Newsletter
Defence order optimism, BSE derivatives expansion, and Export demand boost.
🗓️ Morning, folks! ☀️
Markets bounced back on Thursday, snapping a three-day losing streak as benchmark indices rallied over 1%. Sensex & Nifty ended more than 1% higher.
Among sector movers, capital market stocks led the rally, while IT was the only sector in the red.
💡Spotlight: Aluminium jitters lift metal stocks 🪨
Metal stocks were on a tear Thursday after aluminium prices surged on supply disruptions in the Middle East. The Nifty Metal index jumped more than 2%, making it the best-performing sector of the day.
The biggest mover was NALCO, which rallied more than 6% Other metal names joined the party too: Hindalco up nearly 4% & Tata Steel up 2%
What’s driving this: aluminium prices spiked on the London Metal Exchange after fresh supply worries hit the market. A Qatar-based smelter has started shutting down due to gas constraints, while shipments from Bahrain have been disrupted.
Add to that the rising tension around the Strait of Hormuz, a key route for global energy and commodity trade.
The Middle East produces a significant chunk of the world’s aluminium. Any disruption there tightens global supply, pushing prices up and giving metal producers a sudden tailwind in the stock market.
We broke this down on video too - Watch here 🚀
Let’s hit it!
1. ₹99,000 crore submarine buzz lifts Mazagon Dock ⚓
Mazagon Dock shares jumped more than 8% on reports of ₹99,000 crore submarine deal with Germany’s Thyssenkrupp Marine Systems (TKMS).
Breaking it down: the deal is part of Project 75(I), one of India’s most ambitious naval programmes. Under the plan, six advanced conventional submarines designed by TKMS would be built in Mumbai by Mazagon Dock through a technology partnership.
If it goes through, this would be one of India’s largest-ever defence procurement deals.
Why it matters: India currently operates a limited submarine fleet while China rapidly expands its naval capabilities in the Indo-Pacific.
Strengthening submarine capacity helps India secure key sea routes, monitor adversaries and protect maritime trade corridors.
2. Silver science boost for Hindustan Zinc 🪙
Hindustan Zinc signed a deal with US-based Virginia Tech to improve silver recovery from its mining operations.
By teaming up with Virginia Tech, a leading research university in mining and metallurgical engineering, the company gets access to advanced research and real-world testing to optimise its processing plants.
What’s going on: the partnership will focus on improving flotation, a mineral processing method used to separate valuable metals from mined ore.
Why this is important: Hindustan Zinc is already among the top five silver producers globally. Even small improvements in recovery rates can significantly boost output and profitability, especially when silver prices are strong.
The collaboration will also include training programs, workshops and technical exchanges, helping Hindustan Zinc’s engineers strengthen their in-house metallurgical capabilities and prepare plants for future ore variability.
3. Bharat Forge jumps as US truck orders surge 159% 🚚
Shares of Bharat Forge jumped about 3% after fresh data showed a sharp surge in heavy truck orders in North America.
The deets: according to transport data firm FTR Intelligence, orders for large heavy-duty trucks in North America hit 47,200 units in February, a 159% jump from last year.
These are the big long-haul trucks used for logistics, construction, and freight transport across highways in the US and Canada.
Why stock jumped: North America is one of Bharat Forge’s biggest export markets, especially for parts used in heavy trucks and commercial vehicles.
When orders for these heavy trucks rise, manufacturers usually increase production and buy more parts from suppliers like Bharat Forge, which is why higher truck orders are seen as a positive signal for the company.
4. Taking the highway to markets: Raajmarg InvIT’s ₹6,000 crore IPO 🛣️
State-run NHAI-backed Raajmarg Infra Investment Trust (RIIT) is set to launch a ₹6,000-crore IPO.
Raajmarg Infra Investment Trust (RIIT) is a fund that lets people invest in operational highways. It covers five toll road projects of 260 km, aiming to provide steady, long-term income and support more infrastructure.
The timing: Raajmarg Infra Investment Trust (RIIT) is entering a market with existing players like India Grid Trust, IRB InvIT Fund, and Powergrid Infrastructure Investment Trust.
The timing may favour it. The latest Union Budget has allocated about $133 billion for roads, ports, and railways.
With more infrastructure projects needing funding and investors seeking stable income assets, RIIT’s IPO could tap into strong sector demand.
While we are on IPOs
Digital finance platform Moneyview has filed its DRHP with the Securities and Exchange Board of India for an IPO.
The deets: as per the DRHP, the IPO will include a fresh issue worth up to ₹1,500 crore and an offer for sale (OFS) of up to 13.6 crore shares by existing investors.
₹650 crore will go toward boosting loan disbursals under Default Loss Guarantee (DLG) agreements. ₹450 crore will be invested in its subsidiary Whizdm Finance to strengthen its capital base.
5. Solar becomes India’s top renewable source ☀️
India’s renewable energy story is increasingly becoming a solar story.
Solar power now accounts for 52% of the country’s total renewable energy capacity, making it the largest contributor by a wide margin.
With 253.96 GW of total renewable capacity installed as of November 2025, the country has rapidly scaled up solar projects across utility-scale parks, rooftop systems, and hybrid energy plants.
6. Stock that kept us interested 🚀
1. Ramky Infra wins ₹1,401 crore Dighi port EPC order 🚢
Ramky Infrastructure jumped 12% after bagging a ₹1,402 crore EPC order from Maharashtra Industrial Township for the Dighi Port Industrial Area project in Raigad.
Breaking it down: the contract covers the end-to-end process of key infrastructure including roads, bridges, water supply systems, sewage networks, stormwater drainage, power distribution, ICT infrastructure, and a water treatment plant.
Why it matters: Maharashtra Industrial Township Limited (MITL) is the key developer of the Dighi Port Industrial Area (DPIA) in Raigad.
It is a special purpose vehicle backed by the Government of India and the Maharashtra government. The larger goal is to turn the area around Dighi Port into a major manufacturing and logistics hub.
What else are we snackin’ 🍿
💊 Onco launch: Aurobindo Pharma’s arm Eugia launched generic Pomalidomide capsules in the US as a first-to-file applicant, expanding its oncology portfolio.
📈 Stake buy: Games24x7 will acquire a 24% stake in stock broking app Wiseowl’s TIQS, marking its entry into the trading platform space.
📊 New derivatives: BSE will launch monthly futures and options on the Sensex Next 30 index, expanding its derivatives offerings.
And that’s a wrap. Pour yourself an extra one this weekend.
We’ll be back like clockwork on Monday!
Hit that 💚if you liked this issue.
