Battery Project Boosts HG Infra
- 22nd April 2025
Aaj Ka Bazaar
Wall Street indices closed lower on Monday after US President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell, raising concerns about the central bank’s independence. Trump stated that Powell’s reluctance to cut interest rates immediately could slow the economy. This comes after Powell, last week, highlighted concerns about growth and inflation following Trump’s tariff announcements. The S&P 500 dropped 2.4%, the Nasdaq 100 fell 2.5%, and the Dow Jones Industrial Average also declined by 2.5%. Meanwhile, most markets in the Asia-Pacific region remained subdued due to global uncertainty. Indian benchmark indices are expected to open on a muted slightly on the positive side, driven by investor optimism over better-than-expected corporate earnings. On the stock-specific front, state-owned Coal India has entered into a partnership with Damodar Valley Corporation (DVC) to set up a 1,600 MW (2×800 MW) ultra-supercritical thermal power plant in Jharkhand. The brownfield project, estimated at ₹16,500 crore, will be an expansion of the existing Chandrapura Thermal Power Station (CTPS), which currently operates with a capacity of 2×250 MW.
Markets Around Us
BSE Sensex – 79,622.96 (0.27%)
Nifty 50 – 24,180.25 (0.23%)
Bank Nifty – 55,633.40 (0.58%)
Dow Jones – 38,306.08 (0.35%)
Nasdaq – 15,870.90 (-2.55%)
FTSE – 8,275.66 (0.00%)
Nikkei 225 – 34,197.14 (-0.26%)
Hang Seng – 21,387.39 (-0.04%)
Sector: Civil Construction
HG Infra Gains on Gujrat Bid Win
HG Infra Engineering shares rose 5% to ₹1,197 after being declared a qualified bidder for a major battery storage project by Gujarat Urja Vikas Nigam. The company may set up a 300 MW or 600 MWh standalone battery energy storage system under a global bidding process. Over the past week, the stock has jumped 12%, outperforming Nifty 50’s 8% gain. HG Infra, based in Jaipur, is known for building and managing infrastructure projects. Analysts at Axis Securities recently gave the stock a “buy” rating with a ₹1,201 target price. As of December 2024, the company had a strong order book of ₹15,080 crore—almost 3x its FY24 revenue—with 94% of the orders coming from government projects. It also won ₹2,195 crore worth of new orders in Q4FY25 and is targeting ₹10,000–12,000 crore more in FY26, with a focus on expanding beyond roads into other infrastructure sectors.
Why it Matters:
HG Infra’s selection for Gujarat’s battery storage project highlights its entry into the high-growth energy sector. With a strong order book and new wins worth ₹2,195 crore, the company is diversifying beyond roads. Backed by a bullish analyst view and rising stock price, HG Infra shows strong growth potential ahead.
NIFTY 50 GAINERS
ETERNAL – 241.45 (3.08%)
KOTAKBANK – 2290.80 (2.20%)
HDFCBANK– 1960.00 (1.71%)
NIFTY 50 LOSERS
INDUSINDBK – 800.05 (-3.40%)
HEROMOTOCO – 3835.70 (-2.08%)
INFY- 1427.00 (-1.65)
Sector : Residential, Commercial Projects
Anant Raj Soars on Profit Surge
Anant Raj shares jumped 7% to ₹525 after the company reported strong Q4FY25 results. Net profit rose 52% year-on-year to ₹118.6 crore, while revenue increased 22% to ₹540.7 crore. The company’s operating profit (EBITDA) grew 36.5% to ₹142.4 crore, and margins improved to 26.3%. It also declared a dividend of ₹0.73 per share. Despite this solid quarter, the stock is still down 28% over the last six months. Anant Raj has built over 20 million square feet across commercial, residential, hospitality, and retail segments. It is now expanding into the data center business by converting 5.66 MSF of commercial space into a 300 MW facility, partnering with government bodies for the project. This move could diversify revenues and improve long-term growth. The recent strong financials, shift into high-demand sectors, and a rewarding dividend point to a potential turnaround for the stock.
Why it Matters:
Anant Raj’s strong Q4 results, with a 52% profit jump and improved margins, highlight its solid financial recovery. The company’s move into the data center space marks a strategic shift toward high-growth opportunities. Despite recent stock declines, the performance signals potential for a long-term comeback.
Around the World
Asian currencies mostly rose on Tuesday as the U.S. dollar dropped to a three-year low after President Trump renewed pressure on the Federal Reserve to cut interest rates. Trump’s comments, along with White House advisors hinting at possible changes in Fed leadership, weakened the dollar further. This pushed currencies like the Japanese yen and Australian dollar higher. The yen gained 0.5% and the Aussie dollar rose 0.4%, while the Indian rupee, Singapore dollar, and Korean won saw minor gains. However, the Chinese yuan slipped due to ongoing U.S.-China trade tensions, despite the People’s Bank of China setting the yuan’s value much stronger than expected to support stability. The offshore yuan dropped 0.3%, while the onshore rate weakened by 0.2%. This shows Beijing’s effort to manage currency volatility, even as U.S. tariffs and diplomatic tensions weigh on market sentiment. Overall, the dollar’s weakness supported most Asian currencies, but China’s situation remains pressured by external risks.
Option Traders Corner
Max Pain
Nifty 50 – 24000
Bank Nifty – 54200
Nifty 50 – 24072 (Pivot)
Support – 23,956, 23,787, 23,670
Resistance – 24,242, 24,358, 24,528
Bank Nifty – 55147 (Pivot)
Support – 54,832, 54,360, 54,045
Resistance – 55,619, 55,933, 56,405
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