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By EquityPandit

MARKETS

IDFC Ltd., Equitas Holdings Shares Surged Following RBI Report

On Monday, shares of IDFC Ltd. surged 12 per cent to Rs 40.10 and Ujjivan Financial Services jumps 15 per cent to Rs 285 while 20 per cent in Equitas Holdings Ltd. to Rs 63.40, following the RBI panel’s report which recommends change in the banking regulation.
The panel in the released report recommends that “Non-operative Financial Holding Company (NOFHC) should continue to be the preferred structure for all new licenses to be issued for universal banks. However, it should be mandatory only in cases where the individual promoters/promoting entities/ converting entities have other group entities.” All the banks licensed before 2013 shall move to an NOFHC structure within 5 years after attaining a tax-neutrality status, it added.
The report has been placed on RBI’s website for the comments of stakeholders and members of the public. Comments and suggestions on the report may be submitted by 15 January, 2020 through an email and RBI will examine it before taking a view in the matter. 
The panel has also proposed that after the necessary amendments to the Banking Regulations Act, large corporate may be permitted to promote banks and raising their stakes in private sector banks for up to 26 per cent. It also suggested the conversions of big NBFCs into banks.

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MARKETS

RITES Shares Surge 3% on Bagging Contracts Worth Rs 312 Crore 

Ali Waghbakriwala

Shares of RITES Ltd surged 3% on 1 April after the company announced securing contracts worth S312.75 crore from Oil India and Numaligarh Refinery.

The company was given a letter of award (LoA) by Oil India (OIL) for Rs 157.25 crore to construct a workmen’s home complex (BQ Area) at OIL, Duliajan, using a depository works form and turnkey approach, which is anticipated to be completed in 36 months.  

Furthermore, the company was given a LoA for Rs 155.50 crore by Numaligarh Refinery for the turnkey, cost-plus railway sidings at NRL Panchgram Terminal, the third railway spur at Rangapani (SMT), and Duliajan (Crude Oil TW Loading Railway Siding) of OIL.

The aforementioned improvements need to be completed within 24 months of the site being turned over.  

On 17 March, Ntokoto Rail Holdings Pty. awarded additional work for the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives equipped with new Cape Gauge Bogies, Traction Motors, Control System Air Braking, etc., overhauled at a designated facility and on-site warranty support for a year. The addition to the contract agreement was delivered to the company on 17 March.

The order will be performed in six months and is now valued at USD 10.80 million (CIF) rather than USD 5.40 million (CIF).  

Earlier, on 6 March, the company received a LoA from South Central Railway for a project worth Rs 27.9 crore. The project includes a final location survey for the High-Speed Elevated Rail Corridor between Hyderabad and Chennai and Hyderabad and Bengaluru.

At 11:35 am, the shares of RITES were trading 2.03% higher at Rs 227.90 on NSE. 

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MARKETS

Stocks Under F&O Ban: 

Ali Waghbakriwala

Under the futures and options (F&O) segment, no stocks were banned from trade on Tuesday, 1 April, by the National Stock Exchange (NSE). 

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market. 

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

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MARKETS

Stocks in Focus: Hindustan Aeronautics, HBL Engineering, Vodafone Idea, and Others

Ali Waghbakriwala

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 176 points lower at 23,519.35, indicating that the domestic benchmark indices are likely to make a negative start on Tuesday.

On Monday, 31 March, Domestic benchmark indices S&P BSE Sensex slumped by 191.51 points or 0.25% and settled at 77,414.92 while the Nifty50 traded 0.31% lower by 72.60 points, settling at 23,519.35.

Here are some stocks that are likely to remain in focus on 1 April.

Hindustan Aeronautics: The company has announced inking two contracts with the Ministry of Defence for supplying 156 Light Combat Helicopters of which 90 units will be given to the Indian Army and 66 units will be given to the Indian Air Force for a total consideration of Rs 62,700 crore. 

HBL Engineering: The company has secured 5 LoA worth from the Central Railway for the provision of the Kavach. The value of these contracts stands at Rs 762.56 crore. 

Vodafone Idea: The government of India has announced their plans to raise its stake in the company to 48.99% after converting the outstanding spectrum auction dies into equity shares. The centre has ordered the company to issue equity shares worth Rs 36,950 crore to the government. 

Auto Stocks: The shares of automobile companies such as TVS Motor, Hyundai India, Hero Motocorp, Maruti Suzuki, and many others will be in focus as these companies are set to release their monthly sales for the month of March. 

Power Mech Projects: The company has secured an order worth Rs 425 crore from Mirzapur Thermal Energy, which is a wholly-owned subsidiary of Adani Power for civil works and the erection of prefabricated structural steel.

