Alibaba.com plans to more than double India users base over next few years

December 8, 2015

Alibaba.com, the B2B arm of Alibaba group said that it aims to more than double its users base over the next few years in India through on boarding of over 5 million businesses on its wholesale trading platform.

Alibaba.Com has 40 million users globally and 4.5 million users in India.

Alibaba.Com Global Business Development Timothy Leung said that “India is a very important market for us. It is the second largest for us after China. SME s are an important contributor to any economy and the same is the case with India… In the next few years, we hope to have 10 million businesses from India on our platform”.

Read EquityPandit’s Nifty IT Outlook for this week

MARKETS

Transrail Lighting Shares Shot Up 7% on Securing Order Worth Rs 240 Crore

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

Shares of Transrail Lighting Ltd shot up 7%, hitting an intraday high of Rs 494.40 on 1 April after securing an order worth Rs 240 crore for constructing a transmission line in the International market.

Randeep Narang, MD & CEO of Transrail Lighting Ltd, said, “We remain committed to executing key projects and expanding our footprint across relevant markets. Backed by a robust order book and a strong execution track record, we are well-energised for this year.”

Narang added that this latest Transmission Line EPC order reinforced the company’s presence in the transmission and distribution sector.

In the previous month, the company received fresh orders totalling Rs 1,647 crore across the power transmission, distribution, and railway sectors. These included Letters of Award for significant international transmission and distribution projects, encompassing the engineering, procurement, and construction of transmission lines and substations.

The company offers end-to-end solutions, including design, engineering, supply, manufacturing, construction, and testing, across its various business segments, such as Power Transmission & Distribution, Civil Construction, Railways, Pole & Lighting, and Solar EPC.

At 2:54 pm, the shares of Transrail Lighting were trading 6.28% higher at Rs 491.60 on NSE.

Transrail Lighting LtdInsights? Let the Analyst Guide You.

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MARKETS

HBL Engineering Shares Boost 12% on Order from Central Railway

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

The shares of HBL Engineering Ltd surged by more than 12% on Tuesday, 1 April, after the company received five Letters of Acceptance (LoA) worth Rs 762.56 crore for the provision of Kavach across 413 stations, covering 3,900 kilometres (Km).

According to a Monday exchange filing, HBL has received five letters of approval from the Central Railway for the provision of the Kavach within 413 stations, which is expected to be completed in 18 months. The company also revealed that Rs 3,618 crore has been spent on Kavach contracts given out so far this year.

In a 28 March exchange statement, the company also stated that it has received two LoAs for the provision of Kavach systems, worth Rs 499.68 crore, from North Central Railway and Western Railway.

HBL Engineering specializes in designing, manufacturing, and delivering a wide range of power solutions. The business has been well-known in a variety of industries since its establishment in 1977, including railroads, energy, telecommunications, defence, and renewable energy. HBL is particularly renowned for its expertise in providing batteries, inverters, and energy storage systems as backup power sources. The company’s products are used in numerous mission-critical applications that need reliable power.

HBL is a manufacturer of advanced battery systems for the defence sector’s tactical communication systems, submarines, and aircraft. For grid applications, the business also provides energy storage devices to fulfil the growing demand for renewable energy integration.

At 12:48 pm, the shares of HBL Engineering were trading 10.58% higher at Rs 522.50 on NSE.

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MARKETS

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

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

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 WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

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 WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

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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