IGI Logo

Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 312 points lower at 24,865 on Monday.]

ACME Solar Holdings

The company’s wholly owned subsidiary executed PPAs with SJVN for 450MW FDRE capacity comprising 300 MW and 150 MW at Rs.6.74 per unit withsupply from March 2028 for 25 years.

Allied Blenders and Distillers

The company approved acquisition of up to 50% stake in Kion BlendersIndustries for up to 45 crore in cash to set up a 200 KLPD dual modedistillery in Andhra Pradesh with total project cost of about Rs.300 crore.

Brigade Enterprises

The company leased approximately 1,56,000 sq ft at Brigade Twin Towers,Yeswanthpur to MANN+HUMMEL Filter and Labcorp.

Dabur India

The company signed a definitive agreement to acquire a minority stake inRAS Beauty for Rs.60 crore under its Dabur Ventures initiative.

Escorts Kubota

The company launched Powertrac Shaurya paddy tractor series with fivevariants in 39 HP to 52 HP range for Southern India featuring 3.1 metre turningradius 8 forward and 2 reverse gearbox and 1600 to 2000 kg hydraulic lift.

Hindustan Aeronautics

The company signed a Rs.2,901 crore contract with Ministry of Defence tosupply six ALH Mk III Maritime Role helicopters with engineering supportand performance based logistics for the Indian Coast Guard.

Juniper Hotels

The company received a LoA from DDA for license rights to develop a ~500key 5 star hotel on a 2.52 acre land parcel in Dwarka, New Delhi with LoAvalid for 12 months for lease execution.

Lemon Tree Hotels

The company signed a new 63-room property in Rajendranagar, Hyderabad,to be managed by its subsidiary Carnation Hotels Pvt Ltd.

Mahindra & Mahindra

The company’s associate Mitsubishi Mahindra Agricultural Machinery willwithdraw from agricultural machinery business and proceed with liquidationwhile continuing spare parts and warranty services.

Oswal Pumps

The company’s wholly owned subsidiary Oswal Solar Energy received Rs.39.40 crore order from Swashakthi Energy for 7.46 MWp grid connectedrooftop solar plants for 3,729 SC and ST consumers with five year O&Munder PM Surya Ghar scheme.

Steel Strips Wheels

The company reported February net turnover of Rs.476.41 crore up 16.84%YoY and gross turnover of Rs.549.25 crore up 9.71% YoY with overall valuegrowth of 17% on 5% volume growth.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM0000127