Indian Stock Market News | BSE/NSE Sensex Updates | Equity Market Highlights

Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

February 03, 2025

E2E NETWORKS; Clarification on certain queries w.r.t the Encumbrance on Promoter’s Shareholding
Co. says L&T and E2E Networks' promoters agreed that for three years from closing, promoters cannot transfer over 24.65% of total shares (56.25% of promoter holdings as of Dec 31, 2024) without L&T’s prior consent.
Promoters have not pledged E2E shares for any loans. Encumbrance exists only due to NDU, restricting transfers without L&T’s consent.
FIIs SOLD NET RS 87300 CR IN JAN MONTH , 2ND BIGGEST SELLING FIGURE IN HISTORY
AVP INFRA ; WINS RS 86.54 CR ORDER
Company received LOA on 01-02-2025 for ₹86.54 Cr highway widening project (Two to Four Lane) on Thirukoilur-Asanur road (SH-137), including bridges, culverts, and junction improvements.
TIME Period: 18 Months
NEOGEN CHEMICALS Q3 HIGHLIGHTS
Neogen Chemicals' Q3 FY25 revenue rose 22% to ₹201 crore, driven by base business growth and BuLi Chem's contribution. Despite pricing challenges, core operations remained strong. Neogen Ionics began lithium salt exports and expects major growth next year with new capacities.
Neogen Ionics (NIL) commenced lithium salt exports, contributing to the topline. NIL is positioned for substantial growth from next financial year driven by new capacities
EBITDA rose 71% to ₹34.6 crore, driven by higher plant utilization, efficiencies, and lower costs. Neogen Ionics’ cost intensity fell with export sales.
Margins stayed strong at 17.2% despite weak pricing.
PAT surged 844% to ₹10 crore, driven by strong operations and a low base from prior one-time costs. Higher CAPEX in Neogen Ionics increased depreciation and interest.
NEOGEN CHEMICALS Q3
Lower Bromine prices Y-o-Y impacted the revenue trajectory. Had they remained stable, Organic Revenue for Q3 FY25 would have been higher by ~Rs. 34 crore.
Lithium prices declined on a Y-o-Y basis during the quarter under review. Adjusting for this decrease, Inorganic Revenue would have been higher by ~Rs. 13 crore in Q3 FY25.
NEOGEN CHEMICALS Q3
Chairman Says New product launches and exports fueled recovery. To offset the agrochemical slowdown, we expanded into semiconductors, flavors, fragrances, and industrial CSM, showcasing our agile business model.
Neogen Ionics is advancing Lithium Salts and Electrolyte projects, supplying initial capacity to potential partners. A greenfield Battery Materials facility is set for H2 FY26, with major construction and engineering nearly complete.
We aim for ₹950-1,000 crore standalone revenue in FY26, with Neogen Ionics driving growth beyond.
Our long-term strategy stays strong, focusing on emerging opportunities for sustained value.
Reliance Retail has quietly launched the Shein India Fast Fashion app, marking the Chinese brand's comeback after a five-year ban. The app offers affordable clothing designed and manufactured in India, initially serving major cities like New Delhi, Mumbai, and Bengaluru. Under a licensing deal, Reliance maintains full operational control, with prices starting at ₹199, signaling a strategic re-entry into the Indian fashion market.
NEOGEN CHEMICALS q3
Update on Battery Chemicals (Neogen Ionics)
Financial Closure Secured for Greenfield CAPEX
Funded mainly by 10-year project finance debt with moratorium
₹419 Cr of ₹1,500 Cr CAPEX deployed till Q3 FY25
Commercial production on track for FY26
NEOGEN CHEMICALS
Update on Battery Chemicals (Neogen Ionics)
Greenfield Facility – Progress
70% erection & engineering complete
Modular development; equipment installation ongoing
Key machinery from MUIS arriving H2 CY2025, speeding up installation
NEOGEN CHEMICALS Q3
Update on Battery Chemicals (Neogen Ionics)
Battery Chemicals – Contract Discussions
Long-term electrolyte supply talks with battery manufacturers
Two major manufacturers to start later this year; more in 1-2 years
Battery Chemicals – Strategic Hirings : 70-80 employees focused on executing the project and phase 1 production
Lithium Salts & Electrolyte – Strong Demand
High demand for Indian supply continues
Focus on geographical de-risking with ongoing discussions, MOUs, and pricing agreements with international customers
Custom Duty Exemption on Critical Minerals
Aims to reduce battery costs
Battery chemicals make up ~35% of EV battery cost, lowering EV prices
PROCESS OF SIMPLIFICATION OF GST AND RATE RATIONALISATION IS ON: SOURCES- CNBCTV18
Centre Will Now Take Up The Issue Of Simplification And Rate Rationalisation Of GST With Individual Ministers
GoM On Rate Rationalisation Couldn't Come To A Consensus On Reducing Slabs From The Current Four Tier Structure
GOVT EXPECTS UNION BUDGET TO DRIVE UP NOT JUST CONSUMPTION BUT BANK SAVINGS SIGNIFICANTLY: SOURCES - CNBCTV18
Expect FMCG Sales To See An Uptick By Summer
Tax Relief In Budget Is Likely To Have A Spillover Impact Across Sectors & Increase Consumption & Demand
Decision On Tax Relief Taken After Extensive Deliberations Over Six Months
Budget Has Focused On Labour Intensive Sectors In MFG To Regain India's Mfg Footprint In Sectors Like Footwear & Textiles
Morgan Stanley Says Govt Opening Up New Sectors For Capex; 3 Stand Outs Include Water, Distribution & Housing
Expect The Saved Tax To Be Spent On Consumer Discretionary Stocks - CNBCTV18
SHAKTI PUMP ; Shakti Pumps has partnered with ReNew Photovoltaic for an additional ₹1,300 Cr supply of DCR cell-based solar modules for FY 2025-26. The company already collaborates with Mundra Solar PV (Adani) and Premier Energies.
This expansion strengthens its growth and market leadership.
Morgan Stanley on Polycab - Tactical Buy Idea Maintain Overweight with TP of Rs 7395
Industrial capex allocation has increased by 13% YoY
Further, US levying an import duty of 25% on Mexico is likely to be a positive for exports of cables
See Polycab as a beneficiary of continued momentum in domestic capex and exports pick up to US trend in medium term
Morgan Stanley Says Will Continue To Back Industrials, May See Some Shifts
ELARA ON SONA BLW, SAMVARDHANA MOTHERSON
India’s auto component exports to Mexico total $656M (3% of $21.2B).
Mexico contributes 4% of Samvardhana Motherson's revenue and 2% for Sona BLW, mainly as an assembly hub.
The impact of U.S. tariffs on OEM production shifts remains uncertain.

172