Markets may open marginally higher as GIFT NIFTY signals gains - 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 167 points lower at 25,860 on Tuesday.
Ahluwalia Contracts
The company secured an Rs.888.38 crore EPC order from Bihar State Tourism Development Corporation for Shri Ram Janmabhoomi Tirtha Kshetra development in Sitamarhi, Bihar, over 42 months.
BEML
The company received an order from Ministry of Defence for supply of engines with an approximate contract value of Rs.110 crore.
Belrise Industries
The company incorporated step-down wholly owned subsidiary Belrise SDM in Lille, France for engineering, mechanical, electrical, electronic and software activities for defence, aerospace and space.
Coforge
The company launched Data Cosmos, an AI-enabled cloud-native data and analytics platform for enterprises across sectors.
Diamond Power Infrastructure
The company received a letter of intent from Rajesh Power Services for cable supply worth Rs.57.58 crore inclusive GST.
Inox Wind
The company secured a repeat 100 MW order from Jakson Green for supply of 3.3 MW turbines with limited-scope EPC and multi-year O&M services.
NBCC (India)
The company received Rs.345.04 crore work orders comprising Rs.332.99 crore PMC from IIT Mandi and Rs.12.05 crore annual maintenance contract from Kandla SEZ.
NLC India
The company’s subsidiary NLC India Renewables signed a long-term PPA with SJVN for a 200 MW wind power project under ISTS bidding, expected to generate ~500 MUs of green energy annually.
Rail Vikas Nigam
The company received an LoA from North Eastern Railway for a Rs.165.0 Cr bridge substructure project over river Gandak under the Gorakhpur–Valmikinagar doubling works.
Saregama India
The company approved Rs.325 crore investment in Bhansali Productions via 9,960 CCPS, with options to raise stake to 51% over time.
SEPC
The company received a sub-contract purchase order from Vishnu Prakash R Punglia for Ajmer–Chanderiya railway doubling project worth Rs.269.68 crore.
Waaree Renewable Technologies
The company’s subsidiary Sunsational Power executed a long-term PPA for a 300 MW ISTS-connected solar power project with a global technology company.
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Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities
