Index after Nifty closed 41 points lower at 17,618 - ARETE Securities
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Market Updates
The markets are expected to open flat or marginally positive, as trends in the SGX Nifty indicate a mildly positive start for the broader index after Nifty closed 41 points lower at 17,618 on wednesday.
Ultratech Cement:
The company has commissioned a 2.2MT per annum capacity brownfield expansion at its grinding unit in Patliputra, Bihar, taking the overall capacity of the unit to 4.7MT per annum.
NBCC (India):
The company has received an order worth Rs 207.92 crore for planning, designing and execution of disable accessible platform and providing tertiary treatment plant works for Public Works Department, Puducherry
Tata Motors:
Jaguar Land Rover, the luxury automotive subsidiary of Tata Motors, said in a statement that it will invest £15 billion (Rs 1.53 lakh crore) over the next five years for an electric-first future.
Bombay Burmah Trading Corporation:
The company will sell the plantation land and assets forming part of all the three tea estates in Tanzania, spanning 3,957 acres, for $1.2 million (Rs 9.86 crore).
HDFC:
The company's subsidiary HDFC Capital Advisors will acquire additional 1.8% to 2.4% stake in Loyalie IT-Solutions for Rs 89.81 per compulsorily convertible preferential share, taking its overall shareholding to 9% to 9.6%.
Bank of Maharashtra:
The board will consider raising Rs 7,500 crore on April 24. The proposed methods to raise funds include follow-on public offer, rights issue, qualified institutional placement, preferential issue or any other mode or combination.
Q4 Earnings Results: Tata Communications Q4 FY23 revenues were up 0.89% at Rs 4,568.66 crore while Ebitda was down 4% at Rs 1,034.22 crore with Ebitda margin of 22.63% vs 23.79% previous year.
ICICI Securities Q4 FY23 revenues were down 0.77% at Rs 884.78 crore while Ebitda was down 2.69% at Rs 547.98 crore with Ebitda margin at 61.93% vs 63.16% previous year. Net profit was down 22.81% at Rs 262.68 crore The company recommended a final dividend of Rs 9.25 per share.
Q4 Results Today: HCL Technologies, ICICI Prudential Life Insurance Company, Reliance Industrial Infrastructure, Sterling and Wilson Renewable Energy, Cyient, Oriental Hotels, Rajnish Wellness.
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