ITC: The company has announced its plans to acquire Century Pulp and Paper from Aditya Birla Real Estate for a total consideration of Rs 3,498 crore, strengthening its foothold in the north and boosting its own paper capacity by half. 

NCC: The company has announced receiving other orders worth Rs 5,773 crore in March 2025, from which, orders worth Rs 2,686 crore are for the transportation business vertical, orders worth Rs 2,139 crore are for the building business vertical, and orders worth Rs 948 crore are for the water and environment business vertical. 

Engineers India: The company has announced securing a consultancy order worth Rs 245 crore from a state-owned company for executing projects on a cost-plus basis in West Bengal and Maharashtra.

RITES: The company has secured a Letter of Award (LoA) from Numaligarh Refinery for a project worth Rs 155.5 crore. The scope of the order involved railway sidings at the NRL Panchgram Terminal, a 3rd Railway Spur at Rangapani (SMT), and Duliajan (crude oil TW loading railway siding) of Oil India.

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MARKETS

BEML Shares Extend Gains on Rs 405 Crore Contract

Ali Waghbakriwala

Shares of BEML jumped 7% and hit an intraday high of Rs 3,367.90 on 28 March after the company announced receiving a contract worth Rs 405 crore from Bengaluru Metro Rail Corporation Limited (BMRCL).

The contract under Bengaluru Metro Rail Projects includes comprehensive maintenance and staff training for a maximum of fifteen (15) years, as well as the design, production, delivery, installation, testing, and commissioning of standard gauge metro vehicles.

BEML announced plans to construct a mining equipment manufacturing factory in Chhattisgarh in the interim. This plant will primarily produce dump trucks, water sprinklers, and high-performance motor graders. According to the corporation, this will satisfy the rising demand in the mining and infrastructure sectors.

BEML, a well-known multi-technology “Schedule A” company under the Ministry of Defense, is vital to India’s primary industries, which include mining, construction, rail, power, and defence, thanks to its excellent products.

On 12 March 2025, Siemens India and BEML signed a non-binding Memorandum of Understanding (MoU) to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as the metro and commuter rail markets. 

Additionally, BEML and Dragflow S.R.L., Italy Forge, signed an MOU to Strengthen Indigenous Dredging Solutions.
 
Last month, BEML and a renowned South Korean company, STX Engine, signed a strategic partnership to jointly develop, manufacture, and market battle tank engines, marine engines, spare parts, and engine aggregates.   The agreement involves engine component servicing and maintenance to suit India’s defence needs, in addition to looking into export opportunities to friendly nations.

At 3:30 pm, the shares of BEML closed 2.85% higher at Rs 3,230 on NSE. 

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MARKETS

Force Motors Shares Soar 7% on Securing Order for Force Gurkha Light

Ali Waghbakriwala

Shares of Force Motors Ltd soared 7% on Friday, 28 March, after the company announced signing a contract with the Indian Defence Forces for an order of 2,978 automobiles.

In its regulatory filing, the company announced, “We are pleased to inform you that the company has signed a landmark contract for an order of 2978 vehicles from Indian Defence Forces i.e. by Directorate General of Capb, Devp (CD-13/14) General Staff Branch, IHQ of MoD (Army) New Delhi.”

Force Motors was chosen as the Indian Defence Forces’ L1 provider for the acquisition of 2,978 Force Gurkha light vehicles (GS 4X4 800 kg Soft Top). The deal will be completed in multiple phases over a maximum of three years. 

Force Motors has been in the defence business for a long time with the Gurkha LSV (Light Strike Vehicle), a vehicle renowned for its durability, off-road skills, and adaptability. 
 
The Force Gurkha, in particular, has been engineered to flourish in the most demanding circumstances thanks to its unparalleled performance, greater ground clearance, the highest water-wading capacity in its class, and exceptional manoeuvrability.

“We are honored to continue our association with the Indian Defence Forces through this substantial order. Our vehicles are designed with a focus on quality, reliability, ruggedness, and performance, aligning perfectly with the operational needs of our defence personnel. This order is a testament to the trust and confidence Indian Defence Forces place in Force Motors,” said Prasan Firodia, managing director of Force Motors.

Shri N. K. Firodia established Force Motors Limited in 1958 with the intention of providing the general population with affordable, reliable, and efficient transportation. With an emphasis on the design, development, and manufacturing of cars, components, and parts, it is today a fully integrated automotive company.

At 1:39 pm, the shares of Force Motors were trading 2.78% higher at Rs 9,032 on NSE.

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