The Markets are expected to open marginally positive today as trend in SGX nifty indicate a positive start - ARETE Securities Ltd
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The Markets are expected to open marginally positive today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 120 points lower at 19,265 on friday.
L&T:
The company has received shareholder approval for a proposal to buyback shares of up to Rs 10,000 crore.
Garden Reach Shipbuilders & Engineers:
An MoU was signed with DEMPO Group to launch a collaboration model to build commercial vessels in the three premier shipyards of DEMPO at Goa and Bhavnagar.
Bharat Electronics:
The company received new defence and non-defence orders worth Rs 3,289 crore during July and August 2023. It includes a Rs 1,075 crore order from Hindustan Shipyards for the supply of CMS, communication systems, electronic warfare systems, and other sensors for fleet support ships.
Linde India:
The company received a letter of acceptance from SAIL for the installation of a 1000-tonne-per-day cryogenic oxygen plant at Rourkela to construct, operate, and maintain the plant for a period of 20 years.
BEML:
The company bagged an export order worth $19.71 million from Russia-based KAMSS for its Dozer BD355. The contract will be executed in different phases starting this month.
India Grid Trust:
The company completed the acquisition of 100% of the units in Virescent Renewable Energy Trust for Rs 4,000 crore. The acquisition adds 16 operating solar projects held by 15 SPVs with a capacity of 538 MWp.
NMDC Steel:
The company's Nagarnar steel plant achieved the feat of producing hot-rolled coil in nine days from hot metal. The plant has a capacity of three million tonnes
IndoStar Finance Capital:
The company has sold part of its legacy corporate loan book to Phoenix ARC, which consists of certain accounts tagged in Stage 2, aggregating to outstanding dues of Rs 915 crore. Phoenix ARC will set up a trust to monitor the progress of real estate projects and will also consider funding certain amounts towards financing the completion of these projects. Post-sale, retail lending in AUM increased to 95% from 85%.
Ex-date Dividend:
Bannari Amman Sugars, Precision Wires India.
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The Markets are expected to open higher today as trend in SGX nifty - ARETE Securities
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