RVNL Bags ?729 Cr Deal
Aaj Ka Bazaar
Wall Street indices ended lower on Tuesday after a volatile session, driven by escalating trade tensions following Trump’s new tariffs on Canada, Mexico, and China. In response, Canada and China announced retaliatory measures. The Dow Jones Industrial Average fell 1.55%, the S&P 500 lost 1.22%, and the Nasdaq Composite declined 0.35%. Asian markets traded mixed as hopes of tariff relief emerged after Trump’s announcement, which had triggered a global selloff. Following these global cues, Indian benchmark indices are expected to open on a slightly positive note, as indicated by GIFT Nifty trading in the green. ?On the stock-specific front, IT solutions company Coforge Ltd signed a $1.56 billion multi-year agreement with Sabre Corporation, a leading global travel technology company, on Tuesday. This agreement aims to strengthen their long-standing partnership and accelerate Sabre’s product roadmap. Under the deal, Coforge will play a key role in enhancing product delivery and developing AI-enabled solutions, reinforcing Sabre’s commitment to innovation, speed, and scale.
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Sector: Civil Construction
RVNL Secures ?730 Cr HP Project Win
RVNL shares are in focus on March 5 after the company received a ?729.82 crore project from Himachal Pradesh State Electricity Board Limited (HPSEBL). The project involves improving the power distribution network in the Central Zone of Himachal Pradesh under a government scheme aimed at reducing power losses, and it must be completed within 24 months. Recently, RVNL has been securing several big projects. On February 21, it was the lowest bidder for a railway electrification project between Rayadurga and Topavagada. Before that, on February 18, it won a ?554 crore joint venture project for the Bengaluru Suburban Rail Project. Despite these wins, RVNL's financial results for Q3 FY25 showed a 13% drop in profit to ?311 crore and a 3% fall in revenue to ?4,567 crore compared to the same quarter last year. Traders and investors are closely watching the stock to see how these new projects impact future growth.
Why it Matters:
RVNL is gaining attention by securing major projects like the ?729 crore Himachal power upgrade, adding strength to its order book. Although its recent profits and revenue dipped, these new contracts may help revive growth. Investors are now watching to see if these wins can boost the stock’s future performance.
NIFTY 50 GAINERS
HCLTECH- 1579.05 (2.84%)
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NIFTY 50 LOSERS
BAJFINANCE - 8236.90 (-4.07%)
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SHRIRAMFIN - 624.50 (-1.33%)
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Sector: Software & Consulting
Coforge Surges on Deals, Stock Split
Coforge shares jumped over 6% on March 5 after the company announced two acquisitions, a major $1.56 billion deal, and its first-ever stock split. Coforge signed a 13-year agreement with US-based Sabre Technologies to deliver products and AI solutions, strengthening its position in the travel tech space. The company is also acquiring TMLabs in Australia for AUD 20 million to boost its ServiceNow services and Rythmos in the US for $30 million to expand its data and cloud services, especially in the airline sector. Both acquisitions include extra payments based on future performance. Additionally, Coforge plans to split its shares from Rs 10 to Rs 2 each, making them more affordable for investors, with the process expected to finish in about three months. Jefferies has maintained a 'buy' rating, increasing Coforge's target price to Rs 10,350, highlighting strong revenue visibility and future growth from these moves.
Why it Matters:
Coforge’s recent $1.56 billion deal and two strategic acquisitions are big steps to expand its presence in high-growth areas like travel technology, cloud, and data services. The company’s decision to split its shares will also make the stock more accessible to investors, which could increase demand. Together, these developments are expected to boost Coforge’s revenue, strengthen its global footprint, and drive long-term growth, making the stock more attractive to both traders and long-term investors.
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Around the World
Asian stock markets bounced back on Wednesday after hopes grew that U.S. President Donald Trump might negotiate the new tariffs he imposed on Mexico, Canada, and China. Just a day earlier, heavy tariffs led to sharp market drops and retaliation from Canada and China. Canada hit back with 25% tariffs on U.S. goods, while China raised taxes on U.S. farm products like chicken, wheat, and soybeans. However, comments from the U.S. Commerce Secretary hinting at possible talks helped calm investors. Japan, Hong Kong, and Indonesia led the gains, while Australia’s market fell 0.8% even though its economy grew better than expected, as investors worried about the impact on trade with China. Meanwhile, China’s stock markets inched up as the government set a 5% GDP growth target for 2025 and plans more spending to support the economy during its annual parliament meeting. Traders are now watching for updates on the trade talks and China's policies.
Option Traders Corner
Max Pain
Nifty 50 - 22300
Bank Nifty - 49000
Nifty 50 - 22050 (Pivot)
Support - 21,996, 21,910, 21,856
Resistance - 22,136, 22,191, 22,277
Bank Nifty - 48181 (Pivot)
Support - 47,988, 47,731, 47,538
Resistance - 48,438, 48,631, 48,888
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