Markets seen opening marginally higher; several stocks in focus today - ARETE Securities Ltd
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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 5 points higher at 26,177 on Tuesday.
Aurobindo Pharma
The company’s subsidiary Helix will acquire an additional 20% stake in Luoxin Aurovitas, China, for USD 5.125 million, raising ownership to 50%.
Belrise Industries
The company entered a three-year exclusive teaming and strategic agreement with Israel-based Plasan SASA for technical and business cooperation in defence opportunities.
Biocon
The company signed an out-licensing agreement with Ajanta Pharma to market Semaglutide across 26 countries in Africa, Middle East and Central Asia.
Ceigall India
The company received an LOA from MPUVNL for 130 MW solar PV projects under PM KUSUM-C with EPC value of Rs.550 crore.
Dilip Buildcon
The company received an LOA from MPUVNL for 1,363.55 MW solar projects, with EPC opportunity of Rs.4,900 crore excluding GST.
GAIL (India)
The company signed a non-binding MoU with the Government of Chhattisgarh in Raipur to study development of a gas-based fertilizer project in the state.
GPT Infraprojects
The company received a Rs.199.2 crore order from North Eastern Railway for construction of two railway bridges on the Khalilabad–Bahraich section.
Larsen & Toubro
The company won a major EPC order from BPCL to execute an LLDPE/HDPE swing unit at Bina, Madhya Pradesh.
NTPC
The board approved a 50:50 JV with EDF Power Solutions India for pumped storage projects and a wholly owned Mauritius subsidiary for power projects.
Puravankara
The company acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with saleable area of 6.4 msft and GDV over Rs.4,800 crore.
RITES
The company received a LOA from Ndalama Capital, South Africa, for supply and commissioning of diesel electric locomotives worth USD 35.2 million.
Shakti Pumps (India)
The company received a Letter of Empanelment/Award from MSEDCL for 12,883 solar water pumping systems valued at Rs.356.77 crores.
Vikran Engineering
The company received a Rs.2,035.26 crore EPC order from Onix Renewables for 600 MW AC solar projects across multiple locations in Maharashtra.
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