IGI Logo

Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 4 points higher at 19,347 on wednesday.

Gensol Engineering:

The company received in-principle approval from NSE to issue 4.05 lakh equity shares at a price not less than Rs 1,480.08 to nonpromoter on a preferential basis pursuant to share swap basis.

Bharat Heavy Electricals:

The company has secured an order for setting up 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh through international competitive bidding. The deal entails designing, engineering, manufacture, supply, construction, erection, testing and commissioning with civil and structural works for the EPC project.

Rail Vikas Nigam:

The company has emerged as the lowest bidder for various projects of Maharashtra Metro Rail Corporation. The total project cost is Rs 256.19 crore.

Ajanta Pharma:

The drug maker has received the final approval from U.S. Food and Drug Administration to launch and market Topiramate ExtendedRelease Capsules of doses 25 mg, 50 mg, 100 mg and 200 mg. Topiramate is the generic version of Supernus Pharmaceuticals Inc’s Trokendi XR. Ajanta can launch Topiramate on Feb. 1, 2026 or earlier under certain circumstances.

DreamFolks Services:

The airport service aggregator has entered into a partnership with one of the leading Visa service providers to offer premium lounges at Visa centers and Doorstep Visa services.

Zomato:

SVF Growth (Singapore) sold 10 crore shares (1.17%) for Rs 94.7 apiece. Morgan Stanley Asia and Societe Generale bought 2.22 lakh (0.26%) and 2.27 lakh (0.27%) for 94.7 apiece. Axis Mutual Fund bought 52.4 lakh shares at the same price. Other buyers include Goldmach Sachs, Franklin Tempelton Mutual Fund, Kotak Mahindra AMC, BNP Paribas, and Invesco Mutual Fund among others.

Sula Vineyards:

Verlinvest Asia Pte is likely to offload up to 12.56 percent stake in Sula Vineyards for Rs 539.2 crore via a block deal, CNBC Awaaz reported on August 30, citing sources. The base price of the block deal is expected to be around Rs 473 apiece. The share sale price range corresponds to a 0 to 7% discount to the Sula Vineyard stock's closing price of Rs 508.70 on the NSE on August 30.

Ex-date Dividend: eClerx Services, Baid Finserv, UNO Minda, NMDC.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer