IGI Logo

Market Updates 

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 141 points higher at 25,713 on Monday.

AXISCADES Technologies

The company through its subsidiary Mistral Solutions secured a ?25 crore defence order from HAL under the LCA Mk1A programme for supply of Single Board Computers to be manufactured at its DAL facility.

Container Corporation of India

The company signed a non-binding MoU with Vizhinjam International Seaport Ltd (VISL) to jointly develop a Container Freight Station in the vicinity of Vizhinjam International Seaport, Kerala, with land to be provided by VISL.

Chalet Hotels

The company approved development of a ~330 key luxury hotel with ~36,255 sq ft retail space in Hyderabad with ~?6,328 million capex to be funded via internal accruals and debt targeted for FY29 completion.

DEE Development Engineers

The company and its material sub secured contracts aggregating ~?173 crore including ?88 crore domestic LOIs and US$9.5 million international orders for critical piping HRSG piping fittings and flanges.

Godrej Properties

The company entered into JDA to develop ~18 acre residential project in Thane Mumbai with estimated revenue potential exceeding ?7,500 crore supported by upcoming metro and infrastructure connectivity.

Hindustan Zinc

The company signed an MoU with Tripura Group to set up a unit at its proposed Zinc Park in Rajasthan with assured RM linkage and long term offtake to develop an integrated downstream zinc ecosystem.

LTIMindtree

The company won a multi year $100 million deal with a European MedTech firm to deliver product development and support across hearing solutions leveraging its iNXT platform.

NBCC

The company received a ?76.27 crore domestic PMC work order from Dharanidhar University Odisha for construction of academic hostel and allied infra facilities.

Nexus Select Trust

The company agreed to acquire 50% stake in under construction Nexus Runwal Gardens Mall in MMR with ~7.3 lakh sq ft GLA through SPV marking its first development partnership post listing.

Olectra Greentech

The company through EVEY bagged LOAs from TGSRTC for 1,085 e buses under GCC OPEX model for 12 years with supply value of ~?1,800 crore and delivery over 20 months.

Samvardhana Motherson International

The company inaugurated an 8,200 sq m automotive lighting plant in Sanand, Gujarat, set up as a JV with Marelli.

Waaree Energies

The company’s subsidiary signed a 2.5 MW EAAS agreement with ZFI for GH2 project in UP with 15 year O&M contract and also entered into strategic MoU to supply 50 MW electrolyzers via EAAS route across North India.

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

SEBI Regn. No.: INM0000127