Stocks in News & Key Economic Updates 24th November 2025 by GEPL Capital
Stocks in News
* TATA POWER: The company signed an agreement for a Rs 13,100 crore hydroelectric project in Bhutan and will invest Rs 1,572 crore in phases into the 1,125 MW Dorjilung project, which is expected to be commissioned by September 2031.
* NATCO PHARMA: The company received seven Form-483 observations from the US FDA following the inspection closure of its Manali, Chennai facility.
* HG INFRA: The company, along with Kalpataru Projects International, emerged as the L-1 bidder for a Rs 1,415 crore metro viaduct construction project under the MMRCL in Mumbai.
* UNITED BREWERIES: The company completed lease deed registration for its facility land in Unnao, Uttar Pradesh, where it will manufacture mainstream and premium products, including Heineken, with operations targeted for Q2FY27.
* RVNL: The company emerged as the lowest bidder for North Eastern Railway’s Rs 181 crore project in Lucknow.
* NTPC GREEN: The company’s subsidiary Ayana Renewable Power won a 140 MW round-the-clock renewable energy project in the REMC Limited tender.
* EICHER MOTORS: The company received a Rs 16.5 lakh E-way Bill penalty order from the Uttar Pradesh Authority over an alleged mismatch in the goods unloading location.
* KNR CONSTRUCTION: The company received the completion certificate for its Rs 1,180 crore elevated highway project in Coimbatore, originally awarded in September 2020.
* SHILPA MEDIARE: The US FDA completed a 10-day inspection at the company’s Jadcherla unit on Nov. 21, issuing eight Form-483 observations.
Economic News
* Tax collection may fail to meet target for this fiscal: The government anticipates a slight dip in tax collections this financial year. This is due to recent Goods and Services Tax rate reductions and global economic challenges affecting corporate profits. However, increased non-tax revenue and savings from flagship schemes are expected to bridge the gap. Officials are assessing the exact shortfall after December 15.
Global News
* Tariffs Cool U.S. Factory Growth as Inflation Pressures Dent Demand and Sentiment: U.S. factory activity slowed to a four-month low in November as tariff-driven price pressures weakened demand, causing inventories to surge and signaling risk to broader economic growth. Consumer sentiment toward big-ticket purchases also deteriorated sharply, with the University of Michigan citing frustration over high prices and weakening incomes, while Trump’s import duties continued to strain lower- and middle-income households and recent stock-market losses dented confidence among wealthier consumers. S&P Global’s manufacturing PMI slipped to 51.9, with new orders falling and inventories hitting a record high, though services activity strengthened to 55.0 on improved business confidence tied to expected rate cuts, the end of the government shutdown, and easing political concerns. Consumer sentiment inched up but remained near multi-year lows, as inflation expectations stayed elevated and price measures in the PMI showed continued cost pressures, reducing chances of further Fed rate cuts. Despite uncertainty, the labor market showed no major deterioration, though firms flagged tariff-related cost worries as a constraint.
Debt Market Snapshot Government Security Market:
* The Inter-bank call money rate traded in the range of 4.75%- 5.60% on Friday ended at 5.60%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.5172% on Friday Vs 6.4870% on Thursday .
Global Debt Market:
US Treasury yields were lower on Friday as investors look for clues on the shape of the U.S. economy and the direction of monetary policy. The yield on the benchmark 10-year Treasury fell over 2 basis points by 3:20 a.m. ET to trade at 4.075%. Yields across the maturity curve ticked lower, with the 5-year Treasury yield shedding 3 basis points while the longer-term 30-year Treasury’s yield was down 2 basis points. Global markets are digesting Thursday’s delayed non-farm payrolls report, which showed the economy added more jobs than expected in September, but the unemployment rate also rose to 4.4% its highest level since Oct. 2021. Investor expectations of a December rate cut from the Federal Reserve have fallen drastically in recent weeks, with the CME’s FedWatch tool showing money markets are now pricing in just a 35.1% chance of a cut next month. On Friday, Fed Governor Michael S. Barr and Vice Chair Philip N. Jefferson will be delivering speeches at separate events, offering investors a possible glimpse into sentiment at the central bank. Further data prints could also offer some insight into the state of the American economy, with Michigan Consumer Sentiment figures scheduled for release, and S&P Global’s Manufacturing PMI also due to be published.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.50% to 6.52% level on Monday.
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