The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start - ARETE Securities Ltd
The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start for the broader index after Nifty closed 65 points lower at 23,501 on Friday.
Garden Reach Shipbuilders & Engineers:
The company bags an export order for commercial vessels worth $54 million or ?405 crore.
Newgen Software Technologies:
The company announces a $1.48 million agreement with a US client.
Craftsman Automation:
The company says its fund-raising committee approves the allotment of equity shares worth ?12 billion to QIBs at an issue price of ?4,400 per equity share.
JSW Energy:
The company's unit bags a 300 MW wind-solar hybrid project from SECI in Tranche VIII bidding.
PB Fintech:
The company approved the grant of an unsecured loan of up to ?2 billion to Policybazaar Insurance Brokers. The company also approved the grant of an unsecured loan of up to ?500 million to Paisabazaar Marketing and Consulting.
Jio Financial Services:
Reliance shareholders approve the retail unit's $4 billion lease to Jio Financial.
Optiemus Infracom:
The company announces the incorporation of its wholly-owned subsidiary, Optiemus Unmanned Systems Pvt Ltd.
Prestige Estates Projects:
The company approved raising funds up to ?50 billion via QIP. Additionally, the company plans to monetize assets of the hospitality segment through Prestige Hospitality Venture by issuing shares.
TVS Motor:
The company will partner with CSC Grameen eStores for its commercial vehicle range.
IREDA:
The company successfully raised ?15 billion today through the issuance of bonds. The bond issuance consisted of a base issue of ?5 billion and a greenshoe option of ?10 billion, oversubscribed 2.65 times.
Sadhav Shipping:
The company signed a charter party agreement with Hindustan Offshore Services, valued at USD 460,200.
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Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities