News On 10
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News On 10
📰 News On 10
BIZnews Bharat – Market Desk
1. Power Finance Corporation (PFC)
PFC has gained institutional attention after Morgan Stanley initiated coverage with an ‘Overweight’ rating, citing its robust loan book and central role in funding India’s clean energy transition.
Recent disbursements include ₹13,000 crore to NTPC Green Energy and Grid Corporation of India, aligning with the government’s ₹50,000 crore push for renewable infrastructure.
2. REC Ltd.
REC, often seen as PFC’s lending twin, is in focus following its MoU with the Ministry of Power to finance multiple solar and hydro projects.
The company reported a 20% YoY rise in net profit last quarter, driven by improved loan recoveries and lower provisioning. Its rural electrification focus under PM-KUSUM and SAUBHAGYA is supporting long-term visibility.
3. Equitas Small Finance Bank
Equitas SFB recently reported 23% growth in advances YoY, led by expansion in vehicle loans and microfinance.
Analysts highlight its improved cost-to-income ratio and its push into digital banking through Equitas SFB Neo.
The bank also announced plans to enter the co-lending segment with NBFCs to grow its retail footprint.
4. Medi Assist Healthcare Services
This digital TPA has been expanding through partnerships with major insurers like HDFC Ergo and Niva Bupa.
Recently, the company launched its AI-powered claim approval engine, which is expected to improve turnaround time by 30%.
Its FY25 guidance indicated double-digit growth as demand for cashless hospitalization and corporate group health schemes rises.
5. Sagility India
Sagility announced two new contracts from U.S.-based Fortune 500 clients in digital operations and engineering services.
The company, formerly part of HGS, has shifted focus to high-margin businesses like healthcare analytics and global KPO services.
Its recent margin improvement and focus on automation-driven solutions have drawn buying interest from mid-cap funds.
6. Cochin Shipyard Ltd.
The company is currently executing multiple naval vessel orders including the prestigious Anti-Submarine Warfare Corvette project.
It recently secured a ₹1,500 crore contract from the Ministry of Defence for six Next Gen Missile Vessels.
With strong delivery timelines and defense capex momentum, Cochin Shipyard is emerging as a core Make-in-India defense play.
7. Hindustan Aeronautics Ltd. (HAL)
HAL is in the news for its delivery of Tejas fighter jets under the IAF’s LCA program.
It is also negotiating new export contracts with Southeast Asian countries for helicopters and aircraft systems.
The Ministry of Defence has recently increased HAL’s annual procurement budget allocation, giving a boost to its long-term earnings outlook.
8. IRFC (Indian Railway Finance Corporation)
IRFC has disbursed over ₹30,000 crore in FY25 for rolling stock and station redevelopment, aligned with the Indian Railways’ ₹2.4 lakh crore budget outlay.
It is currently in discussions to finance Vande Bharat sleeper coaches and hydrogen-powered trains.
The company is benefiting from its status as a low-risk PSU with sovereign backing.
9. Bharat Electronics Ltd. (BEL)
BEL has recently bagged new orders worth over ₹5,000 crore, including a major deal for tactical communication systems and EW (Electronic Warfare) suites.
The company’s collaboration with ISRO on satellite-based communication equipment is also expected to open up new civilian and defence markets.
Its Q1 earnings beat estimates, with PAT rising over 35% YoY.
10. Tata Elxsi
Tata Elxsi is riding on strong growth in EV software platforms and autonomous vehicle design services, particularly for European OEMs.
It has also signed partnerships with OTT firms for UI/UX development and is expanding into medtech design solutions.
The company recently announced expansion of its Bengaluru design studio and a new R&D lab in Pune.
📌 Disclaimer: This report is strictly for informational purposes. It does not constitute investment advice or a recommendation to buy or sell any securities. Always consult a certified financial advisor before making investment decisions. BIZnews Bharat carefully brings you information from its sources so that you are alert before any investment.
