Morning Glance - 12th March 2026 - ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT NIFTY indicate a negative start for the broader index after NIFTY closed 394 points lower at 23,866 on Wednesday.
Adani Enterprises
The company’s subsidiary Adani Defence Systems & Technologies completed the acquisition of Punj Lloyd’s defence unit at Malanpur Madhya Pradesh.
Ceigall India
The company with 74% JV stake emerged L1 bidder for Rs521 crore MoRTH EPC project to construct the 78.38 km Sarli Huri section of NH 913 in Arunachal Pradesh with 36 month execution.
Dilip Buildcon
The company received LOI from REC Power Development and Consultancy to establish a 400 kV sub station at Mekhali with associated transmission lines in Karnataka with EPC value about Rs1,850 crore and 35 year concession.
Embassy Developments
The company sold over 500 units of Embassy Verde Phase II at Embassy Springs North Bengaluru achieving ~Rs495 crore sales within four days.
Jindal Steel
The company was declared preferred bidder for the 202 hectare Thakurani A1 Iron Ore Block in Keonjhar Odisha with around 50 million tonnes resources committing 101.20% premium to the Government.
KEC International
The company secured new T&D orders worth Rs1,476 crore across India, Saudi Arabia, Africa and the Americas including transmission lines, substations, EHV cabling and supply of towers, hardware and poles.
Omnitech Engineering
The company secured a five year Master Purchase Agreement from Weatherford Products GmbH valued at about Rs920 crore.
RailTel Corporation of India
The company received a Rs115.20 crore LoI from Power Grid Corporation of India for services to be executed by September 2034.
Samvardhana Motherson International
The company signed an SPA to acquire 100% stake in Yutaka Autoparts India Private as part of its acquisition of 81% stake in Yutaka Giken and 11% stake in Shinnichi.
Thomas Cook India
The company opened a new outlet in Kolhapur expanding its network to two locations in the city and 29 across Maharashtra.
Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM0000127
Tag News
Daily Market Outlook 12th March by FundsIndia
