recent ₹78.43 crore order from Bharat Coking Coal enhances its project portfolio, ensuring revenue flow until August 2025. This follows other significant contracts in December, showcasing its expanding role in IT-based security and maintenance services. The stock’s early 2% rise reflects investor optimism, even as it trades below its 52-week high, indicating market confidence in the company’s growth trajectory.
NIFTY 50 GAINERS
BAJFINANCE – 7100.00 (2.37%)
KOTAKBANK – 1821.25 (1.84%)
BAJAJFINSV – 1595.40 (1.21%)
NIFTY 50 LOSERS
WIPRO – 297.85 (-0.82%)
HEROMOTOCO – 4154.35 (-0.72%)
NTPC – 332.00 (-0.49%)
Sector: Utility Vehicles
Maruti Suzuki sales surge 30%
Maruti Suzuki’s shares rose over 3% on January 1 after the company reported a 30% increase in December car sales, totaling 1,78,248 units compared to 1,37,551 units in the same period last year. Domestic sales, including light commercial vehicles and supplies to Toyota Kirloskar Motor, grew 24.44% to 1,32,523 units. The company also achieved its highest-ever monthly exports at 37,419 units, marking a significant growth from 26,884 units a year ago. Sales of mini cars like Alto and S-Presso surged, while compact models such as Baleno, Swift, and WagonR also saw notable increases. Utility vehicle sales, including models like Brezza and Grand Vitara, rose by over 20%, highlighting strong demand across segments. However, sales of the mid-sized sedan Ciaz declined slightly. This robust performance underlines Maruti Suzuki’s growth momentum and its dominance in the domestic and export markets.
Why it Matters:
Maruti Suzuki’s strong December sales growth reflects robust consumer demand and market leadership across segments. The record exports and increased domestic sales highlight the company’s resilience and strategic positioning. This performance signals potential growth opportunities for investors in India’s automotive sector.
Around the World
Asian currencies traded mostly flat or weaker on Thursday, influenced by concerns over slower U.S. rate cuts in 2025, which boosted the dollar. The Chinese yuan dropped 0.3% to its lowest level in over a year as disappointing manufacturing PMI data raised worries about China’s slowing recovery despite recent stimulus. Regional trading remained muted due to New Year holidays, with major markets like Japan closed. The dollar stayed strong, driven by expectations of cautious Federal Reserve policies and potential protectionist moves by the U.S. under President Trump. The Japanese yen struggled after a dovish 2025 outlook from the Bank of Japan, while the South Korean won, a weak performer in 2024, saw slight recovery despite ongoing political turmoil. Meanwhile, the Singapore dollar rose 0.2% on better-than-expected GDP growth, and the Australian dollar recovered 0.5% from lows. The Indian rupee fell 0.3% after hitting a record low of 86 per dollar.
Option Traders Corner
Max Pain
Nifty 50 – 23,800
Bank Nifty – 51,900
Nifty 50 – 23,709 (Pivot)
Support – 23,596, 23,449, 23,326
Resistance – 23,856, 23,969, 24,116
Bank Nifty – 50,955 (Pivot)
Support – 50,589, 50,118, 49,752
Resistance – 51,426, 51,792, 52,263
Did you know?
Indian Digital Milestone Achieved
India has generated over 138 crore Aadhaar numbers, transforming digital identity verification. DigiLocker now serves 37 crore users, securely storing 776 crore documents. The DIKSHA platform has facilitated 556 crore learning sessions and achieved nearly 18 crore course enrollments.
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