G R Infra Bags Highway Deal
- 19th March 2025
Aaj Ka Bazaar
Wall Street sank on Tuesday, with tech companies leading the decline as investors awaited a monetary policy decision from the Federal Reserve and assessed the potential impact of President Donald Trump’s tariff policies. Asian stocks showed mixed performance on Wednesday, with shares in Japan and Korea rising, while the Australian market saw a decline. GIFT Nifty futures were trading higher, suggesting a flat to positive start for the Indian markets. During the day, the steel industry is expected to trade higher as the government proposes to impose a 12% temporary tax on some steel products for 200 days to safeguard the steel industry from heavy imports. In stock-specific news, LIC is expected to remain in focus after the company addressed reports about its potential entry into the health insurance sector. It stated that it is in advanced discussions to acquire a significant stake in a standalone health insurance provider. Throughout the day, investors will also closely monitor the Bank of Japan’s interest rate decision, where the central bank is expected to maintain rates at 0.5%. Later in the day, the US Federal Reserve will announce its policy decision amid concerns over inflation rising due to President Trump’s tariffs on imported goods if implemented.
Markets Around Us
BSE Sensex – 75,346.23 (0.06%)
Nifty 50 – 22,851.55 (0.08%)
Bank Nifty – 49,498.60 (0.37%)
Dow Jones – 41,745.98 (-0.23%)
Nasdaq – 17,808.66 (0.31%)
FTSE – 8,680.29 (0.55%)
Nikkei 225 – 37,916.84 (1.39%)
Hang Seng – 24,580.78 (1.77%)
Sector: Construction
GR infra Surges on ₹4,262 Cr Deal
GR Infraprojects’ stock jumped 7.23% after securing a ₹4,262.78 crore project from the National Highways Authority of India. This contract involves building a six-lane, access-controlled Agra-Gwalior greenfield highway spanning Uttar Pradesh, Rajasthan, and Madhya Pradesh, along with improvements to the existing Agra-Gwalior section. The project will follow the DBFOT model (BOT-Toll) under the NH(O) scheme. At 9:18 AM, the stock was trading at ₹1,008.30, up ₹67.95 on the BSE. Additionally, the company recently declared an interim dividend of ₹12.50 per share for FY 2024-25 and approved the divestment of its subsidiary, GR Galgalia Bahadurganj Highway. In February, G R Infraprojects also signed an MoU with the Assam government for a ₹270 crore ropeway project connecting Sonaram Field and Bhubaneshwari Temple in Guwahati. Stay updated with live market coverage for further developments.
Why it Matters:
GR Infraprojects’ ₹4,262.78 crore highway project win boosts its revenue pipeline and strengthens its market position. The 7% stock surge indicates strong investor confidence in its growth potential. With expansion into infrastructure projects like ropeways, the company is diversifying beyond roads, ensuring long-term scalability.
NIFTY 50 GAINERS
TATASTEEL– 157.75 (2.00%)
JSWSTEEL– 1032.40 (1.41%)
BPCL – 265.41 (1.23%)
NIFTY 50 LOSERS
TCS – 3485.65 (-1.88%)
INFY– 1580.60 (-1.79%)
HCLTECH – 1532.45 (-1.65%)
Sector : FinTech
PB FinTech Jumps 7%
PB Fintech’s stock surged 7% on March 18 after Kotak Institutional Equities upgraded its rating to ‘add,’ citing strong growth prospects and attractive valuations. The firm set a price target of ₹1,525, implying a 13% upside. Despite a 36% decline in the stock over the past three months due to concerns about its healthcare expansion and profitability, Kotak remains optimistic about PB Fintech’s ability to outpace industry growth by 1.8-2.0x while improving profitability. Policybazaar continues to dominate India’s insurance market by blending pull and nudge strategies for need-based sales, making it a key partner for insurers. While regulatory changes in life insurance led to commission cuts for non-life insurers, Kotak believes PB Fintech remains resilient due to its strong market presence and minimal reliance on insurers for support. The EoM guidelines for FY24 have also improved its ability to earn commissions, rewards, and incentives, further strengthening its financial outlook.
Why it Matters:
PB Fintech’s 7% stock surge reflects renewed investor confidence after Kotak upgraded its rating, highlighting strong growth potential. Despite recent concerns over its healthcare expansion, the company is expected to grow 1.8-2.0x faster than the industry. Policybazaar’s market dominance and adaptability to regulatory changes position it for sustained profitability.
Around the World
Asian stocks traded within a tight range on Wednesday, with Chinese markets pulling back after a strong rally driven by stimulus and tech stocks, while Japan’s markets stayed positive after the Bank of Japan (BOJ) held interest rates steady at 0.5%. Despite weak signals from Wall Street, optimism about more stimulus in China helped limit losses, with Hong Kong markets gaining on strong Chinese tech stock performance. Japan’s Nikkei 225 and TOPIX rose as Berkshire Hathaway increased its stake in major trading firms, and the BOJ signaled potential rate hikes amid rising wages and inflation expectations. In China, stocks flattened after recent highs, but Hong Kong’s Hang Seng index edged up as Xiaomi surged on strong earnings and EV sales targets. South Korea’s KOSPI gained 0.7%, while Australia’s ASX 200 dipped. Singapore’s Straits Times rose 0.4%, and India’s Nifty 50 futures pointed to a positive start after rebounding from recent losses.
Option Traders Corner
Max Pain
Nifty 50 – 22750
Bank Nifty – 49000
Nifty 50 – 22763 (Pivot)
Support – 22,669, 22,505, 22,411
Resistance – 22,928, 23,022, 23,186
Bank Nifty – 49114 (Pivot)
Support – 48,829, 48,343, 48,058
Resistance – 49,600, 49,885, 50,370
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