Morning Glance - 24th April 2026 - ARETE Securities Ltd
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Market Updates
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 205 points lower at 24,173 on Thursday
Azad Engineering Limited
The company inaugurated a 7,600 sq. m. lean manufacturing facility for Baker Hughes at its Centre of Excellence in Hyderabad, staffed with ~230 professionals.
Balrampur Chini Mills Limited
The company approved a preferential issue at Rs 483/share (Rs 450 cr), revised PLA CAPEX to Rs 3,080 cr, NCDs up to Rs 200 cr, and a Rs 160 cr Lactogypsum plant at Kumbhi, UP.
G R Infraprojects Limited
The company executed an EPC agreement with NTPC for BESS implementation at Mouda Thermal Power Station (Lot-1) at Rs 413.37 cr (ex-GST), with a 15-month completion period.
J. K. Cement Limited
The company was declared Preferred Bidder in the Rajasthan e-auction for Karunda Limestone Block-I mining lease, covering 35.98 hectares in Chittorgarh.
J. Kumar Infraprojects Limited
The company received LOAs worth Rs 2,487.65 cr: Rs 521.77 cr (ex-GST) from Mumbai Metro for underground vestibule work and Rs 1,965.88 cr from MCGM for bridges/elevated roads (company's 73% share: Rs 1,435.09 cr).
Larsen & Toubro Limited
The company's Buildings & Factories vertical won significant orders: seven high-rise towers for Oberoi Realty in Gurugram and a Proving Ground for an international company in Haryana.
Madhya Bharat Agro Products Limited
The company reported Q4 FY26 revenue of Rs 394.7 cr (+33% YoY), EBITDA of Rs 41.2 cr (+14% YoY), and PAT of Rs 59.8 cr (+318.2% YoY).
Patel Engineering Limited
The company was declared L1 bidder by SJVN for Package 2 of Nepal's 669 MW Lower Arun Hydropower Project at Rs 1,593.08 cr (incl. VAT), with a 54-month execution period.
Shyam Metalics and Energy Limited
The company announced the upcoming launch of 60,000 TPA Aluminium Flat Rolled Products and 18,000 TPA Aluminium Foil facilities at Sambalpur, Odisha via subsidiary Smel Steel Structural Pvt. Ltd., with commercial production imminent.
Sterling and Wilson Renewable Energy Limited
The company reported FY26 standalone revenue of Rs 6,163.81 cr and a loss after tax of Rs 2,510.18 cr, including Rs 2,802.18 cr exceptional items.
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