Bharat Electronics Ltd.,Siemens Energy India Ltd., Paras Defense Ltd., and Diamond Power Infra Ltd. are some of the key stocks in focus on Tuesday, Nov. 25.
BEL has signed a joint venture agreement with France's Safran to produce 'Hammer' guided air-to-ground missiles in India.
Siemens Energy India reported a double-digit growth in earnings in the fourth quarter.
Surya Roshni secured a large order for spiral pipes, while Diamond Power Infra bagged a deal from Adani Energy Solutions.
Stocks To Watch
Bharat Electronics: The company and France's Safran Electronics & Defence signed a Joint Venture Cooperation Agreement for the production of the HAMMER guided air-to-ground missiled in India.
Siemens Energy India: Fourth quarter revenue surged 27% year-on-year to Rs 2,646 crore. Net profit jumped 31% to Rs 360 crore. The company announced a dividend of Rs 4 per share.
Diamond Power Infra: The company received a Letter of Intent (LoI) for a Rs 276 crore order from Adani Energy Solutions to supply AL-59 Zebra conductors for the Khavda project.
Premier Explosives: The company secured a Rs 73 crore international order for supplying defence products.
Surya Roshni: The company obtained a domestic order for the supply of Spiral Pipes with external 3 LPE Coating, valued at Rs 105.18 crore, to be executed by March 31, 2026.
Paras Defense: The company signed a Memorandum of Understanding (MoU) with Inter-University Accelerator Centre (Iuac), New-Delhi, to develop a commercial-grade MRI magnet system for indigenous manufacturing, aiming to make India self-reliant in superconducting MRI Magnet technology.
Ceigall India: The company received an LoI from REC PDCL to establish and maintain the Velgaon substation, earning Rs 58.5 crore annually for 35 years.
Solex Energy: The company commenced commercial production of 2.2 Gigawatt solar photovoltaic modules at its Surat facility.
Dr. Reddy's Labs: The company received European Commission approval to market AVT03, a biosimilar of Prolia and Xgeva used for treating osteoporosis and bone complications.
Sri Adhikari Brothers: The board approved renaming it to Aqylon Nexus and cleared a proposal to set up a 50 Megawatt Artificial Intelligence and green data centre campus in Telangana.
IPO Offering
Sudeep Pharma: The company is a manufacturer of pharmaceutical excipients, food-grade minerals, and specialty nutrition ingredients serving over 100 countries.The public issue was subscribed to 5.09 times on day 2. The bids were led by Qualified institutional investors (0.13x), non-institutional investors (12x), retail investors (4.97x).
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